Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…
Norbert Michael Witt of Amherst, New York, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on November 1, 2020, where the customer requested $14,000.00 in damages based upon accusations that Witt supposedly failed to follow “instructions” (whatever that means) concerning the customer’s account during the…
James William Dunn Jr., of Vienna, Virginia, a stockbroker formerly registered with Ameriprise Financial Services Inc., is done, and has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon the refusal to cooperate with a FINRA investigation into allegations of his unauthorized trading. Letter of Acceptance, Waiver,…
Ryan Thomas Fleming of Bellevue, Washington, a stockbroker formerly registered with Hornor Townsend Kent LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon accusations that Fleming made unsuitable recommendations, breached a fiduciary duty, and acted negligently with regard to the recommendation and…
Jeffrey Daniel Basford of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Basford refused to cooperate with a FINRA investigation regarding the unsuitable recommendation and sale of securities. Letter of Acceptance, Waiver,…
Andrew David Schell of Colorado Springs, Colorado, a stockbroker formerly registered with D.A. Davidson Co., is the subject of a customer initiated investment related complaint that was settled on June 22, 2022, for $36,801.00 in damages based upon accusations that Schell made unauthorized options transactions when Schell was associated with D.A. Davidson Co. FINRA Public…
Bradley Stephen Kavanagh of Baton Rouge, Louisiana, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kavanagh refused to cooperate with a FINRA investigation into accusations of his unauthorized solicitation of equity transactions. Letter of Acceptance, Waiver, and Consent…
Amanda Yvonne Berry (also known as Amanda Yvonne Coleman and as Amanda Yvonne Oostrum) of Oklahoma City, Oklahoma, a stockbroker formerly registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint that was settled on May 27, 2022, for $82,967.79 in damages based upon accusations that Berry made unsuitable…
Robert Leo Luley (also known as Rob Leo Luley Junior) of Clover, South Carolina, a stockbroker formerly registered with Madison Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $250,000.00 in damages based upon allegations that Luley made unsuitable recommendations in connection with the sale…
Ahmad Mohamed Maklouf (also known as Ed Maklouf) of New York, New York, a stockbroker currently registered with Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages based upon allegations that Maklouf churned accounts, breached a fiduciary duty, made unsuitable and…
Michael D. Dorband of Blue Springs, Montana, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Dorband failed to respond to FINRA’s request for information. FINRA Case No. 2021071383001 (December 27, 2021). Public Disclosure…
Justin Walt Parker of Del Mar, California, a stockbroker registered with Hilltop Securities Inc. is the subject of a customer initiated investment related complaint on March 18, 2021, where the customer requested $280,000.00 in damages based upon accusations that Parker made unsuitable recommendations in connection with the sale of municipal bonds when Parker was associated…
Michael Christopher Venturino of Garden City, New York, a stockbroker registered with Aegis Capital Corp., is referenced in an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) where the regulator is seeking sanctions against Venturino based upon allegations that Venturino committed fraud and made excessive and unsuitable transactions in Aegis Capital Corp customer accounts….
Patrick Allen English of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that English refused to cooperate with a FINRA investigation into allegations of unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022075677601 (August…
Zachary Hansen (also known as Zach Hansen) of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hansen failed to retain private communications with customers concerning securities transactions….
On July 28, 2022, Aegis Captial Corp agreed to settle with the United States Securities & Exchange Commission an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 203(e) of the Investment Advisers Act…
John Dennis Lowry of New York, New York, the owner of Spartan Capital Securities LLC, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages because Lowry allegedly breached a fiduciary duty and had recommended unsuitable investments while he was registered with Spartan Capital Securities. Financial…
David Gene Menashe of New York, New York, a stockbroker formerly registered with Allied Millennial Partners LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with FINRA when he was under investigation for excessive and unsuitable trading. Letter of Acceptance, Waiver, and…
Roy Daniel Budd of Little Falls, New Jersey, a stockbroker formerly registered with Morgan Stanley, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $53,000.00 in damages because Budd allegedly made unsuitable investment recommendations for the customer’s managed account at Morgan Stanley Smith Barney in April of 2019….
Rosemary Teresa Vrablic of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly refusing to respond to FINRA inquiry into her activities. Case No. 2021070117201 (October 18, 2021). FINRA Public Disclosure shows that…
Adam Ray Melville of Sherman Oaks, California, a stockbroker currently registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 13, 2020, in which the customer requested $35,000.00 in damages because Melville allegedly made unauthorized trades involving municipal bonds during the time that he was associated with…
Christopher William Porter of Yalesville, Connecticut, a stockbroker currently registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested approximately $100,000.00 in damages because Porter allegedly provided unsuitable recommendations to the customer concerning alternative investments including GPB Automotive when Porter was associated…
Robin Lee Taliaferro of Solvang, California, a stockbroker formerly registered with Boustead Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with a FINRA investigation concerning accusations of Taliaferro’s sales practice violations at Boustead Securities as well as Sutter Securities Incorporated…
Michael Joseph Sievert (also known as Mike Sievert) of Jacksonville, Florida, a stockbroker formerly registered with Triad Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages based upon accusations that Sievert made unsuitable recommendations in connection with real estate security transactions while he…
Michael Burton Ohlemacher of Maumee, Ohio, a stockbroker formerly registered with WS Brokerage Services Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ohlemacher engaged in outside business activities during the time that he was associated with WS Brokerage Services….
Juan Guillermo Herrans Barreras of Miami, Florida, a stockbroker formerly registered with Merrill Lynch, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages because Barreras allegedly made misrepresentations and unsuitable investment recommendations in connection with the sale of mutual funds during the period that…
Michael J. Haffling of Orland Park, Illinois, a stockbroker formerly registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $13,803.26 in damages because of the alleged recommendation and sale of illiquid, risky alternative investments for the customer’s individual retirement accounts at Kalos Capital….
Ronald Terrence Molo of Joliet, Illinois, a stockbroker formerly registered with Edward Jones, has been charged by Securities and Exchange Commission (SEC) with stealing approximately $800,000.00 from customers, at least one of which included an Edward Jones customer. SEC v. Ronald T. Molo, Civil Action No. 21-cv-06286 (November 23, 2021). According to SEC’s Complaint, between…
Jack Lewis Jones (also known as JJ Jones) of Houston, Texas, a stockbroker currently registered with Triad Advisors, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages because Jones allegedly provided unsuitable investment recommendations to the customer regarding a private placement when Jones was…
Stephen Gregory Whitman (also known as Steve Whitman) of Chesterfield, Montana, a stockbroker formerly registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Whitman failed to cooperate with an investigation into allegations of his sales practice violations as alleged in customer complaints….
Herbert Lee Weith IV of Naples, 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 for failing to respond to a request for information. FINRA Case No. 2019064197601 (January 10, 2022). According to FINRA Public Disclosure, Weith…
Gerald Roger Dewes of East Amherst, New York, a stockbroker formerly registered with Cadaret Grant Co. Inc., was referenced in a customer initiated investment related complaint which was settled for $58,000.00 in damages on September 3, 2021, based upon allegations that Dewes breached a fiduciary duty and defrauded the customer in connection with Dewes’ recommendations…
William Sideny Friedman of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $50,000.00 in damages based upon accusations that Friedman breached a fiduciary duty and made unauthorized trades when he was registered with Pinnacle Investments, Woodstock…
Franz Helmut Lambert II of New York, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he effected unsuitable and excessive trades in a customer’s Worden Capital Management account. Letter…
Timothy Charles Williams of Tucson, Arizona, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly failing to comply with a FINRA inquiry. Case No. 2020067985001 (November 15, 2021). According to FINRA Public Disclosure, FINRA sought information from Williams in…
Stephen James Sullivan of New York, New York, a stockbroker formerly registered with Newbridge Securities Corporation, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages because Sullivan allegedly made unauthorized, unsuitable, and excessive securities transactions in the customer’s Newbridge Securities Corporation account. Financial Industry Regulatory…
Tina Michele Bryant (also known as Tina Bryant Cooper and as Tina Rowland Bryant) of Greenville, South Carolina, a stockbroker currently registered with Truist Investment Services Inc., is referenced in a customer initiated investment related written complaint on March 5, 2021, in which the customer requested $21,330.03 in damages because Bryant allegedly failed to follow…
Daniel L. Bicket (also known as Dan Bicket) of Reinbeck, Iowa, a stockbroker formerly registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate with FINRA investigators regarding his indexed annuity sales and outside business activities. Letter of…
Thomas Duggan of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $7,500.00 in damages based upon accusations that Duggan made excessive and unauthorized trades while he was registered with Aegis Capital Corp. Financial Industry Regulatory Authority…
Christopher Neil Watkins of Louisville, Kentucky, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on June 2, 2022, where the customer sought compensatory damages based upon allegations that Watkins provided unsuitable investment recommendations in connection with the sale of alternative investments, including business development company…
Patrick Reid Murray of Sandusky, Ohio, a stockbroker formerly registered with UBS Financial Services, 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 he engaged in outside business activities while registered with UBS Financial Services. Letter of Acceptance, Waiver, and Consent…
Jeremy W. Fortner of Beverly Hills, California, a stockbroker formerly registered with Wells Fargo Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fortner failed to respond to FINRA’s request for information. Case No. 2021072176101 (March 3, 2022). FINRA Public Disclosure shows that on December…
David Charles Turetzky of New York, New York, a stockbroker formerly registered with Morgan Stanley, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $390,000.00 in damages based upon allegations that Turetzky failed to supervise a stockbroker’s management of investment accounts at Morgan Stanley Smith Barney. Financial Industry…
Hugh Ordway Barndollar (also known as Hobby Barndollar) of Land O’Lakes, Florida, a stockbroker formerly registered with Crown Capital Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $36,000.00 in damages because Barndollar allegedly misrepresented and omitted information in connection with the sale of non-traded real estate…
Thomas Michael Hallberg (also known as Tom Hallberg) of Forest Lake, Minnesota, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Hallberg’s unauthorized trading in a customer’s account when he was registered with Edward…
Andrew Raymond Scheirer (also known as Andy Haas) of Lake Mary, Florida, a stockbroker formerly registered with Kovack Securities and Purshe Kaplan Sterling Investments, was referenced in a customer initiated FINRA securities arbitration claim which was settled for $17,500.00 in damages based upon on the allegations that Kovack failed to supervise and that Scheirer made…
Kenneth Andrews Welsh of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,857,001.59 in damages based upon allegations of unsuitable indexed annuity contracts for the customer when Welsh was associated with Wells Fargo Advisors. Financial…
McDonald Partners LLC, a securities broker-dealer headquartered in Cleveland, Ohio, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that McDonald Partners failed to perform due diligence concerning private placement offerings, including failing to disclose to investors the risks relating to the offerings. Letter of Acceptance, Waiver,…
Xiangyu Yu Zhang (also known as Sean Zhang) of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $99,999.99 in damages founded on allegations that Zhang provided unsuitable investment recommendations to the customer concerning …
James Kenneth Couture of Worcester, Massachusetts, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related written complaint that was settled for $270,179.42 in damages on May 19, 2022, supported by accusations of misappropriation of the customer’s funds by Couture while he was registered with LPL Financial. On September…
National Securities Corporation, a securities broker-dealer headquartered in Boca Raton, Florida, has been censured and fined $3,600,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on National Securities Corporation’s negligent omissions relating to GPB Capital Holdings and its failure to supervise the recommendation of non-traded real estate investment trusts (non-traded REITs) to customers. Letter…
James Travis Flynn (also known as Jim Flynn) of Greenville, South Carolina is identified in a customer initiated investment related FINRA securities arbitration claim in which the customers seek $1,500,000.00 in damages based upon allegations that Flynn made misrepresentations ccncerning investments made in a business development company and real estate investment trust by Flynn while…
Neil Walter Koch of Minneapolis, Minnesota, a stockbroker formerly registered with American Enterprise Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Koch refused to give documents and information to FINRA during an investigation into the circumstances of Koch’s employment termination…
Daniel Todd Lerner of White Plains, New York, a stockbroker currently registered with David Lerner Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages for breach of fiduciary duty, misrepresentation, and unsuitable trades when Lerner was associated with David Lerner Associates. Financial…
Michael Francis Shillin of Altoona, Wisconsin, a stockbroker formerly registered with AGP (Alliance Global Partners), has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor and barred from associating with those institutions, according to an SEC Order containing findings of Shillin misrepresenting information to investors and misleading them…
James A. Parrelly (also known as Jim Anthony Parrelly) of Dearborn, Michigan, a stockbroker formerly registered with Investment Planners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Parrelly’s refusal to comply with a FINRA investigation concerning his potential unauthorized communications relating to…
Kevin Charles Fretz of South Windsor, Connecticut, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon allegations that Fretz made the unsuitable recommendation of certain non-traded real estate investment trusts (“REITs”) while he was…
William Edward Torriente (also known as Ed Torriente and as Eddy Torriente) of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Torriente failing to cooperate with FINRA investigators concerning allegations of Torriente’s unauthorized…
Charles Scott Burford (also known as Scott Burford), a stockbroker formerly registered with Hilltop Securities Independent Network Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member according to a FINRA Office of Hearing Officers’ Hearing Panel Decision containing findings of Burford’s unauthorized transactions in…
David Michael Karandos of Indianapolis, Indiana, a stockbroker formerly registered with Dinosaur Financial Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Karandos failed to cooperate with a FINRA investigation into allegations of Karandos’ unsuitable recommendations in the account of a Dinosaur…
Gary Begnaud of Mount Laurel, New Jersey, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is identified in a FINRA securities arbitration claim in which the customer seeks unknown compensatory damages based upon the alleged unauthorized trading of mutual funds some two years earlier in 2020 while Begnaud was associated with Merrill Lynch….
Lawrence John Fawcett (also known as Larry Fawcett Jr.) of Los Angeles, California, a stockbroker formerly registered with Westpark Capital and Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member supported by allegations that Lawrence failed to pay an arbitration award to an investor. FINRA Public Disclosure …
Christopher R. Bice (also known as Cubby Bice) of Greensboro, North Carolina, a stockbroker currently registered with Sagepoint Financial Inc., is referenced in a customer initiated investment related written complaint on February 9, 2022, where the customer sought $7,600.00 in damages based upon accusations of Bice’s unsuitable investment recommendations concerning structured notes while he was…
Ramiro Luis Colon (also known as Ramiro Luis Colon Ortiz III) of Miami, Florida, a stockbroker formerly registered with UBS Financial Services, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Colon discussed securities business with customers through…
Heather Peterson Weber (also known as Heather Adrienne Weber) of Clearwater, Florida, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages based upon allegations that Weber made misrepresentations and provided unsuitable investment recommendations during…
Anthony Baker Liddle (also known as Tony B. Liddle) of Oshkosh, Wisconsin, a stockbroker formerly registered with Landolt Securities and Western International Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Liddle refused to comply with the regulator during an investigation into Liddle’s…
Michael Christopher Martino of New York, New York, a stockbroker currently registered with Four Points Capital Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages based upon accusations that Martino provided unsuitable investment advice by Martino from 2014 to 2017 in connection…
Charles Ronald Baker (also known as Ron Baker) of Lubbock, Texas, a stockbroker formerly registered with Richfield Orion International Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Baker did not cooperate with the regulator regarding its investigation into his possible unsuitable and…
Gary David Ginsberg of West Orange, New Jersey, a stockbroker formerly registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages based upon allegations that Ginsberg made unsuitable alternative investment recommendations while associated with Royal Alliance. Financial Industry Regulatory…
Timothy Patrick Higgins of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been charged in a Complaint in which Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleges that Higgins failed to cooperate with a FINRA investigation on two separate occasions relating to Higgins’ potential excessive and unsuitable trading of…
Paul Itzchak Antevy of North Miami Beach, Florida, a stockbroker registered with FMSBonds Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $14,999.00 in damages supported by accusations of the customer being misled by Antevy regarding investments in corporate debt while Antevy was employed by FMSBonds. Financial…
Camille Cordova of Woodland Hills, California, a stockbroker formerly registered with Equitable Advisors (formerly known as AXA Advisors), has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Cordova made an unsuitable recommendation to the customer regarding a variable…
Timothy Allen Thelen (also known as Tim Thelen) of Middletown, New Jersey, a stockbroker formerly registered with Accelerated Capital and Aeon Capital, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $1,500,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to private placement…
Grant Christopher Birkley of Barrington, Illinois, a stockbroker formerly registered with SagePoint Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $625,000.00 in damages supported by accusations of an inappropriate private investment fund through Birkley during the time that he was associated with Sagepoint Financial….
Kristian M. Gaudet of Cut Off, Louisiana, a stockbroker formerly registered with Ameritas Investment Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages based upon accusations of negligence and breach of fiduciary duty while Gaudet was employed by Ameritas Investment Corp. Financial Industry…
Brian F. Donnelly of Iselin, New Jersey, a stockbroker formerly registered with First Allied Securities Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Donnelly engaged in private securities transactions when he was associated with First Allied Securities. Letter of…
Igor Peter Kislitsa of Citrus Heights, California, a stockbroker formerly registered with PFS Investments Inc., has been suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kislitsa failed to timely comply with a FINRA investigation concerning his involvement in customer accounts while registered…
Robert Douglas Armstrong of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $123,000.00 in damages founded on accusations of unsuitable investment recommendations by Armstrong concerning limited partnership interests or direct participation program interests while Armstrong…
Vincent Anthony Virga of Bayonne, New Jersey, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer received unsuitable investment recommendations from Virga concerning alternative investments while Virga was associated with Madison…
Jonathan Craig Rich of New York, New York, a stockbroker and investment banking principal formerly registered with National Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Rich refused to testify in a FINRA investigation concerning solicitation of offerings and his supervision…
William Mark Heiden of Newport Beach, California, a stockbroker formerly registered with Wedbush Securities, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages based upon accusations of unsuitable and unauthorized trading of stocks by Heiden during the time that he was registered with Wedbush Securities…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines, Iowa, a stockbroker formerly registered with Principal Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $250,000.00 in damages based upon allegations of Principal Securities’ failure to supervise Krohn, in connection with the…
James Royal Kirchner of Chicago, Illinois, a stockbroker formerly registered with David A. Noyes Company, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Kirchner falsifying documents concerning a customer’s purchase of a private placement while Kirchner was employed by David…
Joseph Ijong Chu of Stamford, Connecticut, a stockbroker currently registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $866,302.56 in damages founded on accusations that the customer was placed into unsuitable over-the-counter equities by Chu during the time that he…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford, Connecticut, a stockbroker registered with Investors Capital Corp and Woodbury Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $35,000.00 in damages based upon allegations of unsuitable investment recommendations by Ginsberg concerning real estate securities,…
Arieh Israel of New York, New York, a stockbroker formerly registered with NYLife Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Israel misappropriated customer funds. Letter of Acceptance Waiver and Consent No. 2020065370301 (June 23, 2021). According to the AWC, on June…
John Albert Westbrook of McDonough, Georgia, a stockbroker formerly registered with Center Street Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $80,000.00 in damages based upon accusations of negligence and unsuitable transactions relating to Future Income Payments LLC while Westbrook was associated with Center Street Securities….
Antoine Nabih Souma of Los Angeles, California, a stockbroker formerly registered with JP Morgan Securities LLC and Morgan Stanley, has been fined $20,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Souma provided a customer with misleading and incorrect accounts reports…
Jon Richard Pariser of Pacific Grove, California, a stockbroker formerly registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $103,004.30 in damages supported by accusations that the customer had been persuaded by Pariser to invest their funds into an unregistered investment….
Sanjay Bhargava of Independence, Ohio, a stockbroker formerly registered with Securities America Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bhargava took part in private securities transactions during the time that he was employed by Securities…
James Earl Simpson of Toledo, Ohio, a stockbroker formerly registered with Equitable Advisors LLC, is identified in a customer initiated investment related written complaint which was settled for $51,500.00 on January 28, 2022, founded on allegations that the customer was sold an unsuitable variable annuity through Simpson when he was employed by Equitable Advisors. According…
Mark Charles Cohen of New York, New York, a stockbroker formerly registered with BCG Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $55,000.00 in damages based upon accusations of BCG Securities’ failure to supervise trading in the customer’s account, resulting in unsuitable real estate…
Robert James D’Andria (also known as Bobby Dandria and Bob Dandria) of Spring Lakes, New Jersey, a stockbroker currently registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations of negligent supervision, fraud, unauthorized trading, breach of…
Matthew Howard Smith of Clifton Park, New York, a stockbroker formerly registered with Securities America Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to cooperate with investigators in regard to the reason for his termination as a stockbroker from Securities America. Department of Enforcement v. Matthew Smith, Disciplinary…
Walter Warren Parker of Addison, Texas, a stockbroker formerly registered with Titan Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought between $50,000.00 and $100,000.00 in damages founded on allegations of unsuitable alternative investments, including BDCs and real estate securities when Parker was associated with…
Ian Phillip Lowrey of Brandon, South Dakota, a stockbroker formerly registered with Spartan Capital 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 supported by findings that he executed excessive trades in customer accounts resulting in losses to Spartan Capital…
Stephanie Jing Wen Xiao of Harrisburg, Pennsylvania, a stockbroker formerly registered with PFM Fund Distributors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Xiao failed to cooperate with a FINRA investigation concerning allegations of Xiao’s trading in an unapproved account while registered…
Bradley Carl Mascho of Frederick, Maryland, a stockbroker formerly registered with Western International Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages supported by accusations of Mascho’s unsuitable trading in the customer’s account concerning exchange-traded funds while Mascho was registered with Western International…
Bennett Robert Zamani of Paramus, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $27,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zamani engaged in outside business activities and had provided prospective investors with unbalanced and unfair…
Brian Radoo of North Woodmere, New York, a stockbroker formerly registered with Next Financial Group Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $76,000.00 in damages based upon accusations that the customer was provided bad advice by Radoo regarding purchases of non-traded real estate investment…
Jesus Jose Alvidrez of Brea, California, a stockbroker formerly registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Alvidrez failed to comply with a FINRA investigation concerning alleged outside business activities while registered with Transamerica Financial Advisors. Letter…
David Richard Geake of Chicago, Illinois, a stockbroker registered with American Trust Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $965,793.00 in damages based upon allegations of breach of contract, negligence, fraud, violation of Illinois securities laws, violation of FINRA Rules 2311,…
Kaival Patel of Hackensack, New Jersey, a stockbroker formerly registered with Stifel Nicolaus Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Patel was uncooperative with FINRA’s investigation into allegations of Patel committing fraud. Letter of Acceptance, Waiver, and Consent No. 2022074024401 (May…
Noel Ray Vincent of Houston, Texas, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations of unsuitable recommendations by Vincent when he was associated with Madison Avenue Securities. Financial…
Edgar A. Kleydman of Brooklyn, New York, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is named in a customer initiated investment related FINRA securities arbitration claim where the customer received an award of $10,325.32 in damages supported by findings of Kleydman’s sales practice violations. The Statement of Claim alleges negligence,…
Jeffrey Raymond Dixson of Vancouver, Washington, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by allegations of unsuitable alternative investment recommendations by Dixson, which included sales of limited partnership interests or direct participation program…
Edric Michael McSween of Naples, Florida, a stockbroker formerly registered with Ameriprise Financial Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with the regulator while under investigation for potentially engaging in unauthorized outside business activities and unauthorized…
Torch Securities LLC, a securities broker dealer headquartered in Sugar Land, Texas, has been censured and fined $17,500.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Torch Securities failed to supervise private placement transactions recommended to customers. Letter of Acceptance, Waiver, and Consent No. 2019062311702 (May 6, 2022). According to the AWC, from…
Vincent John Villani of New York, New York, a stockbroker currently registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages founded on accusations that the customer had been sold unsuitable private placements by Villani while he was employed by…
Matthew William Crafa of Garden City, New York, a stockbroker currently registered with Royal Alliance Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $525,000.00 in damages founded on accusations of breach of fiduciary duty, negligence, misrepresentation, and the violation of FINRA Rules 2111 and 2110…
Peter J. Fetherston of New York, New York, a stockbroker formerly registered with Principal Securities Inc., has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint that alleges Fetherston’s misappropriation and conversion of funds belonging to two customers of Principal Securities. Department of Enforcement v. Peter J. Fetherston, Disciplinary Proceeding No. 2020065396501 (May…
William Franklin Richardson (also known as Frank Richardson) of Houston, Texas, a stockbroker formerly registered with Investacorp Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $90,000.00 in damages based upon accusations of unsuitable Business Development Company and Real Estate Investment Trust purchases by Richardson while he…
Charles Chester Kulch of Nashua, New Hampshire, a stockbroker formerly registered with Next Financial Group Inc., has been barred by Massachusetts Securities Division from being a stockbroker supported by allegations of Kulch making unsuitable recommendations to customers on variable annuities and non-traded real estate investment trusts. In the Matter of Charles C. Kulch Docket No….
