A FINRA letter of acceptance, waiver and consent states that Kevin Lee Cline (CRD No. 2448720) and Robert J.R. Burr (CRD No. 2579551) and Vincent Christopher (CRD No. 534944) and Thomas C. Gilleland (CRD NO. 5504595) are or were associated with Source. Source’s Adams Street branch office was the sole seller of private offerings of…
Continue reading ›Bankers Life is in the news for problems involving long term care insurance. A class action lawsuit has been filed on behalf of clients by Mike Williams of Williams Love O’Leary & Powers and Chris Cauble of Grants Pass. We are talking to seniors who were sold annuities by Bankers Life representatives after the age…
Continue reading ›The FINRA BrokerCheck record of Altamonte Springs, Florida broker Stephen Pizzuti (CRD # 1461660) shows that Mr. Pizzuti is the subject of a FINRA Department of Enforcement Complaint. The complaint, filed July 3rd, alleges that Mr. Pizzuti distributed materially misleading sales information to the public, provided false information to FINRA, and other activities. Mr. Pizzuti…
Continue reading ›The FINRA BrokerCheck record of Altamonte Springs, Florida broker John W. DuBrule (CRD # 1223724) shows that Mr. DuBrule is the subject of a FINRA Department of Enforcement Complaint. The complaint, filed July 3rd, alleges that Mr. DuBrule provided false information on client statements and other activities. Mr. DuBrule shows as being currently employed by…
Continue reading ›The FINRA BrokerCheck record of former Florida broker Kevin A. Tuttle (CRD # 2414158) shows that Mr. Tuttle is the subject of a FINRA Department of Enforcement Complaint. The complaint, filed July 3rd, alleges that Mr. Tuttle provided false information on client statements and other activities. Mr. Tuttle is no longer registered as a broker…
Continue reading ›The FINRA BrokerCheck record of Portland, Oregon broker Ormond Hart Ormsby (CRD # 1017594) shows that Ormsby has been sanctioned by FINRA within the past two months, for violations of investment-related rules or regulations. He has been suspended until November 19, 2013 from association with any FINRA member in any capacity. The Banks Law Office…
Continue reading ›SEC official Norm Champ has told a conference at the Insured Retirement Institute that the agency has been tracking the increased complexity of variable annuity contracts. The more complex they become, the harder it is for the financial industry to properly describe their risks, which is now a regulatory concern. Some VAs are now tied…
Continue reading ›(May 20) The U.S. Senate has opened a probe into the increasingly controversial business of buying up and re-packaging the income streams of pensioners. The Senate Committee on Health, Education, Labor and Pensions will examine multiple aspects of the pension-buying business model. This is a follow-on to state investigations launched in the last few weeks…
Continue reading ›Banks Law Office, P.C. is monitoring the progress of an FBI investigation into two former Edward Jones brokers based in South Dakota who sold interests in Gibraltar Partners in an alleged Ponzi scheme fraud. Edward Jones has reported that the brokers who sold the Gibraltar Partners investment were not authorized to do so, which constitutes…
Continue reading ›Our office continues to receive complaints and information regarding James Scott McKee. We are offering our information as a public service to investors, and as a part of our commitment to assist state and federal regulators performing their own investigations. In addition to our current investigation into Bedrocks Coffee, we are now investigating other illiquid…
Continue reading ›
