According to a recent article in InvestmentNews, the already troubled GPB Capital Holdings private placement told investors in a letter dated January 23, 2020, that they will not be able to provide Schedule K-1 tax documents to their approximately 6,350 investors, or limited partners, by at least April 15th in one of its largest funds, […]

UBS Customers File Disputes About Dwight West Soreide Law Group is investigating potential investor claims of bad securities sales by broker Dwight West [CRD#: 463778, Lone Tree, Colorado]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that no less than 6 clients contested the securities recommendations or sales of the securities broker, who joined UBS […]

KRAIG WILLIAM GIER (KRAIG GIER) CRD#: 2475869, a former financial advisor from Independence, Missouri, pleaded guilty to two counts of wire fraud in the US District Court for the Western District of Missouri.  Gier admitted stealing more than $1 million from two of his elderly clients according to news reports. According to the STL News, […]

Oregon Division Of Financial Regulation Bars Laura Shean Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to prior LPL Financial securities broker Laura Shean [CRD#: 2628756, Medford, Oregon]. Not only has Oregon Division of Financial Regulation and FINRA sanctioned the securities broker for unauthorized transactions, but clients also raised serious […]

Broker Kevin Barbalace Possibly Lied To His Clients Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming allegations of improprieties by Corinthian Partners securities broker Kevin Lawrence Barbalace [CRD#: 4456476, Middletown, New Jersey]. Notably, no less than 5 of Barbalace’s clients at Corinthian Partners and Dawson James Securities contested his sales practices. Not only […]

Westminster Clients Indicate Louis Telerico Caused Their Losses Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker Louis Telerico [CRD#: 443875, Dayton, Ohio]. Supposedly, at least 16 clients raised serious concerns about the securities broker, who worked for Westminster Financial between 2012 and 2016. Also, FINRA sanctioned Telerico […]

Legend Securities Broker Michael Stanton Allegedly Failed To Supervise, Breached Fiduciary Duty Soreide Law Group is investigating potential investor claims involving securities broker Michael Salvatore Stanton [CRD#: 1448072, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that the securities broker, who was a branch office manager for Legend Securities Corp. from […]

KERRY DEAN WILLS (KERRY WILLS) CRD#: 1353739 a registered representative with First Western Securities in Manhattan Beach, California, was fined by the Financial Industry Regulatory Authority Inc. (FINRA) $10,000 and suspended for six months from February 18, 2020 to August 17, 2020, allegedly for borrowing $150,000 from a 90-year-old client. According to FINRA, without admitting […]

EDWARD EARL MATTHES (EDWARD MATTHES, ED MATTHES) CRD#: 2788055, formerly of  MUTUAL OF OMAHA INVESTOR SERVICES, INC of OCONOMOWOC, WISCONSIN, has agreed to settle with the SEC. The former broker was accused of defrauding 26 of his mostly elderly clients, out of approximately $2.4 million between April of 2013 and March of 2019. According to […]