+1-888-741-7503

|Richard@frankowskifirm.com

Gregory Dean And Donald Fowler Charged By SEC

The SEC charged two brokers, Gregory Dean and Donald Fowler, with violations of securities laws for a fraudulent excessive-trading scheme designed to profit themselves at the expense of their clients. The SEC accused Dean and Fowler of using a “high-cost trading strategy consisting of the excessive buying and selling of stocks” that led to “enormous losses” for customers but profited them through “substantial commissions and other fees.” The complaint, which was filed by the SEC in New York district court, states that Dean and Fowler used this strategy in twenty-seven client accounts while registered at J.D. Nicholas & Associates Inc., a broker-dealer no longer in business that was based in Syosset, New York, without “having a reasonable basis for believing the strategy was suitable for anyone.” The SEC claims the two churned three of those twenty-seven accounts. “This case marks another chapter in the SEC's pursuit of brokers who deploy excessive trading as a strategy in customer accounts to enrich themselves at customers' [...]

By |January 11th, 2017|Broker Check, Fraud, Press Releases & News, SEC|
Read More

Ash Narayan Banned For Defrauding Pro Athletes

Former financial adviser Ash Narayan agreed to be barred from associating with brokerage or advisory firms to settle regulators' allegations that he secretly received nearly $2 million from companies that he invested his professional athlete clients in for at least five years. Narayan additionally placed clients in unsuitable private investments and misrepresented himself as a CPA, according to a complaint filed by the SEC. Narayan, who was managing director of the Irvine, California office of RGT Wealth Advisors, a Dallas firm with about $4.3 billion in assets under management, was temporarily suspended by the Certified Financial Planner Board of Standards in October, pending investigation of the allegations. In February, RGT Wealth Advisors terminated Mr. Narayan, who had worked there since 1997, according to the SEC complaint. The alleged fraud occurred between 2010 and early 2016, during which time he directed $33 million to a company he was heavily involved with and knew was in poor financial condition. [...]

By |December 30th, 2016|Fraud, Press Releases & News, SEC|
Read More

In for a Penny, In for More Than a Pound

Many people follow the stock market as a hobby. Some of them invest in “penny stocks,” which are stocks that are not listed on exchanges like the NYSE or NASDAQ. Instead they are listed on the pink sheets or the over the counter bulletin and trade for under $5 per share. Brokers do not generally recommend penny stocks because they are high risk. On rare occasions, however, they can produce great returns and the idea of striking it rich off of a long shot is sometimes too tempting to uninformed investors. Why penny stocks are a risky investment We want to look at the main reasons why penny stocks are a bad investment idea – for the first-time investor or the seasoned one. First, penny stocks are not sold by reputable companies (referred to as “blue chip”) with a well-established history. Most companies with these types of stocks are either newly-formed, or on the verge of bankruptcy. Second, penny stocks [...]

By |December 21st, 2016|Fraud|
Read More

Birmingham

Don't Fall Victim: Birmingham Stockbroker Negligence Lawyers Are Here to Help! Investing your hard-earned money should be a path to financial growth, not a road to ruin. However, the unfortunate reality is that Birmingham stockbroker negligence lawyers exist, and it can threaten your financial security. If you suspect any wrongdoing with your investments, swift action is essential to protect yourself and your assets. Here's what you need to know and do if you find yourself in this situation. Contact the Appropriate Authorities Reporting suspected broker fraud attorneys to regulatory agencies like the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) is paramount. These agencies possess the expertise and resources to investigate such cases thoroughly and take legal action if necessary. Consult with an Experienced Birmingham stockbroker negligence lawyers Seeking guidance from seasoned Birmingham FINRA Arbitration Attorneys is essential. These professionals specialize in such cases and can provide invaluable advice, explain your rights, and [...]

By |December 9th, 2016|
Read More

Fill Out The Form To Receive A Free Confidential Consultation

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 facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. 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.