Former Next Financial Group broker Charles Doraine (CRD# 70411) was recently sanctioned by the Financial Industry Regulatory Authority in connection...Read More
Chase Carlson is an attorney at the Miami-based law firm, Carlson Law, 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.
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. In 2020, he appeared on CNBC’s American Greed to discuss a financial advisor that defrauded athletes.
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 a current NFL player who was sold highly risky and unsuitable investments;
- $404,000 judgment against a concert promoter for a former NFL player who invested in several concerts and was never returned his investment;
- $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;
- $240,000 settlement with a major Wall Street firm for a current NBA player who was sold a risky unregistered security;
- $240,000 settlement with a major Wall Street firm for a former NFL player who was sold promissory notes of a start-up sports agency and penny stock;
- $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;
- $107,500 settlement with a major Wall Street firm for a former NFL player who was sold investments in nightclubs.