The securities lawyers of Gana Weinstein LLP are investigating investor losses in Strategic Realty Trust (SRT), a non-traded real estate investment trust (Non-Traded REIT). SRT is a non-traded REIT focused on owning high quality west coast urban and street retail properties. The company states that its strategy is to build…
Former Cetera Advisor Networks LLC (Cetera) broker Susan Welo (Welo) has been subject to nine customer complaints, one employment separation for cause, and one regulatory action. According to a BrokerCheck report Welo was terminated by Cetera after the firm alleged that Welo failed to disclose to firm that Welo provided…
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor Clark Gardner (Gardner), in May 2014, was terminated by his then employer Cetera Advisors LLC (Cetera) subsequent to the initiation of customer arbitration claim alleging unsuitable investments. Cetera stated that Gardner was terminated due to undisclosed outside…
The law offices of Gana Weinstein LLP continue to report on investor related losses and potential legal remedies due to recommendations to investor in oil and gas and commodities related investments. According to BrokerCheck records, customers have filed about ten complaints with the Financial Industry Regulatory Authority’s (FINRA) against broker…
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor William Wyman (Wyman), in January 2017, was barred by FINRA over his failure to respond to FINRA inquiries. FINRA’s inquiries came after a customer complained about a private securities transaction. Wyman’s employment with his brokerage firm, Ameriprise…
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor Paul Smith (Smith), in June 2017, was barred by FINRA for failing to provide documents and information concerning private securities transactions. Prior to the FINRA bar Smith was terminated by his firm Bolton Global Capital (Bolton Global)…
According to a complaint filed by the State of Illinois Securities Department Thrivent Investment has been accused of engaging in replacing its client’s existing variable annuities for new variable annuities which requiring clients to pay surrender charges and various fees that were not appropriate for the client. Thrivent Investment violated…
According to BrokerCheck records Brian Murphy (Murphy) has been sanctioned and barred by The Financial Industry Regulatory Authority (FINRA) over allegations that the broker failed to respond to the regulator’s requests for information. In July 2016, Murphy was terminated by his firm Signator Investors, Inc. (Signator) on allegations that Murphy…
From having spoken to many victims of securities fraud – the hardest thing for many investor victims is asking for help. More specifically, admitting to anyone that they had been taken advantage of. Many victims express feelings of shock, disbelief, and often times shame for having been, apparently, an easy…
The investment lawyers of Gana Weinstein LLP are investigating allegations by The Securities and Exchange Commission (SEC) finding that former Morgan Stanley broker Barry Connell (Connell) working out of the Ridgewood, New Jersey office misappropriated about $5 million from clients. After a customer complained of about $2,500,000 in unauthorized fund…