James Anderson Martin, also known as James A. Martin or Jamie Martin, of Jacksonville, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision prohibits him from working as a stockbroker or associating with any broker-dealer firm. Martin agreed to the sanctions…
Thomas James Baumann, formerly registered with Spartan Capital Securities LLC in New York, was barred by Financial Industry Regulatory Authority (FINRA) on October 15, 2024. This decision resulted from Baumann’s failure to provide documents and information requested during an investigation into potentially unauthorized and excessive trading in customer accounts. Financial Industry Regulatory Authority Department of…
Maria De Los Angeles Leon, also known as Maria D. Del Real and Maria DelReal, formerly of Grand Rapids, Michigan, was barred by Financial Industry Regulatory Authority (FINRA on September 20, 2024. FINRA alleged that Leon violated Rules 8210 and 2010 by refusing to provide requested information, documents, or testimony during an investigation. This investigation…
Brian Scott Graham, a former stockbroker with Cetera Advisor Networks LLC in Plainfield, Illinois, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision, issued on September 27, 2024, followed Graham’s refusal to provide testimony during an investigation into allegations of “unauthorized withdrawals.” These allegations were disclosed on an amended Form U4. Without…
Rajesh Markan, a former stockbroker from Dallas, Texas, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision, effective October 1, 2024, followed Markan’s refusal to provide documents and information during a FINRA investigation. The investigation began after Hilltop Securities conducted an internal review regarding allegations of fraud, misappropriation, and violations of investment-related…
David Allen Gibbs, a stockbroker with J. Alden Associates Inc., was suspended and fined by Financial Industry Regulatory Authority (FINRA) for borrowing $780,000 from a customer without notifying or obtaining written approval from his former employer, MML Investors Services LLC. The loan was formalized through a promissory note requiring monthly payments with interest over 30…
Jeremy Dillon Baldwin, formerly associated with Brokers International Financial Services LLC in Edmond, Oklahoma, was sanctioned by Financial Industry Regulatory Authority (FINRA) for engaging in unauthorized outside business activities and falsifying firm records. Letter of Acceptance, Waiver and Consent (AWC) No. 2022077410701. According to the AWC, between August 2017 and August 2022, Baldwin acted as…
Elan Sanker, a former stockbroker with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred by Financial Industry Regulatory Authority (FINRA) as of October 4, 2024. This followed Sanker’s refusal to provide on-the-record testimony during a FINRA investigation. The investigation began after Merrill Lynch disclosed that Sanker had been discharged for entering into a financial…
Jeffrey Arthur Perryman, a former stockbroker with NYLIFE Securities LLC in Johnstown, Colorado, was barred by Financial Industry Regulatory Authority (FINRA) on October 7, 2024, and consented to the sanction based upon his refusal to provide information requested by FINRA during an investigation into potential undisclosed outside business activities. Specifically, the investigation focused on allegations…
George Apolonides, also known as George Apollo, a former stockbroker with Spartan Capital Securities LLC in Garden City, New York, on October 8, 2024, was the subject of a Financial Industry Regulatory Authority (FINRA) enforcement proceeding where Apolonides admitted to a finding that he violated Regulation Best Interest (Reg BI) and FINRA rules. Between March…
Feng Kou Chen, also known as Karl Chen, a former stockbroker with LPL Financial LLC in Campbell, California, consented to the entry of sanctions by the Financial Industry Regulatory Authority (FINRA) that Chen falsified eight customer account forms by adding his name as a beneficiary without the customers’ consent or approval from LPL Financial. FINRA…
Kostas Tsamos, also known as Gus Tsamos, a former stockbroker with Spartan Capital Securities LLC in Garden City, New York, on October 8, 2024, was the subject of a Financial Industry Regulatory Authority (FINRA) imposed 17-month suspension on Tsamos for willfully violating Regulation Best Interest under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934…
Robert Anthony Daly, also known as Bob Daly Jr. and Bobby Daly Jr., of Los Angeles, California, has been permanently barred by Financial Industry Regulatory Authority (FINRA). Daly, previously registered with Morgan Stanley, faced regulatory action after refusing to provide documents and information requested during an investigation into possible undisclosed private securities transactions. The investigation…
Lawrence Merl, a former stockbroker with David Lerner Associates Inc. in White Plains, New York, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations to senior customers. Letter of Acceptance, Waiver, and Consent (AWC) No. 2019063686208. According to the AWC, between February 2015 and October 2017, Merl advised four retired…
Kyle Infinite Manning, also known as Kyle Henry Laurie Schmidt, formerly a registered stockbroker with Spartan Capital Securities LLC in Garden City, New York, was the subject of a Financial Industry Regulatory Authority (FINRA) regulatory action initiated on October 8, 2024. Manning agreed to a 17-month suspension after findings revealed he excessively traded accounts belonging…
Michael Ray Lancaster, a former stockbroker with Edward Jones in Lincoln, Nebraska, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The disciplinary action resulted from Lancaster’s refusal to provide written information and documents requested by FINRA during an investigation into his termination. Letter of Acceptance, Waiver, and Consent (AWC) No. 2024081173101. Edward Jones…
George Herman IV Snyder, formerly registered with Ameriprise Financial Services LLC in Springfield, Missouri, has been sanctioned by Financial Industry Regulatory Authority (FINRA) following allegations of violating Regulation Best Interest under Rule 15l-1 of the Securities Exchange Act of 1934. FINRA claimed Snyder made unsuitable investment recommendations that were not in his customers’ best interests. …
Ivanhoe Vincent Ffriend, also known as Ivan Friend and Ivanhoe Vincent Friend, a broker from New Rochelle, New York, registered with Cetera Advisor Networks LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for mismarking order tickets and unauthorized trading. Letter of Acceptance, Waiver, and Consent (AWC) No. 2021072533901. FINRA’s findings indicate that between…
Michael Richard Rosalia, a former broker from Sayville, New York, previously associated with Worden Capital Management LLC in Garden City, has been barred by Financial Industry Regulatory Authority (FINRA) for failing to cooperate with its investigation. FINRA’s action alleged that Rosalia engaged in excessive trading and made unsuitable investment recommendations to his customers. Financial Industry…
Shawn Michael Tyler, also known as Shawn Tyler, a stockbroker formerly registered with American Trust Investment Services Inc. in Whiting, Indiana, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for falsifying documents related to two senior customers. According to FINRA’s findings, Tyler electronically signed the customers’ names, reused signature pages, and added false dates…
Blaine R. Stahlman of McDonough, Georgia, the founder and former Chief Executive Officer of of Professional Broker-Dealer Financial Planning, Inc. was sanctioned by Financial Industry Regulatory Authority (FINRA) on October 16, 2024, for supervisory failures related to speculative investments and business-related email communications. Letter of Acceptance, Waiver, and Consent (AWC) No. 2021069380601. Between March 1,…
Mark Gilbert Beesley, a former stockbroker with Arthur W. Wood Company Inc. in Boston, Massachusetts, has been barred by Financial Industry Regulatory Authority (FINRA) effective October 17, 2024. The decision follows Beesley’s refusal to provide on-the-record testimony as part of a FINRA investigation into allegations of undisclosed outside business activities. Letter of Acceptance, Waiver, and…
Sanford Graham Simmons, also known as Sandy Simmons Jr. and Sanford Graham Simmons Jr., a stockbroker formerly associated with Patrick Capital Markets LLC has been permanently barred by Financial Industry Regulatory Authority (FINRA). On October 17, 2024, FINRA imposed the bar after Simmons refused to provide on-the-record testimony as part of an ongoing investigation initiated…
Kittiany Davis Barrios, a former stockbroker with PFS Investments Inc. in Cranbury, New Jersey, was barred by Financial Industry Regulatory Authority (FINRA) on October 17, 2024. The bar resulted from Davis Barrios’s refusal to provide documents, information, and on-the-record testimony during a FINRA investigation, violating FINRA Rules 8210 and 2010. Letter of Acceptance, Waiver, and…
Colton Wade Jacob, a former stockbroker based in Austin, Texas, was subject to a regulatory action by Financial Industry Regulatory Authority (FINRA) on October 21, 2024, for engaging in outside business activities without providing written notice to his member firms, Raymond James Financial Services Inc. and Steward Partners Investment Solutions LLC. This conduct violated FINRA…
Steven Patrick McCormick, a stockbroker from Simi Valley, California, formerly registered with Osaic Wealth Inc., has been permanently barred by Financial Industry Regulatory Authority (FINRA) for failing to cooperate with a regulatory investigation. The investigation followed a complaint submitted to FINRA. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023077823001. On September 24, 2024, FINRA…
William Lee Campbell, a former stockbroker at David Lerner Associates Inc. in White Plains, New York was sanctioned by the Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations involving energy-related limited partnerships. Letter of Acceptance, Waiver, and Consent (AWC) No. 2019063686209. Between August 2015 and August 2017, Campbell recommended investments in limited partnerships…
Jesse Brett Butler, also known as Brett Butler or J. Brett Butler, a stockbroker from Evansville, Indiana, was sanctioned by Financial Industry Regulatory Authority (FINRA) for borrowing violations while registered with Allstate Financial Services LLC. FINRA issued a Letter of Acceptance, Waiver, and Consent (AWC) on October 23, 2024, after determining that Butler borrowed a…
Christopher J. Shaw, also known as Chris Shaw, of Belmont, North Carolina, a former stockbroker with Newbridge Securities Corporation, was sanctioned by Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations to customers. The disciplinary action was initiated on October 23, 2024, and Shaw consented to the findings without admitting or denying the allegations. …
Victor Alan Lessinger, a stockbroker from Centennial, Colorado, formerly associated with Colorado Financial Service Corporation, has been sanctioned by Financial Industry Regulatory Authority (FINRA) following allegations of unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023077597701. Between June 2022 and February 2023, Lessinger advised an 82-year-old retail customer to invest in three…
Christopher Steven Coffey, formerly a stockbroker with Allstate Financial Services LLC in Johnson City, Tennessee, has been sanctioned by Financial Industry Regulatory Authority (FINRA). On October 29, 2024, FINRA alleged that Coffey forged customer signatures on two variable annuity withdrawal forms, violating FINRA Rules 2010 and 4511. These actions resulted in the maintenance of inaccurate…
Jesse D. Krapf, a stockbroker formerly with Spartan Capital Securities LLC in New York, New York, was the subject of a Financial Industry Regulatory Authority (FINRA) regulatory action finalized on October 30, 2024. FINRA found that Krapf violated Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934, as well as FINRA Rules…
Sherwin Edison Sargeant, also known as Sherwin Sargeant, a former stockbroker with Planmember Securities Corporation in Orlando, Florida, has been barred by Financial Industry Regulatory Authority (FINRA), effective November 5, 2024. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023079285701. FINRA launched an investigation into Sargeant regarding undisclosed outside business activities, including potential involvement with…
Independent Financial Group LLC (IFG), based in San Diego, California, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for failing to establish and enforce a supervisory system designed to detect and prevent excessive trading in customer accounts. These failures occurred between July 2020 and December 2022. Additionally, IFG did not fully or promptly respond…
Signet Securities LLC, a Columbus, Ohio-based securities broker dealer, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for failure to supervise. The securities broker dealer, a subsidiary of Signet Capital, primarily sells private placement securities to retail investors and has been a FINRA member since January 2011. Letter of Acceptance, Waiver, and Consent (AWC)…
Concorde Investment Services, based in Ann Arbor, Michigan, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for failing to adequately supervise unsuitable recommendations of alternative investments made to six customers. The investigation focused on the securities broker dealer’s supervision of GPB Capital Holdings LLC (GPB Capital) limited partnership interests from November 2015 to April…
John D. Lowry, of New York, New York, Chief Executive Officer, and Kim M. Monchik, Chief Administrative Officer of Spartan Capital Securities, LLC, were sanctioned by Financial Industry Regulatory Authority (FINRA) for failing to disclose or timely disclose arbitration filings, customer complaints, and financial events on Forms U4 and U5. Spartan Capital Securities received 49…
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…
Donald Norman Rich, of Stamford, Connecticut, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, 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 Rich failed to follow the customer’s instructions when Rich was associated…
Gabriel Ruiz of Roseland, New Jersey, a stockbroker registered with ADP Broker-Dealer Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ruiz failed to comply with FINRA’s request for information and documents in an investigation. Letter of Acceptance, Waiver, and Consent No. 2023077701101 (April 18, 2024)….
