Silver Law - Securities Arbitration and Class Action Law; Securities and Investment Fraud Attorneys

https://lnkd.in/eVjbHdjj Influencer And Entrepreneur Aaron Wagner Arrested For Misuse Of Investor Funds Aaron A. Wagner, a former college football player, social media financial influencer, and entrepreneur, has been arrested in Utah for misappropriating investor funds. The Department of Justice’s complaint described wire fraud in which Wagner diverted investor funds intended for a restaurant investment and used them to purchase a private plane. He was arrested on October 24th, 2024, for wire fraud and is being held in a jail in Salt Lake City.

https://lnkd.in/evNammdZ Franchise Group Bankruptcy Costs B Riley Wealth Management Clients Silver Law Group is investigating B Riley’s recommendation that investors purchase shares of Franchise Group as late as 2023. Following reports of Franchise Group Inc.’s (FRG) bankruptcy filing in Delaware, B. Riley chairman Bryant Riley sent an email to the firm’s employees stating that he felt “personally sick” in the aftermath. The bankruptcy came just over one year after Riley assisted with the formation of FRG, and the $2.8 billion he helped to arrange for the buyout. The newly formed FRG became a key holding of B. Riley. Shares of B. Riley fell 12% in New York trading following the announcement on Sunday.

https://lnkd.in/eUVPBJNA Did B Riley Recommend You Invest In Franchise Group, Inc. (FRG) Silver Law Group is representing investors in Franchise Group, Inc (FRG) through B Riley Wealth Management based on investor allegations that B Riley failed to disclose known negative information about FRG and conflicts of interest between FRG principal Brian Kahn and B Riley’s CEO. Franchise Group, Inc., (FRG) the parent company of Vitamin Shoppe and other retailers, has filed for Chapter 11 Bankruptcy. The filing comes after months of issues with its backing company, B. Riley, Financial, Inc. Filed in Delaware, the company has nearly $2 billion in debts.

https://lnkd.in/d7RVaXdU Fox News Interviews Attorney Scott Silver About Florida Financial Frauds Silver Law Group founder Scott Silver was recently interviewed about a report on the amount of financial loss from investment fraud that originates in the Sunshine State. The report indicates that Floridians lost a total of $311 million to various types of investment frauds in 2023. Only California and Texas have higher losses. “It’s a huge problem, especially here in Florida, which seems to attract a lot of people who are running scams and trying to take advantage of people,” Mr. Silver told Fox13 News. “Social media, the internet, the ability to basically promote these kinds of frauds and Ponzi schemes has made it much easier to target specific people and communities.”

https://lnkd.in/eppD7HRc FINRA Awards “Emotional Distress Damages” To Two Victims Of GWG Holdings’ L-Bonds FINRA’s Arbitration Panel recently awarded “emotional distress damages” to two investors involved in a claim against Ages Financial Services involving the sale of GWG Holding’s ill-fated L-Bonds. Silver Law Group has represented many GWG investors. The two investors received $75,000 each. It is one of FINRA’s largest awards for emotional distress damages in its history.

https://lnkd.in/efxj5sUh Broker Timothy Jefferson Suspended After Misappropriating Client’s Funds Timothy Jefferson (CRD# 5004750, aka Tim Jefferson, Timothy Fleming Jefferson) is a previously registered broker and investment advisor last employed with Aegis Capital Corp. (CRD# 15007) of Brentwood, TN. His previous employers include Ameriprise Financial Services, LLC (CRD# 6363) and Metlife Securities Inc. (CRD# 14251), of Franklin, TN, and Metropolitan Life Insurance Company (CRD# 4095) of Fayetteville, TN. He has been in the industry since 2005.

https://lnkd.in/g-UFZJsM FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement October, 2024 According to FINRA Disciplinary actions for October, 2024, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Jason Bostian Wells Fargo Clearing Services, LLC Morgan Stanley Helen Caldwell Wells Fargo Clearing Services, LLC Citigroup Global Markets Inc. Henry Chang Laidlaw &Company Morgan Stanley Brian Chicas NYLife Securities LLC Larry Law Great Point Capital, LLC JRL Capital Corporation Gaetano Magarelli Center Street Advisors, Inc. Newbridge Securities Corporation Ryan Stoner Fifth Third Securities, Inc. Wells Fargo Clearing Services, LLC Joseph Todaro Network 1 Financial Securities Inc. SW Financial

https://lnkd.in/gMJ3uWrP FINRA Suspends Registered Individuals For Violations Of FINRA Rules October 2024 According to FINRA Disciplinary actions for October 2024, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers: NAME FORMER EMPLOYERS Iam Aguilar Fidelity Brokerage Services LLC Luke Brooks U.S. Bancorp Investments, Inc. Glenn Colangelo American Independent Securities Group, LLC The O.N. Equity Sales Company Luis Jean-Bart PFS Investments Inc. Matthew Kagan Merrill Lynch, Pierce, Fenner & Smith Incorporated Northwestern Mutual Investment Services, LLC Joseph Seidler RBC Capital Markets, LLC Wells Fargo Clearing Services, LLC

https://lnkd.in/guB6jy6G FINRA Bars Stockbrokers For Failing To Provide FINRA With Information October 2024 According to FINRA Disciplinary actions for October 2024, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS Fanar Almosleh U.S. Bancorp Investments, Inc. Sebastian Bongiovanni Spartan Capital Securities, LLC Newbridge Securities Corporation Nicholas Camp Merrill Lynch, Pierce, Fenner & Smith Incorporated Jessica Cottee Valic Financial Advisors, Inc. Park Avenue Securities LLC Samuel Girgiss Spartan Capital Securities, LLC Worden Capital Management LLC Johnathan Grasser Farmers Financial Solutions, LLC Vanessa Hendrickson NYLife Securities LLC Zayed Regalado NYLife Securities LLC Jeffery Sanders Woodmen Financial Services, Inc.

https://lnkd.in/gnAfud_i Keith Dagostino Subject Of Multiple Customer Disputes – Aegis Capital Keith Dagostino (CRD# 2837860) is a broker currently registered with EF Hutton of Woodbury, NY. His previous employers include Aegis Capital Corp. (CRD# 15007) And Oppenheimer & Co. Inc. (CRD# 249), both of Melville, NY, and Stifel, Nicolaus & Company, Incorporated (CRD# 793) of Oyster Bay, NY. He has been in the industry since 1997.