Chad Edward Allen of New York, New York, a stockbroker registered with Oppenheimer & Co. Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Allen committed fraud, engaged in excessive and unauthorized trading, made unsuitable recommendations, and failed to…
Scot Barringer of Los Angeles, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related complaint that was settled on September 15, 2022, for $50,000.00 in damages based upon allegations that Barringer made unsuitable recommendations of GWG L-bonds when Barringer was associated with Westpark Capital Inc. Financial Industry…
Christopher Warren Wright (also known as Chris Wright), of Prescott, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Wright made unsuitable recommendations of GWG L-bonds during the time that…
Jesus Manuel Bravo (also known as Jesse Bravo), of Plainview, New York, a stockbroker registered with Joseph Stone Capital LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bravo made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2020066887401 (November 22,…
Michael Joseph Kane III off Plano, Texas, a stockbroker registered with Hilltop Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Kane made unsuitable recommendations and made misrepresentations and omissions of material fact in connection with the…
Sean Daniel McDevitt of Chappaqua, New York, a stockbroker registered with Campfire Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that McDevitt solicited an outside investment arrangement in which funds were potentially misappropriated. Financial Industry Regulatory Authority (FINRA)…
John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to…
Jeffrey Scott Graves (also known as Jeff Graves), of Addison, TX, a stockbroker registered with FFEC Wealth Partners LLC, has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Graves failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Dexter Leroy Thomas of Dallas, TX, a stockbroker registered with National Planning Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Thomas failed to supervise certain registered representatives, whom were negligent, or made unsuitable recommendations, breached their fiduciary duties, and…
Peter Lewis Goffin of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Goffin committed fraud, made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with…
Joseph Patrick Roop (also known as JoePat Roop), of Belmont, NC, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $220,000.00 in damages based upon allegations that Roop was negligent, breached his fiduciary duties, made misrepresentations of material…
Barry Lee Garapedian of Westlake Village, CA, a stockbroker registered with Morgan Stanley, 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 Garapedian caused the securities broker dealer to maintain false records or books. Letter of Acceptance, Waiver, and Consent No….
Brian Robert Roth of Morristown, NJ, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Roth made misrepresentations and omissions of material fact and failed to supervise certain registered representatives in connection…
Christine Anne Warner (also known as Christine Anne Schneider), of Monaca, PA, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for forty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Warner failed to supervise certain registered representatives. Letter of Acceptance, Waiver,…
Scott Wayne Reed of Scottsdale, AZ, a stockbroker registered with Wells Fargo Clearing Services LLC, has been fined $50,000.00 and barred as a stockbroker by the state of Arizona because Reed failed to make regulatory disclosures and he engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. S-21132A-20-0370 (March 24, 2022). Reed…
Shirley Ank Wong (also known as Kuan An Huang or Shirley Ankuan Huang), of Daly City, CA, a stockbroker registered with Ni Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Wong made misrepresentations of material fact, breached…
Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…
Nick Eugene Son of New York, NY, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $261,765.21 in damages based upon allegations that Son made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the sale…
Douglas Fulton Kaiser (also known as Doug Kaiser), of Boca Raton, FL, a stockbroker registered with 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 principal capacity because Kaiser failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Daniel Pita of Southwest Ranches, FL, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member because Pita failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v. Daniel Pita, Default Decision, Disciplinary Proceeding No….
Fernando Silva of Tucson, AZ, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silva failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076360101 (December 6,…
Luke Michael Johnson of Scottsdale, AZ, a stockbroker registered with Coastal Equities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $275,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of direct investments and real estate securities when Johnson was associated with Coastal Equities…
Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s…
John Kennedy Ulwick of Fort Wayne, IN, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Ulwick made unsuitable recommendations of oil and gas investments when Ulwick was associated with Lincoln Financial Advisors…
Eugene Arthur McAdams (also known as Eugene Arthur Mc Adams), of Center Moriches, NY, a stockbroker registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McAdams failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules with…
Christopher David Sinkula of Stuart, Florida, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Sinkula made unsuitable recommendations of high yield securities when Sinkula was associated with Janney Montgomery Scott LLC….
