Banks Selected to FINRA’s National Arbitration Mediation Committee (NAMC)

Attorney Robert Banks was recently appointed by FINRA’s Board of Directors to serve on FINRA’s National Arbitration and Mediation Committee (NAMC).  Banks has served two previous 4 year terms on the NAMC, and has chaired its Rules and Procedures Subcommittee, its Discovery Task Force and Arbitrator Training Task Force. The NAMC is an advisory committee that works to […]

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high return investment

Investor Alert: Kevin Winder Lesson – Beware of Promised High Return Investments

Oregonian article alerts investors to the dangers of high return investments Securities attorney Robert Banks and Chief of Enforcement at the Division of Finance and Corporate Securities Consumer & Business Services Department (DFCS), Van Pounds,  were both quoted in Molly Young’s recent Oregonian article about high return investments and Salem investment adviser Kevin Winder.  Winder […]

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Professional Athletes Suing Financial Advisors

A gallery of athletes’ photos akin to a wall of fame came into focus today in an OnWallStreet story about investment fraud entitled, Cautionary Tales: Pro Athletes who Sued Their Advisor. Studies show that professional athletes, doctors, lawyers, high profile business owners and other busy professionals make up a high percentage of investment fraud victims.  […]

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high return investment

Investor Alert: Complaints Against Sagepoint Financial Advisor Daryl Richard Lemon

Investors may have claims against Daryl Richard Lemon (CRD 2473133), a broker with Sagepoint Financial. He submitted another letter of Acceptance, Waiver & Consent (AWC) to FINRA this week after the most recent allegations involving his actions with an elderly customer’s account.  According to Lemon’s BrokerCheck report, this is not the first time he has […]

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LPL Financial – More Supervisory Failures in Sales of ETFs, Annuities, REITs

FINRA announced yesterday that as part of a settlement reached with brokerage firm LPL Financial LLC, it is fining LPL $10 million for broad supervisory failures over multiple years and ordered almost $1.7 million in restitution to certain LPL customers. The sanctions are for LPL’s supervisory failures including failure to adequately supervise LPL broker sales […]

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high return investment

FINANCIAL ALERT: Michael Oppenheim Charged With Fraud

Investor Defender Attorneys encourage investors who had money with Michael Oppenheim when he was with J.P. Morgan Chase to call us at 800.647.8130. We can help you understand your options for recovery of your investment. Recent news reports reveal that Oppenheim effectively stole more than $20 million from customers. Oppenheim convinced clients to allow millions […]

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high return investment

New FINRA/SEC Report: Sales Practices Targeted at Seniors

As part of the “National Senior Investor Initiative”, in 2013 FINRA and the SEC conducted 44 examinations of brokerage firms that focused on how firms conduct business with senior investors (defined as age 65 and older) as they prepare for and enter retirement.  A newly issued report gives the results. The exams found that among […]

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high return investment

Investor Alert – Pacific West Capital Group and Owner Andrew Calhoun IV Charged With Fraud in Sale of Life Settlement Investments

We are investigating Pacific West Capital and their sales agents after the SEC announced fraud charges related to their sale of life settlements. Investors with life settlement investments are encouraged to contact us at 800.647.8130 or by email at info@investordefenders.com. The SEC alleges that Pacific West and Andrew B. Calhoun IV, a life insurance agent, […]

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