Inverse/Leveraged ETF Funds

Archive | Inverse/Leveraged ETF Funds

Financial West Group Stockbroker Sanctioned By FINRA

March 31, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   Comments Off on Financial West Group Stockbroker Sanctioned By FINRA

Corey Andrew White of Westlake Village California a stockbroker formerly registered with Financial West Group has been fined $20,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory or principal capacity founded on findings that he failed to supervise his stockbrokers’ trading resulting in unsuitable alternative investment trading in […]

Read More »

Investors File FINRA Arbitration Claim Against Ameriprise For Fraud

March 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Inverse/Leveraged ETF Funds, Investment and Regulatory News, Ponzi Schemes   |   Comments Off on Investors File FINRA Arbitration Claim Against Ameriprise For Fraud

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 sought $172,688.03 in damages founded on allegations that they had been advised by Hoffman to invest in Zima Global Ventures […]

Read More »

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, […]

Read More »

Investors Bring FINRA Arbitration Claim Against International Assets Advisory

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   Comments Off on Investors Bring FINRA Arbitration Claim Against International Assets Advisory

Damian Marlon Bell of Daphne Alabama a stockbroker of International Assets Advisory LLC and investment adviser representative of International Assets Investment Management is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000 and $500,000.00 in damages supported by allegations of the violation of securities laws and a breach […]

Read More »

FINRA Sanctions Griffinest Asia For Failure To Supervise

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

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

Read More »

Oppenheimer Accused Recommending Unsuitable Exchange Traded Funds

September 14, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds   |   Comments Off on Oppenheimer Accused Recommending Unsuitable Exchange Traded Funds

David Warg Best of Bethlehem Pennsylvania a stockbroker and financial advisor formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint that was resolved on July 30, 2019 for $18,750.00 in damages founded on accusations of unsuitable exchange traded funds and closed end funds being sold to the customer […]

Read More »

Mutual Securities Sued By Investors For Negligence

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Inverse/Leveraged ETF Funds, Securities Arbitration Claims   |   Comments Off on Mutual Securities Sued By Investors For Negligence

Jacob Ray Kagele of Tucson Arizona a stockbroker formerly employed by Mutual Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer was awarded $35,631.76 in compensatory damages supported by Kagele being found liable on the customer’s causes of action including that a contract between the customer and the […]

Read More »

Summit Brokerage Services Sued For Negligence

September 14, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Non-traded REITs   |   Comments Off on Summit Brokerage Services Sued For Negligence

Victor A. Rigoni III of Lake Forest Illinois a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related arbitration claim that was settled for $25,000.00 in damages founded on accusations of breach of fiduciary duty and negligence relating to Rigoni’s real estate investment trust transactions. FINRA Arbitration No. […]

Read More »

Investors File FINRA Arbitration Claim Against Corinthian Partners

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

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

Read More »

FINRA Bars Ameriprise Stockbroker In Investigation

July 29, 2020  |   Posted by :   |   Elder Financial Abuse, Inverse/Leveraged ETF Funds, Securities Arbitration Claims   |   Comments Off on FINRA Bars Ameriprise Stockbroker In Investigation

Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Caveness failed to comply with a FINRA investigation in regard to money that the stockbroker received from elderly customers. Letter of […]

Read More »

Cadaret Grant Stockbroker Admits To Unauthorized Trading

July 20, 2020  |   Posted by :   |   Exchange Traded Notes, Inverse/Leveraged ETF Funds, Unauthorized Trading   |   Comments Off on Cadaret Grant Stockbroker Admits To Unauthorized Trading

Eugene James Long (also known as EJ Long) a stockbroker currently employed by Cadaret Grant Co. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he executed unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2019061646402 (July […]

Read More »

FINRA Sanctions JP Morgan For Failure To Supervise

July 11, 2020  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds   |   Comments Off on FINRA Sanctions JP Morgan For Failure To Supervise

JP Morgan Securities LLC a securities broker dealer headquartered in New York City New York has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that JP Morgan Securities did not supervise sales of volatility-linked exchange traded products to make sure that stockbrokers and its customers knew about the risks […]

Read More »

Wells Fargo Sued By Investors For Unsuitable Investment Advice

June 23, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Wells Fargo Sued By Investors For Unsuitable Investment Advice

Evan Richard Wuhl of New York New York a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages based upon allegations that stock recommendations which had been made by Wuhl failed to be suitable given the customer’s risk […]

Read More »

SunTrust Sanctioned For Failure To Supervise ETF Sales

June 03, 2020  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds   |   Comments Off on SunTrust Sanctioned For Failure To Supervise ETF Sales

SunTrust Investment Services a securities broker dealer headquartered in Atlanta Georgia has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that SunTrust failed to supervise the suitability of non-traditional exchange traded funds transactions in customer accounts. Letter of Acceptance Waiver and Consent No. 2018057530701 (May 1, 2020). According to […]

Read More »

Investors Accuse Royal Alliance Of Unsuitable Investment Strategy

June 03, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Royal Alliance Of Unsuitable Investment Strategy

Harold Alan Schwartz (also known as Hal Schwartz) of Lutz Florida a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on January 27, 2020 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that the customer was placed into a unsuitable investment […]

