News

The New Jersey Attorney General’s office announced that David Lerner Associates, Inc. (DLA), a New York securities brokerage, agreed to pay $650,000 to resolve allegations that the firm sold non-traded real estate investment trusts (REITs) to unsuitable investors and failed to keep adequate records for these sales. Non-traded REITs are potentially risky investments that are [...]

The Business Trial Group recently filed a lawsuit in Palm Beach County, Florida, on behalf of a purchaser of a commercial property that was not properly zoned for its intended use. The property in Juno Beach, Florida, was to be the new location for the purchaser’s private school. The Complaint alleges that the seller contractually [...]

Former Miami Dolphins, New York Giants, and New England Patriots player William D. Allen and his co-conspirator Susan C. Daub entered into a deal with the Securities and Exchange Commission (SEC) to settle claims that Allen and Daub operated a $31.7 million Ponzi scheme. Were you the victim of a Ponzi scheme? Our attorneys can [...]

In a recent decision, the Financial Industry Regulatory Authority (FINRA) barred broker Hank Mark Werner of Northport, New York for fraudulently churning and excessively trading the accounts of a blind, elderly widow. Did your broker churn your account? Receive a free case review. According to the FINRA decision, Werner had been the elderly widow’s broker [...]