The Frankowski Firm - The Frankowski Firm

ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT
Gallery
ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT

Current Investigation

ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT

Ann Vanderslice, a/k/a Ann Werts has been named in a $250,000 FINRA arbitration claim brought by a customer alleging that Ms. Vanderslice made unsuitable investment recommendations and failed to do due diligence on new offerings, according to her FINRA BrokerCheck Report. Ann Vanderslice Complaint History The report shows that Ann Vanderslice has worked for ten different firms in her 16-year career as an investment adviser and has been the subject of three reportable events, including an employment separation following a customer’s allegation that Ms. Vanderslice misrepresented a variable annuity rider and forged the customer’s signature. Ann Vanderslice is currently registered through Madison Avenue Securities, LLC of Lakewood, Colorado and independent advisor AE Wealth Management, LLC. For seven years, Ms. Vanderslice was registered through Cabot Lodge Securities, LLC, also of Lakewood, Colorado. Ann Vanderslice also presently does business as “Federal Benefits Made Simple,” along with financial advisors Jason Johnson, Ashley Robinson, and Dan Werts. Ann Vanderslice is alleged to have sold [...]

By The Frankowski Firm|May 12th, 2022|Current Investigation|

HARVEY LINDER SUED BY ALABAMA SECURITIES COMMISSION IN UNPRECEDENTED LAWSUIT TO OVERTURN CORRUPT EXPUNGEMENT AWARDS
Gallery
HARVEY LINDER SUED BY ALABAMA SECURITIES COMMISSION IN UNPRECEDENTED LAWSUIT TO OVERTURN CORRUPT EXPUNGEMENT AWARDS

Legal Matters

HARVEY LINDER SUED BY ALABAMA SECURITIES COMMISSION IN UNPRECEDENTED LAWSUIT TO OVERTURN CORRUPT EXPUNGEMENT AWARDS

Alabama Securities Commissioner Joseph Borg has brought a lawsuit against Financial Industry Regulatory Authority (“FINRA”) arbitrator Harvey Linder, alleging that Mr. Linder engaged in “fraud, corruption, and undue means” in expunging (i.e., wiping clean) five customer complaints brought against financial advisor Kent Kirby, formerly of Merrill Lynch. Harvey Linder Accused of Fraud According to the allegations, Harvey Linder also engaged in misconduct by failing to permit one of the customers from presenting documents or testimony to rebut false testimony by Mr. Kirby, essentially kicking the customer out of the hearing. The case dovetails with a decision from the Fulton County Georgia Superior Court earlier this year, in which the judge overturned an arbitration award based on the court’s finding that Wells Fargo and its counsel had manipulated the FINRA arbitrator selection process. Harvey Linder is one of the most frequently selected arbitrators in the country. FINRA’s rules and arbitrator training include a presumption against expungement – describing expungement as an [...]

By The Frankowski Firm|May 9th, 2022|Legal Matters|

EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM
Gallery
EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM

Current Investigation, Legal Matters

EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM

According to Investment News, Tony Barouti, a stockbroker registered with Emerson Equity and based in Los Angeles, California, has been hit with a $1.37 million arbitration claim from customers who lost money in GWG Holdings L Bond investments. As previously covered in this space, GWG Holdings, Inc., a financial services firm based in Dallas, Texas, filed for bankruptcy on Wednesday, April 20. The bankruptcy followed the company’s failures to make principal and interest payments on its L Bonds series and its missed deadlines to file audited financial statements for the past two years. GWG L Bonds shares have collapsed in the wake of the GWG Holdings bankruptcy filing. What are GWG L Bonds? GWG Holdings, through subsidiary GWG Life, LLC, owns life insurance policies. GWG Holdings used these policies to form investments called “L Bonds.” These L Bonds allowed investors to purchase life insurance policies on a secondary market, using payouts from the deaths of the insureds to pay investors. GWG L Bonds [...]

By The Frankowski Firm|May 5th, 2022|Current Investigation, Legal Matters|