Eric Andrew Wittenberg, of Mount Kisco, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $425,000.00 in compensatory damages because UBS Financial Services Inc. was held liable on the customer’s claims,…
James Earl Williams, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $5,000.00 in damages based upon alleged breach of fiduciary duty, violation of state securities laws, and breach of contract when…
Joseph Dewey Jackson (also known as Joe Jackson and Joey Jackson), of Fayetteville, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged failure to supervise, breach…
Michelle Elise Anthony (also known as Michelle Elise Murphy-Wall), of Tucson, Arizona, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon alleged breach of fiduciary duty, misrepresentation, and the unsuitable…
Richard Jay Rustic, of Bristol, Connecticut, a stockbroker registered with Commonwealth Financial Network, is the subject of a customer initiated investment related civil action in which the customer requested damages based upon alleged breach of fiduciary duty when Rustic was associated with Commonwealth Financial Network. Civil Action No. HHD-CV-24-6181034S (February 26, 2024). The claim alleged…
New York-The Guiliano Law Group, P.C. announced today it has filed an arbitration claim on behalf of certain investors before the Financial Industry Regulatory Authority or FINRA, against a national securities broker-dealer, based upon the conduct of its former registered representative for the violation of the federal securities laws and Regulation Best Interest, and for…
Aaron T. Jasper, of Camarillo, California, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related civil action that was settled for $512,587.63 in damages based upon alleged violations of Financial Industry Regulatory Authority (FINRA) rules, and the state and federal securities laws, and that Jasper allegedly made certain…
Chadwick David Carrick (also known as Chadwick Davie Carrick and as Chad Carrick), of Mobile, Alabama, a stockbroker registered with Stifel Nicolaus Company Incorporated, was referenced in a customer initiated investment related civil action that was settled for $300,000.00 in damages based upon the alleged breach of fiduciary duty, churning, excessive trading, failure to supervise,…
Darren Robert Grossman, of Bala Cynwyd, Pennsylvania, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon alleged breach of fiduciary duty and the unsuitable investment recommendation of “corporate bonds” during…
Marcel Pahmer, of Newport Beach, California, a stockbroker formerly registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $73,000.00 in damages based upon alleged breach of fiduciary duty and the unsuitable investment recommendation of corporate bonds when…
Guy Gregory Clemente, of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $750,000.00 in damages based upon alleged breach of contract, failure to supervise, excessive trading, unsuitable recommendations, and…
David John Segarra, of Las Vegas, Nevada, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related complaint filed on June 3, 2024, in which the customer requested $80,000.00 in damages based upon alleged breach of fiduciary duty and unsuitable recommendations in illiquid real estate securities during the time…
Rita Mansour, of Toledo, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $60,000.00 in damages based upon alleged omissions of material fact and unsuitable recommendations in corporate and asset-backed bonds during the time that…
Jim Eugene Scala Jr., of Beverly Hills, California, a stockbroker registered with PHX Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,900.00 in damages based upon allegations that Scala breached his fiduciary duties in connection with the sale of certain…
Patrick Roland Hobert of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hobert breached his fiduciary duties and made the unsuitable investment recommendation of…
Stefan Ara Shimshidian of White Plains, New York, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Shimshidian was negligent, breached his fiduciary duties, committed fraud, breached…
Terri Lynn Fassi (also known as Terri Lynn Phelps and as Terri Lynn Wojcicki), of Windsor, Colorado, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $16,000.00 in damages based upon allegations that Fassi breached her…
Lennard Cuno Van Der Feltz, of Tempe, Arizona, a stockbroker registered with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $225,000.00 in damages based upon alleged breach of fiduciary duty, negligent supervision, breach of contract, common…
Raymond Edward DesRosiers (also known as Ray DesRosiers), of San Mateo, California, a stockbroker registered with Emerson Equity LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $27,000.00 in damages based upon allegations that DesRosiers violated securities laws and breached his fiduciary…
Ronald G. Smith (also known as Ron Smith), of Stamford, Connecticut, a stockbroker registered with Sanford C. Bernstein Co. LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Smith made misrepresentations and omissions of…
Brad Steven Whalen, of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $235,000.00 in damages based upon allegations that Whalen was negligent, violated federal securities laws and New Jersey securities…
Russell Paul Green of Syosset, New York, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customers. ostensibly residents of the Commonwealth of Pennsylvania requested $410,000.00 in damages based upon allegations that Green committed common law…
Surya Joshua Kane Metzler of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,800.00 in damages based upon allegations that Metzler made the unsuitable investment recommendation of speculative and risky bonds and breached…
Alan Mark Mason of New York, New York, a stockbroker registered with WestPark Capital Inc., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mason made the unsuitable investment recommendations in GWG Class L Bonds during the time that he was…
Clarence Ronald Patton Jr. (also known as Ron Patton), of Red Bank, New Jersey, a stockbroker registered with Alexander Capital L.P., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim which was settled for $225,000.00 in damages based upon allegations that Patton violated Florida Securities and Investor…
David Jon Zupek of Racine, Wisconsin, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $68,500.00 in damages based upon allegations that Zupek violated FINRA rules, breached his fiduciary duties, committed fraud, breached a contract,…
Ariel A. Rivero of Miami, Florida, a stockbroker registered with Jefferies LLC, has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rivero borrowed money from a customer without firm approval and attempted to settle a customer complaint without firm knowledge. Letter…
Stephen Paul Haskell of Richmond, Virginia, a stockbroker registered with WealthForge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Haskell was negligent, provided unsuitable investment advice, and breached his fiduciary duties in…
William Dale Dobbs of Clinton, Tennessee, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $138,000.00 in damages. The customer alleged that Dobbs breached his fiduciary duties and made unsuitable recommendations in corporate bonds during…
John Norman Doiron of Toano, Virginia, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that Doiron breached his fiduciary duties, was negligent, and breached a contract in…
Mark Allen Upchurch, of Houston, Texas, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Upchurch breached his fiduciary duties and made the unsuitable investment recommendation of illiquid…
Philip Andrew Gibson, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Gibson defrauded the customer, violated securities laws, breached his fiduciary duties, was negligent,…
Robert John Sawyer (also known as Bob Sawyer) of Gulfport, Mississippi, a stockbroker registered with Stifel Independent Advisors LLC, is the subject of a customer initiated investment related civil action filed in Mississippi State Court in Harrison County in which the customer requested over $5,000.00 in estimated damages based upon allegations that Sawyer breached a…
