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…
Todd Michael Ellentuck of Morristown New Jersey a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related written complaint on July 6, 2020 in which the customer requested $420,000.00 in damages founded on accusations that a contract between the customer and the securities broker dealer had been breached and…
Jason Howell Poff of Houston Texas a former stockbroker and investment adviser representative of LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not approved by the securities broker dealer. Department of Enforcement v. Jason Howell Poff Disciplinary Proceeding No. 2018058501502…
David Thomas Pawloski of Red Bank New Jersey a stockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related written complaint on April 9, 2020 in which the customer requested $16,000.00 in damages based upon allegations of the customer being sold poorly performing stocks by Pawloski during the period…
Eugene Arthur Riggio Jr. of New York New York a stockbroker formerly registered with Score Priority Corp (formerly known as Whotrades Inc.) is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages based upon allegations of unsuitable recommendations being made by the stockbroker as it…
Paul Lawrence Fowler Jr. of Washington DC a stockbroker formerly registered with Wells Fargo Clearing 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 supported by findings that Fowler executed unauthorized trades in a customer’s account when he was associated with…
John Edward Cassandra of Boynton Beach Florida a stockbroker currently registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $14,999.00 in damages based upon accusations of unsuitable equities being purchased in the Raymond James customer’s account between November 7, 2001 and March…
Gerald Allan Eaton of Acton Massachusetts a stockbroker formerly registered with Commonwealth Financial Network has been barred in various capacities including stockbroker and investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Eaton defrauding investors and stealing $3,700,000.00 from them. In the Matter of Gerald Allan Eaton Administrative…
Jack B. McBride of Plymouth Michigan a stockbroker currently registered with B Riley Wealth Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $380,000.00 in damages based upon accusations that the stockbroker provided unsuitable investment advice to the B Riley customer concerning exchange traded funds, stocks and…
Paul Rifaat Zakhary of Ocala Florida a stockbroker formerly registered with JP Morgan Securities LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zakhary provided unsuitable investment recommendations to customers of JP Morgan and he neglected to…
Warren Marc Rockmacher of Trumbull Connecticut a stockbroker formerly registered with Investacorp Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $90,000.00 in damages founded on accusations that misrepresentations had been made by Rockmacher concerning oil and gas limited partnerships that were sold to the customer when…
Transamerica Financial Advisors Inc. a securities broker dealer headquartered in Saint Petersburg Florida has been censured and fined $4,400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings including that Transamerica failed to supervise securities transactions and investment recommendations that its stockbrokers made to customers. Letter of Acceptance Waiver and Consent No. 2015048250401 (Dec. 21,…
Richard Anthony Rodriguez of Fruitland Park Florida a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages based upon allegations that the customer sustained losses on direct participation program interests or limited partnerships interests because of…
William Robert Young (also known as Bill Young) of Rockville Maryland a stockbroker and investment adviser representative of Kingswood Capital Partners LLC is the subject of a customer initiated investment related complaint on October 1, 2020 in which the customer sought more than $5,000.00 in damages supported by accusations that the customer had been sold…
LPL Financial LLC a securities broker dealer headquartered in Fort Mill South Carolina has been censured and fined $6,500,000.00 based in part on findings that LPL failed to supervise its stockbrokers’ dissemination of consolidated reports to customers resulting in some of its customers being defrauded by an LPL stockbroker. Letter of Acceptance Waiver and Consent…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $90,000.00 in damages founded on allegations that it was not suitable for the customer to be sold direct investments…
Lee Evan Rosenberg of Boca Raton Florida a stockbroker and investment adviser representative of Cadaret Grant Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $51,370.67 in damages based upon allegations that Rosenberg sold the customer a variable annuity that was unsuitable when Rosenberg…
Ross Adam Barish of Mineola New York a stockbroker currently registered with Joseph Stone Capital LLC has been charged by Securities and Exchange Commission (SEC) with taking part in an excessive trading scheme to defraud investors. Securities and Exchange Commission v. Ross Barish Case No. 1:20-cv-06437 (Aug. 13, 2020). According to the Complaint, while Barish…
Rawad Roy Alame (also known as Roy Rawad Alame) of Raleigh North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated 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 of Alame selling away when he…
Angel Wynette Bardeche (also known as Angel Wynette Lentz) of Cincinnati Ohio a stockbroker formerly registered with Ameriprise Financial Services has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Bardeche made unsuitable recommendations to customers concerning a short-term…
Cetera Advisor Networks LLC, Cetera Advisors LLC and Cetera Financial Specialists LLC have been censured and collectively fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings of the securities firms’ failure to supervise their stockbrokers’ private securities transactions and failure to preserve records relating to those outside transactions. Letter of Acceptance Waiver and…
Janine Marie Ruland (also known as Janine Marie Roupe and as Janine Salvadalena) a stockbroker currently registered with NYLife Securities Inc. is referenced in a customer initiated investment related written complaint on September 29, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that the customer had been provided with…
RBC Capital Markets LLC a securities broker dealer headquartered in New York New York has been fined and censured by Financial Industry Regulatory Authority (FINRA) founded on findings that RBC failed to supervise stockbrokers’ recommendations of securities that were held in customers’ 529 plans. Letter of Acceptance Waiver and Consent No. 2016047696701 (Dec. 15, 2020)….
George Jones Lincoln IV (also known as Rip Lincoln) a stockbroker formerly registered with Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on February 21, 2020 in which the customer sought $39,991.99 in damages supported by allegations that the customer had been placed into mutual funds without being apprised of…
Christopher George Orlando of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is the subject of a FINRA investigation where the regulator recommended for Orlando to face disciplinary action by FINRA Department of Enforcement for allegedly trading on an excessive basis in customer accounts. Case No. 20170564326 (Sept. 18, 2020)….
Drew R. Mantel (also known as Drew R. Mentel) of Miamisburg Ohio a stockbroker formerly registered with Ameriprise Financial Services 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 Mantel executed trades in customers’ accounts on an unauthorized…
Richard Clarence DeYoung Jr. of The Woodlands Texas a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint on March 12, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations that unauthorized transactions were executed in the customer’s account…
Richard Guy Duncan (also known as Rick Duncan) of East Longmeadow Massachusetts an investment adviser representative of Ausdal Financial Partners Inc. is the subject of a customer initiated investment related written complaint on July 20, 2020 where the customer requested $405,045.00 in damages based upon allegations that the customer had been placed into unsuitable securities…
John D. Craft of Philadelphia Pennsylvania a stockbroker formerly registered with Cetera Financial Specialists 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 supported by findings that Craft executed trades without authorization. Letter of Acceptance Waiver and Consent No. 2019062964801 (Dec….
David Kallman Paton of Saint Paul Minnesota a stockbroker and investment adviser representative of RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on June 25, 2020 in which the customer requested $38,000.00 in damages based upon accusations that the customer had been placed in stocks including SSYS and CGIZX…
Peter N. Girgis of New York New York a stockbroker currently registered with SW Financial is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on September 15, 2020 where Girgis may face disciplinary action from FINRA Department of Enforcement based on accusations of unsuitability and excessive trading by the stockbroker. According to FINRA Public…
Michael Anthony Tavel of Indianapolis Indiana a stockbroker formerly registered with LPL Financial LLC has been fined $20,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Tavel selling away from LPL Financial and making unsuitable investment recommendations while registered with the…
Anthony Fusco of New York New York a former stockbroker and Chief Executive Officer of Legend Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $345,369.00 in damages supported by accusations of Fusco failing to supervise Legend stockbrokers who executed unsuitable transactions in the…
Gregory Antonius Lewis of New York New York a stockbroker currently registered with Stockkings Capital LLC is referenced in a Financial Industry Regulatory Authority (FINRA) investigation regarding allegations of Lewis possibly misusing customer funds and effecting unsuitable transactions in customer accounts. Case No. 20190606487 (Dec. 16, 2019). FINRA Public Disclosure reveals that Department of Enforcement…
PHX Financial Inc. a securities broker dealer headquartered in New York New York and Robert Delaplain (branch supervisor and Chief Compliance Officer) have been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by findings that PHX and Delaplain neglected to supervise stockbrokers who effected unsuitable transactions in customer accounts. Letter of Acceptance Waiver…
Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for 16 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zito engaged in private securities transactions and outside business activities while registered with…
Andre Pierre Senegal of Tinley Park Illinois a stockbroker formerly registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint on November 11, 2020 where the customer requested $15,000.00 in damages based upon accusations that the customer did not receive any information relating to money that they provided to…
Curtis Brian Wilson of Tulsa Oklahoma a stockbroker currently registered with Securities America Inc. and an investment adviser representative of Beam Asset Management LLC is referenced in a customer initiated investment related written complaint which was resolved for $25,000.00 in damages on October 19, 2020 based upon allegations that trades were not executed in a…
Najib Hossain Khan of Richmond Hill 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 founded on findings that Khan neglected to cooperate with FINRA personnel during the period that he was investigated for theft of customer…
Juergen Weber of New York New York a stockbroker formerly registered with Benjamin Jerold Brokerage LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $150,000.00 in compensatory damages based on Weber being found liable on the customer’s claims including the violation of California Elder…
Nelson Michael Polun of Bel Air Maryland a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Polun neglected to comply with FINRA’s request for information about his activities. Case No. 2019061783501 (Nov. 11, 2020)….
George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that promissory notes were sold by Warner away from the securities broker dealer. Financial Industry Regulatory…
Melinda Joyce Abood of New York New York a stockbroker currently registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on April 21, 2020 where the customer requested $42,000.00 in damages founded on allegations that the customer’s investment instructions were not followed concerning securities held in their UBS…
Brian Radoo of North Woodmere New York a stockbroker formerly registered with Next Financial Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Radoo failed to comply with FINRA when he was under investigation for possibly engaging in outside business activities. Letter of…
John William Hoekman of New York New York a stockbroker formerly registered with Wells Fargo Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in compensatory or punitive damages based upon accusations of unsuitable over-the-counter equities being recommended for the customer’s investment…
Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim where the customer requested $500,000.00 in damages founded on allegations that investment recommendations made to the customer were not suitable and that misrepresentations had been made by…
David Alan Stateman of Miami Florida 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 founded on findings that he did not comply with FINRA personnel while he was under investigation for taking funds from a customer and for…
Anthony Joseph Cantone of Eatontown New Jersey a stockbroker and Chief Executive Officer of Cantone Research is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Cantone omitted and misrepresented information about municipal bonds and had committed securities fraud. Case No. 2017055886402 (Oct. 29, 2020). According to FINRA Public Disclosure, Cantone…
Charles Thomas Stevens of Saint Augustine Florida a stockbroker formerly registered with DH Hill Securities LLLP has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement with failing to testify regarding allegations of his concealment of judgements and tax liens. Department of Enforcement v. Charles Thomas Stevens. 2017056627801 (Dec. 1, 2020). According to…
James Vincent Prosperi of Pittsford New York a stockbroker currently registered with Pruco Securities is referenced in a customer initiated investment related written complaint on September 29, 2020 in which the customer requested unspecified compensatory damages supported by accusations that the customer’s signature had been forged on documents to effect insurance transactions during the time…
Scott Michael Barber of Dubois Pennsylvania a former stockbroker and investment adviser representative of Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on October 30, 2020 in which the customer requested $130,000.00 in damages supported by allegations that real estate security transactions executed in the customer’s Cetera Advisor…
Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested compensatory damages estimated to exceed $5,000.00 based upon allegations that a fiduciary duty was breached and that misrepresentations and omissions had been made by the…
Kevin Kimball Meadows of Liverpool New York a stockbroker formerly registered with First Allied Securities and Cape Securities is referenced in a customer initiated investment related written complaint on April 30, 2020 where the customer requested $168,000.00 in damages based upon allegations that transactions executed in the First Allied Securities customer’s account were not suitable…
Michael Edward Magill of Portland Maine a stockbroker formerly registered with Foreside Fund Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Magill effected private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064830701 (Dec. 7, 2020). According to the AWC,…
Robert Joseph Calamunci Sr. of Bronx New York a stockbroker currently registered with Wynston Hill Capital LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $314,852.00 in damages based upon accusations of the failure of Wynston Hill Capital LLC to supervise options and equities in the customer’s…
Anthony Matthew Cottone of Boca Raton Florida a stockbroker formerly registered with Landolt Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $260,000.00 in damages supported by allegations of the customer’s assets being overconcentrated in private placements and allegations of transactions not being supervised by Landolt Securities. Financial…
Stephen Sloane of New York New York a stockbroker formerly registered with WestPark Capital Inc. and Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on a Decision issued by FINRA’s Office of Hearing Officers who found that Sloane made unsuitable investment recommendations to customers…
Samuel Frederik Lek of New York New York the Chief Executive Officer of Lek Securities Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $2,804,880.05 in damages supported by allegations that the customer’s account lacked supervision and that the customer’s funds had been misappropriated. Financial Industry Regulatory Authority…
Jeffrey Lamar Burton of Charleston South Carolina a supervising stockbroker of Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related written complaint which was settled for $100,000.00 on September 17, 2020 founded on allegations that trades failed to be made according to the customer’s instructions while Burton was registered with Wells…
Timothy James Pandekakes of Yonkers New York a stockbroker formerly registered with Cadaret Grant Co. has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he gave unsuitable investment advice to customers of Cadaret Grant. Letter of Acceptance Waiver and Consent No….
Anthony John Leopizzi of White Plains New York a stockbroker currently registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint which was settled on July 20, 2020 for $27,586.23 in damages based upon allegations of stock being sold from the customer’s Ameriprise Financial Services account without the customer’s…
Jay R. Weiser of Collinsville Illinois a stockbroker formerly registered with DesPain Financial Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by accusations that the customer’s retirement assets were mismanaged as it pertained to a promissory note transaction executed by Weiser during…
Jay Clint Tomlinson of New York New York a stockbroker currently registered with RF Lafferty Co. 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 based on findings that he effected trades in customer accounts without authorization. Letter of Acceptance Waiver…
Daniel Benjamin Vazquez Sr. (also known as Dan Vasquez Senior) of Irvine California a stockbroker formerly registered with Cetera Advisors LLC is the subject of Securities and Exchange Commission (SEC) administrative proceedings in which the regulator will determine whether to bar Vazquez as a stockbroker or investment adviser representative among other capacities founded on allegations…
Raymond Alexander Thomas of Network 1 Financial Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Decision and Order of Offer of Settlement containing findings that Thomas engaged in undisclosed outside business activities while registered with Network 1 Financial Securities. Department of Enforcement v….
Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with New England Securities and MML Investors Services is the subject of a customer initiated investment related written complaint on September 4, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been provided with misrepresented information in regards to…
Jonah Engler (also known as Jonah Engler-Silberman) of New York New York a stockbroker formerly registered with Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to pay a customer compensatory damages after being found liable for sales…
Jonathan Todd Pyne of Minneapolis Minnesota a stockbroker formerly registered with Berthel Fisher Company Financial Services is referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages founded on allegations that Pyne cause pain or damages as the result of misrepresentations made to the customer regarding certain alternative…
Charles Ernest Kenahan of Boston Massachusetts a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred by New Hampshire Department of State Bureau of Securities Regulation founded on accusations of Kenahan making unsuitable investment recommendations to a customer of Merrill Lynch. Consent Order No. COM2019-000 (Dec. 7, 2020). According to the Order,…
Vincent Anthony Virga (also known as Vincenzo A. Virga Jr.) of Bayonne New Jersey a stockbroker and investment adviser representative of Madison Avenue Securities LLC has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Virga made unsuitable investment…
John Joseph Stapleton of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of a customer initiated investment related arbitration claim in which the customer sought $25,445.00 in damages supported by accusations that the customer received unsuitable investment recommendations and had purchased securities that were misrepresented while Stapleton was…
Cory David Bataan of Melville New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $200,000.00 in damages based upon accusations that trades were effected in the customer’s account on an excessive and unsuitable basis by Bataan during the time…
Brett Stephen Briggs of Los Angeles California a stockbroker and supervisor formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 supported by findings that he failed to supervise stockbrokers at Financial West Group. Letter of Acceptance…
Sebastian Wyczawski of Manorville New York a stockbroker currently registered with Joseph Stone Capital LLC has been referenced in a customer initiated investment related arbitration claim where the customer requested $235,635.00 in damages based upon accusations that Wyczawski failed to supervise a stockbroker who effected unsuitable over-the-counter equities trades in the customer’s Joseph Stone Capital…
Eric Travis Roark of New York New York a stockbroker formerly registered with Ameriprise Financial Services has been discharged by the securities broker dealer on July 14, 2020 based upon accusations that Roark effected excessive fixed income securities trades in violation of company policy. Roark has been identified in two customer initiated investment related disputes…
Gopi Krishna Vungarala (also known as Gopi Krishan Vungarala) of Midland Michigan a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been isnamed in arbitration claim an Opinion by Securities Exchange Commission (SEC) who affirmed a decision by Financial Industry Regulatory Authority (FINRA) to bar Vungarala from associating with any FINRA member in any…
Roberto Alejandro Fernandez of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $160,000.00 in damages founded on allegations that the customer received unsuitable investment advice and had been sold government debt investments that were misrepresented. Financial…
Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that O’Brien engaged in unauthorized trading in a customer’s account. Letter of Acceptance Waiver and Consent…
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker and investment adviser representative of Raymond James Financial Services has been isnamed in arbitration claim an Order by Arkansas Securities Commissioner where he was fined $8,000.00 based upon findings that he settled a customer complaint away from Raymond James. Case No. S-19-0033 (Apr. 8, 2019). According to…
Thomas James Barone of New Orleans Louisiana 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 founded on findings that Barone forged customers’ signatures on life insurance policy documents. Letter of Acceptance Waiver and…
David Bruce Korostoff of Jersey City New Jersey a stockbroker and investment adviser representative of The GMS Group LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $92,000.00 in damages founded on allegations that the customer had been sold municipal debt investments in January of 2018 which were…
Richard Lyndon Brown of Farmingdale New York a stockbroker formerly registered with Arive Capital Markets and Chelsea Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Brown neglected to cooperate with a FINRA Arbitration Award where he was ordered to pay a…
Joseph Victor Alhadeff 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 founded on findings that Alhadeff neglected to cooperate with FINRA during its investigation into Alhadeff’s supervision of a stockbroker who was associated with…
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 allegations that Powers failed to provide information to FINRA in response to its request. Case No. 2018060604701 (June 17, 2019). FINRA…
Julian Howard Gingold of New York New York a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on February 25, 2019 where the customer sought more than $5,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been…
Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with Westpark Capital Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with selling away from the securities broker dealer, obstructing the regulator’s investigation and falsifying information in its investigation. Department of Enforcement v….
James Whitney Story (also known as Whit Story) of Fitzgerald Georgia a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related complaint which was settled for $50,000.00 in damages founded on allegations that fixed income securities had been recommended by Story during the time that he was associated…
Keith Allen Bryan of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $24,900.00 in damages supported by accusations of misrepresentations being made by the stockbroker concerning the customer’s Morgan Stanley investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00735…
Michael J. Haffling of Orland Park Illinois a stockbroker formerly registered with Kalos Capital Inc. and an investment adviser representative of Kalos Management is the subject of a customer initiated investment related written complaint which was settled for $55,000.00 in damages on July 13, 2020 based upon allegations of Haffling and Kalos Capital having failed…
Kerri Lynn Wasserman of New York New York a stockbroker and former President of Portfolio Advisors Alliance has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to an Order based on findings of Wasserman defrauding…
Jonathan David Cummings of Hurst Texas a stockbroker of Investacorp Inc. and investment adviser representative of Investacorp Advisory Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that the customer had been placed into alternative investments including real estate investment trusts and…
Clara Chen Tang (also known as Qing Chen) of Cupertino California a stockbroker formerly registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on March 20, 2019 in which the customer requested unspecified compensatory damages supported by accusations that the customer’s signature had been forged on documents…
Donald George Sperring Jr. of Pittsburgh Pennsylvania a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Sperring failed to furnish information to FINRA after being questioned by the regulator. Case No. 2019062281401 (Oct. 15, 2019). FINRA…
James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial…
Richard Jay Bernstein (also known as Richard Jay Berstein) of Incline Village Nevada a stockbroker and investment adviser representative of Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon allegations that unauthorized trades were executed in the customer’s account and…
Norman Stanley Batansky of Jupiter Florida a stockbroker formerly employed by LPL Financial LLC has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Batansky engaged in private securities transactions and concealed his securities-related correspondence. Letter of Acceptance Waiver and…
Thomas Joseph Buck of Indianapolis Indiana a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by accusations that investment recommendations made to the customer were not suitable and that the customer had been charged excessive commissions relating…
Glenn Patrick Lattz of Lady Lake Florida a stockbroker formerly registered with Gradient Securities LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that the customer’s annuity accounts had been liquidated which resulted in undue losses and penalties. Financial Industry Regulatory Authority…
Lewis Nelson Lester Senior (also known as Lew Lester) of Bridgewater New Jersey a stockbroker formerly registered with Olden Lane Securities 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 Lester had been selling away from Olden…
Joseph Michael Fedorko Junior of Greenwich Connecticut a stockbroker currently employed by Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,700,000.00 in damages based upon allegations of unauthorized and unsuitable trading by Fedorko causing the customer to incur losses on equities and private…
David Michael Logsdon of Hailey Idaho a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint which was settled for $20,000.00 on July 22, 2020 supported by allegations that investments selected for the customer’s Wells Fargo portfolio failed to be suitable and resulted in…
National Securities Corporation a securities broker dealer headquartered in Boca Raton Florida has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that it did not timely report customer complaints and failed to supervise contingency offerings. Letter of Acceptance Waiver and Consent No. 2017053208002 (Oct. 27, 2020). According to the AWC,…
David Allen Walters (also known as Dave Walters) of Laguna Beach California a stockbroker formerly registered with Advisory Group Equity Services (AGES) 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 Walters engaged in private securities transactions while…
Marlon O. Cole of New York New York a stockbroker formerly registered with Spartan Capital Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages based upon accusations of unsuitable margin use and the breach of a fiduciary duty by Cole concerning his over-the-counter equities transactions…
Vonna Kay Husby of Fairbanks Arkansas a stockbroker formerly employed by Raymond James Financial Services 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 FINRA during the time that she was under investigation for allegedly taking advantage of an…
Ivan Shore of New York New York a stockbroker formerly registered with Oppenheimer 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 Shore made unsuitable recommendations to customers regarding unit investment trusts during the time that…
Robert Charles Wynn of Glendale California a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on allegations that common and preferred stock transactions conflicted with the customer’s objectives for investing and caused losses to be sustained in…
Robert Joseph Kerrigan Senior of Scottsdale Arizona a stockbroker formerly employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages supported by accusations that a fiduciary duty that was owed to the customer had been breached and that First Financial Equity Corporation…
First Clearing LLC (now known as (Wells Fargo Clearing Services LLC) has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that First Clearing provided 6,800 customers with wrong valuations on direct participation program interests and non-traded real estate investment trusts and had failed to supervise its business with a…
John Patrick Donnelly of Houston Texas a stockbroker currently employed by Merrill Lynch is referenced in an investment related civil action in which unspecified damages were alleged supported by accusations of Donnelly failing to adjust the customer’s retirement account resulting in unintended beneficiaries receiving assets from a customer’s Merrill Lynch account. Civil Action No. 477195-401…
Timothy Aaron Engelmann of Albuquerque New Mexico a stockbroker formerly registered with LPL Financial 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 founded on findings that Engelmann borrowed funds from customers without authorization. Letter of Acceptance Waiver and Consent No….
