SEC brought a complaint against John Nicholas Matson [CRD: 1796541, Manhattan Beach, California], and LPL Financial LLC investors complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Matson worked for LPL Financial LLC from November 2, 2017, to December 7, 2022, and for Ameriprise Financial Services Inc. from June 22, […]

SEC Bars Securities America's Hector May Soreide Law Group is evaluating possible claims against Securities America, Inc. general securities representative and Executive Compensation Planners Inc. President, Hector May (CRD#: 323779, New City, NY). Evidently, in December 2018, May pleaded guilty to 1 count of investment adviser fraud and 1 count of conspiracy to commit wire […]

There has been a lawsuit filed by an investor in a hotel at Jay Peak Vermont against Raymond James Financial in Miami Federal Court. The plaintiff alleges that Raymond James Financial aided and abetted the developers of the Jay Peak Resort in diverting $200 million in immigrant investor funds. The lawsuit alleges that Ariel Quiros […]

FREDERICK E. MONROE JR (CRD# 2457010) (aka FRED MONROE JR, FREDERICK EUGENE JR MONROE), a 59 year-old Albany, New York financial planner and former senior vice president at Capital Financial Planning, pleaded not guilty to charges against him for defrauding investors out of more than $1 million. The felony complaint claims Monroe defrauded three victims […]

PATRICK E. CHURCHVILLE (CRD# 2245842), a 46 year-old Barrington, Rhode Island former broker, was charged May 8, 2015, by the SEC in an alleged $11 million Ponzi scheme which occured from December 2010 - November 2012. Churchville faces several charges connected with his ClearPath Wealth Management firm, which included diverting $2.5 million in 2011 to […]

BRYAN W. ANDERSON (CRD# 3116269), a 40 year-old Hoover, Alabama broker, was charged with fraud and money laundering December 29, 2014. Allegedly Anderson, who was a registered broker for 14 years, conducted a Ponzi scheme between 2009 and May of 2014. State and federal investigators announced that the investors/victims lost over $3 million. Anderson has […]

Robert E. Lee Jr.,(CRD# 1824202) 50, a broker and financial advisor from Oxford, Connecticut, was charged with allegedly operating a Ponzi scheme. He was charged with five counts of wire fraud on Oct. 7, 2014. A New Haven grand jury returned the indictment and each count of wire fraud carries a maximum term of 20 […]

Claude Darrell McDougal, 55, Charlotte, NC, pleaded guilty in US District Court to securities fraud. McDougal was accused of running a Ponzi scheme, bilking approximately twenty-five of his Charlotte investors out of $2.5 million between 2006 and 2010. McDougal faces up to 20 years in prison and a $5 million fine. Allegedly, McDougal's told clients […]

Michigan's Attorney General charged MARY A. FAHER (CRD# 2852644) of Stevensville, Michigan, who worked as an investment advisor with The Diversified Group Advisory Firm, beginning in 2011, with running a Ponzi Scheme that defrauded senior citizens out of millions of dollars. Faher was arraigned on four counts of Securities Fraud. Multiple charges have also been […]