Merrill / RBC Broker Thomas Buck

FINRA

If you have suffered losses with Merrill Lynch and RBC broker Thomas Buck, please call toll-free 1-866-817-0201 for a free consultation on your chances for recovery.

Mr. Buck had been Merrill’s top broker in Indiana, overseeing $1.3 billion in assets prior to being terminated in March 2015.

The Financial Industry Regulatory Authority Inc. has barred Mr. Buck, from associating with any Finra member firm, according to a posting to the regulator’s website on Tuesday, July 28, 2015.

Mr. Buck has been accused of trading in the accounts of investors without appropriate authorization, recommending unsuitable investments, misleading investors as to the fees for investments made, and charging investors excessive charges for investment services.

In addition to the FINRA action, Thomas Buck has been or is currently the subject at least 11 suits filed by investors.

 

 

Oppenheimer Broker Scott Eisler

NYSE pic 1Please call 1-866-817-0201 if you invested with Oppenheimer broker Scott Eisler.

According to the SEC, former Oppenheimer executive, Robert Okin, and a branch manager in the firm’s Boca Raton, Fla., office Arthur Lewis, failed to properly supervise the broker, Scott Eisler, and ignored significant warning signs as Eisler traded some 2.5 billion penny stock shares in illegal unregistered transactions. Mr. Lewis participated in or approved the sales, the SEC confirmed. The sales generated some $12 million in proceeds and $588,400 in commissions for Oppenheimer.

“In the face of red flags that their customer’s stock sales were not exempt from registration, Oppenheimer’s branch personnel allowed these unregistered transactions to occur,” said Andrew J. Ceresney, director of the SEC’s Division of Enforcement. “Okin, one of Oppenheimer’s senior-most executives, also failed to properly supervise by allowing these transactions to occur and failing to respond appropriately to the red flags suggesting violations of the federal securities laws.”

Information for this posting was obtained from investmentnews.com.

 

F-Squared AlphaSector

If you lost money in an F-Squared AlphaSector investment please call 1-866-87-0201.  F-Squared Investments is part of a $35 million fraud settlement brought by the SEC concerning AlphaSector.  As part of the settlement, F-Squared admitted in the settlement that it falsely advertised the exchange traded fund (ETF), recklessly made misleading or incorrect statements about the track record of the investments that inflated results by as much as 350%.  Executives, including the co-founder, were charged with making false  statements to investors.

Advertising stated that the strategy behind AlphaSector had been in use since 2001 but in fact the algorithm was not completed until 2008.  According to the SEC complaint, an F-Squared analyst used the algorithm, which was built by a 20-year-old college intern at the wealth-advisory firm, along with internal portfolio construction rules to calculate the hypothetical performance of a model portfolio going back nearly eight years.

The relevant F-Squared AlphaSector investments are as follows:

-Virtus Allocator Premium AlphaSector (VAAAX),

-Virtus Dynamic AlphaSector (EMNAX),

-Premium AlphaSector (VAPAX).

-Virtus AlphaSector Rotation (PWBAX), and

- Global Premium AlphaSector (VGPAX),

F-Squared is the largest company among a group of money managers that build portfolios out of ETFs, overseeing $25 billion in such assets at the end of September, according to data reported to research firm Morningstar Inc. ETFs are mutual funds whose shares trade on an exchange and usually are designed to track an index or benchmark.

F-Squared Investments were sold and marketed by brokerage firms including, but not limited to, the following: Ameriprise, LPL Financial; RBC Wealth Management; Raymond James Financial, Inc.; Schwab Institutional; Stifel Nicolaus; UBS Financial Services; and Wells Fargo Advisors.

Alabama Advisor Kenneth Rogers

Stock handcuffsIf you invested with Alabama advisor Kenneth Rogers, please call 1-866-817-0201.  The former investment advisor to Alabama Crimson Tide football star Kenneth Darby has been arrested for using $2.5 million in clients’ funds to buy two homes and for other personal expenses, the Alabama Securities Commission announced.

Rogers of Huntsville, Ala., was arrested by state officials on 10 counts of securities fraud and is being held on a $2 million bond, the commission says.

Rogers also used some of the money to pay earlier investors in a Ponzi scheme, the indictment says. Documents were forged by Rogers to facilitate some of the fraudulent transactions.

Rogers was sued last year by Darby, a star running back at Alabama University and a member of the Atlanta Falcons and the St. Louis Rams. Other members of Darby’s family were also part of the suit. They alleged that Rogers converted $2.4 million of their money to his own use, according to www.AL.com, an Alabama news website. Rogers’s attorney denied those claims.

Content provided by http://www.fa-mag.com/.

Mark Douglas Weindling

If you or a loved one has lost funds Mark Weindling or JHS Capital call 1-866-817-0201 or 303-300-5022 for more information.

Mark Douglas Weindling of Aurora, CO was barred from association with any stockbrokerage in any capacity. Without admitting or denying the findings, Weindling consented to the sanction and to the entry of findings that he failed to provide FINRA-requested documents and information involving an investigation into, among other things, the disclosures on a Form U5, a form a brokerage is required to file upon terminating a broker, filed by his former employing firm, JHS Capital, reporting that he had effected transactions within a deceased customer’s account and that he was aware of two separate journal requests containing the deceased customer’s forged signature.

 

Thomas J. Buck Complaints

If you have complaints concerning Thomas J. Buck please call 1-866-817-0201.

Multiple investors have filed customer complaints with Merrill Lynch and FINRA concerning veteran money manager Thomas J. Buck subsequent to his high-profile termination from Merrill Lynch in March.

