201712.11
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Harbour Capital Fraud Investigation | Broker Misconduct Lawyers

Harbor Capital (Fairport, NY), Same Brokerage Responsible for Retired Teacher’s $450,000 Award, Back in the Cross-Hairs. ROCHESTER, NY (December 1, 2017) — Similar to the investment advice received by retired teacher Libby Jachles (recently awarded over $450,000 by a Financial Industry Regulatory Authority (“FINRA”) Arbitration Panel) from Harbor Capital Advisory Services and lack of oversight by American Portfolios…

201712.08
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Woodbridge Mortgage Fund Investigation

Woodbridge Mortgage Investment Fund— Unlicensed Individuals to Sell Unregistered Securities Woodbridge Mortgage Investment Fund Allegedly Implemented Unlicensed Individuals to Sell Unregistered Securities Woodbridge Mortgage Investment Fund of Sherman Oaks, California, has fallen under regulatory actions following allegations that the firm purportedly used unlicensed individuals to sell unregistered securities, according to an SEC Action filed in the…

201712.05
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Sylvester King Jr.— Alleged Private Securities Actions

Sylvester King Jr. Allegedly Participated in Private Securities Transactions with a Startup Internet Branding Company, Global Village Concerns, Inc. or GVC; King Allegedly Sold over $5 Million Unregistered, Illiquid Securities to NFL Players and Other Customers Sylvester King Jr., starting in 2009 and continuing into 2012, allegedly participated in private securities transactions with a startup…

201711.27
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Jerry Lou Guttman — Private Securities Transactions

Jerry Lou Guttman Allegedly Participating in Private Securities Transactions without Providing Proper Notification to His Firm United Planners; Jerry Lou Guttman, of Phoenix, Arizoan, allegedly participated in private securities transactions without first providing notice to the his member firm, United Planners, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed…

201711.20
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Elizabeth Jachles v. American Portfolios Financial Services

In 2015, Elizabeth Jachles hired our firm to represent her claim against American Portfolios, as a result of the investment advice she received at Harbor Capital Advisory Services. While the stock market saw substantial growth, Jachles earned relatively nothing on her investment portfolio. In some years, her investment expense was greater than her annual salary…

201711.20
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Various Cases v. Morgan Stanley & Co.

Representative Cases – Working together with attorney Judson Lee in Mississippi, the firm represented over 100 Mississippi investors in a series of arbitrations brought against Morgan Stanley & Co. The arbitrations stemmed from the reckless actions of its Ridgeland, Mississippi office. In prosecuting those cases, the firm obtained an award of $2.4 Million on behalf…

201711.20
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Whitley v. J.P. Morgan Chase

Representative Cases – The firm represented a class of retirement investors concerning the management of their JP Morgan Chase Stable Value Fund. The firm was able to successfully reach a settlement for the investors, due to the JP Morgan’s investments in risky mortgage-backed assets. The firm argued that JP Morgan’s investing of its purportedly conservative…

201711.20
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Medical Capital Notes

Representative Cases – The firm’s lawyers represented several investors in connection with claims for losses involving misrepresentations and omissions relating to Securities America’s sales of Medical Capital Notes. The investors have alleged that Securities America and its representatives failed to conduct adequate due diligence on the product and ignored obvious red flags about the product…

201711.20
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Adams v. Securities America and David McFadden

Representative Cases – The firm’s lawyers obtained an award of more than $20 Million on behalf of 32 Louisiana and Mississippi investors (32 Exxon Mobile retirees). This award is one of the top-10 FINRA awards ever given against a solvent defendant. Ultimately, our firm represented over 150 Louisiana and Mississippi residents and settled for an…

201711.20
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Thompson National Properties

Representative Cases – Attorneys Alan Rosca and Joe Peiffer filed two securities class actions on behalf of investors in two programs sponsored by Thompson National Properties (TNP), TNP 6700 Santa Monica Boulevard (also known as “TNP Kodak”) and TNP 2008 Participating Notes. In the complaints they filed on behalf of investors, attorneys Rosca and Peiffer…

201711.16
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Gopi Vungarala —False and Misleading Statements

Gopi Krishna Vungarala Allegedly Made False and Misleading Statements to a Native American Tribe and Purportedly Persuaded the Tribe to Invest Hundreds of Millions of Dollars in Non-traded Real Estate Investment Trusts and Business Development Companies but Failed to Disclose that He and His Firm Received Commissions on the Sales Gopi Vungarala, from at least June 2011 through January…

201711.10
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Retired Rochester, NY Teacher Awarded Over $450,000

American Portfolios Financial Services, Inc. of Holbrook (NY) Found Liable [Rochester, NY] Jason Kane of Peiffer Rosca Wolf’s victory for Elizabeth (Libby) Jachles was recently picked up and covered by 13WHAM in Rochester, NY. Libby Jachles is a retired Brighton teacher who sought financial advice because she didn’t have the time or knowledge to do…