The Law Offices of Robert Wayne Pearce, P.A. filed its first claim against UBS Puerto Rico, alleging a retiree was steered into a concentration of Puerto Rico bonds and closed-end “bond funds.” The claim says the advisor described the strategy as safe and “constitutionally protected,” while misrepresenting risks, failing to diversify, and causing substantial damages.
Continue ReadingIn an arbitration against UBS Financial Services and UBS Financial Services of Puerto Rico, the Law Offices of Robert Wayne Pearce, P.A. secured a $1.45 million award plus interest for a client. The claim alleged unsuitable recommendations and overconcentration in Puerto Rico municipal bonds and closed-end funds. Investors may contact us for a free consultation.
Continue ReadingGWG L Bonds were sold to many investors as income products, but the issuer’s collapse and bankruptcy left holders facing steep losses and uncertainty. Our firm helps investors evaluate whether the recommendation was unsuitable, misrepresented risk, or lacked due diligence. We pursue recovery through FINRA arbitration and related claims against responsible brokers and broker-dealers today.
Continue ReadingLaw Offices of Robert Wayne Pearce, P.A. is investigating investor losses tied to Hartman Real Estate Investment Trusts, including situations where shares cannot be sold. Our attorneys handle illiquid, high-yield REIT disputes and pursue recovery through FINRA arbitration and related securities litigation. Contact our firm for a free consultation to discuss potential claims against broker-dealers.
Continue ReadingAttorney Robert Wayne Pearce reports the firm represents an investor pursuing arbitration against Centaurus Financial over alleged misconduct by Joseph Michael Todd. The page summarizes an SEC lawsuit alleging Todd misappropriated at least $3 million from Centaurus customers by directing checks to his entities and himself then using funds personally. It outlines selling-away and allegations.
Continue ReadingA securities lawyer focuses on laws and regulations governing investors, brokers, and financial advisors. These attorneys help investors pursue recovery when misconduct or fraud causes losses, and they defend brokers or advisors facing complaints by clients or employers. Securities laws, enforced by the SEC, aim to prevent fraud and keep markets fair and transparent overall.
Continue ReadingJ.P. Morgan Securities faces a FINRA arbitration claim alleging former vice-chairman Edward Turley used a highly leveraged, one-size-fits-all strategy in clients’ retail margin accounts. Claimants seek about $55.6 million plus interest and punitive damages, alleging misrepresentations, unsuitable trading, and unauthorized discretion. The post notes prior awards/settlements and reports Turley was barred by FINRA in 2022.
Continue ReadingYes—you may sue a financial advisor or broker when misconduct, negligence, or fraud caused your losses. Many disputes proceed through FINRA arbitration, where panels review testimony, documents, and suitability, disclosure, and fiduciary-duty issues. Common claims include unsuitable recommendations, misrepresentations, unauthorized trading, churning, and failure to diversify. Acting promptly matters because deadlines can bar recovery.
Continue ReadingGWG Holdings created and sold nearly $2 billion in unrated, illiquid L Bonds marketed as high-yield income. When GWG entered Chapter 11, many investors faced losses and missed interest payments. Bankruptcy does not necessarily bar claims against broker-dealers for misrepresentations, unsuitable recommendations, inadequate due diligence, or negligence, often pursued through FINRA arbitration to seek recovery.
Continue ReadingInvestment fraud is a white-collar crime that occurs when someone misleads or deceives an investor for financial gain. This guide explains common schemes—Ponzi and pyramid tactics, promissory note fraud, crypto scams, real estate traps, and social media pitches—plus warning signs, investor rights, and practical steps to protect your portfolio and pursue recovery through legal claims.
Continue Reading