$2 Settlement Reached in Case Involving Merrill Lynch Advisor Jason Tarver

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Jason Tarver (CRD #: 2569913), a broker registered with Merrill Lynch, Pierce, Fenner, & Smith, was involved in a dispute that settled for $2 million, according to his BrokerCheck record, accessed on January 10, 2022. Investors Case Against Merrill Lynch Settled for $2 Million On December 30, 2020, an investor alleged that Jason Tarver recommended […]

How to Read and Understand a SEC Form 8-K as a Shareholder

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Publicly reporting companies must fill in an SEC Form 8-K—also known as a “current report”—disclosing any major events of shareholder interest. These current reports are in addition to the obligatory quarterly (Form 10-Q) and annual (Form 10-K) reports. Form 8-Ks must usually be filed within 4 days of any significant event that triggers the filing […]

Ten Largest Ponzi Schemes in History

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A Ponzi scheme is defined as an investment fraud where the operator generates returns for older investors through revenue paid by new investors rather than from legitimate business activities or profit of financial trading. People are lured into these schemes with the promise of high returns in a short amount of time. It’s hard to […]

Geneos Advisor Involved in $1 Million Investor Complaint

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Richard Braverman (CRD #: 1023227), a broker registered with Geneos Wealth Management, is involved in a $1,000,000 investor dispute, according to his BrokerCheck record, accessed on November 24, 2021. He also offers advisory services through Braverman Financial Associates. “Suitability” refers to the FINRA requirement that brokers only recommend investments that fit their financial goals and […]

Former SunTrust Advisor Involved in Complaint over Northstar Financial

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Stephen Berrocal (CRD #: 3071400), a broker registered with Truist Investment Services, is involved in multiple disputes concerning Northstar, according to his BrokerCheck record, accessed on November 24, 2021.   Northstar Financial Services (Bermuda) Ltd. According to FINRA, investors filed various complaints involving the suitability of Northstar Financial Services (Bermuda) Ltd. FINRA defines “suitable” investments […]

Does FINRA’s BrokerCheck Protect Investors from Bad Financial Advisors?

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Most financial advisors are likely honest and hardworking.  Unfortunately, there is a statistically small number of “bad actors” in the industry. If you don’t check your advisor’s record, you might be unknowingly working with one of these problem individuals.  FINRA BrokerCheck: A Potential Solution? The Financial Industry Regulatory Authority, known as FINRA, is a private […]

TCA Fund Management, Bob Press and Others Charged by SEC

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In the ongoing probe related to the fraudulent activities of TCA Fund Management, the Securities and Exchanges Commission (“SEC”) announced further charges for the former executives of the firm.  On September 30, 2021 the SEC charged Robert Press, the former CEO of the advisory firm TCA Fund Management Group Corp., and Donna Silverman, TCA’s former […]

Nelson Partners Skyloft Investors Scramble to Recover $74 Million

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Investors in Nelson Partners Skyloft, a luxury student housing complex near the University of Texas, are looking to recover $74 million following the sale of the building by a hedge fund called Axonic Capital. NP SkyLoft is an Illiquid Private Investment NP Skyloft Equity is a private placement, which means it does not trade on […]

Free Resources for Victims of Securities Fraud

Free Resources for Victims of Securities Fraud

The United States Securities and Exchange Commission offers free resources for victims of securities fraud, including a free securities attorney. Due to these securities-related crimes, many investors lost money and investments. In some circumstances, victims may be able to recover some of the money they lost. At the same time, some investors may be unable […]