Bond Fraud

Archive | Bond Fraud

Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

September 03, 2021  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Unauthorized Trading

Debasish Hajra (also known as Dave Hajra) of Marietta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for thirty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that unauthorized unit investment trust and bond trades were executed […]

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FINRA Sanctions NEXT Financial Group For Failure To Supervise

July 31, 2021  |   Posted by :   |   Bond Fraud, Failure To Supervise, Investment and Regulatory News, Municipal Bond Fraud, Mutual Fund Fraud   |   Comments Off on FINRA Sanctions NEXT Financial Group For Failure To Supervise

NEXT Financial Group a securities broker dealer headquartered in Houston Texas has been censured and fined $750,000.00 by Financial industry Regulatory Authority (FINRA) founded on findings that NEXT Financial Group failed to supervise its stockbrokers’ transactions resulting in unsuitable municipal bond and mutual fund transactions in customer accounts. Letter of Acceptance Waiver and Consent No. […]

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UBS Sued By Investors For Unsuitable Trading

March 31, 2021  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on UBS Sued By Investors For Unsuitable Trading

Ricardo Fontana Guimaraes of Miami Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $57,000.00 in damages based upon allegations that the customer had been sold unsuitable bonds from Guimaraes when he was associated with UBS Financial […]

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Centaurus Stockbroker Sanctioned For Trading Scheme

March 08, 2021  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Centaurus Stockbroker Sanctioned For Trading Scheme

Ricky Alan Mantei of Lexington South Carolina a former stockbroker and investment adviser representative of JP Turner Company has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Extended Hearing Panel Decision containing findings that Mantei engaged in a prearranged trading scheme. […]

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Investors Accuse UBS Of Unauthorized Trading

February 16, 2021  |   Posted by :   |   Bond Fraud, Investment and Regulatory News   |   Comments Off on Investors Accuse UBS Of Unauthorized Trading

Robert David Cohen (also known as Bob Cohen and as Rob Cohen) a former stockbroker and investment adviser representative of UBS Financial Services has been referenced in a customer initiated investment related written complaint on January 14, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that unauthorized bond purchases were […]

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UBS Financial Accused By Investors Of Concealing Investment Risk

January 03, 2021  |   Posted by :   |   Bond Fraud, Failure to Disclose Risk/Warn, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on UBS Financial Accused By Investors Of Concealing Investment Risk

Melinda Joyce Abood of New York New York a stockbroker currently registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on April 21, 2020 where the customer requested $42,000.00 in damages founded on allegations that the customer’s investment instructions were not followed concerning securities held in their UBS […]

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Former Morgan Stanley Stockbroker Barred By FINRA For Bilking Customers

December 22, 2020  |   Posted by :   |   Bond Fraud, Excessive Markups, Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Former Morgan Stanley Stockbroker Barred By FINRA For Bilking Customers

Stephen Sloane of New York New York a stockbroker formerly registered with WestPark Capital Inc. and Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on a Decision issued by FINRA’s Office of Hearing Officers who found that Sloane made unsuitable investment recommendations to customers […]

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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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Ameriprise Terminates Stockbroker For Churning Fixed Income Securities

December 07, 2020  |   Posted by :   |   Bond Fraud, Excessive Trading, Investment and Regulatory News   |   Comments Off on Ameriprise Terminates Stockbroker For Churning Fixed Income Securities

Eric Travis Roark of New York New York a stockbroker formerly registered with Ameriprise Financial Services has been discharged by the securities broker dealer on July 14, 2020 based upon accusations that Roark effected excessive fixed income securities trades in violation of company policy. Roark has been identified in two customer initiated investment related disputes […]

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Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

Roberto Alejandro Fernandez of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $160,000.00 in damages founded on allegations that the customer received unsuitable investment advice and had been sold government debt investments that were misrepresented. Financial […]

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Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

James Whitney Story (also known as Whit Story) of Fitzgerald Georgia a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related complaint which was settled for $50,000.00 in damages founded on allegations that fixed income securities had been recommended by Story during the time that he was associated […]

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Oakbridge Stockbroker Barred For Lying About Fraudulent Church Bonds

September 30, 2020  |   Posted by :   |   Bond Fraud, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Oakbridge Stockbroker Barred For Lying About Fraudulent Church Bonds

Steven Ellsworth Larson of Saint Louis Missouri a stockbroker formerly employed by Oakbridge Financial Services has been issued a Decision by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council in which he has been barred from associating with any FINRA member in any capacity supported by findings that he defrauded investors. Department of Enforcement v. […]

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Paulson Investment Company Sued For Fraud

August 27, 2020  |   Posted by :   |   Bond Fraud, Excessive Markups, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Paulson Investment Company Sued For Fraud

John Alexander Tarpinian of New York New York a stockbroker formerly employed by Paulson Investment Company LLC and Newport Coast Securities Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that between February of 2013 and March of 2019, a fiduciary duty […]

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Morgan Stanley Accused By Investors Of Unsuitable Bond Sales

August 27, 2020  |   Posted by :   |   Bond Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Morgan Stanley Accused By Investors Of Unsuitable Bond Sales

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly associated with Morgan Stanley Smith Barney has been referenced in a customer initiated investment related written complaint on February 6, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable corporate bond investments by the stockbroker between June […]