Mei Xia Guo (also known as Gracie Guo), of Monterey Park, CA, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Guo made unsuitable recommendations of real estate securities when Guo was…
Philippus Theunis Van Staden (also known as Philip Van Staden), of Atlanta, GA, a stockbroker registered with The Strategic Financial Alliance Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $90,000.00 in damages based upon allegations that Van Staden failed to perform due diligence, made unsuitable…
Sean T. Sullivan of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Sullivan made unsuitable investment recommendations when Sullivan was associated with Aegis Capital Corp. FINRA Public Disclosure shows…
Jeffrey Brian Forehand (also known as Jeff Forehand) of Myrtle Beach, SC, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,600.00 in damages based upon allegations that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed…
Matthew Stern Buchsbaum of New York, NY, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Buchsbaum made unsuitable investment recommendations and made misrepresentations of material fact during the time that…
Ronald Lewis Millar III of Weston, FL, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on June 15, 2022, in which the customer requested compensation based upon allegations that Millar made unsuitable recommendations of fixed annuities and mutual funds and mismanaged investment accounts during…
Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments, Real Estate…
Travis John Wolfe of Downers Grove, IL, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Wolfe made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Lee Ray Diedrich of Great Falls, MT, a stockbroker registered with Pruco 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 Diedrich committed forgery. Letter of Acceptance, Waiver, and Consent No. 2022074303701 (November 16, 2022). According to the AWC,…
Justin Allen Anderson, of Austin, TX, a stockbroker registered with CUSO Financial Services LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. No. 2021071179201 (November 23, 2022). According to the AWC,…
Ahmed Ghassan Gheith (also known as Andy Gheith), of New York, NY, a stockbroker registered with Noble Capital Markets Inc., has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gheith engaged in the unauthorized solicitation of private placements. Letter of Acceptance,…
Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…
Jeffrey John Furniss of Annapolis, MD, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Furniss made unsuitable recommendations of oil and gas investments when Furniss was associated with Lincoln Financial Advisors Corporation. Financial…
Caz Craffy (also known as Carz Levinski Craffey), of Point Pleasant Beach, NJ, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Craffy failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA…
Michael Christopher Blumer (also known as Christopher Blumer), of Melville, NY, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $45,405.00 in damages based upon allegations that Blumer was negligent, made unsuitable recommendations, and breached his fiduciary duties in connection…
Jake Louis Fruge of Houston, TX, a stockbroker registered with PFS Investments Inc., was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $13,648.25 in damages based upon allegations that Fruge made unsuitable recommendations of variable annuities when Fruge was associated with PFS Investments Inc. This is…
Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs during…
Thais Drummond Piotrowski (also known as Thais Drummond Moreira), of Boca Raton, FL, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Piotrowski made unsuitable recommendations of Business Development Companies or…
Albert Foronda of New York, NY, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Foronda breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Frank Louis Avallone of New York, NY, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Avallone made unsuitable recommendations, breached his fiduciary duties, committed fraud, and violated FINRA rules in connection with the…
Regan Allen Rohl, of Fargo, ND, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,025,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of Master Limited Partnerships “MLPs” during…
Tim Russell Gerds (also known as Tim Gerds), of Hubertus, WI, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 16, 2021, for $50,000.00 in damages based upon allegations that Gerds engaged in unauthorized trading and charged excessive fees in connection…
Robert D’Agosta of Cedar Rapids, IA, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that D’Agosta made unsuitable recommendations, made misrepresentations and omissions of material fact, and failed to perform…
Farrukh Shazad Kazmi, of Moorestown, NJ, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Kazmi made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Thomas Michael Rauchegger, of Maitland, FL, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Rauchegger made unsuitable recommendations of real estate securities during the time that Rauchegger was associated with Kalos Capital…
Bernard F. Jasmin (also known as Berny Francis and Berny Jazz), of New York, NY, a stockbroker registered with Empire Asset Management Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $4,800,000.00 in damages based upon allegations that Jasmin committed fraud, churned the customer’s accounts,…
Cathie Ann Joughin (also known as Cathie Joughin Barnard), of Bakersfield, CA, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Joughin failed to provide information and documents to FINRA during the time that it investigated possible violations of…
Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…
Michael Girard DeLuca (also known as Mike DeLuca) of Beaver Falls, Pennsylvania, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based because DeLuca failed to supervise certain representatives’ annuity exchanges and surrenders….