Zachary Ellis Taylor (also known as Zach Taylor), of Newport Beach, California, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $426,000.00 in damages based upon allegations that Taylor breached his fiduciary duties, breached a…
Richard Chester Zientarski (also known as Rick Zientarski), of Punta Gorda, Florida, a stockbroker registered with Planmember Securities Corporation, was the subject of a customer initiated investment related complaint that was settled on March 6, 2024, for $15,000.00 in damages based upon allegations that Zientarski misrepresented a variable annuity as a liquid savings investment during…
Daniel B. Chancellor (also known as Dan Chancellor), of Evansville, Indiana, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Chancellor breached his fiduciary duties, made unsuitable investment recommendations, was negligent, and violated…
James D. Davis Jr. of Columbia, Tennessee, a stockbroker registered with IFP Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $42,000.00 in damages based upon allegations that Davis breached his fiduciary duties and violated securities laws in connection with the…
Larry Joseph Michaels, of Orange, California, a stockbroker registered with Crown Capital Securities LP, has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Michaels engaged in discretionary or unauthorized trading, which must be in writing and approved by the member, and…
Lawrence William Waller II, of Atlanta, Georgia, a stockbroker registered with Stonex Securities Inc., formerly Stern Agee Financial Services, Inc. , is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Waller breached his fiduciary duties…
David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…
Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the…
Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages. The claim is based on allegations that Blake recommended an unsuitable real estate security…
Louis Joseph Pellegriti, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $500,000.00 in damages based upon allegations that Pellegriti breached his fiduciary duties, engaged in churning, made misrepresentations of…
Sean Burr of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $298,000.00 in damages based upon allegations that Burr made unsuitable recommendations in speculative and illiquid real estate securities and corporate…
LOS ANGELES – The Guiliano Law Group, P.C. announced today it has filed an arbitration claim on behalf of certain investors before the Financial Industry Regulatory Authority or FINRA, against a national securities broker-dealer, and its purported Portfolio Managers, for the violation of the federal securities laws, the recommendation of unsuitable securities, negligence, common law…
Michael Joseph Valenta (also known as Mike Valenta), of Westminster, Colorado, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Valenta recommended direct investments and oil and gas…
Eugene Cebron Thompson IV (also known as Bron Thompson), of Dunn, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Thompson breached his fiduciary duties,…
Chuck A. Roberts of New York, New York and Miami Beach, Florida, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000,000.00 in damages based upon alleged negligence, breach of fiduciary duty,…
Eric Gustav Kuchherzki (also known as Eric Kuchherski), of Burlingame, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $28,000.00 in damages on January 15, 2024. The claim alleges that Kuchherzki made unsuitable invstment recommendations…
Alfred Sietze Vanderlaan (also known as Al Vanderlaan), of Watertown, South Dakota, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations that Vanderlaan violated state securities…
David Leslie Arlein of Boca Raton, Florida, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Arlein was negligent, made misrepresentations of material facts, breached a contract, breached his fiduciary duty,…
Garrett Wayne Moretz of Mooresville, North Carolina, a stockbroker registered with LifeMark Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages. The claim alleged breach of fiduciary duty, unsuitable investment recommendations, misrepresentation and omissions of material facts, negligence,…
James Ahern of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $57,750.43 in compensatory damages because Ahern and Laidlaw Company (UK) Ltd. were held liable on the customer’s…
Scott William Norvell of Omaha, Nebraska, a stockbroker registered with Cetera Advisors LLC and LPL Financial LLC, has been fined $10,000 and suspended for 2.5 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Norvell made misrepresentations of material fact in connection with annuity exchanges . Letter of Acceptance,…
Juan L. Elwaw (also known as John Elwaw), of Miami, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on August 17, 2023. The customer requested $2,900,000.00 in damages based upon allegations that Elwaw breached his fiduciary duty in connection with the recommendation and sale of…
Yann C. Faho (also known as John Faho and Jann Faho), of New York, NY, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Faho used unauthorized communication devices to correspond with customers regarding…
Edward Isaac Rosenblatt, of Mission Viejo, California, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Rosenblatt breached his fiduciary duties and breached a contract, and that Cetera Advisor Networks LLC…
Yin Yvonne Zhong (also known as Yvonne Zhong), of Milpitas, California, a stockbroker registered with Ni Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Zhong breached her fiduciary duties, was negligent, and made unsuitable recommendations in GWG Class…
Travis E. Hudson, of Columbia, South Carolina, a stockbroker registered with Pruco Securities LLC., is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages based upon allegations that Hudson breached his fiduciary duties in connection with the sale of insurance products during the time that Hudson was…
Gary Steven Costello II, of Boca Raton, Florida, a stockbroker registered with Oppenheimer Co. Inc., is the subject of an investment related FINRA securities arbitration claim in which the customer requested $2,103,426.00 in damages based upon allegations that Costello engaged in churning, unauthorized withdrawals, negligence, breach of fiduciary duty, breach of contract, fraud, and state…
George Wilson Howe, of Austin, Texas, a stockbroker associated with USCA Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Howe breached fiduciary duty and was negligent during the time that he was associated…
Joel Dale Farnsworth of Los Angeles, California, a stockbroker associated with Wedbush Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,200,000.00 in damages based upon allegations that Farnsworth was negligent and breached his fiduciary duty in connection with the…
John Andrew Rochester of Santa Fe, New Mexico, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $554,834.70 in compensatory damages because Morgan Stanley was held liable on the customer’s claims of breach of fiduciary…
Chay Thomas Lapin, of Torrance, California, a stockbroker associated with WealthForge Securities, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Lapin failed to conduct reasonable due diligence, was negligent, made unsuitable recommendations, failed to…
Craig Sherman Thistlethwaite, of Perrysburg, Ohio, a stockbroker associated with Morgan Stanley, has been discharged by the securities broker dealer on January 17, 2023. The termination was based upon Thistlethwaite supposedly entering transactions in two related customers’ accounts without receiving verbal confirmation, purchasing a timeshare from a customer without firm approval, and engaging in unauthorized…
James William Tausz (also known as Jim Tausz), of Clarion, Iowa a stockbroker associated with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon alleged unsuitable recommendations, breach of contract, fraud, breach…
John Brendan Dobbertin of Fayetteville, New York, a stockbroker associated with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $19,500.00 in damages based upon allegations that Dobbertin violated FINRA suitability rules, acted negligently, made misrepresentations and omissions…
James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties,…
Troy Jason Goldberg, of Boca Raton, Florida, a stockbroker registered with National Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Goldberg made unsuitable recommendations of private placements when Goldberg was associated with National…
