Jeffrey Tyler Shaver, of Atlanta, Georgia, a stockbroker registered with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based on allegations of stockbroker negligence, overconcentration, and the unsuitable investment recommendation of alternative investments and real estate…
Christopher Brian Riggs (also known as Chris Riggs), of Petersburg, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested over $5,000.00 in damages based upon allegations the he made the unsuitable investment recommendations of…
Stephen Herman Wedel (also known as Steve Wedel), of Creve Coeur, Missouri, a stockbroker formerly registered with LPL Financial, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on May 16, 2022. The customer sought $95,000.00 in damages based on the allegation that Wdel made the…
Haiguang Yin (also known as Hai Guang Yin and John Yin), of Arcadia, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The claim was filed on April 16, 2024. The customer alleged unsuitable investment recommendations, misrepresentation of…
Eric Jose Garcia, of Coral Gables, Florida, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related complaint filed on March 21, 2024. The customer requested $105,000.00 in damages based on allegations of failure to conduct due diligence and the unsuitable investment recommendation of an offshore annuity. On…
Rafael Scott Klein (also known as Rafe Klein), of Westport, Connecticut, a stockbroker registered with David Lerner Associates Inc., is under a Financial Industry Regulatory Authority (FINRA) investigation. Public Disclosure shows that on March 18, 2024, the regulator issued a Wells Notice recommending disciplinary action against the stockbroker. Klein potentially violated FINRA Rules 2111 and…
Ashley Charles Woodard, of Greenville, South Carolina, a stockbroker and investment adviser representative associated with Voya Financial Advisors Inc., is the subject of eighteen (18) customer initiated investment related disputes. On March 14, 2024, customers filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim involving Woodard’s conduct. The customers alleged the unsuitable…
Deborah Sue Anderson (also known as Deborah Sue Beemer), of Redlands, California, a former stockbroker registered with Centaurus Financial Inc., is the subject of thirteen (13) customer initiated investment related complaints alleging unsuitable investment recommendations. Specifically, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed on February 28, 2024,…
Christopher Carl Cavallaro, of Rockland, Massachusetts, a stockbroker registered with LPL Financial LLC, has been the subject of eleven customer initiated, investment related disputes that consist of customer complaints and Financial Industry Regulatory Authority (FINRA) arbitration claims. According to FINRA Public Disclosure, on August 30, 2024, a customer filed an investment related FINRA securities arbitration…
James Roy Paige, of Vero Beach, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on February 6, 2024. The customers alleged that in 2021, Paige made investment recommendations that were unsuitable given the customers’ investment…
Brian Dunn, of San Francisco, California, a stockbroker and former CEO of Growth Capital Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on January 24, 2024. The customers requested $2,000,000.00 in damages, alleging that Growth Capital Services stockbrokers or other representatives sold fraudulent…
Edward Muster, of Boca Raton, Florida, a stockbroker registered with Herbert J. Sims Co., is the subject of six customer initiated investment related complaints concerning his conduct while registered with securities broker dealers. On January 26, 2024, a customer filed an investment related complaint alleging the unsuitable investment recommendation of private placements. The customer sought…
Stephen Marchelo Medina, of Corpus Christi, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on September 27, 2023. The customer alleged misrepresentations, and that Medina made unsuitable investment recommendations. The customer sought $782,500.00 in…
Lisa Babin Mantei (also known as Lisa Lyn Mantei), of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., according to FINRA Public Disclosure, has been referenced in six customer initiated investment related complaints. On June 14, 2023, a customer filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim about Mantei,…
Kenneth Alfred McCabe, of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of two customer initiated investment related disputes. On November 23, 2021, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed. The customer alleged that from 2014 through 2018, McCabe misrepresented illiquid investments….
Roderick K. Von Lipsey, of Washington, District of Columbia, a stockbroker registered with UBS Financial Services Inc., is the subject of four customer initiated investment related disputes alleging sales practice violations such as unsuitable recommendations and misrepresentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that on August 10, 2020, a customer filed an investment…
Timothy Richard Farris, of West Bloomfield, Michigan, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related complaint filed on May 22, 2024. The customer sought $33,000.00 in damages, based on allegations of the unsuitable investment recommendation of variable annuities and index funds when he was registered with Cetera…
Barbara Elizabeth Leonard, of Houston, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on April 16, 2024. The customer requested $125,000.00 in damages, based on allegations that she made the unsuitable investment recommendations of direct investments, including…
John Peter Micera, of Florham Park, New Jersey, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on April 9, 2024. The customer requested $2,275,000.00 in damages, based on allegations of unsuitable recommendations in high-commission, illiquid, and risky…
Gerald O’Niell McGinley (also known as Gerry McGinley), of Westport, Connecticut, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on March 15, 2024. The customer sought damages between $500,000.00 and $1,000,000.00 based on allegations of unsuitable recommendations…
Borami Yoon (also known as Jennifer Yoon), of Menlo Park, California, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on May 29, 2024 (FINRA Arbitration No. 24-01171). The customer requested $200,000.00 in damages based on allegations of misrepresentation of…
Teddy R. Ezzell III, of Fort Collins, Colorado, a stockbroker registered with LPL Financial LLC, is the subject of two customer initiated investment related disputes. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that on April 8, 2024, a customer initiated investment related FINRA securities arbitration claim about Ezzell was filed, where the customer sought…
John Hayward Lord, of Calhoun, Georgia, the chied compliance officer of Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on March 28, 2024. The customer sought $140,000.00 in damages based on allegations of breach of contract, breach of fiduciary duty, negligence,…
Joseph Farrell Beam, of Flat Rock, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on July 18, 2024. The customer requested $175,000.00 in damages based on allegations of failure to conduct due diligence in connection…
Shadi Taysir Barakat (also known as Sean Barakat), of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Barakat based on allegations that Barakat failed to provide testimony during an…
Christopher Philip Arnella, of New York, New York, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Arnella made misleading statements about the performance of a company’s stock. Letter of Acceptance, Waiver, and Consent No….
Kyle William Chapman, of San Clemente, California, a stockbroker registered with American Trust Investment Services Inc. and Westpark Capital Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chapman made unsuitable investment recommendations and made misleading statements to customers during…
Daryl Ray Calton, of Mesa, Arizona, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate investment trusts (REITs) when Calton…
Eric Andrew Wittenberg, of Mount Kisco, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $425,000.00 in compensatory damages because UBS Financial Services Inc. was held liable on the customer’s claims,…
James Earl Williams, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $5,000.00 in damages based upon alleged breach of fiduciary duty, violation of state securities laws, and breach of contract when…
James Paul Siemonsma, of Omaha, Nebraska, a stockbroker registered with ProEquities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in damages based upon the alleged unsuitable investment recommendation of oil and gas investments when Siemonsma was associated with ProEquities Inc….
Jerry Dale Kiefer, of Edmond, Oklahoma, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs during the time that…
John Hubert Chaney, of Manchester, Missouri, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon alleged negligence and the unsuitable investment recommendation of corporate bonds when Chaney was associated…
John Noel Marcheso, of Anaheim, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Marcheso was associated with Centaurus…
Joseph Dewey Jackson (also known as Joe Jackson and Joey Jackson), of Fayetteville, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged failure to supervise, breach…
Juan Hua Liang (also known as Joyce Liang and as Juanhua Liang), of Daly City, California, a stockbroker registered with NI Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based upon alleged breach of fiduciary duty and…
Lawrence Roger Rice, of Lauderdale by the Sea, Florida, a stockbroker registered with Centaurus Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rice refused to provide information and documents requested by FINRA in connection with its investigation into Rice’s resignation from Centaurus Financial. Letter…
Michelle Elise Anthony (also known as Michelle Elise Murphy-Wall), of Tucson, Arizona, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon alleged breach of fiduciary duty, misrepresentation, and the unsuitable…
Ray Don Gallette, of El Dorado Springs, Missouri, a stockbroker registered with Coastal Equities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of alternative investments when Gallette was associated with Coastal Equities…
Robert James McKee (also known as Bob McKee), of Michigan City, Indiana, a stockbroker registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities…
Robert Joseph Earls Jr., of Roanoke, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Earls was associated with LPL Financial…
Roger Scott Green, of Duluth, Georgia, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on December 17, 2021, for $27,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities during the time that Green was associated with Cetera Advisors…
Samuel Carl Schoner (also known as Sam Schoner), of San Francisco, California, a stockbroker registered with First Republic Securities Company LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $2,500,000.00 in damages based upon alleged unsuitable investment recommendations of stocks during…
Scott Michael Nash, of Longport, New Jersey, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $216,208.00 in damages based upon alleged excessive and unsuitable trading in fixed income securities during the…
Timothy Joseph Banks (also known as Tim Banks), of Creve Coeur, Missouri, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment investment recommendation of real estate securities or…
David Jon Nastri, of Cheshire, Connecticut, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Nastri was associated with LPL Financial LLC….
William David Isaacson, of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon the alleged unsuitable investment recommendation of non-traded real estate investment trusts when Isaacson was…
John George Rotando Jr., of Greenwich, Connecticut, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of variable annuities when Rotando was associated with Wells…
Cara Michelle Miller (also known as Cara Michelle Smith), of Rapid City, South Dakota, a stockbroker registered with ProEquities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $300,000.00 in damages based upon the alleged unsuitable investment recommendation of oil and gas…
Bernell D. Baker, of Eagle Mountain, Utah, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon alleged the unsuitable investment recommendation of real estate securities during the period that Baker was associated…
New York-The Guiliano Law Group, P.C. announced today it has filed an arbitration claim on behalf of certain investors before the Financial Industry Regulatory Authority or FINRA, against a national securities broker-dealer, based upon the conduct of its former registered representative for the violation of the federal securities laws and Regulation Best Interest, and for…
Aaron T. Jasper, of Camarillo, California, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related civil action that was settled for $512,587.63 in damages based upon alleged violations of Financial Industry Regulatory Authority (FINRA) rules, and the state and federal securities laws, and that Jasper allegedly made certain…
Andrew J. Ross (also known as Andrew C. Ross), of Waltham, Massachusetts, a stockbroker formerly registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon the alleged unsuitable investment recommendation of oil…
Brent Christopher Fuchs, of Preston, Maryland, a stockbroker registered with Lincoln Financial Advisors Corporation (now known as Osaic FA Inc.), is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon the alleged unsuitable investment recommendation of oil and…
Darren Robert Grossman, of Bala Cynwyd, Pennsylvania, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon alleged breach of fiduciary duty and the unsuitable investment recommendation of “corporate bonds” during…
David Paul Wilson Jr., of Philadelphia, Pennsylvania, a stockbroker registered with J.P. Morgan Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $300,000.00 in damages based upon alleged unauthorized trading in stocks during the time that Wilson was associated with J.P….
Gregory Alexander Gangas (also known as Greg Gangas), of Tulsa, Oklahoma, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $235,000.00 in damages based upon the alleged failure to supervise certain representatives in connection with the recommendation…
Kenneth Wayne Finnell (also known as Ken Finnell), of Winchester, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $37,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs…
Marcel Pahmer, of Newport Beach, California, a stockbroker formerly registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $73,000.00 in damages based upon alleged breach of fiduciary duty and the unsuitable investment recommendation of corporate bonds when…
Mark E. Young, of Topeka, Kansas, a stockbroker registered with Osaic Wealth (also known as Royal Alliance Associates Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,850,000.00 in damages based upon alleged unsuitable recommendations and the misrepresentation of material facts in…
Matthew Douglas McFarland (also known as Matt McFarland), of Torrance, California, a stockbroker registered with WealthForge Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,500,000.00 in damages based upon alleged unsuitable recommendations and misrepresentations of material fact in connection with…
Phillip Chien-Cheng Kao, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Kao was associated with…
Stephen Romney Swensen, of Clearfield, Utah, a stockbroker registered with JW Cole Financial Inc. and investment advisor representative of Wealth Navigation Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $14,400,000.00 in damages resulting from an alleged fraud relating to a…
Travis Jerome Hughes, of El Paso, Texas, a stockbroker formerly registered with the defunct Investors Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $75,000.00 in damages based upon the alleged overconcentration of the customer’s account in real estate securities during…
Guy Gregory Clemente, of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $750,000.00 in damages based upon alleged breach of contract, failure to supervise, excessive trading, unsuitable recommendations, and…
David John Segarra, of Las Vegas, Nevada, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related complaint filed on June 3, 2024, in which the customer requested $80,000.00 in damages based upon alleged breach of fiduciary duty and unsuitable recommendations in illiquid real estate securities during the time…
Thomas Samuel Lisk (also known as Thomas Samual Lisk and as Tom Lisk), of Bristol, Virginia, a stockbroker registered with Realta Equities Inc., formerly known as Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages…
Rita Mansour, of Toledo, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $60,000.00 in damages based upon alleged omissions of material fact and unsuitable recommendations in corporate and asset-backed bonds during the time that…
Kevin Lawrence Kelly, of Atlanta, Georgia, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related complaint filed on June 27, 2024, in which the customer requested damages based upon alleged the unsuitable investment recommendation of structured notes when Kelly was associated with Avantax Investment Services Inc. Financial…
Lorraine Marie Gallette (also known as Lorraine Marie Schmidt), of El Dorado Springs, Missouri, a stockbroker registered with Coastal Equities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon alleged the unsuitable investment recommendation of alternative investments when…
Peter Brian Robertson, of Irvine, California, a stockbroker registered with Osaic FA Inc. (also known as Lincoln Financial Advisors Corporation), is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon alleged the unsuitable investment recommendation of oil and…
Andrew Templeton Murdoch, of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,359.00 in damages based upon allegations that Murdoch made the unsuitable investment recommendation of iCap Equity LLC private placements when Murdoch…
Edward Felix Dublis (also known as Ed Dublis), of Byron Center, Michigan, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages based upon allegations that Dublis made the unsuitable investment recommendation of…
Jim Eugene Scala Jr., of Beverly Hills, California, a stockbroker registered with PHX Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,900.00 in damages based upon allegations that Scala breached his fiduciary duties in connection with the sale of certain…
Michael Joseph Petrucelli of Charlotte, North Carolina, a stockbroker registered with Tobin Company Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,500,000.00 in damages based upon allegations that Petrucelli made misleading and false statements in connection with the sale…
Patrick Roland Hobert of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hobert breached his fiduciary duties and made the unsuitable investment recommendation of…
Stefan Ara Shimshidian of White Plains, New York, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Shimshidian was negligent, breached his fiduciary duties, committed fraud, breached…
Sumaya De Los Angeles Musa (also known as Sumaya Musa Quinones), of Aventura, Florida, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Musa misrepresented material facts, overconcentrated…
Terri Lynn Fassi (also known as Terri Lynn Phelps and as Terri Lynn Wojcicki), of Windsor, Colorado, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $16,000.00 in damages based upon allegations that Fassi breached her…
Roger Allan Roemmich of Alpharetta, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $73,300.00 in damages based upon allegations that Roemmich failed to conduct reasonable due diligence on direct investments and made…
Timothy Jan Vanlohuizen (also known as Tim Vanlohuizen), of Coeur d’Alene, Idaho, a stockbroker registered with SagePoint Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Vanlohuizen made unsuitable investment recommendations and overconcentrated…
Jorge Menendez of Miami, Florida, a stockbroker registered with Citigroup Global Markets Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $800,000.00 in damages based upon allegations that Menendez overconcentrated the customer’s account in structured notes during the time that Menendez…
Robert Gerald Lorente (also known as Bob Lorente), of Northville, Michigan, a stockbroker previously registered with Great Point Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Lorente breached his fiduciary duties, breached…
Craig Allen Hauger of Goodyear, Arizona, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Hauger made the unsuitable investment recommendation of alternative investments during the time that Hauger…
Lennard Cuno Van Der Feltz, of Tempe, Arizona, a stockbroker registered with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $225,000.00 in damages based upon alleged breach of fiduciary duty, negligent supervision, breach of contract, common…
David William Schwartz, of North Miami Beach, Florida, a stockbroker registered with FMSBonds Inc., was the subject of a customer initiated investment related complaint filed on December 28, 2020, in which the customer requested $253,800.00 in damages based upon allegations that Schwartz made the unsuitable investment recommendation of municipal bonds during the time that Schwartz…
Edward Carchia Jr. (also known as Ed Carchia and Edward Karchia), of Paramus, New Jersey, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Carchia made the unsuitable investment recommendation of…
Kevin Clinton Loyd Jr., of Town and Country, Missouri, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Loyd breached a contract, misrepresented material facts, and made…
Michael Richard Rosalia, of Melville, New York, a stockbroker registered with SW Financial, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Rosalia for allegedly failing to comply with FINRA in connection with its investigation into Rosalia’s potential unsuitable and excessive trading…
Myles William Easter, of West Des Moines, Iowa, a stockbroker registered with Bankers Life Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $30,000.00 in compensatory damages because Easter was held liable on the customer’s claims which included that…
Patricia Ann McGinley, of Greenwich, Connecticut, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint that was settled on March 27, 2023, for $28,000.00 in damages based upon allegations that McGinley made misrepresentations of material fact in connection with the sale of closed-end funds when McGinley was associated…
Raymond Edward DesRosiers (also known as Ray DesRosiers), of San Mateo, California, a stockbroker registered with Emerson Equity LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $27,000.00 in damages based upon allegations that DesRosiers violated securities laws and breached his fiduciary…
Ronald G. Smith (also known as Ron Smith), of Stamford, Connecticut, a stockbroker registered with Sanford C. Bernstein Co. LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Smith made misrepresentations and omissions of…
Scott Callis Barcomb, of Sarasota, Florida, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Barcomb failed to conduct adequate due diligence, failed to supervise certain…
Shane Michael Elsbury, of New Albany, Indiana, a stockbroker registered with American Equity Investment Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Elsbury made the unsuitable investment recommendation of corporate bonds during the time…
Theresa Allen (also known as Theresa Binkley and Theresa Givens), of Newport Beach, California, a stockbroker formerly registered with First Republic Securities Company LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,750,000.00 in damages based upon allegations that Allen engaged…
Thomas Benjamin Paine (also known as Tom Paine), of Arroyo Grande, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Paine made the unsuitable investment recommendation of illiquid alternative…
Vincent Anthony Pallitto Jr. (also known as Vince Pallitto and Vinny Pallitto), of Florham Park, New Jersey, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Pallitto made the unsuitable…
Michael Peter Sloan, of St. Charles, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related complaint on December 18, 2013, in which the customer requested $9,107.16 in damages based upon allegations that Sloan made material misrepresentations and omissions of fact in connection with the sale of real…
Brian Scott Graham, of Plainfield, Illinois, a stockbroker registered with Cetera Advisor Networks LLC, has been permitted to resign on April 11, 2024, based upon allegations that Graham made “unauthorized withdrawals” from a customer’s bank account. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Graham is also referenced in a customer initiated investment related…
Andrew Spiro Pandis, of Forest Hills, New York, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related “civil action” that was settled for $7,281.05 in damages based upon allegations that Pandis breached a contract in connection with the sale of fixed annuities when Pandis was associated with…
Brad Steven Whalen, of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $235,000.00 in damages based upon allegations that Whalen was negligent, violated federal securities laws and New Jersey securities…
Brian Hayden Solomon, of Encinitas, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon allegations that Solomon made the unsuitable investment recommendation of in non-traded real estate investment…
Daryl Tomobu Serizawa (also known as Daryl Serizana), of Irvine, California, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $335,875.45 in damages based upon allegations that Serizawa made the unsuitable investment recommendation of direct investments…
Gregory Lourdin of New York, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Lourdin failed to supervise certain representatives, made unsuitable invesment recommendations, and was negligent in connection…
Janine Lynn Ledbetter (also known as Janine Lynn Evans), of Vancouver, Washington, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Ledbetter failed to conduct adequate due diligence…
Jeffrey Patrick Hobert, of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., was referenced in a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,474.59 in damages based upon allegations that Hobert made the unsuitable investment recommendation of illiquid, high-commission, and risky corporate bonds for…
Joseph Edward Torres, of Staten Island, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Torres failed to follow instructions, made misrepresentations, and engaged…
Kurt Allen Berry, of Elizabethton, Tennessee, a stockbroker previously registered with Vanderbilt Securities 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 because Berry took part in private securities transactions while associated with Regula Financial Group LLC and Vanderbilt Securities LLC….
