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Recent Posts in ETFs Category

54 results found. Viewing page 1 of 3. Go to page 1 2 3   Next

Wedbush/Hilltop Securities Broker Mark Augusta Accused of Fraud, Financial Elder Abuse

A flurry of recent customer disputes filed against Southern California broker Mark Fred Augusta, formerly of Wedbush Securities in Solana Beach and presently of Hilltop Securities in Del Mar, CA, ...
Continue reading "Wedbush/Hilltop Securities Broker Mark Augusta Accused of Fraud, Financial Elder Abuse" »

Ranking the 20 Large-Cap Mutual Funds and ETFs with the Worst One-Year Returns

Citing market turbulence, Financial Planning identified vulnerability in once-reliable large-cap funds and compiled a list of the 20 worst-performing large-cap mutual funds and ETFs, including ...
Continue reading "Ranking the 20 Large-Cap Mutual Funds and ETFs with the Worst One-Year Returns" »

Sigma Financial Sanctioned for Deficient Non-Traditional ETF Supervisory System

FINRA fined Sigma Financial Corporation $100,000 for failing to establish, maintain, and enforce adequate an supervisory system and procedures related to the sales of leveraged, inverse, and ...
Continue reading "Sigma Financial Sanctioned for Deficient Non-Traditional ETF Supervisory System" »

FINRA's 2019 Exam Priorities Feature Senior Protections, Suitability, Outside Business Activities

FINRA identified several sales practice risks and investor protection points of emphasis in its 2019 risk monitoring and examination priorities letter, building upon a 2018 decision to concentrate on ...
Continue reading "FINRA's 2019 Exam Priorities Feature Senior Protections, Suitability, Outside Business Activities" »

2019 SEC Exam Priorities Zero In on High Fees, Conflicts of Interest, and Mutual Fund & ETF Risks

The Securities and Exchange Commission announced its 2019 examination priorities, with an emphasis on protecting investors—especially senior clients and retirement accounts—from excessive ...
Continue reading "2019 SEC Exam Priorities Zero In on High Fees, Conflicts of Interest, and Mutual Fund & ETF Risks" »

Emerging Markets, Resources Top Worst-Performing Mutual Funds and ETFs of 2018

The 2018 list of worst performing mutual funds and ETFs features several funds in the emerging and international markets sector, as well as securities related to gold, energy, and natural resources. A ...
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John Simoncic Barred for Churning Retirement Accounts with VIX ETF

FINRA barred John Scott Simoncic, formerly of Financial West Group (Reno, Nevada and San Diego, California) and Securities America (Solana Beach, CA), for churning customer accounts, engaging in ...
Continue reading "John Simoncic Barred for Churning Retirement Accounts with VIX ETF" »

UNG Leads Worst Performing Passive Funds Since 2008's Financial Crisis

For many investors with conservative-to-moderate risk tolerance looking for investment income, a so-called "passive fund" may often be the way to go: place money in low-cost products and ...
Continue reading "UNG Leads Worst Performing Passive Funds Since 2008's Financial Crisis" »

Omer Ozeren Sanctioned for Unauthorized Use of Discretion and Faulty ETF Recommendations

FINRA fined, suspended, and ordered former ACE Diversified Capital of Los Angeles representative Omer Ozeren to pay restitution to clients whose accounts he allegedly traded on a discretionary basis ...
Continue reading "Omer Ozeren Sanctioned for Unauthorized Use of Discretion and Faulty ETF Recommendations" »

Richard Foster Sanctioned for Unsuitable IRA Liquidation Recommendation, Risky ETF Trading Strategy

FINRA fined and suspended former Cetera Investment Services broker Richard Charles "Chuck" Foster for unsuitably recommending that a customer liquidate an IRA, and using the proceeds to ...
Continue reading "Richard Foster Sanctioned for Unsuitable IRA Liquidation Recommendation, Risky ETF Trading Strategy" »

Wells Fargo Ordered to Pay Restitution of $3.4 Million for Unsuitable Volatility-Linked Exchange-Traded Products

FINRA ordered Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC to pay over $3.4 million in restitution to customers who purchased volatility-linked exchange-traded ...
Continue reading "Wells Fargo Ordered to Pay Restitution of $3.4 Million for Unsuitable Volatility-Linked Exchange-Traded Products" »

Ex-Ameriprise Brokers Jack McBride and Stuart Pearl Cited by FINRA for Improper Margin Trades

FINRA fined and suspended former Amerprise Financial Services brokers Jack B McBride and Stuart L Pearl for misconduct related to use of margin in customer accounts, while McBride additionally ...
Continue reading "Ex-Ameriprise Brokers Jack McBride and Stuart Pearl Cited by FINRA for Improper Margin Trades" »

Jay Dee Jordan Barred for Unsuitable ETF Trading Resulting in $8 Million Loss, Settling Away

FINRA barred former WFG Investments, Inc. representative Jay Dee Jordan of the firm's Oklahoma City branch for engaging in a series of misconduct related to nontraditional exchange-traded funds ...
Continue reading "Jay Dee Jordan Barred for Unsuitable ETF Trading Resulting in $8 Million Loss, Settling Away" »

