U5 Expungement – FINRA Expungement Attorney

U-5 Expungement, FINRA Expungement Attorney, Featured by The White Law Group

Are you a financial advisor with a harmful U-5 entry on your FINRA CRD record? If so, it may be possible for you to expunge information from your CRD record such as a customer dispute or employment termination information.

The FINRA CRD system contains information from the Uniform Registration Forms that are submitted by broker-dealers and regulatory authorities.  Form U4, the Uniform Application for Securities Industry Registration or Transfer, and Form U5, the Uniform Termination Notice for Securities Industry Registration, are submitted by broker-dealers and are designed to report pertinent information about registered representatives.

Unfortunately, sometimes these statements are not completely accurate and may lead to legally viable claims for defamation, wrongful termination, retaliation, or discrimination.

The securities attorneys at The White Law Group may be able to help you clean up your employment record through the Financial Industry Regulatory Authority (FINRA) expungement process.

The White Law Group represents financial advisors in various disputes with their former employers, including representing advisors in claims related to wrongful termination, retaliation, discrimination, and outstanding promissory notes.

The firm has represented many financial advisors whose former employers improperly placed derogatory or inaccurate statements on their broker record.

To speak with a securities employment attorney regarding your legal rights and the expungement process, please call the firm at 888-637-5510.

For more detailed information on the FINRA expungement process, please seeFINRA CRD Expungement Explained.

The White Law Group, LLC is a national securities arbitration and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at https://www.wlgattorneys.com.

 

George Merhoff, Jr., Cetera | Lawsuits

George Merhoff & Cetera Advisor Lawsuits, Featured by Top Securities Fraud Attorneys, The White Law Group

Clients of George Merhoff & Cetera Advisors may have Recovery Options

Are you concerned about investment losses with George Merhoff, Jr. and Cetera Advisors? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim.

The White Law Group continues to investigate potential securities fraud claims regarding the liability that Cetera may have for losses sustained by Merhoff’s clients.

In August 2017, Oregon’s Division of Financial Regulation (DFR) alleged violation of “unfair” conduct and failure to supervise against Cetera Advisors, LLC and Merhoff.

According to Merhoff’s broker report, “DFR assessed a $70,000 civil penalty; $35,000 was collected near the time the Final Order became effective. The remainder will not be collected upon provided the voluntary heightened supervision is maintained. The Penalty was joint and several between Cetera Advisors LLC and George Merhoff.”

Cetera Advisors has reportedly had numerous lawsuits filed against them for more than $5 million in damages accusing Merhoff of over-concentrating their portfolios in unsuitable, high risk alternative energy investments, such as Linn Energy.

According to Merhoff’s FINRA broker report, he has 25 customer complaints against him, with 5 still pending. Allegations include charges of unsuitability, negligence, breach of fiduciary duty, and breach of contract, among others.

Last month Merhoff was reportedly fired for “violating firm’ s policies and procedures by making undisclosed payments to a customer of the firm.”

Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules.  If it can be determined that Merhoff violated FINRA rules and his employers failed to adequately supervise him, the firm can be held responsible for any resulting losses in a FINRA arbitration claim.

Free Consultation

For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.

 

 

 

 

GPB Capital Holdings Private Placements Investigation

GPB Capital Holdings Private Placements Investigation, Featured by The White Law Group

GPB Capital Holdings Delays Filing with the SEC again

Have you suffered losses investing in GPB Capital Holdings private placements? If so, the securities attorneys at the White Law group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to an article in Investment News on Thursday, GPB Capital Holdings, a leading seller of high-risk, high-commission private placements, has shown no signs of filing financials a year after stating its intention to take a break in raising money while it straightens out the accounting and financial statements of two of its existing funds.

The company reportedly suspended redemptions of funds until the audited financial statements have been released and public filings are completed.

GPB who has reportedly raised close to $1.8 billion in investor money since 2013, has missed several deadlines to file financial statements with the SEC for two of its largest funds, GPB Holdings II and GPB Automotive Portfolio, which combined have close to $1.3 billion in investor capital.

GPB Automotive Portfolio and GPB Holdings II, have reportedly paid brokers $100.1 million in commissions at a rate of 7.9% since inception.

Dealing with proper accounting standards was allegedly the reason for the delay last year. What’s the hold up now? According to Investment News, “The company won’t say, but keep in mind that GPB’s CEO and lead partner, David Gentile, is a CPA. That means even the accountant isn’t doing the accounting at GPB.”

