German Nino (CRD # 2653707), a broker and investment adviser formerly associated with UBS Financial, was arrested on allegations of stealing approximately $5.8 million from one of a long-standing client. Nino was previously registered with UBS in Mimami from July 2012 until August 2020. The Securities and Exchange Commission (“SEC”) and the U.S. Attorney’s Office […]
Members of Morgan Stanley’s Meridian Wealth Group are involved in a $15 million dispute according to FINRA. The members, Christopher McCaffrey (CRD# 2735236), Elizabeth Layne (CRD# 4497721), Michael Spector (CRD# 2857657), and Michael Wagner (CRD# 4465334) are all involved in the same dispute. According to their Financial Industry Regulatory Authority BrokerCheck reports, accessed on December […]
In our previous article on options, we discussed options strategies in depth and explained what a spread is. If you are already familiar with options spreads, we can now look into more advanced options strategies, specifically, butterfly spreads and protective collars. What is a butterfly spread? The butterfly spread is thought to take its name […]
Our law office is investigating arbitration cases against the financial advisors who marketed deeproot Funds to investors. If you or someone you know invested in a deeproot fund, including 575 fund or dGRD, please call us at 800-767-8040 for a free and confidential consultation. What is the lawsuit about deeproot Funds about? On August 20, […]
There are several ways that a financial advisor commission is charged. There is no perfect structure for financial advisor commissions or fees. Each has its pros and cons, and some are better suited to certain types of investors than others. What are wrap fees? AUM fees, also known as wrap fees, are charged as a […]
Michael Shillin, a broker and financial investment advisor formerly associated with Alliance Global Partners (A.G.P.) and Raymond James Financial Advisors, has been indicted on 9 counts of wire fraud and 1 count of bank fraud. Through his financial advisory firm Shillin Wealth Management (SWM), Mr. Shillin is alleged to have engaged in a scheme to […]
In February 2021, the New York State Attorney General Letitia James filed suit against GPB Capital Holdings LLC and five other co-defendants for allegedly engaging in a Ponzi-like scheme that defrauded investors out of hundreds of million, and New York investors of more than $150 million. Separate yet simultaneous suits have also been filed against […]
From puts and calls to iron condors and butterflies, options strategies can be highly complex and the losses unlimited. Options trading is a hot topic these days, with some young traders making a killing on options on GameStop, AMC and other popular stocks. People are seeing that fast money can money can be made this […]
Investors can pursue fraud, suitability and negligence cases through FINRA against their financial advisors.
Investors in mutual funds should be aware of common fraudulent practices, including annuity switching.