Philip Anthony Simone of Irvine, California, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is identified in a customer initiated investment related written complaint on December 30, 2021, where the customer requested compensatory damages supported by accusations that Simone did not pay them back on a loan Simone received while registered…
Daniel James Lauletta of Cleveland, Ohio, a stockbroker formerly registered with MML Investors Services LLC, is the subject of an Arkansas Securities Department regulatory investigation in which the Department might file a complaint seeking revocation, administrative fines, and a cease and desist order against Lauletta based upon allegations that Lauletta potentially violated Arkansas Securities Act…
Berthel Fisher Company Financial Services, a securities broker-dealer headquartered in Cedar Rapids, Iowa, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that it recommended unsuitable options to a customer and failed to supervise options trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018057425202…
IBN Financial Services Inc., a securities broker-dealer headquartered in Liverpool, New York, has been censured and fined $45,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that IBN negligently omitted information to customers in connection with GPB Capital Offerings. Letter of Acceptance, Waiver, and Consent No. 2019061214401 (April 14, 2022). According to the AWC,…
Daniel Todd Levine of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $8,500.00 in damages based upon allegations of unsuitable trading and private securities transactions by Levine while he was employed by Morgan Stanley. Financial Industry…
Janie Garza-Clark of Scottsdale, Arizona, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Garza-Clark failed to testify in an investigation relating to allegations of her activities with a customer during the time that Garza-Clark…
Bruce Cameron Amman of Golden, Colorado, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Amman engaged in private securities transactions during the time that he was employed by LPL Financial. Letter of…
Steven Andrew Greer of Charlotte, North Carolina, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related civil lawsuit where the customer requested $25,000.00 in damages based upon allegations of unsuitable recommendations by Greer concerning direct participation programs, business development corporations, real estate securities, and fixed annuities during…
Shawn Edward Good of Wilmington, North Carolina, a stockbroker formerly registered with Morgan Stanley, has been charged by Securities and Exchange Commission (SEC) with operating a Ponzi scheme causing $2,000,000.00 in losses to investors. SEC v. Shawn Good, Case No. 7:22-cv-00060 (April 18, 2022). According to the Complaint, between December 2012 and February of 2022,…
Michael William Leahy of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company LLC, is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $2,842,976.79 in damages based on Leahy being found liable for sales practice violations. Financial Industry Regulatory Authority (FINRA) Arbitration…
Doan Cong Nguyen of Vancouver, British Columbia, a stockbroker formerly registered with Raymond James (USA) Ltd., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with FINRA while under investigation for an undisclosed outside business activity while registered with Raymond…
Adam Gerard Belardino of Elmsford, New York, a stockbroker formerly registered with MML Investors Services LLC, is identified in a customer initiated investment related written complaint which was resolved for $13,431.00 on December 21, 2021, founded on accusations that unsuitable real estate investment trusts were sold to the customer by Belardino during the time that…
Philip Marchese of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC, has been suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Marchese made unsuitable recommendations to a customer when Marchese was employed by Spartan Capital. Letter of…
Samuel Girgiss of New York, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of excessive trading, unsuitable trading, and failure to supervise by Worden Capital Management. Financial Industry Regulatory Authority (FINRA)…
Philip Anthony Riposo of Cave Creek, Arizona, a stockbroker formerly registered with United Planners’ Financial Services of America, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with a FINRA investigation concerning allegations of his creation of fake account statements…
Clifford Ronald Reid of New York, New York, a stockbroker currently registered with Reid Rudiger LLC, is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $21,000.00 in damages supported by accusations that Reid breached a fiduciary duty to the customer in reference to stock and over-the-counter equities trades…
John Scott Winslow of Gig Harbor, Washington, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Winslow failed to cooperate with a FINRA investigation concerning accusations of his failure to return funds provided to him from an…
Samuel Ray Head of Seneca, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $60,000.00 in damages based upon allegations of unsuitable trading by Head relating to a closed-end fund while Head was associated with Voya Financial…
Jonathan Adam Stuffer (also known as Jon Stuffer) of Staten Island, New York, a stockbroker formerly registered with JP Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA during the time that it investigated his…
Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded…
Ryan James Ott of Woodbridge, New Jersey, a stockbroker formerly registered with Equitable Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to cooperate with FINRA’s request for information. Case No. 2020068564201 (November 1, 2021). According to FINRA Public Disclosure,…
Chad Mackland of Council Bluff, Iowa, a stockbroker formerly registered with Lion Street Financial and MML Investors Services, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative supported by findings of Mackland pleading guilty to a charge of Ongoing Criminal Conduct. Order Instituting Administrative Proceedings File…
Christopher John Passero of Hurricane, West Virginia, a stockbroker currently registered with Money Concepts Capital Corp, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Passero shared in customers’ losses when he was registered with Money Concepts Capital…
George Louis McCaffrey of Englewood, Colorado, a stockbroker formerly registered with NTB Financial Corporation (formerly known as Neidiger Tucker Bruner Inc.), is referenced in a customer initiated investment related civil action on September 16, 2021, in which the customer sought $1,702,000.00 in damages based upon accusations of false representations by McCaffrey concerning a promissory note…
Robert C. David of Farmington Hills, Michigan, a stockbroker formerly registered with Morgan Stanley Smith Barney LLC, has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he falsified customer account information, overconcentrated customers’ accounts in lower-quality securities, and…
Jay Sailesh Sheth of New York, New York, a stockbroker currently registered with National Securities Corporation, has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Sheth’s undisclosed private securities transactions, sharing in customer losses, and use of communication…
John Joseph Conroy of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations of negligence and fraud as it pertained to stock trades executed in the customer’s account while Conroy…
Neil David Berlant of Los Angeles, California, a stockbroker formerly registered with DA Davidson Co., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he executed discretionary trades in customer accounts without written authorization and mismarked customer order…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster, Pennsylvania, a stockbroker formerly registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $275,000.00 in damages based upon accusations that Braverman provided unsuitable advice to the customer regarding direct participation program…
Marianne Oshee Smith of Avon, Connecticut, a stockbroker formerly registered with Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she converted funds from elderly customers of Cetera Advisors. Letter of Acceptance, Waiver, and Consent No. 2021071670001 (April 5, 2022). According…
Christopher Grant Conness of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that the customer was provided with unsuitable recommendations of real estate securities and alternative investments, including direct…
Jeffrey Paul Weiner of New York, New York, a stockbroker formerly registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Weiner’s unauthorized activities, including impersonating a Pruco Securities customer to identify information on…
Cindy Lucille Porto Chiellini of Lexington, South Carolina, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages founded on allegations of unsuitable real estate securities and corporate bonds being recommended by Chiellini during the time that…
John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unsuitable recommendations, falsifying information on Westpark Capital’s books and records relating to his solicitation of trades, and falsifying statements to the securities broker dealer regarding his…
Kevin Marshall McCallum of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $725,650.00 in damages founded on allegations that the customer was overconcentrated in a business development company (BDC) when McCallum was registered with LPL Financial LLC….
Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages based upon allegations that Fasciglione made misrepresentations to the customer regarding stocks during the time that he was employed by Aegis Capital…
Jonathan Michael Turner of Hershey, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Turner’s participation in private securities transactions when he was registered with Ameriprise Financial Services. Letter of Acceptance, Waiver,…
Michael McDermott Sr. of Mobile, Alabama, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in unauthorized trading and had falsified documents during the time that he was registered…
Dustin Paul Shafer of Springfield, Illinois, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations that the customer was placed into unsuitable direct participation program interests or limited partnership interests when Shafer was employed…
Scott Neil Hananel of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, has been fined $7,500.00 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hananel engaged in unsuitable and excessive trading when he was associated with Aegis Capital…
Scott Michael Rosenberg of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $8,000,000.00 in damages based upon accusations that Rosenberg provided unsuitable recommendations and misrepresented information concerning an options overlay strategy that the…
Francis Joseph Velten (also known as Frank Velten) of New Port Richey, Florida, a stockbroker formerly registered with Summit Brokerage Services Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to cooperate in a FINRA investigation into accusations of Velten’s churning of customer accounts when he was employed by…
Stephen Spencer Gladstone of New York, New York, a stockbroker formerly registered with Liberty Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, supported by findings that Gladstone failed to cooperate with FINRA when he was under investigation for a private securities transaction. Letter of Acceptance,…
Patrick Nicholas Teutonico of Seaford, New York, a stockbroker currently registered with Network 1 Financial Securities, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Teutonico made excessive and unsuitable trades during the time that he was associated with Network 1…
StockKings Capital LLC and Gregory Antonius Lewis (CEO) of New York, New York, have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Order containing findings that false and misleading marketing communications were made by StockKings and Lewis and that written disclosures were not made in private placement offerings. Department of Enforcement v….
James Blake Daughtry of Dothan, Alabama, a stockbroker formerly registered with Kestra Investment Services, is identified in an investment related lawsuit which was resolved for $65,000.00 in damages based upon allegations that Daughtry wrongfully solicited the investor’s funds to be held with an investment advisor that Securities and Exchange Commission (SEC) found to have committed…
Geneos Wealth Management, a securities broker dealer headquartered in Centennial, Colorado, has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that it failed to supervise alternative investment transactions, resulting in losses to Geneos Wealth Management customers. Letter of Acceptance, Waiver, and Consent No. 2019061764701 (March 18, 2022). According to…
John Edward Massa of Staten Island, New York, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages based upon accusations of Massa’s unsuitable recommendations of real estate investment trusts (REITs) when he was associated with Cetera Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No….
David Michael Stevens of La Jolla, California, a stockbroker formerly registered with Park Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of unauthorized transactions and forgery when Stevens was registered with Park Avenue Securities. Letter of Acceptance, Waiver, and Consent No. 2020068606301…
Mark Allen Barrand of Denver, Colorado, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on accusations of Barrand’s unsuitable investment advice as it pertained to real estate securities when Barrand was registered with…
Dempsey Lord Smith, a securities broker dealer headquartered in Rome, Georgia, has been censured and fined $70,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it made unsuitable investment recommendations and failed to tell investors adverse information about GPB Capital Holdings LLC. Letter of Acceptance, Waiver, and Consent No. 2019061213901 (March 21, 2022)….
John Stephen Pronovost of Watertown, Connecticut, a stockbroker formerly registered with Cambridge Investment Research, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $43,534.53 in damages supported by accusations of misrepresentation by Pronovost regarding the customer’s investment in LJM Preservation and Growth Fund, resulting in damages to…
Marc Augustus Reda of New York, New York, a stockbroker formerly registered with Spartan Capital Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he churned investor accounts and made unauthorized trades when he was employed by Spartan Capital Securities. Department of Enforcement…
Mark Allen Frommer of Chicago, Illinois, a stockbroker formerly registered with Morgan Stanley, is referenced in a customer initiated investment related written complaint on December 3, 2021, in which the customer sought $700,000.00 in damages supported by allegations of unauthorized trading by Frommer when he was registered with Morgan Stanley. Frommer has been identified in…
David Robert McDonnell (also known as Dave McDonnell) of Laguna Beach, California, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation centered on allegations of McDonnell’s potential private…
Shawn Bruce Davis of Auburn, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by accusations that REIT and interval fund transactions effected in the customer’s account by Davis were unsuitable for the customer during…
Michael Joseph Giannetti of McKinney, Texas, a stockbroker formerly registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with the request FINRA made during its investigation into his potential outside business activities while registered…
Gerald James O’Halloran of Punta Gorda, Florida, a stockbroker currently registered with Union Capital Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations of O’Halloran’s unsuitable recommendations to the customer concerning business development companies (BDCs) and limited partnerships (LPs)…
Gerard Joseph Costello of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is the subject of a customer initiated investment related civil action in which investors collectively sought $1,200,000,000.00 in damages founded on allegations of Costello’s failure to disclose risks concerning Yield Enhancement Strategy (YES) when Costello was registered with…
Alpine Securities Corporation, a securities broker dealer headquartered in Salt Lake City, Utah, has been expelled as a securities broker dealer and ordered to cease and desist violating FINRA rules founded on findings of Alpine Securities Corporation’s misuse and conversion of customer funds, as well as its mismanagement and unauthorized trading in customer accounts. Department…
Masood Husain Azad (also known as Mike Azad) of League City, Texas, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on accusations of breach of contract, misrepresentation, and negligent supervision of the customer’s…
Arkady Ginsburg of New York, New York, a stockbroker currently registered with Aegis Capital Corp, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of his excessive trading in customers’ accounts during the time that he was employed by Aegis Capital Corp….
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $15,801.50 in damages based upon allegations that the customer’s account had been overconcentrated by Martinsen in real estate securities in illiquid investments while…
Eric Edward Nicolassy of Red Bank, New Jersey, a stockbroker formerly registered with Woodstock Financial Group Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nicolassy engaged in unauthorized trades in customer accounts while he was employed by Woodstock Financial…
Thomas Edison Kelly of New York, New York, a stockbroker currently registered with Aegis Capital Corp., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $20,651.79 in damages based upon accusations of breach of fiduciary duty, breach of contract, and unsuitable transactions by Kelly when he was associated…
Ray Gene Reese of Farmington, Missouri, a stockbroker currently registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $40,000.00 in damages founded on allegations of Reese’s unsuitable advice regarding a real estate security the customer purchased during the time that Reese…
Dan Edward Droeg (also known as Dan Edwards Droeg) of Mesa, Arizona, a stockbroker formerly registered with United Planners Financial Services of America, a Limited Partner, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of conversion (misuse of investor funds) when Droeg was registered…
Scott Thomas Wolfrum of Indianapolis, Indiana, a stockbroker formerly registered with David Noyes Company, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that unsuitable recommendations were made to the customer by Wolfrum concerning alternative investments, including real…
Stephen Gregory Whitman (also known as Steve Whitman) of Chesterfield, Missouri, a stockbroker formerly registered with Oppenheimer Co. Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to provide information to FINRA when it investigated him for a customer complaint. Department of Enforcement v. Stephen G. Whitman, Disciplinary Proceeding…
Luke Michael Johnson of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by accusations of Johnson made unsuitable recommendations to the customer concerning real estate securities and direct investments, including direct participation…
Vorpahl Wing Securities and Tim James Vorpahl (President and CCO), of Spokane, Washington, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm and Vorpahl failed to supervise suitability of securities transactions and failed to supervise trading, resulting in excessive trading in Vorpahl Wing Securities customer’s accounts. Letter of Acceptance,…
Lester William Burroughs (also known as Chad Burroughs) of Torrington, Connecticut, a stockbroker formerly registered with Lincoln Investment Planning LLC (Lincoln Investment), is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by accusations of misrepresentations relating to fixed and variable annuities when Burroughs was employed…
Scott Wayne Reed of Scottsdale, Arizona, a stockbroker formerly registered with First Financial Equity Corporation, is referenced in a customer initiated investment related written complaint on September 15, 2021, where the customer sought compensatory damages based upon accusations of the customer being recommended unapproved outside investments by Reed when he was associated with Wells Fargo…
Bentley Edward Blackmon of Little Rock, Arkansas, a stockbroker formerly registered with securities broker dealer, Stephens, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blackmon engaged in private securities transactions while he was associated with Stephens. Letter…
Randy Lee Birkinbine, of North Oaks, Minnesota, a stockbroker formerly registered with Ausdal Financial Partners Inc., is referenced in a customer initiated investment related securities arbitration claim where the customer requested $100,000.00 in damages founded on accusations of breach of fiduciary duty concerning Birkinbine’s private placements when he was employed by Ausdal Financial Partners. Financial…
Matthew Stern Buchsbaum of New York, New York, a stockbroker currently registered with UBS Financial Services, is referenced in a customer initiated investment related class action complaint in which customers sought $1,200,000,000.00 in damages supported by accusations of the failure to disclose risks, conflicts of interest, and performance of Yield Enhancement Strategy (YES) between 2016…
John Joseph Stapleton of Garden City, New York, a stockbroker currently registered with Spartan Capital Securities, is referenced in a customer initiated investment related securities arbitration claim which was settled for $10,000.00 in damages founded on allegations of unsuitable investment recommendations and misrepresentations by Stapleton when he was employed by Spartan Capital Securities. Financial Industry…
James Andrew Geake (also known as Jim Geake) of Skokie, Illinois, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA arbitration claim which was settled for $450,000.00 in damages supported by accusations of unsuitable recommendations by Geake regarding alternative investments, including Hospitality Investors Trust, during the time…
Gregory Scott Hanshew (also known as Greg Scott Hanshew), a stockbroker formerly registered with Infinity Financial Services, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Hanshew failed to cooperate in a FINRA investigation after being asked to provide documents and information to the regulator. Department of Enforcement v. Gregory…
Steven Martin Barnett of Jacksonville, Florida, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Barnett mismarked customer order tickets while he was employed by LPL Financial. Letter of Acceptance,…
Donovan Thomas Kelly of Billings, Montana, a stockbroker currently registered with Independent Financial Group, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kelly engaged in private securities transactions when he was registered with Independent Financial Group. Letter…
Paul Ronald Koch of Wayzata, Minnesota, a stockbroker formerly registered with RBC Capital Markets LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA while he was under investigation for allegedly making unsuitable investment recommendations and diverting funds…
Terry Tzagarakis (also known as Terry Rakis) of Bay Ridge, New York, a stockbroker formerly registered with Spartan Capital Securities, is referenced in a customer initiated investment related FINRA arbitration claim where the customer requested $1,240,169.28 in damages supported by accusations that between 2013 and 2021, the customer’s account had been churned. Financial Industry Regulatory…
Michael Joseph Muratore of Ardsley New York, a stockbroker formerly registered with JP Morgan Securities, has been fined $25,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Muratore’s forgery of annuities documents during the time that he was registered with JP…
David Michael Lademan of Okemos Michigan, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA arbitration claim in which the customer sought up to $500,000.00 in damages founded on allegations of negligent supervision and breach of contract concerning private placements and real estate securities through Lademan at…
Andrew Benjamin Edenbaum of Aventura Florida, a stockbroker formerly registered with National Securities Corporation, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Edenbaum participated in private securities transactions while he was registered with National Securities Corporation. Letter…
John Anthony Orlando of Melbourne Beach, Florida, a stockbroker currently registered with SW Financial LLC, is the subject of a FINRA investigation where FINRA has recommended that Orlando face disciplinary action founded on accusations of his violation of federal securities laws and FINRA rules. FINRA Investigation No. 20190636333 (February 22, 2022). According to FINRA Public…
Ricky Alan Mantei (also known as Ricky Alan Mantel), a stockbroker and branch manager of Centaurus Financial, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that between 2013 and 2019, misrepresentations and unsuitable trades were made at Centaurus Financial. Financial…
Dan Edward Droeg (also known as Dan Edwards Droeg) of Mesa, Arizona, a stockbroker formerly registered with United Planners Financial Services of America, a Limited Partner, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of conversion (misuse of investor funds) when Droeg was registered…
Brian Orlando Blanco of Bloomington, Illinois, a stockbroker formerly registered with State Farm VP Management Corp., has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he forged his customers’ signatures on applications when associated with State Farm VP…
Albert Foronda of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $36,836.24 in damages founded on accusations of unauthorized and unsuitable trading by Foronda concerning a private placement when Foronda was registered with Spartan Capital…
William David Hobby of Atlanta, Georgia, a stockbroker formerly registered with UBS Financial Services Inc., is identified in a customer initiated investment related written complaint which was resolved for $229,000.00 on October 2, 2019, supported by allegations of the customer being placed into unsuitable over-the-counter equities when Hobby was employed by UBS Financial Services. According…
Alan Robert Price of Frankfort, Indiana, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Price borrowed money from an Edward Jones customer and failed to provide information and documents to…
Dale Edward Wright of Henrico, Virginia, a stockbroker formerly registered with Cambridge Investment Research Inc., is identified in a customer initiated investment related written complaint on August 4, 2021, where the customer sought compensatory damages founded on allegations of unsuitable investment advice involving life insurance policies and investment strategies when Wright was registered with Cambridge…
Richard Foerster Reynolds of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $1,606,034.39 in damages supported by allegations of breach of fiduciary duty and churning of the customer’s account by Reynolds when he was registered with…
Andrew Bruce Elsoffer of Pepper Pike, Ohio, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized trading, loaned funds to a Stifel Nicolaus customer, and…
Michael Gerard Tate (also known as Mike Tate) of San Mateo, California, a stockbroker formerly registered with Securian Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $37,500.00 in damages supported by accusations of Tate making an unsuitable sale of a variable annuity to the…
Richard Harris Sall of Duluth, Minnesota, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related written complaint on January 10, 2020, where the customer sought $22,792.85 in damages based upon allegations of the customer being misled in regard to a variable annuity purchase that subjected the customer…
Worden Capital Management LLC, a securities broker dealer headquartered in Garden City, New York, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to supervise private placement offerings, including its failure to conduct due diligence to ensure that investments were suitable for investors. Department of Enforcement v. Worden Capital Management…
Serge Parakhnevich (also known as Serge Parker) of New York, New York, a stockbroker currently registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $14,999.00 in damages based upon accusations of breach of fiduciary duty by Parakhnevich concerning over-the-counter equities executed in the…
Joseph Kelly (also known as Joe Kelly) of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA arbitration claim in which the customer requested $844,107.44 in damages founded on allegations that Spartan Capital Management failed to supervise private placement and stock transactions…
Jason Andrew Wilk (also known as Jason A. Wilks) of New York, New York, a stockbroker formerly registered with Worden Capital Management, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Wilk failed to testify in a FINRA investigation regarding allegations of his excessive…
Fusion Analytics Securities LLC, a securities broker dealer headquartered in Coral Springs, Florida, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with defrauding investors in relation to the sale of bond offerings. Department of Enforcement v. Fusion Analytics Securities LLC, Disciplinary Proceeding No. 2018059545604 (March 7, 2022). According to the Complaint,…
Nicholas James Schiano of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages founded on accusations that the customer’s account was churned and that unauthorized trades were made by Schiano during…
Paul Warren Vizanko of Duluth, Minnesota, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Vizanko failed to respond to FINRA’s request for information regarding the borrowing and misappropriation of customer funds. Case No….
Lance Colby Walston of San Antonio, Texas, a stockbroker formerly registered with Dominion Portfolio Management Inc., is referenced in a customer initiated investment related written complaint that was resolved on June 8, 2021, for $150,000.00 in damages based upon accusations of Walston’s inappropriate options transactions causing losses in the customer’s Dominion Portfolio Management account between…
Marshall Owen Isaacson of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $75,000.00 in damages founded on allegations of negligence, breach of contract, and breach of fiduciary duty by Isaacson in regard to alternative investment transactions,…
Michael Walter Mandel of Upper Saddle River, New Jersey, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions while he was associated with Royal…
Anthony Glenn Hall of Dayton, Texas, a stockbroker formerly registered with Edward Jones, is referenced in a customer initiated investment related written complaint on December 18, 2020, in which the customer requested $300,000.00 in damages based upon accusations that funds were “improperly removed” from the customer’s account when Hall was registered with Edward Jones. The…
Mark William Pearcy of San Diego, California, a stockbroker formerly registered with MSI Financial Services Inc. (MetLife), is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages based upon allegations of Pearcy’s misrepresentation of a variable universal life insurance policy during the time that Pearcy was employed by…
Steve Jeffrey Cummings of Fort Deposit, Alabama, a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $250,000.00 in damages based upon allegations of Cummings’ misrepresentations and unsuitable sales of a business development company and real estate security…
Jon Matthew Stankovich of Toms River, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA during the period that he was under investigation due to “[c]oncerns regarding [his] allocation…
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $370,006.75 in damages based upon accusations of fraud and the violation of federal and Texas securities laws concerning mutual fund and direct…
William Michael Robertson of Deer Park, Texas, a stockbroker formerly registered with First Allied Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages based upon allegations of negligence and breach of contract in regard to real estate security transactions executed by Robertson during…
Carl Wade Thomason, of Overland Park, Kansas, a stockbroker formerly registered with OFG Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with a FINRA investigation concerning accusations of his outside business activities. Letter of Acceptance, Waiver,…
Stephen Allen Sylvester (also known as Steve Sylvester), of Groton and Waterford, Connecticut, a stockbroker currently registered with CUNA Brokerage Services Inc., is referenced in a customer initiated investment related written complaint which was settled on November 2, 2021, to resolve allegations that Sylvestor made the unsuitable recommendation to purchase a fixed annuity transaction during…
Bradford Eric Bugher, of Wilmington, Delaware, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages supported by accusations of Bugher’s failure to “follow instructions” relating to the customer’s common and stock transactions between November…
Michael G. Mancinelli (also known as Michael Mann), a stockbroker formerly registered with Dinosaur Financial Group LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unauthorized trading when he was registered with Dinosaur Financial Group. Letter of…
Sean P. McCabe, of Westbury, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $330,113.00 in damages supported by accusations of misrepresentation relating to stock trading during the time that McCabe was employed by Worden Capital Management….
