Boilerroom Sales

Archive | Boilerroom Sales

Joseph Stone Stockbroker Charged By SEC With Fraud

January 19, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on Joseph Stone Stockbroker Charged By SEC With Fraud

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 […]

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Spartan Stockbroker Investigated By FINRA For Churning

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Spartan Stockbroker Investigated By FINRA For Churning

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). […]

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SW Stockbroker Investigated For Excessive Trading

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on SW Stockbroker Investigated For Excessive Trading

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 […]

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Legend Securities Named In Securities Arbitration Claim By Investors For Churning

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Legend Securities Named In Securities Arbitration Claim By Investors For Churning

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 […]

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PHX Sanctioned By FINRA For Failure To Supervise

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Investment and Regulatory News   |   Comments Off on PHX Sanctioned By FINRA For Failure To Supervise

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 […]

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FINRA Bars Network 1 Stockbroker For Undisclosed Investment Activities

December 22, 2020  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Network 1 Stockbroker For Undisclosed Investment Activities

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. […]

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FINRA Finally Bars Global Arena Stockbroker In Boilerroom Bond Scam

December 22, 2020  |   Posted by :   |   Boilerroom Sales, Bond Fraud, Churning, Elder Financial Abuse, Excessive Markups, Excessive Trading, Investment and Regulatory News   |   Comments Off on FINRA Finally Bars Global Arena Stockbroker In Boilerroom Bond Scam

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 […]

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More Victims File FINRA Securities Arbitration Claim Against Spartan Capital

December 07, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on More Victims File FINRA Securities Arbitration Claim Against Spartan Capital

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 […]

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Investors File FINRA Securities Arbitration Claim Aegis For Excessive Trading

December 07, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Aegis For Excessive Trading

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 […]

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FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

December 07, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud, Stockbroker Negligence   |   Comments Off on FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

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 […]

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Laidlaw Company Bring FINRA Arbitration Claim Against By Investors For Churning

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Laidlaw Company Bring FINRA Arbitration Claim Against By Investors For Churning

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 […]

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National Securities Corp Sanctioned For Customer Complaints

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on National Securities Corp Sanctioned For Customer Complaints

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, […]

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Investors Bring FINRA Arbitration Claim Against Spartan Capital For Misrepresentation

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Elder Financial Abuse, Excessive Trading, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Spartan Capital For Misrepresentation

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 […]

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Investors Bring FINRA Arbitration Claim Against Alexander Capital For Failure To Supervise

November 30, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Alexander Capital For Failure To Supervise

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 […]

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Investors Bring FINRA Arbitration Claim Against Westpark Capital For Fraud

November 30, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Westpark Capital For Fraud

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 […]

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Another First Standard Stockbroker Barred In Boilerroom Scam

November 04, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims   |   Comments Off on Another First Standard Stockbroker Barred In Boilerroom Scam

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 […]

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FINRA Bars Another SW Financial Stockbroker

November 04, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Customer Loans, Securities Arbitration Claims   |   Comments Off on FINRA Bars Another SW Financial Stockbroker

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. […]

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More Investor FINRA Arbitration Claims Against Spartan Capital For Churning

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims   |   Comments Off on More Investor FINRA Arbitration Claims Against Spartan Capital For Churning

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 […]

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More Investor Claims Against Shuttered Boilerroom First Standard Securities

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims, Securities Fraud, Unauthorized Trading   |   Comments Off on More Investor Claims Against Shuttered Boilerroom First Standard Securities

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 […]

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Christ Barred By Regulators In Boilerroom Failure To Supervise Investigation

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Christ Barred By Regulators In Boilerroom Failure To Supervise Investigation

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 […]

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Investors Bring Arbitration Claims Againt Aegis Capital For Unauthorized Trading

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Arbitration Claims Againt Aegis Capital For Unauthorized 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 […]

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FINRA Bars Another First Standard Stockbroker For Churing Investor Accounts

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on FINRA Bars Another First Standard Stockbroker For Churing Investor Accounts

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 […]

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FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

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 […]

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Investors Bring Claim Against Spartan Capital For Boiler Room Sales Tactics

September 30, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims   |   Comments Off on Investors Bring Claim Against Spartan Capital For Boiler Room Sales Tactics

David Michael Cutolo Senior 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 in which the customer sought $9,100.00 in damages founded upon accusations that the customer had been invested in unsuitable common and preferred stocks and that the […]

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Garden State Stockbroker Barred For Failure to Pay Arbitration Award

September 14, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Securities Arbitration Claims   |   Comments Off on Garden State Stockbroker Barred For Failure to Pay Arbitration Award

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 […]

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FINRA Bars Worden Capital Stockbroker In Investigation

August 27, 2020  |   Posted by :   |   Boilerroom Sales, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Worden Capital Stockbroker In Investigation

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 […]

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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 […]

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Garden State Stockbroker Barred In Elder Abuse Investigation

August 27, 2020  |   Posted by :   |   Boilerroom Sales, Customer Loans, Elder Financial Abuse   |   Comments Off on Garden State Stockbroker Barred In Elder Abuse Investigation

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 […]

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SEC To Bar Worden Stockbroker For Securities Fraud

August 27, 2020  |   Posted by :   |   Boilerroom Sales, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on SEC To Bar Worden Stockbroker For Securities Fraud

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 […]

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FINRA Bars Sisk Stockbroker For Failure To Pay Arbitration Award

August 27, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Securities Arbitration Claims   |   Comments Off on FINRA Bars Sisk Stockbroker For Failure To Pay Arbitration Award

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 […]

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