Wells Fargo Advisors was awarded $20.7 million by arbitrators after accusing Raymond James Financial Services of poaching advisors, reports Financial Advisor. Wells Fargo filed a complaint in August 2020 alleging that Raymond James and advisor Kent Jackson Rhoades...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: February 2023
Chicago investment advisor charged with fraud for allegedly swindling clients
Federal prosecutors announced the indictment of a Chicago investment advisor on charges of swindling three of his clients, reports InsuranceNewsNet. 32-year-old David Sheldon Wells was charged with three counts of wire fraud, according to the United States Attorney...
Credit Suisse ordered to pay former broker $1.3 million in dispute over deferred compensation
Financial Industry Regulatory Authority arbitrators have sided with a former broker for Credit Suisse Securities in a dispute over deferred compensation, according to Investment News. The broker, James D. Garrity, was awarded over $1 million in compensatory damages...
SEC charges Pa. investment advisor with fraudulent loan scheme
The Securities and Exchange Commission charged a former Pennsylvania investment advisor with orchestrating a fraudulent loan scheme, reports Wealth Management. The allegations were contained in a complaint filed in federal court for the Eastern District of...
SEC Division of Examinations announces list of priorities for 2023
The Securities and Exchange Commission’s Division of Examinations announced its priorities for 2023 in a recent news release. The division’s priorities are published each year to provide an overview of the steps it will be taking to protect investors and the integrity...
