Did Rabih M. Msallem Sell You Structured Notes?

Meyer Wilson is investigating potential claims against Citigroup for Rabih Msallem’s sale of structure notes. 

Meyer Wilson has been speaking with clients of Rabih Moufid Msallem, a Citigroup Global Markets investment adviser and broker, regarding allegations that he has been pushing structured notes to his clients without adequately disclosing the potential risks to investors. Clients also allege that he made unsuitable investment recommendations.

At Meyer Wilson, we represent investors who have been harmed as a result of investment fraud or stockbroker misconduct. Our legal team is nationally-recognized, having helped over 1,000 aggrieved investors recover losses. We offer 100% free investment claim evaluations. Contact our office today at (614) 532-4576 to discuss your case directly with an attorney. 

Allegations Against Rabih M. Msallem

It is alleged that Rabih M. Msallem (CRD#: 3199470) recommended structured notes to clients for the past several years. In his recommendations, according to the allegations, he would promote the downside protections without fully explaining the risk to the investor or ensuring that the product was in the best interest of the investor.

SEC Warning About Structured Notes

An investor bulletin issued by the U.S. Securities and Exchange Commission warned consumers about the potential risks of structured notes. The bulletin noted that structured notes are complex offerings that should not be invested in unless you fully understand the potential risks.

A structured note is a security issued by a financial institution. Its returns are based on things like interest rates, foreign currencies, or equity indexes. Your return is linked to the performance of the reference asset or index. Before investing, your broker or investment adviser should thoroughly explain the risks involved with these complex, often illiquid products. 

As recommended by the SEC, before you invest in a structured note, you have a firm understanding of:

If your broker failed to adequately explain the structured note that they recommended, you might be eligible to file an investment claim if it resulted in losses. 

Get Legal Representation for Your Investment Claim

If you sustained losses due to a broker’s unsuitable recommendation or failure to adequately disclose the risks of a structured note, contact our office. Call Meyer Wilson at (614) 532-4576 for a free consultation. Our lawyers can help you understand your rights including whether you are eligible to pursue a lawsuit or arbitration. Get the dedicated representation you deserve.

Meyer Wilson Investigates Representative Edward Allen Maynard

Did You Suffer Losses After Investing with Edward Allen Maynard?

Former Cambridge Investment Research Broker Edward Allen Maynard is accused of over-concentrating a client’s portfolio in non-conventional investments resulting in a multi-million dollar loss. A customer dispute is pending with damages requested in the amount of $2,600,000.

At Meyer Wilson, our firm is dedicated to investigating and filing investor claims against brokerage firms and their representatives who have engaged in misconduct. We have recovered hundreds of millions of dollars on behalf of aggrieved investors and continue to fight for clients nationwide.

If you suffered losses after investing with Edward Allen Maynard or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free case evaluation. 

Experience and Background of Edward Allen Maynard

Publicly available information indicates that Edward Allen Maynard is currently registered as a broker and investment adviser with SA Stone Wealth Management, Inc. He has been registered with the firm since 2015.
Prior to his employment with SA Stone Wealth Management, Maynard was employed with several other financial institutions including Cambridge Investment Research Advisors, Generic Financial Services, and Fidelity Institutional Services Company. 

Allegations Pending Against Maynard

According to Maynard’s BrokerCheck report, a customer dispute was filed on August 26, 2022. The dispute alleges that the broker, while employed by Cambridge Investment Research, Inc, overexposed and overconcentrated the client’s portfolio in non-conventional investments. The products included Direct Investment - DPP & LP Interests, Oil & Gas, and Real Estate Securities.

The customer has alleged damages in the amount of $2,600,000. The complaint was received by the Financial Industry Regulatory Authority on September 6, 2022, and remains pending.

Common Forms of Broker Misconduct

Unfortunately, broker misconduct is common and can result in substantial losses to investors. Brokers are required to make recommendations that are in the best interest of their clients. An investment recommendation may be unsuitable if the broker did not take into consideration a client’s investment objectives, risk tolerance, experience, financial situation, and other factors.

Another form of broker misconduct that may result in damages includes overconcentration. Overconcentration occurs when a broker fails to diversify assets causing an imbalance in the client’s portfolio. If you suspect any kind of wrongdoing or regulatory violations, you need to speak with an attorney as soon as possible.

