Categories: Churning

Sonn|Erez, PLC Investigation into Hank Mark Werner 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…

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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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Sonn|Erez Investigating Claims Related to Cetera Financial Advisor George Merhoff’s Sale of Energy Sector Investments

Categories: AmeriGas Partners L.P.

Sonn|Erez is investigating claims related to Cetera Advisors LLC financial advisor George C. Merhoff, Jr. in connection with the sale of investments in oil and gas companies. Merhoff is a financial advisor based out of Klamath Falls, Oregon. Since 2015, Merhoff has been the subject of at least 10 customer complaints and/or FINRA arbitration claims…

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