Joey Dale Miller, of Lake Oswego, Oregon, a stockbroker registered with Arete Wealth Management LLC, has been discharged by the securities broker dealer on October 11, 2023, based upon allegations that Miller was not forthcoming during an internal investigation. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Miller was also referenced in a customer…

John H. Klaasen IV, of Hayden Lake, Idaho, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Klaasen supposedly failed to follow instructions regarding the purchase of certain securities from…

John Sebastion Cangialosi Jr., of New York, NY, a stockbroker registered with SW Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cangialosi failed to cooperate with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2022075928701 (March 6, 2024)….

Julie Anne Darrah (also known as Julie Banuelos), of Orcutt, California, a stockbroker registered with Mutual Securities Inc. and President of Vivid Financial Management Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Darrah based upon allegations that Darrah defrauded her…

Kyle Michael Wool, of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Wool engaged in unauthorized trading in stocks during the time that Wool was…

Lacey Elizabeth Buteyn (also known as Lacey Elizabeth DePue), of Plano, Texas, a stockbroker registered with Level Four Financial LLC, was permitted to resign on November 3, 2023, based on allegations that Buteyn violated regulatory standards in connection with the sale of variable annuities. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally shows that on…

Lawrence Richard Brockman, of Poland, Ohio, a stockbroker registered with Moors Cabot Inc., has been fined $20,000.00 and suspended for 22 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brockman borrowed money from a customer against Moors Cabot Inc. policies. Letter of Acceptance, Waiver, and Consent No. 2022076528901…

Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with an investigation into allegations of his potential misappropriation of funds. Letter of Acceptance,…

Michael Joseph Valenta (also known as Mike Valenta), of Westminster, Colorado, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Valenta recommended direct investments and oil and gas…

Rakesh Raj Bansal (also known as Rakesh Ransal), of Princeton, New Jersey, a stockbroker registered with NYLIFE Securities LLC, is the subject of a customer initiated investment related complaint filed on October 20, 2023, in which the customer requested compensatory damages based upon allegations that Bansal made the unsuitable investment recommendation of variable annuities when…

Reuben Lamont Brown, of Southlake, Texas, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brown failed to testify in a FINRA investigation into allegations of his potential selling away or engaging in private securities transactions during the time that he…

Richard Alan Foss (also known as Dick Foss), of Fort Lauderdale, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 4, 2023, in which the customer requested compensatory damages based upon allegations that Foss supposedly engaged in theft when Foss was associated…

Rodney Otis Kumlien, of Verona, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 7, 2023. In this complaint, the customer requested compensatory damages based upon allegations that Kumlien made the unsuitable recommendation of variable annuities during the time that Kumlien was…

Sally Ann Weger (also known as Sarah Ann Weger), of Palm Beach Gardens, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $350,000.00 in damages based upon alleged unauthorized withdrawals from an individual retirement account during…

Susan Regina Coriale (also known as Susan Coriale-Seweryn), of Princeville, Hawaii, a stockbroker registered with GWN Securities Inc., is the subject of a customer initiated investment related complaint filed on October 17, 2023, in which the customer requested $264,205.00 in damages based upon allegations that Coriale made unsuitable investment recommendations to the customer. According to…

Thomas Bradley Kintz, of Boynton Beach, Florida, a stockbroker registered with Benjamin F. Edwards Company Inc., has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kintz engaged in unauthorized trading during the time that he was associated with Benjamin F. Edwards…

Trey Andrew Toifel, of Mobile, Alabama, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Toifel recommended overly concentrated investments in structured bank notes during the time that…

Yong Seok Chang, of Seattle, Washington, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded real estate investment trusts (REITs) when…

Joshua Lofton Baker (also known as Joshua Baker Ford), of Hoover, Alabama, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on November 7, 2023, based upon allegations that Baker was the subject of customer complaints alleging sales practice violations in connection with the sale of whole life insurance and variable…

Jason Lawrence Mieras, of Lake Como, New Jersey, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related complaint filed on July 21, 2023, in which the customer requested $250,000.00 in damages based upon allegations that Mieras made the unsuitable investment recommendation of certain “stocks” when Mieras…

Todd Mathew Bruns, of Folsom, California, a stockbroker registered with Edward Jones, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $54,403.62 in damages based upon allegations that Bruns failed to follow the customer’s directives of liquidating funds and placing them in…

Joseph C. DeSapio, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because DeSapio engaged in excessive and unsuitable trading in customer accounts and borrowed money from a customer. Letter of Acceptance,…

Jack Robert Thacker Jr. (also known as J.R. Thacker) of Bristol, Virginia, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Thacker engaged in the unsuitable recommendation…

Howard Jeffrey Douglas, of Woodbury, New York, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on September 27, 2023, in which the customer requested compensatory damages based upon allegations that Douglas made the unsuitable investment recommendation of in variable annuities when Douglas was associated with…

Harry John Buckman Jr. (also known as Chip Buckman), of Little Silver, New Jersey, the senior vice president at Buckman Buckman & Reid Inc. and Chief Executive Officer (CEO) and Chief Investment Officer (CIO) of Buckman Advisory Group LLC, has been ordered by the United States Securities and Exchange Commission to cease and desist from…

Glenn J. Romer, of Vero Beach, Florida, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Romer made unsuitable recommendations in GWG Class L Bonds during the…

Eugene Cebron Thompson IV (also known as Bron Thompson), of Dunn, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Thompson breached his fiduciary duties,…

Donna Maria Seymour (also known as Donna Maria Pastorik), of Winter Haven, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Seymour made unsuitable recommendations and breached…

Christina Marie Silvius (also known as Christina Marie Lomas), of Kansas City, Missouri, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $320,000.00 in damages based upon allegations that Silvius made unsuitable recommendations in…

Albert Anthony Bevilacqua III (also known as Tony Bevilacqua), of Boca Raton, Florida, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Bevilacqua made unsuitable recommendations in…

Alexander Arango (also known as Alexander Arango Burkatkaya), of Dania, Florida, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related complaint filed on December 20, 2023. In this complaint, the customer requested damages based on allegations that Arango made misrepresentations of material fact and unsuitable recommendations in…

Armando G. Roman, of Scottsdale, Arizona, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Roman made the unsuitable investment recommendation of real estate investment trusts (REITs)…

Arun Kumar Aggarwal, of Raleigh, North Carolina, a stockbroker registered with Morgan Stanley, has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Aggarwal exercised discretion in a customer’s account and caused inaccurate recordkeeping at the securities broker dealer. Letter of Acceptance,…

Barbara Jean Borowsky, of Rome, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim where the customer requested more than $100,000.00 in damages based upon allegations that Borowsky failed to conduct reasonable due diligence on direct investments (DPPs…

Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate…

Cary Joel Cowan Sr., of Saint Augustine, Florida, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related complaint filed on October 30, 2023. The customer requested compensatory damages based on allegations that Cowan did not identify excess annual withdrawals, leading to an unexpected reduction of guaranteed benefit…

Cheryl Diane Richardson (also known as Cheryl Diane Johnson), of Freeport, Illinois, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint filed on October 12, 2023. In this complaint, the customer requested $415,000.00 in damages based upon allegations that Richardson misrepresented material facts in connection with…

Christopher Steven Coffey, of Johnson City, Tennessee, a stockbroker registered with Allstate Financial Services LLC, has been discharged by the securities broker dealer on December 15, 2023, based upon allegations that Coffey submitted variable annuity withdrawal forms containing non-genuine signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Coffey is referenced in three customer…

Corey James Walker, of Manchester, New Hampshire, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been suspended and fined $12,500.00 by New Hampshire Insurance Department because Walker engaged in unapproved solicitations. Case No. INV2022-0002 (September 18, 2023). Walker, while associated with Northwestern Mutual Investment Services LLC, was involved in sending mass solicitation emails…

Daniel Benjamin Kistler, of Rome, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Kistler failed to conduct due diligence and made the unsuitable investment recommendation…

David Kenneth Thiele, of Bend, Oregon, a stockbroker formerly registered with FSC Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Thiele made the unsuitable investment recommendation of alternative investments when Thiele was…

Edward Terral Hill (also known as Ed Hill), of West End, North Carolina, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on October 2, 2023. In this complaint, the customer requested $20,805.24 in damages based upon allegations that Hill failed to follow instructions in connection…

Guy Anthony Harrigan, of Boulder, Colorado, a stockbroker registered with Lion Street Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Harrigan made the unsuitable investment recommendation of direct investments when Harrigan was…

James Brett Stuart, of Castle Rock, Colorado, a stockbroker and securities principal registered with Richfield Orion International Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Stuart based upon allegations that Stuart failed to supervise certain representatives to ensure suitability…

Jeffry Neal Carel, of Edmond, Oklahoma, a stockbroker formerly registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related complaint filed on February 7, 2024, in which the customer requested $40,000.00 in damages based upon allegations that Carel made unsuitable investment recommendations when Carel was associated with J.P. Morgan Securities…

Jorge Hernandez, of Glendora, California, a stockbroker registered with Gradient Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to comply with a FINRA investigation into allegations referenced in a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078870201 (October 9, 2023)….

Karen Degro, of Boca Raton, Florida, a stockbroker formerly registered with UBS Financial Services Inc., was ordered to cease and desist and pay a $5,000.00 fine by Florida Office of Financial Regulation because Degro gave investment advice without being registered by the regulator. Case No. 117539-SR (February 20, 2024). Financial Industry Regulatory Authority (FINRA) Public…

Keith Harold Offel, a stockbroker registered with Cambridge Investment Research Inc. in Placentia, California, was the subject of a customer initiated investment related complaint filed on September 7, 2023. The customer requested $70,224.00 in damages based upon allegations that Offel supposedly failed to follow the customer’s “conservative” investment objectives during the time that Offel was…

Keith Michael D’Agostino, of Woodbury, New York, a stockbroker registered with EF Hutton LLC, otherwise known as Benchmark Investments, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that D’Agostino breached his fiduciary duties, made unsuitable investment…

Kurt Charles Jackson, of San Luis Obispo, California, a stockbroker formerly associated NFP Advisor Services LLC (also known as Kestra Investment Services LLC), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA)  securities arbitration claim that was settled for $375,000.00 in damages based upon allegations that Jackson made unsuitable recommendations…

Kyung H. Song, of East Hills, New York, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on November 8, 2023, based upon allegations that Song engaged in securities-related activity with a perspective customer in violation of firm policy. The securities broker dealer also reported allegations of Song defrauding the customer…

Lori Fleischhacker Copeland, of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Copeland did not cooperate with a FINRA investigation into allegations of her alleged outside business activities. Letter of Acceptance, Waiver, and Consent No. No….

Lucas R. Mroz (also known as Luke Mroz), of Chicago, Illinois, a stockbroker registered with Morgan Stanley, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mroz made unauthorized transactions during the time that he was associated with Morgan Stanley. Letter…

Luke Foster Lannister (also known as Lucas Foster Seward), of Rockville, Maryland, a stockbroker registered with Grove Point Investments LLC, has been discharged by the securities broker dealer on November 28, 2023, based upon allegations that Lannister charged excessive commissions and engaged in unauthorized trading in stocks. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows…

Mark Alan Lezanic, of Wayne, Pennsylvania, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on December 14, 2023. The customer requested $10,132.94 in damages based upon allegations that Lezanic was not acting in the customer’s best interest in 2023, given the commissions…

Mark Bedros Beloyan, of Davie, Florida, a stockbroker and securities principal formerly registered with Tradespot Markets Inc., has been fined $60,000.00, suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, and ordered to pay disgorgement because he failed to supervise certain representatives and engaged in unauthorized transactions…

Michael Christopher McFeeley, of York, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $82,992.32 in damages based upon allegations that McFeeley made unsuitable investment recommendations in oil and gas investments during the time…

Michael Craig Brickman, of Paramus, New Jersey, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brickman failed to cooperate with a FINRA investigation into allegations that he accepted personal checks from a customer. Letter of Acceptance, Waiver, and Consent…

Philip Michael Connors, of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to comply with the regulator during an investigation into his trading in customer accounts while he was registered with…

Robert Logan Jones (also known as Bob Jones), of Kissimmee, Florida, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with the regulator during its investigation into allegations his potential unauthorized trading and use of unauthorized communication…

Ronnie Lynn Cochran, of Blacksburg, Virginia, a stockbroker registered with NYLIFE Securities LLC, is the subject of a customer initiated investment related complaint filed on July 24, 2023. In this complaint, the customer alleged that Cochran made the unsuitable recommendation of variable annuities when Cochran was associated with NYLIFE Securities LLC. The complaint alleges that…

Stephen James Sperling, based in Palatine, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested $500,000.00 in damages. The claim alleged that Sperling promised the customer a 6.5 percent return on investment and…

Tamara Ann Glenn (also known as Tamara Dawson, Tamara Gallegos, Tamara Haselby, and Tamara Langham), of East Lansing, Michigan, a stockbroker registered with Essex National Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $35,000.00 in damages based upon allegations…

LPL Financial LLC, a securities broker-dealer headquartered in Fort Mill, South Carolina, has been censured and fined $5,500,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise direct business transactions, provided false information to customers regarding mutual fund switch transactions, and failed to supervise Business Development Company (“BDC”) transactions. Letter of Acceptance,…

Brian C. Shevland of Wayne, Pennsylvania, a stockbroker registered with MCG Securities LLC, or Merion Capital Group, has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shevland made misrepresentations of material fact to investors. Letter of Acceptance, Waiver, and Consent No….

Brian Keith Shey (also known as Brian Keith Palinkas), of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shey failed to publicly disclose that he was charged with fraud….

Chuck A. Roberts of New York, New York and Miami Beach, Florida, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000,000.00 in damages based upon alleged negligence, breach of fiduciary duty,…

Brett Arthur Hartvigson, of San Diego, California, a stockbroker registered with Independent Financial Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hartvigson failed to cooperate with an investigation into a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078455601 (February 5, 2024). According…

David Victor Tall (also known as Dave Tall), of Costa Mesa, California, a stockbroker formerly registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tall failed to cooperate with an investigation into allegations of his execution of promissory notes away from the…

Edward Steven Mercer (also known as Ed Mercer), of Coral Springs, Florida, a stockbroker registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with the regulator in connection with its investigation into a customer’s investment in a…

Eric Brian Kleiner of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on July 13, 2023. The customer requested $300,000.00 in damages based upon allegations that Kleiner made unsuitable investment recommendations in exchange traded funds when Kleiner was associated with Morgan Stanley….

Eric Gustav Kuchherzki (also known as Eric Kuchherski), of Burlingame, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $28,000.00 in damages on January 15, 2024. The claim alleges that Kuchherzki made unsuitable invstment recommendations…

Grant Douglas Johnson of Boca Raton, Florida, a stockbroker registered with Noble Capital Markets Inc., has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson participated in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076763001 (February 8, 2024)….

Hector Jesus Hernandez, of Shavano Park, Texas, a stockbroker registered with Money Concepts Capital Corp, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his potential failure to disclose an “outside business activity” while associated with Money Concepts Capital…

James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Mariani breached a contract, engaged in unsuitable trading, breached his fiduciary duties, and was…

Jeffrey T. Kennedy of Quincy, Illinois, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Kennedy made the unsuitable investment recommendation of alternative investments when Kennedy was…

Jeffrey Wayne Davidson of Austin, Texas, a stockbroker registered with Equitable Advisors LLC, has been fined $15,000.00 and suspended for 21 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Davidson engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2022073948401 (February 16,…

Jilena Yuen-Han Mok (also known as Jilena Yuenhan Mok and Yuen Han Mok), of San Francisco, California, a stockbroker registered with Edward Jones., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mok engaged in unauthorized trading in customer accounts. Letter…

Jim Andrew Lund of San Marino, California, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Lund committed fraud, violated state and federal securities laws, made unsuitable…

John Michael Fagan of St. Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fagan failed to cooperate with an investigation into a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078766801 (November 6, 2023)….

Keith Michael Curtis, of Tampa, Florida, a stockbroker registered with Aegis Capital Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Curtis failed to comply with the regulator’s requests during its investigation into allegations of Curtis’ possible conversion or misappropriation of funds. Letter of Acceptance, Waiver,…

Kirk James Crossen of Carmel, Indiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on October 31, 2023, based upon allegations that Crossen was not forthcoming during the securities broker dealer’s inquiry into a loan from Crossen’s customer at a prior firm. Public Disclosure also shows that…

Kurt Douglas Cambier, of Littleton, Colorado, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $67,500.00 in damages based upon allegations that Cambier made unsuitable investment recommendations in real estate securities and direct investments (DPPs…

Lei Shen (also known as Peter Shen), of Orange, California, a stockbroker registered with NI Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Shen made unsuitable investment recommendations and overconcentrated accounts in business…

Marion Leopold Leonberger Jr. (also known as Sonny Leonberger), of Louisville, Kentucky, a stockbroker previously registered with American Equity Investment Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages. The claim alleged that Leonberger made unsuitable recommendations in…

Matt Ward (also known as Matt Adeywardena and Abeywardena Ward), of Santa Monica, California, a stockbroker registered with Alliance Global Partners, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ward engaged in unauthorized trading during the time that he was associated with Alliance…

Matthew E. Loverine of Milwaukee, Wisconsin, a stockbroker registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related complaint filed on March 11, 2023, in which the customer requested compensation based upon allegations that Loverine made misrepresentations of material fact and made the unsuitable recommendation of certain variable annuities during the…

Patrick Michael Mendenhall of Houston, Texas, a stockbroker registered with USCA Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Mendenhall engaged in unsuitable trading and failed to supervise certain representatives in connection with…

Roy Chuck Waugh of Lawton, Oklahoma, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Waugh did not change the beneficiaries on a customer’s account according to the…

Shane Michael DeSherlia of Jerseyville, Illinois, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that DeSherlia made unsuitable investment recommendations and was negligent in connection with the sale…

Peter Thomas Lawrence of Hauppauge, NY, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related complaint filed on January 25, 2024, in which the customer requested compensation based upon allegations that Lawrence forged signatures in connection with a variable annuity sale in 2023 when Lawrence was…

Stewart Ginn (also known as Stewart Taylor and Paxton Ginn Jr.), of Santa Maria, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) Complaint in which the regulator is seeking sanctions against Ginn based upon allegations that Ginn churned customer accounts. Department of Enforcement v….

Thomas Burgess Hamlin of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $108,000.00 in damages based upon allegations that Hamlin made unsuitable investment recommendations of iCap Equities private placements when Hamlin was…

Alfred Sietze Vanderlaan (also known as Al Vanderlaan), of Watertown, South Dakota, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations that Vanderlaan violated state securities…

Scott Jason Lee of Cold Spring, Minnesota, a stockbroker formerly registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Lee made unsuitable investment recommendations and was negligent in connection…

Beliveau Bays (also known as Beau Bays), of Plano, Texas, a stockbroker registered with LPL Financial LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Bays based upon allegations that Bays forged electronic signatures and lied to the regulator during an…

David Leslie Arlein of Boca Raton, Florida, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Arlein was negligent, made misrepresentations of material facts, breached a contract, breached his fiduciary duty,…

Edward Joseph Barfield of Kirkwood, Missouri, a stockbroker registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related complaint filed on July 18, 2023, in which the customer requested $292,000.00 in damages based upon allegations that Barfield made unsuitable recommendations in life insurance products when Barfield was associated with Geneos…

Estevao Dias Semedo of Brockton, Massachusetts, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Semedo did not comply with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023078507801 (December 4, 2023). FINRA’s…

Forrest Addington Wester of Midland, Texas, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wester refused to provide information and documents requested by the regulator in an investigation into his possible misappropriation of funds from customers. Letter…

Garrett Wayne Moretz of Mooresville, North Carolina, a stockbroker registered with LifeMark Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages. The claim alleged breach of fiduciary duty, unsuitable investment recommendations, misrepresentation and omissions of material facts, negligence,…

James Ahern of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $57,750.43 in compensatory damages because Ahern and Laidlaw Company (UK) Ltd. were held liable on the customer’s…

Joao Amorim Pinto of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pinto engaged in unsuitable trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018056490307 (November 21, 2023)….

Christina Dawn Peterman (also known as Christina Dawn Heighton, Christina Dawn Knippers, and Christina Dawn Lay), of Greensboro, North Carolina, a stockbroker registered with Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Peterman failed to comply with the regulator’s investigation concerning her…

Daniel Abraham Santos a stockbroker formerly registered with PFS Investments Inc. in Lancaster, Pennsylvania, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Santos failed to respond to the regulator’s requests for information regarding his outside business activities. FINRA Case No. 20220739513011 (August 25, 2023). According to…

John Aloysius Dougherty of Blue Bell, Pennsylvania, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dougherty failed to provide information and documents requested in connection with FINRA’s investigation into his potential private securities transactions and outside business activities. Letter…

Kimberly Ann Carson (also known as Kimberly Beveridge) of San Jose, California, a stockbroker previously registered with SCF Securities Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carson “borrowed” customer funds. Letter of Acceptance, Waiver, and Consent No. No….

Lucas R. Hales of Austin, Texas, a stockbroker registered with Virtu Americas LLC, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hales engaged in selling away or private securities transactions totaling $3,000,000.00 without notifying his firm. Letter of Acceptance, Waiver,…

Luke Michael Johnson of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., has been fined $15,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson made unsuitable recommendations to customers. Department of Enforcement v. Luke Johnson, Order Accepting Offer of Settlement No. 2019061213402…

Michael Archimede of Waukesha, Wisconsin, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Archimede refused to provide information and documents and to appear for testimony concerning his potential borrowing of customer funds. Letter of Acceptance, Waiver, and Consent No….

Nancy Ellen Cole also known as Nancy Ellen Hall, of Sacramento, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $72,000.00 in damages based upon allegations that Cole made misrepresentations of material fact in connection with the sale…

Nir Regev Kragnes of Saint Louis, Missouri, a stockbroker registered with DFPG Investments LLC, was the subject of a customer initiated investment related complaint that was settled on July 17, 2023, for $278,680.61 in damages based upon allegations that Kragnes made unsuitable recommendations in illiquid real estate securities during the time that Kragnes was associated with…

Oscar Lee Harrison II of Fremont, California, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 22, 2021. In this complaint, the customer requested $100,000.00 in damages based upon allegations that Harrison “refused” to execute an order to purchase 1,000 shares of ERI stocks…

Patrick Noel Thayer of Lebanon, Ohio, a stockbroker previously registered with LPL Financial LLC and Parkland Securities LLC and owner of Broadway Financial Solutions, has been permanently barred by Securities and Exchange Commission (SEC) from associating with any investment adviser, broker, dealer, or other related entities and from participating in any penny stock offerings, because…

Rene’ Tapia Espinoza of Scottsdale, Arizona, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on July 20, 2023. The customer requested $13,871.90 in damages based upon allegations that Espinoza made misrepresentations of material facts in connection with the sale of variable annuities while associated…

Robert Alan Eisenberg of Vienna, Virginia, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $27,663.88 in damages based on allegations that Eisenberg made unsuitable investment recommendations in oil and gas investments during the time that Eisenberg was associated…

Robert Lee Golding of Alpena, Michigan, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Golding did not cooperate with a FINRA investigation into allegations of his potential forgery. Letter of Acceptance, Waiver, and Consent No. 2022076240401 (November 27, 2023)….

Seth Gordon Mason of Grand Rapids, Michigan, a stockbroker previously registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested compensatory damages based upon allegations that Mason engaged in unsuitable trading in the customer’s account from 2017 to…

Shawn Spellacy of Fair Oaks, California, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $719,415.00 in damages based upon allegations that Spellacy made unsuitable recommendations in stocks during the time that Spellacy was associated with Calton Associates Inc….

Stephen Curtis Lawler Jr.  of Dunlap, Illinois, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages. The claim alleged that Lawler made omissions of material fact and unsuitable recommendations in real estate securities and direct investments during…

Thomas Joseph Livaccari of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint that was settled on April 25, 2023, for $75,000.00 in damages. The complaint alleged that during Livaccari’s association with UBS Financial Services Inc., he made misrepresentations of material fact…

Timothy Harold Judson of McLean, Virginia, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages between $100,000.00 and $500,000.00 based upon allegations that Judson made unsuitable recommendations in direct investments during the time that Judson was associated with…

Tory A. Duggins of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Duggins engaged in excessive trading and failed to report a customer complaint. Letter of Acceptance, Waiver, and Consent No….

Troy Allen Orlando of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Orlando engaged in excessive and unsuitable trading in customer accounts. Letter of Acceptance, Waiver, and Consent No….

