Investment Fraud & Broker Misconduct Lawyers

160M

$

in Commissions

$1.8 Billion

Amount claimed to have been raised through brokerage firms from investors in waste management & car dealerships.

GPB Capital Holdings
LEARN MORE
February 2019

The FBI and NYC Business Integrity Commission made an unannounced visit to GPB's office in New York.
450K

$

in penalties

$461,377.15

Awarded to Elizabeth Jachles (“Libby”), a retired Brighton teacher, $461,377.15 to be paid by American Portfolios Financial Services, Inc.

$300,000

Harbor Capital made close to $300,000 off of Libby. Basically, the investment strategy benefited everyone except Libby, the investor taking the risks.

Harbor Capital Advisors
LEARN MORE
3.2 M

$

in penalties

$3.2 Million

Awarded $3.2 million to an Upstate NY egg-farming family swindled in a Variable Annuity and Life Insurance scheme promoted by a former AXA financial advisor.

$600,000

FINRA has since fined AXA Advisors $600,000 and ordered them to pay $172,000 in restitution for distributing junk bonds.

AXA Advisors
LEARN MORE
150M

$

in total losses

$35,300,000

300 client accounts managed by OptionSellers fell below minimum margin requirements. INTL FC Stone is now seeking an additional $35.3M

Unlimited Client Exposure

The exposure to losses from these customer accounts is not yet determinable, as collection efforts are in early stages, given the timing of events that led to the receivable balances

OptionSellers.com & INTL FC Stone
LEARN MORE
100M

$

investment fraud

183%

Many states across the country ordered FIP to cease operations and repay collected interest charges for “operating illegally in the state” and charging customers up to 183% interest.

3,000 Investors

Brokers, financial advisers, financial planners and insurance agents are being sued for an alleged investment fraud that wiped out around 3,000 investors.

Future Income Payments
LEARN MORE
12B

$

in real estate assets

Filed a complaint on behalf of investors against Cole III and certain of its affiliates, directors, and principals. Allegations of “internalization” transactions detrimental to Cole III REIT shareholders.

$12,000,000,000

Cole III REIT is a leading real estate investment trust that manages more than $12 billion in real estate assets across the country.

Cole III Real Estate Investment Trust
22M

$

in penalties

$22,000,000

One of the largest awards ever made in an NASD arbitration, on behalf of 32 Exxon Mobile retirees.

32 Retirees

This victory was covered extensively by the media, including The Wall Street Journal, Associated Press, and Reuturs.

Securities America & David McFadden
240M

$

action rate securities

$240,000,000

Represent the LA Stadium and Exposition District and the State of LA with claims for losses relating to $240M in auction rate securities issued by LSED.

$13,000,000

LSED and the State asserted claims for losses as a result of the collapse of FGIC’s credit rating, which rendered their $13M credit enhancement and bond insurance policy worthless.

Merrill Lynch & Financial Guaranty Ins. Corp.
200K

$

in penalties

$200,000

fined for recommending the purchase of a security without reasonable grounds to believe that the transaction was suitable for the customer.

$499,000

fine levied against Dutton’s prior employer (Newbridge Securities) is solely for the failure to reasonably supervise Dutton.

Broker Austin Dutton
LEARN MORE

Bad Investment Recommendations?

Broker Misconduct

We seek compensation on behalf of individual investors who lost their savings because of their brokers’ misconduct or fraud.

Explore

Our Victories

Representative Cases

We represent public investors in securities litigation and FINRA arbitration, including disputes with their stockbrokers.

Explore

We Fight for You

Contact Us

We have helped thousands of investors across the country and around the world in cases arising out of investment fraud.

Explore

How to spot a Bad broker?

We have helped thousands of investors, as well as municipalities and charities, that have suffered substantial losses because of questionable investment advice, misconduct, securities law violations, and fraudulent investment practices or products. We have experience prosecuting international cases and have had a considerable number of clients around the world.

Nearly $320,000, Maserati and Silverado seized from Black Harbor firm’s founder and wife

Black Harbor | The Greenville News | Kirk Brown, ...

November 8, 2019

‘Everybody got money except me:’ How alleged benefits scams duped investors

FIP Lawsuit | The Greenville News | Kirk Brown, a...

November 8, 2019

Class Action Alleges GPB Operated as a Ponzi Scheme

GPB Class Action | The DI Wire| November 7, 2019 ...

November 8, 2019

Ties to Russian Organized Crime Alleged in Blockbuster New Lawsuit Against Scientologist-Owned GPB Capital

GPB Lawsuit | Scientology Money Project | Novembe...

November 8, 2019

SECURITIES LAWYERS

Why Choose Peiffer Wolf Carr & Kane?

Peiffer Wolf Carr & Kane has the size, experience, resources, leverage, and manpower to prosecute complex cases against both brokers and major corporations nationwide. We attribute our history of success to the sophistication, experience, and professionalism of our widely respected lawyers.

About the Firm

Victim of Investment Fraud or Broker Misconduct? We Fight for You.

Contact an Attorney

Bad Investment Recommendations?

Broker Misconduct

Our Victories

Representative Cases

We Fight for You

Contact Us

How to spot a Bad broker?

News from the Frontlines

Nearly $320,000, Maserati and Silverado seized from Black Harbor firm’s founder and wife

‘Everybody got money except me:’ How alleged benefits scams duped investors

Class Action Alleges GPB Operated as a Ponzi Scheme

Ties to Russian Organized Crime Alleged in Blockbuster New Lawsuit Against Scientologist-Owned GPB Capital

Why Choose Peiffer Wolf Carr & Kane?

Victim of Investment Fraud or Broker Misconduct? We Fight for You.

PWC&K Main Office

Current Case News

Contact Us