Wellington Robert Smith—Improper Business Practices

Wellington Robert Smith Terminated by Mutual of Omaha for “Improper Business Practices” Relating to Smith’s Alleged Interference “With Client Health Screening Telephone Interviews during the Underwriting Process” Wellington Robert Smith was terminated by Mutual of Omaha terminated for “improper business practices”, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under… Read more »

Wayne Anthony Schultz– Failure to Provide Information and Documents

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Wayne Anthony Schultz Suspended by FINRA for Failing to Provide Documents Connected with Sale of Notes to Elderly Client Wayne Anthony Schultz allegedly failed to provide information and documents as requested during the course of a FINRA investigation into certain notes that Schultz had issued to an elderly client, according to a recent Letter of Acceptance, Waiver… Read more »

Cubic Energy Inc.— Bankruptcy Filing

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Cubic Energy Inc. Allegedly Filed for Bankruptcy Protection in a Prepackaged Plan Have you invested your hard-earned money in Texas and Louisiana independent operator Cubic Energy Inc.? Cubic Energy Inc. allegedly has filed for bankruptcy protection in a prepackaged plan that gives control of the company to its lenders, according to the filing in U.S…. Read more »

LFA—Failure to Adequately Supervise the Activities of a Registered Rep

LFA Allegedly Failed to Adequately Supervise a Registered Rep Who Purportedly Engaged in Unsuitable Penny Stock Trading LFA allegedly failed to adequately supervise a registered rep, known only as PT, who supposedly engaged in unsuitable penny stock trading, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). PT also allegedly placed over… Read more »

Escalera Resources Co.—Filed for Chapter 11 Bankruptcy, Stock Delisted

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Escalera Resources Co. Filed for Chapter 11 Bankruptcy, and its Stock Price Plummeted Before Being Delisted Escalera Resources Co., the natural gas and crude oil company formerly known as Double Eagle Petroleum Co., has reportedly filed for voluntary Chapter 11 Bankruptcy, according to a voluntary petition in the United States Bankruptcy Court for the District… Read more »

Unit Investment Trust (UITs) Improper Sales Investigated by Securities Lawyers

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Peiffer Rosca Wolf Attorneys Investigate Improper Sales of Unit Investment Trusts or “UITs” The securities attorneys at Peiffer Rosca Wolf, Joe Peiffer and Jason Kane, have launched an investigation into improper sales of Unit Investment Trusts, known as “UITs” in the securities industry. According to the Financial Industry Regulatory Authority (“FINRA”), UIT investments are complex… Read more »

Attention Oil and Gas Investors: Stockbrokers’ Sales Practices of Private Oil & Gas Investment Products Investigated

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Stockbrokers’ Inappropriate Recommendations of Oil and Gas Investment Products Investigated by Securities Lawyers Unsuitable investment recommendations in oil and gas investment products have caused many elderly investors to suffer significant losses, according to Jason Kane, a Peiffer Rosca Wolf partner who often represents victims of investment fraud and misconduct.  Over the past year, many private… Read more »

Tracy Neal Wengert—Failure to Provide Documents Requested by FINRA

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Tracy Neal Wengert Allegedly Failed to Provide Documents Requested during the Course of a FINRA Investigation into Allegations that He Purportedly Opened Brokerage Accounts Outside His Firm, Transamerica Financial Advisors, Inc. Tracy Neal Wengert allegedly failed to provide documents requested during the course of a FINRA investigation into purported allegations that he opened brokerage accounts… Read more »

Glenn Allen Moffitt—Failure to Appear for On-the-Record Testimony

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Glenn Allen Moffitt Allegedly Converted at Least $370,000 from an Elderly Customer Glenn Allen Moffitt allegedly converted at least $370,000 from an elderly customer, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). The aforementioned and alleged misconduct took place when Moffitt was working with Cambridge Investment Research, Inc in Henderson, Nevada. … Read more »