A Chicago broker attempting to have investor complaints expunged from his record has won his arbitration claim, according to AdvisorHub. The broker, David A. Hirsch, has been with UBS Wealth Management USA since 2016. The case involved UBS’s complex options strategy...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: February 2023
Former official with Philadelphia lending firm pleads guilty to defrauding investors
A former official with a Pennsylvania company has pleaded guilty to what authorities say was a scheme to bilk investors, according to InsuranceNewsNet. 65-year-old Perry Abbonizio of Collegeville appeared in federal court last week to enter the plea to a conspiracy...
Former Texas CEO accused of diverting millions from firm for personal benefit
A Texas executive was charged with defrauding investors and using some of the proceeds for his own personal benefit, Insurance News Net reports. 35-year-old Christopher Kirchner of Westlake was the co-founder and CEO of Slync Inc., a supply-chain management software...
SEC charges man in scheme to spread false rumors about public companies
The Securities and Exchange Commission announced that a Georgia man has been charged with being part of an illicit trading scheme that involved spreading false rumors about public companies. The defendant was identified as Milan Vinod Patel of Cumming, Georgia, the...
SEC bars former broker-dealer for defrauding pension plans out of $43M
A former California broker-dealer was barred by the Securities and Exchange Commission over his involvement in a scheme to defraud various pension plans, Financial Advisor reports. The SEC took the enforcement action against 50-year-old Jason Sugarman of Los Angeles,...
