Categories: Puerto Rico Bonds

Sonn|Erez and the ALB firm received an Award against UBS Financial Services Inc. and UBS Financial Services of Puerto Rico for $957,796 on November 4, 2016. The Claimant was an elderly beneficiary of a trust that had an account with UBS in Puerto Rico. UBS recommended that she invest her trust account entirely in UBS…

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Sonn|Erez, PLC Investigation into Hank Mark Werner

Categories: Churning

Sonn & Erez, PLC is investigating claims related to former broker Hank Mark Werner (CRD#1615495). Werner was most recently associated with Legend Securities until March 2016 in New York, New York having worked there from December 2012 through March 2016. Prior to joining Legend, Werner was associated with Liberty Partners Financial Services, Inc. from July…

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Morgan Stanley Charged with Unethical Sales Practices by State Regulators

Categories: Investigations

A firm contest incentivized about 30 advisers to push lending products to clients and created conflicts of interest, according to Secretary of the Commonwealth of Massachusetts William F. Galvin. “Massachusetts regulators accused Morgan Stanley of dishonest and unethical conduct related to alleged high-pressure sales contests — charges that the firm hotly denies. The regulatory action…

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SEC fines UBS – Sonn|Erez investigating UBS’ sale of reverse convertible notes

Categories: Reverse Convertible Notes

  The law firm of Sonn|Erez is investigating UBS financial advisors’ sale of complex derivative investments known as “reverse convertible notes.” The Securities and Exchange Commission (“SEC”) recently sanctioned UBS for failing to adequately supervise its employees in connection with the sale of reverse convertible notes.   The SEC’s order finds that UBS failed reasonably to…

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Sonn | Erez Investigating Claims Related to Sale of Investments in Odebrecht Oil & Gas

Categories: Energy Sector Losses

Sonn | Erez is investigating claims involving the sale of investments in the privately owned Brazilian energy company Odebrecht Óleo e Gás S.A. (Odebrecht Oil & Gas), a subsidiary of the Brazilian construction and chemical conglomerate Odebrecht Organization. In 2013, Odebrecht Oil & Gas established a Cayman Islands subsidiary called Odebrecht Offshore Drilling Finance Ltd….

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Sonn|Erez, PLC Investigation into Steven M. Wyatt Formerly of Morgan Stanley

Categories: Uncategorized

Sonn|Erez is investigating claims related to former broker Steven M. Wyatt (CRD#2522129). Wyatt was most recently associated with Morgan Stanley Smith Barney and Morgan Stanley & Co. (collectively referred to as “Morgan Stanley”) in Ridgeland, Mississippi having worked there from December 2007 through July 2012. Prior to joining Morgan Stanley, Wyatt was associated with Citigroup…

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