Marc Nathan Jaffe of Indianapolis Indiana a stockbroker unofficially associated with Integrity Brokerage Services Inc. has been isBring FINRA Arbitration Claim Against an Order Accepting Offer of Settlement by FINRA Office of Hearing Officers in which he has been barred from associating with any FINRA member in any capacity supported by findings that he associated…
Barry Franklin Connell of Ridgewood New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related arbitration claim which was resolved for $1,350,000.00 in damages supported by allegations that the customer’s funds had been misappropriated by the stockbroker’s actions at Morgan Stanley. Financial Industry Regulatory Authority (FINRA)…
Damian Marlon Bell of Daphne Alabama a stockbroker of International Assets Advisory LLC and investment adviser representative of International Assets Investment Management is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000 and $500,000.00 in damages supported by allegations of the violation of securities laws and a breach…
Douglas Eugene Keller (also known as Donald Eugene Savery) of Red Bank New Jersey a stockbroker formerly registered with Equitable Advisors (also known as AXA Advisors) is referenced in a customer initiated investment related written complaint on August 10, 2020 in which the customer sought $100,000.00 in damages supported by accusations that misrepresentations had been…
Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages supported by accusations that the customer had been placed into unsuitable private placement securities by Lors at National…
A FINRA arbitration panel from New York issued an award dated July 10, 2017, in favor of customer Timothy McLaughlin against Northeast Securities, Inc., and three of its employees, Steven Joseph Perrone, Diane Hawkins and Jonathan Michael Zucker. Northeast Securities and the three employees were all named as respondents in the claim. FINRA Arbitration No….
Michael B. Barnett of Nashville Tennessee a stockbroker formerly registered with JJB Hilliard WL Lyons is the subject of a customer initiated investment related arbitration claim which was settled for $130,000.00 in damages based upon allegations that the customer had been sold unsuitable Breitburn Energy investments and that a contract between the customer and Hilliard…
Coastal Equities Inc. a securities broker dealer headquartered in Wilmington Delaware has been censured by Financial Industry Regulatory Authority (FINRA) supported by findings that Coastal Equities failed to supervise a stockbroker who recommended unsuitable and excessive trades for the accounts of Coastal Equities customers. Letter of Acceptance Waiver and Consent No. 2017052325702 (Nov. 9, 2020)….
Barry Todd Eisenberg of New York New York a stockbroker and branch manager formerly registered with Alexander Capital LP is the subject of a customer initiated investment related arbitration claim in which the customer requested $606,046.00 in damages based upon allegations that Eisenberg failed to supervise stockbrokers who executed inappropriate stock transactions in at least…
John Albert Westbrook (also known as Al Westbrook) of McDonough Georgia a stockbroker formerly registered with Center Street Securities 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 based on findings that he engaged in unauthorized private securities transactions while registered…
Anthony Edward Dacruz of New York New York a stockbroker currently registered with Morgan Stanley has been referenced in a customer initiated investment related written complaint on April 14, 2020 where the customer sought unspecified damages founded on allegations that the customer had been placed into unsuitable closed end funds and municipal bonds by Dacruz…
Michael Alan Biedny of Clarence New York a stockbroker formerly registered with Raymond James Financial Services 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 Biedny concealed from Raymond James that he took $118,000 from a senior customer….
Lawrence John Fawcett Jr. (also known as Larry Fawcett Jr.) has been named in a customer initiated investment related arbitration claim where the customer was awarded $35,663.00 in compensatory and punitive damages founded on a FINRA Arbitrator finding Fawcett liable on the customer’s causes of action including breach of fiduciary duty and fraud as it…
Lawrence Burton Goldstein (also known as Larry Goldstein) of Sparks Nevada a stockbroker formerly registered with McNally Financial Services Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Goldstein obstructed a FINRA investigation into allegations of his potential excessive and unsuitable trading in…
Marc Scott Steinberg of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities has been referenced in a customer initiated investment related arbitration claim which was settled for $18,000.00 in damages based upon allegations that investment recommendations were not suitable and that the customer sustained losses on stock transactions executed by Steinberg at…
Gordon Tong Quan of Pasadena California a stockbroker formerly registered with Cetera Advisors Networks LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that investment recommendations made to the Cetera Advisor Networks customer by Quan had failed to be suitable and had…
Christopher Paul Puffer of Louisville Kentucky a stockbroker formerly registered with Money Concepts Capital Corp and Money Concepts Advisory Services is the subject of a customer initiated investment related arbitration claim that was settled for $14,500.00 in damages based upon allegations of negligence and a breach of contract governing the customer’s alternative investment purchases including…
Lynn Dale Cawthorne of Shreveport Louisiana 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 according to a Decision and Order of Offer of Settlement containing findings of Cawthorne failing to comply with FINRA during an investigation concerning Cawthorne’s…
Wills Schneider Henriquez (also known as Wills S. Henrtquez) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages based upon allegations that a fiduciary duty that was owed to the customer had…
Jeffrey Clay Templeman of Norfolk Virginia a stockbroker currently registered with Wells Fargo Advisors has been referenced in a customer initiated investment related written complaint on March 15, 2019 where the customer requested unspecified damages founded on allegations that the customer had been steered by Templeman towards investing in mutual funds without being provided clarity…
Efrain Balderrama Trujillo of Los Angeles California a stockbroker formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 based upon findings that he neglected to supervise those of his stockbrokers who executed unsuitable securities and options…
David Todd Phillips (also known as Todd Phillips) of Gilbert Arizona a stockbroker formerly registered with Moloney Securities Co. and ProEquities Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in private securities transactions involving…
Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested up to $500,000.00 in damages based upon allegations of bad investment advice concerning non-traded real estate investment trusts…
Matthew Thomas Jennings of Johnston Iowa a stockbroker formerly registered with Edward Jones 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 a FINRA investigation into allegations of him offering investments to customers outside the auspices of Edward Jones….
Ronald Reed McCook of Scottsdale Arizona a stockbroker currently registered with First Allied Securities Inc. and an investment adviser representative of Cetera investment Advisers LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by allegations that the customer had been placed in real estate…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with ProEquities Inc. has been discharged by the securities broker dealer on October 28, 2020 founded on allegations that Feierstein engaged in unauthorized private security transactions and had concealed his communications about securities business from ProEquities. Financial Industry Regulatory Authority (FINRA) Public Disclosure also…
Kurt Jason Gunter of Austin Texas a stockbroker formerly registered with Stifel Nicolaus Company Incorporated has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made recommendations that were not suitable for Stifel Nicolaus customers as it pertained to unit investment…
Philip Anthony Simone of Irvine California a stockbroker formerly registered with AXA Advisors LLC has been fined $12,000.00 and suspended for eleven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simone borrowed funds from elderly customers and then failed to be forthcoming about it with…
Raul Jorge Benitez of Aventura Florida a stockbroker formerly registered with SunTrust Investment Services Inc. has been referenced in a customer initiated investment related written complaint which was resolved for $8,486.24 on March 11, 2019 founded on allegations that the customer had been provided with unsuitable investment advice by Benitez concerning a managed investment account….
Thomas Wayne Chandler of Fort Lauderdale Florida a stockbroker formerly registered with Kovack Securities Inc. has been terminated from employment on April 3, 2020 founded on allegations that Chandler neglected to abide by procedures and policies of the securities broker dealer in reference to customer accounts. Chandler was associated with Kovack Securities between March 25,…
The Financial Industry Regulatory Authority or FINRA, and its President and Chief Executive Officer, Robert Cook, recently announced that FINRA is implementing various measures to rein in high-risk brokers and brokerage firms (also referred to as “rogue” brokers and firms). In fact, in recent months, there have been an interesting trend in particularly the New…
On July 11, 2017, the Pennsylvania Department of Banking and Securities announced that it has fined Newbridge Securities Corporation $499,000 for failure to supervise. The order does not specify the products or the number of affected Pennsylvania investors. It also does not identify the broker who made the problematic sales. The BrokerCheck report for Newbridge…
Cold Spring Advisory Group In March 2017, a Kansas City, Missouri FINRA Arbitration Panel rendered an Award in the matter of Halling v. Cape Securities, Inc., Arbitration No. 16-00519. In that case, the Claimant, Tom Halling alleged unsuitability, or the sale of unsuitable investments, the failure to supervise, and breach of fiduciary duty, resulting in…
Independent/broker-dealer Basis Financial LLC, and its owner and CEO Armen Karapetyan were charged with defrauding customers of about $1.8 million over a three-year period through four private placement offerings involving financially shaky issuers. According to a complaint filed by the Financial Industry Regulatory Authority’s (FINRA) Department of Enforcement, the fraudulent conduct included material misrepresentations and…
Martin William Padilla of Los Angeles California a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a Financial Industry Regulatory Authority (FINRA) investigation into accusations that Padilla made unsuitable trades of unit investment trusts in customer accounts. Case No. 2018057228701 (Aug. 7, 2020). FINRA Public Disclosure indicates that Department of Enforcement might proceed…
James Ortega of Pompano Beach Florida 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 supported by findings that Ortega engaged in outside business activities. Letter of Acceptance Waiver and Consent No. 2019061168602 (Oct. 5, 2020). According…
Douglas De Wayne Peterson (also known as Doug Peterson) of North Platte Nebraska a stockbroker formerly employed by Sagepoint Financial Inc. and investment adviser representative of Professional Financial Advisors is referenced in a customer initiated investment related written complaint which was resolved for $12,895.52 on March 31, 2020 based upon accusations that the customer’s investment…
Mark David Yadron (also known as Mark Lynn Yoder) of Prescott Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint on October 2, 2020 in which the customer sought unspecified damages supported by allegations that investment recommendations made by Yadron at Merrill…
Ryan Owen Tarjanyi of Greensburg Pennsylvania a stockbroker formerly employed by Bankers Life Securities is under investigation according to Financial Industry Regulatory Authority (FINRA). Case No. 20190619433 (Sept. 24, 2020). FINRA Public Disclosure reveals that Department of Enforcement might proceed with a disciplinary action against Tarjanyi supported by accusations of the stockbroker violating FINRA rules….
Kathleen Marie Bott (also known as Kathy Bott) of Spokane Washington a stockbroker formerly employed by DA Davidson Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Bott neglected to comply with FINRA when she was under investigation for committing theft. Letter of…
Randy Lee Birkinbine of North Oaks Minnesota a stockbroker currently registered with Ausdal Financial Partners Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $109,000.00 in damages based upon allegations of illiquid and unsuitable investments including private placements and real estate securities which led to an over-concentration in…
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 arbitration claim where the customer requested $462,259.99 in damages founded on allegations that the customer had purchased unsuitable investments through…
Neemit Mukesh Shah of Glen Allen Virginia a stockbroker formerly employed by NYLife Securities 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 Shah engaged in private securities transactions during the period that he was associated with…
Stephen Leroy Whittaker of Surprise Arizona a stockbroker formerly registered with First Financial Equity 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 engaged in outside business activities. Letter of Acceptance Waiver and Consent No. 2019062207301…
Michael Christopher Venturino of Melville New York a stockbroker formerly registered with Aegis Capital Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages supported by accusations that a contract between the customer and the securities broker dealer had been breached and that…
Dwight Lee Dykstra of Maitland Florida a stockbroker formerly employed by Vision Brokerage Services LLC has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Dykstra sold away from Vision Brokerage Services. Letter of Acceptance Waiver and Consent No….
Jay Allan Ambroson of Garden City New York a stockbroker formerly registered with Gould Ambroson Associates Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $525,000.00 in damages founded on accusations of conversion and the breach of a fiduciary duty by Ambroson which caused the customer’s losses. Financial Industry…
Jenna Kang (also known as Jihye Kang) of Los Angeles California a stockbroker formerly employed by AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she neglected to provide documents and information to the regulator while under investigation for falsifying customer…
Robert Barnard of Las Cruces New Mexico a stockbroker formerly registered with Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Barnard did not comply with FINRA’s instructions when he was under investigation for effecting unauthorized transactions while associated with Principal…
Michael Kris Pina of Fort Lauderdale Florida a stockbroker formerly employed by PFS Investments Inc. has been fined $10,000.00 and suspended for sixteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Pina borrowed money from customers of the securities broker dealer. Letter of Acceptance Waiver…
John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,175,000.00 in damages founded on allegations that the customer had been placed into bad variable annuity, real estate investment trust and business development company products by…
Dominic Joseph Linsalata Jr. of Boca Raton Florida a stockbroker currently registered with Dawson James Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $670,237.00 in damages founded on allegations of elder abuse and breach of contract by Linsalata when Linsalata was associated with Dawson James Securities. Financial…
David John Volpe of Scottsdale Arizona a stockbroker employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought more than $5,000.00 in damages founded on allegations that the customer’s funds had been converted by the stockbroker. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02492…
Keith Landon Kelt (also known as Landon Keith Kelt) of Santa Barbara California a stockbroker employed by Kovack Securities Inc. and TKG Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020 founded on allegations that the customer’s account had been improperly managed at…
Donatas Belys Vildzius (also known as Donatas Vildzins and as Donatus Vildzins) of Danbury Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Vildzius executed excessive trades in customer accounts…
Scot Samuel Fairchild (also known as Scott Samuel Fairchild) of Henderson Nevada and San Diego California a stockbroker formerly registered with Lucia Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $214,335.00 in damages supported by allegations that Nevada securities laws had been violated in reference to Fairchild’s…
Darren Michael Kubiak of Alpharetta Georgia a stockbroker formerly employed by Kalos Capital Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $250,000.00 in damages based upon allegations that a contract had been breached and that a fiduciary duty that was owed to the customer had been breached…
Jeffrey Allan Broten of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to cooperate with the regulator during the time that he was under investigation for potentially…
Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly registered with Cetera Advisors LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $35,695.00 in damages based upon accusations of Balser breaching a fiduciary duty do the customer and having defrauded the customer while employed by Cetera Advisors…
Kirk J. Gill of Tucson Arizona a stockbroker formerly employed by Morgan Stanley Smith Barney is referenced in a customer initiated investment related arbitration claim in which the customer requested $238,316.00 in damages founded on allegations that the customer was sold unsuitable energy sector securities between December of 2013 and March of 2016 during the…
Nina MacGinn Maines (also known as Nina MacGinn Sander) of Baldwinsville New York a stockbroker and investment adviser representative of 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 she engaged in unauthorized transactions during the period…
Lonna Rae Dehn Ristvedt (also known as Lonna R. Dehn and as Lonna Rae Spitzer) of Fargo North Dakota a stockbroker formerly registered with National Planning Corporation has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Ristvedt engaged…
Anthony Vultaggio Jr. of East Meadow New York a stockbroker formerly registered with American Capital Partners LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages based upon allegations that the customer had been placed into an inappropriate private placement by Vultaggio during the time that…
Paul Francis Seymour of Plattsburgh New York 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 Seymour engaged in unauthorized trading in investor accounts. Letter of Acceptance Waiver and Consent No. 2019061646404 (Oct….
Pratul Victor Agnihotri (also known as Pratol Victor Agnihotri) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. and Spartan Capital Securities LLC has been fined $7,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Agnihotri engaged in…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,710,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been breached and that the stockbroker…
Steven Dale Rodemer of Pueblo Colorado a stockbroker formerly registered with Stifel Nicolaus Company Incorporated is the subject of a Securities Exchange Commission (SEC) Administrative Order in which he has been barred from being a stockbroker or investment adviser representative and has been barred from being employed by any securities broker dealer or investment advisory…
Sean Michael Refsnider of Haddon Heights New Jersey a stockbroker formerly registered with Ameriprise Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings of Refsnider failing to cooperate with a…
Vincent James Mazza of Jersey City New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $400,000.00 in damages supported by allegations that unauthorized over-the-counter equities trades were effected in the customer’s account during the time that Mazza was associated…
Yousuf Saljooki (also known as Joe Saljooki) of Melville 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 based upon an Office of Hearing Officers’ Default Decision containing findings that Saljooki failed to cooperate with FINRA Department of…
Christopher Anthony Fernan of Melville New York a stockbroker formerly registered with Salomon Whitney Financial (SW Financial) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he neglected to testify for FINRA during the period that he was under investigation for a customer complaint….
Troy Robert Baily of Omaha Nebraska a stockbroker formerly registered with SagePoint Financial has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Baily took part in private sales of Future Income Payments (FIP) while registered with SagePoint Financial….
Cynthia Diane Cowden (also known as Cynthia Case) of Lake Isabella California a stockbroker formerly registered with NPB Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Cowden made unsuitable investment recommendations to investors and failed to be forthcoming with FINRA…
David Arthur Hicks of Fort Pierce Florida a stockbroker formerly registered with H Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $475,000.00 in damages supported by accusations that unsuitable real estate investment trust products and variable annuity products had been sold to the customer during the…
James Kenneth Couture of Worcester Massachusetts a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Couture failed to cooperate with FINRA investigators. Letter of Acceptance Waiver and Consent No. 2020067011901 (Oct. 21, 2020). According to the AWC,…
Lawrence E. Hagedorn of Andover Kansas a stockbroker formerly registered with ON Equity Sales Company (ONESCO) has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative based on findings of Hagedorn pleading guilty to state securities laws violations. In the Matter of Lawrence E. Hagedorn Administrative Proceeding File…
Marc Augustus Reda of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has made an initial determination for Reda to face disciplinary action supported by accusations of Reda effecting trades in customer accounts on an…
Douglas William Stopkey of Richmond Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he effected unauthorized trades in customer accounts while registered with Merrill Lynch. Letter of Acceptance Waiver and Consent No….
Michael Joseph Clarke of Jersey City New Jersey a stockbroker formerly registered with MARV Capital Inc. and Tradition Asiel Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a National Adjudicatory Council Decision containing findings of Clarke’s conversion of investor funds and of his…
Jeffrey Raymond Dixson of Vancouver Washington a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $225,000.00 in damages supported by allegations that the customer had been provided with unsuitable recommendations of alternative investments including GPB which led the customer to experience…
Eric Steven Smith of Troy Michigan the founder and Chief Executive Officer of Consulting Services Support Corporation (the parent company of CSSC Brokerage Services Inc.) 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 that misrepresentations had been…
Gary Arthur Forrest of Flint Michigan a stockbroker formerly registered with American Portfolios Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations of negligence and the breach of fiduciary duty by the stockbroker with respect to his sales of real estate securities…
Neil James Buono of Woodstock Georgia a stockbroker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Buono refused to cooperate with FINRA staff who was investigating allegations of his forgery and violations of FINRA rules. Letter of…
Luke Michael Johnson of Scottsdale Arizona a stockbroker formerly registered with Coastal Equities Inc. and investment adviser representative of Coastal Investment Advisers is identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by accusations that the customer received unsuitable alternative investment recommendations from Johnson in 2016 in…
Tony A. Kassaei of Irvine California a stockbroker formerly registered with JP Turner Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kassaei took part in private securities transactions involving real estate securities during the time that he was employed by JP Turner….
Timothy Patrick Higgins (also known as Tim Higgins) of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages supported by accusations that unauthorized and excessive trades were effected in the customer’s account when Higgins…
William Michael Council (also known as Bill Council) of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. and DA Davidson Co. is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages supported by allegations that Council’s investment recommendations were not suitable for the DA…
Jeffrey Allan Broten of Morristown New Jersey a stockbroker formerly registered with First Standard Financial Co. LLC and National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations that over-the-counter equities transactions effected in the customer’s account by the stockbroker failed…
Capital City Securities LLC a securities broker dealer headquartered in Powell Ohio has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that Capital City failed to supervise the suitability of trades that its stockbrokers effected in customer accounts. Letter of Acceptance Waiver and Consent No. Letter of Acceptance Waiver and Consent No….
Christ Elias Baltas 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 based upon findings that Baltas failed to comply with FINRA during its investigation into accusations of his failed supervision of a stockbroker who engaged in unsuitable trading…
Shapour Reza Ejlal of Great Neck New York a stockbroker formerly registered with Aegis Capital Corp. is identified in a customer initiated investment related written complaint which was settled for $17,500.00 in damages on March 1, 2019 based upon accusations that unauthorized transactions were effected in the customer’s account and that the customer was placed…
Deborah Leah Beal of Downers Grove Illinois a stockbroker formerly registered with JP Morgan Securities 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 she engaged in unauthorized transactions in the accounts of JP Morgan Securities customers….
