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Claus C. Foerster, a former investment advisor for Morgan, Keegan & Company and Raymond James & Associates, Inc. has been banned from FINRA for running a $3 million Ponzi scheme. Foerster opened his own bank account under the name “S.G. Investments” and solicited clients at Raymond James to invest in S.G. Investments, representing it as …
Read More "WARNING! Impending Investigation–CLAUS C. FOERSTER and RAYMOND JAMES & ASSOC. and MORGAN, KEEGAN & CO."
Damien P. Alexander, Financial Network Investment Corporation, and Quest Securities, Inc. FINRA (the Financial Industry Regulatory Authority) has recently barred a former registered representative from Fair Oaks, California named Damien P. Alexander.  Damien Alexander was alleged to have sold unregistered securities to his clients and engaging in private securities transactions and purportedly undisclosed outside business …
Read More "WARNING! Impending Investigation–DAMIEN P. ALEXANDER and FINANCIAL NETWORK INVESTMENT CORP., and QUEST SECURITIES, INC."
Investment Losses with Timothy D. Burns – Purshe Kaplan Sterling Investments and CV Brokerage, Inc. In May 2013, the U.S. Attorney’s Office for the Eastern District of Pennsylvania filed an indictment against Timothy D. Burns of Phoenixville, Pennsylvania.  Timothy Burns was charged with mail and wire fraud, related to a scheme from 2007 to 2012 …
Read More "WARNING! Impending Investigation – TIMOTHY D. BURNS/PURSHE KAPLAN STERLING INVESTMENTS and CV BROKERAGE, INC."
Travis Wetzel and LPL Financial Investigation We are currently investigating allegations made against Travis Wetzel, a former LPL Financial advisor from Frederick, Maryland who was recently charged with misappropriating at least $1.2 million from an elderly client.  The U.S. Attorney’s office in Maryland indicted Wetzel with wire fraud charges, alleging that he withdrew money from …
Read More "WARNING! Impending Investigation–TRAVIS WETZEL and LPL FINANCIAL"
Have you invested in GWG Renewable Secured Debentures?   GWG Holdings, Inc. purchases life insurance policies on the secondary market, at a discount from the policy owner.  GWG then hopes to make a profit by collecting the face value of the policy when the insured passes away.  However, in order to finance the purchases of these …
Read More "WARNING! Impending Investigation – CENTER STREET SECURITIES and MICHAEL J. WURDINGER"
–IMPENDING INVESTIGATION WARNING!— INVESTMENT LOSSES WITH GARY SNISKY, DAVID J. BURCH, AND BRENDA RIDLEY Have you lost money in an investment operated by Gary Snisky from Longmont, Colorado? Gary Snisky operated a number of companies, including Colony Capital LLC, Colony Capital Holdings, Arete LLC, CMG Offering 12PO5i (or “CMG5”), CMG Offering 12PO10i (or “CMG10”), Summit …
Read More "WARNING! Impending Investigation – GARY SNISKY, DAVID J. BURCH, AND BRENDA RIDLEY"
We are investigating the sales practices of financial advisor Douglas S. Roberts of Idaho.  Roberts has been alleged to have steered his clients to invest in artwork through an individual named Marc Jenson. According to an investigation by the Idaho Department of Finance, Securities Bureau, Roberts solicited a number of Idaho residents to invest in …
Read More "WARNING! Impending Investigation – DOUGLAS S. ROBERTS and MARC JENSON"
February 13, 2014 By Trevor Hunnicutt Investmentnews.com Finra on Thursday advanced a revised proposal that would require brokerage firms to include a link on their websites and other online communications to BrokerCheck, the database that includes broker disciplinary records. The Financial Industry Regulatory Authority Inc. would require brokerage firms to display links to BrokerCheck, “on …
Read More "FINRA Seeks to Beef-Up Use of BrokerCheck"
Successful Outcome for the Tom Martino case on summary judgment: http://blogs.westword.com/latestword/2013/01/tom_martino_bankruptcy_settlement_negotiations_lawsuit.php?page=2