FINRA Securities Arbitration

Archive | FINRA Securities Arbitration

Spartan Stockbroker Investigated By FINRA For Churning

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Spartan Stockbroker Investigated By FINRA For Churning

Christopher George Orlando of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is the subject of a FINRA investigation where the regulator recommended for Orlando to face disciplinary action by FINRA Department of Enforcement for allegedly trading on an excessive basis in customer accounts. Case No. 20170564326 (Sept. 18, 2020). […]

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Investors Accuse Wells Fargo Of Unauthorized Trading

January 03, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse Wells Fargo Of Unauthorized Trading

Richard Clarence DeYoung Jr. of The Woodlands Texas a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint on March 12, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations that unauthorized transactions were executed in the customer’s account […]

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Investors Accuse RBC Capital Of Unsuitable Stock Recommendations

January 03, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse RBC Capital Of Unsuitable Stock Recommendations

David Kallman Paton of Saint Paul Minnesota a stockbroker and investment adviser representative of RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on June 25, 2020 in which the customer requested $38,000.00 in damages based upon accusations that the customer had been placed in stocks including SSYS and CGIZX […]

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SW Stockbroker Investigated For Excessive Trading

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on SW Stockbroker Investigated For Excessive Trading

Peter N. Girgis of New York New York a stockbroker currently registered with SW Financial is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on September 15, 2020 where Girgis may face disciplinary action from FINRA Department of Enforcement based on accusations of unsuitability and excessive trading by the stockbroker. According to FINRA Public […]

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Legend Securities Named In Securities Arbitration Claim By Investors For Churning

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Legend Securities Named In Securities Arbitration Claim By Investors For Churning

Anthony Fusco of New York New York a former stockbroker and Chief Executive Officer of Legend Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $345,369.00 in damages supported by accusations of Fusco failing to supervise Legend stockbrokers who executed unsuitable transactions in the […]

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Wells Fargo Stockbroker Barred For Failure To Pay Arbitration Award

January 03, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Barred For Failure To Pay Arbitration Award

Nelson Michael Polun of Bel Air Maryland a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Polun neglected to comply with FINRA’s request for information about his activities. Case No. 2019061783501 (Nov. 11, 2020). […]

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UBS Financial Accused By Investors Of Concealing Investment Risk

January 03, 2021  |   Posted by :   |   Bond Fraud, Failure to Disclose Risk/Warn, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on UBS Financial Accused By Investors Of Concealing Investment Risk

Melinda Joyce Abood of New York New York a stockbroker currently registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on April 21, 2020 where the customer requested $42,000.00 in damages founded on allegations that the customer’s investment instructions were not followed concerning securities held in their UBS […]

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Investors Name Edward Jones In FINRA Securities Arbitration Claim For Negligence

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

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

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Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

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

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

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Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

December 22, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors Accuse Cetera Advisor Networks Of Unsuitable REIT Sales

Scott Michael Barber of Dubois Pennsylvania a former stockbroker and investment adviser representative of Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on October 30, 2020 in which the customer requested $130,000.00 in damages supported by allegations that real estate security transactions executed in the customer’s Cetera Advisor […]

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American Portfolios Stockbroker Barred In Investigation

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on American Portfolios Stockbroker Barred In Investigation

Robert James Halldin (also known as Bob Halldin) of Newington Connecticut a stockbroker formerly registered with American Portfolios Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he obstructed a FINRA investigation into allegations of his misconduct as referenced by complaints and […]

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Investors File Securities Arbitraton Claim Against Sagepoint For Breach Of Fiduciary Duty

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Securities Arbitraton Claim Against Sagepoint For Breach Of Fiduciary Duty

Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested compensatory damages estimated to exceed $5,000.00 based upon allegations that a fiduciary duty was breached and that misrepresentations and omissions had been made by the […]

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Wynston Hill Named In FINRA Arbitration Claim For Failure To Supervise

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

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

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Investors File Arbitration Claim Against Landolt Securities For Private Placement Sales

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Private Placement Fraud   |   Comments Off on Investors File Arbitration Claim Against Landolt Securities For Private Placement Sales

Anthony Matthew Cottone of Boca Raton Florida a stockbroker formerly registered with Landolt Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $260,000.00 in damages supported by allegations of the customer’s assets being overconcentrated in private placements and allegations of transactions not being supervised by Landolt Securities. Financial […]

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Investors File Arbitration Claim Against Sue Lek Securities For Stockbroker Theft

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud   |   Comments Off on Investors File Arbitration Claim Against Sue Lek Securities For Stockbroker Theft

