Steve Melen said his business approach was profoundly affected by his personal trials, including fighting back and overcoming a diagnosis of terminal stomach cancer in 2008.
A FINRA arbitrator found that a broker at RBC Capital Markets offered misleading information about the investments made on behalf of an 80-year-old retired secretary and ordered the firm to pay $50,000, plus interest.
Woodbridge's former owner and directors of investments were arrested, accused of orchestrating a far-reaching Ponzi scheme that defrauded thousands of investors, most of whom were elderly.
She claims her son’s advisor put her into investments that were not risky enough for the fees she was paying. In most cases of elder financial abuse, it's the other way around.
Michael Murray now reports directly to Cetera President Adam Antoniades, emphasizing the priority the firm has placed on recruiting, which faltered in 2018.
