Undisclosed Compensation

Oct 11th, 2016
Published by Jeremy Hyndman at Oct 11th, 2016
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SEC Sides with NBA Star Tim Duncan of San Antonio Spurs Against Financial Advisor Charles A. Banks, IV

The SEC has accused a long time financial advisor to pro athletes, Charles A. Banks, IV, with securities fraud. While the SEC’s complaint doesn’t name the […]
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Nov 11th, 2015
Published by Jeremy Hyndman at Nov 11th, 2015
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At JP Turner Our Customers Are Number… Two?

JP Turner is once again in the regulatory spotlight, being fined by $45,000 by FINRA for failing to give their clients volume discounts their investors were […]
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Nov 10th, 2015
Published by Jeremy Hyndman at Nov 10th, 2015
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Pennsylvania Investment Advisers Defraud Hundreds of Investors of Over $50 Million

A father-son investment team in Pennsylvania recently settled a lawsuit filed by the Securities and Exchange Commission (SEC) in federal court. According to the complaint, Kevin […]
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Oct 9th, 2015
Published by Jeremy Hyndman at Oct 9th, 2015
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Lee D. Weiss of MIP Global and Family Endowment Partners Sued By SEC

The Securities & Exchange Commission has filed charges against Lee Weiss for what is, frankly, an impressive series of investment schemes and scams for a licensed […]
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Sep 4th, 2015
Published by Jeremy Hyndman at Sep 4th, 2015
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High Markup Corporate Bonds Make Big Money for Source Capital Group, but Not Clients

Source Capital Group, Inc. was recently fined and censured by the Financial Industry Regulatory Authority, or FINRA, for selling corporate bonds to customers at an unfair, […]
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Sep 3rd, 2015
Published by Jeremy Hyndman at Sep 3rd, 2015
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OFS Securities Inc. Client Loses $600,000 from Ill Advised Lehman-backed Investment

This July, Financial Industry Regulatory Authority, or FINRA, reported a recent closure of a case involving the gauche activities of OFS Securities Inc. from 2011 through […]
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Jun 27th, 2015
Published by Jeremy Hyndman at Jun 27th, 2015
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Interinvest Corp Fraudulently Funnels $17 Million Earmarked for “Conservative Investing” into Sketchy Canadian Penny Stocks.

Hans P. Black and his investment advisory firm, Interinvest, are targets of an SEC complaint alleging a $17 million fraud. According to the SEC, Mr. Black’s […]
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Jun 24th, 2015
Published by Jeremy Hyndman at Jun 24th, 2015
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National Securities Corporation (NSC) Hides Amount of Compensation Received for Selling Private Placements.

Selling private placements can be very lucrative, paying financial advisors commissions as high as 12%. This creates a classic conflict of interest. While a financial advisor […]
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May 19th, 2015
Published by Jeremy Hyndman at May 19th, 2015
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Wells Fargo Financial Advisor Recommends Customers Make Risky $2,000,000 Investment To Get Large Commissions

Douglas Jay Melzer (“Melzer”) in Mars, Pennsylvania has been barred from the securities industry for making biased recommendations to customers to invest in private securities. Melzer […]
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Jan 12th, 2015
Published by Jeremy Hyndman at Jan 12th, 2015
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Martin Kelly Capital Management Defrauds Professional Athletes

The SEC filed fraud charges against investment adviser Bill Crafton of Martin Kelly Capital Management. Apparently, Mr. Crafton has provided advisory services for professional athletes in […]
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