Willie Joseph Rosser Sr. of Atlanta, Georgia, a stockbroker registered with Pruco Securities LLC, has been fined $5,000 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rosser borrowed customer funds. Letter of Acceptance, Waiver, and Consent No. 2022074772401 (January 30, 2024). In 2021, Pruco…

Scott William Norvell of Omaha, Nebraska, a stockbroker registered with Cetera Advisors LLC and LPL Financial LLC, has been fined $10,000 and suspended for 2.5 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Norvell made misrepresentations of material fact in connection with annuity exchanges . Letter of Acceptance,…

Anthony Joseph Cantone (also known as A.J. Cantone), of Eatontown, New Jersey, the former Chief Executive Officer of  Cantone Research Inc., has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Cantone refused to provide testimony as requested by the regulator in an investigation into his…

Austin Richard Dutton Jr., of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Dutton based upon allegations that Dutton made unsuitable investment recommendations and falsified customer documents. Department of Enforcement v….

Brad Curtis Brooks of Plano, Texas, a stockbroker registered with Titan Securities, has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he made negligent misrepresentations and omissions to customers concerning private placements during the time that he was associated with Titan Securities….

Cladius Olaniran Tokunboh, of Lewisville, Texas, a stockbroker previously registered with TIAA-CREF Individual and Institutional Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tokunboh failed to provide testimony when the regulator investigated his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….

Alexandria Bovee (also known as Alexandria Montgomery), of Sumter, South Carolina, a stockbroker formerly registered with Edward Jones, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Bovee refused to testify in an investigation into whether she violated federal securities laws or FINRA rules in…

Dana Matthew Hawkins, of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $11,250.00 in damages based upon allegations that Hawkins breached his fiduciary duty and misrepresented material facts in connection with the sale of corporate bonds,…

Daniel Keith Beech of Charlotte, North Carolina, a stockbroker registered with Innovation Partners LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beech based upon allegations that Beech improperly paid commissions to an unregistered person. Department of Enforcement v. Daniel Keith…

Doron Kochavi, of Pasadena, California, a stockbroker registered with Western International Securities Inc., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kochavi mismarked order tickets “unsolicited.” Case No. 2021071099403 (January 16, 2024). According to the AWC, between January of 2017…

Eric Vance Kubiak of Cheektowaga, New York, a stockbroker previously registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kubiak refused to provide information and documents in an investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent…

Felipe Henao Vargas (also known as Felipe Henao and Felipe Henos), of Miami, Florida, a stockbroker formerly registered with Insigneo Securities LLC, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Henao engaged in unauthorized trading in a customer’s account. Letter…

John D. Cimino of Naples, Florida, a stockbroker formerly registered with Wells Fargo Advisors is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $648,745.00 in damages based upon allegations that Cimino engaged in unsuitable trading in variable annuities when Cimino was associated with Wells Fargo Advisors…

John Kevin Egan of Glendora, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Egan engaged in violations of federal securities laws, made unsuitable recommendations, and made misrepresentations and omissions of…

Arthur Bruce McQuaide of Garden City, New York, a stockbroker registered with Spartan Capital Securities, LLC, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McQuaide engaged in churning or excessive trading in his customer accounts during the time that he was associated with Spartan…

Donald Allen Blankenship of King of Prussia, PA, a stockbroker registered with Independent Financial Group, LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Blankenship based upon allegations that Blankenship engaged in unsuitable trading in mutual funds. Department of Enforcement v. D….

William Wade Godfrey (also known as Bill Godfrey), of Tampa, Florida, a stockbroker formerly registered with Thrivent Investment Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Godfrey failed to cooperate in an investigation into his variable annuity sales practices. Letter of Acceptance, Waiver, and…

John Petrone of Willowick, Ohio, a stockbroker registered with Farmers Financial Solutions LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) in any capacity because Petrone refused to provide information and documents during an investigation into his potential misappropriation of funds from an elderly investor. Letter of Acceptance, Waiver, and Consent…

Juan L. Elwaw (also known as John Elwaw), of Miami, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on August 17, 2023. The customer requested $2,900,000.00 in damages based upon allegations that Elwaw breached his fiduciary duty in connection with the recommendation and sale of…

Jonathan Arthur Mayer (also known as Jonathan Mayer), of Westport, Connecticut, a stockbroker formerly registered with Crito Capital LLC, has been fined $5,000.00 and suspended for three months by Financial Industry Regulatory Authority (FINRA) because Mayer engaged in undisclosed outside business activities. Letter of Acceptance, Waiver, and Consent No. 2020068717401 (January 5, 2024). According to…

Lara Shogren, of Anchorage, Alaska, a stockbroker registered with Key Investment Services LLC, is the subject of a customer initiated investment related complaint filed on November 30, 2023. The customer requested $18,829.93 in damages based upon allegations that Shogren made misrepresentations of material fact in connection with the sale of fixed annuities when Shogren was…

Lawrence Richard Greenfield (also known as Larry Greenfield), of Woodland Hills, California, a stockbroker formerly registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $950,000.00 in damages based upon allegations that Greenfield made unsuitable investment recommendations in alternative investments during…

Lincoln Lucas Mason, of Arnolds Park, Iowa, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended for 90 days by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Mason engaged in an undisclosed outside business activity and thereafter supposedly made false statements regarding it….

Louis Peter Goff, of Salt Lake City, Utah, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate in the regulator’s investigation into allegations of potential fraud. Letter of Acceptance, Waiver, and Consent No….

Mitchell S. Morrison (also known as Mitch Morrison), of Newport Beach, California, a stockbroker formerly registered with WestPark Capital Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morrison engaged in private securities transactions or “selling away.” Letter of Acceptance,…

Paul Kai Addo III, of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Addo failed to follow instructions regarding the purchase of market-linked investments or structured products from January…

Rajen Duggal, of San Francisco, California, a stockbroker registered with Paulson Investment Company LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member because Duggal engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078112801 (January 17, 2024). FINRA’s regulatory…

Ronald Bucher of Fort Myers, Florida, a stockbroker registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bucher refused to cooperate in an investigation concerning his interactions with customers. Letter of Acceptance, Waiver, and Consent No. 2022073421201 (December 17, 2023). According to…

Tilak J. Shah (also known as Tilak Shah), of Boston, Massachusetts, a stockbroker registered with NYLife Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shah failed to cooperate with a FINRA investigation concerning his life insurance sales practices. Letter of Acceptance, Waiver, and Consent No….

Todd R. Anderson, of Tucson, Arizona, a stockbroker registered with Benchmark Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities because Anderson refused to provide documents and information during the regulator’s investigation into his potential forgery of a customer’s signature on annuity documents. Letter of Acceptance,…

Walter Paul Shoczolek III (also known as Walter Paul Shoczolek), of Cornelius, North Carolina, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Shoczolek made unsuitable investment recommendations in mutual funds…

Yann C. Faho (also known as John Faho and Jann Faho), of New York, NY, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Faho used unauthorized communication devices to correspond with customers regarding…

William Marc Rankin, of Columbia, South Carolina, a stockbroker formerly registered with Woodmen Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rankin refused to provide information and documents to the regulator during an investigation into his investment recommendation that a customer liquidate a…

Keith Craig Baron of Jericho, New York, a stockbroker formerly registered with Equity Services Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Baron based upon allegations that Baron engaged in fraud and made misrepresentations of material fact in connection…

Darren Nickolas Ting, of New York, New York, a stockbroker registered with J.P. Morgan Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ting engaged in unauthorized trading and mismarked solicited trades during the time that he was associated…

Matthew Thomas Mierzycki of Round Rock, Texas, a stockbroker registered with Edward Jones, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mierzycki engaged in unauthorized trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021073142301 (Dec. 5, 2023)….

Joe David Gainer Jr., of Marianna, Florida, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gainer failed to testify in an investigation into whether Gainer violated FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022075621801…

Malay Kumar, of Mason, Ohio, a stockbroker registered with Cambridge Investment Research Inc., has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kumar made unsuitable recommendations in annuities and falsified documents when he was associated with Cambridge Investment Research Inc. Letter…

Robert Allen Silvestri (also known as Rob Silvestri), of Dallas, Texas, a stockbroker formerly registered with Aegis Capital Corp. and Level Four Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silvestri refused to comply with the regulator’s request for testimony during an investigation into allegations…

Sara Yasmin Qazi of Beverly Hills, California, a stockbroker registered with Raymond James Associates Inc., has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Qazi engaged in private securities transactions or “selling away” and violated communication standards with the public. Letter…

David Wayne Karin, of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,220,000.00 in damages based upon allegations that Karin made misrepresentations of material fact and made unsuitable recommendations in GWG Class L corporate…

Jeffrey Allen Russell, of Newport Beach, California, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Russell engaged in unauthorized trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021071685401 (November 16, 2023)….

John Ginsburg of Houston, Texas, a stockbroker registered with Principal Securities Inc., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ginsburg falsified customer documents when he was associated with Principal Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2020068747501…

Benjamin Soccodato of Elmsford, New York, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Soccodato engaged in unsuitable trading and made misrepresentations of material fact in connection with the sale of…

Marc Edmond Haggar, of Dallas, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Haggar made misrepresentations of material fact and “failed to follow instructions” regarding certain investments which were…

Robert Emmett Marquez (also known as Bob Marquez), of Smithtown, New York, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Marquez refused to appear for testimony concerning his potential private placement activities during the time that he was associated…

William Savary of Gig Harbor, Washington, a stockbroker registered with Abraham Securities Corporation and previously with Spencer-Winston Securities Corporation, has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Savary engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022074468401…

Nicholas Michael Caruso of Red Bank, New Jersey, a stockbroker formerly registered with Monmouth Capital Management LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Caruso engaged in excessive trading during the time that he was associated with Monmouth Capital Management LLC. Letter…

Todd Michael Lesk of Coral Springs, Florida, a stockbroker previously registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lesk refused to cooperate with a FINRA investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023079873001…

Andrew Charles Grezlak, of Doylestown, Pennsylvania, a stockbroker formerly registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA requests for information. Case No. 2022076824801 (September 25, 2023). According to FINRA Rule 9552(h),…

William Worthen King (also known as Bill King), of Vero Beach, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related complaint filed on November 26, 2023, in which the customer requested compensatory damages based upon allegations that King engaged in unauthorized trading in options…

Michael Raymond Frager of La Jolla, California, a stockbroker registered with Integrity Brokerage Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Frager made an unsuitable investment recommendation in corporate bonds when Frager was associated with Integrity…

Ruben Javier Frezzotti also known as R. Frezzotti, of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was discharged by the securities broker dealer on September 21, 2023, for failing to comply with policies of the securities broker dealer concerning “outside business activities.” Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…

Lawrence William Catena, of Naples, Florida, a stockbroker registered with Morgan Stanley Smith Barney, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Catena made unsuitable recommendations in structured products and mutual funds when Catena was associated with Morgan Stanley…

Tim Paul Peyton, of Gretna, Louisiana, a stockbroker registered with Crown Capital Securities L.P., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that Peyton made unsuitable recommendations in non-traded REITs while he was associated with Crown Capital Securities L.P….

Edward Isaac Rosenblatt, of Mission Viejo, California, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Rosenblatt breached his fiduciary duties and breached a contract, and that Cetera Advisor Networks LLC…

Eric William Davidson, of Portland, Oregon, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related complaint filed on August 22, 2023, where the customer requested $300,000.00 in damages based upon allegations that Davidson engaged in unsuitable trading when he was associated with Aegis Capital Corp. The complaint was…

Gary Kendall Liska of Los Angeles, California, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related complaint filed on May 11, 2022. In this complaint, the customer requested $100,000.00 in damages based upon allegations that Liska mismanaged the customer’s account in connection with the sale of mutual…

Eric Alexander Duncan, of Denver, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $196,000.00 in damages based upon allegations that Duncan was negligent and engaged in unsuitable recommendations in direct investments and corporate bonds when Duncan…

John Spyro Demertzis of East Setauket, New York, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Demertzis made unsuitable recommendations in alternative investments, including real estate securities during the time that Demertzis…

Yin Yvonne Zhong (also known as Yvonne Zhong), of Milpitas, California, a stockbroker registered with Ni Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Zhong breached her fiduciary duties, was negligent, and made unsuitable recommendations in GWG Class…

Douglas Harry Chapman, of Clark, New Jersey, a stockbroker registered with Securian Financial Services Inc., was the subject of a customer initiated investment related complaint filed on November 15, 2021, in which the customer requested compensatory damages based upon allegations that Chapman made misrepresentations of material fact about a living benefit rider on a variable…

Brian Jesse Singleton, based in Pocatello, Idaho, a stockbroker registered with LPL Financial LLC, was the subject of a customer-initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages. The claim alleged that Singleton misrepresented the risk of a structured note that was purchased by the customer during the time that…

Norman Ray Harp, of Leawood, Kansas, a stockbroker registered with B.B. Graham Company Inc. and Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages based upon allegations that Harp engaged in unsuitable trading and was negligent in connection with…

Michael Perron Shoemaker, of Atlanta, Georgia, a stockbroker registered with Bankers Life Securities Inc., was the subject of a customer initiated investment related complaint filed on September 7, 2021, in which the customer requested $74,526.00 in damages based upon allegations that Shoemaker made unsuitable recommendations in equity-indexed annuities in November of 2018. The complaint alleged…

Peter John Clarke, of Palm Beach, Florida, a stockbroker registered with Truist Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $6,300,000.00 in damages based upon allegations that Clarke made unsuitable recommendations in equities when Clarke was associated with Truist Investment Services Inc….

Kenneth John Arellano, of Rochester, New York, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Arellano used unauthorized methods of communicating with customers regarding securities. Letter of Acceptance, Waiver, and Consent No. 2019064285601…

Paul Joseph Mauro, of Westborough, Massachusetts, a stockbroker formerly registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 18, 2023, for $21,716.71 in damages. This settlement was based upon allegations that Mauro misrepresented material facts and sold unsuitable fixed and variable annuities during his…

Ralph Dennis Courtland, of Fairfield, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages in excess of $1,000,000.00 based upon allegations that Courtland failed to supervise a financial advisor from April of 2012 through…

Randall Leigh Raymond (also known as Randy Raymond), of Lincoln, Nebraska, a stockbroker registered with SagePoint Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $5,788.00 in damages based upon allegations that Raymond breached his fiduciary duties, breached a contract, and was negligent in connection…

Richard John Webb, of Beachwood, Ohio, a stockbroker previously registered with Park Avenue Securities LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Webb failed to respond to FINRA requests for information. Case No. 2022076653101 (September 8, 2023). On August 15, 2023, FINRA issued a Notice…

Robert James Rumley III, of Atlanta, Georgia, a stockbroker formerly registered with Morgan Stanley  is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Rumley did not manage the customer’s accounts in her best interests during the time that Rumley was…

Roberto Francisco Leslie (also known as Robert Leslie), of Brooklyn, New York, a stockbroker registered with Essex National Securities LLC and Infinex Investments Inc., was the subject of a customer-initiated investment related complaint filed on September 6, 2023, in which the customer requested $10,000.00 in damages based upon allegations that Leslie advised the customer that…

Ronald Ernest Filoramo (also known as Ron Ernest Filoramo), of Fort Lauderdale, Florida, a stockbroker previously registered with Morgan Stanley, has been barred as a stockbroker and investment adviser representative by Securities and Exchange Commission (SEC) because Filoramo misappropriated customer funds. In the Matter of Ronald E. Filoramo, Order Instituting Administrative Proceedings, Case No. 3-21781…

Salvatore Gambino, of Melville, New York, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gambino made unsuitable investment recommendations during the time that he was registered with Aegis Capital Corp. Letter of Acceptance,…

Scott Michael Bremus, of Dacula, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bremus engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021073072701 (October 6, 2023). According to the AWC,…

Shane Collins Wilhelm, of Roanoke, Virginia, a stockbroker previously registered with Fortune Financial Services Inc. and Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) in any capacity because Wilhelm failed to respond to FINRA’s requests for information. Case No. 2021072674801 (September 5, 2023). Initially, Wilhelm faced a…

Timothy Brian Campbell (also known as Tim Campbell), of Corinth, Mississippi, a stockbroker registered with MML Investors Services LLC, has been discharged by the securities broker dealer on July 27, 2023, based upon allegations that Campbell supposedly used unapproved, inaccurate sales literature, and was the subject of a customer complaint. In fact, weeks earlier Campbell…

Todd Morris Mezrah, of Tampa, Florida, a stockbroker registered with M Holdings Securities Inc., has been fined $10,000.00 and suspended for twenty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mezrah provided misleading and promissory statements to prospective customers. Letter of Acceptance, Waiver, and Consent, No. 2019062775801 (October…

Travis E. Hudson, of Columbia, South Carolina, a stockbroker registered with Pruco Securities LLC., is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages based upon allegations that Hudson breached his fiduciary duties in connection with the sale of insurance products during the time that Hudson was…

Tyson William Allred, of Portland, Oregon, a stockbroker formerly registered with U.S. Bancorp Investments Inc., is the subject of a customer initiated investment related complaint filed on September 5, 2023, in which the customer requested $998,131.88 in damages based upon allegations that Allred made specific assurances that the investment chosen for the customer involved protected…

Vincent Anthony Sharpe (also known as Vincent Ottomanelli-Sharpe), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $283,716.78 in damages based upon allegations that Sharpe made unsuitable investment recommendations during the time that Sharpe…

Joseph Patrick Katzaroff, of Irvine, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on June 1, 2023, in which the customer requested $1,000,000.00 in damages based upon allegations that Katzaroff made unsuitable recommendations. The complaint alleges that Katzaroff failed to consider the trustee’s…

Mark Steven Elias, of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Elias made unsuitable recommendations and misrepresentations of material fact in connection with an options overlay strategy…

Donald Depiro (also known as Don Depiro), of Riviera Beach, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on August 9, 2021, in which the customer requested $25,000.00 in damages based upon allegations that Depiro engaged in unauthorized trading in equities…

Keith Flynn Tomer, of Doylestown, Pennsylvania, a stockbroker registered with Securian Financial Services, was the subject of a customer initiated investment related complaint that was settled on May 4, 2020, for $15,060.44 in damages based upon allegations that Tomer made unnecessary delays in liquidating an estate account which resulted in decreased value in the account…

John Lawrence Abrams (also known as Jack Abrams), of Boca Raton, Florida, a stockbroker registered with Equitable Advisors LLC, was discharged by the securities broker dealer on August 28, 2023, based upon allegations that Abrams took a loan from a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Abrams has been identified in…

John Jay Kersey, of Cincinnati, Ohio, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related complaint filed on September 19, 2023, in which the customer requested compensatory damages based upon allegations that Kersey instructed the customer to write personal checks to him and misled the customer…

John Gerard Forrester Jr., of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Forrester breached his fiduciary duties, committed fraud, was negligent, and breached contract in connection with…

James Michael Green, of Chisago City, Minnesota, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Green failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023079059301 (August 23, 2023). On August 23, 2023, FINRA asked…

Gianluca De Berardinis, also known as Gianluca Deberardinis, of New York, New York, a stockbroker previously registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on August 18, 2023. In this complaint, the customer requested $200,000.00 in damages based upon allegations that De Berardinis engaged in selling away or…

Gary Steven Costello II, of Boca Raton, Florida, a stockbroker registered with Oppenheimer Co. Inc., is the subject of an investment related FINRA securities arbitration claim in which the customer requested $2,103,426.00 in damages based upon allegations that Costello engaged in churning, unauthorized withdrawals, negligence, breach of fiduciary duty, breach of contract, fraud, and state…

Frank Levi Martin (also known as Frangel Levi Martin and Frangel Levi Martinez), of Brooklyn, New York, a stockbroker now registered with LPL Financial, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity because Martin failed to supervise trading activities and investigate red flags…

Andrew Joseph Kubicsko Jr., of Chicago, Illinois, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Kubicsko made an unsuitable recommendation of Thornburg Limited Term Municipal Fund, which was supposedly not…

Albert Luis Aviles Jr., of New York, a stockbroker associated with Reid Rudiger LLC, has been barred permanently from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Aviles failed to respond to FINRA’s requests for information. FINRA Case No. 2018056490304 (December 12, 2022). Public Disclosure shows that Aviles was provided…

Charles D. Shields Jr. of Wayne, Pennsylvania, a stockbroker associated with Wells Fargo Clearing Services LLC, has been fined $5,000.00 and suspended for 15 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shields engaged in unauthorized trading by exercising discretion in a customer’s account without prior written authorization…

Damian Mark Baird, of Boston, Massachusetts, a stockbroker previously associated with Moors Cabot Inc., is currently under investigation by the Financial Industry Regulatory Authority (FINRA) as of July 14, 2023. Case Nos. 20230776692 and 20230782402. The investigation revolves around allegations that Baird potentially violated FINRA Rules 8210 and 2010 by failing to respond to FINRA’s…

David McDonald Wilson of Gulf Shores, Alabama, a stockbroker associated with Hancock Whitney Investment Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 4, 2020, for $103,673.33 in damages based upon allegations that Wilson provided the customer with misleading information to encourage the purchase of a variable…

Edward Joseph McMahon, of Red Bank, New Jersey, a stockbroker formerly associated with Alexander Capital L.P., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McMahon failed to respond to FINRA requests for information. Case No. 2020066786001 (February 21, 2023). According to FINRA, Edward McMahon did not…

Evan A. Lunsford of Terre Haute, Indiana, a stockbroker associated with LPL Financial, was the subject of a customer initiated investment related complaint filed on August 18, 2023, in which the customer requested compensatory damages. The customer’s allegations are that Lunsford made investment recommendations in structured notes tied to the energy market that were unsuitable…

George Wilson Howe, of Austin, Texas, a stockbroker associated with USCA Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Howe breached fiduciary duty and was negligent during the time that he was associated…

Gilbert Russell Conrad of Lewiston, New York, a stockbroker associated with Cetera Advisors Networks, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 to $5,000,000.00 in damages based upon allegations that Conrad made unsuitable investment recommendations of  alternative investments including direct…

Gihan Anil Fernando (also known as Gihan Raphael Fernando) of Sugar Land, Texas, a stockbroker associated with BOK Financial Securities Inc., was the subject of a customer initiated investment related complaint that was settled on November 3, 2022, for $16,018.77 in damages based upon allegations that Fernando misrepresented information about a real estate security that…

Hector Alberto Mena, of Delray Beach, Florida, a stockbroker associated with Wells Fargo Clearing Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested approximately $300,000.00 in compensatory damages, as well as punitive damages, based on allegations that Mena provided unsuitable recommendations…

James C. Kelly, of Chicago, Illinois, a stockbroker associated with UBS Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $2,250,000.00 in damages based upon allegations that Kelly made unsuitable recommendations and made misrepresentations of material fact during the time that…

Jason Kimber, of Logan, Utah, a stockbroker associated with J.W. Cole Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,000,000.00 in damages. The allegations center around Kimber’s involvement in alleged fraudulent activities that were conducted away from J.W. Cole…

Joel Dale Farnsworth of Los Angeles, California, a stockbroker associated with Wedbush Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,200,000.00 in damages based upon allegations that Farnsworth was negligent and breached his fiduciary duty in connection with the…

John Elliot McCune Jr., of Portsmouth, New Hampshire, a stockbroker associated with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that McCune failed to follow the customer’s instructions of consulting one of her…

Karen Shaw Cunningham (also known as Karen Conley Shaw), of Oklahoma City, Oklahoma, a stockbroker associated with Kestra Investment Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested $150,000.00 in damages based upon allegations that Cunningham made an unsuitable recommendation of Noble Royalty Access Fund IV…

Mark Edward Jones, of Denver Colorado, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $70,026.00 in damages based upon allegations that Jones made misrepresentations and omissions of material fact when Jones was associated with Merrill…

Melissa Plotkin Spickler (also known as Melissa P. Plotkin and Melissa P. Pott), of Bloomfield Hills, Michigan, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on October 20, 2022, for $32,402.18 in damages based upon allegations that Spickler failed to…

Milind Pinak Dalal of San Jose, California, a stockbroker associated with Purshe Kaplan Sterling Investments, was the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Dalal provided “bad advice” concerning an “investment club,” Casa Blanca Investments, which appears to be a novel…

Paul N. Lekousis of LaGrange Park, Illinois, a stockbroker associated with Pruco Securities LLC, has been discharged by the securities broker dealer on June 22, 2023, based upon allegations that Lekousis submitted “non-authentic” electronic customer signatures on insurance policy applications. Supposedly, he reused a customer signature page during the time that filing a form and…

Richard S. Siminou of New York, New York, a stockbroker previously associated with Newbridge Securities Corporation, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Siminou engaged in excessive and unsuitable trading during the time that he was associated with Newbridge…

Robert Joseph Stransky Jr. (also known as Bobby Joseph Stransky Jr.), of Littleton, Colorado, a stockbroker associated with MWA Financial Services Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No….