Samuel Frederik Lek of New York New York the Chief Executive Officer of Lek Securities Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $2,804,880.05 in damages supported by allegations that the customer’s account lacked supervision and that the customer’s funds had been misappropriated. Financial Industry Regulatory Authority […]

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Investors Accuse Wells Fargo Of Failure To Execute Orders

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

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

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Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

Jay R. Weiser of Collinsville Illinois a stockbroker formerly registered with DesPain Financial Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by accusations that the customer’s retirement assets were mismanaged as it pertained to a promissory note transaction executed by Weiser during […]

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Merrill Lynch Stockbroker Barred For Unsuitable ETF Trading

December 22, 2020  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Inverse/Leveraged ETF Funds, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Stockbroker Barred For Unsuitable ETF Trading

Charles Ernest Kenahan of Boston Massachusetts a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred by New Hampshire Department of State Bureau of Securities Regulation founded on accusations of Kenahan making unsuitable investment recommendations to a customer of Merrill Lynch. Consent Order No. COM2019-000 (Dec. 7, 2020). According to the Order, […]

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More Victims File FINRA Securities Arbitration Claim Against Spartan Capital

December 07, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on More Victims File FINRA Securities Arbitration Claim Against Spartan Capital

John Joseph Stapleton of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of a customer initiated investment related arbitration claim in which the customer sought $25,445.00 in damages supported by accusations that the customer received unsuitable investment recommendations and had purchased securities that were misrepresented while Stapleton was […]

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Investors File FINRA Securities Arbitration Claim Aegis For Excessive Trading

December 07, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Aegis For Excessive Trading

Cory David Bataan of Melville New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $200,000.00 in damages based upon accusations that trades were effected in the customer’s account on an excessive and unsuitable basis by Bataan during the time […]

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

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

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

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Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

Roberto Alejandro Fernandez of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $160,000.00 in damages founded on allegations that the customer received unsuitable investment advice and had been sold government debt investments that were misrepresented. Financial […]

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Feltl Stockbroker Sanctioned For Unauthorized Trading

December 07, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Feltl Stockbroker Sanctioned For Unauthorized Trading

Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that O’Brien engaged in unauthorized trading in a customer’s account. Letter of Acceptance Waiver and Consent […]

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Arkansas Regulator Sanctions Raymond James Stockbroker

December 07, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Arkansas Regulator Sanctions Raymond James Stockbroker

Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker and investment adviser representative of Raymond James Financial Services has been isnamed in arbitration claim an Order by Arkansas Securities Commissioner where he was fined $8,000.00 based upon findings that he settled a customer complaint away from Raymond James. Case No. S-19-0033 (Apr. 8, 2019). According to […]

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FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

December 07, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud, Stockbroker Negligence   |   Comments Off on FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

Richard Lyndon Brown of Farmingdale New York a stockbroker formerly registered with Arive Capital Markets and Chelsea Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Brown neglected to cooperate with a FINRA Arbitration Award where he was ordered to pay a […]

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Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

James Whitney Story (also known as Whit Story) of Fitzgerald Georgia a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related complaint which was settled for $50,000.00 in damages founded on allegations that fixed income securities had been recommended by Story during the time that he was associated […]

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Investors Bring Securities Arbitration Claim Against Morgan Stanley For Misrepresentation

December 07, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Securities Arbitration Claim Against Morgan Stanley For Misrepresentation

Keith Allen Bryan of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $24,900.00 in damages supported by accusations of misrepresentations being made by the stockbroker concerning the customer’s Morgan Stanley investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00735 […]

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Kalos Capital Accused Of Unsuitable Alternative Investments

December 07, 2020  |   Posted by :   |   Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Kalos Capital Accused Of Unsuitable Alternative Investments

Michael J. Haffling of Orland Park Illinois a stockbroker formerly registered with Kalos Capital Inc. and an investment adviser representative of Kalos Management is the subject of a customer initiated investment related written complaint which was settled for $55,000.00 in damages on July 13, 2020 based upon allegations of Haffling and Kalos Capital having failed […]

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Oppenheimer Stockbroker Sanctioned For Churning Unit Investment Trusts

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Oppenheimer Stockbroker Sanctioned For Churning Unit Investment Trusts

Ivan Shore of New York New York a stockbroker formerly registered with Oppenheimer Co. 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 founded on findings that Shore made unsuitable recommendations to customers regarding unit investment trusts during the time that […]

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Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

Robert Charles Wynn of Glendale California a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on allegations that common and preferred stock transactions conflicted with the customer’s objectives for investing and caused losses to be sustained in […]

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