Churning

Archive | Churning

Spartan Stockbroker Investigated By FINRA For Churning

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

Christopher George Orlando of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is the subject of a FINRA investigation where the regulator recommended for Orlando to face disciplinary action by FINRA Department of Enforcement for allegedly trading on an excessive basis in customer accounts. Case No. 20170564326 (Sept. 18, 2020). […]

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SW Stockbroker Investigated For Excessive Trading

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

Peter N. Girgis of New York New York a stockbroker currently registered with SW Financial is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on September 15, 2020 where Girgis may face disciplinary action from FINRA Department of Enforcement based on accusations of unsuitability and excessive trading by the stockbroker. According to FINRA Public […]

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Legend Securities Named In Securities Arbitration Claim By Investors For Churning

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

Anthony Fusco of New York New York a former stockbroker and Chief Executive Officer of Legend Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $345,369.00 in damages supported by accusations of Fusco failing to supervise Legend stockbrokers who executed unsuitable transactions in the […]

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FINRA Finally Bars Global Arena Stockbroker In Boilerroom Bond Scam

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

Jonah Engler (also known as Jonah Engler-Silberman) of New York New York a stockbroker formerly registered with Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to pay a customer compensatory damages after being found liable for sales […]

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Investors File FINRA Securities Arbitration Claim Aegis For Excessive Trading

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

Cory David Bataan of Melville New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $200,000.00 in damages based upon accusations that trades were effected in the customer’s account on an excessive and unsuitable basis by Bataan during the time […]

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Laidlaw Company Bring FINRA Arbitration Claim Against By Investors For Churning

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

Joseph Michael Fedorko Junior of Greenwich Connecticut a stockbroker currently employed by Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,700,000.00 in damages based upon allegations of unauthorized and unsuitable trading by Fedorko causing the customer to incur losses on equities and private […]

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

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

Barry Todd Eisenberg of New York New York a stockbroker and branch manager formerly registered with Alexander Capital LP is the subject of a customer initiated investment related arbitration claim in which the customer requested $606,046.00 in damages based upon allegations that Eisenberg failed to supervise stockbrokers who executed inappropriate stock transactions in at least […]

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FINRA Bars McNally Stockbroker In Investigation

November 30, 2020  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars McNally Stockbroker In Investigation

Lawrence Burton Goldstein (also known as Larry Goldstein) of Sparks Nevada a stockbroker formerly registered with McNally Financial Services Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Goldstein obstructed a FINRA investigation into allegations of his potential excessive and unsuitable trading in […]

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Investors Bring FINRA Arbitration Claim Against Joseph Stone For Churning

November 04, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Joseph Stone For Churning

Peter Joseph Mirenda of New York New York a stockbroker currently registered with Joseph Stone Capital LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $216,000.00 in damages founded on allegations that trades were effected in the customer’s account on an excessive basis and that securities laws were […]

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FINRA Sanctions Network 1 Stockbroker For Churning

November 04, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions Network 1 Stockbroker For Churning

Donatas Belys Vildzius (also known as Donatas Vildzins and as Donatus Vildzins) of Danbury Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Vildzius executed excessive trades in customer accounts […]

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FINRA Bars Another SW Financial Stockbroker

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

Christopher Anthony Fernan of Melville New York a stockbroker formerly registered with Salomon Whitney Financial (SW Financial) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he neglected to testify for FINRA during the period that he was under investigation for a customer complaint. […]

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Another Spartan Stockbroker Investigated For Unauthorized Trading

November 04, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Another Spartan Stockbroker Investigated For Unauthorized Trading

Marc Augustus Reda of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has made an initial determination for Reda to face disciplinary action supported by accusations of Reda effecting trades in customer accounts on an […]

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Capital City Securities Sanctioned For The Failure To Supervise Keener

October 08, 2020  |   Posted by :   |   Churning, Excessive Trading, Failure To Supervise, Securities Arbitration Claims, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Capital City Securities Sanctioned For The Failure To Supervise Keener

Capital City Securities LLC a securities broker dealer headquartered in Powell Ohio has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that Capital City failed to supervise the suitability of trades that its stockbrokers effected in customer accounts. Letter of Acceptance Waiver and Consent No. Letter of Acceptance Waiver and Consent No. […]

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Monmouth Capital Stockbroker Sanctioned For Churning Investor Accounts

October 08, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Monmouth Capital Stockbroker Sanctioned For Churning Investor Accounts

Robert Steven Meyer of Holmdel New Jersey a stockbroker formerly registered Monmouth Capital Management (MCM) has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Meyer effected transactions in customer accounts on an excessive and unsuitable basis. Letter of Acceptance Waiver and […]

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FINRA Bars Another First Standard Stockbroker For Churing Investor Accounts

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

Alec C. Franks of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with FINRA during the course of its investigation into allegations of his excessive […]

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Garden State Stockbroker Barred For Failure to Pay Arbitration Award

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

Garland Sean James (also known as Gary James) a stockbroker formerly registered with Garden State Securities and Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he neglected to cooperate with the terms of a FINRA Arbitration Award in which […]

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Investors Sue Morgan Stanley For Excessive Trading

July 20, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Investors Sue Morgan Stanley For Excessive Trading

Michael Frank Paesano of New York New York a stockbroker formerly employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on accusations that trades were executed in the customer’s account in excessive amounts between July of 2014 and December of 2016 while […]

