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…
Richard Allen Ceffalio Jr. (also known as Rich Ceffalio), of Arlington Heights, Illinois, a stockbroker registered with LPL Financial, is under a Financial Industry Regulatory Authority (FINRA) investigation as of October 2, 2024. FINRA reportedly issued a Wells Notice for potential violations of FINRA Rules 3240 and 2010. The allegations involve Ceffalio possibly borrowing from…
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…
On March 25, 2024, New Jersey Bureau of Securities issued a cease and desist order against Carlos Antonio Garceran, of New York, New York, a stockbroker formerly associated with the defunct Whale Securities Company LP and Financial Group Corporation. Specifically, Garceran was ordered to pay $150,000.00 in civil penalties for allegedly misusing a customer’s funds…
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…
Andrew William Payne, of Hartford, Connecticut, previously registered with UBS Financial Services, is the subject of two customer initiated investment related disputes. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that in the first dispute, the customer alleged that Payne had shares journaled and sold to another account without authorization from the customer between July…
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…
Eric Todd Bilitz, of Indianapolis, Indiana, a stockbroker formerly registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 8, 2024. The customer requested $8,489.81 in damages, alleging that Bilitz made the unsuitable investment recommendation of a RiverSource Multi-Index policy based on the customer’s needs and…
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…
Donald Lorne Keith Jr., of Boston, Massachusetts, a stockbroker registered with Raymond James Associates Inc., was discharged as a stockbroker on January 12, 2024. The securities broker dealer alleged that Keith engaged in conduct in violation of firm policies regarding the correction of trading errors. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that…
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….
Edward Mark Lubell (also known as Ned Lubell), of West Palm Beach, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of five customer initiated disputes. On February 9, 2022, a customer filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim against UBS Financial Services, seeking $99,000.00 in damages….
Mitchell Craig Voss (also known as Mitchell Craig Vossenkemper), of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of two customer initiated investment related complaints. These complaints involve allegations of breach of contract, breach of fiduciary duty, negligence, misrepresentation and omission, and violations of Financial Industry Regulatory Authority (FINRA) rules and…
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…
Paul Thomas Pavelski, of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related complaint filed on June 6, 2024. The customer requested $100,000.00 in damages, alleging misrepresentations and omissions of material fact, unsuitable investment recommendations, failure to conduct due diligence, and violations of securities industry rules…
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…
Jason Michael Poschinger, of Indianapolis, Indiana, a stockbroker registered with Cetera Investment Services LLC, is under investigation by Financial Industry Regulatory Authority (FINRA). On February 21, 2024, FINRA made an initial determination to recommend disciplinary action against Poschinger. The allegations include Poschinger potentially opening securities accounts at financial institutions without Cetera Investment Services LLC’s prior…
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…
James V. Peters (also known as Jim Peters), of Costa Mesa, California, a stockbroker registered with Centaurus Financial Inc., is the subject of two customer initiated investment related disputes involving allegations that Peters made unsuitable investment recommendations. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that the first dispute was initiated by customers on November…
Zvi Yehuda Rosenzweig (also known as Yudi Rosenzweig), of Southfield, Michigan, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint filed on September 18, 2023. The customer alleged that in 2016, Rosenzweig advised him to redeem his variable annuity to fund a whole life insurance policy….