David Wayne Kraft of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on March 30, 2020 in which the customer requested $1,201,922.12 in damages supported by allegations of the unauthorized “removal” of funds from the customer’s account during the time that…
Harry Rosenberg of Woodcliff Lake New Jersey a stockbroker formerly registered with Voya Financial Advisors Inc. has been fined $8,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rosenberg failed to disclose that he was the subject of a customer’s dispute…
Robert Steven Meyer of Holmdel New Jersey a stockbroker formerly registered Monmouth Capital Management (MCM) has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Meyer effected transactions in customer accounts on an excessive and unsuitable basis. Letter of Acceptance Waiver and…
Alec C. Franks of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company 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 FINRA during the course of its investigation into allegations of his excessive…
Brian Keith Decker of New York New York a stockbroker formerly registered with Legend Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Decker failed to comply with a FINRA Arbitration Award in which he was ordered to compensate a customer who…
Scott Thomas Wolfrum of Indianapolis Indiana a stockbroker formerly registered with Huntleigh Securities Corporation is the subject of a customer initiated investment related written complaint which was settled for $449,300.00 on April 9, 2019 based upon accusations that the customer was placed into a private placement without authorization in January of 2018 when Wolfrum was…
Sean Joseph Kelly of Marietta Georgia a stockbroker formerly registered with Center Street Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages based upon accusations of unsuitable alternative investments being sold to the customer during the period that Kelly was associated with Center Street…
Professional Financial Investors, Inc., and specifically, its former president, Lewis I. Wallach, was charged by the Securities and Exchange Commission and consented to the entry of a judgment in connection with operating a $330 million Ponzi Scheme and stealing $26 million from investors. The U.S. Attorney’s Office for the Northern District of California also filed…
Wells Fargo Clearing Services LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $625,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Wells Fargo failed to supervise the suitability of customers’ switches from variable annuities to other investment products through transactions initiated by Wells Fargo stockbrokers. Letter…
William Perry Randall (also known as W. Perry Randall) of Rockford Illinois a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $40,000.00 in damages based upon accusations that the customer had been advised to invest in energy sector investments which…
Kevin Joseph Schaefer of San Francisco California a stockbroker and investment adviser representative of Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations of Schaefer making misrepresentations and providing unsuitable investment advice with respect to the…
Harry Seth Datys of New York New York a stockbroker formerly employed by WestPark Capital Inc. has been fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he advised customers of WestPark to purchase promissory notes that were not suitable for them and…
Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly employed by Ameriprise Financial Services LLC has been terminated by the securities broker dealer on June 8, 2020 supported by allegations of her violation of company policy. Parker has been identified in five customer initiated investment related disputes containing allegations of her misconduct while she was…
Katherine S. Clark (also known as Katherine St. Charles) of Chevy Chase Maryland a stockbroker and investment adviser representative of RBC Capital Markets LLC is referenced in a customer initiated investment related complaint on June 9, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations that unauthorized transactions were executed…
David Leroy Johnson (also known as D. Leroy Johnson) 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 Johnson falsified signatures of LPL Financial customers and that…
Barry David Abrams of Marlton New Jersey a stockbroker formerly employed by Ameriprise Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $20,000.00 in damages based upon accusations that the customer had been placed into unsuitable investments including Corporate Capital Trust and FS Energy and Power (FSEP) which…
Michael Shon Hickey of Mission Viejo California a stockbroker and investment adviser representative of Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 21, 2020 in which the customer requested $25,000.00 in damages founded upon accusations that the Wells Fargo customer had been charged excessive commissions as…
Ferrell Lee Rollins Jr of Rocky Mount North Carolina a stockbroker formerly employed by Capital Investment Group Inc. 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 Rollins borrowed funds from an elderly Capital Investment Group customer. Letter…
Willard Louis Pugh of Boca Raton Florida a stockbroker formerly employed by Dawson James Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $155,000.00 in damages based upon accusations that the customer was provided with bad investment advice from Pugh as it concerned the customer’s investments in United…
Matthew O. Clason of Glastonbury Connecticut 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 upon findings that he did not honor FINRA requests which had been made during the time that he was under investigation for violating FINRA…
Michael Thomas Williams of Vero Beach Florida a stockbroker formerly registered with Raymond James Financial Services has been terminated from the securities broker dealer based upon accusations of Williams’ failure to supervise stockbrokers’ private correspondence with customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that Williams is the subject of a customer initiated…
Griffinest Asia Securities LLC a securities broker dealer located in Pasadena California has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that it failed to supervise the sales of non-traditional exchange traded products which had been initiated by stockbrokers of Griffinest Asia. Letter of Acceptance Waiver and Consent No….
Curtis Winston Neuman of Ocala Florida a stockbroker formerly registered with Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related written complaint on February 28, 2019 where the customer requested unspecified damages supported by accusations that the customer had been provided with unsuitable investment advice in regards to the purchase of a…
Murray Todd Petersen (also known as M. Todd Petersen) of Roseville California a stockbroker formerly employed by SCF Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $960,000.00 in damages founded upon accusations of the breach of fiduciary duty and fraud as it pertained to an outside…
Roger Allan Duval of Bellevue Washington 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 upon findings that he converted funds belonging to three customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062789901…
John Anthony Orlando of Fort Lauderdale Florida a stockbroker formerly employed by WestPark Capital is referenced in a customer initiated investment related arbitration claim in which the customer sought $338,500.00 in damages supported by allegations that between August of 2016 and March of 2017, the customer had been sold securities in a bad private placement…
Steven Ellsworth Larson of Saint Louis Missouri a stockbroker formerly employed by Oakbridge Financial Services has been issued a Decision by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council in which he has been barred from associating with any FINRA member in any capacity supported by findings that he defrauded investors. Department of Enforcement v….
Solomon David Krispeal (also known as David Krispeal) of Hauppauge New York a stockbroker formerly employed by PHX Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $650,000.00 in damages supported by accusations that options and equity transactions effected in the customer’s account were not suitable for…
Joseph Gerard Michaletz (also known as Joe Michaeletz) a stockbroker currently employed by DAI Securities LLC and an investment adviser representative of DAI Wealth Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,000,000.00 in damages founded upon accusations that the customer had been placed into bad alternative…
Marc Winters of Los Angeles California a stockbroker formerly registered with Wedbush Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Winters failed to cooperate with FINRA’s request for his information following the stockbroker’s termination from Wedbush Securities. Case No. 2019061943701 (June…
Joseph Hersey Pratt (also known as Joseph Butcher and as J.H. Pratt) of Conshohocken Pennsylvania a stockbroker formerly employed by Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim where the customer sought $232,000.00 in damages founded upon allegations of the violation of Section 517 of the Florida Securities and Investor…
Andrew Markman Arthur (also known as Andy M. Arthur) of Summit New Jersey a stockbroker formerly employed by Guggenheim Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he converted investor funds and had provided false statements to FINRA. Letter of Acceptance Waiver…
Rick Alan Davidson of New York New York a stockbroker formerly registered with Jeffries LLC and National Securities Corp is referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that misrepresentations were made by the stockbroker and that equities transactions were unsuitable for the…
Clifton Hideki Roberts (also known as Cliff H. Roberts and as Clifton Sato Roberts) of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Roberts engaged in undisclosed outside business activities while associated with…
Ramon Arturo Herrera of Jersey City New Jersey a stockbroker and financial advisor formerly registered with Wells Fargo Clearing Services LLC is the subject of a New Jersey Bureau of Securities Order dated October 18, 2019 in which Herrera’s stockbroker and investment adviser representative registrations in the State of New Jersey have been revoked based…
Abdul Matin Rahmani (also known as Abdul Rahmani) of Melville New York a stockbroker formerly registered with SW Financial is the subject of an August 5, 2020 FINRA investigation in which he may face a disciplinary action from FINRA Department of Enforcement based upon accusations of him engaging in undisclosed outside business activities and failing…
James Bernis Lunsford (also known as Jim Lunsford) a stockbroker formerly employed by Mid Atlantic Capital Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages supported by accusations that the customer’s account was negligently supervised at Mid Atlantic Capital Corporation and that misrepresentations and…
David Wilson Fleming II of White Plains New York a stockbroker formerly registered with Stifel Nicolaus has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he neglected to confirm with FINRA whether he paid $401,000.00 in compensatory damages plus interest to a customer as…
Stephen Paul Florio (also known as Flo Florio and as Florio Paul Stephen) of Fort Lauderdale Florida a stockbroker formerly employed by 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 that Florio effected trades in a Raymond…
Giustino DeStefano (also known as Justin Antonio DeStefano) of Williamsville New York a stockbroker formerly employed by Merrill Lynch and Securities America is the subject of a customer initiated investment related arbitration claim which was settled for $485,000.00 in damages supported by allegations of elder abuse and the violation of California Securities Act. Financial Industry…
Jose Giraldo (also known as Tomas Giraldo) of Chula Vista California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Giraldo neglected to cooperate with FINRA’s request for his information following the point in…
Charles Don Burchard (also known as Chuck Burchard) of Conroe Texas 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 Burchard failed to comply with FINRA personnel who were investigating accusations of his potential undisclosed…
Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been issued an Order from Securities and Exchange Commission (SEC) in which he has been barred from being a stockbroker or investment adviser representative or otherwise barred from associating with securities broker dealers or investment advisors based upon accusations of…
Michael John Osland of Scottsdale Arizona a stockbroker and investment adviser representative currently employed by Geneos Wealth Management Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested more than $5,000.00 in compensatory damages founded on accusations that a contract between the customer and the securities broker dealer…
Securities broker dealer CFD Investments Inc. and its Chief Compliance Officer Matthew O. Bahrenburg of Kokomo Indiana have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that they failed to conduct due diligence on an oil and gas private placement and that the securities broker dealer’s stockbrokers made unsuitable investment recommendations to…
David Warg Best of Bethlehem Pennsylvania a stockbroker and financial advisor formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint that was resolved on July 30, 2019 for $18,750.00 in damages founded on accusations of unsuitable exchange traded funds and closed end funds being sold to the customer…
Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities….
Christopher Thomas Hildebrandt of Cape May Court House New Jersey a stockbroker formerly employed by Principal Securities 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 Hildebrandt altered documents to effect distributions and other transactions in customer accounts. Letter of Acceptance…
Jacob Ray Kagele of Tucson Arizona a stockbroker formerly employed by Mutual Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer was awarded $35,631.76 in compensatory damages supported by Kagele being found liable on the customer’s causes of action including that a contract between the customer and the…
Jose A. Yniguez (also known as Jose S. Yniguez) of Oxnard California a stockbroker formerly registered with Transamerica Financial Advisors has been fined $12,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Yniguez engaged in undisclosed private securities transactions and outside…
John Hoff Russell of Clayton Missouri a stockbroker and investment adviser representative currently registered with Stifel Nicolaus Co. Inc. has been named in a customer initiated investment related arbitration claim in which the customer was awarded $800,000.00 in compensatory damages supported by Russell being found liable on the customer’s causes of action including that FINRA…
Imtiaz A. Khan (also known as Raana Khan) of New York New York a stockbroker formerly registered with Windsor Street Capital LP is the subject of a customer initiated investment related arbitration claim which was settled for $28,400.00 in damages supported by accusations including the breach of a contract between the customer and Windsor Street…
Jesse Todd Kovacs of Forked River New Jersey a stockbroker formerly employed by ON Equity Sales Company has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kovacs took part in private securities transactions without permission from ONESCO. Letter of Acceptance Waiver…
Garland Sean James (also known as Gary James) a stockbroker formerly registered with Garden State Securities and Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he neglected to cooperate with the terms of a FINRA Arbitration Award in which…
Rani Soto of Newark New Jersey a stockbroker formerly registered with Prudential Investment Management Services has been charged by Financial industry Regulatory Authority Department of Enforcement with engaging in outside business activities that were not disclosed to the securities broker dealer and for failing to timely cooperate with FINRA during the course of its investigation…
Narinder Kaur Singh (also known as Narinder Dutt) of Sacramento California a stockbroker formerly employed by ProEquities Inc. and Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to cooperate with a FINRA investigation into accusations of her…
Stuart L. Pearl of Indianapolis Indiana a stockbroker formerly registered with David A. Noyes Company is the subject of a customer initiated investment related written complaint on May 18, 2020 in which the customer requested $2,088,124.00 in damages based upon allegations of a margin trading account being created by the stockbroker without the customer’s knowledge…
Victor A. Rigoni III of Lake Forest Illinois a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related arbitration claim that was settled for $25,000.00 in damages founded on accusations of breach of fiduciary duty and negligence relating to Rigoni’s real estate investment trust transactions. FINRA Arbitration No….
Wells Fargo Advisors LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $350,000.00 based upon findings that it failed to supervise two stockbrokers who made unsuitable recommendations to customers regarding energy securities causing customers to experience losses. Letter of Acceptance Waiver and Consent No. 2015045713304 (Aug. 28, 2020). According…
Andrew Bruce Elsoffer of Pepper Pike Ohio a stockbroker formerly registered with Stifel Nicolaus Company is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and that…
James Michael Rapisarda of Scottsdale Arizona 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 Rapisarda engaged in prohibited securities transactions during the period in which he was associated with LPL Financial. Letter…
Gregory Roy Tucker of Des Moines Iowa a stockbroker currently employed by DA Davison Co. is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages supported by accusations that the customer had been provided unsuitable investment advice from Tucker during the period in which he was associated with…
Roger Lee Owens of Elkton Maryland a stockbroker formerly employed by Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages founded on accusations that a fiduciary duty which had been owed to the customer by the stockbroker was violated and that the customer had…
Joseph Paul Woitkoski of Pittsfield Massachusetts a stockbroker formerly employed by Raymond James Associates Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woitkoski initiated unauthorized trades in customer accounts and caused false records and books to be maintained by…
James Royal Kirchner of Chicago Illinois a stockbroker formerly employed by David A. Noyes is the subject of a customer initiated investment related arbitration claim that was resolved for $90,000.00 in damages supported by accusations that the customer had been placed into unsuitable alternative investments including direct participation program interests and limited partnership interests during…
Thomas Von Reckers (also known as Tom VonReckers) of Lakewood Colorado a stockbroker formerly employed by Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related arbitration claim which was settled for $90,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer had been breached and…
Mark Alan Kemp of Corpus Christi Texas a stockbroker and investment advisor representative currently registered with McNally Financial Services Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that misrepresentations had been made by the stockbroker and that the customer was…
Luke Charles Nelson of Fosston Minnesota a stockbroker formerly registered with Thrivent Investment Management Inc. has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Nelson had altered customer account documentation. Letter of Acceptance Waiver and Consent No. 2019061507001…
Kyusun Kim (also known as Kyu Sun Kim and as Kenny Kim) of San Diego California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was settled for $60,000.00 in damages based upon allegations that the stockbroker violated federal and state securities laws through…
Peter Vincent Ianace of Plano Texas 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 on findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in undisclosed outside business activities during…
Michael Rubel of Red Bank New Jersey a stockbroker formerly registered with Capital Securities Management has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he made unsuitable unit investment trust transactions in customer accounts at Capital Securities Management. Letter of Acceptance Waiver and Consent…
John Rosas Jaramillo of Westlake Village California a stockbroker formerly employed by Western International Securities 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 Jaramillo engaged in private securities transactions involving the sale of securities in Woodbridge…
Robert Michael Gianchiglia of Worcester Massachusetts a stockbroker formerly employed by Ameritas Investment Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that private placements had been misrepresented by Gianchiglia during the period in which he was associated with Ameritas investment…
Geoffrey Garratt of New York New York a stockbroker formerly employed by National Securities Corp is the subject of a customer initiated investment related arbitration claim where the customer was awarded $58,573.10 in damages based on Garratt being found liable on the customer’s causes of action including fraud and the breach of a fiduciary duty…
Bryan Gabriel Mazliach of Fort Lauderdale Florida a stockbroker formerly employed by Laidlaw Company has been charged by Financial Industry Regulatory Authority (FINRA) with effecting excessive and unauthorized transactions in customer accounts and with placing customers in unsuitable investments which caused them to sustain losses. Department of Enforcement v. Bryan G. Mazliach Disciplinary Proceeding No….
Bernard Joseph Audet of Newtown Square Pennsylvania a stockbroker registered with MML Investors Services and New England Securities is referenced in a customer initiated investment related civil action that was resolved for $8,000,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and…
Minish Joe Hede of New York New York a stockbroker formerly employed by Paulson Investment Company is named in a Complaint brought by Securities Exchange Commission (SEC) who alleges that Hede was selling away from his securities broker dealer employer and had sold promissory notes as an unregistered broker. United States Securities and Exchange Commission…
John Alexander Tarpinian of New York New York a stockbroker formerly employed by Paulson Investment Company LLC and Newport Coast Securities Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that between February of 2013 and March of 2019, a fiduciary duty…
Steven Harris of Burr Ridge Illinois a stockbroker formerly associated with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Harris failed to cooperate with FINRA personnel during an investigation into allegations of his misconduct that…
Christopher Allan Swan of Irving Texas a stockbroker formerly registered with BBT Securities LLC is the subject of a customer initiated investment related civil action brought in the District Court of Dallas County Texas in which the customer requested $23,000.00 in damages based upon allegations that 529 accounts and other custodial accounts had been set…
Eric Todd Stuckey of Suwanee Georgia a stockbroker formerly registered with Invest Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $220,000.00 in damages based upon accusations that the customer had not been told about risks relating to investments sold by Stuckey during the time that he…
Chams Khwaja (also known as Sean Khwaja) of Melville 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 according to a Default Decision containing findings that Khwaja declined to cooperate with FINRA’s investigation into allegations of his…
Christopher R. Bice (also known as Cubby Rice) a stockbroker currently registered with Sagepoint Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that the customer had been placed into unsuitable private placements by Bice during the time that he was…
Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly associated with Morgan Stanley Smith Barney has been referenced in a customer initiated investment related written complaint on February 6, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable corporate bond investments by the stockbroker between June…
Shawn Bruce Davis of Auburn California a stockbroker formerly associated with Independent Financial Group LLC and Berthel Fisher Company Financial Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $206,000.00 in damages supported by allegations that the customer had been unsuitably concentrated in illiquid investments including real…
Adam Michael Lopez of Springfield Illinois a stockbroker formerly registered with Country Capital Management Company is the subject of a customer initiated investment related written complaint on December 16, 2019 in which the customer requested $2,000,000.00 in damages based upon allegations that the customer’s assets were converted and that the customer had been defrauded as…
Jonathan Richard Lake (also known as Jon Lake) of Stamford Connecticut a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been discharged on December 2, 2019 based upon accusations that the stockbroker procured funds from a customer in violation of company policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Lake has…
Kevin Richard Wilson of New York New York a stockbroker formerly associated with Laidlaw Company (UK) Ltd. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,600,000.00 in damages supported by allegations that the customer had been placed into unsuitable private placements from 2011 to 2017 during the…
Stanley Bernard Secor of Salt Lake City Utah 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 based upon findings that Secor refused to provide documents and information to FINRA when he was being investigated for possible violations of…
Gaetano Magarelli (also known as Guy Magarelli) of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $130,000.00 in damages based upon accusations that contractual obligations to the customer were breached and that the customer’s losses were attributed…
Emil John Skyba of Westport Connecticut a stockbroker formerly registered with Westport Capital Markets LLC is the subject of a Revocation Order issued by New Jersey Bureau of Securities in which his stockbroker and investment adviser registration have been revoked based upon findings of Skyba being expelled from a self-regulatory organization for hampering an investigation….
Alvery Anthony Bartlett Jr. of Saint Louis Missouri a stockbroker formerly employed by Berthel Fisher Company Financial Services has been identified in a customer initiated investment related arbitration claim where the customer sought more than $5,000.00 in estimated damages founded on accusations that customers were placed into unsuitable alternative investments and that Berthel Fisher’s negligence…
Ronald G. Richer of New York New York a stockbroker formerly employed by Garden State Securities is named in a FINRA Department of Enforcement Complaint alleging that Richer had borrowed funds from a customer of the securities broker dealer without its authorization and he then tried to conceal his activities from both Garden State Securities…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly employed by Cetera Advisor Networks LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of unsuitable private placements being sold to the customer while Welo was employed by Securities America Inc. and…
Christopher Duke Bennett of Louisville Kentucky a stockbroker formerly registered with Jjjbs has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bennett failed to comply with FINRA’s investigation into customer complaints in which he was accused of making unsuitable investment recommendations. Letter of Acceptance…
Scott Robert Steinhorst of Hartland Wisconsin a stockbroker formerly associated with Wintrust Investments LLC has been referenced in a customer initiated investment related complaint in which the customer requested $15,187.72 in damages supported by allegations that the customer had been placed into inappropriate structured certificates of deposit given the long maturities on those products. This…
Benjamin Frank Bourgeois Jr. of Metairie Louisiana a stockbroker formerly employed by Commonwealth Financial Network has been identified in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages founded on accusations that the customer’s check had been misused by Bourgeois and that the customer received bad investment recommendations while Bourgeois…
Frederick Scott Levine of Florham Park New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Levine made unsuitable rollovers of unit investment trusts in Oppenheimer customer accounts. Letter of Acceptance Waiver…
Sylvester Knox of Short Hills New Jersey a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Knox engaged in unauthorized trades in Merrill Lynch customer accounts. Letter of…
Eugene Nathan Gordon (also known as Gene Gordon) of Palo Alto California a stockbroker currently employed by Fortune Financial Services has been issued an Order of Summary Revocation and Issuance of Restricted License by California Department of Insurance supported by allegations of Gordon having failed to disclose sanctions imposed against him by Financial Industry Regulatory…
Donald Joseph Fowler of Rockville Center New York a stockbroker formerly registered with Worden Capital Management is referenced in an Order Instituting Administrative Proceedings by Securities and Exchange Commission (SEC) in which the regulator is determining whether to permanently bar Fowler from being a stockbroker or investment advisor representative given findings of Fowler violating federal…
Nordo Mauro Nissi III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages supported by allegations that fraudulent misrepresentations and omissions had been made relating to the customer’s investments and that the customer was defrauded during…
Richard Calabrese of New York New York the President and Chief Compliance Officer of Corinthian Partners LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $11,500.00 in damages founded on accusations that the customer had been placed into unsuitable private placements by Calabrese which led the Corinthian Partners…
Matthew Evan Eckstein of Syosset New York a stockbroker formerly employed by Sisk Investment Services Inc. has been suspended by Financial Industry Regulatory Authority (FINRA) based upon allegations that he neglected to pay compensatory damages to a customer after being found liable for causing the customer’s investment losses. Case No. 18-02864 (Nov. 18, 2019). FINRA…
Omar Waleed Hammad-Randolph of Boca Raton Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hammad-Randolph borrowed from a customer of the securities broker dealer without…
Ronald James Knight (also known as Ramone Knight) of Timonium Maryland a stockbroker formerly registered with NYLife Securities is referenced in a customer initiated investment related written complaint which was resolved for $128,351.26 on April 10, 2018 based upon allegations of the stockbroker having failed to repay a NYLife Securities LLC customer after borrowing funds…
Eric Juan Stubbe Arsuaga of Dorchester Massachusetts a stockbroker formerly employed by Santander Securities LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $82,500.00 in damages based upon allegations that the customer had been placed in common and preferred stock and mutual funds among other investments that failed…
Christopher A. Reid of Marlton New Jersey a stockbroker formerly employed by Morgan Stanley 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 Reid engaged in private securities transactions while registered with Morgan Stanley. Letter of Acceptance Waiver…
Charles Thomas Stevens of Saint Augustine Florida a stockbroker formerly registered with DH Hill Securities LLLP is referenced in a customer initiated investment related arbitration claim which was resolved for $35,000.00 in damages supported by allegations that negligence and the breach of an investment agreement resulted in the customer’s losses on alternative investments sold by…
Barry Jin (also known as Boqian Jin) of New York New York a stockbroker formerly employed by Spartan Capital Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on May 30, 2019 based upon allegations that he failed to comply with a settlement agreement or arbitration award….
