Experienced Securities And Financial Fraud Lawyer In Pittsburgh, PA
Losing your investments to fraud or misconduct is a shock. When you realize a financial professional has betrayed your trust, your first thought is, "How do I get my money back fast?" You generally have two main choices to seek recovery: arbitration or filing a civil...
Thrivent Financial, a fraternal benefit society that offers insurance products to its members, is seeking to force the U.S. Securities and Exchange Commission to review three specific rules that give FINRA exclusive jurisdiction over arbitration proceedings between...
On June 9, 2025, the North American Securities Administrators Association (NASAA) announced a $9.3 million settlement with Edward Jones, TD Ameritrade, LPL Financial, RBC Capital Markets and Stifel, arising from allegations that the firms charged excessive fees to...
Three recent proceedings reflect the level of attention given by FINRA’s Department of Enforcement to sales of variable annuities to retail customers. The first of the three proceedings involved a general securities representative who had been registered through...
On March 7, 2025, FINRA issued a news release announcing that it had ordered Robinhood Financial to pay $3.75 million to its customers and that it had assessed fines in the amount of $26 million against the firm and its affiliates for violation of numerous FINRA...
On March 6, 2025, FINRA issued an “investor insight,” discussing the emergence of “smishing” scams, a type of cybersecurity fraud that is perpetrated through fraudulent text messages. The term “smishing” is from the combination of “SMS” (short message service, i.e.,...
On December 20, 2024, FINRA issued a news release concerning an order it issued to three firms - Edward Jones, Osaic Wealth, Inc. and Cambridge Investment Research, Inc. — to pay restitution to customers of more than $8.2 million harmed by the firms’ failures to...
The United States District Court for the Western District of Pennsylvania recently announced revised alternative dispute resolution policies and procedures for cases pending before the Court. The Court’s revised Early ADR Policies and Procedures will take effect on...
On September 10, 2024, Judge Nora Barry Fischer of the United States District Court for the Western District of Pennsylvania issued a lengthy opinion applying Article 4A of the Uniform Commercial Code in a case involving claims for fraudulently induced wire transfers....