Aaron Brian Graham of Salt Lake City, Utah, a stockbroker registered with United Planners Financial Services of America, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Graham breached a contract, violated FINRA rules, made unsuitable investment…
Tammie Lyn Farrell (also known as Tammie Burk and Tammie Brown), of Franklin, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Farrell committed fraud,…
Troy Thomas of Huntington Beach, California, a stockbroker registered with McDermott Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Thomas committed fraud, failed to supervise certain representatives, was negligent, breached his fiduciary duties,…
William Sideny Friedman (also known as Willie Friedman and Bill Friedman), of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Friedman breached a contract, breached his…
David Jeffrey Morris of Chicago, Illinois, a stockbroker registered with Stifel Nicolaus Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morris failed to respond to FINRA’s request for information. Letter No. 2022076282101 (May 3, 2023). In January of 2023, FINRA initiated regulatory actions against…
Ernest Sean Mishne of Beachwood, Ohio, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $192,746.31 in compensatory damages because Mishne and Oppenheimer Co. Inc. were held liable on the customer’s claims which included…
Thomas Edward Jandt, of Irvine, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $825,000.00 in damages based upon allegations that Jandt breached his fiduciary duties, made unsuitable recommendations, churned accounts, and made misrepresentations of…
Eduardo Andrew Martinez (also known as Andrew Martins and Andrew Martin), of New York, New York, a stockbroker registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $33,269.42 in damages based upon allegations that Martinez engaged in unauthorized trading, breached fiduciary…
Ivan Richard Gefen of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,200,000.00 in damages based upon allegations that Gefen breached a contract, committed fraud, was negligent, and breached fiduciary duties in connection with the…
Peter Dieter Nett of The Woodlands, Texas, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $30,000.00 in compensatory damages because Ameriprise Financial Services LLC was held liable on the customer’s claims which included that its stockbroker made…
Sean Michael Kane, of York, Pennsylvania, a stockbroker registered with Waddell Reed, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Kane based upon allegations that Kane breached fiduciary duties and committed fraud. SEC v. Sean Michael Kane, Complaint No. 1:23-cv-00371 (March 1, 2023). According to…
Robert Wyla Melberth (also known as Rob Melberth), of Sarasota, Florida, a stockbroker registered with Emerson Equity LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,276,000.00 in damages based upon allegations that Melberth committed fraud, violated state securities laws, breached…
Henry Jihua Liu of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Liu made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of alternative…
Marinos Ballas of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Ballas was negligent and breached his fiduciary duties in connection with the recommendation and sale of alternative investments…
Nabil Bouab (also known as Bilo Bouab), of Holbrook, New York, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that Bouab engaged in unsuitable trading, mismanaged investment accounts, made misrepresentations…
Betsy Lou Whipple of Hiko, Nevada, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Whipple breached a contract, made misrepresentations and omissions of material fact, and breached her fiduciary duties, and…
Brent Michael Foster of Indianapolis, Indiana, a senior wealth manager registered with Indie Asset Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $409,383.59 in damages based upon allegations that Foster breached his fiduciary duties, breached a contract, overconcentrated the customer’s account in certain investments,…
Bruce Allen Davis of Aventura, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Davis breached his fiduciary duties and committed fraud during the time that Davis was associated with Morgan Stanley. Financial Industry…
Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…
Kenneth Joseph Fisher III of Sewickley, Pennsylvania, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $10,142.17 in damages based upon allegations that Fisher breached his fiduciary duties in connection with the recommendation and sale of stocks when…
Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to…
Jason Wellington Jodway, of Waterford, Michigan, a stockbroker registered with Allstate Financial Services LLC was the subject of a civil action brought by Michigan Corporations, Securities, and Commercial Licensing Bureau. According to a Default Judgment, Jodway violated state securities laws by engaging in securities business without registration and making omissions of material fact. Case No….
David Jonathon Feigeles of Melville, New York, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,500,000.00 in damages based upon allegations that Feigeles breached his fiduciary duties, breached a contract, converted funds, was negligent, failed to supervise certain…
Michael Leonard Whitaker (also known as Mike Leonard Whitaker), of The Villages, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Whitaker breached his fiduciary duties, breached a contract, was negligent,…
Mark Samuel Epps of Bloomfield Hills, Michigan, a stockbroker registered with Michigan Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Epps violated FINRA rules, was negligent, and breached his fiduciary duties to the customer in connection with the…
Michael Anthony Fahsholtz of Wenatchee, Washington, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Fahsholtz violated securities laws, made unsuitable recommendations, breached his fiduciary duties to the customer, violated FINRA rules,…
Michael Philip Ecker (also known as Mike Ecker), of Wellington, Florida, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Ecker breached his fiduciary duties to the customer, was negligent, and breached…
William Forrest Winchester III (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Winchester made misrepresentations of material fact in connection with the…
Jerry Lawrence Goldblum, of New York, New York, a stockbroker registered with Aegis Capital Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,683.67 in damages based upon allegations that Goldblum made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the…
William John Braun (also known as Bill Braun), of Boca Raton, Florida, a stockbroker registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Braun made unsuitable investment recommendations of private placements during the time…
Louis Martin Wargo of Brecksville, Ohio, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $19,000.00 in damages based upon allegations that Wargo made unsuitable investment recommendations, was negligent, breached his fiduciary duties, breached a contract, and made misrepresentations and…
Loren Justin Morrison, of Southfield, Michigan, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,843,116.64 in damages based upon allegations that Morrison was negligent, breached a contract, breached his fiduciary duties, and made unsuitable investment recommendations during…
Richard Foerster Reynolds of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Reynolds made unsuitable investment recommendations, engaged in unauthorized trading, churned the customer’s accounts, committed fraud,…
Jon Christopher Vinge, of Seattle, Washington, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $183,000.00 in damages based upon allegations that Vinge breached his fiduciary duties, made unsuitable recommendations, made misrepresentations and omissions of material fact, and…
Benjamin William Belanger (also known as Ben Belanger), of Glendale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Belanger made unsuitable investment recommendations, failed to perform due diligence, breached his…
John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to…
