Press Releases

Former Integral Financial Broker Sold Concentrated Positions of Structured Products and Speculative Securities To Elderly Couple And Their Son

The Law Offices of Jeffrey A. Feldman filed a FINRA arbitration claim on behalf of an elderly Bay Area couple, and their adult child, alleging that financial advisor Johnny Yeung, previously of Integral Financial LLC, misrepresented the safety of structured products and purchased and sold securities in their accounts without authorization.

San Francisco, CA, February 7, 2019 - The Law Offices of Jeffrey A. Feldman currently represents a senior couple and their adult son who lost a substantial portion of the principal invested in structured products at the recommendation of their investment advisor, Johnny Yeung, according to a FINRA arbitration recently filed. According to the statement of claim filed with FINRA, it was recommended to the husband of the elderly couple that he concentrate all of his retirement account funds into one speculative structured product, and that both the couple and their son were told of the safety of these structured products, while minimizing the risks. According to the FINRA arbitration claim, Integral Financial’s Registered Representative, also purchased the securities of Lannett Co Inc. and Acorn Inc. including both common stock and options, without obtaining authorization to do so, generating significant losses for the Integral Financial clients.

According to the Claimants’ attorney Jeffrey Feldman: "In my opinion, Johnny Yeung acted inappropriately in a variety of ways, and it appears that Mr. Yeung’s employer, Integral Financial, did not properly supervise his conduct." More information about The Law Offices of Jeffrey A. Feldman can be found at www.jeffreyfeldman.com

Former Western International Securities Brokers Sold Promissory Note Ponzi Scheme to Retirement Age Clients

The Law Offices Of Jeffrey A. Feldman Filed a FINRA Arbitration Claim On Behalf Of An Elderly Arizona Couple, Alleging That Financial Advisers Dawn Bennett and Bradley Mascho, Previously of Western International Securities and Bennett Group Financial Services, Recommended Unsuitable Investments For The Clients’ Retirement Funds, Including A Promissory Note Ponzi Scheme.

San Francisco, CA October 23, 2018 - The Law Offices Of Jeffrey A. Feldman currently represents a senior couple who lost a substantial portion of their retirement funds when investment advisers Dawn Bennett ("Bennett") and Bradley Mascho ("Mascho") allegedly sold them unsuitable, non-conventional investments in private promissory notes, which appear to have been a Ponzi scheme, as alleged in a statement of claim filed with FINRA (FINRA Case No. 18-03176). According to the FINRA arbitration claim, Bennett recommended that the clients purchase private promissory notes in a sportswear company she ran, which she touted as a very safe investment. As alleged in a criminal case filed against both Bennett and Mascho by U.S. federal prosecutors in United States District Court for the District of Maryland, Case No. PX-17-472, the promissory notes turned out to be a Ponzi scheme directly benefitting Bennett and Mascho. On October 17, 2018, Bennett was convicted of 17 charges related to the promissory note Ponzi scheme. Ms. Bennett solicited more than twenty million dollars of investments in the Ponzi scheme from 46 clients between 2014 and 2017, according to evidence presented at the criminal trial. A jury found Bennett guilty of all charges, including conspiracy, securities fraud, wire fraud and bank fraud among others. On June 18, 2018, Mascho also pleaded guilty to charges related to the promissory note Ponzi scheme.

According to the statement of claim Mr. Feldman filed with FINRA, in addition to selling their clients a Ponzi scheme, Bennett and Mascho also sold the clients heavily concentrated positions in metals, and in emerging markets. Mr. Feldman went on to say "In my opinion, it is clear that neither of these concentrated positions were suitable for my clients given their age, the amount of assets they had, and their need for safety of principal." More information about the Law Offices of Jeffrey A. Feldman can be found at www.jeffreyfeldman.com