Roger S. Rathmell Failed to Properly Report Customer Complaints, FINRA Alleges

New York investor rights attorney

Roger S. Rathmell, of Clayton, Missouri, and formerly of Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), failed to properly supervise and report customer complaints regarding one of the financial advisors he was supervising, a FINRA Letter of Acceptance, Waiver and Consent (AWC) alleges. Rathmell’s failure to report the customer complaints was of dire… Read more »

Peiffer Wolf Abdullah Carr & Kane Opens Investigation Into The Brown Group

Investment fraud lawyers

The law firm of Peiffer Wolf Abdullah Carr & Kane LLP has opened an investigation into The Brown Group, an investment advisory group whose principals were formerly affiliated with Merrill Lynch. Public records indicate that Stephen Brown and James Goetz were accused of advising clients to invest outside of Merrill Lynch into a private hedge… Read more »

HFP Capital Markets Expelled for Zero-coupon Note Alleged Fraud, Ordered to Pay $2,980,000 Fine

Rochester stockbroker fraud attorney

HFP Capital Markets LLC, of New York, New York, was reportedly expelled from FINRA membership, and ordered to pay $2,980,000, plus interest, in reparation to customers after FINRA found it generated the fraudulent sale of approximately $3 million worth of senior secured zero-coupon notes. HFP sold the private offerings of the notes to customers while… Read more »

Aegis Capital Accused of Facilitating Alleged $24.5 Million Pump-and-Dump Schemes

Rochester stockbroker fraud attorney

FINRA accused independent broker-dealer Aegis Capital, of New York City, of failing to supervise its anti-money laundering requirements, and orchestrating an alleged unregistered penny stock scheme which raked in $1.1 million in commissions for the firm. Aegis Capital Liquidated Almost 3.9 Billion Shares of Five Penny Stocks Between April 2009 and June 2011 Aegis Capital… Read more »