888-923-9223Menzer & Hill, P.A. is investigating claims involving Peter Bulkeley Brainard Jr. (CRD #2890845, Old Saybrook, Connecticut), a former broker with Ameriprise Financial Services. Prior to working for Ameriprise, Brainard worked for American Portfolio Services and prior to that he was with Lincoln Financial Advisors. Brainard recently entered into a Letter of Acceptance, Waiver, and Consent (“AWC”)… Read more »
Posts Tagged: Finra
Menzer & Hill, P.A. Investigating Claims Involving Phillip Bucaro (Chicago, Illinois)
Menzer & Hill, P.A. is investigating claims involving Phillip John Bucaro (CRD #2171289, West Chicago, Illinois), an associated person with The Leaders Group. Bucaro recently entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) where he was fined $7,500 and suspended from association with any FINRA member in any capacity for four months. See FINRA… Read more »
FINRA Fines Morgan Stanley Smith Barney LLC $5,000,000 for Supervisory Failures Related to Sales of Shares in 83 Initial Public Offerings to Retail Customers
Morgan Stanley settled with FINRA and neither admitted nor denied the charges, but consented to the entry of FINRA’s findings that Morgan Stanley had supervisory failures concerning the solicitations of 83 Initial Public Offerings (IPOs) of stock, including Facebook and Yelp, from February 16, 2012, to May 1, 2013. http://www.finra.org/Newsroom/NewsReleases/2014/P498150 For a free case evaluation or… Read more »
Securities Arbitration Award – Options Trading
In a recent FINRA Securities Arbitration case, against Black Diamond Securities, et al, Arbitration Panel awards the customers more than $3 Million in damages, including attorney fees, costs and interest for breach of fiduciary duty, unjust enrichment, and misrepresentation involving options trades in customer accounts. For a free case evaluation or to discuss any other… Read more »
Customer Arbitration Award – Unsuitable Investment
Gruberman v. LaSalle Street, FINRA ID #12-02021 (Chicago, IL, 1/30/2014) – In this explained Award, a customer couple win $135,000 against a broker-dealer for failing to advise them of unfavorable information on a tenancy in common it recommended. For a free case evaluation or to discuss any other investment losses, please contact the Securities Law… Read more »
Customer Arbitration Award – Promissory Note Partnership Investment
Carson v. VSR Financial, FINRA ID #11-02400 (Minneapolis, MN, 12/23/2013) – A customer complaining that he received a fractional share of a promissory note when he expected a partnership interest may be equally surprised, but certainly happier, when he recovers $40,000 more in compensatory damages than he requested. For a free case evaluation or to… Read more »
Broker managing your portfolio?
If you’re paying a percentage fee to your broker or financial advisor to manage your investment portfolio, be mindful of the following things. This type of account is called an “investment advisory” account and as such is subject to additional regulatory requirements incumbent on the broker. 1. Does your portfolio have a single large position? … Read more »
The Securities Law Firm of Menzer & Hill, P.A. Files an Arbitration Claim Against NEXT Financial Group.
The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com, announced today it filed an arbitration claim against NEXT Financial Group (“NEXT”), for its failure to supervise one of its financial advisors who engaged in unauthorized and excessive trading within an investor’s account. Consistent with the arbitration claim this Firm just filed, the Financial Industry… Read more »