Helping Investors Protect Their Rights

Fidelity Brokerage Services, LLC Allegedly Allows Imposter to Hack Into Client’s Account

On Behalf of | Apr 9, 2021 | Firm News |

San Francisco, CA, February 22, 2021 – The Law Offices of Jeffrey A. Feldman has filed a FINRA Arbitration on behalf of a client where it is alleged that Fidelity Brokerage Services, LLC allowed an imposter to hack into the account of Fidelity’s client, liquidate the client’s investments, and send the funds from the client’s retirement account to a new address on the opposite side of the country.  The FINRA Arbitration filing also alleges that Fidelity has refused to be transparent with its’ client regarding what steps it has taken to recover its’ client’s funds both from the imposter and from Fidelity’s bank.

The FINRA Arbitration filing also alleges that Fidelity’s client never authorized the sale of the client’s investments and withdrawal of the client’s funds, and that Fidelity did not meet its regulatory obligations in allowing an imposter to impersonate Fidelity’s client and take these wrongful actions.  The claim further alleges that, to date, Fidelity has failed and refused to replace the stolen funds, and otherwise make the client whole.

When asked about this claim, Jeffrey Feldman responded: “Fidelity Brokerage Services has let down its client, and shown that its policies and procedures are not effective enough to keep investors’ investments safe, and I plan on helping to hold Fidelity Brokerage Services responsible for its failures.”

The Law Offices Of Jeffrey A. Feldman Investigating Claims Relating to Zachary Horowitz and 1inMM (one in a million) Capital, LLC Regarding Alleged Ponzi-Scheme

San Francisco, CA, April 6, 2021 – The Securities and Exchange Commission announced on April 6, 2021 that it obtained an asset freeze and other emergency relief in an emergency enforcement action against Los Angeles-based actor Zachary Horowitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi-scheme that raised over $690 million.  Horowitz and 1inMM allegedly told investors that they were buying film rights, purportedly to resell them to Netflix and HBO, when in fact, according to the SEC, 1inMM actually had no business relationship with either company.

The Law Offices of Jeffrey A. Feldman is investigating claims that investment advisors, insurance agents and CPAs sold this Ponzi-scheme to investors.  If someone like this recommended that you purchase an interest from Zachary Horowitz or 1inMM, please contact the Law Offices of Jeffrey A. Feldman regarding potential claims that you may have.