James D. Davis Jr. of Columbia, Tennessee, a stockbroker registered with IFP Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $42,000.00 in damages based upon allegations that Davis breached his fiduciary duties and violated securities laws in connection with the…
Jeffrey Wayne Kitchen, of West Chester, Pennsylvania, a stockbroker registered with Edward Jones, 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 Kitchen engaged in “unsuitable trading,” given the customer’s risk tolerance during the time that…
Joseph Samuel Vanelli III, of Ambler, Pennsylvania, a stockbroker registered with Vanderbilt Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Vanelli failed to comply with a FINRA investigation into his potential outside business activities during the time that he was associated with Vanderbilt Securities….
Larry Joseph Michaels, of Orange, California, a stockbroker registered with Crown Capital Securities LP, has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Michaels engaged in discretionary or unauthorized trading, which must be in writing and approved by the member, and…
Lawrence William Waller II, of Atlanta, Georgia, a stockbroker registered with Stonex Securities Inc., formerly Stern Agee 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 $135,000.00 in damages based upon allegations that Waller breached his fiduciary duties…
Margaret Ellen Suite-Arnold (also known as Midge Suite) of China Grove, North Carolina, a stockbroker 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 $14,650.00 in damages based upon allegations that Suite-Arnold did not conduct adequate due diligence…
Mark William Just, of Indianapolis, Indiana, a stockbroker registered with Triad Advisors 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 Just made the unsuitable investment recommendation of real estate investment trusts or REITs…
Michael John Mashak of La Crosse, Wisconsin, 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 compensatory damages based upon allegations that Mashak made the unsuitable investment recommendation of Real Estate Investment Trusts or REITs…
Michael Joseph DiSilvio, of Garden City, New York, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related civil action that was settled for $25,000.00 in damages based upon allegations that DiSilvio approved inappropriate withdrawals from the customer’s account when DiSilvio was associated with Wells Fargo Clearing…
Michael Young Hamilton of Fort Myers, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of an enforcement action initiated by the United States Securities and Exchange Commission in which the regulator is seeking sanctions against Hamilton based upon allegations that Hamilton recommended corporate bonds that were not in his customers’ best interest….
Randall Earl McGill, of Homer Glen, Illinois, 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 $65,000.00 in damages based upon allegations that McGill breached his fiduciary duties, made unsuitable recommendations, violated Securities Exchange…
Robert Leo Luley Jr. of New York, a stockbroker registered with Madison Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Luley failed to respond to the regulator’s requests for information. FINRA Case No. 2018060896201 (October 24, 2023). According to FINRA Public Disclosure, Luley was…
Ronald Michael Reilly (also known as Ron Reilly), from Park City, Utah, a stockbroker registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint filed on March 17, 2022. According to the complaint, Reilly implemented an investment strategy that was inconsistent with the customer’s investment objectives during the period…
Stephen Thomas Kerutis (also known as Steve Kerutis), of Loudon, Tennessee, a stockbroker registered with Cetera Advisers LLC, was the subject of a customer initiated investment related complaint filed on December 7, 2023, in which the customer requested $20,000.00 in damages based upon allegations that Kerutis made misrepresentations of material fact in connection with the…
William Edward Hutchingson, of Flushing, New York, 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 in which the customer requested $100,000.00 in damages based upon allegations that Hutchingson made the unsuitable investment recommendation of Real Estate Invesrment Trusts…
William Henry Weisbrod, of New Jersey, a stockbroker formerly registered with Purshe Kaplan Sterling Investments, Inc., following a bar by Financial Industry Regulatory Authority (FINRA) (November 15, 2023) has had his securities registration revoked by the New Jersey Bureau of Securities because Weisbrod was barred by Financial Industry Regulatory Authority (FINRA) (November 15, 2023). Weisbrod has…
William Vito Romeo (also known as “Doughboy Romeo”) of East Meadow, New York, the President and Chief Executive Officer of RNR Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $115,000.00 in damages based upon allegations that Romeo engaged in…
Leonard Neil Rich (also known as Lenny Rich), of New York, a stockbroker registered with Joseph Gunnar Co. LLC, is the subject of a customer initiated investment related complaint filed on November 21, 2023, in which the customer requested $114,500.00 in damages based upon allegations that Rich engaged in excessive trading in the customer’s account…
Jack Edward Newhouse of Muskegon, Michigan, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on December 27, 2022. The customer requested compensatory damages based upon allegations that Newhouse made unsuitable investment recommendations and misrepresentations in connection with the purchase of variable annuities during…
Randy Carter Cox of Hudson Oaks, Texas, a stockbroker registered with FSC Securities 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 allegations that Cox made the unsuitable investment recommendation of real estate securities or REITs…
Michael Maggiore, of Woodbridge, New Jersey, 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 compensatory damages based upon allegations that Maggiore made the unsuitable investment recommendation of Real Estate Investment Trusts or REITS during…
Richard Ray Miller (also known as Rick Miller), of Shelton, Connecticut, a stockbroker registered with Ameriprise Financial Services, was the subject of a customer initiated investment related complaint that was settled on March 13, 2024, to resolve allegations that Miller sold direct investments, over-the-counter equities, and stocks from the customer’s Ameriprise One account without authorization…
Kevin L. Peters, of Melville, New York, 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 compensatory damages based upon allegations that Peters made the unsuitable investment recommendations of real estate securities during the time…
James Cabourne Blaszyk, of Boca Raton, 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 in which the customer requested $400,000.00 in damages based upon allegations that Blaszyk made unsuitable investment recommendations when Blaszyk was associated with…
Murray Securities Inc., a securities broker dealer headquartered in Tyler, Texas, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) because of non-compliance with regulations intended to protect investors. Letter of Acceptance, Waiver, and Consent No. 2021069350301 (April 8, 2024). The securities broker dealer was also ordered to undertake corrective measures by…
Andrea Ruth Klipfel (also known as Andrea Ruth Camirand), of Paso Robles, 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 $373,888.00 in damages based upon allegations that Klipfel engaged in “unsuitable trading”…
Charles Gyude Bryant III, of Sarasota, Florida, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on September 7, 2023, based upon allegations that Bryant exceeded his discretionary trading authority. This is not the first time that the registration of Bryant has been terminated by a securities broker dealer…
Cynthia S. Beyerlein of Lancaster, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, has been fined and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Beyerlein, in 2021, while registered through an association with Ameriprise, Beyerlein borrowed approximately $190,000 from a firm customer without…
David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…
Dean Steven Jaeger of Elmwood Park, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related complaint filed on May 20, 2022, in which the customer requested $19,874.00 in damages based upon allegations that Jaeger engaged in “unsuitable trading” in stocks during the time that Jaeger…
Dharmesh Virendra Vora an investment advisor representative of Vora Wealth Management PLLC, is the subject of a customer initiated investment related complaint filed on March 20, 2024, in which the customer requested $350,000.00 in damages based upon allegations that Vora provided unsuitable recommendations in structured notes to the Vora Wealth Management PLLC customer. SEC Public…
Hagin Gifford Richeson of Clearwater, Florida, a stockbroker registered with Corinthian Partners LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $9,000,000.00 in damages based upon allegations that Richeson failed to perform adequate due diligence in connection with the sale of preferred…
James Franklin Shenk of Glen Rock, Pennsylvania, a stockbroker registered with Realta Equities Inc., formerly known as Coastal Equities, Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $215,000.00 in damages based upon allegations that Shenk made the unsuitable investment recommendation of…
James Robert Reynolds of Minneapolis, Minnesota, a stockbroker registered with Northland Securities Inc., 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 Reynolds made the unsuitable investment recommendation of non-traded Real Estate Investment Trust (“REITs”) or…
John Douglas Engler Sr. of Martinez, Georgia, 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 Engler failed to testify in a FINRA investigation into allegations of misappropriation during the time that he was associated with Ameriprise Financial Services…
Joshua R. Cook of Vernal, Utah, a stockbroker registered with LPL Financial LLC, has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cook engaged in forgery and maintained inaccurate firm records at LPL Financial LLC. Letter of Acceptance, Waiver, and Consent…
Juan Carlos Sosa of Studio City, California, a stockbroker registered with SagePoint Financial Inc. (now known as Osaic Services Inc.), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sosa engaged in the unauthorized transfer and use of customer funds during the time that he was associated with…
Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, 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 breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the…
Kyle Benjamin Baker, of Wheaton, Illinois, a stockbroker registered with First Trust Portfolios LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Baker failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2020066123601 (April 8, 2024). According to the AWC, on…
Lamont Adrian Chandler, of Prairie Village, Kansas, a stockbroker registered with Madison Avenue Securities 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 Chandler made the unsuitable investment recommendations of direct investments when Chandler was…
Larry Christos Sfinas, of Southampton, Pennsylvania, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint that was settled on July 22, 2022, to resolve allegations that Sfinas made unsuitable investment recommendations in stocks during the time that Sfinas was associated with Securities America Inc. This is not…
Lawrence Michael Margolin (also known as Lawrence Maroglin), of Boca Raton, 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 $14,900.00 in damages based upon alleged gross negligence, fraud, breach of fiduciary duty, unsuitable…
Leslie Howard Kern (also known as Les Kern), of Wilmington, North Carolina, a stockbroker registered with DH Hill Securities LLLP, 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 Kern made unsuitable recommendations in asset-backed…
Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James 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 $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made…
Michael Scott Barrows, of Irvine, California, a stockbroker registered with Accelerated Capital Group, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $1,035,360.46 in compensatory damages because Barrows was held liable on the customer’s claims which included violation of federal securities…
Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously registered with Cambridge Investment Research 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. The claim is based on allegations that Blake recommended an unsuitable real estate security…
Robert Spaulding Gleason Jr., of Boston, Massachusetts, a stockbroker registered with Cantella Co. 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 Gleason engaged in excessive trading during the time that he was associated with Cantella Co. Inc. Letter of…
Robert Steven Meyer, of Point Pleasant Beach, New Jersey, 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 Meyer refused to appear for testimony in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2022076459306 (April 9, 2024)….
Toria Noelle Briggs (also known as Toria Scotto), of Washington, D.C., 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 settled for $160,000.00 in damages. The claim alleged that Briggs failed to disclose liquidity limitations and certain selling-related…
Valence Montgomery Williams, of New York, New York, a stockbroker registered with J.H. Darbie Co. Inc., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Williams engaged in unauthorized trading and mismarking of trade records. Letter of Acceptance, Waiver, and Consent…
John Luis Torres (also known as Juan Luis Torres), of Woodland Hills, California, a stockbroker registered with JP Morgan Securities LLC, was the subject of a customer initiated investment related civil action that was settled for $1,200,000.00 in damages based upon allegations that Torres aided and abetted a $1.85 million theft during the time that…
James Arthur Schwarz, of Short Hills, New Jersey, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related complaint filed on September 12, 2023. In this complaint, the customer requested compensatory damages based upon allegations that Schwarz made the unsuitable investment recommendations of over-the-counter equities and caused the…
Lina Maria Garcia, of Miami Florida, a stockbroker formerly registered with Insigneo Securities 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 Garcia overconcentrated the investor’s accounts in speculative securities and made unsuitable investment recommendations….
William Frederick Fox (also known as Bill Fox and Billy Fox), of Austin, Texas, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related “complaint” that was settled for $8,000.00 in damages on November 23, 2022, based upon alleged “poor performance in direct investments and real estate securities” recommended…
David Edward Spellman, of San Antonio, Texas, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related “complaint” filed on October 18, 2023, in which the customer requested $250,000.00 in damages based upon allegations that Spellman engaged in “deceptive trade practices” and violated Texas law in connection with…
Dawson James Securities Inc., a securities broker dealer headquartered in Boca Raton, Florida, has been censured and fined $500,000.00 by Financial Industry Regulatory Authority (FINRA) because the company and its CEO, Robert Dawson Keyser Jr., failed to preserve business-related text messages and failed to supervise certain representatives in connection with due diligence on private placements….
