“A trade group representing plaintiffs’ lawyers on Tuesday called for the Securities and Exchange Commission to end a “broken” arbitration system for investors bringing claims against registered investment advisors and to force RIAs to be more transparent about…
Securities Fraud
“Following last month’s report by the SEC to the House Appropriations Committee on private arbitration (and the use of forced arbitration clauses) in the RIA industry, investor advocates vow that if the commission won’t mandate more industry transparency, they’ll push…
The Securities and Exchange Commission has no way to track the number of registered investment advisor arbitrations or unpaid arbitration awards, according to a just-released report. Last year, the House Appropriations Committee expressed concerns about the proliferation of…
SALT LAKE CITY, UTAH- Antiguos clientes de Wealth Navigation Advisors (WNA) d/b/a Oak Lane Advisors, con sede en Centerville, Utah, presentaron una demanda contra la firma de asesoría por más de $ 850,000 perdidos en un esquema Ponzi…
CENTERVILLE, Utah (KUTV) — A lawsuit was filed on Tuesday against Centerville-based financial group Wealth Navigation Advisors in connection to a decade-long Ponzi scheme that resulted in around $30 million being stolen from over 50 people. A man…
SALT LAKE CITY — Mark Fox says he met Stephen Romney Swensen 25 years ago when the two had adjacent hangars at the Ogden-Hinckley Airport. The two became friends, and Fox learned that Swensen was also a financial…
Attorneys: Stephen Romney Swensen Pitched the Fictitious Fund as a “Bucket 1” Investment, But Spent the Money on Airplanes, Mistresses and Lavish Lifestyle. Swensen Took His Own Life When the Deception Was Exposed. SALT LAKE CITY – MAY…
“Credit Suisse has asked a New York federal judge to permanently toss a proposed class action alleging it caused retail investors substantial losses in delisting a popular exchange-traded note, arguing the investment banking company put out adequate warnings…
Georgia Ruling Found Wells Fargo and FINRA in Cahoots, Tainting the Arbitration Panel Selection Process; Wronged Investors Demand Answers from FINRA WASHINGTON, DC – February 2, 2022 – Last week, the Superior Court of Fulton County, GA found…
“November 30, 2020 – ORANGE, Calif. — Former insurance agent Brian Fredric Sauls, 48, of Santa Ana, was arrested on 13 felony counts of securities violations, theft from an elder, and residential burglary after california department of insurance…