Leslie Ann Lauer of Columbus, Ohio, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on February 22, 2024, in which the customer requested compensatory damages based upon allegations that Lauer did not act in the trustee’s best interest by making misleading or false statements…
Brian C. Shevland of Wayne, Pennsylvania, a stockbroker registered with MCG Securities LLC, or Merion Capital Group, has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shevland made misrepresentations of material fact to investors. Letter of Acceptance, Waiver, and Consent No….
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 Joseph Livaccari of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint that was settled on April 25, 2023, for $75,000.00 in damages. The complaint alleged that during Livaccari’s association with UBS Financial Services Inc., he made misrepresentations of material fact…
Philip Scott Bradshaw of San Diego, California, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on February 13, 2023, in which the customer requested compensation based upon allegations that Bradshaw made misrepresentations of material fact in connection with the sale of mutual funds…
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…
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…
Scott Curtis Wilson of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on July 11, 2022, in which the customer requested damages based upon allegations that Wilson made misrepresentations of material fact in connection with the recommendation and sale of closed end…
Blakely Chapman Page of Bryn Mawr, Pennsylvania, a stockbroker registered with Spouting Rock Capital Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Page made misrepresentations in connection with the recommendation of a hedge fund. FINRA…
James Alan Seijas of Short Hills New Jersey 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 supported by findings that he failed to cooperate with FINRA when investigated for a lawsuit where he was accused of misrepresenting…
Robert Russel Tweed (also known as Rusty Tweed) of San Marino California the owner of Tweed Financial Services and former stockbroker of Concorde Investment Services LLC and Cabot Lodge Securities LLC has been barred as stockbroker and investment adviser representative by Securities Exchange Commission (SEC) according to an Order founded on allegations of Tweed misleading…
Rand Alan Heckler of Glen Cove New York a stockbroker formerly registered with Benjamin Jerold Brokerage I LLC has been charged by Securities and Exchange Commission (SEC) with defrauding investors. SEC v. Rand Heckler and Rand Heckler Inc. Civil Action No. 1:20-cv-04654 (Sept. 30, 2020). According to the Complaint, in 2015, a senior investor’s securities…
Jeremy Seidman of Boston Massachusetts a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $6,500,000.00 in damages supported by accusations that the customer had been recommended an unsuitable options overlay strategy by Seidman between 2016 and 2019 when he…
Marcelo Javier Poliak (also known as Marcelo Juvier Poliak) of Miami Florida a stockbroker currently registered with Jeffries LLC is the subject of a customer initiated investment related complaint on September 8, 2020 where the customer sought compensatory damages based upon accusations that they had been placed into a hedge fund that was unsuitable for…
CHARLOTTE, NC – The Guiliano Law Group, P.C. has filed a Statement of Claim against Northwestern Mutual Investment Services LLC on behalf of investors before the Financial Industry Regulatory Authority or FINRA seeking damages for fraud, the breach of fiduciary duty, the failure to supervise, negligence and in violation of the federal securities laws and…
Frank Anthony Dinucci Jr. of New York New York a stockbroker associated with AOC Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealers or investment advisers according to an SEC Order founded on Dinucci pleading guilty to…
Stuart L. Pearl (also known as Stu Pearl) of Indianapolis Indiana a stockbroker formerly employed by David A. Noyes Company has been identified in a customer initiated investment related complaint which has been resolved on July 1, 2019 for $42,500.00 in damages founded on accusations that (1) a hedge fund position had been executed in…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related complaint which was settled for $218,295.00 in damages on October 2, 2019 supported by allegations that mutual fund transactions executed by the stockbroker failed to be suitable. Financial Industry Regulatory Authority…
Paul Wescoe Smith of Wayne Pennsylvania a stockbroker formerly employed by Bolton Global Capital has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings containing findings of Smith committing securities fraud. In…
Stephen Skeffington Eubanks of Las Vegas Nevada a stockbroker formerly employed by Bright Trading LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940…
William Joseph Kielczewski of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Kielczewski partook in private securities transactions without notifying the firm beforehand and (2) Kielczewski falsified information to the firm concerning the private…
Carolyn Marie Thur of Chicago Illinois of Oakbrook Terrace Illinois a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on allegations that (1) omissions had been made to the customer concerning the risks, portfolio composition…
Michael Patrick Murphy of New York New York the Chief Executive Officer of Columbus Advisory Group Ltd. is the subject of a customer initiated investment related arbitration claim where the customer requested $22,500,000.00 in damages supported by accusations that the customer had been placed in direct participation program or limited partnership interests that were not…
Thomas Edward Burns III of Orange California a stockbroker currently registered with Crown Capital Securities LP has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he was negligent in his confirmation of customer assets on customers’ alternative investment account…
Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and…
Frank Thomas Marino of Newport Beach California a stockbroker formerly employed by MARV Capital Inc. has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unwarranted and false references within investment related communications. Letter of…
Premium Point Investments LP, a Securities and Exchange Commission (SEC) registered investment advisor headquartered in New York, New York, as well as its chief executive officer, Anilesh Ahuja (also known as Neil Ahuja), portfolio manager, Amin Majidi, and trader, Jeremy Shor, have collectively been charged by SEC in a Complaint alleging that they have committed,…
Kenny Danny Mezher of San Francisco California a stockbroker formerly registered with Growth Capital Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No….
