Breach of Fiduciary Duty

Archive | Breach of Fiduciary Duty

Investors File Securities Arbitration Claim Against First Allied Securities

March 31, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against First Allied Securities

Jeffrey Guy Labelle (also known as Jeff Labelle) of Sarasota Florida a stockbroker formerly registered with First Allied Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages founded on accusations that the customer’s First Allied Securities account had been negligently supervised and that […]

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Investors File Securities Arbitration Claim Against Aegis For Unsuitable Trading

March 31, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Aegis For Unsuitable Trading

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 […]

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Ameriprise Sued By Investors For BDC Fraud

March 18, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Investment and Regulatory News   |   Comments Off on Ameriprise Sued By Investors For BDC Fraud

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 […]

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David Lerner Of David Lerner Accused Of Unsuitable Trading

March 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on David Lerner Of David Lerner Accused Of Unsuitable Trading

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 […]

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FINRA Investigates IFS Stockbroker For Unsuitable Investment Advice

March 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News   |   Comments Off on FINRA Investigates IFS Stockbroker For Unsuitable Investment Advice

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 […]

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Investors File Arbitration Claim Against Money Concepts For Misrepresentation

March 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against Money Concepts For Misrepresentation

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 […]

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Investors File Arbitration Claim Against Gradient For Breach Of Fiduciary Duty

March 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against Gradient For Breach Of Fiduciary Duty

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 […]

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Investors Bring FINRA Securities Arbitration Against Madison Avenue Securities For Unsuitable Advice

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration   |   Comments Off on Investors Bring FINRA Securities Arbitration Against Madison Avenue Securities For Unsuitable Advice

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 […]

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Investors File Arbitration Claim Against Kestra

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Selling Away and Outside Activities, Unregistered Securities   |   Comments Off on Investors File Arbitration Claim Against Kestra

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) […]

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Investors File FINRA Arbitration Claim Against Forta Financial For Misrepresentation

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Arbitration Claim Against Forta Financial For Misrepresentation

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 […]

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Investors Accuse GF Investment Services Of Unsuitable REIT Recommendations

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unregistered Securities   |   Comments Off on Investors Accuse GF Investment Services Of Unsuitable REIT Recommendations

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 […]

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Investors File Arbitration Claim Against First Allied Securities For Misappropriation

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Elder Financial Abuse, FINRA Securities Arbitration, Forgery, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Arbitration Claim Against First Allied Securities For Misappropriation

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) […]

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Investors File FINRA Arbitration Against Prospera Sued For Breach Of Fiduciary Duty

March 08, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Investors File FINRA Arbitration Against Prospera Sued For Breach Of Fiduciary Duty

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 […]

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Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

February 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration   |   Comments Off on Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

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 […]

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Kalos Capital Sued For Breach Of Fiduciary Duty

February 01, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Failure to Conduct Due Diligence, Investment and Regulatory News   |   Comments Off on Kalos Capital Sued For Breach Of Fiduciary Duty

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 […]

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Investors File Arbitration Claim Against Aegis For Fraud

January 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Stockbroker Negligence   |   Comments Off on Investors File Arbitration Claim Against Aegis For Fraud

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 […]

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Investors File Arbitration Claim Against Raymond James

January 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against Raymond James

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 […]

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Concorde Investment Services Sued For Negligence

January 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Stockbroker Negligence   |   Comments Off on Concorde Investment Services Sued For Negligence

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 […]

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Investors File Lawsuit Claim Against Centaurus Financial

January 03, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News   |   Comments Off on Investors File Lawsuit Claim Against Centaurus Financial

Robert Joseph Binkele of Indian Wells California a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related civil action in the Superior Court of California in which the customer sought more than $5,000.00 in damages supported by allegations of breach of fiduciary duty by Binkele as it pertained […]

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FINRA Investigates Cantone CEO For Misrepresentation

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Municipal Bond Fraud   |   Comments Off on FINRA Investigates Cantone CEO For Misrepresentation

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 […]

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FINRA Charges DH Hill Stockbroker In Investigation

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Business Development Companies, Investment and Regulatory News   |   Comments Off on FINRA Charges DH Hill Stockbroker In Investigation

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 […]

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Investors File Securities Arbitraton Claim Against Sagepoint For Breach Of Fiduciary Duty

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Securities Arbitraton Claim Against Sagepoint For Breach Of Fiduciary Duty

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 […]

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Investors Accuse First Allied Of Unauthorized Trading

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse First Allied Of Unauthorized Trading

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 […]

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UBS Accused By Investors Of Breach Of Fiduciary Duty

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on UBS Accused By Investors Of Breach Of Fiduciary Duty

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 […]

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Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

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 […]

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Oppenheimer Bring FINRA Arbitration Claim Against By Investors For Breach Of Fiduciary Duty

December 01, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims   |   Comments Off on Oppenheimer Bring FINRA Arbitration Claim Against By Investors For Breach Of Fiduciary Duty

Eva Alla Kitova of New York New York a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by accusations of negligence and the violation of New York law as it pertained to over-the-counter equities that Kitova sold during […]

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Investors Bring FINRA Arbitration Claim Against Westpark Capital For Fraud

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

Lawrence John Fawcett Jr. (also known as Larry Fawcett Jr.) has been named in a customer initiated investment related arbitration claim where the customer was awarded $35,663.00 in compensatory and punitive damages founded on a FINRA Arbitrator finding Fawcett liable on the customer’s causes of action including breach of fiduciary duty and fraud as it […]

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Investors Bring FINRA Arbitration Claim Against Money Concepts For Breach Of Fiduciary Duty

November 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Money Concepts For Breach Of Fiduciary Duty

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 […]

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Investors Bring FINRA Arbitration Claim Against Network 1 For Breach Of Fiduciary Duty

November 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Network 1 For Breach Of Fiduciary Duty

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 […]

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Investors Bring FINRA Arbitration Claim Against Aegis Capital For Breach Of Fiduciary Duty

November 04, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Aegis Capital For Breach Of Fiduciary Duty

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 […]

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