Securities Law Firm of Menzer & Hill, P.A. is investigating cases involving Wells Fargo Advisors’ broker, Jeffrey C. McClure, who was permanently barred from the securities industry after he allegedly stole $89,000 from an elderly client who had authorized him to pay her rent and other expenses, accordingly to FINRA records. McClure allegedly engaged in… Read more »
Posts By: LPclient
Broker, Peter Brainard Jr. suspended from FINRA for failing to disclose over $600,000 of tax liens and judgments
Menzer & 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 »
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 »
FINRA Watchdog on Private Placements
FINRA will be watching sales of private placements by broker-dealers more carefully, all in the pursuit of customer protection. http://bit.ly/QBGM2G For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.
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 »
FINRA Launches Small Claims Telephonic Mediation Pilot Program
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today the launch of a pilot program offering parties in simplified cases pro bono or reduced-fee telephone mediation. Participation in the pilot program, which began on January 15, is voluntary and open to cases involving claims of $50,000 or less.
SEC Names Gregg E. Berman as Associate Director of the Office of Analytics and Research
FOR IMMEDIATE RELEASE 2013-6 Washington, D.C., Jan. 15, 2013 — The Securities and Exchange Commission today announced that Gregg E. Berman has been named Associate Director of the Office of Analytics and Research in the SEC’s Division of Trading and Markets. Mr. Berman has been a senior advisor to the Director of the Division of… Read more »