FINRA bars broker Daniel Winger for stealing $100,000 from elderly client while at PFS Investments
FINRA has barred broker Daniel Winger, who was affiliated with PFS Investments for 31 years. From 2015 to 2018, an elderly customer gave Daniel Winger checks totaling nearly $100,000. The checks were made out to Dan Winger and Associates, and the customer...
Should I Purchase A Private Placement Investment?
A well-known method for companies to raise capital is an Initial Public Offering (IPO), in which the company sells its stock publicly for the first time. As opposed to IPOs, many business entities use “Private Placements” as an alternative route to raise...
Trade Churning at Wells Fargo Putting Investors in Financial Danger
In 2016, Wells Fargo made national headlines through an account fraud scandal in which employees created millions of fake bank accounts without the consent of customers. This scheme caused thousands of clients to rack up extra fees, simultaneously harming...
What to Do if Your Financial Advisor is Churning Your Account
Trade churning is a serious problem for many investors. You place your accounts in the hands of a financial advisor or broker, trusting them to grow your money and keep the account costs and fees low. However, some advisors will take advantage of this trust and force...
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