Recent Investigations / Cases

Representing Investors Nationwide

Newbridge Securities Corporation, (Boca Raton, Florida) and registered representative Bruce Howard Jordan were subject of an Acceptance Waiver & Consent (AWC)  wherein they were censured, fined $225,000 and required to retain an independent consultant to conduct a comprehensive review of the reasonableness of the firm’s policies, systems and procedures and training with respect to its participation in private placement and minimum contingency offers. Jordan was fined $5,000 and suspended... Read More

As more news comes out, investors in GPB Capital  Holdings, LLC (GPB) private placements are starting to realize it may have been a giant ponzi scheme.  GPB was primarily supposed to be buying auto dealerships and waste-management businesses that were represented to provide attractive yields for the various firms' clients. GPB has told the broker-dealers, that marketed its private placements, that it is getting its financial house in order and completing an audit of its various funds. 

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A recent Wealth Management article details how UBS clients who were invested in a leveraged, esoteric options strategy described as a “conservative” and “low risk” way to get extra yield from their portfolios were shell shocked by losses they experienced at the end of last year. Many are now accusing the firm, as well as the two advisors who ran the so-called Yield Enhancement Strategy, of misrepresenting the dangers and have filed a series of complaints with the Financial Industry... Read More

The securities negligence and fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former Center Street Securities, Inc. ("CSSI") registered representative Satya Brata Shaw ("Mr. Shaw"), from the Tampa, Florida area. According to FINRA BrokerCheck, Mr. Shaw has at least eight regulatory actions and three customer disputes.  On or about July 6, 2017, Mr. Shaw entered into a Letter of Acceptance, Waiver and Consent (AWC) alleging a "Failure to Disclose Outside... Read More

UBS Financial Services, Santander Securities, Popular Securities and Oriental Financial Services are financial services companies that enjoy a strong presence in major markets throughout the world. These firms allegedly encouraged clients to take concentrated positions in Puerto Rican bonds closed-end municipal bond funds. Now, thousands of investors have received margin calls or been forced to liquidate their Puerto Rican holdings, resulting in significant financial losses.  Read more:... Read More

The securities litigation attorneys at Colling Gilbert Wright & Carter are currently investigating allegations of unsuitability and negligence against Clearwater, registered representative William Blair Gordon (Mr. Gordon).  Mr. Gordon has been registered with nine FINRA member firms including Investors Capital Corporation (ICC) where he was employed from October 1998 to November 2010.  ICC was a member of Cetera Financial Group (Cetera).  Mr. Gordon is currently registered with North... Read More

Colling Gilbert Wright & Carter has been contacted by several Orlando area investors in Future Income Payments, LLC (FIP) who are concerned that the returns they were promised have terminated.  We are now investigating those claims with the intention of filing a civil complaint to recover investor losses.   FIP marketing claims to be “the industry leader and an innovator in buying and selling secondary market pension and insurance policy cash flows, often referred to as "Structured Cash... Read More

Woodbridge Group of Companies LLC, a high-end real estate developer, on December 4, 2017, filed for bankruptcy amid the departure of its chief executive and an investigation into potential securities fraud linked to $1 billion in investments. The upscale nature of the properties made investments in the company appear attractive. Woodbridge is also linked to over 200 different potential limited liability companies that handle their real estate assets. Woodbridge Wealth offers several... Read More

Jay Costa Kelter, formerly known as Ignatius J. Costa, III, 48, was indicted yesterday by a federal grand jury on five counts of wire fraud, 16 counts of mail fraud, and one count of securities fraud, announced U.S. Attorney Don Cochran of the Middle District of Tennessee.


The indictment alleges that Kelter, who was affiliated with a Florida-based insurance and investment company,... Read More

The securities fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former VSR Financial Services, Inc. ("VSR") registered representative Paul C. Larsen ("Mr. Larsen"), most recently from Naples, Florida.  According to FINRA BrokerCheck, Mr. Larsen has at least sixteen customer complaints (all recorded between 2011 and 2016) and was terminated by VSR in September 2010.  Many of the customer complaints involve alternative investments including direct private... Read More