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Monthly Archives: March 2016

NYC Broker Disbarment Pending

By Tom Costello of Costello Law Group  Miguel Ortiz, a New York financial advisor, was barred from the securities industry by FINRA after allegations of fraud. FINRA claims that Ortiz falsified account statements and concealed the account value of a joint account held by his one of his customers. The victims believe that […]

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Maryland Attorney Pleads Guilty to Stealing Thousands from Client

By Tom Costello of Costello Law Group  Charles J. Broida, an attorney from Columbia, Maryland, pleaded guilty to stealing over $28,000 from a client. Broida received a six month suspended jail sentence and was ordered to complete 300 hours of community service. The state’s attorney charged Broida with one count of theft. Broida, […]

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Adviser in Trouble After Accepting Kickbacks

By Tom Costello of Costello Law Group  Donald Toomer, an investment advisor from Henderson, Nevada, was recently indicted by a grand jury in New Jersey on fraud charges related to kick backs he received. The federal prosecutors allege that Toomer was involved in a “pump and dump” scheme. The prosecutors believe that Toomer […]

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