Rodney Stuart Ferguson, of Chesterfield, Missouri, a stockbroker associated with NYLife Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $2,500,000.00 in damages. Ferguson allegedly provided unsuitable financial planning services and sold inappropriate fixed insurance policies and annuities between 2011…

Roy Alvin Williams Sr., of Stratford, Connecticut, a stockbroker associated with Center Street Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $42,000.00 in damages based upon allegations that Williams made unsuitable recommendations of GWG L Bonds when Williams was…

Thomas Ardavast Kudarauskas (also known as Tom Kudarauskas), of Atlanta, Georgia, a stockbroker associated with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Kudarauskas engaged in unsuitable recommendations and trading in…

Valentino Michael Scott of West Hills, California, a stockbroker associated with Centaurus Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages. According to the claim, Scott recommended a high-risk, complex, and illiquid corporate bonds or structured products during…

Andrew Matthew Polis, of Philadelphia, Pennsylvania, a stockbroker associated with Wells Fargo Advisors, was the subject of a customer initiated investment related complaint filed on July 18, 2023, in which the customer requested compensatory damages based upon allegations that Polis placed the customer in CDs that had a longer term than the customer asked for…

Anthony Lynn Cross (also known as Tony Cross), of Edmond, Oklahoma, a stockbroker associated with The O.N. Equity Sales Company (ONESCO), has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cross engaged in unauthorized trading in customer accounts. Letter of Acceptance,…

Arni Jay Diamond (also known as Arni Jat Diamond), of Jacksonville, Florida, a stockbroker registered with Kalos Capital Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diamond recommended and sold unregistered and unsuitable GPB Capital limited partnership interests to…

Christopher Booth Kennedy of Woodland Hills, California, a stockbroker registered with Western International Securities, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Kennedy based upon allegations that Kennedy engaged in churning of customer accounts. Department of Enforcement v. Christopher Booth…

Damian Mark Baird of Boston, Massachusetts, a stockbroker registered with Moors Cabot Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority in which the regulator is seeking sanctions against Baird based upon allegations that Baird failed to provide information and documents and had failed to testify in an investigation….

David Alan Harris of White Plains, New York, a stockbroker associated with Chester Harris Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $250,000.00 in damages based upon allegations that Harris made unsuitable recommendations of Puerto Rico bonds during the time…

Donald Norman Rich of Old Greenwich, Connecticut, a stockbroker associated with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Rich supposedly failed to follow the customer’s instructions “beginning in 2018.”…

Fermin Alberto Mesina of Chula Vista, California, a stockbroker associated with Infinex Investments Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 to $1,000,000.00 in damages based upon allegations that Mesina failed to perform adequate due diligence and concentrated a…

Henry Nathan Goodman of New York, New York, a stockbroker associated with UBS Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $225,000.00 in damages based upon allegations that Goodman made unsuitable recommendations and misrepresented information about an options overlay strategy…

John Andrew Rochester of Santa Fe, New Mexico, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $554,834.70 in compensatory damages because Morgan Stanley was held liable on the customer’s claims of breach of fiduciary…

John E. Pelletier of Wauwatosa, Wisconsin, a stockbroker registered with BMO Harris Financial Advisors Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pelletier based upon allegations that Pelletier engaged in unauthorized trading in the individual retirement account of a customer…

Justin Thomas Maher, of New Haven, Connecticut, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Maher engaged in undisclosed outside business activities related to crypto assets, and participated in private securities…

Joshua Aaron Green of New Port Richey, Florida, a stockbroker associated with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Green overconcentrated the customer in structured notes, which resulted in losses….

Kevin Thomas Dooley of Miami, Florida, a stockbroker associated with Equitable Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $98,400.00 in damages based upon allegations that Dooley made unsuitable recommendations of alternative investments between 2012 and 2014 when Dooley was…

Pierre Michael Hilario  of Milpitas, California, a stockbroker registered with NI Advisors, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hilario refused to comply with FINRA’s investigation into his involvement in private placement offerings. Letter of Acceptance, Waiver, and Consent No. 2020066757801 (August 17, 2023). According…

Mario Divita of Flushing, New York, a stockbroker associated with Traderfield Securities Inc., has been fined $75,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Divita failed to adequately supervise registered representatives’ proposed outside business activities. Letter of Acceptance, Waiver, and Consent No….

Michael Albert DiPietro (also known as Mike Albert DiPietro), of Pasadena, California, a stockbroker associated with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that DiPietro misrepresented equipment leasing and real estate…

Megurditch Patatian (also known as Mike Patatian), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Patatian made unsuitable recommendations to his customers. In the Matter of Department of Enforcement v. Patatian, Decision No. 2018057235801…

Rajvinder Singh Budwal of San Jose, California, a stockbroker associated with SagePoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $22,500.00 in damages based upon allegations that Budwal made unsuitable recommendations of an equity fund. Budwal was associated with SagePoint…

Robert Earl Stanlick, of Colorado Springs, Colorado, a stockbroker associated with Presidential Brokerage Inc. (also known as Forta Financial Group Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $34,000.00 in damages based on allegations that Stanlick engaged in breach of fiduciary…

Ronald Burton Smith, of Bordentown, New Jersey, a stockbroker registered with PTS Brokerage LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith made false statements to a PTS Brokerage LLC supervisor, used unauthorized means to communicate with customers, and refused to comply with FINRA’s requests…

Rodney Michael Ferruso (also known as Rod Ferruso), of Morgantown, West Virginia, a stockbroker registered with Osaic Wealth Inc. (previously known as Royal Alliance Associates Inc.), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ferruso refused to appear and testify in a FINRA investigation concerning allegations…

Walter Ickert, of Ridgeland, South Carolina, a stockbroker associated with IFP Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Ickert failed to conduct adequate due diligence, misrepresented an investment’s safety, failed to…

William Donovan Ard (also known as Bill Ard), of Short Hills, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ard made misrepresentations of material fact to a customer and had made…

Airung Liu, of Fremont, California, a stockbroker associated with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Liu made unsuitable recommendations of direct investments to the customer during the time that…

Chay Thomas Lapin, of Torrance, California, a stockbroker associated with WealthForge Securities, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Lapin failed to conduct reasonable due diligence, was negligent, made unsuitable recommendations, failed to…

Craig Sherman Thistlethwaite, of Perrysburg, Ohio, a stockbroker associated with Morgan Stanley, has been discharged by the securities broker dealer on January 17, 2023. The termination was based upon Thistlethwaite supposedly entering transactions in two related customers’ accounts without receiving verbal confirmation, purchasing a timeshare from a customer without firm approval, and engaging in unauthorized…

Damian Maggio, of Garden City, New York, a stockbroker and the Chief Executive Officer of Joseph Stone Capital L.L.C., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $354,994.55 in damages based upon allegations that Maggio failed to supervise certain representatives in…

David Edwin Alvarado, of New York, New York, a stockbroker formerly associated with SW Financial, also known as Saloman Whitney LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer seeks $30,000.00 in damages based upon allegations that Alvarado engaged in unsuitable, excessive, and unauthorized…

David Wayne Trusler, of Tulsa, Oklahoma, a stockbroker associated with NYLIFE Securities LLC, has been discharged by the securities broker dealer on March 23, 2023, based upon allegations that Trusler submitted life insurance applications with inaccurate financial information. The securities broker dealer referenced that a fraud report was filed with Oklahoma Department of Insurance. FINRA…

Ethan Christopher Martin, of Austin, Texas, a stockbroker associated with Charles Schwab Co. Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martin converted or stole or misappropriated funds from a brokerage account belonging to an older married couple. Letter of Acceptance, Waiver, and Consent…

Frank John Calise, of Scottsdale, Arizona, a stockbroker associated with Questar Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Calise engaged in misrepresentation, fraud, and breach of fiduciary duty in connection with the…

Geraldine Joyce Polvino, of Nicholasville, Kentucky, a stockbroker associated with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on December 5, 2022, for $40,000.00 in damages. The claim was based upon allegations that Polvino did not properly inform the customer about potential tax implications related to transferring funds…

Gregory Alan Jacobson, of Red Bank, New Jersey, a stockbroker associated with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,000.00 in damages based upon allegations that Jacobson made an unsuitable investment recommendation to the customer. FINRA Arbitration…

Gustavo Rodrigo III, of Boca Raton, Florida, a stockbroker associated with Westpark Capital Inc., has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he exercised discretion in a customer’s account without written authorization from the customer and without the securities broker dealer having accepted…

Jack Lewis Jones Jr. (also known as JJ Jones), of Houston, Texas, a stockbroker associated with Triad Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages. The claim alleged that Jones made unsuitable recommendations, failed to sufficiently disclose…

James William Tausz (also known as Jim Tausz), of Clarion, Iowa a stockbroker associated with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon alleged unsuitable recommendations, breach of contract, fraud, breach…

Jeffrey Kenneth Kirkpatrick, of Dacula, Georgia, a stockbroker associated with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kirkpatrick falsified a wire transfer request form and caused his firm to maintain incomplete and inaccurate records and books….

Jerry Thomas Bileski (also known as Jay Bileski), of Garden City, New York, a stockbroker associated with Worden Capital Management LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Bileski failed to supervise certain representatives in connection with the…

John Brendan Dobbertin of Fayetteville, New York, a stockbroker associated with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $19,500.00 in damages based upon allegations that Dobbertin violated FINRA suitability rules, acted negligently, made misrepresentations and omissions…

John James Forster, of Washington, DC, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $272,000.00 in damages based upon allegations that Forster failed to act in the customer’s best interest and…

Joshua Houston Westerman, of Fort Lauderdale, Florida, a stockbroker formerly registered with Morgan Stanley, was discharged on July 24, 2023. The termination followed allegations that he engaged in unauthorized communications with customers about firm-related business. There were also allegations concerning Westerman’s activity related to his former girlfriend’s credit line and external brokerage account, as well…

Karla Ranger Moons (also known as Karla Dawn Ranger), of Mobile, Alabama, a stockbroker previously associated with Concourse Financial Group Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Moons failed to respond to FINRA requests for information. Case No. 2022075810901 (July 17, 2023). FINRA initially…

Kwame Adusei, of Poughkeepsie, New York, a stockbroker associated with Morgan Stanley Wealth Management (MSWM), was permitted to resign on July 24, 2023. This resignation was based on a customer alleging that Adusei encouraged her to take part in an outside residential property investment. The customer reportedly claimed that Adusei conducted “unauthorized trading” in her…

Larry Richard Law, of Irvine, California, a stockbroker associated with JRL Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $400,000.00 in damages based upon alleged unsuitable trading, misrepresentation and omission of material facts, negligence, and breach of fiduciary duty…

Leslie Don Jackson (also known as Les Jackson), of Dallas, Texas, a stockbroker associated with Momentum Independent Network Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jackson engaged in unapproved private securities transactions during the time that he was associated with Momentum Independent Network…

Mark Alan Thompson of Atlanta, Georgia, a stockbroker associated with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $172,500.00 in damages based upon allegations that Thompson provided unsuitable recommendations, was negligent, and caused the customer’s account to be overconcentrated in certain…

Matthew Thomas Lawson, of Chattanooga, Tennessee, a stockbroker associated with Raymond James Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Lawson made misrepresentations of material fact about a trust account. The customer…

Patricia Lynn Sans (also known as Patricia Lynn Coleman), of West Palm Beach, Florida, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $240,000.00 in damages. The customer alleged that Sans made unsuitable recommendations of options, municipal…

Ralph Siegfried Waller, of Peachtree City, Georgia, a stockbroker associated with Woodbury Financial Services, was referenced in a customer initiated investment related complaint filed on January 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Waller failed to act in the customer’s best interest when recommending a variable annuity redemption…

Richard Duane Mukomela (also known as Rick Mukomela), of Minnetonka, Minnesota, a stockbroker associated with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Mukomela misrepresented a real estate investment trust (REIT)…

Ronald L. Bucher (also known as Ron Bucher), of Fort Myers, Florida, a stockbroker associated with Pinnacle Investments LLC, was the subject of a customer initiated investment related complaint in which the customer requested $77,772.32 in damages. The customer claimed that Bucher engaged in unauthorized and unsuitable trading in stocks and equities. This complaint was…

Timothy Joseph Scanlon of Scottsdale, Arizona, a stockbroker associated with Arque Capital Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $230,208.89 in damages based upon alleged breach of fiduciary duty, breach of contract, negligence, and violation of state and federal securities laws,…

William Bradley Humbarger, of Sunflower County, Mississippi, a stockbroker associated with NYLIFE Securities LLC, was the subject of a customer initiated investment related civil action that was settled for $120,000.00 in damages. The customer claimed that Humbarger provided unsuitable investment advice and inaccurate information concerning the customer’s insurance policy when Humbarger was associated with NYLIFE…

The Securities and Exchange Commission charged Ronald E. Filoramo, a former securities broker and investment adviser representative for Morgan Stanley Smith Barney, with stealing $761,000 from two long-standing customers. According to the SEC’s complaint: Filoramo, of Coral Springs, Florida, stole the investment funds from his customers’ accounts over nearly a five-year period and used the…

Arthur Gilbert Faren of Fort Lauderdale, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,500.00 in damages based upon allegations that Faren did not follow the customer’s instructions regarding stop limit orders when Faren…

Brent William Makarczyk, of Kingston, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $54,500.00 in damages based upon allegations that Makarczyk made unsuitable recommendations of real estate securities, life insurance products, and variable…

Clayton Kwok Shum, of Burlingame, California, a stockbroker registered with Grove Point Investments LLC, has been discharged by the securities broker dealer on January 12, 2023, based upon allegations that Shum engaged in unapproved customer-related financing activities and did not report customer complaints. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that Shum is…

Daniel Joe Baldwin of Walnut Creek, California, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Baldwin made misrepresentations of material fact in connection with the sale of corporate…

Donald Trendley McKiernan of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that McKiernan failed to supervise certain representatives’ GWG L Bond sales resulting in misappropriation when McKiernan…

Gary James Najarian, of West Newton, Massachusetts, a stockbroker registered with Perpetual Financial, has been fined $72,500.00 by Florida Office of Financial Regulation because Najarian made investment recommendations to customers without having registration in the state. Order No. 112091-SR (February 15, 2023). Najarian also consented to a Cease and Desist order. Financial Industry Regulatory Authority…

Jack Ryan Riley, of Warren, New Jersey, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,450,000.00 in damages based upon allegations that Riley made misrepresentations of material fact and made unsuitable recommendations of…

James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties,…

Jeffrey Allen Morris of Estes Park, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Morris made unsuitable recommendations and was negligent in connection with the…

John Richard Matheis (also known as J. Richard Matheis and as Ric Matheis), of Overland Park, Kansas, a stockbroker formerly registered with Union Capital Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to testify in an investigation into his potential sales practice violations…

Jorge Miguel Alvarez, of Miami, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $293,000.00 in damages based upon allegations that Alvarez made unsuitable recommendations of Guaranteed Investment Contracts or GICs when Alvarez was…

Joseph Corey Quintons, of Alpharetta, Georgia, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quintons failed to cooperate during an investigation into his potential violations of FINRA rules relating to regulatory disclosures. Letter of Acceptance, Waiver, and Consent…

Kevin Joseph Carroll of Glastonbury, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member because he borrowed a customer’s funds and engaged in unauthorized trading in unit investment trusts during the time that he was associated…

Kimberlee Marie Orth (also known as Kim Kais and Kimberlee Kais), of Wilmington, Delaware, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on June 14, 2022, for $41,642.25 in damages based upon allegations that Orth provided inaccurate information to the customer concerning…

Lilia Nia (also known as Lilia Niyazova), of Fairfield, New Jersey, a stockbroker registered with Purshe Kaplan Sterling Investments Inc. (PKS), has been fined $5,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Nia engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent…

Mark Wilkinson Richards (also known as Mark Dickey), of Albuquerque, New Mexico, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $220,000.00 in damages based upon allegations that Richards made omissions of material fact in…

Michael John Wagner of Atlanta, Georgia, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that Wagner engaged in unsuitable trading in options during the time that Wagner was associated with…

Nicholas Randolph Radke Jr. (also known as Randy Radke), of Lake Oswego, Oregon, a stockbroker registered with American Independent Securities Group LLC, has been fined $60,000.00 by Oregon Division of Financial Regulation because Radke made omissions and misrepresentations of material fact. Consent Order No. S-19-0040 (May 11, 2021). The Oregon Division of Financial Regulation initiated…

Rami Sassoon (also known as Rami Sela and Ram Sassen), of New York, New York, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Sassoon made unsuitable recommendations…

Ronald Matthew Hoyle (also known as Ron Hoyle), of Tomball, Texas, a stockbroker registered with J.W. Cole Financial Inc., is the subject of a customer initiated investment related complaint filed on May 2, 2023, in which the customer requested $33,000.00 in damages based upon allegations that Hoyle made unsuitable recommendations of variable annuities during the…

Scott Dale Syde (also known as Scott Dale Syde), of Bloomington, Minnesota, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related civil action that was settled for $150,000.00 in damages based upon allegations that Syde, now deceased, managed a private investment account for the customer during the…

Shawn David Bumgardner of Southgate, Michigan, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Bumgardner made unsuitable recommendations of variable annuities when Bumgardner was associated with…

Thomas Marion McDonald, of Cleveland, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related complaint that was settled on March 14, 2023, for $262,500.00 in damages based upon allegations that McDonald made omissions of material fact in connection with the sale of private placements when McDonald was…

Troy Jason Goldberg, of Boca Raton, Florida, a stockbroker registered with National Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Goldberg made unsuitable recommendations of private placements when Goldberg was associated with National…

Virgil Arthur Biggs, of Saranac, Michigan, a stockbroker registered with Avantax Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Biggs made unsuitable recommendations of over-the-counter equities and direct investments when Biggs was…

Wesley Howard Triani (also known as Wes Triani), of Hauppauge, New York, a stockbroker formerly registered with Equity Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023078620901 (Aug. 23,…

Monmouth Capital Management LLC, a securities broker dealer headquartered in Point Pleasant Beach, New Jersey, has been expelled from Financial Industry Regulatory Authority (FINRA) membership because it churned customer accounts and failed to supervise certain representatives, resulting in losses to customers. Letter of Acceptance, Waiver, and Consent No. 2022076459303 (July 6, 2023). Between August of…

Network 1 Financial Securities Inc., a securities broker dealer headquartered in Red Bank, New Jersey, as well as stockbroker and Chief Compliance Officer, Michael Robert Molinaro, have been sanctioned by Financial Industry Regulatory Authority (FINRA) because Network 1 Financial Securities Inc. and Molinaro failed to supervise suitability of securities transactions in customer accounts. Letter of…

Aaron Brian Graham of Salt Lake City, Utah, a stockbroker registered with United Planners Financial Services of America, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Graham breached a contract, violated FINRA rules, made unsuitable investment…

Alexis Ann Intili of Staten Island, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on July 16, 2020, for compensation based upon allegations that Intili misled the customer about the rate of return on variable annuities when Intili was associated…

Christopher Francis Harrington Jr. of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been fined $11,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Harrington generated excessive fees and made unsuitable investment recommendations. Letter of Acceptance, Waiver,…

Colin Christy Kelty of Oak Brook, Illinois, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $240,000.00 in damages based upon allegations that Kelty failed to execute or follow instructions regarding the liquidation of…

Daniel Robert Murray of Brewster, New York, a stockbroker registered with Network 1 Financial Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,900.00 in damages based upon allegations that Murray made unsuitable recommendations of non-traded Real Estate Investment Trusts or…

Delio Eduardo Londono (also known as Del Londono) of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $395,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made either misrepresentations…

Elvis Beslagic of Oak Brook, Illinois, a stockbroker registered with TD Ameritrade Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Beslagic mismanaged investment accounts in connection with the sale of options during the…

Henry Joseph Cormier of Farmington, Connecticut, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on January 31, 2022, for $41,277.44 in damages based upon allegations that Cormier engaged in unauthorized trading in over-the-counter equities when Cormier was associated with Ameriprise Financial Services…

James Anthony Davenport of Winston-Salem, North Carolina, an investment advisor representative of JT Stratford LLC, was the subject of a customer initiated investment related complaint that was settled on January 20, 2023, for $12,000.00 in damages based upon allegations that Davenport made unsuitable recommendations and failed to execute stop-loss orders when Davenport was associated with…

James Thaddeus Walesa of Park Ridge, Illinois, a stockbroker registered with Arkadios Capital, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Walesa made unsuitable recommendations of alternative investments during the time that Walesa was…

Jeffrey David Stanga of Mission Viejo, California, a stockbroker registered with FMN Capital Corporation, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stanga engaged in private securities transactions and engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…

John Joseph Pasacreta Jr. (also known as John Charles Pasacreta), of Greenwich, Connecticut, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related complaint filed on May 31, 2023, in which the customer requested $58,826.10 in damages based upon allegations that Pasacreta made misrepresentations of material fact…

Joseph Brian Lascala Jr. (also known as Joe Lascala), of Melville, New York, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on March 15, 2023, in which the customer requested compensation based upon allegations that Lascala engaged in unauthorized trading during the time that Lascala…

Linda Jill Wimsatt (also known as Linda Jill Eblowitz) of Carlsbad, California, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $30,000.00 in damages based upon allegations that Wimsatt failed to supervise certain representatives, breached…

Martin Adalbert Klein III, of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $10,000,000.00 in damages based upon allegations that Klein made unsuitable recommendations of government bonds when Klein was…

Matthew Wayne Shaughnessy (also known as Matthew Shughnessy), of Henderson, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 23, 2023, in which the customer requested $200,000.00 in damages based upon allegations that Shaughnessy made misrepresentations of material fact and made unsuitable…

Michael Richard Rosalia of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rosalia failed to comply with an arbitration award or settlement agreement or otherwise confirm compliance with FINRA Arbitration No. 21-02186 (February 8,…

Raymond William Clark of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Clark failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent…

Robert Anthony Westropp Jr, of Chicago, Illinois, a stockbroker registered with Sanford C. Bernstein Co. LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $110,000.00 in damages based upon allegations that Westropp made unsuitable recommendations of alternative investments when Westropp was associated…

Shomir Mukherjee (also known as Shomir Singh), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Mukherjee made unsuitable recommendations of corporate bonds when Mukherjee was associated…

Tammie Lyn Farrell (also known as Tammie Burk and Tammie Brown), of Franklin, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Farrell committed fraud,…

Timothy James Breslin of Bryn Mawr, Pennsylvania, a stockbroker registered with Raymond James Associates and B. Riley Wealth Management, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Breslin provided false or misleading information to FINRA during the time that it investigated possible violations of FINRA rules….

Troy Thomas of Huntington Beach, California, a stockbroker registered with McDermott Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Thomas committed fraud, failed to supervise certain representatives, was negligent, breached his fiduciary duties,…

William Sideny Friedman (also known as Willie Friedman and Bill Friedman), of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Friedman breached a contract, breached his…

Andrew George Gergatsoulis (also known as Andrew Geratsoulis), of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,750.00 in damages based upon allegations that Gergatsoulis made unsuitable investment recommendations and breached…

Christopher John McCaffrey of Napa, California, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that McCaffrey made unsuitable recommendations of options when McCaffrey was associated with Morgan Stanley. FINRA Arbitration…

Daniel Arthur Evans of Seattle, Washington, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $10,000,000.00 in damages based upon allegations that Evans made unsuitable investment recommendations when Evans was associated with Wells…

Daniel Schiffer Terry of Big Rapids, Michigan, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on April 28, 2023, for $8,612.70 in damages based upon allegations that Terry failed to follow instructions concerning the liquidation of securities during the time that Terry was associated…

David Jeffrey Morris of Chicago, Illinois, a stockbroker registered with Stifel Nicolaus Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morris failed to respond to FINRA’s request for information. Letter No. 2022076282101 (May 3, 2023). In January of 2023, FINRA initiated regulatory actions against…

Donald Ernest Leitzell of State College, Pennsylvania, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint filed on September 8, 2021, in which the customer requested $19,648.00 in damages based upon allegations that Leitzell made unsuitable recommendations of stocks during the time that Leitzell was associated…

Ernest Sean Mishne of Beachwood, Ohio, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $192,746.31 in compensatory damages because Mishne and Oppenheimer Co. Inc.  were held liable on the customer’s claims which included…

Howard Hao-Chung Hsieh of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Hsieh was negligent, breached his fiduciary duties, overconcentrated accounts in certain investments, and made…

James Bernard Plummer of Oakdale, Pennsylvania, an investment advisor representative of ILG Private Wealth Inc., has been fined $22,500.00 by Florida Office of Financial Regulation because Plummer made investment recommendations to investors without being registered in the state. Order No. 114418-SR (May 23, 2023). Plummer also consented to a Cease and Desist order. Financial Industry…

Jason Leonard Garofalo of Las Vegas, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Garofalo made unsuitable recommendations of Hospitality Investor’s Trust and Inventrust Real…

Jeffrey Martin Tabman of Woodbury, New York, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on January 12, 2023, in which the customer requested compensation based upon allegations that Tabman made unsuitable recommendations of mutual funds when Tabman was associated with Equitable Advisors LLC. The…

Jon Oscar Laurell of East Harwich, Massachusetts, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Laurell made unsuitable recommendations of municipal bonds when Laurell was associated with…

Joseph Paul McErlean of West Chester, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC, was been permitted to resign on September 30, 2021, based upon allegations that McErlean submitted beneficiary documents in violation of company policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that McErlean is referenced in four customer initiated investment related…

Keith Wayne Patterson of Sugar Land, Texas, a stockbroker registered with Investacorp Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Patterson was negligent, breached his fiduciary duties, and breached a contract in connection with…

Lickhai Quach (also known as Khai Quach), of Rockville, Maryland, a stockbroker registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quach failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance,…

Lowell Vincent Kruger of Bloomington, Minnesota, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related complaint filed on December 28, 2022, in which the customer requested compensation based upon allegations that Kruger made unsuitable recommendations of variable annuities during the time that Kruger was associated with Avantax…

Mary Ann Dineen (also known as Mary Ann Rose and Mary Ann Hicks), of Bonita Springs, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $540,000.00 in damages based upon allegations that Dineen…

Maury Edward Lomax of Mobile, Alabama, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that Lomax’s investment strategy was not in the customer’s best interest during the time that…

Michael Steven Yarus (also known as Michael Steven Yarus), of Paramus, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, has been discharged by the securities broker dealer on January 25, 2023, based upon allegations that Yarus engaged in unauthorized trading. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Yarus is referenced…

Philip Scott Bradshaw of San Diego, California, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on February 13, 2023, in which the customer requested compensation based upon allegations that Bradshaw made misrepresentations of material fact in connection with the sale of mutual funds…

Richard Joseph Dellarusso (also known as Rick Dellarusso and Ricky Dellarusso), of New York, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Dellarusso made misrepresentations…

Roderick Rodriguez (also known as Roderick Rodriquez), of Bronx, New York, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Rodriguez overconcentrated accounts in real estate securities when…

Ryan David Meeks of Bozeman, Montana, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,000,000.00 in damages based upon allegations that Meeks provided wrong tax advice to the customer when Meeks was associated with D.A….