Dexter Leroy Thomas of Dallas, TX, a stockbroker registered with National Planning Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Thomas failed to supervise certain registered representatives, whom were negligent, or made unsuitable recommendations, breached their fiduciary duties, and…
Peter Lewis Goffin of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Goffin committed fraud, made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with…
Joseph Patrick Roop (also known as JoePat Roop), of Belmont, NC, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $220,000.00 in damages based upon allegations that Roop was negligent, breached his fiduciary duties, made misrepresentations of material…
Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…
Nick Eugene Son of New York, NY, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $261,765.21 in damages based upon allegations that Son made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the sale…
Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s…
Michael Christopher Blumer (also known as Christopher Blumer), of Melville, NY, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $45,405.00 in damages based upon allegations that Blumer was negligent, made unsuitable recommendations, and breached his fiduciary duties in connection…
Albert Foronda of New York, NY, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Foronda breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Frank Louis Avallone of New York, NY, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Avallone made unsuitable recommendations, breached his fiduciary duties, committed fraud, and violated FINRA rules in connection with the…
David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection…
Joseph Francis Comiskey Jr. of Ronkonkoma, NY, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,500.00 in damages based upon allegations that Comiskey made misrepresentations of material fact, was negligent, and breached his fiduciary duties in connection with…
Kurt Russell Baldry of Ostego, MN, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Baldry made unsuitable investment recommendations of direct investments and oil and gas investments during the time…
Robert Thomas Crothers of Holbrook, NY, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Crothers made unsuitable investment recommendations, committed fraud, breached a contract, breached his fiduciary duties, and was…
William Martin Ornstein of Fairfield, Connecticut, a stockbroker registered with GMS Group, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $28,500.00 in damages based upon allegations that Ornstein was negligent, made misrepresentations of material fact, and breached his fiduciary duties in connection with the recommendation and…
Curtis Lee Howard (also known as Curt Howard), of Sapulpa, Oklahoma, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Howard breached his fiduciary duties, was negligent, breached a contract, and committed fraud in…
Ronald Reed McCook (also known as Ron Reed McCook Jr.), of Scottsdale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,961,500.00 in compensatory damages because First Allied Securities Inc. was held liable for sales practice…
James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Mariani made unsuitable recommendations, engaged in excessive and unauthorized trading, breached his fiduciary duties, was negligent, and…
Michael Giokas of Clarence, New York, a stockbroker registered with Fortune Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Giokas breached his fiduciary duties, was negligent, breached a contract, violated state securities laws, and violated FINRA…
John Sebastion Cangialosi Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,281,156.00 in damages based upon allegations that Cangialosi churned the customer’s account, charged excessive commissions, made misrepresentations of material fact,…
Mitchell Scott Biernick of Freeport, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Biernick failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent…
Mirsad A. Muharemovic (also known as Mirso Muharemovic), of Staten Island, New York, a stockbroker registered with Arive Capital Markets, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $115,000.00 in damages based upon allegations that Muharemovic churned the customer’s account, engaged in excessive trading, and made…
Jason Eric Zwibel (also known as Jay Bell Zwibel), of Wellington, Florida, a stockbroker registered with Garden State Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Zwibel made unsuitable recommendations and breached his fiduciary duties in connection…
Joseph Victor Alhadeff of New York, New York, a stockbroker formerly registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $129,524.00 in damages based upon allegations that Alhadeff breached his fiduciary duties, and was otherwise negligent, in connection with the recommendation and…
John Richard Boatright of Duluth, Georgia, a stockbroker formerly registered with Newbridge Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Boatright failed to respond to FINRA’s request for information in connection with the investigation of Boatright’s sales practices. FINRA Enforcement No. 2021071440501 (Jan. 18,…
Peter Charlton Budd (also known as Jay Budd) of Morristown, New Jersey, a stockbroker registered with Benjamin F. Edwards Company Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Budd failed to pay a $240,000 arbitration award obtained against him by his former…
Julie Lan Cohen of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Cohen breached her fiduciary duties, was negligent, and made misrepresentation and omissions, in violation of Financial Industry Regulatory Authority…
Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights, Texas, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $373,000.00 in damages based upon allegations that Ellefson breached his fiduciary duties, effected…
Bradley Allen Goodbred of Roselle, Illinois, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,225,000.00 in damages based upon allegations that Goodbred caused her to execute a document appointing representative as her power of…
Michael Brandon Stalcup, of Little Rock, Arkansas, an investment advisor representative with Magann Capital Corp, is the subject of an enforcement action initiated by Arkansas Securities Department in which the regulator is seeking sanctions against Stalcup based upon allegations that Stalcup made unsuitable recommendations of inverse or leveraged ETFs. (Feb. 11, 2022). Financial Industry Regulatory…
Joseph John Weinrich, of Overland Park, Kansas, a stockbroker registered with Moloney Securities Co. Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Weinrich failed to make regulatory disclosures. Case No. 2018058611601 (Feb. 1, 2022). According to…
Robert Steven Weissbein (also known as Bob Weissbein), of Plantation, Florida, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Weissbein made unsuitable recommendations, breached his fiduciary duties,…
Bernard Joseph Audet of Newtown Square, Pennsylvania, a stockbroker currently registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $8,000,000.00 in damages based upon allegations that Audet made misrepresentations and breached a fiduciary duty in connection with the recommendation and sale…
Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with…
Scott S. Niekamp of Chesterfield, Missouri, a stockbroker currently registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Niekamp misled the customer, made false representations, failed to disclose important information about investments,…
Adam Maggio of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,087,663.24 in damages based upon allegations that Maggio made unauthorized and unsuitable transactions, churned the customer’s account, acted negligently, and breached a…
Nico Joseph Rutella of Castle Rock, Colorado, a stockbroker formerly registered with National Securities Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $20,000.00 in damages based upon allegations that Rutella made omissions and misrepresentations, breached a fiduciary duty, acted negligently, and made unsuitable transactions with regard…
Ariel A. Rivero of Miami, Florida, a stockbroker formerly registered with Jefferies LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,999.00 in damages based upon allegations that Rivero made unsuitable transactions, used the customer’s funds without authorization, failed to supervise, and breached a fiduciary…
