Advisor Ralph Savoie Jailed According to news reports, a financial services expert with over forty years of experience in the industry has been sentenced to 14 years in prison having confessed to stealing up to $1.5 million from his clients. FINANCIAL ADVISER RALPHA SAVOIE JAILED FOR 14 YEARS AFTER ADMITTING TO FRAUD In March this […]

James Polese Sentenced to 5 Years On Tuesday, an ex-Morgan Stanley adviser was sentenced to jail for five years after he confessed to misappropriating client funds to invest in a wind farm project. He also admitted to paying his children’s tuition fees and taking care of other personal expenses with the funds. FORMER ADVISER FOR […]

Unsuitability Lawsuits Filed Concerning Oriental Financial Services, Gustavo Melendez Gustavo Velazquez Melendez (CRD#: 4477946, Humacao, Puerto Rico) used to be an Oriental Financial Services Corp. general securities representative. Apparently, Melendez was associated with the firm between March 30, 2006 and March 6, 2017. Critically, FINRA BrokerCheck shows that approximately 29 customers have filed investment-related disputes […]

Attention: Soreide Law Group Investigating Unsuitable Sales Of GPB Funds Soreide Law Group is investigating potential claims on behalf of investors who purchased GPB Funds because of their broker’s investment recommendations. GPB Halts Private Placement Due To Financial Challenges Apparently, GPB Capital Holdings, founded in April 2013, is an alternative asset management company based in […]

WARNING: Investigation Into Ameritas’ Kristian M. Gaudet’s Possible Conversion Of Customer Funds Kristian M. Gaudet (CRD#: 4190811, Cut Off, Louisiana) is a prior Ameritas Investment Corp. registered representative who Financial Industry Regulatory Authority (“FINRA”) just barred from having any association with a FINRA member. Specifically, Kristian Gaudet submitted a Letter of Acceptance, Waiver and Consent […]

Attention: Customer Files Fraud Claim Involving Windsor Street Broker Anthony Pace Anthony Pace (CRD#: 2481049, New York, New York) is a prior Windsor Street Capital, LP securities representative and supervisor. Apparently, Anthony Pace worked at the firm from October 28, 2015 to May 29, 2018 – the day FINRA expelled the firm. Notably, Anthony Pace […]

Customers Allege Misrepresentation By Allstate Brokers Patrick Phillips, Brian Toms Allstate Financial Services (CRD#: 18272, Lincoln, Nebraska) is a brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”). The firm has reported three regulatory actions concerning its failure to abide by securities industry rules and regulations. For example, FINRA fined the firm $1,000,000.00 for failing […]

Attention: Foresters Financial Services Discharges Brokers Ioulia Guerin, Richard Dismore Foresters Equity Services, Inc. (CRD#: 18464, San Diego, California) is a Financial Industry Regulatory Authority (“FINRA”) member brokerage firm. Evidently, as of December 14, 2018, it is pending withdrawal as a Securities Exchange Commission (“SEC”) registered investment adviser. Apparently, the firm reports on FINRA BrokerCheck […]

Deutsche Bank Securities Terminates Brokers Jonathan Sdao, Joseph Reardon Deutsche Bank Securities Inc. (CRD#: 2525) is a brokerage firm which the Financial Industry Regulatory Authority (“FINRA”) regulates. Also, the firm has an investment advisory which the Securities and Exchange Commission (“SEC”) regulates. Notably, Deutsche Bank Securities has a whopping two hundred eighty disclosures on FINRA […]