Royal Gregory Fisher, of Traverse City, Michigan, a stockbroker previously registered with SagePoint Financial Inc., was fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he engaged in unauthorized activities with a customer of the securities broker dealer. Letter of Acceptance, Waiver, and…
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,…
John Albert Mangin Jr., of Tampa, Florida, a stockbroker registered with OneAmerica Securities Inc., is the subject of two customer initiated investment related complaints while registered with the securities broker dealer. On March 27, 2024, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed against OneAmerica Securities. The customer…
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…
James Anderson Martin (also known as Jamie Martin), of Jacksonville, Illinois, a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martin refused to provide documents and information requested by FINRA during an investigation. Letter of Acceptance,…
Maria De Los Angeles Leon (also known as Maria Del Real), of Grand Rapids, Michigan, a stockbroker registered with PNC Investments, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Leon refused to provide information and testimony requested by FINRA during an investigation into allegations of the…
Anida Venniro (also known as Enida Kerciku and Enida Venniro), of Farmington Hills, Michigan, a stockbroker formerly registered with LPL Financial LLC, 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 Venniro engaged in an outside business activity without providing prior…
Richard Randy Mireles, of San Diego, California, a stockbroker registered with Independent Financial Group LLC, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Mireles failed to supervise a stockbroker who engaged in excessive trading in customer accounts. Letter of…
Gary Francis Harpe, of Farmington Hills, Michigan, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Harpe failed to appear, and failed to provide documents when it conducted an investigation into his activities to identify potential FINRA rule violations. Department…
John Abraham Perez-Cubero, of Short Hills, New Jersey, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Perez-Cubero refused to provide documents and information requested by FINRA. Letter of Acceptance, Waiver, and Consent No. 2023078273201 (September 11, 2023). FINRA Rule 8210…
Tracy Marie Longstreet (also known as Tracy Marie Sorth), of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Longstreet refused to provide documents and information requested by FINRA regarding a customer complaint. Letter of Acceptance, Waiver,…
Justin Y. Gerow, of Punta Gorda, Florida, a stockbroker registered with LPL Financial 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 Gerow forged customer signatures on documents without their prior permission, causing the securities broker dealer to maintain inaccurate…
Ashlee Nicole Godfrey (also known as Ashlee Nicole Bramlett and Ashlee Nicole Sharp), of Dalton, Georgia, a stockbroker registered with Benjamin F. Edwards Company Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Godfrey refused to testify before FINRA staff in connection with its investigation into…
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…
John C. Shen (also known as Cong Shen), of Dedham, Massachusetts, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shen used an unapproved social media platform to communicate about his securities business during…
Roy Kevin Williams, of Indianapolis, Indiana, a stockbroker registered with Stifel Nicolaus Company Incorporated, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Williams refused to provide testimony as requested by FINRA. Letter of Acceptance, Waiver, and Consent No. 2023078783201 (September 5, 2024). FINRA has the authority…
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…
Glenn Edwin Bridwell Jr. (also known as Ed Bridwell), of Wichita, Kansas, a stockbroker registered with FBL Marketing Services LLC, has been fined $5,000.00 and suspended for 10 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bridwell engaged in discretionary trading in customer accounts during the time that…
Stewart Ginn (also known as Stewart Taylor and as Paxton Ginn Jr.), of Santa Maria, California, a stockbroker registered with Independent Financial Group LLC, has been fined $50,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ginn engaged in excessive and unauthorized trading in…
Kieran John Loughran, of New York, New York, a stockbroker registered with Spartan Capital 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 Loughran engaged in excessive trading in a customer’s account. Letter of Acceptance, Waiver, and Consent No….
Mehdi Ahmad El Sayed Mohamad, of Astoria, New York, a stockbroker registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mohamad refused to provide information and documents requested by FINRA during an investigation into allegations of unauthorized transactions. Letter of Acceptance,…
Richard Joseph Jackson, of New York, New York, a stockbroker registered with Equity Services 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 Jackson made misleading claims in communications with customers. Letter of Acceptance, Waiver, and Consent No. 2022076868701, (August…
Richard Foerster Reynolds, of Garden City, New York, a stockbroker registered with Worden Capital Management, 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 Reynolds engaged in excessive trading in a customer’s account during the time that he was associated with…
Andrew Robert Hutcheson, of Los Angeles, California, a stockbroker registered with Raymond James Associates, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hutcheson engaged in outside business activities without providing prior written notice to Raymond James. Letter of Acceptance, Waiver,…
Gregory Alan Corrie (also known as Greg Corrie), of Boise, Idaho, a stockbroker registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Corrie refused to provide documents and information requested by FINRA during an investigation into his activities while he was…
Wells Fargo Clearing Services, a securities broker dealer headquartered in Saint Louis, Missouri, has been censured and fined $400,000.00 because Wells Fargo failed to prevent its financial advisors from recommending unsuitable short-term trading of certain financial products to customers. Letter of Acceptance, Waiver, and Consent No. 2019061442702 (September 12, 204). According to the AWC, from…
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,…
Frank Enrique Lumpuy, of Miami, Florida, a stockbroker registered with Kovack Securities Inc., has been discharged by the securities broker dealer on February 23, 2024, based upon his alleged involvement in a customer loan. This is not the first time that Lumpuy has been discharged for conduct in the securities industry. On June 9, 2006,…
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 Christoforidis, of Garden City, New York, a stockbroker registered with Spartan Capital Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Christoforidis refused to testify during a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2018056490313 (August 7, 2024). FINRA’s action against Christoforidis…
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…
Kim Ray Kunz, of Atascadero, California, a stockbroker registered with Westpark Capital Inc., has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kunz made the unsuitable investment recommendation of “high-risk investment products” to customers during the time that Kunz was associated…
Kimberly Ann Mallas (also known as Kimberly Ann Kaufman), of Draper, Utah, a stockbroker formerly registered with Transitional Broker LLC, has been discharged by the securities broker dealer on January 18, 2024, based upon alleged unauthorized transactions in annuities. According to Transitional Broker LLC, Mallas violated Financial Industry Regulatory Authority (FINRA) rules by submitting annuity…
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…
Marat Likhtenstein, of Brooklyn, New York, a stockbroker registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Likhtenstein failed to comply with FINRA’s investigation requests concerning his termination from Osaic Wealth. Letter of Acceptance, Waiver, and Consent No. 2024082598101 (August 5, 2024)….
