Posts Tagged ‘mutual funds’
Lang Nguyen Suspended By FINRA
Lang Nguyen (CRD #: 6526189), a broker registered with Red Oak Capital Management, has consented to FINRA findings that he failed to follow his firm’s policies, according to his Investment Adviser Public Disclosure (IAPD) record, accessed on March 22, 2021. This is not the only disclosure related to his alleged failure to comply with firm…
Read MoreVincent Virga Fined By FINRA
Vincent Virga (CRD #: 5070668), an investment adviser and broker registered with Madison Avenue Securities in Bayonne, New Jersey, has consented to a $5,000 fine from the Financial Industry Regulatory Authority, according to his BrokerCheck record, accessed on February 1, 2021. Virga also offers financial advisory services through PFS Wealth Management Group. On November 20,…
Read MoreTodd Slingerland: 2nd Investor Allegation of Misrepresentation
Todd Slingerland (CRD #: 1924692), a broker registered with LPL Financial, is involved in an investor dispute over churning, according to his BrokerCheck record, accessed on January 26, 2021. This is his second denied investor dispute – read on for more details. On October 24, 2020, a client alleged that Todd Slingerland churned her account…
Read MoreMutual Fund Fraud: Investors Should Be Wary of Unnecessary Mutual Fund Fees
You may have heard mutual funds touted as one of the best ways to diversify a portfolio. They enjoy an air of investment acuity and financial maturity. But because of their complexities, investors can easily miss important information about fees in the prospectus — the document that explains how much the mutual fund will cost…
Read MoreMerrill Lynch Mutual Fund Customers Will Recoup Excessive Fees in $7.2 Million Order
On June 4, 2020, FINRA, the Financial Industry Regulatory Authority, announced that it has ordered Merrill Lynch to pay $7.2 million to investors who were charged excessive fees in connection with mutual fund transactions, according to Financial Advisor IQ. The self-regulatory authority is calling this the “largest restitution case in 2020 to date.” Why must…
Read MoreRobby Jamail, Houston Broker, Involved in $100,000 Customer Dispute
Robby Jamail (CRD#: 1877838), a registered representative with Raymond James & Associates, Inc. (CRD#: 705) in Houston, Texas, is currently involved in a pending customer dispute in which a client is seeking $100,000 in damages, according to his BrokerCheck record accessed on May 27, 2020. Read on to learn more. On April 13, 2020, a…
Read MoreRobby Jamail, Houston Broker, Involved in $100,000 Customer Dispute
Robby Jamail (CRD#: 1877838), a registered representative with Raymond James & Associates, Inc. (CRD#: 705) in Houston, Texas, is currently involved in a pending customer dispute in which a client is seeking $100,000 in damages, according to his BrokerCheck record accessed on May 27, 2020. Read on to learn more. On April 13, 2020, a…
Read MoreHow Older Americans Can Protect Their Money: Understanding Asset Allocation
Stocks, bonds, cash equivalents—your investment portfolio is composed of different asset categories. But a 25-year-old’s portfolio looks markedly different from that of a 65-year-old—or at least it should. As you age and move closer to retirement, your asset allocation should reflect your desire to preserve capital, which manifests itself as a decreased tolerance for risk.…
Read MoreWells Fargo F.A. Kevin Wolf Sued for Allegedly Purchasing Unsuitable Life Insurance Policy
Kevin Wolf (CRD#: 1067376), a registered representative with Wells Fargo Clearing Services, LLC of Naples, Florida, became involved in a pending customer dispute on July 10, 2019 in which a client alleges that he “made an unsuitable purchase of a life insurance policy,” according to his BrokerCheck report accessed on August 22, 2019. The client…
Read MoreWilliam Lellyett (Raymond James) Has Customer Complaints
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 16, 2016 indicate that Georgia-based Raymond James & Associates broker/adviser William Lellyett, Jr. has been the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lellylett…
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