broker misconduct

$22 Million in Annuities in Pennsylvania Investor's Account

An unsupervised PCNI financial advisor allegedly perpetrated an ongoing fraud on his wealthy but unsophisticated 80 year-old client by inappropriately recommending more than $22 million in 17 annuity products, earning himself and his brokerage approximately $1 million in ill-gotten commissions.

Retired School Teacher Lost $50,000 in Excess Brokerage Fees

Over a period of several years, a Morgan Stanley financial advisor who managed our client's family trust accounts allegedly repeatedly mislead our client into believing she was receiving the same discounted fee and commission arrangement as her family on her individual investment accounts.