Mitchell Ross Pindus, of Los Angeles, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Pindus made “investment recommendations without disclosing the risks” when Pindus…
Patrick Michael Egan, of Glendora, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,001.00 in damages based upon allegations that Egan made misrepresentations of material fact in connection with the sale of…
Robert Lloyd Omohundro, of Atlanta, Georgia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Omohundro made the unsuitable investment recommendation of real estate securities when Omohundro was associated with…
Robert Morgan Vance, of Sonora, California, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Vance was negligent in connection with the sale of corporate bonds and made unsuitable…
Shawn Christian Everett of Estero, Florida, a stockbroker registered with Cetera Advisor Networks LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Everett made the unsuitable investment recommendation of real estate securities and private placements…
Timothy Neil Tremblay of Santa Barbara, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Tremblay over-concentrated the customer’s accounts in real estate securities which were both…
B. David Goldstein of Rancho Mirage, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $230,000.00 in damages based upon allegations that Goldstein made misrepresentations of material fact in connection with the sale…
Russell Paul Green of Syosset, New York, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customers. ostensibly residents of the Commonwealth of Pennsylvania requested $410,000.00 in damages based upon allegations that Green committed common law…
Patty Jane Dawson of Ann Arbor, Michigan, a stockbroker registered with Stifel Nicolaus Company Inc., was the subject of a customer initiated investment related complaint filed on February 5, 2024, in which the customer requested $52,000.00 in damages based upon allegations that Dawson made misrepresentations of material fact in connection with the sale of government…
Timothy Lee Connor, of Redwood Shores, California, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 to $500,000.00 in damages based upon allegations that Connor made the unsuitable investment recommendation of real estate…
Douglas Cy Waisner of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Waisner made misrepresentations of material fact in connection with the sale of government…
Surya Joshua Kane Metzler of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,800.00 in damages based upon allegations that Metzler made the unsuitable investment recommendation of speculative and risky bonds and breached…
Avi J. Bialo, of Encino, California, a stockbroker registered with Arete Wealth Management LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Bialo made the unsuitable investment recommendation of alternative investments when Bialo was associated…
Alan Mark Mason of New York, New York, a stockbroker registered with WestPark Capital Inc., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mason made the unsuitable investment recommendations in GWG Class L Bonds during the time that he was…
Charles William Wodrich (also known as Chip Wodrich), of Goodyear, Arizona, a stockbroker registered with Hornor Townsend Kent LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Wodrich based upon allegations that Wodrich failed to provide documents and information and failed…
Ali Barry Mahlooji, of Jersey City, New Jersey, a stockbroker registered with National Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $280,765.51 in damages based upon allegations that Mahlooji was negligent and made unsuitable investment recommendations during the time…
Anthony Ghiglieri, of Hauppauge, New York, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on October 18, 2023, in which the customer requested $31,500.00 in damages based upon allegations that Ghiglieri provided unsuitable investment advice to the customer when Ghiglieri was associated with Ameriprise…
Billy James Aycock of Nashville, Tennessee, a stockbroker formerly registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Aycock breached a contract, failed to supervise certain representatives, was negligent,…
Brian C. Pfeifler (also known as Bman Pfeifler), of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Pfeifler made unsuitable investment recommendations when Pfeifler was…
Clarence Ronald Patton Jr. (also known as Ron Patton), of Red Bank, New Jersey, a stockbroker registered with Alexander Capital L.P., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim which was settled for $225,000.00 in damages based upon allegations that Patton violated Florida Securities and Investor…
Daniel Philip Raupp of Setauket, New York, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related complaint filed on September 6, 2023, in which the customer requested compensatory damages based upon allegations that Raupp made omissions of material fact in connection with the sale of direct investments…
David Jon Zupek of Racine, Wisconsin, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $68,500.00 in damages based upon allegations that Zupek violated FINRA rules, breached his fiduciary duties, committed fraud, breached a contract,…
Jeffrey Stephen McHale (also known as Jeff McHale), of Hingham, Massachusetts, a stockbroker registered with Coburn Meredith Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that McHale engaged in unsuitable trading in over-the-counter equities when…
Jonna Doris Keller (also known as Jonna Doris Edelmayer and Jonna Doris Hansen), of Sarasota, Florida, a stockbroker registered with Sigma Financial Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Keller was negligent…
Mark David Wolpert of Plymouth, Minnesota, a stockbroker registered with MSI Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Wolpert made unsuitable investment recommendations and made misrepresentations of material fact about…
Michaela Rauscher (also known as Michaela Tarapenyans and Michaela Tarpenyans), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $11,500.00 in damages based upon allegations that Rauscher made misrepresentations of material…
Patrick Tantoco (also known as Hermogenes Gil Patrick Tantoco), of Honolulu, Hawaii, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Tantoco made the unsuitable investment recommendation…
Phillip Todd Cartwright of Appleton, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cartwright overconcentrated the customer’s portfolio in direct investments, made unsuitable recommendations, and omitted…
Richard Whitfield Brown of Fort Myers, Florida, a stockbroker registered with Summit Brokerage Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $368,803.00 in damages based upon allegations that Brown made the unsuitable investment recommendation of in real estate securities…
Shaun B. Floresca, of Chicago, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Floresca made the unsuitable investment recommendation of real estate securities when Floresca was associated…
Christopher Nelson Kirkland of Atlanta, Georgia, a stockbroker registered with Avantax Investment Services Inc., was the subject of a customer initiated investment related complaint that was settled on January 17, 2024, for $284,000.00 in damages based upon allegations that Kirkland made the unsuitable investment recommendation of structured notes during the time that Kirkland was associated…
Donna Louise Klink Payne, of Summerland, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer requested damages based upon allegations that Payne made unsuitable recommendations in real estate securities when Payne was associated with Centaurus Financial Inc….
Herbert C. White of Greenwood Village, Colorado, a stockbroker registered with Woodbury Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that White made omissions of material fact and the unsuitable investment recommendation…
Hugh Daniel Dunn Jr. (also known as Danny Dunn), of White Plains, New York, a stockbroker registered with The Rockwell Financial Group Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $21,000.00 in compensatory damages because Dunn or The Rockwell Financial Group Inc. was…
Karen Irene Schmidt (also known as Karen Irene Dry, Karen Irene Moore, and Karen Irene Scher), of Woodland Hills, California, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $400,000.00 in damages based…
Max Joseph Birkinbine of North Oaks, Minnesota, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $120,000.00 in damages based upon allegations that Birkinbine violated Minnesota Uniform Securities Act and breached his fiduciary duties…
Richard Benn McFarland Jr. of Wyomissing, Pennsylvania, a stockbroker registered with NPB Financial Group LLC and Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,521,706.00 in damages based upon allegations that McFarland recommended illiquid and risky non-traded…
Shannon Marie Powers (also known as Shannon Catuogno and Shannon Solomon), of Ridgefield, Washington, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Powers was negligent and…
Stacy Mari Goldsmith of Red Bank, New Jersey, a stockbroker registered with Herbert J. Sims Co Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Goldsmith made the unsuitable investment recommendation of private placements…
Stephen Paul Haskell of Richmond, Virginia, a stockbroker registered with WealthForge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Haskell was negligent, provided unsuitable investment advice, and breached his fiduciary duties in…
Stephen Russell Stanford (also known as Steve Stanford), of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Stanford made unsuitable recommendations, misled the customer, and…
Thomas Brian Swan, of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Swan misrepresented material facts in connection with the sale of corporate…
William Dale Dobbs of Clinton, Tennessee, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $138,000.00 in damages. The customer alleged that Dobbs breached his fiduciary duties and made unsuitable recommendations in corporate bonds during…
Andrew William Miles of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that Miles was negligent, made unsuitable recommendations, and breached his fiduciary duties…
Anthony George Makransky (also known as Tony Makransky), of League City, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Makransky made unsuitable investment recommendations and misrepresentations…
Brian Troy Hinson of Huntsville, Alabama, a stockbroker previously registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Hinson made the unsuitable investment recommendation of oil and gas investments when…
Charles Lawrence Friedlander (also known as Chuck Friedlander), of Los Angeles, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $495,000.00 in damages based upon allegations that Friedlander made unsuitable investment recommendations…
Daniel Reid Horowitz of New York, New York, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested up to $1,000,000.00 in damages based upon allegations that Horowitz made the unsuitable investment recommendation of…
Daniel Theodore Wilson of Auburndale, Massachusetts, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon allegations that Wilson made misrepresentations of material fact and made the unsuitable investment recommendation…
David Gary Simon of Crystal Bay, Nevada, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $68,000.00 in damages based upon allegations that Simon made misrepresentations of material fact in connection with the sale of…
David Scott Lex of Mequon, Wisconsin, a stockbroker formerly registered with BMO Harris Financial Advisors Inc., is referenced in a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Lex failed to follow instructions, made unsuitable investment recommendations, and made misrepresentations…
Eric Adam Stiba of Waco, Texas, a stockbroker registered with Lion Street Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon the alleged unsuitable investment recommendations of direct investments (direct participation program interests and limited partnership…
Gary Leonard Ziegler of Madison, Wisconsin, a stockbroker registered with Transamerica Financial Advisors Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Ziegler engaged in unsuitable trading when Ziegler was associated with Transamerica Financial Advisors…
Jason Andrew Shelby, of Memphis, Tennessee, a stockbroker formerly registered with FSC Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $286,913.28 in damages based upon allegations that Shelby overconcentrated the customer’s accounts in real estate securities when Shelby was associated…
John Norman Doiron of Toano, Virginia, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that Doiron breached his fiduciary duties, was negligent, and breached a contract in…
Kathryn J. Hackney (also known as Kathryn Ohlin), of Orange, California, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Hackney made the unsuitable investment recommendations of real…
Marc David Drew of Salt Lake City, Utah, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000.00 in damages based upon allegations that Drew made the unsuitable investment recommendation of real estate…
Mark Allen Upchurch, of Houston, Texas, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Upchurch breached his fiduciary duties and made the unsuitable investment recommendation of illiquid…
Philip Andrew Gibson, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Gibson defrauded the customer, violated securities laws, breached his fiduciary duties, was negligent,…
Rodney David Potratz of Laguna Beach, California, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related complaint filed on November 12, 2023, in which the customer requested compensatory damages based upon allegations that Potratz made the unsuitable investment recommendation of closed-end interval funds and mutual funds during the…
Zachary Ellis Taylor (also known as Zach Taylor), of Newport Beach, California, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $426,000.00 in damages based upon allegations that Taylor breached his fiduciary duties, breached a…
Daniel B. Chancellor (also known as Dan Chancellor), of Evansville, Indiana, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Chancellor breached his fiduciary duties, made unsuitable investment recommendations, was negligent, and violated…
Travis Lynn Riggs, of Bentonville, Arkansas, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on June 1, 2023, for $23,732.11 in damages based upon allegations that Riggs charged excessive fees in connection with their investment account when Riggs was associated with Equitable Advisors…
Carey Allen James, of Arroyo Grande, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages due to the unsuitable investment recommendation of illiquid real estate securities when James was associated with Centaurus Financial Inc. FINRA…
John Raymond Hebner (also known as Jack Raymond Hebner), of Hayden, Idaho, a stockbroker registered with Moloney Securities Co. Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $30,000.00 in damages based upon allegations that Hebner engaged in unsuitable trading and was negligent in connection…
Adam Jesse Gurien of Palm Beach Gardens, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $120,000.00 in damages based upon allegations that Gurien made misrepresentations and the unsuitable investment recommendation of…
Christopher Joseph McCoy of Tampa, Florida, a stockbroker registered with Calton Associates Inc., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McCoy engaged in unauthorized discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2020067072101 (April 16, 2024). The regulatory…
Dale Erbin Timmermann of Vandalia, Illinois, a stockbroker registered with Moloney Securities Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $11,000.00 in damages based upon allegations that Timmermann was negligent and made unsuitable recommendations in corporate bonds during the time…
Donald Norman Rich, of Stamford, Connecticut, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Rich failed to follow the customer’s instructions when Rich was associated…
James D. Davis Jr. of Columbia, Tennessee, a stockbroker registered with IFP Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $42,000.00 in damages based upon allegations that Davis breached his fiduciary duties and violated securities laws in connection with the…
Jeffrey Wayne Kitchen, of West Chester, Pennsylvania, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Kitchen engaged in “unsuitable trading,” given the customer’s risk tolerance during the time that…
Larry Joseph Michaels, of Orange, California, a stockbroker registered with Crown Capital Securities LP, has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Michaels engaged in discretionary or unauthorized trading, which must be in writing and approved by the member, and…
Lawrence William Waller II, of Atlanta, Georgia, a stockbroker registered with Stonex Securities Inc., formerly Stern Agee Financial Services, Inc. , is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Waller breached his fiduciary duties…
Margaret Ellen Suite-Arnold (also known as Midge Suite) of China Grove, North Carolina, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,650.00 in damages based upon allegations that Suite-Arnold did not conduct adequate due diligence…
Mark William Just, of Indianapolis, Indiana, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Just made the unsuitable investment recommendation of real estate investment trusts or REITs…
Michael John Mashak of La Crosse, Wisconsin, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Mashak made the unsuitable investment recommendation of Real Estate Investment Trusts or REITs…
Randall Earl McGill, of Homer Glen, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $65,000.00 in damages based upon allegations that McGill breached his fiduciary duties, made unsuitable recommendations, violated Securities Exchange…
Robert Leo Luley Jr. of New York, a stockbroker registered with Madison Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Luley failed to respond to the regulator’s requests for information. FINRA Case No. 2018060896201 (October 24, 2023). According to FINRA Public Disclosure, Luley was…
Ronald Michael Reilly (also known as Ron Reilly), from Park City, Utah, a stockbroker registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint filed on March 17, 2022. According to the complaint, Reilly implemented an investment strategy that was inconsistent with the customer’s investment objectives during the period…
William Edward Hutchingson, of Flushing, New York, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hutchingson made the unsuitable investment recommendation of Real Estate Invesrment Trusts…
William Vito Romeo (also known as “Doughboy Romeo”) of East Meadow, New York, the President and Chief Executive Officer of RNR Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $115,000.00 in damages based upon allegations that Romeo engaged in…
Jack Edward Newhouse of Muskegon, Michigan, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on December 27, 2022. The customer requested compensatory damages based upon allegations that Newhouse made unsuitable investment recommendations and misrepresentations in connection with the purchase of variable annuities during…
Randy Carter Cox of Hudson Oaks, Texas, a stockbroker registered with FSC Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Cox made the unsuitable investment recommendation of real estate securities or REITs…
Michael Maggiore, of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Maggiore made the unsuitable investment recommendation of Real Estate Investment Trusts or REITS during…
Kevin L. Peters, of Melville, New York, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Peters made the unsuitable investment recommendations of real estate securities during the time…
James Cabourne Blaszyk, of Boca Raton, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Blaszyk made unsuitable investment recommendations when Blaszyk was associated with…
Andrea Ruth Klipfel (also known as Andrea Ruth Camirand), of Paso Robles, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $373,888.00 in damages based upon allegations that Klipfel engaged in “unsuitable trading”…
David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…
Hagin Gifford Richeson of Clearwater, Florida, a stockbroker registered with Corinthian Partners LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $9,000,000.00 in damages based upon allegations that Richeson failed to perform adequate due diligence in connection with the sale of preferred…
James Franklin Shenk of Glen Rock, Pennsylvania, a stockbroker registered with Realta Equities Inc., formerly known as Coastal Equities, Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $215,000.00 in damages based upon allegations that Shenk made the unsuitable investment recommendation of…
James Robert Reynolds of Minneapolis, Minnesota, a stockbroker registered with Northland Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Reynolds made the unsuitable investment recommendation of non-traded Real Estate Investment Trust (“REITs”) or…
John Douglas Engler Sr. of Martinez, Georgia, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Engler failed to testify in a FINRA investigation into allegations of misappropriation during the time that he was associated with Ameriprise Financial Services…
Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the…
Lamont Adrian Chandler, of Prairie Village, Kansas, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Chandler made the unsuitable investment recommendations of direct investments when Chandler was…
Leslie Howard Kern (also known as Les Kern), of Wilmington, North Carolina, a stockbroker registered with DH Hill Securities LLLP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Kern made unsuitable recommendations in asset-backed…
Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made…
Michael Scott Barrows, of Irvine, California, a stockbroker registered with Accelerated Capital Group, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $1,035,360.46 in compensatory damages because Barrows was held liable on the customer’s claims which included violation of federal securities…
Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages. The claim is based on allegations that Blake recommended an unsuitable real estate security…
Toria Noelle Briggs (also known as Toria Scotto), of Washington, D.C., a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $160,000.00 in damages. The claim alleged that Briggs failed to disclose liquidity limitations and certain selling-related…
James Arthur Schwarz, of Short Hills, New Jersey, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related complaint filed on September 12, 2023. In this complaint, the customer requested compensatory damages based upon allegations that Schwarz made the unsuitable investment recommendations of over-the-counter equities and caused the…
Lina Maria Garcia, of Miami Florida, a stockbroker formerly registered with Insigneo Securities LLC is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Garcia overconcentrated the investor’s accounts in speculative securities and made unsuitable investment recommendations….
William Frederick Fox (also known as Bill Fox and Billy Fox), of Austin, Texas, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related “complaint” that was settled for $8,000.00 in damages on November 23, 2022, based upon alleged “poor performance in direct investments and real estate securities” recommended…
Thomas James Baumann, of New York, New York, a stockbroker previously registered with Spartan Capital Securities LLC, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA), where the regulator is seeking sanctions against Baumann based upon allegations that Baumann failed to comply with an investigation into allegations of his…
Randall Alan Heller (also known as Randy Heller), of Oak Lawn, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heller refused to cooperate with a FINRA investigation about the reason his stockbroker registration was terminated by Ausdal…
Craig Lee Carson (also known as C. Chance Carson), of Colorado Springs, Colorado, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $701,211.32 in damages based upon allegations that Carson breached his fiduciary duties,…
Jack W. Yvars of Concord, New Hampshire, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $104,624.00 in damages based upon allegations that Yvars made the unsuitable investment recommendation of certain mutual funds when Yvars…
Jae Hun Kim (also known as J.H. Kim), of Cortlandt Manor, New York, a stockbroker registered with E1 Asset Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kim failed to provide the regulator with requested information and documents during an investigation into a customer…
John Jude Butler of Ocala, Florida, a stockbroker previously registered with Pruco Securities 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 because Butler engaged in outside business activities and failed to report related compensation from a Prudential customer. Letter of…
Louis Joseph Pellegriti, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $500,000.00 in damages based upon allegations that Pellegriti breached his fiduciary duties, engaged in churning, made misrepresentations of…
Juan Manuel Ramos of Downey, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Ramos recommended illiquid real estate securities with declining values and high fees when…
Richard Glenn Shaw (also known as Rick Shaw), of Scottsdale, Arizona, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages based upon allegations that Shaw made the unsuitable investment recommendation of certain…
Richard Lance Belline, of Rogers, Arkansas, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on December 18, 2023, in which the customer requested $64,781.68 in damages based upon allegations that Belline overcharged advisory fees when Belline was associated with Equitable Advisors LLC. It is uncertain…
Sean Burr of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $298,000.00 in damages based upon allegations that Burr made unsuitable recommendations in speculative and illiquid real estate securities and corporate…
Robert Nelson Rasbach, of Westport, Connecticut, a stockbroker registered with David Lerner Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Rasbach made unsuitable investment recommendations and made misrepresentations and omissions of material…
LOS ANGELES – The Guiliano Law Group, P.C. announced today it has filed an arbitration claim on behalf of certain investors before the Financial Industry Regulatory Authority or FINRA, against a national securities broker-dealer, and its purported Portfolio Managers, for the violation of the federal securities laws, the recommendation of unsuitable securities, negligence, common law…
John H. Klaasen IV, of Hayden Lake, Idaho, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Klaasen supposedly failed to follow instructions regarding the purchase of certain securities from…
Sally Ann Weger (also known as Sarah Ann Weger), of Palm Beach Gardens, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $350,000.00 in damages based upon alleged unauthorized withdrawals from an individual retirement account during…
Trey Andrew Toifel, of Mobile, Alabama, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Toifel recommended overly concentrated investments in structured bank notes during the time that…
Yong Seok Chang, of Seattle, Washington, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded real estate investment trusts (REITs) when…
Joshua Lofton Baker (also known as Joshua Baker Ford), of Hoover, Alabama, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on November 7, 2023, based upon allegations that Baker was the subject of customer complaints alleging sales practice violations in connection with the sale of whole life insurance and variable…
Jack Robert Thacker Jr. (also known as J.R. Thacker) of Bristol, Virginia, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Thacker engaged in the unsuitable recommendation…
Glenn J. Romer, of Vero Beach, Florida, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Romer made unsuitable recommendations in GWG Class L Bonds during the…
Eugene Cebron Thompson IV (also known as Bron Thompson), of Dunn, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Thompson breached his fiduciary duties,…
Donna Maria Seymour (also known as Donna Maria Pastorik), of Winter Haven, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Seymour made unsuitable recommendations and breached…
Christina Marie Silvius (also known as Christina Marie Lomas), of Kansas City, Missouri, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $320,000.00 in damages based upon allegations that Silvius made unsuitable recommendations in…
Albert Anthony Bevilacqua III (also known as Tony Bevilacqua), of Boca Raton, Florida, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Bevilacqua made unsuitable recommendations in…
Alexander Arango (also known as Alexander Arango Burkatkaya), of Dania, Florida, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related complaint filed on December 20, 2023. In this complaint, the customer requested damages based on allegations that Arango made misrepresentations of material fact and unsuitable recommendations in…
Armando G. Roman, of Scottsdale, Arizona, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Roman made the unsuitable investment recommendation of real estate investment trusts (REITs)…
Barbara Jean Borowsky, of Rome, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim where the customer requested more than $100,000.00 in damages based upon allegations that Borowsky failed to conduct reasonable due diligence on direct investments (DPPs…
Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate…
Daniel Benjamin Kistler, of Rome, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Kistler failed to conduct due diligence and made the unsuitable investment recommendation…
Guy Anthony Harrigan, of Boulder, Colorado, a stockbroker registered with Lion Street Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $325,000.00 in damages based upon allegations that Harrigan made the unsuitable investment recommendation of direct investments when Harrigan was…
Kurt Charles Jackson, of San Luis Obispo, California, a stockbroker formerly associated NFP Advisor Services LLC (also known as Kestra Investment Services LLC), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $375,000.00 in damages based upon allegations that Jackson made unsuitable recommendations…
Michael Christopher McFeeley, of York, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $82,992.32 in damages based upon allegations that McFeeley made unsuitable investment recommendations in oil and gas investments during the time…
Philip Michael Connors, of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to comply with the regulator during an investigation into his trading in customer accounts while he was registered with…
Stephen James Sperling, based in Palatine, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested $500,000.00 in damages. The claim alleged that Sperling promised the customer a 6.5 percent return on investment and…
Tamara Ann Glenn (also known as Tamara Dawson, Tamara Gallegos, Tamara Haselby, and Tamara Langham), of East Lansing, Michigan, a stockbroker registered with Essex National Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $35,000.00 in damages based upon allegations…
Chuck A. Roberts of New York, New York and Miami Beach, Florida, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000,000.00 in damages based upon alleged negligence, breach of fiduciary duty,…
Eric Gustav Kuchherzki (also known as Eric Kuchherski), of Burlingame, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $28,000.00 in damages on January 15, 2024. The claim alleges that Kuchherzki made unsuitable invstment recommendations…
James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Mariani breached a contract, engaged in unsuitable trading, breached his fiduciary duties, and was…
Jeffrey T. Kennedy of Quincy, Illinois, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Kennedy made the unsuitable investment recommendation of alternative investments when Kennedy was…
Kirk James Crossen of Carmel, Indiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on October 31, 2023, based upon allegations that Crossen was not forthcoming during the securities broker dealer’s inquiry into a loan from Crossen’s customer at a prior firm. Public Disclosure also shows that…
Lei Shen (also known as Peter Shen), of Orange, California, a stockbroker registered with NI Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Shen made unsuitable investment recommendations and overconcentrated accounts in business…
Marion Leopold Leonberger Jr. (also known as Sonny Leonberger), of Louisville, Kentucky, a stockbroker previously registered with American Equity Investment Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages. The claim alleged that Leonberger made unsuitable recommendations in…
Patrick Michael Mendenhall of Houston, Texas, a stockbroker registered with USCA Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Mendenhall engaged in unsuitable trading and failed to supervise certain representatives in connection with…
Roy Chuck Waugh of Lawton, Oklahoma, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Waugh did not change the beneficiaries on a customer’s account according to the…
Shane Michael DeSherlia of Jerseyville, Illinois, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that DeSherlia made unsuitable investment recommendations and was negligent in connection with the sale…
Thomas Burgess Hamlin of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $108,000.00 in damages based upon allegations that Hamlin made unsuitable investment recommendations of iCap Equities private placements when Hamlin was…
Alfred Sietze Vanderlaan (also known as Al Vanderlaan), of Watertown, South Dakota, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations that Vanderlaan violated state securities…
Scott Jason Lee of Cold Spring, Minnesota, a stockbroker formerly registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Lee made unsuitable investment recommendations and was negligent in connection…
David Leslie Arlein of Boca Raton, Florida, a stockbroker registered with Cabot Lodge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Arlein was negligent, made misrepresentations of material facts, breached a contract, breached his fiduciary duty,…
James Ahern of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $57,750.43 in compensatory damages because Ahern and Laidlaw Company (UK) Ltd. were held liable on the customer’s…
Luke Michael Johnson of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., has been fined $15,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson made unsuitable recommendations to customers. Department of Enforcement v. Luke Johnson, Order Accepting Offer of Settlement No. 2019061213402…
Nancy Ellen Cole also known as Nancy Ellen Hall, of Sacramento, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $72,000.00 in damages based upon allegations that Cole made misrepresentations of material fact in connection with the sale…
Nir Regev Kragnes of Saint Louis, Missouri, a stockbroker registered with DFPG Investments LLC, was the subject of a customer initiated investment related complaint that was settled on July 17, 2023, for $278,680.61 in damages based upon allegations that Kragnes made unsuitable recommendations in illiquid real estate securities during the time that Kragnes was associated with…
Robert Alan Eisenberg of Vienna, Virginia, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $27,663.88 in damages based on allegations that Eisenberg made unsuitable investment recommendations in oil and gas investments during the time that Eisenberg was associated…
Seth Gordon Mason of Grand Rapids, Michigan, a stockbroker previously registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested compensatory damages based upon allegations that Mason engaged in unsuitable trading in the customer’s account from 2017 to…
Shawn Spellacy of Fair Oaks, California, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $719,415.00 in damages based upon allegations that Spellacy made unsuitable recommendations in stocks during the time that Spellacy was associated with Calton Associates Inc….
