Bakhtiari & Harrison is investigating claims on behalf of customers of First Republic Securities customers whose financial advisors recommended investments in First Republic Bank stock which declined during the banking crisis in May 2023. Regulators seized First Republic Bank, which was purchased by JP Morgan and later closed. First Republic Bank Investor Claims Investigation In […]
The Financial Industry Regulatory Authority (FINRA) has announced disciplinary action against Matt Ward (CRD #2075525), fining him $5,000 and suspending him from association with any FINRA member in all capacities for 15 business days. This action follows findings that Ward exercised discretion in customer accounts without obtaining the necessary written authorization. Background and Findings Matt […]
Four Professional Basketball Players Defrauded of Over $13 Million Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of a six-count Indictment charging DARRYL COHEN, BRIAN […]
At Bakhtiari & Harrison, we are currently scrutinizing the significant financial downturn of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR), which has seen its stock value decline dramatically from around $53 to just a few cents over the years. This severe drop has adversely affected numerous investors, particularly elderly individuals who sought to protect […]
Ex-NBA agent Charles Briscoe pled guilty to wire fraud conspiracy and admitted to faking an NBA player’s signature on a $1 million loan. Although prosecutors requested an 18-month prison term, Briscoe will avoid prison time. Instead, he was sentenced to spend the first six months of his three-year supervisory period on home detention and will […]