Articles Tagged with Charles Kenahan

Bull Bear Miller Stern Lawyers – 410-Law-Firm is currently investigating clients of Merrill Lynch and Charles Kenahan and Dermond Cavanaugh who are may be victims of, and suffered damages and losses, due to abuses such as churning, beach of fiduciary duty, overcharging , and unauthorized trading.

According to CNBC and other new outlets, the State of New Hampshire “is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading”, or what is commonly known as Churning.

This is the largest monetary sanction in New Hampshire history and proportedly the second largest FINRA settlement in at least a decade.

Bull BearThe Law Offices of Daniel J. Miller and Miller Lawyers, a Maryland Securities and Broker Fraud Law Firm is currently investigating allegations by all clients of  J.P. Morgan Securities and Advisor Antine Souma relating to failure to supervise, unsuitable trading and discretionary trading allegations.  J.P. Morgan Securities has paid $14 million to settle a claim that, among other things, it failed to supervise Antoine Souma, CRD#: 4210987 , according to regulatory filings.

The client alleged that over approximately three years, Souma engaged in excessive and unsuitable trading, discretionary trading, falsified performance reports, failed to extend a promised credit line, breach of fiduciary duty, misrepresentation and omission of material facts, breach of contract, constructive fraud, failure to supervise, violation of state and federal securities laws and FINRA rules, and promissory estoppel, according to BrokerCheck.

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