Brian David Rockowitz of Hauppauge, New York, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA arbitration claim which settled for $19,353.87 in damages based upon allegations that Rockowitz breached a fiduciary duty, breached a contract, and made unsuitable transactions in connection with the recommendation and…
Robert Patrick Macnamee of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,840.85 in damages based upon allegations that Macnamee breached a contract, breached a fiduciary duty, and made unsuitable transactions with regard to…
Richard A. Rodriguez Jr. of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Rodriguez made misrepresentations, acted negligently, breached a fiduciary duty, breached a contract, and…
Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…
Ahmad Mohamed Maklouf (also known as Ed Maklouf) of New York, New York, a stockbroker currently registered with Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages based upon allegations that Maklouf churned accounts, breached a fiduciary duty, made unsuitable and…
John Dennis Lowry of New York, New York, the owner of Spartan Capital Securities LLC, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages because Lowry allegedly breached a fiduciary duty and had recommended unsuitable investments while he was registered with Spartan Capital Securities. Financial…
Robin Lee Taliaferro of Solvang, California, a stockbroker formerly registered with Boustead Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with a FINRA investigation concerning accusations of Taliaferro’s sales practice violations at Boustead Securities as well as Sutter Securities Incorporated…
Andrew Raymond Scheirer (also known as Andy Haas) of Lake Mary, Florida, a stockbroker formerly registered with Kovack Securities and Purshe Kaplan Sterling Investments, was referenced in a customer initiated FINRA securities arbitration claim which was settled for $17,500.00 in damages based upon on the allegations that Kovack failed to supervise and that Scheirer made…
Michael Christopher Martino of New York, New York, a stockbroker currently registered with Four Points Capital Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages based upon accusations that Martino provided unsuitable investment advice by Martino from 2014 to 2017 in connection…
Timothy Allen Thelen (also known as Tim Thelen) of Middletown, New Jersey, a stockbroker formerly registered with Accelerated Capital and Aeon Capital, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $1,500,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to private placement…
Antoine Nabih Souma of Los Angeles, California, a stockbroker formerly registered with JP Morgan Securities LLC and Morgan Stanley, has been fined $20,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Souma provided a customer with misleading and incorrect accounts reports…
Edgar A. Kleydman of Brooklyn, New York, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is named in a customer initiated investment related FINRA securities arbitration claim where the customer received an award of $10,325.32 in damages supported by findings of Kleydman’s sales practice violations. The Statement of Claim alleges negligence,…
Matthew William Crafa of Garden City, New York, a stockbroker currently registered with Royal Alliance Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $525,000.00 in damages founded on accusations of breach of fiduciary duty, negligence, misrepresentation, and the violation of FINRA Rules 2111 and 2110…
Janie Garza-Clark of Scottsdale, Arizona, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Garza-Clark failed to testify in an investigation relating to allegations of her activities with a customer during the time that Garza-Clark…
Steven Andrew Greer of Charlotte, North Carolina, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related civil lawsuit where the customer requested $25,000.00 in damages based upon allegations of unsuitable recommendations by Greer concerning direct participation programs, business development corporations, real estate securities, and fixed annuities during…
Clifford Ronald Reid of New York, New York, a stockbroker currently registered with Reid Rudiger LLC, is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $21,000.00 in damages supported by accusations that Reid breached a fiduciary duty to the customer in reference to stock and over-the-counter equities trades…
Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster, Pennsylvania, a stockbroker formerly registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $275,000.00 in damages based upon accusations that Braverman provided unsuitable advice to the customer regarding direct participation program…
Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages based upon allegations that Fasciglione made misrepresentations to the customer regarding stocks during the time that he was employed by Aegis Capital…
Dustin Paul Shafer of Springfield, Illinois, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations that the customer was placed into unsuitable direct participation program interests or limited partnership interests when Shafer was employed…
Thomas Edison Kelly of New York, New York, a stockbroker currently registered with Aegis Capital Corp., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $20,651.79 in damages based upon accusations of breach of fiduciary duty, breach of contract, and unsuitable transactions by Kelly when he was associated…
Randy Lee Birkinbine, of North Oaks, Minnesota, a stockbroker formerly registered with Ausdal Financial Partners Inc., is referenced in a customer initiated investment related securities arbitration claim where the customer requested $100,000.00 in damages founded on accusations of breach of fiduciary duty concerning Birkinbine’s private placements when he was employed by Ausdal Financial Partners. Financial…
Ricky Alan Mantei (also known as Ricky Alan Mantel), a stockbroker and branch manager of Centaurus Financial, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that between 2013 and 2019, misrepresentations and unsuitable trades were made at Centaurus Financial. Financial…
Michael Gerard Tate (also known as Mike Tate) of San Mateo, California, a stockbroker formerly registered with Securian Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $37,500.00 in damages supported by accusations of Tate making an unsuitable sale of a variable annuity to the…
Nicholas James Schiano of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages founded on accusations that the customer’s account was churned and that unauthorized trades were made by Schiano during…
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $370,006.75 in damages based upon accusations of fraud and the violation of federal and Texas securities laws concerning mutual fund and direct…
William Michael Robertson of Deer Park, Texas, a stockbroker formerly registered with First Allied Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages based upon allegations of negligence and breach of contract in regard to real estate security transactions executed by Robertson during…
Michael Anthony Valdini, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,277,631.00 in damages founded on allegations of breach of contract and violations of both FINRA and SEC rules concerning over-the-counter equities…
John Dennis Lowry, of New York, New York, a stockbroker and Chief Executive Officer of Spartan Capital Securities, is referenced in another customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations including failure to supervise, unauthorized trading, misrepresentation, unsuitability, breach of fiduciary duty, and churning concerning…
William Charles Burks (also known as Bill Burks II), of Flower Mound, Texas, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages founded on accusations of breach of fiduciary duty by Burks regarding a real estate…
Mark Katz, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 18, 2020, where the customer sought $357,000.00 in damages supported by accusations of breach of fiduciary duty and misrepresentation by Katz concerning the customer’s investments at Hilltop Securities….
