Featured Securities Investigations
- ATTENTION KALOS CAPITAL GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses
11/22/2021
Kalos Capital GPB Investment Losses? KlaymanToskes Investigates Potential FINRA Arbitration Claims Relating to Kalos Capital’s Sales Practices of GPB Capital National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Kalos Capital GPB Investigation”) FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”). Brokerage firms such as … - ATTENTION GENEOS WEALTH MANAGEMENT GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses
11/19/2021
Geneos Wealth Management GPB Investment Losses? KlaymanToskes Investigates Potential FINRA Arbitration Claims Relating to Geneos Wealth Management’s Sales Practices Concerning GPB Capital National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Geneos Wealth Management GPB Capital Investigation”) FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”). … - ATTENTION FSC SECURITIES GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses
11/18/2021
GPB FSC Securities Investment Losses? KlaymanToskes Investigates Potential FINRA Arbitration Claims Relating to FSC Securities’ Sales Practices Concerning GPB Capital National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“GPB FSC Securities Investigation”) FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”). Brokerage firms such as … - SwapStar Capital Investor Alert: National Investor Fraud Law Firm KlaymanToskes Investigates New Jersey Investment Advisor Fraud in Light of SEC, CFTC Charges
11/18/2021
Investment Losses with SwapStar Capital? KlaymanToskes Investigates Barred New Jersey Investment Adviser and Firm Swapstar Capital National investor fraud law firm is investigating SwapStar Capital in light of the SEC and Commodity and Futures Trading Commission’s actions filed against the firm and Swapnil Rege in October 2020. SwapStar Capital Fraud Investigation On October 26, 2021, the SEC charged a … - ATTENTION CROWN CAPITAL SECURITIES GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses
11/17/2021
Crown Capital GPB Capital Investment Losses? KlaymanToskes Announces Crown Capital GPB Capital Investigation National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Crown Capital GPB Capital Investigation”) FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”). Brokerage firms such as Crown Capital sold and marketed … - AEGIS CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Investigates Aegis Capital after FINRA Sanctions Aegis Capital and its Melville Branch Manager For Supervisory Violations Costing Investors Millions
11/16/2021
FINRA sanctions Aegis Capital for $2.8 million including $1.7 million in restitution to customers for excessive and unsuitable trading in Aegis’ customer accounts. The remaining $1.1 million of the sanction represents a fine by FINRA for Aegis’ supervisory violations. FINRA Investigation FINRA investigated and identified Aegis’ failure to design and implement a reasonably effective supervisory system … - DAVID MELILLI INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of FINRA Barred Financial Advisor David Melilli
11/12/2021
David Melilli Cambridge Investment Investment Losses? KlaymanToskes Investigates Former Moorestown, NJ Broker National investor fraud law firm KlaymanToskes announces its investigation (“David Melilli Cambridge Investment Investigation”) former Cambridge Investment Research broker David Melilli (Moorestown, NJ). The investigation is in light David Melilli’s bar from the securities industry relating to allegations concerning his exercising of discretion without written … - ATTENTION ROYAL ALLIANCE GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims Seeking Millions in GPB Capital Losses Against Royal Alliance as GPB Capital Develops Plan to Return Investor Funds
11/12/2021
Royal Alliance GPB Capital Investment Losses? KlaymanToskes Investigates Royal Alliance for GPB Capital National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“Royal Alliance GPB Investigation”) and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”), including a claim seeking damages up to $5,000,000 … - GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues Investigation of Alleged Ponzi Scheme GPB Capital, Pursues Millions in Damages Against Brokerage Firms in FINRA Arbitration Claims for GPB Capital Investment Losses
11/12/2021
Investment Losses in GPB Capital? KlaymanToskes Investigates Alleged Ponzi Scheme, GPB Capital National investor fraud law firm, KlaymanToskes (“KT”), continues its investigation (“GPB Capital Lawsuit”) on behalf of investors who were recommended to purchase the alleged Ponzi-like scheme GPB Capital resulting from recommendations from full-service brokerage firms. KT strongly encourages investors who purchased GPB Capital to … - TD AMERITRADE GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues Investigation Of and Files Claim Against TD Ameritrade Seeking in Excess of $500,000 on Behalf of Investor Who Purchased GPB Capital Through Advisor of TD AMERITRADE ADVISORDIRECT® Referral Program
11/08/2021
TD Ameritrade AdvisorDirect® Referral Program Customer Who Invested in GPB Capital? National investor fraud law firm, KlaymanToskes (“KT”), continues its investigation of and is filing a FINRA arbitration claim against TD Ameritrade (“TD Ameritrade GPB Investigation”) on behalf of an investor who sustained losses in GPB Holdings, LP and other related non-registered private placement securities resulting from … - RICHARD WESSELT INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of FINRA Barred Financial Advisor Richard Wesselt
11/04/2021
Financial Advisor Richard Wesselt has been barred by FINRA. FINRA barred financial advisor Richard Wesselt made unsuitable recommendations that did not take into account his customer’s risk tolerance, liquidity needs, and time horizon. In many cases, Richard Wesselt recommended his customers liquidate their tax-deferred retirement accounts causing them to lose the benefit of these types … - JIHYE KANG AXA ADVISORS INVESTMENT LOSSES? National Investor Fraud Law Firm KlaymanToskes Investigates Ex-Broker in Light of Forgery Accusations, Securities Bar
11/04/2021
Investment Losses with Jenna Kang (Los Angeles, CA) at Axa Advisors? National investor fraud law firm KlaymanToskes is investigation ex-Axa Advisors broker Jenna Kang (a/k/a Jihye Kang) (“Jihye Kang Axa Advisors Investigation”) in light of her bar from the securities industry and allegations of forgery from former customers. Forgery Allegations Against Jihye Kang According to FINRA BrokerCheck, multiple … - Ken Welsh Wells Fargo Investor Alert: National Investor Fraud Law Firm KlaymanToskes Investigates Former Fairfield, NJ Financial Advisor
11/02/2021
Ex-Wells Fargo Financial Advisor Ken Welsh Wells Fargo Accused of Stealing Customer Funds National investor fraud law firm KlaymanToskes is investigating former Wells Fargo financial advisor Kenneth Welsh (“Ken Welsh Wells Fargo Investigation”) after allegations that Kenneth Welsh may have stolen funds from Wells Fargo investors. Our investigation is in light of an SEC Complaint and … - UNITED PLANNERS GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages United Planners Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action
