1-800-856-3352

Weekly Report – 7/14/17

1 – Dion Padilla was registered with NEXT Financial Group, LLC and Padilla is believed to have been the subject of a FINRA regulatory action based on allegations relating to variable annuity transactions that may have included misrepresentations and/or unauthorized transactions.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Padilla at NEXT Financial, or relating to a variable annuity transaction, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.   

2- In the first half of 2017, the S&P 500 was up over 9%, but some funds and ETFs have posted significant losses during the same time period. InvestmentNews.com reported on July 12, 2017 that the biggest losers in the first half of 2017 included the following:

  • ProShares Ultra VIX Short-Term Futures ETF (UVXY) declined nearly 78%
  • iPath S&P 500 VIX Short-Term Futures ETN (VXX) fell nearly 50%
  • PowerShares S&P Small Cap Energy ETF (PSCE) down 37%
  • Direxion Daily Healthcare Bear 3x ETF (SICK) down nearly 37%
  • ProFunds Ultra Short NASDAQ 100 (USPIX) down over 27%
  • Direxion Daily 20+ year Treasury Bear 3x Shares (TMV) down over 18%
  • CM Advisors Small Cap Value (CMOVX) down over 18%

If you are an investor who has suffered losses based on the advice or recommendations of an investment adviser, or broker-dealer that has included: UVXY, VXX, PSCE, SICK, USPIX, TMV, CMOVX, or other investments, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.  

3 – Nicolas Toadvine from Lakeland, Florida, was most recently registered with Calton & Associates, Inc. and previously registered with Brookstone Securities, Inc. and Cabot Lodge Securities, LLC.  Toadvine is believed to have at least one or more customer complaints involving allegations relating to non-traded real estate investment trusts (non-traded REITs) and real estate related investments.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Toadvine at Calton & Associates, Brookstone Securities, or Cabot Lodge Securities relating to non-traded REITs, real estate related investments or any other investments, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.  

4 – Walter Starghill of Southfield, Michigan was registered with Lincoln Investment, and previously registered with Chase Investment Services and NYLife Securities.  Starghill is believed to have been discharged by Lincoln over allegations related to his participation in a private securities transaction or outside business activity in violation of firm policies and involving an entity known as TSG Transportation, LLC.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Starghill at Lincoln Investment, Chase Investment Services, or NYLife Securities, involving TSG Transportation, LLC, or any other investments, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.  

5 – On 7/12/17, The New York Times reported that “New SEC Chairman Pledges to Look After Ordinary Investors.”  In his first public speech as the nation’s top securities cop, Walter J. Clayton sent a message that he would not shy away from looking out for the interests of mom-and-pop investors.  In a roughly 25-minute speech, few specific policies were discussed beyond his calling for an advisory board to review transparency of the bond market and a continued crackdown on stock swindles.  Mr. Clayton did outline a number of principles that he said would guide his stewardship of the SEC including a commitment to protect the long-term interests of the Main Street investor.  If you are an investor who has suffered losses based on the advice of a stockbroker, financial consultant, or investment advisor, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.