Scott David Fergang of Paramus New Jersey a stockbroker formerly employed by RBC Capital Markets LLC has been terminated from employment on June 19, 2019 founded on allegations that trades were facilitated by the stockbroker on a discretionary basis without the stockbroker obtaining written permission from customers or the securities broker dealer. Fergang violated RBC…
Yvonne Marie Nirelli (also known as Yvonne Marie Fifield and as Yvonne Searles) of Canastota New York 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 she traded in customer accounts at…
Charles Matthew Wernig III (also known as Chip Wernig) a stockbroker formerly registered with Kestra Investment Services LLC has been barred on August 5, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Wernig neglected to provide a response to FINRA after a request for his…
Craig Allen Leppien of Traverse City Michigan of Cetera Investment Services has been identified in a customer initiated investment related written complaint on April 16, 2019 in which the customer requested $41,338.66 in damages supported by allegations that the customer’s investment had been switched by Leppien without the customer’s consent during the time that Leppien…
Athanasios Tomaras (also known as Thanasi Tomaras) of Oldsmar Florida a stockbroker formerly employed by Fulcrum Securities LLC and Fulcrum Advisory Services LLC is referenced in a Stipulation and Consent Licensing Order issued by Colorado Division of Securities in which Tomaras was placed on heightened supervision founded on allegations of customer disputes and regulatory infractions…
Morgan Stanley a securities broker dealer headquartered in Purchase New York has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that it neglected to supervise stockbroker engaged in bond trading scheme. Letter of Acceptance Waiver and Consent No. 2019063917801 (Aug. 12, 2020). According to the AWC, a stockbroker by…
Kevin Donald Wanner of Bismarck North Dakota a stockbroker formerly employed by Questar Capital Corporation has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative or otherwise associating with a securities broker dealer or investment advisor representative according to an Order pertaining to findings of Wanner defrauding investors….
Gary Alan Meier of Vancouver Washington a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages based upon allegations that misrepresentations had been made to the customer by the stockbroker as it pertained to low priced securities including penny…
Forouzan Pooladi (also known as Forouzan Sharma) of Great Neck 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 supported by findings that Pooladi refused to cooperate with FINRA personnel when she was investigated for engaging in…
Richard John Denecker Jr. (also known as Dick Denecker) of Richmond Virginia a stockbroker currently registered with UBS Financial Services 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 Denecker engaged in unauthorized trading in customer accounts at UBS. Letter of…
John William Carroll of Maumee Ohio a stockbroker formerly employed by Berthel Fisher Company Financial Services has been identified in a customer initiated investment related written complaint on May 13, 2020 where the customer sought more than $5,000.00 in damages founded on accusations that the customer had been placed into illiquid alternative investments including oil…
Erik Patrick Pica (also known as Eric Patrick Pica) of Joseph Stone Capital LLC has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision concerning findings that (1) a customer’s funds were converted by Pica (2) the customer was provided with misleading and false…
James Marten Lamont of San Francisco California a stockbroker formerly associated with Whitehall Parker Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages supported by allegations that the customer had been placed into bad investments including real estate securities and direct investment products…
John Wade Loofbourrow of New York New York the President and Chief Executive Officer of John W. Loofbourrow Associates (JWLA) has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that Loofbourrow neglected to supervise outside business activities. Letter of Acceptance Waiver…
E. Herbert H. Hafen (also known as Elias Herbert Hafen and as Elias Herbert Niggebrugge) of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from being a stockbroker or an investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of…
Brian Robert Bates of Chandler Arizona a stockbroker currently associated with BBVA Securities Inc. has been referenced in a customer initiated investment related written complaint on February 7, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that misrepresentations had been made by Bates concerning insurance protections on a structured…
Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly associated with Transamerica Financial Advisors has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been placed into real estate security and insurance products as well as a charitable annuity…
Robert Patton Stansberry (also known as Patt Stansberry) of Columbia Montana a stockbroker and financial advisor formerly registered with Wells Fargo Advisors Financial Network LLC and Cutter Company 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 based upon findings that…
Kurt Anthony Stein of New York New York a stockbroker formerly employed by National Securities Corporation has been identified in a customer initiated investment related arbitration claim where the customer sought $35,000.00 in damages founded on accusations that misrepresentations were made to the customer by Stein concerning direct participation program interests or limited partnership interests…
Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that the customer had been placed into bad alternative investments and that misrepresentations had been made to the customer…
John Patrick Priebe of Waseca Minnesota a stockbroker formerly associated with Principal Securities Inc. has been discharged on October 28, 2019 supported by concerns that Priebe had engaged in bad sales practices relating to mutual fund and variable annuity products and that Priebe failed to provide information to Principal Securities regarding his involvement in those…
Stephen Sloane of New York New York a stockbroker employed by Morgan Stanley has been identified in a FINRA Department of Enforcement Complaint where the regulator is seeking sanctions including a fine and suspension against Sloane for providing unsuitable investment recommendations to customers and for charging them excessive fees for trades that he executed at…
Scott Geoffrey Madison of Riverhead New York a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith has been identified in a customer initiated investment related arbitration claim where the customer sought $600,000.00 damages founded on accusations that between December 27, 2017 and September of 2019, over-the-counter equities recommendations failed to be suitable for the…
Travis Justin Lippmann of New York New York a stockbroker formerly registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $55,000.00 in damages based upon allegations that the customer’s losses had been caused by negligence and the breach of a fiduciary by Lippmann in…
Marshall Owen Isaacson of Boca Raton Florida a stockbroker formerly associated with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Isaacson failed to cooperate with FINRA’s investigation into allegations that he provided unsuitable investment advice to customers. Letter of Acceptance…
Clinton Robert Hare of Marriottsville Maryland a stockbroker and investment adviser representative currently employed by Equitable Advisors LLC (AXA Advisors) has been identified in a customer initiated investment related written complaint on July 2, 2019 where the customer sought unspecified damages founded on accusations that the customer had been placed into an unsuitable variable life…
Mark Fredrick Augusta of Del Mar California a stockbroker formerly associated with Wedbush Securities Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the customer had been defrauded and that misrepresentations and omissions had been made in regard to the customer’s…
Concorde Investment Services and its Chief Compliance Officer Kimberlee Elizabeth Levy of Livonia Michigan have been sanctioned by Financial industry Regulatory Authority (FINRA) based upon findings that they failed to supervise a stockbroker who enabled a disqualified stockbroker to effect trades in the accounts of Concorde customers. Letter of Acceptance Waiver and Consent No. 2018060577602…
Anthony Mesquit of Jacksonville Florida a stockbroker currently registered with Fidelity Brokerage Services LLC and Fidelity Personal Workplace Advisors is the subject of a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages based upon allegations of unsuitable recommendations by the stockbroker “to name a donor advised fund as the…
Matthew William Crafa of Garden City New York a stockbroker currently associated with Royal Alliance Associates Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that a fiduciary duty that was owed to the customer had been breached and…
Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Caveness failed to comply with a FINRA investigation in regard to money that the stockbroker received from elderly customers. Letter of…
Eric Wesley Thronson of Owatonna Minnesota a stockbroker formerly associated with Securities America has been referenced in a customer initiated investment related written complaint on December 9, 2019 in which the customer requested more than $5,000.00 in estimated compensatory damages supported by allegations that the customer’s account had been invested in an unsuitable manner because…
Michael Robert Greenfield of Boca Raton Florida a stockbroker formerly associated with Oppenheimer Co. Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations of the violation of FINRA rules by Greenfield concerning oil and gas master limited partnership transactions that were…
Mark L. Hopkins of Grand Blanc Michigan, a stockbroker formerly registered with American Portfolio Financial Services was charged by the United States Securities and Exchange Commission with the theft of $1.2 million from five of his customer accounts. United States Securities and Exchange Commission v. Mark L. Hopkins (E.D. Michigan). According to the Complaint, bginning…
Eugene James Long (also known as EJ Long) a stockbroker currently employed by 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 executed unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2019061646402 (July…
Peter Rajinder Kohli of Leesport Pennsylvania a stockbroker formerly registered with Trustmont Financial Group is the subject of a customer initiated investment related arbitration claim in which the customer requested $373,023.00 in damages based upon allegations that Trustmont failed to supervise Kohli’s securities transactions in the customer’s account which resulted in losses. Financial Industry Regulatory…
Jacquin P. Fink of New York New York a stockbroker formerly associated with Merrill Lynch has been referenced in a customer initiated investment related arbitration claim in which the customer requested $43,434.00 in damages supported by allegations that common and preferred stock recommendations failed to be suitable during the period in which Fink was employed…
Adrienne Jaime Mak of Hacienda Heights California a stockbroker formerly employed by JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on a FINRA Office of Hearing Officers Order Accepting Offer of Settlement based on findings that Mak failed to cooperate with FINRA’s…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that securities laws of the State of Illinois were violated in regard to Shafer’s securities transactions and that the…
Kevin Thomas Doyle of Mineola New York a stockbroker formerly associated with Aegis Capital Corp and Newbridge Securities Corp has been referenced in a customer initiated investment related arbitration claim in which the customer requested $125,000.00 in damages supported by allegations that alternative investment recommendations made by Doyle had failed to be suitable as they…
Cynthia Ann Perry of Salisbury Maryland a stockbroker formerly associated with Merrill Lynch 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 altered signed Merrill Lynch customer documents to create accounts and effect transactions. Letter of Acceptance…
Cary Alan Moskowitz of New York New York a stockbroker currently associated with UBS Financial Services has been referenced in a customer initiated investment related complaint in which the customer requested $14,000,000.00 in damages supported by allegations that unsuitable options transactions had been executed in the customer’s account during the period in which Moskowitz was…
Juan Guillermo Herrans Barreras of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $800,000.00 in damages based upon allegations that misrepresentations had been made to the customer regarding mutual funds and that the customer…
Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly associated with Stifel Nicolaus Company Incorporated has been barred from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to an SEC Order based on Yanow pleading guilty to wire fraud. In the Matter of…
Michael Frank Paesano of New York New York a stockbroker formerly employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on accusations that trades were executed in the customer’s account in excessive amounts between July of 2014 and December of 2016 while…
John Francis Davenport of Norwalk Connecticut a stockbroker currently registered with Liberty Partners Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that a fiduciary duty that was owed to the customer had been breached and that the stockbroker was negligent…
Peggy Jean Doherty-Punderson (also known as Peggy Jean Waller) of Lebanon New Hampshire a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on the stockbroker’s consent to findings that she failed to cooperate with FINRA during an investigation into transactions…
Thomas David Sharp (also known as Tom Sharp) of Gold River Colorado a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related civil action in the Sacramento County California Superior Court where the customer sought unspecified damages based upon accusations of negligence and breach of a fiduciary…
Steven Glen Friedman of McLean Virginia a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to furnish information to FINRA in response to its inquiry into his activities. Case No. 2018058107301 (July 1, 2019)….
Dudley Franklin Stephens (also known as Stephen Franklin Dudley) of New York New York a stockbroker formerly registered with Prospera Financial Services and Coastal Equities is the subject of a customer initiated investment related arbitration claim which was resolved for $122,500.00 in damages based upon accusations that the customer had been placed into unsuitable investments…
Adam Gerard Belardino of Elmsford New York a stockbroker formerly employed by MML Investors Services (Massachusetts Mutual life Insurance Company) has been identified in a customer initiated investment related written complaint which was resolved on May 8, 2020 for $51,133.06 in damages founded on accusations of misrepresentations as it pertained to a variable universal life…
Integrity Brokerage Services a securities broker dealer headquartered in Indianapolis Indiana, its Chief Executive Officer Joshua Helme, stockbroker Andrea Wood and stockbroker Marc Nathan Jaffe have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Marc Jaffe engaged in securities business at Integrity Brokerage Services while he was disqualified and that…
Jeffrey Scott Olson of Minneapolis Minnesota a stockbroker and financial advisor formerly registered with Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim in which the customer requested $90,000.00 in damages based upon allegations that unauthorized trades were effected in the customer’s account and that the customer received bad investment advice…
Jefferey William Dyra of Naperville Illinois a stockbroker formerly associated with Bankers Life Securities Inc. has been referenced in a customer initiated investment related written complaint on November 21, 2019 in which the customer requested $47,000.00 in damages supported by allegations that unauthorized transactions were facilitated in the customer’s account. The complaint alleges that the…
Jean Connell Hicks of Saint Petersburg Florida a stockbroker formerly registered with Fortune Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hicks neglected to furnish documentation and information to FINRA personnel when she was under investigation for borrowing from a customer…
Yousuf Saljooki (also known as Joseph Saljooki and as Joe Saljooki) a stockbroker formerly registered with SW Financial (Salomon Whitney Financial) is the subject of a customer initiated investment related arbitration claim in which the customer requested $97,292.27 in compensatory damages and unspecified punitive damages based upon allegations that the customer had been defrauded by…
Sandlapper Securities LLC as well as Trevor Lee Gordon (chief executive officer) and Jack Charles Bixler (vice-present) were handed down a Decision from Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council which affirmed an Extended Hearing Panel’s findings of Sandlapper, Gordon and Bixler’s fraudulent activities and breach of fiduciary duty with respect to saltwater disposal…
Wilfred Rodriguez Jr. of Boca Raton Florida a stockbroker formerly associated with Wells Fargo Advisors has been referenced in a customer initiated investment related written complaint on December 14, 2019 in which the customer requested $3,600,000.00 in damages supported by allegations of misappropriation and unauthorized transactions during the period in which Rodriguez was employed by…
Lazaro Armando Fernandez Paredes of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages based upon accusations that the customer had been placed into fraudulent closed end funds and municipal debt investments during the time that Paredes…
Michael Harvey Siva of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from being a stockbroker or an investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to a Securities Exchange Commission (SEC) Order based on Siva pleading guilty to conspiracy to commit securities…
Brian Robert Roth of Chester New Jersey a stockbroker formerly employed by Brian Robert Roth has been identified in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer had been breached by Roth when he was employed…
Benard Wayne Gann of Tyler Texas a stockbroker formerly associated 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 based on his consent to findings that he facilitated an unauthorized transaction in a customer’s account. Letter of Acceptance…
Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley Smith Barney has been identified in a customer initiated investment related written complaint which was resolved on July 30, 2018 for $40,000.00 in damages founded on accusations that unauthorized equity transactions were executed in the customer’s account between January of…
James Henry Dresselaers of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. has been stripped of his securities registration by Financial Industry Regulatory Authority (FINRA) on November 15, 2019 based upon accusations of Dresselaers’ failure to pay a fine that FINRA assessed for making unsuitable recommendations of exchange traded funds to customers. FINRA…
Rodger Sprouse of Lee’s Summit Montana a stockbroker currently associated with Titan Securities has been referenced in a customer initiated investment related written complaint which was settled for $43,000.00 on April 6, 2020 supported by allegations that the customer had been placed into a fraudulient structured cash flow product by Sprouse in 2018 during the…
Micah Wesley Patterson (also known as Wes Patterson) of Layton Utah a stockbroker formerly registered with Hornor Townsend Kent 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 Patterson engaged in an unapproved private securities transaction during the time that…
Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on February 19, 2020 where the customer sought $350,000.00 in damages based upon accusations that the customer was placed into an unapproved investment by Farrow during the time that…
Andrew Vincent LaBarbera of Dix Hills New York a stockbroker formerly employed by Titus Rockefeller LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $23,793.00 in damages founded on accusations that the customer’s account was churned and that a fiduciary duty that was owed to the customer had…
Ryan Matthew Davis of Mahwah New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Davis engaged in undisclosed outside business activities and private securities transactions and…
David Wayne Krumrey of The Woodlands Texas a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations including breach of fiduciary by Krumrey as it pertained to equity transactions effected in the customer’s account between January…
Sam Aziz (also known as Sam Azizieh and as Sam Yehya) of Dublin Ohio a stockbroker formerly registered with Coastal Equities Inc. is the subject of a Ohio Division of Securities Order in which his stockbroker registration has been revoked based upon allegations that (1) Aziz effected trades that were not suitable for a customer…
Thomas Duggan of Melville New York a stockbroker currently employed by Aegis Capital Corp has been identified in a customer initiated investment related arbitration claim where the customer sought $1,079,155.08 in damages founded on accusations of elder abuse relating to the customer’s investments between 2017 and 2019 while Duggan was employed by Aegis Capital Corp….
Henry Arthur Taylor III (also known as Trey Taylor) of Springdale Arizona a stockbroker formerly registered with Cetera Advisors Networks LLC has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor sold away from the securities broker dealer….
Jeffrey Allen Baber of Red Bank New Jersey a stockbroker and investment adviser representative formerly registered with First Standard Financial Company is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that unsuitable equities transactions had been executed by Baber at First Standard Financial…
Chad T. Mackland of Omaha Nebraska a stockbroker formerly registered with Northwestern Mutual Investment Services is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,871,000.00 in damages based upon allegations that a fiduciary duty that was owed to the customer had been breached and that the customer had…
Robert Gerard Merlo (also known as Robert Gerald Merlo) of Midland Park New Jersey a stockbroker formerly associated with Allstate Financial Services has been barred as a stockbroker in the State of New Jersey according to an Order issued by New Jersey Bureau of Securities that was based on Merlo pleading guilty to fraudulent activities….
Gregory Alan Ricker of Boca Raton Florida a stockbroker formerly associated with Westpark Capital Inc. 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 engaged in private securities transactions without the securities broker dealer’s approval. Letter of…
Dexter Leroy Thomas of Dallas Texas a former United Planners Financial Services of America stockbroker is the subject of a customer initiated investment related arbitration claim which was resolved for $256,250.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by Thomas and that transactions were…
Kenneth Marc Hutkin of New York New York a stockbroker and investment adviser representative formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable municipal debt investments…
William Andrew Hightower (also known as Bill Hightower) of Houston Texas a stockbroker formerly employed by Legacy Asset Securities Inc. has been barred from being a stockbroker or an investment adviser representative or otherwise associating with any securities broker dealers or investment advisories according to an SEC Order based on Hightower pleading guilty to fraud….
Michael Joseph Iannarino (also known as Mike Iannarino) of Columbus Ohio a stockbroker formerly registered with Private Client Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Iannarino failed to comply with a FINRA investigation into accusations of his recommendations and sales…
Ian Ha of Los Angeles California a stockbroker formerly registered with AXA Advisors LLC is the subject of a customer initiated investment related written complaint on April 21, 2020 in which the customer requested unspecified damages based upon allegations that misrepresentations had been made to the customer by Ha in regards to the exchange of…
Cristiano Tempo Castellini of Beverly Hills California a stockbroker currently associated with Merrill Lynch Pierce Fenner Smith Incorporated has been referenced in a customer initiated investment related written complaint on April 16, 2020 in which the customer requested unspecified damages supported by allegations that the customer’s instructions had not been followed by the stockbroker between…
Robert James McNamara of Albany New York a stockbroker currently associated with Cadaret Grant Co. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that McNamara facilitated unauthorized transactions in customer accounts during the period in which he was employed by Cadaret Grant. Letter of…
Bradley Carl Mascho of Frederick Maryland a stockbroker formerly associated with Western International Securities has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealers or investment advisories according to an SEC Order based on findings that Mascho pled guilty to…
Kevin Fredrick Williams of San Diego 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 allegations that he neglected to cooperate with FINRA’s request for his information. Case No. 2019062134601 (May 26, 2020). According to…
Peter George Ruggiere of Boca Raton Florida a stockbroker currently registered with Dawson James Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages based upon accusations of misrepresentations concerning stock purchased for the customer’s account during the time that Ruggiere was associated with Dawson…
Cadaret Grant a securities broker dealer headquartered in Syracuse New York has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that Cadaret Grant failed to supervise its stockbrokers who engaged in private securities transactions one or more of which was a Ponzi scheme. Letter of Acceptance Waiver and Consent…
Timothy A. Crowley of Chicago Illinois 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 upon accusations that he failed to provide FINRA with information that had been requested of him. Case No. 2018059605401 (Apr. 16, 2020). FINRA…
Kerry Lee Hoffman of Chicago Illinois a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been advised by Hoffman to invest in unregistered securities during the period in which the…
Michael Joseph Sievert (also known as Mike Sievert) of Jacksonville Florida a stockbroker currently employed by Arkadios Capital has been identified in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations that the customer had been placed into bad direct investments including GPB Automotive and GPB Holdings…
Kevin Patrick McKenna of Wausau Wisconsin a stockbroker formerly associated with Stifel Nicolaus Company has been referenced in a customer initiated investment related arbitration claim in which the customer requested $600,000.00 in damages supported by allegations of unauthorized and fraudulent securities transactions by McKenna pertaining to direct participation program interests or limited partnership interests during…
JP Morgan Securities LLC a securities broker dealer headquartered in New York City New York has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that JP Morgan Securities did not supervise sales of volatility-linked exchange traded products to make sure that stockbrokers and its customers knew about the risks…
Leonard Joseph Marzocco (also known as Lenny Marzocco and as Len Marzocco) of Garden City New York a stockbroker formerly registered with First Standard Financial Company has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of the stockbroker making unsuitable trades in the accounts of…
Clifford Ronald Reid of New York New York a stockbroker currently employed by Reid Rudiger LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $220,542.00 in damages founded on accusations of false or misleading statements being made to the customer in regard to common and preferred stock and…
John George Kallis of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been fined $5,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kallis engaged in undisclosed private securities transactions while employed by LPL Financial. Letter of Acceptance…
James Michael Adgar of Alameda California a stockbroker formerly associated with LPL Financial LLC has been discharged by the firm on August 28, 2019 supported by allegations that Adgar neglected to abide by the policies of the securities broker dealer as it pertained to the insertion of customer signatures on incomplete documentation to effect transactions….
