Failure To Supervise

Archive | Failure To Supervise

FINRA Sanctions Transamerica For Failure To Supervise

January 19, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on FINRA Sanctions Transamerica For Failure To Supervise

Transamerica Financial Advisors Inc. a securities broker dealer headquartered in Saint Petersburg Florida has been censured and fined $4,400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings including that Transamerica failed to supervise securities transactions and investment recommendations that its stockbrokers made to customers. Letter of Acceptance Waiver and Consent No. 2015048250401 (Dec. 21, […]

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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 any capacity based upon findings that he did not supervise Worden Capital Management stockbrokers who excessively traded and […]

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LPL Sanctioned By FINRA For Failure To Supervise

January 19, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on LPL Sanctioned By FINRA For Failure To Supervise

LPL Financial LLC a securities broker dealer headquartered in Fort Mill South Carolina has been censured and fined $6,500,000.00 based in part on findings that LPL failed to supervise its stockbrokers’ dissemination of consolidated reports to customers resulting in some of its customers being defrauded by an LPL stockbroker. Letter of Acceptance Waiver and Consent […]

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FINRA Sanctions Cetera $1 Million For The Failure To Supervise

January 03, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Cetera $1 Million For The Failure To Supervise

Cetera Advisor Networks LLC, Cetera Advisors LLC and Cetera Financial Specialists LLC have been censured and collectively fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings of the securities firms’ failure to supervise their stockbrokers’ private securities transactions and failure to preserve records relating to those outside transactions. Letter of Acceptance Waiver and […]

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RBC Capital Markets Sanctioned For The Failure To Supervise

January 03, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on RBC Capital Markets Sanctioned For The Failure To Supervise

RBC Capital Markets LLC a securities broker dealer headquartered in New York New York has been fined and censured by Financial Industry Regulatory Authority (FINRA) founded on findings that RBC failed to supervise stockbrokers’ recommendations of securities that were held in customers’ 529 plans. Letter of Acceptance Waiver and Consent No. 2016047696701 (Dec. 15, 2020). […]

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PHX Sanctioned By FINRA For Failure To Supervise

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Investment and Regulatory News   |   Comments Off on PHX Sanctioned By FINRA For Failure To Supervise

PHX Financial Inc. a securities broker dealer headquartered in New York New York and Robert Delaplain (branch supervisor and Chief Compliance Officer) have been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by findings that PHX and Delaplain neglected to supervise stockbrokers who effected unsuitable transactions in customer accounts. Letter of Acceptance Waiver […]

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Investors Name Edward Jones In FINRA Securities Arbitration Claim For Negligence

January 03, 2021  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Stockbroker Negligence   |   Comments Off on Investors Name Edward Jones In FINRA Securities Arbitration Claim For Negligence

Ronald James Radner of Delray Beach Florida a stockbroker formerly registered with Edward Jones is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $475,000.00 in damages supported by accusations that a contract between the customer and the securities broker dealer had been breached and that the customer’s account […]

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Wynston Hill Named In FINRA Arbitration Claim For Failure To Supervise

December 22, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration   |   Comments Off on Wynston Hill Named In FINRA Arbitration Claim For Failure To Supervise

Robert Joseph Calamunci Sr. of Bronx New York a stockbroker currently registered with Wynston Hill Capital LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $314,852.00 in damages based upon accusations of the failure of Wynston Hill Capital LLC to supervise options and equities in the customer’s […]

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Investors Accuse Wells Fargo Of Failure To Execute Orders

December 22, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of Failure To Execute Orders

Jeffrey Lamar Burton of Charleston South Carolina a supervising stockbroker of Wells Fargo Advisors Financial Network is referenced in a customer initiated investment related written complaint which was settled for $100,000.00 on September 17, 2020 founded on allegations that trades failed to be made according to the customer’s instructions while Burton was registered with Wells […]

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FINRA Sanctions Financial West Stockbroker For Failure To Supervise

December 07, 2020  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Financial West Stockbroker For Failure To Supervise

Brett Stephen Briggs of Los Angeles California a stockbroker and supervisor formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 supported by findings that he failed to supervise stockbrokers at Financial West Group. Letter of Acceptance […]

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Investors File FINRA Securities Arbitration Against Joseph Stone For Failure To Supervise

December 07, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Against Joseph Stone For Failure To Supervise

Sebastian Wyczawski of Manorville New York a stockbroker currently registered with Joseph Stone Capital LLC has been referenced in a customer initiated investment related arbitration claim where the customer requested $235,635.00 in damages based upon accusations that Wyczawski failed to supervise a stockbroker who effected unsuitable over-the-counter equities trades in the customer’s Joseph Stone Capital […]

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National Securities Stockbroker Barred By FINRA In REIT Investigation

December 07, 2020  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on National Securities Stockbroker Barred By FINRA In REIT Investigation

Joseph Victor Alhadeff of New York New York a stockbroker formerly registered with National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Alhadeff neglected to cooperate with FINRA during its investigation into Alhadeff’s supervision of a stockbroker who was associated with […]

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National Securities Corp Sanctioned For Customer Complaints

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on National Securities Corp Sanctioned For Customer Complaints

National Securities Corporation a securities broker dealer headquartered in Boca Raton Florida has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that it did not timely report customer complaints and failed to supervise contingency offerings. Letter of Acceptance Waiver and Consent No. 2017053208002 (Oct. 27, 2020). According to the AWC, […]

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Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

December 01, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

Robert Joseph Kerrigan Senior of Scottsdale Arizona a stockbroker formerly employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages supported by accusations that a fiduciary duty that was owed to the customer had been breached and that First Financial Equity Corporation […]

