UBS Financial Services Inc. is now offering to buy back shares at 'net asset value' of the Puerto Rico Bond Funds. However, investors who have lost much of their investments in this fund, are wondering if this is just a public relations ploy. Instead, many of these investors who have lost 16% or more, in […]

Gary Chackman, a former LPL Financial broker, was barred last week by the Financial Industry Regulatory Authority Inc.(FINRA) for several violations of securities industry rules, including falsifying documents, related to the sale of nontraded real estate investment trusts(nontraded REITS) from 2009 to 2012. In a December 19th InvestmentNews article, Bruce Kelly writes that nontraded REITs […]

Gary Chackman, a former LPL Financial broker, was barred last week by the Financial Industry Regulatory Authority Inc.(FINRA) for several violations of securities industry rules, including falsifying documents, related to the sale of nontraded real estate investment trusts(nontraded REITS) from 2009 to 2012. In a December 19th InvestmentNews article, Bruce Kelly writes that nontraded REITs […]

Paul J. Dumouchel of Wellesley, Massachusetts, was accused of convincing an 82-year-old woman with Alzheimer’s to withdraw more than $1 million from bank CD accounts and transfer the money into other investments so that he could then collect thousands of dollars in commission payments. Dumouchel has been barred by the Financial Industry Regulatory Authority (FINRA) […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]

NFL Chargers star Dwight Freeney is furious that his former financial advisor, Eva Weinberg received what is basically a 'slap on the wrist' for allegedly swindling him out of millions of dollars. He is now asking the judge to send her to prison. Court documents were filed on Monday in California alleging that Weinberg and […]

NFL Chargers star Dwight Freeney is furious that his former financial advisor, Eva Weinberg received what is basically a 'slap on the wrist' for allegedly swindling him out of millions of dollars. He is now asking the judge to send her to prison. Court documents were filed on Monday in California alleging that Weinberg and […]

Peggy Fulford and King Management Group and Associates have been sued in Federal Court by former NFL running back Ricky Williams. Williams is seeking a restraining order and injunction against Fulford, his former financial advisor, and damages for theft, breach of contract, and breach of fiduciary duty. Williams alleges his financial advisor impersonated his wife […]