Allen Green — Broker – Non-traditional ETF Unsuitable Recommendations

investment fraud attorney Cleveland

Allen Michael Green Lauded Looming Economic Collapse, Allegedly Recommended Unsuitable Investments Allen Michael Green allegedly recommended unsuitable investments, such as long-term held Non-traditional ETFs and metal bound investments, to most customers relying on his belief that the world was soon to suffer an economic collapse, according to a Complaint from FINRA’s Department of Enforcement. As… Read more »

F-Squared and Former CEO Howard Present Made False Performance Claims, SEC Alleges; Firm Settles Case, Paying Out $35 Million and Admitting Wrongdoing

Rochester stockbroker fraud attorney

On December 22, 2014, F-Squared Investments agreed to shell out $35 million, and also admitted its wrongdoing, in order to settle SEC charges that it allegedly defrauded investors through a false and misleading advertising campaign regarding the performance of its flagship product, according to SEC documents currently being analyzed by attorneys Joe Peiffer and Jason… Read more »

Citigroup Allegedly Failed to Properly Supervise and Send Prospectuses for 255,000 Sales of ETFs

New Orleans investment fraud attorney

From 2009 until April 2011, Citigroup allegedly failed to deliver prospectuses in connection with sales of certain ETFs to customers, and that just between September 2010 and November 2010 alone, Citigroup failed to deliver prospectuses for approximately 255,000 customer purchases regarding approximately 160 ETFs, according to a recent FINRA Letter of Acceptance, Waiver and Consent… Read more »

Moloney Takes FINRA Rules for Boloney, According to FINRA’s Allegations Regarding Sales of Non-Traditional ETFs

investment fraud attorney Cleveland

Moloney Securities Company, Inc. was fined and censured by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Moloney failed to establish and maintain a supervisory system regarding the sale of leveraged, inverse and inverse leveraged securities, collectively known as Non-Traditional ETFs. Non-Traditional ETFs are designed to return a multiple of an underlying index… Read more »