Leslie Anne Juron of Sarasota Florida a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been identified in a customer initiated investment related written complaint on July 22, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that the customer had been overcharged by Juron on investments held…
Jeremy Seth Rosen of Easton Pennsylvania a stockbroker formerly employed by BFC Planning Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $1,800,000.00 in damages founded on accusations that a bad investment strategy had been used for the customer’s account between 2016 and 2019. Financial Industry Regulatory Authority…
Wesley James Evans of Seattle Washington 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 upon consenting to findings that he obstructed a FINRA investigation concerning allegations of his misappropriation of a customer’s funds. Letter of Acceptance Waiver…
Ryan Sanghak Lee of Wayne New Jersey a stockbroker formerly registered with Fidelity Brokerage Services is the subject of a customer initiated investment related written complaint on May 15, 2019 where the customer sought $22,000.00 in damages based upon accusations that Lee poorly advised the customer in regards to surrendering an annuity for managed account…
Keith Frederick France of Indianapolis Indiana a stockbroker formerly registered with BMO Harris Financial Advisors Inc. is the subject of a customer initiated investment related complaint on April 29, 2019 in which the customer requested more than $5,000.00 in damages based upon allegations that the customer had been sold a market linked certificate of deposit…
Anthony Glenn Hall of Dayton Texas a stockbroker formerly employed by Edward Jones 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’s investigation into accusations of complaints relating to customer loans. Letter of Acceptance Waiver and Consent…
Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Siegel failed to furnish information to FINRA that was requested of him through a formal inquiry. Case No….
Fredrick Martin Randhahn (also known as Frederick Martin Randhahn) of Ogden Utah a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon accusations that the customer was placed into risky and fraudulent Woodbridge Mortgage Investment products during…
Michael Carleton Boothe (also known as Carleton M. Boothe) of Fort Lauderdale Florida a stockbroker formerly registered with International Assets Advisory is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations of negligence and fraud with regard to the customer’s investments in direct…
Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with Westpark Capital Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation concerning McCloskey’s possible engagement in private securities transactions and his possible obstruction of the regulator’s investigation into accusations of his misconduct. FINRA Case…
Keith Trevor Rich of Marietta Georgia a stockbroker formerly employed by PFS Investments Inc. and JP Morgan Securities 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 Rich engaged in an undisclosed outside business activity while employed by PFS Investments…
Elizabeth Ann Morrell of Westlake Village California a stockbroker formerly employed by Western International Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she declined to cooperate with a FINRA investigation regarding allegations of her sales of promissory notes relating to Woodbridge Group…
Dain F. Stokes of Bedford, New Hampshire was a registered representative of LPL Financial, LLC. Stokes is 60 years old and resides in Fremont, New Hampshire, where he also has his own LPL Financial independent office. According to FINRA Public Disclosure, In addition to being a registered representative, Stokes also spends time writing fictional novels….
William Louis Baumner IV (also known as Bill Baumner) of Boca Raton Florida a stockbroker formerly employed by Buckman Buckman Reid Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $67,000.00 in damages founded on accusations that the customer was provided with unsuitable investment advice pertaining to a…
Gary Lyle Pevey of Sacramento California a stockbroker formerly associated with Mutual Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by allegations that the customer had been defrauded by making a real estate security purchase in September of 2016 during the…
Dennis Albert Mehringer Jr. of Pasadena California a stockbroker formerly registered with Western International Securities is the subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirmed a FINRA Extended Hearing Panel’s barring of Mehringer from associating with any FINRA member in any capacity based upon findings that (1) Mehringer effected…
John Seiberling Fulton of West Palm Beach Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,400,000.00 in damages based upon allegations that between 2017 and 2019: an options overlay strategy implemented in the customer’s account had been…
Joshua William Turney of New York New York a stockbroker formerly registered with Global Arena Capital Corp has been charged by Securities and Exchange Commission (SEC) with effecting unauthorized trading to generate commission revenue and then attempting to conceal those unauthorized transactions. Securities and Exchange Commission v. Joshua W. Turney et al. Civil Action No….
Robert Steven Clarke of Austin Texas a stockbroker employed by National Alliance Securities LLC (also known as NatAlliance) has been issued an Order by Kentucky Department of Financial Institutions in which he has been fined $3,000.00 and suspended as a stockbroker for five months supported by allegations that he facilitated transactions in NatAlliance customer accounts…
Julian Jay Piekarczyk of Joliet Illinois a stockbroker formerly registered with Pruco Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Piekarczyk exploited a customer and had prevented Pruco Securities from learning about his spouse’s designation as the customer’s beneficiary. Department of Enforcement v. Julian Jay Piekarczyk Disciplinary…
Merrill Lynch a securities broker dealer headquartered in New York New York has been censured by Financial Industry Regulatory Authority (FINRA) founded on findings that Merrill Lynch overcharged customers on mutual fund transactions. Letter of Acceptance Waiver and Consent No. 2017053494401 (June 4, 2020). According to the AWC, between April of 2011 and April of…
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 complaint on August 28, 2019 where the customer sought $100,000.00 in damages based upon accusations that the customer had been misled by Gates concerning a fund purchased through a private…
Joanna Moran (also known as Joanna Brost) of Hawthorne Nevada a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that the customer was provided with unsuitable investment advice by Moran regarding an investment in…
William Forrest Winchester III (also known as Bill Woods) a stockbroker formerly associated with Raymond James Financial Services has been referenced in a Tennessee Securities Division Consent Order in which Winchester was fined $45,000.00 and subject to heightened supervision requirements supported by findings that Winchester engaged in unethical and dishonest practices by obtaining loans from…
Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that unauthorized transactions were facilitated in the customer’s account during the period in which McCallum was employed…
Terry Au of New York New York a stockbroker formerly employed by WestPark Capital Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer was breached by Au in regard to the customer’s…
Albert Dishner of New York New York a stockbroker formerly associated with Credit Suisse Securities (USA) 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 facilitated unauthorized transactions in the account of a Credit Suisse customer. Letter of Acceptance…
Yvonne Lara Silguero of McAllen Texas a stockbroker currently associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Silguero as it pertained to…
John Joseph Conroy of New York New York a stockbroker formerly associated with Andrew Garrett Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $118,000.00 in damages supported by allegations of breach of fiduciary duty and breach of contract by the stockbroker in regard to the stock…
Barry John Hartwyk of Long Beach California a stockbroker formerly registered with RBC Capital Markets LLC has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that unauthorized trades had been effected in the customer’s investment account by…
Margareta Theresia Childs (also known as Margareta Theresia Klopf) of Western International Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to cooperate with FINRA’s request for information. Case No. 2019061958901 (Sept. 20, 2019). According to FINRA Public Disclosure, Childs…
Frank Briseno III of Metairie Louisiana a stockbroker and investment adviser representative currently registered with FSC Securities Corporation is the subject of a customer initiated investment related written complaint on May 6, 2020 in which the customer requested more than $100,000.00 in damages based upon allegations that the customer was provided bad investment advice from…
Christopher Richard Wurtzinger of Chicago Illinois a stockbroker and supervisor formerly registered with Forest Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that Wurtzinger failed to supervise outside business activities relating to the sale of Woodbridge Group of Companies promissory…
Lawrence Michael LaBine (also known as Larry LaBine) of Scottsdale Arizona a stockbroker formerly registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $99,000.00 in damages based upon accusations of the stockbroker’s negligence with regard to alternative investments sold to the Newbridge Securities Corporation…
Scott Mason of Lakewood Colorado a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Mason failed to cooperate with the regulator’s request for his information. Case No. 2018058924501 (Apr. 20, 2020). Mason will be automatically barred…
Jeannette Ann Adcock of Indianapolis Indiana a stockbroker formerly registered with Wayne Hummer Investments is the subject of a customer initiated investment related written complaint which was settled on December 4, 2019 for $56,838.12 in damages based upon allegations that misrepresentations had been made by the stockbroker pertaining to structured certificates of deposit which were…
Dean Elmo Mings of Springfield Ohio a stockbroker formerly registered with Tavenner Company is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that unsuitable annuities and stocks were recommended to the customer by Mings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02807 (Sept….
Frank Venturelli (also known as Frank Vaughn) of Bay Ridge New York a stockbroker formerly associated with First Standard Financial Company has been suspended for 11 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he facilitated excessive transactions in customer accounts during the…
Ronald G. Richer of New York New York a stockbroker formerly employed by Garden State Securities Inc. has been identified in a Financial Industry Regulatory Authority (FINRA) investigation in which a preliminary determination was made for Department of Enforcement to pursue an enforcement action against Richer based on accusations that he provided false documentation to…
Gerard Joseph Costello of New York New York a stockbroker currently associated with UBS Financial Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages supported by allegations that (1) misrepresentations had been made by the stockbroker concerning an options overlay strategy implemented in the…
Marie Bernadette Kincheloe (also known as Marie Bernadette McCarron) of Roanoke Virginia a stockbroker formerly associated with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she obstructed a FINRA investigation into her possible arrangement with an unregistered individual in handling…
James Hal Heafner (also known as Jim Heafner) a stockbroker formerly registered with Taylor Capital Management Inc. (also known as TCM Securities Inc.) has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on March 31, 2020 based upon accusations that Heafner failed to cooperate with a FINRA Arbitration…
Kirk James Bertsch of Spearfish South Dakota a stockbroker formerly employed by Farmers Financial Solutions LLC has been identified in a customer initiated investment related written complaint on February 27, 2020 where the customer sought $24,361.09 in damages founded on accusations of an unregistered promissory note purchase executed by Bertsch while he was employed by…
Robert Silverman of Red Bank New Jersey a stockbroker formerly employed by Cetera Financial Specialists 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 founded on the stockbroker’s consent to findings that he made unauthorized transactions in a customer’s account. Letter…
Joseph Patrick Roop (also known as Joepat Roop) of Belmont North Carolina a stockbroker formerly employed by Kalos Capital Inc. has been identified in a customer initiated investment related written complaint which was resolved for $17,500.00 in damages on January 29, 2020 founded on accusations that the customer was placed into unsuitable real estate securities…
Edward Thomas Enstice of Linwood New Jersey a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint which was settled for $50,000.00 in damages on December 13, 2019 supported by allegations that the customer had been placed into unsuitable investments between March of 2015 and November of…
Tuan Anh Ngo (also known as Toon Ngo) of Culver City California a stockbroker formerly associated with VFG Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations of Ngo’s failure to supervise a stockbroker who provided a customer with bad…
Timothy Bernard Cooney of Warren Rhode Island a stockbroker formerly associated with Allstate Financial Services 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 allegations of his undisclosed outside business activities while registered with the securities…
David Howard Fagenson of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation 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 requests for his information. Case No. 2018057351801 (Jan 27, 2020). According to FINRA Public…
Joffre Salazar (also known as Jeff Salazar) a stockbroker formerly employed by American Portfolios Financial Services Inc. has been discharged from employment on September 27, 2019 founded on accusations of customer documentation being impermissibly altered by Salazar. Salazar has been identified in two customer initiated investment related disputes pertaining to allegations of his misconduct. Financial…
Evan Richard Wuhl of New York New York a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages based upon allegations that stock recommendations which had been made by Wuhl failed to be suitable given the customer’s risk…
Joe McCollum Allbright of Odessa Texas a stockbroker formerly employed by Farmers Financial Solutions has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that (1) Allbright was selling Future Income Payments LLC investments away from Farmers Financial Solutions and…
Chris Kubiak of Brookfield Wisconsin a stockbroker formerly employed by Freedom Investors Corp and Calton Associates Inc. has been identified in a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings in which he has been barred from being a stockbroker or investment advisor representative and barred from associating with any securities broker dealer or…
Edward Robert Taliaferro (also known as Robby Taliaferro and as Rob Taliaferro) of Chattanooga Tennessee a stockbroker formerly associated with JJB Hilliard WL Lyons has been referenced in a customer initiated investment related arbitration claim in which the customer requested $60,000.00 in damages supported by allegations that the customer had been defrauded on stock and…
Eric Robert Schwartz of Florham Park New Jersey a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on July 3, 2019 where the customer sought $225,000.00 in damages based upon accusations of omissions and misrepresentations by Schwartz as it pertained to distributions which were required…
William Reilley Herf of Scottsdale Arizona a stockbroker currently associated with RBC Capital Markets LLC has been referenced in a customer initiated investment related written complaint on May 14, 2020 in which the customer requested $97,000.00 in damages supported by allegations that the customer’s investment instructions of liquidating an equity portfolio had not been followed…
Marvin Egorin of Beverly Hills California a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to provide FINRA with information that was requested of him in connection with a misconduct inquiry. Case…
Lester William Burroughs (also known as Chad Burroughs) of Torrington Connecticut a stockbroker formerly employed by Lincoln Investment and an investment advisor representative with Capital Analysts LLC is the subject of a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings in which Burroughs has been barred from being a stockbroker or investment advisor representative…
Dee Dee Brooks (also known as Doris Brooks and as Doris Takooshian) of Huntington Beach California a stockbroker formerly associated with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she engaged in unapproved private securities transactions involving Future Income Payments…
Satya Brata Shaw (also known as Satyabrata Shaw) of Wesley Chapel Florida a stockbroker formerly registered with Center Street Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $140,000.00 in damages based upon accusations that unsuitable alternative investments and real estate investment trusts were sold to the…
SagePoint Financial a securities broker dealer headquartered in Phoenix Arizona has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that it failed to supervise short-term trades of unit investment trusts with a view towards ensuring the suitability of those transactions for customers. Letter of Acceptance Waiver and Consent No….
David Harry-Nelson Austin of Grand Rapids Michigan a stockbroker formerly registered with JP Morgan Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds belonging to three customers of JP Morgan. Letter of Acceptance Waiver and Consent No. 2020066576401…
Joseph Kelly (also known as Joe Kelly) of New York New York a stockbroker currently associated with Spartan Capital Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $23,695.00 in damages supported by allegations of misrepresentation and bad investment recommendations by Kelly during the period in…
Richard James Coleman (also known as Rich Coleman and as Rick Coleman) of Melville New York a stockbroker formerly registered with SW Financial and Legend Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on June 2, 2020 based upon allegations that he did not report to…
Martin Joseph Noonan Jr. 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 based upon consenting to findings that he failed to cooperate with FINRA personnel who were investigating accusations that Noonan engaged in excessive and…
Cindy Lucille Porto Chiellini (also known as Cindy L. Porto) of Lexington South Carolina a stockbroker currently associated with Centaurus Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that between 2011 and March of 2020: (1) a fiduciary duty…
Mark Katz of San Diego California a stockbroker formerly associated with Hilltop Securities Inc. has been referenced in a customer initiated investment related complaint on February 18, 2020 in which the customer requested $357,000.00 in damages supported by allegations of unauthorized and excessive trading in the customer’s account by Katz which caused the Hilltop Securities…
James Edmond Moniz (also known as James E. McGowan-Moniz) of West Palm Beach Florida a stockbroker formerly associated with Essex Securities LLC has been sanctioned by the Massachusetts Securities Division based in part upon findings that he has been subject of customer disputes and that he has been sanctioned by the regulator as well as…
Jacqueline Lynn Hanson (also known as Jacqui Hanson Shea and as Jacqueline Hanson Moore) of Washington D.C. a stockbroker formerly registered with Cuso Financial Services LP is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations that the Cuso Financial Services customer had been placed into a real…
Gustavo Alberto Trujillo Franco of Old Bridge New Jersey a stockbroker formerly employed by Global Strategic Investments 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 Franco failed to cooperate with FINRA’s investigation into accusations of a fraudulent transfer…
Laurence Michael Braunstein of New York New York a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that municipal debt transactions that were executed in the Morgan Stanley customer’s account had failed…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines Iowa a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000,000.00 in damages based upon accusations of Krohn having recommended or sold investments to the customer outside of…
Adrienne Jaime Mak of Hacienda Heights California a stockbroker formerly registered with J.P. Morgan Securities LLC has been charged in a Complaint by Financial Industry Regulatory Authority (FINRA) Department of Enforcement who alleges that Mak failed to cooperate with FINRA’s information and documentation requests during the time that she was under investigation for allegedly violating…
Trevor Bradner Rahn of Los Angeles California a stockbroker formerly employed by J.P. Morgan Securities LLC has been identified in a customer initiated investment related written complaint on April 1, 2020 where the customer sought $125,000.00 in damages founded on accusations that a private securities transaction concerning a private placement was facilitated by Rahn outside…
James Bradley Schwartz (also known as Jim Schwartz) of New York New York a stockbroker formerly associated with Joseph Gunnar Co. LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $48,732.00 in damages supported by allegations that (1) a fiduciary duty owed to the Aegis Capital Corp…
Robert Scott Smith of Newberg Oregon a stockbroker formerly associated with Concorde Investment Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $360,000.00 in damages supported by allegations that the customer had been defrauded by investing in private placements through Smith during the period in which the…
Sachin Kumar of New York New York a stockbroker formerly registered with 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 Kumar advised a Morgan Stanley customer to sign blank or incomplete documents relating to the transfer of the…
Elliot Hough Sherer of Melville New York a stockbroker currently employed by Aegis Capital Corp. has been identified in a customer initiated investment related arbitration claim where the customer sought $95,596.00 in damages founded on accusations of (1) breach of a fiduciary owed to the customer by Sherer (2) breach of a contract between the…
Robert Nicholas Korzik (also known as Bob Korzik) of Little Falls New Jersey a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $8,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities…
Kevin Mark Nevin of Edina Minnesota a stockbroker formerly associated with Sandlapper Securities LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $400,000.00 in damages supported by allegations that the customer had been placed into direct participation program interests or limited partnership interests that failed to be…
Michelle Lynn Gill (also known as Michelle Lynn Carne, Michelle Lynn Koenig and as Michelle Lynn Pyykola) of East Lansing Michigan a stockbroker formerly registered with Paradigm Equities has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he had been…
Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with First Allied Securities Inc. and Kovack Securities Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $49,000.00 in damages based upon allegations that a fiduciary duty that was owed to…
Alberto Antonio Castaner (also known as Tito Castaner and as Antonio Castaner Barcelo) of Fort Lauderdale Florida a stockbroker currently employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that the Morgan Stanley customer was inappropriately advised by Castaner…
Stifel Nicolaus a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $1,750,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that (1) Stifel Nicolaus failed to supervise customers’ unit investment trust transactions which led to seemingly inappropriate and unwarranted sales charges and (2) Stifel Nicolaus provided customers with wrong…
Donald George Padilla of Alhambra California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Padilla used unauthorized correspondence channels with customers and had caused LPL Financial to maintain false…
David Khezri of Holbrook New York a stockbroker formerly employed by Joseph Stone Capital LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $235,635.00 in damages founded on accusations of negligence and the breach of a fiduciary duty by Khezri as it pertained to stock trades executed in…
Hector Ramos of New York New York a stockbroker formerly associated with Bishop Rosen Co. Inc. has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that gave bad advice to a disabled customer. Letter of Acceptance Waiver and Consent No. 2018059983001 (June…
Arthur Stewart Hoffman (also known as Art S. Hoffman) of Glendale Arizona 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 based upon findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in…
Scott Wayne Reed of Scottsdale Arizona a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been terminated on April 7, 2020 founded on accusations of him advising customers of Wells Fargo Advisors to purchase investments that were neither offered nor approved by the securities broker dealer. According to Wells Fargo, customers’ investment transactions…
Shelley Long Eddy (also known as Shelley Christie Eddy and as Shelley Christie Long) of Atlanta Georgia a stockbroker currently employed by PeachCap Securities Inc. and PeachCap Tax and Advisory LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $22,009.49 in damages founded on accusations of sales practice…
Steven Robert Luftschein (also known as Steven Lerner) a stockbroker formerly employed by Aegis Capital Corp has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Luftschein churned the accounts of Aegis Capital Corp customers and that (2) Luftschein defrauded investors. Department of Enforcement v. Steven R….
