Melissa Plotkin Spickler (also known as Melissa P. Plotkin and Melissa P. Pott), of Bloomfield Hills, Michigan, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on October 20, 2022, for $32,402.18 in damages based upon allegations that Spickler failed to…
Lickhai Quach (also known as Khai Quach), of Rockville, Maryland, a stockbroker registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quach failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance,…
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…
Jose R. Juanarena Ferrari of San Juan Puerto Rico a stockbroker formerly registered with Popular Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $125,000.00 in damages based upon accusations that Ferrari made inappropriate investment recommendations to the customer concerning the purchases of closed end funds…
Peter Michael Malis of Woodland Hills California a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related complaint on December 7, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while Malis was associated with Wells Fargo: (1) Malis executed unsuitable closed-end…
Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not…
Timothy Floyd Holladay of Mobile Alabama a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on August 18, 2017 in which the customer requested $14,000.00 in damages based upon accusations that between April of 2012 and April of 2016, Holladay invested the customer’s money in closed-end funds…
Paul Ellias Colchamiro, of Melville, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer sought at least $2,000,000.00 in damages founded on allegations including: closed-end funds and equities were effected in the customer’s account that were not suitable…
Kevin Foster Friedman, of Woodland Hills, California, a stockbroker formerly registered with Wells Fargo Clearing Services, is the subject of a customer initiated investment related arbitration claim, which settled for $1,100,000.00 in damages on May 2, 2017, based upon allegations of the failure to supervise a financial advisor who effected faulty closed-end fund transactions in…
Daryl Eugene Allison, of Lubbock, Texas, a stockbroker and former president of Caprock Securities, Inc., has been fined $10,000.00 and fined from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that, inter alia, Allison failed to supervise registered representatives’ closed end fund sales to customers….
Ameriprise Financial Services, headquartered in Minneapolis, Minnesota, was censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to create and adequately maintain a supervisory system to identify and prevent unsuitable trading in closed end funds. Letter of Acceptance, Waiver and Consent, No. 2014039843501 (June 20, 2016)….