Articles Posted in investor protection

Investigation: Former Morgan Stanley and Westpark Capital, Inc. Financial Advisor Stephen Sloane (crd# 1257601) Investigated by Finra for Unsuitable Trades in 14 Customer Accounts– New York, Ny
Iorio Law PLLC

FINRA has filed an enforcement complaint against Stephen Sloane, alleging that from January 2014 to January 2018, he recommended an unsuitable investment strategy to at least 14 customers. The complaint alleges that Sloane did not have a reasonable basis for recommending that his customers engage in active, short-term trading of U.S. Treasuries with 10- and…

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Ubs Profits Double as Investors in Ubs’s Yield Enhancement Strategy Suffer Losses
Iorio Law PLLC

Today, UBS Group AG announced that its net profit almost doubled in the third quarter to nearly $2.1 billion from $1.05 billion from a year earlier. Meanwhile, as UBS and other large investment banking firms continue to rake in huge profits, UBS’s Yield Enhancement Strategy investors continue to suffer avoidable losses. UBS’s Yield Enhancement Strategy,…

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Financial Advisor Frank Venturelli (crd# 6403468) Suspended by Finra – New Jersey
Iorio Law PLLC

FINRA has suspended Frank Venturelli from the securities industry for 11 months. Frank Venturelli was a financial advisor and registered representative at the following firms: FINRA alleged that Frank Venturelli excessively traded three accounts between July 2016 and November 2018. Mr. Ventuerrli has also received at least one customer complaint alleging excessive trading and unsuitable…

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