Robert Meyer (CRD #: 3074785), a broker registered with Monmouth Capital Management LLC, has agreed to a three-month suspension and a suspension from the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on October 19, 2020. This is the latest in a series of regulatory actions that investors should know about. On…

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Ryan Tarjanyi (CRD #: 6065805), an investment adviser registered with Trustmont Advisory Group, is the subject of a Financial Industry Regulatory Authority (FINRA) investigation, according to his BrokerCheck record, accessed on October 16, 2020. As a result, FINRA made a preliminary determination to recommend disciplinary action against Mr. Tarjanyi. This is the latest in a…

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Wayne Miller (CRD #: 4813645), a broker registered with Aeon Capital Inc., has multiple pending client disputes, according to his BrokerCheck record, accessed on October 15, 2020. Two of these disputes concern unsuitable private placements. Mr. Miller’s record also has a number of settled client disputes and a regulatory action. On September 25, 2020, a…

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Ida Zhu (CRD #: 4863613), a broker and an investment adviser registered with LPL Financial, has an investor complaint related to annuity switching, according to her BrokerCheck record, accessed on October 14, 2020. Annuity switching can result in unnecessary fees and financial losses for the client. Annuities often come with substantial commissions, which may tempt…

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Jorge Sonville (CRD #: 2558540), a broker and an investment adviser registered with Merrill Lynch, Pierce, Fenner & Smith, has a new investor complaint regarding an unsuitable investment recommendation, according to his BrokerCheck record, accessed on October 14, 2020. Unsuitability is one of the most common investor complaints, according to the Financial Industry Regulatory Authority…

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Dwight Dykstra (CRD #: 1028210), a former broker and an investment adviser registered with Aegis Wealth Management LLC, has entered into an Acceptance, Waiver, and Consent agreement, according to his BrokerCheck record, accessed on October 14, 2020. On October 7, 2020, the Financial Industry Regulatory Authority (FINRA) alleged that Mr. Dykstra received compensation for raising…

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Corbin Lambert (CRD #: 3191042), a broker registered with Securities America and an investment advisor registered with Continuum Financial, has been charged by the SEC with a “cherry-picking scheme,” according to his BrokerCheck record, accessed on October 14, 2020. Mr. Lambert was Continuum Financials’ CEO and has also served as the Chief Compliance Officer. The…

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Investors who purchased shares of Sierra Income Corp. may have suffered significant losses. Shares have decreased in value by at least 40%, although there are some estimates that the losses could add up to as much as 75%. As of publishing, shares were listed on Central Trade & Transfer for $1.50, after being originally sold…

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Chris Burns of Dynamic Money has disappeared, along with more than $78,000. He disappeared on September 24, the day before he was due to turn over papers related to an SEC investigation into his business, Dynamic Money. Dynamic Money offers financial advice through registered brokerage firm Investus Advisory, LLC. Chris Burns provided financial advice on…

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How Do ETFs Work? Exchange-traded funds (ETFs) are bundles of securities that allow investors to diversify their portfolios. Because ETFs feature a selection of securities, investors don’t have to worry about the success of a single security, thereby reducing the overall risk. ETFs function similarly to mutual funds, although ETFs typically generate fewer taxes and…

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