Alternative Investments

Archive | Alternative Investments

Investors File Securities Arbitration Claim Against First Allied Securities

March 31, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against First Allied Securities

Jeffrey Guy Labelle (also known as Jeff Labelle) of Sarasota Florida 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 $150,000.00 in damages founded on accusations that the customer’s First Allied Securities account had been negligently supervised and that […]

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Investors File Securities Arbitration Claim Against UBS For Misrepresentation

March 31, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Hedge Funds, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against UBS For Misrepresentation

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 […]

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Ameriprise Sued By Investors For BDC Fraud

March 18, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Investment and Regulatory News   |   Comments Off on Ameriprise Sued By Investors For BDC Fraud

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 […]

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David Lerner Stockbroker Sanctioned For Sale of Unuitable Investments

March 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, Investment and Regulatory News, Over Concentration   |   Comments Off on David Lerner Stockbroker Sanctioned For Sale of Unuitable Investments

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 […]

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Investors File Arbitration Claim Against First Allied Securities

March 08, 2021  |   Posted by :   |   Alternative Investments, Excessive Trading, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against First Allied Securities

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 […]

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Investors File Arbitration Claim Against Ausdal Financial

March 08, 2021  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against Ausdal Financial

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 […]

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Investors File Securities Arbitration Claim Against Kalos Capital Over Alternative Investments

March 08, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Kalos Capital Over Alternative Investments

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 […]

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Investors Accuse Cetera Of Unsuitable Investment Recommendations

March 08, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Investment and Regulatory News   |   Comments Off on Investors Accuse Cetera Of Unsuitable Investment Recommendations

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 […]

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Investors File FINRA Arbitration Against Prospera Sued For Breach Of Fiduciary Duty

March 08, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Investors File FINRA Arbitration Against Prospera Sued For Breach Of Fiduciary Duty

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 […]

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Investors File Securities Arbitration Claim Against Accelerated Capital

March 08, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Failure to Conduct Due Diligence, Investment and Regulatory News   |   Comments Off on Investors File Securities Arbitration Claim Against Accelerated Capital

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 […]

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Investors File Arbitration Claim Against LPL For Unsuitable Investments

February 16, 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 LPL For Unsuitable Investments

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 […]

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Investors File Arbitration Claim Against LPL Financial

February 16, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against LPL Financial

Maryanne Virginia Bessler of Lynbrook New York a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $158,086.56 in damages founded on allegations that the customer had been advised by Bessler to invest in alternative investments and annuities when those […]

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Investors File Claims Against Northwestern Mutual Involving Charlotte Investment Scheme

February 11, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Hedge Funds, Selling Away and Outside Activities   |   Comments Off on Investors File Claims Against Northwestern Mutual Involving Charlotte Investment Scheme

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 […]

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Investors File Claims Against Voya For Unsuitable Alternative Investments

February 01, 2021  |   Posted by :   |   Alternative Investments, Investment and Regulatory News   |   Comments Off on Investors File Claims Against Voya For Unsuitable Alternative Investments

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 […]

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Kalos Capital Sued For Breach Of Fiduciary Duty

February 01, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Failure to Conduct Due Diligence, Investment and Regulatory News   |   Comments Off on Kalos Capital Sued For Breach Of Fiduciary Duty

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 […]

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Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

December 22, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

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 […]

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Investors Bring Arbitration Claim Against Berthel Fisher For Unsuitable Alternative Investments

December 22, 2020  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, Investment and Regulatory News   |   Comments Off on Investors Bring Arbitration Claim Against Berthel Fisher For Unsuitable Alternative Investments

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 […]

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SEC Affirms Bar Of Purshe Kaplan Sterling Stockbroker For Native American Fraud

December 07, 2020  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Native American Theft   |   Comments Off on SEC Affirms Bar Of Purshe Kaplan Sterling Stockbroker For Native American Fraud

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 […]

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Arkansas Regulator Sanctions Raymond James Stockbroker

December 07, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Arkansas Regulator Sanctions Raymond James Stockbroker

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 […]

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Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

December 07, 2020  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

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 […]

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Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

November 04, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Direct Participation Programs, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

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 […]

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Investors Bring Arbitration Claims Against Madison Securities Over GPB Ponzi Scheme

October 08, 2020  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, Securities Arbitration Claims   |   Comments Off on Investors Bring Arbitration Claims Against Madison Securities Over GPB Ponzi Scheme

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 […]

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Investors Bring Arbitration Claims Against Coastal Equities For Alternative Investments

October 08, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Arbitration Claims Against Coastal Equities For Alternative Investments

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 […]

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Investors Accuses Huntleigh Securities Of Buying Private Placement Without Permission

October 08, 2020  |   Posted by :   |   Alternative Investments, Private Placement Fraud, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Investors Accuses Huntleigh Securities Of Buying Private Placement Without Permission

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 […]

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Investors Bring Arbitration Claims Against Center Street Securities Related to Convicted Stockbroker

October 08, 2020  |   Posted by :   |   Alternative Investments, Misappropriation of Funds, Securities Arbitration Claims, Securities Fraud, Stockbroker Theft, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Arbitration Claims Against Center Street Securities Related to Convicted Stockbroker

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 […]

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Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

September 30, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims, Structured Products, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

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 […]

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Morgan Stanley Stockbroker Barred By SEC

September 14, 2020  |   Posted by :   |   Alternative Investments   |   Comments Off on Morgan Stanley Stockbroker Barred By SEC

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 […]

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Investors Bring Arbitration Claim Against David Noyes For Alternative Investments

September 14, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims   |   Comments Off on Investors Bring Arbitration Claim Against David Noyes For Alternative Investments

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 […]

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Investors Sue Berthel Fisher Over Fraudulent REIT Sales

August 27, 2020  |   Posted by :   |   Alternative Investments, Non-traded REITs, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Berthel Fisher Over Fraudulent REIT Sales

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 […]

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FINRA Sanctions Tripoint CEO For Unsuitable Private Placements

August 27, 2020  |   Posted by :   |   Alternative Investments, Private Placement Fraud   |   Comments Off on FINRA Sanctions Tripoint CEO For Unsuitable Private Placements

Mark Harris Elenowitz of New York New York, the Chief Executive Officer of Tripoint Global Equities, has been fined $15,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity according to a FINRA Office of Hearing Officer’s Order Accepting Offer of Settlement containing findings that […]

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