File an Investor Claim Today

Did you sustain losses after investing with Edward Allen Maynard? At Meyer Wilson, we are investigating investment losses related to broker misconduct including allegations of unsuitability and overconcentration. Contact our office today at (614) 532-4576 to schedule a free case evaluation.

Meyer Wilson Investigates Broker Matthew Buchsbaum for Multiple Allegations

UBS Financial Broker Accused of Unsuitability and Misrepresentation in Recommending Options Overlay Strategy

UBS Financial Broker Matthew Buchsbaum has been accused of multiple allegations of wrongdoing. He currently has nearly a dozen pending customer disputes. Clients allege that the broker made misrepresentations and engaged in unsuitability when recommending an options overlay strategy. 

At Meyer Wilson, we represent investors who have been harmed as a result of fraud or misconduct. We have recovered hundreds of millions of dollars for clients nationwide. If you invested with Matthew Buchsbaum or in the Yield Enhancement Strategy offered by UBS Financial Services, contact our office at (614) 532-4576 for a free consultation. 

Pending Disputes Against Matthew Buchsbaum

In total, Matthew Stern Buchsbaum (CRD#: 2220565) has 31 disclosures on his BrokerCheck report. 11 of the disclosures involve pending customer disputes with damages requested in the amount of $500,000 to $4,000,000. Nearly all of the customer disputes involve unsuitable recommendations to invest and hold in an options overlay strategy. The strategy resulted in significant investment losses to clients nationwide.

In addition to allegations of unsuitability, the broker is also accused of making material misrepresentations. A class action is currently pending against the broker’s firm, UBS Financial Services. Investors accuse the firm and its representatives of failing to accurately disclose the risks associated with investment in its Yield Enhancement Strategy (YES). 

Customers who invested in the YES options program might be able to obtain compensation through a lawsuit or arbitration and should contact an investment fraud lawyer as soon as possible.  

Settled Disputes Against UBS Broker

A large number of similar disputes have been settled against the broker for amounts ranging from $200,000 to $4,100,000. Again, each of the clients alleges that the broker made unsuitable recommendations to invest in and hold an options overlay strategy.

FINRA Arbitration Awards

Two of the public disclosures on Buchsbaum’s report indicate that the disputes resulted in an award or judgment by the Financial Industry Regulatory Authority (FINRA). A six-figure award was issued in 2021 to clients who sustained losses after investing in the Yield Enhancement Strategy. 

A second award was ordered in 2022, again to clients who had suffered losses after investing in UBS’s YES options program. Compensatory damages in the case exceeded $5,000,000. Clients alleged that the broker and his firm engaged in fraud, misrepresentation, unsuitability, breach of fiduciary duty, negligence, and breach of contract when recommending the highly speculative Yield Enhancement Strategy.

Consult with an Investment Claims Attorney Today

Clients who invested with Matthew Buchsbaum and suffered losses are encouraged to contact our office for a free consultation. Call (614) 532-4576 to discuss your legal options with an experienced attorney.

Financial Broker Sonia Attkiss Investigated in Billion-Dollar Investor Dispute

Did You Suffer Financial Losses After Investing with Sonia Attkiss of UBS Financial Services?

Sonia Attkiss, a registered broker with UBS Financial Services, Inc. is facing multiple allegations of wrongdoing. The broker is accused of making unsuitable recommendations and misrepresentations regarding the UBS Yield Enhancement Strategy (YES). The YES strategy was a speculative, high-risk investment that resulted in significant losses to investors nationwide.

If you or a loved one sustained losses after investing with Sonia Attkiss in the UBS Yield Enhancement Strategy, contact our office for a free consultation. At Meyer Wilson, we have recovered hundreds of millions of dollars on behalf of victims of investment fraud and stockbroker misconduct. Call our office today at (614) 532-4576 to discuss your legal options. 

Pending Customer Disputes Against Sonia Attkiss

Sonia Attkiss (CRD#: 2936806) is the subject of multiple customer disputes. According to her BrokerCheck report, they all have come during her 6-year employment with UBS Financial Services, Inc. Almost all of the allegations involve damages exceeding six figures. 

