Stoltmann Law Offices continues to investigate BioChemics Inc. Recently, BioChemics’ former founder and CEO, John Masiz, was barred from the securities industry by the Securities and Exchange Commission (SEC) and ordered to pay $120,000. Previously, the Financial Industry Regulatory Authority (FINRA) brought a regulatory action against John Kolinofsky Jr., a supervisor and branch manager of…
Allstate Insurance Co. has sued Ameriprise Financial Services in federal court, alleging that the investment bank is poaching Allstate employees and attempting to get trade secrets out of them. According to the lawsuit, Ameriprise hired several of Allstate’s “exclusive financial specialists” who work with agents to sell life insurance products. Allstate is claiming that Ameriprise…
Scammed by Ameriprise in oil and gas related investments? Hundreds of Ameriprise clients across the country received grossly unsuitable recommendations in oil and gas related investments made by their Ameriprise brokers. Brokers at Ameriprise are required to take into consideration their client’s net worth, annual income, actual investment objectives, and other related factors prior to…
Dallas Cowboys’ running back Darren McFadden filed a $15 million lawsuit against his longtime financial planner, Michael Vick, and 10 others. McFadden is claiming Vick used his earnings to supplement his own lavish lifestyle. McFadden also claims that Vick fraudulently gained power of attorney for him in 2008 and lied about his financial records. McFadden…