Four investors have filed an arbitration case against a unit of Fidelity Investments, accusing it of failing to properly supervise former investment advisor Thomas Chadwick who allegedly mismanaged their investments. Investors Judith Barker, Jason Cayer, Richard Bates, and…
Securities Fraud
A group of former clients of a New London investment manager say Fidelity should cover some of their losses, accusing the brokerage firm of missing a series of red flags in his trading activity. The investors allege that…
Four ex-clients of former New London-based financial advisor Thomas Chadwick, who was ordered to pay more millions in restitution to investors — including many on fixed incomes — who lost money on high-risk investments, have filed a claim…
Many of Thomas Chadwick’s Clients Were Fixed-Income Retirees in New Hampshire and Vermont; Dozens of Additional Victims Could Take Action Over Fidelity’s Supervisory Failures. CONCORD, NH – JANUARY 29, 2025 – Former clients of the investment advisor Thomas…
Nine months after FINRA began a process to publicly label firms as ‘restricted’ if they or their brokers had a significant history of misconduct, no firms have received that scarlet letter, according to a review of the regulator’s…
[…] Mark S. O’Dell, of Morrisville, filed the class action lawsuit last week against Berkshire Bank, alleging it knew Marshall was running an investment scam commonly known as a “Ponzi” scheme prior to Marshall’s bankruptcy filing in 2023….
Law360 (May 14, 2024, 9:40 PM EDT) — Massachusetts-based Berkshire Bank is facing a proposed class action brought by an investor seeking to hold the bank liable for providing financial services to a bankrupt local business person whom…
The U.S. Department of Labor on Tuesday said it has finalized a fiduciary rule governing retirement accounts that will close loopholes and widen the swath of financial advisors who must put their clients interests ahead of commissions or…
When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesman. But many people don’t realize…
Some financial advisors did not get a lot of love from the White House bully pulpit on Tuesday when President Joe Biden rolled out the Department of Labor’s newly proposed fiduciary rule governing retirement accounts. The proposed rule…