10/25/2021
United Planners GPB Capital Investment Losses? If you were recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956 National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of United Planners Financial Services who invested in GPB Capital Holdings (“United … - SAGEPOINT GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages SagePoint Financial Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action
10/25/2021
SagePoint Financial GPB Capital Investment Losses? If you were recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956 National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of SagePoint Financial who invested in GPB Capital Holdings (“SagePoint Financial GPB … - FSC SECURITIES GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages FSC Securities Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action
10/22/2021
FSC Securities GPB Capital Investment Losses? If you were recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956. National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of FSC Securities who invested in GPB Capital Holdings (“FSC Securities GPB … - Luke Johnson Coastal Investment Advisors Investor Alert: National Investor Fraud Law Firm KlaymanToskes Investigates Former Scottsdale, AZ Broker
10/20/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Luke Johnson Coastal Investment Advisors Investigation”) into former Coastal Equities, Inc. broker Luke Michael Johnson (CRD # 3257008) in light of pending customer disputes concerning alleged unsuitable investment recommendations, including GPB Capital. Luke Johnson Coastal Investment Advisors Investigation According to FINRA BrokerCheck, Luke Johnson has 6 … - EUGENE MCADAMS JOSEPH STONE INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Investigates Barred Broker in Light of FINRA Suitability Investigation
10/18/2021
Eugene McAdams Joseph Stone Customer? Ex-Joseph Stone Capital, LLC Broker Barred by Securities Industry as FINRA Investigate Suitability Recommendations National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Eugene McAdams Joseph Stone Investigation”) into former Joseph Stone Capital, LLC broker Eugene Arthur McAdams in light of a disciplinary bar disclosed by FINRA. In August … - Daniel O’Neill Aegis Capital Investor Alert: FINRA Accuses Former Broker of Excessive, Unsuitable Trading
10/12/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Daniel O’Neill Aegis Capital Investigation”) into former Aegis Capital broker Daniel J. O’Neill (“Daniel O’Neill”) in light of complaint recently filed by FINRA. In July 2021, FINRA filed a Complaint against Daniel O’Neill relating to excessively and unsuitably trading the account of one of … - Lee Nordstrom Vorphal Wing Securities Investor Alert: FINRA Bars Broker Investigated for Excessive Trading
10/11/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Lee Nordstrom Vorphal Wing Securities Investigation”) into former Vorphal Wing Securities broker Lee Victor Nordstrom (“Lee Nordstrom”) in light of a disciplinary bar disclosed by FINRA. In October 2021, FINRA barred Lee Nordstrom from the securities industry. FINRA barred Lee Nordstrom for his failure … - ATTENTION Eric Hollifield Hamilton Investment Counsel Customers: Dacula, Georgia Investment Advisor Accused of Misappropriating $1.24M of Client Funds
10/08/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Eric Hollifield Hamilton Investment Counsel Investigation”) into former Hamilton Investment Counsel, LLC investment advisor, Eric Shea Hollifield (“Eric Hollifield”) in light of a disciplinary bar disclosed by FINRA. In October 2021, FINRA barred Eric Hollifield from the securities industry. The bar follows a customer … - Eric Hollifield LPL Financial Investor Alert: FINRA Bars Dacula, Georgia Broker
10/08/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Eric Hollifield LPL Financial Investigation”) into former LPL Financial broker Eric Shea Hollifield (“Eric Hollifield”) in light of a disciplinary bar disclosed by FINRA. In October 2021, FINRA barred Eric Hollifield from the securities industry. The bar follows a customer dispute alleging Eric Hollifield … - Jeffrey Dampf PFS Investments, Inc. Investor Alert: FINRA Bars PFS Investments, Inc. Broker
10/07/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Jeffrey Dampf PFS Investments, Inc. Investigation”) into former PFS Investments, Inc. broker Jeffrey Dampf stemming from a disciplinary bar disclosed by FINRA. On October 1, 2021, FINRA barred Jeffrey Dampf for refusing to provide on-the-record testimony or produce documents and information requested by FINRA … - John Kevin Barrett Emerson Equity Investor Alert: FINRA Bars Ex-Emerson Equity Broker
10/05/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Kevin Barrett Emerson Equity Investigation”) into former Emerson Equity broker John Kevin Barrett (“Kevin Barrett”) in light of a disciplinary bar disclosed by FINRA. In July 2021, FINRA barred Kevin Barrett for failing to request termination of his suspension within three months of notice … - Jeffrey Warren Oppenheimer & Co. Investor Alert: National Investor Fraud Law Firm KlaymanToskes Investigates Florida Financial Advisor in Light of Securities Bar
10/01/2021
National investor fraud law firm KlaymanToskes is investigating (“Jeffrey Warren Oppenheimer & Co. Investigation”) allegations made against Jeffrey Warren (CRD#2707969), arising from a beneficiary complaint regarding a gift given to Jeffrey Warren by the now deceased customer prior to their death. FINRA BrokerCheck of Jeffrey Warren Oppenheimer & Co. Jeffrey Warren was permanently barred from the securities … - GPB AUTOMOTIVE PORTFOLIO LP INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues Investigation of GPB Capital in Light of September 2021 Purchase Agreement
09/30/2021
National investor fraud law firm KlaymanToskes (“KT”) has filed multiple Financial Industry Regulatory Authority (“FINRA”) arbitration claims for clients who were solicited by FINRA broker-dealers to purchase private placement securities of GPB Capital Holdings (“GPB”) in the form of notes, and continues to investigate (“GPB Automotive Portfolio LP Investigation”) the sales practices related to the … - ATTENTION MARTIN LERNER DAVID LERNER ASSOCIATES CUSTOMERS: National Investor Fraud Law Firm KlaymanToskes Investigates Broker in Light of $600,000 Energy 11 LP Customer Dispute
09/30/2021
National securities fraud law firm, KlaymanToskes (“KT”), continues to investigate (“Martin Lerner David Lerner Associates Investigation”) David Lerner Associates, including Martin Lerner (CRD#871038), for the unsuitable concentration in proprietary products invested in non-traded Oil & Gas Investments offered exclusively to its clients. The concentrated investments include Energy 11 LP, Energy Resource 12 LP, and Spirit of America Fund. In addition … - DAVID LERNER ASSOCIATES ENERGY 11 LP INVESTOR ALERT: National Investor Fraud Law Firm Continues Investigation of Spirit of America Fund, Energy 11 LP, and Energy 12 LP
