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I was looking for a lawyer for an investment fraud case, when I found one that had already started a class action against the same defendant. When I pleaded to join his case as a class member (because my story was the same as his plaintiffs), he rejected me, citing that if he prevailed, he would... View More 
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answered on May 12, 2025
Generally, a lawyer initiating a class action has a duty to represent the entire class. While there may be strategic reasons for defining a class in a certain way, rejecting a potential member solely to avoid diluting recovery raises ethical and legal concerns.
1. Duty to the Class: Class... View More
I hired a personal advisor who arranged to house my money at Schwab. Initially, communication was good, but once the money started transferring, the advisor stopped communicating. I attempted to contact her several times without any assistance. Although we haven't lost any money, $1,350 was... View More
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answered on Apr 24, 2025
If your financial advisor stopped communicating after the transfer of funds and $1,350 has been taken from your account, you should take the following steps immediately to protect your interests:
Document Everything: Keep records of all communications with the advisor, including emails,... View More
I am dealing with potential forgery, fraud, and mismanagement of a Trust established for myself in which I am categorized under a ‘Special Needs Trust’ that does not reflect my circumstances. There's discrepancies; absence of my signature, false info, multiple drafts, fraud and complete... View More
answered on Nov 15, 2024
Few lawyers want to take on a client who has already met with a number of lawyers, all of whom passed on the case. Lawyers would likely assume all of the attorneys who reviewed the case saw something they didn’t like, so why would my review of it be any different? Meeting with a lot of attorneys... View More
answered on Aug 19, 2024
Our firm does handle this type of claim both with respect to cryptocurrency and NFT in investment scams. While there are legitimate investment opportunities, scammers can and have taken advantage of individuals who do not understand them.
That being said, these are high risk investments.... View More
Around $20k lost, have records of all communication and transactions. Have contact info for numerous employees as well, job seemed like legitimate company but may have been spoofing the real one. Was reached out to by a recruiter from legitimate website like Indeed.
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answered on Jun 29, 2024
I'm sorry to hear about your situation. The first step you should take is to gather all your evidence, including communication records, transaction details, and the contact information of the employees you interacted with. This documentation will be crucial for any legal action or... View More
Calls me and says the check was no good ,Even though the check cashing company called the issuer of the check and verified that the check is good and go ahead and cash the check! Apparently the issuer of the check received a banking notice to direct deposit the funds electronically to my bank,... View More
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answered on May 10, 2024
Based on the details you've provided, it seems you are caught in a difficult situation due to the actions of the check issuer and complications with your bank. Here are a few steps I would recommend taking:
1. Document everything - Make sure you have records of all communications with... View More
Today our portfolio is valued at 75,000. We are retired and this has greatly impacted our retirement. I can’t believe a planner would loose this staggering amount for a couple in retirement. I know there were risks but that is why we trusted a planner. Our record keeping has not... View More
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answered on May 3, 2024
Stock trading is a risky business. That being said, financial planners typically are licensed and are subject to liability under a negligence standard. So if the financial planner was grossly negligent such as investing all your money into a single high-risk stock without telling you then they... View More
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answered on Apr 11, 2024
To stay updated on the USA vs Hewko case (2:19-cv-09736-FLA-AFM), you have a few options:
1. PACER (Public Access to Court Electronic Records): As one of the investors in the case, you can register for a PACER account at https://pacer.uscourts.gov/. This will allow you to access case... View More
I have an webull account and I was wondering if my 16 year old son could make stock trades on my account if I give him permission, I live in California and I was wondering if this was legal? This is my own money, I’m on a cash account.