Kirby Spencer McDonald, of Omaha, Nebraska, a stockbroker formerly registered with Cetera Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages founded on accusations of unsuitable recommendations by McDonald regarding real estate security transactions when McDonald was associated with Cetera Advisors. FINRA…
Michael Anthony Valdini, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,277,631.00 in damages founded on allegations of breach of contract and violations of both FINRA and SEC rules concerning over-the-counter equities…
Gina Rea Kidd, of Bedford, Virginia, a stockbroker formerly registered with Allstate Financial Services, has been charged by Financial Industry Regulatory Authority (FINRA) with impeding a FINRA investigation by failing to testify regarding her alleged involvement with an unregistered person relating to securities business. Department of Enforcement v. Gina Kidd, Disciplinary Proceeding No. 2019064729705 (February…
James J. Mariani, of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $291,100.00 in damages founded on accusations that Mariani provided unsuitable investment recommendations to the customer to purchase non traded real estate securites while…
William Nicholas Athas, of Melville, New York, a stockbroker formerly registered with Worden Capital Management and KC Ward Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement issued by FINRA Office of Hearing Officers. Department of Enforcement v. William…
Ahmet Kildis (also known as Matt Kildis), of Bayonet Point, Florida, was named in a customer initiated investment related FINRA securities arbitration claim where the FINRA Arbitration Panel ordered the modification of beneficiaries on a SunTrust investment account and ordered Kildis and SunTrust to pay $18,207.45 in costs based upon causes of action including breach…
Robert Hayes Hoffmann, of Greenwood, Indiana, a stockbroker formerly registered with Woodbury Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages based upon the alleged unsuitable recommendations to purchase variable annuities during the time that Hoffmann was registered with Woodbury Financial…
John Dennis Lowry, of New York, New York, a stockbroker and Chief Executive Officer of Spartan Capital Securities, is referenced in another customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations including failure to supervise, unauthorized trading, misrepresentation, unsuitability, breach of fiduciary duty, and churning concerning…
Jorge Luis Alfonso, of Miami, Florida, a stockbroker formerly registered with Infinex Investments Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages founded on accusations of breach of fiduciary duty as it pertained to Northstar Financial Services Bermuda products when Alfonso…
Joseph Morris Thurnherr, of Brandon, South Dakota, a stockbroker formerly registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages founded on allegations of negligent supervision, breach of fiduciary duty, and breach of contract during the time that Thurnherr…
Howell Gregory Ferguson (also known as Gregg Ferguson), of Bellville, Texas, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of forgery and false statements to the regulator by Ferguson during…
Vincent Leonard Petrangelo, of Springfield, Massachusetts, a stockbroker formerly registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on allegations of failure to supervise stock and mutual fund trading in the customer’s account when Petrangelo was employed…
John Belk Daughtridge, of Mount Pleasant, South Carolina, a stockbroker formerly registered with Raymond James Associates Inc. and Morgan Stanley, is referenced in a customer initiated investment related written complaint that was resolved on June 1, 2021, for $15,000.00 in compensation to the customer founded on accusations of unauthorized trading by Daughtridge at Morgan Stanley…
Barry Lee Garapedian, of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,414,268.49 in damages supported by accusations of unsuitable exchange-traded funds and variable annuity transactions in the customer’s account when Garapedian was registered with Morgan…
Christopher Edward Bond, of Melville, New York, a stockbroker currently registered with National Securities Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unauthorized trading in National Securities Corporation customer accounts. Letter of Acceptance, Waiver, and Consent No….
William Danny Chancellor (also known as Danny Chancellor), of Ridgeland, Mississippi, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $132,000.00 in damages based upon allegations that he made the unsuitable recommendation of alternative investments when he was associated…
David Joseph Campanella, of Cleveland, Ohio, a stockbroker formerly registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Campanella falsified information in a FINRA investigation concerning accusations of his involvement in undisclosed financial accounts while registered with US…
Marlyn Leroy McClain (also known as Marylou Leroy McClain), of Elkhorn, Nebraska, a stockbroker currently registered with NYLife Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested compensation founded on allegations of unsuitable investment recommendations by McClain regarding the purchase of variable universal life insurance policies…
William Charles Burks (also known as Bill Burks II), of Flower Mound, Texas, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages founded on accusations of breach of fiduciary duty by Burks regarding a real estate…
Robert Jonathan Spencer, of Cheektowaga, New York, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation regarding allegations of his private securities transactions when he was employed…
Marcious Dickerson (also known as Marty Dickerson), of Livonia, Michigan, a stockbroker currently registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $39,500.00 in compensation to the customer founded on accusations that between March 23, 2020, and June 26, 2020, unauthorized trading of…
Shaun Evan Stein, of Jersey City, New Jersey, a stockbroker currently registered with National Securities Corp, is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $20,000.00 in damages based upon allegations of unsuitable recommendations by Stein in regard to a private placement, real estate security, and over-the-counter equity…
Neil Stanley Kaplan, of Bethesda, Maryland, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $240,000.00 in compensation based upon accusations that trades were executed in the customer’s account on an excessive basis by Kaplan while at Morgan Stanley. Financial…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on FINRA Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Mohamed failed to cooperate in a FINRA investigation relating to…
Darren Wayne Oglesby, of Monroe, Louisiana, a stockbroker currently registered with Money Concepts Capital Corp and Money Concepts Advisory Services, is referenced in a customer initiated investment related FINRA arbitration claim where the customer sought $191,000.00 in damages based upon allegations of Oglesby’s omissions of risks concerning alternative investments sold to the customer during the…
Donald George Sperring, of Pittsburgh, Pennsylvania, a stockbroker formerly registered with Equitable Advisors LLC (AXA Advisors LLC), is the subject of a customer initiated investment related written complaint which was settled for $15,000.00 in damages based upon accusations of the potential misappropriation of the customer’s funds by Sperring when he was employed by Equitable Advisors….
Jimmy William Nunez, Jr. of Edgewater, New Jersey, a stockbroker formerly registered with Allstate Financial Services LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nunez forged a customer’s signature and falsified responses to FINRA when under…
Michael Murray Knittel (also known as Michael M. Lopez-Knittel), of El Dorado Hills, California, a stockbroker formerly registered with Fortune Financial Services Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Knittel’s selling away or engaing in…
Kurt Anthony Stein of New York, New York, a stockbroker formerly registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations of unsuitable investment recommendations concerning non-traded Real Estate Investment Trusts or REITs while Stein was employed by National…
Francis Cid (also known as Frank Cid), of Little Neck, New York, a stockbroker formerly registered with CBC Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with FINRA’s investigation into accusations of Cid’s private securities transactions when…
Willard Louis Pugh, of Boca Raton, Florida, a stockbroker formerly registered with National Securities Corp, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $60,000.00 in damages supported by allegations of an unsuitable private placement transaction by Pugh while he was associated with National Securities Corp. Financial Industry Regulatory…
Pratul Victor Agnihotri (also known as Pratol Agnihotri), of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC and Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $83,086.81 in damages based upon accusations that between 2013 and 2021, their…
Dennis Phillip Ayre, of Beverly Hills, California, a stockbroker formerly registered with Hilltop Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he refused to testify in FINRA’s investigation regarding accusations of Ayre’s unsuitable recommendations to customers. Letter of Acceptance, Waiver, and…
Kelly Diane Thomason (also known as Kelly Diane Jones), of Overland Park, Kansas, a stockbroker formerly registered with OFG Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she refused to cooperate with FINRA while she was under investigation. Letter of…
Jonathan David Cummings, of Hurst, Texas, a stockbroker formerly registered with Securities America Inc. and Investacorp Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $35,000.00 in damages based upon accusations of negligence as it pertained to alternative investments, including a real estate security transaction effected…
Raul Jorge Benitez of Miami, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $218,707.00 in damages supported by accusations of unsuitable transactions involving Northstar. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01667 (July 6, 2021). The claim…
Alon Zak, of Sherman Oaks, California, a stockbroker formerly registered with Pruco Securities LLC (Prudential), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings of Zak’s forgery and falsification of insurance applications and Zak’s failure to testify in a FINRA investigation….
Matthew Gates, of New York, New York, a stockbroker formerly registered with Joseph Gunnar Co. LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations of unsuitable purechases of real estate security products by Gates while he was employed by Joseph…
William Forrest Winchester (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker formerly registered with LPL Financial LLC and Raymond James Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages based upon accusations of misrepresentation and conversion during the time…
Steven Douglas Schisler, of Grass Valley, California, a stockbroker formerly registered with IFS Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement. Disciplinary Proceeding No. 2018058718601 (January 31, 2022). FINRA found that Schisler engaged in nine separate sales practice…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Arni Jay Diamond (also known as Arni Jat Diamond), of Charlotte, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that unsuitable real estate security transactions were effected in the…
Ronald Scott Bright, of Milwaukie, Oregon, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Bright effected unauthorized transactions in customer accounts during the time that he was employed by Edward Jones. Letter of…
Rebecca King Wah Ng-Tsang, of Bellevue, Washington, a stockbroker formerly registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related written complaint on November 21, 2021, in which the customer requested compensatory damages founded on allegations that Ng-Tsang made misrepresentations to them regarding real estate security products while she was…
CIM Securities LLC, a securities broker dealer headquartered in Centennial, Colorado, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that CIM Securities failed to supervise suitability requirements for private placement transactions. Letter of Acceptance, Waiver, and Consent No. 2019060957101 (January 31, 2022). According to the AWC, from September…
Michael Carleton Boothe (also known as Carleton M. Boothe), a stockbroker formerly registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations of Boothe’s breach of contract and negligence relating to direct investments, including limited…
Gilberto Briseno (also known as Gilbert Briseno), of Boutte, Louisiana, a stockbroker formerly registered with LPL Financial LLC, is identified in a customer initiated investment related written complaint on June 4, 2021, in which the customer requested $13,000.00 in damages based upon accusations of losses caused by unsuitable trading of closed-end funds and real estate…
Lynn Cooper Faust (also known as Donna Lynn Cooper), of Greenville, South Carolina, a stockbroker formerly registered with Raymond James Associates, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she made unsuitable recommendations to Raymond James Associates…
Mark Katz, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 18, 2020, where the customer sought $357,000.00 in damages supported by accusations of breach of fiduciary duty and misrepresentation by Katz concerning the customer’s investments at Hilltop Securities….
Kirk Badii, of Los Angeles, California, a stockbroker formerly registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages supported by accusations of mismanagement and unsuitable recommendations concerning alternative investments while Badii was associated with UBS Financial Services. Financial…
Thomas Patrick Barton, of Pittsburgh, Pennsylvania, a stockbroker formerly registered with Mutual of Omaha Investor Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of forgery and unauthorized transactions when Barton was registered with Mutual of Omaha Investor Services. Letter of Acceptance, Waiver,…
Sandra Benain McKoy, of Tamarac, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is the subject of a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages resulting from the purchase of Guaranteed Investment Certificates (GICs) while McKoy was associated with SunTrust Investment Services. Financial Industry Regulatory Authority…
Hayk Nmn Papoyan, of Van Nuys, California, a stockbroker formerly registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Papoyan providing false testimony to the regulator regarding an outside investment account. Letter of Acceptance, Waiver, and Consent No….
Jonathan Michael Ebel, of Hauppauge, New York, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., is referenced in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of excessive and unsuitable trading in the customer’s account by Ebel during the time that he…
Sean Joseph Kelly, of Marietta, Georgia, a stockbroker formerly registered with Center Street Securities Inc., is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $160,000.00 in damages based upon accusations of misrepresentations and unsuitable investments by Kelly regarding alternative investments sold to the customer while Kelly was…
Robert Emmett Pitiger, of Norwich, Vermont, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Pitiger altering documents and reusing customer signatures while Pitiger was employed by LPL Financial. Letter…
Barry David Abrams, of Marlton, New Jersey, a stockbroker formerly registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related written complaint on December 10, 2020, where the customer requested compensatory damages founded on allegations of Abrams providing an unsuitable investment recommendation to the customer concerning FS Energy Power Fund…
Scott Anthony Lanza of Boca Raton, Florida, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages founded on accusations of Lanza recommending unsuitable investments to the LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03871. (November…
Daniel James Lauletta, of Broadview Heights, Ohio, a stockbroker formerly registered with MSI Financial Services Inc., is identified in a customer initiated investment related civil lawsuit which was resolved for $1,150,000.00 in damages on December 10, 2021, based upon accusations of Lauletta’s deceptive sales tactics and negligence as it pertained to insurance policies sold by…
Christopher T. Joseph, of Toledo, Ohio, a stockbroker formerly registered with Royal Alliance Associates Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions and outside business activities when he was employed…
Theodore Hendrickus Franse (also known as Ted Franse), of Fair Oaks, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $9,500.00 in damages based upon accusations that they were sold unsuitable REITs by Franse when he was registered…
Joel Paul Kichline, of Saint Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Kichline’s unauthorized trading in Raymond James customer accounts. Letter of Acceptance, Waiver, and Consent No. 2020067473501…
David Allan Cohen, of Rockville, Maryland, a stockbroker formerly registered with Equitable Advisors, is identified in a customer initiated investment related written complaint on September 22, 2020, where the customer requested compensatory damages supported by accusations of unauthorized transactions, including loans against a customer’s insurance policy without their consent while Cohen was associated with Equitable…
Joseph Brian LaScala Jr. (also known as Joe LaScala Jr.), of Melville, New York, a stockbroker currently registered with Aegis Capital Corp, has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of LaScala’s unsuitable and unauthorized trading in Aegis…
Michael Scott Androulakis (also known as Mike Andrews), of New York, New York, a stockbroker currently registered with Alexander Capital LP, is identified in a customer initiated investment related, FINRA Securities Arbitration claim which was settled for $8,000.00 in damages supported by accusations of Androulakis’ breach of contract and negligence concerning a non-traded real estate…
Daniel George McPherson (also known as Dan McPherson), of Idaho Falls, Idaho, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim which was resolved for $57,500.00 in damages supported by accusations of McPherson making unsuitable recommendations to the customer regarding private placements, real…
Joshua David Nicholas, of Stuart, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nicholas converted a customer’s funds when he was associated with Merrill Lynch. Letter of Acceptance, Waiver, and Consent…
Shimshon Plotkin (also known as Shim Plotkin), of Chevy Chase, Maryland, a stockbroker currently registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim in which the customer requested compensatory damages supported by allegations that they were sold unsuitable investments including real estate investment trusts (non-traded…
Travis Justin Lippmann, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of Lippmann’s unsuitable trading of over-the-counter equities during the time that he was associated…
William Nicholas Athas, of Melville, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with excessively trading and churning investor accounts when he was associated with Worden Capital Management. Department of Enforcement v. William Nicholas Athas, Disciplinary Action No. 2018057883102 (January 18, 2022). According…
Jonathan Ben Mirer, of Henderson, Nevada, a stockbroker formerly registered with Wells Fargo Advisors, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $75,000.00 in damages based upon accusations of their account being overconcentrated by Mirer in unsuitable investments when Mirer was registered with Wells Fargo…
Robert James McNamara, of Albany, New York, a stockbroker formerly registered with Cadaret Grant Co., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made discretionary trades without written authorization at Cadaret Grant. Letter of Acceptance, Waiver, and Consent No….
Charles Lewis Bloom, of Royal Palm Beach, Florida, a stockbroker formerly registered with Chelsea Financial Services and International Assets Advisory, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $40,000.00 in damages based upon allegations that the customer was defrauded by investing in direct investments including direct participation programs…
Andrew Montgomery Costa, of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is referenced in a customer initiated investment related FINRA arbitration claim in which the customer requested compensatory damages founded on allegations of unsuitable recommendations by Costa concerning alternative investments, including direct participation programs (DPPs), limited partnerships (LPs), and real…
Mark Smith, of Greenwood Village, Colorado, a stockbroker formerly registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Smith failed to cooperate in a FINRA investigation regarding allegations of his unauthorized transactions in customer accounts when he was…
Charla Cynthia Kabana, of Huntington Beach, California, a stockbroker formerly registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related written complaint on August 27, 2021, in which the customer requested $5,500.00 in damages founded on accusations of an unsuitable annuity sale by Kabana while she was employed by Sagepoint Financial….
Marc Frederick Korsch, of Sarasota, Florida, a stockbroker formerly registered with Centaurus Financial Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA’s request for information about his activities. Case No. 2020066487801 (December 27, 2021). FINRA Public Disclosure…
Marcello Lattuca, of Massapequa, New York, a stockbroker currently registered with NBC Securities Inc., is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations of elder abuse and breach of fiduciary duty pertaining to real estate security and stock transactions executed by Lattuca between 2012…
Kyle Zachary Wittgren, of Frisco, Texas, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Wittgren refused to testify in an investigation relating to allegations of him signing customer names on variable annuity applications without authorization…
Johnny Guan, of Red Bank, New Jersey, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,820.12 in damages supported by accusations that between December of 2012 and November of 2020, Guan provided unsuitable investment recommendations to the customer…
Triad Advisors LLC, a securities broker dealer headquartered in Atlanta, Georgia, has been censured and fined $195,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that Triad Advisors failed to supervise stockbrokers’ recommendations of alternative mutual funds, including the LJM Preservation and Growth Fund (LJM), which resulted in losses to Triad Advisors’…
Charles Edward White II (also known as Chad White), of Providence, Rhode Island, a stockbroker formerly registered with Barrett Company, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,200,000.00 in damages founded on accusations of White having the customer invest in unsuitable securities in a customized portfolio…
Sean Donovan Casterline (also known as Sean Donavan Casterline), of Maitland, Florida, a stockbroker formerly registered with Delta Securities Company, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized private securities transactions while he was employed by…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities Inc., has been charged by Financial Industry Regulatory Authority with failing to cooperate with a FINRA investigation concerning accusations of Mohamed’s involvement in an undisclosed outside business activity while registered with Bankers Life Securities. Department of Enforcement v. Tarek Mohsen Mohamed…
Nathan Gersteen Katz, of Largo, Florida, a stockbroker formerly registered with American Independent Securities Group, is referenced in a customer initiated investment related written complaint on October 28, 2021, in which the customer sought damages supported by allegations of an unsuitable annuity rider being placed on the customer’s annuity, which was intended for the benefit…
Michael Patrick Nixon, of Tampa, Florida, a stockbroker formerly registered with Paulson Investment Company, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nixon made unsuitable investment recommendations to customers during the time that he was employed by Paulson…
Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he…
Warren Ellwood Rowe Jr., of Richmond, Virginia, a stockbroker formerly registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA’s requests while the regulator investigated him for potentially taking loans from Oppenheimer customers without…
James Marten Lamont, of San Francisco, California, a stockbroker formerly registered with Whitehall Parker Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.01 in damages supported by accusations that Lamont provided unsuitable recommendations to them as it pertained to real estate security products…
SagePoint Financial Inc., a securities broker dealer headquartered in Phoenix, Arizona, has been censured and fined $700,000.00 by Financial Industry Regulatory Authority (FINRA), supported by findings that SagePoint failed to supervise stockbrokers who were the subject of misconduct, and it failed to supervise its reporting of wrongdoing by those who associated with the securities broker…
Mark Stewart Brody, of Melville, New York, a stockbroker currently registered with Planned Financial Programs Inc., is the subject of a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages supported by allegations of Brody’s misrepresentation of information relating to common and preferred stock trades while he was employed by Planned…
Mark Julius Potocsny (also known as Mark Juluis Potocsny), of Madison, Connecticut, a stockbroker formerly registered with Morgan Stanley, was discharged as a stockbroker on April 14, 2021, founded on accusations of his unauthorized trading. According to Morgan Stanley, trades were made by Potocsny without him talking to customers and getting confirmation at the time…
Merrill Lynch Pierce Fenner Smith Inc., a securities broker dealer headquartered in New York, New York, has been censured and fined $1,200,000.00 by Financial Industry Regulatory Authority (FINRA), founded on findings that it failed to comply with FINRA during two misconduct investigations. Letter of Acceptance, Waiver, and Consent No. 2018058015702 (December 20, 2021). According to…
Joseph Scott Audia, of Hauppauge, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that he failed to supervise a stockbroker, resulting in excessively trading in a…
Bryan Kirk Bordelon, of New Orleans, Louisiana, a stockbroker currently registered with Raymond James Associates Inc., is identified in a customer initiated investment related written complaint on July 28, 2021, where the customer requested $31,456.45 in damages founded on accusations of Bordelon placing them in unsuitable investments including structured products between July 20, 2018, and…
Peter Jerome Mersberger (also known as Pete Mersberger), of Sheboygan Falls, Wisconsin, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations of Mersberger misrepresenting alternative investments, including a business development company and real estate security,…
Scott Randall Martinson, of Staten Island, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to adequately supervise a stockbroker which resulted in unsuitable and excessive trading…
Aalon Rose (also known as Allen Rose), of Garden City, New York, a stockbroker currently registered with Morgan Wilshire Securities Inc., is the subject of a customer initiated investment related arbitration claim where the customer requested $29,479.81 in damages founded on allegations that Rose made misrepresentations to the customer during the time that he was…
Robert Brian Wolfe, of Fort Lauderdale, Florida, a stockbroker formerly registered with Goldman Sachs Co. LLC, was discharged as a stockbroker on September 30, 2021, founded on accusations of Wolfe’s handling of customer complaints without notifying Goldman Sachs Financial Management. Wolfe was also accused of activities relating to customer communications centered around market valuations and…
Amy Marjorie O’Brien (also known as Amy Marjorie Cash), of Fort Mill, South Carolina, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she failed to cooperate with FINRA when she was investigated for receiving an…
Walter Roland Valenzuela, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is referenced in a customer initiated investment related written complaint on June 21, 2021, where the customer sought $15,334.00 in damages founded on accusations of misrepresentation relating to the liquidity of the customer’s investment in Bluerock Inc. Interval Fund during the…
Johan Manuel Pereira, of Beverly, Massachusetts, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities relating to Bitcoin. Letter of Acceptance,…
Adam Maggio, of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity supported by findings that he failed to supervise a stockbroker which resulted in excessive trading in customer…
Heath Geoffrey Grossman, of Weathersfield, Connecticut, a stockbroker formerly registered with Silver Oaks Securities and investment adviser representative registered with JB Capital LLC, is referenced in a customer initiated investment related AAA arbitration claim where the customer requested $30,000.00 supported by allegations of Grossman’s failure to consider tax consequences in a customer’s investment plan which…
Eric Carl Willer, of Dallas, Texas, a stockbroker formerly registered with Fusion Analytics Securities LLC, has been suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided unsuitable investment recommendations to customers regarding bond offerings while he was associated with Fusion Analytics…
Gerald Richard Sharpe Jr. (also known as Gerry Sharpe), of Red Bank, New Jersey, a stockbroker currently 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 supported by allegations that unsuitable investment recommendations had been made by Sharpe…
William Sidney Friedman (also known as Bill Friedman and as Willie Friedman), of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s inquiry regarding an unpaid arbitration…
Daniel James O’Neill (also known as Dan O’Neill and as Daniel James Oneill), of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, has been issued an Order Accepting Offer of Settlement by Financial Industry Regulatory Authority (FINRA) where O’Neill has been suspended from associating with any FINRA member in any capacity based…
Joseph Albert Ambrosole, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of unsuitable trading of over-the-counter equities by Ambrosole between February of 2021 and May…
Anthony Joseph Graziano, of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity supported by findings that he failed to supervise a stockbroker who made excessive trades in…
Austin Richard Dutton Jr. (also known as Austin Richard Duttin), of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages based upon allegations that Dutton breached a fiduciary duty and breached a contract relating…
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network, of St. Louis, Missouri, have been censured and collectively fined $650,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that Wells Fargo failed to supervise stockbrokers’ unit investment trust trades in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2016050947801 (December 13, 2021)….
Christopher Thomas Hildebrandt, of Cape May Court House, New Jersey, a stockbroker formerly registered with Principal Securities Inc., is referenced in a customer initiated investment related written complaint on April 5, 2021, where the customer sought compensatory damages founded on allegations of Hildebrandt’s unsuitable recommendations of real estate investment trusts during the time that he was…
Gaetano Salvatore Ciambriello, of New York, New York, a stockbroker formerly registered with Citigroup Global Markets Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ciambriello failed to cooperate with a FINRA investigation regarding allegations that he engaged in undisclosed outside business activities…
Richard Anthony Rodriguez, of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that omissions and misrepresentations about alternative investments had been made by Rodriguez while he was…
Daniel Della Rosa, of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been issued a Decision and Order of Offer of Settlement by Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers where Della Rosa has been barred from associating with any FINRA member in any capacity based on findings that he…
John Daniel Quinn, of Berkeley Heights, New Jersey, a stockbroker formerly registered with LPL Financial LLC and Valic Financial Advisors Inc., has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unapproved outside business activities and private securities transactions….
