Alternative Investments

Archive | Alternative Investments

Paulson Stockbroker Sanctioned For Unsuitable Recommendations

January 20, 2022  |   Posted by :   |   Alternative Investments, Boilerroom Sales, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Paulson Stockbroker Sanctioned For Unsuitable Recommendations

Michael Patrick Nixon, of Tampa, Florida, a stockbroker formerly registered with Paulson Investment Company, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nixon made unsuitable investment recommendations to customers during the time that he was employed by Paulson […]

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Investors Accuse Whitehall Parker Of Unsuitable Recommendations

January 20, 2022  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Whitehall Parker Of Unsuitable Recommendations

James Marten Lamont, of San Francisco, California, a stockbroker formerly registered with Whitehall Parker Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.01 in damages supported by accusations that Lamont provided unsuitable recommendations to them as it pertained to real estate security products […]

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Investors Accuse Voya Financial Of Misrepresentation

January 20, 2022  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Voya Financial Of Misrepresentation

Peter Jerome Mersberger (also known as Pete Mersberger), of Sheboygan Falls, Wisconsin, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations of Mersberger misrepresenting alternative investments, including a business development company and real estate security, […]

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Investors File Arbitration Claim Against Silver Oaks Securities

Heath Geoffrey Grossman, of Weathersfield, Connecticut, a stockbroker formerly registered with Silver Oaks Securities and investment adviser representative registered with JB Capital LLC, is referenced in a customer initiated investment related AAA arbitration claim where the customer requested $30,000.00 supported by allegations of Grossman’s failure to consider tax consequences in a customer’s investment plan which […]

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Joseph Stone Capital Stockbroker Accused Of Unsuitable Trading

Joseph Albert Ambrosole, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of unsuitable trading of over-the-counter equities by Ambrosole between February of 2021 and May […]

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Investors File Another Lawsuit Against Voya Financial Stockbroker

William Colie Johnson, of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of the customer being sold unsuitable alternative investments because of Johnson during the time that he was associated with Voya […]

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Investors File Securities Arbitration Claim Against World Equity Group

John R. Mateyko, of Rolling Meadows, Illinois, a stockbroker formerly registered with World Equity Group, Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Mateyko made misrepresentations regarding business development programs and real estate investment trusts between 2014 and 2018 […]

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Independent Financial Group Stockbroker Accused Of Making Unsuitable Recommendations

John Michael Cione of San Diego, California, a stockbroker formerly registered with Independent Financial Group, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $105,000.00 in damages based on allegations of Cione providing unsuitable recommendations concerning alternative investments during the time that he was employed by Independent […]

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Investors File FINRA Arbitration Claim Against Voya Financial For Misrepresentation

James Travis Flynn (also known as Jim Flynn), of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations of Flynn misrepresenting information about alternative investments during the time that […]

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Investors File Arbitration Claim Against Arete Wealth Management

Dennis Shane McMillan (also known as Shane McMillan), of Englewood, Colorado, a stockbroker formerly registered with Arete Wealth Management, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages founded on allegations that between November of 2016 and June of 2017, McMillan provided unsuitable […]

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Arete Wealth Accused Of The Unsuitable Recommendation of Alternative Investments

Jeffrey Scott Larson, of Kirkwood, Missouri, a stockbroker formerly registered with Arete Wealth Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Larson provided unsuitable recommendations concerning alternative investments when he was registered with Arete Wealth Management LLC. Financial Industry […]

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FSC Stockbroker Sanctioned For Selling Away Future Income Payments (FIP LLC)

Brian Stanley Pearce of Winter Haven Florida a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pearce engaged in private securities transactions without getting approval from FSC Securities Corporation. Letter […]

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Kalos Capital Accused By Investors Of Misrepresentation

Frederick Peter Baerenz (also known as Fred Baerenz) of Great Falls Virginia a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment complaint which was settled for $14,000.00 in damages on August 20, 2020, based upon accusations that Baerenz provided unsuitable recommendations regarding alternative investment transactions during the time that […]

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Investors Accuse IBN Financial Services Of Negligence

Robert Mark Star of Bluffton South Carolina a stockbroker currently registered with IBN Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon accusations of a breach of fiduciary duty by Star during the period that he was registered with […]