Stephen Curtis Lawler Jr. of Dunlap, Illinois, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages. The claim alleged that Lawler made omissions of material fact and unsuitable recommendations in real estate securities and direct investments during…
Timothy Harold Judson of McLean, Virginia, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages between $100,000.00 and $500,000.00 based upon allegations that Judson made unsuitable recommendations in direct investments during the time that Judson was associated with…
Austin Richard Dutton Jr., of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Dutton based upon allegations that Dutton made unsuitable investment recommendations and falsified customer documents. Department of Enforcement v….
Felipe Henao Vargas (also known as Felipe Henao and Felipe Henos), of Miami, Florida, a stockbroker formerly registered with Insigneo Securities LLC, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Henao engaged in unauthorized trading in a customer’s account. Letter…
John Kevin Egan of Glendora, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Egan engaged in violations of federal securities laws, made unsuitable recommendations, and made misrepresentations and omissions of…
Lawrence Richard Greenfield (also known as Larry Greenfield), of Woodland Hills, California, a stockbroker formerly registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $950,000.00 in damages based upon allegations that Greenfield made unsuitable investment recommendations in alternative investments during…
Paul Kai Addo III, of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Addo failed to follow instructions regarding the purchase of market-linked investments or structured products from January…
Walter Paul Shoczolek III (also known as Walter Paul Shoczolek), of Cornelius, North Carolina, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Shoczolek made unsuitable investment recommendations in mutual funds…
Yann C. Faho (also known as John Faho and Jann Faho), of New York, NY, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Faho used unauthorized communication devices to correspond with customers regarding…
David Wayne Karin, of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,220,000.00 in damages based upon allegations that Karin made misrepresentations of material fact and made unsuitable recommendations in GWG Class L corporate…
Benjamin Soccodato of Elmsford, New York, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Soccodato engaged in unsuitable trading and made misrepresentations of material fact in connection with the sale of…
Lawrence William Catena, of Naples, Florida, a stockbroker registered with Morgan Stanley Smith Barney, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Catena made unsuitable recommendations in structured products and mutual funds when Catena was associated with Morgan Stanley…
Tim Paul Peyton, of Gretna, Louisiana, a stockbroker registered with Crown Capital Securities L.P., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that Peyton made unsuitable recommendations in non-traded REITs while he was associated with Crown Capital Securities L.P….
Edward Isaac Rosenblatt, of Mission Viejo, California, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Rosenblatt breached his fiduciary duties and breached a contract, and that Cetera Advisor Networks LLC…
Eric Alexander Duncan, of Denver, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $196,000.00 in damages based upon allegations that Duncan was negligent and engaged in unsuitable recommendations in direct investments and corporate bonds when Duncan…
John Spyro Demertzis of East Setauket, New York, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Demertzis made unsuitable recommendations in alternative investments, including real estate securities during the time that Demertzis…
Yin Yvonne Zhong (also known as Yvonne Zhong), of Milpitas, California, a stockbroker registered with Ni Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Zhong breached her fiduciary duties, was negligent, and made unsuitable recommendations in GWG Class…
Norman Ray Harp, of Leawood, Kansas, a stockbroker registered with B.B. Graham Company Inc. and Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages based upon allegations that Harp engaged in unsuitable trading and was negligent in connection with…
Peter John Clarke, of Palm Beach, Florida, a stockbroker registered with Truist Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $6,300,000.00 in damages based upon allegations that Clarke made unsuitable recommendations in equities when Clarke was associated with Truist Investment Services Inc….
Ralph Dennis Courtland, of Fairfield, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages in excess of $1,000,000.00 based upon allegations that Courtland failed to supervise a financial advisor from April of 2012 through…
Randall Leigh Raymond (also known as Randy Raymond), of Lincoln, Nebraska, a stockbroker registered with SagePoint Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $5,788.00 in damages based upon allegations that Raymond breached his fiduciary duties, breached a contract, and was negligent in connection…
Robert James Rumley III, of Atlanta, Georgia, 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 allegations that Rumley did not manage the customer’s accounts in her best interests during the time that Rumley was…
Roberto Francisco Leslie (also known as Robert Leslie), of Brooklyn, New York, a stockbroker registered with Essex National Securities LLC and Infinex Investments Inc., was the subject of a customer-initiated investment related complaint filed on September 6, 2023, in which the customer requested $10,000.00 in damages based upon allegations that Leslie advised the customer that…
Shane Collins Wilhelm, of Roanoke, Virginia, a stockbroker previously registered with Fortune Financial Services Inc. and Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) in any capacity because Wilhelm failed to respond to FINRA’s requests for information. Case No. 2021072674801 (September 5, 2023). Initially, Wilhelm faced a…
Vincent Anthony Sharpe (also known as Vincent Ottomanelli-Sharpe), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $283,716.78 in damages based upon allegations that Sharpe made unsuitable investment recommendations during the time that Sharpe…
Joseph Patrick Katzaroff, of Irvine, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on June 1, 2023, in which the customer requested $1,000,000.00 in damages based upon allegations that Katzaroff made unsuitable recommendations. The complaint alleges that Katzaroff failed to consider the trustee’s…
Mark Steven Elias, of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Elias made unsuitable recommendations and misrepresentations of material fact in connection with an options overlay strategy…
John Gerard Forrester Jr., of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Forrester breached his fiduciary duties, committed fraud, was negligent, and breached contract in connection with…
Andrew Joseph Kubicsko Jr., of Chicago, Illinois, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Kubicsko made an unsuitable recommendation of Thornburg Limited Term Municipal Fund, which was supposedly not…
Damian Mark Baird, of Boston, Massachusetts, a stockbroker previously associated with Moors Cabot Inc., is currently under investigation by the Financial Industry Regulatory Authority (FINRA) as of July 14, 2023. Case Nos. 20230776692 and 20230782402. The investigation revolves around allegations that Baird potentially violated FINRA Rules 8210 and 2010 by failing to respond to FINRA’s…
David McDonald Wilson of Gulf Shores, Alabama, a stockbroker associated with Hancock Whitney Investment Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 4, 2020, for $103,673.33 in damages based upon allegations that Wilson provided the customer with misleading information to encourage the purchase of a variable…
George Wilson Howe, of Austin, Texas, a stockbroker associated with USCA Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Howe breached fiduciary duty and was negligent during the time that he was associated…
Hector Alberto Mena, of Delray Beach, Florida, a stockbroker associated with Wells Fargo Clearing Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested approximately $300,000.00 in compensatory damages, as well as punitive damages, based on allegations that Mena provided unsuitable recommendations…
James C. Kelly, of Chicago, Illinois, a stockbroker associated with UBS Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $2,250,000.00 in damages based upon allegations that Kelly made unsuitable recommendations and made misrepresentations of material fact during the time that…
Jason Kimber, of Logan, Utah, a stockbroker associated with J.W. Cole Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,000,000.00 in damages. The allegations center around Kimber’s involvement in alleged fraudulent activities that were conducted away from J.W. Cole…
Joel Dale Farnsworth of Los Angeles, California, a stockbroker associated with Wedbush Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,200,000.00 in damages based upon allegations that Farnsworth was negligent and breached his fiduciary duty in connection with the…
Milind Pinak Dalal of San Jose, California, a stockbroker associated with Purshe Kaplan Sterling Investments, was the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Dalal provided “bad advice” concerning an “investment club,” Casa Blanca Investments, which appears to be a novel…
Rodney Stuart Ferguson, of Chesterfield, Missouri, a stockbroker associated with NYLife Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $2,500,000.00 in damages. Ferguson allegedly provided unsuitable financial planning services and sold inappropriate fixed insurance policies and annuities between 2011…
Roy Alvin Williams Sr., of Stratford, Connecticut, a stockbroker associated with Center Street Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $42,000.00 in damages based upon allegations that Williams made unsuitable recommendations of GWG L Bonds when Williams was…
Thomas Ardavast Kudarauskas (also known as Tom Kudarauskas), of Atlanta, Georgia, a stockbroker associated with Woodbury Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Kudarauskas engaged in unsuitable recommendations and trading in…
Valentino Michael Scott of West Hills, California, a stockbroker associated with Centaurus Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages. According to the claim, Scott recommended a high-risk, complex, and illiquid corporate bonds or structured products during…
Christopher Booth Kennedy of Woodland Hills, California, a stockbroker registered with Western International Securities, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Kennedy based upon allegations that Kennedy engaged in churning of customer accounts. Department of Enforcement v. Christopher Booth…
David Alan Harris of White Plains, New York, a stockbroker associated with Chester Harris Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $250,000.00 in damages based upon allegations that Harris made unsuitable recommendations of Puerto Rico bonds during the time…
Donald Norman Rich of Old Greenwich, Connecticut, a stockbroker associated with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Rich supposedly failed to follow the customer’s instructions “beginning in 2018.”…
Fermin Alberto Mesina of Chula Vista, California, a stockbroker associated with Infinex Investments Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 to $1,000,000.00 in damages based upon allegations that Mesina failed to perform adequate due diligence and concentrated a…
Henry Nathan Goodman of New York, New York, a stockbroker associated with UBS Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $225,000.00 in damages based upon allegations that Goodman made unsuitable recommendations and misrepresented information about an options overlay strategy…
John Andrew Rochester of Santa Fe, New Mexico, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $554,834.70 in compensatory damages because Morgan Stanley was held liable on the customer’s claims of breach of fiduciary…
Joshua Aaron Green of New Port Richey, Florida, a stockbroker associated with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Green overconcentrated the customer in structured notes, which resulted in losses….
Kevin Thomas Dooley of Miami, Florida, a stockbroker associated with Equitable Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $98,400.00 in damages based upon allegations that Dooley made unsuitable recommendations of alternative investments between 2012 and 2014 when Dooley was…
Michael Albert DiPietro (also known as Mike Albert DiPietro), of Pasadena, California, a stockbroker associated with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that DiPietro misrepresented equipment leasing and real estate…
Megurditch Patatian (also known as Mike Patatian), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Patatian made unsuitable recommendations to his customers. In the Matter of Department of Enforcement v. Patatian, Decision No. 2018057235801…
Rajvinder Singh Budwal of San Jose, California, a stockbroker associated with SagePoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $22,500.00 in damages based upon allegations that Budwal made unsuitable recommendations of an equity fund. Budwal was associated with SagePoint…
Robert Earl Stanlick, of Colorado Springs, Colorado, a stockbroker associated with Presidential Brokerage Inc. (also known as Forta Financial Group Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $34,000.00 in damages based on allegations that Stanlick engaged in breach of fiduciary…
Ronald Burton Smith, of Bordentown, New Jersey, a stockbroker registered with PTS Brokerage LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith made false statements to a PTS Brokerage LLC supervisor, used unauthorized means to communicate with customers, and refused to comply with FINRA’s requests…
Walter Ickert, of Ridgeland, South Carolina, a stockbroker associated with IFP Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Ickert failed to conduct adequate due diligence, misrepresented an investment’s safety, failed to…
William Donovan Ard (also known as Bill Ard), of Short Hills, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ard made misrepresentations of material fact to a customer and had made…
Airung Liu, of Fremont, California, a stockbroker associated with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Liu made unsuitable recommendations of direct investments to the customer during the time that…
Chay Thomas Lapin, of Torrance, California, a stockbroker associated with WealthForge Securities, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Lapin failed to conduct reasonable due diligence, was negligent, made unsuitable recommendations, failed to…
Craig Sherman Thistlethwaite, of Perrysburg, Ohio, a stockbroker associated with Morgan Stanley, has been discharged by the securities broker dealer on January 17, 2023. The termination was based upon Thistlethwaite supposedly entering transactions in two related customers’ accounts without receiving verbal confirmation, purchasing a timeshare from a customer without firm approval, and engaging in unauthorized…
Damian Maggio, of Garden City, New York, a stockbroker and the Chief Executive Officer of Joseph Stone Capital L.L.C., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $354,994.55 in damages based upon allegations that Maggio failed to supervise certain representatives in…
David Edwin Alvarado, of New York, New York, a stockbroker formerly associated with SW Financial, also known as Saloman Whitney LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer seeks $30,000.00 in damages based upon allegations that Alvarado engaged in unsuitable, excessive, and unauthorized…
Frank John Calise, of Scottsdale, Arizona, a stockbroker associated with Questar Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Calise engaged in misrepresentation, fraud, and breach of fiduciary duty in connection with the…
Gregory Alan Jacobson, of Red Bank, New Jersey, a stockbroker associated with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,000.00 in damages based upon allegations that Jacobson made an unsuitable investment recommendation to the customer. FINRA Arbitration…
Jack Lewis Jones Jr. (also known as JJ Jones), of Houston, Texas, a stockbroker associated with Triad Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages. The claim alleged that Jones made unsuitable recommendations, failed to sufficiently disclose…
James William Tausz (also known as Jim Tausz), of Clarion, Iowa a stockbroker associated with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $15,000.00 in damages based upon alleged unsuitable recommendations, breach of contract, fraud, breach…
Jerry Thomas Bileski (also known as Jay Bileski), of Garden City, New York, a stockbroker associated with Worden Capital Management LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Bileski failed to supervise certain representatives in connection with the…
John Brendan Dobbertin of Fayetteville, New York, a stockbroker associated with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $19,500.00 in damages based upon allegations that Dobbertin violated FINRA suitability rules, acted negligently, made misrepresentations and omissions…
John James Forster, of Washington, DC, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $272,000.00 in damages based upon allegations that Forster failed to act in the customer’s best interest and…
Larry Richard Law, of Irvine, California, a stockbroker associated with JRL Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $400,000.00 in damages based upon alleged unsuitable trading, misrepresentation and omission of material facts, negligence, and breach of fiduciary duty…
Mark Alan Thompson of Atlanta, Georgia, a stockbroker associated with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $172,500.00 in damages based upon allegations that Thompson provided unsuitable recommendations, was negligent, and caused the customer’s account to be overconcentrated in certain…
Matthew Thomas Lawson, of Chattanooga, Tennessee, a stockbroker associated with Raymond James Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Lawson made misrepresentations of material fact about a trust account. The customer…
Patricia Lynn Sans (also known as Patricia Lynn Coleman), of West Palm Beach, Florida, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $240,000.00 in damages. The customer alleged that Sans made unsuitable recommendations of options, municipal…
Ralph Siegfried Waller, of Peachtree City, Georgia, a stockbroker associated with Woodbury Financial Services, was referenced in a customer initiated investment related complaint filed on January 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Waller failed to act in the customer’s best interest when recommending a variable annuity redemption…
Richard Duane Mukomela (also known as Rick Mukomela), of Minnetonka, Minnesota, a stockbroker associated with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Mukomela misrepresented a real estate investment trust (REIT)…
Ronald L. Bucher (also known as Ron Bucher), of Fort Myers, Florida, a stockbroker associated with Pinnacle Investments LLC, was the subject of a customer initiated investment related complaint in which the customer requested $77,772.32 in damages. The customer claimed that Bucher engaged in unauthorized and unsuitable trading in stocks and equities. This complaint was…
Timothy Joseph Scanlon of Scottsdale, Arizona, a stockbroker associated with Arque Capital Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $230,208.89 in damages based upon alleged breach of fiduciary duty, breach of contract, negligence, and violation of state and federal securities laws,…
Arthur Gilbert Faren of Fort Lauderdale, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,500.00 in damages based upon allegations that Faren did not follow the customer’s instructions regarding stop limit orders when Faren…
Brent William Makarczyk, of Kingston, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $54,500.00 in damages based upon allegations that Makarczyk made unsuitable recommendations of real estate securities, life insurance products, and variable…
Daniel Joe Baldwin of Walnut Creek, California, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Baldwin made misrepresentations of material fact in connection with the sale of corporate…
Donald Trendley McKiernan of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that McKiernan failed to supervise certain representatives’ GWG L Bond sales resulting in misappropriation when McKiernan…
Jack Ryan Riley, of Warren, New Jersey, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,450,000.00 in damages based upon allegations that Riley made misrepresentations of material fact and made unsuitable recommendations of…
James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties,…
Jeffrey Allen Morris of Estes Park, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Morris made unsuitable recommendations and was negligent in connection with the…
Jorge Miguel Alvarez, of Miami, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $293,000.00 in damages based upon allegations that Alvarez made unsuitable recommendations of Guaranteed Investment Contracts or GICs when Alvarez was…
Mark Wilkinson Richards (also known as Mark Dickey), of Albuquerque, New Mexico, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $220,000.00 in damages based upon allegations that Richards made omissions of material fact in…
Michael John Wagner of Atlanta, Georgia, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that Wagner engaged in unsuitable trading in options during the time that Wagner was associated with…
Rami Sassoon (also known as Rami Sela and Ram Sassen), of New York, New York, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Sassoon made unsuitable recommendations…
Scott Dale Syde (also known as Scott Dale Syde), of Bloomington, Minnesota, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related civil action that was settled for $150,000.00 in damages based upon allegations that Syde, now deceased, managed a private investment account for the customer during the…
Shawn David Bumgardner of Southgate, Michigan, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Bumgardner made unsuitable recommendations of variable annuities when Bumgardner was associated with…
Thomas Marion McDonald, of Cleveland, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related complaint that was settled on March 14, 2023, for $262,500.00 in damages based upon allegations that McDonald made omissions of material fact in connection with the sale of private placements when McDonald was…
Troy Jason Goldberg, of Boca Raton, Florida, a stockbroker registered with National Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Goldberg made unsuitable recommendations of private placements when Goldberg was associated with National…
Virgil Arthur Biggs, of Saranac, Michigan, a stockbroker registered with Avantax Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Biggs made unsuitable recommendations of over-the-counter equities and direct investments when Biggs was…
Network 1 Financial Securities Inc., a securities broker dealer headquartered in Red Bank, New Jersey, as well as stockbroker and Chief Compliance Officer, Michael Robert Molinaro, have been sanctioned by Financial Industry Regulatory Authority (FINRA) because Network 1 Financial Securities Inc. and Molinaro failed to supervise suitability of securities transactions in customer accounts. Letter of…
Aaron Brian Graham of Salt Lake City, Utah, a stockbroker registered with United Planners Financial Services of America, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Graham breached a contract, violated FINRA rules, made unsuitable investment…
Colin Christy Kelty of Oak Brook, Illinois, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $240,000.00 in damages based upon allegations that Kelty failed to execute or follow instructions regarding the liquidation of…
Daniel Robert Murray of Brewster, New York, a stockbroker registered with Network 1 Financial Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,900.00 in damages based upon allegations that Murray made unsuitable recommendations of non-traded Real Estate Investment Trusts or…
Delio Eduardo Londono (also known as Del Londono) of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $395,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made either misrepresentations…
Elvis Beslagic of Oak Brook, Illinois, a stockbroker registered with TD Ameritrade Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Beslagic mismanaged investment accounts in connection with the sale of options during the…
James Thaddeus Walesa of Park Ridge, Illinois, a stockbroker registered with Arkadios Capital, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Walesa made unsuitable recommendations of alternative investments during the time that Walesa was…
Martin Adalbert Klein III, of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $10,000,000.00 in damages based upon allegations that Klein made unsuitable recommendations of government bonds when Klein was…
Matthew Wayne Shaughnessy (also known as Matthew Shughnessy), of Henderson, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 23, 2023, in which the customer requested $200,000.00 in damages based upon allegations that Shaughnessy made misrepresentations of material fact and made unsuitable…
Michael Richard Rosalia of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rosalia failed to comply with an arbitration award or settlement agreement or otherwise confirm compliance with FINRA Arbitration No. 21-02186 (February 8,…
Robert Anthony Westropp Jr, of Chicago, Illinois, a stockbroker registered with Sanford C. Bernstein Co. LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $110,000.00 in damages based upon allegations that Westropp made unsuitable recommendations of alternative investments when Westropp was associated…
Shomir Mukherjee (also known as Shomir Singh), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Mukherjee made unsuitable recommendations of corporate bonds when Mukherjee was associated…
Tammie Lyn Farrell (also known as Tammie Burk and Tammie Brown), of Franklin, North Carolina, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Farrell committed fraud,…
Troy Thomas of Huntington Beach, California, a stockbroker registered with McDermott Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Thomas committed fraud, failed to supervise certain representatives, was negligent, breached his fiduciary duties,…
William Sideny Friedman (also known as Willie Friedman and Bill Friedman), of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Friedman breached a contract, breached his…
Christopher John McCaffrey of Napa, California, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that McCaffrey made unsuitable recommendations of options when McCaffrey was associated with Morgan Stanley. FINRA Arbitration…
David Jeffrey Morris of Chicago, Illinois, a stockbroker registered with Stifel Nicolaus Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morris failed to respond to FINRA’s request for information. Letter No. 2022076282101 (May 3, 2023). In January of 2023, FINRA initiated regulatory actions against…
Ernest Sean Mishne of Beachwood, Ohio, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $192,746.31 in compensatory damages because Mishne and Oppenheimer Co. Inc. were held liable on the customer’s claims which included…
Howard Hao-Chung Hsieh of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Hsieh was negligent, breached his fiduciary duties, overconcentrated accounts in certain investments, and made…
Jason Leonard Garofalo of Las Vegas, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Garofalo made unsuitable recommendations of Hospitality Investor’s Trust and Inventrust Real…
Jon Oscar Laurell of East Harwich, Massachusetts, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Laurell made unsuitable recommendations of municipal bonds when Laurell was associated with…
Maury Edward Lomax of Mobile, Alabama, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that Lomax’s investment strategy was not in the customer’s best interest during the time that…
Michael Steven Yarus (also known as Michael Steven Yarus), of Paramus, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, has been discharged by the securities broker dealer on January 25, 2023, based upon allegations that Yarus engaged in unauthorized trading. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Yarus is referenced…
Richard Joseph Dellarusso (also known as Rick Dellarusso and Ricky Dellarusso), of New York, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Dellarusso made misrepresentations…
Roderick Rodriguez (also known as Roderick Rodriquez), of Bronx, New York, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Rodriguez overconcentrated accounts in real estate securities when…
Ryan David Meeks of Bozeman, Montana, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,000,000.00 in damages based upon allegations that Meeks provided wrong tax advice to the customer when Meeks was associated with D.A….
