Attorneys: CrowdStreet Aggressively Marketed Failed Investment Fund Without Proper Due Diligence; Offering Was Venture of Nightingale Properties, Currently at Center of Separate SEC and DOJ Fraud Cases Involving Other CrowdStreet Offerings. PORTLAND, OR – MARCH 5, 2025 –…
Securities Fraud
Four investors have filed an arbitration case against a unit of Fidelity Investments, accusing it of failing to properly supervise former investment advisor Thomas Chadwick who allegedly mismanaged their investments. Investors Judith Barker, Jason Cayer, Richard Bates, and…
A group of former clients of a New London investment manager say Fidelity should cover some of their losses, accusing the brokerage firm of missing a series of red flags in his trading activity. The investors allege that…
Four ex-clients of former New London-based financial advisor Thomas Chadwick, who was ordered to pay more millions in restitution to investors — including many on fixed incomes — who lost money on high-risk investments, have filed a claim…
Many of Thomas Chadwick’s Clients Were Fixed-Income Retirees in New Hampshire and Vermont; Dozens of Additional Victims Could Take Action Over Fidelity’s Supervisory Failures. CONCORD, NH – JANUARY 29, 2025 – Former clients of the investment advisor Thomas…
Nine months after FINRA began a process to publicly label firms as ‘restricted’ if they or their brokers had a significant history of misconduct, no firms have received that scarlet letter, according to a review of the regulator’s…
[…] Mark S. O’Dell, of Morrisville, filed the class action lawsuit last week against Berkshire Bank, alleging it knew Marshall was running an investment scam commonly known as a “Ponzi” scheme prior to Marshall’s bankruptcy filing in 2023….
Law360 (May 14, 2024, 9:40 PM EDT) — Massachusetts-based Berkshire Bank is facing a proposed class action brought by an investor seeking to hold the bank liable for providing financial services to a bankrupt local business person whom…
The U.S. Department of Labor on Tuesday said it has finalized a fiduciary rule governing retirement accounts that will close loopholes and widen the swath of financial advisors who must put their clients interests ahead of commissions or…
When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesman. But many people don’t realize…