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FINRA Files Complaint Against Integrity Brokerage Services

July 20, 2020  |   Posted by :   |   Churning, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Files Complaint Against Integrity Brokerage Services

Integrity Brokerage Services a securities broker dealer headquartered in Indianapolis Indiana, its Chief Executive Officer Joshua Helme, stockbroker Andrea Wood and stockbroker Marc Nathan Jaffe have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Marc Jaffe engaged in securities business at Integrity Brokerage Services while he was disqualified and that […]

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SW Financial Sued By Investors For Fraud

July 20, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Churning, Excessive Trading, Securities Arbitration Claims, Securities Fraud   |   Comments Off on SW Financial Sued By Investors For Fraud

Yousuf Saljooki (also known as Joseph Saljooki and as Joe Saljooki) a stockbroker formerly registered with SW Financial (Salomon Whitney Financial) is the subject of a customer initiated investment related arbitration claim in which the customer requested $97,292.27 in compensatory damages and unspecified punitive damages based upon allegations that the customer had been defrauded by […]

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Titus Rockefeller Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Churning, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Titus Rockefeller Sued By Investors For Fraud

Andrew Vincent LaBarbera of Dix Hills New York a stockbroker formerly employed by Titus Rockefeller LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $23,793.00 in damages founded on accusations that the customer’s account was churned and that a fiduciary duty that was owed to the customer had […]

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Regulator Sanctions Coastal Equities Stockbroker For Churning

July 11, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Regulator Sanctions Coastal Equities Stockbroker For Churning

Sam Aziz (also known as Sam Azizieh and as Sam Yehya) of Dublin Ohio a stockbroker formerly registered with Coastal Equities Inc. is the subject of a Ohio Division of Securities Order in which his stockbroker registration has been revoked based upon allegations that (1) Aziz effected trades that were not suitable for a customer […]

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Dawson James Sued For Breach Of Fiduciary Duty

July 11, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Securities Arbitration Claims   |   Comments Off on Dawson James Sued For Breach Of Fiduciary Duty

Peter George Ruggiere of Boca Raton Florida a stockbroker currently registered with Dawson James Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages based upon accusations of misrepresentations concerning stock purchased for the customer’s account during the time that Ruggiere was associated with Dawson […]

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Investors Sue Reid Rudiger For Excessive Trading

July 11, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Investors Sue Reid Rudiger For Excessive Trading

Clifford Ronald Reid of New York New York a stockbroker currently employed by Reid Rudiger LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $220,542.00 in damages founded on accusations of false or misleading statements being made to the customer in regard to common and preferred stock and […]

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Wells Fargo Accused By Investors Of Reverse Churning

July 11, 2020  |   Posted by :   |   Churning   |   Comments Off on Wells Fargo Accused By Investors Of Reverse Churning

Leslie Anne Juron of Sarasota Florida a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been identified in a customer initiated investment related written complaint on July 22, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that the customer had been overcharged by Juron on investments held […]

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FINRA Bars Portfolio Advisors Stockbroker In Churning Investigation

July 11, 2020  |   Posted by :   |   Churning, Excessive Trading   |   Comments Off on FINRA Bars Portfolio Advisors Stockbroker In Churning Investigation

Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Siegel failed to furnish information to FINRA that was requested of him through a formal inquiry. Case No. […]

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Investors Sue WestPark For Breach Of Fiduciary Duty

June 24, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Securities Arbitration Claims, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue WestPark For Breach Of Fiduciary Duty

Terry Au of New York New York a stockbroker formerly employed by WestPark Capital Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages founded on accusations that a fiduciary duty that was owed to the customer was breached by Au in regard to the customer’s […]

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Another First Standard Stockbroker Sanctioned For Excessive Trading

June 24, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading   |   Comments Off on Another First Standard Stockbroker Sanctioned For Excessive Trading

Frank Venturelli (also known as Frank Vaughn) of Bay Ridge New York a stockbroker formerly associated with First Standard Financial Company has been suspended for 11 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he facilitated excessive transactions in customer accounts during the […]

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Spartan Capital Sued By Investors For Misrepresentation

June 22, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Spartan Capital Sued By Investors For Misrepresentation

Joseph Kelly (also known as Joe Kelly) of New York New York a stockbroker currently associated with Spartan Capital Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $23,695.00 in damages supported by allegations of misrepresentation and bad investment recommendations by Kelly during the period in […]

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Hilltop Securities Accused Of Excessive Trading

June 08, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Churning, Excessive Trading, Unauthorized Trading   |   Comments Off on Hilltop Securities Accused Of Excessive Trading

Mark Katz of San Diego California a stockbroker formerly associated with Hilltop Securities Inc. has been referenced in a customer initiated investment related complaint on February 18, 2020 in which the customer requested $357,000.00 in damages supported by allegations of unauthorized and excessive trading in the customer’s account by Katz which caused the Hilltop Securities […]

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Aegis Capital Sued For Breach Of Fiduciary Duty

June 08, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Churning   |   Comments Off on Aegis Capital Sued For Breach Of Fiduciary Duty

Elliot Hough Sherer of Melville New York a stockbroker currently employed by Aegis Capital Corp. has been identified in a customer initiated investment related arbitration claim where the customer sought $95,596.00 in damages founded on accusations of (1) breach of a fiduciary owed to the customer by Sherer (2) breach of a contract between the […]

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