Todd Franklin Kling, of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he recommended unsuitable and excessive trades in a customer’s account during the time that he…
Joseph Michael Fedorko Jr, of Greenwich, Connecticut, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Fedorko’s excessive and unsuitable trading while he was employed by Laidlaw Company. Letter…
Jason Patrick Hamby, of Blacksburg, Virginia, a stockbroker formerly registered with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hamby failed to cooperate with a FINRA investigation which concerned accusations of his unauthorized activities involving an unregistered individual. Letter of…
Robert Patrick MacNamee, of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages founded on accusations of MacNamee’s unsuitable investment recommendations concerning the customer’s account at Aegis Capital Corp. Financial Industry Regulatory…
Emerson Equity LLC and its Chief Executive Officer, Dominic Julio Baldini, of San Mateo, California, have been sanctioned by Financial Industry Regulatory Authority (FINRA), supported by findings that they failed to supervise stockbrokers’ trading of mutual funds in customer accounts, resulting in unsuitable short-term switching of mutual funds by one of the Emerson Equity stockbrokers…
David Khezri, of Hauppauge, New York, a stockbroker formerly registered with Network 1 Financial Securities Inc. and Worden Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he hindered a FINRA investigation into accusations of his unsuitable investment advice to investors….
Scott Alan Kaufman, of Wyomissing, Pennsylvania, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA’s investigation into accusations of his improper fixed income trading strategy while he was employed by…
Matthew Alexander Perry, of Columbia, Maryland, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $40,000.00 in damages founded on allegations that between June of 2016 and March of 2019, unauthorized and unsuitable trades were made by Perry when…
Johnnie Melvin Jones, of Syosset, New York, a stockbroker formerly registered with Network 1 Financial Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for the failure to comply with an FINRA arbitration award or settlement agreement. Case No. 2020068113601 (October 25, 2021). According to FINRA Public…
Kevin Mark Nevin, of Edina, Minnesota, a stockbroker formerly registered with Dempsey Lord Smith LLC and Sandlapper Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s requests for information in 2021 regarding the non-payment of a…
Aaron Douglas Maurer (also known as Doug Maurer), of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unapproved private securities transactions…
William Colie Johnson, of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of the customer being sold unsuitable alternative investments because of Johnson during the time that he was associated with Voya…
Robert Anthony Guidicipietro (also known as Robert A. Peters), of Bay Ridge, New York, a stockbroker formerly registered with Arive Capital Markets, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Guidicipietro made excessive and unsuitable trades in…
Nicholas C. McMahan, of Leander, Texas, a stockbroker formerly registered with BBVA Securities Inc., is the subject of a customer initiated investment related written complaint which was settled for $18,588.00 on August 26, 2021, supported by allegations of the customer being provided with false information from McMahan regarding a structured note purchased in July of…
Jesus Rodriguez, of El Paso, Texas, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA investigators regarding allegations of his misuse of a customer’s credit line. Letter of Acceptance, Waiver, and…
John R. Mateyko, of Rolling Meadows, Illinois, a stockbroker formerly registered with World Equity Group, Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Mateyko made misrepresentations regarding business development programs and real estate investment trusts between 2014 and 2018…
Igor Peter Kislitsa, of Citrus Heights, California, a stockbroker formerly registered with PFS Investments Inc., has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with requests during the regulator’s investigation into allegations of Kislitsa’s unauthorized transactions, including completing customers’ applications without customers being present when Kislitsa was employed by PFS Investments….
Brian David Rockowitz, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages founded on accusations that between December of 2012 and November of 2020, unsuitable investment recommendations were made by Rockowitz at Aegis…
Pasquale James Rappa (also known as James Rappa or PJ Rappa), of Miller Place, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to…
Peter Vincent Ianace, of Frisco, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $18,000,000.00 in damages supported by accusations of misrepresentation and unsuitable recommendations by Ianace between February of 2013 and December of 2019…
Peter N. Girgis, of New York, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he excessively traded in customer accounts during the time that he was…
Kevin John Kane, of York, PA, a stockbroker formerly registered with Waddell Reed, was discharged on February 23, 2021, based upon accusations of Kane violating Waddell Reed’s policies by engaging in undisclosed outside business activities and unauthorized communications to investors. Kane has been identified in four customer initiated investment related disputes concerning allegations of his…
Douglas Jarrett Rosenberg, of Hauppauge, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Rosenberg making unsuitable and excessive trades in the accounts of three Joseph Stone Capital customers. Letter…
Mark Lee Elafros, of Northbrook, Illinois, a stockbroker formerly registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of Elafros making unsuitable private placement and unit investment trust sales to the customer when he was…
Alan Scot Feigenbaum, of Boynton Beach, Florida, a stockbroker formerly registered with Newbridge Securities Corp, has been fined $15,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Feigenbaum effected unauthorized trades in customer accounts while he was associated with National Securities…
Bradley S. Lay (also known as Brad Lay), of Columbia, Tennessee, a stockbroker formerly registered with Raymond James Associates 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 supported by findings that Lay engaged in unauthorized trading of customer accounts while…
Rodney Deleths Washington (also known as RD Washington), of New Albany, Ohio, a stockbroker formerly registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation concerning accusations of his outside business…
Keith Todd Ashley, of Ann Arbor, Michigan, a stockbroker formerly registered with Parkland Securities LLC, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to comply with FINRA’s investigation, which focused on accusations of Ashley’s private securities transactions, outside business activities, and misappropriation of Parkland Securities customer funds. Disciplinary Proceeding…
David Lawrence Poulnot, of Daniel Island, South Carolina, a stockbroker currently registered with Lincoln Financial Securities Corporation, is referenced in a customer initiated investment related written complaint on March 2, 2020, where the customer sought compensatory damages founded on accusations of Poulnot failing to disclose the illiquidity of a real estate investment trust purchased by…
Robert Patrick Foley, of Red Bank, New Jersey, a stockbroker formerly registered with Wynston Hill 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 principal capacity supported by findings that Foley failed to supervise stockbrokers who excessively traded in customer accounts…
Danny Jerome Young (also known as Danny Young), of Adel, Georgia, a stockbroker formerly registered with Voya Financial Advisors Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which customers requested $800,000.00 in damages based upon accusations that Young sold unsuitable real estate securities while he was registered with Voya…
Kenneth Andrews Welsh, of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, has been charged by Securities and Exchange Commission (SEC) with fraudulently misappropriating funds while he was associated with Wells Fargo Clearing Services. Civil Action No. 2:21-cv-19387 (Oct. 28, 2021). According to the Complaint, more than $2,860,000.00 had been…
Michael Edward Rulison, of Syracuse, New York, a stockbroker currently registered with Morgan Stanley, is identified in a customer initiated investment related written complaint on August 3, 2020, where the customer sought compensatory damages based upon allegations that unauthorized trades were effected in the customer’s account by Rulison while he was associated with Morgan Stanley…
Gary Max Bowman, of Corona, California, a stockbroker formerly registered with Sagepoint Financial Inc., has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Bowman engaged in unsuitable trading of unit investment trusts (UITs) when he was registered with…
Gregory Jon Williams (also known as Greg Williams), of Greenwood Village, Colorado, a stockbroker formerly registered with Forta Financial Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of the violation of federal and state securities laws concerning…
Matthew Eric Platnico (also known as Matthew Erie Platnico), of New York, New York, a stockbroker currently registered with Allied Millennial Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $370,000.00 in damages supported by allegations that between December of 2019 and March of…
Roderick Len Whited, of Gainesville, Florida, a stockbroker formerly registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of his misuse of funds while he was associated with Northwestern Mutual Investment Services. Letter of Acceptance, Waiver, and Consent No….
Brian Joseph Lombardi, of Boca Raton, Florida, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $57,500.00 in damages founded on accusations that false and misleading statements were made by Lombardi regarding the customer’s investment transactions at Aegis Capital Corp….
Daniel Della Rosa (also known as Daniel Dellarosa), of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into Della Rosa’s sales practices at Corinthian Partners. Department of Enforcement v. Daniel Della Rosa Disciplinary Proceeding No. 2020065714602 (November…
Darren Michael Kubiak, of Alpharetta, Georgia, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,000,000.00 in damages founded on accusations of breach of fiduciary duty and the violation of securities laws regarding preferred stock, real estate security, and…
David Phillip Brandt, of St. Louis, Missouri, a stockbroker currently registered with Oppenheimer Co. Inc., is identified in a customer initiated investment related written complaint on April 23, 2020, in which the customer requested $59,653.06 in damages supported by allegations that the risks of a variable annuity had not been disclosed by Brandt when he…
Traderfield Securities Inc. and supervisor Mario Divita, of Flushing, New York, have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to findings that Traderfield and Divita failed to supervise stockbrokers resulting in excessive trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018059045003 (November 24, 2021). According to the AWC, from December…
Lawrence John Fawcett Jr. (also known as Larry Fawcett), of Los Angeles, California, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $545,727.12 in compensatory damages based upon WestPark Capital being found liable on the customer’s causes of action,…
Philip Anthony Simone, of Costa Mesa, California, a stockbroker formerly registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,001.00 in damages based upon accusations of their account being overconcentrated in complex, risky, and high-commission real estate securities while Simone was registered with…
Michael Christopher Venturino, of Garden City, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a FINRA investigation. Case No. 20210703375 (September 13, 2021). FINRA is contemplating taking disciplinary action against Venturino for potentially making excessive trades in customer accounts when he was registered with Aegis Capital Corp. According to FINRA…
William Walter LeBoeuf (also known as Bill LeBoeuf), of Beavercreek, Ohio, a stockbroker formerly registered with Cetera Advisor Networks LLC and Merrill Lynch Pierce Fenner Smith Inc., has been fined $12,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged…
Christopher M. Olson, of Red Bank, New Jersey, a stockbroker currently registered with RBC Capital Markets LLC, is identified in a customer initiated investment related written complaint on February 3, 2020, in which the customer requested $62,000.00 in damages based upon allegations of unsuitable trading by Olson while he was registered with RBC Capital Markets….
Angel Edgardo Aquino-Velez (also known as Angel Edgardo Aquino and Angel Edgardo Aquinovelez), of Miami, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages supported by allegations that Aquino-Velez effected unsuitable closed-end fund and municipal bond…
James Edward Kelly Sr., of Owings Mills, Maryland, a stockbroker formerly registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for two weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized commission-sharing arrangements relating to his sales of variable annuities….
Eric Peter Weschke, of Setauket, New York, a stockbroker currently registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $138,000.00 in damages founded on accusations of negligence and unsuitable alternative investment transactions by Weschke during the time that he was associated with…
Brenda Louise Labar, of Redlands, California, a stockbroker formerly registered with MSI Financial Services, is identified in a customer initiated investment related written complaint which was settled on May 12, 2020, to resolve accusations of Labar’s misrepresentations to the customer relating to a variable annuity sale when Labar was employed by MSI Financial Services. Financial…
Larry Allen Bowman (also known as Larry Bowman), of Malvern, Pennsylvania, a stockbroker formerly registered with Heritage Financial Systems Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in undisclosed outside business activities when he was employed by…
Robert Frederick Genito, of Bonita Springs, Florida, a stockbroker formerly registered with PFS Investments Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $90,000.00 in damages based upon allegations of Genito failing to pay on a promissory note that he issued to the customer relating to…
James Tracy Stines (also known as Tracy Stines), of Richmond, Virginia, a stockbroker formerly registered with BB&T Securities LLC, is the subject of a customer initiated investment related written complaint which was resolved for $75,000.00 on September 30, 2020, supported by allegations that the customer’s instructions of liquidating a mutual fund had not been followed…
Efrain Balderrama Trujillo, of Los Angeles, California, a stockbroker formerly registered with Western International Securities Inc., was discharged by the securities broker dealer on October 26, 2021, supported by accusations that he borrowed money from a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that Trujillo has been fined $20,000.00 and barred from…
Stephen Sloane, of New York, New York, a stockbroker formerly registered with WestPark Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Sloane provided unsuitable investment recommendations regarding government debt investments when he was employed by WestPark Capital. Financial…
Rhett Douglas Bedwell, of Rogers, Arizona, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint which was settled for $19,848.26 in damages on September 23, 2021, based upon allegations of the misuse of the customer’s funds during the time that he was registered with LPL Financial…
Caroline Mohan (also known as Caroline Reyes), of West Palm Beach, Florida, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with a FINRA investigation into allegations of her private securities transactions…
Michael Francis Shillin, of Altoona, Wisconsin, a stockbroker formerly registered with Alliance Global Partners (AGP), has been charged by Securities and Exchange Commission (SEC) with defrauding investors about stock and insurance transactions when he was registered with Alliance Global Partners, Raymond James Financial Services Inc., Raymond James Financial Services Advisors Inc., Shillin Wealth Management LLC,…
Sean J. McElduff, of Parsippany, New Jersey, a stockbroker currently registered with Hennion Walsh Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages founded on allegations that made unsuitable recommendations to them regarding municipal bonds while he was registered with Hennion Walsh. Financial…
Clifford Edward Bryan III, of Merrillville, Indiana, a stockbroker formerly registered with Wells Fargo Clearing Services, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $695,000.00 in damages founded on accusations that Bryan failed to supervise a stockbroker’s recommendations in a customer’s account at Wells Fargo Clearing Services….
Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
Seraphim M. Rine (also known as Sam Rine), of West Palm Beach, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $7,000,000.00 in damages based upon accusations of Rine’s unsuitable trading of common and preferred stock and municipal debt…
WestPark Capital Inc. and its CEO, Richard Alyn Rappaport (also known as Rick Rappaport), of Los Angeles, California, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based on findings that WestPark and Rappaport misrepresented information to customers concerning WPCFS offerings, and failed to supervise stockbrokers’ solicitations of investments. Letter of Acceptance, Waiver, and Consent…
Gregg Scott Lentz, of Waukesha, Wisconsin, a stockbroker formerly registered with Triad Advisors LLC, is referenced in a customer initiated investment related written complaint which was settled on March 25, 2020, to resolve allegations that Lentz made unsuitable recommendations to the customer regarding a variable annuity purchase during the period that Lentz was associated with…
McNally Financial Services Corporation, a securities broker dealer headquartered in San Antonio, Texas, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based upon accusations that it failed to supervise stockbrokers’ sales of nontraditional exchange traded funds. Letter of Acceptance, Waiver, and Consent No. 2018058820103 (November 23, 2021). According to the AWC,…
Joseph Patrick Roop (also known as Joepat Roop), of Belmont, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related written complaint on August 5, 2021, where the customer sought compensatory damages supported by allegations of unsuitable investment recommendations of real estate security products by Roop…
John Carter Braddock, of Salida, Colorado, a stockbroker formerly registered with Lakeridge Capital Inc., has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he misrepresented and omitted information relating to private placements during the time that he was registered with Lakeridge…
Laurence Jordan Russo (also known as Larry Russo and as Jordan Russo), of Fort Lauderdale, Florida, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $37,500.00 in damages supported by accusations that Russo breached a fiduciary duty while he was…
Alexander Steven Batt, of Vero Beach, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is referenced in a customer initiated investment related written complaint that was settled for $51,678.00 in damages on January 21, 2020, founded on accusations of unauthorized trading involving a private equity fund when Batt was associated with Merrill…
John Michael Cione of San Diego, California, a stockbroker formerly registered with Independent Financial Group, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $105,000.00 in damages based on allegations of Cione providing unsuitable recommendations concerning alternative investments during the time that he was employed by Independent…
Aaron L. Austin of Bel Air Maryland, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to cooperate with FINRA’s request for information. Case No. 2018058669301 (January 29, 2019). According to FINRA Public Disclosure,…
George Lance Calhoun (also known as Dick Calhoun) of New York, New York, a stockbroker formerly registered with Laidlaw Company, is referenced in a customer initiated investment related written complaint on December 4, 2019, in which the customer sought $250,000.00 in damages supported by accusations that unauthorized trades were executed in the customer’s account by…
Gerardo Ivan Castillo, of Miami, Florida, a former stockbroker and investment adviser representative of Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages based on accusations that Castillo made misrepresentations to the customer regarding their account at Wells Fargo…
Joseph Marie Andreoli Jr., of Paramaus New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $165,000.00 in damages based upon accusations of Andreoli’s unsuitable transactions involving structured products when he was associated with Wells Fargo…
Levert Caldwell (also known as Lee Caldwell and Trey Caldwell), of Red Bank New Jersey, a stockbroker formerly registered with First Standard Financial Company, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $461,000.00 in damages based upon accusations of unsuitable and excessive trading by Caldwell during…
Tyrone Maurice Smiles, of Newark, New Jersey, a stockbroker formerly registered with Prudential Investment Management Services LLC (PIMS), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities while registered with Prudential Investment Management Services and provided misleading and…
Frank Jose Ortiz (also known as Francisco Jose Ortiz), of Los Angeles, California, a stockbroker and investment adviser representative of Wells Fargo Clearing Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $52,500.00 in damages supported by accusations of Ortiz omitting risks relating to the customer’s…
James Travis Flynn (also known as Jim Flynn), of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors, 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 of Flynn misrepresenting information about alternative investments during the time that…
James Earl Simpson, of Toledo, Ohio, a stockbroker formerly registered with Equitable Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simpson failed to cooperate with FINRA’s investigation, which focused on allegations of him making unsuitable investment recommendations during the time that…
Michael John Ovitt, of Williamsville, New York, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is referenced in a customer initiated investment related written complaint which was settled for $48,800.00 on February 25, 2020, founded on accusations of Ovitt’s unauthorized trading of Allied Motion stock in the customer’s account between 2017 and 2018…
Michael Philip Capolongo, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $330,113.00 in damages based on allegations that Capolongo breached a fiduciary duty regarding common and preferred stock transactions during the period that he…
Michael John Giovannelli (also known as Michael Anthony Giovannelli), of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Giovannelli engaged in unauthorized trading and had falsified documents…
Stephen Christopher Tadlock (also known as Chris Tadlock), of Houston, Texas, a stockbroker formerly registered with Ameriprise Financial Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages supported by allegations of Tadlock making an unsuitable recommendation to the customer concerning an annuity exchange…
Thomas Duggan, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 in damages based on allegations of excessive trading by Duggan while he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA)…
Albert Lewis DeGaetano, of Independence, Ohio, a stockbroker formerly registered with Edward Jones, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that DeGaetano made unauthorized trades in customer accounts when he was registered with Edward Jones. Letter of…
Donna Jean Hines (also known as Donna Jean Atchison) of Clarksburg, West Virginia, a stockbroker formerly employed by Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Hines failed to cooperate with an investigation into accusations of her outside activities, including…
Herbert H. Hafen (also known as Elias Herbert Hafen, Elias Niggebrugge, and E. Herbert Niggebrugge), of New York, New York, a stockbroker formerly registered with Morgan Stanley Smith Barney, is referenced in a customer initiated investment related written complaint which was settled for $20,000.00 in damages on October 13, 2020, based upon allegations of unsuitable…
David John Melilli of Moorestown, New Jersey, 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 supported by findings that Melilli executed unauthorized trades in a customer’s account during the time that he was associated with Sagepoint Financial Inc….
Cataldo Panici (also known as Carlo Panici), of Frankfort, Illinois, a stockbroker currently registered with Wintrust Investments LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Panici failed to meet his fiduciary duty in reference to non-traded real estate…
Andrew J. Bransky, of Chicago, Illinois, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related written complaint on April 22, 2020, where the customer sought compensatory damages founded on accusations of unsuitable investment recommendations by Bransky while he was associated with Stifel Nicolaus Company Incorporated. The…
Steven Dwayne Musielski of Anaheim, California, a stockbroker formerly employed by Cambria Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Musielski failed to comply with a FINRA investigation into allegations of his unsuitable and excessive trading during the time that he…
Daniel Todd Levine, of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations that they were placed into unsuitable “private placements” during the time that Levine was registered with Morgan Stanley Smith…
Yann C. Faho (also known as Jann C. Faho and as John Faho), of New York, New York, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $180,000.00 in damages based upon allegations of unsuitable trading by Faho which…
Andrew Timothy Durham of Greenwood, South Carolina, a stockbroker formerly registered with Allstate Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Durham forged an Allstate Financial Services customers’ signature on a life insurance application. Letter of Acceptance Waiver…
Sandra Lee White (also known as Sandra Lee Bauer, Sandra Hoffower White, and Sandra Lee Hoffower), of Houston, Texas, a stockbroker formerly registered with Cetera Advisor Networks, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 based upon allegations that White made misrepresentations to the customer regarding…
Michael Joseph McNulty (also known as Mike McNulty), of Boca Raton, Florida, a stockbroker formerly registered with Raymond James Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations of unsuitable investment advice by McNulty concerning equities transactions when McNulty was associated…
Craig Jay Sherman of Fletcher, North Carolina, a stockbroker formerly registered with Wynston Hill 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 supported by findings that he failed to supervise stockbrokers’ trading at Wynston Hill. Letter of Acceptance Waiver…
Jamal Hiram Sampson (also known as Jay Sampson), of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $146,599.00 in damages founded on accusations of excessive turnover and commissions because of Sampson’s stock…
Jeffrey Dale Cleckner of Indianapolis, Indiana, a stockbroker formerly registered with Waddell Reed, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,000.00 in damages based upon accusations of the unauthorized withdrawal of funds in a retirement account during the time that he was registered with Waddell Reed….
Aegis Capital Corp of New York, New York, has been censured and fined $1,050,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that it failed to supervise stockbrokers resulting in unsuitable and excessive trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2016051704305 (November 8, 2021). According to the AWC,…
Xiangyu Yu Zhang of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services LLC, is referenced in a customer initiated investment related complaint on August 6, 2021, where the customer sought compensatory damages founded upon allegations that Zhang provided unsuitable recommendations to the customer regarding real estate security investments while he was employed by…
Scott William Palmer of Hackensack, New Jersey, a stockbroker formerly employed by Janney Montgomery Scott LLC, is referenced in a customer initiated investment related written complaint on August 24, 2021, in which the customer requested compensatory damages founded upon allegations that their funds were mismanaged between January of 2011 and June of 2017 when Palmer…
John Lee Scott, of Phoenix, Arizona, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with the regulator during the time that he was under investigation for engaging in outside business activities…
Joseph Gerard Michaletz (also known as Joseph Gerard Michaeletz, Joseph Gerald Michaletz, and Joe Michaletz), of Mankato, Minnesota, a stockbroker formerly registered with Concorde Investment Services LLC and Triad Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,550,000.00 in damages founded on allegations…
Rafael Alberto Gonzalez, of Coral Gables, Florida, a stockbroker currently registered with Morgan Stanley, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $78,000.00 in damages founded on allegations that Gonzalez provided unsuitable recommendations to the customer regarding closed-end funds during the time that he was associated with…
Jason Brando Skyler, of Santa Barbara, California, a stockbroker formerly registered with TKG Financial LLC and Kovack Securities Inc., is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020, based upon accusations that the customer’s account was improperly managed by Skyler while he was registered with…
Steven Michael Richardson, of Walnut Creek, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc., is the subject of a customer initiated investment related written complaint which was settled for $320,000.00 in damages on October 11, 2019, based upon accusations of Richardson’s excessive trading of exchange-traded funds for the customer’s account while…
Michael Earl Reither, of Saint Louis, Missouri, a stockbroker formerly registered with First Allied Securities Inc., has been fined $10,000.00 and barred by the State of Missouri from being a stockbroker or an investment adviser representative according to an Order containing findings that Reither borrowed from a customer without authorization from First Allied Securities and…
Frank Joseph Coussens, of Coral Gables, Florida, a stockbroker currently registered with Ameriprise Financial Services, is the subject of a customer initiated investment related written complaint on February 27, 2020, in which the customer sought $29,918.55 in damages based upon accusations of them being placed into an unsuitable direct investment when Coussens was registered with…
Keith Lawton James Connolly, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $45,000.00 in damages based upon allegations of unsuitable trading by Connolly during the period that he was registered with Aegis Capital Corp. Financial…
Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that…
Brian Stanley Pearce of Winter Haven Florida a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pearce engaged in private securities transactions without getting approval from FSC Securities Corporation. Letter…
Scott Cory Ente of Syosset New York a stockbroker currently registered with David Lerner Associates is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon accusations of Ente misrepresenting information pertaining to Puerto Rico bonds when he was employed by…
Eilesia Kepper Dixon (also known as Eilesia McGivney Dixon, Lisa Dixon, and as Lisa L. Keeper) of Monroe Louisiana a stockbroker and investment adviser representative of LPL Financial LLC had been discharged from employment on November 3, 2020. According to LPL Financial, Dixon placed customers’ signatures on account transfer and account opening paperwork. The customers…
Sebastian Wyczawski of Manorville New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wyczawski made unsuitable recommendations to customers while he was associated with Joseph Stone Capital….