Scott Ari Shaw of Philadelphia, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related civil action that was settled for $30,000.00 in damages based upon allegations that Shaw failed to respond to requests for information about a life insurance policy, resulting in the lapse of the policy….

Shane Boehm of Spokane, Washington, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested $1,500,000.00 in damages based upon allegations that Boehm made unsuitable recommendations of Real Estate Investment Trusts or REITs during the time that Boehm was associated with…

Sonia Maria Attkiss (also known as Sonia Tron), of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $525,000.00 in damages based upon allegations that Attkiss made misrepresentations of material…

Suihock Goy of Milpitas, California, a stockbroker registered with Ni Advisors Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 to $500,000.00 in damages based upon allegations that Goy breached a contract and breached his fiduciary duties in connection with…

Somboun Thao (also known as Som Thao), of Madison, Wisconsin, a stockbroker registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Thao failed to respond to FINRA’s request for information. Letter No. 2022074049801 (February 6, 2023). On November 2, 2022, FINRA…

Thomas Edward Jandt, of Irvine, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $825,000.00 in damages based upon allegations that Jandt breached his fiduciary duties, made unsuitable recommendations, churned accounts, and made misrepresentations of…

Syauching Hung (also known as June Hung), of Diamond Bar, California, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $100,000.00 in damages based upon allegations that Hung made unsuitable recommendations and…

Timothy L. Johnson, of Willmar, Minnesota, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $164,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of variable annuities when Johnson was associated with Cetera…

Vincent Pucciarelli Jr. (also known as Vincent Puccarelli), of Woodbridge, New Jersey, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pucciarelli failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter…

William Colin Seibert, of Houma, Louisiana, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Seibert made unsuitable recommendations of stocks when Seibert was associated with Raymond James Associates…

LPL Financial, a securities broker dealer now headquartered in Fort Mill, South Carolina, was censured and fined $3,000,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise certain representatives, resulting in their conversion of customer funds. Letter of Acceptance, Waiver, and Consent No. 2020067897601 (July 25, 2023). Between May of 2018 and…

Andrew Fredric Perry of Margate, New Jersey, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $310,000.00 in damages based upon allegations that Perry made unsuitable recommendations and misrepresentations of material fact in connection with…

Charles Raymond Weldon of Boca Raton, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon Weldon’s investment strategy at Independent Financial Group LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00589 (March 9,…

Conrad Aaron Coggeshall of Scottsdale, Arizona, a stockbroker registered with Packerland Brokerage Services Inc., was the subject of an enforcement action initiated by SEC in which the regulator barred Coggeshall based upon allegations that Coggeshall committed fraud. In the Matter of Conrad A. Coggeshall, Administrative Proceeding No. 3-20142 (May 10, 2023). Coggeshall was accused of…

Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of promissory notes in Spyglass during the time that Bonney was…

Darren Michael Kubiak of Alpharetta, Georgia, a stockbroker registered with Kalos Capital Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Kubiak based upon allegations that Kubiak failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Department…

David Harrison Miller of Atlanta, Georgia, a stockbroker registered with PeachCap Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Miller failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was associated with PeachCap Securities…

Eduardo Andrew Martinez (also known as Andrew Martins and Andrew Martin), of New York, New York, a stockbroker registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $33,269.42 in damages based upon allegations that Martinez engaged in unauthorized trading, breached fiduciary…

Eric Ryan Tartaglione, of Woodbridge, New Jersey, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tartaglione failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was…

Gregory Edward Collins (also known as Greg Collins), of East Greenbush, New York, a stockbroker registered with LPL Financial LLC, has been fined $12,500.00 and suspended for six months by FINRA because Collins engaged in private securities transactions and outside business activities during the time that he was associated with LPL Financial. Letter of Acceptance,…

Gregory Robert Sain of Los Angeles, California, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related complaint that was settled on June 13, 2023, for $26,250.00 in damages based upon allegations that Sain made unsuitable recommendations of structured notes during the time that Sain was registered with…

Ivan Richard Gefen of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,200,000.00 in damages based upon allegations that Gefen breached a contract, committed fraud, was negligent, and breached fiduciary duties in connection with the…

Jack Matthew Cayce, of Atlanta, Georgia, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cayce made unsuitable recommendations and failed to perform due diligence on GPB Automotive securities during the time that…

James Floyd Garraway III (also known as Trey Garraway), of Hattiesburg, Mississippi, a stockbroker registered with Thrivent Investment Management Inc., has been fined $5,000.00 and suspended for six months by FINRA because Garraway placed false customer signatures on account documents during the time that he was associated with Thrivent Investment Management Inc. Letter of Acceptance,…

Jeremiah Roman of Coral Springs, Florida, a stockbroker registered with PFS Investments Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Roman engaged in private securities transactions or selling away during the time that he was associated with PFS Investments…

Joseph Francis Bartosiewicz Jr. of Stamford, Connecticut, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bartosiewicz failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules during the time that…

Joseph Michael Todd of Crystal River, Florida, a former Centaurus Financial Inc. stockbroker and an owner of Todd Financial Services LLC, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Todd based upon allegations that Todd misappropriated funds and committed fraud. SEC v. Joseph Michael Todd, Complaint…

Lynn Witherspoon Bryant (also known as Deborah Lynn Bryant), of Hurst, Texas, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bryant failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during…

Murat Kartal of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for ten months by FINRA because Kartal engaged in excessive trading or churning during the time that he was associated with Spartan Capital Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2018056490306 (July 17, 2023). Between…

Peter Dieter Nett of The Woodlands, Texas, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $30,000.00 in compensatory damages because Ameriprise Financial Services LLC was held liable on the customer’s claims which included that its stockbroker made…

Philip Paul Wright of Eden Prairie, Minnesota, a stockbroker registered with BrokerBank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wright allowed someone without FINRA registration to conduct securities business through their participation in preferred share and bond sales to customers. Default Decision No….

Richard Lynn Goldston of Fort Scott, Kansas, a stockbroker registered with Edward Jones, is the subject of a customer initiated investment related complaint filed on June 8, 2023, in which the customer requested $41,000.00 in damages based upon allegations that Goldston “borrowed” customer funds and committed fraud in connection with the sale of investments during…

Robert Charles Starnes of Wauwatosa, Wisconsin, a stockbroker registered with SA Stone Wealth Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Starnes failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was associated with…

Robert Spencer Gerstein of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been fined $5,000.00 and suspended for six months by FINRA because Gerstein engaged in the unsuitable short term trading of mutual funds during the time that he was associated with Merrill Lynch. Letter of Acceptance, Waiver,…

Scott Allen Royal, of Omaha, Nebraska, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $6,000,000.00 in damages based upon allegations that Royal breached a contract, breached fiduciary duties, and made unsuitable recommendations of variable life insurance…

Sean Michael Kane, of York, Pennsylvania, a stockbroker registered with Waddell Reed, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Kane based upon allegations that Kane breached fiduciary duties and committed fraud. SEC v. Sean Michael Kane, Complaint No. 1:23-cv-00371 (March 1, 2023). According to…

Anthony Lynn Cross (also known as Tony Cross), of Edmond, Oklahoma, a stockbroker registered with The ON Equity Sales Company (ONESCO), has been suspended as a stockbroker for ten days by Oklahoma Department of Securities because Cross engaged in discretionary trading. Consent Order No. 20-011 (August 26, 2021). Oklahoma Securities Department claimed that Cross made…

Biaggio Anthony Caroleo (also known as Blaise Anthony Caroleo), of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $264,475.00 in damages based upon allegations that Caroleo was negligent, engaged in unauthorized…

Billy Pascal Stanage Jr. of Rio Rancho, New Mexico, a stockbroker registered with Commonwealth Financial Network, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stanage failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of…

Bret Clinton Schaefer (also known as Bret Clinton Shaefer), of Greenville, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on May 24, 2023, for $53,114.00 in damages based upon allegations that Schaefer made unsuitable recommendations of variable annuities when Schaefer was…

Carmine Anthony Berardi (also known as Carl Berard), of Red Bank, New Jersey, a stockbroker registered with First Standard Financial Company LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $281,500.00 in compensatory damages because Berardi was held liable on…

David Grant Conrad Morgan (also known as Joseph Edward Schepise), of South Norwalk, Connecticut, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Morgan made unsuitable recommendations of over-the-counter…

David Lee Hutchinson, of Bellevue, Washington, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Hutchinson made misrepresentations of material fact in connection with the sale of mutual funds when Hutchinson was…

David Richard Geake, of Northbrook, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Geake engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021072679901 (July 10, 2023). In September 2018, Ausdal Financial Partners disclosed…

Dominic Joseph Carlo, of New York, New York, a stockbroker registered with National Securities Corporation, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carlo engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2021070378301 (July 5, 2023). According to the AWC,…

Eugene Hyunwook Kim (also known as Gene Kim), of Red Bank, New Jersey, a stockbroker registered with National Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Kim based upon allegations that Kim “misappropriated” funds. Department of Enforcement v. Eugene…

Gustavo Santos Miramontes, of Los Angeles, California, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related complaint that was settled on October 14, 2022, for $7,957.00 in damages based upon allegations that Miramontes engaged in unauthorized and unsuitable trading in stocks and mutual funds when Miramontes was associated…

James Petrizzo, of Boulder City, Nevada, a stockbroker registered with CUNA Brokerage Services Inc, has been denied registration by Wisconsin Office of the Commissioner of Insurance. Decision No. 21-C044204 (October 7, 2021). Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Petrizzo has also been fined $35,000.00 by Nevada Securities Division because Petrizzo submitted a…

Jason Steven Hawke, of Meridian, Idaho, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that Hawke made unsuitable recommendations of private placements during the time that Hawke was associated…

John Clifford Park, of Sioux Falls, South Dakota, a stockbroker registered with FBL Marketing Services LLC, has been barred by Securities and Exchange Commission (SEC) because Park committed forgery. In the Matter of John Clifford Park, Order No. 3-20399 (July 16, 2021). SEC noted that on January 6, 2020, South Dakota’s Insurance Division (SDID), in…

John James Hoidas, of Skokie, Illinois, a stockbroker registered with Uhlmann Price Securities LLC (UPS), has been fined $40,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hoidas made unsuitable recommendations and caused the securities broker dealer to maintain false records or books. Letter…

John Kevin Barrett, of Westlake Village, California, a stockbroker registered with Emerson Equity LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barrett failed to respond to FINRA’s request for information. Letter No. 2020066078201 (July 26, 2021). FINRA sent Barrett suspension notices on April 21, 2021,…

Luke Michael Johnson, of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Johnson based upon allegations that Johnson made unsuitable recommendations. Department of Enforcement v. Luke Johnson, Complaint No. 2019061213402 (July 12,…

Nisreen Nina Kallabat Byrne (also known as Nisreen Diazakallabat and Nina Kallabatdaiza), of Bloomfield Hills, Michigan, a stockbroker registered with JP Morgan Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Byrne made…

Nordo Mauro Nissi, of Boston, Massachusetts, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Nissi made misrepresentations and omissions of material fact, committed fraud, made unsuitable recommendations, and failed…

Preston Jason Bellaire, of Orlando, Florida, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Bellaire made misrepresentations of material fact about risks in connection with the sale…

Robert C. David Jr., of Farmington Hills, Michigan, a stockbroker registered with Morgan Stanley, has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because David falsified customer information. Letter of Acceptance, Waiver, and Consent No. 2019062180701 (April 7, 2022). On April 2,…

Robert Wyla Melberth (also known as Rob Melberth), of Sarasota, Florida, a stockbroker registered with Emerson Equity LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,276,000.00 in damages based upon allegations that Melberth committed fraud, violated state securities laws, breached…

Steven Andrew Hill (also known as Andy Hill), of Atwater, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Hill made misrepresentations of material fact in connection…

Thomas Phillip Simpson, of Clifton, Texas, a stockbroker registered with Farmers Financial Solutions LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Simpson failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….

Yuting Cheng, of Rowland Heights, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that Cheng made unsuitable recommendations of direct investments (LP interests and DPP interests)…

Abbe Jan Wollins of Boca Raton, Florida, a stockbroker registered with David Lerner Associates Inc. (DLA), has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wollins made unsuitable recommendations. Letter of Acceptance, Waiver, and Consent No. 2019063686205 (June 20, 2023). According…

Brad Michael Jacobson of Linwood, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jacobson failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of…

Brandon Leon of New York, New York, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,700.00 in damages based upon allegations that Leon made unsuitable recommendations of private placements when Leon was associated with National Securities Corporation. Financial…

Brian E. Patterson of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,750.00 in damages based upon allegations that Patterson made unsuitable recommendations of Real Estate Investment Trusts (“REITs”) during the time that Patterson was associated with Equitable…

Corey Jon Engelhard of Plantation, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on October 10, 2022, in which the customer requested compensation based upon allegations that Engelhard made unsuitable recommendations of unit investment trusts (“UITs”) during the time that Engelhard was associated with Morgan…

Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan), of Tustin, California, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $136,900.00 in damages based upon allegations that Couyoumjian engaged in unsuitable trading in Real Estate Investment Trusts…

Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of private securities, including Spyglass and MERCO during the time that…

Dennis Michael Williams, of Kansas City, Missouri, a stockbroker registered with Morgan Stanley Smith Barney LLC, has been fined $4,250.00 by Florida Office of Financial Regulation because Williams gave indvidiudals investment advice without registration. Order No. 112044-SR (December 13, 2022). In December of 2022, the regulator determined that Williams violated Florida Statute Section 517.12(4), because…

Douglas Blake Solinsky of New York, New York, a stockbroker registered with Newbridge Securities Corporation, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Solinsky engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2019064511203 (June 29,…

Helen Grace Caldwell of Chicago, Illinois, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA’s investigation into her potential outside business activities. Letter of Acceptance, Waiver,…

Henry Jihua Liu of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Liu made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of alternative…

Jason Kemble Adams of Atlanta, Georgia, a stockbroker registered with JP Morgan Securities LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Adams engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078823301 (June 20,…

Jason Ryan Jaynes of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,850,000.00 in damages based upon allegations that Jaynes made misrepresentations of material fact and made unsuitable recommendations of commodities when Jaynes was…

John Mark Molskness of Carmel, Indiana, a stockbroker registered with Valic Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Molskness failed to respond to FINRA’s request for information. Letter No. 2021070932001 (September 6, 2022). Based on FINRA Suspension Notices sent on June 1…

Jonathan Walter Way  of Napa, California, a stockbroker registered with Wedbush Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Way failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076025501…

Lawrence Charles Barrett (also known as Lawrence Barrett DiBartolomeo), of Orange Village, Ohio, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $30,000.00 in damages based upon allegations that Barrett made unsuitable investment recommendations of oil and gas…

Mario Everildo Rivero Jr., of Red Bank, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC and LPL Financial LLC, has been barred as a stockbroker by Securities and Exchange Commission (SEC) because Rivero pled guilty to federal fraud charges. In the Matter of Mario E. Rivero, Order No. 3-21352 (March 28, 2023)….

Maurice Lawrence Naylon III of Buffalo, New York, a stockbroker registered with Lincoln Financial Advisors Corporation, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Naylon engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2021071098801…

Phillip Oxford Sherrill of Cornelius, North Carolina, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $595,000.00 in damages based upon allegations that Sherrill made unsuitable investment recommendations of oil and gas investments and direct investments when Sherrill was…

Randall George Skrabonja of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Skrabonja failed to provide information and documents to FINRA when it investigated possible violations of FINRA Rules. Letter of Acceptance, Waiver, and Consent…

Raymond Sardina of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Sardina made unsuitable recommendations of stocks during the time that Sardina was associated with Raymond James…

Rogerio T. Almeida (also known as Rogerio De Almeida Filho), of Orange City, Florida, a stockbroker registered with Edward Jones, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Almeida engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…

Ron Keith Phillips of Walnut Creek, California, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Phillips mismanaged investment accounts when Phillips was associated with Morgan Stanley Smith Barney LLC. Financial…

Ronald Joseph Sagasser (also known as Ron Sagasser), of Miamisburg, Ohio, a stockbroker registered with W&S Brokerage Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sagasser failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…

Sevag Raffi Haddadian, of Brea, California, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Haddadian failed to respond to FINRA’s request for information. Letter No. 2022073907601 (January 23, 2023). FINRA’s bar followed its Suspension Notice and Suspension…

Steven Christopher Lovell of Columbus, Ohio, a stockbroker registered with Key Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 17, 2023, for compensation based upon allegations that Lovell made omissions of material fact about the surrender charges on variable annuities during the time that Lovell…

Surage Kamal Roshan Perera, of Melville, New York, a stockbroker registered with Aegis Capital Corp. is the subject of an enforcement action initiated by the United States Securities & Exchange Commission in which the regulator is seeking sanctions against Perera based upon allegations that Perera committed fraud and misappropriated funds. SEC v. Surage Kamal Roshan…

William Walter Leboeuf (also known as Bill Le Boeuf), of Beavercreek, Ohio, a stockbroker registered with Cetera Adviser Networks LLC, has been suspended by the state of Ohio because Leboeuf engaged in an undisclosed outside business activity and engaged in private securities transactions. Order No. 22-007 (May 18, 2022). This is not the first time…

Joseph Michael Todd of Panama City, Florida, formerly associated with Centaurus Financial, Inc., partially settled charges that through Todd Financial Services, defrauded at least twenty of his brokerage customers of at least $3 million, most of whom were senior citizens, retirees, or individuals with disabilities. Securities and Exchange Commission v. Joseph Michael Todd, et al.,…

Andrew Benjamin Edenbaum, of Aventura, Florida, a stockbroker formerly registered with Oppenheimer & Co., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Edenbaum failed to comply with an arbitration award obtained against by Oppenheimer & Co.  FINRA Arbitration No. 20-00055 (June 21, 2022). However, only two…

Anthony Michael Gallea of Hendersonville, North Carolina, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Gallea made unsuitable recommendations of options when Gallea was registered with Morgan Stanley. Financial Industry Regulatory Authority (FINRA)…

Azmi P. Sharif of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on December 20, 2022, based upon allegations that Sharif engaged in an undisclosed outside business activity. The securities broker dealer stated that Sharif inadequately disclosed his business activities and had taken part in undisclosed…

Brody Ralph Bray of Atlanta, Georgia, a stockbroker registered with American Portfolios Financial Services Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bray engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2021072323701 (May…

Charles Schwab Co. Inc., a securities broker dealer headquartered in Westlake, Texas, has been censured and fined $350,000.00 by Financial Industry Regulatory Authority (FINRA) because it omitted important information concerning customers’ purchases of exchange traded notes. Letter of Acceptance, Waiver, and Consent No. 2020068047101 (June 8, 2023). According to the AWC, between January of 2016…

Wray Rodgers of Memphis, Tennessee, a stockbroker registered with Vining Sparks IBG LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rodgers failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2023078315401 (June 7,…

Daniel Edward Brunette (also known as Dan Brunette), of Indianapolis, Indiana, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related complaint that was settled on June 24, 2022, for $12,500.00 in damages based upon allegations that Brunette made unsuitable recommendations, failed to supervise certain representatives, committed fraud,…

Douglas Gene Schmitz (also known as Doug Schmitz), of Fargo, North Dakota, a stockbroker registered with Classic LLC and owner of Classic Asset Management LLC, has been censured and fined $100,000.00 by Securities and Exchange Commission (SEC) because Schmitz breached his fiduciary duties. In the Matter of Classic Asset Management LLC and Douglas G. Schmitz,…

Jeffrey Max Cohen of Henderson, Nevada, a stockbroker registered with Moloney Securities Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cohen failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….

Jeremy Jefferson Jacobson, of Metairie, Louisiana, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jacobson engaged in discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2021071954502 (June 6, 2023). According to the…

Jermaine Kahlil also known as Jermaine Benjamin, of Tampa, Florida, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Benjamin failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver,…

John Calderwood Starke Sr., of Mechanicsville, Virginia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150.000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and corporate bonds when Starke was registered with…

John Nicholas Terzis of Skokie, Illinois, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Terzis borrowed customer funds. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, Terzis borrowed $200,000 from an elderly…

Joseph Martin Latour (also known as Joe Latour), of Springfield, Missouri, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Latour made unsuitable recommendations of direct investments when Latour was registered…

Kale King Hoong Young, of Torrance, California, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Young falsified customer signatures. Letter of Acceptance, Waiver, and Consent No. 2020066352101 (June 8, 2023). According to the…

Kenneth James New of Merritt Island, Florida, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $393,000.00 in damages based upon allegations that New made unsuitable recommendations of alternative investments when New was registered with Center Street Securities…

Kumail Abbas (also known as Ken Abbas), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $181,056.00 in damages based upon allegations that Abbas charged excessive commissions and engaged in excessive and unauthorized trading…

Marinos Ballas of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Ballas was negligent and breached his fiduciary duties in connection with the recommendation and sale of alternative investments…

Michelle Liao Wu of San Jose, California, a stockbroker registered with Principal Securities Inc., has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wu engaged in unauthorized or discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2022074969501 (June 16, 2023)….

