Investor Alert: John S. Hudnall – Undisclosed and Unapproved Private Securities Transaction

Investor Alert: John S. Hudnall – Undisclosed and Unapproved Private Securities Transaction

According to allegations set forth in charging documents filed by the Financial Industry Regulatory Authority (FINRA) Department of Enforcement, John S. Hudnall, a former U.S. Bancorp and BancWest broker, engaged in undisclosed, unauthorized private securities transactions and made unsuitable investment  recommendations to BancWest customers. It is alleged that Hudnall evaded supervisory review with respect to…

Shining a Light on Investment Abuse

Shining a Light on Investment Abuse

This short educational video released by the Public Investor’s Arbitration Bar Association Foundation examines the recent Wells Fargo scandal and the conflicts of interest that drive brokers and financial advisors to betray their clients’ trust. The video features victims of investment abuse and attorneys who explain why investors are hesitant to hold their brokers and financial…

Claims Under the Michigan Uniform Securities Act – Part II

Claims Under the Michigan Uniform Securities Act – Part II

Section 509(4) – Unregistered, Non-Exempt Broker-Dealers Section 509(4) of the Michigan Uniform Securities Act states that “[a] person acting as a broker-dealer or agent that sells or buys a security in violation of section 401(1), 402(1), or 506 is liable to the customer.” MCL 451.2509(4) (emphasis added). Section 401(1) of…