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Investment Adviser Fraud and Money Laundering MIDDLEBORO, MASSACHUSETTS Our law firm is continuing to look into allegations made against former LPL Financial advisor Paul R. McGonigle from Middleboro, Massachusetts. Paul McGonigle was previously barred from the securities industry by FINRA (the Financial Industry Regulatory Authority). On February 1, 2022, the U.S. Attorney’s Office for the…

GWG Holdings, Inc. has issued a number of bonds over the years, including the L Series. According to GWG’s website, the L Series of bonds is now paused. The L bond was purported to finance the purchase of life insurance policies on the secondary market. The bonds were highly speculative, in exchange for a high…

NEW YORK FINRA (the Financial Industry Regulatory Authority) barred Francis Cid also known as Frank Cid from the securities industry in January 2022. FINRA was investigating an entity that Cid controls, and FINRA had concerns that Cid was engaging in private securities transactions. Cid, who previously was affiliated with CBC Securities, refused to cooperate with…

EL DORADO HILLS, CALIFORNIA Our securities arbitration law firm is looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Michael Knittel. FINRA suspended Michael Knittel, who previously was affiliated with Fortune Financial Services, for four months regarding allegations that he sold investments in an LLC to four investors. The investment is believed…

STUART, FLORIDA JDN Capital is an LLC owned by Joshua D. Nicholas. JDN Capital was an entity registered with the National Futures Association (NFA), which purportedly engaged in futures trading. In 2021, the NFA reached a settlement with JDN Capital which barred JDN Capital from the futures industry regarding allegations that Nicholas converted or misappropriated…

MIAMI, FLORIDA German Nino is a former financial advisor with UBS Financial Services. On January 24, 2022, German Nino was charged with defrauding over $5 million from customers while working at a UBS branch office in Miami, Florida. The U.S. Attorney’s Office for the Southern District of Florida announced the criminal charges after Nino made…

CROWN POINT, INDIANA Randall Minas has been an advisor with Stifel Nicolaus from February 2017 to the present and has worked in an office in Crown Point, Indiana. According to the BrokerCheck database maintained by FINRA, Minas has been the subject of a customer complaint that was filed in Denver County District Court in Denver,…

Royal Alliance Associates Advisor Mark Young Subject of Two Seven-Figure Complaints TOPEKA, KANSAS The Law Firm of Israels & Neuman is reviewing claims made by former customers of Mark Young, a financial advisor with Royal Alliance Associates from Topeka, Kansas. According to FINRA’s BrokerCheck, Mark Young has been named in two customer complaints since August…

TOLEDO, OHIO Have you lost money with financial advisor Christopher Joseph, formerly with Royal Alliance Associates in Toledo, Ohio? Our securities and investment fraud firm is reviewing allegations made by FINRA against Christopher T. Joseph. FINRA began investigating Joseph regarding allegations that he sold $462,500 in convertible notes in a mobile application run by Joseph…

GIG HARBOR, WASHINGTON Have you lost money investing with financial advisor John Winslow, formerly with Edward Jones in Gig Harbor, Washington? Our law firm is looking into allegations made against John S. Winslow. Winslow was recently discharged by Edward Jones, regarding allegations that he received funds from a customer. The customer also filed a complaint…