Today the Financial Industry Regulatory Authority released a Letter of Acceptance, Waiver and Consent, suspending Sacramento-based financial advisor Gary Pevey...Read More
Chase Carlson is an attorney at the Miami-based law firm, Carlson & Associates, P.A. His practice is focused on investment fraud litigation. Chase has represented investors from across the country in disputes with financial advisors, investment advisors, brokerage and wealth management firms. He has brought claims against almost every major Wall Street firm, including Morgan Stanley, Merrill Lynch, Wells Fargo, Raymond James, Ameriprise, Credit Suisse, and BNY Mellon.
A significant portion of Chase’s practice is dedicated to representing professional athletes and entertainers who are victims of investment fraud or mismanagement. His clients have included more than 30 athletes in the NFL, NBA, MLB and NHL, one of the most successful pop & hip-hop music producers of all time, and one of the largest lottery winners in the history of the United States.
Chase has been asked to speak regarding investment fraud on athletes and is often quoted in the media on the same topic. In 2016, he appeared on the television show 60 Minutes to discuss NFL players losing money when investing with financial advisors registered by their own union. In 2018, Chase was retained by the NFL to speak to current and former players at the NFL’s Personal Finance Boot Camp.
Chase’s recent results for athlete and entertainer clients include:
- $4.2 million arbitration award against Morgan Stanley for a former NFL player and a lottery winner who were sold investments in nightclubs not approved by the firm;
- $2.25 million settlement with a major Wall Street firm for a music producer who was sold several highly risky and unsuitable investments;
- $819,300 arbitration award against Morgan Stanley for a former NBA player and a former NFL player who were sold several highly risky investments;
- $600,000 settlement with a major Wall Street firm for an NFL player who was sold highly risky and unsuitable investments;
- $360,000 settlement with a major Wall Street firm for a former NFL player who was sold a highly risky investment not approved by the firm;
- $330,000 settlement with a securities firm for a former NBA player and several NFL players who invested in a Ponzi scheme;
- $152,505 judgment against a company and its CEO for a former NFL player who was defrauded in an investment;
- $120,000 settlement with a major Wall Street firm for a NFL player who was sold a highly risky and unsuitable investment;
- $115,000 settlement with a company and its CEO for a former NBA player and former NFL player who were defrauded in an investment in a start-up company.