Boilerroom Sales

Archive | Boilerroom Sales

Investors File Securities Arbitration Claim Against National Securities Corp

October 19, 2021  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against National Securities Corp

Rick Alan Davidson of Miami Florida a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based upon allegations that their account was exposed to unsuitable trading of stocks by Davidson during the time that he was associated […]

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FINRA Investigates Spartan Capital Stockbroker For Failure to Disclose Investor Disputes

October 08, 2021  |   Posted by :   |   Boilerroom Sales, Churning, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Investigates Spartan Capital Stockbroker For Failure to Disclose Investor Disputes

Kim Marie Monchik (also known as Kim Marie Amendola) of New York New York a stockbroker currently registered with Spartan Capital Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA believes that Monchik should face disciplinary action based on potential violations of its rules relating to customer disputes. […]

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FINRA Investigates SW Financial Stockbroker For Churning

October 08, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Churning, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Investigates SW Financial Stockbroker For Churning

Arthur Mel Coffey (also known as Mel Coffey) of Miller Place New York a stockbroker currently registered with SW Financial is referenced in a FINRA investigation which may lead to Department of Enforcement bringing a disciplinary action against him for possibly churning customer accounts and making unsuitable trades in violation of FINRA rules. FINRA Case […]

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Investors Accuse Worden Capital Stockbroker Of Securities Fraud

October 08, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Investment and Regulatory News   |   Comments Off on Investors Accuse Worden Capital Stockbroker Of Securities Fraud

Joseph Francis Valdini of Melville New York a stockbroker formerly registered with Worden Capital Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,277,631.00 in damages founded on allegations of misrepresentation and churning of stocks and over-the-counter equities by Valdini when he was employed by Worden Capital […]

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Portfolio Advisors Alliance Stockbroker Barred In Investigation

October 08, 2021  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Portfolio Advisors Alliance Stockbroker Barred In Investigation

George Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he failed to respond to FINRA’s request for his information. Case No. 2019061940901 (March 9, 2020). According to FINRA […]

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Another Worden Capital Stockbroker Sanctioned For Excessive Trading

August 26, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Another Worden Capital Stockbroker Sanctioned For Excessive Trading

John Sebastion Cangialosi Jr of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cangialosi engaged in excessive trading of customer accounts at Worden Capital Management […]

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Alexander Capital Accused Of The Failure To Follow Customer Sell Instructions

August 26, 2021  |   Posted by :   |   Boilerroom Sales, Failure to Execute, Investment and Regulatory News   |   Comments Off on Alexander Capital Accused Of The Failure To Follow Customer Sell Instructions

Jeanpaul Charles Skovronck (also known as Jean Paul Skovronck and as JP Skovronck) of New York New York a stockbroker currently registered with Alexander Capital LP is referenced in a customer initiated investment related complaint in which the customer requested $25,000.00 in damages supported by allegations of Skovronck’s failure to execute the sale of over-the-counter […]

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Investors File Arbitration Claim Against Alexander Capital For Churning

August 15, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Alexander Capital For Churning

Michael Alejandro Castillero of New York New York a stockbroker formerly registered with Alexander Capital LP is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $62,181.00 in damages founded on accusations that the customer’s account was churned and overconcentrated in stocks because of Castillero during the time that […]

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Investors File Complaint Against Dawson James Securities

August 15, 2021  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Microcap and Penny Stock Fraud   |   Comments Off on Investors File Complaint Against Dawson James Securities

Robert Douglas Armstrong (also known as R. Douglas Armstrong) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related written complaint on May 12, 2021 where the customer sought $2,000,000.00 in damages based on accusations of Armstrong’s failure to sell the customer’s penny […]

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Joseph Stone Stockbroker Barred By FINRA In Investigation

August 15, 2021  |   Posted by :   |   Boilerroom Sales, Elder Financial Abuse, Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Joseph Stone Stockbroker Barred By FINRA In Investigation

Eugene Arthur McAdams of Center Moriches New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that McAdams refused to testify for FINRA personnel who investigated whether McAdams made unsuitable recommendations to customers when he […]

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Worden Capital Stockbroker Sanctioned For Failure To Supervise

August 15, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Sanctioned For Failure To Supervise

Henry Bones II of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that Bones failed to supervise a Worden Capital Management stockbroker who made unsuitable investment recommendations to […]

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FINRA Charges Aegis Stockbroker With Excessive Trading

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Charges Aegis Stockbroker With Excessive Trading

Daniel James O’Neill (also known as Dan O’Neill) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that O’Neill executed unsuitable trades and engaged in excessive trading at Aegis Capital Corp. Department of Enforcement v. Daniel […]

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Another First Standard Financial Stockbroker Accused Of Fraud