David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection…
Joseph Francis Comiskey Jr. of Ronkonkoma, NY, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,500.00 in damages based upon allegations that Comiskey made misrepresentations of material fact, was negligent, and breached his fiduciary duties in connection with…
Kurt Russell Baldry of Ostego, MN, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Baldry made unsuitable investment recommendations of direct investments and oil and gas investments during the time…
Robert Thomas Crothers of Holbrook, NY, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Crothers made unsuitable investment recommendations, committed fraud, breached a contract, breached his fiduciary duties, and was…
Christopher Robert Black (also known as Chris Black), of Houston, TX, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable investment recommendations of…
Erkan Eric Afacan of Paramus, New Jersey, a stockbroker registered with Cambridge Investment Research Inc., has been permitted to resign on September 30, 2022, based upon allegations that Afacan failed to comply with the securities broker dealer’s policies regarding covering client account losses. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Afacan is referenced…
Douglas Eugene Keller (also known as Douglas Eugene Savery), of Red Bank, New Jersey, a stockbroker registered with Equitable Advisors LLC (AXA Advisors LLC), was the subject of a customer initiated investment related complaint that was settled on December 9, 2020, for $5,396.04 in damages based upon allegations that Keller made misrepresentations of material fact…
William Martin Ornstein of Fairfield, Connecticut, a stockbroker registered with GMS Group, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $28,500.00 in damages based upon allegations that Ornstein was negligent, made misrepresentations of material fact, and breached his fiduciary duties in connection with the recommendation and…
Christopher Alexander Polinaire (also known as Chris Polinaire), of Hauppauge, New York, a stockbroker registered with Arive Capital Markets, has been fined $7,500.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Polinaire engaged in excessive trading and made unsuitable recommendations. Letter of Acceptance, Waiver,…
David Roger Hirons of San Diego, California, a stockbroker registered with Wedbush Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations of trading execution errors during the time that Hirons was associated with Wedbush Securities Inc. Financial Industry Regulatory Authority…
Charles Vincent Malico (also known as Charlie Malico), of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Malico engaged in quantively unsuitable trading in the customer’s account….
Brad Richard Small of Reading, Pennsylvania, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Small breached a contract in connection with the recommendation and sale of investments during the time that…
Curtis Lee Howard (also known as Curt Howard), of Sapulpa, Oklahoma, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Howard breached his fiduciary duties, was negligent, breached a contract, and committed fraud in…
Christopher John Shaw (also known as Chris Shaw), of Belmont, North Carolina, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shaw engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2020067955001 (November 7, 2022)….
Trevor Lee Gordon of Greenville, South Carolina, a stockbroker registered with Sandlapper Securities LLC, was sanctioned by FINRA based upon allegations that Gordon failed to comply with an arbitration award or otherwise confirm compliance with the regulator. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01008 (August 20, 2021). Gordon and Sandlapper Securities LLC were ordered to…
Kenneth Anthony Luccioni of Sacramento, California, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Luccioni made unsuitable recommendations of mutual funds when Luccioni was associated with Triad Advisors LLC. Financial Industry…
Dorinda Lynn Lumpkin (also known as Dorinda Lynn Bludsworth), of Gadsden, Alabama, a stockbroker registered with BBVA Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lumpkin failed to respond to FINRA’s request for information. FINRA Case No. 2020067150401 (January 4, 2021). According to FINRA…
Victor A. Rigoni III of Lake Forest, Illinois, a stockbroker registered with Cetera Advisor Networks 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 Rigoni failed to make regulatory disclosures. Department of Enforcement v. Victor A. Rigoni III, Order Accepting…
Rafael Golan (also known as Rafi Golan), of Delray Beach, Florida, a stockbroker registered with Crystal Bay Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,300,803.00 in compensatory damages and $50,000.00 in punitive damages because Crystal Bay Securities Inc. was held liable…
Gregory Alan Levine of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Levine “borrowed” money from the customer when Levine was associated with First Allied Securities Inc. Financial…
Kyle Robert Franklin of Roseville, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Franklin made unsuitable recommendations, breached his fiduciary duties, breached a contract, was negligent, and failed to supervise…
Brian Charles Kennedy (also known as Brian Charles Fitton), of Camp Hill, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Kennedy made unsuitable recommendations of oil and gas investments when Kennedy…
Hector Anthony May of New City, New York, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500,000.00 in damages based upon allegations that May converted funds, committed fraud, made omissions of material fact, breached his fiduciary duties, and was…
Wilfred Rodriguez Jr. (also known as Wil Rodriquez), of Boca Raton, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 23, 2020, for $2,550,000.00 in damages based upon allegations that Rodriguez committed forgery, made unauthorized withdrawals from the customer’s…
Robert Michael Gianchiglia of Worcester, Massachusetts, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Gianchiglia made misrepresentations of material fact in connection with the recommendation and sale of private placements when Gianchiglia was associated with Ameritas…
Eric Stephen Pasquini of Fort Wayne, Indiana, a stockbroker registered with CUNA Brokerage Services Inc., is the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $19,156.70 in damages resulting from excessive assets in variable annuities when Pasquini was associated with CUNA Brokerage Services Inc. This…
M. B. Schreiber (also known as Mickey Schreiber), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp., 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 Schreiber engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No….