Read More »

LPL Stockbroker Sanctioned For Unsuitable Recommendations

April 08, 2020  |   Posted by :   |   Defective Option Strategies, Inverse/Leveraged ETF Funds   |   Comments Off on LPL Stockbroker Sanctioned For Unsuitable Recommendations

Cory Ryan Burnell of Valley Springs Colorado a stockbroker formerly employed by LPL Financial LLC and Blueprint Wealth Partners LLC has been ordered by California Department of Business Oversight to cease and desist violating securities laws or regulations and has been suspended for twelve months from engaging in investment advisory business in the State of […]

Read More »

Investors Sue Independent Financial Group

March 26, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Securities Arbitration Claims   |   Comments Off on Investors Sue Independent Financial Group

Lyle Jude Boudreaux of Houston Texas a stockbroker formerly associated with Independent Financial Group LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $384,732.00 in damages supported by allegations that the stockbroker’s exchange traded fund transactions failed to be suitable for the customer. Financial Industry Regulatory Authority […]

Read More »

FINRA Bonks Feltl Stockbroker For Customer Loan

Terrence Edward Bonk of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Bonk borrowed money from a customer of Feltl Company without the securities broker […]

Read More »

FINRA Charges Cabot Lodge With Failure To Supervise

Cabot Lodge Securities LLC a securities broker dealer headquartered in New York New York has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing allegations that (1) Cabot Lodge failed to supervise a non-traded real estate investment trust initial public offering and (2) the securities broker dealer poorly advised […]

Read More »

Investors Accuse Merrill Lynch Of Unauthorized Trading

David Robert Feigelman of Stowe Vermont a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith is referenced in a customer initiated investment related complaint on February 16, 2018 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that unauthorized exchange traded fund trades were effected in the customer’s Merrill Lynch […]

Read More »

Investors Accuse Wells Fargo Of ETF Misconduct

January 09, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   0 Comments

Byron Del Piro of Bellevue Washington a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on January 31, 2018 where the customer sought $73,000.00 in damages supported by accusations that between September of 2013 and January of 2018: (1) exchange traded fund recommendations […]

Read More »

International Assets Advisory Sanctioned For Failure To Supervise

International Assets Advisory LLC a securities broker dealer headquartered in Orlando Florida has been censured and fined $30,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the securities broker dealer failed to create and implement a reasonable supervision system and written supervisory procedures for purposes of ensuring suitability or appropriateness of its stockbrokers’ […]

Read More »

Lowell Company Sued By Investors For Defective ETF Investments

William Hamilton Lowell (also known as Bill Lowell) of Dallas Texas a stockbroker currently registered with Lowell Company Inc. and Crescent Securities Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages founded on accusations that exchange traded fund transactions executed by the stockbroker were […]

Read More »

Center Street Stockbroker Charged With Unauthorized Transactions

David Alan Tucker of Daytona Beach Florida a stockbroker formerly registered with Center Street Securities Inc. has been charged by Florida Office of Financial Regulation in an Administrative Complaint containing allegations that (1) Tucker engaged in outside business activities which were not disclosed to Center Street Securities and (2) Tucker sold exchange traded funds or […]

Read More »

Investors Accuse Worth Financial Of Unsuitable ETFs

James Willard Clark of Dallas Texas a stockbroker currently registered with Worth Financial Group Inc. is the subject of a customer initiated investment related written complaint which was settled on July 15, 2019 for $38,000.00 in damages supported by allegations that recommendations of exchange traded fund transactions made by the stockbroker were not suitable and […]

Read More »

Ace Diversified Capital Sanctioned For Failure To Supervise

Ace Diversified Capital Inc. a securities broker dealer headquartered in San Gabriel California has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Ace failed to supervise recommendations of non-traditional exchange traded notes and exchange traded funds recommended by one of its stockbrokers (2) Ace neglected to supervise […]

Read More »

Investors Sue LPL Financial For Bad Leveraged ETFs

Michael Alexander Hanson of La Mirada California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages supported by accusations that the customer had been placed into leveraged exchange traded funds which failed to align with the customer’s objectives for […]

Read More »

Investors Sue Alexander Capital Rogue Stockbroker

Ryan Michael Murnane of New York New York a stockbroker formerly employed by Alexander Capital L.P. is referenced in a customer initiated investment related arbitration claim where the customer requested $1,800,000.00 in damages supported by accusations that (1) recommendations of leveraged exchange traded funds and oil and gas investments were in no way suitable for […]

Read More »

Lowell Company Sued For Exchanged Traded Fund Trading Misconduct

Jody Bryant Bowers of Abilene Texas a stockbroker formerly employed by Lowell Company Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages supported by accusations that (1) exchanged traded funds had been misrepresented and (2) the customer was provided with bad investment recommendations […]

Read More »

Kalos Capital Sanctioned For Bad Alternative Investments

Kalos Capital, a securities broker dealer headquartered in Alpharetta Georgia, and Darren Michael Kubiak of Lawrenceville Georgia, a stockbroker formerly registered with Kalos Capital, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) leveraged inverse exchange traded funds (LIETFs) had been recommended to the firm’s customers without Kalos Capital or […]

Read More »