Los Angeles Legal Issues Blog

FINRA Disciplinary Actions December 2019

Table of Contents  Individuals BarredCristina Sabengsy (CRD #6304970, Gilberts, Illinois)October 2, 2019 – An AWC was issued in which Sabengsy was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Sabengsy consented to the sanction and to the entry of findings that she forged the signatures of her...

FINRA Discipline November 2019

Table of Contents Individuals Barred Stefan Anton Pastor (CRD #5141819, Fort Lauderdale, Florida) September 4, 2019 – An AWC was issued in which Pastor was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Pastor consented to the sanction and to the entry of findings that he provided...

FINRA Discipline October 2019

Table of Contents Individuals Barred Beth Ann Hamilton (CRD #3092302, Port Matilda, Pennsylvania) August 1, 2019 – An AWC was issued in which Hamilton was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Hamilton consented to the sanction and to the entry of findings that she refused...

UBS Yield Enhancement Strategy a losing option

Some leading investment advisors are in hot water over losing clients tens of millions of dollars in complex investment schemes known as Yield Enhancement Strategies (YES) or Collateral Yield Enhancement Strategies (CYES). UBS Group AG along with Merrill Lynch, Morgan Stanley and others are all accused of selling the strategy to high net worth individuals...

UBS Lawsuits: Y.E.S. Investments Two Thumbs Down

Girard Bengali, APC, is currently representing clients of UBS who lost money in the YES (Yield Enhancement Strategy). YES was marketed as a safe investment strategy, but unfortunately it was much riskier than investors anticipated and many have lost significant investments.You may be entitled to a recovery of your losses - contact our SEC &...

FINRA Arbitration Panel Awards $347k for Girard Bengali Client

In an article published today at FinancialPlanning, Girard Bengali, APC partners Robert Girard and Omar Bengali were quoted in relation to the recent award for their client, Laguna Financial Group. The panel ordered Schwab to pay $347,000 in damages and legal fees to Joseph Ziomek, who accused the firm and Purshe Kaplan Sterling Investments of...

Another Win In The Fight Against Corporate Greed

Firm partners, Robert Girard and Omar Bengali, were today quoted in an article about the firm's recent victory for their client. Summary: Charles Schwab & Co. Inc. ordered to pay $347,000 to Laguna Financial Group Former chief compliance officer of the firm secretly established her own business to compete with LFG while still working at...

WHAT TO DO AFTER BEING HANDED THE FORM U5

On behalf of Girard Bengali, APC on Monday, June 3, 2019. As Wall Street's standards continue to change and evolve, many financial advisers in Los Angeles and around the country are being terminated for relatively minor infractions. Once they receive a Form U5, they must come up with a long-term plan for getting back on their feet....

Be careful when signing a severance agreement

On behalf of Girard Bengali, APC posted on Friday, May 10, 2019. It has become almost customary for California companies to offer executives and other professionals in the Los Angeles area what is referred to as a severance agreement when they decide to let these types of employees go. Severance agreements are possible even when...

Tags: Employment Law Counseling, Securities Arbitration And Litigation

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