Riera Law

04/04/2022

Investment Executive: FINRA seeks to speed arb for ill, elderly. Need help with your FINRA arbitration case? Call Riera Law for your no fee consultation.

American SRO proposes rule to accelerate resolutions for vulnerable investors

04/04/2022

Riera Law - What is Securities Misrepresentation and Omissions?

Most simply put, your broker has a duty to disclose to you a complete and accurate picture of the investment opportunities which they discover for you. Lying by omission is still lying. This fact reigns true throughout all facets of life, but is especially vital to hold securities brokers accountabl...

04/04/2022

Dead-Man-Trading Violation Triggers Finra Suspension. Fraud is everywhere. That's why Riera Law is here.

A former Wells Fargo Advisors broker allegedly “traded without authorization in the account of a firm customer, both before and after the customer's death,” the industry’s self regulator said.

03/31/2022

UBS must pay client $1.1M in FINRA arbitration award. Patrick David Ridgeway lost millions of dollars out of a windfall of $13 million he took to UBS and registered representative W. Mark Parker

The firm and a former rep recommended a course of actions that helped the wirehouse and hurt the customer, according to the FINRA arbitration case.

03/30/2022

FINRA Fines Jump 60% in 2021 While Case Numbers Drop Slightly.

Total fines would have fallen significantly over 2020 if not for the $57 million penalty against the trading app Robinhood, according to law firm Eversheds Sutherland.

03/28/2022

FINRA Fines Two Broker-Dealers $115,000 over GPB Private Placement Sales -FINRA claims that Dempsey Lord Smith LLC, which has approximately 100 registered representatives, made unsuitable recommendations.

The Financial Industry Regulatory Authority has fined two broker-dealers, Dempsey Lord Smith LLC and BD4RIA Inc., which sold GPB Capital private placement securities, according to settlement letters issued by the regulator. GPB Capital is a New York-based alternative asset management firm founded in...

03/25/2022

Department of Justice: Treynor Man Sentenced for Investment Fraud Scheme | USAO-SDIA. Fraud is everywhere, that's why Riera Law is here.

COUNCIL BLUFFS, IA – Jeffrey M. Carley, age 53, formerly of Treynor, was sentenced Tuesday, March 22, 2022, to five years in prison. Following his prison term, Carley will serve three years of supervised release. He was also ordered to pay $1,364,163.02 in restitution to the victims. Carley pleade...

03/24/2022

FINRA charges Fusion Analytics Securities with fraud | Financial Planning https://www.financial-planning.com/news/finra-charges-fusion-analytics-securities-with-fraud Coral Springs, Florida-based Fusion Analytics Securities made “material misrepresentations and omissions” to clients

Fusion Analytics Securities sold $1.8 million in bonds and collected 8% commissions while making material misrepresentations, the regulator says.

03/24/2022

Jorge L. Riera, as former Senior Counsel for the Southeast Region of the U.S. Securities and Exchange Commission (SEC), focuses his nationwide practice on investor claims against their brokers, investment advisers, advisory firms, and brokerage firms. Learn More: https://www.rieralaw.com/jorge-riera-attorney

03/23/2022

Call for Your Free Securities Fraud Case Evaluation: 305-204-9779

03/22/2022

Visit our FAQ for answers to common securities fraud questions. Riera Law Securities Law FAQ https://www.rieralaw.com/faq

Frequently asked questions about common securities fraud include making false representations regarding the investment product’s potential for profit.

03/22/2022

GWG Holdings L Bonds - Numerous lawsuits have been filed and regulatory matters have been initiated, alleging that GWG Holdings engaged in wrongdoing. Call us today to discuss your potential case.

Investors who bought GWG Holdings, Inc. (“GWGH”) L Bond Units (“L Bonds”) may be entitled to recover losses. Emerson Equity LLC and a network of broker-dealers pitched GWG investment products to retail investors.