Doss Law Firm Files Class Action Lawsuit On Behalf Of Thousands Of Georgia Health Care Consumers Misled by Anthem “Deceptive Marketing Scheme”

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)

Doss Firm Investigates Potential Lawsuits Against Anthem/Blue Cross

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

Wells Fargo Broker Dealers Ordered by FINRA to Pay $3.4 Million in Restitution for Sale Practices Involving Volatility-Linked Exchange Traded Products (ETPs)

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 Fined by FINRA for Failure to Supervise Relating to Unit Investment Trusts (UITs)

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

J.P. Morgan Securities, LLC Fined by FINRA for Failure to Conduct Adequate Background Checks

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

Investor Alert Concerning Marietta Investment Advisor Jay Costa Kelter

Jay Costa Kelter, a Marietta, Georgia investment advisor, was recently charged with defrauding three retirees out of their retirement savings, according to an article in the Atlanta Journal Constitution entitled “Marietta man accused of bilking elderly investors,” written by Lori Norder.  Kelter is the subject of both a criminal action and a civil action filed

Authorities Arrest Broker/Advisor for Defrauding Three Investors—But Are There Others?

On September 29, 2017, Richard G. Cody, 43, of Jacksonville, Fla., a former investment advisor, was arrested in Florida on charges of violating the Investment Advisors Act of 1940 and lying to the Securities and Exchange Commission in a court proceeding, according to an article entitled “Former Investment Advisor Indicted for Fraud and Perjury.” 

PIABA Foundation and Alliance for Investor Education Launch Investor Education Town Hall Meeting

The Securities Arbitration Commentator (SAC) recently took notice of a new investor education project that was spearheaded by our own Jason Doss.  Mr. Doss is a recent past president of the Public Investors Arbitration Bar Association, or PIABA, and the current president of the PIABA Foundation.  PIABA is an association of attorneys from around the

SEC Fines UBS for Improper Sales of Reverse Convertible Notes

The Securities and Exchange Commission has announced that UBS Financial Services will pay more than $15 million to settle charges related to unsuitable sales of reverse convertible notes (“RCNs”) to individual (“retail”) investors.  The SEC found that UBS failed to adequately educate and train its sales force in connection with the sale of RCNs as