Dennis Phillip Ayre of Los Angeles California a stockbroker formerly employed by Oppenheimer Co. Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $20,823.06 in damages on March 27, 2020 founded on accusations that the customer was placed into an investment management service which carried risks beyond that…
Irene Padrick Engard (also known as Irene Pa Smith) of Federal Way Washington a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on her consent to findings that she failed to cooperate with FINRA personnel while she was under…
Terence Patrick Dolan Jr. of Miami Florida a stockbroker formerly employed by Benjamin Jerold Brokerage I LLC has been identified in a Financial Industry Regulatory Authority (FINRA) investigation in which it has been initially recommended by the regulator for Dolan to face disciplinary action for failing to supervise securities transactions. Investigation Nos. 20170539737 and 20170553345…
Shane Rene Falcon of Miami Florida a stockbroker currently registered with National Securities Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that the customer had been placed into a private placement which was not suitable for the customer when Falcon…
Terry Tzagarakis (also known as Terry Rakis) of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $6,645,956.00 in damages based upon accusations that (1) unauthorized transactions were effected in the customer’s account (2) stocks selected…
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 eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Kielczewski had been…
Richard Sica of Ridgefield Connecticut a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on March 30, 2020 in which the customer requested unspecified damages based upon allegations that the customer’s investment instructions were not followed by Sica in March of 2020…
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 arbitration claim where the customer sought $50,000.00 in damages based upon accusations that (1) due diligence was not properly performed prior to Cohen having recommended or sold direct investments to…
Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on March 2, 2020 where the customer sought $66,000.00 in damages based upon accusations that transactions were unsuitable for the customer and that misrepresentations were made by Fretz concerning…
Jason Nicholas Dukas of Clearwater Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved private securities transactions during the time that he…
Michael Christopher Martino of New York New York a stockbroker currently employed by Four Points Capital Partners LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $107,038.00 in damages founded on accusations that the customer’s account was mishandled by Martino between 2011 and 2017 while Martino was employed…
Dennis Robberecht (also known as Dennis Robreck and as Dennis Robbercht) of Roseville California a stockbroker currently associated with Hilltop Securities Inc. has been referenced in a customer initiated investment related written complaint on January 13, 2020 in which the customer requested $46,000.00 in damages supported by allegations that misrepresentations had been made about securities…
Nick Eugene Son of New York New York a stockbroker formerly associated with Aegis Capital Corp. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $642,224.00 in damages supported by allegations that fiduciary and contractual duties that were owed to the Aegis Capital Corp. customer had been breached…
SunTrust Investment Services a securities broker dealer headquartered in Atlanta Georgia has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that SunTrust failed to supervise the suitability of non-traditional exchange traded funds transactions in customer accounts. Letter of Acceptance Waiver and Consent No. 2018057530701 (May 1, 2020). According to…
Joseph William Tonyan of Springfield Missouri a stockbroker currently employed by SagePoint Financial Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought more than $5,000.00 in estimated damages founded on accusations of the SagePoint Financial customer’s investment portfolio having been allocated in a manner which was unsuitable for…
Kirk Badii of Los Angeles California a stockbroker formerly associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related complaint on April 17, 2020 in which the customer requested as much as $2,600,000.00 in damages supported by allegations that the customer had been advised by Badii to invest in inappropriate…
Dennis James Murphy of Red Bank New Jersey a stockbroker formerly employed by Monmouth 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 cooperate with FINRA’s investigation into allegations of unsuitable trades being executed in customer accounts. Letter…
Pasquale Vitucci (also known as Pat Vitucci) of Walnut Creek California a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $1,350,000.00 in damages based upon accusations that a fiduciary duty was breached by Vitucci in regard to a variable annuity transaction….
Harold Alan Schwartz (also known as Hal Schwartz) of Lutz Florida a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on January 27, 2020 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that the customer was placed into a unsuitable investment…
Leonard Charles Kinsman (Lenny Charles Kinsman) of Staten Island New York a stockbroker formerly associated with Wells Fargo Advisors Financial Network LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he intentionally failed to comply with FINRA when he was investigated for complaints…
Michael Packman of Westbury New York a stockbroker formerly employed by Axiom Capital Management Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $99,999.00 in damages founded on accusations that the customer had been sold unsuitable alternative investments from Packman during the period in which the stockbroker was…
Peter David Holler of Bristol Tennessee a stockbroker employed by Securities Service Network LLC is the subject of a customer initiated investment related written complaint on February 27, 2020 in which the customer requested $855,000.00 in damages based upon allegations that the customer had been placed into unregistered Woodbridge securities by Holler during the time…
Karen Denise Clark-Kocinski of Bloomingdale Illinois a stockbroker formerly registered with State Farm VP Management Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to comply with FINRA personnel during the period that she was being investigated for misappropriating funds belonging…
Donald Logan of Silverdale Washington a stockbroker registered with Waddell Reed Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon accusations that the customer was poorly advised by Logan as it pertained to a variable universal life insurance policy that the customer purchased…
Andrew Todd Yocum of Lady Lake Florida a stockbroker registered with Morgan Stanley is the subject of a customer initiated investment related complaint on April 25, 2018 in which the customer requested unspecified damages based upon allegations that energy stock trades effected in the customer’s account by Yocum between 2014 and 2016 were not suitable…
Joel Nathan Burstein Jr. of Coral Gables Florida a stockbroker associated with Raymond James Associates Inc. is the subject of a customer initiated investment related civil action brought in the United States District Court in which the customer requested damages in connection with a $21 million Ponzi scheme involving Burstein. Civil Action No. 2:17-cv-crf-00061 (Mar….
Donald George Padilla of Alhambra California a stockbroker formerly registered with Kestra Investment Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to comply with an Arbitration Award or otherwise respond to a FINRA request concerning his compliance with that…
Gary David Ginsberg of West Orange New Jersey a stockbroker registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which has been settled for $12,500.00 in damages based upon allegations that real estate security transactions effected by the stockbroker at Royal Alliance Associates were not suitable given…
James Garland Kennedy Jr. (also known as Jim Kennedy) of Madison Mississippi a stockbroker formerly registered with Woodbury Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA personnel when he was being investigated…
Zachary Evan Feinsilver of North Miami Florida a stockbroker registered with FMSbonds Inc. is the subject of a customer initiated investment related complaint on March 7, 2019 where the customer sought $33,000.00 in damages based upon accusations that the customer was poorly advised by Feinsilver regarding a municipal debt investment during the period in which…
Sanjay Mathur (also known as Sanjay Mather) of Newport Beach California a stockbroker currently employed by Wells Fargo Advisors has been identified in a customer initiated investment related complaint on December 9, 2019 where the customer sought unspecified damages founded on accusations including that the customer was advised to buy foreign equities prior to there…
Mark Allen Barrand of Highland Ranch Colorado a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $65,000.00 in damages based upon allegations including negligence and the breach of a fiduciary duty as it pertained to Barrand’s sale of limited partnership…
Dwight Clyde West of Lone Tree Colorado a stockbroker registered with UBS Financial Services is the subject of a customer initiated investment related complaint on March 7, 2019 in which the customer requested $10,000.00 in damages based upon allegations that the risks of transactions effected by the stockbroker between 2013 and 2018 had exceeded the…
Laura Ortega Shean (also known as Laura O. Provost and as Laura Ortega Provost) of Medford Oregon a stockbroker registered with LPL Financial LLC has been barred from working as a stockbroker or investment adviser representative and fined $30,000.00 by Oregon Division of Financial Regulation based upon allegations which include the stockbroker’s misappropriation of a…
Brian Joseph Harte of Alexandria Virginia a stockbroker currently registered with E1 Asset Management Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that unauthorized transactions were effected by him in the account of E1 customers. Letter of Acceptance Waiver and Consent No. 2018059689101…
Richard Grant Cody of Spring Lake New Jersey on November 9, 2018, pleaded guilty to one count of investment adviser fraud; conduct violative of 15 U.S.C. § 80b-6 and 80b-17. United States v. Richard G. Cody Case No. 1:17-cr-10291-FDS. Cody lied to customers about the security of their retirement savings and had provided customers with…
John Edward Massa of Staten Island New York a stockbroker associated with Cetera Investment Services has been referenced in a customer initiated investment related arbitration claim which was settled for $20,000.00 in damages supported by allegations including (1) negligence (2) breach of fiduciary duty (3) breach of contract and (4) fraud in violation of Securities…
Moloney Securities Co. Inc. a securities broker dealer headquartered in Manchester Missouri has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that Moloney failed to supervise its stockbrokers with a view towards ensuring that their transactions were suitable for customers. Letter of Acceptance Waiver and Consent No. 2015046315102 (May…
James Anthony Parrelly (also known as Jim Anthony Parrelly) of Dearborn Michigan a stockbroker currently registered with Investment Planners Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in customer accounts. Letter of Acceptance…
Kevin Lawrence Barbalace of Middletown New Jersey a stockbroker associated with Dawson James Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that investment recommendations were not suitable and that misrepresentations and omissions had been made about direct participation program interests…
Donald Stephen Woods (also known as Don Stephan Woods) of Louisville Kentucky a stockbroker formerly registered with LPL Financial has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woods provided unsuitable investment recommendations to customers and had submitted…
Sean Michael Refsnider of Haddon Heights New Jersey a stockbroker formerly registered with Ameriprise Financial Services Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that she converted funds belonging to a customer of Ameriprise. Department of Enforcement v. Sean Michael Refsnider Disciplinary Proceeding No. 2019063790901 (Apr….
Paul David Weiss of Miami Florida a stockbroker formerly registered with Mora WM Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Weiss engaged in two outside business activities which were not reported to the securities broker dealer…
David Richard Geake of Northbrook Illinois a stockbroker formerly registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that (1) misrepresentations and omissions had been made by Geake regarding alternative investments (2) due diligence was not…
Elizabeth Ann Thompson (also known as Beth Thompson and as Liz Thompson) of Gloucester Massachusetts a stockbroker formerly employed by Citizens Securities Inc. has been identified in a customer initiated investment related complaint on March 5, 2019 where the customer sought $53,000.00 in damages founded on accusations of omissions by Thompson relating to the customer’s…
George Louis McCaffrey III of Englewood Colorado a stockbroker formerly associated with NTB Financial Corporation has been referenced in a customer initiated investment related complaint on May 14, 2019 in which the customer requested $290,000.00 in damages supported by allegations of the customer being inappropriately advised by McCaffrey to use individual retirement account funds to…
Jonathan J. Miller of New York New York a stockbroker currently registered with Joseph Stone Capital LLC is the subject of a customer initiated investment related complaint which was settled on December 14, 2018 for $39,077.15 in damages based upon allegations of omissions or misrepresentations relating to the quantity of over-the-counter equities shares purchased for…
Albert Harkless III of Temple Hills Maryland 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 consenting to findings that he converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2018060290901 (Apr. 20, 2020). According to…
Ricardo William Cabrera (also known as Rick Cabrera) of Henderson Nevada a stockbroker formerly associated with GF Investment Services LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $14,000.00 in damages supported by allegations that Cabrera’s recommendations of alternative investments including business development companies and real estate securities…
Steven Pagartanis (also known as Steve Pagartanis) of Setauket New York a stockbroker registered with Lombard Securities Incorporated has been sentenced by a United States District Judge to 170 months behind bars as a result of the stockbroker pleading guilty to conspiring to commit wire and mail fraud as part of carrying out a securities…
Robert Renteria (also known as Roberto Herrera) of El Paso Texas 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 Renteria lied to FINRA about borrowing from a customer of PFS Investments. Letter of Acceptance Waiver…
Eli Jacob Sanchez of San Antonio Texas a stockbroker registered with Edward Jones is the subject of a customer initiated investment related complaint on December 10, 2018 in which the customer requested unspecified damages based upon allegations of bad advice by Sanchez as it pertained to the Lincoln ChoicePlus Fusion O Share Annuity that was…
William Michael Robertson of Denver Colorado a stockbroker registered with First Allied Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $8,000.00 in damages based upon accusations of (1) negligence (2) breach of a fiduciary duty (3) unsuitable real state security transactions and (4) First Allied Securities’ failure…
Allan Perry Montalbano of Garden City New York a stockbroker formerly employed by National Securities Corporation and Worden Capital Management LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $160,000.00 in damages founded on accusations of (1) breach of a contract governing the customer’s stock trades at National…
Jeffrey Hall Heely of Beverly Hills California a stockbroker formerly registered with NMS Capital Advisors 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 he engaged in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No. 2019063224501 (Apr….
Richard Alan Shotz of Daytona Beach Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that the stockbroker either failed to comply with a customer initiated investment related arbitration award or settlement…
Bernard George Adair (also known as Bernie Adair) of Old Greenwich Connecticut a stockbroker employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $550,000.00 in damages founded on accusations that misrepresentations were made about investing and that the customer had been…
David Weisberg of New York New York a stockbroker formerly registered with Worden Capital Management LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable and excessive trades in the account of a Worden Capital Management…
Frank Anthony Dinucci Jr. of New York New York a stockbroker associated with AOC Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealers or investment advisers according to an SEC Order founded on Dinucci pleading guilty to…
Marcus E. Boggs of Chicago Illinois a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from being a stockbroker or investment adviser representative or associating with securities broker dealers or investment advisories based upon a Securities and Exchange Commission (SEC) Order based upon allegations of Boggs stealing $1.7 million investor funds….
Jeff Anton Nizich a stockbroker associated with U.S. Bancorp Investments has been referenced in a customer initiated investment related complaint on September 12, 2019 in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that due diligence was not adequately performed prior to mutual fund transactions being effected by the stockbroker during…
Jonathan Scot Zwickel of Houston Texas a stockbroker formerly registered with Clinger Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zwickel failed to cooperate with FINRA during the course of an investigation into allegations of the stockbroker’s undisclosed outside business activities….
Bernardo Misseri (also known as Brendan Misseri) of Staten Island New York a stockbroker employed by Legend Securities has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations that the stockbroker failed to comply with a customer initiated investment related arbitration award or settlement…
Sean Aaron Brady of Saint Louis Missouri a stockbroker registered with First Allied Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages based upon accusations of the customer being defrauded on direct participation program interests or limited partnership interests sold by Brady between 2012…
Charles Lawrence Doraine of Corpus Christi Texas a stockbroker formerly registered with NEXT Financial Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Doraine neglected to cooperate with the regulator during the course of an investigation into his allegedly unsuitable investment advice….
Mariondy Fernandez (also known as Mariondy Fernandez Parades) of Dorchester Massachusetts a stockbroker registered with Santander Securities LLC is the subject of a customer initiated investment related arbitration claim which settled for $140,000.00 in damages based upon allegations that (1) transactions effected in the customer’s account were not suitable for the customer (2) fiduciary and…
Bryan Edwin Benson of Tucson 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 consenting to findings that he did not cooperate with a FINRA investigation concerning a customer complaint. Letter of Acceptance Waiver and…
Regan Allen Rohl of Fargo North Dakota a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged on March 11, 2020 based upon allegations that he traded in Wells Fargo customer accounts without authorization and did not abide by the expectations that Wells Fargo set forth while he was under heightened…
Steve Jun Lu of Altadena California 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 upon consenting to findings that he lied to the securities broker dealer about his relationships and fiduciary responsibilities with an elderly and disabled…
Ian M. Deliz Morales of Tampa Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer sought $750,000.00 in damages based upon accusations that municipal bonds sold by Morales were in no way suitable for the customer of Morgan Stanley. Financial Industry Regulatory Authority…
Curtis Lee Howard (also known as Curt Howard) of Sapulpa Oklahoma a stockbroker formerly employed by Edward Jones has been identified in a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages founded on accusations that (1) a fiduciary duty that was owed to the customer had been breached by Howard…
Chams Khwaja (also known as Sean Khwaja) of Melville New York a stockbroker formerly registered with Worden Capital Management LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to comply with a FINRA investigation into allegations of his unapproved outside business activities. Department of Enforcement v. Chams…
Jay Allan Ambroson of Garden City New York a former president and director of Gould Ambroson Associates Ltd. is the subject of a customer initiated investment related arbitration claim which was settled for $107,991.00 in damages based upon allegations including fraud and the violation of California Securities Act by Ambroson as it pertained to private…
William David Hobby of Atlanta Georgia a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $130,000.00 in damages based upon allegations that between 2014 and 2018: (1) trades were effected in the customer’s account by the stockbroker without the customer’s…
Scott William Palmer of Hackensack New Jersey a stockbroker employed by Janney Montgomery Scott LLC has been identified in a customer initiated investment related complaint on April 23, 2019 where the customer sought $414,736.31 in damages founded on accusations that the customer was provided with defective investment advice from Palmer during the time that he…
James William Flower (also known as Jim Flower) of Melville New York a stockbroker formerly registered with SW Financial has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that the stockbroker excessively traded and churned the accounts of five SW Financial customers causing them grave losses at the same…
Daniel Todd Lerner of New York New York a stockbroker registered with David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that (1) David Lerner Associates failed to supervise Daniel Lerner (2) a fiduciary duty that was owed to the…
Roger Charles Faubel of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker failed to comply with an arbitration award or settlement agreement or otherwise confirm his compliance…
Lawrence E. Hagedorn of Andover Kansas a stockbroker registered with ON Equity Sales Company and ON Investment Management has been barred by the Office of the Kansas Securities Commissioner from working as a stockbroker or investment adviser representative and has been fined $50,000.00 and ordered to pay $102,500.00 in restitution based upon allegations that the…
Charles James Euler Jr. of Radnor Pennsylvania a stockbroker formerly registered with Janney Montgomery Scott LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with the regulator during an investigation into allegations against Euler of unsuitable recommendations….
Joe Percy Medrano of Golden Colorado a stockbroker formerly registered with LPL Financial LLC and Greenstar Advisors LLC is the subject of a Colorado Division of Securities Consent Licensing Order on January 2, 2020 in which he was placed on heightened supervision for three years. Medrano has also been ordered to cease and desist violating…
Lisa Acca of Bay Ridge New York a stockbroker formerly employed by Arive Capital Markets has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to testify for FINRA and failing to provide information or documentation to the regulator while…
Piero Benjamin Dilorenzo of Melville 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 based upon consenting to findings that he failed to cooperate with FINRA personnel during the period in which he was under investigation for engaging…
Stuart Myles Godin (also known as Stu Godin) of Los Angeles California a stockbroker employed by Western International Securities Inc. has been discharged on April 6, 2020 based upon allegations that Godin borrowed funds from a Western International Securities customer. Godin is the subject of seven customer initiated investment related disputes pertaining to allegations of…
Zachary William Shapiro (also known as Zak William Shapiro) of Los Angeles California a stockbroker formerly associated with Oppenheimer Co. Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $287,074.00 in damages supported by allegations that (1) the customer’s account had been churned by the stockbroker for…
Kwasi Mensah Aggor of Providence Rhode Island a stockbroker formerly registered with TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to cooperate with FINRA’s investigation into allegations of him selling away from TD Ameritrade. Letter of…
Stephen Allen Murray of Palm Beach Gardens Florida a stockbroker associated with Raymond James Financial Associates has been suspended from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to comply with an arbitration award filed against him by Raymond James. FINRA Case No. 18-02556 (Apr. 2, 2019). This…
Rafael Golan (also known as Rafi Golan) of Delray Beach Florida a stockbroker registered with Crystal Bay Securities Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that the stockbroker failed to respond to FINRA’s request for his information. Case No. 2019060635701…
Gregory John Stouffer of New York New York a stockbroker formerly registered with Gregory John Stouffer has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to furnish information and documentation to FINRA when he was under investigation. Letter of Acceptance…
Harry Seth Datys of New York New York a stockbroker associated with WestPark Capital has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on December 20, 2019 into allegations that the stockbroker schemed to defraud investors through his offer and sale of Westpark Capital Financial Services LLC securities. FINRA Investigation No….