Sonia Maria Attkiss (also known as Sonia Tron), of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $525,000.00 in damages based upon allegations that Attkiss made misrepresentations of material…
Suihock Goy of Milpitas, California, a stockbroker registered with Ni Advisors Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 to $500,000.00 in damages based upon allegations that Goy breached a contract and breached his fiduciary duties in connection with…
Thomas Edward Jandt, of Irvine, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $825,000.00 in damages based upon allegations that Jandt breached his fiduciary duties, made unsuitable recommendations, churned accounts, and made misrepresentations of…
Syauching Hung (also known as June Hung), of Diamond Bar, California, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $100,000.00 in damages based upon allegations that Hung made unsuitable recommendations and…
Timothy L. Johnson, of Willmar, Minnesota, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $164,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of variable annuities when Johnson was associated with Cetera…
William Colin Seibert, of Houma, Louisiana, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Seibert made unsuitable recommendations of stocks when Seibert was associated with Raymond James Associates…
Andrew Fredric Perry of Margate, New Jersey, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $310,000.00 in damages based upon allegations that Perry made unsuitable recommendations and misrepresentations of material fact in connection with…
Charles Raymond Weldon of Boca Raton, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon Weldon’s investment strategy at Independent Financial Group LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00589 (March 9,…
Conrad Aaron Coggeshall of Scottsdale, Arizona, a stockbroker registered with Packerland Brokerage Services Inc., was the subject of an enforcement action initiated by SEC in which the regulator barred Coggeshall based upon allegations that Coggeshall committed fraud. In the Matter of Conrad A. Coggeshall, Administrative Proceeding No. 3-20142 (May 10, 2023). Coggeshall was accused of…
Eduardo Andrew Martinez (also known as Andrew Martins and Andrew Martin), of New York, New York, a stockbroker registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $33,269.42 in damages based upon allegations that Martinez engaged in unauthorized trading, breached fiduciary…
Ivan Richard Gefen of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,200,000.00 in damages based upon allegations that Gefen breached a contract, committed fraud, was negligent, and breached fiduciary duties in connection with the…
Jack Matthew Cayce, of Atlanta, Georgia, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cayce made unsuitable recommendations and failed to perform due diligence on GPB Automotive securities during the time that…
Jeremiah Roman of Coral Springs, Florida, a stockbroker registered with PFS Investments Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Roman engaged in private securities transactions or selling away during the time that he was associated with PFS Investments…
Joseph Michael Todd of Crystal River, Florida, a former Centaurus Financial Inc. stockbroker and an owner of Todd Financial Services LLC, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Todd based upon allegations that Todd misappropriated funds and committed fraud. SEC v. Joseph Michael Todd, Complaint…
Peter Dieter Nett of The Woodlands, Texas, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $30,000.00 in compensatory damages because Ameriprise Financial Services LLC was held liable on the customer’s claims which included that its stockbroker made…
Biaggio Anthony Caroleo (also known as Blaise Anthony Caroleo), of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $264,475.00 in damages based upon allegations that Caroleo was negligent, engaged in unauthorized…
Bret Clinton Schaefer (also known as Bret Clinton Shaefer), of Greenville, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on May 24, 2023, for $53,114.00 in damages based upon allegations that Schaefer made unsuitable recommendations of variable annuities when Schaefer was…
Carmine Anthony Berardi (also known as Carl Berard), of Red Bank, New Jersey, a stockbroker registered with First Standard Financial Company LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $281,500.00 in compensatory damages because Berardi was held liable on…
David Grant Conrad Morgan (also known as Joseph Edward Schepise), of South Norwalk, Connecticut, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Morgan made unsuitable recommendations of over-the-counter…
Jason Steven Hawke, of Meridian, Idaho, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that Hawke made unsuitable recommendations of private placements during the time that Hawke was associated…
Luke Michael Johnson, of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Johnson based upon allegations that Johnson made unsuitable recommendations. Department of Enforcement v. Luke Johnson, Complaint No. 2019061213402 (July 12,…
Nisreen Nina Kallabat Byrne (also known as Nisreen Diazakallabat and Nina Kallabatdaiza), of Bloomfield Hills, Michigan, a stockbroker registered with JP Morgan Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Byrne made…
Nordo Mauro Nissi, of Boston, Massachusetts, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Nissi made misrepresentations and omissions of material fact, committed fraud, made unsuitable recommendations, and failed…
Preston Jason Bellaire, of Orlando, Florida, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Bellaire made misrepresentations of material fact about risks in connection with the sale…
Robert Wyla Melberth (also known as Rob Melberth), of Sarasota, Florida, a stockbroker registered with Emerson Equity LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,276,000.00 in damages based upon allegations that Melberth committed fraud, violated state securities laws, breached…
Steven Andrew Hill (also known as Andy Hill), of Atwater, California, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Hill made misrepresentations of material fact in connection…
Yuting Cheng, of Rowland Heights, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $75,000.00 in damages based upon allegations that Cheng made unsuitable recommendations of direct investments (LP interests and DPP interests)…
Brandon Leon of New York, New York, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,700.00 in damages based upon allegations that Leon made unsuitable recommendations of private placements when Leon was associated with National Securities Corporation. Financial…
Brian E. Patterson of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,750.00 in damages based upon allegations that Patterson made unsuitable recommendations of Real Estate Investment Trusts (“REITs”) during the time that Patterson was associated with Equitable…
Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan), of Tustin, California, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $136,900.00 in damages based upon allegations that Couyoumjian engaged in unsuitable trading in Real Estate Investment Trusts…
Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of private securities, including Spyglass and MERCO during the time that…
Henry Jihua Liu of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Liu made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of alternative…
Jason Ryan Jaynes of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,850,000.00 in damages based upon allegations that Jaynes made misrepresentations of material fact and made unsuitable recommendations of commodities when Jaynes was…
Lawrence Charles Barrett (also known as Lawrence Barrett DiBartolomeo), of Orange Village, Ohio, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $30,000.00 in damages based upon allegations that Barrett made unsuitable investment recommendations of oil and gas…
Phillip Oxford Sherrill of Cornelius, North Carolina, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $595,000.00 in damages based upon allegations that Sherrill made unsuitable investment recommendations of oil and gas investments and direct investments when Sherrill was…
Raymond Sardina of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Sardina made unsuitable recommendations of stocks during the time that Sardina was associated with Raymond James…
Ron Keith Phillips of Walnut Creek, California, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Phillips mismanaged investment accounts when Phillips was associated with Morgan Stanley Smith Barney LLC. Financial…
Surage Kamal Roshan Perera, of Melville, New York, a stockbroker registered with Aegis Capital Corp. is the subject of an enforcement action initiated by the United States Securities & Exchange Commission in which the regulator is seeking sanctions against Perera based upon allegations that Perera committed fraud and misappropriated funds. SEC v. Surage Kamal Roshan…
Joseph Michael Todd of Panama City, Florida, formerly associated with Centaurus Financial, Inc., partially settled charges that through Todd Financial Services, defrauded at least twenty of his brokerage customers of at least $3 million, most of whom were senior citizens, retirees, or individuals with disabilities. Securities and Exchange Commission v. Joseph Michael Todd, et al.,…
Andrew Benjamin Edenbaum, of Aventura, Florida, a stockbroker formerly registered with Oppenheimer & Co., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Edenbaum failed to comply with an arbitration award obtained against by Oppenheimer & Co. FINRA Arbitration No. 20-00055 (June 21, 2022). However, only two…
Anthony Michael Gallea of Hendersonville, North Carolina, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Gallea made unsuitable recommendations of options when Gallea was registered with Morgan Stanley. Financial Industry Regulatory Authority (FINRA)…
Jeffrey Max Cohen of Henderson, Nevada, a stockbroker registered with Moloney Securities Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cohen failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
John Calderwood Starke Sr., of Mechanicsville, Virginia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150.000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and corporate bonds when Starke was registered with…
Joseph Martin Latour (also known as Joe Latour), of Springfield, Missouri, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Latour made unsuitable recommendations of direct investments when Latour was registered…
Kenneth James New of Merritt Island, Florida, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $393,000.00 in damages based upon allegations that New made unsuitable recommendations of alternative investments when New was registered with Center Street Securities…
Kumail Abbas (also known as Ken Abbas), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $181,056.00 in damages based upon allegations that Abbas charged excessive commissions and engaged in excessive and unauthorized trading…
Marinos Ballas of Melville, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Ballas was negligent and breached his fiduciary duties in connection with the recommendation and sale of alternative investments…
Nabil Bouab (also known as Bilo Bouab), of Holbrook, New York, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that Bouab engaged in unsuitable trading, mismanaged investment accounts, made misrepresentations…
Rene Javier Castro, of Chicago, Illinois, a stockbroker registered with Great Point Capital LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that Castro made unsuitable recommendations, was negligent, breached his fiduciary duties, breached a contract, and violated state securities…
Ricky Alan Mantei (also known as Ricky Mantel), of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., has been fined $15,000.00 and suspended for six months by FINRA according to a National Adjudicatory Council Decision containing findings that Mantei directed prearranged trades with counterparties. In the Matter of Department of Enforcement v. Ricky…
Robert T Li of Naperville, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Li made unsuitable recommendations of real estate securities and stocks when Li was registered with LPL Financial…
Robert Wesley Turley of New Port Richey, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,500.00 in damages based upon allegations that Turley made unsuitable recommendations of non-traded REITs when Turley was registered with Independent Financial Group…
Scott Jay Matalon, of New York, New York, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Matalon failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and…
Stuart Bryan Haw, of Bradenton, Florida, a stockbroker registered with Investors Capital Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $39,000.00 in damages based upon allegations that Haw made unsuitable recommendations, breached his fiduciary duties, made misrepresentations and omissions of material fact, and violated FINRA…
Andrew Raskin of Palm Beach Gardens, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Raskin made unsuitable investment recommendations during the time that Raskin…
Betsy Lou Whipple of Hiko, Nevada, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Whipple breached a contract, made misrepresentations and omissions of material fact, and breached her fiduciary duties, and…
Brent Michael Foster of Indianapolis, Indiana, a senior wealth manager registered with Indie Asset Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $409,383.59 in damages based upon allegations that Foster breached his fiduciary duties, breached a contract, overconcentrated the customer’s account in certain investments,…
Bruce Allen Davis of Aventura, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Davis breached his fiduciary duties and committed fraud during the time that Davis was associated with Morgan Stanley. Financial Industry…
Daniel Keith Beech of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Beech was negligent and made misrepresentations of material fact in connection with the sale of corporate bonds…
Eileen Law Cure (also known as Eileen Law Klein and Eileen Hall Law), of Nederland, Texas, a stockbroker registered with HD Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,833.00 in damages based upon allegations that Cure made unsuitable recommendations of direct investments (limited…
Fariba Zehtabian Madison of Los Alamitos, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Madison made misrepresentations of material fact in connection with the sale of corporate bonds during the…
Hagop Jack Nalbandian of Encino, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $108,500.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of real estate investment trusts when Nalbandian was associated with Western International Securities…
Keith Craig Baron of Jericho, New York, a stockbroker registered with Equity Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Baron “misappropriated funds” in connection with the sale of oil and gas investments during the time that Baron…
Leigh Eran Einhorn (also known as Lee Einhorn) of West Caldwell, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on April 14, 2023, to resolve allegations that Einhorn made omissions of material fact and made unsuitable investment recommendations of…
Mark Ryan Bierdeman of Fargo, North Dakota, a stockbroker registered with Ameriprise Financial Services Inc., has been fined $2,500.00 by State of Minnesota Department of Commerce because Bierdeman made unsuitable recommendations in connection with the replacement of a customer’s life insurance policy. Order No. 2909 (November 17, 2022). Public Disclosure shows that Bierdeman is also…
Matthew Eric Platnico of New York, New York, a stockbroker registered with Allied Millennial Partners LLC, has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Platnico engaged in unsuitable and unauthorized trading in a customer’s account. Letter of Acceptance, Waiver, and…
Morgan Darby Hill of Knoxville, Tennessee, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Hill made unsuitable investment recommendations of alternative investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02835…
Paul Joseph Brent of Grosse Pointe Farms, Michigan, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Brent made misrepresentations of material fact in connection with the sale of preferred common and preferred…
Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…
Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry…
Patrick Christopher Durst of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Durst made unsuitable recommendations of certain alternative investments during the time that Durst was associated with Lifemark…
Kenneth Joseph Fisher III of Sewickley, Pennsylvania, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $10,142.17 in damages based upon allegations that Fisher breached his fiduciary duties in connection with the recommendation and sale of stocks when…
Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to…
Howard Hao-Chung Hsieh (also known as Hao-Chung Howard Hsieh), of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hsieh made unsuitable recommendations of real estate securities when Hsieh was associated…
George Ly of Los Angeles, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $700,000.00 in damages based upon allegations that Ly made unsuitable investment recommendations of Real Estate Investment Trusts (REITs) during the period that Ly was…
Clinton F. Byrd, of Tallahassee, Florida, a stockbroker registered with Cantella Co. Inc., has been discharged by the securities broker dealer on May 28, 2021, based upon allegations that Byrd failed to disclose certain outside business activities. On January 9, 2023, Byrd was suspended by FINRA for the undisclosed sale of promissory notes. Department of…
Brian M. Wurdemann, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wurdemann failed to comply with an arbitration award rendered against him for collection on a promissory note FINRA Arbitration No. 22-01681 (March…
James Michael Armour, of Wayzata, Minnesota, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Armour made unsuitable recommendations, breached his fiduciary duties, failed to perform due diligence, and failed to…
Scott Erik Aabel (also known as Scott Eric Aabel), of Osprey, Florida, a stockbroker registered with Spire Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Aabel made unsuitable recommendations of variable annuities and alternative investments during…
Christopher Cook Leith Hartman (also known as Chris Hartman and as Kit Hartman), of Santa Barbara, California, a stockbroker registered with Kovack Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hartman made unsuitable recommendations of real estate investment…
Emilio Guajardo Jr., of Houston, Texas, a stockbroker registered with BBT Securities LLC, was the subject of a customer initiated investment related complaint that was settled on August 26, 2022, for $607,856.00 in damages based upon allegations that Guajardo made misrepresentations of material fact in connection with the sale of unit investment trusts when Guajardo…
Genevieve Garcia Mar (also known as Gen Mar), of Northbrook, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which customers were collectively awarded $467,000.00 in compensatory damages because Mar was held liable on the customer’s claims, including that…
James Patrick Shawver (also known as Jim Shawver), of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.01 in damages based upon allegations that Shawver made unsuitable recommendations of non-traded real estate investment trusts…
James Vincent Pucciarelli of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Pucciarelli made unsuitable recommendations of stocks during the time that Pucciarelli was associated with Morgan Stanley. Financial…
Lon Charles Faccini Jr. of Coram, New York, a stockbroker registered with Arive Capital Markets, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Faccini engaged in excessive and unsuitable trading and had inappropriately used margin in customer accounts. Letter of…
Michael Ciro Colletti of Glen Cove, New York, a stockbroker registered with The Investment Center Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Colletti based upon allegations that Colletti engaged in unauthorized and unsuitable trading. Department of Enforcement v. Colletti, Complaint No. 2019061942901 (February…
Michael John Laderer of Uniondale, New York, a stockbroker registered with Henley Company LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Laderer failed to supervise a stockbroker in connection with the sale of investments when Laderer was associated…
Mitchell Charles Barnes (also known as Mitch Barnes), of Louisville, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $87,374.00 in damages based upon allegations that Barnes engaged in unauthorized trading in a trust account without…
Steven M. Netzel (also known as Steve M. Netzel), of Chandler, Arizona, a stockbroker registered with Kalos Capital Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Netzel made unsuitable recommendations and caused the securities broker dealer to maintain false…
Todd Ray Anderson of Tucson, Arizona, a stockbroker registered with Cetera Advisors LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson made unsuitable investment recommendations of mutual funds. Letter of Acceptance, Waiver, and Consent No. 2019063749201 (April 20, 2023). According…
William Lapiana (also known as Bill Lapiana), of New York, New York, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Lapiana made unsuitable investment recommendations, made misrepresentations of material fact, and failed…
Alexander Strachan Hackley (also known as Lex Hackley), of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Hackley breached his fiduciary duties to the customer, failed to supervise certain…
Claudio M. Gambin Neto of Orlando, Florida, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $500,000.00 in damages based upon allegations that Gambin Neto made unsuitable recommendations of life insurance policies and mutual funds when…
Eric M. Jenson of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500.00 in damages based upon allegations that Jenson made misrepresentations of material fact in connection with the sale of variable annuities during the…
Gary Walter Isler of Lawrenceville, New Jersey, a stockbroker registered with David Lerner Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Isler made misrepresentations and omissions of material fact, breached his fiduciary duties to the customer, and…
James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments during the time that Allen…
Jeffrey Adam Miller of Greenwich, Connecticut, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Miller made unsuitable recommendations of gold and silver during the time that Miller was associated with UBS…
Kevin Andrew Hobbs of Lake Worth, Florida, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hobbs provided inaccurate information to FINRA during the time that it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Mark Samuel Epps of Bloomfield Hills, Michigan, a stockbroker registered with Michigan Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Epps violated FINRA rules, was negligent, and breached his fiduciary duties to the customer in connection with the…
Michael Anthony Fahsholtz of Wenatchee, Washington, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Fahsholtz violated securities laws, made unsuitable recommendations, breached his fiduciary duties to the customer, violated FINRA rules,…
Michael Philip Ecker (also known as Mike Ecker), of Wellington, Florida, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Ecker breached his fiduciary duties to the customer, was negligent, and breached…
Seth Barnes Stewart of Jeffersonville, Indiana, a stockbroker registered with Center Street Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Stewart made unsuitable investment recommendations of alternative investments when Stewart was associated with Center Street Securities Inc….
