Articles Posted in Scams

CBS Atlanta News reported today that customers who rent movies from Red Box in the Atlanta area are complaining of being overcharged. According to the report, Red Box charges a dollar a night with no late fees but some customers are complaining that they were charged over a hundred dollars by the time they were through…

On February 16, 2010, Financial Industry Regulatory Authority (FINRA) fined H&R Block Financial Advisors, Inc., (n/k/a Ameriprise Financial) $200,000 for failing to establish adequate supervisory systems and procedures for supervising sales of a unique and relatively new investment called reverse convertible notes to retail customers. FINRA also fined and suspended H&R Block broker Andrew MacGill,…

The Doss Firm, LLC is currently investigating whether Ameriprise Financial f/k/a H&R Block Financial Advisors violated industry rules on a wide-spread basis in connection with the unsuitable sale of reverse convertible notes to senior citizens. FINRA fined the firm as well as Andrew MacGill, a broker with the firm, this week for making unsuitable sales…

Virtually every homeowner purchases title insurance when they buy a home. Stuart Title Guaranty is one of the nation’s largest providers of title insurance. According to a recent Atlanta Journal Constitution article entitled Title insurance company accused of overcharging, the Georgia Department of Insurance filed a regulatory action against the company alleging that Stuart Title Guaranty…

The Financial Industry Regulatory Authority (FINRA) has issued an Alert warning individuals about “modeling” and “mystery shopper” scams. These scams involve checks that appear to be from legitimate companies, but turn out to be counterfeit. In summary, both scams involve an authentic-appearing check that is sent to the individual. This check often has the name of a…