Fernando Corcuchia, of San Francisco, California, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Corcuchia failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023078612801 (April 12, 2024). On May 12, 2023, NYLife filed…
Thomas James Baumann, of New York, New York, a stockbroker previously registered with Spartan Capital Securities LLC, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA), where the regulator is seeking sanctions against Baumann based upon allegations that Baumann failed to comply with an investigation into allegations of his…
Randall Alan Heller (also known as Randy Heller), of Oak Lawn, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heller refused to cooperate with a FINRA investigation about the reason his stockbroker registration was terminated by Ausdal…
Andre Krause of Woodbridge, New Jersey, a stockbroker registered with The Investment Center Inc., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Krause mismarked trades to falsely indicate they were unsolicited or placed by the customers on their own initative…
Brian Arthur Salerno of Lake Mary, Florida, a stockbroker registered with CNR Securities LLC and investment advisor representative of City National Rochdale LLC, has been ordered to pay a fine of $45,500.00 by Florida Office of Financial Regulation because Salerno gave investment advice in Florida without being registered by the regulator. Case No. 116642-SR (October…
Brian Keith Jones of Pilot Grove, Iowa, a stockbroker registered with Cambridge Investment Research Inc., has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jones was “selling away.” Letter of Acceptance, Waiver, and Consent, No. 2023078431201 (March 27, 2024). According to…
Christopher Mack Watkins of Farmington, Utah, the President of Watkins Financial Services Inc. (WFS), has been fined $15,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Watkins charged unfair commissions to customers. Letter of Acceptance, Waiver, and Consent, No. 2021069366201 (March 28, 2024). According…
Craig Lee Carson (also known as C. Chance Carson), of Colorado Springs, Colorado, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $701,211.32 in damages based upon allegations that Carson breached his fiduciary duties,…
Daniel James Egbert (also known as Daniel James Egberg), of Raleigh, North Carolina, 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 $160,000.00 in damages based upon allegations that Egbert failed to disclose selling restrictions…
Dax Aaron Seale (also known as Dax Seale), of Dallas, Texas, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related civil action that was settled for $9,500.00 in damages based upon allegations that Seale engaged in unsuitable trading and “reverse churning,” when Seale was associated with Raymond…
Donald Jeffrey Dever (also known as Jeff Dever), of West Palm Beach, Florida, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 1, 2023, for $94,373.73 in damages based upon allegations that Dever failed to follow the customer’s instructions regarding the…
Edward Dale McCombs of Whitehall, Michigan, a stockbroker registered with PNC Investments, is the subject of a customer initiated investment related complaint filed on October 12, 2023, in which the customer requested $26,120.95 in damages based upon allegations that McCombs did not correctly explain life insurance contract fees and features and had made the unsuitable…
Emily Jean Smith (also known as Emily Jean Hinton), of Vero Beach, Florida, a stockbroker registered with Raymond James Financial Services Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith reused customer signatures and altered customer documents. Letter of…
Jack W. Yvars of Concord, New Hampshire, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $104,624.00 in damages based upon allegations that Yvars made the unsuitable investment recommendation of certain mutual funds when Yvars…
Jae Hun Kim (also known as J.H. Kim), of Cortlandt Manor, New York, a stockbroker registered with E1 Asset Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kim failed to provide the regulator with requested information and documents during an investigation into a customer…
James Brett Stuart of Castle Rock, Colorado, a stockbroker previously registered with Richfield Orion International Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to create and implement a supervisory system designed to comply with securities laws and FINRA rules; he failed to supervise stockbrokers’…
John Jude Butler of Ocala, Florida, a stockbroker previously 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 Butler engaged in outside business activities and failed to report related compensation from a Prudential customer. Letter of…
Michael Stephen Myers of Portland, Oregon, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on August 9, 2022, for $15,000.00 in damages based upon allegations that Myers made unsuitable investment recommendations resulting in adverse tax consequences to the customer when Myers was associated…
Johnathan Paul Hagood, of Los Angeles, California, 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 Hagood failed to respond to FINRA requests for information. FINRA Case No. 2023077635001 (January 8, 2024). On October 3, 2023, FINRA initiated…
Louis Joseph Pellegriti, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $500,000.00 in damages based upon allegations that Pellegriti breached his fiduciary duties, engaged in churning, made misrepresentations of…
Juan Manuel Ramos of Downey, 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 Ramos recommended illiquid real estate securities with declining values and high fees when…
Mark W. Manning, of Fishkill, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Manning failed to comply with FINRA requests for documents and information in an investigation into a complaint. Letter of Acceptance, Waiver, and Consent, No….
Matthew James Chimento, of Alpharetta, Georgia, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chimento failed to cooperate with FINRA’s investigation into allegations that he transferred funds out of a customer’s account into an account for his benefit without customer…
Richard Glenn Shaw (also known as Rick Shaw), of Scottsdale, Arizona, a stockbroker 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 $25,000.00 in damages based upon allegations that Shaw made the unsuitable investment recommendation of certain…
Richard Lance Belline, of Rogers, Arkansas, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on December 18, 2023, in which the customer requested $64,781.68 in damages based upon allegations that Belline overcharged advisory fees when Belline was associated with Equitable Advisors LLC. It is uncertain…
Robert Carl Ruff (also known as Bob Ruff), of Toledo, Ohio, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on July 20, 2023, in which the customer requested compensatory damages based upon allegations that Ruff made misrepresentations of material fact in connection with the…
Todd Arnold Havemeister, of Melbourne, Florida, a stockbroker formerly registered with Great Point Capital LLC, has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Havemeister made misleading communications to investors. Letter of Acceptance, Waiver, and Consent, No. 2022074921901 (March 19, 2024)….
Sean Burr of West Hills, 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 $298,000.00 in damages based upon allegations that Burr made unsuitable recommendations in speculative and illiquid real estate securities and corporate…
Robert Nelson Rasbach, of Westport, Connecticut, a stockbroker registered with David Lerner Associates 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 Rasbach made unsuitable investment recommendations and made misrepresentations and omissions of material…
Gary William Holland, of Leominster, Massachusetts, a stockbroker registered with Cetera Advisor Networks LLC, is the subject of a customer initiated investment related complaint filed on September 5, 2023, in which the customer requested compensatory damages based upon allegations that Holland supposedly failed to follow instructions in connection with the sale of mutual funds when…
M1 Finance LLC, a securities broker dealer headquartered in Chicago, Illinois, has been censured and fined $850,000.00 by Financial Industry Regulatory Authority (FINRA) because it engaged influencers to promote its trading services through social media in a manner that violated regulatory standards aimed at ensuring fair, balanced, and transparent communication with the public; and it…
Paul Francis Trimber, of Alexandria, Virginia, 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 Trimber failed to cooperate in a FINRA investigation into whether he potentially made “unauthorized transfers of customer funds” to recipients outside of the…
Joey Dale Miller, of Lake Oswego, Oregon, a stockbroker registered with Arete Wealth Management LLC, has been discharged by the securities broker dealer on October 11, 2023, based upon allegations that Miller was not forthcoming during an internal investigation. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Miller was also referenced in a customer…
John H. Klaasen IV, of Hayden Lake, Idaho, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Klaasen supposedly failed to follow instructions regarding the purchase of certain securities from…
John Sebastion Cangialosi Jr., of New York, NY, a stockbroker registered with SW Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cangialosi failed to cooperate with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2022075928701 (March 6, 2024)….
Julie Anne Darrah (also known as Julie Banuelos), of Orcutt, California, a stockbroker registered with Mutual Securities Inc. and President of Vivid Financial Management Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Darrah based upon allegations that Darrah defrauded her…
Kyle Michael Wool, of New York, New York, 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 $50,000.00 in damages based upon allegations that Wool engaged in unauthorized trading in stocks during the time that Wool was…
Lacey Elizabeth Buteyn (also known as Lacey Elizabeth DePue), of Plano, Texas, a stockbroker registered with Level Four Financial LLC, was permitted to resign on November 3, 2023, based on allegations that Buteyn violated regulatory standards in connection with the sale of variable annuities. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally shows that on…
Lawrence Richard Brockman, of Poland, Ohio, a stockbroker registered with Moors Cabot Inc., has been fined $20,000.00 and suspended for 22 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brockman borrowed money from a customer against Moors Cabot Inc. policies. Letter of Acceptance, Waiver, and Consent No. 2022076528901…
Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with an investigation into allegations of his potential misappropriation of funds. Letter of Acceptance,…
Michael Joseph Valenta (also known as Mike Valenta), of Westminster, Colorado, a stockbroker registered with Cambridge Investment Research Inc., 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 Valenta recommended direct investments and oil and gas…
Rakesh Raj Bansal (also known as Rakesh Ransal), of Princeton, New Jersey, a stockbroker registered with NYLIFE Securities LLC, is the subject of a customer initiated investment related complaint filed on October 20, 2023, in which the customer requested compensatory damages based upon allegations that Bansal made the unsuitable investment recommendation of variable annuities when…
Reuben Lamont Brown, of Southlake, Texas, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brown failed to testify in a FINRA investigation into allegations of his potential selling away or engaging in private securities transactions during the time that he…
Richard Alan Foss (also known as Dick Foss), of Fort Lauderdale, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 4, 2023, in which the customer requested compensatory damages based upon allegations that Foss supposedly engaged in theft when Foss was associated…
Rodney Otis Kumlien, of Verona, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 7, 2023. In this complaint, the customer requested compensatory damages based upon allegations that Kumlien made the unsuitable recommendation of variable annuities during the time that Kumlien was…
Sally Ann Weger (also known as Sarah Ann Weger), of Palm Beach Gardens, Florida, 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 $350,000.00 in damages based upon alleged unauthorized withdrawals from an individual retirement account during…
Susan Regina Coriale (also known as Susan Coriale-Seweryn), of Princeville, Hawaii, a stockbroker registered with GWN Securities Inc., is the subject of a customer initiated investment related complaint filed on October 17, 2023, in which the customer requested $264,205.00 in damages based upon allegations that Coriale made unsuitable investment recommendations to the customer. According to…
Thomas Bradley Kintz, of Boynton Beach, Florida, a stockbroker registered with Benjamin F. Edwards Company Inc., 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 Kintz engaged in unauthorized trading during the time that he was associated with Benjamin F. Edwards…
Trey Andrew Toifel, of Mobile, Alabama, 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 in which the customer requested compensatory damages based upon allegations that Toifel recommended overly concentrated investments in structured bank notes during the time that…
Yong Seok Chang, of Seattle, Washington, 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 $45,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded real estate investment trusts (REITs) when…
Joshua Lofton Baker (also known as Joshua Baker Ford), of Hoover, Alabama, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on November 7, 2023, based upon allegations that Baker was the subject of customer complaints alleging sales practice violations in connection with the sale of whole life insurance and variable…
Jason Lawrence Mieras, of Lake Como, New Jersey, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related complaint filed on July 21, 2023, in which the customer requested $250,000.00 in damages based upon allegations that Mieras made the unsuitable investment recommendation of certain “stocks” when Mieras…
Todd Mathew Bruns, of Folsom, California, a stockbroker registered with Edward Jones, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $54,403.62 in damages based upon allegations that Bruns failed to follow the customer’s directives of liquidating funds and placing them in…
Joseph C. DeSapio, of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because DeSapio engaged in excessive and unsuitable trading in customer accounts and borrowed money from a customer. Letter of Acceptance,…