The pending customer disputes all allege that Attkiss engaged in misrepresentation and unsuitability in recommending investment in a risky options overlay strategy. In some cases, affected customers are requesting damages of $1 million or more. 

UBS Yield Enhancement Strategy

In March 2020, the Financial Industry Regulatory Authority (FINRA) issued an arbitration award to a customer who had sustained losses after investing in UBS’s Yield Enhancement Strategy. The customer alleged that Attkiss engaged in fraud, misrepresentation, unsuitability, breach of fiduciary duty, negligence, and breach of contract when recommending and selling the highly speculative options strategy product. 

A putative class action has been filed on behalf of investors who suffered losses in the complex YES strategy. The lawsuit states that UBS failed to accurately disclose the risks associated with the product and its expected performance. Additionally, the class action alleges that certain conflicts of interest were not disclosed. Damages have been requested in the amount of $1,200,000,000.

What to Do If You Suffered Losses After Investing in the YES Strategy

If you invested in the UBS Yield Enhancement Strategy and sustained losses, you might be entitled to compensation through a lawsuit or FINRA arbitration. It is important to consult with an experienced investment fraud attorney as soon as possible to determine your options. It is essential to act quickly, as you only have a limited amount of time to file a claim for damages.

Contact Our Office for a Free Consultation

Did you lose money after investing with Sonia Attkiss or the UBS YES Strategy? Contact our office at (614) 532-4576 for more information. We might be able to help you recover losses related to the investment in the Yield Enhancement Strategy. Get a free, no-obligation consultation today. 

Meyer Wilson Investigates Clark Harris for Broker Misconduct

Former Sigma Financial Broker Fired 

Clark D. Harris, a registered broker and investment advisor, has faced multiple allegations of misconduct and wrongdoing. Accusations include that Harris recommended and sold illiquid alternative investments without a FINRA license. In addition, settled customer disputes show that Harris reportedly made unsuitable recommendations to clients resulting in losses.

At Meyer Wilson, we provide dedicated representation for investors who have suffered financial harm as a result of investment fraud and broker misconduct. Our lawyers are nationally-recognized having recovered over $350 million for aggrieved investors. If you have sustained losses after investing with Clark Harris or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation. 

Accusations of Wrongdoing Against Clark Harris

According to his BrokerCheck account, Clark D. Harris (CRD#: 2730928) has worked for several different firms. However, the majority of his career was spent as a representative of Sigma Financial Corporation. 

During his time with Sigma, Harris became the subject of a number of allegations. In January 2012, a customer dispute was settled after allegations of Harris, as a registered representative of Sigma Financial, causing significant losses to his client after initiating a withdrawal from a variable annuity. 

A second customer dispute was settled earlier this year after allegations that Harris made unsuitable recommendations and that he “encouraged the customer to invest in a non-traded direct participation program (DPP) and a REIT. Both products are highly speculative and likely unsuitable for most investors. 

Employment Separation After Allegations

In April 2021, Harris was discharged from Sigma Financial Corporation after allegations that he recommended and sold illiquid alternative investments to customers without being adequately licensed. Additionally, the firm states that Harris attempted to conceal the illegal activity. 

Harris is currently employed with Aurora Securities. Individuals who invested with Harris are strongly encouraged to call a qualified investment fraud attorney. Investors who have sustained losses may be entitled to financial relief. Common causes of action include failure to supervise, unsuitability, unauthorized trading, breach of fiduciary duty, negligence, misrepresentation, and more.

FINRA Investigation 

Harris is the subject of an investigation initiated by the Financial Industry Regulatory Authority (FINRA). The regulatory agency is investigating whether the broker was properly registered when he “received securities compensation for recommending alternative investments.” The investigation is currently pending.

Recovering Investment Losses

If you have suffered investment losses after working with Clark Harris, you might be entitled to compensation through a lawsuit or FINRA arbitration. Contact our office at (614) 532-4576 for a free, no-obligation consultation. 

At Meyer Wilson, we have over 150 years of collective experience. We proudly represent investors nationwide and will work relentlessly to help you recover your losses. Do not wait. Call now to get started. 