Matthew Jason Childs, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, has been suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Childs made the unsuitable investment recommendation of non-traditional exchange-traded funds ETFs to customers during the time that he was associated with…
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…
Nathaniel Royce Clay (also known as Nate Clay), of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., has been permanently barred from acting as a stockbroker or in any other capacity in the securities industry by Securities and Exchange Commission (SEC). This sanction follows allegations that Clay made unsuitable invesytment recommendations,…
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…
Richard Jay Rustic, of Bristol, Connecticut, a stockbroker registered with Commonwealth Financial Network, is the subject of a customer initiated investment related civil action in which the customer requested damages based upon alleged breach of fiduciary duty when Rustic was associated with Commonwealth Financial Network. Civil Action No. HHD-CV-24-6181034S (February 26, 2024). The claim alleged…
Richard John Donatelli (also known as Rick Donatelli), of Columbiana, Ohio, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 2, 2024, in which the customer requested $79,437.04 in damages based upon the alleged unsuitable investment recommendation of variable annuities when Donatelli was associated…
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…
Ryan Thomas Murphy, of Savannah, Georgia, a stockbroker previously registered with Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Murphy refused to testify or provide documents during a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2024082044301 (August 14, 2024). According…
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…
Shane Alexander Appelbaum, of Boca Raton, Florida, 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 $3,000,000.00 resulting from the sale of private placements during the time that Appelbaum was associated with Herbert…
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…
Joseph Gunnar Co. LLC, headquartered in Uniondale, New York, has been censured and fined $65,000.00 by Financial Industry Regulatory Authority (FINRA) because Joseph Gunnar charged unfair commissions on equity transactions and failed to supervise its business to ensure that commissions complied with FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2019060648401 (July 8, 2024)….
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…
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…
Aubrey Walter Lee Jr., of Farmington Hills, Michigan, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on December 6, 2023, for $76,687.50 based upon the alleged unsuitable investment recommendation of variable annuities when Lee was associated with Merrill Lynch Pierce Fenner…
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…
Chadwick David Carrick (also known as Chadwick Davie Carrick and as Chad Carrick), of Mobile, Alabama, a stockbroker registered with Stifel Nicolaus Company Incorporated, was referenced in a customer initiated investment related civil action that was settled for $300,000.00 in damages based upon the alleged breach of fiduciary duty, churning, excessive trading, failure to supervise,…
Craig Sherman Thistlethwaite, of Perrysburg, Ohio, a stockbroker formerly registered with Morgan Stanley, has been fined $10,000.00 and suspended for 60 days from associating with any Financial Industry Regulatory Authority (FINRA) member because Thistlethwaite engaged in unauthorized trading and communicated with customers about securities business using unauthorized methods. Letter of Acceptance, Waiver, and Consent No….
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….