Jack Robert Thacker Jr. (also known as J.R. Thacker) of Bristol, Virginia, a stockbroker 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 $200,000.00 in damages based upon allegations that Thacker engaged in the unsuitable recommendation…
Howard Jeffrey Douglas, of Woodbury, New York, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on September 27, 2023, in which the customer requested compensatory damages based upon allegations that Douglas made the unsuitable investment recommendation of in variable annuities when Douglas was associated with…
Harry John Buckman Jr. (also known as Chip Buckman), of Little Silver, New Jersey, the senior vice president at Buckman Buckman & Reid Inc. and Chief Executive Officer (CEO) and Chief Investment Officer (CIO) of Buckman Advisory Group LLC, has been ordered by the United States Securities and Exchange Commission to cease and desist from…
Glenn J. Romer, of Vero Beach, Florida, a stockbroker 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 $100,000.00 in damages based upon allegations that Romer made unsuitable recommendations in GWG Class L Bonds during the…
Eugene Cebron Thompson IV (also known as Bron Thompson), of Dunn, 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 $200,000.00 in damages based upon allegations that Thompson breached his fiduciary duties,…
Donna Maria Seymour (also known as Donna Maria Pastorik), of Winter Haven, Florida, 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 $150,000.00 in damages based upon allegations that Seymour made unsuitable recommendations and breached…
Christina Marie Silvius (also known as Christina Marie Lomas), of Kansas City, 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 $320,000.00 in damages based upon allegations that Silvius made unsuitable recommendations in…
Albert Anthony Bevilacqua III (also known as Tony Bevilacqua), of Boca Raton, Florida, 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 $200,000.00 in damages based upon allegations that Bevilacqua made unsuitable recommendations in…
Alexander Arango (also known as Alexander Arango Burkatkaya), of Dania, Florida, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related complaint filed on December 20, 2023. In this complaint, the customer requested damages based on allegations that Arango made misrepresentations of material fact and unsuitable recommendations in…
Armando G. Roman, of Scottsdale, Arizona, 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 Roman made the unsuitable investment recommendation of real estate investment trusts (REITs)…
Arun Kumar Aggarwal, of Raleigh, North Carolina, a stockbroker registered with Morgan Stanley, 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 Aggarwal exercised discretion in a customer’s account and caused inaccurate recordkeeping at the securities broker dealer. Letter of Acceptance,…
Barbara Jean Borowsky, of Rome, 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 where the customer requested more than $100,000.00 in damages based upon allegations that Borowsky failed to conduct reasonable due diligence on direct investments (DPPs…
Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate…
Cary Joel Cowan Sr., of Saint Augustine, Florida, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related complaint filed on October 30, 2023. The customer requested compensatory damages based on allegations that Cowan did not identify excess annual withdrawals, leading to an unexpected reduction of guaranteed benefit…
Cheryl Diane Richardson (also known as Cheryl Diane Johnson), of Freeport, Illinois, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint filed on October 12, 2023. In this complaint, the customer requested $415,000.00 in damages based upon allegations that Richardson misrepresented material facts in connection with…
Christopher Steven Coffey, of Johnson City, Tennessee, a stockbroker registered with Allstate Financial Services LLC, has been discharged by the securities broker dealer on December 15, 2023, based upon allegations that Coffey submitted variable annuity withdrawal forms containing non-genuine signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Coffey is referenced in three customer…
Corey James Walker, of Manchester, New Hampshire, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been suspended and fined $12,500.00 by New Hampshire Insurance Department because Walker engaged in unapproved solicitations. Case No. INV2022-0002 (September 18, 2023). Walker, while associated with Northwestern Mutual Investment Services LLC, was involved in sending mass solicitation emails…
Daniel Benjamin Kistler, of Rome, 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 $100,001.00 in damages based upon allegations that Kistler failed to conduct due diligence and made the unsuitable investment recommendation…
Edward Terral Hill (also known as Ed Hill), of West End, North Carolina, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on October 2, 2023. In this complaint, the customer requested $20,805.24 in damages based upon allegations that Hill failed to follow instructions in connection…
Guy Anthony Harrigan, of Boulder, Colorado, a stockbroker registered with Lion Street Financial 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 Harrigan made the unsuitable investment recommendation of direct investments when Harrigan was…
James Brett Stuart, of Castle Rock, Colorado, a stockbroker and securities principal registered with Richfield Orion International Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Stuart based upon allegations that Stuart failed to supervise certain representatives to ensure suitability…
Jeffry Neal Carel, of Edmond, Oklahoma, a stockbroker formerly registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related complaint filed on February 7, 2024, in which the customer requested $40,000.00 in damages based upon allegations that Carel made unsuitable investment recommendations when Carel was associated with J.P. Morgan Securities…
Jorge Hernandez, of Glendora, California, a stockbroker registered with Gradient Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to comply with a FINRA investigation into allegations referenced in a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078870201 (October 9, 2023)….
Karen Degro, of Boca Raton, Florida, a stockbroker formerly registered with UBS Financial Services Inc., was ordered to cease and desist and pay a $5,000.00 fine by Florida Office of Financial Regulation because Degro gave investment advice without being registered by the regulator. Case No. 117539-SR (February 20, 2024). Financial Industry Regulatory Authority (FINRA) Public…
Keith Harold Offel, a stockbroker registered with Cambridge Investment Research Inc. in Placentia, California, was the subject of a customer initiated investment related complaint filed on September 7, 2023. The customer requested $70,224.00 in damages based upon allegations that Offel supposedly failed to follow the customer’s “conservative” investment objectives during the time that Offel was…
Kurt Charles Jackson, of San Luis Obispo, California, a stockbroker formerly associated NFP Advisor Services LLC (also known as Kestra Investment Services LLC), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $375,000.00 in damages based upon allegations that Jackson made unsuitable recommendations…
Kyung H. Song, of East Hills, New York, a stockbroker registered with MML Investors Services LLC, has been permitted to resign on November 8, 2023, based upon allegations that Song engaged in securities-related activity with a perspective customer in violation of firm policy. The securities broker dealer also reported allegations of Song defrauding the customer…
Lori Fleischhacker Copeland, of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Copeland did not cooperate with a FINRA investigation into allegations of her alleged outside business activities. Letter of Acceptance, Waiver, and Consent No. No….
Lucas R. Mroz (also known as Luke Mroz), of Chicago, Illinois, a stockbroker registered with Morgan Stanley, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mroz made unauthorized transactions during the time that he was associated with Morgan Stanley. Letter…
Luke Foster Lannister (also known as Lucas Foster Seward), of Rockville, Maryland, a stockbroker registered with Grove Point Investments LLC, has been discharged by the securities broker dealer on November 28, 2023, based upon allegations that Lannister charged excessive commissions and engaged in unauthorized trading in stocks. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows…
Mark Bedros Beloyan, of Davie, Florida, a stockbroker and securities principal formerly registered with Tradespot Markets Inc., has been fined $60,000.00, suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, and ordered to pay disgorgement because he failed to supervise certain representatives and engaged in unauthorized transactions…
Michael Christopher McFeeley, of York, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $82,992.32 in damages based upon allegations that McFeeley made unsuitable investment recommendations in oil and gas investments during the time…
Michael Craig Brickman, of Paramus, New Jersey, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brickman failed to cooperate with a FINRA investigation into allegations that he accepted personal checks from a customer. Letter of Acceptance, Waiver, and Consent…
Philip Michael Connors, of Point Pleasant Beach, New Jersey, 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 he failed to comply with the regulator during an investigation into his trading in customer accounts while he was registered with…
Robert Logan Jones (also known as Bob Jones), of Kissimmee, Florida, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with the regulator during its investigation into allegations his potential unauthorized trading and use of unauthorized communication…
Ronnie Lynn Cochran, of Blacksburg, Virginia, a stockbroker registered with NYLIFE Securities LLC, is the subject of a customer initiated investment related complaint filed on July 24, 2023. In this complaint, the customer alleged that Cochran made the unsuitable recommendation of variable annuities when Cochran was associated with NYLIFE Securities LLC. The complaint alleges that…
Stephen James Sperling, based in Palatine, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested $500,000.00 in damages. The claim alleged that Sperling promised the customer a 6.5 percent return on investment and…
Tamara Ann Glenn (also known as Tamara Dawson, Tamara Gallegos, Tamara Haselby, and Tamara Langham), of East Lansing, Michigan, a stockbroker registered with Essex National Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $35,000.00 in damages based upon allegations…
LPL Financial LLC, a securities broker-dealer headquartered in Fort Mill, South Carolina, has been censured and fined $5,500,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise direct business transactions, provided false information to customers regarding mutual fund switch transactions, and failed to supervise Business Development Company (“BDC”) transactions. Letter of Acceptance,…
Brian C. Shevland of Wayne, Pennsylvania, a stockbroker registered with MCG Securities LLC, or Merion Capital Group, has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shevland made misrepresentations of material fact to investors. Letter of Acceptance, Waiver, and Consent No….
Brian Keith Shey (also known as Brian Keith Palinkas), of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shey failed to publicly disclose that he was charged with fraud….
Chuck A. Roberts of New York, New York and Miami Beach, Florida, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000,000.00 in damages based upon alleged negligence, breach of fiduciary duty,…
Brett Arthur Hartvigson, of San Diego, California, a stockbroker registered with Independent Financial Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hartvigson failed to cooperate with an investigation into a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078455601 (February 5, 2024). According…
David Victor Tall (also known as Dave Tall), of Costa Mesa, California, a stockbroker formerly registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tall failed to cooperate with an investigation into allegations of his execution of promissory notes away from the…
Edward Steven Mercer (also known as Ed Mercer), of Coral Springs, Florida, 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 he failed to cooperate with the regulator in connection with its investigation into a customer’s investment in a…
Eric Brian Kleiner of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on July 13, 2023. The customer requested $300,000.00 in damages based upon allegations that Kleiner made unsuitable investment recommendations in exchange traded funds when Kleiner was associated with Morgan Stanley….
Eric Gustav Kuchherzki (also known as Eric Kuchherski), of Burlingame, 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 $28,000.00 in damages on January 15, 2024. The claim alleges that Kuchherzki made unsuitable invstment recommendations…
Grant Douglas Johnson of Boca Raton, Florida, a stockbroker registered with Noble Capital Markets Inc., has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson participated in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076763001 (February 8, 2024)….
Hector Jesus Hernandez, of Shavano Park, Texas, a stockbroker registered with Money Concepts Capital Corp, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his potential failure to disclose an “outside business activity” while associated with Money Concepts Capital…
James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., 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 Mariani breached a contract, engaged in unsuitable trading, breached his fiduciary duties, and was…
Jeffrey T. Kennedy of Quincy, Illinois, a stockbroker 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 $99,999.00 in damages based upon allegations that Kennedy made the unsuitable investment recommendation of alternative investments when Kennedy was…
Jeffrey Wayne Davidson of Austin, Texas, a stockbroker registered with Equitable Advisors LLC, has been fined $15,000.00 and suspended for 21 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Davidson engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2022073948401 (February 16,…
Jilena Yuen-Han Mok (also known as Jilena Yuenhan Mok and Yuen Han Mok), of San Francisco, California, a stockbroker registered with Edward Jones., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mok engaged in unauthorized trading in customer accounts. Letter…
John Michael Fagan of St. Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fagan failed to cooperate with an investigation into a customer complaint. Letter of Acceptance, Waiver, and Consent No. 2023078766801 (November 6, 2023)….