Nabil Bouab (also known as Bilo Bouab), of Holbrook, New York, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that Bouab engaged in unsuitable trading, mismanaged investment accounts, made misrepresentations…

Patrick Thomas Gilbride of Brooklyn, New York, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on October 13, 2022, for $5,190.00 in damages based upon allegations that Gilbride engaged in unauthorized trading in mutual funds when Gilbride was registered with Edward Jones. This is…

Rene Javier Castro, of Chicago, Illinois, a stockbroker registered with Great Point Capital LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that Castro made unsuitable recommendations, was negligent, breached his fiduciary duties, breached a contract, and violated state securities…

Ricky Alan Mantei (also known as Ricky Mantel), of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., has been fined $15,000.00 and suspended for six months by FINRA according to a National Adjudicatory Council Decision containing findings that Mantei directed prearranged trades with counterparties. In the Matter of Department of Enforcement v. Ricky…

Robert Anthony Guidicipietro (also known as Robert Peters), of Bay Ridge, New York, a stockbroker registered with Arive Capital Markets, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Guidicipietro failed to comply with an arbitration award or settlement agreement or otherwise confirm his compliance. FINRA Case…

Robert T Li of Naperville, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Li made unsuitable recommendations of real estate securities and stocks when Li was registered with LPL Financial…

Robert Wesley Turley of New Port Richey, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,500.00 in damages based upon allegations that Turley made unsuitable recommendations of non-traded REITs when Turley was registered with Independent Financial Group…

Scott Jay Matalon, of New York, New York, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Matalon failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and…

Sean Pong (also known as Syany Pong), of Los Alamitos, California, a stockbroker registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pong failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver,…

Stuart Bryan Haw, of Bradenton, Florida, a stockbroker registered with Investors Capital Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $39,000.00 in damages based upon allegations that Haw made unsuitable recommendations, breached his fiduciary duties, made misrepresentations and omissions of material fact, and violated FINRA…

Park Avenue Securities, a securities broker dealer headquartered in New York, New York, has been censured and fined $30,000.00 because it failed to supervise a representative who engaged in outside business activities and private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2020066651002 (May 31, 2023). According to the AWC, between December of 2014…

Andrew Raskin of Palm Beach Gardens, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Raskin made unsuitable investment recommendations during the time that Raskin…

Arkady Ginsburg of New York, New York, a stockbroker registered with Aegis Capital Corp., has been censured by the State of Maryland because he was sanctioned by Financial Industry Regulatory Authority (FINRA) for unsuitable and excessive trading. Consent Order No. 20220157 (June 14, 2022). Ginsburg’s registration has been withdrawn in the state, and he agreed…

Betsy Lou Whipple of Hiko, Nevada, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Whipple breached a contract, made misrepresentations and omissions of material fact, and breached her fiduciary duties, and…

Brent Michael Foster of Indianapolis, Indiana, a senior wealth manager registered with Indie Asset Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $409,383.59 in damages based upon allegations that Foster breached his fiduciary duties, breached a contract, overconcentrated the customer’s account in certain investments,…

Bruce Allen Davis of Aventura, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Davis breached his fiduciary duties and committed fraud during the time that Davis was associated with Morgan Stanley. Financial Industry…

Bryan Edward Davidson of Scottsdale, Arizona, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on December 26, 2022, in which the customer requested compensation based upon allegations that Davidson mismanaged the customer’s account during the time that Davidson was associated with LPL Financial LLC. The…

Christopher John Carpenter (also known as Chris Carpenter), of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carpenter failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…

Daniel Keith Beech of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Beech was negligent and made misrepresentations of material fact in connection with the sale of corporate bonds…

David Sheldon Wells of Chicago, Illinois, a stockbroker registered with Fifth Third Securities Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Wells based upon allegations that Wells misappropriated funds. SEC v. David Sheldon Wells, No. 1:22-cv-05113 (September 20, 2022). According…

Eileen Law Cure (also known as Eileen Law Klein and Eileen Hall Law), of Nederland, Texas, a stockbroker registered with HD Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,833.00 in damages based upon allegations that Cure made unsuitable recommendations of direct investments (limited…

Fariba Zehtabian Madison of Los Alamitos, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Madison made misrepresentations of material fact in connection with the sale of corporate bonds during the…

Hagop Jack Nalbandian of Encino, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $108,500.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of real estate investment trusts when Nalbandian was associated with Western International Securities…

Jason Lee Pintus of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pintus failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules on excessive and…

Jeffrey Dampf of Totowa, New Jersey, a stockbroker registered with PFS Investments Inc., has been barred as a stockbroker by New Jersey Bureau of Securities because Dampf was the subject of a different regulatory enforcement action resulting in his expulsion from the securities industry. New Jersey Bureau of Securities Order (October 19, 2022). Specifically, Dampf…

Keith Craig Baron of Jericho, New York, a stockbroker registered with Equity Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Baron “misappropriated funds” in connection with the sale of oil and gas investments during the time that Baron…

Kevin Cory of New York, New York, a stockbroker registered with RF Lafferty Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cory made misrepresentations and omissions of material fact. Letter of Acceptance, Waiver, and Consent No. 2022073802901 (May 26, 2023). According to the AWC,…

Leigh Eran Einhorn (also known as Lee Einhorn) of West Caldwell, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on April 14, 2023, to resolve allegations that Einhorn made omissions of material fact and made unsuitable investment recommendations of…

Mark Ryan Bierdeman of Fargo, North Dakota, a stockbroker registered with Ameriprise Financial Services Inc., has been fined $2,500.00 by State of Minnesota Department of Commerce because Bierdeman made unsuitable recommendations in connection with the replacement of a customer’s life insurance policy. Order No. 2909 (November 17, 2022). Public Disclosure shows that Bierdeman is also…

Matthew Eric Platnico of New York, New York, a stockbroker registered with Allied Millennial Partners LLC, has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Platnico engaged in unsuitable and unauthorized trading in a customer’s account. Letter of Acceptance, Waiver, and…

Michael James Thaler of Henrico, Virginia, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a regulatory investigation that resulted from a customer’s complaint about the stockbroker during the time that Thaler was associated with Cambridge Investment Research Inc. Commonwealth of Virginia Investigation (November 17, 2022). Financial Industry Regulatory Authority (FINRA) Public…

Morgan Darby Hill of Knoxville, Tennessee, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Hill made unsuitable investment recommendations of alternative investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02835…

Paul Joseph Brent of Grosse Pointe Farms, Michigan, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Brent made misrepresentations of material fact in connection with the sale of preferred common and preferred…

Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…

Philip Norris Smith (also known as Philip Norris Smith), of Woodland Hills, California, a stockbroker registered with Equitable Advisors LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith made unsuitable investment recommendations to an Equitable Advisors customer in connection…

Thomas Diamante of Babylon Village, New York, a stockbroker registered with SW Financial, has been fined $50,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diamante deceived investors in connection with the sale of private placement offerings of pre-IPO funds. Letter of Acceptance, Waiver,…

William Benjamin Greenman of Bellmore, New York, a stockbroker registered with Equitable Advisors LLC, has been discharged by the securities broker dealer on November 21, 2022, based upon allegations that Greenman was the subject of a customer complaint. Public Disclosure reveals that on November 14, 2022 – a week prior to the termination – a…

Rande Scott Aaronson of Lawrenceville, New Jersey, a stockbroker and principal of David Lerner Associates Inc., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that he failed to supervise stockbrokers’ sales of limited partnerships to…

Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry…

Stephenie Ashley Collins (also known as Stephenie Ashley Purvine), of Cordell, Oklahoma, a stockbroker registered with State Farm VP Management Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Collins converted funds. Letter of Acceptance, Waiver, and Consent No. 2023078014501 (April 13, 2023). According to the…

Patrick Christopher Durst of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Durst made unsuitable recommendations of certain alternative investments during the time that Durst was associated with Lifemark…

Kenneth Joseph Fisher III of Sewickley, Pennsylvania, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $10,142.17 in damages based upon allegations that Fisher breached his fiduciary duties in connection with the recommendation and sale of stocks when…

Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to…

Howard Hao-Chung Hsieh (also known as Hao-Chung Howard Hsieh), of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hsieh made unsuitable recommendations of real estate securities when Hsieh was associated…

Jason Wellington Jodway, of Waterford, Michigan, a stockbroker registered with Allstate Financial Services LLC was the subject of a civil action brought by Michigan Corporations, Securities, and Commercial Licensing Bureau. According to a Default Judgment, Jodway violated state securities laws by engaging in securities business without registration and making omissions of material fact. Case No….

Kevin Dominic Klickna, of Springfield, Illinois, a stockbroker registered with Equitable Advisors LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Klickna committed forgery. Acceptance, Waiver, and Consent No. 2021071200801 (January 4, 2023). In April 2021, Equitable Advisors LLC submitted…

Delio Eduardo Londono (also known as Del Londono), of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint filed on December 14, 2021, in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations of material…

George Ly of Los Angeles, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $700,000.00 in damages based upon allegations that Ly made unsuitable investment recommendations of Real Estate Investment Trusts (REITs) during the period that Ly was…

Joel Christopher Riedel of Lockport, New York, a stockbroker registered with NYLife Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Riedel lied and mismarked order tickets to falsely claim that investors purchased questionable Unit Investment Trusts (“UITs”) on…

Marcus Kovac Moon, of Miramar, Florida, a stockbroker registered with NYLife Securities LLC, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Moon made improper recommendations and engaged in securities business without the proper registration. SEC v. Marcus K. Moon, Complaint No. 0:23-cv-60715 (April 17, 2023). The Complaint filed by…

Scott Paul Smith of Huntington Beach, California, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith borrowed customer funds. Acceptance, Waiver, and Consent No. 2020066349702 (January 5, 2023). Smith served as a registered representative at Edward…

Kyle W. Steibel, of Belleville, Illinois, a stockbroker registered with CUNA Brokerage Services Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Steibel failed to respond to FINRA’s request for information. FINRA Case No. 2022074241501 (May 1, 2023). According to FINRA’s Notice of Suspension letter issued…

Anthony Michael Tassone, of Springfield, Massachusetts, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint filed on October 24, 2022, in which the customer requested compensation based upon allegations that Tassone caused the customer to believe that their principal would not be reduced in an…

David Brian Test of Dallas, Texas, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 21, 2021, for $18,221.12 in damages based upon allegations that Test made omissions of material fact in connection with the sale of municipal bonds during…

Chingyuan Chang (also known as Gary Chang), of Cupertino, California, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chang failed to testify when FINRA investigated the stockbroker for possible misappropriation. Acceptance, Waiver, and Consent No. 2022075871401 (December 19, 2022). On…

Kenneth John Byrne of Garden City, New York, a stockbroker registered with Janney Montgomery Scott LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Byrne failed to testify during the period that FINRA investigated the stockbroker for possible unsuitable investment recommendations. Acceptance, Waiver, and Consent No….

Clinton F. Byrd, of Tallahassee, Florida, a stockbroker registered with Cantella Co. Inc., has been discharged by the securities broker dealer on May 28, 2021, based upon allegations that Byrd failed to disclose certain outside business activities. On January 9, 2023, Byrd was suspended by FINRA for the undisclosed sale of promissory notes.  Department of…

Brian M. Wurdemann, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wurdemann failed to comply with an arbitration award rendered against him for collection on a promissory note FINRA Arbitration No. 22-01681 (March…

Matthew Gary Barks (also known as Matt Barks), of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barks failed to testify during the time that FINRA investigated the stockbroker for possible forgery. Acceptance, Waiver,…

James Michael Armour, of Wayzata, Minnesota, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Armour made unsuitable recommendations, breached his fiduciary duties, failed to perform due diligence, and failed to…

Scott Erik Aabel (also known as Scott Eric Aabel), of Osprey, Florida, a stockbroker registered with Spire Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Aabel made unsuitable recommendations of variable annuities and alternative investments during…

Avi J. Bialo, of Los Angeles, California, a stockbroker registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $160,000.00 in damages based upon allegations that Bialo made unsuitable recommendations of alternative investments during the time that Bialo was associated with…

Brian Andrew Horn, of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Horn made unsuitable recommendations of oil and gas investments when Horn was associated with Lincoln Financial Advisors…

Christopher Cook Leith Hartman (also known as Chris Hartman and as Kit Hartman), of Santa Barbara, California, a stockbroker registered with Kovack Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hartman made unsuitable recommendations of real estate investment…

Cullen David Factor (also known as David James Biberman and as Cullen Austin Factor), of Wellesley Hills, Massachusetts, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Factor failed to testify when FINRA investigated the stockbroker for possible violations…

David Jonathon Feigeles of Melville, New York, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,500,000.00 in damages based upon allegations that Feigeles breached his fiduciary duties, breached a contract, converted funds, was negligent, failed to supervise certain…

Edward Scott Short of Melville, New York, a stockbroker registered with Laidlaw Company (Uk) Ltd., has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Short engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2020065683302 (January 31,…

Emilio Guajardo Jr., of Houston, Texas, a stockbroker registered with BBT Securities LLC, was the subject of a customer initiated investment related complaint that was settled on August 26, 2022, for $607,856.00 in damages based upon allegations that Guajardo made misrepresentations of material fact in connection with the sale of unit investment trusts when Guajardo…

Genevieve Garcia Mar (also known as Gen Mar), of Northbrook, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which customers were collectively awarded $467,000.00 in compensatory damages because Mar was held liable on the customer’s claims, including that…

James Patrick Shawver (also known as Jim Shawver), of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.01 in damages based upon allegations that Shawver made unsuitable recommendations of non-traded real estate investment trusts…

James Vincent Pucciarelli of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Pucciarelli made unsuitable recommendations of stocks during the time that Pucciarelli was associated with Morgan Stanley. Financial…

John Thomas Holly Sr. (also known as Tom Holly), of Boca Raton, Florida, a stockbroker registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Holly made unsuitable recommendations of GWG private placements when Holly…

Kirk Edward Pickell of Providence, Rhode Island, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Pickell made unsuitable recommendations, made omissions of material fact, and charged excessive fees in connection with…

Laurence Geoffrey Allen of Rye Brook, New York, a stockbroker registered with NYPPEX LLC, has been denied registration as a stockbroker with NYPPEX, LLC, by FINRA’s National Adjudicatory Council because of the potential risk of harm to investors, given that Allen was accused of fraud and violating New York state securities laws. NAC Decision, No….

Lon Charles Faccini Jr. of Coram, New York, a stockbroker registered with Arive Capital Markets, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Faccini engaged in excessive and unsuitable trading and had inappropriately used margin in customer accounts. Letter of…

Michael Ciro Colletti of Glen Cove, New York, a stockbroker registered with The Investment Center Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Colletti based upon allegations that Colletti engaged in unauthorized and unsuitable trading. Department of Enforcement v. Colletti, Complaint No. 2019061942901 (February…

Michael John Laderer of Uniondale, New York, a stockbroker registered with Henley Company LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Laderer failed to supervise a stockbroker in connection with the sale of investments when Laderer was associated…

Michael Leonard Whitaker (also known as Mike Leonard Whitaker), of The Villages, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Whitaker breached his fiduciary duties, breached a contract, was negligent,…

Michael Patrick Raineri of Seattle, Washington, a stockbroker registered with KMS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Raineri converted customer funds. Letter of Acceptance, Waiver, and Consent No. 2023078057401 (April 18, 2023). According to the AWC, starting in August of 2018,…

Mitchell Charles Barnes (also known as Mitch Barnes), of Louisville, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $87,374.00 in damages based upon allegations that Barnes engaged in unauthorized trading in a trust account without…

Rene Adolfo Bolivar (also known as Rene Bolivar) of Salinas, California, a stockbroker registered with First Allied Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bolivar failed to testify and provide information and documents to FINRA when it investigated possible violations of FINRA rules….

Ryan Bartholomew Lacedonia, of Tampa, Florida, a stockbroker registered with TIAA-Cref Individual and Institutional Services LLC, was the subject of a customer initiated investment related complaint filed on October 26,  2022, in which the customer requested $35,000.00 in damages in the form of a rebate of all fees and commissions based upon allegations that Lacedonia…

Shahab Seyedshahab Tagnavidinani (also known as Shahab Dinani, Sean S. TagnaviDinani, and as Sean Tag), of Irvine, California, a stockbroker registered with Park Avenue Securities LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because TagnaviDinani engaged in unauthorized trading. Letter…

Steven M. Netzel (also known as Steve M. Netzel), of Chandler, Arizona, a stockbroker registered with Kalos Capital Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Netzel made unsuitable recommendations and caused the securities broker dealer to maintain false…

Todd Ray Anderson of Tucson, Arizona, a stockbroker registered with Cetera Advisors LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson made unsuitable investment recommendations of mutual funds. Letter of Acceptance, Waiver, and Consent No. 2019063749201 (April 20, 2023). According…

Tori K. Uhiren (also known as Tori K. Hickey), of Bloomington, Illinois, a stockbroker registered with State Farm VP Management Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Uhiren failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules….

William Lapiana (also known as Bill Lapiana), of New York, New York, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Lapiana made unsuitable investment recommendations, made misrepresentations of material fact, and failed…

William Lee Notrica of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, has been discharged by the securities broker dealer on January 20, 2022, based upon allegations that Notrica engaged in discretionary trading. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Notrica is referenced in nine customer initiated investment related disputes concerning…

Donnie Eugene Ingram (also known as Don Ingram), of Winter Haven, Florida, a stockbroker registered with Centaurus Financial Inc., has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ingram made unsuitable investment recommendations. Department of Enforcement v. Ingram et al., Order…

Alexander Strachan Hackley (also known as Lex Hackley), of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Hackley breached his fiduciary duties to the customer, failed to supervise certain…

Andrew Justin Grant (also known as Andy Grant), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Grant engaged in unauthorized trading during the time that he was associated…

Blake Wayne Eskew of Atlanta, Georgia, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Eskew failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver,…

Claudio M. Gambin Neto of Orlando, Florida, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $500,000.00 in damages based upon allegations that Gambin Neto made unsuitable recommendations of life insurance policies and mutual funds when…

Craig Gerard Accardo, of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $500,000.00 in damages based upon allegations that Accardo made unsuitable recommendations of direct investments to the customer during the time that Accardo…

Daniel Joseph Mackle Sr., of Hackensack, New Jersey, the owner of Silver Edge Financial LLC, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative because Mackle and his company acted as unregistered brokers when marketing and selling Silver Edge Fund series interests to investors. In the Matter…

David Earl Kimbler of Ferndale, Washington, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint filed on November 14, 2022, in which the customer requested compensation based upon allegations that Kimbler withdrew customer funds without authorization and engaged in unauthorized trading during the time that Kimbler was…

Eric Francis Rapczyk of Melville, New York, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $17,500.00 in damages based upon allegations that Rapczyk made unsuitable recommendations of private placements during the time that Rapczyk was associated with National Securities…

Eric James Stone of Jacksonville, Florida, a stockbroker registered with Fidelity Brokerage Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stone failed to provide information and documents to FINRA and failed to testify during the time that FINRA investigated the stockbroker for possible violations…

Eric M. Jenson of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500.00 in damages based upon allegations that Jenson made misrepresentations of material fact in connection with the sale of variable annuities during the…

Gary Mark Goldberg of Fishkill, New York, a stockbroker registered with Bruderman Brothers LLC, has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Goldberg made unsuitable recommendations of variable annuities. Letter of Acceptance, Waiver, and Consent No. 2019064776201 (March 9, 2023)….

Gary Walter Isler of Lawrenceville, New Jersey, a stockbroker registered with David Lerner Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Isler made misrepresentations and omissions of material fact, breached his fiduciary duties to the customer, and…

James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments during the time that Allen…

Jeffrey Adam Miller of Greenwich, Connecticut, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Miller made unsuitable recommendations of gold and silver during the time that Miller was associated with UBS…

Jeffrey Bruce Kantar of Northfield, New Hampshire, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on October 26, 2022, for $383,232.90 in damages based upon allegations that Kantar made misrepresentations of material fact in connection with the sale of variable annuities…

Kevin Andrew Hobbs of Lake Worth, Florida, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hobbs provided inaccurate information to FINRA during the time that it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….

Newbridge Securities Corporation, a securities broker dealer headquartered in Boca Raton, Florida, has been censured and fined $50,000.00 by Financial industry Regulatory Authority (FINRA) because Newbridge Securities Corporation failed to supervise certain representatives in connection with the recommendation and sale of LJM Preservation and Growth Fund. Letter of Acceptance, Waiver, and Consent No. 2019061764901 (March…

Mark Samuel Epps of Bloomfield Hills, Michigan, a stockbroker registered with Michigan Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Epps violated FINRA rules, was negligent, and breached his fiduciary duties to the customer in connection with the…

Michael Anthony Fahsholtz of Wenatchee, Washington, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Fahsholtz violated securities laws, made unsuitable recommendations, breached his fiduciary duties to the customer, violated FINRA rules,…

Michael Philip Ecker (also known as Mike Ecker), of Wellington, Florida, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Ecker breached his fiduciary duties to the customer, was negligent, and breached…

Miche D. Jean of Rockville, Maryland, a stockbroker registered with Morgan Stanley, is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Jean based upon allegations that Jean failed to provide information and documents and failed to testify during the time that FINRA investigated the stockbroker for…

Olivier Robert Gillier of New York, New York, a stockbroker registered with Tigress Financial Partners LLC, has been fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that because Gillier engaged in private securities transactions during the time that…

Patrick Keith Sloan of Kewanee, Illinois, a stockbroker registered with LPL Financial LLC, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sloan committed forgery, caused the securities broker dealer to maintain false records or books, and engaged in unauthorized or…

Rodd Shannon McMinn of Amherst, New York, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on September 22, 2022, in which the customer requested $107,770.00 in damages based upon allegations that McMinn made unsuitable recommendations of life insurance policies during the time that McMinn…

Seth Barnes Stewart of Jeffersonville, Indiana, a stockbroker registered with Center Street Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Stewart made unsuitable investment recommendations of alternative investments when Stewart was associated with Center Street Securities Inc….

Thomas Paul Tibaldi of East Meadow, New York, a stockbroker registered with Citigroup Global Markets Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $44,356.00 in damages based upon allegations that Tibaldi breached his fiduciary duties to the customer, made misrepresentations and omissions of material…

William Forrest Winchester III (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Winchester made misrepresentations of material fact in connection with the…

William Word Huthnance of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Huthnance made unsuitable recommendations to the customer and made misrepresentations of material fact in connection with the sale…

Warren Ellwood Rowe of Richmond, Virginia, a stockbroker registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rowe failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2020066566001…

Todd Anthony Cirella of Melville, New York, a stockbroker registered with Laidlaw Company Ltd., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cirella made unsuitable recommendations and engaged in churning or excessive trading. Letter of Acceptance, Waiver, and Consent No….

Shawn Elizabeth Parker of Schaumburg, Illinois, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Parker converted $25,000.00 from Ameriprise Financial Services. Letter of Acceptance, Waiver, and Consent No. 2019064551501 (April 20, 2022). Parker hosted an  event for approximately…

Sean Morgan Storm Boswick, of New York, New York, a stockbroker registered with Brock Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Boswick failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and…

Samuel Nicholas Heavrin of Denver, Colorado, a stockbroker registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heavrin failed to respond to FINRA’s request for information in connection with its investigation of whether he engaged in unapproved outside business activities. Case…

Ryan Scott Mallow of Jacksonville, Florida, a stockbroker registered with Fidelity Brokerage Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Mallow made misrepresentations of material fact in connection with the recommendation and sale of investments when Mallow…

Ronald James Radner of Delray Beach, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related complaint filed on July 14, 2022, in which the customer requested $14,215.74 in damages based upon allegations that Radner made unsuitable recommendations of mutual funds when Radner was associated with…

Rodolf Ivan Wenzel (also known as Roldolf Wenzel), of Redlands, California, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 12, 2020, for $25,864.56 in damages based upon allegations that Wenzel made omissions of material fact in connection with the recommendation…

Roderick Len Whited of Gainesville, Florida, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Whited stole funds belonging to a pediatric cancer charity. Letter of Acceptance, Waiver, and Consent No. 2020065505201 (November 15, 2021). On January 25,…

Robert Edward Bortz Jr. of Waukesha, Wisconsin, a stockbroker registered with Equitable Advisors LLC (formerly known  as AXA Advisors LLC), was the subject of a customer initiated investment related complaint that was settled on February 28, 2022, for $49,181.81 in damages based upon allegations that Bortz made omissions of material fact in connection with the…

Robert Earl Turner Jr., of Waco, Texas, a stockbroker registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Turner engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021073037101 (January 27, 2023). According to the AWC, from 1997…

Jerry Lawrence Goldblum, of New York, New York, a stockbroker registered with Aegis Capital Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,683.67 in damages based upon allegations that Goldblum made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the…

James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities, Inc. (FKA David A. Noyes Company), was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments…

Eric Shea Hollifield, of Dacula, Georgia, a stockbroker registered with LPL Financial LLC  is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Hollifield based upon allegations that Hollifield committed securities fraud. Securities and Exchange Commission v. Eric S. Hollifield, Civil Action No. 2:22-CV-129-RWS (June 30, 2022)….

Desiderio Eloy Torrez, of San Diego, California, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Torrez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….