Frederick Peter Baerenz (also known as Fred Baerenz) of Great Falls Virginia a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment complaint which was settled for $14,000.00 in damages on August 20, 2020, based upon accusations that Baerenz provided unsuitable recommendations regarding alternative investment transactions during the time that…
Christiane Olsen of New York New York a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint on August 3, 2020, where the customer requested compensatory damages founded on accusations of Olsen selling them unsuitable corporate bonds and notes while she was registered with UBS Financial…
Michael James May of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of his excessive and unsuitable trades in customer accounts. Letter of Acceptance Waiver and…
Peter Werner David of Waukesha Wisconsin a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $281,000.00 in damages based upon accusations that they were placed into an unsuitable equity fund by David while he was registered with Woodbury…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. and First Allied Securities Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative supported by findings of Westenbarger misusing investor funds. In the Matter of Jaime M. Westenbarger Administrative Proceeding File…
Leonard Joseph Marzocco (also known as Lenny Marzocco and Len Marzocco) of Nesconset New York a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Marzocco made unsuitable recommendations to a…
David Stewart Silberg of Melville New York a stockbroker formerly registered with Aegis Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $50,000.00 in damages supported by accusations that the customer had been placed into unsuitable structured products between September of 2015 and June of…
Robert Mark Star of Bluffton South Carolina a stockbroker currently registered with IBN Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon accusations of a breach of fiduciary duty by Star during the period that he was registered with…
Judith Ann Bufis (also known as Judith Ann Burmistrenko) of East Brunswick New Jersey, a stockbroker formerly registered with Invest Financial Corporation and Kovack Securities Inc., was issued an Order by New Jersey Bureau Securities revoking her registration as a stockbroker. In the Matter of Judith Bufis Summary Revocation Order (August 25, 2020). New Jersey…
Boris Mihailevsky of New York New York a stockbroker currently registered with JP Morgan Securities LLC is the subject of a customer initiated investment related written complaint on March 20, 2020, where the customer requested $8,000.00 in damages supported by accusations that misrepresentations were made by Mihailevsky regarding mutual funds during the time that he…
Brandie June Becker Osburn (also known as Brandie Becker Osburn) of Glen Allen Virginia a stockbroker currently registered with Pruco Securities is the subject of a customer initiated investment related written complaint on February 3, 2020, in which the customer sought $142,000.00 in damages supported by accusations that an unauthorized transaction was effected in their…
Todd Anthony Esh of Shawnee Kansas a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative founded on accusations of Esh making omissions and misrepresentations to investors. In the Matter of Todd A. Esh Order Instituting Administrative Proceedings Case…
Mark Alan Haenny of Loveland Colorado a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon accusations including negligence and unsuitable recommendations by Haenny as it pertained to LPs and DPPs during the period that…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited…
James Alan Seijas of Short Hills New Jersey 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 supported by findings that he failed to cooperate with FINRA when investigated for a lawsuit where he was accused of misrepresenting…
John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $499,000.00 in damages based on accusations that Hoidas provided unsuitable recommendations as it pertained to private placements while he was employed by Uhlmann Price…
Abdul Matin Rahmani of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officer’s Order Accepting Offer of Settlement containing findings that Rahmani engaged in outside business activities which…
Trevor Bradner Rahn of Los Angeles California a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages based on allegations of Rahn’s unsuitable stock trades while he was associated with JP Morgan Securities. Financial Industry Regulatory Authority…
Luisa Gonzalez (also known as Mercado Luisa Gonzales) of Kissimmee Florida a stockbroker formerly registered with SunTrust investment Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by allegations of Gonzalez selling them an unsuitable GIC investment during…
Ronald Leonard Whittingham (also known as Ron Whittingham) of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that false information had been placed on documents by Whittingham…
Scott Neil Hananel of Melville New York a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages founded upon accusations that Hananel executed unsuitable securities transactions during the time that he was associated with Aegis Capital Corp. Financial…
JeanPierre Ayala (also known as JP Ayala) of Boca Raton Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon accusations that Ayala sold unsuitable investments, including private placements, stocks, and over-the-counter equities…
Jason Andrew Wilk (also known as Jason Andrew Wilks) of New York New York a stockbroker formerly registered with Worden Capital Management LLC has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into accusations of his excessive trading in customer accounts when he was registered with Worden Capital…
Mark Sam Kolta of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based on accusations of them being placed into unsuitable real estate security products by Kolta when he was employed by National…
Alan Zelig Appelbaum a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $550,000.00 in damages supported by allegations that they had been sold unsuitable structured products when Appelbaum was registered with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration…
Michael James Conte (also known as Mike Conte) of Saint James New York the owner of Fusion Holdings—which owns Fusion Analytics Investment Partners (FAIP) and Fusion Analytics Securities LLC (FAS)—has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to testify in the…
Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $358,183.00 in damages founded upon accusations of them being placed into Zima Digital Assets because of Hoffman’s unsuitable investment…
Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based on accusations of breach of fiduciary duty relating to direct participation program and limited partnership transactions…
Spartan Capital Securities a securities broker dealer headquartered in Manhattan New York—along with John D. Lowry (co-founder and CEO of Spartan) and Kim M. Monchik (CCO of Spartan)—have been charged by Financial Industry Regulatory Authority Department of Enforcement with failing to disclose reportable events concerning Spartan stockbrokers, including customer complaints and arbitrations. Department of Enforcement…
John Alexander Tarpinian of New York New York a stockbroker formerly registered with Paulson Investment Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $342,852.00 in damages based upon accusations that they received bad investment advice from Tarpinian regarding structured notes transactions when he was…
John Louis Roberts of Stockbridge Georgia a stockbroker formerly registered with Benchmark investments Inc. was discharged as a stockbroker on July 14, 2020, supported by allegations of Roberts failing to comply with industry standards and the firm’s procedures. This is not the first time that Roberts has been terminated from a securities broker dealer. FINRA…
Equitable Advisors LLC a securities broker dealer headquartered in New York New York has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Equitable Advisors tried to settle a customer initiated investment related complaint conditioned on the customer not contesting the removal of that complaint from FINRA Public Disclosure….
Dennis Daniel Herrera of Miami Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $139,399.00 in damages supported by accusations that Herrera breached a fiduciary duty and breached a contract during the period that he was employed…
Bradley Carl Mascho of Frederick Maryland a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $125,000.00 in damages founded upon accusations that they had been placed into unsuitable exchange traded funds by Mascho when he was associated…
Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside…
Michael Miles Hartlett (also known as Mike Hartlett) of East Petersburg Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in unauthorized trading of a customer’s account when he was…
Hector J. Gonzalez (also known as Hector Gonzalez Colon) of Miami Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $3,000,000.00 in damages founded upon accusations of Gonzalez misrepresenting municipal bonds when he was registered with…
Evan Kyle Davis (also known as Garry Davis) a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages founded upon accusations of the violation of Securities Exchange Act of 1934 Section 10(b) in reference to the unit…
NYLife Securities LLC a securities broker dealer headquartered in New York New York has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it failed to create and implement a supervision system and written supervisory procedures relating to the suitability of mutual fund switching, resulting in unsuitable short-term trades…
Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with MSI Financial Services is referenced in a customer initiated investment related written complaint on February 11, 2021, in which the customer requested compensatory damages founded upon accusations of unsuitable recommendations by Evan relating to life insurance and annuity products that were sold by Evan…
Stephen James Sullivan (also known as Stephen Sullivan) of New York New York a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which he might face disciplinary action from the regulator based on allegations of defrauding customers by churning their accounts and making excessive trades….
Jimmy Yang Driggers (also known as James Yang Driggers and as Jim Driggers) of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by allegations of Driggers’ unsuitable trading or recommendations of alternative investments including…
Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees…
Lee Victor Nordstrom of Spokane Washington a stockbroker formerly registered with Vorpahl Wing Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation regarding his activities while associated with Vorpahl Wing Securities. Letter of Acceptance Waiver…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that…
Jeffrey Dampf of Totowa New Jersey a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not respond to FINRA’s instructions when he was investigated for possibly misappropriating customer funds while he was registered with…
Rick Alan Davidson of Miami Florida a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based upon allegations that their account was exposed to unsuitable trading of stocks by Davidson during the time that he was associated…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $450,000.00 in damages founded upon accusations of misrepresentations and omissions regarding mutual fund transactions and a private placement offering during…
William A. Fochi Jr. (also known as Bill Fochi Jr.) of Glastonbury Connecticut a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in outside business activities…
Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate…
James Lee Greene (also known as Herbie Greene) of Boca Raton Florida a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that they invested in an unsuitable private placement because of Greene when…
Eric Shea Hollifield of Dacula Georgia a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA investigators during an investigation into his possible conversion of an elderly customer’s funds during the…
David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing,…
Jorge A. Reyes (also known as Jorge Quiroz and as George Reyes) of Miami Florida a stockbroker formerly registered with CP Capital Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA National Adjudicatory Council Decision containing findings of Reyes converting funds, making fraudulent…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $120,000.00 in damages supported by allegations of the customer being misled regarding details of alternative investments held in their account during the period that…
Jennifer Ann Ayers (also known as Jenny Ayers and as Jennifer Ann Glow) of Roanoke Virginia a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she failed to cooperate with a FINRA investigation regarding her…
Steven Mackie Woods of New York New York a stockbroker formerly registered with Laidlaw Company Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,123.00 in damages founded upon accusations of excessive trading of stocks and over-the-counter equities by Woods when he was associated with Laidlaw…
Michael James Conte (also known as Mike James Conte) of Coral Springs Florida the CEO of Fusion Analytics Investment Partners (FAIP) and Fusion Analytics Holdings LLC (the holding company of Fusion Analytics Securities LLC) has been charged along with FAIP and Fusion Holdings by Securities and Exchange Commission (SEC) in a Complaint for Injunctive and…
Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer…
Edgar A. Kleydman of Brooklyn New York a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA during its investigation into his alleged private securities transactions while registered with AXA Advisors….
Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker and investment adviser representative of Geneos Wealth Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based on accusations that Braverman gave unsuitable advice concerning direct investments including direct participation programs…
Jamie John Worden of New York New York the Owner and CEO of Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation into a private placement offering of pre-IPO securities through Worden Capital…
Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was…
Ryan Ashley Raskin of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA’s investigation focusing on his alleged unsuitable investment recommendations while he was…
Bruce Anthony Ciallella of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $100,000.00 in damages supported by accusations of fraud and the violation of Florida Securities and Investor Protection Act concerning the sale of…
Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and…
Ronald Scott Daley of West Chester Ohio a stockbroker formerly registered with WS Brokerage Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with the regulator’s investigation into allegations of his misuse of customer funds during the time…
Kimberly Ann Barentsen (also known as Kimberly Ann Berentsen, Kimberly Ann Bietema, and Kimberly Ann Bielema) of Walnut Creek California a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based on allegations…
Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements…
Robert Tibor Nyilas of Jericho New York a stockbroker formerly registered with Advisory Group Equity Services Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not cooperate with FINRA’s requests while he was under investigation for possibly making unsuitable investment recommendations…
Joseph Don Malboeuf of Colchester Vermont a stockbroker currently registered with LPL Financial LLC is referenced in a customer initiated investment related complaint which was settled for $85,000.00 in damages on July 19, 2020 founded on accusations that the customer’s account was not properly allocated in mutual funds according to their instructions between October 1,…
Jeffrey Allen Russell of Newport Beach California a stockbroker formerly registered with Morgan Stanley has been discharged as stockbroker on May 26, 2021. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Russell allegedly made unauthorized transactions in customer accounts. Morgan Stanley alleges that he did not have pre-trade customer authorization for transactions involving money…
Paul Wesley Furusho of San Francisco California a stockbroker formerly registered with APW Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Furusho did not testify in a FINRA investigation relating to his potential loan arrangement with an APW Capital customer and…
Christopher Rice Callagy of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $180,000.00 in damages based on accusations of poor investment performance during the time that Callagy was associated with Aegis Capital Corp. Financial…
John Hillman Timberlake of Atlanta Georgia a stockbroker formerly registered with Carter Terry Company Inc. is referenced in a customer initiated investment related written complaint on December 15, 2020 in which the customer sought unspecified damages based on allegations of unauthorized and unsuitable trades when Hillman was associated with Carter Terry Co. Inc. Financial Industry…
David Sheldon Wells of Chicago Illinois a stockbroker formerly registered with Fifth Third Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide documents to FINRA and failed to testify when he was investigated for misconduct while registered with…
Sheldon Robert Bender (also known as Shelly R. Bender) of Deerfield Illinois a stockbroker formerly registered with Securian Financial Services is referenced in a customer initiated investment related written complaint on November 24, 2020 in which the customer sought $15,000.00 in damages founded on allegations of inappropriate advice by Bender as it pertained to the…
Carter David Mansbach of New York New York a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages supported by allegations of Mansbach’s unsuitable over-the-counter equities transactions while he was associated with National Securities Corp. Financial Industry…
Marceliano Macias of Hollywood Florida a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he engaged in undisclosed outside business activities during the time that he was associated with…
William Joseph Conn (also known as Bill Conn) of San Francisco California a stockbroker formerly registered with JP Morgan Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $2,000,000.00 in damages founded upon allegations that between 2012 and 2018, Conn effected unauthorized transactions while…
Kim Marie Monchik (also known as Kim Marie Amendola) of New York New York a stockbroker currently registered with Spartan Capital Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA believes that Monchik should face disciplinary action based on potential violations of its rules relating to customer disputes….
Robert Joseph Boyer III (also known as Bob Boyer) of Wayne Pennsylvania a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he obstructed a FINRA investigation into a customer initiated investment related complaint regarding accusations…
Shay W. Scruggs of Houston Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $2,000,000.00 and $3,000,000.00 in damages based upon allegations that they had been placed into unsuitable equities by Scruggs between 2013 and…
Brian Michael Jackson of Tarrytown New York a stockbroker formerly registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages supported by accusations of them being sold an unsuitable real estate security and mutual fund by Jackson during…
Byron Pat Treat of Amarillo Texas a stockbroker formerly registered with Great Nation Investment Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Treat failed to cooperate with FINRA’s investigation into his supervision of church bond transactions during the period that he was…
Daria Lynn Radonski (also known as Daria Lynn Baumgarten, Daria Thayer and as Daria Murdock) of Billings Montana a stockbroker formerly registered with RBC Capital Markets LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that she failed to cooperate with a FINRA investigation…
Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has…
Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity…
Christopher Joseph Nelson of Brandon South Dakota a stockbroker formerly registered with Wynston Hill 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 supported by findings that Nelson falsified the records of Wynston Hill concerning trades in customer accounts. Letter…
Jordan David Samelson of Huntington New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages supported by accusations of unauthorized trades during the period that Samelson was associated with Wells Fargo Clearing Services….
Joseph Ijong Chu of Stamford Connecticut a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,000,000.00 in damages founded on accusations that unsuitable energy securities were recommended by Chu when he was associated with RBC Capital Markets….
Michael J. Haffling of Chicago Illinois a stockbroker currently registered with Kalos Capital Inc. and Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages founded on allegations of negligence and breach of fiduciary duty concerning real estate security transactions by Haffling…
Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that…
Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary…
Elizabeth Ann Sollars (also known as Elizabeth Ann Cole, Elizabeth Ann Gore, Elizabeth Ann Shaw, and as Beth Sollars) a stockbroker formerly registered with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA Office of Hearing Officers Default Decision containing findings…
Joseph Francis Valdini of Melville New York a stockbroker formerly registered with Worden Capital Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,277,631.00 in damages founded on allegations of misrepresentation and churning of stocks and over-the-counter equities by Valdini when he was employed by Worden Capital…
Christopher Bryan Black (also known as Chris Bryan Black) of Statesboro Georgia a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on May 21, 2021, where the customer sought $84,166.22 in damages based upon accusations that Black provided unsuitable recommendations to them concerning municipal bonds…
Charles Scott Burford (also known as Scott Burford) of Dallas Texas a stockbroker formerly registered with Hilltop Securities Independent Network Inc. (now known as Momentum Independent Network Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unauthorized trades in a customer’s account when he was employed by Hilltop Securities….
Jordan Stuart Berlin of Bedford Corners New York a stockbroker and investment adviser representative of FSC Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $87,500.00 in damages based on allegations of negligence concerning real estate investment trusts (REITs) that Berlin sold while he was employed…
Lee Bryan Taylor of Skippack Pennsylvania a stockbroker formerly registered with Purshe Kaplan Sterling Investments (PKS) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor failed to cooperate with FINRA’s investigation concerning his possible private securities transactions while associated with Purshe Kaplan Sterling…
Charles Edward Krsek (also known as Chuck Krsek) of The Villages Florida a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Krsek provided unsuitable recommendations to the customer as it pertained to the purchase of a…
Courtney Michelle Kaplan (also known as Courtney Michelle Carlsen, Courtney Michelle Ingram, and Courtney Ingram Yarmesch) of Tampa Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to comply with a FINRA…
Blake H. Kiernan of Melville New York a stockbroker registered with Four Points Capital Partners LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon allegations that Kiernan did not comply with a FINRA Arbitration Award in which he was required to pay a customer $69,250.00…
William Jeffrey Michero (also known as Jeff Michero) of Fort Worth Texas a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he converted funds as a trustee. Letter of Acceptance Waiver and Consent No. 2021072162901 (Sept….
Howard Joseph Allen III of New York New York a former stockbroker and executive of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $37,761.00 in damages based on accusations of negligence, breach of fiduciary duty and breach of contract as it pertained to…
John Charles Broughton of Johnston Rhode Island a stockbroker formerly registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on July 16, 2020, where the customer sought compensatory damages based on accusations that Broughton made misrepresentations to them regarding the annuity that they purchased through Cetera Investment Services….
Douglas Keith Ellman of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages founded upon allegations that Ellman placed them into inappropriate common and preferred stock between February of 2019 and November of…
William Joseph Kielczewski (also known as Bill Kielczewski) of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been fined $50,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA National Adjudicatory Council Decision containing findings that Kielczewski engaged…
Kitwana Nkoski Thomas of Jacksonville Florida a stockbroker formerly registered with Fidelity Brokerage Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded upon allegations that Thomas provided unsuitable recommendations to them as it pertained to corporate debt investments during the time…
William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments…
Curt Giacobbe of Melville New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon accusations that Giacobbe failed to cooperate with FINRA’s request for information. Case No. 2020065067201 (November 6, 2020). FINRA Public Disclosure shows that Giacobbe…
Frank Mastrosimone of Basking Ridge New Jersey a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that they had been placed into an unsuitable private investment fund by Mastrosimone while he was…
Vincent Anthony Virga (also known as Vincenzo Anthony Virga) of Bayonne New Jersey a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $495,000.00 in damages based on allegations that Virga provided unsuitable advice to them regarding alternative investments including…
Nathaniel Royce Clay (also known as Nate Clay) of New York New York a stockbroker formerly registered with Laidlaw Company UK Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to cooperate with FINRA’s request for information. Case No. 2020065912101 (June…
Peter Douglas McColgan of Cincinnati Ohio a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related written complaint which was settled for $25,887.44 in damages on December 19, 2019, based on accusations that unauthorized trades were executed in the customer’s account by McColgan while he was employed by UBS…
Michael John Libmann (also known as Mike Libmann) of Quincy Illinois a stockbroker currently registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $91,000.00 in damages supported by allegations that unsuitable transactions were made by Libmann when he was registered with Pruco Securities LLC….
George Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he failed to respond to FINRA’s request for his information. Case No. 2019061940901 (March 9, 2020). According to FINRA…
Peter David Schiff of Newport Beach California a stockbroker currently registered with AGP Alliance Global Partners is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded upon accusations of breach of contract and breach of fiduciary duty as it pertained to private placements sold…
Daniel Della Rosa (also known as Daniel Dellarosa) of Tampa Florida a stockbroker formerly registered with Corinthian Partners and Paulson Investment Company LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he did not respond to FINRA’s request for information about his activities….
Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages founded upon allegations that Lors provided unsuitable recommendations as it pertained to private placements during the…
Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct…
Sherry Lynn Baker (also known as Sherry Lynn Obrecht) of Salem Illinois a stockbroker formerly registered with Raymond James Financial Services is the subject of a FINRA investigation in which Baker may face disciplinary action for potentially making unsuitable trades in a customer’s account. Case No. 20180604604 (February 19, 2021). According to FINRA Public Disclosure,…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is referenced in a customer initiated investment related written complaint on April 7, 2021, in which the customer requested more than $5,000.00 in damages based on allegations of a breach of fiduciary duty by Dewes as it pertained…
Deborah Lynn Herrmann (also known as Debbie Lynn Gniech) of Wheaton Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she did not fully comply with FINRA’s investigation into her potential nondisclosure of a…
John Matthew Izzo of Williamsville New York a stockbroker formerly registered with Allstate Financial Services has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Izzo engaged in outside business activities without permission and had falsified information in compliance…
Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in unauthorized activities including borrowing from customers while he was registered with Edward Jones. Department of Enforcement v. Alan Price Disciplinary Proceeding No. 2020066136801 (Aug. 30, 2021). According…
James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James…
Scott Geoffrey Madison of Riverhead New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into why Merrill Lynch terminated his registration as stockbroker. Letter…
Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as…
Jerome Richard Goldstein of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Goldstein failed to cooperate with FINRA’s investigation in which the regulator tried to determine whether Goldstein engaged in…
Robert Scott Smith of Newberg Oregon a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related written complaint on May 10, 2021 in which the customer sought $678,500.00 in damages supported by accusations that they had been sold unsuitable private placements by Smith while he was registered with…
Jeremy Seth Rosen of Easton Pennsylvania a stockbroker formerly registered with Nationwide Planning Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,535,568.66 in damages founded on allegations that Rosen made misrepresentations to them regarding stock trades during the period that he was associated…
Joseph Augustien Lianzo of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lianzo made excessive and unauthorized trades in customers’ accounts when he was associated with Laidlaw Company….
Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at…
Robert Henderson Jr of Miami Lakes Florida a stockbroker formerly registered with IFS Securities has been fined $30,000.00 and suspended for 13 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA Hearing Panel Decision containing findings that Henderson engaged in unapproved outside business activities and had…
Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in…
Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a Decision containing findings that Belardino refused to cooperate with a FINRA investigation in regard to customer complaints. Department of Enforcement…
Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on February 12, 2021 where the customer requested $254,336.56 in damages founded on accusations of Parker misrepresenting benefits and features on a living benefit rider on their RiverSource RAVA 5…
Athanasios Tomaras (also known as Thanasi Tomaras) of Oldsmar Florida a stockbroker currently registered with RF Lafferty Co. 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 based on findings that Tomaras failed to identify outside business activities for RF Lafferty…
Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly registered with Ameriprise Financial Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $230,000.00 in damages supported by accusations of unsuitable trades and breach of fiduciary duty by Caveness when he was associated with Ameriprise…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative and barred from associating with securities firms across the country according to an Order based on allegations of Hoffman violating securities laws relating to…
Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was…
David Khezri of Melville New York a stockbroker formerly registered with Worden Capital Management and Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator recommended that Khezri face disciplinary action for possible violations of FINRA rules and securities laws pertaining to excessive and unsuitable…
William Robert Young (also known as Bill Young) of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $123,000.00 in damages based on accusations that Young caused them to invest in unsuitable securities including real estate investment…
Kevin Richard Wilson of New York New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations that they had been sold unsuitable private placements and over-the-counter equities by Wilson during the period…
Debasish Hajra (also known as Dave Hajra) of Marietta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for thirty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that unauthorized unit investment trust and bond trades were executed…
David Weisberg of New York New York a stockbroker formerly registered with Worden Capital Management LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $47,629.58 in damages founded on accusations of unsuitability and misrepresentation relating to the customer’s investments in over-the-counter equities between October of 2017…
William Herbert Murphy (also known as Bill Murphy) the President and Chief Compliance Officer of William H. Murphy 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 principal capacity founded on a National Adjudicatory Council Order Accepting Offer of Settlement based…
Allan Perry Montalbano of Garden City New York a stockbroker formerly registered with Four Points Capital Partners LLC and Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages founded on accusations that they had received unsuitable investment recommendations from Montalbano…
Garrett Scott Neubart of New York New York a stockbroker formerly registered with Deutsche Bank Securities Inc. has been suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Neubart took part in outside business activities that were not disclosed or otherwise approved by…
Lyle Jude Boudreaux of Houston Texas a stockbroker formerly registered with Independent Financial Group has been issued a Consent Order by Texas State Securities Board in which Boudreaux’s investment adviser representative registration and securities agent registration in the state has been denied founded on allegations of Boudreaux making unsuitable recommendations to customers in the state…
Mark Charles Cohen of New York New York a stockbroker formerly registered with BCG Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon accusations of Cohen selling unsuitable direct participation program interests and limited partnership interests during the period that he…
Jorge Antonio Netto of Coral Gables Florida a stockbroker currently registered with Boreal Capital Securities LLC (formerly known as Mora WM Securities Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not authorized and which involved a customer of the securities broker dealer…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 30, 2021 where the customer sought $69,000.00 in damages based upon accusations of Woods making unsuitable recommendations of business development companies and real estate securities when he was…
Donald Joseph Fowler of Rockville Center New York a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Fowler churned and excessively traded the accounts of four of his customers. Letter of Acceptance Waiver and Consent…
Craig Bradford Eastwood of Hershey Pennsylvania a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on allegations that Eastwood provided unsuitable recommendations in regard to a variable annuity in November of 2017 when he was…
Andes Capital Group LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Andes Capital Group failed to supervise its stockbroker’s private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064979901 (Aug. 25, 2021). According to the AWC, in…
David Richard Geake of Northbrook Illinois a stockbroker currently registered with American Trust Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Geake breached a fiduciary duty and placed the customer into securities that were not suitable for them…
Joffre Salazar (also known as Jeff Salazar) of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Salazar forged signatures of customers on documents to effect…
Michael Joseph Lancaster of Tampa Florida a stockbroker formerly registered with NFP Securities Inc. and LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (FINRA) inquiry in which FINRA is reviewing a customer initiated investment related complaints alleging misrepresentation and the recommendation of unsuitable investments. Case No. 20210704636 (Mar. 22, 2021). Lancaster has…
Dale Allen Ramsperger of Scottsdale Arizona a stockbroker formerly registered with Securities America Inc. has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Ramsperger took part in private securities transactions that were not authorized by Securities America Inc. Letter of Acceptance…
Jeffrey Travis Drost of Victoria Texas a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Drost failed to cooperate with FINRA during the period that he was under investigation for potentially borrowing from customers…
Vincent John Villani of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $50,000.00 in damages based upon accusations of Villani making unsuitable private placement recommendations or sales at National Securities Corp which resulted in losses…
Julio Cesar Lage of Miami Florida a stockbroker formerly registered with BLVBLV Securities has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lage maintained outside securities accounts and had failed to cooperate in a timely manner with FINRA’s…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $422,000.00 in damages supported by allegations of Fasciglione’s unsuitable transactions relating to a private placement when Fasciglione was associated with National Securities Corp. Financial Industry…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC is named in a Securities and Exchange Commission (SEC) lawsuit in which SEC obtained a judgment which restrains and enjoins Booth from further violating federal securities laws based upon findings of Booth defrauding investors. Case No. 3:19-cv-01535 (Feb. 19, 2021). SEC…
Ramiro Luis Colon III (also known as Ramiro Luis Colon Ortiz III) of Miami Florida a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,421,565.59 in damages supported by accusations that Colon failed to supervise municipal bond and closed…
David Michael Murray of New York New York a stockbroker formerly registered with Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $653,700.00 in damages based upon accusations that between August of 2017 and December of 2019, stock and over-the-counter equities transactions…
John Sebastion Cangialosi Jr of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cangialosi engaged in excessive trading of customer accounts at Worden Capital Management…
Michael James Farrell of Red Bank New Jersey a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages based on accusations that Farrell provided unsuitable recommendations to them in regard to investments held in the customer’s Aegis…
Nancy Ann Munro Gaumer (also known as Nancy Ann Munrogaumer) of Media Pennsylvania a stockbroker registered with Signator Investors Inc. and BestVest Investments Ltd. has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Gaumer failed to report that…
Melvin Pirchesky (also known as Mel Pirchesky) of Irvine California a stockbroker formerly registered with Boustead Securities LLC is named in an investment related civil action in which the investor requested $871,021.18 in damages supported by accusations that excessive commissions had been charged on a private placement transaction that Pirchesky arranged during the time that…
Thomas Ward Stratton of Melbourne Florida a stockbroker formerly registered with World Choice Securities Inc. has been barred from associating with any FINRA member in any capacity supported by findings that Stratton failed to comply with the regulator during the period that he was under an investigation relating to his sale of promissory notes and…
Paul Wescoe Smith of Wayne Pennsylvania a stockbroker formerly registered with Bolton Global Capital is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $85,000.00 in damages founded on accusations of the customer’s assets being misappropriated in regard to a fraudulent enterprise known as Haverford Group. Financial Industry…
Alexis Kinashea Cooke of Lake Success New York a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cooke engaged in forgery and the falsification of applications relating to variable annuity products, and she failed to provide…
Douglas Anthony Leone of Melville New York a stockbroker formerly registered with Salomon Whitney Financial and Newport Coast Securities has been fined $185,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Securities and Exchange Commission Opinion in which SEC affirmed a FINRA National Adjudicatory Council’s…
Alfonse Joseph Stazzone Jr of Holmdel New Jersey a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Stazzone made unsuitable and excessive trades in a customer’s account when Stazzone was…
Sonia Balfour-Fears (also known as Sonia Delores Balfour and as Sonia D. Fears) of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Balfour-Fears made misrepresentations to the…
Maxim Beliakov of Red Bank New Jersey a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unsuitable and excessive trading in a Woodstock Financial Group customer’s account….