FSC Securities Corporation Fined for Non-Traditional ETF Failures, Unsuitable Recommendations

FINRA fined FSC Securities Corporation $100,000 and ordered nearly $500,000 in restitution after finding that FSC failed to establish and maintain adequate supervisory systems regarding its ...
Continue reading "FSC Securities Corporation Fined for Non-Traditional ETF Failures, Unsuitable Recommendations" »

Buyer Beware - Worst Performing Mutual Funds & ETFs From 2012-2017

The 10 worst performing mutual funds and ETFs for the past five years features a notably underperforming natural resources sector (such as energy, mineral, oil, gas, and coal companies), whose annual ...
Continue reading "Buyer Beware - Worst Performing Mutual Funds & ETFs From 2012-2017" »

Ex-Raymond James Broker Scott Sibley Barred for 900 Unauthorized Transactions, Unsuitable Recommendations to 10+ Seniors

FINRA barred former Raymond James & Associates broker Scott Allen Sibley for effecting approximately 900 securities transactions in the account of a 62-year-old client unable to work for medical ...
Continue reading "Ex-Raymond James Broker Scott Sibley Barred for 900 Unauthorized Transactions, Unsuitable Recommendations to 10+ Seniors" »

Demitrios Hallas Charged in Unsuitable ETF Investment, Fraudulent $170k Misappropriation Scheme

The SEC charged former Forefront Capital Markets broker Demitrios Hallas with recommending daily leveraged exchange-traded funds (ETFs) and notes (ETNs) without a reasonable basis as to their ...
Continue reading "Demitrios Hallas Charged in Unsuitable ETF Investment, Fraudulent $170k Misappropriation Scheme" »

First Financial Equity CCO Melissa Strouse Punished for Suitability, ETF, Heightened Supervision Failures

FINRA fined and suspended First Financial Equity Corporation Chief Compliance Officer Melissa Ann Strouse of the firm's Arizona and San Diego, CA branches for her role in failing to ensure ...
Continue reading "First Financial Equity CCO Melissa Strouse Punished for Suitability, ETF, Heightened Supervision Failures" »

Morgan Stanley to Pay $8 Million Penalty in Unsuitable Single Inverse ETF Sales, Customer Losses

Morgan Stanley Smith Barney settled an SEC complaint for $8 million in fines and admitted wrongdoing, including that it improperly sold single-inverse exchange-traded funds (ETFs) without implementing ...
Continue reading "Morgan Stanley to Pay $8 Million Penalty in Unsuitable Single Inverse ETF Sales, Customer Losses" »

Eight Firms Fined $6.2 Million for Variable Annuity L-Share Supervisory Failures

FINRA fined eight firms a total of $6.2 million for failing to supervise sales of variable annuities (VAs). In addition to fining the firms, which include five broker-dealer subsidiaries of Cetera ...
Continue reading "Eight Firms Fined $6.2 Million for Variable Annuity L-Share Supervisory Failures" »

Unsuitable and Risky Oil and Gas Sales and Plummeting Energy Investments Cost Elderly Clients Millions of Dollars in Losses

The once-boisterous oil and gas sector has dramatically cooled, translating into multi-million dollar losses for investors improperly sold these risky products and leaving a flurry of frozen calls ...
Continue reading "Unsuitable and Risky Oil and Gas Sales and Plummeting Energy Investments Cost Elderly Clients Millions of Dollars in Losses" »

Complaint Against First Financial Equity Corp Alleges Supervisory Failures, Excessive Commissions

FINRA filed a complaint against First Financial Equity Corporation of Scottsdale, AZ and Chief Compliance Officer Melissa Ann Strouse of the firm's Arizona and San Diego, California branches, ...
Continue reading "Complaint Against First Financial Equity Corp Alleges Supervisory Failures, Excessive Commissions" »

Oppenheimer & Co Sanctioned $2.9 Million for Unsuitable Complex ETF Trades Amongst Elderly Customers

FINRA fined Oppenheimer & Co. Inc. $2.25 million and ordered nearly $716k in restitution for four years' worth of unsuitable sales of leveraged, inverse, and inverse-leveraged Exchange-Traded ...
Continue reading "Oppenheimer & Co Sanctioned $2.9 Million for Unsuitable Complex ETF Trades Amongst Elderly Customers" »

Leonard Goldberg Barred for Fraudulent Use of Mutual Fund and ETF Discretion, Causing Over $123,600 in Customer Losses

FINRA fined former Newport Coast Securities and JP Turner & Company (both branches in Palm Springs, CA) broker Leonard Allen Goldberg for using discretion without authorization in 300 unsuitable ...
Continue reading "Leonard Goldberg Barred for Fraudulent Use of Mutual Fund and ETF Discretion, Causing Over $123,600 in Customer Losses" »

Wedbush Securities Fined $675,000 for Supervisory Violations in 'Chronic' ETF Delivery Failures, Short Sales

FINRA and NASDAQ jointly censured and fined Wedbush Securities, Inc. $675,000 for supervisory failures related to redemption and trading of leveraged exchange-traded funds ("ETFs"), which ...
Continue reading "Wedbush Securities Fined $675,000 for Supervisory Violations in 'Chronic' ETF Delivery Failures, Short Sales" »
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