FINRA Announces Investigation into James Stuart of Richfield Orion International

LPL Financial Fined Over Advisor's Fraud

On October 27, 2022, FINRA announced that it was recommending disciplinary action against James Stuart (CRD 3022149) of Richfield Orion International in Castle Rock, Colorado.  The actions related to excessive trading in customer accounts.  If you or someone you know lost money investing with James Stuart of Richfield International, please contact our law office at […]

FINRA Releases Information about Recent Broker Terminations

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MDF Law is investigating the terminations for cause of the following individuals: Chip Wodrich (formerly of Honor Townsend & Kent), Robert Mehlin (formerly of Coastal Equities, Inc.), Dusty Sternadel (formerly of Ameriprise Financial Services), Gary Chang (formally of Morgan Stanley), Brent Hablutzel (formally of Rockefeller Financial), Chad Barancyk (formally of Great Point Capital), Daniel Ballister […]

Fariba Madison Involved in Investor Complaint over GWG L Bonds

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We are investigating Fariba Madison (CRD #1178259) for sales practice violations related to the marketing of GWG L Bonds. Ms. Madison is currently registered with Western International Securities in Los Alamitos, California. The information contained in this article is based on disclosures contained on her public securities license as well as other information. The public […]

Arbitration Complaint Filed Against Morgan Stanley Concerning Shawn Good

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MDF Law announces the filing of an arbitration complaint against Morgan Stanley concerning the negligent supervision of North Carolina broker Shawn Good.  The arbitration was filed before the Financial Industry Regulatory Authority, or FINRA, and was assigned case number 22-00944. If you or someone you know was a victim of Shawn Good, please call attorney […]

Recovery Options for Clients of Philip Riposo & Riposo Asset Management

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On March 3, 2022, Philip Riposo was fired from United Planners’ Financial Services for allegedly falsifying account statements and other documents related to Riposo Asset Management.   According to records accessed from FINRA on April 20, 2022, Mr. Ripsos was terminated for admitting to creating and providing clients with fake account statements from “Zurich Kemper Investments.”  […]

FINRA Rule 2165: Protecting Seniors by Freezing Assets

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In 2018, FINRA adopted FINRA Rule 2165 to combat extremely high incidences of elder financial abuse. In 2020, Elder Fraud claimed over 100,000 victims, summing up to losses of nearly $1 billion. According to a report by the Internet Crime Complaint Center (IC3), the 60+ demographic was hit the hardest, both in the number of […]

Investment Losses and Taxes: What Investors Need to Know for 2022

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Monday April 18, 2022 is right around the corner and many investors are considering how to treat their 2021 investment losses, especially from ponzi schemes, for tax purposes.  The following is an educational reference, which should not take the place of professional advice. Investment Losses Caused by Ponzi Schemes Fortunately, the tax code does provide […]

Risky Option: Did Your Advisor Tell You the Risks About Covered Calls?

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Covered calls are a way for investors to potentially earn money from stock they already own or which they are intending to buy, in addition to any dividends, or gains from underlying stock price increases. Covered call options can offset the initial cost of buying the stock in the first place. If you are not […]

Securities Fraud Lawsuit Filed Against Cabaletta Bio, Inc. (CABA)

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A securities fraud lawsuit has been filed against Cabaletta Bio, Inc. (NASDAQ: CABA) for potential securities violations on behalf of shareholders who purchased shares anytime (i) pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted on or about October 24, 2019; and/or (ii) between October 24, 2019 […]

FINRA Arbitration Statistics for 2021: Deck Continues to be Stacked Against Investors

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FINRA—the Financial Industry Regulatory Authority—is a private, self-regulatory organization that regulates brokerage firms, financial advisors, and advisory firms. FINRA offers arbitration and mediation services for investors who seek assistance with some registered member that they feel has violated FINRA’s code of conduct. FINRA maintains a public record of financial advisor and brokerage disciplinary actions and […]