Monthly Archives: August 2015

95-Day Arbitration Yields $16.6 Million for Investors

By Tom Costello of Costello Law Group  The longest running arbitration case in the past two decades has finally been ruled on after five years. After a 95-day hearing, a Financial Industry Regulatory Authority (FINRA) panel awarded the Claimants $16.6 million based upon evidence that BNP Paribas Securities Corp. unsuitably concentrated their savings […]

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Two Fraud Cases Cost One Broker and His Firm $1 million

By Tom Costello of Costello Law Group Two fraud cases have resulted in a $1 million fine and a permanent bar for the principal of Sage Advisory Group, Benjamin Lee Grant. According to the SEC, when Grant first opened Sage Advisory Group he falsely informed clients that utilizing the services of his new […]

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$6 Million Ponzi Scheme may Cost Former Broker 20 Years in Prison

By Tom Costello of Costello Law Group  A former A.G. Edwards, Merrill Lynch, and Raymond James affiliated broker is facing up to twenty years in prison after allegedly running a $6 million Ponzi scheme. Sunil Sharma allegedly raised $8.36 million from investors over a six year period for a day-trading strategy involving high […]

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