Keith Michael Curtis, of Tampa, Florida, a stockbroker registered with Aegis Capital Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Curtis failed to comply with the regulator’s requests during its investigation into allegations of Curtis’ possible conversion or misappropriation of funds. Letter of Acceptance, Waiver,…
Kirk James Crossen of Carmel, Indiana, a stockbroker registered with Raymond James Associates Inc., has been discharged by the securities broker dealer on October 31, 2023, based upon allegations that Crossen was not forthcoming during the securities broker dealer’s inquiry into a loan from Crossen’s customer at a prior firm. Public Disclosure also shows that…
Kurt Douglas Cambier, of Littleton, Colorado, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $67,500.00 in damages based upon allegations that Cambier made unsuitable investment recommendations in real estate securities and direct investments (DPPs…
Lei Shen (also known as Peter Shen), of Orange, 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 $1,500,000.00 in damages based upon allegations that Shen made unsuitable investment recommendations and overconcentrated accounts in business…
Marion Leopold Leonberger Jr. (also known as Sonny Leonberger), of Louisville, Kentucky, a stockbroker previously registered with American Equity Investment 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. The claim alleged that Leonberger made unsuitable recommendations in…
Matt Ward (also known as Matt Adeywardena and Abeywardena Ward), of Santa Monica, California, a stockbroker registered with Alliance Global Partners, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ward engaged in unauthorized trading during the time that he was associated with Alliance…
Matthew E. Loverine of Milwaukee, Wisconsin, a stockbroker registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related complaint filed on March 11, 2023, in which the customer requested compensation based upon allegations that Loverine made misrepresentations of material fact and made the unsuitable recommendation of certain variable annuities during the…
Patrick Michael Mendenhall of Houston, Texas, a stockbroker registered with USCA Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Mendenhall engaged in unsuitable trading and failed to supervise certain representatives in connection with…
Roy Chuck Waugh of Lawton, Oklahoma, 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 $15,000.00 in damages based upon allegations that Waugh did not change the beneficiaries on a customer’s account according to the…
Shane Michael DeSherlia of Jerseyville, Illinois, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that DeSherlia made unsuitable investment recommendations and was negligent in connection with the sale…
Peter Thomas Lawrence of Hauppauge, NY, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related complaint filed on January 25, 2024, in which the customer requested compensation based upon allegations that Lawrence forged signatures in connection with a variable annuity sale in 2023 when Lawrence was…
Stewart Ginn (also known as Stewart Taylor and Paxton Ginn Jr.), of Santa Maria, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) Complaint in which the regulator is seeking sanctions against Ginn based upon allegations that Ginn churned customer accounts. Department of Enforcement v….
Thomas Burgess Hamlin of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $108,000.00 in damages based upon allegations that Hamlin made unsuitable investment recommendations of iCap Equities private placements when Hamlin was…
Alfred Sietze Vanderlaan (also known as Al Vanderlaan), of Watertown, South Dakota, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations that Vanderlaan violated state securities…
Scott Jason Lee of Cold Spring, Minnesota, a stockbroker formerly 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 allegations that Lee made unsuitable investment recommendations and was negligent in connection…
David Leslie Arlein of Boca Raton, Florida, a stockbroker registered with Cabot Lodge Securities LLC, 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 Arlein was negligent, made misrepresentations of material facts, breached a contract, breached his fiduciary duty,…
Edward Joseph Barfield of Kirkwood, Missouri, a stockbroker registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related complaint filed on July 18, 2023, in which the customer requested $292,000.00 in damages based upon allegations that Barfield made unsuitable recommendations in life insurance products when Barfield was associated with Geneos…
Estevao Dias Semedo of Brockton, Massachusetts, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Semedo did not comply with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023078507801 (December 4, 2023). FINRA’s…
Forrest Addington Wester of Midland, Texas, 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 Wester refused to provide information and documents requested by the regulator in an investigation into his possible misappropriation of funds from customers. Letter…
Garrett Wayne Moretz of Mooresville, North Carolina, a stockbroker registered with LifeMark Securities Corp., 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. The claim alleged breach of fiduciary duty, unsuitable investment recommendations, misrepresentation and omissions of material facts, negligence,…
James Ahern of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $57,750.43 in compensatory damages because Ahern and Laidlaw Company (UK) Ltd. were held liable on the customer’s…
Joao Amorim Pinto of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pinto engaged in unsuitable trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018056490307 (November 21, 2023)….
Christina Dawn Peterman (also known as Christina Dawn Heighton, Christina Dawn Knippers, and Christina Dawn Lay), of Greensboro, North Carolina, a stockbroker registered with Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Peterman failed to comply with the regulator’s investigation concerning her…
Daniel Abraham Santos a stockbroker formerly registered with PFS Investments Inc. in Lancaster, Pennsylvania, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Santos failed to respond to the regulator’s requests for information regarding his outside business activities. FINRA Case No. 20220739513011 (August 25, 2023). According to…
John Aloysius Dougherty of Blue Bell, Pennsylvania, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dougherty failed to provide information and documents requested in connection with FINRA’s investigation into his potential private securities transactions and outside business activities. Letter…
Kimberly Ann Carson (also known as Kimberly Beveridge) of San Jose, California, a stockbroker previously registered with SCF Securities 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 Carson “borrowed” customer funds. Letter of Acceptance, Waiver, and Consent No. No….
Lucas R. Hales of Austin, Texas, a stockbroker registered with Virtu Americas LLC, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hales engaged in selling away or private securities transactions totaling $3,000,000.00 without notifying his firm. Letter of Acceptance, Waiver,…
Luke Michael Johnson of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., has been fined $15,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson made unsuitable recommendations to customers. Department of Enforcement v. Luke Johnson, Order Accepting Offer of Settlement No. 2019061213402…
Michael Archimede of Waukesha, Wisconsin, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Archimede refused to provide information and documents and to appear for testimony concerning his potential borrowing of customer funds. Letter of Acceptance, Waiver, and Consent No….
Nancy Ellen Cole also known as Nancy Ellen Hall, of Sacramento, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $72,000.00 in damages based upon allegations that Cole made misrepresentations of material fact in connection with the sale…
Nir Regev Kragnes of Saint Louis, Missouri, a stockbroker registered with DFPG Investments LLC, was the subject of a customer initiated investment related complaint that was settled on July 17, 2023, for $278,680.61 in damages based upon allegations that Kragnes made unsuitable recommendations in illiquid real estate securities during the time that Kragnes was associated with…
Oscar Lee Harrison II of Fremont, California, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 22, 2021. In this complaint, the customer requested $100,000.00 in damages based upon allegations that Harrison “refused” to execute an order to purchase 1,000 shares of ERI stocks…
Patrick Noel Thayer of Lebanon, Ohio, a stockbroker previously registered with LPL Financial LLC and Parkland Securities LLC and owner of Broadway Financial Solutions, has been permanently barred by Securities and Exchange Commission (SEC) from associating with any investment adviser, broker, dealer, or other related entities and from participating in any penny stock offerings, because…
Rene’ Tapia Espinoza of Scottsdale, Arizona, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on July 20, 2023. The customer requested $13,871.90 in damages based upon allegations that Espinoza made misrepresentations of material facts in connection with the sale of variable annuities while associated…
Robert Alan Eisenberg of Vienna, Virginia, a stockbroker registered with Lincoln Financial Advisors Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $27,663.88 in damages based on allegations that Eisenberg made unsuitable investment recommendations in oil and gas investments during the time that Eisenberg was associated…
Robert Lee Golding of Alpena, Michigan, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Golding did not cooperate with a FINRA investigation into allegations of his potential forgery. Letter of Acceptance, Waiver, and Consent No. 2022076240401 (November 27, 2023)….
Seth Gordon Mason of Grand Rapids, Michigan, a stockbroker previously registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested compensatory damages based upon allegations that Mason engaged in unsuitable trading in the customer’s account from 2017 to…
Shawn Spellacy of Fair Oaks, California, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $719,415.00 in damages based upon allegations that Spellacy made unsuitable recommendations in stocks during the time that Spellacy was associated with Calton Associates Inc….
Stephen Curtis Lawler Jr. of Dunlap, Illinois, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages. The claim alleged that Lawler made omissions of material fact and unsuitable recommendations in real estate securities and direct investments during…
Thomas Joseph Livaccari of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint that was settled on April 25, 2023, for $75,000.00 in damages. The complaint alleged that during Livaccari’s association with UBS Financial Services Inc., he made misrepresentations of material fact…
Timothy Harold Judson of McLean, Virginia, a stockbroker registered with Osaic Wealth Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages between $100,000.00 and $500,000.00 based upon allegations that Judson made unsuitable recommendations in direct investments during the time that Judson was associated with…
Tory A. Duggins of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Duggins engaged in excessive trading and failed to report a customer complaint. Letter of Acceptance, Waiver, and Consent No….
Troy Allen Orlando of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Orlando engaged in excessive and unsuitable trading in customer accounts. Letter of Acceptance, Waiver, and Consent No….
Willie Joseph Rosser Sr. of Atlanta, Georgia, a stockbroker registered with Pruco Securities LLC, has been fined $5,000 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rosser borrowed customer funds. Letter of Acceptance, Waiver, and Consent No. 2022074772401 (January 30, 2024). In 2021, Pruco…
Scott William Norvell of Omaha, Nebraska, a stockbroker registered with Cetera Advisors LLC and LPL Financial LLC, has been fined $10,000 and suspended for 2.5 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Norvell made misrepresentations of material fact in connection with annuity exchanges . Letter of Acceptance,…
Anthony Joseph Cantone (also known as A.J. Cantone), of Eatontown, New Jersey, the former Chief Executive Officer of Cantone Research Inc., has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Cantone refused to provide testimony as requested by the regulator in an investigation into his…
Austin Richard Dutton Jr., of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Dutton based upon allegations that Dutton made unsuitable investment recommendations and falsified customer documents. Department of Enforcement v….
Brad Curtis Brooks of Plano, Texas, a stockbroker registered with Titan Securities, has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he made negligent misrepresentations and omissions to customers concerning private placements during the time that he was associated with Titan Securities….
Cladius Olaniran Tokunboh, of Lewisville, Texas, a stockbroker previously registered with TIAA-CREF Individual and Institutional Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tokunboh failed to provide testimony when the regulator investigated his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….
Alexandria Bovee (also known as Alexandria Montgomery), of Sumter, South Carolina, a stockbroker formerly registered with Edward Jones, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Bovee refused to testify in an investigation into whether she violated federal securities laws or FINRA rules in…
Dana Matthew Hawkins, of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $11,250.00 in damages based upon allegations that Hawkins breached his fiduciary duty and misrepresented material facts in connection with the sale of corporate bonds,…
Daniel Keith Beech of Charlotte, North Carolina, a stockbroker registered with Innovation Partners LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beech based upon allegations that Beech improperly paid commissions to an unregistered person. Department of Enforcement v. Daniel Keith…
Doron Kochavi, of Pasadena, California, a stockbroker registered with Western International Securities Inc., has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kochavi mismarked order tickets “unsolicited.” Case No. 2021071099403 (January 16, 2024). According to the AWC, between January of 2017…
Eric Vance Kubiak of Cheektowaga, New York, a stockbroker previously registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kubiak refused to provide information and documents in an investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent…
Felipe Henao Vargas (also known as Felipe Henao and Felipe Henos), of Miami, Florida, a stockbroker formerly registered with Insigneo Securities LLC, has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Henao engaged in unauthorized trading in a customer’s account. Letter…
John D. Cimino of Naples, Florida, a stockbroker formerly registered with Wells Fargo Advisors is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $648,745.00 in damages based upon allegations that Cimino engaged in unsuitable trading in variable annuities when Cimino was associated with Wells Fargo Advisors…
John Kevin Egan of Glendora, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Egan engaged in violations of federal securities laws, made unsuitable recommendations, and made misrepresentations and omissions of…
Arthur Bruce McQuaide of Garden City, New York, a stockbroker registered with Spartan Capital Securities, LLC, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McQuaide engaged in churning or excessive trading in his customer accounts during the time that he was associated with Spartan…
Donald Allen Blankenship of King of Prussia, PA, a stockbroker registered with Independent Financial Group, LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Blankenship based upon allegations that Blankenship engaged in unsuitable trading in mutual funds. Department of Enforcement v. D….
