Failure To Supervise

Archive | Failure To Supervise

Investors Accuse Concorde Of Unsuitable Private Placements

September 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud   |   Comments Off on Investors Accuse Concorde Of Unsuitable Private Placements

Robert Scott Smith of Newberg Oregon a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related written complaint on May 10, 2021 in which the customer sought $678,500.00 in damages supported by accusations that they had been sold unsuitable private placements by Smith while he was registered with […]

Read More »

Nationwide Planning Stockbroker Accused Of Misrepresentation

September 16, 2021  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Nationwide Planning Stockbroker Accused Of Misrepresentation

Jeremy Seth Rosen of Easton Pennsylvania a stockbroker formerly registered with Nationwide Planning Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,535,568.66 in damages founded on allegations that Rosen made misrepresentations to them regarding stock trades during the period that he was associated […]

Read More »

Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

September 16, 2021  |   Posted by :   |   Failure to Conduct Due Diligence, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated […]

Read More »

FINRA Sanctions Andes Capital For Failure To Supervise

September 03, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Andes Capital For Failure To Supervise

Andes Capital Group LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Andes Capital Group failed to supervise its stockbroker’s private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064979901 (Aug. 25, 2021). According to the AWC, in […]

Read More »

Investors File Arbitration Claim Against UBS For Failure To Supervise

September 01, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Municipal Bond Fraud   |   Comments Off on Investors File Arbitration Claim Against UBS For Failure To Supervise

Ramiro Luis Colon III (also known as Ramiro Luis Colon Ortiz III) of Miami Florida a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,421,565.59 in damages supported by accusations that Colon failed to supervise municipal bond and closed […]

Read More »

Investors File Arbitration Claim Against Raymond James For Sale of Unsuitable Investments

August 26, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Raymond James For Sale of Unsuitable Investments

Steven Paul Reznik of Tallahassee Florida a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $100,000.00 in damages based on allegations that the customer was sold unsuitable equities by Reznik while he was associated with Raymond James Financial Services. […]

Read More »

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 […]

Read More »

Raymond James Stockbroker Sanctioned For Failure To Supervise

August 15, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on Raymond James Stockbroker Sanctioned For Failure To Supervise

Jeffrey John Kartheiser of Sun City Center Florida a stockbroker formerly registered with Raymond James Financial Services has been ordered by Florida Office of Financial Regulation to pay a $20,000.00 fine, to cease and desist violating securities laws or rules in Florida, and to refrain from any supervisory or managerial duties in the securities industry […]

Read More »

America Northcoast Stockbroker Barred In ETF Scam

August 15, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News, Securities Fraud, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on America Northcoast Stockbroker Barred In ETF Scam

Dominic Anthony Tropiano of Cleveland Ohio a stockbroker formerly registered with America Northcoast Securities Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative based on accusations that Tropiano effected unauthorized and unsuitable transactions in customer accounts causing customers to experience more than $1,000,000.00 in losses. SEC […]

Read More »

Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

August 06, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Over Concentration, Private Placement Fraud   |   Comments Off on Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages supported by accusations of negligence regarding the sale of interests in a private placement and the sale of a real estate security […]

Read More »

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 […]

Read More »

Sanctuary Securities Sanctioned For Failure To Supervise

August 06, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   Comments Off on Sanctuary Securities Sanctioned For Failure To Supervise

Sanctuary Securities (formerly known as David A. Noyes Company) has been censured and fined $160,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that Sanctuary Securities failed to supervise its non-traditional exchange traded fund (NT-ETF) business to ensure that stockbrokers executed suitable transactions. Letter of Acceptance Waiver and Consent No. 2019060694201 (July 1, 2021). […]

Read More »

FINRA Sanctions NEXT Financial Group For Failure To Supervise

July 31, 2021  |   Posted by :   |   Bond Fraud, Failure To Supervise, Investment and Regulatory News, Municipal Bond Fraud, Mutual Fund Fraud   |   Comments Off on FINRA Sanctions NEXT Financial Group For Failure To Supervise

NEXT Financial Group a securities broker dealer headquartered in Houston Texas has been censured and fined $750,000.00 by Financial industry Regulatory Authority (FINRA) founded on findings that NEXT Financial Group failed to supervise its stockbrokers’ transactions resulting in unsuitable municipal bond and mutual fund transactions in customer accounts. Letter of Acceptance Waiver and Consent No. […]

Read More »

Sheriff Cracks Down On Robinhood For Stealing From The Poor and Unsophisticated

July 31, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Margin Account Fraud   |   Comments Off on Sheriff Cracks Down On Robinhood For Stealing From The Poor and Unsophisticated

Robinhood Financial LLC a securities broker dealer headquartered in Menlo Park California has been censured and fined $57,000,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that Robinhood Financial provided customers with misleading and false information about their accounts, authorized margin use in the accounts of customers against their wishes, and failed […]

Read More »

Farmers Financial Sanctioned For Failure To Supervise

July 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Mutual Fund Fraud, Variable Annuites   |   Comments Off on Farmers Financial Sanctioned For Failure To Supervise

Farmers Financial Solutions LLC a securities broker dealer headquartered in Westlake Village California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer failed to supervise its mutual fund business and its variable universal life insurance business. Letter of Acceptance, Waiver and Consent No. 2017052173001 […]

Read More »

