Stephen S. Lard Accused of Recommending and Selling Unsuitable Investments in Private Placements

Stephen S. Lard recommended and sold unsuitable investments, according to a complaint filed by the Financial Industry Regulatory Authority’s (“FINRA”) Department of Enforcement. Lard recommended and sold various private-placement securities, all of which were speculative, high risk, and illiquid, according to the complaint. Lard’s actions resulted in a concentrated position for each investor of approximately… Read more »

Michael Chatwin Sanctioned by Securities Regulators for Allegedly Failing to Conduct Suitability Reviews

Michael Chatwin was suspended from the securities industry for three months and fined $5,000 by the Financial Industry Regulatory Authority (“FINRA”) in connection with claims that he failed to conduct suitability reviews for investors. Chatwin was SCIUS Securities LLC’s Compliance Officer and sole General Securities Principal from around May 2007 through April 2012. One of… Read more »

George Bussanich Barred From Securities Industry Due to Undisclosed Business Activities

George Bussanich is barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) in connection with claims he failed to disclose outside business activity to his firm, Kovack Securities, Inc.  Bussanich was subject to a FINRA investigation concerning undisclosed business activities and possible private securities transactions that occurred away from Kovack, including those… Read more »

Mark Manuel Found Guilty for Fraud After Defrauding Individuals Seeking Debt Relief

Mark Shannon Manuel, one of the owners of Eden Gifted Properties, was convicted for his participation in a mail fraud scheme. Securities Attorneys Jason Kane and Joe Peiffer are investigating the matter. Eden Gift Properties was a company that purported to assist customers across the United States in debt elimination. Eden Gift Properties claimed to… Read more »

SEC Accuses William Dean Chapman, Jr. of Operating a Fraudulent Loan Business

William Dean Chapman, Jr. and his companies, Alexander Capital Markets, LLC and Alexander Financial, LLC, operated a fraudulent stock-collateralized loan business, according to a complaint filed by the Securities and Exchange Commission (SEC). The Peiffer Wolf securities practice lawyers Jason Kane and Joe Peiffer are investigating the matter and have reached out to investors who… Read more »

Barry Milinovich Accused of Making Unauthorized Withdrawals from Customer’s Savings Account

Barry Milinovich made unauthorized withdrawals of funds from a customer’s savings account, according to a complaint filed by the Financial Industry Regulatory Authority’s Department of Enforcement. Milinovich, while registered with PNC Investments, made three separate unauthorized withdrawals from a customer’s savings account totaling $10,100, according to the complaint. Milinovich opened a new account for the… Read more »

Peiffer Wolf Securities Attorneys Investigating Sales Practices of Sun 1031 TIC Investments

The Peiffer Wolf securities practice attorneys are investigating the sales practices of investment advisors that recommended and sold Sun 1031 TICs to their customers.  Specifically, the investigation focuses on whether investment professionals that sold Sun 1031 TIC products to their customers disclosed all risks surrounding that invesment and ensured that the investment was suitable to… Read more »

Securities Attorneys Encourage Variable Annuity Investors to Carefully Scrutinize Recommendations Made by Investment Professionals

The Peiffer Wolf securities practice attorneys Joe Peiffer and Jason Kane caution investors to carefully scrutinize their financial advisors’ recommendations to switch from variable annuity investments in their retirement benefits programs to new variable annuities to be held outside of such retirement plans. This warning is highlighted by recent accusations made against two investment professionals… Read more »

Securities Litigators Investigating Geoffrey W. Nehrenz in Connection with Alleged Misappropriation of Investor Funds

Geoffrey W. Nehrenz is barred from the securities industry by the Securities and Exchange Commission (SEC) due to claims he offered and sold unregistered securities, misappropriated investor funds for his own personal use and unrelated business use, and made misrepresentations regarding investments and the use of investor funds. Securities attorneys Joe Peiffer and Jason Kane… Read more »