George Craig Merhoff Jr of Klamath Falls Oregon a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $500,000.00 and $1,000,000.00 in damages based upon accusations that the customer’s account had been overconcentrated by Merhoff in unsuitable investments including…
Alon Zak of Sherman Oaks California a stockbroker formerly registered with Pruco Securities has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with forging customer signatures and submitting insurance documents to Pruco’s insurance affiliate without customers’ authorization. Department of Enforcement v. Alon Zak Disciplinary Proceeding No. 2020065349803 (Aug. 19, 2021). According to…
William Wright Jr. of New York New York a stockbroker formerly registered with National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Wright failing to cooperate during the period that he was investigated for “borrowing” customer funds. Letter of Acceptance Waiver…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $100,000.00 in damages based on allegations that the customer was sold unsuitable equities by Reznik while he was associated with Raymond James Financial Services….
Jason Lee Seale III of Novato California a stockbroker and investment adviser representative of American Wealth Management Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that unauthorized transactions were executed in the customer’s account by Seale when he was associated…
Jeanpaul Charles Skovronck (also known as Jean Paul Skovronck and as JP Skovronck) of New York New York a stockbroker currently registered with Alexander Capital LP is referenced in a customer initiated investment related complaint in which the customer requested $25,000.00 in damages supported by allegations of Skovronck’s failure to execute the sale of over-the-counter…
David John Strnad of Franklin Tennessee a stockbroker formerly registered with Morgan Stanley has been suspended as a stockbroker between July 1, 2019 and December 31, 2020 by Florida Office of Financial Regulation based upon Strnad being sanctioned by Financial Industry Regulatory Authority (FINRA) for unauthorized trading. Case No. 249967-19-AG. FINRA Public Disclosure shows that…
Wilfredo Felix Jr. of New York New York the Chief Executive Officer and Chief Financial Officer at Primex Prime Electronic Execution Inc. (Primex) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA while investigated regarding the securities broker…
John Mark Ross of Missoula Montana a stockbroker formerly registered with US Bancorp Investments Inc. is the subject of a customer initiated investment related written complaint which was resolved for $127,210.30 in damages on January 9, 2019 founded on allegations of unauthorized trading by Ross while he was associated with Wells Fargo Advisors. According to…
Robert Russel Tweed (also known as Rusty Tweed) of San Marino California the owner of Tweed Financial Services and former stockbroker of Concorde Investment Services LLC and Cabot Lodge Securities LLC has been barred as stockbroker and investment adviser representative by Securities Exchange Commission (SEC) according to an Order founded on allegations of Tweed misleading…
Fadi Sami Soliman of Liverpool New York a stockbroker formerly registered with Ameriprise Financial Services and IBN Financial Services Inc. is referenced in a New Jersey Bureau of Securities Order in which his securities agent registration in the state has been revoked as of October 15, 2020 founded on Soliman being sanctioned by Financial Industry…
Rick Douglas Konecny of Chicago Illinois a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages based upon allegations that unsuitable transactions were affected in customer accounts by Konecny when he was associated with JP Morgan Securities….
David John Melilli of Moorestown New Jersey a stockbroker formerly registered with SagePoint Financial Inc. is the focus of a FINRA investigation on April 1, 2021 in which FINRA has determined that disciplinary action should be taken against Melilli for allegedly making excessive and unsuitable trades and for forging customer signatures. Case No. 20190636810 (Apr….
Casey James Kemerly of Pennington Gap Virginia a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA when it investigated his termination from Edward Jones and his criminal charges from August of…
Michael Alejandro Castillero of New York New York a stockbroker formerly registered with Alexander Capital LP is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $62,181.00 in damages founded on accusations that the customer’s account was churned and overconcentrated in stocks because of Castillero during the time that…
Walter Morrow Allen of Suffield Connecticut a stockbroker formerly registered with Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he neglected to produce documents and information for FINRA during the course of the regulator’s investigation into Allen’s trading in the…
Robert Douglas Armstrong (also known as R. Douglas Armstrong) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related written complaint on May 12, 2021 where the customer sought $2,000,000.00 in damages based on accusations of Armstrong’s failure to sell the customer’s penny…
David James Williams of Rochester New York a stockbroker formerly registered with Allstate Financial Services has been fined $7,500.00 and suspended for 3.5 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Williams engaged in outside business activities while he was associated with Allstate Financial Services….
David Allen Maute of Springfield Ohio a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Maute did not provide a response to FINRA’s requests for his documents and information in an investigation about his possible…
William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services is the subject of a customer initiated investment related written complaint on December 31, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that the customer was sold an…
Eugene Arthur McAdams of Center Moriches New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that McAdams refused to testify for FINRA personnel who investigated whether McAdams made unsuitable recommendations to customers when he…
Michael Joseph Sievert (also known as Mike Sievert) of Jacksonville Florida a stockbroker formerly registered with Triad Advisors is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $78,000.00 in damages founded on allegations that the customer had been placed into unsuitable direct investments when Sievert was associated…
Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $800,000.00 in damages based on accusations that the customer was placed into Concord Group Holdings through a private placement offering and that…
Frank Vincent Sapareto of Derry New Hampshire a stockbroker formerly registered with Advisory Group Equity Services Ltd. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Sapareto engaged in an undisclosed outside business…
Henry Bones II of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that Bones failed to supervise a Worden Capital Management stockbroker who made unsuitable investment recommendations to…
Jeffrey John Kartheiser of Sun City Center Florida a stockbroker formerly registered with Raymond James Financial Services has been ordered by Florida Office of Financial Regulation to pay a $20,000.00 fine, to cease and desist violating securities laws or rules in Florida, and to refrain from any supervisory or managerial duties in the securities industry…
Leonard Voris Fox Jr. of Marlton New Jersey a stockbroker formerly registered with FSC Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $150,000.00 in damages founded on accusations that the customer’s funds had been misappropriated and that Fox misled them during the time that…
Adrian Torres Ortega of Sun City West Arizona a stockbroker formerly registered with BBVA Securities Inc. is referenced in an Arizona Corporation Commission Securities Division Order For Administrative Penalties and Order of Revocation where his stockbroker registration has been revoked based on Ortega being barred by a securities regulator. In the Matter of Adrian Torres…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated…
Dominic Anthony Tropiano of Cleveland Ohio a stockbroker formerly registered with America Northcoast Securities Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative based on accusations that Tropiano effected unauthorized and unsuitable transactions in customer accounts causing customers to experience more than $1,000,000.00 in losses. SEC…
Steven Roland Knuttila of Perham Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages founded on allegations that a contract between the customer and Capital Financial Services had been breached and that…
Craig Alan Sutherland of Columbus Ohio a stockbroker formerly registered with Money Concepts Capital Corp was fined by Ohio Department of Insurance supported by findings that Sutherland failed to report that another regulator took disciplinary action against him. Case No. 30849 (Nov. 10, 2020). Sutherland has been sanctioned twice before. On July 17, 2017, he…
Brandon Curt Stimpson of Logan Utah a stockbroker formerly registered with Allegis Investment Services LLC has been fined $125,000.00 and barred by Utah Securities Division from being a stockbroker in the state based on allegations of Stimpson omitting and misrepresenting investment information about index options and for committing fraud when he was associated with Allegis…
Mark Angelo Senofonte of Edison New Jersey a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related written complaint on February 13, 2021 where the customer sought more than $5,000.00 in damages founded on accusations that the customer was sold an unsuitable real estate investment trust given the…
Michael Allan Bressman of Chatham New Jersey a stockbroker formerly registered with FCG Advisors LLC has been barred as stockbroker by New Jersey Bureau of Securities on March 18, 2021 founded on Bressman engaging in fraudulent practices and theft while he was associated with FCG Advisors LLC. New Jersey’s sanctions come after Bressman was convicted…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to…
Alexander Vesneske of Amherst New York a stockbroker formerly registered with MT Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Vesneske failed to cooperate with a FINRA investigation where the regulator tried to determine if he violated FINRA rules while registered…
Jason C. LaBelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA when he was under investigation for violating the terms of a 2020 disciplinary action against…
Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages supported by accusations of negligence regarding the sale of interests in a private placement and the sale of a real estate security…
Jonathan Douglas Freeze (also known as Jon Freeze) a former stockbroker of Fortune Financial Services Inc. and representative of Alternative Energy Holdings Inc. has been charged by Securities and Exchange Commission (SEC) with defrauding twenty-five customers through fraudulent promissory notes transactions. Securities and Exchange Commission v. Jonathan D. Freeze et al. Case No. 2:21-cv-720 (June…
Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by a FINRA Office of Hearing Officers Default Decision containing findings that Guirand did not cooperate with FINRA in an investigation relating to…
Taek Man Chong of Mercer Island Washington a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related complaint which was settled for $101,749.44 in damages on February 24, 2021 founded on accusations that the customer had been charged excessive commissions while Chong was associated with Raymond…
Gilbert Anthony Kuta of Timonium Maryland a stockbroker formerly registered with Capitol Securities Management Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Kuta executed trades in customer accounts without authorization while he was associated with Capitol Securities Management. Letter…
Daniel James O’Neill (also known as Dan O’Neill) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that O’Neill executed unsuitable trades and engaged in excessive trading at Aegis Capital Corp. Department of Enforcement v. Daniel…
Richard Paul Martin of Goshen New York a stockbroker currently registered with Ameriprise Financial Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $330,430.00 in damages based on accusations of the customer being sold unsuitable investments including non-traded real estate investment trusts, annuities and insurance products…
James Francis O’Reilly of Port Jefferson New York a stockbroker formerly registered with TOR Brokerage LLC and Eastgate Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he refused to testify about accusations of his possible outside business activities and private securities…
Jeffrey Scott Anderson of Bloomington Illinois a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Anderson converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2020067888701 (Aug. 2, 2021). According to the AWC, Anderson’s…
Perry De Leeuw (also known as Perry Lynn De Leeun and as Perry Lynn Deleeuw) of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $152,715.00 in damages based on accusations of the customer incurring damages after providing…
DH Hill Securities LLLP a securities broker dealer headquartered in Kingwood Texas has been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer made unregistered securities transactions. Letter of Acceptance Waiver and Consent No. 2019063187001 (July 22, 2021). According to the AWC, from August of 2015 to…
Integrity Brokerage Services and its owner Joshua Helmle have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon an Extended Hearing Panel Decision containing findings that the firm and Helmle allowed a broker named Marc Jaffe to associate with the firm knowing that the broker had been sanctioned and disqualified by FINRA. Department of…
Jeffrey Allen Baber of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $95,000.00 in damages founded on accusations of unsuitable transactions being effected in the customer’s account and First Standard Financial Company…
Sanctuary Securities (formerly known as David A. Noyes Company) has been censured and fined $160,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that Sanctuary Securities failed to supervise its non-traditional exchange traded fund (NT-ETF) business to ensure that stockbrokers executed suitable transactions. Letter of Acceptance Waiver and Consent No. 2019060694201 (July 1, 2021)….
Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with FSR Advisory Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested more than $5,000.00 in damages supported by accusations that Kaup provided unsuitable recommendations to the customer regarding private placements and real estate securities transactions…
John Joseph Cahill of Upper Saddle River New Jersey a stockbroker formerly registered with Janney Montgomery Scott LLC is referenced in a New Jersey Bureau of Securities Summary Revocation Order in which his stockbroker and investment adviser representative registrations have been revoked based on him violating FINRA rules and the policies of Janney Montgomery Scott….
Cristiano Tempo Castellini of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 9, 2021 in which the customer requested compensatory damages based upon accusations that Castellini effected unauthorized trades in the customer’s account during the period that…
Christopher Lee Hibbard (also known as Chris Hibbard) of Louisville Kentucky a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred as stockbroker and as investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Hibbard committing fraud. In the Matter of Christopher Lee Hibbard…
Roy Joseph Failla of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been fined $15,000.00 and suspended for 45 days from being a stockbroker in New Jersey according to a Consent Order containing findings that Failla executed unsuitable and excessive trades in customer accounts while Failla was associated…
Kelly Wayne Feehrer of Chattanooga Tennessee a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made unsuitable recommendations to customers in reference to unit investment trust…
Brant Christopher Ferguson of Dallas Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. has been referenced in a customer initiated investment related written complaint on April 12, 2021 in which the customer requested more than $5,000.00 in damages based upon accusations that their account had been mismanaged during the time that…
Stuart L. Pearl (also known as Stu Pearl) of Indianapolis Indiana a stockbroker formerly registered with David A. Noyes Company has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he made unsuitable recommendations to David A. Noyes customers…
Gary Begnaud of Mount Laurel New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith inc. is the subject of a customer initiated investment related written complaint on September 3, 2020 in which the customer alleged that Begnaud effected unauthorized mutual fund trades between March 22, 2020 and March 23, 2020 resulting in…
Juan Manuel Ceja of Medford Oregon a stockbroker formerly registered with PFS investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA’s investigation into his potential falsification of customer signatures. Letter of Acceptance Waiver and Consent No….
Mark Huber of Racine Wisconsin a stockbroker and investment adviser representative of Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $32,000.00 in damages supported by accusations that Huber breached a fiduciary duty in reference to a real estate investment trust (REIT) that…
John Henry Swon IV of Bloomington Minnesota a stockbroker formerly registered with Royal Alliance Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he chose not to provide documents and information to FINRA when it investigated him for possibly misappropriating a customer’s…
Michael James Henschel of Stevens Point Wisconsin a stockbroker and investment adviser representative of LPL Financial LLC has been referenced in a customer initiated investment related written complaint on March 27, 2020 where the customer sought $13,900.00 in damages based upon allegations that they were sold a real estate investment trust (REIT) that was misrepresented…
Tyler Michael Rigsbee of Sacramento California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rigsbee refused to provide FINRA with documents and information in an investigation into his possible misuse of customer funds….
Christ Elias Baltas of Melville New York a stockbroker formerly registered with Worden Capital Management LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $284,108.07 in damages supported by allegations of unsuitable recommendations to the customer in regard to common and preferred stock and over-the-counter equities…
Kishan Parikh (also known as Sean Parikh) of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings of Parikh’s excessive and unsuitable trading in customer accounts resulting in losses. Department…
Ronald Joseph Giovino Jr. of Clearwater Florida a stockbroker formerly registered with GWN Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s request when he was investigated for conversion of customer funds at GWN Securities. Letter…
Levi B. Robinson of Anchorage Alaska a stockbroker currently registered with UBS Financial Services Inc. has been referenced in a customer initiated investment related written complaint which was settled for $125,000.00 in damages on December 6, 2018 founded on accusations of misrepresentations by the stockbroker in regard to hedging and selling a customer’s investments. According…
Douglas Edward Szempruch of Melville New York a stockbroker formerly registered with Aegis Capital Corp has been suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he excessively traded in customer accounts at Aegis Capital Corp and made misleading statements to customers relating…
Adam Petersen Summers of Crown Point Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages founded on allegations that Summers made unsuitable recommendations for the customer’s account at ETrade. Financial Industry Regulatory Authority (FINRA)…
NEXT Financial Group a securities broker dealer headquartered in Houston Texas has been censured and fined $750,000.00 by Financial industry Regulatory Authority (FINRA) founded on findings that NEXT Financial Group failed to supervise its stockbrokers’ transactions resulting in unsuitable municipal bond and mutual fund transactions in customer accounts. Letter of Acceptance Waiver and Consent No….
Timothy Joseph Cunningham of White Plains New York a stockbroker formerly registered with JP Morgan Securities LLC and JP Morgan Chase Bank has been discharged on June 18, 2020 founded on allegations of Cunningham making unauthorized trades in a customer’s account. According to JP Morgan, Cunningham executed the sale of a security from the customer’s…
Christian Murray Evans of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Evans did not get permission from Morgan Stanley regarding an outside business activity. Letter of Acceptance…
Clyde Warren Ford of Fresno California a stockbroker formerly registered with Kestra Investment Services LLC has been referenced in a customer initiated investment related civil action in which the customer obtained a judgement of $410,000.00 in damages based upon accusations of fraud relating to their purchase of Panthera. Civil Action No. 19CECG03981 (Oct. 8, 2020)….
Enoch Stanley Booth of Columbia South Carolina a stockbroker formerly registered with Valic Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with a FINRA investigation in regard to his potential private securities transactions when he was…
Robert Willis Lester of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on October 16, 2019 where the customer requested $32,135.00 in damages founded on allegations that Lester made misrepresentations to the customer regarding the fees and risks relating to an annuity…
Kevin Edward Stokesbary of Mercer Island Washington a stockbroker formerly registered with MML Investors Services is the subject of a customer initiated investment related written complaint that was resolved for $34,862.32 in damages on August 7, 2019 supported by accusations that the customer had been sold an unsuitable whole life insurance policy and variable annuity…
James Kenneth Couture of Worchester Massachusetts a former stockbroker of LPL Financial LLC and former investment adviser representative of Private Wealth Management Group has been charged by Securities and Exchange Commission (SEC) with taking part in a scheme to misappropriate $2,900,000.00 from investors. Civil Action No. 1:21-CV-10908 (D. Mass June 1, 2021). According to the…
Kevin Kimball Meadows of Liverpool New York a stockbroker formerly registered with First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA when it investigated allegations of a customer complaint against the stockbroker at First Allied…
David Wayne Kraft of Palm Beach Gardens Florida 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 $716,528.06 in damages founded on accusations that the customer’s funds had been “removed from their account without the customer’s authorization” during the…
Lawrence Moskowitz of Melville New York a stockbroker formerly registered with NYLife Securities 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 based upon findings that he engaged in outside business activities while associated with NYLife Securities. Letter of Acceptance Waiver…
Nick James Polydoros of Scottsdale Arizona a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $525,000.00 in damages supported by allegations that they had been placed into unsuitable investments because of Polydoros while he was associated with UBS…
Robinhood Financial LLC a securities broker dealer headquartered in Menlo Park California has been censured and fined $57,000,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that Robinhood Financial provided customers with misleading and false information about their accounts, authorized margin use in the accounts of customers against their wishes, and failed…
Farmers Financial Solutions LLC a securities broker dealer headquartered in Westlake Village California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer failed to supervise its mutual fund business and its variable universal life insurance business. Letter of Acceptance, Waiver and Consent No. 2017052173001…
Christopher John Shaw (also known as Chris Shaw) of Belmont North Carolina a stockbroker of Kalos Capital and investment adviser representative of Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $175,000.00 in damages founded on allegations that Shaw breached a fiduciary duty to the…
Jessica Y. Jung of Palo Alto California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations that Jung made misrepresentations regarding alternative investments that the customer purchased through her while she…
Eric Peter Burton of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Burton falsifying customers’ documents relating to variable annuity transactions that he effected. Letter of…
Cesar Gabriel Hernandez of Old Bridge New Jersey a stockbroker formerly registered with Gentem Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation concerning his involvement in a customer identification program. Letter of Acceptance…
Luke Michael Johnson of Scottsdale Arizona a stockbroker formerly registered with Coastal Equities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $76,500.00 in damages founded on allegations that Johnson provided unsuitable recommendations concerning real estate security transactions at Coastal Equities. Financial Industry Regulatory Authority (FINRA) Arbitration…
Scott Ryland Mathews of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Mathews providing unsuitable recommendations to customers regarding unit investment trust transactions…
George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings of him selling away and giving false information to FINRA during a period that he was investigated for engaging in private…
Jeffrey Raymond Dixson of Vancouver Washington a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages founded on allegations including elder abuse in regard to alternative investments that had been sold to the customer during the period that…
Daniel E. Jossen (also known as Dan Jossen) of Bethesda Maryland a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Jossen failed to cooperate with FINRA’s requests when he was investigated by the regulator for unauthorized…
Rebecca King Wah Ng-Tsang of Bellevue Washington a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on December 9, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations of misrepresentations by the stockbroker as it pertained to the liquidity…
Nathan Gersteen Katz of Largo Florida a stockbroker formerly registered with American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Katz refusing to cooperate with FINRA when he was investigated for potentially making unsuitable recommendations and effecting trades without…
Robert Lynn Mitchell of Frisco Texas a stockbroker formerly registered with Morgan Stanley Wealth Management has been discharged from employment on February 3, 2021 supported by allegations of the stockbroker being involving in undisclosed outside business activities during the time that he was associated with Morgan Stanley Wealth Management. Mitchell has been identified in four…
Merrill Lynch Pierce Fenner Smith Incorporated a securities broker dealer headquartered in New York New York has been censured and fined $3,250,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Merrill Lynch failed to supervise its stockbrokers’ recommendations of unit investment trusts resulting in customers being overcharged on UIT transactions. Letter of Acceptance…
Richard Paul Altieri of Boca Raton Florida a stockbroker and investment adviser representative of Morgan Stanley has been discharged on February 11, 2021 supported by accusations of Altieri failing to report complaints and misusing Morgan Stanley Wealth Management information. Altieri has been identified in four customer initiated investment related disputes regarding allegations of his wrongdoing…
William Edward Torriente Jr. (also known as Ed Torriente and as Eddy Torriente) of Phoenix Arizona a stockbroker formerly registered with Comerica Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages founded on accusations that Torriente breached a fiduciary duty to the customer…
Matthew Alexander Perry (also known as Alex Perry) of Columbia Montana a stockbroker formerly registered with Stifel Nicolaus Company incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA when he was investigated for a customer complaint regarding…
Jennifer W. Ling (also known as Jenifer W. Li) of New York New York a stockbroker formerly registered with Axiom Capital Management Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Ling provided unsuitable recommendations concerning an alternative investment that…
Roger Lowell Wilkie of Overland Park Kansas a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been discharged from employment on March 17, 2021 founded on accusations of Wilkie being involved in an unauthorized transaction involving the liquidation of securities from a customer’s account. Wilkie has been identified in six customer initiated…
Christopher George Orlando of New York New York a stockbroker formerly registered with Legend Securities and Worden Capital Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Orlando making excessive trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056432603 (June…
Adam Thomas Marquardt of Rochester Minnesota a stockbroker formerly registered with Wells Fargo Advisors Financial Network has been terminated on July 22, 2020 founded on accusations that he executed unauthorized transactions to address losses incurred by customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that Marquardt is referenced in a customer initiated investment…
Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related complaint which was resolved for $232,761.77 in damages on October 17, 2019 based upon accusations that the customer had been defrauded by the stockbroker during the time that she was associated…
William Nicholas Athas of Melville New York a stockbroker formerly registered with Worden Capital Management is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has determined that Department of Enforcement should pursue disciplinary action against Athas for potentially churning investor accounts and for making unsuitable investment recommendations. Case No….
Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly registered with LPL Financial LLC has been fined $25,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided customers with unsuitable recommendations relating to a speculative business development company. Letter of…
Christopher David Sinkula of Stuart Florida a stockbroker formerly registered with Janney Montgomery Scott LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages founded on accusations that Sinkula unsuitably allocated the customer in high yield securities including stocks between 2013 and 2020 while…
Joel Lansat of Palm Beach Gardens Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on April 9, 2020 in which the customer sought compensatory damages based upon accusations that unauthorized trades were effected in the customer’s Merrill Lynch investment account…
Salvatore Pizzimenti of New York New York a stockbroker formerly registered with Worden Capital Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he chose not to cooperate with a FINRA investigation in which his trading of investor accounts was being reviewed for…
Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu…
Scott S. Niekamp of Chesterfield Missouri a stockbroker currently registered with Northwestern Mutual Investment Services LLC has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to disclose outside business activities to Northwestern Mutual and had entered…
Mark Frederick Augusta (also known as Mark Fred Augusta) a stockbroker registered with Wedbush Securities Inc. and Hilltop Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that Augusta made misrepresentations to the customer regarding structured products and…
Titan Securities a securities broker dealer headquartered in Addison Texas has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that Titan Securities failed to supervise outside business activities of its stockbrokers. Letter of Acceptance Waiver and Consent No. 2019061705101 (June 8, 2021). According to the AWC, a Titan Securities…
Christopher Grant Conness of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is the subject of a customer initiated investment related written complaint on October 20, 2020 where the customer requested $50,000.00 in damages supported by allegations that Conness’ real estate investment trust recommendations were unsuitable for them. According to the…
Hugh Ordway Barndollar III (also known as Hobby Barndollar) a stockbroker currently registered with Crown Capital Securities is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought more than $5,000.00 in damages founded on allegations that they had been sold an unsuitable non-traded business development company and…
Michael John Giovannelli of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with effecting an unauthorized trade in a customer’s account when Giovannelli was associated with Spartan Capital Securities. Department of Enforcement v. Michael J. Giovannelli Disciplinary Proceeding…
Marc Romeyn Lippman of Washington DC a stockbroker formerly registered with Folger Nolan Fleming Douglas Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he effected unauthorized trades in customer accounts and had falsified testimony when he was investigated by FINRA regarding his…
Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker registered with Centaurus Financial Inc. and JP Turner Company LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $125,000.00 in damages based upon allegations of unsuitable recommendations of a corporate bond and a certificate of…
Carlos Arturo Hurtado (also known as Carl Arthurs and as Carlos Arthurs) of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation into…
Edward Earl Matthes of Milwaukee Wisconsin a stockbroker formerly registered with Mutual of Omaha Investor Services has received a 63-month jail sentence based on him pleading guilty to violating federal securities laws as 27 victims had been defrauded in his $2,600,000.00 investment scheme. United States v. Edward E. Matthes 20-cr-0220-bhl (E.D. Wis. May 20, 2021)….
Thomas John Marino of Lake Worth Beach Florida a stockbroker formerly registered with RM Stark Co. Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Marino did not comply with a FINRA Arbitration Award. Case No. 19-00968 (Oct. 27, 2020). This is not…
Christopher Thomas Tolmacs of Portage Michigan a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $225,000.00 in damages based upon allegations of the violation of securities rules and the breach of fiduciary duty by the stockbroker as it pertained to…
Andre Pierre Davis of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been issued a Summary Revocation and Penalty Order by New Jersey Bureau of Securities in which his stockbroker registration has been revoked and he has been fined $1,000,000.00 based upon findings of Davis making unsuitable and…
Thomas Edison Kelly Jr. of New York New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought more than $5,000.00 in damages based upon accusations that they were sold unsuitable private placements by Kelly while he was associated…
Jeffrey Warren of Boca Raton Florida a stockbroker formerly registered with Oppenheimer Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Warren failed to comply with FINRA when he was being investigated in regard to a “gift” he obtained from a deceased…
Joseph Sylvester Sturniolo of Denver Colorado a stockbroker formerly registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon accusations that Sturniolo provided unsuitable recommendations to the customer as it pertained to a real estate security,…
Nicholas Richard Palumbo of Armonk New York a stockbroker formerly registered with Park Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he did not provide any documents or information to FINRA when it investigated him for potentially selling away from…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford Connecticut a stockbroker currently registered with Woodbury Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of the stockbroker’s unsuitable recommendations during the time that he was associated…
Louis Paul Kreisberg of Brentwood Tennessee a stockbroker formerly registered with Wavecrest Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he neglected to comply with requests that FINRA made of him during the period that he was under investigation for potential…
Farrukh Shazad Kazmi of Moorestown New Jersey a stockbroker currently registered with Berthel Fisher Company Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,000.00 in damages founded on allegations of failed due diligence relating to the customer’s investment in a business development company and real…
Ricardo Turlan (also known as Ricardo Patricio Perez-Turlan and as Ricardo Patricio Ramirez) of San Antonio Texas a stockbroker formerly registered with UBS Financial Services 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 supported by findings that he effected unauthorized trades…
Angelo Talebi of Sherman Oaks California a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer had been placed into unsuitable alternative investments because of Talebi at Royal Alliance Associates….
Mario Everildo Rivero, Jr. of Fort Mill South Carolina a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rivero obstructed a FINRA investigation into accusations that had been made against him by two of his customers. Letter…
Matthew Gregory Zanowiak of Lancaster Pennsylvania a stockbroker currently registered with Cadaret Grant Co. Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zanowiak made unauthorized trades in a customer’s account during the time that he was associated with Cadaret…
James William Flower (also known as Jim Flower) of Garden City New York a stockbroker formerly registered with SW Financial has been issued a Financial Industry Regulatory Authority (FINRA) Extended Hearing Panel Decision on May 27, 2021 in which he has been barred from associating with any FINRA member in any capacity based on findings…
Scott Michael Rosenberg of New York New York a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that Rosenberg made misrepresentations to the customer regarding buying and holding into an options overlay strategy between…
UnionBanc Investment Services LLC a securities broker dealer headquartered in Glendale California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that UnionBanc failed to supervise its variable annuity transactions. Letter of Acceptance Waiver and Consent No. 2019062972401 (May 5, 2021). According to the AWC, between January of 2016…
Abdul Matin Rahmani of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities when he was associated with Joseph Stone, and with failing to be cooperative with FINRA during the time that he was…
James Arthur Allen (also known as Jim Allen) of Chicago Illinois a stockbroker formerly registered with David A. Noyes is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $160,000.00 in damages based upon allegations that the customer had been sold an unsuitable alternative investment by Allen through David…
Gilbert W. Cox of Concord New Hampshire a stockbroker formerly registered with Citizens Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Cox hindered a FINRA investigation into accusations of his outside business activities. Letter of Acceptance Waiver and Consent No. 2020066700601…
Clement Lancelot Chichester (also known as Clement Ignatius Chichester) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested between $250,000.00 and $500,000.00 in damages supported by accusations that the customer received bad investment advice from…
Steven Pagartanis of Seatauket New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been barred by United States Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisories as Pagartanis pleaded guilty to conspiracy to commit mail and wire…
Jeffrey Paul Weiner of Elmsford New York a stockbroker formerly registered with MML Investors Services LLC is referenced in a customer initiated investment related written complaint on February 14, 2021 in which the customer requested more than $5,000.00 in compensatory damages supported by allegations that Weiner made misrepresentations regarding a variable life insurance policy that…
Rand Alan Heckler of Glen Cove New York a stockbroker formerly registered with Benjamin Jerold Brokerage I LLC has been charged by Securities and Exchange Commission (SEC) with defrauding investors. SEC v. Rand Heckler and Rand Heckler Inc. Civil Action No. 1:20-cv-04654 (Sept. 30, 2020). According to the Complaint, in 2015, a senior investor’s securities…
Kenneth Leopold Williams of Red Bank New Jersey a stockbroker formerly registered with Paulson Investment Company LLC has been discharged by the securities broker dealer on August 20, 2020 supported by allegations that Williams was not compliant with Paulson’s instructions. According to the claim, customers were provided with private information from Williams against company policy….
Scott Douglas Williams of Franklin Tennessee a stockbroker formerly registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages founded on accusations that unsuitable stock recommendations had been made by Williams for the customer’s Raymond James Financial Services account….
John Sebastion Cangialosi of New York New York a stockbroker registered with Worden Capital Management and SW Financial is under a Financial Industry Regulatory Authority (FINRA) investigation in which Cangialosi may face disciplinary action for allegedly making unsuitable recommendations to customers. Case No. 20170564326 (Sept. 15, 2020). According to FINRA Public Disclosure, FINRA recommended for…
John Edgar Simmons Jr. of Gulf Breeze Florida a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simmons failed to cooperate with FINRA’s investigation which focused on whether he engaged in unapproved private securities transactions. Letter…
Hung Sam (also known as Sam T. Hung and as Hung Tuan Sam) a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Sam borrowed funds from a customer…
Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $30,774.00 in damages founded on accusations that Kopman had the customer invest in high-risk and illiquid investments. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Candido Jose Viyella of Miami Florida a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Viyella failed to comply with FINRA when it investigated him for potentially selling away from Morgan Stanley. Letter of Acceptance Waiver and…
William Herman Dixon (also known as Bill Dixon) of Charlotte North Carolina a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he obstructed FINRA’s investigation into his potential use of fake customer signatures. Letter of Acceptance…
Wayne Ivan Miiller of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer sought $13,204,427.00 in damages founded on allegations that unsuitable alternative investments were sold to the customer by an Accelerated Capital Group stockbroker under Miiller’s…
Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML Investors Services has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with an investigation in which he was being examined for possible excessive trading in customer accounts. Department of Enforcement v. Adam Gerald Belardino Disciplinary Proceeding No. 2019062347102…
Jason Howell Poff of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Poff engaged in outside business activities that were neither disclosed to nor approved by LPL…
Sharon Melinda Kwan (also known as Sharon Chen, Sharon Quan, My Mon Quan and as Mei Man Quan) of Arcadia California a stockbroker currently registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on May 5, 2020 where the customer sought compensatory damages based upon accusations of misrepresentation…
Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to comply with an arbitration award or otherwise inform FINRA about his compliance. FINRA Arbitration No. 20-00245 (Aug….
Eric John Vici of Melbourne Florida a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Vici hindered FINRA’s investigation into accusations of his misuse of customer funds. Letter of Acceptance Waiver and Consent No. 2021069176201 (May…
Calton Associates Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings of Calton Associates failing to supervise sales of volatility-linked exchange traded products which resulted in customers’ experiencing losses on unsuitable transactions. Letter of Acceptance Waiver and Consent No. 2018060466201…
George Anthony Nikolakakos of New York New York a stockbroker formerly registered with Four Points Capital Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages based upon accusations that Nikolakakos provided unsuitable recommendations to the customer and had caused the customer to maintain…
Chander Ketu Goel of New York New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Goel failed to provide information and documents to FINRA when it investigated him for potentially engaging in outside business…
Mercer Hicks III (also known as Toby Hicks III) of Charlotte North Carolina a stockbroker formerly registered with Capital Investment Group and Southeast Investments NC Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Extended Hearing Panel Decision containing findings that Hicks made…
Michael John Giovannelli (also known as Michael Anthony Giovannelli) of Garden City New York a stockbroker formerly registered with Spartan Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator made an initial determination to recommend that Giovannelli be sanctioned for engaging in unauthorized trading and for providing…
Carl George Antaki of Syosset New York a stockbroker formerly registered with First Standard Financial Company 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 supported by findings that he made unsuitable investment recommendations in a customer’s account. Letter of Acceptance…
Michael Joseph Dellaporta Jr (also known as Mike Dellaporta) a stockbroker formerly registered with Fusion Analytics Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to hand over documents and information to FINRA when it investigated whether he engaged in…
Masood Husain Azad (also known as Mike Azad) of League City Texas a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations of negligence and breach of contract relating to investments in Direct…
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker registered with International Assets Advisory and LPL Financial LLC has been fined $5,000.00 and suspended for five weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in outside business activities. Letter of Acceptance Waiver and Consent…
Shelley Long Eddy (also known as Shelley Christie Long and as Shelley Christie Eddy) of Atlanta Georgia a stockbroker formerly registered with PeachCap Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $34,164.99 in damages founded on accusations that Eddy made omissions and misrepresentations to the…
Scott David Fergang of Paramus New Jersey a stockbroker formerly registered with RBC Capital Markets has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he executed unauthorized trades in a customer’s account. Letter of Acceptance Waiver and Consent No. 2018059478701 (Apr….
John M. Cullen of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,948.00 in damages based upon accusations that Cullen provided unsuitable recommendations to the customer during the time that Cullen was associated…
Frederick Joseph Rock (also known as Frederick Joseah Rock) a stockbroker formerly registered with Pruco Securities LLC has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rock engaged in private securities transactions involving customers of Pruco Securities. Letter…
Bryon Edwin Martinsen of Kings Park New York a stockbroker currently registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages founded on accusations that between November of 2007 and October of 2020, the customer’s account had been invested…
PHILADELPHIA (May 27, 2021). The Guiliano Law Group is pleased to announce that a FINRA Securties Arbitration Panel, siting in Atlanta, after a series of lengthy hearings last month, rendered an Final Award in the amount of $1,978,713 for our clients in 18-04008 Executed Award. The Award includes interest, costs and attorney’s fees of $328,540,…
Louis Maurice Olave of Burlington Vermont a stockbroker formerly registered with Questar Capital Corporation has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he had been selling away. Letter of Acceptance Waiver and Consent No. 2020065678101 (Apr. 7,…
Marc Frederick Korsch of Sarasota Florida a stockbroker formerly registered with Centaurus Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded on accusations that they had been invested in unsuitable investments including real estate securities and direct investments because of Korsch and…
Joseph Albert Ambrosole of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Ambrosole recommended unsuitable and excessive transactions in customer accounts. Letter of Acceptance…
Independent Financial Group LLC a securities broker dealer headquartered in San Diego California has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it failed to supervise a stockbroker who made unsuitable recommendations to customers. Letter of Acceptance Waiver and Consent No. 2018059223401 (Apr. 8, 2021). According to the…
Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with WestPark Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officer’s Order that contains findings of McCloskey engaging in private securities…
Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with Kovack Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages supported by allegations that the customer was placed into unsuitable real estate investment trusts by…
David Brian Zuber (also known as David Brown Zuber) of LaVista Nebraska a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation concerning private securities transactions and outside business…
Joia Evans (also known as Joia Leanne Thomas and as Joia Leanne Webb) of Atlanta Georgia a stockbroker formerly 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 supported by findings that she refused to participate in a FINRA investigation…
Charles Chester Kulch of Nashua New Hampshire a stockbroker formerly registered with NEXT Financial Group Inc. has been charged by Massachusetts Securities Division with violating Massachusetts laws founded on accusations that he sold risky, illiquid and unsuitable non-traded REITs to customers and had overconcentrated their accounts in those products. In the Matter of Charles C….
Arni Jat Diamond (also known as Arni Jay Diamond) of Jacksonville Florida a stockbroker formerly registered with Kalos Capital Inc. is the subject of a customer initiated investment related written complaint which was resolved on January 18, 2021 for $17,749.00 in damages based upon allegations that Diamond’s alternative investment advice or handling of the customer’s…
Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) with engaging in private securities transactions, making unsuitable recommendations and failing to cooperate with FINRA during the period that he was under investigation. Department of Enforcement v. Steven Douglas Schisler Disciplinary Proceeding…
Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with its investigation into accusations of his solicitation of real estate investment trusts while he was associated with Woodstock Financial Group. Department of Enforcement v. Hugues Guirand Disciplinary…
Elias Moses Hakimian (also known as Elias Moses Lopez-Hakimian) of Seal Beach California a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he borrowed an LPL Financial customer’s funds in…
Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that…
Paul Andrew Spero of Liverpool New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and…
Constantinos George Maniatis of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he effected trades in customer accounts without authorization. Letter of Acceptance Waiver and Consent No. 2019062788601…
David Martin Martirosian of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Martirosian failed to cooperate with FINRA when he was investigated for effecting unsuitable and excessive trades in customer…
Matthew Angelo Siliato of Bronx New York a stockbroker formerly registered with Wynston Hill Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not cooperate with FINRA’s investigation into allegations of him making unauthorized and excessive trades. Letter of Acceptance…
Marcus E. Boggs of Chicago Illinois a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $44,731.77 in damages on October 21, 2020 founded on accusations of “unauthorized charges” in the customer’s account during the time that Boggs…
Sun Hyung Kim of Los Angeles California a stockbroker formerly registered with Kayan Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he made unauthorized trades in customer accounts and had provided FINRA with misleading and false information when he was investigated…
Kevin David Barton of Vista California a stockbroker currently registered with Crown Capital Securities LP has been fined $17,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he took part in outside business activities and had executed unauthorized trades in customer…
ON Equity Sales Company Inc. (ONESCO) a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that ONESCO failed to supervise sales of variable annuities resulting in a stockbroker having made unsuitable recommendations to customers of the firm. Letter of Acceptance Waiver…
Charles Alan Correal (also known as Chuck Correal) of Pittsburg Pennsylvania a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by accusations that they had been sold unsuitable investments by Correal during the time that he was…
American Independent Securities Group LLC (AISG) a securities broker dealer headquartered in Eagle Idaho together with AISG securities principals Ryan Carlson and Nicholas Cioffi have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that they failed to supervise the sales of collateralized mortgage-backed securities (CMOs) resulting in losses to customers. Letter of…
James Royal Kirchner of Indianapolis Indiana a stockbroker formerly registered with David A. Noyes Company is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that the customer had been placed into alternative investments that failed to be suitable for them…
Jeremy Taylor Johnson of Murrieta California a stockbroker formerly registered with Torch Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity given findings of Johnson refusing to cooperate with FINRA’s investigators when he was under investigation for possible sales practice violations including misrepresentation and unsuitability. Letter of…
Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly registered with RBC Capital Markets 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 supported by findings that Fladell provided unsuitable investment recommendations to an RBC Capital Markets customer. Letter…
John Stephen Pronovost of Watertown Connecticut a stockbroker formerly registered with Cambridge Investment Research is referenced in a customer initiated investment related written complaint on October 16, 2020 in which the customer requested $88,800.00 in damages supported by allegations that the customer was placed into unsuitable real estate securities and mutual funds while Pronovost was…
JW Cole Financial Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer failed to supervise its stockbrokers’ recommendations of alternative investments. Letter of Acceptance Waiver and Consent No. 2019061764801 (Mar. 18, 2021). According to the…
Keith Holcomb of Pawtucket Rhode Island a stockbroker formerly registered with MML Investors Services LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Holcomb borrowed customer funds in violation of MML company policy. Letter of Acceptance Waiver and Consent No….
Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages supported by allegations that their assets had been concentrated in non-traded real estate investment trusts by Davis during the time that he was…
Gordon Leonard Bryan of Terre Haute Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities involving customers of the securities…
Gregory Jon Mancuso of El Segundo California a stockbroker formerly registered with BMA Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Mancuso lied to FINRA investigators while he testified about his involvement with two customers’ fund transfers….
John F. Riccardi Jr of New York New York a stockbroker formerly registered with Windsor Street Capital LP is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $250,000.00 in damages based on Riccardi and Windsor Street Capital being found liable on the customer’s causes of action…
Candice Elaine Montie (also known as Candice Elaine Siekierski) of Fenton Michigan a stockbroker currently registered with Moloney Securities 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 founded on findings that Montie engaged in private securities transactions during the…
Ignacio Erhart Del Campo of Boca Raton Florida a stockbroker formerly registered with Northeast Securities 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 supported by findings that Erhart Del Campo executed unauthorized trades in the customer’s account resulting in losses….
Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related civil action brought in a Maryland District Court where the customer sought $75,000.00 in damages founded on allegations relating to Pal’s private securities transactions while registered with Morgan Stanley Smith Barney. Civil Action No….
Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (“FINRA”) Department of Enforcement with failing to cooperate with FINRA’s requests during the period that he was under investigation for borrowing funds form a customer. Department of Enforcement v. Alan Price Disciplinary Proceeding No….
Cabot Lodge Securities LLC a securities broker dealer headquartered in New York has been censured and fined $270,000.00 by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement which contains findings of Cabot Lodge failing to supervise REIT offerings and providing unsuitable recommendations to customers. Department of Enforcement v. Cabot Lodge…
Gerard Joseph Costello of New York New York a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested up to $100,000.00 in damages founded on allegations that there were unsuitable recommendations by Costello in regard to an options overlay strategy…
Evan A. Schottenstein of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Schottenstein failed to comply with FINRA personnel when he was under investigation for potential trading misconduct. Letter of…
Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $1,000,000.00 in damages on February 22, 2021 based upon accusations that the customer’s assets had been converted by Clason between 2015 and 2020 while Clason…
Dennis Phillip Ayre of Beverly Hills California a stockbroker formerly registered with Oppenheimer Company Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages based upon allegations that the customer’s assets had been overconcentrated by Ayre in Foresight Energy LP stock between September of…
Kenneth Joseph Heidelberger of Boca Raton Florida a stockbroker currently registered with Fifth Third Securities Inc. is referenced in a customer initiated investment related written complaint on March 7, 2020 in which the customer requested $10,000.00 in damages based upon accusations of a poorly performing unit investment trust being held in the customer’s account during…
Daniel Ernest Davis (also known as Danny Davis) of Louisville Kentucky a stockbroker currently registered with Ausdal Financial Partners Inc. is the subject of a customer initiated investment related written complaint on February 21, 2020 in which the customer requested $92,707.00 in damages founded on accusations of Davis making unsuitable investment recommendations to the customer concerning…
Edmund Roger Zack of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zack made unsuitable recommendations to Aegis customers and made excessive trades in their…
Erin Lynn Verespy of Trumbull Connecticut a stockbroker formerly registered with HD Vest Investment Services has been issued a Cease and Desist Order by the Banking Commissioner of the State of Connecticut founded on allegations of Verespy engaging in outside business activities, failing to disclose lawsuits, and borrowing funds from a customer of HD Vest…
Trevor Bradner Rahn of Los Angeles California a stockbroker formerly registered with JP Morgan Securities LLC has been fined $10,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rahn made unsuitable recommendations and unauthorized trades when he was associated with JP…
Mark Scordato of Parsippany New Jersey a stockbroker formerly registered with GF Investment Services is referenced in a customer initiated investment related written complaint on April 29, 2020 where the customer sought $34,000.00 in damages supported by accusations of a fixed insurance product being purchased without the customer’s authorization when Scordato was associated with GF…
Jeremy Seidman of Boston Massachusetts a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $6,500,000.00 in damages supported by accusations that the customer had been recommended an unsuitable options overlay strategy by Seidman between 2016 and 2019 when he…
Corey Andrew White of Westlake Village California a stockbroker formerly registered with Financial West Group has been fined $20,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory or principal capacity founded on findings that he failed to supervise his stockbrokers’ trading resulting in unsuitable alternative investment trading in…
Thomas Joseph Logue Jr. of Hinsdale Illinois a stockbroker formerly registered with American Independent Securities Group LLC (AIGS) is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $450,000.00 in damages founded on allegations that the customer had been placed into unsuitable asset-backed debt investments during the time that…
Gerald James O’Halloran of Punta Gorda Florida a stockbroker formerly registered with Kovack Securities Inc. is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 in damages on May 29, 2020 based upon allegations that the customer had been placed into unsuitable real estate securities and stocks by O’Halloran…
Mark Larry Delgadillo of Santa Barbara California a stockbroker formerly registered with DA Davidson Co. has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Delgadillo effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and Consent…
Albert Lewis DeGaetano of Independence Ohio a stockbroker formerly registered with Cabot Lodge Securities LLC has been discharged on November 15, 2019 based upon allegations of him violating the firm’s directives as it related to private securities transactions. Cabot Lodge Securities also alleged that DeGaetano’s correspondence with the public violated firm policy. This is not…
Frank Vincent Sapareto of Westport Connecticut a stockbroker formerly registered with Advisory Group Equity Services Ltd. is referenced in a Financial industry Regulatory Authority (FINRA) investigation in which the regulator determined that Sapareto should face disciplinary action for allegedly failing to be truthful during an investigation into his outside business activities. FINRA Investigation No. 20180603797…
Chad T. Mackland of Council Bluff Iowa a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Mackland neglected to provide information and documents to FINRA when it investigated him for accusations of fraud. Letter of Acceptance…
Gregory Spencer O’Brien of New York New York a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $153,300.00 in damages founded on accusations that the customer had been placed into poorly performing investments between 2013 and 2019 during the period…
Corey Alexander Johnson of Melville New York a stockbroker currently registered with Aegis Capital Corp has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Johnson executed unauthorized transactions in customer accounts during the time that he was associated with Aegis Capital…
Ricardo Fontana Guimaraes of Miami Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $57,000.00 in damages based upon allegations that the customer had been sold unsuitable bonds from Guimaraes when he was associated with UBS Financial…
David Nathan Hale of San Francisco California a stockbroker currently registered with Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related written complaint which was settled on April 23, 2019 for $12,113.11 in damages founded on allegations that the customer’s investment account had been subject of “reverse churning” by Hale as it…
William James Novack (also known as Bill Novack) of Monticello Indiana 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 supported by findings that Novack failed to cooperate with FINRA’s investigation into accusations of him allowing a barred stockbroker to…
Jonathan William Lonske of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been issued a Consent Order by Massachusetts Securities Division which requires Lonske to be placed on heightened supervision based on allegations that he was the subject of customer initiated investment related complaints and was terminated from a securities broker dealer for…
Jeffrey William Fitz of Short Hills New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on June 5, 2020 where the customer sought compensatory damages founded on accusations that misrepresentations had been made to the customer by Fitz concerning investment…
Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,202,739.63 in damages based upon accusations of Pariser having involved himself with people who persuaded the customer to invest in fraudulent promissory notes. Financial…
Kishan Parikh (also known as Sean Parikh) of New York New York a stockbroker formerly registered with Aegis Capital Corp has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with executing unsuitable, excessive and unauthorized trades in the accounts of Aegis Capital Corp customers. Department of Enforcement v. Kishan Parikh Disciplinary Proceeding…
Mark Joseph Boucher of Carlsbad California a former stockbroker of Raymond James Financial Services and former investment adviser representative of SCF Investment Advisors Inc. has been charged by Securities and Exchange Commission (SEC) with engaging in a fraudulent scheme during the period that he controlled Strategic Wealth Advisors Group (SWAG). Securities and Exchange Commission v….