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answered on Apr 4, 2024
In the United States, there are legal restrictions on minors (those under 18 years old) engaging in financial transactions, including stock trading. Here are some key points regarding your situation:
1. Brokerage accounts are typically opened and maintained under the name of an adult... View More
he picked an attorney for the senior to remove the CEO of the family business, make libel and slanderous statements that cost him his 20 year marriage, and they steal his interest in the company costing him millions. The advisor gets investigated by FINRA and loses his license. but with attorneys... View More
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answered on Jan 31, 2024
James is right, but with one caveat. Every FINRA firm requires investors to sign arbitration agreements agreeing to have FINRA arbitrators decide the case. FINRA arbitration is a tricky place so make sure any attorney you talk to knows the forum.
he picked an attorney for the senior to remove the CEO of the family business, make libel and slanderous statements that cost him his 20 year marriage, and they steal his interest in the company costing him millions. The advisor gets investigated by FINRA and loses his license. but with attorneys... View More
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answered on Jan 31, 2024
Under California law, the CEO may have several legal avenues to pursue against the financial advisor and the firm. Given the complexity of the situation, including financial abuse, libel, slander, and potential interference with business relations, multiple causes of action could be considered.... View More
Complex the have combined law suit that the judge did not approve because it addresses the same property
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answered on Dec 16, 2023
In California, if you're dealing with a situation where a suspended broker and a private lender have slandered the title and retaliated, there are several legal forms and actions you might consider. Firstly, for addressing slander of title, filing a civil lawsuit for defamation might be... View More
I will not handle anyone else's money for them.
I will provide only the stock tips, and advisement on how best to limit risk, and set goals.
Anyone taking my advice makes their own decisions.
Do I need a license to do this?
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answered on Dec 15, 2023
Providing stock tips and investment advice through a subscription service, even without directly handling others' money, often falls under the regulatory oversight of both federal and state securities laws. In New York, as well as under federal law, individuals or entities providing investment... View More
I was contacted by a brokerage firm named Stockyard Holdings Group by phone, asking if I would waive my shares of my timeshare. They want me to sign a certificate of dividends or waive my right to shares, stating that I would lose over $600 per share. Is this a scam, and what should I do to verify... View More
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answered on Apr 12, 2025
It’s good that you’re being cautious about this offer. Contacting you about waiving your timeshare shares, especially with an unusual offer like signing a certificate of dividends or losing a certain amount per share, is definitely a red flag. Scams often use pressure tactics like this to trick... View More
I am a registered stock broker with the SEC, working for a firm that regulates outside business activities (OBAs). I want to create a recreational, non-monetized YouTube channel focused on commodities trading for entertainment purposes. My firm doesn't offer the securities I'll discuss,... View More
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answered on Apr 8, 2025
Yes, you can start a non-monetized YouTube channel anonymously, but there are a few important things to think about. Even if the channel is for entertainment and doesn't bring in income, it might still be considered an Outside Business Activity (OBA) by your firm. Since you’re a registered... View More
In 2004, my stock holdings of Kankakee Federal Savings and Loan in Kankakee, Illinois, underwent a reverse stock split, reducing my shares from 2400 to 80. However, the total monetary value did not remain the same. Since Kankakee Federal was sold to Centrue, I haven't received an explanation... View More
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answered on Mar 21, 2025
You experienced a reverse stock split where your share count was reduced drastically, but the expected monetary equivalence did not follow through. This outcome can occur when the split conversion ratio, fees, or other adjustments are not clearly aligned with your initial investment value.... View More
I invested in stocks and paid fees as required, but I have not received my return payment through bitcoin. It's been a while, and now they want me to pay more to cash out, without providing a valid reason. I haven't signed any contracts mentioning additional fees. What should I do in this situation?
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answered on Mar 21, 2025
Your investment situation sounds very troubling, and you need to protect yourself. It appears you are being asked for additional fees without a clear explanation and without any contract mentioning such charges. You should review all your documents and communications to confirm the terms you agreed... View More
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answered on Feb 19, 2025
I understand your concern about accessing your pension's lump sum, and this situation must be frustrating for you. Whether this is legal depends on several key factors, including the specific terms of your pension plan and applicable state and federal regulations.
Under the Employee... View More
Is something can done. As because of those action i got fund lost.
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answered on Feb 19, 2025
I understand you're dealing with a very distressing situation involving lost funds and high-pressure investment tactics. This sounds like a potential investment scam, which unfortunately targets many people through promises of unrealistic returns.
Your best immediate step is to... View More
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answered on Jan 11, 2025
If you've been scammed, your first step should be documenting everything - take screenshots of all interactions on Facebook and WhatsApp, save chat logs, and record any transaction details or financial records related to the incident.
Next, report the scam to your local police... View More
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