Silver Law Group represents investors in arbitration claims against the broker-dealers that sold GWG L Bonds. Silver Law Group, along with co-counsel, also filed a class action complaint directly against GWG Holdings and several of its principals to recover losses suffered by L Bond investors. L Bond investors have grown…
For several months, we’ve blogged about GWG Holdings, a Dallas-based company selling L-Bonds, which are not publicly traded and have considerable risk. The bonds are based on life insurance policies and were both risky and illiquid. In fact, in the fine print of GWG’s prospectus, it states, “Investing in our…
James Booth (CRD# 1906145), the founder of Booth Financial Associates and a registered representative with LPL Financial LLC in Norwalk, Connecticut has been permanently barred by the both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) from acting as a broker or investment adviser or…
Broker Ashley Charles Woodard (CRD#: 4703144), a broker in Greenville, SC is currently registered with NY Life Securities LLC (CRD#: 5167). Woodard formerly worked for Flynn Wealth Management with now-barred broker James Flynn. Silver Law Group has filed FINRA arbitration claims on behalf of clients who invested with Flynn Wealth…
Silver Law Group has filed a FINRA arbitration claim for more than $1 million on behalf of an investor who purchased shares in a GPB Capital’s Automotive Portfolio. The claim is against the broker-dealer who sold the investment to our client. Starting in 2016, based on the strong recommendation of…
On October 25, 2018, the SEC obtained a court order to halt the alleged fraudulent actions of a registered stock broker and his companies. The complaint by the SEC states that Sean Kelly used his companies, Lion’s Share Financial of East Cobb, Inc., Lion’s Share and Associates, Inc., and Lion…
Gaetano Magarelli CRD#2227996 Silver Law Group is investigating Boca Raton, Florida-based Newbridge broker Gaetano Magarelli following multiple customer complaints alleging unsuitable investment recommendations, churning and misrepresentation According to FINRA’s BrokerCheck report on Magarelli, a complaint was received in August of 2017 alleging that Magarelli had provided unsuitable investment recommendations. The…
Alexander Kibrik CRD#5556827 Silver Law Group is investigating Former New York, New York-based Garden State Securities broker Alexander Kibrik following a customer complaint alleging unauthorized investment activity and unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Kibrik, a complaint was received in March of 2017 alleging that Kibrik provided…
William C. Gennity CRD#4913490 Silver Law Group is investigating Staten Island, New York-based First Standard Financial Company broker Willam Gennity following a customer complaint alleging unauthorized investment activity, unsuitable investment recommendations and breach of fiduciary duty. According to FINRA’s BrokerCheck report on Gennity, a complaint was received in August of…
Silver Law Group won an award against former FINRA-registered broker Curtis D. Milakovich for unsuitable recommendations, churning, and acting as an unregistered investment advisor. FINRA Renders Award Through Arbitration On December 22, 2017, a FINRA arbitration panel awarded Silver Law Group’s clients $164,000 in compensatory damages after the arbitration panel…