Gentem Capital Stockbroker Barred In AML Investigation

July 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on Gentem Capital Stockbroker Barred In AML Investigation

Cesar Gabriel Hernandez of Old Bridge New Jersey a stockbroker formerly registered with Gentem Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation concerning his involvement in a customer identification program. Letter of Acceptance […]

Read More »

FINRA Sanctions Merrill Lynch $3.2 Million For Failure To Supervise

July 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on FINRA Sanctions Merrill Lynch $3.2 Million For Failure To Supervise

Merrill Lynch Pierce Fenner Smith Incorporated a securities broker dealer headquartered in New York New York has been censured and fined $3,250,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Merrill Lynch failed to supervise its stockbrokers’ recommendations of unit investment trusts resulting in customers being overcharged on UIT transactions. Letter of Acceptance […]

Read More »

FINRA Sanctions Titan Securities For Failure To Supervise

July 07, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Titan Securities For Failure To Supervise

Titan Securities a securities broker dealer headquartered in Addison Texas has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that Titan Securities failed to supervise outside business activities of its stockbrokers. Letter of Acceptance Waiver and Consent No. 2019061705101 (June 8, 2021). According to the AWC, a Titan Securities […]

Read More »

FINRA Sanctions UnionBanc For Failure To Supervise

June 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Variable Annuites   |   Comments Off on FINRA Sanctions UnionBanc For Failure To Supervise

UnionBanc Investment Services LLC a securities broker dealer headquartered in Glendale California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that UnionBanc failed to supervise its variable annuity transactions. Letter of Acceptance Waiver and Consent No. 2019062972401 (May 5, 2021). According to the AWC, between January of 2016 […]

Read More »

Calton Associates Sanctioned For Failure To Supervise

May 31, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   Comments Off on Calton Associates Sanctioned For Failure To Supervise

Calton Associates Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings of Calton Associates failing to supervise sales of volatility-linked exchange traded products which resulted in customers’ experiencing losses on unsuitable transactions. Letter of Acceptance Waiver and Consent No. 2018060466201 […]

Read More »

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 […]

Read More »

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, […]

Read More »

IFG Sanctioned By FINRA For Failure To Supervise

May 15, 2021  |   Posted by :   |   Alternative Investments, Elder Financial Abuse, Failure To Supervise, Investment and Regulatory News, Non-traded REITs   |   Comments Off on IFG Sanctioned By FINRA For Failure To Supervise

Independent Financial Group LLC a securities broker dealer headquartered in San Diego California has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it failed to supervise a stockbroker who made unsuitable recommendations to customers. Letter of Acceptance Waiver and Consent No. 2018059223401 (Apr. 8, 2021). According to the […]

Read More »

ONESCO Sanctioned By FINRA For Failure To Supervise

May 15, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Variable Annuites   |   Comments Off on ONESCO Sanctioned By FINRA For Failure To Supervise

ON Equity Sales Company Inc. (ONESCO) a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that ONESCO failed to supervise sales of variable annuities resulting in a stockbroker having made unsuitable recommendations to customers of the firm. Letter of Acceptance Waiver […]

Read More »

AISG Sanctioned By FINRA For Failure To Supervise CMOs

April 18, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on AISG Sanctioned By FINRA For Failure To Supervise CMOs

American Independent Securities Group LLC (AISG) a securities broker dealer headquartered in Eagle Idaho together with AISG securities principals Ryan Carlson and Nicholas Cioffi have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that they failed to supervise the sales of collateralized mortgage-backed securities (CMOs) resulting in losses to customers. Letter of […]

Read More »

FINRA Sanctions JW Cole For Failure To Supervise Alternative Investment Sales

April 18, 2021  |   Posted by :   |   Alternative Investments, Failure To Supervise, Investment and Regulatory News   |   Comments Off on FINRA Sanctions JW Cole For Failure To Supervise Alternative Investment Sales

JW Cole Financial Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer failed to supervise its stockbrokers’ recommendations of alternative investments. Letter of Acceptance Waiver and Consent No. 2019061764801 (Mar. 18, 2021). According to the […]

Read More »

Cabot Lodge Sanctioned For Failure To Supervise REIT Sales

April 18, 2021  |   Posted by :   |   Elder Financial Abuse, Failure To Supervise, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Cabot Lodge Sanctioned For Failure To Supervise REIT Sales

Cabot Lodge Securities LLC a securities broker dealer headquartered in New York has been censured and fined $270,000.00 by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement which contains findings of Cabot Lodge failing to supervise REIT offerings and providing unsuitable recommendations to customers. Department of Enforcement v. Cabot Lodge […]

Read More »

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 […]

Read More »

Financial West Group Stockbroker Sanctioned By FINRA

March 31, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   Comments Off on Financial West Group Stockbroker Sanctioned By FINRA

Corey Andrew White of Westlake Village California a stockbroker formerly registered with Financial West Group has been fined $20,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory or principal capacity founded on findings that he failed to supervise his stockbrokers’ trading resulting in unsuitable alternative investment trading in […]

Read More »

Investors Accuse Purshe Kaplan Of Reverse Churning

March 31, 2021  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Purshe Kaplan Of Reverse Churning

David Nathan Hale of San Francisco California a stockbroker currently registered with Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related written complaint which was settled on April 23, 2019 for $12,113.11 in damages founded on allegations that the customer’s investment account had been subject of “reverse churning” by Hale as it […]

Read More »