Wray Rodgers Barred Over Alleged Misuse of Customer Funds
Wray Rodgers (CRD# 2842993), formerly a broker registered with Vining Sparks, allegedly refused to cooperate with an investigation into potential misuse of customer funds. This allegation can be found in his Financial Industry Regulatory Authority (FINRA) BrokerCheck profile, accessed on July 22, 2023. FINRA barred the former Memphis financial advisor over these and other allegations. […]
Investor Arbitration Concerning Randall Duggan Filed
Randall Duggan (CRD# 5559097), a broker registered with Moloney Securities, is involved in investor disputes, according to his BrokerCheck report. Published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 11, 2023, this record notes that Mr. Duggan is a financial professional based in Bellingham, Washington. Bond Disputes Allege Unsuitability, Negligence Three investors […]
Wealthforge Securities’s CCO Involved in $10 Million Due Diligence Complaints
James Raper (CRD# 5721253), a broker registered with WealthForge Securities, is involved in seven investor disputes, according to disclosures on his Financial Industry Regulatory Authority (FINRA) BrokerCheck report. Accessed on June 28, 2023, this record notes that the Richmond, Virginia representative is his member firm’s Compliance Officer. Investors Allege Due Diligence Failures, Negligence Between January […]
Attention Native American Energy Group Investors
On November 11, 2022, MDF Law filed an arbitration before the Financial Industry Regulatory Authority, or FINRA, on behalf of two investors in Native American Energy Group. The lawsuit is against the licensed broker-dealer that recommended the investment. The complaint alleges that the brokerage firm was negligent in hiring and supervising the salesperson who recommended […]
Did You Purchase GWG L Bonds from Sonny Thapar?
MDF Law is investigating Sonny Thapar (CRD # 2699306) of TFS Securities in New Jersey for recommending GWG L Bonds. Mr. Thapar, also known as Sarabjeet Thapar, also owns a company called Wealth Management Group of NJ. Portions of this article rely on Mr. Thapar’s public securities’ license, which was last reviewed on August 11, […]
Attorney: Crypto Theft Can be Traced Back to Sim Card Swap
T-Mobile, ATT&T, Metro PCS, Verizon and other mobile carriers could be liable for their customers’ stolen crypto if it can be traced back to a sim swap. The crime, known as SIM Swapping or SIM Hijacking impacts countless investors. If crypto was stolen because your mobile carrier provided your sim card to someone else – […]
Investor Lawsuits to Recover Business Development Company Losses
Non-traded Business Development companies, or BDCs, are a popular investment, but they carry significant risks for investors. Structured somewhat like a closed-end investment fund, BDCs are nonetheless publicly traded companies in themselves and are traded on public stock exchanges, such as Nasdaq. FS Energy & Power Fund is an example of a popular nontraded business […]
Investor Lawsuit Filed Against FAT Brands Inc.
A securities fraud lawsuit has been filed against FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) for potential securities violations on behalf of shareholders who purchased shares anytime during the period from December 4, 2017 through February 18, 2022. The release of potentially misrepresentative and misleading information, as well as failure to disclose material adverse […]
Securities Fraud Lawsuit Filed Against Telos Corporation (TLS)
A securities fraud lawsuit has been filed against Telos Corporation (NASDAQ: TLS) for potential securities violations on behalf of shareholders who purchased shares anytime during the period from November 19, 2020 through November 12, 2021. The release of potentially misrepresentative and misleading information, as well as failure to disclose material adverse facts to the public […]
How to Avoid Being the Victim of Securities Fraud
The COVID-19 pandemic exacerbated the problem of investment scams and securities fraud, particularly when aimed at older adults. There are many forms of investment fraud such as Ponzi schemes, promissory note fraud, romance fraud, real estate investment fraud, and other types of investment scams. Although it does help to know the different types of investment […]