David Scott Lerner, of Long Beach, New York, a stockbroker registered with Network 1 Financial Securities 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 Lerner used unauthorized methods to communicate with customers about securities business. Letter of Acceptance, Waiver,…
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…
Jonathan Robert Harvey, of Doylestown, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $499,000.00 in damages based upon the alleged unsuitable investment recommendation of fixed income products during the period that Harvey…
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 Allen Carter, of Charlotte, North Carolina, a stockbroker formerly registered with Pruco Securities LLC, is the subject of a customer initiated investment related complaint filed on April 4, 2014, in which the customer requested $500,000.00 in damages based upon alleged unauthorized trading in the customer’s retirement account when Carter was associated with Pruco Securities…
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…
Martin Chris Gruner, of Winnetka, Illinois, 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 $1,500,000.00 in damages based upon the alleged unsuitable recommendation of options during the period that Gruner was associated with Morgan Stanley. FINRA…
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…
Tammy Louise Higgins (also known as Tammy Louise Jensen), of Edina, Minnesota, a stockbroker registered with RBC Capital Markets LLC, was the subject of a customer initiated investment related complaint that was settled on July 18, 2022, for $73,135.75 in damages based upon the alleged unauthorized trading in municipal bonds during the time that Higgins…
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…
Western International Securities Inc., headquartered in Pasadena, California, has been censured and fined $475,000.00 by Financial Industry Regulatory Authority (FINRA) because Western International Securities failed to supervise certain representatives who engaged in excessive trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021071099404 (June 15, 2023). According to the AWC, from January of…
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…
Gary Lee Sauve, of Bismarck, North Dakota, 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 Sauve breached his fiduciary duties to the customer and made the unsuitable…
Jeremy Lee Bouwman of Austin, Texas, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on August 4, 2022, for $45,844.82 in damages based upon allegations that Bouwman made unsuitable investment recommendations during the period that Bouwman was associated with Edward Jones. Financial Industry Regulatory…
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…
John Wigmore Reilly III (also known as Jack Reilly), of Orlando, Florida, a stockbroker registered with Securities Research 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 Reilly engaged in the quantitatively unsuitable trading in mutual funds (more commonly known…
Jordan Stentiford of Ridgeland, Mississippi, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stentiford refused to appear for testimony as requested by FINRA in its investigation into Stentiford’s potential forgery of customer signatures. Letter of Acceptance, Waiver,…
Joseph Edward O’Shea Jr., of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related complaint filed on February 5, 2024, in which the customer requested $50,000.00 in damages based upon allegations that O’Shea engaged in excessive trading and charged excessive commission in connection…
Laura H. Casey (also known as Laura Aline Hubbard and Laura H. Hubbard), of Rumson, New Jersey, a stockbroker registered with Morgan Stanley, has been fined $7,500.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Casey engaged in the quantitatively unsuitable trading in the…
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…
Ron Yehuda Itin, of Jersey City, New Jersey, the former president of E1 Asset Management Inc., has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Itin failed to create and maintain a supervisory system for purposes of identifying and preventing fraudulent fund transfers…
Sharif Azmi Sharif of Elmhurst, Illinois, a stockbroker previously registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif failed to adequately disclose his involvement with an outside company and participated in customers’ private investment in…
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…
RBC Capital Markets LLC, headquartered in New York, New York, has been censured and fined $75,000.00 by the Financial Industry Regulatory Authority (FINRA) because the firm failed to properly supervise investors’ rights of reinstatement benefits on eligible mutual fund transactions. Letter of Acceptance, Waiver, and Consent No. 2019063914601 (July 2, 2024). According to the AWC,…
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…
Zachary Ross McCraw (also known as Zach McCraw), of Ridgeland, Mississippi, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McCraw failed to comply with an investigation into his potential forgery of customer signatures on insurance forms. Letter of Acceptance,…
Daniel Keith Beech of Charlotte, North Carolina, a stockbroker registered with Innovation Partners LLC, has been fined $10,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Beech made improper payments to an unregistered person while associated with Innovation Partners LLC and Western International Securities…
Scott Eugene Buck of Stow, Ohio, a stockbroker registered with LPL Financial LLC, has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Buck engaged in unauthorized trading and used unapproved methods to communicate with LPL Financial customers. Letter of Acceptance, Waiver, and…
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…
Peter John Lingua (also known as Pete Lingua), of Springfield, Massachusetts, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on November 20, 2023, for $161,198.87 in damages based upon allegations that Lingua made misrepresentations of material fact in connection with…
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…
UBS Financial Services Inc., headquartered in Weehawken, New Jersey, has been censured and fined $850,000.00 by the Financial Industry Regulatory Authority (FINRA) because UBS failed to supervise certain representatives’ private securities transactions and failed to supervise transfers of customer funds to third parties. Letter of Acceptance, Waiver, and Consent No. 2021073037102 (July 8, 2024). The…
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…
Jeffrey Thomas Higgins, of Baker City, Oregon, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacities because Higgins did not appear for testimony and refused to produce documents and information that FINRA requested during its investigation into Higgins’ potential misappropriation…
John Celon Rabulan, of Norfolk, Virginia, a stockbroker registered with NYLIFE Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rabulan failed to respond to FINRA’s request for information. Case No. 2023078315301 (December 11, 2023). FINRA initially suspended Rabulan on October 2, 2023, due to…
John E. Pelletier, of Wauwatosa, Wisconsin, a stockbroker registered with BMO Harris Financial Advisors Inc., has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pelletier engaged in unauthorized trading in a customer’s retirement account. Department of Enforcement v. John Pelletier, Extended…
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…
Steve Allen Moise (also known as Steve Alan Moise), of Mineola, New York, a stockbroker registered with Joseph Stone Capital 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 Moise engaged in excessive and unsuitable trading in a customer’s account….