Marcello Lattuca, of Massapequa, New York, a stockbroker currently registered with NBC Securities Inc., is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations of elder abuse and breach of fiduciary duty pertaining to real estate security and stock transactions executed by Lattuca between 2012…
Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he…
Robert Brian Wolfe, of Fort Lauderdale, Florida, a stockbroker formerly registered with Goldman Sachs Co. LLC, was discharged as a stockbroker on September 30, 2021, founded on accusations of Wolfe’s handling of customer complaints without notifying Goldman Sachs Financial Management. Wolfe was also accused of activities relating to customer communications centered around market valuations and…
Austin Richard Dutton Jr. (also known as Austin Richard Duttin), of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages based upon allegations that Dutton breached a fiduciary duty and breached a contract relating…
Daniel Della Rosa, of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been issued a Decision and Order of Offer of Settlement by Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers where Della Rosa has been barred from associating with any FINRA member in any capacity based on findings that he…
Robert Patrick MacNamee, of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages founded on accusations of MacNamee’s unsuitable investment recommendations concerning the customer’s account at Aegis Capital Corp. Financial Industry Regulatory…
Robert Anthony Guidicipietro (also known as Robert A. Peters), of Bay Ridge, New York, a stockbroker formerly registered with Arive Capital Markets, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Guidicipietro made excessive and unsuitable trades in…
Gregory Jon Williams (also known as Greg Williams), of Greenwood Village, Colorado, a stockbroker formerly registered with Forta Financial Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of the violation of federal and state securities laws concerning…
Darren Michael Kubiak, of Alpharetta, Georgia, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,000,000.00 in damages founded on accusations of breach of fiduciary duty and the violation of securities laws regarding preferred stock, real estate security, and…
Lawrence John Fawcett Jr. (also known as Larry Fawcett), of Los Angeles, California, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $545,727.12 in compensatory damages based upon WestPark Capital being found liable on the customer’s causes of action,…
Eric Peter Weschke, of Setauket, New York, a stockbroker currently registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $138,000.00 in damages founded on accusations of negligence and unsuitable alternative investment transactions by Weschke during the time that he was associated with…
Brenda Louise Labar, of Redlands, California, a stockbroker formerly registered with MSI Financial Services, is identified in a customer initiated investment related written complaint which was settled on May 12, 2020, to resolve accusations of Labar’s misrepresentations to the customer relating to a variable annuity sale when Labar was employed by MSI Financial Services. Financial…
Clifford Edward Bryan III, of Merrillville, Indiana, a stockbroker formerly registered with Wells Fargo Clearing Services, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $695,000.00 in damages founded on accusations that Bryan failed to supervise a stockbroker’s recommendations in a customer’s account at Wells Fargo Clearing Services….
Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
Laurence Jordan Russo (also known as Larry Russo and as Jordan Russo), of Fort Lauderdale, Florida, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $37,500.00 in damages supported by accusations that Russo breached a fiduciary duty while he was…
Levert Caldwell (also known as Lee Caldwell and Trey Caldwell), of Red Bank New Jersey, a stockbroker formerly registered with First Standard Financial Company, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $461,000.00 in damages based upon accusations of unsuitable and excessive trading by Caldwell during…
Michael Philip Capolongo, of Garden City, 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 requested $330,113.00 in damages based on allegations that Capolongo breached a fiduciary duty regarding common and preferred stock transactions during the period that he…
Thomas Duggan, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 in damages based on allegations of excessive trading by Duggan while he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA)…
David John Melilli of Moorestown, New Jersey, a stockbroker formerly registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Melilli executed unauthorized trades in a customer’s account during the time that he was associated with Sagepoint Financial Inc….
Yann C. Faho (also known as Jann C. Faho and as John Faho), of New York, New York, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $180,000.00 in damages based upon allegations of unsuitable trading by Faho which…
Rafael Alberto Gonzalez, of Coral Gables, Florida, a stockbroker currently registered with Morgan Stanley, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $78,000.00 in damages founded on allegations that Gonzalez provided unsuitable recommendations to the customer regarding closed-end funds during the time that he was associated with…
Scott Cory Ente of Syosset New York a stockbroker currently registered with David Lerner Associates is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon accusations of Ente misrepresenting information pertaining to Puerto Rico bonds when he was employed by…
Sebastian Wyczawski of Manorville New York a stockbroker formerly registered with Joseph Stone Capital LLC 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 Wyczawski made unsuitable recommendations to customers while he was associated with Joseph Stone Capital….
Mark Alan Haenny of Loveland Colorado a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon accusations including negligence and unsuitable recommendations by Haenny as it pertained to LPs and DPPs during the period that…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited…
Dennis Daniel Herrera of Miami Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $139,399.00 in damages supported by accusations that Herrera breached a fiduciary duty and breached a contract during the period that he was employed…
Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside…
Evan Kyle Davis (also known as Garry Davis) a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages founded upon accusations of the violation of Securities Exchange Act of 1934 Section 10(b) in reference to the unit…
Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $450,000.00 in damages founded upon accusations of misrepresentations and omissions regarding mutual fund transactions and a private placement offering during…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker and investment adviser representative of Geneos Wealth Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based on accusations that Braverman gave unsuitable advice concerning direct investments including direct participation programs…
Bruce Anthony Ciallella of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $100,000.00 in damages supported by accusations of fraud and the violation of Florida Securities and Investor Protection Act concerning the sale of…
Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary…
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…
Blake H. Kiernan of Melville New York a stockbroker registered with Four Points Capital Partners LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon allegations that Kiernan did not comply with a FINRA Arbitration Award in which he was required to pay a customer $69,250.00…
William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments…
Peter David Schiff of Newport Beach California a stockbroker currently registered with AGP Alliance Global Partners is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded upon accusations of breach of contract and breach of fiduciary duty as it pertained to private placements sold…
Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages founded upon allegations that Lors provided unsuitable recommendations as it pertained to private placements during the…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is referenced in a customer initiated investment related written complaint on April 7, 2021, in which the customer requested more than $5,000.00 in damages based on allegations of a breach of fiduciary duty by Dewes as it pertained…
Scott Geoffrey Madison of Riverhead New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into why Merrill Lynch terminated his registration as stockbroker. Letter…
Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as…
Robert Scott Smith of Newberg Oregon a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related written complaint on May 10, 2021 in which the customer sought $678,500.00 in damages supported by accusations that they had been sold unsuitable private placements by Smith while he was registered with…
Robert Henderson Jr of Miami Lakes Florida a stockbroker formerly registered with IFS Securities has been fined $30,000.00 and suspended for 13 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA Hearing Panel Decision containing findings that Henderson engaged in unapproved outside business activities and had…
Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly registered with Ameriprise Financial Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $230,000.00 in damages supported by accusations of unsuitable trades and breach of fiduciary duty by Caveness when he was associated with Ameriprise…
Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was…
Allan Perry Montalbano of Garden City New York a stockbroker formerly registered with Four Points Capital Partners LLC and Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages founded on accusations that they had received unsuitable investment recommendations from Montalbano…
David Richard Geake of Northbrook Illinois a stockbroker currently registered with American Trust Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Geake breached a fiduciary duty and placed the customer into securities that were not suitable for them…
David Michael Murray of New York New York a stockbroker formerly registered with Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $653,700.00 in damages based upon accusations that between August of 2017 and December of 2019, stock and over-the-counter equities transactions…
George Craig Merhoff Jr of Klamath Falls Oregon a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $500,000.00 and $1,000,000.00 in damages based upon accusations that the customer’s account had been overconcentrated by Merhoff in unsuitable investments including…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $100,000.00 in damages based on allegations that the customer was sold unsuitable equities by Reznik while he was associated with Raymond James Financial Services….