William Hennion of New York, New York, the Vice President of Hennion Walsh Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations of unsuitable recommendations of unit investment trusts and bonds at Hennion Walsh Inc. Financial Industry Regulatory Authority (FINRA)…
Mason Wayne Gann of Dallas, Texas, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on June 4, 2020, for $4,500.00 in damages based upon allegations that Gann made unsuitable recommendations of stocks when Gann was associated with Berthel Fisher Company…
Robert Owen Klein of Newport Beach, California, a stockbroker registered with J.P. Morgan Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $300,000.00 in damages based upon allegations that Klein made unsuitable investment recommendations during the time that Klein was associated with J.P. Morgan Securities LLC….
Avinash Daswani (also known as Avi Daswani), of Plainview, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 22, 2022, seeking damages based upon allegations that Daswani made omissions of material fact in connection with the recommendation and sale of Unit…
Andre Vincent LaBarbera, of Dix Hills, New York, a stockbroker registered with Titus Rockefeller LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon allegations that LaBarbera failed to comply with an arbitration award or otherwise confirm compliance with the regulator. FINRA Arbitration No. 18-04008 (August 20, 2021). LaBarbera was ordered to pay…
Ronald Reed McCook (also known as Ron Reed McCook Jr.), of Scottsdale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,961,500.00 in compensatory damages because First Allied Securities Inc. was held liable for sales practice…
Fredrick Martin Randhahn (also known as Fred Randhahn and Frederick Martin Randhahn), of Ogden, Utah, a stockbroker registered with Sigma Financial Corporation, has been barred as a stockbroker by Utah Division of Securities based upon allegations that Randhahn violated state securities laws. In the Matter of Fred M. Randhahn, Notice of Agency Action, Docket No….
Anthony Vincent Didonna, a stockbroker registered with Equitable Advisors has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Didonna failed to respond to FINRA’s request for information. Case No. 2021071227201 (Mar. 17, 2022). According to FINRA Public Disclosure, FINRA issued Didonna a Notice of Suspension on December…
Joseph Kelly (also known as Joe Kelly), of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $94,750.00 in damages based upon allegations that Kelly made misrepresentations of material fact and made unsuitable recommendations of…
Joel Darren Plasco of New York, New York, a stockbroker registered with Dalmore Group LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Plasco engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2020068211001…
Cynthia Ann Giovacchino, of Ansonia, Connecticut, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on February 11, 2022, to resolve allegations that Giovacchino made unsuitable recommendations of Real Estate Investment Trust or REIT during the time that Giovacchino was associated with LPL Financial…
Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker registered with American Capital Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $375,000.00 in damages resulting from the customer’s purchase of private placements during the time that Vultaggio was associated with American Capital Partners…
Nigel Ronald James of Mineola, New York, a stockbroker registered with Joseph Stone Capital 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 James engaged in excessive trading and made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No….
Edward Chong Yoon of Pasadena, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $36,250.00 in damages based upon allegations that Yoon made unsuitable recommendations, breached a contract, breached his fiduciary duties, and was negligent in connection with the…
Ron Yehuda Itin of Jersey City, New Jersey, the President and Chief Compliance Officer of E1 Asset Management Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in certain principal capacities based upon allegations that Itin failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Edward Joseph Rudiger Jr., of New York, New York, a the Chief Executive Officer of Reid Rudiger LLC, is the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Rudiger charged excessive commissions and engaged in the unauthorized trading of over-the-counter…
Thomas H. Laws of Silver City, New Mexico, a stockbroker registered with Avantax Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Laws misappropriated funds and made unsuitable recommendations of direct investments (DPPs and LPs) when Laws was…