For thousands of investors across the United States—many of them retirees seeking stable income—the recent news surrounding Inspired Healthcare Capital (IHC) has been devastating. On February 2, 2026, the Scottsdale-based private equity firm specializing in senior housing filed for Chapter 11 bankruptcy protection in the Northern District of Texas, alongside over 160 affiliated entities. The…
Continue reading ›Articles Posted in Investor Abuse
On November 14, 2024, the Federal Trade Commission will hold a hearing at which members of the public are invited to address the Commission. Banks Law Office attorney Nico Banks plans to attend the hearing to comment on “Fulfillment by Amazon” business opportunity scams, including Wealth Assistants. Ahead of that hearing, he has submitted the…
Continue reading ›FINRA’s Secret Agreement To Rig Arbitrator Selection In 2022, a Georgia court issued a bombshell opinion that found that FINRA had made an illegal secret agreement with a lawyer, Terri Weiss, who represented brokerage firms in FINRA arbitrations. Specifically, FINRA told Weiss that it would make sure certain arbitrators that had served on one of…
Continue reading ›On July 20, 2023, Robert Spencer Gerstein, based in Boca Raton, Florida, was subject to an AWC (Acceptance, Waiver, and Consent) by FINRA (Financial Industry Regulatory Authority). As part of this agreement, Gerstein faced several sanctions: The allegations against Gerstein revolved around his engagement in short-term trading of securities that were meant to be held…
Continue reading ›On July 17, 2023, Daniel M. King of Venice, California, was issued an AWC (Acceptance, Waiver, and Consent) by FINRA. In this disciplinary action, King was fined $10,000, suspended from associating with any FINRA member for two months, and ordered to pay $33,374.31 plus interest in restitution to a customer. This restitution is related to…
Continue reading ›






