Tagged with "California"

California Federal Judge Grants Wells Fargo Employees Class Certification in Expense Reimbursement Suit

Posted on September 22nd, 2017 at 9:10 AM
California Federal Judge Grants Wells Fargo Employees Class Certification in Expense Reimbursement Suit

A federal judge in the U.S. District Court for the Northern District of California has asserted that he will grant certification to a class of more than 2,100 Wells Fargo home mortgage consultants and private mortgage bankers who allegedly were not reimbursed by the firm for business expenses in violation of the California Labor Code.

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California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Posted on January 26th, 2015 at 10:30 AM
California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Geoffrey Nehrenz, an investment adviser, was charged with defrauding 19 investors out of $5.5 million in a Ponzi scheme involving a hedge fund.

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LATEST NEWS AND ARTICLES

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

April 16, 2024
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.