SEARCH OUR BLOGS
21
Jul

UPDATE–Continuing Investigation Developments: GWG RENEWABLE SECURED DEBENTURES and JON R. SABES and STEVEN F. SABES

Further Investigation Into GWG Renewable Secured Debentures Have you invested in GWG Renewable Secured Debentures?  We have previously written a couple of blog entries regarding actions bought by the Financial Industry Regulatory Authority (FINRA) against financial advisors who recommended that their clients invest in GWG debentures.  GWG Holdings, Inc. purchases life insurance policies on the …
Read More "UPDATE–Continuing Investigation Developments: GWG RENEWABLE SECURED DEBENTURES and JON R. SABES and STEVEN F. SABES"
14
Jul

WARNING! Impending Investigation–DENNIS KARASIK and DIVERSIFIED ENERGY GROUP

Dennis Karasik and Diversified Energy Group We are currently investigating allegations made against Dennis Karasik of Parkton, Maryland.  Dennis Karasik was recently barred from the securities industry by FINRA, the Financial Industry Regulatory Authority.  FINRA alleged that Dennis Karasik recommended that his clients invest in bonds offered by Diversified Energy Group, a purported oil and …
Read More "WARNING! Impending Investigation–DENNIS KARASIK and DIVERSIFIED ENERGY GROUP"
9
Jul

FRAUD WARNING! JEFFREY GAINER, JERRY CICOLANI, KELLY HOOD and KGTA PETROLEUM

KGTA Petroleum, Jeffrey Gainer, Jerry Cicolani, Kelly Hood, and PrimeSolutions Securities Have you lost money in KGTA Petroleum?  We are currently investigating allegations made by the Securities and Exchange Commission regarding Akron, Ohio-based KGTA Petroleum.  The SEC alleges that Jeffrey Gainer, Jerry Cicolani, and Kelly Hood made recommendations to their clients to invest in KGTA …
Read More "FRAUD WARNING! JEFFREY GAINER, JERRY CICOLANI, KELLY HOOD and KGTA PETROLEUM"
8
Jul

WARNING! Impending Investigation–MARK S. GARRISON and NY LIFE SECURITIES

Mark Garrison and NY Life Securities We are currently investigating allegations made against Mark S. Garrison of Greenville, South Carolina.  Mark S. Garrison was a registered representative and financial advisor of NY Life Securities in its Greenville, South Carolina office, from 1989 to April 2012. Mr. Garrison was recently suspended for 14 months and fined …
Read More "WARNING! Impending Investigation–MARK S. GARRISON and NY LIFE SECURITIES"
7
Jul

WARNING! Impending Investigation–MICHAEL M. WARD and GWG RENEWABLE SECURED DEBENTURES

Investigation of Michael M. Ward and GWG Renewable Secured Debentures Have you invested in GWG Renewable Secured Debentures through 79 Capital Securities and Michael M. Ward?   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 …
Read More "WARNING! Impending Investigation–MICHAEL M. WARD and GWG RENEWABLE SECURED DEBENTURES"
1
Jul

WARNING! Impending Investigation–ROBERT L. DREW and LPL FINANCIAL

Robert L. Drew and LPL Financial On June 25, 2014, FINRA (the Financial Industry Regulatory Authority) barred a former LPL Financial advisor named Robert L. Drew.  Robert Drew failed to appear for an on-the-record interview with FINRA regarding an investigation of unsuitable trading in Drew’s customer accounts.  Because he failed to appear for the interview, …
Read More "WARNING! Impending Investigation–ROBERT L. DREW and LPL FINANCIAL"
23
Jun

WARNING! Impending Investigation–CLAUS C. FOERSTER and RAYMOND JAMES & ASSOC. and MORGAN, KEEGAN & CO.

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."
11
Jun

WARNING! Impending Investigation–DAMIEN P. ALEXANDER and FINANCIAL NETWORK INVESTMENT CORP., and QUEST SECURITIES, INC.

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."
6
Jun

WARNING! Impending Investigation – TIMOTHY D. BURNS/PURSHE KAPLAN STERLING INVESTMENTS and CV BROKERAGE, 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."