201402.14
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Timothy Burns Sanctioned by Regulators for Facebook Share Transactions

Timothy David Burns, an investment professional in Conshohocken, Pennsylvania, was sanctioned by the Pennsylvania Department of Banking and Securities. Burns, owner and manager of ESG Wealth Management and ESG Family Services, consented to the sanctions levied by the Department of Banking and Securities arising out of charges of wire fraud relating to the purchase of…

201402.11
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Thomas Hampton, Hampton Capital Markets Investigated by Securities Lawyers

Thomas L. Hampton, a Scottsdale, Arizona investment professional, pled guilty to commodities fraud in connection with an investment scheme that defrauded investors out of millions of dollars between September, 2010 and September, 2011. Hampton managed Hampton Capital Markets (HCM). HCM held over $4 million of investors’ money in highly volatile, leveraged investments known as E-minis….

201402.05
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Brokerage Firm, Instinet, Approved Improper Commission Rebate Payments To Investment Adviser

According to a recent Cease and Desist Proceeding filed by the Securities and Exchange Commission, to which Instinet, LLC (“Instinet”) has submitted an Offer of Settlement, from January 2009 through July 2010, Instinet approved approximately $430,000 in commission rebates to investment advisor J.S. Oliver Capital Management (“J.S. Oliver”) which were not appropriately disclosed to its…

201402.05
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Vendetta Partners Assets Frozen in Alleged $18 Million Ponzi Scheme by Robert Helms, Janniece Kaelin

Vendetta Partners, a Texas Company ran by Robert A. Helms and Janniece S. Kaelin, had its assets were frozen by the SEC after being accused of running an $18 million Ponzi scheme in purported purchases of oil and gas royalties. Robert Helms and Janniece Kaelin spent most of their investors’ money on personal expenses, their many businesses, and Ponzi payments to fraudulently…

201402.05
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Schorsch Buys Three Independent Broker-Dealers in Less Than a Year

Moving at a pace that will soon make him a strong competitor with industry giants LPL and Ameriprise Financial, real estate investor Nicholas Schorsch has purchased five independent brokerage firms since June, 2013.  In June, Schorsch announced the purchase of First Allied Holdings for an undisclosed amount.  In October and November, he announced his intention of purchasing Investors…

201402.05
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Richard Schwartz Fraud Recovery Options for Investors

Richard Schwartz, an investment advisor formerly in Kokomo, Indiana, has been accused by regulators of perpetrating a fraudulent investment scheme that victimized scores of investors across the country, under the umbrella of RAS & Associates, his investment advisory firm. Richard Schwartz was a licensed securities stockbroker, affiliated with securities broker-dealer firms throughout his career, according…

201402.05
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Indiana Investment Professional Charged with Fraud

Lynn A. Simon, an Evansville investment adviser, has been charged with securities fraud for allegedly swindling investors in his area of more than $1 million. Investigation by securities lawyers Joe Peiffer and Joe Peiffer established that Lynn Simon was a licensed investment professional, working out of a Kokomo, Indiana branch office. Simon also operated a…

201402.05
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George J. Bussanich and George Bussanich Charged with $3.5 Million Scam

George J. Bussanich, a 55-years old man from Park Ridge and his son George Bussanich, 34-years old, of Upper Saddle River, are facing charges for engaging in securities fraud through the sales of unregistered notes in New Jersey. The Bussaniches allegedly sold unregistered notes to unsuspecting investors and promised an annual return of 6% to 8%. They also…

201402.05
1

Dunham Mortgage Fund Investor Recovers Losses

A Dunham Mortgage Fund investor recently received compensation for the losses he suffered on his Dunham investment from the stock brokerage firm that sold him that investment.  The Dunham Mortgage Fund investor sued Cetera Financial and two other financial service providers in FINRA arbitration, for more than $2.5 million. The Dunham Mortgage Fund investor charged Cetera Financial and the other two respondents with misrepresentation, negligence, breach…