Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse, and past clients of Ignacio Erhart Del Campo CRD#6084596, for, among other things, unauthorized trading and discretionary trading without written authority.

FINRA has recently fined and suspended a broker for trading in one of his customer’s non-discretionary accounts for five-and-a-half years without the customers written permission, however the worst of errors was his failure to realize that the client had been dead for two of those years, according to Advisor Hub.

Ignacio Erhart Del Campo CRD#6084596, who worked at Miami-based independent broker Insigneo Securities and predecessor firm Northeast Securities in Montevideo, Uruguay, agreed to a conditional $7,500 fine and reimbursement to the client’s estate of $19,189 for losses and commissions, along with a two-month suspension from the brokerage industry, according to a letter of acceptance, waiver and consent Finra’s enforcement department accepted on Wednesday, according to FINRA.

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Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse, and past clients of Marcus Boggs, for, among other things, fraud.

A former Merrill Lynch broker in Chicago pleaded guilty to wire fraud on Friday, admitting he stole more than $3 million from multiple clients for personal expenses, including luxury hotel stays and expensive meals, according to public documents.

Marcus Boggs, CRD#5055667, who spent his entire 12-year brokerage career with Merrill, entered the plea during a virtual hearing before U.S. District Judge Mary M. Rowland in the Northern District of Illinois. He faces a maximum sentence of 20 years for wire fraud, according to the agreement.

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Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse, and past clients of Trevor Rahn, for, among other things, failing to conduct the necessary reasonable diligence to understand the cost implications of a recommended average pricing investment strategy and, as a result, lacked a reasonable basis to recommend the strategy to his customers..

FINRA has fined and suspended a former J.P. Morgan Securities broker in Los Angeles who was previously fired over “improper” trading and whose transactions in one elderly client’s account were highlighted in two articles in “The New York Times.”, according to FINRA documents.

Trevor Rahn CRD#: 2196155, a 26-year brokerage industry veteran, agreed to an 18-month suspension and $10,000 fine over allegations that he structured trades to generate unnecessary commissions and made a number of unauthorized trades in client accounts from January 2014 to September 2018, according to FINRA documents.

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Miller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse.

According to Advisors Hub and other sources, a pair of former J.P. Morgan Securities brokers have asked a court to nullify a high profile $19 million award issued last month by a Financial Industry Regulatory Authority arbitration panel.

A motion to vacate in U.S. District Court in the Southern District of Florida was filed alleging that the arbitration process “broke down” over the 43 hearing sessions as the arbitrators dozed off, failed to address a potential conflict and declined to admit an allegedly key piece of video evidence.

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Miller Stern Lawyers – 410-Law-Firm is currently investigating for clients of  Darryl M. Cohen CRD:2786613 and any individual who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments and failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading

According to Advisor Hub and other sources, Professional basketball player Chandler Parsons has allegedly brought a claim for approximately $5 million in damages against Morgan Stanley Wealth Management, according to regulatory records.

According to the public records, Parsons, a former Atlanta Hawks player, filed the claim in arbitration with the Financial Industry Regulatory Authority in January of this year, according to a copy of the Central Registration Depository record for his broker, Darryl M. Cohen CRD:2786613.Claimants

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Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating for clients of former Morgan Stanley broker Barry F. Connell and all firms and broker dealers who may be victims of, and suffered damages and losses, due to abuses such fraud, mutual fund abuses, unsuitable mutual fund investments and failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading.

Securities and Exchange Commission closed its case against a former Morgan Stanley broker who served prison time, barring him from the securities industry after ensuring that he has repaid more than $5.1 million stolen from customers, according to FINRA.

Connell pled guilty in December 2018 to stealing the money between 2015 and 2016, spending the $5 million to support his “lavish lifestyle,” according to the SEC. He perpetrated the fraud by moving funds among client accounts and using falsified wire transfer forms and checks.

Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating clients of  Ex Ameriprise Broker Angel Bardeche CRD4698117 and all firms and broker dealers who may be victims of, and suffered damages and losses, due to abuses such as flipping “A” Shares, mutual fund abuses, unsuitable mutual fund investments and failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading.

Financial Industry Regulatory Authority has fined and suspended a former Ameriprise Financial broker in Cincinnati, Ohio, who allegedly generated $450,000 in commissions from unsuitable mutual fund switches over two years, according to FINRA and Advisor Hub.  Ms. Bardeche agreed to a nine-month suspension and $10,000 fine as well as $5,000 in disgorgement to resolve Finra’s allegations of costly mutual fund trading, according to a letter of settlement.

Between January 2017 and March 2019, Bardeche recommended 112 short-term ‘switches’ of Class A mutual funds in 32 customer accounts, Finra said. Class A funds carry large up-front sales charges and “are generally only suitable as long-term investments.”

Bull BearMiller Stern Lawyers – 410-Law-Firm is currently investigating clients of Transamerica and all firms and broker dealers who may be victims of, and suffered damages and losses, due to abuses such as failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading.

As posted from FINRA.ORG

“Firm Ordered to Pay $4.4 Million in Restitution to Approximately 2,400 Affected Customers

Bull BearFINRA’s ongoing campaign to rein in alleged sales abuses involving short-term trading of unit investment trusts in customer accounts has led a 23-year veteran advisor to accept a $10,000 fine and three-month suspension.

Miller Stern Lawyers – 410-Law-Firm is currently investigating clients of Stifel Nicolaus and all firms and broker dealers who may be victims of, and suffered damages and losses, due to abuses such as short-term trading of unit investment trusts, breach of fiduciary duty, overcharging , and unauthorized trading.

cropped-High-Res-TA-2018-2019-284x300FINRA fined a small independent broker-dealer in California $35,000 for failing to adequately conduct background investigations on registered reps and for failing to obtain regulatory pre-approval for a seven-month growth spurt, according to Advisor Hub.

Infinity Financial Services, an Oakland, CA-based firm founded 13 years ago by a former Merrill Lynch broker, failed to contact former employers and had no procedures for conducting searches of public records, according to an “acceptance, waiver and consent letter” it signed with Finra.

It hired as many as 16 registered reps over three years through April 2017 without searching their Central Registration Depository records, including five who had pending bankruptcies, judgments and tax liens that Infinity failed to detect, Finra said.

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