Losses in Henley & Company Ponzi Scheme? KlaymanToskes Has Recovery Options
Summary
National investment fraud lawyers KlaymanToskes is investigating Henley & Company LLC after a 15-year Ponzi-like scheme was discovered following the death of broker Philip Incorvia (CRD# 708138). According to FINRA (Financial Industry Regulatory Authority) rules and regulations, brokerage firms are responsible for supervising all of their registered representatives, meaning that Henley & Company LLC may be held liable for investment losses suffered by clients of Philip Incorvia and Michael John Laderer. Wealth Management LLC failed to provide reasonable, adequate, and meaningful supervision over the firm’s branch office, allowing its registered representative to carry out a Ponzi scheme to defraud and misappropriate approximately $910,000. Wealth Management LLC failed to provide reasonable, adequate, and meaningful supervision over the firm’s branch office, allowing its registered representative to carry out a Ponzi scheme to defraud and misappropriate approximately $2,500,000. Wealth Management LLC failed to provide reasonable, adequate, and meaningful supervision over the firm’s branch office, allowing its registered representative to carry out a Ponzi scheme to defraud and misappropriate approximately $1,000,000.