Thomas Paul Tibaldi of East Meadow, New York, a stockbroker registered with Citigroup Global Markets Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $44,356.00 in damages based upon allegations that Tibaldi breached his fiduciary duties to the customer, made misrepresentations and omissions of material…
William Forrest Winchester III (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Winchester made misrepresentations of material fact in connection with the…
William Word Huthnance of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Huthnance made unsuitable recommendations to the customer and made misrepresentations of material fact in connection with the sale…
Jerry Lawrence Goldblum, of New York, New York, a stockbroker registered with Aegis Capital Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,683.67 in damages based upon allegations that Goldblum made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the…
James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities, Inc. (FKA David A. Noyes Company), was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments…
Marc Frederick Korsch of Sarasota, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Korsch recommended risky corporate bonds when Korsch was associated with Centaurus Financial Inc. Financial Industry Regulatory Authority…
Adam S. Feierstein of Redondo Beach, California, a stockbroker registered with Concourse Financial Group Securities Inc. (FKA ProEquities), is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Feierstein made the unsuitable investment recommendation of variable annuities when Feierstein was…
David Cameron Monckton of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Monckton made unsuitable investment recommendations in connection with the sale of real estate securities when Monckton…
William Joseph Conn (also known as Bill Conn), of San Francisco, California, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $1,000,000.00 and $5,000,000.00 in damages based upon allegations that Conn made unsuitable recommendations, made omissions of…
John Stephen Pronovost of Watertown, Connecticut, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $13,284.42 in damages based upon allegations that Pronovost made misrepresentations of material fact in connection with the recommendation and sale of LJM Preservation and…
Stephen Paul Courtney of Pasadena, California, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $70,000.00 in damages based upon allegations that Courtney was negligent, made unsuitable recommendations, made misrepresentations and omissions of material fact, committed fraud, and violated…
Louis Martin Wargo of Brecksville, Ohio, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $19,000.00 in damages based upon allegations that Wargo made unsuitable investment recommendations, was negligent, breached his fiduciary duties, breached a contract, and made misrepresentations and…
Roger Allan Duval of Spokane, Washington, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Duval failed to repay customer funds that Duval “borrowed” when he was associated with MML Investors Services…
Arthur Solomon Grossbard (also known as Artie Grossbard), of West Orange, New Jersey, a stockbroker registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Grossbard made unsuitable investment recommendations of private placements when…
Loren Justin Morrison, of Southfield, Michigan, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,843,116.64 in damages based upon allegations that Morrison was negligent, breached a contract, breached his fiduciary duties, and made unsuitable investment recommendations during…
Leo Li-Yuan Chien of San Gabriel, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $170,000.00 in damages based upon allegations that Chien made unsuitable investment recommendations of direct investments and real estate securities or Real Estate Investment…
Richard Foerster Reynolds of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Reynolds made unsuitable investment recommendations, engaged in unauthorized trading, churned the customer’s accounts, committed fraud,…
Mark Fred Augusta (also known as Mark Fredrick Augusta), of Cardiff, California, a stockbroker registered with Hilltop Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $24,999.00 in damages based upon allegations that Augusta engaged in unauthorized trading and made unsuitable investment recommendations when Augusta…
Todd David Ellis, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, was the subject of a customer initiated investment related complaint filed on March 7, 2022, in which the customer requested compensation based upon allegations that Ellis made unsuitable recommendations of structured notes during the time that Ellis was associated…
David Ray Barnes, of Dallas, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,400,000.00 in damages based upon allegations that Barnes made unsuitable investment recommendations of master limited partnerships, preferred stocks, and lines of credit during…
Benjamin William Belanger (also known as Ben Belanger), of Glendale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Belanger made unsuitable investment recommendations, failed to perform due diligence, breached his…
Everyone like to talk about cases that they win. However, what about the cases that you lose. More importantly, what are you going to do when the arbitrators get it wrong. The answer is nothing. As Judge Posner once stated: “Short of authorizing “trial by ordeal or, more doubtfully by a panel of three monkeys,…
The Guiliano Law Group is pleased to announce that the United States District Court for the Northern District of Georgia entered a judgment and confirmed a $1.9 million arbitration award rendered against the president and owner of a Connecticut based securities broker-dealer and one of its former agents. Malone et al v. Stoyeck et al.,…
Chad Edward Allen of New York, New York, a stockbroker registered with Oppenheimer & Co. Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Allen committed fraud, engaged in excessive and unauthorized trading, made unsuitable recommendations, and failed to…
Scot Barringer of Los Angeles, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related complaint that was settled on September 15, 2022, for $50,000.00 in damages based upon allegations that Barringer made unsuitable recommendations of GWG L-bonds when Barringer was associated with Westpark Capital Inc. Financial Industry…
Christopher Warren Wright (also known as Chris Wright), of Prescott, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Wright made unsuitable recommendations of GWG L-bonds during the time that…
Michael Joseph Kane III off Plano, Texas, a stockbroker registered with Hilltop Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Kane made unsuitable recommendations and made misrepresentations and omissions of material fact in connection with the…
Sean Daniel McDevitt of Chappaqua, New York, a stockbroker registered with Campfire Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that McDevitt solicited an outside investment arrangement in which funds were potentially misappropriated. Financial Industry Regulatory Authority (FINRA)…
John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to…
Dexter Leroy Thomas of Dallas, TX, a stockbroker registered with National Planning Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Thomas failed to supervise certain registered representatives, whom were negligent, or made unsuitable recommendations, breached their fiduciary duties, and…
Peter Lewis Goffin of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Goffin committed fraud, made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with…
Joseph Patrick Roop (also known as JoePat Roop), of Belmont, NC, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $220,000.00 in damages based upon allegations that Roop was negligent, breached his fiduciary duties, made misrepresentations of material…
Barry Lee Garapedian of Westlake Village, CA, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Garapedian caused the securities broker dealer to maintain false records or books. Letter of Acceptance, Waiver, and Consent No….
Brian Robert Roth of Morristown, NJ, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Roth made misrepresentations and omissions of material fact and failed to supervise certain registered representatives in connection…
Shirley Ank Wong (also known as Kuan An Huang or Shirley Ankuan Huang), of Daly City, CA, a stockbroker registered with Ni Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Wong made misrepresentations of material fact, breached…
Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…
Nick Eugene Son of New York, NY, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $261,765.21 in damages based upon allegations that Son made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the sale…
Douglas Fulton Kaiser (also known as Doug Kaiser), of Boca Raton, FL, a stockbroker registered with Westpark Capital Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Kaiser failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s…
John Kennedy Ulwick of Fort Wayne, IN, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Ulwick made unsuitable recommendations of oil and gas investments when Ulwick was associated with Lincoln Financial Advisors…
Christopher David Sinkula of Stuart, Florida, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Sinkula made unsuitable recommendations of high yield securities when Sinkula was associated with Janney Montgomery Scott LLC….
Mei Xia Guo (also known as Gracie Guo), of Monterey Park, CA, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Guo made unsuitable recommendations of real estate securities when Guo was…
Philippus Theunis Van Staden (also known as Philip Van Staden), of Atlanta, GA, a stockbroker registered with The Strategic Financial Alliance Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $90,000.00 in damages based upon allegations that Van Staden failed to perform due diligence, made unsuitable…
Sean T. Sullivan of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Sullivan made unsuitable investment recommendations when Sullivan was associated with Aegis Capital Corp. FINRA Public Disclosure shows…
Jeffrey Brian Forehand (also known as Jeff Forehand) of Myrtle Beach, SC, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,600.00 in damages based upon allegations that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed…
Matthew Stern Buchsbaum of New York, NY, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Buchsbaum made unsuitable investment recommendations and made misrepresentations of material fact during the time that…
Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments, Real Estate…
Travis John Wolfe of Downers Grove, IL, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Wolfe made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…
Jeffrey John Furniss of Annapolis, MD, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Furniss made unsuitable recommendations of oil and gas investments when Furniss was associated with Lincoln Financial Advisors Corporation. Financial…
Michael Christopher Blumer (also known as Christopher Blumer), of Melville, NY, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $45,405.00 in damages based upon allegations that Blumer was negligent, made unsuitable recommendations, and breached his fiduciary duties in connection…
Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs during…
Thais Drummond Piotrowski (also known as Thais Drummond Moreira), of Boca Raton, FL, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Piotrowski made unsuitable recommendations of Business Development Companies or…
Albert Foronda of New York, NY, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Foronda breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Frank Louis Avallone of New York, NY, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Avallone made unsuitable recommendations, breached his fiduciary duties, committed fraud, and violated FINRA rules in connection with the…
Regan Allen Rohl, of Fargo, ND, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,025,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of Master Limited Partnerships “MLPs” during…
Robert D’Agosta of Cedar Rapids, IA, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that D’Agosta made unsuitable recommendations, made misrepresentations and omissions of material fact, and failed to perform…
Farrukh Shazad Kazmi, of Moorestown, NJ, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Kazmi made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Thomas Michael Rauchegger, of Maitland, FL, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Rauchegger made unsuitable recommendations of real estate securities during the time that Rauchegger was associated with Kalos Capital…
Bernard F. Jasmin (also known as Berny Francis and Berny Jazz), of New York, NY, a stockbroker registered with Empire Asset Management Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $4,800,000.00 in damages based upon allegations that Jasmin committed fraud, churned the customer’s accounts,…
Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…
David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection…
Joseph Francis Comiskey Jr. of Ronkonkoma, NY, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,500.00 in damages based upon allegations that Comiskey made misrepresentations of material fact, was negligent, and breached his fiduciary duties in connection with…
Kurt Russell Baldry of Ostego, MN, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Baldry made unsuitable investment recommendations of direct investments and oil and gas investments during the time…
Robert Thomas Crothers of Holbrook, NY, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Crothers made unsuitable investment recommendations, committed fraud, breached a contract, breached his fiduciary duties, and was…
Christopher Robert Black (also known as Chris Black), of Houston, TX, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable investment recommendations of…
Erkan Eric Afacan of Paramus, New Jersey, a stockbroker registered with Cambridge Investment Research Inc., has been permitted to resign on September 30, 2022, based upon allegations that Afacan failed to comply with the securities broker dealer’s policies regarding covering client account losses. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Afacan is referenced…
Douglas Eugene Keller (also known as Douglas Eugene Savery), of Red Bank, New Jersey, a stockbroker registered with Equitable Advisors LLC (AXA Advisors LLC), was the subject of a customer initiated investment related complaint that was settled on December 9, 2020, for $5,396.04 in damages based upon allegations that Keller made misrepresentations of material fact…
William Martin Ornstein of Fairfield, Connecticut, a stockbroker registered with GMS Group, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $28,500.00 in damages based upon allegations that Ornstein was negligent, made misrepresentations of material fact, and breached his fiduciary duties in connection with the recommendation and…
David Roger Hirons of San Diego, California, a stockbroker registered with Wedbush Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations of trading execution errors during the time that Hirons was associated with Wedbush Securities Inc. Financial Industry Regulatory Authority…
Charles Vincent Malico (also known as Charlie Malico), of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Malico engaged in quantively unsuitable trading in the customer’s account….
Brad Richard Small of Reading, Pennsylvania, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Small breached a contract in connection with the recommendation and sale of investments during the time that…
Curtis Lee Howard (also known as Curt Howard), of Sapulpa, Oklahoma, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Howard breached his fiduciary duties, was negligent, breached a contract, and committed fraud in…
Christopher John Shaw (also known as Chris Shaw), of Belmont, North Carolina, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shaw engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2020067955001 (November 7, 2022)….
Trevor Lee Gordon of Greenville, South Carolina, a stockbroker registered with Sandlapper Securities LLC, was sanctioned by FINRA based upon allegations that Gordon failed to comply with an arbitration award or otherwise confirm compliance with the regulator. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01008 (August 20, 2021). Gordon and Sandlapper Securities LLC were ordered to…
Kenneth Anthony Luccioni of Sacramento, California, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Luccioni made unsuitable recommendations of mutual funds when Luccioni was associated with Triad Advisors LLC. Financial Industry…
Victor A. Rigoni III of Lake Forest, Illinois, a stockbroker registered with Cetera Advisor Networks 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 because Rigoni failed to make regulatory disclosures. Department of Enforcement v. Victor A. Rigoni III, Order Accepting…
Rafael Golan (also known as Rafi Golan), of Delray Beach, Florida, a stockbroker registered with Crystal Bay Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,300,803.00 in compensatory damages and $50,000.00 in punitive damages because Crystal Bay Securities Inc. was held liable…
Kyle Robert Franklin of Roseville, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Franklin made unsuitable recommendations, breached his fiduciary duties, breached a contract, was negligent, and failed to supervise…
Brian Charles Kennedy (also known as Brian Charles Fitton), of Camp Hill, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Kennedy made unsuitable recommendations of oil and gas investments when Kennedy…
Hector Anthony May of New City, New York, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500,000.00 in damages based upon allegations that May converted funds, committed fraud, made omissions of material fact, breached his fiduciary duties, and was…
M. B. Schreiber (also known as Mickey Schreiber), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Schreiber engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No….
William Hennion of New York, New York, the Vice President of Hennion Walsh Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations of unsuitable recommendations of unit investment trusts and bonds at Hennion Walsh Inc. Financial Industry Regulatory Authority (FINRA)…
Mason Wayne Gann of Dallas, Texas, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on June 4, 2020, for $4,500.00 in damages based upon allegations that Gann made unsuitable recommendations of stocks when Gann was associated with Berthel Fisher Company…
Andre Vincent LaBarbera, of Dix Hills, New York, a stockbroker registered with Titus Rockefeller LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon allegations that LaBarbera failed to comply with an arbitration award or otherwise confirm compliance with the regulator. FINRA Arbitration No. 18-04008 (August 20, 2021). LaBarbera was ordered to pay…
Ronald Reed McCook (also known as Ron Reed McCook Jr.), of Scottsdale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,961,500.00 in compensatory damages because First Allied Securities Inc. was held liable for sales practice…
Joseph Kelly (also known as Joe Kelly), of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $94,750.00 in damages based upon allegations that Kelly made misrepresentations of material fact and made unsuitable recommendations of…
Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker registered with American Capital Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $375,000.00 in damages resulting from the customer’s purchase of private placements during the time that Vultaggio was associated with American Capital Partners…
Edward Chong Yoon of Pasadena, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $36,250.00 in damages based upon allegations that Yoon made unsuitable recommendations, breached a contract, breached his fiduciary duties, and was negligent in connection with the…
Edward Joseph Rudiger Jr., of New York, New York, a the Chief Executive Officer of Reid Rudiger LLC, is the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Rudiger charged excessive commissions and engaged in the unauthorized trading of over-the-counter…
Thomas H. Laws of Silver City, New Mexico, a stockbroker registered with Avantax Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Laws misappropriated funds and made unsuitable recommendations of direct investments (DPPs and LPs) when Laws was…
Luisa Gonzalez (also known as Mercado Luisa Gonzales), of Pittsburgh, Pennsylvania, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Gonzalez made unsuitable recommendations of Northstar Healthcare when Gonzalez was associated with…
Floyd E. Powell of Albertville, Alabama, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Powell made unsuitable recommendations of Woodbridge Group promissory notes during the time that Powell was associated with MSI…
James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Mariani made unsuitable recommendations, engaged in excessive and unauthorized trading, breached his fiduciary duties, was negligent, and…
Stefan Anton Pastor of Fort Lauderdale, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,000.00 in damages based upon allegations that Pastor made misrepresentations of material fact and made an unauthorized premium payment on an insurance…
Terry Tzagarakis (also known as Terry Rakis), of Bay Ridge, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member because Tzagarakis engaged in excessive trading. Letter of Acceptance, Waiver, and Consent No. 2018056490305 (October 14,…
Michael Giokas of Clarence, New York, a stockbroker registered with Fortune Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Giokas breached his fiduciary duties, was negligent, breached a contract, violated state securities laws, and violated FINRA…
John Sebastion Cangialosi Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,281,156.00 in damages based upon allegations that Cangialosi churned the customer’s account, charged excessive commissions, made misrepresentations of material fact,…
John Wade Loofbourrow of New York, New York, a stockbroker registered with Demopolis Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that the customer was defrauded in connection with the sale of Concord Group Holdings private placements. Financial Industry…
Gregory Roy Tucker of Des Moines, Iowa, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $150,000.00 in damages based upon allegations that Tucker made unsuitable recommendations of municipal bonds when Tucker was associated with D.A. Davidson Co. Financial Industry…
Joseph Harold Sterling of Apple Valley, Minnesota, a stockbroker registered with Geneos Wealth Management Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Sterling made unsuitable recommendations of oil and gas investments during the time that Sterling was associated…
Jonathan David Cummings of Hurst, Texas, a stockbroker registered with InvestaCorp Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cummings made misrepresentations and omissions of material fact, was negligent, and made unsuitable recommendations of real estate securities during…
James F. Anderson of Dakota Dunes, South Dakota, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $1,600,000.00 in damages based upon allegations that Anderson failed to supervise certain registered representatives and made misrepresentations of material fact in connection with…
Richard Clarence DeYoung Jr. of St. Louis, Missouri, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer-investment related complaint filed on March 12, 2020, in which the customer requested compensatory damages based upon allegations that DeYoung engaged in unauthorized trading in the customer’s Wells Fargo account. This is not the…
Charles Lawrence Doraine of Corpus Christi, Texas, a stockbroker registered with Next Financial Group Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $352,564.00 in damages based upon allegations that Doraine made unsuitable recommendations of variable annuities and mutual funds during the time that Doraine was…
Hans Patrick Kulicke Eveillard of Sarasota, Florida, a stockbroker registered with Alight Financial Solutions LLC and Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Eveillard failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules….
Mirsad A. Muharemovic (also known as Mirso Muharemovic), of Staten Island, New York, a stockbroker registered with Arive Capital Markets, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $115,000.00 in damages based upon allegations that Muharemovic churned the customer’s account, engaged in excessive trading, and made…
Apostolos Nicolas Pitsironis (also known as Paul Pitsironis), of Melville, New York, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Pitsironis borrowed but failed to repay customer funds when Pitsironis was…
Avi Elliot Schottenstein of New York, New York, a stockbroker registered with J.P. Morgan Securities LLC, has entered in a Consent Order with the State of Illinois agreeing to be permanently barred registration in the state. In the Matter of Avi Elliot Schottenstein, File No. 2100123 (April 22, 2022). Financial Industry Regulatory Authority (FINRA) Public…
Stephen James Sullivan of Garden City, New York, a stockbroker registered with Salomon Whitney LLC, has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sullivan engaged in unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2019061952601 (October 21, 2022). FINRA…
Jason Eugene Tarver of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,000,000.00 in damages based upon allegations that Tarver used an unsuitable investment strategy involving a line of credit when Tarver was associated…
Anthony Tricarico of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Tricarico made unsuitable recommendations of investments when Tricarico was associated with Aegis Capital Corp. Financial Industry Regulatory…
Gregory Scott Young of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Young made unsuitable recommendations of structured steepener products and CDs when Young was associated with Voya…
Jason Eric Zwibel (also known as Jay Bell Zwibel), of Wellington, Florida, a stockbroker registered with Garden State Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Zwibel made unsuitable recommendations and breached his fiduciary duties in connection…
Brent Jason Greninger, of Weston, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in compensatory damages based upon allegations that Greninger made unsuitable recommendations of “private investments” when Greninger was associated with…
Mark Smith, of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $40,000.00 in damages resulting from a crypto currency deal recommended by Smith when he was associated with Transamerica Financial Advisors. Financial Industry Regulatory Authority (FINRA)…
Kim Marie Monchik (also known as Kim Marie Amendola), a stockbroker and CCO of Spartan Capital Securities LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Monchik based upon allegations that Monchik failed to disclose customer initiated investment related arbitration claims. Department of…
Joseph Victor Alhadeff of New York, New York, a stockbroker formerly registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $129,524.00 in damages based upon allegations that Alhadeff breached his fiduciary duties, and was otherwise negligent, in connection with the recommendation and…
Vincent Keith Annable of Scottsdale, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $600,000.00 in damages based upon allegations that Annable made unsuitable investment recommendations and overconcentrated the customer’s account in alternative…
Alan Zelig Appelbaum of Boca Raton, Florida, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $280,000.00 in damages based upon allegations that Appelbaum made unsuitable investment recommendations and engaged in other misconduct in connection…
James Baroutas of New York, New York, a stockbroker registered with B. Riley Wealth Management, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Baroutas engaged in unauthorized trading and other misconduct in connection with…
Kenneth William Biebel of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Biebel made unsuitable investment recommendations in connection with the sale of private…
John Richard Boatright of Duluth, Georgia, a stockbroker formerly registered with Newbridge Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Boatright failed to respond to FINRA’s request for information in connection with the investigation of Boatright’s sales practices. FINRA Enforcement No. 2021071440501 (Jan. 18,…
Debra Collura Bourne (also known as Debra Anne Bourne) of Red Bank, New Jersey, a stockbroker registered with National Securities Corp. was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $325,000.00 in damages based upon allegations that Bourne engaged in unauthorized trading and…
Frank Briseno of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled on July 21, 2020 for $3,500,000.00 in damages based upon allegations that Briseno made unsuitable recommendations concerning the sale of variable annuities and real estate securities during the course of…
Peter Charlton Budd (also known as Jay Budd) of Morristown, New Jersey, a stockbroker registered with Benjamin F. Edwards Company Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Budd failed to pay a $240,000 arbitration award obtained against him by his former…
Wynston Hill Capital LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $476,676.85 in damages. The Statement of Claim alleges unsuitable recommendations, the overconcentration of the customer’s account, unauthorized trading, fraud, and failure to supervise in connection with the sale…
Wenjinn James Chang of Rockville, Maryland, a stockbroker registered with Independent Financial Group LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Chang made unsuitable recommendations and overconcentrated the customer’s account in real estate securities…
Julie Lan Cohen of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Cohen breached her fiduciary duties, was negligent, and made misrepresentation and omissions, in violation of Financial Industry Regulatory Authority…
Michael Joseph Distler (also known as Mike Distler), of Crystal City, Missouri, a stockbroker registered with National Planning Corp., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Distler made unsuitable recommendations, breached a fiduciary duty,…
Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights, Texas, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $373,000.00 in damages based upon allegations that Ellefson breached his fiduciary duties, effected…
Tobin Carl Hoffmann of Lincoln, Nebraska, a stockbroker registered with Ameritas Investment Company LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Hoffmann made misrepresentations with regard to the recommendation and sale of alternative…
Donnie Eugene Ingram of Winter Haven, Florida, a stockbroker formerly registered with Centaurus Financial Inc., and Centaurus Financial are the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Ingram based upon allegations that Ingram made unsuitable recommendations, and that Centaurus Financial failed to reasonably supervise…
Neil Kevin Klein of White Plains, New York, a stockbroker registered with UBS Financial Services Inc. wasis the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Klein made unsuitable recommendations regarding the sale of annuities during his…
Cynthia Komarek (also known as Cynthia Ann Brown), of Barrington, Illinois, a stockbroker registered with Sagepoint Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Komarek failed to provide information and documents to FINRA when it investigated Komarek’s referral of customers to an unapproved investment…
Charles Frederik Lek of Weston, Connecticut, the owner of Lek Securities Corp., is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Lek based upon allegations that Lek failed to comply with an prior Order in connection with the sale of microcap securities. FINRA Enforcement…
Anthony Baker Liddle (also known as Tony Liddle) of Wausau, Wisconsin, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration filed on August 26, 2022 seeking $1,755,189.31 in damages based upon allegations that Liddle stole or converted the customer’s funds during Liddle’s association with…
Peter David Maller of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors was is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $115,000.00 in damages based upon allegations that Maller made the unsuitable recommendation and sale of variable annuities and real estate…
Dennis Masaaki Nakamura, of Moraga, California, a stockbroker registered with McNally Financial Services Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $165,000.00 in damages based upon allegations that Nakamura made unsuitable investment recommendations to his customers during the period of his…
Tuan Anh Ngo (also known as Toon Ngo) of Los Angeles, California, a stockbroker registered with VFG Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Ngo failed to supervise certain registered representatives in…
Dirk David Rabenold (also known as Dirk David Raenold), of Williamsville, New York, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim seeking damages resulting from the fraudulent conversion of customer funds by a third party. FINRA Arbitration No….