Brian Douglas Engstrom (also known as Brian Douglas Cordes) of Pensacola Florida a stockbroker formerly registered with Oppenheimer 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 based upon consenting to findings that he provided bad investment recommendations to his…
Alexander Jon James of Palm Beach Gardens Florida a stockbroker formerly registered with Voya Financial Advisors has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and private securities transactions…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on February 10, 2020 in which the customer requested $172,000.00 in damages based upon allegations that the customer was provided with bad investment advice about two real estate investment…
Christine Louise Cantone (also known as Christine L. Gefken) of Eatontown New Jersey a Vice President and Chief Compliance Officer of Cantone Research Inc. is the subject of a customer initiated investment related complaint which was resolved on February 14, 2019 for $42,500.00 in damages based upon accusations of Christine Cantone’s failure to supervise a…
Xiangyu Yu Zhang (also known as Sean Zhang) of Alhambra California a stockbroker formerly registered with Cetera Investment Services is the subject of a customer initiated investment related complaint which was settled on December 2, 2019 for $4,479.01 in damages based upon allegations that misrepresentations were made to the customer concerning real estate investment trusts…
James Travis Flynn (also known as Jim Flynn) of Greenville South Carolina a stockbroker formerly associated with Voya Financial Advisors Inc. and IFS Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that misrepresentations and omissions had been made to the…
Scott Michael Rosenberg of New York New York a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,200,000.00 in damages based upon accusations that (1) the customer was provided with unsuitable investment recommendations between 2016 and 2020 concerning the…
Clare Marie Cail (also known as Clare Marie McGovern) of Manchester New Hampshire 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 she altered customer account documentation. Letter of Acceptance Waiver…
Edward Joseph Bosch Sr. of Florence Kentucky a stockbroker formerly registered with Signator Investors Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that misrepresentations were made to the customer about a variable annuity that Bosch sold during the…
Darren Wayne Oglesby of Oakdale Minnesota a stockbroker currently associated with Money Concepts Capital Corp has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that (1) a fiduciary duty that was owed to the customer had been breached by Oglesby (2) a…
Gregory Spencer O’Brien of New York New York a stockbroker formerly employed by Aegis Capital Corp has been identified in a customer initiated investment related complaint on April 12, 2019 where the customer sought $153,300.00 in damages founded on accusations that margin was inappropriately utilized to effect securities transactions for the customer’s Aegis Capital Corp…
Northwestern Mutual Investment Services a securities broker dealer headquartered in Milwaukee Wisconsin has been censured and fined $350,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Northwestern Mutual failed to supervise a stockbroker who converted customer funds. Letter of Acceptance Waiver and Consent No. 2017054642101 (Apr. 7, 2020). According to the AWC, five…
Charles Bernard Lynch Jr. (also known as Charlie Bernard Lynch) of Irvine California a stockbroker formerly employed by Wells Fargo Advisors LLC (now known as Wells Fargo Clearing Services LLC) has been identified in a customer initiated investment related complaint which was resolved on January 18, 2019 for $50,000.00 in damages founded on accusations that…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corp is the subject of a customer initiated investment related written complaint on January 15, 2020 in which the customer requested $123,000.00 in damages based upon allegations that the customer had been placed into a unsuitable real estate investments by Fasciglione during…
David Michael Murray of New York New York a stockbroker currently employed by Worden Capital Management LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $174,991.00 in damages founded on accusations of (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) suitability (5)…
Timothy Brent Hetrick of Boise Idaho a stockbroker formerly registered with US Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that the stockbroker failed to cooperate with FINRA personnel during the period that he was under investigation for forging customers’…
Marc S. Strafaci (also known as Marr S. Strafari) of Parsippany New Jersey a stockbroker employed by Hennion Walsh Inc. has been identified in a customer initiated investment related arbitration claim which was settled to resolve accusations that municipal bond trades which were purchased by Strafaci in the customer’s Hennion Walsh account failed to be…
Peter David Maller of Hunt Valley Maryland a stockbroker registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that the customer fell victim to deceptive and unsuitable practices by Maller as the customer’s life savings had been placed…
Alan Harold New of Fort Wayne Indiana a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that New neglected to provide information and documentation to the regulator during an investigation into allegations of New’s sale…
Gregory Alan Ricker of Boca Raton Florida a stockbroker registered with WestPark Capital Inc. is the subject of a customer initiated investment related complaint which was resolved on September 17, 2019 for $22,500.00 in damages based upon accusations that transactions were unsuitable for the customer and that the customer’s equity portfolio had been churned by…
Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision issued by FINRA Office of Hearing Officers containing findings that Jenney failed to comply with FINRA’s requests during the period…
Kenneth Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $103,664.82 in damages founded on accusations that (1) the stockbroker’s negligence resulted in the customer’s losses (2) a fiduciary duty was breached by Balser (3)…
Brian Christopher Rieman of Parsippany New Jersey a stockbroker associated with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $19,000.00 in damages supported by allegations that Rieman’s investment recommendations failed to be suitable for the customer during the period in which the stockbroker was employed…
Mack Leon Miller (also known as Mark Miller) of New York New York a stockbroker registered with Spartan Capital Securities LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected excessive trades or churned a customer’s account causing the customer…
Larry Glenn Boggs of Birmingham Alabama a stockbroker formerly employed by First Allied Securities Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages founded on accusations of (1) the violation of Alabama Deceptive Trade Practices Act (2) breach of a contract pertaining…
Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife 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 Decision containing findings that (1) a senior customer had been exploited by Orlando for financial purposes (2) bad…
Eric Daniel Silvestre of Santa Monica California a stockbroker formerly associated with JP Morgan Securities LLC has been referenced in a customer initiated investment related complaint which was settled on December 5, 2019 for $47,217.54 in damages supported by allegations that between March 14, 2018 and June 27, 2019, options transactions were facilitated in the…
Scott Blake Mintz of Hartford Connecticut a stockbroker currently associated with UBS Financial Services Inc. is the subject of a Consent Order issued by the Massachusetts Securities Division in which the stockbroker has been sanctioned based upon allegations of his exercise of discretion in the accounts of UBS Financial Services customers without advanced written permission…
Mark Joseph Boucher of Carlsbad California a stockbroker formerly registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint which was settled on January 24, 2020 for $542,444.83 in damages based upon allegations that (1) the customer’s signature had been forged by Boucher and (2) the customer’s…
Jennifer Lillian Basey (also known as Jennifer Lillian Hilliard) of Fort Myers Florida a stockbroker formerly registered with Edward Jones has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she forged customers’ signatures to effect fund…
Christopher Thomas Tolmacs (also known as Chris Tolmacs) of Portage Michigan a stockbroker formerly registered with Triad Advisors Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $95,000.00 in damages based upon allegations that (1) the customer was placed in bad alternative investments including business development company (BDC)…
Dennis James Murphy of Red Bank New Jersey a stockbroker formerly employed by Woodstock Financial Group has been identified in a customer initiated investment related arbitration claim where the customer sought $21,982.00 in damages founded on accusations of the customer being defrauded on over-the-counter equities trades effected by Murphy when he was associated with Woodstock…
James Andrew Geake (also known as Jim Geake) of Skokie Illinois a stockbroker employed by Madison Avenue Securities LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $17,500.00 in damages founded on accusations that (1) misrepresentations were made to the Madison Avenue Securities customer concerning real estate securities…
Charles Henry Postel (also known as Chuck Postel) of Westlake Ohio a stockbroker formerly registered with Stifel Nicolaus Company Incorporated 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 the stockbroker effected unauthorized transactions in customer accounts. Letter of Acceptance Waiver…
Bryon Edwin Martinsen of Kings Park New York a stockbroker associated with Centaurus Financial Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the stockbroker’s investment recommendations failed to be suitable for the Centaurus Financial customer. Financial Industry Regulatory Authority (FINRA)…
Jingbo Pan of Wilmington Delaware a stockbroker registered with Coastal Equities Inc. has been discharged by the securities broker dealer on February 13, 2020 based upon allegations that Pan neglected to abide by its procedures and policies. According to Coastal Equities, Pan failed to obtain authorization from the securities principal before he submitted an order…
Robert Douglas Armstrong of Boca Raton Florida a stockbroker registered with Dawson James Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages based upon accusations that (1) promissory statements and misrepresentations were made to the customer by Armstrong regarding direct participation programs and limited…
Coleman Joseph Devlin of Baltimore Maryland a stockbroker registered with Stifel Nicolaus Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $11,500,000.00 in damages supported by allegations of the customer being defrauded and incurring losses because of investments including options and over-the-counter equities sold by Devlin during…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Vietor sold unregistered securities away from his securities broker dealer employers including CFD Investments as well as Cape Securities and Oakbridge…
Jose Angel Arizmendi of Encino California a stockbroker associated with Silber Bennett Financial Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to the regulator’s request for information about his activities. FINRA Case No. 2018057324301 (Dec….
Glen Derek Delaney of New York New York a stockbroker formerly registered with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that the stockbroker failed to respond to FINRA’s request for information about his activities. FINRA Case No. 2017054192101 (Feb. 11,…
Vincent Charles Meleco of Albany New York a stockbroker registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related complaint on September 24, 2019 in which the customer requested $123,000.00 in damages based upon allegations that omissions were made to the customer by the stockbroker and that the customer had…
Billy Hai Zhang of Los Angeles California a stockbroker formerly registered with AXA Advisors 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 Zhang was the subject of a customer initiated investment related complaint which he settled away from AXA…
Arnold Mariampolski of Woodbury New York a stockbroker formerly registered with AXA Advisors LLC has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to respond to its request for information about his activities. Case No. 2018061016801 (June 11, 2019)….
Mark Angelo Senofonte of Toms River New Jersey a stockbroker registered with Cetera Investment Services is the subject of a customer initiated investment related complaint on September 6, 2019 in which the customer requested $75,000.00 in damages based upon allegations that the customer’s fixed annuity had been liquidated without the customer’s consent and that the…
Pratol Victor Agnihotri of Melville New York a stockbroker associated with SW Financial has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on October 18, 2019 in which he may face disciplinary action for possibly converting funds belonging to investors and for engaging in undisclosed outside business activities. FINRA Investigation No….
Anthony Sica of New York New York a stockbroker registered with Joseph Gunnar Co. LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that private placements were sold by Sica without reasonable supervision from Joseph Gunnar and that those investments failed…
Bryan Gabriel Mazliach of Fort Lauderdale Florida a stockbroker associated with Laidlaw Company and Westpark Capital has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on September 27, 2019 in which the regulator recommended that the stockbroker be disciplined for allegedly making unsuitable and unauthorized trades in investor accounts. Wells Notice…
Steven Dale Rodemer of Pueblo Colorado 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 based upon consenting to findings that he failed to cooperate with FINRA while he was the subject of an investigation into allegations of his…
Carl George Antaki of Melville New York a stockbroker formerly employed by First Standard Financial Company LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of bad stock trades being executed in the customer’s account during the time that Antaki was employed…
Geraldine Gordon of Lexington Kentucky a stockbroker currently associated with Ameriprise Financial Services Inc. has been referenced in a customer initiated investment related complaint on December 10, 2018 in which the customer requested $149,980.77 in damages supported by allegations that closed end mutual fund recommendations made by Gordon failed to be suitable for the Ameriprise…
Norman Gary Price of Gig Harbor Washington a stockbroker formerly associated with RP Capital LLC, Genesis Capital LLC and Aequitas Commercial Finance LLC has been fined $75,000.00 and barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment adviser according…
Demaurio Cortez Clark of Acworth Georgia 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 he converted an elderly Wells Fargo customer’s funds. Letter of Acceptance Waiver and Consent No. 2019064268201 (Mar. 27, 2020)….
Joseph Ismael Rodriguez of Parsippany New Jersey a stockbroker currently employed by Hennion Walsh Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages founded on accusations that the customer was provided with defective investment advice regarding investments including unit investment trusts and mutual funds between…
Brian Joseph Lockett of Lynnwood Washington a stockbroker formerly employed by Geneos Wealth Management Inc. has been fined $5,000.00 and suspended for forty-five days from associating with any FINRA member in any capacity founded on Lockett taking part in unpermitted private securities transactions during the time that he was associated with Geneos Wealth Management. Letter…
Dustin Michael Blount of Vicksburg Mississippi a stockbroker formerly associated with MML Investors Services LLC has been barred from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. Case No. 2019061481901 (Mar. 9, 2020). According to FINRA Public Disclosure, Blount was not…
William James Hite of Stratford Connecticut a stockbroker formerly registered with NYLife Securities 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 consenting to findings that he forged a customer’s signature to effect an annuity exchange. Letter of Acceptance Waiver…
John Charles Wyshak of Los Angeles California a stockbroker formerly registered with Raymond James Associates Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide information to FINRA after it was requested of him. Case No. 2018057445601 (Feb. 3, 2020)….
Cory Ryan Burnell of Valley Springs Colorado a stockbroker formerly employed by LPL Financial LLC and Blueprint Wealth Partners LLC has been ordered by California Department of Business Oversight to cease and desist violating securities laws or regulations and has been suspended for twelve months from engaging in investment advisory business in the State of…
Derek Michael Nierman of Scottsdale Arizona a stockbroker formerly employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $98,750.00 in damages founded on accusations that the customer was steered by Nierman towards investing in a real estate investment but the customer’s funds had…
Ashley K. Martin (also known as Ashley Heather Krueger) of Leawood Kansas 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 consenting to findings that she neglected to furnish documents and information to the regulator when she was under…
James Thomas Booth of Norwalk Connecticut a stockbroker employed by Invest Financial Corporation and LPL Financial LLC is the subject of an Order to Cease and Desist by the Banking Commissioner of the State of Connecticut based upon allegations that Booth engaged in fraudulent activities and had misappropriated funds belonging to customers of Invest Financial…
Robert John Murray (also known as Bob Murray) of Melville New York a stockbroker associated with SW Financial has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to the regulator’s request for information. FINRA Case No. 2019061942401…
Anil Ishwar Jethmal of Boca Raton Florida a stockbroker registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages based upon accusations of (1) negligence concerning stock trades effected in the customer’s Newbridge Securities Corporation account (2) breach of a fiduciary duty…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Dewes’ failure to comply with the regulator during an investigation into his possible outside business activities and private…
Scott Allen Damico of Irving Texas a stockbroker registered with Capital One Investing LLC is the subject of a customer initiated investment related complaint on January 30, 2019 where the customer sought no less than $5,000.00 in damages based upon accusations that the customer was steered by Damico towards purchasing an investment that failed to…
Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer of LPL Financial without authorization and had…
Leonard Joseph Marzocco (also known as Lenny Marzocco) of Garden City New York a stockbroker formerly associated with Spartan Capital Securities has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on October 14, 2019 which has led to FINRA’s preliminary determination to recommend that Marzocco face disciplinary action for possibly making…
Michael Edward Fitzgerald of Cincinnati Ohio a stockbroker associated with Morgan Stanley Smith Barney has been referenced in a customer initiated investment related arbitration claim which was settled for $68,000.00 in damages supported by allegations that stock trades that were facilitated in the customer’s account by Fitzgerald failed to be suitable for the Morgan Stanley…
William Christian Gennity (also known as Billy Gennity) of Staten Island New York a stockbroker formerly registered with First Standard Financial Company LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that the stockbroker failed to comply with a FINRA Arbitration Award in which…
Steven Harris of Burr Ridge Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. is the subject of a Financial industry Regulatory Authority (FINRA) Complaint alleging that (1) Harris engaged in outside business activities and (2) Harris falsified documents and testimony while he was investigated by FINRA personnel for his outside activities. Department of…
David Lance Hall of Bakersfield California a stockbroker formerly registered with State Farm VP Management Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hall avoided cooperating with FINRA during the time that he was investigated for failing to comply with State Farm’s…
Christopher David Sinkula of Stuart Florida a stockbroker formerly employed by Janney Montgomery Scott LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $132,000.00 in damages founded on accusations that common or preferred stock transactions were unsuitable for the customer when the stockbroker was employed by Janney Montgomery…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly associated with First Allied Securities Inc. is the subject of a customer initiated investment related complaint on January 21, 2020 in which the customer requested $30,636.16 in damages based upon allegations of the stockbroker misrepresenting an annuity sold to the First Allied Securities customer. Westenbarger…
Brenda Ann Smith (also known as Brenda Smith Peterman) of West Conshohocken Pennsylvania a stockbroker and investment advisor formerly associated with CV Brokerage Inc., Broad Reach Capital LP and Bristol Advisors LLC is named in a Securities and Exchange Commission (SEC) Complaint alleging that Smith and the companies she controlled had defrauded investors who purchased…
Frederic Thomas O’Hara (also known as Ted O’Hara) of Burnt Hills New York a stockbroker formerly registered with SagePoint Financial Inc. has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) O’Hara engaged in undisclosed outside business activities…
David Martin Martirosian of New York New York a stockbroker currently associated with Joseph Stone Capital LLC has been referenced in a customer initiated investment related complaint which was settled on December 14, 2018 for $39,077.15 in damages supported by allegations of the customer being misled with regard to Fat Brands Inc. stock purchases effected…
William Nicholas Athas of Melville New York a stockbroker formerly registered with KC Ward Financial is the subject of a customer initiated investment related arbitration claim which was resolved for $95,000.00 in damages based upon accusations that the customer was defrauded. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00213 (Feb. 22, 2018). According to the…
Michael Allan Bressman of Chatham New Jersey a stockbroker formerly registered with FCG Advisors LLC has been barred from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. FINRA Case No. 2019061168201 (Jan 13, 2020). According to FINRA Public Disclosure, Bressman was…
James Blake Daughtry of Dothan Alabama 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 consenting to findings that he failed to cooperate with a FINRA investigation into allegations of his possible unauthorized transactions and fraudulent activities in…
Jeffrey Raymond Dixson of Vancouver Washington a stockbroker formerly registered with Madison Avenue Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that (1) due diligence was not adequately performed on alternative investments including GPB that had been sold to the…
Ricky Alan Mantei of Lexington South Carolina a stockbroker and branch manager of Centaurus Financial Inc. (also known as JP Turner Company) is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that (1) a fiduciary duty that was owed to the customer had…
Kevin Richard Graetz of New York New York a stockbroker employed by Paulson Investment Company LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $225,000.00 damages founded on accusations that the customer was placed into unregistered and fraudulent investments during the time that Graetz was employed by Paulson…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker currently registered with Madison Avenue Securities LLC has been identified in a customer initiated investment related arbitration claim in which the customer requested $90,000.00 in damages based upon allegations of the customer sustaining losses from Madison Avenue Securities’ failure to supervise the sale of Woodbridge Notes…..
Lyle Jude Boudreaux of Houston Texas a stockbroker formerly associated with Independent Financial Group LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $384,732.00 in damages supported by allegations that the stockbroker’s exchange traded fund transactions failed to be suitable for the customer. Financial Industry Regulatory Authority…
George Craig Merhoff Jr. of Klamath Falls Oregon a stockbroker associated with Cetera Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $43,000.00 in damages based upon allegations of Merhoff’s unsuitable stock trading. FINRA Arbitration No. 20-00551. According to the claim, transactions were negligent and violative…
Scott Patrick Kozak of Highlands Ranch Colorado a stockbroker formerly registered with Cetera Advisors 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 consenting to findings that he engaged in undisclosed private securities transactions and outside business activities. Letter…
Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights Texas a stockbroker registered with Intervest International Equities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages based upon accusations that the customer was sold inappropriate real estate security, mutual fund and equipment leasing…
Christopher Joseph Marnelego of Staten Island New York a stockbroker formerly registered with First Standard Financial has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to respond to the regulator’s request for information. FINRA Case No. 2016047624301 (Mar. 1,…
Halil Kozi (also known as Hal Kozi) of New York New York a stockbroker formerly registered with PHX Financial Inc. has been suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $93,000.00 in damages based upon accusations that (1) Izaguirre lacked appropriate supervision from the securities broker dealer concerning his real estate securities transactions (2) information relating…
Brian David Schwartz of New York New York a stockbroker currently registered with HSBC Securities (USA) Inc. is the subject of a customer initiated investment related complaint which was settled on July 30, 2019 for $11,105.25 in damages based upon allegations that the amount of stock Schwartz purchased in an initial public offering failed to…
Quincy DeEarl Caldwell of Katy Texas a stockbroker formerly registered with PlanMember Securities 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 the stockbroker gave customers bad investment advice concerning mutual funds and had caused them to…
Tamara Rae Steele (also known as Tammie Steele) of Pendleton Indiana a stockbroker formerly registered with APW Capital Inc. (now known as Comprehensive Asset Management and Servicing Inc.) has been referenced in a customer initiated investment related arbitration claim in which the customer requested $353,500.00 in damages supported by allegations that the customer was sold…
Edward Anthony Torres of Anaheim California a stockbroker currently employed by Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on November 6, 2019 in which the customer requested $22,169.16 in damages based upon allegations that the customer was provided with poor investment advice by Torres in regards to the…
Neil Vinod Mehta of Pompano Beach Florida a stockbroker formerly associated with JP Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages based upon accusations that the customer was poorly advised by Mehta regarding mutual funds held in the customer’s account during the period…
Danilo Dereck Fuentes of Dayton Maryland a stockbroker employed by Dawson James Securities Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $1,377,280.02 in damages founded on accusations that (1) transactions were effected by Fuentes without authorization and without Dawson James’ supervision (2) misrepresentations had been made to…
Charles Henry Frieda, Jr. of Irvine California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related complaint which was resolved on February 28, 2019 for $20,000.00 in damages based upon accusations of unsuitable energy securities recommended by the stockbroker between 2014 and 2018 while associated with…
Christopher Stephen Jorgensen of Setauket New York a stockbroker formerly employed by Summit Brokerage Services Inc. has been identified in a customer initiated investment related arbitration claim which has been resolved for $70,000.00 in damages founded on accusations of unauthorized trading and overconcentration of the customer’s assets in investments including (1) exchange traded funds (2)…
Kurt Louis Hoffer of Charlotte North Carolina a stockbroker associated with Summit Brokerage Services Inc. has been referenced in a customer initiated investment related arbitration claim which has been settled for $45,366.00 in damages supported by allegations that the customer sustained unwarranted losses from being placed into unsuitable investments including VXX Fund between 2015 and…
Terrence Edward Bonk of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Bonk borrowed money from a customer of Feltl Company without the securities broker…
Jordan John Boyle of Saratoga Springs Utah a stockbroker currently registered with LPL Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that the customer had been poorly advised as it pertained to real estate securities sold by Boyle between 2014…
Jill Marie Cody (also known as Jill Marie Tramontano) of Spring Lake New Jersey a stockbroker associated with Westminster Financial Securities Inc. and Concorde Investment Services LLC has been referenced in a customer initiated investment related arbitration claim which has been settled for $125,000.00 in damages supported by allegations that (1) misrepresentations were made to…
Joseph Morris Thurnherr of New York 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 consenting to findings that Thurnherr failed to furnish information to FINRA personnel when a customer’s complaint alleging Thurnherr’s misconduct was…
Scott Douglas Williams of Franklin Tennessee a stockbroker formerly employed by LPL Financial has been identified in a customer initiated investment related arbitration claim which has been resolved for $61,050.00 in damages founded on accusations that the customer’s account had been churned and that unsuitable penny stocks and equities were traded in the customer’s LPL…
Noel Ray Vincent of Southfield Michigan a stockbroker registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim which was settled for $125,000.00 in damages based upon allegations of bad investment advice and misrepresentations being made to the customer in reference to mutual funds and equipment leasing securities…
Paul Anthony Falcon of Boca Raton Florida a stockbroker currently registered with Aegis Capital Corp. has been fined $5,000.00 and suspended for thirty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that the stockbroker used secretive and unapproved communication channels to correspond with customers of Aegis…