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Investors File Arbitration Claim Against National Securities Corp

November 08, 2021  |   Posted by :   |   Alternative Investments, Boilerroom Sales, Breach of Fiduciary Duty, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against National Securities Corp

Mark Sam Kolta of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based on accusations of them being placed into unsuitable real estate security products by Kolta when he was employed by National […]

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Barred Ameriprise Financial Stockbroker Accused Of Providing Unsuitable Investment Advice

November 08, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on Barred Ameriprise Financial Stockbroker Accused Of Providing Unsuitable Investment Advice

Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $358,183.00 in damages founded upon accusations of them being placed into Zima Digital Assets because of Hoffman’s unsuitable investment […]

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Madison Avenue Securities Accused Of Breach Of Fiduciary Duty

November 08, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Madison Avenue Securities Accused Of Breach Of Fiduciary Duty

Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based on accusations of breach of fiduciary duty relating to direct participation program and limited partnership transactions […]

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Investors Accuse Kalos Capital Of Breach Of Fiduciary Duty

November 08, 2021  |   Posted by :   |   Alternative Investments, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Kalos Capital Of Breach Of Fiduciary Duty

Andrew W. Topka of Mount Pleasant South Carolina a stockbroker formerly registered with Kalos Capital Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $152,923.00 in damages based on accusations that the customer’s account had been overconcentrated in alternative investments by Topka when he was employed […]

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Morgan Stanley Accused Of Recommending Unsuitable Alternative Investments

November 08, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products   |   Comments Off on Morgan Stanley Accused Of Recommending Unsuitable Alternative Investments

Jimmy Yang Driggers (also known as James Yang Driggers and as Jim Driggers) of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by allegations of Driggers’ unsuitable trading or recommendations of alternative investments including […]

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Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Municipal Bond Fraud, Non-traded REITs, Overconcentration   |   Comments Off on Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate […]

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Investors File Arbitration Claim Against GF Investment Services

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against GF Investment Services

Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer […]

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Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Alternative Investments, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and […]

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Investors File Securities Arbitration Claim Against First Allied Securities

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against First Allied Securities

Kimberly Ann Barentsen (also known as Kimberly Ann Berentsen, Kimberly Ann Bietema, and Kimberly Ann Bielema) of Walnut Creek California a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based on allegations […]

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Sagepoint Financial Stockbroker Accused Of Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Sagepoint Financial Stockbroker Accused Of Unsuitable Investment Recommendations

Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that […]

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Investors File FINRA Securities Arbitration Against IFG Over Unsuitable Alternative Investments

October 08, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Against IFG Over Unsuitable Alternative Investments

William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments […]

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Madison Avenue Securities Accused Of Failure To Supervise

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Madison Avenue Securities Accused Of Failure To Supervise

Vincent Anthony Virga (also known as Vincenzo Anthony Virga) of Bayonne New Jersey a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $495,000.00 in damages based on allegations that Virga provided unsuitable advice to them regarding alternative investments including […]

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Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

September 16, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs, Overconcentration   |   Comments Off on Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as […]

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FINRA Bars MML Stockbroker In Investigation

September 16, 2021  |   Posted by :   |   Alternative Investments, Forgery, Investment and Regulatory News   |   Comments Off on FINRA Bars MML Stockbroker In Investigation

Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a Decision containing findings that Belardino refused to cooperate with a FINRA investigation in regard to customer complaints. Department of Enforcement […]

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Investors File Arbitration Claim Against BCG For Sale Of Unsuitable Investments

September 03, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Failure to Conduct Due Diligence, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Arbitration Claim Against BCG For Sale Of Unsuitable Investments

Mark Charles Cohen of New York New York a stockbroker formerly registered with BCG Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon accusations of Cohen selling unsuitable direct participation program interests and limited partnership interests during the period that he […]

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Investors Accuse LPL Financial Of Unsuitable Alternative Investment Recommendations

September 03, 2021  |   Posted by :   |   Alternative Investments, Business Development Companies, Elder Financial Abuse, Investment and Regulatory News   |   Comments Off on Investors Accuse LPL Financial Of Unsuitable Alternative Investment Recommendations

Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 30, 2021 where the customer sought $69,000.00 in damages based upon accusations of Woods making unsuitable recommendations of business development companies and real estate securities when he was […]

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