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FInancial Exploitation of the Elderly

VSR Financial Broker Steven Stahler Named in Regulatory Action

VSR Financial Broker Steven Stahler Named in Regulatory Action 150 150 Rex Securities Law

On August 27, 2014, the Financial Industry Regulatory Authority (FINRA) filed a complaint against Steven L. Stahler for making unsuitable recommendations to four customers. The complaint alleges that Stahler, while…

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SEC Files Case Charging That KGTA Oil Business is a Sham

SEC Files Case Charging That KGTA Oil Business is a Sham 150 150 Rex Securities Law

In a September 30, 2014, Litigation Release, the SEC charged the following for participating in a $20  million fraud involving a sham oil trading business: Thomas Abdallah Kenneth Grant KGTA…

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SEC Charges Dennis F. Wright, Former AXA Broker, With Theft of Customer Funds

SEC Charges Dennis F. Wright, Former AXA Broker, With Theft of Customer Funds 150 150 Rex Securities Law

September 30, 2014-Lewistown, Pennsylvania The U.S. Securities & Exchange Commission (SEC) announced that charges were filed against Dennis F. Wright, who was registered with AXA Advisors from 11/1983-6/2012, for defrauding…

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Florida Men Charged with Securities Fraud—Purported TV Network Involving Michael Jordan

Florida Men Charged with Securities Fraud—Purported TV Network Involving Michael Jordan 150 150 Rex Securities Law

On September 29, 2014, the U.S. Securities & Exchange Commission (SEC) announced charges against Erick Laszio Mathe, former CEO of Vision Broadcast Network and consultant Ashif Jiwa with raising nearly…

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South Carolina Securities Division Publishes Investor Alerts and Educational Information

South Carolina Securities Division Publishes Investor Alerts and Educational Information 150 150 Rex Securities Law

The Securities Division of the Office of the South Carolina Attorney General, Alan Wilson,  regulates the securities industry in South Carolina. According to their website: “The Securities Division enforces the…

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Alabama Securities Commission Publishes Investor Alerts and Other Investor Educational Information

Alabama Securities Commission Publishes Investor Alerts and Other Investor Educational Information 150 150 Rex Securities Law

The Alabama Securities Commission, Joseph P. Borg, Director,  regulates the securities industry in Alabama. According to their website: “The ASC is committed to protect investors against securities fraud an provides…

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Signs of Financial Exploitation of Elderly

Signs of Financial Exploitation of Elderly 150 150 Rex Securities Law

According to Kath Greelee , assistant secretary for aging at the U.S. Department of Health and Human Services estimates that 4 oiut of 10 elders is financially exploited and that…

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Insurance Agents Charged by SEC for Fraud on Elderly

Insurance Agents Charged by SEC for Fraud on Elderly 150 150 Rex Securities Law

September 26, 2014 The Securities and Exchange Commission (SEC) recently charged three insurance agents in a multi million dollar offering fraud which targeted elderly citizens that owned annuities. The insurance…

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SEC Issues Investor Bulletin on Private Placement Investments

SEC Issues Investor Bulletin on Private Placement Investments 150 150 Rex Securities Law

September 24, 2014 THe U.S. Securities Exchange Commission (SEC) Office of Investor Education and Advocacy has issued an Investor Bulletin to help educate investors considering investing in private placements, which…

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