Suitability
Jun 30, 2017OUTCOME: Resolved fully!
Clients were sold unsuitable REITS which were illiquid and not consistent with their investment objectives or risk profile.
Bryan Torrey Forman's Legal Cases (4)
Austin, TX
Securities and investment fraud Lawyer at Austin, TX
Practice Areas: Securities & Investment Fraud, Litigation ... +2 more
Churning and Unauthorized Trading
Jan 31, 2017OUTCOME: Successfully resolved in mediation.
Clients' stockbroker frequently traded the clients individual and IRA accounts without ever asking for permission (authority) to enter the trade. The broker traded the account excessively (aka "Churni ... ng"), and the combination of unauthorized trading and churning resulted in a loss of virtually all of the accounts' value.
Advice To Retire Early
May 31, 2016OUTCOME: Resolved through mediation.
Broker from a major firm advised a career police officer to retire early, promising that the profits from the retirement plans would be greater than his continuing compensation.
Ponzi Scheme
N/AOUTCOME: Successfully resolved!
Hundreds of clients were conned into giving their life savings to someone who professed to be an expert in commodities trading. Like many con men running Ponzi schemes, he spent the money on his lifes ... tyle, and lied about returns to his investors. Ultimately, however, the SEC Receiver recovered millions of dollars for investors, and our firm was able to recover millions of dollars from the commodities firm that we alleged provided substantial assistance to the scheme.
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