Andrea Ruth Klipfel (also known as Andrea Ruth Camirand), of Paso Robles, California, 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 $373,888.00 in damages based upon allegations that Klipfel engaged in “unsuitable trading”…

Charles Gyude Bryant III, of Sarasota, Florida, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on September 7, 2023, based upon allegations that Bryant exceeded his discretionary trading authority. This is not the first time that the registration of Bryant has been terminated by a securities broker dealer…

Cynthia S. Beyerlein of Lancaster, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, has been fined and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Beyerlein, in 2021, while registered through an association with Ameriprise, Beyerlein borrowed approximately $190,000 from a firm customer without…

David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, 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 McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…

Dean Steven Jaeger of Elmwood Park, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related complaint filed on May 20, 2022, in which the customer requested $19,874.00 in damages based upon allegations that Jaeger engaged in “unsuitable trading” in stocks during the time that Jaeger…

Dharmesh Virendra Vora an investment advisor representative of Vora Wealth Management PLLC, is the subject of a customer initiated investment related complaint filed on March 20, 2024, in which the customer requested $350,000.00 in damages based upon allegations that Vora provided unsuitable recommendations in structured notes to the Vora Wealth Management PLLC customer. SEC Public…

Hagin Gifford Richeson of Clearwater, Florida, a stockbroker registered with Corinthian Partners LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $9,000,000.00 in damages based upon allegations that Richeson failed to perform adequate due diligence in connection with the sale of preferred…

James Franklin Shenk of Glen Rock, Pennsylvania, a stockbroker registered with Realta Equities Inc., formerly known as Coastal Equities, Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $215,000.00 in damages based upon allegations that Shenk made the unsuitable investment recommendation of…

James Robert Reynolds  of Minneapolis, Minnesota, a stockbroker registered with Northland Securities 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 Reynolds made the unsuitable investment recommendation of non-traded Real Estate Investment Trust (“REITs”) or…

John Douglas Engler Sr. of Martinez, Georgia, 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 Engler failed to testify in a FINRA investigation into allegations of misappropriation during the time that he was associated with Ameriprise Financial Services…

Joshua R. Cook of Vernal, Utah, a stockbroker registered with LPL Financial LLC, has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cook engaged in forgery and maintained inaccurate firm records at LPL Financial LLC. Letter of Acceptance, Waiver, and Consent…

Juan Carlos Sosa of Studio City, California, a stockbroker registered with SagePoint Financial Inc. (now known as Osaic Services Inc.), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sosa engaged in the unauthorized transfer and use of customer funds during the time that he was associated with…

Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, 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 alleged breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the…

Kyle Benjamin Baker, of Wheaton, Illinois, a stockbroker registered with First Trust Portfolios LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Baker failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2020066123601 (April 8, 2024). According to the AWC, on…

Lamont Adrian Chandler, of Prairie Village, Kansas, 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 $12,500.00 in damages based upon allegations that Chandler made the unsuitable investment recommendations of direct investments when Chandler was…

Larry Christos Sfinas, of Southampton, Pennsylvania, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint that was settled on July 22, 2022, to resolve allegations that Sfinas made unsuitable investment recommendations in stocks during the time that Sfinas was associated with Securities America Inc. This is not…

Lawrence Michael Margolin (also known as Lawrence Maroglin), of Boca Raton, Florida, 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 $14,900.00 in damages based upon alleged gross negligence, fraud, breach of fiduciary duty, unsuitable…

Leslie Howard Kern (also known as Les Kern), of Wilmington, North Carolina, a stockbroker registered with DH Hill Securities LLLP, 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 Kern made unsuitable recommendations in asset-backed…

Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James 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 $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made…

Michael Scott Barrows, of Irvine, California, a stockbroker registered with Accelerated Capital Group, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $1,035,360.46 in compensatory damages because Barrows was held liable on the customer’s claims which included violation of federal securities…

Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously 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 $500,000.00 in damages. The claim is based on allegations that Blake recommended an unsuitable real estate security…

Robert Spaulding Gleason Jr., of Boston, Massachusetts, a stockbroker registered with Cantella Co. 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 Gleason engaged in excessive trading during the time that he was associated with Cantella Co. Inc. Letter of…

Robert Steven Meyer, 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 Meyer refused to appear for testimony in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2022076459306 (April 9, 2024)….

