Barnes Walker is involved in litigating against banks and other institutions who wrongly foreclose against their mortgages. Based on our investigation, large institutions such as Wells Fargo, J.P. Morgan Chase, Citigroup (CitiMortgage or CitiFinancial), Bank of America, U.S. Bank National Association, Deutsche Bank, One West Bank (Indymac Bank), Ocwen, Fifth Third, Bank of the Ozarks, […]
According to a FINRA news release dated May 8, 2018, Fifth Third Securities was sanctioned $6M for its failure to appropriately consider and accurately describe the costs and benefits of variable annuity (VA) exchanges and for recommending exchanges without a reasonable basis to believe the exchanges were suitable. If you purchased an annuity and have […]
In a review of FINRA’s disciplinary actions for May, 2018, Barnes Walker has learned that David Olson, who was registered with Morgan Stanley in St. Petersburg, FL, has been permanently barred from the broker industry. Olson has been involved in six customer disputes during his 29 years in the securities industry. He was initially suspended […]
Barnes Walker is investigating the sale of commercial promissory notes of the Woodbridge Group of Companies to the public by Barry Kornfeld. The Woodbridge Group of Companies filed for bankruptcy protection, making the full repayment of the notes unlikely. Mr. Kornfeld worked for the First Financial Tax Group. The sale of these notes to the […]
The Florida Office of Financial Regulation has issued an Administrative Complaint against ten (10) unregistered firms and individuals who unlawfully offered Woodbridge’s First Position Commercial Mortgages as unregistered securities. In a separate civil complaint filed by the Securities and Exchange Commission, it is alleged that investors’ money went to pay commissions to sales agents, to […]
