Articles Tagged with securities arbitration

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Nevada-based broker-dealer Financial West Group was expelled from the securities industry in February 2020. Publicly available records filed with the SEC show that Financial West Group likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with Financial West Group, you may have a claim.

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Ausdal Financial Partners, Inc. is a broker-dealer based in Davenport, Iowa. According to publicly available records filed with the SEC, Ausdal Financial Partners, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with Ausdal Financial Partners, Inc., you may have a claim.

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IBN Financial Services, Inc. is a broker-dealer based in Liverpool, New York. According to publicly available records filed with the SEC, IBN Financial Services, Inc. likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with IBN Financial Services, Inc., you may have a claim.

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BCG Securities, Inc. is a broker-dealer headquartered in Cherry Hill, New Jersey. According to publicly available records filed with the SEC, BCG Securities, Inc. likely received sales compensation for selling the GPB funds to retail investors. 

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with BCG Securities, Inc., you may have a claim.

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Lion Street Financial, LLC is a financial services company headquartered in Austin, Texas. According to publicly available records filed with the SEC, Lion Street Financial, LLC likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would in turn sell the GPB funds to their retail investors.

If you lost money in GPB funds with Lion Street Financial, LLC, you may have a claim.

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The Financial Industry Regulatory Authority (“FINRA”) has suspended stockbroker Frederick Rock from the securities industry for five months and ordered him to pay a $5,000 fine.  FINRA sanctioned Mr. Rock because he solicited clients to purchase $409,200 worth of securities that were not approved by his firm, Pruco Securities LLC.

Mr. Rock was a financial advisor with Pruco Securities LLC (“Pruco Securities”) in Tampa, Florida, from July 2014 until August 2019.

Iorio Altamirano LLP is interested in speaking with past customers of Mr. Rock or Pruco Securities LLC.  Contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential evaluation of your investment or retirement account.

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In an arbitration award published by FINRA on April 21, 2021, Sandlapper Securities, LLC was ordered to pay damages to a Claimant over her losses in the GPB Automobile Portfolio fund.

Sandlapper Securities, LLC and former firm broker James Dwight McPherson were held jointly and severally liable for violating the Florida Securities and Investor Protection Act. The arbitration panel awarded the Claimant a total of $125,000 in compensatory damages and attorneys’ fees, plus interest. Sandlapper Securities, LLC is solely liable for $100,000 of the award.

The hearing was based in Boca Raton, Florida, and was conducted by videoconference.

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National Securities Corporation is a full-service broker-dealer with main offices in New York, New York, and Boca Raton, Florida. The firm has been in the securities industry since 1947.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would, in turn, sell the GPB funds to their retail investors. According to publicly available records filed with the SEC, National Securities Corporation likely received sales compensation for selling the GPB funds to retail investors.

If you lost money in GPB funds with National Securities Corporation, you may have a claim.

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Wilmington Capital Securities, LLC is a brokerage firm headquartered in Garden City, New York. The firm was formed in November 2004.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would, in turn, sell the GPB funds to their retail investors. According to publicly available records filed with the SEC, Wilmington Capital Securities, LLC likely received sales compensation for selling the GPB funds to retail investors.

If you lost money in GPB funds with Wilmington Capital Securities, LLC, you may have a claim.

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Vanderbilt Securities, LLC is a broker-dealer headquartered in Woodbury, New York. The firm was formed in 2001. According to publicly available records filed with the SEC, Vanderbilt Securities, LLC likely received sales compensation for selling the GPB funds to retail investors.

Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims in the GPB funds scheme. The GPB funds were marketed to independent broker-dealers and investment advisers who would, in turn, sell the GPB funds to their retail investors.

If you lost money in GPB funds with Vanderbilt Securities, LLC, you may have a claim.

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