This begs the question, what is the real value of these GPB investments? Investors are apparently not the only ones with questions. According to news reports, the FBI came to visit the GPB offices in February and collected documents with a search warrant.

Update on June 21, 2019

Now more bad news for investors. The company today reported significant losses in the value of the same two investment funds, GPB Holdings II and GPB Automotive Portfolio, which have seen declines in value, respectively, of 25.4% and 39%.

Recovery of Investment Losses in GPB Capital HOldings

Private Placement investments such as GPB offerings are highly complex, high risk investments. They are only suitable for sophisticated, accredited investors and institutions.

If you have suffered losses in a GPB Capital Holdings private placement offering please call the securities attorneys at The White Law Group for a free consultation.

This information is all publicly available and provided to you by The White Law Group. Please call The White Law Group for a free consultation with a securities attorney at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on the firm and its representation of investors, please visit https://www.whitesecuritieslaw.com.

 

 

OptionSellers.com – Catastrophic Loss Event

OptionSellers.com

OptionSellers.com Losses – Recovery Options for Investors

The White Law Group continues to investigate potential securities fraud claims involving OptionSellers.com losses.  If you have suffered losses investing with OptionSellers.com, you may be able to file a claim.

According to a statement from INTL FCStone Inc., the firm’s clearinghouse, on November 19, OptionSellers.com suffered devastating losses due to recent volatility in U.S. energy markets, causing accounts to be liquidated.

The Option Sellers.com losses were due to one of the most volatile weeks in the U.S. natural gas market in years.  Natural gas reportedly posted its biggest one-day percentage gain in eight years, only to follow with its largest one-day loss in 15 years the following day.

INTL FCStone said in a statement, this natural gas volatility “caused liquidity stress” for commercial and institutional customers of certain futures merchants.

The statement didn’t mention that OptionSellers.com was reportedly improperly allowing options trades in IRA accounts on margin and did not trade options conservatively. Short calls are among the riskiest options strategies because it can expose a client to limitless risk. OptionSellers.com failed to properly hedge investors’ assets causing their portfolios to a complete loss.

Unfortunately, not only did investors lose all their money, but many will owe money to Intl FC Stone for margin calls.

“Catastrophic Loss Event” – OptionSellers.com losses

After sending an email to investors entitled “Catastrophic Loss Event”, the firm’s website and social media accounts have “gone dark” leaving investors likely to wonder what recourse they may have.

The White Law Group has received numerous calls from investors who have suffered devastating losses investing with OptionSellers.com.

If an investment firm makes unsuitable or improper recommendations to its client such as a risky trading strategy and breaches its fiduciary duties it may be held liable for investment losses.

If you have suffered from OptionSellers.com losses, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney to discuss the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.

 

 

 

1 Global Capital (1st Global) & 1 West Capital file for Chapter 11 during SEC Investigation

1st global

Have you suffered losses investing in 1 Global Capital (1st Global) or 1 West Capital? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses through FINRA Arbitration.

1 Global Capital LLC (1st Global) and 1 West Capital LLC claimed to offer investors low-risk, high-return investments that 1st Global would use to fund merchant cash advance deals, according to sources.

According to reports, 1 Global Capital LLC, (“1st Global Capital”), the cash advance company, is a separate, unrelated company from 1st Global Capital Corp., the independent broker-dealer based in Dallas.

1 Global Capital and its affiliate, 1 West Capital reportedly filed for Chapter 11 Bankruptcy protection on July 28 “in order to address a sudden and acute liquidity crisis and to preserve their assets and business operations for the benefit of the individual lenders and all other constituencies,” according to the joint motions.

This “liquidity crisis” reportedly stemmed from the SEC’s investigation of 1 Global Capital LLC (“1st Global”), and its owner, for alleged securities law violations which include the alleged offer and sale of unregistered securities, the alleged sale of securities by unregistered brokers, and the alleged commission of fraud in connection with the offer, purchase, and sale of securities.

The White Law Group is investigating potential claims involving 1 Global Capital and 1 West Capital and the liability that sales agents may have for improperly recommending these investments.

For more information on the firm’s investigation involving 1st Global Capital, visit 1 Global Capital LLC – Securities Fraud Investigation.

If you are concerned about investment losses in 1 Global Capital (1st Global) and/or 1 West Capital, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a Contingency Fee Attorney, please call our offices at (888)637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit www.WhiteSecuritiesLaw.com.