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...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Investment Loss
Former UBS broker barred by FINRA for selling fake annuities
The Financial Industry Regulatory Authority has barred a former representative for UBS Financial Services who was accused of defrauding his clients, reports AdvisorHub. FINRA took the action against Robert Earl Turner Jr. of Waco, Texas after he was sued by UBS for...
Former energy company executive sentenced to prison for investment fraud
The U.S. Department of Justice announced that a California man has been sentenced to five years in prison for investment fraud, according to InsuranceNewsNet. Prosecutors said 58-year-old Joey Stanton Dodson orchestrated a scheme from 2012 to 2015 in which he...
Former broker suspended by FINRA for impersonating deceased relative
A former broker was suspended by the Financial Industry Regulatory Authority for impersonating a deceased relative during a phone call with her firm, according to ThinkAdvisor. The case involved Kimberly E. Nuessman, who was a registered representative and broker for...
FINRA orders former advisor to pay $1.66M to client for unsuitable investments
A panel of Financial Industry Regulatory Authority arbitrators issued an award to a retired New Jersey teacher who filed a claim against her former advisor over her investment losses, Financial Advisor reports. The FINRA panel ordered the former registered investment...