Failure to Disclose

Archive | Failure to Disclose

Merrill Lynch Accused By Investors Of Bad Investment Advice

Menard Sanford Schwartz of Chicago Illinois a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which settled for $61,883.00 on January 10, 2017 founded on accusations that investment recommendations made to the customer were not suitable concerning over-the-counter equities held in their […]

Read More »

Customer Sues Gentry Securities For Misrepresentation

November 07, 2017  |   Posted by :   |   Failure to Disclose, Stockbroker Fraud News   |   0 Comments

Larry Lee Aschebrook, of Chicago, Illinois, a former officer of Gentry Securities, LLC, is the subject of a customer initiated investment related civil action that settled for $140,000.00 in damages based upon allegations that misrepresentations were made to the customer regarding private placements. Civil Action No. 2015-CH-18129 (Oct. 25, 2016). The customer also alleged that […]

Read More »

Citigroup Global Markets Fined $725,000 for Disclosure Violations

January 31, 2012  |   Posted by :   |   Failure to Disclose, Securities Fraud, Stockbroker Fraud News   |   0 Comments

Citigroup Global Markets Inc. was censured and fined $725,000 this month by the Financial Industry Regulatory Authority (FINRA) for its failure to comply with disclosure requirements. From January 2007 through about March 2010, Citigroup Global failed to comply with the disclosure requirements of Rule 2711 of the National Association of Securities Dealers (NASD), a predecessor to […]

Read More »