Securities & Stock Broker Fraud Blog

Miller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse, and past clients of Marcus Boggs, for, among other things, fraud.

A former Merrill Lynch broker in Chicago pleaded guilty to wire fraud on Friday, admitting he stole more than $3 million from multiple clients for personal expenses, including luxury hotel stays and expensive meals, according to public documents.

Marcus Boggs, CRD#5055667, who spent his entire 12-year brokerage career with Merrill, entered the plea during a virtual hearing before U.S. District Judge Mary M. Rowland in the Northern District of Illinois. He faces a maximum sentence of 20 years for wire fraud, according to the agreement.

Miller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse, and past clients of Trevor Rahn, for, among other things, failing to conduct the necessary reasonable diligence to understand the cost implications of a recommended average pricing investment strategy and, as a result, lacked a reasonable basis to recommend the strategy to his customers..

FINRA has fined and suspended a former J.P. Morgan Securities broker in Los Angeles who was previously fired over “improper” trading and whose transactions in one elderly client’s account were highlighted in two articles in “The New York Times.”, according to FINRA documents.

Trevor Rahn CRD#: 2196155, a 26-year brokerage industry veteran, agreed to an 18-month suspension and $10,000 fine over allegations that he structured trades to generate unnecessary commissions and made a number of unauthorized trades in client accounts from January 2014 to September 2018, according to FINRA documents.

Miller Stern Lawyers – 410-Law-Firm is currently investigating for individuals who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments, failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading and elder abuse.

According to Advisors Hub and other sources, a pair of former J.P. Morgan Securities brokers have asked a court to nullify a high profile $19 million award issued last month by a Financial Industry Regulatory Authority arbitration panel.

A motion to vacate in U.S. District Court in the Southern District of Florida was filed alleging that the arbitration process “broke down” over the 43 hearing sessions as the arbitrators dozed off, failed to address a potential conflict and declined to admit an allegedly key piece of video evidence.

Miller Stern Lawyers – 410-Law-Firm is currently investigating for clients of  Darryl M. Cohen CRD:2786613 and any individual who may be victims of, and suffered damages and losses, due to stock market and financial abuses such fraud, mutual fund abuses, unsuitable mutual fund investments and failure to supervise, breach of fiduciary duty, overcharging , and unauthorized trading

According to Advisor Hub and other sources, Professional basketball player Chandler Parsons has allegedly brought a claim for approximately $5 million in damages against Morgan Stanley Wealth Management, according to regulatory records.

According to the public records, Parsons, a former Atlanta Hawks player, filed the claim in arbitration with the Financial Industry Regulatory Authority in January of this year, according to a copy of the Central Registration Depository record for his broker, Darryl M. Cohen CRD:2786613.Claimants