Christopher John Shaw (also known as Chris Shaw), of Belmont, North Carolina, a stockbroker registered with Kalos Capital Inc., has been fined $5,000.00 and suspended for three months by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Shaw made unsuitable investment recommendations to senior customers. Letter of Acceptance,…
Christopher J. Shaw, also known as Chris Shaw, of Belmont, North Carolina, a former stockbroker with Newbridge Securities Corporation, was sanctioned by Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations to customers. The disciplinary action was initiated on October 23, 2024, and Shaw consented to the findings without admitting or denying the allegations. …
Concorde Investment Services, based in Ann Arbor, Michigan, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for failing to adequately supervise unsuitable recommendations of alternative investments made to six customers. The investigation focused on the securities broker dealer’s supervision of GPB Capital Holdings LLC (GPB Capital) limited partnership interests from November 2015 to April…
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…
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…
Salvatore Gambino, of Melville, New York, a stockbroker registered with Aegis Capital Corp., 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 Gambino made unsuitable investment recommendations during the time that he was registered with Aegis Capital Corp. Letter of Acceptance,…
Arni Jay Diamond (also known as Arni Jat Diamond), of Jacksonville, Florida, a stockbroker registered with Kalos Capital 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 Diamond recommended and sold unregistered and unsuitable GPB Capital limited partnership interests to…
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…
Darren Michael Kubiak of Alpharetta, Georgia, a stockbroker registered with Kalos Capital Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Kubiak based upon allegations that Kubiak failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Department…
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…
John James Hoidas, of Skokie, Illinois, a stockbroker registered with Uhlmann Price Securities LLC (UPS), has been fined $40,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hoidas made unsuitable recommendations and caused the securities broker dealer to maintain false records or books. Letter…
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…
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…
Mark David Martino of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $5,000.00 and suspended for twenty days from associating with any FINRA member in any capacity based upon allegations that Martino failed to conduct due diligence on a private placement issued by a start-up company. Letter…
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…
Jack Lewis Jones (also known as JJ Jones) of Houston, Texas, a stockbroker currently registered with Triad Advisors, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages because Jones allegedly provided unsuitable investment recommendations to the customer regarding a private placement when Jones was…
National Securities Corporation, a securities broker-dealer headquartered in Boca Raton, Florida, has been censured and fined $3,600,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on National Securities Corporation’s negligent omissions relating to GPB Capital Holdings and its failure to supervise the recommendation of non-traded real estate investment trusts (non-traded REITs) to customers. Letter…
Vincent Anthony Virga of Bayonne, New Jersey, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer received unsuitable investment recommendations from Virga concerning alternative investments while Virga was associated with Madison…
Guiliano Law Group, P.C. (Philadelphia) announced that is has filed investor claims against securities broker-dealers in connection the recommendation and sale of GPB Capital, and its related entities including GPB Automotive. The Statement of Claim filed before the Financial Industry Regulatory Authority or FINRA alleges the violation of the federal securities laws, the Pennsylvania Securities…