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…
Securities Fraud
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…
Joe Peiffer was recently quoted in an article that appeared in the magazine Financial Planning. The article concerned brokers’ meaningless self-designations as “retirement specialists.” LPL Financial recently paid a fine of $250,000 in relation to ten of its…
07 May: Barry Bekkedam Accused of Securities Fraud in Connection with Scott Rothstein’s Ponzi Scheme
Barry R. Bekkedam, the former owner, Chairman, and CEO of Ballamor Capital Management, LLC, is accused of committing securities fraud by the Securities and Exchange Commission (“SEC”). From April through October 2009, Bekkedam encouraged his clients and others…
Harry Stokes orchestrated a Ponzi scheme and defrauded investors out of millions of dollars, according to a complaint filed in North Carolina state court. Stokes was licensed to sell investment products and owned an insurance firm, Contemporary Benefits…
Hundreds of individuals invested over $16 million in a fruitless gold mining venture organized by Nekekim Corporation and its CEO, Kenneth Carlton, according to a complaint filed by the Securities and Exchange Commission. Nekekim and Carlton defrauded investors…
Daniel Howard Glick, formerly with Transamerica Financial Advisors, Inc., was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) in connection with claims Glick forged clients’ signature on documents in order to gain access to…
Bret L. Boteler, the president of EnerMax, Inc., raised $17.26 million through the fraudulent offer and sale of securities to over 250 investors in more than 40 states without registering any offering, according to a complaint filed by…