Alternative Investments

Archive | Alternative Investments

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

Laidlaw Sued By Investors For Fraudulent Private Placements

August 27, 2020  |   Posted by :   |   Alternative Investments, Boilerroom Sales, Over Concentration, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Laidlaw Sued By Investors For Fraudulent Private Placements

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 […]

Read More »

Newbridge Securities Corp Sued By Investors For Negligence

August 27, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims   |   Comments Off on Newbridge Securities Corp Sued By Investors For Negligence

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 […]

Read More »

Berthel Fisher Sued For Alternative Investment Fraud

August 27, 2020  |   Posted by :   |   Alternative Investments, Business Development Companies, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Berthel Fisher Sued For Alternative Investment Fraud

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 […]

Read More »

Investors Bring Breach Of Fiduciary Duty Claim Against DH Hill Securities

August 27, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Bring Breach Of Fiduciary Duty Claim Against DH Hill Securities

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 […]

Read More »

Guiliano Law Group Investigates ABFP Securities Fraud

August 03, 2020  |   Posted by :   |   Alternative Investments, Ponzi Schemes, Securities Fraud   |   Comments Off on Guiliano Law Group Investigates ABFP Securities Fraud

On July 24, 2020, the United States Securities & Exchange Commission filed an action in the United States District Court of the Southern District of Florida, for Fraud in Violation of Section 10(b) and Rule 10b-5(a) of the Exchange Act, Fraud in Violation of Section 10(b) and Rule 10b-5(b) of the Exchange Act, Violation of […]

Read More »

Berthel Fisher Accused Of Alternative Investment Fraud

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Berthel Fisher Accused Of Alternative Investment Fraud

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 […]

Read More »

Investors File Claim Against Whitehall Parker For Alternative Investments

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Tenants in Common (TICs)   |   Comments Off on Investors File Claim Against Whitehall Parker For Alternative Investments

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 […]

Read More »

Investors Sue VFG Securities For Misrepresentation

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Sue VFG Securities For Misrepresentation

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 […]

Read More »

Investors Bring Arbitration Claims Against Oppenheimer

July 29, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims   |   Comments Off on Investors Bring Arbitration Claims Against Oppenheimer

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 […]

Read More »

Crown Capital Sued For Alternative Investment Sales

July 20, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims   |   Comments Off on Crown Capital Sued For Alternative Investment Sales

Hugh Ordway Barndollar III (also known as Hobby Barndollar) of Land O’ Lakes Florida a stockbroker currently registered with Crown Capital Securities LP is the subject of a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages based upon accusations that the customer had been sold illiquid alternative investments during the […]

Read More »

Aegis Sued By Investors For Defective Investment Advice

July 20, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Aegis Sued By Investors For Defective Investment Advice

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 […]

Read More »

Investors Sue Arkadios For GPB Holdings Fraud

July 11, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Securities Arbitration Claims   |   Comments Off on Investors Sue Arkadios For GPB Holdings Fraud

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 […]

Read More »

Investors Make Claims Against LPL Financial For Alternative Investments

June 24, 2020  |   Posted by :   |   Alternative Investments, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Make Claims Against LPL Financial For Alternative Investments

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 […]

Read More »

Center Street Sued Over Unsuitable Alternative Investments

June 22, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims   |   Comments Off on Center Street Sued Over Unsuitable Alternative Investments

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 […]

Read More »

Hilltop Securities Accused Of Excessive Trading

June 08, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Churning, Excessive Trading, Unauthorized Trading   |   Comments Off on Hilltop Securities Accused Of Excessive Trading

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 […]

Read More »