William Wade Godfrey (also known as Bill Godfrey), of Tampa, Florida, a stockbroker formerly registered with Thrivent Investment Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Godfrey failed to cooperate in an investigation into his variable annuity sales practices. Letter of Acceptance, Waiver, and…
John Petrone of Willowick, Ohio, a stockbroker registered with Farmers Financial Solutions LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) in any capacity because Petrone refused to provide information and documents during an investigation into his potential misappropriation of funds from an elderly investor. Letter of Acceptance, Waiver, and Consent…
Juan L. Elwaw (also known as John Elwaw), of Miami, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on August 17, 2023. The customer requested $2,900,000.00 in damages based upon allegations that Elwaw breached his fiduciary duty in connection with the recommendation and sale of…
Jonathan Arthur Mayer (also known as Jonathan Mayer), of Westport, Connecticut, a stockbroker formerly registered with Crito Capital LLC, has been fined $5,000.00 and suspended for three months by Financial Industry Regulatory Authority (FINRA) because Mayer engaged in undisclosed outside business activities. Letter of Acceptance, Waiver, and Consent No. 2020068717401 (January 5, 2024). According to…
Lara Shogren, of Anchorage, Alaska, a stockbroker registered with Key Investment Services LLC, is the subject of a customer initiated investment related complaint filed on November 30, 2023. The customer requested $18,829.93 in damages based upon allegations that Shogren made misrepresentations of material fact in connection with the sale of fixed annuities when Shogren was…
Lawrence Richard Greenfield (also known as Larry Greenfield), of Woodland Hills, California, a stockbroker formerly registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $950,000.00 in damages based upon allegations that Greenfield made unsuitable investment recommendations in alternative investments during…
Lincoln Lucas Mason, of Arnolds Park, Iowa, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended for 90 days by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Mason engaged in an undisclosed outside business activity and thereafter supposedly made false statements regarding it….
Louis Peter Goff, of Salt Lake City, Utah, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate in the regulator’s investigation into allegations of potential fraud. Letter of Acceptance, Waiver, and Consent No….
Mitchell S. Morrison (also known as Mitch Morrison), of Newport Beach, California, a stockbroker formerly registered with WestPark Capital Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morrison engaged in private securities transactions or “selling away.” Letter of Acceptance,…
Paul Kai Addo III, of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2023. The customer requested compensatory damages based upon allegations that Addo failed to follow instructions regarding the purchase of market-linked investments or structured products from January…
Rajen Duggal, of San Francisco, California, a stockbroker registered with Paulson Investment Company LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member because Duggal engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078112801 (January 17, 2024). FINRA’s regulatory…
Ronald Bucher of Fort Myers, Florida, a stockbroker registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bucher refused to cooperate in an investigation concerning his interactions with customers. Letter of Acceptance, Waiver, and Consent No. 2022073421201 (December 17, 2023). According to…
Tilak J. Shah (also known as Tilak Shah), of Boston, Massachusetts, a stockbroker registered with NYLife Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shah failed to cooperate with a FINRA investigation concerning his life insurance sales practices. Letter of Acceptance, Waiver, and Consent No….
Todd R. Anderson, of Tucson, Arizona, a stockbroker registered with Benchmark Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities because Anderson refused to provide documents and information during the regulator’s investigation into his potential forgery of a customer’s signature on annuity documents. Letter of Acceptance,…
Walter Paul Shoczolek III (also known as Walter Paul Shoczolek), of Cornelius, North Carolina, a stockbroker registered with Avantax Investment Services Inc., 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 Shoczolek made unsuitable investment recommendations in mutual funds…
Yann C. Faho (also known as John Faho and Jann Faho), of New York, NY, a stockbroker registered with Aegis Capital Corp., 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 Faho used unauthorized communication devices to correspond with customers regarding…
William Marc Rankin, of Columbia, South Carolina, a stockbroker formerly registered with Woodmen Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rankin refused to provide information and documents to the regulator during an investigation into his investment recommendation that a customer liquidate a…
Keith Craig Baron of Jericho, New York, a stockbroker formerly registered with Equity Services Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Baron based upon allegations that Baron engaged in fraud and made misrepresentations of material fact in connection…
Darren Nickolas Ting, of New York, New York, a stockbroker registered with J.P. Morgan Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ting engaged in unauthorized trading and mismarked solicited trades during the time that he was associated…
Matthew Thomas Mierzycki of Round Rock, Texas, a stockbroker registered with Edward Jones, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mierzycki engaged in unauthorized trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021073142301 (Dec. 5, 2023)….
Joe David Gainer Jr., of Marianna, Florida, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gainer failed to testify in an investigation into whether Gainer violated FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022075621801…
Malay Kumar, of Mason, Ohio, a stockbroker registered with Cambridge Investment Research Inc., has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kumar made unsuitable recommendations in annuities and falsified documents when he was associated with Cambridge Investment Research Inc. Letter…
Robert Allen Silvestri (also known as Rob Silvestri), of Dallas, Texas, a stockbroker formerly registered with Aegis Capital Corp. and Level Four Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silvestri refused to comply with the regulator’s request for testimony during an investigation into allegations…
Sara Yasmin Qazi of Beverly Hills, California, a stockbroker registered with Raymond James Associates Inc., has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Qazi engaged in private securities transactions or “selling away” and violated communication standards with the public. Letter…
David Wayne Karin, of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,220,000.00 in damages based upon allegations that Karin made misrepresentations of material fact and made unsuitable recommendations in GWG Class L corporate…
Jeffrey Allen Russell, of Newport Beach, California, a stockbroker registered with Morgan Stanley, 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 Russell engaged in unauthorized trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2021071685401 (November 16, 2023)….
John Ginsburg of Houston, Texas, a stockbroker registered with Principal 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 Ginsburg falsified customer documents when he was associated with Principal Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2020068747501…
Benjamin Soccodato of Elmsford, New York, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Soccodato engaged in unsuitable trading and made misrepresentations of material fact in connection with the sale of…
Marc Edmond Haggar, of Dallas, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $70,000.00 in damages based upon allegations that Haggar made misrepresentations of material fact and “failed to follow instructions” regarding certain investments which were…
Robert Emmett Marquez (also known as Bob Marquez), of Smithtown, New York, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Marquez refused to appear for testimony concerning his potential private placement activities during the time that he was associated…
William Savary of Gig Harbor, Washington, a stockbroker registered with Abraham Securities Corporation and previously with Spencer-Winston Securities Corporation, has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Savary engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022074468401…
Nicholas Michael Caruso of Red Bank, New Jersey, a stockbroker formerly registered with Monmouth Capital Management LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Caruso engaged in excessive trading during the time that he was associated with Monmouth Capital Management LLC. Letter…
Todd Michael Lesk of Coral Springs, Florida, a stockbroker previously registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lesk refused to cooperate with a FINRA investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023079873001…
Andrew Charles Grezlak, of Doylestown, Pennsylvania, a stockbroker formerly registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA requests for information. Case No. 2022076824801 (September 25, 2023). According to FINRA Rule 9552(h),…
William Worthen King (also known as Bill King), of Vero Beach, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related complaint filed on November 26, 2023, in which the customer requested compensatory damages based upon allegations that King engaged in unauthorized trading in options…
Michael Raymond Frager of La Jolla, California, a stockbroker registered with Integrity Brokerage Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Frager made an unsuitable investment recommendation in corporate bonds when Frager was associated with Integrity…
Ruben Javier Frezzotti also known as R. Frezzotti, of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was discharged by the securities broker dealer on September 21, 2023, for failing to comply with policies of the securities broker dealer concerning “outside business activities.” Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Lawrence William Catena, of Naples, Florida, a stockbroker registered with Morgan Stanley Smith Barney, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Catena made unsuitable recommendations in structured products and mutual funds when Catena was associated with Morgan Stanley…
Tim Paul Peyton, of Gretna, Louisiana, a stockbroker registered with Crown Capital Securities L.P., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that Peyton made unsuitable recommendations in non-traded REITs while he was associated with Crown Capital Securities L.P….
Edward Isaac Rosenblatt, of Mission Viejo, California, a stockbroker registered with Cetera Advisor Networks LLC, 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 Rosenblatt breached his fiduciary duties and breached a contract, and that Cetera Advisor Networks LLC…
Eric William Davidson, of Portland, Oregon, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related complaint filed on August 22, 2023, where the customer requested $300,000.00 in damages based upon allegations that Davidson engaged in unsuitable trading when he was associated with Aegis Capital Corp. The complaint was…
Gary Kendall Liska of Los Angeles, California, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related complaint filed on May 11, 2022. In this complaint, the customer requested $100,000.00 in damages based upon allegations that Liska mismanaged the customer’s account in connection with the sale of mutual…
Eric Alexander Duncan, of Denver, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $196,000.00 in damages based upon allegations that Duncan was negligent and engaged in unsuitable recommendations in direct investments and corporate bonds when Duncan…
John Spyro Demertzis of East Setauket, New York, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Demertzis made unsuitable recommendations in alternative investments, including real estate securities during the time that Demertzis…
Yin Yvonne Zhong (also known as Yvonne Zhong), of Milpitas, California, a stockbroker registered with Ni Advisors, 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 Zhong breached her fiduciary duties, was negligent, and made unsuitable recommendations in GWG Class…
Douglas Harry Chapman, of Clark, New Jersey, a stockbroker registered with Securian Financial Services Inc., was the subject of a customer initiated investment related complaint filed on November 15, 2021, in which the customer requested compensatory damages based upon allegations that Chapman made misrepresentations of material fact about a living benefit rider on a variable…
Brian Jesse Singleton, based in Pocatello, Idaho, a stockbroker registered with LPL Financial LLC, was the subject of a customer-initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages. The claim alleged that Singleton misrepresented the risk of a structured note that was purchased by the customer during the time that…
Norman Ray Harp, of Leawood, Kansas, a stockbroker registered with B.B. Graham Company Inc. and Moloney Securities Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages based upon allegations that Harp engaged in unsuitable trading and was negligent in connection with…
Michael Perron Shoemaker, of Atlanta, Georgia, a stockbroker registered with Bankers Life Securities Inc., was the subject of a customer initiated investment related complaint filed on September 7, 2021, in which the customer requested $74,526.00 in damages based upon allegations that Shoemaker made unsuitable recommendations in equity-indexed annuities in November of 2018. The complaint alleged…
Peter John Clarke, of Palm Beach, Florida, a stockbroker registered with Truist Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $6,300,000.00 in damages based upon allegations that Clarke made unsuitable recommendations in equities when Clarke was associated with Truist Investment Services Inc….