09/30/2021
National securities fraud law firm, KlaymanToskes (“KT”), continues to investigate (“David Lerner Associates Energy 11 LP Investigation”) David Lerner Associates for the unsuitable concentration in proprietary products invested in non-traded Oil & Gas Investments offered exclusively to its clients. The concentrated investments include Energy 11 LP, Energy Resource 12 LP, and Spirit of America Fund. In addition to the … - ATTENTION STEPHEN SULLIVAN SPARTAN CAPITAL SECURITIES CUSTOMERS: KlaymanToskes Investigates Broker in Light of Pending FINRA Investigation of Churning, Unsuitable Recommendations
09/16/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Stephen Sullivan Spartan Capital Investigation”) into Spartan Capital Securities broker Stephen James Sullivan in light of a recent preliminary determination by FINRA to recommend disciplinary action to be brought against him relating to, in part, churning, excessive trading and unsuitable recommendations. Stephen Sullivan Spartan Capital … - ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses
09/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Horizon Oppenheimer Investigation”) of potential FINRA arbitration claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) customers who invested in the alleged Horizon Private Equity III (“Horizon”) Ponzi scheme. Horizon Oppenheimer Investigation – Oppenheimer, Southport Capital, and Horizon Private Equity III Ponzi … - ALAN BERGER TRIAD ADVISORS CUSTOMER ALERT: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors
08/26/2021
National investor fraud law firm, KlaymanToskes (“KT”) has commenced an investigation of former Triad Advisors and current Arkadios Capital broker Alan Stuart Berger (“Alan Berger Triad Advisors GPB Investigation”) in light of a FINRA arbitration filed against Alan Berger in September 2020 alleging GPB Capital losses. GPB Capital sold and marketed non-registered private placement notes through … - NOTICE TO GPB AUTOMOTIVE ARETE WEALTH INVESTORS: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors
08/26/2021
Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Automotive Arete Wealth Investigation”) claims against full-service brokerage firms on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital, in the form of notes, including Arete Wealth. GPB Automotive Arete Wealth Investigation GPB Capital sold … - ATTENTION GPB AUTOMOTIVE AEGIS CAPITAL INVESTORS: National Investor Fraud Law Firm Continues to Investigate Claims on Behalf of GPB Capital Investors
08/25/2021
Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Automotive Aegis Capital Investigation”) claims against full-service brokerage firms on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Holdings, LP in the form of notes, including Aegis Capital. GPB Automotive Aegis Capital Investigation GPB … - SCOTT HANANEL AEGIS CAPITAL INVESTOR ALERT: Former Melville, NY Broker Facing Customer Disputes on Investment Losses
08/23/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation into former Aegis Capital broker Scott Hananel (“Scott Hananel Aegis Capital Investigation”) in light of recent FINRA customer disputes filed claiming investment losses relating to the former Melville, NY broker. Scott Hananel Aegis Capital Investigation – BrokerCheck According to FINRA BrokerCheck, former Aegis Capital broker Scott … - NOTICE TO GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Pursues Claim Seeking Over $1,000,000 for GPB Capital Losses, Continues to Investigate FINRA Arbitration Claims for Investors
08/23/2021
National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes, including a claim (FINRA Case No. 20-00096) seeking over $1,000,000 against Royal Alliance Associates, Inc. … - NOTICE TO HAENA PARK PHAETRA FUNDS INVESTORS: National Investor Fraud Law Firm KlaymanToskes Is Investigating Individual Securities Arbitration Claims in Excess of $100,000 in Light of the Recently Filed Class Action Complaint Against Interactive Brokers
08/20/2021
National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Haena Park Phaetra Funds Investigation”) on behalf of investors of Haena Park’s Phaetra Funds Ponzi-like scheme in light of the recently filed Class Action Complaint against Interactive Brokers (Benjamin Chang v. Interactive Brokers LLC, N.D. Cal., Case No. 5:21-cv-05967). Investors should strongly consider exploring all their … - GPB Capital Investor? The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate, Pursue Claims Against Full-Service Brokerage Firms on Behalf of GPB Capital Investors
08/18/2021
National investor fraud law firm, KlaymanToskes (“KT”), has filed multiple Financial Industry Regulatory Authority (“FINRA”) arbitration claims for clients who were solicited by broker-dealers to purchase private placement securities of GPB Capital Holdings (“GPB”) in the form of notes, and continues to investigate the sales practices of additional broker-dealers (“GPB Capital Investment Loss Investigation”). Under … - NOTICE TO GPB CAPITAL INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate Claims on Behalf of Investors Who Purchased GPB Capital Through Advisors of TD AMERITRADE ADVISORDIRECT® Referral Program
08/17/2021
National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims against TD Ameritrade (“GPB Capital TD Ameritrade Investigation”) on behalf investors who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program. TD … - ATTENTION THOMAS STRATTON WORLD CHOICE SECURITIES CUSTOMERS: FINRA BARS BROKER RELATING TO ITS INVESTIGATION OF POTENTIAL MISUSE OF CUSTOMER FUNDS
08/13/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Thomas Stratton World Choice Securities Investigation”) into World Choice Securities broker Thomas Ward Stratton in light of his recent bar from the securities industry. On August 12, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred World Choice Securities … - ATTENTION CASEY KEMERLY EDWARD JONES CUSTOMERS: The Securities Arbitration Law Firm of KlaymanToskes Announces Investigation of Former Edward Jones Broker Barred by FINRA
08/12/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Casey Kemerly Edward Jones Investigation”) into former Edward Jones broker Casey Kemerly in light of a recent disciplinary action disclosed by FINRA. On August 4, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred former Edward Jones broker … - ATTENTION HJ SIMS BOCA RATON FL CUSTOMERS: KlaymanToskes Announces Investigation of HJ Sims’s Boca Raton, FL Branch in Light of the SEC’s Recent $250,000 Fine for Unsuitable Variable Interest Rate Structured Products Recommendations
