In The News

Morgan Stanley Put My Money in Unsuitable Investments: Elderly Client

May 21, 2020

Lawyers for an elderly Dallas investor say they have filed a Finra arbitration claim against Morgan Stanley and one of its brokers alleging that the firm’s “unsuitable recommendations” cost the investor more than half a million dollars in losses. Source:...

Wells Fargo Nearing $3B Settlement: Reports

Feb 25, 2020

Wells Fargo is set to pay some $3 billion to settle federal investigations of its fake accounts and related client abuses, according to several news reports. CLICK HERE to read the full article. Source: ThinkAdvisor.com | By Janet Levaux | February 21, 2020, at...

Ex-MLB Player Wins $2M Payout From Merrill in Bond Dispute

Jan 23, 2020

Former outfielder Angel Pagán said his rep put his money in unsuitable Puerto Rico muni bonds and closed-end bond funds. Source: ThinkAdvisor.com | By Jeff Berman | January 22, 2020, at 3:24 PM Brian Rezny warned investors, “stay away from Puerto Rico...

J.P. Morgan Securities to Pay SEC $1.5M for Share Class Violations

Jan 16, 2020

“The brokerage firm failed to provide retail retirement account and charity customers with sales charge waivers and lower-fee share classes.” Source: ThinkAdvisor.com | By Melanie Waddell | January 15, 2020, at 2:12 PM CLICK HERE to read the full...

Bottom Half of Households Nearly 50% Richer Under Trump

Jan 14, 2020

“The Trump economy is giving the greatest benefits to those who have been at the bottom, according to new data from the Council of Economic Advisers.” Source: WesternJournal.com | By Jack Davis | January 11, 2020, at 8:16 AM CLICK HERE to read the full...

FINRA Bars Brokers Who Wronged Elderly Clients

Jan 6, 2020

The Financial Industry Regulatory Authority separately barred two brokers who, among other infractions, allegedly treated elderly clients badly and then didn’t cooperate with FINRA’s investigations into their actions, according to the regulator. Source:...