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…
Thomas Reyes Jr., of La Vista, Nebraska, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Reyes refused to appear for testimony during an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….
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…
James Taylor Davis, of Lexington, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint filed on February 13, 2024, in which the customer requested $24,266.86 in damages based upon allegations that Davis made unsuitable investment recommendations and made misrepresentations of material fact in connection…
Kyle Mostransky, of Huntington, New York, a stockbroker registered with NYLIFE Securities LLC, was the subject of a customer initiated investment related complaint that was settled on April 11, 2024, for $10,200.00 in damages based upon allegations that Mostransky made misrepresentations of material fact in connection with the sale of variable annuities during the time…
Walter Frank Squires Jr., of Derby, Connecticut, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on January 30, 2024, in which the customer requested damages based upon allegations that Squires made the unsuitable investment recommendation of alternative investments during the period that Squires was associated…
Rudolf Lucian Molnar (also known as Rudy Molnar), of New Port Richey, Florida, 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 $12,500.00 in damages based upon allegations that Molnar made the unsuitable investment recommendation…
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…
Claire Cofer Friedrichs (also known as Claire Cofer Richmond and Claire Friedrichs Taylor), of Mandeville, Louisiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on August 11, 2021, based upon allegations that Friedrichs attempted to allocate a trade error involving market losses to customer accounts. Financial Industry…
Bryan Robert Noonan, of Scottsdale, Arizona, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Noonan refused to cooperate in a FINRA investigation into his potential private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2024081517201 (June…
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…
Barry Stuart Kemp, of Brentwood, Tennessee, a stockbroker registered with Fifth Third Securities Inc., was the subject of a customer initiated investment related complaint that was settled on November 9, 2022, for $13,000.00 in damages. The complaint was based upon allegations that Kemp made the unsuitable investment recommendation of corporate bonds during the time that…
Azmi Patrick Sharif, of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif took part in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076175702 (June 26, 2024). On…
Ayad Beshara Saad, of Melbourne, Florida, a stockbroker registered with Morgan Stanley, has been discharged on December 4, 2023, based upon allegations that Saad provided the securities broker dealer with inconsistent information during an internal investigation. What Morgan Stanley was investigating was not disclosed. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Saad was…
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…
Collins D. Bhola, of Melville, New York, a stockbroker registered with NYLIFE Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bhola refused to provide testimony requested by FINRA in connection with its investigation into the stockbroker. Letter of Acceptance, Waiver, and Consent No. 2023079727201…
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…
Donald Leo Hansen Jr., of San Francisco, California, a stockbroker registered with Merrill Lynch, has been permitted to resign on February 22, 2024, based upon allegations that Hansen engaged in unauthorized and excessive trading in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Hansen is also referenced in a customer initiated investment…
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…
Imdadur Rahman (also known as Gino Rahman), of Troy, Michigan, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rahman engaged in unauthorized “financial transactions” with an elderly customer. Letter of Acceptance, Waiver, and Consent No. 2023080253301…
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…
Ronnie Rindon Dumag (also known as Ronnie R. Dumag), of Sacramento, California, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dumag refused to comply with FINRA investigators in connection with its inquiry into his potential conversion of funds from…
Rosaline Alam (also known as Rosaline Alrachid), of Claremont, California, a stockbroker registered with Lincoln Investment, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Alam refused to provide information and documents requested by the regulator during an investigation into the alleged misappropriation of customer funds. Letter…
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…
Stephen R. Mihalek of Mentor, Ohio, a stockbroker registered with J.P. Morgan Securities LLC, was the subject of a customer initiated investment related complaint that was settled on April 25, 2024, for $45,300.49 in damages based upon allegations that Mihalek engaged in unauthorized trading when Mihalek was associated with J.P. Morgan Securities LLC. This is…
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…