Matthew Stern Buchsbaum of New York New York a stockbroker associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that (1) misrepresentations had been made to the customer in regards to an options overlay strategy implemented…
William Mark Heiden of Newport Beach California a stockbroker registered with Wedbush Securities Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $475,000.00 in damages based upon allegations that (1) unauthorized trades were effected in the customer’s account (2) the customer was defrauded through misrepresentations (3) a fiduciary…
Gustavo Trujillo Franco of Old Bridge New Jersey a stockbroker formerly registered with Global Strategic Investments LLC (now known as Gentem Capital LLC and LevelX Capital LLC) has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he neglected to provide recorded testimony to the regulator during the time that it…
Edward Earl Matthes (also known as Ed Matthes) of Oconomowoc Wisconsin a stockbroker associated with Mutual of Omaha Investor Services Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisories according to an Order based on allegations of…
David Roger Hirons of San Diego California a stockbroker formerly registered with Wedbush Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $712,080.00 in compensatory damages and $1,000,000.00 in punitive damages based upon allegations of unauthorized options trades that had been effected by Hirons in the…
Bruce Albert Slater of Northville Michigan a stockbroker associated with Transamerica Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that the customer had been advised to allocate an excessive portion of funds in risky limited partnerships which failed…
James Gregory McKinney (also known as Greg McKinney) of Tulsa Oklahoma a stockbroker formerly registered with Cetera Advisors 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 the stockbroker neglected to testify or produce documentation for FINRA personnel while…
Thomas Cameron Oakes of Grand Rapids Michigan a stockbroker associated with Royal Securities Company has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any member in any capacity supported by allegations of Oakes’ failure to confirm with the regulator whether he complied with a customer initiated investment related arbitration award. FINRA Case…
Alan Harold New of Fort Wayne Indiana a stockbroker registered with NYLife Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $110,000.00 in damages based upon allegations of misleading statements or omissions being made by New concerning the risks of Woodbridge Promissory Notes which he sold…
Marc Frederick Korsch of Sarasota Florida a stockbroker registered with Centaurus Financial Inc. is the subject of a customer initiated investment related complaint on June 5, 2019 where the customer sought $53,000.00 in damages based upon accusations that misleading or false information had been provided to the customer between 2014 and 2019 in regard to…
Jody Ethan Thompson of New York New York a stockbroker formerly registered with Alexander Capital L.P. has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Thompson provided unsuitable investment recommendations to customers concerning promissory notes and Regulation D offerings and…
Hector Anthony May of New City New York a stockbroker formerly employed by Securities America Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $18,000,000.00 in damages based upon allegations that (1) the customer’s funds were converted and misappropriated (2) a fiduciary duty which was owed to…
Rick Douglas Konecny of Chicago Illinois a stockbroker formerly associated with JP Morgan Securities LLC has been referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages supported by allegations of an overconcentration of the customer’s assets in high-risk investments which led the customer to experience losses. Financial Industry…
Louis Cook (also known as Lou Cook) of Knoxville Tennessee a stockbroker formerly registered with National Planning Corporation and Securities Service Network LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that customer funds were improperly used by Cook and that misrepresentations were made…
Mirsad A. Muharemovic (also known as Mirso Muharemovic) of Brooklyn New York a stockbroker currently registered with Arive Capital Markets is the subject of a customer initiated investment related arbitration claim where the customer sought $307,042.00 in damages based upon accusations that stock trades effected by Muharemovic were not suitable for the customer and that…
Steven S. Maher Sr.of Oradell New Jersey a stockbroker formerly registered with Next Financial Group 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 of Maher causing customers to provide him with signed but otherwise incomplete disclosure forms relating…
Andre Pierre Davis of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA during an investigation in which the regulator sought to…
Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MSI Financial Services Inc. and MML Investors Services LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $1,075,000.00 in damages founded on accusations that (1) investment information was falsified or concealed by the stockbroker in regard to…
Douglas Anthony Leone of Melville New York a stockbroker associated with SW Financial has been referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by allegations that (1) transactions effected in the customer’s account were not suitable (2) contractual and fiduciary obligations were violated (3) misleading…
Imran N. Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly registered with Lincoln Financial Securities Corporation has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Razvi engaged in outside business activities which involved the…
Steven Robert Luftschein (also known as Steven Lerner) of Melville New York a stockbroker associated with Aegis Capital Corp has been referenced in a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that misleading and false statements had been made to the customer and that trades…
David Jonathan Bolton of Bowling Green Kentucky a stockbroker formerly registered with Thurston Springer Financial is the subject of a customer initiated investment related complaint on July 9, 2019 where the customer sought $24,770.00 in damages based upon accusations of negligence with respect to mutual funds and annuities purchased and sold by the customer when…
Luke Michael Johnson of Scottsdale Arizona a stockbroker formerly employed by Coastal Equities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $509,000.00 in damages based upon allegations that investment recommendations made by Johnson between June of 2017 and June of 2018 failed to be suitable for…
Eric Patrick Pica 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 according to a FINRA Office of Hearing Officers’ Default Decision containing findings that Pica misused and converted an investor’s funds. Department of…
Brandon Curt Stimpson of North Logan Utah a stockbroker associated with Allegis Investment Services LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,481,000.00 in damages supported by allegations of (1) breach of a fiduciary duty by Stimpson (2) unauthorized and unsupervised options trades in the customer’s…
Bradley Leo Renberg of West Des Moines Iowa a stockbroker registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $380,000.00 in damages based upon accusations of speculative and unsuitable energy sector equities held in the customer’s account at Ameriprise Financial Services. Financial Industry…
Michael Barry Carter (also known as Mike Carter) of McLean Virginia a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related complaint which was resolved on October 18, 2019 for $3,193,500.00 in damages based upon accusations of unauthorized withdrawals being effected from the customer’s account when Carter…
Raymond Alexander Thomas (also known as Ray Thomas) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) Department of Enforcement Complaint alleging that he engaged in unauthorized outside business activities and that he lied to FINRA personnel to conceal his…
Charles Lewis Bender III (also known as Chip Bender) of Coral Cables Florida a stockbroker formerly registered with SunTrust Investment Services Inc. has been barred from associating with any FINRA member in any capacity based upon allegations that Bender did not provide a response to the regulator’s request for information. Case No. 2019062079801 (Aug. 12,…
John Robert Morris of Warren New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning investments in oil and gas securities and Puerto…
Vincent James Mazza of Jersey City New Jersey a stockbroker employed by National Securities Corporation has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any member in any capacity founded on accusations of the stockbroker’s failure to comply with the regulator’s request for information. Case No. 2018060932001 (Oct. 28, 2019). FINRA Public…
Andrew Stephen Vitek Jr. of Jenkintown Pennsylvania a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been identified in a customer initiated investment related arbitration claim where the customer sought at least $152,000.00 in damages founded on accusations that (1) mutual funds and structured products were not suitable for the customer given their…
Karen McKinley (also known as Karen Ann Boggess) of Manchester New Hampshire a stockbroker formerly employed by Morgan Stanley is the subject of administrative proceedings initiated by Securities and Exchange Commission (SEC) in which the regulator is determining whether to bar McKinley from being a stockbroker or investment advisor based on McKinley pleading guilty to…
Andrew Owen Brown of Melville New York a stockbroker formerly registered with Aegis Capital Corp and Worden Capital Management LLC has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that Brown did not pay an Arbitration Award in which he was found liable…
Ronald Walter Hannes (also known as Ron Hannes) of Spokane Washington a stockbroker formerly registered with Woodbury Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon his consent to findings that he failed to cooperate with FINRA personnel’s request for his information and…
Jason R. Watson of Philadelphia Pennsylvania a stockbroker formerly associated with Voya Financial has been identified in a customer initiated investment related complaint on June 13, 2019 where the customer sought unspecified damages founded on accusations that the customer was defrauded and exposed to phony sales practices relating to the customer’s purchase of a universal…
Wayne Ivan Miller of Scottsdale Arizona the former President of Accelerated Capital Group Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations of (1) a fiduciary duty to the customer being breached (2) negligence with regard to private placement transactions and (3) an…
Michael Kenneth DePasquale (also known as Mikey DePasquale) of Cranford New Jersey a stockbroker associated with M Holdings Securities Inc. and 1717 Capital Management Company has been referenced in a customer initiated investment related civil action which was settled for $7,000.00 in damages supported by allegations that misrepresentations were made by the stockbroker pertaining to…
Martin David Batstone (also known as Marty David Batstone) of San Diego California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that Batstone…
Stuart L. Pearl (also known as Stu Pearl) of Indianapolis Indiana a stockbroker formerly employed by David A. Noyes Company has been identified in a customer initiated investment related complaint which has been resolved on July 1, 2019 for $42,500.00 in damages founded on accusations that (1) a hedge fund position had been executed in…
Marcus Duane Parker of Santa Fe New Mexico a stockbroker associated with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related civil action in which the customer requested unspecified damages supported by allegations that transactions were facilitated in the customer’s account by the stockbroker without authorization in 2017 when Parker…
Mark Joseph Sachse of Overland Park Kansas a stockbroker registered with Ameriprise Financial Services Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker failed to respond to the regulator’s request for information about his activities. FINRA Case No. 2018057939001…
Dean Robert Nowak of Winter Park Florida a stockbroker formerly registered with TCM Securities Inc. is the subject of a customer initiated investment related complaint on April 22, 2019 where the customer sought $66,666.67 in damages based upon accusations of misrepresentations and omissions of investment information being made by the stockbroker when advising the customer…
William Martin Ornstein of Boca Raton Florida a stockbroker currently associated with The GMS Group LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations of negligence and the breach of a fiduciary duty that was owed to the customer in regard…
Richard French Judd (also known as Rick Judd) of Chicago Illinois a stockbroker employed by CIBC World Markets Corp. has been identified in a customer initiated investment related arbitration claim where the customer was awarded compensatory damages founded on Judd being found liable on the customer’s claims which included that investments had been liquidated from…
James William Flower (also known as Jim Flower) of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of an investigation initiated by Financial Industry Regulatory Authority (FINRA) on October 15, 2019. According to Public Disclosure, the investigation concerns allegations that the stockbroker recommended excessive trades to a customer….
Gale Ann Brodie (also known as Gale Ann Jenckes) of Sacramento California a stockbroker registered with Waddell Reed Inc. is the subject of a customer initiated investment related complaint on June 1, 2018 in which the customer requested $57,000.00 in damages based upon allegations that the customer was placed into unit investment trust products containing…
Steven John Meyer of Staten Island New York a stockbroker formerly associated with Legend Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer was awarded $110,622.95 in compensatory damages supported by Meyer and Legend Securities being found liable on the customer’s claims which included that (1) transactions…
Kimberly Ann Springsteen-Abbott (also known as Kimberly Ann Borham and as Kimberly Ann Crain) a former Chief Executive Officer of Commonwealth Capital Securities Corp has been issued an Opinion by Securities and Exchange Commission (SEC) which sustained Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council’s Decision to bar the stockbroker based on findings of her…
John Greg Schmidt of Dayton Ohio a stockbroker formerly associated with Wells Fargo Advisors Financial Network LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings based upon allegations of Schmidt…
Frank Roland Dietrich of Laguna Hills California a stockbroker formerly employed by Quest Capital Strategies Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $271,500.00 in damages founded on accusations that (1) Woodbridge notes were negligently sold to the customer (2) a fiduciary duty was breached (3) transactions…
Rocco Roveccio of Red Bank New Jersey a stockbroker formerly associated with First Standard Financial Company LLC has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to comply with a customer initiated investment related arbitration award or otherwise confirm…
William David Lancaster of Wagoner Oklahoma a stockbroker formerly employed by Edward Jones has been barred by the Administrator of the Oklahoma Department of Securities from working as a stockbroker or investment adviser representative for twenty-four months founded on accusations that the stockbroker engaged in dishonest or unethical business practices when he was employed by…
Steven Farr Davis (also known as Steve Davis) of Wakefield Massachusetts a stockbroker registered with Royal Alliance Associates Inc. has been ordered to (1) cease and desist from violating securities laws or regulations (2) pay a $20,000.00 fine (3) disgorge ill-gotten gains and (4) refrain from seeking registration as a stockbroker or investment adviser representative…
Michael Christopher Venturino of Melville New York a stockbroker associated with Aegis Capital Corp. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages based upon allegations that high pressure sales tactics had been used on the customer by Venturino which resulted in the customer being…
David Wayne Kraft of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley has been suspended indefinitely by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to comply with an arbitration award against him by his former employer for $1.2…
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Tara Lueddeke is a retail investor. National Securities Corp. is a FINRA registered broker-dealer in New York. According to securities regulators, National Securities has more than 577 registered representatives operating from more than 84 geographically dispersed or branch offices across the United States. National has been subject to numerous regulatory actions for the failure to…
Peter Douglas Monson (also known as Pete Monson) of Minneapolis Minnesota a stockbroker currently registered with Van Clemens Co. Incorporated 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 the stockbroker effected unauthorized and inappropriate transactions in Van…
Sonya D. Camarco (also known as Sonia D. Fatchett and as Sonya D. Fatchett-Camarco) of Colorado Springs Colorado a stockbroker formerly employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim which has been resolved for $4,200,000.00 in damages founded on accusations that the customer’s funds were misappropriated or…
Douglas Keith Hyer (also known as Doug Hyer) of Great Neck New York a stockbroker currently associated with First Allied Securities Inc. and NEXT Financial Group Inc. has been referenced in a customer initiated investment related arbitration claim which has been settled for $15,000.00 in damages supported by allegations that (1) purchases of real estate…
Paulson Investment Company LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer engaged in the unregistered offer and sale of private placements. Letter of Acceptance Waiver and Consent No. 2018056269003 (Jan. 31, 2020). According to…
Jeffrey Scott Nimmow of Hillside Illinois a stockbroker formerly registered with Forest Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Nimmow sold at least $3,000,000.00 worth of Woodbridge Group of Companies promissory notes to investors without the securities broker dealer’s…
James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly associated with Ameritas Investment Corp. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,423,000.00 in damages supported by allegations that (1) the customer had been inappropriately sold promissory notes as they were neither registered nor exempt…
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to provide recorded testimony or documentation to FINRA personnel during the time that he was…
Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. is the subject of an enforcement action initiated by Michigan Corporations Securities and Commercial Licensing Bureau in which the regulator is seeking sanctions against Hopkins based upon allegations that he violated Michigan Securities Act by omitting to a…
Daniel Joseph Arcuri Jr. of Greensburg Pennsylvania a stockbroker formerly registered with Thrivent Investment Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Decision containing findings that he neglected to respond to a FINRA Department of Enforcement Complaint…
Andrew Charles Berleth of Walnut Creek California a stockbroker currently employed by MML Investors Services has been identified in a customer initiated investment related written complaint on June 11, 2018 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that Berleth made misrepresentations about an annuity that he sold to the customer….
Kirk J. Gill of Tucson Arizona a stockbroker formerly employed by Morgan Stanley Smith Barney has been identified in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations that common or preferred stocks were unsuitable for the customer in view of the customer’s objectives for investing and…
Mitchell Louis Silverman of Boca Raton Florida a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages based upon allegations that (1) the customer was defrauded by making purported stock purchases through Silverman (2) an investment contract was…
Ziv Ohel (also known as Zir Ohel) of Long Grove Illinois a stockbroker formerly associated with CFD Investments Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. FINRA Case No. 2016051838401…
Jason Andrew Wilk (also known as Jason A. Wilks) of New York New York a stockbroker employed by Worden Capital Management LLC has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations that the stockbroker failed to respond to the regulator’s request for information…
Patrick Nicholas Teutonico of Seaford New York a stockbroker registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages based upon accusations that (1) private placements lacked appropriate supervision from the securities broker dealerand (2) and that Teutonico breached his…
Martin Joseph Hare of Oakbrook Illinois a stockbroker associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim which has been settled for $70,000.00 in damages supported by allegations that between 2017 and 2018: (1) UBS failed to supervise Hare’s transactions (2) the customer’s account had been imprudently…
Edward Barnett Woll of Atlanta Georgia the former Chief Compliance Officer of JP Turner Company has been identified in a customer initiated investment related arbitration claim where the customer sought $1,750,000.00 in damages founded on accusations that (1) Woll did not supervise the stockbroker who effected inappropriate trades in the customer’s account (2) the customer…
Michael John Isaac of Charlotte North Carolina a stockbroker currently registered with Innovation Partners LLC has been sanctioned by Massachusetts Securities Division based upon the stockbroker violating FINRA rules by using signed but otherwise blank or incomplete forms which falsely portrayed that documentation was reviewed by customers and that they approved of Issac’s transactions for…
Shawn Evan Burns of Farmingdale New York a stockbroker associated with SW Financial (also known as Salomon Whitney Financial) has been referenced in a customer initiated investment related arbitration claim which was settled for $12,000.00 in damages supported by allegations that (1) stocks and over the counter equities were traded in the customer’s account by…
Robert Juan Escobio of Miami Florida a stockbroker formerly registered with Southern Trust Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to cooperate with FINRA’s investigation into allegations of his potentially unlawful securities transactions or activities with…
Taek Man Chong of Mercer Island Washington a stockbroker associated with Raymond James Financial Services Inc. was the subject of a customer initiated investment related which was settled for $1,091,070.30 in damages based upon allegations that the stockbroker “misused” the customer’s funds. Chong has also been referenced in a customer initiated investment related complaint on…
John William Cutshall of Woodsboro Maryland a stockbroker formerly registered with RBC Capital Markets and Lombard Securities has been fined $100,000.00 and barred from being a stockbroker or investment adviser representative based upon accusations that Cutshall violated securities laws or regulations of the State of Maryland as withdrawals were effected from customers’ accounts by the…
Daniel R. Castoriano of New Orleans Louisiana a stockbroker formerly registered with Century Securities Associates Inc. 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 effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and Consent No. 2019062882001…
Robert Frank Spiegel of Staten Island New York a stockbroker formerly registered with First Standard Financial Company 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 based upon consenting to findings that trades had been made by him on an excessive…
Mason Wayne Gann of Dallas Texas a stockbroker formerly registered with Berthel Fisher Company Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that defrauded an elder customer by engaging in unsuitable options trading. Letter of Acceptance Waiver and Consent No….
Jonathan Douglas Freeze of Canonsburg Philadelphia a stockbroker formerly associated with Fortune Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $175,000.00 in damages supported by allegations of bad promissory notes transactions effected through Freeze during the time that he was registered with Fortune Financial….
Wesley Justin Foltz of Alexandria Louisiana a stockbroker formerly associated with Prospera Financial Services Inc. and LPL Financial LLC has been referenced in a customer initiated investment related complaint on February 15, 2019 in which the customer requested $50,000.00 in damages supported by allegations that direct investments including a real estate investment trust sold by…
Kerry Dean Wills of Manhattan Beach California a stockbroker currently associated with First Western Securities 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 supported by findings that Wills borrowed from an elderly customer without authorization. Letter of Acceptance Waiver and…
Orlando Cipriano Fernandez of Greenville South Carolina a stockbroker formerly registered with Sandlapper Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $11,000.00 in damages based upon allegations that (1) due diligence was not adequately performed by the stockbroker prior to oil and gas investment recommendations…
Taj Zachary Rohr of Parkersburg West Virginia a stockbroker formerly registered with BBT Investment Services Inc. is the subject of a customer initiated investment related complaint which has been resolved on January 28, 2019 for $17,000.00 in damages based upon accusations that the customer was poorly advised concerning variable annuities transactions effected when Rohr was…
Kevin Kimball Meadows of Columbus Georgia a stockbroker formerly employed by Cape Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Meadows executed unsuitable and excessively traded or churned the account of an elderly Cape Securities customer. Letter of Acceptance Waiver and…
Marc Salvatore Pico of Fort Lee New Jersey a stockbroker currently registered with LPL Financial LLC has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to respond to the regulator’s request for information about his activities. Case No. 2018059327101…
Hector J. Gonzalez (also known as Hector Gonzales Colon) of Miami Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages founded on accusations that (1) investment recommendations were unsuitable in view of the customer’s…
Antonio Gutierrez Puente (also known as Tony Puente) of Miami Florida a stockbroker formerly employed by Valic Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Puente failed to comply with FINRA’s requests during the time that the stockbroker was under…
Stephen Douglas Wood of Bedminster New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on April 2, 2019 into accusations that (1) Wood failed to comply with FINRA Rule 2010 and NASD Rule 2510(b) by effecting purchases or sales of…
Larry Don Graham Jr. (also known as Donny Graham) of Duncan Oklahoma a stockbroker formerly associated with Edward Jones has been referenced in a customer initiated investment related arbitration claim in which the customer requested $228,515.38 in damages supported by allegations that (1) fiduciary duties which had been owed to the customer were breached (2)…
Wells Fargo Advisors LLC (now known as Wells Fargo Clearing Services LLC) a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it failed to supervise a stockbroker who effected excessive trades in an elderly customer’s investment account….
“The investors’ funds were used by Francis on strip club bills, alcohol and cocaine. “ Oscar Francis of Fort Lauderdale Florida a stockbroker formerly associated with MML Investors Services LLC has been barred by Securities and Exchange Commission (SEC) from associating with any securities broker dealer or investment adviser based upon the stockbroker being found…
Michael Brandon Stalcup of Little Rock Arkansas a stockbroker registered with Veritas Independent Partners is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations of his termination from Veritas Independent Partners. FINRA Public Disclosure reveals that Stalcup was discharged by the securities broker dealer on July 18, 2019 based upon allegations that…
Thomas S. Martin of Sante Fe New Mexico 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 based upon consenting to findings that Martin effected unauthorized trades in the accounts of Edward Jones customers. Letter of Acceptance Waiver…
Ryan Owen Tarjanyi of Kettering Ohio a stockbroker formerly employed by Bankers Life Securities Inc. has been identified in a customer initiated investment related complaint which has been resolved on September 13, 2019 for $32,500.00 in damages founded on accusations that (1) the customer’s funds were misappropriated and (2) the customer’s signature had been forged…
Robert Francis Stefanelli of New York New York a stockbroker currently associated with Alexander Capital LP has been referenced in a customer initiated investment related arbitration claim which has been settled for $14,900.00 in damages supported by allegations that (1) common and preferred stock transactions that were facilitated in the customer’s account by the stockbroker…
Sean Joseph Kelly of Marietta Georgia a stockbroker currently registered with Center Street Securities Inc. is the subject of an Order Instituting Administrative Proceedings initiated by Securities and Exchange Commission (SEC) in which SEC is seeking sanctions against Kelly which potentially include a bar from the securities industry since the stockbroker was permanently enjoined from…
Randy T. Carpen (also known as Ramsey Carpen) of Saint Louis Missouri a stockbroker formerly registered with Vestech Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings he failed to comply with FINRA during an investigation into allegations of his excessive…
Mark David Yadron (also known as Mark Lynn Yoder) of Scottsdale Arizona a stockbroker currently associated with Merrill Lynch Pierce Fenner Smith Incorporated has been referenced in a customer initiated investment related complaint on September 24, 2019 in which the customer requested $129,584.00 in damages supported by allegations that in November of 2018, unsuitable investment…
Ron Jason Ison of New York New York a stockbroker employed by Buckman Buckman Reid Inc. has been stripped of his stockbroker license or investment adviser representative license founded on the stockbroker being expelled for obstructing a FINRA investigation. New Jersey Bureau of Securities Order No. 2017053698501 (Dec. 3, 2018). Financial Industry Regulatory Authority (FINRA)…
Paul William Murans (also known as Peace Murans) of Indianapolis Indiana a stockbroker formerly employed by UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim which has been resolved for $300,000.00 in damages founded on accusations that (1) securities transactions had been executed without the securities broker dealer’s permission…
Zachary Scott Wagner of Gilbert Arizona a stockbroker formerly registered with OneAmerica Securities Inc. and Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wagner failed to comply with a FINRA investigation into allegations of his (1) engagement in outside business activities…