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Coastal Equities Sanctioned For Failure To Supervise

November 30, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Coastal Equities Sanctioned For Failure To Supervise

Coastal Equities Inc. a securities broker dealer headquartered in Wilmington Delaware has been censured by Financial Industry Regulatory Authority (FINRA) supported by findings that Coastal Equities failed to supervise a stockbroker who recommended unsuitable and excessive trades for the accounts of Coastal Equities customers. Letter of Acceptance Waiver and Consent No. 2017052325702 (Nov. 9, 2020). […]

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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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Financial West Stockbroker Sanctioned For Failure To Supervise

November 30, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Financial West Stockbroker Sanctioned For Failure To Supervise

Efrain Balderrama Trujillo of Los Angeles California a stockbroker formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 based upon findings that he neglected to supervise those of his stockbrokers who executed unsuitable securities and options […]

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Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

November 04, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Direct Participation Programs, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

Darren Michael Kubiak of Alpharetta Georgia a stockbroker formerly employed by Kalos Capital Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $250,000.00 in damages based upon allegations that a contract had been breached and that a fiduciary duty that was owed to the customer had been breached […]

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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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Christ Barred By Regulators In Boilerroom Failure To Supervise Investigation

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Christ Barred By Regulators In Boilerroom Failure To Supervise Investigation

Christ Elias Baltas 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 based upon findings that Baltas failed to comply with FINRA during its investigation into accusations of his failed supervision of a stockbroker who engaged in unsuitable trading […]

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Wells Fargo Sanctioned By FINRA For Failure To Supervise Annuity Switches

September 30, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Variable Annuites   |   Comments Off on Wells Fargo Sanctioned By FINRA For Failure To Supervise Annuity Switches

Wells Fargo Clearing Services LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $625,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Wells Fargo failed to supervise the suitability of customers’ switches from variable annuities to other investment products through transactions initiated by Wells Fargo stockbrokers. Letter […]

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Raymond James Terminates Stockbroker For Failure To Supervise

September 30, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Raymond James Terminates Stockbroker For Failure To Supervise

Michael Thomas Williams of Vero Beach Florida a stockbroker formerly registered with Raymond James Financial Services has been terminated from the securities broker dealer based upon accusations of Williams’ failure to supervise stockbrokers’ private correspondence with customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that Williams is the subject of a customer initiated […]

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FINRA Sanctions Griffinest Asia For Failure To Supervise

September 30, 2020  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Securities Arbitration Claims   |   Comments Off on FINRA Sanctions Griffinest Asia For Failure To Supervise

Griffinest Asia Securities LLC a securities broker dealer located in Pasadena California has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that it failed to supervise the sales of non-traditional exchange traded products which had been initiated by stockbrokers of Griffinest Asia. Letter of Acceptance Waiver and Consent No. […]

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Investors Sue Insight Securities Over International Ponzi Scheme

September 14, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Sue Insight Securities Over International Ponzi Scheme

Carlos Javier Legaspy of Highland Park Illinois a stockbroker currently employed by Insight Securities Inc. and an investment adviser representative of Precise Investment Management Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into worthless securities […]

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Mid Atlantic Capital Sued For Misrepresentation

September 14, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Mid Atlantic Capital Sued For Misrepresentation

James Bernis Lunsford (also known as Jim Lunsford) a stockbroker formerly employed by Mid Atlantic Capital Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages supported by accusations that the customer’s account was negligently supervised at Mid Atlantic Capital Corporation and that misrepresentations and […]

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Wells Fargo Pays $350,00 Fine To Cover $10 Million In Customer Losses

September 14, 2020  |   Posted by :   |   Failure To Supervise   |   Comments Off on Wells Fargo Pays $350,00 Fine To Cover $10 Million In Customer Losses

Wells Fargo Advisors LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $350,000.00 based upon findings that it failed to supervise two stockbrokers who made unsuitable recommendations to customers regarding energy securities causing customers to experience losses. Letter of Acceptance Waiver and Consent No. 2015045713304 (Aug. 28, 2020). According […]

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Investors Sue Morgan Stanley For Fraud

August 27, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Sue Morgan Stanley For Fraud

Nordo Mauro Nissi III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages supported by allegations that fraudulent misrepresentations and omissions had been made relating to the customer’s investments and that the customer was defrauded during […]

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Investors File FINRA Arbitration Claim Against Corinthian Partners

August 27, 2020  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Securities Arbitration Claims   |   Comments Off on Investors File FINRA Arbitration Claim Against Corinthian Partners

Richard Calabrese of New York New York the President and Chief Compliance Officer of Corinthian Partners LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $11,500.00 in damages founded on accusations that the customer had been placed into unsuitable private placements by Calabrese which led the Corinthian Partners […]

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Investors Sue Santander Securities For Unsuitable Trading

August 27, 2020  |   Posted by :   |   Failure To Supervise, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Santander Securities For Unsuitable Trading

Eric Juan Stubbe Arsuaga of Dorchester Massachusetts a stockbroker formerly employed by Santander Securities LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $82,500.00 in damages based upon allegations that the customer had been placed in common and preferred stock and mutual funds among other investments that failed […]

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FINRA Sanctions Morgan Stanley For Failure To Supervise

August 27, 2020  |   Posted by :   |   Bond Fraud, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on FINRA Sanctions Morgan Stanley For Failure To Supervise

Morgan Stanley a securities broker dealer headquartered in Purchase New York has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that it neglected to supervise stockbroker engaged in bond trading scheme. Letter of Acceptance Waiver and Consent No. 2019063917801 (Aug. 12, 2020). According to the AWC, a stockbroker by […]

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