Robert Russell Tweed of San Marino California a stockbroker formerly employed by CapWest Securities Inc. has been fined $50,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Extended Hearing Panel Decision containing findings that Tweed (1) made misleading and false statements to hedge fund customers…
Louis Karl Kittlaus of Chicago Illinois a stockbroker formerly registered with Wall Street Strategies Inc. has been suspended on April 10, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to confirm with FINRA whether he complied with FINRA Arbitration No. 15-02941 (Dec. 8,…
Donna Boyd of Houston Texas is an investment adviser and stockbroker formerly registered with Sunbelt Securities that has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker according an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f)…
Ryan Neel Bowers, of San Diego, California, the chief compliance officer and managing principal with Enviso Capital and former stockbroker with WFG Investments, Inc., has been fined $50,000.00 and barred from associating with, inter alia, any investment adviser, broker or dealer according to a Securities and Exchange Commission (SEC) Order containing findings that Bowers made…
John Joseph Tillger Jr., of West Conshohocken, Pennsylvania, a stockbroker formerly registered with CV Brokerage, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not respond to FINRA’s request for information in reference to a customer initiated investment related dispute settlement…
Summit Equities, Inc., a brokerage firm headquartered in Parsippany, New Jersey, has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm did not adequately supervise registered representatives’ private securities transactions as well as recommendations of variable annuity share classes. Letter of Acceptance, Waiver and Consent,…
Patrick O. Howard, of Dallas, Texas, along with two entities controlled by him, Howard Capital Holdings, LLC, and Optimal Economics Capital Partners, LLC, have been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that Howard and his firms committed securities fraud. Securities and Exchange Commission v. Patrick O. Howard, et al.,…
Sanctions levied on Fox Financial Mangement Corporation, a brokerage firm based on Carrollton, Texas, along with principals Brian A. Murphy, of Frisco, Texas, and James E. Rooney, Jr., of Carrollton, Texas, were affirmed by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council in a Decision which confirmed findings that the firm and principals, inter alia,…
Cyrus M. Alphonse, of Boston, Massachusetts, a former registered principal with Summer Street Research Partners, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that, inter alia, he failed to supervise a subordinate registered representative’s private securities transactions. Letter…
Michael Timothy Dolan, of Minneapolis, Minnesota, a stockbroker currently registered with Dougherty & Company LLC, was charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Dolan effected unauthorized private securities transactions. Department of Enforcement v. Dolan, No. 2013039306601 (Dec. 14, 2016). According to the Complaint, from October of 2010 to October…
Rembert D. McNeer III, of Parsippany, New Jersey, a stockbroker formerly registered with Summit Equities, Inc., was fined $10,000.00 and suspended for one-year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to properly supervise the activity of a Summit Equities registered representative. Letter…
Jerry McCutchen, of Mobile, Alabama, a stockbroker for Berthel, Fisher & Company Services, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that McCutchen made unsuitable alternative investment recommendations. Letter of Acceptance, Waiver and Consent,…
Gary Lee Rathbun and Douglas Scott Miller, both of Toledo Ohio, and stockbrokers for Triad Advisors, Inc., were permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after engaging in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014041919401 (May 17, 2016). According to the AWC,…
J. P. Morgan Securities LLC is the securities broker-dealer subsidiary of J.P. Morgan, and as a broker-dealer sells securities and investment services through approximately 2,800 financial advisors located in Chase bank branches nationwide. As of the end of last year, J.P. Morgan, the bank, has $2.6 trillion in assets and J.P. Morgan Asset Management also…
Today, the United States Attorney for the Eastern District of New York unsealed a seven-count indictment Martin Shkreli and his lawyer with securities fraud. According to the indictment, between September 2009 and January 2011, Shkreli falsely represented to potential investors his company MSMB Capital was a transparent investment vehicle for sophisticated investors with monthly liquidity,…
Anthony Diaz of Scotrun, PA, formerly a financial planner with IBN Financial Services, was permanently barred from association with any FINRA registered firms after consenting to FINRA allegations that Diaz engaged in unsuitable variable annuity exchanges, deceptively used falsified financial information and dates, committed fraud in connection with alternative investments, falsified books and records, engaged…
Citigroup Alternative Investments LLC is a subsidiary of Citigroup Global Markets Inc., and between 2002 and 2008, they raised approximately $2.898 billion from approximately 4,000 investors into two now-defunct hedge funds—the ASTA and MAT funds (“ASTA/MAT”) and the Falcon Strategies funds (“Falcon”). These funds were recommended and sold by two groups of individuals, the “financial…
General securities representatives Timothy Stephen Dembski and Walter Francis Grenda Jr., both former employees with Mid Atlantic Capital Corporation (“MACC”) in Cheektowaga, NY, were charged by FINRA’s Department of Enforcement in a Complaint containing allegations that the individuals engaged in fraudulent misrepresentations and omissions in violation of Section 10(b) of the Securities Exchange Act of…
Brian Williamson, the Managing Director of the sub-advisor to the Oppenheimer Global Resource Private Equity Fund Manager consented to the entry of an Order finding that he willfully violated Section 17(a) of the Securities Act; Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; and Section 206(4) of the Advisers Act and Rule 206(4)-8….
Welcome to America! You Can’t Make This Stuff Up America is the land of opportunity. Pakistani citizen and New York resident, Moazzam “Mark” Malik worked as a waiter, and NYPD traffic agent, and a security guard. After “working” at Lehman Brothers, JP Morgan Chase and Merrill Lynch, since 2002. Mark Malik manages more than $1…