Toria Noelle Briggs (also known as Toria Scotto), of Washington, D.C., 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 settled for $160,000.00 in damages. The claim alleged that Briggs failed to disclose liquidity limitations and certain selling-related…

Valence Montgomery Williams, of New York, New York, a stockbroker registered with J.H. Darbie Co. Inc., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Williams engaged in unauthorized trading and mismarking of trade records. Letter of Acceptance, Waiver, and Consent…

John Luis Torres (also known as Juan Luis Torres), of Woodland Hills, California, a stockbroker registered with JP Morgan Securities LLC, was the subject of a customer initiated investment related civil action that was settled for $1,200,000.00 in damages based upon allegations that Torres aided and abetted a $1.85 million theft during the time that…

James Arthur Schwarz, of Short Hills, New Jersey, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related complaint filed on September 12, 2023. In this complaint, the customer requested compensatory damages based upon allegations that Schwarz made the unsuitable investment recommendations of over-the-counter equities and caused the…

Lina Maria Garcia, of Miami Florida, a stockbroker formerly registered with Insigneo Securities 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 Garcia overconcentrated the investor’s accounts in speculative securities and made unsuitable investment recommendations….

William Frederick Fox (also known as Bill Fox and Billy Fox), of Austin, Texas, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related “complaint” that was settled for $8,000.00 in damages on November 23, 2022, based upon alleged “poor performance in direct investments and real estate securities” recommended…

David Edward Spellman, of San Antonio, Texas, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related “complaint” filed on October 18, 2023, in which the customer requested $250,000.00 in damages based upon allegations that Spellman engaged in “deceptive trade practices” and violated Texas law in connection with…

Dawson James Securities Inc., a securities broker dealer headquartered in Boca Raton, Florida, has been censured and fined $500,000.00 by Financial Industry Regulatory Authority (FINRA) because the company and its CEO, Robert Dawson Keyser Jr., failed to preserve business-related text messages and failed to supervise certain representatives in connection with due diligence on private placements….

Fernando Corcuchia, of San Francisco, California, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Corcuchia failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023078612801 (April 12, 2024). On May 12, 2023, NYLife filed…

Thomas James Baumann, of New York, New York, a stockbroker previously registered with Spartan Capital Securities LLC, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA), where the regulator is seeking sanctions against Baumann based upon allegations that Baumann failed to comply with an investigation into allegations of his…

Randall Alan Heller (also known as Randy Heller), of Oak Lawn, 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 Heller refused to cooperate with a FINRA investigation about the reason his stockbroker registration was terminated by Ausdal…

Andre Krause of Woodbridge, New Jersey, a stockbroker registered with The Investment Center 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 Krause mismarked trades to falsely indicate they were unsolicited or placed by the customers on their own initative…

Brian Arthur Salerno of Lake Mary, Florida, a stockbroker registered with CNR Securities LLC and investment advisor representative of City National Rochdale LLC, has been ordered to pay a fine of $45,500.00 by Florida Office of Financial Regulation because Salerno gave investment advice in Florida without being registered by the regulator. Case No. 116642-SR (October…

Brian Keith Jones of Pilot Grove, Iowa, a stockbroker registered with Cambridge Investment Research Inc., 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 Jones was “selling away.”  Letter of Acceptance, Waiver, and Consent, No. 2023078431201 (March 27, 2024). According to…

Christopher Mack Watkins of Farmington, Utah, the President of Watkins Financial Services Inc. (WFS), has been fined $15,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Watkins charged unfair commissions to customers. Letter of Acceptance, Waiver, and Consent, No. 2021069366201 (March 28, 2024). According…

Craig Lee Carson (also known as C. Chance Carson), of Colorado Springs, Colorado, 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 $701,211.32 in damages based upon allegations that Carson breached his fiduciary duties,…

Daniel James Egbert (also known as Daniel James Egberg), of Raleigh, North Carolina, 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 $160,000.00 in damages based upon allegations that Egbert failed to disclose selling restrictions…

Dax Aaron Seale (also known as Dax Seale), of Dallas, Texas, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related civil action that was settled for $9,500.00 in damages based upon allegations that Seale engaged in unsuitable trading and “reverse churning,” when Seale was associated with Raymond…

Donald Jeffrey Dever (also known as Jeff Dever), of West Palm Beach, Florida, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 1, 2023, for $94,373.73 in damages based upon allegations that Dever failed to follow the customer’s instructions regarding the…

Edward Dale McCombs of Whitehall, Michigan, a stockbroker registered with PNC Investments, is the subject of a customer initiated investment related complaint filed on October 12, 2023, in which the customer requested $26,120.95 in damages based upon allegations that McCombs did not correctly explain life insurance contract fees and features and had made the unsuitable…

Emily Jean Smith (also known as Emily Jean Hinton), of Vero Beach, Florida, a stockbroker registered with Raymond James Financial Services 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 Smith reused customer signatures and altered customer documents. Letter of…