David John Melilli of Moorestown New Jersey a stockbroker formerly registered with SagePoint Financial Inc. is the focus of a FINRA investigation on April 1, 2021 in which FINRA has determined that disciplinary action should be taken against Melilli for allegedly making excessive and unsuitable trades and for forging customer signatures. Case No. 20190636810 (Apr….
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…
Steven Roland Knuttila of Perham Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages founded on allegations that a contract between the customer and Capital Financial Services had been breached and that…
Brandon Curt Stimpson of Logan Utah a stockbroker formerly registered with Allegis Investment Services LLC has been fined $125,000.00 and barred by Utah Securities Division from being a stockbroker in the state based on allegations of Stimpson omitting and misrepresenting investment information about index options and for committing fraud when he was associated with Allegis…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to…
Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages supported by accusations of negligence regarding the sale of interests in a private placement and the sale of a real estate security…
Perry De Leeuw (also known as Perry Lynn De Leeun and as Perry Lynn Deleeuw) of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $152,715.00 in damages based on accusations of the customer incurring damages after providing…
Mark Huber of Racine Wisconsin a stockbroker and investment adviser representative of Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $32,000.00 in damages supported by accusations that Huber breached a fiduciary duty in reference to a real estate investment trust (REIT) that…
Clyde Warren Ford of Fresno California a stockbroker formerly registered with Kestra Investment Services LLC has been referenced in a customer initiated investment related civil action in which the customer obtained a judgement of $410,000.00 in damages based upon accusations of fraud relating to their purchase of Panthera. Civil Action No. 19CECG03981 (Oct. 8, 2020)….
William Edward Torriente Jr. (also known as Ed Torriente and as Eddy Torriente) of Phoenix Arizona a stockbroker formerly registered with Comerica Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages founded on accusations that Torriente breached a fiduciary duty to the customer…
Jennifer W. Ling (also known as Jenifer W. Li) of New York New York a stockbroker formerly registered with Axiom Capital Management Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Ling provided unsuitable recommendations concerning an alternative investment that…
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…
Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu…
Mark Frederick Augusta (also known as Mark Fred Augusta) a stockbroker registered with Wedbush Securities Inc. and Hilltop Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that Augusta made misrepresentations to the customer regarding structured products and…
Marc Romeyn Lippman of Washington DC a stockbroker formerly registered with Folger Nolan Fleming Douglas Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he effected unauthorized trades in customer accounts and had falsified testimony when he was investigated by FINRA regarding his…
Christopher Thomas Tolmacs of Portage Michigan a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $225,000.00 in damages based upon allegations of the violation of securities rules and the breach of fiduciary duty by the stockbroker as it pertained to…
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….
John Sebastion Cangialosi of New York New York a stockbroker registered with Worden Capital Management and SW Financial is under a Financial Industry Regulatory Authority (FINRA) investigation in which Cangialosi may face disciplinary action for allegedly making unsuitable recommendations to customers. Case No. 20170564326 (Sept. 15, 2020). According to FINRA Public Disclosure, FINRA recommended for…
Wayne Ivan Miiller of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer sought $13,204,427.00 in damages founded on allegations that unsuitable alternative investments were sold to the customer by an Accelerated Capital Group stockbroker under Miiller’s…
PHILADELPHIA (May 27, 2021). The Guiliano Law Group is pleased to announce that a FINRA Securties Arbitration Panel, siting in Atlanta, after a series of lengthy hearings last month, rendered an Final Award in the amount of $1,978,713 for our clients in 18-04008 Executed Award. The Award includes interest, costs and attorney’s fees of $328,540,…
Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with Kovack Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages supported by allegations that the customer was placed into unsuitable real estate investment trusts by…
John Stephen Pronovost of Watertown Connecticut a stockbroker formerly registered with Cambridge Investment Research is referenced in a customer initiated investment related written complaint on October 16, 2020 in which the customer requested $88,800.00 in damages supported by allegations that the customer was placed into unsuitable real estate securities and mutual funds while Pronovost was…
John F. Riccardi Jr of New York New York a stockbroker formerly registered with Windsor Street Capital LP is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $250,000.00 in damages based on Riccardi and Windsor Street Capital being found liable on the customer’s causes of action…
Dennis Phillip Ayre of Beverly Hills California a stockbroker formerly registered with Oppenheimer Company Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages based upon allegations that the customer’s assets had been overconcentrated by Ayre in Foresight Energy LP stock between September of…
Gregory Spencer O’Brien of New York New York a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $153,300.00 in damages founded on accusations that the customer had been placed into poorly performing investments between 2013 and 2019 during the period…
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…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is referenced in a customer initiated investment related written complaint on January 22, 2021 where the customer requested $100,000.00 in damages supported by accusations that they had been placed into unsuitable mutual funds and direct investments when the…
Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities is the subject of a Financial Industry Regulatory Authority (FINRA) investigation where the regulator believes that disciplinary action should be pursued against Schisler for allegedly providing unsuitable investment recommendations to customers in violation of FINRA Rules 2010 and 2111(a). FINRA Case…
Ray Gene Reese of Farmington Montana a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $400,000.00 in damages based upon allegations that misrepresentations and omissions had been made to them concerning investments in GPB when Reese was associated…
Jack Howard Owens Jr. of Lady Lakes Florida a stockbroker formerly registered with Gradient Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $17,500.00 in damages supported by accusations that there was a breach of fiduciary duty by the stockbroker and that the customer’s annuity…
Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages supported by accusations of unsuitable recommendations being made to the customer concerning GPB and other direct investments including DPPs or…
James Blake Daughtry of Dothan Alabama a stockbroker formerly registered with Kestra Investment Services LLC is referenced in a customer initiated investment related civil action where the customer sought $231,752.00 in damages supported by accusations that they had been steered by Daughtry towards establishing investment accounts with an investment adviser who Securities Exchange Commission (SEC)…
Gregory Jon Williams (also known as Greg Williams) a stockbroker formerly registered with Forta Financial Group Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $250,000.00 in damages supported by accusations of misrepresentation and breach of fiduciary duty as it pertained to the customer’s investments in…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is referenced in a customer initiated investment related complaint on October 21, 2020 in which the customer requested $50,000.00 in damages based upon allegations that unsuitable real estate investment trusts had been sold to them during the time that…
Shlomo Strugano (also known as Shlomy Strugano and as Solomon Strugano) of Reseda California a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $750,000.00 in damages supported by accusations of elder abuse and misappropriation. Financial Industry Regulatory Authority (FINRA)…
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…
