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4
Mar

WARNING! Impending Investigation–JOSH R. ABERNATHY and OMEGA INVESTMENT GROUP

Josh R. Abernathy and Omega Investment Group Have you lost money with financial advisor Josh R. Abernathy from Norfolk, Virginia?  We are investigating allegations made by the U.S. Attorney for the Eastern District of Virginia, who charged Joshua Ray Abernathy with mail fraud and conducting unlawful monetary transactions on March 2, 2015.  Abernathy is accused …
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3
Mar

WARNING! Impending Investigation–MICHAEL W. KORSON and PFS INVESTMENTS

Michael W. Korson and PFS Investments Have you lost money with financial advisor Michael W. Korson from Wixom, Michigan?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Michael Korson.  FINRA alleged that Korson sold convertible debentures and preferred stock in a company that he was an owner, called My Coupon …
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3
Mar

WARNING! Impending Investigation–CHRISTOPHER F. FOSTER and GLOBAL ARENA CAPITAL

Christopher F. Foster and Global Arena Capital Have you lost money with financial advisor Jerry I. Chancy of New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Christopher F. Foster.  Foster has been suspended from the securities industry for six months and fined $5,000 after he failed to timely …
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28
Feb

WARNING! Impending Investigation–ASCENDIANT CAPITAL MARKETS LLC and SEAN SPEARMAN

Ascendiant Capital Markets LLC and Sean Spearman   We are currently investigating allegations made against Ascendiant Capital Markets LLC, an Irvine, California-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Ascendiant Capital Markets for failing to timely update Form U-4s for two (one former, one current) of its registered …
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28
Feb

WARNING! Impending Investigation–BRYAN W. ANDERSON, TERRY J. BAGWELL and PRUCO SECURITIES LLC

Bryan W. Anderson, Terry J. Bagwell and Pruco Securities LLC We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against Terry Joe Bagwell, an advisor in Birmingham, Alabama.  Bagwell was alleged to be the supervisor designated to supervise another registered representative (Bryan Wayne Anderson) of Pruco Securities that sold $8.4 million in …
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28
Feb

UPDATE! Investigation of CHARLES C. FACKRELL and LPL FINANCIAL

Charles C. Fackrell and LPL Financial Have you lost money with financial advisor Charles Caleb Fackrell from Yadkinville, North Carolina?  We have been investigating Charles Fackrell, after he was arrested in December 2014 for allegations that he stole at $300,000 from his clients.  Fackrell worked at Fackrell/Trivette Wealth Management in Yadkinville. Charles Fackrell was recently …
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28
Feb

WARNING! Impending Investigation–DOUGLAS J. MELZER and WELLS FARGO ADVISORS

Douglas J. Melzer and Wells Fargo Advisors Have you lost money with financial advisor Douglas J. Melzer in Aquatic Systems Unlimited?  We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against Douglas “Dutch” Melzer, from Sewickley, Pennsylvania.  FINRA alleges that Melzer sold at least $2 million in investments in Aquatic Systems Unlimited, …
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27
Feb

INLAND AMERICAN REIT Announces Significant Drop in Value and Distributions

Inland American REIT Announces Significant Drop in Value and Distributions In a recent filing with the Securities and Exchange Commission (SEC), Inland American, a non-traded REIT or Real Estate Investment Trust, announced that the net asset value (NAV) of its shares dropped 42.4%.  The NAV dropped from $6.94 in 2013 to $4 currently.  Inland American …
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26
Feb

WARNING! Impending Investigation–FRANCIS V. LORENZO and HUNTER WISE SECURITIES LLC

Francis V. Lorenzo and Hunter Wise Securities LLC Have you lost money with financial advisor Francis V. Lorenzo?  We are investigating allegations made by the Securities and Exchange Commission (SEC) against Francis Lorenzo, a financial advisor from New York City.  The SEC alleges that Lorenzo violated securities rules and regulations when he solicited investors to …
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26
Feb

WARNING! Impending Investigation–PERRY S. ABBONIZIO and WELLS FARGO ADVISORS

Perry S. Abbonizio and Wells Fargo Advisors Have you lost money with financial advisor Perry Stephen Abbonizio?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Perry Abbonizio, from Conshohocken, Pennsylvania.  FINRA alleges that Abbonizio participated in private securities transactions without approval from his securities brokerage firm, Wells Fargo Advisors.  FINRA …
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