Current Investigations (2024)

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  ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT

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  ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT

  Current Investigation

ANN VANDERSLICE DRAWS $250,000 CUSTOMER FINRA COMPLAINT

Ann Vanderslice, a/k/a Ann Werts has been named in a $250,000 FINRA arbitration claim brought by a customer alleging that Ms. Vanderslice made unsuitable investment recommendations and failed to do due diligence on new offerings, according to her FINRA BrokerCheck Report. Ann Vanderslice Complaint History The report shows that Ann Vanderslice has worked for ten different firms in her 16-year career as an investment adviser and has been the subject of three reportable events, including an employment separation following a customer’s allegation that Ms. Vanderslice misrepresented a variable annuity rider and forged the customer’s signature. Ann Vanderslice is currently registered through Madison Avenue Securities, LLC of Lakewood, Colorado and independent advisor AE Wealth Management, LLC. For seven years, Ms. Vanderslice was registered through Cabot Lodge Securities, LLC, also of Lakewood, Colorado. Ann Vanderslice also presently does business as “Federal Benefits Made Simple,” along with financial advisors Jason Johnson, Ashley Robinson, and Dan Werts. Ann Vanderslice is alleged to have sold [...]

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  EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM

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  EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM

  Current Investigation, Legal Matters

EMERSON EQUITY BROKER HIT WITH $1.37 MILLION L BOND LOSS CLAIM

According to Investment News, Tony Barouti, a stockbroker registered with Emerson Equity and based in Los Angeles, California, has been hit with a $1.37 million arbitration claim from customers who lost money in GWG Holdings L Bond investments. As previously covered inthis space, GWG Holdings, Inc., a financial services firm based in Dallas, Texas,filed for bankruptcyon Wednesday, April 20. The bankruptcy followed the company’s failures to make principal and interest payments on its L Bonds series and its missed deadlines to file audited financial statements for the past two years. GWG L Bonds shares have collapsed in the wake of the GWG Holdings bankruptcy filing. What are GWG L Bonds? GWG Holdings, through subsidiary GWG Life, LLC, owns life insurance policies. GWG Holdings used these policies to form investments called “L Bonds.” These L Bonds allowed investors to purchase life insurance policies on a secondary market, using payouts from the deaths of the insureds to pay investors. GWG L Bonds [...]

FRANKOWSKI FIRM GWG L BONDS PAGE: WWW.GWGCLAIMS.COM

For more information on how to recover your losses in GWG Holdings Inc.'s L Bonds, please visit www.gwgclaims.com

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  GWG HOLDINGS L BOND LOSSES

  Gallery

  GWG HOLDINGS L BOND LOSSES

  Current Investigation

GWG HOLDINGS L BOND LOSSES

As previously covered inthis space, GWG Holdings, Inc., a financial services firm based in Dallas, Texas,filed for bankruptcyon Wednesday, April 20. The bankruptcy followed the company’s failures to make principal and interest payments on its L Bonds series and its missed deadlines to file audited financial statements for the past two years. GWG L Bonds shares have collapsed in the wake of the GWG Holdings bankruptcy filing. What are GWG Holdings L Bonds? GWG Holdings, through subsidiary GWG Life, LLC, owns life insurance policies. GWG Holdings used these policies to form investments called “L Bonds.” These L Bonds allowed investors to purchase life insurance policies on a secondary market, using payouts from the deaths of the insureds to pay investors. GWG Holdings L Bonds Collapse GWG Holdings’ L Bonds became popular with brokerage firms and financial advisors a few years ago, with many advisors soliciting their clients’ purchase of these bonds. According to Investment News, investors purchased a total of [...]

Lost Money Investing Through Robinhood? Learn Your Options for Recovery with The Frankowski Firm

According to the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database, the popular investing and trading platform Robinhood Markets, Inc. (“Robinhood”) received fifty-nine (59) consumer complaints so far in 2020, as of the date of writing. Customer complaints against Robinhood in the CFPB database include locked accounts, withdrawal delays, customer service responsiveness, among other issues. learn more.

Sierra Income Corporation Investors May Have a Right to Recover Losses

The Frankowski Firm is investigating potential claims related to investor losses in the Sierra Income Corporation. Sierra is a non-traded business development company (“BDC”). As a non-traded investment, Sierra Income is considered an illiquid and high-risk investment and therefore should never have been recommended or sold to investors who needed cash flow from their investments or were not looking to engage in speculative trading. learn more.

Interactive Broker Customers See Accounts Go Negative Due To Falling Oil Prices

Crude oil prices fell into negative territory this week for the first time in history. The negative pricing means that an investor with a long position in oil would have to pay someone to take their oil investment off their hands. The historic drop has sent shockwaves through the market. learn more.

Westpark Capital

NEW YORK – In three years of managing investments for North Dakota farmer Richard Haus, Long Island stock broker Mike McMahon and his colleagues charged their client $267,567 in fees and interest – while losing him $261,441 on the trades, Haus said. We invite you to learn more.

Mismanagement of Retirement Plans, Leading to Excessive Fee Generation

The Frankowski Firm is investigating claims of broker fraud and mismanagement that has led to significant losses and excessive fees in employee 401(k) retirement plans. We invite you tolearn more.

Investment in Puerto Rico Municipal Bonds and Bond Funds

Puerto Rico municipal bonds have been rated as “junk” bonds by Standard and Poor, and investors have lost thousands of dollars as a result. The Frankowski Firm is currently investigating customer claims of losses connected to these municipal bonds. We invite you tolearn more about these claims.

Claims against Wedbush Securities Broker Mark Augusta for Sale of Puerto Rican Municipal Bonds

The Frankowski Firm is currently investigating claims of unsuitable and misrepresented sales of Puerto Rican municipal bonds by Wedbush Securities and stockbroker Mark Augusta. The NYSE regulatory body has already brought charges against Wedbrush Securities and its owner, Edward W. Wedbrush, for failure to supervise. If you purchased Puerto Rican municipals bonds, or any securities, from Wedbrush Securities, or from broker Mark Augusta, we invite to you learn more.

Potential Unsuitability claims against Multiple Morgan Stanley Smith Barney Brokers

Morgan Stanley Smith Barney has been a powerhouse brokerage firm for years. The Frankowski Firm is currently investigating claims on behalf of clients throughout the country who may have sustained losses because of unsupervised sales of unit investment trusts. We are also investigating New Orleans broker Timothy Thomas Gibbons for potential suitability claims against elderly clients. If you hired Timothy Thomas Gibbons as your broker, we invite you to learn more. If you lost money investing in unit investment trusts, as an investor with Morgan Stanley, please read on to find out your options.

Former Broker Charles Fackrell and LPL Financial, LLC to Pay $462,000 Arbitration award

Stock broker Charles Fackrell, of Yadkinville, North Carolina, used to work for LPL Financial, LLC. He was permanently barred by FINRA in February 2015, after he failed to cooperate in FINRA’s investigation into claims against him. He was also convicted of criminal charges for running a Ponzi scheme. Now, LPL Financial, LLC has been ordered to pay $462,000 in an arbitration award. If you invested your money with LPL Financial, LLC, or with Charles Fackrell, you may be entitled to damages. Please read on for more information about how the Frankowski Firm can help.

If You Lost Money Investing with the Woodbridge Group, the Frankowski Firm Wants to Hear from You

The SEC has announced it will bring charges against the Woodbridge Group and its founder, Robert Shapiro, for a $1.2 billion Ponzi scheme. The Frankowski Firm is currently accepting cases on behalf of California investors who were defrauded out of their investments. We invite you to learn more about the case.