Richard Alyn Rappaport (also known as Rick Rappaport) of New York, New York, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim which was settled for $1,050,000.00 in damages based upon allegations that Rappaport failed to supervise the sale of…
Walter James Reyna of McAllen, Texas, a stockbroker registered with Lincoln Financial Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Reyna made unsuitable recommendations relating to the sale of oil and gas…
Ross L. Anderson of Rancho Santa Margarita, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Ross Anderson made unsuitable investment recommendations with regard to the sale of…
Praxedes Russi of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,974.00 in damages based upon allegations that Russi churned the customer’s account, charged the customer excessive commissions, made unauthorized…
John Joseph Santariello of Coram, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santariello failed to pay a FINRA arbitration customer award against him for more than $420,000. FINRA Arbitration No. 19-02196 (Jan. 10,…
Nicholas James Schiano of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $350,343.10 in damages based upon allegations that Schiano churned the customer’s account, made unsuitable investment recommendations, breached…
William Charles Schumann of Rockville, Maryland, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $87,500.00 in damages based upon allegations that Schumann made unsuitable investment recommendations and failed to perform due diligence in connection with…
Daniel Jay Sherman, of New York, New York, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $17,500.00 in damages based upon allegations that Sherman made unsuitable recommendations of certain common stocks and preferred…
Yvonne Lara Silguero of McAllen, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Silguero was negligent, made misrepresentations and omissions of material fact, breached her fiduciary duties, and was unsupervised, in…
Daniel M. Soliman, of New York, New York, a stockbroker registered with Traderfield Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $24,500.00 in damages based upon allegations that Soliman made misrepresentations relating to the recommendation and sale of equity-over-the-counter equities, common…
Joseph Paul Todaro, of Melville, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $194,599.73 in damages based upon allegations that Todaro engaged in excessive trading, charged the customer excessive commissions, and engaged in…
Joseph John Weinrich, of Overland Park, Kansas, a stockbroker registered with Moloney Securities Co. Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Weinrich failed to make regulatory disclosures. Case No. 2018058611601 (Feb. 1, 2022). According to…
Robert Steven Weissbein (also known as Bob Weissbein), of Plantation, Florida, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Weissbein made unsuitable recommendations, breached his fiduciary duties,…
Corey Andrew White, of Pasadena, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $2,760,000.00 in damages based upon allegations that White failed to supervise relating to the recommendation and sale of options when…
Miaojun Yuan, of City of Industry, California, a stockbroker registered with Questar Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $140,000.00 in damages based upon allegations that Yuan made unsuitable recommendations and misrepresentations in connection with the recommendation and sale…
Donald Angelo Durando of Hauppauge, New York, a stockbroker formerly registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $230,000.00 in damages based upon allegations that Durando made unsuitable transactions in connection with the recommendation and sale of options when Durando was…
Bernard Joseph Audet of Newtown Square, Pennsylvania, a stockbroker currently registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $8,000,000.00 in damages based upon allegations that Audet made misrepresentations and breached a fiduciary duty in connection with the recommendation and sale…
Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with…
Scott S. Niekamp of Chesterfield, Missouri, a stockbroker currently registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Niekamp misled the customer, made false representations, failed to disclose important information about investments,…
Adam Maggio of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,087,663.24 in damages based upon allegations that Maggio made unauthorized and unsuitable transactions, churned the customer’s account, acted negligently, and breached a…
Larry Glenn Boggs of Atlanta, Georgia, a stockbroker formerly registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $99,000.00 based upon allegations that Boggs made misrepresentations with regard to the recommendation and sale of variable annuities when Boggs was associated with…
Chad Ryan Barancyk of Chicago, Illinois, a stockbroker formerly registered with First Allied Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $260,000.00 in damages based upon allegations that Barancyk breached a contract, breached a fiduciary duty, acted negligently, and effected unsuitable transactions in…
David Aubrey Dunfee of Bangor, Maine, a stockbroker currently registered with Key Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $210,000.00 in damages based upon allegations that Dunfee financially exploited the customer with regard to the recommendation and sale of variable annuities when…
Edward Robert Taliaferro of Chattanooga, Tennessee, a stockbroker formerly registered with J.J.B. Hillard W.L. Lyons LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $6,000.00 in damages based upon allegations that Taliaferro made unsuitable recommendations with regard to the sale of equities when Taliaferro was associated…
Nico Joseph Rutella of Castle Rock, Colorado, a stockbroker formerly registered with National Securities Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $20,000.00 in damages based upon allegations that Rutella made omissions and misrepresentations, breached a fiduciary duty, acted negligently, and made unsuitable transactions with regard…
Michael Jeremiah Mooney of Mount Airy, North Carolina, a former investment adviser representative of Southport Capital and stockbroker of Oppenheimer Co. Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Mooney based upon allegations that Mooney violated federal securities laws by…
Edward Lawrence Turley (also known as Ed Turley) of San Francisco, California, a stockbroker formerly registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $55,615,696.00 in damages based upon allegations that Turley effected unauthorized and unsuitable transactions and made misrepresentations…
Thomas Caine Shultz of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Shultz failed to perform due diligence and made unsuitable recommendations with regard to the sale of direct…
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $157,600.00 in damages based upon allegations that Kemp made unsuitable recommendations in connection with the sale of reverse convertible securities when Kemp…
Yan Binder of Coral Springs, Florida, a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC, has been fined $10,000.00 and suspended for thirty days from associating with any FINRA member in any capacity based upon allegations that Binder used unauthorized devices to communicate with customers. Letter of Acceptance Waiver and Consent No. 2019064955001…
Ariel A. Rivero of Miami, Florida, a stockbroker formerly registered with Jefferies LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,999.00 in damages based upon allegations that Rivero made unsuitable transactions, used the customer’s funds without authorization, failed to supervise, and breached a fiduciary…
Jason Nicholas Slezak of Antioch, Illinois, a stockbroker formerly registered with Landolt Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Slezak failed to disclose risks in connection with the recommendation and sale of GWG L Bonds when…
William Colie Johnson of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $121,500.00 in damages based upon allegations that Johnson made unsuitable transactions with regard to the recommendation and sale of real estate…
John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been fined $2,500.00 and suspended for ten days from associating with any FINRA member in any capacity based upon allegations that Orlando engaged in excessive trading. Order Accepting Offer of Settlement No. 2019063633301 (Aug. 5, 2022). According to the…
James Robert Pecoraro of Melville, New York, a stockbroker formerly registered with SW Financial has been fined $10,000.00 and suspended for nine months from associating with any FINRA member in any capacity based upon allegations that Pecoraro engaged in quantitatively unsuitable excesive trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056820701 (Aug….
Francis Joseph Velten Jr. of New Port Richey, Florida, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Case No. 2020066032801 (July 19, 2022). According to the Default Decision, Velten…
Brian David Rockowitz of Hauppauge, New York, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA arbitration claim which settled for $19,353.87 in damages based upon allegations that Rockowitz breached a fiduciary duty, breached a contract, and made unsuitable transactions in connection with the recommendation and…
Robert Patrick Macnamee of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,840.85 in damages based upon allegations that Macnamee breached a contract, breached a fiduciary duty, and made unsuitable transactions with regard to…
Richard A. Rodriguez Jr. of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Rodriguez made misrepresentations, acted negligently, breached a fiduciary duty, breached a contract, and…
John Anthony Sommo of New Haven, Connecticut, a stockbroker formerly registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA’s request for information. Case No. 2020067928601 (April 4, 2022). Public Disclosure shows that…
Darryl Matthew Cohen of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he did not comply with an investigation into his use of customer funds. Letter of Acceptance Waiver and Consent No. 2020066797301 (February 16, 2022)….
Russ Kory of White Plains, New York, a stockbroker formerly registered with David Lerner Associates Inc., 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 accusations that Kory made unsuitable recommendations. Letter of Acceptance, Waiver, and Consent No. 2019063686203 (September…
Antonio Almeida (also known as Tony Almeida) of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages based upon accusations that Almeida made unsuitable recommendations in connection with the sale of investments during the…
John Anthony Busco of Toms River, New Jersey, a stockbroker formerly registered with Morgan Stanley Smith Barney, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Busco made unsuitable transactions in connection with the recommendation and sale of direct investments…
Craig Eugene Friedrichsen of Topeka, Kansas, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages based upon accusations that Friedrichsen made misrepresentations in connection with the recommendation and sale of alternative investments including real…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., has been fined $10,000 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Martinsen’s private securities transactions during the time that he was associated with Centaurus Finacnial Inc….
Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…
Ryan Thomas Fleming of Bellevue, Washington, a stockbroker formerly registered with Hornor Townsend Kent LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon accusations that Fleming made unsuitable recommendations, breached a fiduciary duty, and acted negligently with regard to the recommendation and…
Amanda Yvonne Berry (also known as Amanda Yvonne Coleman and as Amanda Yvonne Oostrum) of Oklahoma City, Oklahoma, a stockbroker formerly registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint that was settled on May 27, 2022, for $82,967.79 in damages based upon accusations that Berry made unsuitable…
Robert Leo Luley (also known as Rob Leo Luley Junior) of Clover, South Carolina, a stockbroker formerly registered with Madison Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $250,000.00 in damages based upon allegations that Luley made unsuitable recommendations in connection with the sale…
Ahmad Mohamed Maklouf (also known as Ed Maklouf) of New York, New York, a stockbroker currently registered with Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages based upon allegations that Maklouf churned accounts, breached a fiduciary duty, made unsuitable and…
John Dennis Lowry of New York, New York, the owner of Spartan Capital Securities LLC, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages because Lowry allegedly breached a fiduciary duty and had recommended unsuitable investments while he was registered with Spartan Capital Securities. Financial…
Roy Daniel Budd of Little Falls, New Jersey, a stockbroker formerly registered with Morgan Stanley, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $53,000.00 in damages because Budd allegedly made unsuitable investment recommendations for the customer’s managed account at Morgan Stanley Smith Barney in April of 2019….
Christopher William Porter of Yalesville, Connecticut, a stockbroker currently registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested approximately $100,000.00 in damages because Porter allegedly provided unsuitable recommendations to the customer concerning alternative investments including GPB Automotive when Porter was associated…
Juan Guillermo Herrans Barreras of Miami, Florida, a stockbroker formerly registered with Merrill Lynch, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages because Barreras allegedly made misrepresentations and unsuitable investment recommendations in connection with the sale of mutual funds during the period that…
Michael J. Haffling of Orland Park, Illinois, a stockbroker formerly registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $13,803.26 in damages because of the alleged recommendation and sale of illiquid, risky alternative investments for the customer’s individual retirement accounts at Kalos Capital….
Herbert Lee Weith IV of Naples, Florida, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for failing to respond to a request for information. FINRA Case No. 2019064197601 (January 10, 2022). According to FINRA Public Disclosure, Weith…
William Sideny Friedman of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $50,000.00 in damages based upon accusations that Friedman breached a fiduciary duty and made unauthorized trades when he was registered with Pinnacle Investments, Woodstock…
Franz Helmut Lambert II of New York, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he effected unsuitable and excessive trades in a customer’s Worden Capital Management account. Letter…
David Charles Turetzky of New York, New York, a stockbroker formerly registered with Morgan Stanley, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $390,000.00 in damages based upon allegations that Turetzky failed to supervise a stockbroker’s management of investment accounts at Morgan Stanley Smith Barney. Financial Industry…
Andrew Raymond Scheirer (also known as Andy Haas) of Lake Mary, Florida, a stockbroker formerly registered with Kovack Securities and Purshe Kaplan Sterling Investments, was referenced in a customer initiated FINRA securities arbitration claim which was settled for $17,500.00 in damages based upon on the allegations that Kovack failed to supervise and that Scheirer made…
Xiangyu Yu Zhang (also known as Sean Zhang) of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $99,999.99 in damages founded on allegations that Zhang provided unsuitable investment recommendations to the customer concerning …
James Travis Flynn (also known as Jim Flynn) of Greenville, South Carolina is identified in a customer initiated investment related FINRA securities arbitration claim in which the customers seek $1,500,000.00 in damages based upon allegations that Flynn made misrepresentations ccncerning investments made in a business development company and real estate investment trust by Flynn while…
Daniel Todd Lerner of White Plains, New York, a stockbroker currently registered with David Lerner Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages for breach of fiduciary duty, misrepresentation, and unsuitable trades when Lerner was associated with David Lerner Associates. Financial…
Michael Francis Shillin of Altoona, Wisconsin, a stockbroker formerly registered with AGP (Alliance Global Partners), has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor and barred from associating with those institutions, according to an SEC Order containing findings of Shillin misrepresenting information to investors and misleading them…
James A. Parrelly (also known as Jim Anthony Parrelly) of Dearborn, Michigan, a stockbroker formerly registered with Investment Planners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Parrelly’s refusal to comply with a FINRA investigation concerning his potential unauthorized communications relating to…
Kevin Charles Fretz of South Windsor, Connecticut, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon allegations that Fretz made the unsuitable recommendation of certain non-traded real estate investment trusts (“REITs”) while he was…
William Edward Torriente (also known as Ed Torriente and as Eddy Torriente) of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Torriente failing to cooperate with FINRA investigators concerning allegations of Torriente’s unauthorized…
David Michael Karandos of Indianapolis, Indiana, a stockbroker formerly registered with Dinosaur Financial Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Karandos failed to cooperate with a FINRA investigation into allegations of Karandos’ unsuitable recommendations in the account of a Dinosaur…
Gary Begnaud of Mount Laurel, New Jersey, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is identified in a FINRA securities arbitration claim in which the customer seeks unknown compensatory damages based upon the alleged unauthorized trading of mutual funds some two years earlier in 2020 while Begnaud was associated with Merrill Lynch….
Lawrence John Fawcett (also known as Larry Fawcett Jr.) of Los Angeles, California, a stockbroker formerly registered with Westpark Capital and Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member supported by allegations that Lawrence failed to pay an arbitration award to an investor. FINRA Public Disclosure …
Christopher R. Bice (also known as Cubby Bice) of Greensboro, North Carolina, a stockbroker currently registered with Sagepoint Financial Inc., is referenced in a customer initiated investment related written complaint on February 9, 2022, where the customer sought $7,600.00 in damages based upon accusations of Bice’s unsuitable investment recommendations concerning structured notes while he was…
Heather Peterson Weber (also known as Heather Adrienne Weber) of Clearwater, Florida, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages based upon allegations that Weber made misrepresentations and provided unsuitable investment recommendations during…
Michael Christopher Martino of New York, New York, a stockbroker currently registered with Four Points Capital Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages based upon accusations that Martino provided unsuitable investment advice by Martino from 2014 to 2017 in connection…
Charles Ronald Baker (also known as Ron Baker) of Lubbock, Texas, a stockbroker formerly registered with Richfield Orion International Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Baker did not cooperate with the regulator regarding its investigation into his possible unsuitable and…
Gary David Ginsberg of West Orange, New Jersey, a stockbroker formerly registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages based upon allegations that Ginsberg made unsuitable alternative investment recommendations while associated with Royal Alliance. Financial Industry Regulatory…
Timothy Patrick Higgins of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been charged in a Complaint in which Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleges that Higgins failed to cooperate with a FINRA investigation on two separate occasions relating to Higgins’ potential excessive and unsuitable trading of…
Paul Itzchak Antevy of North Miami Beach, Florida, a stockbroker registered with FMSBonds Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $14,999.00 in damages supported by accusations of the customer being misled by Antevy regarding investments in corporate debt while Antevy was employed by FMSBonds. Financial…
Timothy Allen Thelen (also known as Tim Thelen) of Middletown, New Jersey, a stockbroker formerly registered with Accelerated Capital and Aeon Capital, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $1,500,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to private placement…
Grant Christopher Birkley of Barrington, Illinois, a stockbroker formerly registered with SagePoint Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $625,000.00 in damages supported by accusations of an inappropriate private investment fund through Birkley during the time that he was associated with Sagepoint Financial….
Kristian M. Gaudet of Cut Off, Louisiana, a stockbroker formerly registered with Ameritas Investment Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages based upon accusations of negligence and breach of fiduciary duty while Gaudet was employed by Ameritas Investment Corp. Financial Industry…
Robert Douglas Armstrong of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $123,000.00 in damages founded on accusations of unsuitable investment recommendations by Armstrong concerning limited partnership interests or direct participation program interests while Armstrong…
William Mark Heiden of Newport Beach, California, a stockbroker formerly registered with Wedbush Securities, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages based upon accusations of unsuitable and unauthorized trading of stocks by Heiden during the time that he was registered with Wedbush Securities…
Joseph Ijong Chu of Stamford, Connecticut, a stockbroker currently registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $866,302.56 in damages founded on accusations that the customer was placed into unsuitable over-the-counter equities by Chu during the time that he…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford, Connecticut, a stockbroker registered with Investors Capital Corp and Woodbury Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $35,000.00 in damages based upon allegations of unsuitable investment recommendations by Ginsberg concerning real estate securities,…
John Albert Westbrook of McDonough, Georgia, a stockbroker formerly registered with Center Street Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $80,000.00 in damages based upon accusations of negligence and unsuitable transactions relating to Future Income Payments LLC while Westbrook was associated with Center Street Securities….
Antoine Nabih Souma of Los Angeles, California, a stockbroker formerly registered with JP Morgan Securities LLC and Morgan Stanley, has been fined $20,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Souma provided a customer with misleading and incorrect accounts reports…
Jon Richard Pariser of Pacific Grove, California, a stockbroker formerly registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $103,004.30 in damages supported by accusations that the customer had been persuaded by Pariser to invest their funds into an unregistered investment….
Mark Charles Cohen of New York, New York, a stockbroker formerly registered with BCG Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $55,000.00 in damages based upon accusations of BCG Securities’ failure to supervise trading in the customer’s account, resulting in unsuitable real estate…
Robert James D’Andria (also known as Bobby Dandria and Bob Dandria) of Spring Lakes, New Jersey, a stockbroker currently registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations of negligent supervision, fraud, unauthorized trading, breach of…
Walter Warren Parker of Addison, Texas, a stockbroker formerly registered with Titan Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought between $50,000.00 and $100,000.00 in damages founded on allegations of unsuitable alternative investments, including BDCs and real estate securities when Parker was associated with…
Bradley Carl Mascho of Frederick, Maryland, a stockbroker formerly registered with Western International Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages supported by accusations of Mascho’s unsuitable trading in the customer’s account concerning exchange-traded funds while Mascho was registered with Western International…
Brian Radoo of North Woodmere, New York, a stockbroker formerly registered with Next Financial Group Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $76,000.00 in damages based upon accusations that the customer was provided bad advice by Radoo regarding purchases of non-traded real estate investment…
Noel Ray Vincent of Houston, Texas, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations of unsuitable recommendations by Vincent when he was associated with Madison Avenue Securities. Financial…
Jeffrey Raymond Dixson of Vancouver, Washington, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by allegations of unsuitable alternative investment recommendations by Dixson, which included sales of limited partnership interests or direct participation program…
Vincent John Villani of New York, New York, a stockbroker currently registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages founded on accusations that the customer had been sold unsuitable private placements by Villani while he was employed by…
Matthew William Crafa of Garden City, New York, a stockbroker currently registered with Royal Alliance Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $525,000.00 in damages founded on accusations of breach of fiduciary duty, negligence, misrepresentation, and the violation of FINRA Rules 2111 and 2110…
Daniel Todd Levine of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $8,500.00 in damages based upon allegations of unsuitable trading and private securities transactions by Levine while he was employed by Morgan Stanley. Financial Industry…
Janie Garza-Clark of Scottsdale, Arizona, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Garza-Clark failed to testify in an investigation relating to allegations of her activities with a customer during the time that Garza-Clark…
Shawn Edward Good of Wilmington, North Carolina, a stockbroker formerly registered with Morgan Stanley, has been charged by Securities and Exchange Commission (SEC) with operating a Ponzi scheme causing $2,000,000.00 in losses to investors. SEC v. Shawn Good, Case No. 7:22-cv-00060 (April 18, 2022). According to the Complaint, between December 2012 and February of 2022,…
Michael William Leahy of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company LLC, is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $2,842,976.79 in damages based on Leahy being found liable for sales practice violations. Financial Industry Regulatory Authority (FINRA) Arbitration…
Adam Gerard Belardino of Elmsford, New York, a stockbroker formerly registered with MML Investors Services LLC, is identified in a customer initiated investment related written complaint which was resolved for $13,431.00 on December 21, 2021, founded on accusations that unsuitable real estate investment trusts were sold to the customer by Belardino during the time that…
Samuel Girgiss of New York, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of excessive trading, unsuitable trading, and failure to supervise by Worden Capital Management. Financial Industry Regulatory Authority (FINRA)…
Clifford Ronald Reid of New York, New York, a stockbroker currently registered with Reid Rudiger LLC, is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $21,000.00 in damages supported by accusations that Reid breached a fiduciary duty to the customer in reference to stock and over-the-counter equities trades…
Samuel Ray Head of Seneca, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $60,000.00 in damages based upon allegations of unsuitable trading by Head relating to a closed-end fund while Head was associated with Voya Financial…
Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded…
Chad Mackland of Council Bluff, Iowa, a stockbroker formerly registered with Lion Street Financial and MML Investors Services, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative supported by findings of Mackland pleading guilty to a charge of Ongoing Criminal Conduct. Order Instituting Administrative Proceedings File…
Christopher John Passero of Hurricane, West Virginia, a stockbroker currently registered with Money Concepts Capital Corp, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Passero shared in customers’ losses when he was registered with Money Concepts Capital…
Robert C. David of Farmington Hills, Michigan, a stockbroker formerly registered with Morgan Stanley Smith Barney LLC, has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he falsified customer account information, overconcentrated customers’ accounts in lower-quality securities, and…
John Joseph Conroy of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations of negligence and fraud as it pertained to stock trades executed in the customer’s account while Conroy…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster, Pennsylvania, a stockbroker formerly registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $275,000.00 in damages based upon accusations that Braverman provided unsuitable advice to the customer regarding direct participation program…
Christopher Grant Conness of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that the customer was provided with unsuitable recommendations of real estate securities and alternative investments, including direct…
Cindy Lucille Porto Chiellini of Lexington, South Carolina, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages founded on allegations of unsuitable real estate securities and corporate bonds being recommended by Chiellini during the time that…
John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unsuitable recommendations, falsifying information on Westpark Capital’s books and records relating to his solicitation of trades, and falsifying statements to the securities broker dealer regarding his…
Kevin Marshall McCallum of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $725,650.00 in damages founded on allegations that the customer was overconcentrated in a business development company (BDC) when McCallum was registered with LPL Financial LLC….
Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages based upon allegations that Fasciglione made misrepresentations to the customer regarding stocks during the time that he was employed by Aegis Capital…
Dustin Paul Shafer of Springfield, Illinois, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations that the customer was placed into unsuitable direct participation program interests or limited partnership interests when Shafer was employed…
Scott Neil Hananel of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, has been fined $7,500.00 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hananel engaged in unsuitable and excessive trading when he was associated with Aegis Capital…
Scott Michael Rosenberg of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $8,000,000.00 in damages based upon accusations that Rosenberg provided unsuitable recommendations and misrepresented information concerning an options overlay strategy that the…
Patrick Nicholas Teutonico of Seaford, New York, a stockbroker currently registered with Network 1 Financial Securities, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Teutonico made excessive and unsuitable trades during the time that he was associated with Network 1…
John Edward Massa of Staten Island, New York, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages based upon accusations of Massa’s unsuitable recommendations of real estate investment trusts (REITs) when he was associated with Cetera Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No….
David Michael Stevens of La Jolla, California, a stockbroker formerly registered with Park Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of unauthorized transactions and forgery when Stevens was registered with Park Avenue Securities. Letter of Acceptance, Waiver, and Consent No. 2020068606301…
Mark Allen Barrand of Denver, Colorado, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on accusations of Barrand’s unsuitable investment advice as it pertained to real estate securities when Barrand was registered with…
John Stephen Pronovost of Watertown, Connecticut, a stockbroker formerly registered with Cambridge Investment Research, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $43,534.53 in damages supported by accusations of misrepresentation by Pronovost regarding the customer’s investment in LJM Preservation and Growth Fund, resulting in damages to…
Shawn Bruce Davis of Auburn, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by accusations that REIT and interval fund transactions effected in the customer’s account by Davis were unsuitable for the customer during…
Gerald James O’Halloran of Punta Gorda, Florida, a stockbroker currently registered with Union Capital Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations of O’Halloran’s unsuitable recommendations to the customer concerning business development companies (BDCs) and limited partnerships (LPs)…
Gerard Joseph Costello of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is the subject of a customer initiated investment related civil action in which investors collectively sought $1,200,000,000.00 in damages founded on allegations of Costello’s failure to disclose risks concerning Yield Enhancement Strategy (YES) when Costello was registered with…
Masood Husain Azad (also known as Mike Azad) of League City, Texas, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on accusations of breach of contract, misrepresentation, and negligent supervision of the customer’s…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $15,801.50 in damages based upon allegations that the customer’s account had been overconcentrated by Martinsen in real estate securities in illiquid investments while…
Ray Gene Reese of Farmington, Missouri, a stockbroker currently registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $40,000.00 in damages founded on allegations of Reese’s unsuitable advice regarding a real estate security the customer purchased during the time that Reese…
Scott Thomas Wolfrum of Indianapolis, Indiana, a stockbroker formerly registered with David Noyes Company, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that unsuitable recommendations were made to the customer by Wolfrum concerning alternative investments, including real…
Luke Michael Johnson of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by accusations of Johnson made unsuitable recommendations to the customer concerning real estate securities and direct investments, including direct participation…
Lester William Burroughs (also known as Chad Burroughs) of Torrington, Connecticut, a stockbroker formerly registered with Lincoln Investment Planning LLC (Lincoln Investment), is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by accusations of misrepresentations relating to fixed and variable annuities when Burroughs was employed…
Randy Lee Birkinbine, of North Oaks, Minnesota, a stockbroker formerly registered with Ausdal Financial Partners Inc., is referenced in a customer initiated investment related securities arbitration claim where the customer requested $100,000.00 in damages founded on accusations of breach of fiduciary duty concerning Birkinbine’s private placements when he was employed by Ausdal Financial Partners. Financial…
Matthew Stern Buchsbaum of New York, New York, a stockbroker currently registered with UBS Financial Services, is referenced in a customer initiated investment related class action complaint in which customers sought $1,200,000,000.00 in damages supported by accusations of the failure to disclose risks, conflicts of interest, and performance of Yield Enhancement Strategy (YES) between 2016…
John Joseph Stapleton of Garden City, New York, a stockbroker currently registered with Spartan Capital Securities, is referenced in a customer initiated investment related securities arbitration claim which was settled for $10,000.00 in damages founded on allegations of unsuitable investment recommendations and misrepresentations by Stapleton when he was employed by Spartan Capital Securities. Financial Industry…
James Andrew Geake (also known as Jim Geake) of Skokie, Illinois, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA arbitration claim which was settled for $450,000.00 in damages supported by accusations of unsuitable recommendations by Geake regarding alternative investments, including Hospitality Investors Trust, during the time…
Paul Ronald Koch of Wayzata, Minnesota, a stockbroker formerly registered with RBC Capital Markets LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA while he was under investigation for allegedly making unsuitable investment recommendations and diverting funds…
Terry Tzagarakis (also known as Terry Rakis) of Bay Ridge, New York, a stockbroker formerly registered with Spartan Capital Securities, is referenced in a customer initiated investment related FINRA arbitration claim where the customer requested $1,240,169.28 in damages supported by accusations that between 2013 and 2021, the customer’s account had been churned. Financial Industry Regulatory…
David Michael Lademan of Okemos Michigan, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA arbitration claim in which the customer sought up to $500,000.00 in damages founded on allegations of negligent supervision and breach of contract concerning private placements and real estate securities through Lademan at…
John Anthony Orlando of Melbourne Beach, Florida, a stockbroker currently registered with SW Financial LLC, is the subject of a FINRA investigation where FINRA has recommended that Orlando face disciplinary action founded on accusations of his violation of federal securities laws and FINRA rules. FINRA Investigation No. 20190636333 (February 22, 2022). According to FINRA Public…
Ricky Alan Mantei (also known as Ricky Alan Mantel), a stockbroker and branch manager of Centaurus Financial, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that between 2013 and 2019, misrepresentations and unsuitable trades were made at Centaurus Financial. Financial…
Albert Foronda of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $36,836.24 in damages founded on accusations of unauthorized and unsuitable trading by Foronda concerning a private placement when Foronda was registered with Spartan Capital…
Dale Edward Wright of Henrico, Virginia, a stockbroker formerly registered with Cambridge Investment Research Inc., is identified in a customer initiated investment related written complaint on August 4, 2021, where the customer sought compensatory damages founded on allegations of unsuitable investment advice involving life insurance policies and investment strategies when Wright was registered with Cambridge…
Richard Foerster Reynolds of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $1,606,034.39 in damages supported by allegations of breach of fiduciary duty and churning of the customer’s account by Reynolds when he was registered with…
Andrew Bruce Elsoffer of Pepper Pike, Ohio, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized trading, loaned funds to a Stifel Nicolaus customer, and…
Michael Gerard Tate (also known as Mike Tate) of San Mateo, California, a stockbroker formerly registered with Securian Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $37,500.00 in damages supported by accusations of Tate making an unsuitable sale of a variable annuity to the…
Serge Parakhnevich (also known as Serge Parker) of New York, New York, a stockbroker currently registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $14,999.00 in damages based upon accusations of breach of fiduciary duty by Parakhnevich concerning over-the-counter equities executed in the…
Nicholas James Schiano of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages founded on accusations that the customer’s account was churned and that unauthorized trades were made by Schiano during…
Marshall Owen Isaacson of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $75,000.00 in damages founded on allegations of negligence, breach of contract, and breach of fiduciary duty by Isaacson in regard to alternative investment transactions,…
Mark William Pearcy of San Diego, California, a stockbroker formerly registered with MSI Financial Services Inc. (MetLife), is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages based upon allegations of Pearcy’s misrepresentation of a variable universal life insurance policy during the time that Pearcy was employed by…
Steve Jeffrey Cummings of Fort Deposit, Alabama, a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $250,000.00 in damages based upon allegations of Cummings’ misrepresentations and unsuitable sales of a business development company and real estate security…
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $370,006.75 in damages based upon accusations of fraud and the violation of federal and Texas securities laws concerning mutual fund and direct…
William Michael Robertson of Deer Park, Texas, a stockbroker formerly registered with First Allied Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages based upon allegations of negligence and breach of contract in regard to real estate security transactions executed by Robertson during…
Bradford Eric Bugher, of Wilmington, Delaware, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages supported by accusations of Bugher’s failure to “follow instructions” relating to the customer’s common and stock transactions between November…
Sean P. McCabe, of Westbury, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $330,113.00 in damages supported by accusations of misrepresentation relating to stock trading during the time that McCabe was employed by Worden Capital Management….
Kirby Spencer McDonald, of Omaha, Nebraska, a stockbroker formerly registered with Cetera Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages founded on accusations of unsuitable recommendations by McDonald regarding real estate security transactions when McDonald was associated with Cetera Advisors. FINRA…
Michael Anthony Valdini, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,277,631.00 in damages founded on allegations of breach of contract and violations of both FINRA and SEC rules concerning over-the-counter equities…
James J. Mariani, of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $291,100.00 in damages founded on accusations that Mariani provided unsuitable investment recommendations to the customer to purchase non traded real estate securites while…
William Nicholas Athas, of Melville, New York, a stockbroker formerly registered with Worden Capital Management and KC Ward Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement issued by FINRA Office of Hearing Officers. Department of Enforcement v. William…
Ahmet Kildis (also known as Matt Kildis), of Bayonet Point, Florida, was named in a customer initiated investment related FINRA securities arbitration claim where the FINRA Arbitration Panel ordered the modification of beneficiaries on a SunTrust investment account and ordered Kildis and SunTrust to pay $18,207.45 in costs based upon causes of action including breach…
Robert Hayes Hoffmann, of Greenwood, Indiana, a stockbroker formerly registered with Woodbury Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages based upon the alleged unsuitable recommendations to purchase variable annuities during the time that Hoffmann was registered with Woodbury Financial…
John Dennis Lowry, of New York, New York, a stockbroker and Chief Executive Officer of Spartan Capital Securities, is referenced in another customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations including failure to supervise, unauthorized trading, misrepresentation, unsuitability, breach of fiduciary duty, and churning concerning…
Jorge Luis Alfonso, of Miami, Florida, a stockbroker formerly registered with Infinex Investments Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages founded on accusations of breach of fiduciary duty as it pertained to Northstar Financial Services Bermuda products when Alfonso…
Joseph Morris Thurnherr, of Brandon, South Dakota, a stockbroker formerly registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages founded on allegations of negligent supervision, breach of fiduciary duty, and breach of contract during the time that Thurnherr…
Vincent Leonard Petrangelo, of Springfield, Massachusetts, a stockbroker formerly registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on allegations of failure to supervise stock and mutual fund trading in the customer’s account when Petrangelo was employed…
William Danny Chancellor (also known as Danny Chancellor), of Ridgeland, Mississippi, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $132,000.00 in damages based upon allegations that he made the unsuitable recommendation of alternative investments when he was associated…
Marlyn Leroy McClain (also known as Marylou Leroy McClain), of Elkhorn, Nebraska, a stockbroker currently registered with NYLife Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested compensation founded on allegations of unsuitable investment recommendations by McClain regarding the purchase of variable universal life insurance policies…
William Charles Burks (also known as Bill Burks II), of Flower Mound, Texas, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages founded on accusations of breach of fiduciary duty by Burks regarding a real estate…
Marcious Dickerson (also known as Marty Dickerson), of Livonia, Michigan, a stockbroker currently registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $39,500.00 in compensation to the customer founded on accusations that between March 23, 2020, and June 26, 2020, unauthorized trading of…
Shaun Evan Stein, of Jersey City, New Jersey, a stockbroker currently registered with National Securities Corp, is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $20,000.00 in damages based upon allegations of unsuitable recommendations by Stein in regard to a private placement, real estate security, and over-the-counter equity…
Neil Stanley Kaplan, of Bethesda, Maryland, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $240,000.00 in compensation based upon accusations that trades were executed in the customer’s account on an excessive basis by Kaplan while at Morgan Stanley. Financial…
Darren Wayne Oglesby, of Monroe, Louisiana, a stockbroker currently registered with Money Concepts Capital Corp and Money Concepts Advisory Services, is referenced in a customer initiated investment related FINRA arbitration claim where the customer sought $191,000.00 in damages based upon allegations of Oglesby’s omissions of risks concerning alternative investments sold to the customer during the…
Kurt Anthony Stein of New York, New York, a stockbroker formerly registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations of unsuitable investment recommendations concerning non-traded Real Estate Investment Trusts or REITs while Stein was employed by National…
Willard Louis Pugh, of Boca Raton, Florida, a stockbroker formerly registered with National Securities Corp, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $60,000.00 in damages supported by allegations of an unsuitable private placement transaction by Pugh while he was associated with National Securities Corp. Financial Industry Regulatory…
Pratul Victor Agnihotri (also known as Pratol Agnihotri), of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC and Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $83,086.81 in damages based upon accusations that between 2013 and 2021, their…
Dennis Phillip Ayre, of Beverly Hills, California, a stockbroker formerly registered with Hilltop Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he refused to testify in FINRA’s investigation regarding accusations of Ayre’s unsuitable recommendations to customers. Letter of Acceptance, Waiver, and…
Jonathan David Cummings, of Hurst, Texas, a stockbroker formerly registered with Securities America Inc. and Investacorp Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $35,000.00 in damages based upon accusations of negligence as it pertained to alternative investments, including a real estate security transaction effected…
Raul Jorge Benitez of Miami, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $218,707.00 in damages supported by accusations of unsuitable transactions involving Northstar. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01667 (July 6, 2021). The claim…
Matthew Gates, of New York, New York, a stockbroker formerly registered with Joseph Gunnar Co. LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations of unsuitable purechases of real estate security products by Gates while he was employed by Joseph…
William Forrest Winchester (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker formerly registered with LPL Financial LLC and Raymond James Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages based upon accusations of misrepresentation and conversion during the time…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Arni Jay Diamond (also known as Arni Jat Diamond), of Charlotte, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that unsuitable real estate security transactions were effected in the…
Michael Carleton Boothe (also known as Carleton M. Boothe), a stockbroker formerly registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations of Boothe’s breach of contract and negligence relating to direct investments, including limited…
Mark Katz, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 18, 2020, where the customer sought $357,000.00 in damages supported by accusations of breach of fiduciary duty and misrepresentation by Katz concerning the customer’s investments at Hilltop Securities….
Kirk Badii, of Los Angeles, California, a stockbroker formerly registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages supported by accusations of mismanagement and unsuitable recommendations concerning alternative investments while Badii was associated with UBS Financial Services. Financial…
Sandra Benain McKoy, of Tamarac, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is the subject of a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages resulting from the purchase of Guaranteed Investment Certificates (GICs) while McKoy was associated with SunTrust Investment Services. Financial Industry Regulatory Authority…
Jonathan Michael Ebel, of Hauppauge, New York, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., is referenced in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of excessive and unsuitable trading in the customer’s account by Ebel during the time that he…
Sean Joseph Kelly, of Marietta, Georgia, a stockbroker formerly registered with Center Street Securities Inc., is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $160,000.00 in damages based upon accusations of misrepresentations and unsuitable investments by Kelly regarding alternative investments sold to the customer while Kelly was…
Barry David Abrams, of Marlton, New Jersey, a stockbroker formerly registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related written complaint on December 10, 2020, where the customer requested compensatory damages founded on allegations of Abrams providing an unsuitable investment recommendation to the customer concerning FS Energy Power Fund…
Scott Anthony Lanza of Boca Raton, Florida, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages founded on accusations of Lanza recommending unsuitable investments to the LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03871. (November…
Theodore Hendrickus Franse (also known as Ted Franse), of Fair Oaks, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $9,500.00 in damages based upon accusations that they were sold unsuitable REITs by Franse when he was registered…
Michael Scott Androulakis (also known as Mike Andrews), of New York, New York, a stockbroker currently registered with Alexander Capital LP, is identified in a customer initiated investment related, FINRA Securities Arbitration claim which was settled for $8,000.00 in damages supported by accusations of Androulakis’ breach of contract and negligence concerning a non-traded real estate…
Daniel George McPherson (also known as Dan McPherson), of Idaho Falls, Idaho, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim which was resolved for $57,500.00 in damages supported by accusations of McPherson making unsuitable recommendations to the customer regarding private placements, real…
Joshua David Nicholas, of Stuart, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nicholas converted a customer’s funds when he was associated with Merrill Lynch. Letter of Acceptance, Waiver, and Consent…
Shimshon Plotkin (also known as Shim Plotkin), of Chevy Chase, Maryland, a stockbroker currently registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim in which the customer requested compensatory damages supported by allegations that they were sold unsuitable investments including real estate investment trusts (non-traded…
Travis Justin Lippmann, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of Lippmann’s unsuitable trading of over-the-counter equities during the time that he was associated…
Jonathan Ben Mirer, of Henderson, Nevada, a stockbroker formerly registered with Wells Fargo Advisors, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $75,000.00 in damages based upon accusations of their account being overconcentrated by Mirer in unsuitable investments when Mirer was registered with Wells Fargo…
Andrew Montgomery Costa, of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is referenced in a customer initiated investment related FINRA arbitration claim in which the customer requested compensatory damages founded on allegations of unsuitable recommendations by Costa concerning alternative investments, including direct participation programs (DPPs), limited partnerships (LPs), and real…
Marc Frederick Korsch, of Sarasota, Florida, a stockbroker formerly registered with Centaurus Financial Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA’s request for information about his activities. Case No. 2020066487801 (December 27, 2021). FINRA Public Disclosure…
Marcello Lattuca, of Massapequa, New York, a stockbroker currently registered with NBC Securities Inc., is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations of elder abuse and breach of fiduciary duty pertaining to real estate security and stock transactions executed by Lattuca between 2012…
Johnny Guan, of Red Bank, New Jersey, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,820.12 in damages supported by accusations that between December of 2012 and November of 2020, Guan provided unsuitable investment recommendations to the customer…
Charles Edward White II (also known as Chad White), of Providence, Rhode Island, a stockbroker formerly registered with Barrett Company, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,200,000.00 in damages founded on accusations of White having the customer invest in unsuitable securities in a customized portfolio…
Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he…
James Marten Lamont, of San Francisco, California, a stockbroker formerly registered with Whitehall Parker Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.01 in damages supported by accusations that Lamont provided unsuitable recommendations to them as it pertained to real estate security products…
Mark Stewart Brody, of Melville, New York, a stockbroker currently registered with Planned Financial Programs Inc., is the subject of a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages supported by allegations of Brody’s misrepresentation of information relating to common and preferred stock trades while he was employed by Planned…
Joseph Scott Audia, of Hauppauge, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that he failed to supervise a stockbroker, resulting in excessively trading in a…
Peter Jerome Mersberger (also known as Pete Mersberger), of Sheboygan Falls, Wisconsin, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations of Mersberger misrepresenting alternative investments, including a business development company and real estate security,…
Aalon Rose (also known as Allen Rose), of Garden City, New York, a stockbroker currently registered with Morgan Wilshire Securities Inc., is the subject of a customer initiated investment related arbitration claim where the customer requested $29,479.81 in damages founded on allegations that Rose made misrepresentations to the customer during the time that he was…
Walter Roland Valenzuela, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is referenced in a customer initiated investment related written complaint on June 21, 2021, where the customer sought $15,334.00 in damages founded on accusations of misrepresentation relating to the liquidity of the customer’s investment in Bluerock Inc. Interval Fund during the…
Heath Geoffrey Grossman, of Weathersfield, Connecticut, a stockbroker formerly registered with Silver Oaks Securities and investment adviser representative registered with JB Capital LLC, is referenced in a customer initiated investment related AAA arbitration claim where the customer requested $30,000.00 supported by allegations of Grossman’s failure to consider tax consequences in a customer’s investment plan which…
Gerald Richard Sharpe Jr. (also known as Gerry Sharpe), of Red Bank, New Jersey, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $283,716.78 in damages supported by allegations that unsuitable investment recommendations had been made by Sharpe…
William Sidney Friedman (also known as Bill Friedman and as Willie Friedman), of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s inquiry regarding an unpaid arbitration…
Joseph Albert Ambrosole, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of unsuitable trading of over-the-counter equities by Ambrosole between February of 2021 and May…
Austin Richard Dutton Jr. (also known as Austin Richard Duttin), of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages based upon allegations that Dutton breached a fiduciary duty and breached a contract relating…
Daniel Della Rosa, of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been issued a Decision and Order of Offer of Settlement by Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers where Della Rosa has been barred from associating with any FINRA member in any capacity based on findings that he…
Joseph Michael Fedorko Jr, of Greenwich, Connecticut, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Fedorko’s excessive and unsuitable trading while he was employed by Laidlaw Company. Letter…
Robert Patrick MacNamee, of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages founded on accusations of MacNamee’s unsuitable investment recommendations concerning the customer’s account at Aegis Capital Corp. Financial Industry Regulatory…
David Khezri, of Hauppauge, New York, a stockbroker formerly registered with Network 1 Financial Securities Inc. and Worden Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he hindered a FINRA investigation into accusations of his unsuitable investment advice to investors….