David William Jack of Paramus, New Jersey, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on October 31, 2022, in which the customer requested compensatory damages based upon allegations that Jack made unsuitable recommendations of structured products when Jack was associated with Morgan Stanley. This is…

John Nicholas Terzis of Skokie, Illinois, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Terzis “borrowed” customer funds from an elderly customer. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, in December…

Joseph Michael Fedorko Jr., of Greenwich, Connecticut, a stockbroker registered with Laidlaw Company Ltd., has been fined $7,500.00 by Connecticut’s Banking Commissioner because Fedorko engaged in excessive and unauthorized trading and engaged in business as an unregistered investment adviser agent. Case No. CO-22-20225-S (May 17, 2022). Fedorko has also been fined $7,500.00 and suspended for…

Leonid Yurovsky (also known as Lenny Yurovsky), of Mineola, New York, a stockbroker registered with Joseph Stone Capital LLC., has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Yurovsky engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2020066888401 (December…

Marc Frederick Korsch of Sarasota, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Korsch recommended risky corporate bonds when Korsch was associated with Centaurus Financial Inc. Financial Industry Regulatory Authority…

Peter N. Girgis of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,057,195.00 in damages based upon allegations that Girgis engaged in excessive and unsuitable trading, charged excessive commissions, and made misrepresentations of material fact…

Adam S. Feierstein of Redondo Beach, California, a stockbroker registered with Concourse Financial Group Securities Inc. (FKA ProEquities), is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Feierstein made the unsuitable investment recommendation of variable annuities when Feierstein was…

David Earl Kimbler of Ferndale, Washington, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint filed on November 14, 2022, in which the customer requested compensation based upon allegations that Kimbler engaged in unauthorized trading and withdrew funds without authorization when Kimbler was associated with Securities America…

Archie Abel Blood Jr. (also known as Bud Blood), of Holland, Michigan, a stockbroker registered with Cambridge Investment Research Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Blood engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent…

David Cameron Monckton of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Monckton made unsuitable investment recommendations in connection with the sale of real estate securities when Monckton…

William Jeffrey Michero (also known as Jeff Michero), of Fort Worth, Texas, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a fraud investigation initiated by Texas Department of Insurance on May 17, 2022. This is not the first time that Michero has been the subject of a regulatory matter concerning Michero’s…

William Joseph Conn (also known as Bill Conn), of San Francisco, California, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $1,000,000.00 and $5,000,000.00 in damages based upon allegations that Conn made unsuitable recommendations, made omissions of…

David Brian Test of Dallas, Texas, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he falsified documents and forged customer signatures. Letter of Acceptance, Waiver, and Consent No. 2021072263801 (January 19,…

Matthew Gary Barks (also known as Matt Barks) of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to testify in a FINRA investigation relating to the basis behind his termination from Park…

Suzanne Therese Charrin (also known as a Suzanne Charrin Oathout), of Greenwood Village, Colorado, a stockbroker registered with Woodbury Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because supposedly she incorrectly described her outside business activities as involving lavender oil instead of CBD oil,…

Joel Christopher Riedel of Lockport, New York, a stockbroker registered with NYLIFE Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized trading and mismarked an order ticket when he was…

Jason Edward Seurer of Maple Plain, Minnesota, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Seurer made unsuitable investment recommendations of GWG L-bonds when Seurer was associated with Landolt Securities Inc. Financial…

Hugh Ordway Barndollar III (also known as Hobby Barndollar), of Land O’ Lakes, Florida, a stockbroker registered with Crown Capital Securities L.P., has been fined $10,000.0 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barndollar engaged in private securities transactions or selling away. Letter…

Robert Allen Koestler (also known as Bob Koestler), of Prairie Du Chien, Wisconsin, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Koestler failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA rules….

William John Braun (also known as Bill Braun), of Boca Raton, Florida, a stockbroker registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Braun made unsuitable investment recommendations of private placements during the time…

John Stephen Pronovost of Watertown, Connecticut, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $13,284.42 in damages based upon allegations that Pronovost made misrepresentations of material fact in connection with the recommendation and sale of LJM Preservation and…

Steven Anthony Busto of Hauppauge, New York, a stockbroker registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $83,045.00 in damages based upon allegations that Busto engaged in unauthorized trading in stocks when Busto was associated with PHX Financial Inc. Financial…

Stephen Paul Courtney of Pasadena, California, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $70,000.00 in damages based upon allegations that Courtney was negligent, made unsuitable recommendations, made misrepresentations and omissions of material fact, committed fraud, and violated…

Mark David Yadron (also known as Mark Lynn Yoder), of Prescott, Arizona, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on November 24, 2020, for $4,986.71 in damages based upon allegations that Yadron made unsuitable recommendations of mutual funds during…

Louis Martin Wargo of Brecksville, Ohio, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $19,000.00 in damages based upon allegations that Wargo made unsuitable investment recommendations, was negligent, breached his fiduciary duties, breached a contract, and made misrepresentations and…

Roger Allan Duval of Spokane, Washington, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Duval failed to repay customer funds that Duval “borrowed” when he was associated with MML Investors Services…

Arthur Solomon Grossbard (also known as Artie Grossbard), of West Orange, New Jersey, a stockbroker registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Grossbard made unsuitable investment recommendations of private placements when…

Kevin Thomas Fles of Sikeston, Missouri, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related civil action that was settled for $15,000.00 in damages based upon allegations that Fles made unsuitable investment recommendations of real estate securities during the time that Fles was associated with Cetera Advisors LLC….

David Lau (also known as David Luu), of Santa Rosa, California, a stockbroker registered with Morgan Stanley, has been fined $6,000.00 and suspended for twenty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lau engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2021070917301 (November 18,…

Loren Justin Morrison, of Southfield, Michigan, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,843,116.64 in damages based upon allegations that Morrison was negligent, breached a contract, breached his fiduciary duties, and made unsuitable investment recommendations during…

Patrick Anthony Perugino II (also known as Pat Perugino) of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Perugino engaged in unauthorized trading. Letter of Acceptance, Waiver,…

Leo Li-Yuan Chien of San Gabriel, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $170,000.00 in damages based upon allegations that Chien made unsuitable investment recommendations of direct investments and real estate securities or Real Estate Investment…

Mary Turner Moose (also known as Mary Elizabeth Turner), of Greenwood Village, Colorado, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related civil action in which the customer requested $450,000.00 in damages based upon allegations that Moose was negligent and failed to supervise certain registered representatives in connection…

Richard Foerster Reynolds of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Reynolds made unsuitable investment recommendations, engaged in unauthorized trading, churned the customer’s accounts, committed fraud,…

Mark Fred Augusta (also known as Mark Fredrick Augusta), of Cardiff, California, a stockbroker registered with Hilltop Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $24,999.00 in damages based upon allegations that Augusta engaged in unauthorized trading and made unsuitable investment recommendations when Augusta…

Todd David Ellis, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, was the subject of a customer initiated investment related complaint filed on March 7, 2022, in which the customer requested compensation based upon allegations that Ellis made unsuitable recommendations of structured notes during the time that Ellis was associated…

David Ray Barnes, of Dallas, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,400,000.00 in damages based upon allegations that Barnes made unsuitable investment recommendations of master limited partnerships, preferred stocks, and lines of credit during…

Edward Lawrence Turley (also known as Ed Turley), of San Francisco, California, a stockbroker registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Turley failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance,…

Jon Christopher Vinge, of Seattle, Washington, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $183,000.00 in damages based upon allegations that Vinge breached his fiduciary duties, made unsuitable recommendations, made misrepresentations and omissions of material fact, and…

Benjamin William Belanger (also known as Ben Belanger), of Glendale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Belanger made unsuitable investment recommendations, failed to perform due diligence, breached his…

Michael Joseph Lancaster (also known as Mike Lancaster), of Canton, Ohio, a stockbroker registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lancaster made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2021070463601 (November…

Everyone like to talk about cases that they win. However, what about the cases that you lose. More importantly, what are you going to do when the arbitrators get it wrong. The answer is nothing. As Judge Posner once stated: “Short of authorizing “trial by ordeal or, more doubtfully by a panel of three monkeys,…

The Guiliano Law Group is pleased to announce that the United States District Court for the Northern District of Georgia entered a judgment and confirmed a $1.9 million arbitration award rendered against the president and owner of a Connecticut based securities broker-dealer and one of its former agents. Malone et al v. Stoyeck et al.,…

Chad Edward Allen of New York, New York, a stockbroker registered with Oppenheimer & Co. Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Allen committed fraud, engaged in excessive and unauthorized trading, made unsuitable recommendations, and failed to…

Scot Barringer of Los Angeles, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related complaint that was settled on September 15, 2022, for $50,000.00 in damages based upon allegations that Barringer made unsuitable recommendations of GWG L-bonds when Barringer was associated with Westpark Capital Inc. Financial Industry…

Christopher Warren Wright (also known as Chris Wright), of Prescott, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Wright made unsuitable recommendations of GWG L-bonds during the time that…

Jesus Manuel Bravo (also known as Jesse Bravo), of Plainview, New York, a stockbroker registered with Joseph Stone Capital LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bravo made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2020066887401 (November 22,…

Michael Joseph Kane III off Plano, Texas, a stockbroker registered with Hilltop Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Kane made unsuitable recommendations and made misrepresentations and omissions of material fact in connection with the…

Sean Daniel McDevitt of Chappaqua, New York, a stockbroker registered with Campfire Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that McDevitt solicited an outside investment arrangement in which funds were potentially misappropriated. Financial Industry Regulatory Authority (FINRA)…

John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…

Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to…

Jeffrey Scott Graves (also known as Jeff Graves), of Addison, TX, a stockbroker registered with FFEC Wealth Partners LLC, has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Graves failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…

Dexter Leroy Thomas of Dallas, TX, a stockbroker registered with National Planning Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Thomas failed to supervise certain registered representatives, whom were negligent, or made unsuitable recommendations, breached their fiduciary duties, and…

Peter Lewis Goffin of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Goffin committed fraud, made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with…

Joseph Patrick Roop (also known as JoePat Roop), of Belmont, NC, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $220,000.00 in damages based upon allegations that Roop was negligent, breached his fiduciary duties, made misrepresentations of material…

Barry Lee Garapedian of Westlake Village, CA, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Garapedian caused the securities broker dealer to maintain false records or books. Letter of Acceptance, Waiver, and Consent No….

Brian Robert Roth of Morristown, NJ, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Roth made misrepresentations and omissions of material fact and failed to supervise certain registered representatives in connection…

Christine Anne Warner (also known as Christine Anne Schneider), of Monaca, PA, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for forty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Warner failed to supervise certain registered representatives. Letter of Acceptance, Waiver,…

Scott Wayne Reed of Scottsdale, AZ, a stockbroker registered with Wells Fargo Clearing Services LLC, has been fined $50,000.00 and barred as a stockbroker by the state of Arizona because Reed failed to make regulatory disclosures and he engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. S-21132A-20-0370 (March 24, 2022). Reed…

Shirley Ank Wong (also known as Kuan An Huang or Shirley Ankuan Huang), of Daly City, CA, a stockbroker registered with Ni Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Wong made misrepresentations of material fact, breached…

Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…

Nick Eugene Son of New York, NY, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $261,765.21 in damages based upon allegations that Son made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the sale…

Douglas Fulton Kaiser (also known as Doug Kaiser), of Boca Raton, FL, a stockbroker registered with Westpark Capital Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Kaiser failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…

Daniel Pita of Southwest Ranches, FL, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member because Pita failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v. Daniel Pita, Default Decision, Disciplinary Proceeding No….

Fernando Silva of Tucson, AZ, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silva failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076360101 (December 6,…

Luke Michael Johnson of Scottsdale, AZ, a stockbroker registered with Coastal Equities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $275,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of direct investments and real estate securities when Johnson was associated with Coastal Equities…

Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s…

John Kennedy Ulwick of Fort Wayne, IN, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Ulwick made unsuitable recommendations of oil and gas investments when Ulwick was associated with Lincoln Financial Advisors…

Eugene Arthur McAdams (also known as Eugene Arthur Mc Adams), of Center Moriches, NY, a stockbroker registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McAdams failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules with…

Christopher David Sinkula of Stuart, Florida, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Sinkula made unsuitable recommendations of high yield securities when Sinkula was associated with Janney Montgomery Scott LLC….

Mei Xia Guo (also known as Gracie Guo), of Monterey Park, CA, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Guo made unsuitable recommendations of real estate securities when Guo was…

Philippus Theunis Van Staden (also known as Philip Van Staden), of Atlanta, GA, a stockbroker registered with The Strategic Financial Alliance Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $90,000.00 in damages based upon allegations that Van Staden failed to perform due diligence, made unsuitable…

Sean T. Sullivan of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Sullivan made unsuitable investment recommendations when Sullivan was associated with Aegis Capital Corp. FINRA Public Disclosure shows…

Jeffrey Brian Forehand (also known as Jeff Forehand) of Myrtle Beach, SC, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,600.00 in damages based upon allegations that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed…

Matthew Stern Buchsbaum of New York, NY, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Buchsbaum made unsuitable investment recommendations and made misrepresentations of material fact during the time that…

Ronald Lewis Millar III of Weston, FL, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on June 15, 2022, in which the customer requested compensation based upon allegations that Millar made unsuitable recommendations of fixed annuities and mutual funds and mismanaged investment accounts during…

Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments,  Real Estate…

Travis John Wolfe of Downers Grove, IL, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Wolfe made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…

Lee Ray Diedrich of Great Falls, MT, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diedrich committed forgery. Letter of Acceptance, Waiver, and Consent No. 2022074303701 (November 16, 2022). According to the AWC,…

Justin Allen Anderson, of Austin, TX, a stockbroker registered with CUSO Financial Services LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. No. 2021071179201 (November 23, 2022). According to the AWC,…

Ahmed Ghassan Gheith (also known as Andy Gheith), of New York, NY, a stockbroker registered with Noble Capital Markets Inc., has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gheith engaged in the unauthorized solicitation of private placements. Letter of Acceptance,…

Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…

Jeffrey John Furniss of Annapolis, MD, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Furniss made unsuitable recommendations of oil and gas investments when Furniss was associated with Lincoln Financial Advisors Corporation. Financial…

Caz Craffy (also known as Carz Levinski Craffey), of Point Pleasant Beach, NJ, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Craffy failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA…

Michael Christopher Blumer (also known as Christopher Blumer), of Melville, NY, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $45,405.00 in damages based upon allegations that Blumer was negligent, made unsuitable recommendations, and breached his fiduciary duties in connection…

Jake Louis Fruge of Houston, TX, a stockbroker registered with PFS Investments Inc., was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $13,648.25 in damages based upon allegations that Fruge made unsuitable recommendations of variable annuities when Fruge was associated with PFS Investments Inc. This is…

Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs  during…

Thais Drummond Piotrowski (also known as Thais Drummond Moreira), of Boca Raton, FL, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Piotrowski made unsuitable recommendations of Business Development Companies or…

Albert Foronda of New York, NY, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Foronda breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…

Frank Louis Avallone of New York, NY, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Avallone made unsuitable recommendations, breached his fiduciary duties, committed fraud, and violated FINRA rules in connection with the…

Regan Allen Rohl, of Fargo, ND, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,025,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of Master Limited Partnerships “MLPs” during…

Tim Russell Gerds (also known as Tim Gerds), of Hubertus, WI, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 16, 2021, for $50,000.00 in damages based upon allegations that Gerds engaged in unauthorized trading and charged excessive fees in connection…

Robert D’Agosta of Cedar Rapids, IA, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that D’Agosta made unsuitable recommendations, made misrepresentations and omissions of material fact, and failed to perform…

Farrukh Shazad Kazmi, of Moorestown, NJ, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Kazmi made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…

Thomas Michael Rauchegger, of Maitland, FL, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Rauchegger made unsuitable recommendations of real estate securities during the time that Rauchegger was associated with Kalos Capital…

Bernard F. Jasmin (also known as Berny Francis and Berny Jazz), of New York, NY, a stockbroker registered with Empire Asset Management Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $4,800,000.00 in damages based upon allegations that Jasmin committed fraud, churned the customer’s accounts,…

Cathie Ann Joughin (also known as Cathie Joughin Barnard), of Bakersfield, CA, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Joughin failed to provide information and documents to FINRA during the time that it investigated possible violations of…

Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…

Michael Girard DeLuca (also known as Mike DeLuca) of Beaver Falls, Pennsylvania, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based because DeLuca failed to supervise certain representatives’ annuity exchanges and surrenders….

David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection…

Joseph Francis Comiskey Jr. of Ronkonkoma, NY, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,500.00 in damages based upon allegations that Comiskey made misrepresentations of material fact, was negligent, and breached his fiduciary duties in connection with…

Kurt Russell Baldry of Ostego, MN, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Baldry made unsuitable investment recommendations of direct investments and oil and gas investments during the time…

Robert Thomas Crothers of Holbrook, NY, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Crothers made unsuitable investment recommendations, committed fraud, breached a contract, breached his fiduciary duties, and was…

Christopher Robert Black (also known as Chris Black), of Houston, TX, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable investment recommendations of…

Erkan Eric Afacan of Paramus, New Jersey, a stockbroker registered with Cambridge Investment Research Inc., has been permitted to resign on September 30, 2022, based upon allegations that Afacan failed to comply with the securities broker dealer’s policies regarding covering client account losses. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Afacan is referenced…

Douglas Eugene Keller (also known as Douglas Eugene Savery), of Red Bank, New Jersey, a stockbroker registered with Equitable Advisors LLC (AXA Advisors LLC), was the subject of a customer initiated investment related complaint that was settled on December 9, 2020, for $5,396.04 in damages based upon allegations that Keller made misrepresentations of material fact…

William Martin Ornstein of Fairfield, Connecticut, a stockbroker registered with GMS Group, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $28,500.00 in damages based upon allegations that Ornstein was negligent, made misrepresentations of material fact, and breached his fiduciary duties in connection with the recommendation and…

Christopher Alexander Polinaire (also known as Chris Polinaire), of Hauppauge, New York, a stockbroker registered with Arive Capital Markets, has been fined $7,500.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Polinaire engaged in excessive trading and made unsuitable recommendations. Letter of Acceptance, Waiver,…

David Roger Hirons of San Diego, California, a stockbroker registered with Wedbush Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations of trading execution errors during the time that Hirons was associated with Wedbush Securities Inc. Financial Industry Regulatory Authority…

Charles Vincent Malico (also known as Charlie Malico), of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Malico engaged in quantively unsuitable trading in the customer’s account….

Brad Richard Small of Reading, Pennsylvania, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Small breached a contract in connection with the recommendation and sale of investments during the time that…

Curtis Lee Howard (also known as Curt Howard), of Sapulpa, Oklahoma, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Howard breached his fiduciary duties, was negligent, breached a contract, and committed fraud in…

Christopher John Shaw (also known as Chris Shaw), of Belmont, North Carolina, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shaw engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2020067955001 (November 7, 2022)….

Trevor Lee Gordon of Greenville, South Carolina, a stockbroker registered with Sandlapper Securities LLC, was sanctioned by FINRA based upon allegations that Gordon failed to comply with an arbitration award or otherwise confirm compliance with the regulator. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01008 (August 20, 2021). Gordon and Sandlapper Securities LLC were ordered to…

Kenneth Anthony Luccioni of Sacramento, California, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Luccioni made unsuitable recommendations of mutual funds when Luccioni was associated with Triad Advisors LLC. Financial Industry…

Dorinda Lynn Lumpkin (also known as Dorinda Lynn Bludsworth), of Gadsden, Alabama, a stockbroker registered with BBVA Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lumpkin failed to respond to FINRA’s request for information. FINRA Case No. 2020067150401 (January 4, 2021). According to FINRA…

Victor A. Rigoni III of Lake Forest, Illinois, a stockbroker registered with Cetera Advisor Networks LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rigoni failed to make regulatory disclosures. Department of Enforcement v. Victor A. Rigoni III, Order Accepting…

Rafael Golan (also known as Rafi Golan), of Delray Beach, Florida, a stockbroker registered with Crystal Bay Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,300,803.00 in compensatory damages and $50,000.00 in punitive damages because Crystal Bay Securities Inc. was held liable…

Gregory Alan Levine of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Levine “borrowed” money from the customer when Levine was associated with First Allied Securities Inc. Financial…

Kyle Robert Franklin of Roseville, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Franklin made unsuitable recommendations, breached his fiduciary duties, breached a contract, was negligent, and failed to supervise…

Brian Charles Kennedy (also known as Brian Charles Fitton), of Camp Hill, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Kennedy made unsuitable recommendations of oil and gas investments when Kennedy…

Hector Anthony May of New City, New York, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500,000.00 in damages based upon allegations that May converted funds, committed fraud, made omissions of material fact, breached his fiduciary duties, and was…

Wilfred Rodriguez Jr. (also known as Wil Rodriquez), of Boca Raton, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 23, 2020, for $2,550,000.00 in damages based upon allegations that Rodriguez committed forgery, made unauthorized withdrawals from the customer’s…

Robert Michael Gianchiglia of Worcester, Massachusetts, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Gianchiglia made misrepresentations of material fact in connection with the recommendation and sale of private placements when Gianchiglia was associated with Ameritas…

Eric Stephen Pasquini of Fort Wayne, Indiana, a stockbroker registered with CUNA Brokerage Services Inc., is the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $19,156.70 in damages resulting from excessive assets in variable annuities when Pasquini was associated with CUNA Brokerage Services Inc. This…

M. B. Schreiber (also known as Mickey Schreiber), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Schreiber engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No….

William Hennion of New York, New York, the Vice President of Hennion Walsh Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations of unsuitable recommendations of unit investment trusts and bonds at Hennion Walsh Inc. Financial Industry Regulatory Authority (FINRA)…

Mason Wayne Gann of Dallas, Texas, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on June 4, 2020, for $4,500.00 in damages based upon allegations that Gann made unsuitable recommendations of stocks when Gann was associated with Berthel Fisher Company…

Robert Owen Klein of Newport Beach, California, a stockbroker registered with J.P. Morgan Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $300,000.00 in damages based upon allegations that Klein made unsuitable investment recommendations during the time that Klein was associated with J.P. Morgan Securities LLC….

Avinash Daswani (also known as Avi Daswani), of Plainview, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 22, 2022, seeking damages based upon allegations that Daswani made omissions of material fact in connection with the recommendation and sale of Unit…

Andre Vincent LaBarbera, of Dix Hills, New York, a stockbroker registered with Titus Rockefeller LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon allegations that LaBarbera failed to comply with an arbitration award or otherwise confirm compliance with the regulator. FINRA Arbitration No. 18-04008 (August 20, 2021). LaBarbera was ordered to pay…

Ronald Reed McCook (also known as Ron Reed McCook Jr.), of Scottsdale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,961,500.00 in compensatory damages because First Allied Securities Inc. was held liable for sales practice…

Fredrick Martin Randhahn (also known as Fred Randhahn and Frederick Martin Randhahn), of Ogden, Utah, a stockbroker registered with Sigma Financial Corporation, has been barred as a stockbroker by Utah Division of Securities based upon allegations that Randhahn violated state securities laws. In the Matter of Fred M. Randhahn, Notice of Agency Action, Docket No….

Anthony Vincent Didonna, a stockbroker registered with Equitable Advisors has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Didonna failed to respond to FINRA’s request for information. Case No. 2021071227201 (Mar. 17, 2022). According to FINRA Public Disclosure, FINRA issued Didonna a Notice of Suspension on December…

Joseph Kelly (also known as Joe Kelly), of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $94,750.00 in damages based upon allegations that Kelly made misrepresentations of material fact and made unsuitable recommendations of…

Joel Darren Plasco of New York, New York, a stockbroker registered with Dalmore Group LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Plasco engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2020068211001…

Cynthia Ann Giovacchino, of Ansonia, Connecticut, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on February 11, 2022, to resolve allegations that Giovacchino made unsuitable recommendations of Real Estate Investment Trust or REIT during the time that Giovacchino was associated with LPL Financial…

Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker registered with American Capital Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $375,000.00 in damages resulting from the customer’s purchase of private placements during the time that Vultaggio was associated with American Capital Partners…

Nigel Ronald James of Mineola, New York, a stockbroker registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because James engaged in excessive trading and made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No….

