American Growth Funding II LLC (AGF II) and Ralph Johnson Allegedly Lied to Investors Repeated Times Regarding Purchases of High-Yield Securities, No Audits of AGF II until 2014 American Growth Funding II LLC (AGF II) and its owner…
Securities Fraud
Timothy S. Demski and Scott Stephan Allegedly Developed an Untested Algorithm Composed of Day-trading ETFs Walter F. Grenda, of Hamburg, NY and Timothy S. Dembski, of Lancaster, NY, allegedly made false and misleading statements to their clients, recommending…
Larry Werbel, of Suburban Cleveland, Allegedly Located Investors, and Urged them to Buy $3 Million in Shares of VGTel, Inc. (VGTL) Larry Werbel, a Chagrin Falls, Ohio financial adviser, allegedly assisted to orchestrate a scheme wherein he purportedly…
“It is really on the broker to do the right thing, because the typical investor doesn’t know enough to know if the broker and his firm have the investor’s interest at heart”. Read full article in The New…
“They need to get this [expungement] process out of arbitration and into the hands of regulators”! More in the InvestmentNews article…
‘‘I get the sense that mandatory arbitration will be allowed in the final rule”, Joseph Peiffer, president of the Public Investors Arbitration Bar Association (PIABA) in Norman, Okla., who testified during the hearing, told Bloomberg BNA on Sept. 2. More on the…
Frederick E. Monroe Jr Allegedly Orchestrated a $1.26 Million Ponzi Scheme, Soliciting Clients for Personal Checks that he Claimed Would Be Invested in Bonds for Their Retirement Frederick E. Monroe Jr, the senior vice president of a financial…
Joseph Peiffer’s testimony in support of extending the fiduciary duty standard to stockbrokers who recommend securities to their customers
Joseph Peiffer’s testimony details retiree horror stories during hearings on DOL fiduciary rule At the heart of the Department of Labor’s effort to finalize a new rule requiring advisors to act as fiduciaries to most 401(k) plans…
Joe Peiffer was recently quoted in On Wall Street about shortfalls in FINRA’s BrokerCheck service. BrokerCheck does not disclose complete information about brokers. Joe, as president of the Public Investors Arbitration Bar Association (PIABA), drafted a letter to…