Salena Lynn Woods – Alleged Misappropriation of Customer Funds

Salena Lynn Woods Allegedly Misappropriated Customer Funds and Refused to Cooperate with Investigation Salena Lynn Woods, formerly a stockbroker with J.P. Morgan Securities, LLC, allegedly misappropriated funds from retail bank customer’s accounts, according to FINRA documents under review by securities attorneys Peiffer Wolf. Salena Lynn Woods failed to cooperate in the FINRA investigation. Woods did… Read more »

Oskar Kowalski—Refusal to Provide Documents and Information during the Course of an Investigation into Potential Sales Violations

Oskar Kowalski Allegedly Refused to Provide Documents and Information during the Course of an Investigation into Potential Sales Practice Violations Oskar Kowalski allegedly refused to provide documents and information during the course of an investigation into potential sales practice violations, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). Oskar R. Kowalski was… Read more »

UBS Financial Services Incorporated of Puerto Rico (UBS PR)—Failure to Establish and Maintain a Supervisory System and Procedures

UBS Financial Services Incorporated of Puerto Rico Allegedly Failed to Establish and Maintain a Supervisory System and Procedures UBS Financial Services Incorporated of Puerto Rico allegedly failed to establish and maintain a supervisory system and procedures reasonably designed to ensure the suitability of transactions in CEFs in certain circumstances, according to a recent FINRA Letter… Read more »

James Michael Ham—Refusal to Appear for Testimony, Allegedly Engaging in Undisclosed Outside Business Activities

James Michael Ham Allegedly Refused to Appear for Testimony Regarding an Investigation into a Customer Deposit of Approximately $170,000 James Michael Ham allegedly refused to appear for testimony regarding an investigation into a customer deposit of approximately $170,000, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). FINRA also notes that it… Read more »

Investment Schemes Targeting Retirees

More and More Financial Schemes Targeting Seniors and Retirees As more and more baby boomers enter their retirement years and the economy remains flat, a growing number of reports are surfacing that more and more financial schemes are targeting seniors. In addition, law enforcement agencies, afraid that thousands of older Americans may fall prey to… Read more »

Daniel Grieco—Unsuitable Recommendations

California stockbroker fraud attorney

Daniel Grieco Allegedly made Unsuitable Recommendations of Non-Traditional ETFs Daniel Grieco, from July 21, 2008 through July 19, 2013, allegedly made unsuitable recommendations of non-traditional exchange-traded funds (ETFs) to different customers without sufficient evidence to believe that his recommendations were suitable, according to a recent Letter of Acceptance Waiver and Consent (AWC). Grieco, the AWC… Read more »

John Cherry, Cherry Group — Customer Fund Conversion, Fraud and Undisclosed Business Activities Charges

California stockbroker fraud attorney

John Cherry Allegedly Engaged in Undisclosed Business Activities John Cherry allegedly engaged in undisclosed business activities (Cherry Group Unlimited, LLC), according to a recent Complaint filed by FINRA. Rather than invest his two customers’ money through their brokerage account, Cherry allegedly directed them to wire the money directly to his company, Cherry Group, and, when… Read more »

Joel Carlson Sentenced for Customer Fund Theft

New York investor rights attorney

Joel William Carlson of Vadnais Heeights, MN, Sentenced to Prison for Tax Fraud, Misappropriating $1.5 Million from Clients Joel William Carlson, 43, and a Vadnais Heights, MN investment advisor Investment adviser has been sentenced to prison after perpetrating a $1.5M fraud against clients, according to reports from the Minnesota’s U.S. Attorney’s Office. Carlson also pleaded… Read more »

Geoffrey W. Nehrenz Fraud Charges

Geoffrey W. Nehrenz, of Uniontown, Ohio, Accused of Defrauding Investors of $5.5 Million Geoffrey W. Nehrenz, 36, and of Uniontown, Ohio, has received an eight-count federal indictment for his reported role operating a Ponzi scheme in which 19 investors were defrauded out of approximately $5.5 million, according to reports from Ohio law enforcement officials currently… Read more »

Jasper Buck Investment Fraud Allegations

investor rights lawyers

Jasper Buck, Former Maryland investment advisor, Indicted in $1.9 million Theft Scheme Jasper Buck, 59, and formerly of Westminster, Maryland, has been indicted by a federal grand jury for alleged mail fraud arising from an alleged investment fraud scheme, according to court reports from Maryland currently under review by attorneys Jason Kane and Joe Peiffer…. Read more »