Meyer Wilson Investigating Representative Darren Oglesby Amidst Allegations of Misconduct by His Customers

Money Concepts Capital Broker Subject of Multiple Customer Disputes

Darren Wayne Oglesby, a registered broker and investment adviser, has been the subject of multiple customer disputes.  Allegations against the broker include that he made unsuitable recommendations, failed to disclose risks, negligence, and misrepresentation.

At Meyer Wilson, we investigate and file claims on behalf of harmed investors nationwide. Victims of securities fraud or broker misconduct may be entitled to financial recovery through litigation or arbitration and are strongly encouraged to retain legal counsel. If you sustained losses after investing with Darren Oglesby or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation.

Allegations of Misconduct Against Darren Oglesby

Darren Ogelsby’s BrokerCheck report indicates that he has been the subject of several customer disputes. Allegations against him include that he failed to disclose the risk of an alternative investment recommended to a client. The product in question was a real estate security that resulted in six-figure losses to the now deceased investor. The matter was settled earlier this year. 

Previous allegations of wrongdoing include that the broker made unsuitable recommendations for clients to invest in DPP & LP interests and misrepresented the fees of the surrender period of a variable annuity. All customer disputes occurred while the broker was a representative of Money Concepts Capital Corp.

What to Do If You Suspect Broker Misconduct

If you suspect that a broker engaged in misconduct resulting in investment losses, you should consult with an experienced investor claims attorney.

Common claims of misconduct against brokers and investment advisers include:

A brokerage firm may also be held accountable for failing to supervise its representatives. An investment fraud attorney can help you understand your rights and pursue a claim for damages based on your losses. 

Why Hire an Attorney?

Without the help of an attorney, you might not receive the recovery you deserve. An attorney can help determine the best course of action, including whether to file a lawsuit or go through arbitration. 

At Meyer Wilson, our legal team has over 150 years of combined experience. We represent investors nationwide, having recovered hundreds of millions of dollars on their behalf. When you have serious losses, you need an attorney who can get you real results.

Contact Our Firm for a Free Consultation

Did you or a loved one suffer losses after investing with Darren Oglesby or another broker accused of wrongdoing? We might be able to help you recover your investment losses. Contact our office now at (614) 532-4576 to schedule a free consultation. Cases are handled on a contingency basis, meaning you pay no fees unless we win. Call today to get started.

Meyer Wilson Investigates Broker Daniel Barnard for Unsuitable Investment Recommendations

Former Berthel Fisher Broker Accused of Wrongdoing Including Unsuitable Recommendations and Misrepresentation

Daniel Barnard, a former broker with Berthel Fisher & Company Financial Services, Inc., has been the subject of multiple customer complaints. He is accused of making illiquid, unsuitable investments on behalf of clients. He has moved brokerage firms several times since he was terminated from Berthel Fisher in 2018.  He is currently a broker with Cabin Securities, Inc. 

At Meyer Wilson, we are investigating allegations of wrongdoing against stockbrokers and financial advisors, including Daniel Barnard. Our experienced attorneys have recovered millions of dollars in investment losses for our clients. We have represented thousands of aggrieved investors nationwide and offer a free, no-obligation consultation. Contact our office today at (614) 532-4576 to discuss your case with an attorney. 

Customer Disputes Against Daniel Barnard

According to Daniel Barnard’s BrokerCheck report, the broker has five disclosures, including one pending customer dispute. The pending customer dispute from May 27, 2022, alleges that he breached his fiduciary duty with regard to oil and gas investments. The client claims that the recommendation of an approximately $25,000 investment in an oil and gas investment was unsuitable.

Prior to the current dispute, another claim was settled by Berthel Fisher & Co. for allegations that investments purchased from 2011 until 2017 were “illiquid and not suitable” for him. Furthermore, the client alleged that Barnard misrepresented the offerings, including direct investments, real estate securities, and oil and gas investments. 

Unsuitable recommendations include those which are not in the best interest of an investor based on several factors, including their investment objectives, financial situation, risk tolerance, and experience. 

Allegations Leading to Employment Separation

In addition to multiple customer disputes, Barnard has two “Employment Separation After Allegations” reports. In 2008, he was discharged from Capital Analysts Incorporated after allegedly failing to follow the firm’s “policies and procedures with respect to borrowing money from a client.”

