Excessive Trading

Archive | Excessive Trading

Worden Capital Stockbroker Barred For Excessive Trading

July 12, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Barred For Excessive Trading

Christopher George Orlando of New York New York a stockbroker formerly registered with Legend Securities and Worden Capital Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Orlando making excessive trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056432603 (June […]

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Another Worden Capital Stockbroker Investigated For Churning

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Another Worden Capital Stockbroker Investigated For Churning

William Nicholas Athas of Melville New York a stockbroker formerly registered with Worden Capital Management is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has determined that Department of Enforcement should pursue disciplinary action against Athas for potentially churning investor accounts and for making unsuitable investment recommendations. Case No. […]

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Spartan Capital Stockbroker Charged With Churning Customer Accounts

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Spartan Capital Stockbroker Charged With Churning Customer Accounts

Marc Augustus Reda of New York New York a stockbroker currently registered with Spartan Capital Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with recommending unsuitable transactions for 66 customer accounts at Spartan Capital Securities and for churning those accounts. Department of Enforcement v. Marc Augustus Reda Complaint No. […]

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First Standard Financial Stockbroker Sanctioned For Fraud

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on First Standard Financial Stockbroker Sanctioned For Fraud

Andre Pierre Davis of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been issued a Summary Revocation and Penalty Order by New Jersey Bureau of Securities in which his stockbroker registration has been revoked and he has been fined $1,000,000.00 based upon findings of Davis making unsuitable and […]

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SW Stockbroker Barred By FINRA For Churning

June 12, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on SW Stockbroker Barred By FINRA For Churning

James William Flower (also known as Jim Flower) of Garden City New York a stockbroker formerly registered with SW Financial has been issued a Financial Industry Regulatory Authority (FINRA) Extended Hearing Panel Decision on May 27, 2021 in which he has been barred from associating with any FINRA member in any capacity based on findings […]

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FINRA Charges MML Stockbroker With Obstruction

May 31, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News, Non-traded REITs, Unauthorized Trading   |   Comments Off on FINRA Charges MML Stockbroker With Obstruction

Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML Investors Services has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with an investigation in which he was being examined for possible excessive trading in customer accounts. Department of Enforcement v. Adam Gerald Belardino Disciplinary Proceeding No. 2019062347102 […]

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FINRA Sanctions Another Stockbroker In Shuttered Boilerroom Operation

May 31, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Another Stockbroker In Shuttered Boilerroom Operation

Carl George Antaki of Syosset New York a stockbroker formerly registered with First Standard Financial Company LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made unsuitable investment recommendations in a customer’s account. Letter of Acceptance […]

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Guiliano Law Group Wins $1.9 Million Arbitration Award

May 28, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Guiliano Law Group Wins $1.9 Million Arbitration Award

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, […]

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Joseph Stone Stockbroker Sanctioned For Excessive Trading

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Joseph Stone Stockbroker Sanctioned For Excessive Trading

Joseph Albert Ambrosole of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Ambrosole recommended unsuitable and excessive transactions in customer accounts. Letter of Acceptance […]

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FINRA Bars Joseph Stone Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Joseph Stone Stockbroker In Investigation

David Martin Martirosian of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Martirosian failed to cooperate with FINRA when he was investigated for effecting unsuitable and excessive trades in customer […]

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Wynston Hill Stockbroker Barred In Investigation

May 15, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Wynston Hill Stockbroker Barred In Investigation

Matthew Angelo Siliato of Bronx New York a stockbroker formerly registered with Wynston Hill Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not cooperate with FINRA’s investigation into allegations of him making unauthorized and excessive trades. Letter of Acceptance […]

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JP Morgan Stockbroker Barred In Investigation

April 18, 2021  |   Posted by :   |   Elder Financial Abuse, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on JP Morgan Stockbroker Barred In Investigation

Evan A. Schottenstein of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Schottenstein failed to comply with FINRA personnel when he was under investigation for potential trading misconduct. Letter of […]

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FINRA Finally Sanctions Aegis Stockbroker For Unsuitable Recommendations

March 31, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on FINRA Finally Sanctions Aegis Stockbroker For Unsuitable Recommendations

Edmund Roger Zack of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zack made unsuitable recommendations to Aegis customers and made excessive trades in their […]

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Aegis Stockbroker Charged With Excessive Trading

March 31, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Aegis Stockbroker Charged With Excessive Trading

Kishan Parikh (also known as Sean Parikh) of New York New York a stockbroker formerly registered with Aegis Capital Corp has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with executing unsuitable, excessive and unauthorized trades in the accounts of Aegis Capital Corp customers. Department of Enforcement v. Kishan Parikh Disciplinary Proceeding […]

