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 »

J.P. Morgan— False Statements on Marketing Materials

J.P. Morgan Allegedly Made False Statements on Marketing Materials and on Its Private Banking Web Site J.P. Morgan allegedly made false statements on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission”, according to an SEC Order. J.P. Morgan Securities LLC… Read more »

LPL Financial—Unsuitable REIT Sales

investment fraud lawyers

LPL Financial Sanctioned for Allegedly Recommending Unsuitable REITs to Elderly Clients in New Hampshire LPL Financial allegedly made unsuitable sales of real estate investments to elderly clients, including an 81-year-old investor who lost a substantial amount on the product, according to reports from New Hampshire. The aforementioned octogenarian reportedly bought a nontraded REIT from LPL… Read more »

National Securities Corporation-Failure to Disclose Compensation of Private Placements

investor rights lawyers

National Securities Corporation Failed to Disclose to Customers Exact Compensation in Connection to Sale of Private Placements Offered by Parent Company, National Holdings National Securities Corporation (NSC) allegedly offered two private placements on behalf of its parent company, National Holdings without properly disclosing to customers the exact compensation, according to a recent FINRA Letter of… Read more »