08/11/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“HJ Sims Boca Raton FL Investigation”) into the Boca Raton, Florida branch of Herbert J. Sims & Co., Inc. (“HJ Sims”) in light of the SEC’s recent $250,000 fine of the brokerage firm relating to its failure to supervise their registered representatives’ unsuitable recommendations … - GPB CAPITAL TD AMERITRADE INVESTOR ALERT: KlaymanToskes Continues to Investigate TD Ameritrade’s ADVISORDIRECT® Referral Program for GPB Capital Investment Losses
08/10/2021
National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate on behalf of investors who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program (GPB Capital TD Ameritrade). What is TD Ameritrade’s AdvisorDirect Referral Program? TD Ameritrade, which was … - ATTENTION WALTER ALLEN CETERA ADVISORS SUFFIELD CT CUSTOMERS: FINRA Bars Former Cetera Advisors Broker
08/04/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Walter Allen Cetera Advisors Suffield CT Investigation”) into former Cetera Advisors broker Walter Allen in light of a recent disciplinary action disclosed by FINRA. On August 4, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred former Cetera … - GPB CAPITAL INVESTOR ALERT: KlaymanToskes Announces Preparation to File FINRA Arbitration Claim on Behalf of Investor Who Purchased GPB Capital Through Advisor of TD AMERITRADE ADVISORDIRECT® Referral Program
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), announces that it is preparing to file a claim against TD Ameritrade on behalf of an investor who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program (GPB … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of BANCWEST INVESTMENT SERVICES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), commences an investigation (Northstar Bermuda Bancwest) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Bancwest Investment Services, which is a subsidiary of BNP Paribas’s (BNPQY: U.S. OTC) Bank of the West. Northstar was a … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of HANCOCK WHITNEY INVESTMENT SERVICES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Hancock Whitney) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Hancock Whitney’s (NASDAQ: HWC) subsidiary, Hancock Whitney Investment Services (“Hancock Whitney”), and other full-service brokerage firms. Northstar was … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of JP MORGAN SECURITIES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda JP Morgan) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through J.P. Morgan Chase Co.’s (NYSE: JPM) subsidiary, J.P. Morgan Securities (“JPMorgan”). Northstar was a Segregated Accounts Company regulated … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of UNIONBANC INVESTMENT SERVICES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Unionbanc) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Unionbanc Investment Services, which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.’s (NYSE: MUFG) American holding company. Northstar … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of CETERA INVESTMENT SERVICES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Cetera Investment Services) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Cetera Investment Services and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of COMMUNITYAMERICA CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda CommunityAmerica) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through CommunityAmerica Financial Solutions (“CommunityAmerica”) and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of OCEAN FINANCIAL SERVICES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Ocean Financial Services) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Ocean Financial Services and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of RAYMOND JAMES CUSTOMERS
08/02/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Raymond James) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through a Raymond James’s (NYSE: RJF) subsidiary, Raymond James & Associates (“Raymond James”), and other full-service brokerage firms. Northstar … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of SUNTRUST INVESTMENT SERVICES CUSTOMERS
08/02/2021
Did you invest in Northstar Financial Services (Bermuda) through Truist Investment Services (d/b/a Suntrust Investment Services)? National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Suntrust) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Truist Financial Corporation’s … - ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of BANKOH INVESTMENT SERVICES CUSTOMERS
08/02/2021
Did you invest in Northstar Financial Services (Bermuda) through Bankoh Investment Services? National investor fraud law firm, KlaymanToskes (“KT”), commences an investigation (Northstar Bermuda Bankoh) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Bank of Hawaii’s (NYSE: BOH) subsidiary, Bankoh Investment … - ATTENTION ROBINHOOD CUSTOMERS: KlaymanToskes Investigates January 2021 Trading Restrictions on Gamestop
07/12/2021
New York, NY – KlaymanToskes (“KT”), a leading national securities arbitration law firm, announces an investigation on behalf of Robinhood Financial, LLC (“Robinhood”) investors who sustained losses in Gamestop (NYSE: GME) due to trading restrictions imposed by Robinhood in January 2021. On January 28, 2021, Robinhood announced it restricted traders on its platform from opening new … - Joseph Chu, California Resources Corporation, Denbury Resources and Whiting Petroleum Investigation
07/09/2021
KlaymanToskes (“KT”), a national securities law firm, continues to investigate the sales practices of former Merrill Lynch and current RBC Capital Markets broker, Joseph Ijong Chu (“Chu”), concerning his handling of discretionary accounts and concentration in Energy sector securities. The concentrated investments include California Resources Corporation (NYSE: CRC), Denbury Resources, Inc. (NYSE: DEN), and Whiting … - FINRA Orders Sanctuary Securities, Inc. to Pay $530K for Non-Traditional ETF Supervisory Failures
07/07/2021
FINRA recently disclosed that Sanctuary Securities, Inc. (formerly known as David A. Noyes & Company) agreed to submit a Letter of Acceptance, Waiver and Consent (AWC) relating to its failure to supervise its solicited sales of inverse and leveraged exchange traded funds (Non-Traditional ETFs or NT-ETFs) in that the firm’s supervisory system was not sufficiently … - FINRA Suspends Former Merrill Lynch Broker Scott Ryland Mathews for Early Rollovers of Unit Investment Trusts
07/06/2021
FINRA recently disclosed that former Merrill Lynch broker Scott Ryland Mathews agreed to a Letter of Acceptance, Waiver and Consent (AWC), Case # 2018060359901, relating to engaging in an unsuitable pattern of early rollovers of Unit Investment Trusts (“UITs”). Because of the long-term nature of UITs, their structure, and their costs, short-term trading of UITs … - NOTICE TO ROBINHOOD FINANCIAL LLC INVESTORS – KlaymanToskes Commences Investigation for Robinhood Financial LLC (“Robinhood”) Investors With Losses in Excess of $100,000 Due to Firm’s Inappropriate Options Trading Approval
07/02/2021