Jack W. Yvars of Concord, New Hampshire, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $104,624.00 in damages based upon allegations that Yvars made the unsuitable investment recommendation of certain mutual funds when Yvars…

Jae Hun Kim (also known as J.H. Kim), of Cortlandt Manor, New York, a stockbroker registered with E1 Asset Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kim failed to provide the regulator with requested information and documents during an investigation into a customer…

James Brett Stuart of Castle Rock, Colorado, a stockbroker previously registered with Richfield Orion International Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to create and implement a supervisory system designed to comply with securities laws and FINRA rules; he failed to supervise stockbrokers’…

Jason W. Wolter (also known as J.W. Wolter), of White Plains, New York, a stockbroker registered with J.P. Morgan Securities LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wolter exercised discretion without written authorization in the accounts of J.P. Morgan Securities customers….

John Jude Butler of Ocala, Florida, a stockbroker previously 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 Butler engaged in outside business activities and failed to report related compensation from a Prudential customer. Letter of…

Michael Stephen Myers of Portland, Oregon, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on August 9, 2022, for $15,000.00 in damages based upon allegations that Myers made unsuitable investment recommendations resulting in adverse tax consequences to the customer when Myers was associated…

Johnathan Paul Hagood, of Los Angeles, 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 Hagood failed to respond to FINRA requests for information. FINRA Case No. 2023077635001 (January 8, 2024). On October 3, 2023, FINRA initiated…

Louis Joseph Pellegriti, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $500,000.00 in damages based upon allegations that Pellegriti breached his fiduciary duties, engaged in churning, made misrepresentations of…

Juan Manuel Ramos of Downey, California, 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 $100,000.00 in damages based upon allegations that Ramos recommended illiquid real estate securities with declining values and high fees when…

Mark W. Manning, of Fishkill, 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 Manning failed to comply with FINRA requests for documents and information in an investigation into a complaint. Letter of Acceptance, Waiver, and Consent, No….

Matthew James Chimento, of Alpharetta, Georgia, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chimento failed to cooperate with FINRA’s investigation into allegations that he transferred funds out of a customer’s account into an account for his benefit without customer…

Richard Glenn Shaw (also known as Rick Shaw), of Scottsdale, Arizona, a stockbroker registered with Lincoln Financial Advisors Corporation, 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 based upon allegations that Shaw made the unsuitable investment recommendation of certain…

Richard Lance Belline, of Rogers, Arkansas, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on December 18, 2023, in which the customer requested $64,781.68 in damages based upon allegations that Belline overcharged advisory fees when Belline was associated with Equitable Advisors LLC.  It is uncertain…

Robert Carl Ruff (also known as Bob Ruff), of Toledo, Ohio, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on July 20, 2023, in which the customer requested compensatory damages based upon allegations that Ruff made misrepresentations of material fact in connection with the…

Todd Arnold Havemeister, of Melbourne, Florida, a stockbroker formerly registered with Great Point Capital LLC, has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Havemeister made misleading communications to investors. Letter of Acceptance, Waiver, and Consent, No. 2022074921901 (March 19, 2024)….

Sean Burr of West Hills, California, 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 $298,000.00 in damages based upon allegations that Burr made unsuitable recommendations in speculative and illiquid real estate securities and corporate…

Robert Nelson Rasbach, of Westport, Connecticut, a stockbroker registered with David Lerner Associates 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 Rasbach made unsuitable investment recommendations and made misrepresentations and omissions of material…

Gary William Holland, of Leominster, Massachusetts, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related complaint filed on September 5, 2023, in which the customer requested compensatory damages based upon allegations that Holland supposedly failed to follow instructions in connection with the sale of mutual funds when…

M1 Finance LLC, a securities broker dealer headquartered in Chicago, Illinois, has been censured and fined $850,000.00 by Financial Industry Regulatory Authority (FINRA) because it engaged influencers to promote its trading services through social media in a manner that violated regulatory standards aimed at ensuring fair, balanced, and transparent communication with the public; and it…

Paul Francis Trimber, of Alexandria, Virginia, 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 Trimber failed to cooperate in a FINRA investigation into whether he potentially made “unauthorized transfers of customer funds” to recipients outside of the…

LOS ANGELES – The Guiliano Law Group, P.C. announced today it has filed an arbitration claim on behalf of certain investors before the Financial Industry Regulatory Authority or FINRA, against a national securities broker-dealer, and its purported Portfolio Managers, for the violation of the federal securities laws, the recommendation of unsuitable securities, negligence, common law…

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…

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…

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…