A group of former clients of a New London investment manager say Fidelity should cover some of their losses, accusing the brokerage firm of missing a series of red flags in his trading activity. The investors allege that Thomas Chadwick, a longtime Upper Valley investment manager...
Four ex-clients of former New London-based financial advisor Thomas Chadwick, who was ordered to pay more millions in restitution to investors — including many on fixed incomes — who lost money on high-risk investments, have filed a claim against Fidelity Brokerage Services saying the firm...
A group of former clients of a New London investment manager say Fidelity should cover some of their losses, accusing the brokerage firm of missing a series of red flags in his trading activity. The investors allege that Thomas Chadwick, a longtime Upper Valley investment manager...
Many of Thomas Chadwick’s Clients Were Fixed-Income Retirees in New Hampshire and Vermont; Dozens of Additional Victims Could Take Action Over Fidelity’s Supervisory Failures. CONCORD, NH – JANUARY 29, 2025 – Former clients of the investment advisor Thomas Chadwick brought a major action against Fidelity Brokerage...
Law360 (October 29, 2024, 9:26 PM EDT) -- A New York federal judge has given his preliminary blessing to a settlement worth up to $9 million resolving a class action by Yieldstreet investors who accused the online platform of offering "riskier-than-junk-bond investments" to the public...
Nine months after FINRA began a process to publicly label firms as ‘restricted’ if they or their brokers had a significant history of misconduct, no firms have received that scarlet letter, according to a review of the regulator’s BrokerCheck database. FINRA’s Rule 4111, which created the...
The U.S. Department of Labor on Tuesday said it has finalized a fiduciary rule governing retirement accounts that will close loopholes and widen the swath of financial advisors who must put their clients interests ahead of commissions or face penalties and restitution. The final rule, which...
When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesman. But many people don’t realize that the rules financial professionals must follow...
Some financial advisors did not get a lot of love from the White House bully pulpit on Tuesday when President Joe Biden rolled out the Department of Labor’s newly proposed fiduciary rule governing retirement accounts. The proposed rule would “close loopholes” and impose a requirement that...
Many investors are facing investment losses and tax penalties due to the bad advice to invest in a Conservation Easement. However, Financial Advisors have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their clients. If you are currently being...
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