The White Law Group is investigating a possible securities fraud claim on behalf on an investor involving former NEXT Financial financial advisor Clyde Thornburg. Specifically, we are investigating whether NEXT Financial failed to supervise Thornburg’s frequent trading of Unit Investment Trust (”UITs”) investments. Based on our preliminary investigation, it appears that Thornburg was [...]
The White Law Group is investigating the sales practices of Securities America with respect to Washington Mutual Bonds. The firm is currently representing an investor that was sold Washington Mutual bonds after it was apparent that Washington Mutual was in financial trouble. The recommendation to purchase the Washington Mutual bonds, made by Securities [...]
FINRA recently announced that Christopher William Shanahan, a former financial advisor in Westlake, Ohio, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Shanahan consented to the described sanction and to the entry of findings that he misappropriated more than $30,000 from his member firm. [...]
FINRA recently announced that Richard Albert Seefried, a financial advisor in Spokane, Washington currently registered with GVC Capital, LLC, has been suspended from association with any FINRA member in any capacity for three months. The suspension is effective from April 19, 2010 through July 18, 2010. Without admitting or denying the allegations, Seefried [...]
FINRA recently announced that Michael John Rukujzo, a former financial advisor in Plainfield, Illinois, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Rukujzo consented to the described sanction and to the entry of findings that he participated in the negotiation and consummation of an [...]
The Financial Industry Regulatory Authority (FINRA) recently announced that it is seeking authority to significantly expand the amount of information available to the public on current and former securities brokers (financial advisors) through its free online BrokerCheck service.
The proposed expansion – which FINRA will submit to the Securities and Exchange Commission (SEC) in the near [...]