More recently, in 2018, Barnard was terminated from Berthel Fisher & Company Financial Services, Inc. after reportedly impersonating a client via telephone. Barnard has worked with seven firms, including Sun Investment Services Company and Pruco Securities Corporation. 

Contact Our Office for a Free Consultation

If you suffered losses after investing with Daniel Barnard or another broker accused of misconduct, you might be entitled to recover losses through litigation or FINRA arbitration. Contact our office at (614) 532-4576 to schedule a free consultation. 

At Meyer Wilson, we are well-versed in recovering investment losses. To date, we have secured over $350,000,000 on behalf of our clients and will continue to fight for those harmed as a result of investment fraud and stockbroker misconduct. We offer experienced, dedicated representation for clients across the nation.

Has Michelle Anthony Sold You Unsuitable Investments?

Centaurus Broker Subject of Customer Dispute Involving Unsuitable Recommendations

Centaurus Financial representative Michelle Elise Anthony (CRD#: 4512228) is the subject of a pending customer dispute. Previously, allegations of wrongdoing against her were settled in the amount of $132,500. Individuals who invested with Michelle Anthony and sustained losses are strongly encouraged to consult with legal counsel.

At Meyer Wilson, we help investors recover losses resulting from fraud or misconduct. Our experienced legal team has secured millions of dollars on behalf of clients nationwide. If you or a loved one have suffered losses after investing with Michelle Anthony or another broker accused of misconduct, contact our office at (614) 532-4576 to schedule a free consultation. 

Pending Allegations of Wrongdoing Against Michelle Anthony

According to Michelle Elise Anthony’s BrokerCheck report, she is the subject of a pending customer dispute. The dispute filed in May 2022 accuses the broker of recommending illiquid investments in Debt-Corporate and Real Estate Securities. The customers are requesting damages in the amount of at least $100,000 to recover their losses.

Settled Allegations of Misconduct

Prior to her employment with Centaurus Financial, Anthony was employed as a broker for Wells Fargo Advisors, LLC. During her tenure with the company, she received multiple customer disputes, including one that was settled for over $100,000. 

As reported by the Financial Industry Regulatory Authority (FINRA), one dispute arose after a son claimed that his mother was directed by her financial advisor to “surrender her annuity contract without fully understanding the tax ramifications.” The matter was settled for $132,500.

Other clients also accused the broker of making unsuitable recommendations or those that were not in their best interest based on factors like their age, risk tolerance, and investment experience.

Employment Separation After Allegations

In addition to multiple customer disputes, Anthony was permitted to resign from her position with Wells Fargo Advisors, LLC over concerns related to an “inaccurate document” provided to a third party. Over her 18-year career, Anthony has worked for several firms. She is currently registered as a broker and an investment adviser with Centaurus Financial. 

Speak with an Investor Claims Attorney Today

If you have suffered losses after investing with Michelle Elise Anthony or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation. All case evaluations are free and without obligation to retain our services. 

At Meyer Wilson, we have recovered in excess of $350,000,000 on behalf of harmed investors. Our award-winning legal team has represented over 1,000 clients since 1999 and continues to fight for clients across the country. Investors who have sustained losses might be entitled to recovery through FINRA arbitration or by filing a lawsuit against a liable party. Call now to determine your legal options.

Meyer Wilson Investigates Broker Jeffrey Furniss

Lincoln Financial Broker Accused of Making Unsuitable Recommendations

Multiple clients have accused Lincoln Financial broker Jeffrey John Furniss (CRD#: 4888498) of making unsuitable recommendations in oil and gas investments resulting in losses. The customer disputes are currently pending. 

At Meyer Wilson, we represent investors who have sustained losses as a result of broker misconduct nationwide. Our legal team has decades of combined experience helping clients get their investment losses back. If you suffered losses after investing with Jeffrey John Furniss or another broker accused of wrongdoing, contact our office at (614) 532-4576 to schedule a free consultation. 

Current Customer Disputes Against Lincoln Financial Broker

Jeffrey John Furniss, a registered representative of Lincoln Financial Advisors Corporation, has been accused of misconduct by multiple clients. According to his BrokerCheck report, two clients allege that he made unsuitable recommendations in Oil & Gas investment. 