Matthew Alexander Perry, of Columbia, Maryland, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $40,000.00 in damages founded on allegations that between June of 2016 and March of 2019, unauthorized and unsuitable trades were made by Perry when…
Johnnie Melvin Jones, of Syosset, New York, a stockbroker formerly registered with Network 1 Financial Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for the failure to comply with an FINRA arbitration award or settlement agreement. Case No. 2020068113601 (October 25, 2021). According to FINRA Public…
Kevin Mark Nevin, of Edina, Minnesota, a stockbroker formerly registered with Dempsey Lord Smith LLC and Sandlapper Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s requests for information in 2021 regarding the non-payment of a…
William Colie Johnson, of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of the customer being sold unsuitable alternative investments because of Johnson during the time that he was associated with Voya…
Robert Anthony Guidicipietro (also known as Robert A. Peters), of Bay Ridge, New York, a stockbroker formerly registered with Arive Capital Markets, 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 Guidicipietro made excessive and unsuitable trades in…
John R. Mateyko, of Rolling Meadows, Illinois, a stockbroker formerly registered with World Equity Group, Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Mateyko made misrepresentations regarding business development programs and real estate investment trusts between 2014 and 2018…
Brian David Rockowitz, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages founded on accusations that between December of 2012 and November of 2020, unsuitable investment recommendations were made by Rockowitz at Aegis…
Peter Vincent Ianace, of Frisco, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $18,000,000.00 in damages supported by accusations of misrepresentation and unsuitable recommendations by Ianace between February of 2013 and December of 2019…
Peter N. Girgis, of New York, New York, a stockbroker formerly registered with Worden Capital Management LLC, 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 he excessively traded in customer accounts during the time that he was…
Mark Lee Elafros, of Northbrook, Illinois, a stockbroker formerly registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of Elafros making unsuitable private placement and unit investment trust sales to the customer when he was…
Danny Jerome Young (also known as Danny Young), of Adel, Georgia, a stockbroker formerly registered with Voya Financial Advisors Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which customers requested $800,000.00 in damages based upon accusations that Young sold unsuitable real estate securities while he was registered with Voya…
Michael Edward Rulison, of Syracuse, New York, a stockbroker currently registered with Morgan Stanley, is identified in a customer initiated investment related written complaint on August 3, 2020, where the customer sought compensatory damages based upon allegations that unauthorized trades were effected in the customer’s account by Rulison while he was associated with Morgan Stanley…
Gregory Jon Williams (also known as Greg Williams), of Greenwood Village, Colorado, a stockbroker formerly registered with Forta Financial Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of the violation of federal and state securities laws concerning…
Matthew Eric Platnico (also known as Matthew Erie Platnico), of New York, New York, a stockbroker currently registered with Allied Millennial Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $370,000.00 in damages supported by allegations that between December of 2019 and March of…
Brian Joseph Lombardi, of Boca Raton, Florida, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $57,500.00 in damages founded on accusations that false and misleading statements were made by Lombardi regarding the customer’s investment transactions at Aegis Capital Corp….
Daniel Della Rosa (also known as Daniel Dellarosa), of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into Della Rosa’s sales practices at Corinthian Partners. Department of Enforcement v. Daniel Della Rosa Disciplinary Proceeding No. 2020065714602 (November…
Lawrence John Fawcett Jr. (also known as Larry Fawcett), of Los Angeles, California, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $545,727.12 in compensatory damages based upon WestPark Capital being found liable on the customer’s causes of action,…
Philip Anthony Simone, of Costa Mesa, California, a stockbroker formerly registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,001.00 in damages based upon accusations of their account being overconcentrated in complex, risky, and high-commission real estate securities while Simone was registered with…
Michael Christopher Venturino, of Garden City, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a FINRA investigation. Case No. 20210703375 (September 13, 2021). FINRA is contemplating taking disciplinary action against Venturino for potentially making excessive trades in customer accounts when he was registered with Aegis Capital Corp. According to FINRA…
Angel Edgardo Aquino-Velez (also known as Angel Edgardo Aquino and Angel Edgardo Aquinovelez), of Miami, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages supported by allegations that Aquino-Velez effected unsuitable closed-end fund and municipal bond…
Eric Peter Weschke, of Setauket, New York, a stockbroker currently registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $138,000.00 in damages founded on accusations of negligence and unsuitable alternative investment transactions by Weschke during the time that he was associated with…
Robert Frederick Genito, of Bonita Springs, Florida, a stockbroker formerly registered with PFS Investments Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $90,000.00 in damages based upon allegations of Genito failing to pay on a promissory note that he issued to the customer relating to…
Stephen Sloane, of New York, New York, a stockbroker formerly registered with WestPark Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Sloane provided unsuitable investment recommendations regarding government debt investments when he was employed by WestPark Capital. Financial…
Michael Francis Shillin, of Altoona, Wisconsin, a stockbroker formerly registered with Alliance Global Partners (AGP), has been charged by Securities and Exchange Commission (SEC) with defrauding investors about stock and insurance transactions when he was registered with Alliance Global Partners, Raymond James Financial Services Inc., Raymond James Financial Services Advisors Inc., Shillin Wealth Management LLC,…
Sean J. McElduff, of Parsippany, New Jersey, a stockbroker currently registered with Hennion Walsh Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages founded on allegations that made unsuitable recommendations to them regarding municipal bonds while he was registered with Hennion Walsh. Financial…
Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
WestPark Capital Inc. and its CEO, Richard Alyn Rappaport (also known as Rick Rappaport), of Los Angeles, California, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based on findings that WestPark and Rappaport misrepresented information to customers concerning WPCFS offerings, and failed to supervise stockbrokers’ solicitations of investments. Letter of Acceptance, Waiver, and Consent…
Joseph Patrick Roop (also known as Joepat Roop), of Belmont, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related written complaint on August 5, 2021, where the customer sought compensatory damages supported by allegations of unsuitable investment recommendations of real estate security products by Roop…
Laurence Jordan Russo (also known as Larry Russo and as Jordan Russo), of Fort Lauderdale, Florida, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $37,500.00 in damages supported by accusations that Russo breached a fiduciary duty while he was…
Alexander Steven Batt, of Vero Beach, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is referenced in a customer initiated investment related written complaint that was settled for $51,678.00 in damages on January 21, 2020, founded on accusations of unauthorized trading involving a private equity fund when Batt was associated with Merrill…
John Michael Cione of San Diego, California, a stockbroker formerly registered with Independent Financial Group, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $105,000.00 in damages based on allegations of Cione providing unsuitable recommendations concerning alternative investments during the time that he was employed by Independent…
Joseph Marie Andreoli Jr., of Paramaus New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $165,000.00 in damages based upon accusations of Andreoli’s unsuitable transactions involving structured products when he was associated with Wells Fargo…
Frank Jose Ortiz (also known as Francisco Jose Ortiz), of Los Angeles, California, a stockbroker and investment adviser representative of Wells Fargo Clearing Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $52,500.00 in damages supported by accusations of Ortiz omitting risks relating to the customer’s…
James Travis Flynn (also known as Jim Flynn), of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations of Flynn misrepresenting information about alternative investments during the time that…
Michael Philip Capolongo, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $330,113.00 in damages based on allegations that Capolongo breached a fiduciary duty regarding common and preferred stock transactions during the period that he…
Michael John Giovannelli (also known as Michael Anthony Giovannelli), of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Giovannelli engaged in unauthorized trading and had falsified documents…
Stephen Christopher Tadlock (also known as Chris Tadlock), of Houston, Texas, a stockbroker formerly registered with Ameriprise Financial Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages supported by allegations of Tadlock making an unsuitable recommendation to the customer concerning an annuity exchange…
Thomas Duggan, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 in damages based on allegations of excessive trading by Duggan while he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA)…
Donna Jean Hines (also known as Donna Jean Atchison) of Clarksburg, West Virginia, a stockbroker formerly employed by Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Hines failed to cooperate with an investigation into accusations of her outside activities, including…
David John Melilli of Moorestown, New Jersey, a stockbroker formerly registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Melilli executed unauthorized trades in a customer’s account during the time that he was associated with Sagepoint Financial Inc….
Cataldo Panici (also known as Carlo Panici), of Frankfort, Illinois, a stockbroker currently registered with Wintrust Investments LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Panici failed to meet his fiduciary duty in reference to non-traded real estate…
Yann C. Faho (also known as Jann C. Faho and as John Faho), of New York, New York, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $180,000.00 in damages based upon allegations of unsuitable trading by Faho which…
Sandra Lee White (also known as Sandra Lee Bauer, Sandra Hoffower White, and Sandra Lee Hoffower), of Houston, Texas, a stockbroker formerly registered with Cetera Advisor Networks, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 based upon allegations that White made misrepresentations to the customer regarding…
Michael Joseph McNulty (also known as Mike McNulty), of Boca Raton, Florida, a stockbroker formerly registered with Raymond James Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations of unsuitable investment advice by McNulty concerning equities transactions when McNulty was associated…
Jeffrey Dale Cleckner of Indianapolis, Indiana, a stockbroker formerly registered with Waddell Reed, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,000.00 in damages based upon accusations of the unauthorized withdrawal of funds in a retirement account during the time that he was registered with Waddell Reed….
Xiangyu Yu Zhang of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services LLC, is referenced in a customer initiated investment related complaint on August 6, 2021, where the customer sought compensatory damages founded upon allegations that Zhang provided unsuitable recommendations to the customer regarding real estate security investments while he was employed by…
Scott William Palmer of Hackensack, New Jersey, a stockbroker formerly employed by Janney Montgomery Scott LLC, is referenced in a customer initiated investment related written complaint on August 24, 2021, in which the customer requested compensatory damages founded upon allegations that their funds were mismanaged between January of 2011 and June of 2017 when Palmer…
Joseph Gerard Michaletz (also known as Joseph Gerard Michaeletz, Joseph Gerald Michaletz, and Joe Michaletz), of Mankato, Minnesota, a stockbroker formerly registered with Concorde Investment Services LLC and Triad Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,550,000.00 in damages founded on allegations…
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…
Jason Brando Skyler, of Santa Barbara, California, a stockbroker formerly registered with TKG Financial LLC and Kovack Securities Inc., is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020, based upon accusations that the customer’s account was improperly managed by Skyler while he was registered with…
Keith Lawton James Connolly, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $45,000.00 in damages based upon allegations of unsuitable trading by Connolly during the period that he was registered with Aegis Capital Corp. Financial…
Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that…
Scott Cory Ente of Syosset New York a stockbroker currently registered with David Lerner Associates is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon accusations of Ente misrepresenting information pertaining to Puerto Rico bonds when he was employed by…
Peter Werner David of Waukesha Wisconsin a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $281,000.00 in damages based upon accusations that they were placed into an unsuitable equity fund by David while he was registered with Woodbury…
Leonard Joseph Marzocco (also known as Lenny Marzocco and Len Marzocco) of Nesconset New York a stockbroker formerly registered with Woodstock Financial Group 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 Marzocco made unsuitable recommendations to a…
David Stewart Silberg of Melville New York a stockbroker formerly registered with Aegis Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $50,000.00 in damages supported by accusations that the customer had been placed into unsuitable structured products between September of 2015 and June of…
Robert Mark Star of Bluffton South Carolina a stockbroker currently registered with IBN Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon accusations of a breach of fiduciary duty by Star during the period that he was registered with…
Mark Alan Haenny of Loveland Colorado a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon accusations including negligence and unsuitable recommendations by Haenny as it pertained to LPs and DPPs during the period that…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited…
John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $499,000.00 in damages based on accusations that Hoidas provided unsuitable recommendations as it pertained to private placements while he was employed by Uhlmann Price…
Trevor Bradner Rahn of Los Angeles California a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages based on allegations of Rahn’s unsuitable stock trades while he was associated with JP Morgan Securities. Financial Industry Regulatory Authority…
Luisa Gonzalez (also known as Mercado Luisa Gonzales) of Kissimmee Florida a stockbroker formerly registered with SunTrust investment Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by allegations of Gonzalez selling them an unsuitable GIC investment during…
JeanPierre Ayala (also known as JP Ayala) of Boca Raton Florida 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 sought $100,000.00 in damages founded upon accusations that Ayala sold unsuitable investments, including private placements, stocks, and over-the-counter equities…
Jason Andrew Wilk (also known as Jason Andrew Wilks) of New York New York a stockbroker formerly registered with Worden Capital Management LLC has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into accusations of his excessive trading in customer accounts when he was registered with Worden Capital…
Michael James Conte (also known as Mike Conte) of Saint James New York the owner of Fusion Holdings—which owns Fusion Analytics Investment Partners (FAIP) and Fusion Analytics Securities LLC (FAS)—has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to testify in the…
Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $358,183.00 in damages founded upon accusations of them being placed into Zima Digital Assets because of Hoffman’s unsuitable investment…
Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based on accusations of breach of fiduciary duty relating to direct participation program and limited partnership transactions…
Spartan Capital Securities a securities broker dealer headquartered in Manhattan New York—along with John D. Lowry (co-founder and CEO of Spartan) and Kim M. Monchik (CCO of Spartan)—have been charged by Financial Industry Regulatory Authority Department of Enforcement with failing to disclose reportable events concerning Spartan stockbrokers, including customer complaints and arbitrations. Department of Enforcement…
John Alexander Tarpinian of New York New York a stockbroker formerly registered with Paulson Investment Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $342,852.00 in damages based upon accusations that they received bad investment advice from Tarpinian regarding structured notes transactions when he was…
Dennis Daniel Herrera of Miami Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $139,399.00 in damages supported by accusations that Herrera breached a fiduciary duty and breached a contract during the period that he was employed…
Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside…
Hector J. Gonzalez (also known as Hector Gonzalez Colon) of Miami Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $3,000,000.00 in damages founded upon accusations of Gonzalez misrepresenting municipal bonds when he was registered with…
Evan Kyle Davis (also known as Garry Davis) a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages founded upon accusations of the violation of Securities Exchange Act of 1934 Section 10(b) in reference to the unit…
Stephen James Sullivan (also known as Stephen Sullivan) of New York New York a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which he might face disciplinary action from the regulator based on allegations of defrauding customers by churning their accounts and making excessive trades….
Jimmy Yang Driggers (also known as James Yang Driggers and as Jim Driggers) of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by allegations of Driggers’ unsuitable trading or recommendations of alternative investments including…
Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees…
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…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that…
Rick Alan Davidson of Miami Florida a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based upon allegations that their account was exposed to unsuitable trading of stocks by Davidson during the time that he was associated…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $450,000.00 in damages founded upon accusations of misrepresentations and omissions regarding mutual fund transactions and a private placement offering during…
Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate…
James Lee Greene (also known as Herbie Greene) of Boca Raton Florida a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that they invested in an unsuitable private placement because of Greene when…
David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing,…
Jorge A. Reyes (also known as Jorge Quiroz and as George Reyes) of Miami Florida a stockbroker formerly registered with CP Capital Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA National Adjudicatory Council Decision containing findings of Reyes converting funds, making fraudulent…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $120,000.00 in damages supported by allegations of the customer being misled regarding details of alternative investments held in their account during the period that…
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…
Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer…
Jamie John Worden of New York New York the Owner and CEO of Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation into a private placement offering of pre-IPO securities through Worden Capital…
Bruce Anthony Ciallella of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $100,000.00 in damages supported by accusations of fraud and the violation of Florida Securities and Investor Protection Act concerning the sale of…
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…
Kimberly Ann Barentsen (also known as Kimberly Ann Berentsen, Kimberly Ann Bietema, and Kimberly Ann Bielema) of Walnut Creek California a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based on allegations…
Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements…
Christopher Rice Callagy of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $180,000.00 in damages based on accusations of poor investment performance during the time that Callagy was associated with Aegis Capital Corp. Financial…
John Hillman Timberlake of Atlanta Georgia a stockbroker formerly registered with Carter Terry Company Inc. is referenced in a customer initiated investment related written complaint on December 15, 2020 in which the customer sought unspecified damages based on allegations of unauthorized and unsuitable trades when Hillman was associated with Carter Terry Co. Inc. Financial Industry…
Carter David Mansbach of New York New York a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages supported by allegations of Mansbach’s unsuitable over-the-counter equities transactions while he was associated with National Securities Corp. Financial Industry…
William Joseph Conn (also known as Bill Conn) of San Francisco California a stockbroker formerly registered with JP Morgan Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $2,000,000.00 in damages founded upon allegations that between 2012 and 2018, Conn effected unauthorized transactions while…
Kim Marie Monchik (also known as Kim Marie Amendola) of New York New York a stockbroker currently registered with Spartan Capital Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA believes that Monchik should face disciplinary action based on potential violations of its rules relating to customer disputes….
Shay W. Scruggs of Houston Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $2,000,000.00 and $3,000,000.00 in damages based upon allegations that they had been placed into unsuitable equities by Scruggs between 2013 and…
Brian Michael Jackson of Tarrytown New York a stockbroker formerly registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages supported by accusations of them being sold an unsuitable real estate security and mutual fund by Jackson during…
Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has…
Jordan David Samelson of Huntington New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages supported by accusations of unauthorized trades during the period that Samelson was associated with Wells Fargo Clearing Services….
Joseph Ijong Chu of Stamford Connecticut a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,000,000.00 in damages founded on accusations that unsuitable energy securities were recommended by Chu when he was associated with RBC Capital Markets….
Michael J. Haffling of Chicago Illinois a stockbroker currently registered with Kalos Capital Inc. and Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages founded on allegations of negligence and breach of fiduciary duty concerning real estate security transactions by Haffling…
Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that…
Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary…
Jordan Stuart Berlin of Bedford Corners New York a stockbroker and investment adviser representative of FSC Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $87,500.00 in damages based on allegations of negligence concerning real estate investment trusts (REITs) that Berlin sold while he was employed…
Charles Edward Krsek (also known as Chuck Krsek) of The Villages Florida a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Krsek provided unsuitable recommendations to the customer as it pertained to the purchase of a…
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…
Howard Joseph Allen III of New York New York a former stockbroker and executive of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $37,761.00 in damages based on accusations of negligence, breach of fiduciary duty and breach of contract as it pertained to…
Douglas Keith Ellman of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages founded upon allegations that Ellman placed them into inappropriate common and preferred stock between February of 2019 and November of…
William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments…
Frank Mastrosimone of Basking Ridge New Jersey a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that they had been placed into an unsuitable private investment fund by Mastrosimone while he was…
Vincent Anthony Virga (also known as Vincenzo Anthony Virga) of Bayonne New Jersey a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $495,000.00 in damages based on allegations that Virga provided unsuitable advice to them regarding alternative investments including…
George Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he failed to respond to FINRA’s request for his information. Case No. 2019061940901 (March 9, 2020). According to FINRA…
Peter David Schiff of Newport Beach California a stockbroker currently registered with AGP Alliance Global Partners is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded upon accusations of breach of contract and breach of fiduciary duty as it pertained to private placements sold…
Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages founded upon allegations that Lors provided unsuitable recommendations as it pertained to private placements during the…
Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is referenced in a customer initiated investment related written complaint on April 7, 2021, in which the customer requested more than $5,000.00 in damages based on allegations of a breach of fiduciary duty by Dewes as it pertained…
James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James…
Scott Geoffrey Madison of Riverhead New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into why Merrill Lynch terminated his registration as stockbroker. Letter…
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…
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…
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….
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…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at…
Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in…
Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly registered with Ameriprise Financial Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $230,000.00 in damages supported by accusations of unsuitable trades and breach of fiduciary duty by Caveness when he was associated with Ameriprise…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative and barred from associating with securities firms across the country according to an Order based on allegations of Hoffman violating securities laws relating to…
William Robert Young (also known as Bill Young) of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $123,000.00 in damages based on accusations that Young caused them to invest in unsuitable securities including real estate investment…
Kevin Richard Wilson of New York New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations that they had been sold unsuitable private placements and over-the-counter equities by Wilson during the period…
Allan Perry Montalbano of Garden City New York a stockbroker formerly registered with Four Points Capital Partners LLC and Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages founded on accusations that they had received unsuitable investment recommendations from Montalbano…
Craig Bradford Eastwood of Hershey Pennsylvania a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on allegations that Eastwood provided unsuitable recommendations in regard to a variable annuity in November of 2017 when he was…
David Richard Geake of Northbrook Illinois a stockbroker currently registered with American Trust Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Geake breached a fiduciary duty and placed the customer into securities that were not suitable for them…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $422,000.00 in damages supported by allegations of Fasciglione’s unsuitable transactions relating to a private placement when Fasciglione was associated with National Securities Corp. Financial Industry…
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…
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…
Michael James Farrell of Red Bank New Jersey a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages based on accusations that Farrell provided unsuitable recommendations to them in regard to investments held in the customer’s Aegis…
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…
Sonia Balfour-Fears (also known as Sonia Delores Balfour and as Sonia D. Fears) of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Balfour-Fears made misrepresentations to the…
George Craig Merhoff Jr of Klamath Falls Oregon a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $500,000.00 and $1,000,000.00 in damages based upon accusations that the customer’s account had been overconcentrated by Merhoff in unsuitable investments including…
William Wright Jr. 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 based upon findings of Wright failing to cooperate during the period that he was investigated for “borrowing” customer funds. Letter of Acceptance Waiver…
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….
Jason Lee Seale III of Novato California a stockbroker and investment adviser representative of American Wealth Management Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that unauthorized transactions were executed in the customer’s account by Seale when he was associated…
David John Strnad of Franklin Tennessee a stockbroker formerly registered with Morgan Stanley has been suspended as a stockbroker between July 1, 2019 and December 31, 2020 by Florida Office of Financial Regulation based upon Strnad being sanctioned by Financial Industry Regulatory Authority (FINRA) for unauthorized trading. Case No. 249967-19-AG. FINRA Public Disclosure shows that…
Wilfredo Felix Jr. of New York New York the Chief Executive Officer and Chief Financial Officer at Primex Prime Electronic Execution Inc. (Primex) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA while investigated regarding the securities broker…
Rick Douglas Konecny of Chicago Illinois a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages based upon allegations that unsuitable transactions were affected in customer accounts by Konecny when he was associated with JP Morgan Securities….
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….
Michael Alejandro Castillero of New York New York a stockbroker formerly registered with Alexander Capital LP is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $62,181.00 in damages founded on accusations that the customer’s account was churned and overconcentrated in stocks because of Castillero during the time that…
Robert Douglas Armstrong (also known as R. Douglas Armstrong) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related written complaint on May 12, 2021 where the customer sought $2,000,000.00 in damages based on accusations of Armstrong’s failure to sell the customer’s penny…
Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $800,000.00 in damages based on accusations that the customer was placed into Concord Group Holdings through a private placement offering and that…
Steven Roland Knuttila of Perham Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages founded on allegations that a contract between the customer and Capital Financial Services had been breached and that…
Craig Alan Sutherland of Columbus Ohio a stockbroker formerly registered with Money Concepts Capital Corp was fined by Ohio Department of Insurance supported by findings that Sutherland failed to report that another regulator took disciplinary action against him. Case No. 30849 (Nov. 10, 2020). Sutherland has been sanctioned twice before. On July 17, 2017, he…