Robert Livingstone Barred from the Securities Industry After Allegedly Participating in Private Securities Transactions

Investment fraud attorneys

Robert Birrell Livingstone, formerly associated with BB&T Investment Services, Inc., is barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with allegations Livingstone participated in private securities transactions. The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Livingstone was under investigation by FINRA after… Read more »

Ponzi Schemer Eliyahu Weinstein Faces New Charges Surrounding the Sale of Facebook Stock and Florida Real Estate

Eliyahu Weinstein, a convicted Ponzi schemer, is accused of orchestrating another scheme to defraud victims regarding purported investments in Facebook stock and Florida real estate, according to an indictment filed in federal court. Weinstein and his fellow conspirators offered a pair of investors the opportunity to purchase large blocks of Facebook shares prior to the… Read more »

Investors Encouraged to Be Vigilant When Exchanging Annuities

Broker-dealers are selling a bigger share of indexed annuities, and investors should be mindful of all the fees associated when moving to an indexed annuity from a variable annuity. When an annuity exchange occurs, investors should investigate whether or not they will incur any increased costs. Investors should also determine if there are any surrender… Read more »

Michael Martin Sanctioned by Arkansas Securities Regulators after Allegedly Targeting Senior Citizens to Invest in Equity-Indexed Annuities

Michael Hazen Martin was fined and suspended by the Arkansas Securities Department in connection with claims that Martin conducted fraudulent and deceptive business practices. The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter Martin conducted free lunch and dinner seminars around Arkansas which targeted seniors and retirees, according to… Read more »

Broker Swindles Recently Widowed Woman at the Wake of Her Husband, According to Securities Regulators

Eduardo Guillermo Diaz was barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with claims that he converted his client’s funds and borrowed money from the client. Diaz befriended his client before the death of the client’s husband, and at her husband’s wake, Diaz approached her and stated that she… Read more »

Harry Stokes Accused of Orchestrating Ponzi Scheme in North Carolina

Harry Stokes, an insurance broker who worked in Monroe, North Carolina, orchestrated a Ponzi scheme that defrauded investors out of millions, according to a complaint filed in a North Carolina state court. Securities attorneys Joe Peiffer and Jason Kane are investigating the matter. Stokes was the owner of Contemporary Benefits Design, an insurance firm located… Read more »

Larry Steven Werbel Fined and Suspended In Connection with Sale of QLotus Holdings Inc. Shares

Larry Steven Werbel was sanctioned by securities regulators in connection with claims that Werbel sold unapproved penny stocks to his firm’s customers. Werbel consented to the sanctions without denying or admitting the Financial Industry Regulatory Authority’s (FINRA) factual findings. Werbel solicited eight customers to invest in the low-priced security of QLotus Holdings Inc. (QLTS), according… Read more »

Personal Banker Elaina Patterson Accused of Embezzling over $6 Million from Clients

Elaina Patterson, a former personal banker at Bank of America, embezzled over $6 million from 31 investors and customers, according to an investigation led by Massachusetts Attorney General Martha Coakley that led an indictment. Patterson persuaded family and friends to invest in fake accounts that offered high interest rates, according to the attorney general. Patterson… Read more »