Blog

Home/Blog/
Jan 4, 2018

FRANKOWSKI FIRM INVESTIGATING CLAIMS AGAINST AEQUITAS CAPITAL MANAGEMENT

By |January 4th, 2018|Ponzi Scheme|

The Frankowski Firm is investigating potential claims against Aequitas Capital Management of Lake Oswego, Oregon. The Securities and Exchange Commission has brought charges against Aequitas and three of its top executives for allegedly running a $350 million Ponzi scheme. The SEC allegations claim that, since 2014, Aequitas defrauded investors into thinking they were investing in [...]

Dec 28, 2017

FINRA BARS FORMER MML INVESTORS SERVICES BROKER BRIAN MICHAEL TRAVERS FOR REFUSING TO COOPERATE WITH FINRA INVESTIGATION

By |December 28th, 2017|FINRA|

The Frankowski Firm is investigating potential claims against MML Investors Services, Inc., of Springfield, Massachusetts. The firm has been the subject of ten regulatory actions within the past ten years, not including this month’s FINRA permanent bar of former MML broker Brian Michael Travers of Long Island, New York for failing to cooperate with FINRA’s [...]

Dec 23, 2017

SEC CHARGES WOODBRIDGE GROUP AND FOUNDER ROBERT SHAPIRO WITH RUNNING $1.2 BILLION PONZI SCHEME

By |December 23rd, 2017|Ponzi Scheme|

Did you lose money investing with the Woodbridge Group? The Frankowski Firm can help The Securities and Exchange Commission (“SEC”) announced yesterday that it was bringing charges and freezing the assets of a group of unregistered funds and their owner based on allegations that the Woodbridge Group and its founder, Robert Shapiro, bilked investors (many [...]

Dec 22, 2017

FRANKOWSKI FIRM INVESTIGATING POTENTIAL CLAIMS AGAINST LPL FINANCIAL LLC AND CHARLES FACKRELL

By |December 22nd, 2017|Fraud|

The Frankowski Firm is investigating potential claims against LPL Financial, LLC and its former broker Charles Fackrell, of Yadkinville, North Carolina, following a Financial Industry Regulatory Authority (“FINRA”) arbitration award of $462,000 against the firm based on Mr. Fackrell’s fraudulent Ponzi scheme and unsuitable trading in LPL customers’ accounts. Mr. Fackrell accepted a permanent bar [...]

Dec 15, 2017

SEC ANNOUNCES FINES, CENSURE OF AMERIPRICE FINANCIAL FOR F-SQUARED ALPHASECTOR STRATEGIES

By |December 15th, 2017|Fraud|

The Securities and Exchange Commission (“SEC”) has censured and fined Ameriprise Financial for its continued use of F-Squared AlphaSector strategies in its marketing to clients, even after learning that the AlphaSector strategies were based on flawed calculations. The F-Squared AlphaSector strategies were a mathematical algorithm which purported to calculate an appropriate buy or sell “signal” [...]

Dec 12, 2017

FRANKOWSKI FIRM INVESTIGATING POTENTIAL CLAIMS AGAINST FORMER WELLS FARGO BROKERS CHARLES FRIEDA AND CHARLES LYNCH

By |December 12th, 2017|FINRA|

The Frankowski Firm is investigating potential claims against Wells Fargo Securities and its former brokers Charles Frieda and Charles Lynch, of Irvine, California, following a Financial Industry Regulatory Authority (“FINRA”) action banning them from the securities industry. According to the FINRA sanctions, the two brokers recommended to a majority of their customers an unsuitable and [...]

Dec 11, 2017

FRANKOWSKI FIRM INVESTIGATING POTENTIAL CLAIMS AGAINST MORGAN STANLEY FOR UNSUPERVISED SALES OF UNIT INVESTMENT TRUSTS

By |December 11th, 2017|FINRA|

The Frankowski Firm is investigating potential claims against Morgan Stanley Smith Barney LLC, based on a $3.25 million fine and $9.78 million in customer restitution ordered by the Financial Industry Regulatory Authority (“FINRA”) against the firm for its supervisory failures related to short-term trades of unit investment trusts (UITs). A UIT is a company that [...]

Nov 21, 2017

FRANKOWSKI FIRM INVESTIGATING POTENTIAL CLAIMS AGAINST MORGAN STANLEY SMITH BARNEY AND TIMOTHY THOMAS GIBBONS

By |November 21st, 2017|Fraud|

The Frankowski Firm is investigating potential claims against former Morgan Stanley Smith Barney broker Timothy Thomas Gibbons of New Orleans, based on allegations that in 2014 he made unsuitable recommendations to elderly investors, advising them to place high percentages of their accounts (in one instance 79% of a customer’s portfolio) in a single high-risk energy [...]

Nov 17, 2017

FRANKOWSKI FIRM INVESTIGATING POTENTIAL CLAIMS AGAINST MARK AUGUSTA AND WEDBUSH SECURITIES

By |November 17th, 2017|Bonds|

The Frankowski Firm is investigating potential claims against Wedbush Securities broker Mark Augusta for unsuitable and misrepresented sales of Puerto Rican municipal bonds and/or municipal bond funds to Wedbush customers. These bonds have declined precipitously in value, brought on by economic instability within the Commonwealth and worsened by the devastation of Hurricane Maria. Because of [...]

