Wall Street Investment Fraud Lawyer Blog

GPB Capital Holdings is being scrutinized by the SEC, FINRA and the FBI.  The focus of the inquiry is whether proper disclosures were made in connection with GPB Capital raising $1.8 billion from investors through private placement funds.  The funds ostensibly invest in auto dealerships and the waste management industry. However, there have been allegations that…

Americans lose between $40 and $50 Billion every year to investment fraud. Additionally, up to 17 percent of the U.S. adult population falls prey to some form of investment scam in any given year. A significant part of financial success involves risk-taking. Therefore, when one is presented with a proposition that is lucrative yet does not seem…

Lawsuit Filed on Behalf of Victims of the Simple Health Insurance Scam MIAMI June 12, 2019 — As health insurance fraud penetrates America’s healthcare industry to target vulnerable consumers, Miami-based law firm Levine Kellogg Lehman Schneider + Grossman (LKLSG) and Atlanta-based The Doss Firm filed a class action complaint against Health Insurance Innovations (HIIQ), Inc. and Health Plan Intermediaries Holdings, LLC (HPIH) for their role in…

Update For a full copy of the amended complaint, see here. Key Exhibit to amended complaint can be found here.

Earlier this month, Doss Law Firm announced its class action lawsuit against Anthem health insurance (formerly Blue Cross and Blue Shield of Georgia). Listen below as Atlanta attorneys Jason and Joy Doss discuss the case. We also heard from soon-to-be former Wellstar patients about how Anthem’s actions have affected them, as well as members of…

Lawsuit:  Anthem Knew It Was Dumping WellStar as In-Network Provider But Led Consumers to Believe Access Would Still Be Available; 90-Day Extension “No Solution” ATLANTA, GA.//February 5, 2019///Thousands of Georgia consumers were misled during the 2018 open enrollment period by “misrepresentations and omissions” from Anthem, Inc./Blue Cross and Blue Shield of Georgia, Inc. (Anthem) when…

Doss Firm Investigates Potential Lawsuits Against Anthem/Blue Cross For Deceptive Business Practices Related To Pathways Health Exchange Products sold to Metro Atlanta and Cobb County residents. On January 19, 2019, the Atlanta Journal Constitution published an article entitled, Blow for ACA patients: Anthem/Blue Cross individuals lose Wellstar, and reported that the largest healthcare system in Georgia,…

Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC have been ordered by the Financial Industry Regulatory Authority (FINRA) to pay over $3.4 million as restitution to customers relating to “unsuitable recommendations of volatility-linked exchange traded products (ETPs) and related supervisory failures.” It was discovered by FINRA that Wells Fargo’s registered representatives,…

Morgan Stanley Smith Barney, LLC was fined by the Financial Industry Regulatory Authority (FINRA) for “failing to supervise its representatives’ short-term trades of unit investment trusts (UITs).”  Approximately 3,000 of Morgan Stanley Smith Barney’s customers were affected. The firm was required by FINRA to pay approximately $3.5 million in fines and $9.78 million in restitution…

It was announced this week by the Financial Industry Regulatory Authority (FINRA) that J.P. Morgan Securities, LLC has been fined $1.25 million “for failing to conduct timely or adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated persons from January 2009 through May 2017.” As outlined by Susan Schroeder, Executive Vice-President…