Edward Chong Yoon of Pasadena, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $36,250.00 in damages based upon allegations that Yoon made unsuitable recommendations, breached a contract, breached his fiduciary duties, and was negligent in connection with the…

Ron Yehuda Itin of Jersey City, New Jersey, the President and Chief Compliance Officer of E1 Asset Management Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in certain principal capacities based upon allegations that Itin failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…

Edward Joseph Rudiger Jr., of New York, New York, a the Chief Executive Officer of Reid Rudiger LLC, is the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Rudiger charged excessive commissions and engaged in the unauthorized trading of over-the-counter…

Thomas H. Laws of Silver City, New Mexico, a stockbroker registered with Avantax Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Laws misappropriated funds and made unsuitable recommendations of direct investments (DPPs and LPs) when Laws was…

Luisa Gonzalez (also known as Mercado Luisa Gonzales), of Pittsburgh, Pennsylvania, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Gonzalez made unsuitable recommendations of Northstar Healthcare when Gonzalez was associated with…

Bradley S. Lay (also known as Brad Lay), of Franklin, Tennessee, a stockbroker registered with Raymond James Associates Inc., is the subject of an investigation initiated by Tennessee Department of Commerce and Insurance on March 29, 2022, into allegations that Lay failed to disclose a prior regulatory enforcement action. Financial Industry Regulatory Authority (FINRA) Public…

Michael Barry Carter (also known as Mike Carter), of McLean, Virginia, a stockbroker registered with Morgan Stanley, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor representative based upon allegations that Carter misappropriated funds. In the Matter of Michael Barry Carter, Order Instituting Administrative Proceedings, Administrative Proceeding…

Floyd E. Powell of Albertville, Alabama, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Powell made unsuitable recommendations of Woodbridge Group promissory notes during the time that Powell was associated with MSI…

James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Mariani made unsuitable recommendations, engaged in excessive and unauthorized trading, breached his fiduciary duties, was negligent, and…

Stefan Anton Pastor of Fort Lauderdale, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,000.00 in damages based upon allegations that Pastor made misrepresentations of material fact and made an unauthorized premium payment on an insurance…

Terry Tzagarakis (also known as Terry Rakis), of Bay Ridge, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member because Tzagarakis engaged in excessive trading. Letter of Acceptance, Waiver, and Consent No. 2018056490305 (October 14,…

Michael Giokas of Clarence, New York, a stockbroker registered with Fortune Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Giokas breached his fiduciary duties, was negligent, breached a contract, violated state securities laws, and violated FINRA…

John Sebastion Cangialosi Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,281,156.00 in damages based upon allegations that Cangialosi churned the customer’s account, charged excessive commissions, made misrepresentations of material fact,…

John Wade Loofbourrow of New York, New York, a stockbroker registered with Demopolis Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that the customer was defrauded in connection with the sale of Concord Group Holdings private placements. Financial Industry…

Gregory Roy Tucker of Des Moines, Iowa, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $150,000.00 in damages based upon allegations that Tucker made unsuitable recommendations of municipal bonds when Tucker was associated with D.A. Davidson Co. Financial Industry…

Joseph Harold Sterling of Apple Valley, Minnesota, a stockbroker registered with Geneos Wealth Management Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Sterling made unsuitable recommendations of oil and gas investments during the time that Sterling was associated…

Jonathan David Cummings of Hurst, Texas, a stockbroker registered with InvestaCorp Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cummings made misrepresentations and omissions of material fact, was negligent, and made unsuitable recommendations of real estate securities during…

Efrain Balderrama Trujillo of Los Angeles, California, a stockbroker registered with Western International Securities Inc., has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Trujillo borrowed from a customer. Letter of Acceptance, Waiver, and Consent No. 2021072406801 (October 14, 2022). According…

Ian Ha of Los Angeles, California, a stockbroker registered with AXA Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ha failed to respond to FINRA’s request for information. FINRA Case No. 2020065613902 (Dec. 10, 2021). FINRA sent Ha a Notice of Suspension letter on…

Mark David Martino of White Plains, New York, the Chief Executive Officer of Ascendant Alternative Strategies LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martino failed to perform due diligence for a private placement offering. Letter of Acceptance, Waiver, and Consent No….

Gregory Patrick Bodkin Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Bodkin failed to supervise certain registered representatives in connection with the recommendation and sale of over-the-counter equities during…

Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been permitted to resign on October 7, 2021, based upon allegations by the executor of an estate that Adams may have misappropriated client assets. Public Disclosure shows that Adams was also referenced in a…

James F. Anderson of Dakota Dunes, South Dakota, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $1,600,000.00 in damages based upon allegations that Anderson failed to supervise certain registered representatives and made misrepresentations of material fact in connection with…

Keith Todd Ashley of Ann Arbor, Michigan, a stockbroker registered with Parkland Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ashley failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Department of Enforcement v….

Dennis Fred Baker of Verona, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $5,000.00 in damages based upon allegations that Baker made misrepresentations of material fact in connection with the recommendation and sale of…

Mitchell Scott Biernick of Freeport, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Biernick failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent…

Kerry Thomas Cassell of Charlotte, North Carolina, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on February 2, 2022, seeking damages based upon allegations that Cassell made misrepresentations of material fact in connection with the recommendation and sale of variable annuities when…

Eddy C. Chou of San Francisco, California, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chou failed to respond to FINRA’s request for information. FINRA Case No. 2021071392801 (August 26, 2022). FINRA Public Disclosure shows that Chou was…

Thomas Jacob Ciolek of Franklinville, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ciolek failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2021070741901 (November…

Richard Clarence DeYoung Jr. of St. Louis, Missouri, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer-investment related complaint filed on March 12, 2020, in which the customer requested compensatory damages based upon allegations that DeYoung engaged in unauthorized trading in the customer’s Wells Fargo account. This is not the…

Charles Lawrence Doraine of Corpus Christi, Texas, a stockbroker registered with Next Financial Group Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $352,564.00 in damages based upon allegations that Doraine made unsuitable recommendations of variable annuities and mutual funds during the time that Doraine was…

Teresa Watkins Douberly (also known as Sharlene Douberly, Teresa S. Watkins, and Teresa Sharlene Watkins), of Fort Lauderdale, Florida, a Registered Principal of with Aegis Capital Corp., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Douberly failed to supervise certain registered representatives….

Hans Patrick Kulicke Eveillard of Sarasota, Florida, a stockbroker registered with Alight Financial Solutions LLC and Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Eveillard failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules….

Jessica Wasserman Hall (also known as Jessica A. Wasserman), of Houston, Texas, a stockbroker registered with BBVA Securities Inc., was the subject of a customer initiated investment related complaint filed on August 17, 2020, in which the customer requested $5,000.00 in damages based upon allegations that Hall made an unsuitable recommendation concerning index annuities when…

Keith Matthew Kordich of Boca Raton, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Kordich made unsuitable investment recommendations during the period Kordich was associated with Morgan Stanley. Financial Industry Regulatory Authority…

Carlos Leston (also known as Jose Carlos Leston), of New York, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Leston failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter…

Todd Kevin Marone of Troy, Michigan, a stockbroker registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $53,995.91 in damages based upon allegations that Marone made misrepresentations of material fact in connection with the recommendation and sale of variable annuities…

Timothy John Melvin (also known as Tim Melvin), of Springboro, Ohio, a stockbroker registered with Horace Mann Investors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Melvin failed to respond to FINRA’s request for information. FINRA Case No. 2020065766801 (January 11, 2021). FINRA Public Disclosure…

Mirsad A. Muharemovic (also known as Mirso Muharemovic), of Staten Island, New York, a stockbroker registered with Arive Capital Markets, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $115,000.00 in damages based upon allegations that Muharemovic churned the customer’s account, engaged in excessive trading, and made…

Shawn Steven Oliver of Napa, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2022, seeking damages based upon allegations that Oliver made misrepresentations of material fact in connection with the recommendation and sale of investments when Oliver was associated with…

Apostolos Nicolas Pitsironis (also known as Paul Pitsironis), of Melville, New York, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Pitsironis borrowed but failed to repay customer funds when Pitsironis was…

Avi Elliot Schottenstein of New York, New York, a stockbroker registered with J.P. Morgan Securities LLC, has entered in a Consent Order with the  State of Illinois agreeing to be permanently barred registration in the state. In the Matter of Avi Elliot Schottenstein, File No. 2100123 (April 22, 2022). Financial Industry Regulatory Authority (FINRA) Public…

Stephen James Sullivan of Garden City, New York, a stockbroker registered with Salomon Whitney LLC, has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sullivan engaged in unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2019061952601 (October 21, 2022). FINRA…

Jason Eugene Tarver of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,000,000.00 in damages based upon allegations that Tarver used an unsuitable investment strategy involving a line of credit when Tarver was associated…

Cory James Tinsley, of Rochester, New York, a stockbroker registered with Farmers Financial Solutions LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tinsley failed to cooperate with FINRA’s request for information. FINRA Case No. 2021070388501 (August 31, 2022). FINRA Public Disclosure shows that Tinsley was…

Anthony Tricarico of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Tricarico made unsuitable recommendations of investments when Tricarico was associated with Aegis Capital Corp. Financial Industry Regulatory…

Francis Joseph Velten Jr., of New Port Richey, Florida, a stockbroker registered with Summit Brokerage Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Velten failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v….

Rosemary Teresa Vrablic of New York, New York, a stockbroker registered with Deutsche Bank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Vrablic failed to respond to FINRA’s request for information. FINRA Case No. 2021070117201 (October 18, 2021). FINRA Public Disclosure shows that Vrablic…

Scott Curtis Wilson of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on July 11, 2022, in which the customer requested damages based upon allegations that Wilson made misrepresentations of material fact in connection with the recommendation and sale of closed end…

Gregory Scott Young of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Young made unsuitable recommendations of structured steepener products and CDs when Young was associated with Voya…

Craig Anthony Zabala of Harlem, New York, a stockbroker registered with John W. Loofbourrow Associates Inc. (and President and CEO of Concorde Group Holdings Inc.), has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor representative because Zabala committed fraud. In the Matter of Craig A. Zabala, Order…

Jason Eric Zwibel (also known as Jay Bell Zwibel), of Wellington, Florida, a stockbroker registered with Garden State Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Zwibel made unsuitable recommendations and breached his fiduciary duties in connection…

Brent Jason Greninger, of Weston, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in compensatory damages based upon allegations that Greninger made unsuitable recommendations of “private investments” when Greninger was associated with…

Mark Smith, of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $40,000.00 in damages resulting from a crypto currency deal recommended by Smith when he was associated with Transamerica Financial Advisors. Financial Industry Regulatory Authority (FINRA)…

Kim Marie Monchik (also known as Kim Marie Amendola), a stockbroker and CCO of Spartan Capital Securities LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Monchik based upon allegations that Monchik failed to disclose customer initiated investment related arbitration claims. Department of…

Alicia M. Hinojosa Gutierrez (also known as Alicia Myrthala Hinojosa and A. M. Hinojosa Gutierrez), of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was discharged on April 29, 2021, based upon allegations that she made unapproved financial arrangements with a customer and used unauthorized means to communicate with…

Joseph Victor Alhadeff of New York, New York, a stockbroker formerly registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $129,524.00 in damages based upon allegations that Alhadeff breached his fiduciary duties, and was otherwise negligent, in connection with the recommendation and…

Jeffrey Scott Anderson of Bloomington, Illinois, a stockbroker registered with NYLife Securities,  has been  barred from associating with any FINRA member in any capacity based upon allegations that Anderson misappropriated or converted a customer’s funds. FINRA Enforcement (AWC) No. 2020067888701 (Aug. 2, 2021). Anderson was also subsequently barred by as a stockbroker in the Illinois…

Vincent Keith Annable of Scottsdale, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $600,000.00 in damages based upon allegations that Annable made unsuitable investment recommendations and overconcentrated the customer’s account in alternative…

Alan Zelig Appelbaum of Boca Raton, Florida, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $280,000.00 in damages based upon allegations that Appelbaum made unsuitable investment recommendations and engaged in other misconduct in connection…

Troy Robert Baily of Omaha, Nebraska, a stockbroker formerly registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint that was settled on March 3, 2021 for $80,000.00 in damages based upon allegations that Baily engaged in fraud in connection with the recommendation and sale of Future Income Payments LLC…

James Baroutas of New York, New York, a stockbroker registered with B. Riley Wealth Management, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Baroutas engaged in unauthorized trading and other misconduct in connection with…

Mark Bedros Beloyan of Davie, Florida, the president and chief compliance officer of  Tradespot Markets Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beloyan based upon allegations that Beloyan facilitated the sale of unregistered securities and failed to supervise the…

Kenneth William Biebel of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Biebel made unsuitable investment recommendations in connection with the sale of private…

John Richard Boatright of Duluth, Georgia, a stockbroker formerly registered with Newbridge Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Boatright failed to respond to FINRA’s request for information in connection with the investigation of Boatright’s sales practices.  FINRA Enforcement No. 2021071440501 (Jan. 18,…

Debra Collura Bourne (also known as Debra Anne Bourne) of Red Bank, New Jersey, a stockbroker registered with National Securities Corp. was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $325,000.00 in damages based upon allegations that Bourne engaged in unauthorized trading and…

Michael Allan Bressman of Chatham, New Jersey, a stockbroker registered with FCG Advisors LLC  has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative because Bressman committed fraud. SEC Civil Action No.1:18-cv-11925-WGY 1:18-cv-11925-WGY (Sept. 2, 2021). Bressman engaged in a cherry-picking scheme between January 2012 to February 2018…

Frank Briseno of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled on July 21, 2020 for $3,500,000.00 in damages based upon allegations that Briseno made unsuitable recommendations concerning the sale of variable annuities and real estate securities during the course of…

Frederick Lanfear Browne of Radnor, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC has been discharged by the securities broker dealer based upon allegations that Browne engaged in authorized trading by effecting trades in customer accounts without their prior authorization. This is not the first time that Browne has been terminated by a securities…

Peter Charlton Budd (also known as Jay Budd) of Morristown, New Jersey, a stockbroker registered with Benjamin F. Edwards Company Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Budd failed to pay a $240,000 arbitration award obtained against him by his former…

Eric Peter Burton of Orland Park, Illinois, a stockbroker registered with Cetera Advisors LLC, has been suspended for three months by Florida Department of Financial Services based upon allegations that Burton received a Financial Industry Regulatory Authority (FINRA) suspension. Case No. 294028-22-AG (Apr. 15, 2022). On June 21, 2021, Burton was fined $5,000.00 and suspended…

Wynston Hill Capital LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $476,676.85 in damages. The Statement of Claim alleges unsuitable recommendations, the overconcentration of the customer’s account, unauthorized trading, fraud, and failure to supervise in connection with the sale…

Wenjinn James Chang of Rockville, Maryland, a stockbroker registered with Independent Financial Group LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Chang made unsuitable recommendations and overconcentrated the customer’s account in real estate securities…

Julie Lan Cohen of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Cohen breached her  fiduciary duties, was negligent, and made misrepresentation and omissions, in violation of Financial Industry Regulatory Authority…

Gerald Thomas Coyne (also known as JT Coyne) of Harrisburg, Pennsylvania, a stockbroker registered with CUSO Financial Services L.P., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $181,000.00 in damages based upon allegations that Coyne made misrepresentations relating to the recommendation and…

Michael Joseph Distler (also known as Mike Distler), of Crystal City, Missouri, a stockbroker registered with National Planning Corp., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Distler made unsuitable recommendations, breached a fiduciary duty,…

Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights, Texas, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $373,000.00 in damages based upon allegations that Ellefson breached his fiduciary duties, effected…

Timothy Jay Fazzone (also known as TJ Fazzone), of Dublin, Ohio, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fazzone converted a customer’s funds.  FINRA Enforcement (AWC) No. 2019064698601 (Aug. 2, 2022). According to the AWC, in June 2018,…

Joseph Michael Giordano (also known as Joe Giordano) of Melville, New York, a principal registered with Aegis Capital Corp. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Giordano failed to supervise.  FINRA Enforcement (AWC) No. 2016051704306 (Nov….

Bradley Allen Goodbred of Roselle, Illinois, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,225,000.00 in damages based upon allegations that Goodbred caused her to execute a document appointing representative as her power of…

Daniel Richard Hajduk of Mount Prospect, Illinois, a stockbroker registered with Coordinated Capital Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hajduk failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Case No. 2021069375801 (Sept. 26, 2022). According to…

Joshua Nathan Helmle of Monterey Park, California, a stockbroker and Chief Compliance Officer of Integrity Brokerage Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $489,862.00 in damages based upon allegations that Helmle failed to supervise  the customer relating to…

Timothy Patrick Higgins (also known as Tim Higgins), of Garden City, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement decision where he was permanently barred when he failed to testify in connection with a FINRA investigation of is conduct. FINRA Enforcement Action…

Tobin Carl Hoffmann of Lincoln, Nebraska, a stockbroker registered with Ameritas Investment Company LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Hoffmann made misrepresentations with regard to the recommendation and sale of alternative…

Solomon Wei-En Hua of West Covina, California, a stockbroker registered with Wells Fargo Clearing Services LLC has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for one year based upon allegations that Hua made unsuitable investment recommendations to his customers. FINRA Enforcement (AWC) No. 2018058988301…

Lisa Maria Idlett of Carteret, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Idlett failed to provide information and documents to FINRA when it investigated possible…

Donnie Eugene Ingram of Winter Haven, Florida, a stockbroker formerly registered with Centaurus Financial Inc., and Centaurus Financial are the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Ingram based upon allegations that Ingram made unsuitable recommendations, and that Centaurus Financial failed to reasonably supervise…

Miche D. Jean of Rockville, Maryland, a stockbroker registered with Morgan Stanley, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for two months based upon allegations that Jean engaged in unauthorized trading in his customer accounts. FINRA Enforcement (AWC) No. 2020068648601 (Sept. 26, 2022)….

Raymond Ellis Jennison of Dallas, Texas, the former Chief Executive Officer of  First Canterbury Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jennison failed to testify when FINRA investigated Jennison and the firm for possible violations of FINRA rules. FINRA Enforcement (AWC) No. 2020065342802…

Ivar Norman Jones Jr., of San Ramon, California, a stockbroker registered with Ameritas Investment Company LLC, is the subject of a customer initiated investment related complaint that was settled on June 1, 2022 for $28,000.00 in damages based upon allegations that Jones committed sales practice violations relating to the recommendation of a outside third-party account…

Jenna Kang (also known as Jihye Kang) of Los Angeles, California, a stockbroker registered with AXA Advisors LLC, is the subject of a customer initiated investment related complaint that was settled on December 17, 2020 to resolve allegations that Kang forged the customer’s signature and committed other sales practice violations in connection with the sale…

Neil Kevin Klein of White Plains, New York, a stockbroker registered with UBS Financial Services Inc. wasis the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Klein made unsuitable recommendations regarding the sale of annuities during his…

Cynthia Komarek (also known as Cynthia Ann Brown), of Barrington, Illinois, a stockbroker registered with Sagepoint Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Komarek failed to provide information and documents to FINRA when it investigated Komarek’s referral of customers to an unapproved investment…

Nickolay V. Kukekov of New York, New York, a stockbroker registered with Paulson Investment Company LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Kukekov engaged in an undisclosed outside business activity. FINRA Enforcement (AWC) No. 2021071205501…

Suresh V. Kumar of New York, New York, a stockbroker registered with T3 Trading Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kumar engaged in private securities transactions. FINRA Enforcement (AWC) Case No. 2020066434701 (May 23, 2022). According to the Order, during the time…

Robert A. Lax of Paramus, New Jersey, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lax failed to provide information and documents to FINRA in connection with the investigation of Lax’s outside business activities. FINRA Enforcement (AWC) No….

Charles Frederik Lek of Weston, Connecticut, the owner of Lek Securities Corp., is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Lek based upon allegations that Lek failed to comply with an prior Order in connection with the sale of microcap securities.  FINRA Enforcement…

Anthony Baker Liddle (also known as Tony Liddle) of Wausau, Wisconsin, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration filed on August 26, 2022 seeking  $1,755,189.31 in damages based upon allegations that Liddle stole or converted the customer’s funds during Liddle’s association with…

John Michael Lopinto of New York, New York, a stockbroker registered with Worden Capital Management LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for nine months based upon allegations that Lopinto engaged in the excessive and unauthorized trading of his customer accounts.  FINRA…

Benjamin Benoit Lowder Jr. (also known as Ben Lowder), of Charlotte, North Carolina, a stockbroker registered with MSI Financial Services Inc., is the subject of a customer initiated investment related civil action that was settled for $200,000.00 in damages based upon allegations that Lowder engaged in selling away and fraud in connection with the sale…

Steven S. Maher Sr. of Oradell, New Jersey, a stockbroker registered with Next Financial Group Inc., was the subject of a customer initiated investment related civil action that was settled for $20,000.00 in damages based upon allegations that Maher breached a contract, made misrepresentations, was negligent, and breached his fiduciary duties in connection with the …

Peter David Maller of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors was is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $115,000.00 in damages based upon allegations that Maller made the unsuitable recommendation and sale of variable annuities and real estate…

Steven Ronald Morgan of Roseville, California, a stockbroker registered with NYLife Securities LLC, is the subject of a customer initiated investment related complaint on December 28, 2021 in which the customer requested $38,658.06 in damages based upon allegations that Morgan made unsuitable recommendations in connection with the sale of variable annuities when Morgan was associated…

Andrew Muncy of Louisville, Kentucky, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related complaint on December 13, 2021 in which the customer requested $11,258.14 in damages based upon allegations that Muncy made misrepresentations in connection with the recommendation to sell certain securities.  The securities evidently…

Michael Joseph Muratore of New York, New York, a stockbroker registered with Benchmark Investments Inc., has been barred by the Maryland Securities Division following the failure to respond to an Order to Show Cause. Case No. 202100173 (May 17, 2022). This is not the first time that Muratore has been the subject of a regulatory action…

Dennis Masaaki Nakamura, of Moraga, California, a stockbroker registered with McNally Financial Services Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $165,000.00 in damages based upon allegations that Nakamura made unsuitable investment recommendations to his customers during the period of his…

Tuan Anh Ngo (also known as Toon Ngo) of Los Angeles, California, a stockbroker registered with VFG Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Ngo failed to supervise certain registered representatives in…

Joshua David Nicholas (also known as Josh Nicholas), of Stuart, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Nicholas converted a customer’s funds and engaged in private securities transactions. Case No. 2020067572701 (Jan. 24, 2022)….

Katherine Greer Nishnic (also known as Katherine Greer Martinson and Katherine Diane Nishnic), of Lexington, South Carolina, a stockbroker registered with J.P. Turner Company LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,750.00 in damages based upon allegations that Nishnic made…

Louis Maurice Olave of Burlington, Vermont, a stockbroker registered with Questar Capital Corporation has been fined $5,000.00 and suspended for three months by Vermont Department of Financial Regulation based upon allegations that Olave engaged in private securities transactions or “selling away.” Case No. 21-007-S (Apr. 30, 2021). This is not the first time that Olave has been…

Blakely Chapman Page of Bryn Mawr, Pennsylvania, a stockbroker registered with Spouting Rock Capital Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Page made misrepresentations in connection with the recommendation of a hedge fund.  FINRA…

Joseph Lawrence Peggs (also known as Larry Peggs), of Seminole, Florida, a stockbroker registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related civil suit which was settled for $30,000.00 in damages based upon allegations that Peggs failed to follow the customer’s intentions concerning beneficiary designations on annuities. Civil Action…

Nathan Marek Plumb of Madison, Wisconsin, a stockbroker registered with Lincoln Financial Advisors Corporation has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for four months based upon allegations that Plumb engaged in an undisclosed outside business activity. Case No. 2020068210301 (Sept. 30, 2022). According…

Marcelo Javier Poliak of Miami, Florida, a stockbroker registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint on July 10, 2017 in which the customer requested $27,427.95 in damages based upon allegations that Poliak made omissions and misstatements of material fact in connection with the recommendation and sale…

Dirk David Rabenold (also known as Dirk David Raenold), of Williamsville, New York, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim seeking damages resulting from the fraudulent conversion of customer funds by a third party. FINRA Arbitration No….

William Perry Randall of Rockford, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint that was settled on March 10, 2021 based upon allegations that  Randall breached his fiduciary duties,  and failed to supervise the sale of the FS Energy & Power Fund during his asssociation…

Richard Alyn Rappaport (also known as Rick Rappaport) of New York, New York, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim which was settled for $1,050,000.00 in damages based upon allegations that Rappaport failed to supervise the sale of…

Hillard Charles Rest of Newport Beach, California, a stockbroker registered with JRL Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Rest breached his fiduciary duties, made misrepresentations and omissions of material fact, in violation…

Walter James Reyna of McAllen, Texas, a stockbroker registered with Lincoln Financial Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Reyna made unsuitable recommendations relating to the sale of oil and gas…

Ross L. Anderson of Rancho Santa Margarita, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Ross Anderson made unsuitable investment recommendations with regard to the sale of…

Praxedes Russi of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,974.00 in damages based upon allegations that Russi churned the customer’s account, charged the customer excessive commissions, made unauthorized…

John Joseph Santariello of Coram, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santariello failed to pay a FINRA arbitration customer award against him for more than $420,000. FINRA Arbitration No. 19-02196 (Jan. 10,…

Nicholas James Schiano of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $350,343.10 in damages based upon allegations that Schiano churned the customer’s account, made unsuitable investment recommendations, breached…

William Charles Schumann of Rockville, Maryland, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $87,500.00 in damages based upon allegations that Schumann made unsuitable investment recommendations and failed to perform due diligence in connection with…

Manish Hemant Shah, of Princeton, New Jersey, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related complaint on May 3, 2019 in which the customer requested $145,865.95 in damages based upon allegations that Shah made misrepresentations, defrauded the customer, and converted the customer’s funds in connection…

Daniel Jay Sherman, of New York, New York, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $17,500.00 in damages based upon allegations that Sherman made unsuitable recommendations of certain common stocks and preferred…

Yvonne Lara Silguero of McAllen, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Silguero was negligent, made misrepresentations and omissions of material fact, breached her fiduciary duties, and was unsupervised, in…

Philip Norris Smith of Woodland Hills, California, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint on September 20, 2022 in which the customer requested compensatory damages based upon allegations that Smith made misrepresentations relating to the recommendation and sale of variable annuities when Smith was associated…

Daniel M. Soliman, of New York, New York, a stockbroker registered with Traderfield Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $24,500.00 in damages based upon allegations that Soliman made misrepresentations relating to the recommendation and sale of equity-over-the-counter equities, common…

Michael Brandon Stalcup, of Little Rock, Arkansas, an investment advisor representative with Magann Capital Corp, is the subject of an enforcement action initiated by Arkansas Securities Department in which the regulator is seeking sanctions against Stalcup based upon allegations that Stalcup made unsuitable recommendations of inverse or leveraged ETFs. (Feb. 11, 2022). Financial Industry Regulatory…

Dudley Franklin Stephens (also known as Stephen Franklin Dudley), of New York, New York, a stockbroker registered with Coastal Equities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based based upon the findings that Stephens failed to pay a FINRA arbitration award entered against him by…

Polly Marie Stoecklein (also known as Polly Marie Ison), of Manhattan, Kansas, a stockbroker registered with Independent Advisor Alliance, is the subject of a customer initiated investment related complaint on May 31, 2022 in which the customer requested $80,000.00 in damages based upon allegations that Stoecklein made unsuitable recommendations in connection with the sale of…

Joseph Paul Todaro, of Melville, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $194,599.73 in damages based upon allegations that Todaro engaged in excessive trading,  charged the customer excessive commissions, and engaged in…

John Charles Vasu, of Brandon, Florida, a stockbroker registered with Allstate Financial Services LLC, is the subject of a customer initiated investment related complaint on May 12, 2021 in which the customer requested compensatory damages based upon allegations that Vasu made misrepresentations in connection with the recommendation and sale of variable annuities when Vasu was…

Ronald Robert Walchack (also known as Ron Walchack), of Sewickley, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Walchack failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Case No. 2021072021501 (Sept….

