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Our law firm is investigating claims by customers Financial Advisor John A. Dougherty (“Dougherty”) of LPL Financial LLC in Blue Bell, PA. Until 2021, Mr. Dougherty was previously employed by Wells Fargo Clearing Services LLC. On January 19, 2023, one of Mr. Dougherty’s customers filed an investment fraud lawsuit in […]
On February 6, 2023, the Securities and Exchange Commission (“SEC”) announced that it settled regulatory charges of potential investment fraud against Centaurus Financial, Inc. (“Centaurus”) over sales of Variable Interest Rate Structured Products (“VRSPs”) at its Lexington, South Carolina branch office. The settlement involved Centaurus branch manager Ricky A. Mantei […]
On January 24, 2023, the SEC filed a complaint against Anthony B. Liddle (Liddle) alleging that, from June 2019 through May 2022, he engaged in an investment fraud scheme and misappropriated approximately $1.9 million from his clients. Liddle controlled an investment advisor company, Prosper Wealth Management, LLC (“PWM”) located in […]
On January 23, 2023, Paulson Investment Company, LLC (Paulson) agreed to a censure, a fine of $150,000 and to make restitution to 60 customers in a regulatory settlement with FINRA, the Financial Industry Regulatory Authority. This disciplinary action was the result of FINRA allegations that Paulson, from January 2016 through […]
On December 1, 2022, a Financial Industry Regulatory Authority (FINRA lawsuit) arbitration panel awarded a customer of Morgan Stanley $11.5 million in damages for losses suffered in a call writing option strategy. The arbitration panel also awarded the investor $157,656 in costs and other associated fees. The losses were suffered […]
In January 2023, James K. Couture of Worcester, Massachusetts who had pled guilty in September to being involved in an investment fraud scheme to steal $2.8 million from six clients was sentenced to 100 months, more than eight years, in prison. “From approximately 2009 to 2020, Couture misappropriated approximately $2.8 […]
The law firm is investing in Nashville-based Center Street Securities Inc. and Missouri-based Moloney Securities Co. Inc. for disclosure failures concerning GPB Automotive and GPB Holdings due to potential investment fraud. On December 29, 2022, the Financial Industry Regulatory Authority (FINRA) found, in a regulatory proceeding, that between May 4, […]
The law firm is investing in FSC Securities, Royal Alliance, SagePoint Financial, and Woodbury Financial for disclosure failures concerning GPB Automotive due to potential investment fraud. On November 30, 2022, the Financial Industry Regulatory Authority (FINRA) found, in a regulatory proceeding, that FSC Securities, Royal Alliance, SagePoint Financial, and Woodbury Financial […]
The law firm is investigating losses suffered by customers of Wedbush Securities from defaulted bonds due to investment fraud. On November 2, 2022, the Financial Industry Regulatory Authority (FINRA), in a regulatory proceeding against Wedbush Securities, found that, from January 2013 to December 2018, it sent account statements to […]
Zamansky LLC announces that it is investigating family-owned brokerage firm and investment bank, Herbert J. Sims & Co. Inc. (“HJ Sims”), headquartered in Fairfield, CT, over sales of its Reg D offerings. Over the past 10 years, HJ Sims was the sole brokerage firm selling 84 private securities offerings under […]