Investment Fraud & Broker Misconduct Lawyers

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
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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
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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
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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
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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
400K

$

in penalties

$400,000

One Eddie Lyons Lawsuit Involved An 88-year-old Widow With Alzheimer’s Disease And Settled For $400,000

$5,000,000

Nearly 30 investors have asked a FINRA Arbitration Panel to hear their claims. These investors are estimating their losses at around $5 Million.

Broker Eddie Lyons
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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
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Bad Investment Recommendations?

Broker Misconduct

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

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Representative Cases

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

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

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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.

PWCK Law Firm: SOUTHEAST LOUISIANA FINANCIAL BROKERS SCAM MILLIONS FROM HARDWORKING RETIREES

SOUTHEAST LOUISIANA FINANCIAL BROKERS SCAM MILLION...

July 23, 2019

Brokers should be required to live up to their TV ads

Published by The HILL by Joe Peiffer 03/27/15 10:0...

July 19, 2019

Philly real estate investor Nicholas Schorsch, his former CFO and company settle with SEC for more than $60M

Published by The Philadelphia Inquirer by Erin Arv...

July 17, 2019

‘That’s not me!’ What happened when AXA played a recording in an arbitration

Published by Financial Planning/SourceMedia by Ann...

June 17, 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.

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

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News from the Frontlines

PWCK Law Firm: SOUTHEAST LOUISIANA FINANCIAL BROKERS SCAM MILLIONS FROM HARDWORKING RETIREES

Brokers should be required to live up to their TV ads

Philly real estate investor Nicholas Schorsch, his former CFO and company settle with SEC for more than $60M

‘That’s not me!’ What happened when AXA played a recording in an arbitration

Why Choose Peiffer Wolf Carr & Kane?

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

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