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FINRA Sanctions Morgan Stanley For Failure To Supervise

August 27, 2020  |   Posted by :   |   Bond Fraud, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on FINRA Sanctions Morgan Stanley For Failure To Supervise

Morgan Stanley a securities broker dealer headquartered in Purchase New York has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that it neglected to supervise stockbroker engaged in bond trading scheme. Letter of Acceptance Waiver and Consent No. 2019063917801 (Aug. 12, 2020). According to the AWC, a stockbroker by […]

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FINRA Charges Morgan Stanley Stockbroker With Misconduct

July 29, 2020  |   Posted by :   |   Bond Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on FINRA Charges Morgan Stanley Stockbroker With Misconduct

Stephen Sloane of New York New York a stockbroker employed by Morgan Stanley has been identified in a FINRA Department of Enforcement Complaint where the regulator is seeking sanctions including a fine and suspension against Sloane for providing unsuitable investment recommendations to customers and for charging them excessive fees for trades that he executed at […]

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Santander Securities Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Santander Securities Sued By Investors For Fraud

Lazaro Armando Fernandez Paredes of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages based upon accusations that the customer had been placed into fraudulent closed end funds and municipal debt investments during the time that Paredes […]

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Investors Sue Morgan Stanley For Defective Bond Recommendations

July 11, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud, Securities Arbitration Claims   |   Comments Off on Investors Sue Morgan Stanley For Defective Bond Recommendations

Kenneth Marc Hutkin of New York New York a stockbroker and investment adviser representative formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable municipal debt investments […]

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Investors Accuse FMSbonds Of Bad Bond Advice

May 13, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud   |   Comments Off on Investors Accuse FMSbonds Of Bad Bond Advice

Zachary Evan Feinsilver of North Miami Florida a stockbroker registered with FMSbonds Inc. is the subject of a customer initiated investment related complaint on March 7, 2019 where the customer sought $33,000.00 in damages based upon accusations that the customer was poorly advised by Feinsilver regarding a municipal debt investment during the period in which […]

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Hennion Walsh Sued By Investors For Unsuitable Bond Recommendations

April 18, 2020  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Municipal Bond Fraud, Securities Arbitration Claims   |   Comments Off on Hennion Walsh Sued By Investors For Unsuitable Bond Recommendations

Marc S. Strafaci (also known as Marr S. Strafari) of Parsippany New Jersey a stockbroker employed by Hennion Walsh Inc. has been identified in a customer initiated investment related arbitration claim which was settled to resolve accusations that municipal bond trades which were purchased by Strafaci in the customer’s Hennion Walsh account failed to be […]

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Hennion Walsh Sued By Investors For Unsuuitable Bond Recommendations

April 18, 2020  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Hennion Walsh Sued By Investors For Unsuuitable Bond Recommendations

Brian Christopher Rieman of Parsippany New Jersey a stockbroker associated with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $19,000.00 in damages supported by allegations that Rieman’s investment recommendations failed to be suitable for the customer during the period in which the stockbroker was employed […]

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UBS Sued By Investors For Misrepresentation

John Robert Morris of Warren New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning investments in oil and gas securities and Puerto […]

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Merrill Lynch Sued By Investors For $28 Million In Bond Losses

Hector J. Gonzalez (also known as Hector Gonzales Colon) of Miami Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages founded on accusations that (1) investment recommendations were unsuitable in view of the customer’s […]

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FINRA Sanctions Santander Stockbroker For Customer Loan

Julian E. Munoz (also known as Julian Munoz Martinez) of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities 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 based upon findings that the stockbroker entered into a loan arrangement with a […]

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Investors Sue RBC Capital Markets Unsuitable Bond Sales

Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly associated with RBC Capital Markets LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by allegations that (1) municipal bonds transactions effected when Fladell was employed by RBC Capital Markets failed to […]

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Investors Sue Merrill Lynch For Misrepresentation

Dario Alberto Ochoa of Guaynabo Puerto Rico a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim where the customer requested $210,000.00 in damages based upon accusations that (1) investment recommendations made by the stockbroker were unsuitable for the customer in view of the customer’s […]

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Investors Sue Morgan Stanley In Puerto Rican Bond Debacle

James Henry Duffy of Riverhead New York a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages supported by accusations that between March 2006 and July 2017, unsuitable investment recommendations were made about Puerto Rico municipal bonds sold to the […]

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RBC Capital Markets Sued By Investors For Bad Bonds

Samuel Kluft Koltun of West Palm Beach Florida a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $180,000.00 in damages supported by accusations that the customer was placed into unsuitable investments including Puerto Rico bonds between December of 2009 and May […]

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Investors Sue Morgan Stanley For Unsuitable Corporate Bond Sales

January 09, 2020  |   Posted by :   |   Bond Fraud, Investment and Regulatory News   |   0 Comments

Christopher James Butler of Woodland Hills California a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $395,579.00 in damages supported by allegations that corporate bonds held in the customer’s account were unsuitable. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01267 (May 16, […]

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Investors Accuse Morgan Stanley Of Unsuitable Municipal Bond Transactions

David Hugh Bindelglass of Paramus New Jersey a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related complaint which was resolved for $100,000.00 in damages on January 10, 2019 founded on accusations that unsuitable municipal debt trades had been effected in the customer’s account during the time that Bindelglass […]

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