William Robert Slepcevich, of Naples, Florida, a stockbroker registered with Questar Capital Corporation, was the subject of a customer initiated investment related complaint that was settled on January 20, 2021, for $25,600.00 in damages based upon allegations that Slepcevich made the unsuitable investment recommendation of Business Development Companies (“BDCs”) when Slepcevich was associated with Questar…
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…
TradeZero America Inc., headquartered in Brooklyn, New York, has been censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) because TradeZero America allowed influencers to make misleading communications about the company’s services and had failed to supervise influencers’ communications to investors. Letter of Acceptance, Waiver, and Consent No. 2021072581301 (June 10, 2024). According to…
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…
Matthew Bradley Mitchell of Tulsa, Oklahoma, a stockbroker registered with BOK Financial Securities Inc., was the subject of a customer initiated investment related complaint filed on January 18, 2024, in which the customer requested over $30,000.00 in damages based upon allegations that Mitchell engaged in unsuitable and unauthorized trading when Mitchell was associated with BOK…
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,…
Bobby Ray Payne Jr. (also known as Bobby Payne), of Manassas, Virginia, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 7, 2022, for $34,856.79 in damages based upon allegations that Payne made unsuitable recommendations in variable annuities when Payne was…
Brandon Jerome Larsen of Green Bay, Wisconsin, a stockbroker registered with Thrivent Investment Management Inc., has been discharged by the securities broker dealer on January 8, 2024, based upon allegations that Larsen violated firm policies regarding unauthorized trading, failure to disclose outside business activities, and conducting communications outside the firm’s auspices. Financial Industry Regulatory Authority…
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…
Christopher Michael Lazos of New York, New York, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related civil action in which the customer requested $250,000.00 in damages based upon allegations that Lazos helped an individual create a misleading valuation for a private placement that was held by the…
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,…
Gary Alan Kieper of Antigo, Wisconsin, a stockbroker previously registered with Thrivent Investment Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kieper failed to appear for testimony in an investigation. Letter of Acceptance, Waiver, and Consent No. 2024081689201 (May 21, 2024). FINRA’s action stems…
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…
Joel Randy Freedman of West Conshohocken, Pennsylvania, a stockbroker registered with Morgan Stanley, has been permitted to resign on March 14, 2024, based upon allegations that Freedman engaged in discretionary trading in a customer account and failed to internally report a customer’s complaint. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on March…
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…
Mary Joanne Petretto (also known as MJ Petretto), of Guilford, Connecticut, a stockbroker registered with Innovation Partners LLC, was the subject of a customer initiated investment related complaint that was settled on April 17, 2024, for $22,799.78 in damages based upon allegations that Petretto made misrepresentations of material fact in connection with the sale of…
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…
Ronald Harland Berg, of Anaheim California, a stockbroker registered with Innovation Partners LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Berg failed to comply with FINRA’s requests during an investigation. Letter of Acceptance, Waiver, and Consent No. 2023077022401 (May 31, 2024). According to the…
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…
Yong Soo Kim (also known as Yong Kim) of Los Angeles, California, a securities principal registered with Kayan Securities Inc., 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 because Kim failed to supervise certain representatives who engaged in excessive trading…
Arive Capital Markets, based in Staten Island, New York, has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) for failure to supervise suitability and telemarketing. Letter of Acceptance, Waiver, and Consent No. 2018056483905 (May 14, 2024). According to the AWC, from August 2016 to June 2020, Arive Capital Markets did not maintain…
Michael Harris Sears of Englewood, Florida, a stockbroker registered with Questar Capital Corporation, was the subject of a customer initiated investment related complaint filed on October 6, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Sears made the unsuitable investment recommendation of real estate securities when Sears was associated with…
Ariel A. Rivero of Miami, Florida, a stockbroker registered with Jefferies LLC, has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rivero borrowed money from a customer without firm approval and attempted to settle a customer complaint without firm knowledge. Letter…
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…
David Wei Wong of Los Angeles, California, the owner and CEO of Integrity Brokerage LLC, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a complaint alleging that Wong misused and converted customer funds. Department of Enforcement v. David Wong, Complaint No. 2021069373001 (May 7, 2024). FINRA Department of Enforcement alleged…
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….
