Tag Archives: Fiduciary Duty
Retired NFL Superstar Patrick Willis Sues Ex-Business Partner for Investment Fraud
In 2015, All-Pro NFL linebacker Patrick Willis surprised many when he cut his NFL career short and headed to Silicon Valley. Willis invested in, and took an executive position with, upstart tech company Open Source Storage. He also relied on the company’s principal, Eren Niazi, to invest in several other projects. Unfortunately, it appears… Read More »
FINRA Issues Fine for Florida Brokerage
Recently, the Financial Industry Regulatory Authority (FINRA), cited a Boca Raton brokerage firm for overcharging its clients. The company, Summit Brokerage Services, Inc. was fined a total of $75,000 and was also ordered to pay an additional $83,757 in financial restitution to affected customers. In doing so, Summit Brokerage did not admit to, or… Read More »