KlaymanToskes (“KT”) announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the inappropriate options trading approval from Robinhood Financial LLC (“Robinhood”). On June 30, 2021, the Financial Industry Regulatory Authority (“FINRA”) disclosed that Robinhood agreed to a Letter of Acceptance, Waiver and Consent relating, in part, to inappropriately approving … - FINRA Orders Historic Financial Penalty Against Robinhood Financial LLC for Systemic Supervisory Failures
07/01/2021
On June 30, 2021, Robinhood Financial LLC agreed to a Letter of Acceptance, Waiver and Consent (AWC) (Case No. 2020066971201) which included $57 million fine and an order to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers by the Financial Industry Financial Authority (FINRA), which is the securities industry regulator … - Sigma Financial Corporation Facing $4.5M in Potential Damages in Customer Disputes
06/28/2021
Sigma Financial Corporation is facing four Financial Industry Regulatory Authority arbitration claims seeking alleged damages of about $4.5 million, according to the firm’s most recent audited financial statement filed with the SEC. Sigma Financial has set aside approximately $652,000 in preparation for the claims, according to the Financial and Operation Combined Uniform Single (FOCUS) Report. What … - NOTICE TO CLIENTS OF JEFFREY DIXSON WITH GPB CAPITAL: Klayman & Toskes, P.A. Investigates Former Madison Avenue Securities Broker Jeffrey Dixson Regarding Unsuitable GPB Capital Recommendations
06/22/2021
National investor law firm KlaymanToskes (“KT”) continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes. Under FINRA Rules, brokerage firms have an obligation to make suitable recommendations to their customers, … - NORTHSTAR FINANCIAL SERVICES (Bermuda) INVESTMENT RECOVERY: KlaymanToskes Investigates Investor Losses
06/21/2021
National investor fraud law firm, KlaymanToskes (“KT”), announces an investigation on behalf of investors in Northstar Financial Services (Bermuda) Ltd. following its recent bankruptcy and order to liquidate by the Bermuda government. What is Northstar Financial Services (Bermuda) Ltd? Originally created in the 1990s, Northstar Financial Services was a Segregated Accounts Company regulated by the Bermuda Monetary … - Former LPL Financial Advisor Paul McGonigle Investigation
06/15/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation in light of recent criminal charges concerning Paul R. McGonigle (“McGonigle”), who worked at LPL Financial (“LPL”) from February 2018 to June 2019. On June 9, 2021, the Department of Justice (“DOJ”) charged McGonigle with three counts of wire fraud, one count of mail … - BDC INVESTOR ALERT: KlaymanToskes Investigates Investor Losses in Response to Medley Capital Bankruptcy Filing Attributed to Portfolio Loan Losses Related to the COVID Pandemic
04/29/2021
KlaymanToskes (“KT”), announces their investigation on behalf of investors into Business Development Companies (“BDCs”), Medley Capital and Sierra Income Corp. On March 7, 2021, Medley Capital Corp. (NYSE: MCC), a direct subsidiary of Medley Management Inc. (NYSE: MDLY), filed for Bankruptcy Protection in the U.S. Bankruptcy Court for the District of Delaware (Case: 21-10526-KBO). Medley … - LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer
03/22/2021
Boca Raton, Florida — March 22, 2021 — The Securities Law Firm of KlaymanToskes (“KT”) provides a Lordstown Motors Corp. (NASDAQ:RIDE) Alert to shareholders concerning the Class Action Lawsuit (Case 21-CV-00616) filed March 18, 2021 in the United States District Court of the Northern District of Ohio, Youngstown Division, for the class period from August … - SEC Charges Broker-Dealers and Investment Advisory Firms for the Sales of Complex Exchange-Traded Products With More than $3 Million Returned to Retail Investors
11/13/2020
The securities industry watchdog, the Securities and Exchange Commission (“SC”) filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products (“ETFs”) to retail investors for the period between January 2016 and April 2020. According to SEC, “The actions were filed … - NOTICE TO UPS EMPLOYEES WITH MERRILL LYNCH ACCOUNTS: Klayman & Toskes, P.A. Continues to Investigate and Pursue Claims on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies
02/02/2018
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate and pursue claims for current and former UPS (NYSE: UPS) employees with Merrill Lynch accounts, for losses sustained from unsuitable covered call writing strategies for concentrated UPS stock positions. K&T recently filed a claim against Merrill Lynch on behalf of … - NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing
05/05/2017
San Juan, Puerto Rico. May 5, 2017 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.sueubspuertorico.com, together with Carlo Law Offices, P.S.C. located in Puerto Rico, announced today that they filed a FINRA claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE: UBS) (collectively “UBS”) for $15 … - FINRA Bars Broker for Excessive Trading in Elderly Customer Accounts
05/02/2017
Released April 2017 Matthew Christopher Maczko (CRD #1888519, Downers Grove, Illinois) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Maczko consented to the sanction and to the entry of findings that he engaged in excessive trading in an elderly customer’s accounts. … - Department of Labor Fiduciary 60-Day Rule Delays Financial Industry Crunch Time
04/10/2017
The new Department of Labor (DOL) Fiduciary Rule that was enacted and scheduled to begin this month on April 10th has been postponed 60 days to June 9th. Brokerage Firms and Financial Advisors are responsible for compliance with the rules as they are now written. Keeping in mind that the requirements may be modified or eliminated … - Texas E&P Partners Expelled By FINRA for Misconduct Related to Chestnut Exploration Partners
03/30/2017
Released March 2017 Texas E&P Partners, Inc. fka Chestnut Exploration Partners, Inc. (CRD #127228 , Richardson, Texas) and Mark Allan Plummer (CRD #4608699 Richardson, Texas). The firm was expelled from FINRA® membership. Plummer was barred from association with any FINRA member in any capacity and ordered to pay $ 513,961, plus interest, in restitution to customers. The … - Broker Barred by FINRA for Excessive Trading in Client IRA Accounts
03/28/2017
Released March 2017 Richard Gomez (CRD #4727721, Jackson Heights, New York) submitted an AWC in which he was suspended from association with any FINRA member in any capacity for one year. In light of Gomez’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Gomez consented to the sanction and to … - NOTICE TO MORGAN STANLEY CLIENTS: Klayman & Toskes, P.A. Announces Investigation of Morgan Stanley Following $8 Million in SEC Fines for Exchange Traded Fund Violations
02/21/2017
