The Investment Loss Recovery Team at Ciklin Lubitz & O’Connell frequently investigates the most recent Securities Fraud and Open Investment Lawsuits. Please review our list of current investigations below.
If you would like to discuss any matter relating to your investment firm, advisor, or accounts with an experienced attorney, please contact us for a no-cost case evaluation.
1 – Leon Rehak, a financial consultant with LPL Financial in Pompano Beach, Florida, and previously with Raymond James & Associates, has had customer complaints including allegations of excessive trading, churning, unauthorized trading breach of fiduciary duty, and other allegations and claims. See FINRA brokercheck. If you are an investor who suffered losses with Rehak,…Read More
1 – Dennis Rasmusson was a financial consultant with Berthel Fisher & Co., and previously with VSR Financial Corp. Rasmusson has had customer complaints including allegations of excessive trading, breach of fiduciary duty, and mismanagement of customer investment portfolios. See FINRA brokercheck. If you are an investor who suffered losses with Rasmusson, Berthel Fisher &…Read More
1 – The New Jersey Bureau of Securities has fined LPL Financial almost $1 million for unsuitable REIT and BDC sales. According to InvestmentNews, LPL Financial allegedly let its brokers sell excessive amounts of alternative investments and failed to supervise its brokers concerning suitability requirements tied to the sale of illiquid alternative investments. New Jersey…Read More
ThinkAdvisor.com reported on 10/20/17 that Massachusetts securities regulators charged a Waltham, Mass. based investment advisor and his firm with allegations of fraudulent and dishonest conduct as well as breaches of fiduciary duty. The underlying issues related to the firm, Moser Capital Management and its raising capital in Moser Capital Fund, LLC and in Moser Capital…Read More
A recent report has detailed rampant elder financial abuse in the United States. Two nonprofit public interest groups, the Frontier Group and the U.S. PIRG Education Fund, analyzed more than 72,000 complaints filed with the Consumer Financial Protection Bureau (CFPB) and discovered that the CFPB has logged more than 72,000 elder abuse complaints since its…Read More
1 – CNBC reported on 8/16/17 that while D.C. deregulates, the states are stepping in as Wall Street watchdogs. For example, the Massachusetts state securities regulator announced a recent investigation into how top U.S. brokerage firms handle customer buy and sell orders and whether customers are getting the best prices for their trades. 2 –…Read More
1 – On Wednesday, August 9, 2017, the Department of Labor (DOL) sought an 18 month delay for implementing the final part of its fiduciary. Many observe that this delay is certainly beneficial to the industry stake holders at the expense of individual investors. The rule actually went into effect on June 9, 2017, but…Read More
1 – The North American Securities Administrators Association (NASAA), an association of state securities regulators, released a 23-page report of a broker-dealer survey conducted in 2016 focusing on senior investors. The report was released in mid-June 2017 and it included data from 60 broker-dealer firms relating to the supervision of seniors’ accounts and escalation of…Read More
1 – Gary Kenneth Rasmussen is registered with J.W. Cole Financial, and previously registered with Financial Advisors of America. Rasmussen is believed to have been the subject of one or more customer complaints related to alleged recommendations of unsuitable investment products. See: FINRA brokercheck. If you are an investor who has suffered losses with Rasmussen,…Read More
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…Read More