Joseph John Weinrich, of Overland Park, Kansas, a stockbroker registered with Moloney Securities Co. Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Weinrich failed to make regulatory disclosures. Case No. 2018058611601 (Feb. 1, 2022). According to…

Vincent Maley Weir, of Houston, Texas, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Weir made unsuitable recommendations with regard to the sale of direct investments…

Robert Steven Weissbein (also known as Bob Weissbein), of Plantation, Florida, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Weissbein made unsuitable recommendations, breached his fiduciary duties,…

Corey Andrew White, of Pasadena, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $2,760,000.00 in damages based upon allegations that White failed to supervise relating to the recommendation and sale of options when…

Kyle Zachary Wittgren, of Frisco, Texas, a stockbroker registered with NYLife Securities LLC has been denied securities licensure in Minnesota based upon allegations that Wittgren made misrepresentations and forged a customer’s signature. Case No. 8453GA6M (Jan. 28, 2022). This is not the first time that Wittgren has been the subject of a regulatory action concerning…

Cheryl Lynn Young (also known as Cheryl Lynn Sitze), of Incline Village, Nevada, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint on May 3, 2022 in which the customer requested compensatory damages based upon allegations that Young made unsuitable recommendations with respect to the purchase of a…

Miaojun Yuan, of City of Industry, California, a stockbroker registered with Questar Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $140,000.00 in damages based upon allegations that Yuan made unsuitable recommendations and misrepresentations in connection with the recommendation and sale…

Donald Angelo Durando of Hauppauge, New York, a stockbroker formerly registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $230,000.00 in damages based upon allegations that Durando made unsuitable transactions in connection with the recommendation and sale of options when Durando was…

Chris S. Stocks of Paradise Valley, Arizona, a stockbroker registered with Morgan Stanley DW Inc., has been discharged as a stockbroker on November 11, 2021, based upon allegations that Stocks engaged in outside activities pertaining to a hotel investment involving customers of the securities broker dealer. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that…

Joseph Scott Audia of Hauppauge, New York, a stockbroker formerly registered with Joseph Stone Capital, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because he failed to supervise a stockbroker who engaged in unsuitable and excessive transactions. Letter of Acceptance,…

Charles Abad Santos Bonilla of Boca Raton, Florida, a stockbroker formerly registered with David Lerner Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Bonilla made unsuitable recommendations and material misrepresentations in connection with the recommendation and sale…

Sebastian Wyczawski of Mineola, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he executed excessive and unsuitable transactions during the time that he was associated with Joseph Stone Capital…

Bernard Joseph Audet of Newtown Square, Pennsylvania, a stockbroker currently registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $8,000,000.00 in damages based upon allegations that Audet made misrepresentations and breached a fiduciary duty in connection with the recommendation and sale…

Jordan Palmer John of Omaha, Nebraska, a stockbroker formerly registered with TD Ameritrade Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against John based upon allegations that John failed to cooperate in a FINRA investigation. Department of Enforcement v. Jordan Palmer…

Edmund Paul Murphy of Naples, Florida, a stockbroker formerly registered with Robert W. Baird Co. Incorporated, is the subject of a customer initiated investment related complaint on October 22, 2021, in which the customer requested compensatory damages based upon allegations that Murphy made unsuitable recommendations with regard to the sale of mutual funds when Murphy…

Daniel Pita of Southwest Ranches, Florida, a stockbroker formerly registered with NYLife Securities LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pita based upon allegations that Pita failed to cooperate in a FINRA investigation. FINRA Case No. 2021071965401 (Aug. 18,…

Douglas Jarrett Rosenberg of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of his excessive and unsuitable trading during the time that he was associated with Joseph Stone Capital. 2019063821605 (December…

Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with…

Eugene Arthur McAdams of Center Moriches, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McAdams failed to comply with a FINRA investigation relating to his investment recommendations during the time that he was associated with…

Matthew David Beleski of Ann Arbor, Michigan, a stockbroker currently registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related complaint on August 24, 2021, in which the customer requested $91,533.00 in damages based upon allegations that Beleski made unsuitable transactions and misrepresentations in connection with the recommendation and sale…

Scott S. Niekamp of Chesterfield, Missouri, a stockbroker currently registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Niekamp misled the customer, made false representations, failed to disclose important information about investments,…

David Thomas Hixon of Scottsdale, Arizona, a stockbroker formerly registered with Morgan Stanley, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Hixon based upon allegations that Hixon failed to cooperate with a FINRA investigation. FINRA Case No. 2021070867702 (July 20, 2022)….

Adam Maggio of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,087,663.24 in damages based upon allegations that Maggio made unauthorized and unsuitable transactions, churned the customer’s account, acted negligently, and breached a…

Dominic John Scalzi of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that he failed to cooperate with FINRA’s request for information about his outside business activities. FINRA Case No….

Larry Glenn Boggs of Atlanta, Georgia, a stockbroker formerly registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $99,000.00 based upon allegations that Boggs made misrepresentations with regard to the recommendation and sale of variable annuities when Boggs was associated with…

Shane Rene Falcon of Miami, Florida, a stockbroker formerly registered with National Securities Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Falcon made unsuitable transactions with regard to the recommendation and sale of private placements when Falcon was…

Chad Ryan Barancyk of Chicago, Illinois, a stockbroker formerly registered with First Allied Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $260,000.00 in damages based upon allegations that Barancyk breached a contract, breached a fiduciary duty, acted negligently, and effected unsuitable transactions in…

Anthony Joseph Graziano of New York, New York, a stockbroker currently registered with Joseph Stone Capital, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because he failed to supervise stockbrokers who executed excessive transactions in Joseph Stone customer accounts. Letter…

David Aubrey Dunfee of Bangor, Maine, a stockbroker currently registered with Key Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $210,000.00 in damages based upon allegations that Dunfee financially exploited the customer with regard to the recommendation and sale of variable annuities when…

Edward Robert Taliaferro of Chattanooga, Tennessee, a stockbroker formerly registered with J.J.B. Hillard W.L. Lyons LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $6,000.00 in damages based upon allegations that Taliaferro made unsuitable recommendations with regard to the sale of equities when Taliaferro was associated…

Miguel Angel Murillo (also known as Michael Murillo) of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he engaged in unsuitable and excessive trading in Joseph Stone…

Charles William Wodrich of Goodyear, Arizona, a stockbroker formerly registered with Hornor Townsend Kent LLC, is the subject of a customer initiated investment related complaint that was settled on August 8, 2022, for $17,000.00 in damages based upon allegations that Wodrich made unsuitable transactions with regard to the recommendation and sale of variable annuities when…

Michael James May of Mineola, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he made unsuitable and excessive transactions in customer accounts during the time that he was associated…

Nico Joseph Rutella of Castle Rock, Colorado, a stockbroker formerly registered with National Securities Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $20,000.00 in damages based upon allegations that Rutella made omissions and misrepresentations, breached a fiduciary duty, acted negligently, and made unsuitable transactions with regard…

David Martin Martirosian of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martirosian failed to cooperate with FINRA in an investigation relating to excessive and unsuitable trading and selling away while registered with…

Todd Franklin Kling of Aventura, Florida, a stockbroker formerly registered with Joseph Stone Capital LLC, has been suspended for three months by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that Kling made unsuitable and excessive transactions. Letter of Acceptance, Waiver, and Consent No. 2019063821606 (December…

Michael Jeremiah Mooney of Mount Airy, North Carolina, a former investment adviser representative of Southport Capital and stockbroker of Oppenheimer Co. Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Mooney based upon allegations that Mooney violated federal securities laws by…

Bradley Morgan Holts of Denver, Colorado, a stockbroker formerly registered with World Capital Brokerage, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that Holts failed to respond to the regulator’s request for information. FINRA Case No. 2021071760601 (July 28, 2021). FINRA Public…

Edward Lawrence Turley (also known as Ed Turley) of San Francisco, California, a stockbroker formerly registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $55,615,696.00 in damages based upon allegations that Turley effected unauthorized and unsuitable transactions and made misrepresentations…

Thomas Caine Shultz of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Shultz failed to perform due diligence and made unsuitable recommendations with regard to the sale of direct…

Marc Jacob Jacobson of Northbrook, Illinois, a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related complaint on May 18, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Jacobson made misrepresentations with regard to the recommendation and sale of variable annuities when Jacobson…

Michael G. Ferrera of Beverly Hills, California, a stockbroker formerly registered with SagePoint Financial Inc., has been fined $15,000.00 and suspended for two years from associating with any FINRA member in any capacity based upon allegations that Ferrera engaged in an outside business activity. Letter of Acceptance Waiver and Consent No. 2019063639201 (Sept. 1, 2022)….

Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $157,600.00 in damages based upon allegations that Kemp made unsuitable recommendations in connection with the sale of reverse convertible securities when Kemp…

Yan Binder of Coral Springs, Florida, a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC, has been fined $10,000.00 and suspended for thirty days from associating with any FINRA member in any capacity based upon allegations that Binder used unauthorized devices to communicate with customers. Letter of Acceptance Waiver and Consent No. 2019064955001…

Ariel A. Rivero of Miami, Florida, a stockbroker formerly registered with Jefferies LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,999.00 in damages based upon allegations that Rivero made unsuitable transactions, used the customer’s funds without authorization, failed to supervise, and breached a fiduciary…

Phil Donahue (also known as Joseph Philip Donahue) of Panama City Beach, Florida, a stockbroker currently registered with PFS Investments Inc., has been fined $2,500.00 and suspended for thirty days from associating with any FINRA member in any capacity based upon allegations that Donahue made unsuitable recommendations. Letter of Acceptance Waiver and Consent No. 2020068544901…

Corrie Ann Mitchell (also known as Corrie Ann Box) of San Antonio, Texas, a stockbroker formerly registered with Cambridge Investment Research, has been barred from associating with any FINRA member in any capacity based upon allegations that Mitchell failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235602 (Aug. 17,…

Nicholas Richard Palumbo (also known as Nick Palumbo) of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his alleged selling away activities. Letter of Acceptance Waiver…

Daniel T. Minich of Bradford, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been fined $5,000.00 and suspended for four months from associating with any FINRA member in any capacity based upon allegations that Minich engaged in private securities transactions or “selling away.” Order Accepting Offer of Settlement No. 2020066999801 (June 6,…

Ignacio Antonio Perezanta Ordonez of San Antonio, Texas, a stockbroker formerly registered with BBVA Securities Inc., is the subject of a customer initiated investment related complaint on March 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Ordonez made unsuitable recommendations in connection with the sale of mutual funds when…

Mark David Martino of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $5,000.00 and suspended for twenty days from associating with any FINRA member in any capacity based upon allegations that Martino failed to conduct due diligence on a private placement issued by a start-up company. Letter…

Jason Nicholas Slezak of Antioch, Illinois, a stockbroker formerly registered with Landolt Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Slezak failed to disclose risks in connection with the recommendation and sale of GWG L Bonds when…

Annetta Marie Box (also known as Annetta Marie Taylor) of Dallas, Texas, a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any FINRA member in any capacity based upon allegations that Box failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235601 (Aug. 11,…

William Colie Johnson of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $121,500.00 in damages based upon allegations that Johnson made unsuitable transactions with regard to the recommendation and sale of real estate…

Mark Whitney Tuller of Atlanta, Georgia, a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related complaint on March 14, 2022, in which the customer requested compensatory damages based upon allegations that Tuller mismanaged the customer’s account in connection with the recommendation and sale of stocks…

John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been fined $2,500.00 and suspended for ten days from associating with any FINRA member in any capacity based upon allegations that Orlando engaged in excessive trading. Order Accepting Offer of Settlement No. 2019063633301 (Aug. 5, 2022). According to the…

Stephen Patrick Tosha of Dallas, Texas, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related complaint on February 25, 2022, in which the customer requested compensatory damages based upon allegations that Tosha engaged in unauthorized trading in connection with the sale of foreign securities…

James Robert Pecoraro of Melville, New York, a stockbroker formerly registered with SW Financial has been fined $10,000.00 and suspended for nine months from associating with any FINRA member in any capacity based upon allegations that Pecoraro engaged in quantitatively unsuitable excesive trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056820701 (Aug….

Vladislav Michael Romanov of Boston, Massachusetts, a stockbroker formerly registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint on February 24, 2022, in which the customer requested $52,000.00 in damages based upon allegations that Romanov placed the customer in underperforming foreign equities when Romanov was associated with Wells…

Robert Charles Mehlin of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been fined $7,500.00 and suspended for three months from associating with any FINRA member in any capacity based upon allegations that Mehlin engaged in unauthorized trading and used unauthorized communications devices to correspond with customers. Letter…

Francis Joseph Velten Jr. of New Port Richey, Florida, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Case No. 2020066032801 (July 19, 2022). According to the Default Decision, Velten…

Ernest Grey Frerking (also known as Ernie Frerking) of Austin, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred from associating with any FINRA member in any capacity based upon allegations that Frerking failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2020067267701 (Aug….

Joseph Albert Ambrosole of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any FINRA member in any capacity based upon allegations that Ambrosole failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2021072773201 (July 28, 2022). According to the…

Brian David Rockowitz of Hauppauge, New York, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA arbitration claim which settled for $19,353.87 in damages based upon allegations that Rockowitz breached a fiduciary duty, breached a contract, and made unsuitable transactions in connection with the recommendation and…

Richard Aloysius Hogan of San Francisco, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been fines and suspended by FINRA for the unapproved sale or referral of a customer to a hedge fund.  Letter of Acceptance Waiver and Consent No. 2019064715701. According to the AWC, from October 2017 to August…

Robert Patrick Macnamee of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,840.85 in damages based upon allegations that Macnamee breached a contract, breached a fiduciary duty, and made unsuitable transactions with regard to…

Richard A. Rodriguez Jr. of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Rodriguez made misrepresentations, acted negligently, breached a fiduciary duty, breached a contract, and…

Gregory Scott Hanshew (also known as Greg Scott Hanshew) of Littleton, Colorado, a stockbroker formerly registered with Infinity Financial Services, has been barred from associating with any FINRA member in any capacity based upon allegations that Hanshew failed to cooperate with a FINRA investigation. Default Decision No. 2021071060902 (Aug. 22, 2022). According to the Default…

James Daniel Kent Jr. of San Mateo, California, a stockbroker formerly registered with Emerson Equity LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for failing to update his Form U4. Letter of Acceptance Waiver and Consent No. 2021071506202 (July 19,…

John Anthony Sommo of New Haven, Connecticut, a stockbroker formerly registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA’s request for information. Case No. 2020067928601 (April 4, 2022). Public Disclosure shows that…

Darryl Matthew Cohen of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he did not comply with an investigation into his use of customer funds. Letter of Acceptance Waiver and Consent No. 2020066797301 (February 16, 2022)….

Dusty Lynn Sternadel (also known as Dusty Lynn Veitenheimer) of Wichita Falls, Texas, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been barred from associating with any FINRA member in any capacity based upon allegations that Sternadel failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022076046801 (Sept….

Russ Kory of White Plains, New York, a stockbroker formerly registered with David Lerner Associates Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Kory made unsuitable recommendations. Letter of Acceptance, Waiver, and Consent No. 2019063686203 (September…

Antonio Almeida (also known as Tony Almeida) of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages based upon accusations that Almeida made unsuitable recommendations in connection with the sale of investments during the…

John Charles Barnes of Naples, Florida, a stockbroker formerly registered with RBC Capital Markets LLC, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Barnes’ unauthorized trading in customer accounts during the time that he was associated with RBC Capital…

John Anthony Busco of Toms River, New Jersey, a stockbroker formerly registered with Morgan Stanley Smith Barney, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Busco made unsuitable transactions in connection with the recommendation and sale of direct investments…

Miguel Angel Murillo (also known as Michael Murillo and as Miquel Angel Murillo) of New York, New York, a stockbroker registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Murillo engaged in unsuitable and excessive…

Everett Bryant Ellis (also known as Rett Ellis) of Gulf Breeze, Florida, a stockbroker formerly registered with BBVA Securities Inc., is referenced in a customer initiated investment related complaint on March 3, 2022, where the customer requested $100,000.00 or more in damages based upon accusations that Ellis made unsuitable recommendations in connection with the recommendation…

Doug Marshall McKelvey of Southlake, Texas, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that McKelvey refused to cooperate with a FINRA investigation into allegations of McKelvey’s possible misappropriation and unauthorized transactions. Letter of Acceptance, Waiver, and…

Conrad Kenneth Branson of Mill Valley, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Branson’s unauthorized trading in customer accounts during the time that he was associated…

Craig Eugene Friedrichsen of Topeka, Kansas, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages based upon accusations that Friedrichsen made misrepresentations in connection with the recommendation and sale of alternative investments including real…

Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., has been fined $10,000 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Martinsen’s private securities transactions during the time that he was associated with Centaurus Finacnial Inc….

Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…

Norbert Michael Witt of Amherst, New York, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on November 1, 2020, where the customer requested $14,000.00 in damages based upon accusations that Witt supposedly failed to follow “instructions” (whatever that means) concerning the customer’s account during the…

James William Dunn Jr., of Vienna, Virginia, a stockbroker formerly registered with Ameriprise Financial Services Inc., is done, and has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon the refusal to cooperate with a FINRA investigation into allegations of his unauthorized trading. Letter of Acceptance, Waiver,…

Ryan Thomas Fleming of Bellevue, Washington, a stockbroker formerly registered with Hornor Townsend Kent LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon accusations that Fleming made unsuitable recommendations, breached a fiduciary duty, and acted negligently with regard to the recommendation and…

Jeffrey Daniel Basford of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Basford refused to cooperate with a FINRA investigation regarding the unsuitable recommendation and sale of securities. Letter of Acceptance, Waiver,…

Andrew David Schell of Colorado Springs, Colorado, a stockbroker formerly registered with D.A. Davidson Co., is the subject of a customer initiated investment related complaint that was settled on June 22, 2022, for $36,801.00 in damages based upon accusations that Schell made unauthorized options transactions when Schell was associated with D.A. Davidson Co. FINRA Public…

Bradley Stephen Kavanagh of Baton Rouge, Louisiana, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kavanagh refused to cooperate with a FINRA investigation into accusations of his unauthorized solicitation of equity transactions. Letter of Acceptance, Waiver, and Consent…

Amanda Yvonne Berry (also known as Amanda Yvonne Coleman and as Amanda Yvonne Oostrum) of Oklahoma City, Oklahoma, a stockbroker formerly registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint that was settled on May 27, 2022, for $82,967.79 in damages based upon accusations that Berry made unsuitable…

Robert Leo Luley (also known as Rob Leo Luley Junior) of Clover, South Carolina, a stockbroker formerly registered with Madison Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $250,000.00 in damages based upon allegations that Luley made unsuitable recommendations in connection with the sale…

Ahmad Mohamed Maklouf (also known as Ed Maklouf) of New York, New York, a stockbroker currently registered with Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages based upon allegations that Maklouf churned accounts, breached a fiduciary duty, made unsuitable and…

Michael D. Dorband of Blue Springs, Montana, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Dorband failed to respond to FINRA’s request for information. FINRA Case No. 2021071383001 (December 27, 2021). Public Disclosure…

Justin Walt Parker of Del Mar, California, a stockbroker registered with Hilltop Securities Inc. is the subject of a customer initiated investment related complaint on March 18, 2021, where the customer requested $280,000.00 in damages based upon accusations that Parker made unsuitable recommendations in connection with the sale of municipal bonds when Parker was associated…

Michael Christopher Venturino of Garden City, New York, a stockbroker registered with Aegis Capital Corp., is referenced in an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) where the regulator is seeking sanctions against Venturino based upon allegations that Venturino committed fraud and made excessive and unsuitable transactions in Aegis Capital Corp customer accounts….

Patrick Allen English of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that English refused to cooperate with a FINRA investigation into allegations of unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022075677601 (August…

Zachary Hansen (also known as Zach Hansen) of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hansen failed to retain private communications with customers concerning securities transactions….

On July 28, 2022, Aegis Captial Corp agreed to settle with the United States Securities & Exchange Commission an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 203(e) of the Investment Advisers Act…

John Dennis Lowry of New York, New York, the owner of Spartan Capital Securities LLC, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages because Lowry allegedly breached a fiduciary duty and had recommended unsuitable investments while he was registered with Spartan Capital Securities. Financial…

David Gene Menashe of New York, New York, a stockbroker formerly registered with Allied Millennial Partners LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with FINRA when he was under investigation for excessive and unsuitable trading. Letter of Acceptance, Waiver, and…

Roy Daniel Budd of Little Falls, New Jersey, a stockbroker formerly registered with Morgan Stanley, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $53,000.00 in damages because Budd allegedly made unsuitable investment recommendations for the customer’s managed account at Morgan Stanley Smith Barney in April of 2019….

Rosemary Teresa Vrablic of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly refusing to respond to FINRA inquiry into her activities. Case No. 2021070117201 (October 18, 2021). FINRA Public Disclosure shows that…

Adam Ray Melville of Sherman Oaks, California, a stockbroker currently registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 13, 2020, in which the customer requested $35,000.00 in damages because Melville allegedly made unauthorized trades involving municipal bonds during the time that he was associated with…

Christopher William Porter of Yalesville, Connecticut, a stockbroker currently registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested approximately $100,000.00 in damages because Porter allegedly provided unsuitable recommendations to the customer concerning alternative investments including GPB Automotive when Porter was associated…

Robin Lee Taliaferro of Solvang, California, a stockbroker formerly registered with Boustead Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with a FINRA investigation concerning accusations of Taliaferro’s sales practice violations at Boustead Securities as well as Sutter Securities Incorporated…

Michael Joseph Sievert (also known as Mike Sievert) of Jacksonville, Florida, a stockbroker formerly registered with Triad Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages based upon accusations that Sievert made unsuitable recommendations in connection with real estate security transactions while he…

Michael Burton Ohlemacher of Maumee, Ohio, a stockbroker formerly registered with WS Brokerage Services Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ohlemacher engaged in outside business activities during the time that he was associated with WS Brokerage Services….

Juan Guillermo Herrans Barreras of Miami, Florida, a stockbroker formerly registered with Merrill Lynch, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages because Barreras allegedly made misrepresentations and unsuitable investment recommendations in connection with the sale of mutual funds during the period that…

Michael J. Haffling of Orland Park, Illinois, a stockbroker formerly registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $13,803.26 in damages because of the alleged recommendation and sale of illiquid, risky alternative investments for the customer’s individual retirement accounts at Kalos Capital….

Ronald Terrence Molo of Joliet, Illinois, a stockbroker formerly registered with Edward Jones, has been charged by Securities and Exchange Commission (SEC) with stealing approximately $800,000.00 from customers, at least one of which included an Edward Jones customer. SEC v. Ronald T. Molo, Civil Action No. 21-cv-06286 (November 23, 2021). According to SEC’s Complaint, between…

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