JERSEY CITY, NEW JERSEY Have you lost money with financial advisor Ramon Arturo Herrera of Jersey City, New Jersey?  We are continuing to look into allegations made by the U.S. Attorney’s Office for the District of New Jersey.  In 2019, Ramon Herrera pleaded guilty to securities fraud.  It was alleged that he stole over $450,000 …
Read More "RAMON HERRERA of Wells Fargo Sentenced to PRISON"

MONTGOMERY, TEXAS Have you lost money with financial advisor Forrest A. Jones of Montgomery, Texas?  We are looking into allegations made against Forrest A. Jones.  The Securities and Exchange Commission filed a complaint against Jones and two other individuals.  Forrest Jones was alleged to have raised $3.7 million in at least five fraudulent securities offerings.  …
Read More "COMPLAINTS Against Financial Advisor FORREST JONES"

GLENDALE, CALIFORNIA Have you lost money investing in variable annuities through UnionBanc Investment Services Securities?  We are currently investigating allegations made against UnionBanc Investment Services Securities, a Glendale, California-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against the brokerage firm, making allegations that it failed to supervise certain variable …
Read More "UNIONBANC INVESTMENT SERVICES Fined For Loss of Living Benefits"

SARASOTA, FLORIDA Have you lost money with financial advisor Marc Korsch, formerly of Centaurus Financial and now with Arkadios Capital in Sarasota, Florida?  We are looking into allegations made against Marc Korsch. Marc Korsch has been the subject of three customer complaints, some of them alleging unsuitable recommendations to invest in private REITs (or real …
Read More "Investigation of MARC KORSCH of Arkadios and Centaurus Financial"

COLLEGEVILLE, PA Have you lost money with financial advisor Richard Wesselt, formerly with O.N. Equity Sales Company, from Collegeville, Pennsylvania?  We are continuing to look into allegations made by FINRA (the Financial Industry Regulatory Authority).  FINRA alleged that O.N. Equity Sales Company (or ONESCO) failed to reasonably supervise Wesselt’s conduct with respect to surrenders of …
Read More "ONESCO to Pay $1.2 Million Back to Customers of RICHARD WESSELT"

MINEOLA, NY Have you lost money with financial advisor David Martirosian of Mineola, New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against David Martirosian.  FINRA barred Martirosian after he failed to respond to an investigation.  Martirosian was being investigated for allegations that he engaged in unsuitable and excessive trading …
Read More "Warning: DAVID MARTIROSIAN of Joseph Stone Capital is BARRED"

TAMPA, FLORIDA Have you lost money with financial advisor Frederick J. Rock from Tampa, Florida?  We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Frederick Rock.  Rock was being investigated regarding allegations that he sold investments in a start-up waste-to-energy technology company without permission from his former brokerage firm, Pruco …
Read More "FREDERICK ROCK of Pruco Securities Is SUSPENDED"

PHOENIX, ARIZONA Have you lost money with financial advisor John Lee Scott of Phoenix, Arizona?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority.  FINRA barred John Lee Scott after he failed to respond to an investigation.  FINRA was investigating Scott regarding his alleged involvement in private securities transactions and outside business …
Read More "Warning: JOHN LEE SCOTT of LPL Financial Is Now BARRED"

NEW YORK, NY Have you lost money with financial advisor Matthew Siliato of New York, New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority.  FINRA barred Matthew Siliato after he failed to respond to an investigation.  FINRA was investigating Siliato regarding allegations that he excessively traded (or churned) customer accounts …
Read More "Warning: Financial Advisor MATTHEW SILIATO is BARRED"