Gary Francis Harpe of Farmington Hills, Michigan, a stockbroker registered with PFS Investments Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Harpe based upon allegations that Harpe failed to provide documents and information requested by FINRA in an investigation. Department…
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…
James Harry MacKellar of Newbury Park, California, a stockbroker registered with SagePoint Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because MacKellar refused to provide information or documents requested by FINRA. Letter of Acceptance, Waiver, and Consent No. 2023078203401 (May 1, 2024). On June 7,…
Janet T. Doherty of Staten Island, New York, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related complaint filed on January 11, 2024, in which the customer compensatory damages estimated to exceed $5,000.00 based upon allegations that Doherty effected an unauthorized transfer of funds from fixed to variable…
Jonathan Micheal Gervaise of Radnor, Pennsylvania, a stockbroker associated with Lincoln Financial Distributors Inc., has been barred permanently from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gervaise failed to respond to FINRA requests for information. FINRA Case No. 2023037892501 (May 2, 2024). FINRA initiated an investigation into Gervaise’s activities…
John Joseph Cahill of Upper Saddle River, New Jersey, a stockbroker registered with Janney Montgomery Scott LLC, has been barred on March 1, 2021, by New Jersey Bureau of Securities. Cahill violated the procedures and policies of Janney Montgomery Scott LLC by failing to disclose a power-of-attorney (POA) relationship. The Bureau found that Cahill’s actions…
Joseph William Moyer of Columbus, Ohio, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on March 29, 2021, in which the customer requested $189,000.00 in damages based upon allegations that Moyer made misrepresentations of material fact and made the unsuitable investment recommendation of variable life…
Joshua Leon Jenkins of Mechanicsburg, Pennsylvania, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related complaint filed on March 7, 2024, in which the customer requested $30,153.00 in damages based upon allegations that Jenkins made the unsuitable recommendation of life insurance products when Jenkins was associated…
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…
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…
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…
Michael Gerard Gravelyn (also known as Mike Gravelyn), of Grand Rapids, Michigan, a stockbroker registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gravelyn failed to provide information and documents requested by FINRA. Letter of Acceptance, Waiver, and Consent No. 2023078749801…
Nicole Lynn Bolton (also known as Nicole Lynn Pageler), of Boise, Idaho, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bolton failed to comply with FINRA’s request during an investigation. Letter of Acceptance, Waiver, and Consent No….
Peter Hargitt Foley Jr. of Palm Beach Gardens, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on July 28, 2023, in which the customer requested damages estimated to be in excess of $5,000.00 based upon allegations that Foley engaged in excessive trading in…
Peter Scott Izzo of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on December 16, 2020, for $45,000.00 in damages based on allegations that Izzo made unsuitable investment recommendations to the customer when Izzo was associated…
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…
Ricki Jay Silverman of Fort Lauderdale, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on January 24, 2024, in which the customer requested compensatory damages based upon allegations that Silverman made the unsuitable investment recommendation of in corporate bonds and variable annuities when Silverman was…
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 James Sullivan of Garden City, 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 Sullivan based upon allegations that Sullivan failed to provide testimony requested by FINRA in connection with its…
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…
Tyler Simpson Camp of Hoover, Alabama, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on December 11, 2023, because of a customer complaint alleging that Camp engaged in sales practice violations. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally shows that on February 6, 2024, a customer initiated investment related…
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 M. Komarow, of West Hartford, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been barred by United States Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative because Komarow engaged in a free-riding securities trading scheme. In the Matter of Andrew M. Komarow, Order Instituting Administrative Proceedings, File…
William Robert Mielke Jr., of Green Bay, Wisconsin, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related complaint that was settled on March 21, 2022, for $18,144.00 in damages based upon allegations that Mielke engaged in unauthorized trading in stocks, options, and mutual funds when Mielke was…
Andrew Joseph Egber (also known as Andy Egber), of Rockville, Maryland, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Egber refused to cooperate with an investigation into whether he misappropriated or “stole money from a customer.” Letter…
