Investment Firms

Jul 7th, 2017

SPECIAL REPORT: Clay Hoffman of Summit Financial in Brunswick BARRED from securities industry for failure to cooperate with investigation into his alleged unauthorized trading, excessive trading, and fraud

After a long, checkered career, Clay Hoffman has been barred from the securities industry by the Financial Industry Regulatory Authority (FINRA). According to FINRA, Mr. Hoffman […]
Jul 6th, 2017

SPECIAL REPORT: David Elgart of Sequoia Investments fined & suspended for willfully withholding important information from investors

The Financial Industry Regulatory Authority (FINRA) has really thrown the book at David Elgart of Sequoia Investments for “willfully failing” to disclose over $400,000 in tax […]
Jul 6th, 2017

SPECIAL REPORT: Hossein Amirriahei fired from Wells Fargo and barred from securities industry for unauthorized trading

It’s really pretty simple. There are two types of investment accounts, accounts where the advisor has to ask permission before placing trades (non-discretionary) and accounts where […]
Jul 5th, 2017

SPECIAL REPORT: FSC Securities fined for role in Investment Fraud

Following on the heels of a 2016 settlement with the SEC for “willful” violations of the Investment Advisers Act for overcharging clients, FSC Securities recently received […]
Jul 4th, 2017

SPECIAL REPORT: Wilson-Davis & Co. Fined for Improper Penny Stock Trades

Wilson-Davis is in trouble again with the Financial Industry Regulatory Authority (FINRA). According to FINRA, Wilson-Davis, which is based in Salt Lake City but also has […]
Mar 13th, 2017

ICM Asset Management in Spokane Closing its Doors under Suspicious Circumstances

ICM Asset Management of Spokane, Washington plans to close its doors permanently next month. Just a couple of years ago, the Spokane Journal of Business hailed […]
Mar 12th, 2017

Dennis A. Mehringer, Jr. Puts Customers… Second? FINRA Alleges Misconduct.

Most financial advisors claim that they put their investors’ interests first but, all too often, customers are a distant second place to an advisor’s own interests. […]
Mar 9th, 2017

AEQUITAS ONE YEAR UPDATE: Receiver’s Efforts May Disappoint Investors, New Report Shows

  A recent report by the Aequitas Receiver, Ronald Greenspan, indicates that the vast majority of investors may not receive as much as anticipated from his […]
Feb 11th, 2017

Mr. Tracy R. Turner of Turner Financial Group Sued by Securities Regulator for Allegedly Improper Securities Sales

Investors who invested in 1031 exchanges through Tracy Turner and Turner Financial Group of Carlsbad, California may be regretting that decision. According to a complaint filed […]
Feb 10th, 2017

Investors Overcharged for Mutual Funds by MassMutual, H.D. Vest & Principal Securities, FINRA Alleges

If you bought mutual funds from H.D. Vest or MassMutual’s brokerage arm, MML Investor Services, you may have been overcharged. The Financial Industry Regulatory Authority (FINRA) […]