According to FINRA (the Financial Industry Regulatory Authority), investors filed five customer complaints concerning Buck between March 23 and June 10, 2015, alleging unauthorized trading, excessive trading, unsuitable investments, misrepresentation and other improprieties dating back to 2006.

One of the customer complaints alleges that Buck engaged in “excessive trading and unsuitable investment recommendations from January 2006 to March 2015.”

Merrill Lynch discontinued Lynch’s employment on March 4  after 34 years with the firm. The firm stated in its form U5, the form provided to the regulators explaining the termination, that the termination was for multiple issues.  These issues are numerous but include the provision of inaccurate information to management during management reviews of Buck’s accounts.  The allegations also include mismarking trade order forms by Buck to misrepresent whether a trade was Buck’s idea or the investor’s idea, and providing information to clients that did not correspond to firm records.

 

Petrobras Fraud and the Rights of Investors

Petrobras

Petrobras Petroleum of Brazil

Petrobras investors please call toll free 1-866-817-0201.  We have represented many similar investors. Contact this number for a free evaluation.

Each day brings new allegations of fraud at Petrobras and each allegation raises the question of whether these issues were known or should have been known by investment professionals recommending the investment.  Each investment professional recommending Petrobras must have satisfied their due diligence requirements in the investigation of Petrobras before recommending the investment, and either not recommended the investment or attach a clear warning with the investment concerning the potential from fraud within the company.

Many large brokerage firms made such recommendations without warning the investors of the extremely high level of known risk that existed in the investment.  We have represented a significant number of investors in similar cases concerning the failure of due diligence and recommendations without warnings of such unsuitable investments.

Such recommendations can be the result of fraud, influenced by higher commissions, and sometimes the faulty recommendation can be the fault of recklessness or negligence.  Either way, investors should contact an attorney to learn their rights and to explore their options.

 

 

Molycorp Investors

MolycorpMolycorp investors please call 1-866-817-0201.  Jeffrey Pederson, P.C. helps investors recover losses as the result of investments effectuated through negligence or fraud.

On June 1, 2015, the Wall Street Journal indicated that Greenwood Village, Colorado based Molycorp would miss an interest payment possibly indicating a bankruptcy filing.  There has been concerns for months about a potential bankruptcy.   The firm announced in March 2015 that it hired Miller Buckfire & Co. LLC, capital structure advisors, to “assist us in our efforts to strengthen our balance sheet and evaluate our capital structure going forward.” The firm also reported that it might not have the capital to pay debts coming due.

Share price has shrunk dramatically as the firm is trying to survive one of the biggest commodity bubbles in economic history. Five years ago, export restrictions by China, the world’s dominant supplier, and a global political disputes over the commodity inflated the value of rare earths—elements used as niche ingredients in magnets, cell phones, batteries, catalytic converters and other high-tech products—and propelled the firm’s value to over $6 billion

Molycorp is one of the largest rare  earth mining companies in the United States, the nature of the business has always been speculative.  The rare earth bubble Molycorp was riding has been known for years and the investment has been commonly misrepresented to investors.  Such misrepresentations concerning the firm may entitle investors to recovery.

Read more: Analysts fear bankruptcy filing as Molycorp hires Miller Buckfire – The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/restructuring/analysts-fear-bankruptcy-filing-as-molycorp-hires-miller-buckfire.php#ixzz3bovd5Iy9

Alejandro Ariel Torres of Wells Fargo

Wells FargoIf you invested with Alejandro Ariel Torres of Wells Fargo please call 866-817-0201  for a free consultation.

Mr. Torres, a Wells Fargo Advisors in Fort Lauderdale, Fla., who allegedly approached a 64-year-old widowed customer for a partnership opportunity in his start-up venture, Towers Investments. According to FINRA, the regulator investigating Torres, he took a $75,000 check the widow customer gave him as her share of the investment in the venture and Torres deposited it into a checking account over which Torres had exclusive access and control.

The invested funds then disappeared as Torres spent approximately $60,000 of the funds on a car and the other funds on living expenses of Torres.

The fraud in which Torres participated is commonly called “selling away.”  This is a common form of fraud perpetrated by investment professionals.  Investments must be approved by a stock broker’s brokerage firm to ensure that the investments are legitimate and have met quality requirements of the brokerage for investments.  Brokers will “sell away” from the firm to get investors into questionable investments where the broker gets a heightened commission or where the broker is the owner of the target company and benefits from the increase in capital.

Jeffrey Pederson PC has represented numerous investors in selling away cases and is interested in speaking to victims of Torres.

Oil or Gas Investment Losses

Oil Stock IIJeffrey Pederson, P.C. helps investors determine if they have a right to recover investment losses in oil, gas or other investments.  Please call 1-866-817-0201 toll-free for a free consultation.

Many investors simply ignore their losses without knowing that they may be entitled to a recovery.  Such individuals unnecessarily let their plans for retirement or other future plans go unfulfilled because of the financial loss they sustained.

Since late 2014, countless oil, gas and other energy companies have filed for bankruptcy.  Many investors in these companies were illegally sold these investments by brokerage firms motivated by commissions paid by the investments.  Such investments can take many forms including, but not limited to, Master Limited Partnerships (MLPs), common stock, notes, bonds, mutual funds, and Exchange Traded Funds (ETFs).

We are currently investigating investments into the following energy companies:Oil Stock

American Eagle, BPZ, Buccaneer, Climax Energy, Duer Wagner, Hart Resources, Hercules Offshore, Milagro Oil and Gas, Petrobras, Quicksilver Resources, Sabine, Samson Resources, Southern Pacific, Walter Energy and WBH Energy.

Feel free to contact us if you are uncertain if you have an oil or gas investment that qualifies.