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
Recent Investigations / Cases
Representing Investors Nationwide
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
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
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
The securities fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former International Assets Advisory, LLC ("IAA") registered representative Norman K. Farra, Jr. ("Mr. Farra"), most recently from Tampa, Florida. According to FINRA BrokerCheck, Mr. Farra has at least three customer complaints and terminated by IAA in November 2016. He was subsequently permanently barred by the securities industry for failing to cooperate with regulators investigating alleged... Read More
The securities fraud attorneys at Colling Gilbert Wright and Carter are investigating former Raymond James and Associates, Inc. registered representative Paul M. Alexander, most recently of Palm Beach Gardens, Florida. According to FINRA's Broker Check, Mr. Alexander has a at least five pending or settled customer complaints involving unauthorized trading and/or misrepresentation and unsuitability. Mr. Alexander was permited to resign from Raymond James in March 2015 after findings he ... Read More
The securities fraud attorneys at Colling Gilbert Wright and Carter are investigating former Broker Dealer Financial Services Corp. registered representative Norman R. Sicard, Jr. 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