The SEC's $100 million settlement with Western Asset highlights the serious consequences of alleged cherry-picking and unfair trade allocations. Learn what it means for investors and potential recovery claims.
Former Western International Securities broker Jeffrey Higgins pleaded guilty to investment adviser fraud after federal prosecutors alleged a nearly 17-year scheme that caused more than $1.6 million in investor losses. Higgins also faces SEC charges and a permanent FINRA bar.
The SEC and Department of Justice have launched parallel civil and criminal actions against John Sterling Myers and Sterling Capital Investments, alleging a multi-year Ponzi scheme that raised approximately $4 million from investors and resulted in more than $3.6 million in losses.
Western Asset Management and former CIO Ken Leech face renewed scrutiny following a $100 million SEC settlement tied to allegations that profitable trades were steered to favored accounts while losses were shifted elsewhere.
A reported investor complaint involving Morgan Stanley advisor Daniel Becraft alleges substantial losses tied to an options trading strategy and seeks approximately $2 million in damages.
Investors who suffered losses in GWG L Bonds may have recovery options. Reported complaints involving Michael Kupferman and Landolt Securities raise allegations concerning suitability and risk disclosures.
Multiple reported complaints involving David Kangas and WealthForge Securities allege investor losses connected to Delaware Statutory Trust investments and 1031 exchange strategies.
A reported investor complaint involving Adam Stern, formerly associated with Aegis Capital Corp. and ThinkEquity LLC, seeks more than $10 million in damages tied to private placements and micro-cap securities investments.
The SEC has charged Reign Financial International and Berone Capital in connection with an alleged $26 million investment scheme. Investors may have recovery options beyond the SEC's enforcement action.
