The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of IBN Financial Services, a FINRA registered broker dealer that was sanctioned by the Pennsylvania Department of Banking and Securities in July 2014. In July, 2014 IBN Financial Services entered into…
In July, 2015, a three member FINRA arbitration panel sitting in Detroit Michigan issued a $40,000 binding arbitration award against Tony Manaia and Intervest International Equities for violations in their Bloomfield Hills Michigan office. The underlying matter involved allegations that Tony Manaia and Intervest International mismanaged a customer account, breached…
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Steven Wyatt, a FINRA registered representative formerly associated with Morgan Stanley in Ridgeland, Mississippi. In October 2015 Steven Wyatt disclosed that he was the subject of an investigation by the…
In July, 2015, a three member FINRA arbitration panel sitting in Jackson, MS issued a $2,382,851 binding arbitration award against Fred Brister and Morgan Stanley for violations in their Ridgeland, MS office. The underlying matter involved allegations that Fred Brister and Morgan Stanley mismanaged several customer’s accounts, breached fiduciary duties,…
In October, 2015, a sole public arbitrator convened a FINRA arbitration proceeding, and after receiving evidence issued an award against Kevin Fifer and Regis Asset management and Capital City Securities in the amount of $32,312. The underlying matter involved claims for breach of contract; breach of fiduciary duty; and excessive…
In January, 2016, a three member FINRA arbitration panel issued a $346,881 binding arbitration award against Wells Fargo Advisors LLC for conduct related to one of its registered representatives, Zak Chivi. The underlying matter involved claims by one of Zak Chivi’s customers that between 2011 and 2013 there were an…
In February, 2016, Nomura Securities was ordered to pay former rep Gopla Tampi $250,000. A three member FINRA arbitration panel issued the $250,000 binding arbitration award for failure to pay an agreed upon bonus. The underlying matter involved allegations that Nomura failed to pay the bonus, and the Claimant sued…
In February, 2016, a three member FINRA arbitration panel issued a $450,000 binding arbitration award against Unionbanc Investment Services for conduct related to one of their former registered representatives Cynthia Higgins. The underlying matter involved allegations that Higgins made unsuitable investments, over concentrated the accounts’ assets, and failed to disclose…
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Gopi Vungarala, a FINRA registered representative with Purshe Kaplan Sterling Investments in Midland, Michigan Gopi Vungarala has been FINRA licensed to sell securities for eleven years, and spent the last…
A FINRA arbitration panel issued a $444,000 securities arbitration award against Woodbury Financial Services as a result of the conduct of one of its registered representatives, “JG” of “G” Wealth Management out of Culver City, CA. Counsel for the Claimant was The Law Office of David Liebrader. The award, issued…