FINRA ordered Securities America, now part of Osaic Wealth, to pay more than $2 million in customer restitution after finding that the brokerage firm failed to supervise more than 1,000 Class A mutual-fund switches and over 2,000 short-term sales. The Financial Industry Regulatory Authority ordered Securities America, Inc. to pay $2,019,040 in restitution and fined [...]
FINRA ordered Centaurus Financial, Inc. to pay $634,488.56 in customer restitution after finding supervisory failures involving variable annuity exchanges and recommendations. FINRA also suspended Centaurus broker Patrick Michael Carroll for 12 months in connection with unsuitable variable annuity exchanges. The Financial Industry Regulatory Authority has censured and fined Centaurus Financial, Inc. and ordered the brokerage [...]
FINRA’s complaint alleges that excessive trading in 114 customer accounts generated nearly $10 million in trading costs and almost $8 million in investment losses. Investors who held accounts at Spartan Capital Securities may have potential claims for churning, excessive trading, unsuitable recommendations, or failure to supervise. The Financial Industry Regulatory Authority filed a disciplinary complaint [...]
In what federal prosecutors are calling the largest Ponzi scheme in Georgia history, Russell Todd Burkhalter, founder and CEO of Drive Planning LLC, has been sentenced to 20 years in federal prison (AJC). This maximum sentence comes after Burkhalter defrauded more than 2,000 investors out of approximately $380 million. If you or a family member [...]
Financial success during an NFL career does not guarantee financial security after it Reaching the National Football League represents an extraordinary professional achievement. But after the games end, former players can face an equally demanding challenge: making income earned during a relatively concentrated period last for decades. NFL retirement is not comparable to an ordinary [...]
Understanding the Legal Avenues for Loss Recovery When a key promoter dies, civil litigation against that individual directly becomes an estate matter (India Times). However, investment fraud schemes rarely operate in complete isolation. Experienced securities attorneys examine whether secondary parties bear legal or financial responsibility. 1. Claims Against the Estate Victims of alleged misrepresentation can [...]
The Mohamed Coulibaly case is raising a larger question for professional athletes Professional athletes and celebrities are constantly approached with business opportunities that promise passive income, rapid growth, or access to exclusive investments. The reported allegations involving Philadelphia entrepreneur Mohamed Coulibaly have drawn national attention because they reportedly involved professional athletes, former NFL players, online [...]
In one of the largest anti-money laundering (AML) enforcement actions to date, UBS Financial Services Inc. was hit with a $20 million FINRA fine (FINRA News Release: FINRA) and a historic $125 million FinCEN civil penalty (FinCEN News Release: FINCEN). Regulators cited repeat failures to monitor over 60,000 foreign currency wire transfers valued at more [...]
Stifel Financial has agreed to pay nearly $3.6 million to settle two customer complaints linked to barred Miami broker Chuck Roberts ThinkAdvisor. The disputes alleged fraud, breach of fiduciary duty, negligence, and violations of Florida securities protection laws involving Roberts’ structured notes strategy. Stifel faces over $206 million in potential liability, awards, and settlements across [...]
Investor recovery and securities fraud attorneys representing investors nationwide.
Speak With an Investor Rights Attorney – 1.844.689.5754
© 2012 - 2026 Sonn Law Group • Investor Intelligence • Securities Fraud • FINRA Arbitration • All Rights Reserved