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Investors File Arbitration Claim Against First Allied Securities

March 08, 2021  |   Posted by :   |   Alternative Investments, Excessive Trading, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against First Allied Securities

Kyle Robert Franklin of Cameron Park California 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 compensatory damages based upon accusations of negligence and breach of contract as it pertained to real estate investment trusts and variable annuities purchased […]

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Investors File FINRA Securities Arbitration Claim Against Morgan Stanley For Excessive Trading

March 08, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Morgan Stanley For Excessive Trading

Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations that between July of 2014 and December of 2016, excessive trades had been effected in the customer’s […]

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First Standard Stockbroker Sanctioned For Excessive Trading

February 16, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Elder Financial Abuse, Excessive Trading, Investment and Regulatory News   |   Comments Off on First Standard Stockbroker Sanctioned For Excessive Trading

Christian Frank Lucchetto of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he excessively traded in the account of a First Standard Financial […]

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Aegis Stockbroker Sanctioned For Excessive Trading

February 16, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Aegis Stockbroker Sanctioned For Excessive Trading

Anthony Tricarico of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made unsuitable trades in customer accounts. Letter of Acceptance Waiver and Consent No. […]

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Investors File Arbitration Claim Against Laidlaw

February 16, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against Laidlaw

Jonathan Michael Ebel of Hauppauge New York a stockbroker formerly registered with Laidlaw Company UK Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $12,721.00 in damages founded on allegations that Ebel executed excessive trades in the customer’s account at Laidlaw Company. Financial Industry Regulatory Authority […]

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Worden Capital CEO Sanctioned For Failure To Supervise

February 01, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, Investment and Regulatory News   |   Comments Off on Worden Capital CEO Sanctioned For Failure To Supervise

Worden Capital Management LLC (WCM) and Chief Executive Officer Jaime John Worden have been sanctioned by Financial Industry Regulatory Authority (FINRA) supported by findings that WCM and Jaime Worden failed to supervise the suitability of customer transactions and neglected to ensure the public disclosure of customer initiated investment related FINRA securities arbitration claims alleging sales […]

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Investors File Arbitration Claim Against HD Vest

February 01, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors File Arbitration Claim Against HD Vest

Michael Allen Kamperman of Waco Texas a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $300,000.00 in damages supported by allegations that unsuitable over-the-counter equities trades were executed in the customer’s account during the period that Kamperman was associated […]

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Spencer-Winston Stockbroker Investigated By FINRA

February 01, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Spencer-Winston Stockbroker Investigated By FINRA

Ezri Shechter (also known as Eddie Shechter) of Jersey City New Jersey a stockbroker registered with Spencer-Winston Securities Corporation is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on June 17, 2020 in which Shechter’s activities with a customer are being reviewed for possible FINRA violations. FINRA Case No. 20190646958. FINRA Public Disclosure confirms […]

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Investors File Arbitration Claim Against PHX Financial

February 01, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against PHX Financial

Solomon David Krispeal (also known as David Krispeal) of Hauppauge New York a stockbroker formerly registered with PHX Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $650,000.00 in damages supported by allegations of unsuitable options, stock and over-the-counter equities being sold to the customer by […]

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Worden Ringleader Sanctioned For Failure To Supervise

January 19, 2021  |   Posted by :   |   Excessive Trading, Failure To Supervise, Investment and Regulatory News   |   Comments Off on Worden Ringleader Sanctioned For Failure To Supervise

Jason Paul Collichio of Garden City New York a stockbroker currently registered with Worden Capital Management LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in A PRINCIPAL capacity based upon findings that he did not supervise Worden Capital Management stockbrokers who excessively traded […]

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Joseph Stone Stockbroker Charged By SEC With Fraud

January 19, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on Joseph Stone Stockbroker Charged By SEC With Fraud

Ross Adam Barish of Mineola New York a stockbroker currently registered with Joseph Stone Capital LLC has been charged by Securities and Exchange Commission (SEC) with taking part in an excessive trading scheme to defraud investors. Securities and Exchange Commission v. Ross Barish Case No. 1:20-cv-06437 (Aug. 13, 2020). According to the Complaint, while Barish […]

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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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Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

December 22, 2020  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations, Variable Annuites   |   Comments Off on Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim where the customer requested $500,000.00 in damages founded on allegations that investment recommendations made to the customer were not suitable and that misrepresentations had been made by […]

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Former Morgan Stanley Stockbroker Barred By FINRA For Bilking Customers

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

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

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