Stock Market Fraud Attorneys Blog

Representing Investors Nationwide

June 23, 2017

The securities fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former Cetera Advisors, LLC ("Cetera") registered representative Christopher Robert Hickman ("Mr. Hickman"), most recently from Delray Beach, Florida.  According to FINRA BrokerCheck, Mr. Hickman has at least six customer complaints and was terminated by Cetera in July of 2015.  He was subsequently suspended by the Financial Industry Regulatory Authority ("FINRA") for allegedly "engaging in an... Read More

Tags: Christopher R. HIckman, Cetera Advisors, FINRA, AWC, Premier Client Investments
May 24, 2017

A federal appeals court in Manhattan ruled that some 2,500 investors could not recover money from the investment giant JP Morgan for claims related to the massive ponzi scheme run by notorious fraudster Bernie Madoff.

The court said that the investors, who were called “net winners” because they withdrew more money from their accounts with Madoff than they invested, did not prove that JP Morgan had enough control over Madoff's behavior to justify a suit. The appeals court upheld a... Read More

May 05, 2017

As first reported by Jeff Cox, CNBC...Donald Trump is considering breaking up the nation's biggest banks, a vow he had made during the presidential campaign then seemed to put on the back burner. In an interview Monday with Bloomberg News, Trump said he is "looking at that right now." Major averages slipped as the news broke, then rebounded, while government bond yields hit their highs of the day.

The bank stocks rallied on Wall Street, with investors taking a win-win view: Breaking... Read More

Tags: Glass-Steagall, Bank of America, JP Morgan Chase, Merrill Lynch Unsuitability
April 27, 2017

Variable annuities are growing in popularity with many investors. A lot of investors look at these products as combinations of investments and insurance policies, thus, apparently, making them great ideas – you get money every year, and that amount of money can increase if the investments pay off. And because brokers make a larger commission on variable annuities, many less-than-ethical brokers are happy to push these products.

In reality, however, variable annuities are seldom a good... Read More

March 15, 2017

There's a simple maxim on the stock market: buy low, sell high. It's the core objective of every investor. However, just because that's the goal, doesn't mean every means of achieving that goal is legal or ethical. One of the most common forms of stock market fraud our lawyers see is the pump and dump scheme.

The pump and dump scheme is pretty basic. It works like this: an investor or group of investors acquire an extraordinarily cheap stock. They then use a number of tactics to talk... Read More

March 03, 2017

The securities fraud attorneys at Colling Gilbert Wright and Carter are investigating former Broker Dealer Financial Services Corp. registered representative Norman R. Sicard, most recently of  Orlando, Florida.  According to FINRA's Broker Check, Mr. Sicard has a pending customer complaint seeking to recover in excess of one million dollars.   

Mr. Sicard has been employed in the securities industry since August 1992.  In the twenty-four plus years he has been employed as a... Read More

Tags: Norman R. Sicard, Broker Dealer Finanial Services Corp., FINRA, Securities Arbitration, Orlando FL
February 21, 2017

“Churning” is the act of excessive trading by an unethical broker. Brokers do this because they make a small fee or commission on every trade, which means an unethical broker has an incentive to make a number of small, meaningless trades that pad their accounts but do nothing for you.

The difficulty on your part is determining when a broker is engaged in churning. After all, making trades is a key part of a broker's job, and in certain circumstances it's even appropriate for a... Read More

February 08, 2017

A Texas federal judge on Wednesday upheld the U.S. Department of Labor’s controversial fiduciary rule for retirement advisers — just hours after the agency had asked to stay the case in light of President Trump’s directive to review and possibly rescind the rule.  The Texas case (U.S. Chamber of Commerce, et. al. v. Edward Hugler and United States Dept. of Labor).  The court, ignoring the government's stay motion, issued an 81-page opinion upholding the rule, including its prohibition on... Read More

Tags: Fiduciary Rule, Department of Labor, class waiver, Federal Arbitration Act
February 03, 2017

The securities litigation attorneys at Colling Gilbert Wright & Carter are currently investigating a possible Financial Industry Regulatory Authority (FINRA) arbitration claim against form Investors Capital Corp. (ICC) registered representative Donnie Eugene Ingram.  Mr. Ingram was employed with ICC from February 1997 to July 2016 and operates Ingram Financial Group in Winter Haven, Florida.

According to FINRA BrokerCheck Records, Mr. Ingram has at least seven disclosures... Read More

Tags: Don Ingram; FINRA, BrokerCheck; REITs, LPs. Junk Bonds
January 19, 2017

At Colling, Gilbert, Wright & Carter, our stock market fraud attorneys have seen how fraud can ruin the lives of innocent investors. When investors are victimized by fraud, they often lose their entire life savings. Our experienced attorneys can help you pursue justice and compensation, but by far the best option is to protect yourself in the first place.

We want to help you protect yourself. That's why we're recommending this story from CNBC, which provides some useful... Read More

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