New York, NY — February 21, 2017 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A.,(K&T) www.klaymantoskes.com, announces an investigation into sales practice violations by Morgan Stanley (NYSE:MS) following $8 million in fines levied by the Securities Exchange Commission (SEC) related to Exchange Traded Funds (ETFs). On February 14, 2017, the SEC imposed a … - NOTICE TO WELLS FARGO BROKERAGE CLIENTS: Klayman & Toskes, P.A. Launches Investigation into Wells Fargo Advisors’ Envision Investment Analysis Tool, Following $1 Million FINRA Fine for Failing to Supervise Client Presentation Reports
12/16/2016
New York, NY – December 16, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has launched an investigation into Wells Fargo Advisors, a wholly-owned brokerage dealer of Wells Fargo (NYSE:WFC), for Financial Industry Regulatory Authority (FINRA) sales practice violations for failing to supervise client presentation reports, including those generated by the firm’s Envision investment analysis tool. On … - NOTICE TO MERRILL LYNCH PUERTO RICO BOND AND BOND FUND INVESTORS: Klayman & Toskes, P.A. Continues to Investigate FINRA Arbitration Claims against Merrill Lynch for its Margin Lending Practices Related to Concentrated Investments in Puerto Rico Bonds and Bond Funds
12/05/2016
San Juan, Puerto Rico–December 5, 2016. The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate FINRA arbitration claims against Merrill Lynch, a subsidy of Bank of America, N.A. (NYSE:BAC), for its margin lending practices related to concentrated investments in Puerto Rico bonds and leveraged closed-end bond funds (CEBFs). The Financial Industry Regulatory Authority (FINRA) … - NOTICE TO MERRILL LYNCH CUSTOMERS – Klayman & Tokses, P.A. Announces Investigation into Merrill Lynch Loan Management Accounts in Light of FINRA Sanctions for $7 Million in Fines and Restitution Regarding US and Puerto Rico Clients
12/01/2016
New York, NY – December 1, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Merrill Lynch, a wholly owned brokerage firm of Bank of America (NYSE:BAC), for Financial Industry Regulatory Authority (FINRA) sales practice violations from its Loan Management Accounts (LMAs) following FINRA regulatory fines. Yesterday, FINRA accepted from Merrill Lynch an Acceptance Waiver … - FINRA Fines Broker for Excessive Commissions from Risky Trading Strategies
11/17/2016
Released November 2016 Lucas Dylan Lichtman (CRD #5542092, Nanuet, New York) submitted an Offer of Settlement in which he was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in any capacity for nine months. Without admitting or denying the allegations, Lichtman consented to the sanctions and to the entry of … - FINRA Fines Broker $219,000 for Private Placement Violations
11/14/2016
Thomas Edward Brenner Jr. (CRD #1489233, Orrville, Ohio) submitted an AWC in which he was assessed a deferred fine of $30,000, suspended from association with any FINRA member in any capacity for 16 months, and ordered to pay deferred disgorgement of commissions of $189,000, plus interest. Without admitting or denying the findings, Brenner consented to … - NOTICE TO CURRENT AND FORMER WELLS FARGO EMPLOYEES AND CUSTOMERS – Klayman & Tokses, P.A. Continues to Investigate Wells Fargo Cross Selling Incentive Programs Following Regulatory Probes
11/04/2016
New York, NY – November 4, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to inv estigate Wells Fargo (NYSE:WFC) and its broker dealer, Wells Fargo Advisors, for potential Financial Industry Regulatory Authority (FINRA) sales practice violations from its“cross selling” incentive programs. Yesterday, Wells Fargo reported in its SEC 10-Q filing, “the United States Department of Justice and the United States Securities and Exchange Commission, and state … - FINRA Fines Eight Firms a Total of $6.2 Million for Supervisory Failures Related to Variable Annuity L-Shares
11/03/2016
Released November 2, 2016 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined eight firms, including VOYA Financial Advisors, five broker-dealer subsidiaries of Cetera Financial Group, Kestra Investment Services, LLC, and FTB Advisors, Inc., a total of $6.2 million for failing to supervise sales of variable annuities (VAs). FINRA also ordered … - NOTICE TO WELLS FARGO AND MORGAN STANLEY CLIENTS – Klayman & Toskes, P.A. Investigates Cross Selling Incentive Programs Following FINRA Targeted Examination Letter to Brokerage Industry
10/31/2016
New York, NY – October 31, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an industry-wide investigation of brokerage firms into potential Financial Industry Regulatory Authority (FINRA) sales practice violations of “cross selling” incentive programs following targeted examination letter to member firms. According to FINRA, the Targeted … - SEC Bars LPL Financial advisor, Paul Lebel for Churning Client Mutual Fund Investments
10/24/2016
On October 18, 2016, the Securities Exchange Commission (SEC) barred LPL Financial advisor, Paul Lebel for churning and excessively trading mutual funds in customer accounts for the sole purpose of his own personal enrichment. The excessive trading, also known as “churning” occurred during the period from 2008 to 2014, “during his employment with LPL, he … - NOTICE TO WELLS FARGO BROKERAGE CUSTOMERS — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues Wells Fargo Advisors Investigation — California AG Issues Search Warrant
10/21/2016
New York, NY — October 21, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate Wells Fargo Advisors for potential Financial Industry Regulatory Authority (FINRA) sales practice violations following California’s Attorney General Office search warrant which seeks bank customer records, as reported by the Los Angeles Times. … - FINRA Sanctions Securities America for Not Offering Certain Clients Mutual Fund Discounts
10/18/2016
In September 2016, the Financial Industry Regulatory Authority (FINRA) sanctioned Securities America for Mutual Fund Sales Practice Violations. Securities America, Inc. (CRD #10205, La Vista, Nebraska) submitted an AWC in which the firm was censured and required to provide FINRA with a remediation plan to remediate eligible customers who qualified for, but did not receive, the … - Morgan Stanley Clients — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation into Morgan Stanley for Securities Violations Related to Solicitations for Portfolio Loan Accounts
10/14/2016
New York, NY — October 14, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by Morgan Stanley and its financial advisors after Morgan Stanley (NYSE:MS) was recently charged with “dishonest and unethical conduct” by the … - Wells Fargo Advisors Targeted by Plaintiff Attorneys
10/12/2016
Published by Financial Advisor IQ October 12, 2016 Allegations of improper cross-selling methods at Wells Fargo continue to spread into its advisor business following the retail bank’s settlement with and subsequent grilling by regulators. One law firm has launched an investigation into whether cross-selling practices at Wells Fargo Advisors broke Finra rules. Securities law firm Klayman & Toskes, … - Wells Fargo Brokerage Customer Alert — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation into Wells Fargo “Cross-Selling” Efforts for Violations of Securities Industry Regulations
