Jean Walsh-Josephson—Investment Fraud Involving Elderly Clients

Jean Walsh-Josephson Allegedly Stole $4 Million from Elderly Clients over Past Ten Years Jean Walsh-Josephson, a longtime Oshkosh financial adviser for Thrivent Financial for Lutherans, allegedly stole $4 million from elderly clients over the past 10 years, according to a Wisconsin civil action dated April 21 currently under review by attorneys Jason Kane and Joe… Read more »

MetLife – Misleading Annuity Customers

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MetLife Looking at Record $25 Million FINRA Fine for Allegedly Misleading Variable Annuity Customers MetLife Inc., one of the biggest brands in life insurance, allegedly misled tens of thousands of customers regarding a product that retirees seek out for safety, according to statements from FINRA regulators currently under review by attorneys Jason Kane and Joe Peiffer…. Read more »

John L. Shockey—Private Securities Transactions without Providing Prior Written Notice

John L. Shokey Allegedly Engaged in Private Securities Transactions without Prior Written Notice from Merrill Lynch, Pierce, Fenner& Smith, Inc. John L. Shokey allegedly participated in private securities transactions without providing prior written notice to his firm, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). Shokey, the AWC further alleges, participated… Read more »

Lance E. Slater—Acceptance of a Customer Loan

Lance E. Slater Allegedly Accepted a Customer Loan Which Led to a FINRA Investigation Lance E. Slater allegedly accepted a customer loan while associated with Morgan Stanley, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). Lance E. Slater, on December 31, 2015, during the course of an investigation into allegations that… Read more »

Kevin J. Kuhlow—Unapproved Investment

Kevin J. Kuhlow Allegedly Directed Clients to an Unapproved Investment Kevin J. Kuhlow, who was registered with LPL Financial from January 14, 2005 through his termination on March 3, 2016, allegedly violated firm policies by directing clients to an unapproved investment, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). Due to… Read more »

David Paul Eller—Undisclosed Outside Business Activities

David Paul Eller Allegedly Engaged in Outside Business Activities; Hired Wells Fargo but Did Not Disclose On-Going Association with WTS Proprietary Trading David Paul Eller allegedly engaged in several outside business activities without notifying his broker dealer, WTS Proprietary Trading, according to a recent Complaint from FINRA’s Department of Enforcement. Eller, for example, from November… Read more »

George W. Montgomery—Ponzi Scheme

George W. Montgomery, Deceased Former Arizona State University Football Captain, Allegedly Operated a Multimillion Dollar Twin Peaks Ponzi Scheme, Terminated by Fortune Financial Services and United Planners Financial Services Have you lost funds investing with George Montgomery? George Montgomery, the now deceased former Arizona State University football captain, allegedly ran a multimillion dollar Ponzi scheme,… Read more »

Equity Trust Co., Ephren Taylor—Ignoring Red Flags for Accounts Later Deemed Fraudulent, Alleged Ponzi Scheme

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Equity Trust Co., a Self-directed IRA provider, Allegedly Ignored Red Flags Regarding Accounts Later Deemed Fraudulent, and Assisted Ponzi Scheme Targeting Churchgoers Equity Trust Co., of Westlake, Ohio, allegedly ignored red flags for accounts “with investments that turned out to be fraudulent”, according to recent documents from the SEC. The SEC goes on to allege… Read more »

Larry Werbel Criminally Indicted for His Alleged Role in VGTel Scheme, Investigated by Securities Lawyers

Larry Werbel (“Werbel”), a Cleveland-area financial advisor, was recently indicted on charges that he took part in an alleged fraudulent investment scheme. The Peiffer Wolf law firm’s Cleveland-based securities practice lawyers Jason Kane, James Booker and Colin Ray are investigating the matter and preparing to assist victimized investors. Werbel is accused of executing the fraudulent… Read more »

Morgan Stanley—Churning Accounts of an Elderly Customer

Morgan Stanley Made to Pay More than $1 Million Fine by FINRA Arbitration Panel in after Allegedly Churning Account of Elderly Woman Morgan Stanley and the broker Justin Amaral have been found jointly liable after Morgan Stanley and Justin Amaral allegedly churned the account of a case involving a 92-year-old widow, Genevieve Lenehan, according to… Read more »