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Another First Standard Financial Stockbroker Accused Of Fraud

Jeffrey Allen Baber of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $95,000.00 in damages founded on accusations of unsuitable transactions being effected in the customer’s account and First Standard Financial Company […]

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Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Unauthorized Trading   |   Comments Off on Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

Roy Joseph Failla of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been fined $15,000.00 and suspended for 45 days from being a stockbroker in New Jersey according to a Consent Order containing findings that Failla executed unsuitable and excessive trades in customer accounts while Failla was associated […]

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H. Beck Accused Of Misrepresentation

July 31, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Variable Annuites   |   Comments Off on H. Beck Accused Of Misrepresentation

Robert Willis Lester of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on October 16, 2019 where the customer requested $32,135.00 in damages founded on allegations that Lester made misrepresentations to the customer regarding the fees and risks relating to an annuity […]

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Worden Capital Stockbroker Barred For Excessive Trading

July 12, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Barred For Excessive Trading

Christopher George Orlando of New York New York a stockbroker formerly registered with Legend Securities and Worden Capital Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Orlando making excessive trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056432603 (June […]

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Another Worden Capital Stockbroker Investigated For Churning

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Another Worden Capital Stockbroker Investigated For Churning

William Nicholas Athas of Melville New York a stockbroker formerly registered with Worden Capital Management is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has determined that Department of Enforcement should pursue disciplinary action against Athas for potentially churning investor accounts and for making unsuitable investment recommendations. Case No. […]

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Spartan Capital Stockbroker Charged With Churning Customer Accounts

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Spartan Capital Stockbroker Charged With Churning Customer Accounts

Marc Augustus Reda of New York New York a stockbroker currently registered with Spartan Capital Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with recommending unsuitable transactions for 66 customer accounts at Spartan Capital Securities and for churning those accounts. Department of Enforcement v. Marc Augustus Reda Complaint No. […]

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FINRA Bars Worden Capital Stockbroker In Investigation

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars Worden Capital Stockbroker In Investigation

Salvatore Pizzimenti of New York New York a stockbroker formerly registered with Worden Capital Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he chose not to cooperate with a FINRA investigation in which his trading of investor accounts was being reviewed for […]

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First Standard Financial Stockbroker Sanctioned For Fraud

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on First Standard Financial Stockbroker Sanctioned For Fraud

Andre Pierre Davis of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been issued a Summary Revocation and Penalty Order by New Jersey Bureau of Securities in which his stockbroker registration has been revoked and he has been fined $1,000,000.00 based upon findings of Davis making unsuitable and […]

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SW Stockbroker Barred By FINRA For Churning

June 12, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on SW Stockbroker Barred By FINRA For Churning

James William Flower (also known as Jim Flower) of Garden City New York a stockbroker formerly registered with SW Financial has been issued a Financial Industry Regulatory Authority (FINRA) Extended Hearing Panel Decision on May 27, 2021 in which he has been barred from associating with any FINRA member in any capacity based on findings […]

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Paulson Investment Company Stockbroker Terminated For Cause

June 12, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Paulson Investment Company Stockbroker Terminated For Cause

Kenneth Leopold Williams of Red Bank New Jersey a stockbroker formerly registered with Paulson Investment Company LLC has been discharged by the securities broker dealer on August 20, 2020 supported by allegations that Williams was not compliant with Paulson’s instructions. According to the claim, customers were provided with private information from Williams against company policy. […]

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FINRA Sanctions Another Stockbroker In Shuttered Boilerroom Operation

May 31, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Another Stockbroker In Shuttered Boilerroom Operation

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 […]

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Joseph Stone Stockbroker Sanctioned For Excessive Trading

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Joseph Stone Stockbroker Sanctioned For Excessive Trading

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 […]

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WestPark Stockbroker Barred In Selling Away Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on WestPark Stockbroker Barred In Selling Away Investigation

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 […]

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FINRA Bars Joseph Stone Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Joseph Stone Stockbroker In Investigation

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 […]

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FINRA Finally Sanctions Aegis Stockbroker For Unsuitable Recommendations

March 31, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on FINRA Finally Sanctions Aegis Stockbroker For Unsuitable Recommendations

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 […]

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Aegis Stockbroker Sanctioned For Unauthorized Trading

March 31, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Aegis Stockbroker Sanctioned For Unauthorized Trading

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 […]

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First Standard Stockbroker Sanctioned For Excessive Trading

February 16, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Elder Financial Abuse, Excessive Trading, Investment and Regulatory News   |   Comments Off on First Standard Stockbroker Sanctioned For Excessive Trading

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 […]

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Aegis Stockbroker Sanctioned For Excessive Trading

February 16, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Aegis Stockbroker Sanctioned For Excessive Trading

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. […]

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