Posts Tagged ‘mutual funds’
Mutual 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…
Read MoreDavid Colflesh has 13 Pending Complaints
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 12, 2016 indicate that Missouri-based NYLife Securities broker/adviser David Colflesh has received numerous pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Colflesh (CRD# 1184117). David Colflesh has…
Read MoreLPL broker Michael Sluhan has Complaint
The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Missouri-based LPL Financial broker and investment adviser Michael Sluhan (CRD# 3183641). Michael Sluhan has spent sixteen years in the securities industry and has been registered with LPL Financial in Town & Country, Missouri since 2008. Previous…
Read MoreAttention: Customers of Stockbroker, Louise Harrison
The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Florida-based American Portfolios Financial Services broker/adviser Louise Harrison, also known as Louise Kantor and Louise Ann Kantor (CRD# 1260653). Louise Harrison has spent 31 years in the securities industry and has been registered with American Portfolios…
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