Morgan Stanley Pays $300,000 to Settle Jacob Cobby Shapira Complaint
According to records received by FINRA on January 11, 2022, Morgan Stanley has agreed to pay a $300,000 settlement to resolve a complaint related to Jacob Cobby Shapira (CRD 1890969). This is not the first complaint disclosed on Cobby Shapira’s securities license according to the Financial Industry Regulatory Authority. September 2021 $300,000 Customer Settlement Morgan […]
$2 Settlement Reached in Case Involving Merrill Lynch Advisor Jason Tarver
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
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
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
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
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?
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
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
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. Investors with questions should call MDF Law at 800-767-8040. Our law firm is investigating arbitration cases against the individuals who marketed […]
Chad White: Ex-Barrett & Company Broker Under Investigation
Providence based Barret & Co. Advisor Chad White under investigation and implicated in multi-million dollar customer dispute.