Investors might have sustained losses due to securities broker Stephen Russell Stanford (also known as Steve Stanford) [CRD: 1686790, San Francisco, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Stephen Stanford joined Portsmouth Financial Services on March 18, 2013. Additionally, he joined Portsmouth Financial Services Inc. in Fairhope, Alabama, on July 25, 2019. The following information concerns Stephen Stanford’s disclosures.
Evidently, a Portsmouth Financial Services client filed FINRA Arbitration No. 23-03410 about Stephen Stanford. Mainly, the client alleged that Stanford provided misleading investment advice, failed to conduct due diligence, and made unsuitable recommendations concerning GWG L bonds and preferred stock. For this reason, on April 16, 2024, Portsmouth Financial Services settled this matter by paying the client $25,000 in damages.
Additionally, a client of both PaineWebber Inc. and J.C. Bradford contested Stephen Stanford’s sales practices, according to a complaint. Allegedly, Stanford engaged in unauthorized trading. It appears that Stanford caused the client to sustain damages. As a result, the firms opted to settle the matter on October 31, 2000, by compensating the client in the amount of $225,000.
Did you experience losses because of Stephen Stanford? If you have, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer concerning a possible recovery. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Stanford and brokerage firms Stanford worked for deny accusations of sales practice violations.
What investors should know about leveraged tax-loss harvesting, short positions, fees, and suitability. Tax-aware long-short investing can be presented as a sophisticated way to generate capital losses and reduce current taxes. But it is not merely a tax-planning overlay. It is an active, leveraged investment strategy that can produce substantial economic losses, high carrying costs, […]
Investors may have suffered financial harm by securities broker David Andrew Kangas [CRD: 6591398, Richmond, Virginia], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kangas has worked for WealthForge Securities LLC since November 1, 2019. Keep reading to find out more about Kangas’s disclosures. WealthForge Investor Accused Kangas Of Breach Of […]
Financial Industry Regulatory Authority initiated a complaint against securities broker Keith Charles Moore [CRD: 5191450, Irvine, California], based on public information on BrokerCheck. Moore worked for Sutter Securities Clearing LLC from August 24, 2017, to February 16, 2024, and Sutter Securities Incorporated from April 17, 2019, to February 16, 2024. Continue reading to learn more […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com