David Sheldon Wells (CRD # 6774493) “voluntarily resigned” from Fifth Third Securities, Inc. in July 2021 after admitting to misappropriating funds from three clients. In a resignation letter to his employer, Wells confessed to using his clients' money for "very risky" options trading.
On September 20, 2022, the United...
Howard Hao-Chung Hsieh (CRD # 4947882) is a stockbroker and FINRA-registered investment advisor with Cetera Investment Advisors in the firm’s Irvine, CA branch office.
FINRA BrokerCheck lists several pending claims against Hao-Chung Hsieh:
On December 27, 2022, a customer alleged Hao-Chung Hsieh made an...
Morgan Stanley Smith Barney FA Notes Holding Holdings LLC (MSSBFAN), a subsidiary of Morgan Stanley & Co., Inc., and an affiliate of Morgan Stanley Smith Barney LLC (MSSB) and Morgan Stanley Smith Barney Financing LLC (MSSBF) (collectively, Morgan Stanley) offered promissory note loans to employees and prospective employees as an inducement to...
A financial advisor from Morgan Stanley, who is alleged to have churned the account of a client with cognitive impairments, is now facing a motion for financial discovery aimed at establishing the advisor's threshold for potential punitive damages.
The Reif Law Group in Los Angeles, CA is representing plaintiffs...
Reif Law Group., P.C., is investigating claims of breach of financial duty, financial elder abuse, constructive fraud, breach of contract, and unfair business practice claims against Vereit, Inc., formerly known as American Realty Capital Partners, and formerly known as Cole Capital Partners, LLC, plus Vereit Operating Partnership, L.P. (collectively, Vereit), EFA Asset...
Last updated March 30, 2023
Former Worden Capital Management and National Securities Corporation Investment Advisor Mark Sam Kolta Charged with Nearly $4 Million in Customer ClaimsOn December 29, 2022, FINRA filed a complaint against Mark Sam Kolta (CRD#: 5324620), alleging that, from June 2014 through...
Last updated March 30, 2023
Last updated March 30, 2023
Former Independent Financial Group Stockbroker and Investment Adviser John P. Mendes Barred From the Securities Industry for Insider Trading ViolationsJohn P. Mendes (CRD #5409060) was a previously registered FINRA broker and investment adviser associated with Independent Financial Group. On...
Last updated March 20, 2023
Former Morgan Stanley Investment Advisor Allen Israel Hershberg Charged with Soliciting Unapproved InvestmentsAllen Israel Hershberg (CRD#: 1112312), of Beverly Hills, California, was “permitted to resign” from Morgan Stanley Smith Barney, LLC’s Beverly Hills office in July 2022 due to...
Last updated March 30, 2023
Former Southport Capital Founder and Former Oppenheimer & Co. Financial Advisor John Justin Woods Charged in $100 Million Horizon Private Equity Ponzi Scheme John Justin Woods...
Last updated March 30, 2023
Cetera Investment Services LLC Stockbroker Leo Chen Charged with Unsuitable Investment RecommendationsLeo Li-Yuan Chen (CRD#: 4169619) is a stockbroker and FINRA-registered investment advisor associated with Cetera Investment Services since 2012. Chen, currently working out of Cetera’s San Gabriel, CA...
Last updated March 30, 2023
Former Morgan Stanley and Wells Fargo Investment Advisor Shawn Good Pleads Guilty to Defrauding Customers of $7 MillionShawn Edward Good (CRD#: 2022168), formerly with Morgan Stanley, pleaded guilty on September 15, 2022 to defrauding clients of more than $7...
Last Updated March 30, 2023
Oppenheimer & Co. Inc. Investment Advisor Gregory Baines Iglow Charged with Claims of Unsuitability, Fraud, Breach of Contract, and Other MisconductGregory Baines Iglow (CRD # 2783963) is a FINRA-registered broker and investment advisor with Oppenheimer & Co. Inc. and was formally employed by RBC Dain Rauscher Inc.,...
Lawrence Ira Goldstein (CRD # 3223787) is a FINRA-registered broker and investment advisor with Cetera Advisor Networks in Los Angeles and was formally employed by Oppenheimer...