10/10/2016
Boca Raton, Florida (Businesswire) – October 10, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by Wells Fargo Advisors and its financial advisors for activities similar to those recently reported in The Charlotte Observer. According … - Elder Financial Fraud Victims: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Expands Practice to Representation of Victims of Elder Financial Fraud
09/27/2016
Boca Raton, Florida (GLOBE NEWSWIRE) – September 27, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, expands its practice to include the representation of victims of elder financial fraud. According to the Department of Justice (“DOJ”), U.S. Attorney’s Office Elder Justice Task Force reports, “Speaking only of the financial … - PLATINUM PARTNERS LP INVESTOR ALERT – Notice to Investors Who Purchased Platinum Partners LP Hedge Funds through Financial Advisors and Brokerage Firms: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation
08/17/2016
New York, New York (Globe Newswire) — August 17, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by financial advisors and brokerage firms related to the Platinum Partners Value Arbitrage Fund and the Partners Credit … - METLIFE VARIABLE ANNUITY ALERT — Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation of MetLife Securities Misconduct in Light of $25 Million in Fines and Restitution Imposed By FINRA
08/12/2016
New York, New York (Globe Newswire) — August 12, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces investigation of MetLife Securities Inc. (“MetLife”) misconduct in light of $20 million in fines and $5 million in restitution imposed by the Financial Industry Regulatory Authority (FINRA), for violations related to variable … - Notice to Clients of Andrew Yocum and Morgan Stanley: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. has Commenced an Investigation in Light of Recent Regulatory Action Barring Andrew Yocum from Acting as a Broker
08/02/2016
New York (Globe Newswire) – August 2, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes¸ P.A. (“K&T”), www.klaymantoskes.com, has commenced an investigation in light of recent regulatory action barring Andrew Yocum (“Yocum”) from acting as a broker or otherwise associating with firms that sell securities to the public. The Financial Industry Regulatory Authority … - Notice to Merrill Lynch Customers Who Invested in Strategic Return Notes: SEC and FINRA Levy $15 Million in Fines for Failing to Disclose Material Facts in Sales of Structured Notes
06/23/2016
New York, NY, June 23, 2016 (GLOBE NEWSWIRE) – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announced today that it has expanded its investigation into Merrill Lynch’s (NYSE: BAC) sale of Strategic Return Notes. The SEC and FINRA have collectively levied $15 Million in fines against the firm for failing … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate and Pursue FINRA Arbitration Claims Against VSR Financial Services for Sales Practice Violations Related to Non-Traded Alternative Investments
04/06/2016
New York (Globe Newswire) – April 7, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”) www.klaymantoskes.com, announced today that it is continuing to investigate and pursue Financial Industry Regulatory Authority (FINRA) securities arbitration claims against VSR Financial Services (“VSR”) for sales practice violations related to solicited investments in non-traded alternative investments. … - Notice to Franklin Square Energy and Power Fund Investors: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Potential FINRA Sales Practice Violations by Brokerage Firms
04/06/2016
Boca Raton (Globe Newswire) – April 7, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces that it is conducting an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by brokerage firms for solicited investments in Franklin Square Energy and Power Fund (“FSEP”), a non-traded Business … - Correction – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Potential Sales Practice Violations by Cetera Advisors Related to Solicited Investments in Non-Traded REITs and BDCs
04/01/2016
New York (Globe Newswire) – April 1, 2016 – In a release issued under the headline “The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Cetera Advisors Sales Practice Violations Related to Solicited Investments in Non-Traded REITs and BDCs” on March 24th, 2016 by Klayman & Toskes P.A., please note that … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Cetera Advisors Sales Practice Violations Related to Solicited Investments in Non-Traded REITs and BDCs
03/24/2016
New York (Globe Newswire) – March 24, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory Authority (FINRA) sales practice violations by Cetera Advisors related to solicited investments in non-traded Real Estate Investment Trusts (“REITs”) and Business Development Companies (“BDCs”). According to K&T, the scope … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Sales Practice Violations of Brokerage Firms Related to Concentrated Positions in Energy Company Stocks Collateralized by Margin Loans
03/21/2016
Boca Raton, Florida (Businesswire) – March 21, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory (FINRA) sales practice violations of full-service brokerage firms related to the handling of client brokerage accounts with concentrated positions in energy company stocks collateralized by margin loans. … - Notice to All United Development Funding IV Investors with Losses in Excess of $250,000 from the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
03/02/2016
New York (Globe Newswire) – March 2, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, provides notice to all United Development Funding IV (NASDAQ:UDF) investors with full-service brokerage accounts. Class action lawsuits have been filed against company and its officers only. Investors with full-service brokerage firms should consider all investment … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Sales Practice Violations of Brokerage Firms Related to United Development Funding IV Non-Traded REIT and Initial Public Offering
02/26/2016
Boca Raton, Florida (BUSINESSWIRE) – February 26, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, launches an investigation into Financial Industry Regulatory Authority (“FINRA”) sales practice violations of brokerage firms related to United Development Funding IV (“UDF”) Non-Traded REIT and Initial Public Offering. In 2013, UDF was financed through … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate Sales Practices Violations Related to Credit Suisse X-Links and Velocity Shares ETNs
01/21/2016
Boca Raton, Florida (BUSINESSWIRE) – January 21, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, continues to investigate Financial Industry Regulatory (FINRA) sales practice violations related to Credit Suisse Securities USA (“Credit Suisse”) X-Links and Velocity Shares Exchanged Traded Notes (ETNs). Credit Suisse X-Links and Velocity Shares ETNs are issued … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate Sales Practices Related to UBS ETRACS ETNs
