There was a recent report in the Wall Street Journal that former Nebraska football players, Steve Octavien and Marlon Lucky, accepted gifts from financial advisor, MARY R. WONG (CRD# 1745747), while they were at Nebraska. This was in an article about financial advisors who take advantage of athletes. Steve Octavien and brothers Daniel and Josh […]

Yesterday, on this blog we wrote that The Financial Industry Regulatory Authority (FINRA) recently filed a cease-and-desist order against Success Trade Securities. It has now been reported that federal investigators are interested in speaking to multiple NFL and NBA players regarding an $18 million investment scheme. The U.S. Department of Justice, the Federal Bureau of […]

The Financial Industry Regulatory Authority (FINRA) recently filed a cease-and-desist order against Success Trade Securities. Allegedly the online investment firm scammed its investors, which included a number of professional athletes. FINRA issued a complaint against Success Trade and its CEO and President, Fuad Ahmed, accusing fraud in the sales of $18 million in notes issued […]

On FINRA's website, the Financial Industry Regulatory Authority, announced that it has barred broker Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player, to invest in illiquid, high-risk securities issued in connection with a now-bankrupt casino in Alabama. As a result, the customer lost […]