News

In a recent decision, the Financial Industry Regulatory Authority (FINRA) barred broker Hank Mark Werner of Northport, New York for fraudulently churning and excessively trading the accounts of a blind, elderly widow. Did your broker churn your account? Receive a free case review. According to the FINRA decision, Werner had been the elderly widow’s broker [...]

The United States Attorney’s Office for the Eastern District of New York and the Securities and Exchange Commission (SEC) have charged Oyster Bay, New York and its former town supervisor John Venditto with defrauding investors in connection with the town’s municipal securities offerings. According to the SEC’s complaint, Oyster Bay and Venditto allegedly concealed side [...]

The New Jersey Bureau of Securities (the Bureau) ordered Edge Trading, LLC and its president Mark Moskowitz to pay a $1 million civil penalty for selling unregistered securities through a Ponzi scheme. In the Final Order, the Bureau found that from March 2012 through April 2016, Moskowitz raised at least $800,000 from investors, promising that [...]

The New York Attorney General has filed a lawsuit against Dean Mustaphalli and several companies under his control for making unsuitable investments in highly speculative and risky securities, costing his elderly investors millions in losses. Of the over $11 million invested into his hedge fund, Mustaphalli lost $10 million because of his risky and unsuitable [...]