James Andrew Geake (also known as Jim Geake) of Skokie Illinois a stockbroker currently registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related written complaint on November 5, 2020 in which the customer requested compensatory damages founded on accusations that unsuitable investment recommendations had been made by Geake causing…
Tonya Nicole Smoake of Franklin Lakes New Jersey a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she engaged in private securities transactions during the period that she was…
Mark Allen Barrand of Denver Colorado a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 in damages based upon accusations that the customer had been advised by Barrand to invest in Business Development Corporation of America when Barrand was…
Megurditch Mike Patatian (also known as Mike Patatian) a stockbroker formerly registered with Westlake International Securities Inc. has been charged by Financial Industry Regulatory Authority (FINRA) with making unsuitable recommendations of real estate investment trusts to customers of Western International Securities. Department of Enforcement v. Megurditch Patatian Disciplinary Proceeding No. 2018057235801 (Feb. 26, 2021). According…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is referenced in a customer initiated investment related written complaint on January 22, 2021 where the customer requested $100,000.00 in damages supported by accusations that they had been placed into unsuitable mutual funds and direct investments when the…
Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities is the subject of a Financial Industry Regulatory Authority (FINRA) investigation where the regulator believes that disciplinary action should be pursued against Schisler for allegedly providing unsuitable investment recommendations to customers in violation of FINRA Rules 2010 and 2111(a). FINRA Case…
Lang Phu Nguyen of Campton Hills Illinois a stockbroker formerly registered with Edward Jones has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen executed unauthorized trades in customer accounts when he was associated with Edward Jones. Letter…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations of the breach of both a contract and fiduciary duty by the stockbroker in reference to real…
Rhett Douglas Bedwell of Rogers Arizona a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with the regulator when he was being investigated for using forged documentation to transition a customer’s assets…
Ray Gene Reese of Farmington Montana a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $400,000.00 in damages based upon allegations that misrepresentations and omissions had been made to them concerning investments in GPB when Reese was associated…
Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined by Tennessee Securities Division based upon Venable having been sanctioned by Financial Industry Regulatory Authority (FINRA) for effecting discretionary trades in customer accounts. Case No. TSD No. 20-013 (June 26, 2020). The Securities Division found Venable to be…
Richard Scott Shelley (also known as Richard Scott Shelly) a stockbroker formerly registered with Packerland Brokerage Services 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 founded on findings that he engaged in private securities transactions during the time that he…
Jack Howard Owens Jr. of Lady Lakes Florida a stockbroker formerly registered with Gradient Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $17,500.00 in damages supported by accusations that there was a breach of fiduciary duty by the stockbroker and that the customer’s annuity…
Ryan Owen Tarjanyi of Kettering Ohio a stockbroker formerly registered with Bankers Life Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not provide information to FINRA during the period that he was investigated for forgery and for falsifying documents relating…
Mayur T. Dalal of New Hyde Park New York a stockbroker formerly registered with Kestra Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to provide recorded testimony to the regulator while under investigation for potentially engaging in private securities…
Michael Christopher Martino of New York New York a stockbroker currently registered with Four Points Capital Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $543,163.00 in damages founded on accusations that the customer received unsuitable investment recommendations from Martino when he was associated with…
Gerald John Cocuzzo (also known as Jerry Cocuzzo) of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $208,287.00 in damages based upon allegations of unsuitable stock trading by Cocuzzo while he was registered with Newbridge Securities…
George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to cooperate with a FINRA investigation into accusations of him selling away from Chelsea Financial Services. Letter…
Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $172,688.03 in damages founded on allegations that they had been advised by Hoffman to invest in Zima Global Ventures…
Robert Juan Escobio of Miami Florida a former Chief Executive Officer of Southern Trust Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA National Adjudicatory Council (NAC) Decision containing findings that Escobio failed to cooperate with FINRA during the period that he…
Jeffrey David Stanga of Mission Viejo California a stockbroker currently registered with FMN Capital Corporation has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to make known to FMN Capital Corporation that he engaged in outside…
Timothy Trevor Kenska of Rye New York a stockbroker currently registered with Citigroup Global Markets is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $150,000.00 in damages founded on allegations of misrepresentations and omissions by Kenska concerning transactions executed in the customer’s Citigroup Global Markets individual retirement…
Michael Barry Carter (also known as Mike Carter) of McClean Virginia a stockbroker formerly registered with Morgan Stanley has been fined $220,000.00 and barred by the State of Maryland from being a stockbroker or investment adviser representative supported by allegations that he defrauded investors. Case No. 2019-0176 (Dec. 15, 2020). According to the Consent Order,…
Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services has been charged by Securities and Exchange Commission (SEC) with misappropriating $1,150,000.00 from customers who held accounts at American Portfolios Financial Services. SEC v. Mark L. Hopkins Case No. 20-cv-11980 (July 24, 2020). According to the Complaint, in 2017,…
Charles Abad Santos Bonilla of Boca Raton Florida a stockbroker formerly registered with David Lerner Associates Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Bonilla made unsuitable recommendations to customers concerning alternative investments. Letter of Acceptance…
James A. Franklin (also known as Jim Franklin) of Houston Texas a stockbroker formerly registered with Investors Capital Corp. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought more than $5,000.00 in compensatory damages founded on accusations that his investment recommendations were not suitable for the…
Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages supported by accusations of unsuitable recommendations being made to the customer concerning GPB and other direct investments including DPPs or…
Triad Advisors LLC a securities broker dealer headquartered in Atlanta Georgia has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings of Triad’s failure to supervise its stockbrokers’ transactions resulting in unsuitable trades being effected in customers’ accounts. Letter of Acceptance Waiver and Consent No. 2017052330501 (Feb. 9, 2021). According…
Kyle Robert Franklin of Cameron Park California a stockbroker formerly registered with First Allied Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of negligence and breach of contract as it pertained to real estate investment trusts and variable annuities purchased…
Gerald Lee Repasz (also known as Jerry Repasz) of East Peoria Illinois a stockbroker formerly registered with Ausdal Financial Partners is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages supported by accusations that they had been placed into unsuitable investments including real estate securities…
Marcelo Javier Poliak (also known as Marcelo Juvier Poliak) of Miami Florida a stockbroker currently registered with Jeffries LLC is the subject of a customer initiated investment related complaint on September 8, 2020 where the customer sought compensatory damages based upon accusations that they had been placed into a hedge fund that was unsuitable for…
Bradley Allen Goodbred of Roselle Illinois a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to comply with a FINRA investigation into accusations of his outside business activities during the time that he was…
James Blake Daughtry of Dothan Alabama a stockbroker formerly registered with Kestra Investment Services LLC is referenced in a customer initiated investment related civil action where the customer sought $231,752.00 in damages supported by accusations that they had been steered by Daughtry towards establishing investment accounts with an investment adviser who Securities Exchange Commission (SEC)…
Ricky Alan Mantei of Lexington South Carolina a former stockbroker and investment adviser representative of JP Turner Company has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Extended Hearing Panel Decision containing findings that Mantei engaged in a prearranged trading scheme….
Gregory Jon Williams (also known as Greg Williams) a stockbroker formerly registered with Forta Financial Group Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $250,000.00 in damages supported by accusations of misrepresentation and breach of fiduciary duty as it pertained to the customer’s investments in…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is referenced in a customer initiated investment related complaint on October 21, 2020 in which the customer requested $50,000.00 in damages based upon allegations that unsuitable real estate investment trusts had been sold to them during the time that…
Stewart Irwin Schram of Northbrook Illinois a stockbroker formerly registered with Kingsbury Capital Inc. has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Schram engaged in outside business activities and private securities transactions during the time that he…
Joseph Patrick Roop (also known as Joe Pat Roop) of Belmont North Carolina a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 in damages based upon accusations that the customer received unsuitable investment recommendations from Roop concerning real estate…
Jeffrey Neil Cadan of New York New York 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 accusations that between July of 2014 and December of 2016, excessive trades had been effected in the customer’s…
Scott Wayne Reed of Scottsdale Arizona a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Reed taking part in $3,500,000.00 worth of private securities transactions during the time that he was associated with Wells…
William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $800,000.00 in damages supported by accusations that unauthorized trades were executed in the customer’s account between March 1, 2019…
Darrell Anthony Smith Jr of Memphis Tennessee a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with FINRA personnel during the time that he was investigated for allegedly effecting unauthorized transactions…
Shlomo Strugano (also known as Shlomy Strugano and as Solomon Strugano) of Reseda California a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $750,000.00 in damages supported by accusations of elder abuse and misappropriation. Financial Industry Regulatory Authority (FINRA)…
James Gregory McKinney (also known as Greg McKinney) of Tulsa Oklahoma a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related complaint on November 3, 2020 where the customer sought unspecified damages supported by allegations that they were provided with unsuitable investment recommendations from McKinney during the time…
Sean Daniel McDevitt of Houston Texas a stockbroker formerly registered with Woodrock Securities LP has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that McDevitt engaged in outside business activities while registered with Woodrock. Letter of Acceptance Waiver and…
Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on accusations of unsuitable real estate investment trust recommendations by Fretz during the time that he was associated with…
Andrew James Pravlik of Pittsburgh Pennsylvania a stockbroker formerly registered with Prospera Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $27,000.00 in damages supported by allegations that five unsuitable alternative investments had been recommended by Pravlik during the time that he was associated with…
Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $430,000.00 in damages based upon allegations of Brodt’s failure to undertake due diligence prior to recommending that the customer purchase direct investments including direct…
James Ernest Joly of East Greenwich Rhode Island a stockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related complaint on April 21, 2020 where the customer sought $13,000.00 in damages supported by allegations of Joly causing an inappropriate asset transfer into an annuity. Joly has been identified in…
Christian Frank Lucchetto of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company 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 founded on findings that he excessively traded in the account of a First Standard Financial…
Kevin Douglas Houser of Allentown Pennsylvania a stockbroker and investment adviser representative of LPL Financial is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $358,000.00 in damages supported by accusations that the customer had been provided unsuitable investment recommendations regarding business development companies and real estate…
Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $4,800,000.00 in damages based upon allegations of the stockbroker making unsuitable trades involving closed end funds during the period that he was registered…
Javelin Mikol San Nicolas of Sparks Nevada a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he refused to comply with FINRA’s investigation into accusations of his mishandling of customer funds. Letter of Acceptance Waiver and Consent…
Lester William Burroughs (also known as Chad Burroughs) of Torrington Connecticut a stockbroker formerly registered with Lincoln Investment Planning LLC has been referenced in a customer initiated investment related complaint on October 13, 2020 where the customer requested $126,380.00 in damages supported by allegations that the stockbroker concealed the surrender penalty on an annuity that…
Anthony Tricarico of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made unsuitable trades in customer accounts. Letter of Acceptance Waiver and Consent No….
David Arthur Jenson of Amarillo Texas a stockbroker formerly registered with Great Nation Investment Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to cooperate with a FINRA investigation concerning his potential unsuitable church bond recommendations to customers. Letter of Acceptance…
Scott Alan Sanders of Fort Myers Florida a stockbroker formerly registered with Stifel Nicolaus Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $100,000.00 in damages supported by Stifel Nicolaus being found liable on the customer’s claims including breach of contract and breach…
Jonathan Michael Ebel of Hauppauge New York a stockbroker formerly registered with Laidlaw Company UK Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $12,721.00 in damages founded on allegations that Ebel executed excessive trades in the customer’s account at Laidlaw Company. Financial Industry Regulatory Authority…
Charles Ernest Kenahan of Boston Massachusetts a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA investigators regarding his sales practices. Letter of Acceptance Waiver and Consent No….
Robert David Cohen (also known as Bob Cohen and as Rob Cohen) a former stockbroker and investment adviser representative of UBS Financial Services has been referenced in a customer initiated investment related written complaint on January 14, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that unauthorized bond purchases were…
Debra Rae Lambert of The Villages Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $42,500.00 in damages supported by accusations that misrepresentations had been made by the stockbroker and that her investment recommendations were not…
Tyler Dean Delahunt of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide documents and information to FINRA when it investigated him for outside business activities and private securities transactions. Letter…
Daniel M. Soliman of New York New York a stockbroker formerly registered with Traderfield Securities Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $500,000.00 in damages supported by accusations that misrepresentations had been made to the Traderfield Securities customer and that they had been defrauded…
Robert Wade LaPietra of New York New York a former stockbroker and investment adviser representative of Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $80,000.00 in damages founded on accusations that an unsuitable investment strategy had been used by the stockbroker during the…
Jasmit Singh of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions without disclosing this…
John Perrin Kellar of Fort Lauderdale Florida a stockbroker and investment adviser representative of Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related complaint on April 6, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that they were placed into unsuitable investments by…
Michael August Pellegrino of Oakbrook Terrace Illinois a stockbroker formerly registered with Taylor Capital Management Inc. (TCM) has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided misleading information to investors concerning short-term high-yield contracts. Letter of…
Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. is the subject of a customer initiated investment related written complaint on August 12, 2019 where the customer requested compensatory damages founded on accusations that the customer had not been apprised of important investment information from Grant when making an…
Manish Hemant Shah of Princeton New Jersey a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he borrowed money from a Northwestern customer and had concealed his activities…
Lisa Marie Stevenson (also known as Lisa Marie Gastaldo) of New Albany Ohio a stockbroker formerly registered with The Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that she failed to cooperate with FINRA while she was under investigation for possibly…
Lisa Ann Brumm (also known as Lisa Ann Moon) of Portland Oregon a stockbroker formerly registered with AXA Advisors LLC has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she provided unsuitable recommendations to customers and made misrepresentations…
Michael Paul Francoeur of Somersworth New Hampshire a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA’s investigation into accusations of his misappropriation. Letter of Acceptance Waiver and Consent No. 2019064967501…
William Franklin Richardson Jr. (also known as Frank Richardson Jr.) of Houston Texas a former stockbroker and investment adviser representative of Investacorp has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages founded on accusations that they had been sold unsuitable business development company products and…
Joseph Francis Valdini of Melville New York a stockbroker formerly registered with Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages supported by accusations of fraud and negligent supervision pertaining to Valdini’s over-the-counter equities transactions at Worden Capital Management LLC….
Joseph Anthony Alagna Jr. the Chief Executive Officer of Joseph Gunnar Co. LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $340,000.00 in damages founded on allegations that Alagna failed to supervise a Joseph Gunnar stockbroker who sold customers bad private placements. Financial Industry Regulatory Authority…
Robert Anthony Powers of Bryn Mawr Pennsylvania a stockbroker formerly registered with Emerging Growth Equities Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he did not provide information to FINRA upon request. Case No. 2018060604701 (June 17, 2019). According to the regulator,…
CHARLOTTE, NC – The Guiliano Law Group, P.C. has filed a Statement of Claim against Northwestern Mutual Investment Services LLC on behalf of investors before the Financial Industry Regulatory Authority or FINRA seeking damages for fraud, the breach of fiduciary duty, the failure to supervise, negligence and in violation of the federal securities laws and…
GPB Capital Holdings is back in the news, but this time investors need to act. We were one of the first law firms in America to file FINRA Arbitration claims against securities broker-dealers for the failure to conduct due diligence in connection with the recommendation and sale of GPB Automotive and its related entities. Accordingly,…
Worden Capital Management LLC (WCM) and Chief Executive Officer Jaime John Worden have been sanctioned by Financial Industry Regulatory Authority (FINRA) supported by findings that WCM and Jaime Worden failed to supervise the suitability of customer transactions and neglected to ensure the public disclosure of customer initiated investment related FINRA securities arbitration claims alleging sales…
Sam Peter Paolini of New York New York a stockbroker formerly registered with Hornor Townsend Kent Inc. is the subject of a customer initiated investment related written complaint on November 13, 2020 where the customer requested $141,222.00 in damages supported by accusations that the customer had been told to buy a whole life insurance policy…
Samuel Ray Head of Columbia South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $85,000.00 in damages supported by accusations that the customer had been sold unsuitable business development company investments and real estate securities during…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA during the period that he was investigated for borrowing from Newbridge customers. Letter of Acceptance…
John Frederick Griner of Atlanta Georgia a stockbroker and investment adviser representative of Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he enganged in unauthorized trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2019064538201 (Jan….
John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities LLC is referenced in a customer initiated investment related written complaint which was settled for $12,500.00 on October 6, 2020 founded on allegations of unsuitable closed-end fund transactions being effected in the customer’s account by Hoidas while he was registered with…
Michael Allen Kamperman of Waco Texas a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $300,000.00 in damages supported by allegations that unsuitable over-the-counter equities trades were executed in the customer’s account during the period that Kamperman was associated…
Jonathan H. Dudley of Atlanta Georgia a stockbroker formerly registered with Centaurus Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Dudley failed to comply with FINRA while he was under investigation for potentially misusing a customer’s funds. Letter of Acceptance Waiver and…
Arthur Obermeier (also known as Art Obermeier) of Boulder Colorado a stockbroker formerly registered with LPL Financial has been fined $5,000.00 and suspended for 60 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Obermeier executed unauthorized trades in the accounts of LPL Financial customers. Letter…
Todd Douglas Micciche of Portland Oregon a stockbroker formerly registered with Cuna Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on October 5, 2020 where the customer requested $20,000.00 in damages supported by allegations that Micciche failed to respond to the customer’s requests of liquidating a mutual fund account at…
James Vincent Marino of Pompano Beach Florida a stockbroker formerly registered with Edward Jones has been barred as a stockbroker and investment adviser representative by Securities and Exchange Commission (SEC) according to an Order that is based on Marino’s conviction of theft. In the Matter of James Vincent Marino Administrative Proceeding File No. 3-20061 (Sept….
Christopher Bryan Black of Statesboro Georgia a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not comply with FINRA Department of Enforcement during its investigation into loans that Black possibly received from a customer of…
Borislav Valentinov Kolev (also known as Bobby Kolev) of Aventura Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on July 9, 2020 where the customer requested unspecified damages founded on accusations that the stockbroker effected a stock purchase in the customer’s account without the Morgan…
David Charles Turetzky of Saddle Brook New Jersey a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on allegations of sales practice violations pertaining to the customer’s account at Ameriprise. Financial Industry Regulatory…
Robert Leslie Mandau (also known as Bob Leslie Mandau) of Willoughby Hills Ohio a stockbroker formerly registered with Thrivent Investment Management Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Mandau engaged in outside business activities without…
Matthew Eric Platnico of New York New York a stockbroker and investment adviser representative of Allied Millennial Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,460,000.00 in damages founded on accusations that unauthorized indexed options trades were executed in the customer’s account because of Platnico…
Ezri Shechter (also known as Eddie Shechter) of Jersey City New Jersey a stockbroker registered with Spencer-Winston Securities Corporation is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on June 17, 2020 in which Shechter’s activities with a customer are being reviewed for possible FINRA violations. FINRA Case No. 20190646958. FINRA Public Disclosure confirms…
Steven Robert Luftschein (also known as Steven Lerner) a stockbroker formerly registered with Aegis Capital Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member according to an Order Accepting Offer of Settlement issued by FINRA Office of Hearing Officers who found that Luftschein had churned customers’ accounts and had made…
Eric Peter Weschke of Setauket New York a stockbroker currently registered with Kalos Capital Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $718,000.00 in damages supported by allegations of Weschke overconcentrating the customer’s investments in limited partnership interests and alternative investments during the period…
Whitehall-Parker Securities Inc. and its supervisor Robert J. Yuloo both of San Rafael California have been sanctioned by Financial Industry Regulatory Authority (FINRA) supported by findings of Whitehall-Parker and Yuloo having failed to supervise its stockbrokers’ outside business activities. Letter of Acceptance Waiver and Consent No. 2017052705802 (Jan. 15, 2021). According to the AWC, from…
Herbert Lee Weith IV of Naples Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $260,000.00 in damages supported by accusations of the stockbroker’s unsuitable recommendations as it pertained to a mutual fund and annuity…
Andrew Ricardo Roybal of San Diego California a stockbroker formerly registered with UnionBanc Investment Services is referenced in a customer initiated investment related written complaint which was resolved for $21,887.00 on November 20, 2020 supported by accusations that the customer’s instructions had not been followed as it pertained to a managed account investment at UnionBanc…
Growth Capital Services Inc. a securities broker dealer headquartered in San Francisco California has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that it made misleading statements to prospective investors regarding private placements. Letter of Acceptance Waiver and Consent No. 2019060721801 (Jan. 15, 2021). According to the AWC, Growth…
Gary Wayne Hammond of Charlotte North Carolina a stockbroker formerly registered with Hornor Townsend Kent Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he was selling away from MML Investors and that he referred customers to fraudulent investments. Letter of Acceptance Waiver…
John Michael LoPinto of New York New York a stockbroker formerly registered with Worden Capital Management and investment adviser representative of Keyport Venture Advisors LLC has been censured and fined $40,000.00 according to a Securities and Exchange Commission (SEC) Order containing findings that LoPinto made misrepresentations to investors concerning pooled investment vehicles. In the Matter…
Solomon David Krispeal (also known as David Krispeal) of Hauppauge New York a stockbroker formerly registered with PHX Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $650,000.00 in damages supported by allegations of unsuitable options, stock and over-the-counter equities being sold to the customer by…
Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services has been issued an Order by New Jersey Bureau of Securities on September 17, 2020 in which Armstrong’s stockbroker registration in New Jersey has been revoked founded on allegations that he neglected to obtain authorization from Raymond James to…
Craig Anthony Zabala of Harlem New York a stockbroker formerly registered with John W. Loofbourrow Associates and CEO of Concorde Group Holdings has been charged by Securities and Exchange Commission (SEC) with making misrepresentations to investors and misappropriating their funds. Securities and Exchange Commission v. Craig A. Zabala et al. Case No. 1:20-cv-07880 (Sept. 24,…
Ryan James Ott of Woodbridge New Jersey a stockbroker formerly registered with Equitable Advisors LLC has been discharged on November 2, 2020 based upon allegations of Ott failing to be responsive to supervisory personnel and for neglecting to handle customer inquiries during the period that he was placed on heightened supervision. FINRA Public Disclosure Ryan…
Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning…
Charles Acheson Laverty of Newport Beach California a stockbroker formerly registered with TCFG Wealth Management LLC has been issued a Decision by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council which affirmed that Laverty is barred from associating with any FINRA member in any capacity based on findings of Laverty borrowing from customers and providing…
Robert Frederick Genito of Bonita Springs Florida a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages supported by allegations that the customer had been issued a promissory note through Genito and that the stockbroker defaulted on…