Scott Alan Sanders of Fort Myers Florida a stockbroker formerly registered with Stifel Nicolaus Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $100,000.00 in damages supported by Stifel Nicolaus being found liable on the customer’s claims including breach of contract and breach…
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…
Todd Michael Ellentuck of Morristown New Jersey a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related written complaint on July 6, 2020 in which the customer requested $420,000.00 in damages founded on accusations that a contract between the customer and the securities broker dealer had been breached and…
John Edward Cassandra of Boynton Beach Florida a stockbroker currently registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $14,999.00 in damages based upon accusations of unsuitable equities being purchased in the Raymond James customer’s account between November 7, 2001 and March…
Richard Anthony Rodriguez of Fruitland Park Florida a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages based upon allegations that the customer sustained losses on direct participation program interests or limited partnerships interests because of…
Anthony Joseph Cantone of Eatontown New Jersey a stockbroker and Chief Executive Officer of Cantone Research is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Cantone omitted and misrepresented information about municipal bonds and had committed securities fraud. Case No. 2017055886402 (Oct. 29, 2020). According to FINRA Public Disclosure, Cantone…
Charles Thomas Stevens of Saint Augustine Florida a stockbroker formerly registered with DH Hill Securities LLLP has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement with failing to testify regarding allegations of his concealment of judgements and tax liens. Department of Enforcement v. Charles Thomas Stevens. 2017056627801 (Dec. 1, 2020). According to…
Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested compensatory damages estimated to exceed $5,000.00 based upon allegations that a fiduciary duty was breached and that misrepresentations and omissions had been made by the…
Kevin Kimball Meadows of Liverpool New York a stockbroker formerly registered with First Allied Securities and Cape Securities is referenced in a customer initiated investment related written complaint on April 30, 2020 where the customer requested $168,000.00 in damages based upon allegations that transactions executed in the First Allied Securities customer’s account were not suitable…
Julian Howard Gingold of New York New York a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on February 25, 2019 where the customer sought more than $5,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been…
Richard Jay Bernstein (also known as Richard Jay Berstein) of Incline Village Nevada a stockbroker and investment adviser representative of Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon allegations that unauthorized trades were executed in the customer’s account and…
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…
Christopher Paul Puffer of Louisville Kentucky a stockbroker formerly registered with Money Concepts Capital Corp and Money Concepts Advisory Services is the subject of a customer initiated investment related arbitration claim that was settled for $14,500.00 in damages based upon allegations of negligence and a breach of contract governing the customer’s alternative investment purchases including…
Wills Schneider Henriquez (also known as Wills S. Henrtquez) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages based upon allegations that a fiduciary duty that was owed to the customer had…
Douglas De Wayne Peterson (also known as Doug Peterson) of North Platte Nebraska a stockbroker formerly employed by Sagepoint Financial Inc. and investment adviser representative of Professional Financial Advisors is referenced in a customer initiated investment related written complaint which was resolved for $12,895.52 on March 31, 2020 based upon accusations that the customer’s investment…
Yann C. Faho (also known as Jann C. Faho and as John Faho) of New York New York a stockbroker currently registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $462,259.99 in damages founded on allegations that the customer had purchased unsuitable investments through…
Michael Christopher Venturino of Melville New York a stockbroker formerly registered with Aegis Capital Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages supported by accusations that a contract between the customer and the securities broker dealer had been breached and that…
Dominic Joseph Linsalata Jr. of Boca Raton Florida a stockbroker currently registered with Dawson James Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $670,237.00 in damages founded on allegations of elder abuse and breach of contract by Linsalata when Linsalata was associated with Dawson James Securities. Financial…
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…
Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly registered with Cetera Advisors LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $35,695.00 in damages based upon accusations of Balser breaching a fiduciary duty do the customer and having defrauded the customer while employed by Cetera Advisors…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,710,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been breached and that the stockbroker…
Gary Arthur Forrest of Flint Michigan a stockbroker formerly registered with American Portfolios Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations of negligence and the breach of fiduciary duty by the stockbroker with respect to his sales of real estate securities…
William Perry Randall (also known as W. Perry Randall) of Rockford Illinois a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $40,000.00 in damages based upon accusations that the customer had been advised to invest in energy sector investments which…
Murray Todd Petersen (also known as M. Todd Petersen) of Roseville California a stockbroker formerly employed by SCF Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $960,000.00 in damages founded upon accusations of the breach of fiduciary duty and fraud as it pertained to an outside…
John Anthony Orlando of Fort Lauderdale Florida a stockbroker formerly employed by WestPark Capital is referenced in a customer initiated investment related arbitration claim in which the customer sought $338,500.00 in damages supported by allegations that between August of 2016 and March of 2017, the customer had been sold securities in a bad private placement…
Joseph Gerard Michaletz (also known as Joe Michaeletz) a stockbroker currently employed by DAI Securities LLC and an investment adviser representative of DAI Wealth Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,000,000.00 in damages founded upon accusations that the customer had been placed into bad alternative…
Joseph Hersey Pratt (also known as Joseph Butcher and as J.H. Pratt) of Conshohocken Pennsylvania a stockbroker formerly employed by Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim where the customer sought $232,000.00 in damages founded upon allegations of the violation of Section 517 of the Florida Securities and Investor…
David Wilson Fleming II of White Plains New York a stockbroker formerly registered with Stifel Nicolaus has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he neglected to confirm with FINRA whether he paid $401,000.00 in compensatory damages plus interest to a customer as…
Jacob Ray Kagele of Tucson Arizona a stockbroker formerly employed by Mutual Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer was awarded $35,631.76 in compensatory damages supported by Kagele being found liable on the customer’s causes of action including that a contract between the customer and the…
John Hoff Russell of Clayton Missouri a stockbroker and investment adviser representative currently registered with Stifel Nicolaus Co. Inc. has been named in a customer initiated investment related arbitration claim in which the customer was awarded $800,000.00 in compensatory damages supported by Russell being found liable on the customer’s causes of action including that FINRA…
Narinder Kaur Singh (also known as Narinder Dutt) of Sacramento California a stockbroker formerly employed by ProEquities Inc. and Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to cooperate with a FINRA investigation into accusations of her…
Andrew Bruce Elsoffer of Pepper Pike Ohio a stockbroker formerly registered with Stifel Nicolaus Company is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and that…
Gregory Roy Tucker of Des Moines Iowa a stockbroker currently employed by DA Davison Co. is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages supported by accusations that the customer had been provided unsuitable investment advice from Tucker during the period in which he was associated with…