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Thomas J. Buck, a former broker at Merrill Lynch, agreed to a $5 million settlement with the Securities and Exchange Commission (SEC) over allegations that he overcharged his clients millions of dollars in fees. Former Merrill Lynch broker Thomas J. Buck profited $2.5M in excessive fees from at least 50 clients. The SEC accused Buck [...]

The Securities and Exchange Commission (SEC) recently brought suit against former Stratton Oakmont broker Leonard Vincent Lombardo, his company The Leonard Vincent Group, and his business partner and company CFO Brian Hudlin, for their alleged participation in a multi-million dollar real estate scheme. Are you a victim of the real estate scheme? Contact us for [...]

FINRA has ordered Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC to pay more than $3.4 million for making unsuitable recommendations of volatility linked exchange traded products (ETPs) to its customers. FINRA warns that volatility linked ETPs should not be used as part of a long-term buy and hold investment strategy [...]

Natural disasters, such as Hurricane Harvey, unfortunately give rise to investment scams promoting fake companies purportedly involved in relief efforts. The recent California wildfires are no exception. The Securities and Exchange Commission (SEC), the federal regulatory agency charged with protecting investors, recently issued a warning about investment scams related to the ongoing California wildfires. The [...]