Paul Joseph Mauro, of Westborough, Massachusetts, a stockbroker formerly registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 18, 2023, for $21,716.71 in damages. This settlement was based upon allegations that Mauro misrepresented material facts and sold unsuitable fixed and variable annuities during his…
Ralph Dennis Courtland, of Fairfield, New Jersey, a stockbroker 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 damages in excess of $1,000,000.00 based upon allegations that Courtland failed to supervise a financial advisor from April of 2012 through…
Randall Leigh Raymond (also known as Randy Raymond), of Lincoln, Nebraska, a stockbroker registered with SagePoint Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $5,788.00 in damages based upon allegations that Raymond breached his fiduciary duties, breached a contract, and was negligent in connection…
Richard John Webb, of Beachwood, Ohio, a stockbroker previously registered with Park Avenue Securities LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Webb failed to respond to FINRA requests for information. Case No. 2022076653101 (September 8, 2023). On August 15, 2023, FINRA issued a Notice…
Robert James Rumley III, of Atlanta, Georgia, a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Rumley did not manage the customer’s accounts in her best interests during the time that Rumley was…
Roberto Francisco Leslie (also known as Robert Leslie), of Brooklyn, New York, a stockbroker registered with Essex National Securities LLC and Infinex Investments Inc., was the subject of a customer-initiated investment related complaint filed on September 6, 2023, in which the customer requested $10,000.00 in damages based upon allegations that Leslie advised the customer that…
Ronald Ernest Filoramo (also known as Ron Ernest Filoramo), of Fort Lauderdale, Florida, a stockbroker previously registered with Morgan Stanley, has been barred as a stockbroker and investment adviser representative by Securities and Exchange Commission (SEC) because Filoramo misappropriated customer funds. In the Matter of Ronald E. Filoramo, Order Instituting Administrative Proceedings, Case No. 3-21781…
Salvatore Gambino, of Melville, New York, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gambino made unsuitable investment recommendations during the time that he was registered with Aegis Capital Corp. Letter of Acceptance,…
Scott Michael Bremus, of Dacula, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bremus engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021073072701 (October 6, 2023). According to the AWC,…
Shane Collins Wilhelm, of Roanoke, Virginia, a stockbroker previously registered with Fortune Financial Services Inc. and Truist Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) in any capacity because Wilhelm failed to respond to FINRA’s requests for information. Case No. 2021072674801 (September 5, 2023). Initially, Wilhelm faced a…
Timothy Brian Campbell (also known as Tim Campbell), of Corinth, Mississippi, a stockbroker registered with MML Investors Services LLC, has been discharged by the securities broker dealer on July 27, 2023, based upon allegations that Campbell supposedly used unapproved, inaccurate sales literature, and was the subject of a customer complaint. In fact, weeks earlier Campbell…
Todd Morris Mezrah, of Tampa, Florida, a stockbroker registered with M Holdings Securities Inc., has been fined $10,000.00 and suspended for twenty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Mezrah provided misleading and promissory statements to prospective customers. Letter of Acceptance, Waiver, and Consent, No. 2019062775801 (October…
Travis E. Hudson, of Columbia, South Carolina, a stockbroker registered with Pruco Securities LLC., is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages based upon allegations that Hudson breached his fiduciary duties in connection with the sale of insurance products during the time that Hudson was…
Tyson William Allred, of Portland, Oregon, a stockbroker formerly registered with U.S. Bancorp Investments Inc., is the subject of a customer initiated investment related complaint filed on September 5, 2023, in which the customer requested $998,131.88 in damages based upon allegations that Allred made specific assurances that the investment chosen for the customer involved protected…
Vincent Anthony Sharpe (also known as Vincent Ottomanelli-Sharpe), of Red Bank, New Jersey, 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 $283,716.78 in damages based upon allegations that Sharpe made unsuitable investment recommendations during the time that Sharpe…
Joseph Patrick Katzaroff, of Irvine, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on June 1, 2023, in which the customer requested $1,000,000.00 in damages based upon allegations that Katzaroff made unsuitable recommendations. The complaint alleges that Katzaroff failed to consider the trustee’s…
Mark Steven Elias, of Houston, Texas, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Elias made unsuitable recommendations and misrepresentations of material fact in connection with an options overlay strategy…
Donald Depiro (also known as Don Depiro), of Riviera Beach, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on August 9, 2021, in which the customer requested $25,000.00 in damages based upon allegations that Depiro engaged in unauthorized trading in equities…
Keith Flynn Tomer, of Doylestown, Pennsylvania, a stockbroker registered with Securian Financial Services, was the subject of a customer initiated investment related complaint that was settled on May 4, 2020, for $15,060.44 in damages based upon allegations that Tomer made unnecessary delays in liquidating an estate account which resulted in decreased value in the account…
John Lawrence Abrams (also known as Jack Abrams), of Boca Raton, Florida, a stockbroker registered with Equitable Advisors LLC, was discharged by the securities broker dealer on August 28, 2023, based upon allegations that Abrams took a loan from a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Abrams has been identified in…
John Jay Kersey, of Cincinnati, Ohio, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related complaint filed on September 19, 2023, in which the customer requested compensatory damages based upon allegations that Kersey instructed the customer to write personal checks to him and misled the customer…
John Gerard Forrester Jr., of Boca Raton, Florida, 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 $200,000.00 in damages based upon allegations that Forrester breached his fiduciary duties, committed fraud, was negligent, and breached contract in connection with…
James Michael Green, of Chisago City, Minnesota, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Green failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023079059301 (August 23, 2023). On August 23, 2023, FINRA asked…
Gianluca De Berardinis, also known as Gianluca Deberardinis, of New York, New York, a stockbroker previously registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on August 18, 2023. In this complaint, the customer requested $200,000.00 in damages based upon allegations that De Berardinis engaged in selling away or…
Gary Steven Costello II, of Boca Raton, Florida, a stockbroker registered with Oppenheimer Co. Inc., is the subject of an investment related FINRA securities arbitration claim in which the customer requested $2,103,426.00 in damages based upon allegations that Costello engaged in churning, unauthorized withdrawals, negligence, breach of fiduciary duty, breach of contract, fraud, and state…
Frank Levi Martin (also known as Frangel Levi Martin and Frangel Levi Martinez), of Brooklyn, New York, a stockbroker now registered with LPL Financial, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity because Martin failed to supervise trading activities and investigate red flags…
Andrew Joseph Kubicsko Jr., of Chicago, Illinois, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based upon allegations that Kubicsko made an unsuitable recommendation of Thornburg Limited Term Municipal Fund, which was supposedly not…
Albert Luis Aviles Jr., of New York, a stockbroker associated with Reid Rudiger LLC, has been barred permanently from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Aviles failed to respond to FINRA’s requests for information. FINRA Case No. 2018056490304 (December 12, 2022). Public Disclosure shows that Aviles was provided…
Charles D. Shields Jr. of Wayne, Pennsylvania, a stockbroker associated with Wells Fargo Clearing Services LLC, has been fined $5,000.00 and suspended for 15 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shields engaged in unauthorized trading by exercising discretion in a customer’s account without prior written authorization…
Damian Mark Baird, of Boston, Massachusetts, a stockbroker previously associated with Moors Cabot Inc., is currently under investigation by the Financial Industry Regulatory Authority (FINRA) as of July 14, 2023. Case Nos. 20230776692 and 20230782402. The investigation revolves around allegations that Baird potentially violated FINRA Rules 8210 and 2010 by failing to respond to FINRA’s…
David McDonald Wilson of Gulf Shores, Alabama, a stockbroker associated with Hancock Whitney Investment Services Inc., was the subject of a customer initiated investment related complaint that was settled on September 4, 2020, for $103,673.33 in damages based upon allegations that Wilson provided the customer with misleading information to encourage the purchase of a variable…
Edward Joseph McMahon, of Red Bank, New Jersey, a stockbroker formerly associated with Alexander Capital L.P., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McMahon failed to respond to FINRA requests for information. Case No. 2020066786001 (February 21, 2023). According to FINRA, Edward McMahon did not…
Evan A. Lunsford of Terre Haute, Indiana, a stockbroker associated with LPL Financial, was the subject of a customer initiated investment related complaint filed on August 18, 2023, in which the customer requested compensatory damages. The customer’s allegations are that Lunsford made investment recommendations in structured notes tied to the energy market that were unsuitable…
George Wilson Howe, of Austin, Texas, a stockbroker associated with USCA Securities LLC, 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 Howe breached fiduciary duty and was negligent during the time that he was associated…
Gilbert Russell Conrad of Lewiston, New York, a stockbroker associated with Cetera Advisors Networks, 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 to $5,000,000.00 in damages based upon allegations that Conrad made unsuitable investment recommendations of alternative investments including direct…
Gihan Anil Fernando (also known as Gihan Raphael Fernando) of Sugar Land, Texas, a stockbroker associated with BOK Financial Securities Inc., was the subject of a customer initiated investment related complaint that was settled on November 3, 2022, for $16,018.77 in damages based upon allegations that Fernando misrepresented information about a real estate security that…
Hector Alberto Mena, of Delray Beach, Florida, a stockbroker associated with Wells Fargo Clearing Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested approximately $300,000.00 in compensatory damages, as well as punitive damages, based on allegations that Mena provided unsuitable recommendations…
James C. Kelly, of Chicago, Illinois, a stockbroker associated with UBS Financial Services, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $2,250,000.00 in damages based upon allegations that Kelly made unsuitable recommendations and made misrepresentations of material fact during the time that…
Jason Kimber, of Logan, Utah, a stockbroker associated with J.W. Cole Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,000,000.00 in damages. The allegations center around Kimber’s involvement in alleged fraudulent activities that were conducted away from J.W. Cole…
Joel Dale Farnsworth of Los Angeles, California, a stockbroker associated with Wedbush Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,200,000.00 in damages based upon allegations that Farnsworth was negligent and breached his fiduciary duty in connection with the…
John Elliot McCune Jr., of Portsmouth, New Hampshire, a stockbroker associated with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that McCune failed to follow the customer’s instructions of consulting one of her…
Karen Shaw Cunningham (also known as Karen Conley Shaw), of Oklahoma City, Oklahoma, a stockbroker associated with Kestra Investment Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested $150,000.00 in damages based upon allegations that Cunningham made an unsuitable recommendation of Noble Royalty Access Fund IV…
Mark Edward Jones, of Denver Colorado, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $70,026.00 in damages based upon allegations that Jones made misrepresentations and omissions of material fact when Jones was associated with Merrill…
Melissa Plotkin Spickler (also known as Melissa P. Plotkin and Melissa P. Pott), of Bloomfield Hills, Michigan, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on October 20, 2022, for $32,402.18 in damages based upon allegations that Spickler failed to…
Milind Pinak Dalal of San Jose, California, a stockbroker associated with Purshe Kaplan Sterling Investments, was the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Dalal provided “bad advice” concerning an “investment club,” Casa Blanca Investments, which appears to be a novel…
Paul N. Lekousis of LaGrange Park, Illinois, a stockbroker associated with Pruco Securities LLC, has been discharged by the securities broker dealer on June 22, 2023, based upon allegations that Lekousis submitted “non-authentic” electronic customer signatures on insurance policy applications. Supposedly, he reused a customer signature page during the time that filing a form and…
Richard S. Siminou of New York, New York, a stockbroker previously associated with Newbridge Securities Corporation, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Siminou engaged in excessive and unsuitable trading during the time that he was associated with Newbridge…
Robert Joseph Stransky Jr. (also known as Bobby Joseph Stransky Jr.), of Littleton, Colorado, a stockbroker associated with MWA Financial Services Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No….
Rodney Stuart Ferguson, of Chesterfield, Missouri, a stockbroker associated with NYLife Securities LLC, was 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. Ferguson allegedly provided unsuitable financial planning services and sold inappropriate fixed insurance policies and annuities between 2011…
Roy Alvin Williams Sr., of Stratford, Connecticut, a stockbroker associated with Center Street Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $42,000.00 in damages based upon allegations that Williams made unsuitable recommendations of GWG L Bonds when Williams was…
Thomas Ardavast Kudarauskas (also known as Tom Kudarauskas), of Atlanta, Georgia, a stockbroker associated 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 $95,000.00 in damages based upon allegations that Kudarauskas engaged in unsuitable recommendations and trading in…
Valentino Michael Scott of West Hills, California, a stockbroker associated with Centaurus Financial, 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. According to the claim, Scott recommended a high-risk, complex, and illiquid corporate bonds or structured products during…
Andrew Matthew Polis, of Philadelphia, Pennsylvania, a stockbroker associated with Wells Fargo Advisors, was the subject of a customer initiated investment related complaint filed on July 18, 2023, in which the customer requested compensatory damages based upon allegations that Polis placed the customer in CDs that had a longer term than the customer asked for…
Anthony Lynn Cross (also known as Tony Cross), of Edmond, Oklahoma, a stockbroker associated with The O.N. Equity Sales Company (ONESCO), has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cross engaged in unauthorized trading in customer accounts. Letter of Acceptance,…
Arni Jay Diamond (also known as Arni Jat Diamond), of Jacksonville, Florida, a stockbroker registered with Kalos Capital Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diamond recommended and sold unregistered and unsuitable GPB Capital limited partnership interests to…
Christopher Booth Kennedy of Woodland Hills, California, a stockbroker registered with Western International Securities, is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Kennedy based upon allegations that Kennedy engaged in churning of customer accounts. Department of Enforcement v. Christopher Booth…
Damian Mark Baird of Boston, Massachusetts, a stockbroker registered with Moors Cabot Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority in which the regulator is seeking sanctions against Baird based upon allegations that Baird failed to provide information and documents and had failed to testify in an investigation….