Settled Customer Disputes Against Furniss

The current disputes are not the only time that Furniss has been accused of wrongdoing. His report indicates that in 2017 a matter was settled for $150,000. The customer in the dispute alleged that Furniss had made unsuitable recommendations and failed to disclose important facts of a third-party managed account, variable annuity, Real Estate Investment Trust (REIT), and Oil & Gas investment.

Prior Experience of Jeffrey John Furniss

Furniss has worked for Lincoln Financial Advisors Corporation since 2005. 

What Are Unsuitable Recommendations?

Unsuitable investment recommendations are those investment recommendations that are inappropriate under industry standards to make to an investor because they are not in the best interest of the client. A broker or financial advisor is required to complete due diligence of both the investment and the client before making investment recommendations to a client. They must review their situation to determine whether the investment is appropriate for their portfolio.

Information such as the client’s income, investment knowledge, risk tolerance, age, and future financial needs all must be taken into consideration before a broker makes a recommendation, particularly with alternative investments. If a broker makes investment recommendations that are not in your best interest, the investor may be entitled to damages through FINRA arbitration. 

Contact Our Office for a Free Case Evaluation

If you have investment losses related to a broker’s unsuitable recommendations, you might be entitled to financial compensation. Contact our office at (614) 532-4576 to discuss your legal options directly with an attorney. 

At Meyer Wilson, we offer free, no-obligation consultations on investor claims. Since 1999, we have represented over 1000 clients across the country and recovered hundreds of millions of dollars. Call our office today to get started. Let us help you recover your losses through arbitration or litigation.

Meyer Wilson Investigates Broker Tony Barouti for GWG L Bond Sales

Emerson Equity Broker Accused of Misconduct in Multiple Claims

Tony Barouti (also known as Ahmad Agha Barouti), a registered broker with Emerson Equity, LLC, has been accused of misconduct in multiple customer disputes. Barouti allegedly recommended and sold investment in GWG Holdings, Inc. L Bonds. GWG Holdings recently filed for Chapter 11 Bankruptcy protection in the Southern District of Texas. Aggrieved investors are encouraged to contact an attorney as soon as possible to determine their legal options.

At Meyer Wilson, we provide legal representation for investors who have suffered financial loss due to investment fraud or broker misconduct. Our trial lawyers work tirelessly to hold brokerage firms and their representatives accountable for their wrongdoing. 

If you or someone you know invested with Tony Barouti or another broker who recommended GWG L Bond investments, contact our office at (614) 532-4576 for a free consultation. 

Claims of Broker Misconduct Against Tony Barouti

The Financial Industry Regulatory Authority (FINRA) provides detailed information about registered brokers, including any customer disputes. The information is available through FINRA’s BrokerCheck. Barouti’s BrokerCheck report indicates that he has been the subject of 5 public disclosures, all of which are customer disputes. Three disputes are currently pending.

The earliest pending customer dispute alleges that Barouti failed to disclose material facts, risks, and the speculative nature of an investment recommendation. The customer has requested damages in the amount of $1,270,000. 

A second customer dispute filed in march 2022 alleges similar wrongdoing. The customer has requested damages of $100,000. A final dispute filed by a customer in April 2022 makes several allegations, including breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, and overconcentration. The customer has requested damages in the amount of $185,000. 

Unsuitable Recommendations in GWG Holdings L Bonds

It is believed that Barouti, while a registered broker with Emerson Equity, recommended and sold GWG L Bonds. The investment was likely unsuitable for the average investor and resulted in significant losses. The SEC has previously stated that GWG L Bonds were unsuitable for customers who had moderate-conservative or moderate risk tolerances and that the investments were highly risky.  GWG Holdings, Inc. has recently filed for Chapter 11 bankruptcy protection making it difficult for harmed investors to recover losses directly from them. 

GWG Holdings investors may be entitled to relief through FINRA arbitration against brokerage firms that failed to supervise their representatives' recommendation of these speculative, illiquid products and the brokers that did not adequately disclose the risks associated with the L Bond sales.  

Did You Invest in GWG Holdings and Suffer Losses?

Did you invest in GWG Holdings L Bonds after recommendation by Tony Barouti or another broker? Contact our office at (614) 532-4576 for a free, no-obligation consultation. Harmed investors may be entitled to recovery through arbitration or litigation. Do not wait; call our office today to determine your legal options.