FRANKOWSKI FIRM INVESTIGATING STOCK BROKER THOMAS J. BUCK
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 […]
Scott Valente Still Guilty of Defrauding More Than 100 Victims
In 2015, Scott Valente was sentenced for securities fraud, mail fraud, and obstruction of justice to 20 years in prison and fines over $5 million. However, in April of 2017, that conviction was overturned in the US Court of Appeals, Second Circuit. A new trial was held in July, and Mr. Valente was again sentenced […]
Registered Investment Advisors vs. Brokers: Who Do You Need?
Whether you are just beginning to build an investment portfolio, or have been investing for years, chances are you will need the guidance of a finance professional to ensure that your investments are sound and protected. Depending on your needs, risk tolerance and interests, you may find yourself working with a registered investment advisor (RIA) […]
Wells Fargo Facing 401(k) Suit For Cross-Selling
Wells Fargo & Co. is facing more legal trouble after the bank’s recent cross-selling scandal was revealed last month. A participant in Wells Fargo’s 401(k) plan brought suit against the bank for a “material drop” in its stock price following the news of the scandal, described as a “criminal epidemic” that caused hundred of millions […]
Wells Fargo Broker Banned By FINRA
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Banker Who Faked His Own Death Barred From Securities Industry
The SEC has barred from the securities industry Aubrey Lee Price, an imprisoned former Georgia investment adviser who pleaded guilty in 2014 to a massive fraud that helped bring down his troubled bank and cheated his clients out of millions of dollars. The penalty is inconsequential as Price is expected to spend three decades in […]
FSC Securities To Pay $1.28M In Ponzi Case
FSC Securities will pay a $1.28 million arbitration award to investors who were defrauded by Aubrey Lee Price, who had feigned his death in 2012 to avoid being investigated for his $40 million Ponzi scheme. FSC, a broker-dealer in the AIG Advisor Group, was alleged by 8 investors to have failed to supervise a number […]
Six Banks Fined Over $4B In Currency Probe
About the Frankowski Firm “The primary goal of our law firm is to provide service to those who do not have a voice and need strong, courageous representation.”—Richard Frankowski Who we are The Frankowski difference When we believe broker negligence or fraud has injured our clients, we bring the claims in the appropriate legal forums. Depending […]
Ex-TD Bank VP Charged In Florida Ponzi Scheme Case
Frank Spinosa, a former vice president of TD Bank from Fort Lauderdale, is facing a potential 20 year imprisonment sentence if convicted on charges made by the FBI in relation to an extensive Ponzi scheme in South Florida. Spinosa is believed to have participated in Scott Rothstein’s $1.2 billion investment fraud. Spinosa was fired from […]
Irish Businessman Receives Seven Years For $11M Ponzi Scheme
Breifne O’Brien, an Irish businessman and socialite, was sentenced this week by a court in Ireland to seven years imprisonment for operating a $10.8 million Ponzi scheme. The scheme consisted of O’Brien selling fake property investments before Ireland’s real estate collapse in 2008. O’Brien pleaded guilty to 14 counts of fraud and theft with regard […]