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 Lee Freeman of Newport Beach, California, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related complaint filed on November 8, 2023, in which the customer requested compensatory damages based upon allegations that Freeman made unsuitable recommendations in life insurance products when Freeman was associated with Securian Financial…
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…
Cedric Percell Powell, of Tampa, Florida, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on October 28, 2021, for $13,468.00 in damages based upon allegations that Powell misappropriated funds from their mutual fund accounts during the period that Powell was associated with…
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…
Ernest Alexander Harris of Tucson, Arizona, a stockbroker registered with Union Capital Company, was the subject of a customer initiated investment related complaint that was settled on August 18, 2023, for $15,000.00 in damages based upon allegations that Harris made the unsuitable investment recommendation of certain stocks during the time that Harris was associated with…
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…
Justine Marie Cantafio (also known as Justine Marie Wachs), of Scranton, Pennsylvania, a stockbroker registered with NYLIFE Securities, has been fined $7,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cantafio submitted unauthorized life insurance applications. Letter of Acceptance, Waiver, and Consent No. 2022076531801…
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…
Kathy Ann Borkovec (also known as Kathy Ann Berry and Kathy Ann Wallenfang), of Northbrook, Illinois, a stockbroker registered with Charles Schwab Co. Inc., is the subject of a customer initiated investment related complaint filed on November 8, 2023, in which the customer requested compensatory damages based upon the alleged forgery of the customer’s signature…
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…
Michael Charles Grande of Fort Lauderdale, Florida, a stockbroker registered with Newbridge Securities Corporation, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Grande failed to cooperate with a FINRA investigation into his mutual fund recommendations. Department of Enforcement v. Michael Charles Grande, Disciplinary Action No. 2018060128401 (April 24, 2024)….
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…
Nicholas Robert Hasselkus (also known as Nick Hasselkus), of Scottsdale, Arizona, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint that was settled on January 27, 2023, for $14,624.43 in damages based upon allegations that Hasselkus did not follow the customer’s instructions regarding the transfer of their investment…
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,…
Randall Blake Barkhurst (also known as Randy Barkhurst), of Tualatin, Oregon, a stockbroker registered with Pruco Securities LLC, was the subject of a customer initiated investment related complaint filed on July 26, 2023, in which the customer requested $500,000.00 in damages based upon allegations that Barkhurst made misrepresentations of material fact in connection with the…
Robert John Sawyer (also known as Bob Sawyer) of Gulfport, Mississippi, a stockbroker registered with Stifel Independent Advisors LLC, is the subject of a customer initiated investment related civil action filed in Mississippi State Court in Harrison County in which the customer requested over $5,000.00 in estimated damages based upon allegations that Sawyer breached a…
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…
Ronald Thomas Ochal Jr. (also known as Ron Ochal), of Tampa, Florida, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related complaint filed on November 10, 2023, in which the customer requested $20,188.65 in damages based upon allegations that Ochal engaged in excessive and unsuitable trading in mutual…
Spencer Marc Miller, of Westlake Village, California, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on December 14, 2023, in which the customer requested compensatory damages based upon allegations that Miller made recommendations that were not in the customer’s best interest in…
Sterling Carmen Hirsch, of Yucaipa, California, a stockbroker registered with Center Street Securities Inc., has been fined $20,000.00 by the California Department of Insurance because Hirsch ignored suitability requirements and entered into a customer loan. Case No. IE202000426 (May 24, 2023). Hirsch’s insurance license has been placed in a probationary state for five years. This…
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…
Richard Chester Zientarski (also known as Rick Zientarski), of Punta Gorda, Florida, a stockbroker registered with Planmember Securities Corporation, was the subject of a customer initiated investment related complaint that was settled on March 6, 2024, for $15,000.00 in damages based upon allegations that Zientarski misrepresented a variable annuity as a liquid savings investment during…
Neil Jeffrey Lerner, of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on November 17, 2023, in which the customer requested compensatory damages based upon allegations that Lerner made the unsuitable investment recommendation of in products that were not offered through Morgan…
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…
August Anthony Ferretti of Parsippany, New Jersey, a stockbroker registered with Bankers Life Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Ferretti misrepresented the terms of a fixed annuity and purchased insurance policies without the customer’s knowledge during the time…
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…