01/20/2016
Boca Raton, Florida (BUSINESSWIRE) – January 20, 2016 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.klaymantoskes.com, continues to investigate Financial Industry Regulatory Authority (FINRA) sales practice violations related to UBS Exchange Traded Access Securities (ETRACS) whose performance is linked to declining energy, currency and commodity markets. UBS Financial Services, Inc. (UBS), … - The Securities Arbitration Law Firm of Klayman & Toskes, PA Continues to Investigate UBS V10 Enhanced FX Carry Strategy Notes Following UBS Settlement with SEC for $19.5 Million
10/14/2015
Boca Raton, Florida (BUSINESSWIRE) October 14, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com announced today that it continues to investigate UBS Financial Services (UBS) in connection with the sale of senior unsecured notes, issued by affiliated banks of parent company UBS AG (NYSE: UBS). In response to a Securities … - The Securities Arbitration Law Firms of Klayman & Toskes, P.A. and Carlo Law Offices Announce Investigation of Santander Securities, LLC on Behalf of Puerto Rico Investors for FINRA Sales Practice Violations
10/13/2015
The Securities Arbitration Law Firms of Klayman & Toskes, P.A. and Carlo Law Offices Continue to Investigate Santander Securities, LLC on Behalf of Puerto Rico Investors for FINRA Sales Practice Violations San Juan, Puerto Rico (BUSINESSWIRE) – October 13, 2015 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.perdidasenbonospr/.com/en/, and Carlo Law Offices … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation into FINRA Sales Practices Violations Related to Credit Suisse X-Links and Velocity Shares ETNs
10/13/2015
Boca Raton, Florida (BUSINESSWIRE) – October 13, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory Authority (FINRA) sales practice violations by major Wall Street brokerage firms, including Credit Suisse Securities USA (“Credit Suisse”), related to Credit Suisse X-Links and Velocity Shares Exchanged Traded … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation into UBS ETRACS ETNs Linked to Declining Energy and Commodity Prices
10/09/2015
Boca Raton, Florida (BUSINESSWIRE) – October 9, 2015 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.klaymantoskes.com, announces an investigation into UBS Financial Services, Inc. (UBS), a wholly owned subsidiary of UBS Group A.G. (NYSE:UBS), for Financial Industry Regulatory Authority (FINRA) sales practice violations related to UBS Exchange Traded Access Securities (ETRACS) … - LPL Financial LLC Ordered To Pay Restitution To Investors and Fines To FINRA for Failure To Supervise Sale of Non-Traded REITs, Variable Annuities and Exchange Traded Funds
05/08/2015
Financial Industry Regulatory Authority (FINRA) sanctioned LPL Financial, LLC with fines of $10 million for, “broad supervisory failures in a number of key areas, including the sales of non-traditional exchange-traded funds (ETFs), certain variable annuity contracts, non-traded real estate investment trusts (REITs) and other complex products”. Additionally, FINRA ordered that $1.7 million in restitution be … - National Senior Investor Initiative Report Points To Need For Elder Financial Fraud Protection
05/01/2015
A recent report published by securities industry regulators concerning brokerage firm examinations in 2013 that led to important insights concerning brokerage firm sales practices directed towards senior investors. The information gathered from examinations conducted by SEC and FINRA regulators was published in the National Senior Investor Initiative Report which draws from detailed statistical analysis of … - Proposed Rule Change Protect Investors Retirement Funds From Abusive Brokerage Firm Sales Practices
04/21/2015
The proposed rule change proposed by the Department of Labor (DOL) are directed towards a multi-trillion dollar industry IRA Rollover industry from employer sponsored retirement plans to accounts held with brokerage firms. The new rule will afford IRA account holders the same protections when the funds were held in a company 401(k). For financial advisors … - Why Puerto Rico Investors Pursuit of Tax Free Income Led to Financial Ruin
04/16/2015
UBS Financial Services of Puerto Rico and its financial advisors have placed investors in great peril chasing tax-free income through investments in UBS Puerto Rico Family of Funds without regard to the risks and consequences of their investment advice. This lesson should have been learned by financial advisors during the mortgage meltdown. Before the credit … - What Legal Recourse Exists For Hedge Fund Investors In BlackGold Opportunity Fund LP?
04/10/2015
The collapse in oil prices has hit hard investment strategies focused on the oil and energy sector for many investors, both retail and high net worth, accredited investors. Accredited investors qualify to invest in BlackGold Opportunity Fund, LP through meeting minimum net worth and stated income requirements specified by the SEC Rule 506, Regulation D. … - Recent IBM Class Action Lawsuit Provides Investors Loss Recovery Options
03/27/2015
Recently, an IBM Class Action Lawsuit (Case No. 15-CV-01513) was filed in the United States District Court for the Southern District of New York for the class period from April 17, 2014 to October 17, 2014. These developments requires investors who acquired IBM stock (NYSE:IBM) through employment, inheritance or as a personal investment to consider … - The Securities Arbitration Law Firm of Klayman & Toskes, PA Investigates UBS Financial Services in Connection With the Sale of UBS V10 Enhanced FX Carry Strategy
02/27/2015
Boca Raton, Florida (BUSINESSWIRE) February 27, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com announced today that it is currently investigating UBS Financial Services (UBS) in connection with the sale of UBS V10 Enhanced FX Carry Strategy. UBS AG (NYSE: UBS) issued senior unsecured securities linked to the UBS …
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Featured Cases
- ATTENTION CROWN CAPITAL SECURITIES GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses
- UNITED PLANNERS GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages United Planners Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action
- SAGEPOINT FINANCIAL GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages SagePoint Financial Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action
- ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses
- NOTICE TO ROBINHOOD FINANCIAL LLC INVESTORS – KlaymanToskes is Pursuing Arbitration Claims for Robinhood Trading Restrictions
- NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing
- NOTICE TO UPS EMPLOYEES/SHAREHOLDERS: Klayman & Toskes, P.A. Files $1,000,000 FINRA Arbitration Claim on Behalf of Retired UPS Employee for Losses Suffered as a result of Merrill Lynch’s Unsuitable Recommendation to Invest in Rampart Strategy