Peiffer Wolf and Meyer Wilson File Complaints on Behalf of 91-Year-Old Florida Widow and Retired Russian Emigre Couple in Oregon; Scores of Financial Advisors and Brokerages Face Heat on $160 Million in Commissions on Unsuitable Investments. NEW YORK CITY — September 18, 2019 — The beleaguered...
GPB - David Rosenberg | Boston Business Journal | Hilary Burns | Sep 18, 2019, 5:17am EDT David Rosenberg, longtime CEO of Prime Automotive Group, left the company abruptly on Monday, two months after accusing the investment firm that owns his company of financial misconduct. GPB Capital...
GPB | Published by Investment News | By Bruce Kelly | Sep 12, 2019 @ 1:31 pm --- After raising $1.8 billion, GPB fails to deliver information to investors GPB Capital has recently been telling the 60 or so broker-dealers that sold $1.8 billion of high-risk private placement to...
REIT | Published by Investment News | By Bruce Kelly | Sep 9, 2019 @ 5:53 pm --- Mr. Schorsch's firm, American Realty Capital, will kick in $225 million as part of the settlement The company formerly known as American Realty Capital Properties Inc., a real estate investment trust...
Published by CNBC by Dawn Giel PUBLISHED FRI, JUL 19 2019 10:54 AM EDT --- Bank of America Merrill Lynch has paid a hefty $40 million to settle “churning” allegations involving a former broker, according to filings and sources familiar with the case. It’s the largest such settlement in at...
Published by The HILL by Joe Peiffer 03/27/15 10:00 AM EDT --- The “fiduciary duty” of financial professionals sounds like some hopelessly dry and technical legal concept. But it isn’t. When I hear that phrase, I think about the New York retiree who lost 75 percent of the life...
Published by The Philadelphia Inquirer by Erin Arvedlund Updated: July 16, 2019- 4:36 PM --- The Securities and Exchange Commission on Tuesday settled with AR Capital, its founder Nicholas S. Schorsch, and former CFO Brian Block for more than $60 million to resolve charges ranging from defrauding investors to...
Published by Financial Planning/SourceMedia by Ann Marsh June 13, 2019 --- ‘That’s not me!’ What happened when AXA played a recording in an arbitration The attorneys for AXA Advisors thought they were about to catch James and Sandra Fitzpatrick flat-footed, but it actually proved to gotcha moment for the Fitzpatricks...
Clear Attempt to Chill Public Discussion: Threatening Letter Issued by AXA in Immediate Wake of News Conference Announcing Unprecedented $3.2 Million Award to Retired Whitesville, NY Egg Farming Couple; Victims and PWCK Law Firm Refuse to Let Intimidation By AXA Go Unchallenged. -- ROCHESTER, N.Y. – May...
Published by Ignites.com By Jill Gregorie May 3, 2019 --- Axa Advisors must pay $3.2 million to elderly egg farmers who claim they were sold unsuitable variable annuities and life insurance policies by a Rochester, N.Y.-based broker between 2011 and 2014, a Finra arbitration panel decided last week. James and...
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