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FINRA Fines J.P. Morgan Securities $3.25 Million Over Supervision Failures Tied to Former Broker Edward Turley

By |2026-05-20T08:31:09-04:00May 12th, 2026|Broker / Advisor Investigations, FINRA Arbitration|

FINRA has fined J.P. Morgan Securities LLC $3.25 million after finding that the firm failed to reasonably supervise a registered representative who recommended a leveraged, concentrated high-yield investment strategy that resulted in steep customer losses. According to FINRA’s April 2026 Letter of Acceptance, Waiver, and Consent, from at least January 2016 through April 2020, J.P. [...]

Investor Alert: What the Jeffrey Thomas Higgins Case Reveals About Supervision at Western International Securities and Financial West Group

By |2026-05-10T21:24:53-04:00May 7th, 2026|Investor Alerts|

The allegations against former broker Jeffrey Thomas Higgins are not just about one advisor’s misconduct. They raise a more important question for investors: How can an alleged misappropriation scheme continue for nearly 17 years within regulated brokerage environments? Higgins, who was associated with Western International Securities and Financial West Group, has been charged by federal [...]

Investor Alert: Jeffrey Thomas Higgins Charged in Alleged 17-Year Client Fund Misappropriation Scheme

By |2026-05-11T08:52:45-04:00May 7th, 2026|Broker / Advisor Investigations|

Federal authorities have charged former broker and investment adviser Jeffrey Thomas Higgins in connection with an alleged long-running scheme to misappropriate client funds spanning nearly two decades. According to the U.S. Department of Justice, Higgins is accused of defrauding investors from approximately December 2007 through June 2024 by falsely representing that he was purchasing securities [...]

Recent Broker and Advisor Complaints Across Major Firms (May 2026): A Broader Pattern Investors Should Understand

By |2026-05-11T08:53:50-04:00May 6th, 2026|Broker / Advisor Investigations|

The steady flow of investor complaints involving financial advisors across major brokerage firms continues to highlight persistent risks tied to suitability, disclosure, and supervision. A review of publicly available records through FINRA BrokerCheck shows that customer disputes are not isolated events. Instead, they often reflect recurring issues across firms, including allegations of unsuitable recommendations, misrepresentation, [...]

Crypto Custody Liability: Who Is Responsible When Digital Assets Are Lost?

By |2026-05-11T09:02:38-04:00May 6th, 2026|Legal Playbook|

As cryptocurrency adoption grows, the risk of crypto custody becomes increasingly significant and often misunderstood. Determining legal responsibility for lost, misappropriated, or inaccessible digital assets is often complex. Unlike traditional brokerage accounts, crypto holdings are often managed through multiple layers, including exchanges, third-party custodians, and intermediaries. This structure can create accountability gaps when issues arise. [...]

Investor Alert: Who Is Liable When a Crypto Custodian Fails? Lessons From the Kraken vs. Etana Custody Dispute

By |2026-05-11T09:06:57-04:00May 6th, 2026|Broker / Advisor Investigations|

As litigation between Kraken and Etana Custody unfolds, a critical legal question is coming into focus: who is responsible when crypto custody breaks down and investor funds are lost or inaccessible? While many investors assume that the platform they used is accountable, the reality is often more complex. The Liability Problem in Crypto Custody Crypto [...]

Investor Alert: Redemption Limits and Liquidity Pressure Hit Non-Traded REITs and BDCs

By |2026-05-20T08:16:56-04:00May 6th, 2026|Alternative Investment Losses, Broker / Advisor Investigations|

A series of recent developments across the alternative investment market is raising renewed concerns about liquidity, valuation transparency, and investor risk in non-traded REITs and business development companies (BDCs). Large sponsors including Blue Owl Capital and KKR have faced scrutiny as investors encounter redemption restrictions and capital access delays in private credit and real estate [...]

Investor Alert: Kraken Sues Etana Custody for $25 Million Over Alleged Misappropriation and Ponzi-Like Conduct

By |2026-05-20T09:38:29-04:00May 5th, 2026|Alternative Investment Losses, Broker / Advisor Investigations|

A new lawsuit filed by cryptocurrency exchange Kraken against Etana Custody is raising serious concerns about the integrity of third-party custodial platforms operating within the digital asset ecosystem.Payward Interactive, Inc. et al v. Etana Custody Limited (Justia Lawsuit Docket) The reports: Kraken alleges that Etana engaged in the misappropriation of client funds and operated in [...]

Goliath Ventures Bankruptcy Proceedings: Investors Must File Proof of Claim by September 30, 2026

By |2026-05-11T09:08:23-04:00May 4th, 2026|Investor Alerts|

Investors who suffered losses in connection with the Goliath Ventures matter should be aware of an important procedural requirement in the bankruptcy process. To preserve the right to participate in any potential recovery, investors may need to file a Proof of Claim with the bankruptcy court. A Proof of Claim is the official court-required form [...]

Investor Alert: Court Upholds $92 Million FINRA Arbitration Award Against UBS Over Tesla Short Strategy

By |2026-05-11T09:09:07-04:00May 4th, 2026|Broker / Advisor Investigations|

A federal court has now confirmed one of the largest recent FINRA arbitration awards, delivering a decisive win for investors and reinforcing the strength of arbitration outcomes. According to recent reporting (AdvisorHub: https://www.advisorhub.com/court-upholds-92-million-award-against-ubs/), a U.S. District Court judge rejected UBS Wealth Management USA’s attempt to overturn a $92 million arbitration award, which stemmed from allegations [...]

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