Securities Fraud and Mismanagement

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Stockbroker fraud

Avinesh Shankar Document Forgery

Avinesh Shankar signed 64 customer names without the customers’ permission on 115 annuity applications. Between November 2022 and January 2024, Avinesh Shankar signed 64 customer names without the customers’ permission on 115 annuity applications. This is...

Kenneth Welsh Theft

Wells Fargo may be responsible for the thefts of Kenneth Welsh. Wells Fargo may be responsible as the SEC accuses Kenneth Welsh of stealing more than $3 million from his Wells Fargo clients. The SEC barred Kenneth A. Welsh, 44, from the financial services industry on...

James Holmes III

James Holmes settles regulatory allegations of churning, document manipulation and unsuitable securities recommendations. James Holmes settled allegations of FINRA, the Financial Industry Regulatory Authority, that he brazenly falsified documents to allow him to churn...