Excessive Trading

Archive | Excessive Trading

Vorpahl Wing Stockbroker Barred In FINRA Investigation

October 19, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Vorpahl Wing Stockbroker Barred In FINRA Investigation

Lee Victor Nordstrom of Spokane Washington a stockbroker formerly registered with Vorpahl Wing Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation regarding his activities while associated with Vorpahl Wing Securities. Letter of Acceptance Waiver […]

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Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

October 19, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

Steven Mackie Woods of New York New York a stockbroker formerly registered with Laidlaw Company Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,123.00 in damages founded upon accusations of excessive trading of stocks and over-the-counter equities by Woods when he was associated with Laidlaw […]

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Investors File Complaint Against Wells Fargo Clearing Services

October 19, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File Complaint Against Wells Fargo Clearing Services

Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was […]

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Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Alternative Investments, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and […]

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Four Points Capital Partners Stockbroker Sanctioned By FINRA

October 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Four Points Capital Partners Stockbroker Sanctioned By FINRA

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 […]

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UBS Financial Accused Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News   |   Comments Off on UBS Financial Accused Of Unauthorized Trading

Peter Douglas McColgan of Cincinnati Ohio a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related written complaint which was settled for $25,887.44 in damages on December 19, 2019, based on accusations that unauthorized trades were executed in the customer’s account by McColgan while he was employed by UBS […]

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FINRA Sanctions Laidlaw Stockbroker For Excessive Trading

September 16, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions Laidlaw Stockbroker For Excessive Trading

Joseph Augustien Lianzo of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lianzo made excessive and unauthorized trades in customers’ accounts when he was associated with Laidlaw Company. […]

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Worden Capital Stockbroker Under FINRA Investigation

September 16, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Worden Capital Stockbroker Under FINRA Investigation

David Khezri of Melville New York a stockbroker formerly registered with Worden Capital Management and Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator recommended that Khezri face disciplinary action for possible violations of FINRA rules and securities laws pertaining to excessive and unsuitable […]

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Investors File Arbitration Claim Against Worden Capital Management LLC For Fraud

September 03, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Worden Capital Management LLC For Fraud

David Weisberg of New York New York a stockbroker formerly registered with Worden Capital Management LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $47,629.58 in damages founded on accusations of unsuitability and misrepresentation relating to the customer’s investments in over-the-counter equities between October of 2017 […]

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Worden Capital Stockbroker Fines $1.9 Million and Barred For Churning

September 03, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Fines $1.9 Million and Barred For Churning

Donald Joseph Fowler of Rockville Center New York a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Fowler churned and excessively traded the accounts of four of his customers. Letter of Acceptance Waiver and Consent […]

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Worden Capital Stockbroker Accused Of Breach Of Fiduciary Duty

September 01, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Accused Of Breach Of Fiduciary Duty

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 […]

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Another Worden Capital Stockbroker Sanctioned For Excessive Trading

August 26, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Another Worden Capital Stockbroker Sanctioned For Excessive Trading

John Sebastion Cangialosi Jr of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cangialosi engaged in excessive trading of customer accounts at Worden Capital Management […]

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Another Woodstock Financial Stockbroker Sanctioned For Excessive Trading

August 26, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Another Woodstock Financial Stockbroker Sanctioned For Excessive Trading

Alfonse Joseph Stazzone Jr of Holmdel New Jersey a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Stazzone made unsuitable and excessive trades in a customer’s account when Stazzone was […]

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FINRA Sanctions Woodstock Financial Stockbroker For Unsuitable Trading

August 26, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions Woodstock Financial Stockbroker For Unsuitable Trading

Maxim Beliakov of Red Bank New Jersey a stockbroker formerly registered with Woodstock Financial Group 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 he engaged in unsuitable and excessive trading in a Woodstock Financial Group customer’s account. […]

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SagePoint Stockbroker Investigated For Unauthorized Trading

August 26, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Excessive Trading, FINRA Securities Arbitration, Forgery, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on SagePoint Stockbroker Investigated For Unauthorized Trading

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. […]

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Joseph Stone Stockbroker Barred By FINRA In Investigation

August 15, 2021  |   Posted by :   |   Boilerroom Sales, Elder Financial Abuse, Excessive Trading, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Joseph Stone Stockbroker Barred By FINRA In Investigation

Eugene Arthur McAdams of Center Moriches 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 McAdams refused to testify for FINRA personnel who investigated whether McAdams made unsuitable recommendations to customers when he […]

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Worden Capital Stockbroker Sanctioned For Failure To Supervise

August 15, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, Investment and Regulatory News   |   Comments Off on Worden Capital Stockbroker Sanctioned For Failure To Supervise

Henry Bones II of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that Bones failed to supervise a Worden Capital Management stockbroker who made unsuitable investment recommendations to […]

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FINRA Charges Aegis Stockbroker With Excessive Trading

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Charges Aegis Stockbroker With Excessive Trading

Daniel James O’Neill (also known as Dan O’Neill) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that O’Neill executed unsuitable trades and engaged in excessive trading at Aegis Capital Corp. Department of Enforcement v. Daniel […]

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Another First Standard Financial Stockbroker Accused Of Fraud

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Another First Standard Financial Stockbroker Accused Of Fraud

Jeffrey Allen Baber of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $95,000.00 in damages founded on accusations of unsuitable transactions being effected in the customer’s account and First Standard Financial Company […]

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Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Unauthorized Trading   |   Comments Off on Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

Roy Joseph Failla of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been fined $15,000.00 and suspended for 45 days from being a stockbroker in New Jersey according to a Consent Order containing findings that Failla executed unsuitable and excessive trades in customer accounts while Failla was associated […]

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Aegis Capital Stockbroker Sanctioned By FINRA For Unsuitable Trading

July 31, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Aegis Capital Stockbroker Sanctioned By FINRA For Unsuitable Trading

Kishan Parikh (also known as Sean Parikh) of New York New York a stockbroker formerly registered with Aegis Capital Corp has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings of Parikh’s excessive and unsuitable trading in customer accounts resulting in losses. Department […]

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FINRA Sanctions Another Aegis Stockbroker For Churning

July 31, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Another Aegis Stockbroker For Churning

Douglas Edward Szempruch of Melville New York a stockbroker formerly registered with Aegis Capital Corp has been suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he excessively traded in customer accounts at Aegis Capital Corp and made misleading statements to customers relating […]

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First Allied Stockbroker Barred By FINRA In Investigation

July 31, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on First Allied Stockbroker Barred By FINRA In Investigation

Kevin Kimball Meadows of Liverpool New York a stockbroker formerly registered with First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA when it investigated allegations of a customer complaint against the stockbroker at First Allied […]

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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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