Nov 13, 2017

Puerto Rico Municipal Bond Collapse Continues

By |November 13th, 2017|Bonds|

Municipal bonds are a commonly-used source of revenue for governments: they are relatively stable, tax-free investments, and in times of rising interest rates, their value increases. Puerto Rico’s municipal bonds have been declining in value since 2013, and the recent declaration of municipal bankruptcy, along with devastating hurricanes like Maria, have led to an even [...]

Nov 9, 2017

FINRA WARNS ARBITRATION PARTICIPANTS REGARDING USE OF NON-LAWER REPRESENTATIVES

By |November 9th, 2017|FINRA|

The Financial Industry Regulatory Authority (“FINRA”) conducts more than 99% of the securities-related legal disputes in the United States, pursuant to FINRA’s code of arbitration procedures. Participants in FINRA arbitration may represent themselves, may have an attorney representative, and (subject to certain exceptions) may even hire a non-attorney representative. FINRA’s New York-based director of dispute [...]

Nov 7, 2017

SEC INVESTIGATING POTENTIAL REGULATORY ACTION AGAINST WOODBRIDGE GROUP OF COMPANIES

By |November 7th, 2017|Fraud|

According to a subpoena enforcement action filed in federal court in Miami by the Securities and Exchange Commission, the SEC is investigating whether the Woodbridge Group of Companies, LLC of Sherman Oaks, California, has violated, or is violating, the antifraud, broker-dealer and securities registration provisions of federal securities laws. Woodbridge has received over $1 billion [...]

Nov 7, 2017

FINRA CENSURES QUESTAR CAPITAL CORP. FOR OVERCHARGING INVESTORS, SUPERVISORY FAILURES

By |November 7th, 2017|FINRA|

The Financial Industry Regulatory Authority (“FINRA”) has accepted a letter of Acceptance, Waiver, and Consent from Questar Capital Corporation, of Minneapolis, Minnesota, for its failure to identify and apply sales charge waivers to eligible retirement accounts and charitable organizations. Without admitting or denying any findings made against it, Questar accepted a censure from FINRA and [...]

Nov 4, 2017

FRANKOWSKI FIRM INVESTIGATING LPL FINANCIAL, LLC FOR SALE OF NON-TRADED REITS IN NEW JERSEY

By |November 4th, 2017|REIT|

The New Jersey Bureau of Securities has entered an Administrative Consent Order making findings against LPL Financial and assessing a civil penalty of $950,000 for LPL’s unsuitable sales of alternative investments including non-traded real estate investment trusts (REITs), non-traded business development companies (BDCs), and other non-traded (and therefore illiquid) investments. The Bureau found that LPL [...]

Nov 2, 2017

FRANKOWSKI FIRM INVESTIGATING STOCK BROKER THOMAS J. BUCK

By |November 2nd, 2017|Banking Fraud|

The Securities and Exchange Commission filed a Complaint yesterday against former RBC Capital Markets and Merrill Lynch broker Thomas J. Buck, who was employed in the Indianapolis, Indiana area. According to the allegations, Buck made false representations and omissions to certain clients regarding fees and commissions charged in their accounts and by making unauthorized trades [...]

Oct 25, 2017

Wells Fargo Punished for Selling Risky Investments It Didn’t Understand

By |October 25th, 2017|Misrepresentation and Fraud|

Last week, the Financial Industry Regulatory Authority (“FINRA”) ordered Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC to pay more than $3.4 million in restitution to investors based on Wells Fargo’s unsuitable recommendation of volatility-linked exchange-traded products (ETPs) and related supervisory failures. FINRA found that between July 2010 and May 2012, [...]

Oct 18, 2017

FINRA Punishes Morgan Stanley for Pushing Variable Annuity on Unsuitable Investor

By |October 18th, 2017|Misrepresentation and Fraud|

An arbitration panel of the Financial Industry Regulatory Authority (“FINRA”) has ordered Morgan Stanley to pay $200,000 plus interest to one if its customers while also rescinding her investment in a variable annuity, with a waiver of any surrender fees. The panel found that although the Morgan Stanley broker, Helen Holmes Timpe (formerly of the [...]

Oct 17, 2017

FINRA Launches New Investment Protection to Combat Elder Abuse

By |October 17th, 2017|FINRA|

Financial abuse of senior citizens is a growing trend as more and more Americans are living longer. All the wise steps financial advisors recommend to working adults saving for retirement can backfire spectacularly when retirees become the target of financial predators. To combat this, FINRA has drafted a new rule to target the financial exploitation  [...]

Oct 11, 2017

After Every Natural Disaster Comes a Tidal Wave – of Fraud

By |October 11th, 2017|Fraud|

Though it is very much like adding insult to injury, one of the more pervasive issues that crests shortly after any natural disaster is stock fraud. Perhaps hoping that consumers are distracted by their woes, or blinded by other outpourings of generosity, scam artists take these opportunities to cast a wide net, blanketing the area [...]

Free Case Evaluation

Call 888-741-7503 now or fill out the form above
to receive a free confidential consultation.
The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on the facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among other factors. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama and Florida. He is not licensed in any other state, including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico, New York, North Carolina, Tennessee, Texas.
TEXT US888.741.7503