David Alan Harris of White Plains, New York, a stockbroker associated with Chester Harris Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $250,000.00 in damages based upon allegations that Harris made unsuitable recommendations of Puerto Rico bonds during the time…
Donald Norman Rich of Old Greenwich, Connecticut, a stockbroker associated with Wells Fargo Clearing Services LLC, 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 Rich supposedly failed to follow the customer’s instructions “beginning in 2018.”…
Fermin Alberto Mesina of Chula Vista, California, a stockbroker associated with Infinex Investments Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 to $1,000,000.00 in damages based upon allegations that Mesina failed to perform adequate due diligence and concentrated a…
Henry Nathan Goodman of New York, New York, a stockbroker associated with UBS Financial Services, 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 allegations that Goodman made unsuitable recommendations and misrepresented information about an options overlay strategy…
John Andrew Rochester of Santa Fe, New Mexico, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $554,834.70 in compensatory damages because Morgan Stanley was held liable on the customer’s claims of breach of fiduciary…
John E. Pelletier of Wauwatosa, Wisconsin, a stockbroker registered with BMO Harris Financial Advisors Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pelletier based upon allegations that Pelletier engaged in unauthorized trading in the individual retirement account of a customer…
Justin Thomas Maher, of New Haven, Connecticut, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Maher engaged in undisclosed outside business activities related to crypto assets, and participated in private securities…
Joshua Aaron Green of New Port Richey, Florida, a stockbroker associated with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Green overconcentrated the customer in structured notes, which resulted in losses….
Kevin Thomas Dooley of Miami, Florida, a stockbroker associated with Equitable Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $98,400.00 in damages based upon allegations that Dooley made unsuitable recommendations of alternative investments between 2012 and 2014 when Dooley was…
Pierre Michael Hilario of Milpitas, California, a stockbroker registered with NI Advisors, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hilario refused to comply with FINRA’s investigation into his involvement in private placement offerings. Letter of Acceptance, Waiver, and Consent No. 2020066757801 (August 17, 2023). According…
Mario Divita of Flushing, New York, a stockbroker associated with Traderfield Securities Inc., has been fined $75,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Divita failed to adequately supervise registered representatives’ proposed outside business activities. Letter of Acceptance, Waiver, and Consent No….
Michael Albert DiPietro (also known as Mike Albert DiPietro), of Pasadena, California, a stockbroker associated with Centaurus Financial Inc., was 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 DiPietro misrepresented equipment leasing and real estate…
Megurditch Patatian (also known as Mike Patatian), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Patatian made unsuitable recommendations to his customers. In the Matter of Department of Enforcement v. Patatian, Decision No. 2018057235801…
Rajvinder Singh Budwal of San Jose, California, a stockbroker associated with SagePoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $22,500.00 in damages based upon allegations that Budwal made unsuitable recommendations of an equity fund. Budwal was associated with SagePoint…
Robert Earl Stanlick, of Colorado Springs, Colorado, a stockbroker associated with Presidential Brokerage Inc. (also known as Forta Financial Group Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $34,000.00 in damages based on allegations that Stanlick engaged in breach of fiduciary…
Ronald Burton Smith, of Bordentown, New Jersey, a stockbroker registered with PTS Brokerage LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith made false statements to a PTS Brokerage LLC supervisor, used unauthorized means to communicate with customers, and refused to comply with FINRA’s requests…
Rodney Michael Ferruso (also known as Rod Ferruso), of Morgantown, West Virginia, a stockbroker registered with Osaic Wealth Inc. (previously known as Royal Alliance Associates Inc.), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ferruso refused to appear and testify in a FINRA investigation concerning allegations…
Walter Ickert, of Ridgeland, South Carolina, a stockbroker associated with IFP Securities LLC, was 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 Ickert failed to conduct adequate due diligence, misrepresented an investment’s safety, failed to…
William Donovan Ard (also known as Bill Ard), of Short Hills, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ard made misrepresentations of material fact to a customer and had made…
Airung Liu, of Fremont, California, a stockbroker associated with Cambridge Investment Research 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 Liu made unsuitable recommendations of direct investments to the customer during the time that…
Chay Thomas Lapin, of Torrance, California, a stockbroker associated with WealthForge Securities, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Lapin failed to conduct reasonable due diligence, was negligent, made unsuitable recommendations, failed to…
Craig Sherman Thistlethwaite, of Perrysburg, Ohio, a stockbroker associated with Morgan Stanley, has been discharged by the securities broker dealer on January 17, 2023. The termination was based upon Thistlethwaite supposedly entering transactions in two related customers’ accounts without receiving verbal confirmation, purchasing a timeshare from a customer without firm approval, and engaging in unauthorized…
Damian Maggio, of Garden City, New York, a stockbroker and the Chief Executive Officer of Joseph Stone Capital L.L.C., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $354,994.55 in damages based upon allegations that Maggio failed to supervise certain representatives in…
David Edwin Alvarado, of New York, New York, a stockbroker formerly associated with SW Financial, also known as Saloman Whitney LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer seeks $30,000.00 in damages based upon allegations that Alvarado engaged in unsuitable, excessive, and unauthorized…
David Wayne Trusler, of Tulsa, Oklahoma, a stockbroker associated with NYLIFE Securities LLC, has been discharged by the securities broker dealer on March 23, 2023, based upon allegations that Trusler submitted life insurance applications with inaccurate financial information. The securities broker dealer referenced that a fraud report was filed with Oklahoma Department of Insurance. FINRA…
Ethan Christopher Martin, of Austin, Texas, a stockbroker associated with Charles Schwab Co. Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martin converted or stole or misappropriated funds from a brokerage account belonging to an older married couple. Letter of Acceptance, Waiver, and Consent…
Frank John Calise, of Scottsdale, Arizona, a stockbroker associated with Questar Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Calise engaged in misrepresentation, fraud, and breach of fiduciary duty in connection with the…
Geraldine Joyce Polvino, of Nicholasville, Kentucky, a stockbroker associated with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on December 5, 2022, for $40,000.00 in damages. The claim was based upon allegations that Polvino did not properly inform the customer about potential tax implications related to transferring funds…
Gregory Alan Jacobson, of Red Bank, New Jersey, a stockbroker associated 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 $4,000.00 in damages based upon allegations that Jacobson made an unsuitable investment recommendation to the customer. FINRA Arbitration…
Gustavo Rodrigo III, of Boca Raton, Florida, a stockbroker associated with Westpark Capital Inc., has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he exercised discretion in a customer’s account without written authorization from the customer and without the securities broker dealer having accepted…
Jack Lewis Jones Jr. (also known as JJ Jones), of Houston, Texas, a stockbroker associated with Triad Advisors LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $30,000.00 in damages. The claim alleged that Jones made unsuitable recommendations, failed to sufficiently disclose…
James William Tausz (also known as Jim Tausz), of Clarion, Iowa a stockbroker associated 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 $15,000.00 in damages based upon alleged unsuitable recommendations, breach of contract, fraud, breach…
Jeffrey Kenneth Kirkpatrick, of Dacula, Georgia, a stockbroker associated with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kirkpatrick falsified a wire transfer request form and caused his firm to maintain incomplete and inaccurate records and books….
Jerry Thomas Bileski (also known as Jay Bileski), of Garden City, New York, a stockbroker associated with Worden Capital Management LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Bileski failed to supervise certain representatives in connection with the…
John Brendan Dobbertin of Fayetteville, New York, a stockbroker associated with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $19,500.00 in damages based upon allegations that Dobbertin violated FINRA suitability rules, acted negligently, made misrepresentations and omissions…
John James Forster, of Washington, DC, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $272,000.00 in damages based upon allegations that Forster failed to act in the customer’s best interest and…
Joshua Houston Westerman, of Fort Lauderdale, Florida, a stockbroker formerly registered with Morgan Stanley, was discharged on July 24, 2023. The termination followed allegations that he engaged in unauthorized communications with customers about firm-related business. There were also allegations concerning Westerman’s activity related to his former girlfriend’s credit line and external brokerage account, as well…
Karla Ranger Moons (also known as Karla Dawn Ranger), of Mobile, Alabama, a stockbroker previously associated with Concourse Financial Group Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Moons failed to respond to FINRA requests for information. Case No. 2022075810901 (July 17, 2023). FINRA initially…
Kwame Adusei, of Poughkeepsie, New York, a stockbroker associated with Morgan Stanley Wealth Management (MSWM), was permitted to resign on July 24, 2023. This resignation was based on a customer alleging that Adusei encouraged her to take part in an outside residential property investment. The customer reportedly claimed that Adusei conducted “unauthorized trading” in her…
Larry Richard Law, of Irvine, California, a stockbroker associated with JRL Capital Corporation, was 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 upon alleged unsuitable trading, misrepresentation and omission of material facts, negligence, and breach of fiduciary duty…
Leslie Don Jackson (also known as Les Jackson), of Dallas, Texas, a stockbroker associated with Momentum Independent Network Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jackson engaged in unapproved private securities transactions during the time that he was associated with Momentum Independent Network…
Mark Alan Thompson of Atlanta, Georgia, a stockbroker associated with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $172,500.00 in damages based upon allegations that Thompson provided unsuitable recommendations, was negligent, and caused the customer’s account to be overconcentrated in certain…
Matthew Thomas Lawson, of Chattanooga, Tennessee, a stockbroker associated with Raymond James Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Lawson made misrepresentations of material fact about a trust account. The customer…
Patricia Lynn Sans (also known as Patricia Lynn Coleman), of West Palm Beach, Florida, a stockbroker associated with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $240,000.00 in damages. The customer alleged that Sans made unsuitable recommendations of options, municipal…
Ralph Siegfried Waller, of Peachtree City, Georgia, a stockbroker associated with Woodbury Financial Services, was referenced in a customer initiated investment related complaint filed on January 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Waller failed to act in the customer’s best interest when recommending a variable annuity redemption…
Richard Duane Mukomela (also known as Rick Mukomela), of Minnetonka, Minnesota, a stockbroker associated with MSI Financial Services 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 Mukomela misrepresented a real estate investment trust (REIT)…
Ronald L. Bucher (also known as Ron Bucher), of Fort Myers, Florida, a stockbroker associated with Pinnacle Investments LLC, was the subject of a customer initiated investment related complaint in which the customer requested $77,772.32 in damages. The customer claimed that Bucher engaged in unauthorized and unsuitable trading in stocks and equities. This complaint was…
Timothy Joseph Scanlon of Scottsdale, Arizona, a stockbroker associated with Arque Capital Ltd., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $230,208.89 in damages based upon alleged breach of fiduciary duty, breach of contract, negligence, and violation of state and federal securities laws,…
William Bradley Humbarger, of Sunflower County, Mississippi, a stockbroker associated with NYLIFE Securities LLC, was the subject of a customer initiated investment related civil action that was settled for $120,000.00 in damages. The customer claimed that Humbarger provided unsuitable investment advice and inaccurate information concerning the customer’s insurance policy when Humbarger was associated with NYLIFE…
Arthur Gilbert Faren of Fort Lauderdale, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,500.00 in damages based upon allegations that Faren did not follow the customer’s instructions regarding stop limit orders when Faren…
Brent William Makarczyk, of Kingston, Pennsylvania, 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 $54,500.00 in damages based upon allegations that Makarczyk made unsuitable recommendations of real estate securities, life insurance products, and variable…
Clayton Kwok Shum, of Burlingame, California, a stockbroker registered with Grove Point Investments LLC, has been discharged by the securities broker dealer on January 12, 2023, based upon allegations that Shum engaged in unapproved customer-related financing activities and did not report customer complaints. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that Shum is…
Daniel Joe Baldwin of Walnut Creek, California, 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 $45,000.00 in damages based upon allegations that Baldwin made misrepresentations of material fact in connection with the sale of corporate…
Donald Trendley McKiernan of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., 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 allegations that McKiernan failed to supervise certain representatives’ GWG L Bond sales resulting in misappropriation when McKiernan…
Gary James Najarian, of West Newton, Massachusetts, a stockbroker registered with Perpetual Financial, has been fined $72,500.00 by Florida Office of Financial Regulation because Najarian made investment recommendations to customers without having registration in the state. Order No. 112091-SR (February 15, 2023). Najarian also consented to a Cease and Desist order. Financial Industry Regulatory Authority…
Jack Ryan Riley, of Warren, New Jersey, 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 in which the customer requested $1,450,000.00 in damages based upon allegations that Riley made misrepresentations of material fact and made unsuitable recommendations of…
James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties,…
Jeffrey Allen Morris of Estes Park, Colorado, 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 $45,000.00 in damages based upon allegations that Morris made unsuitable recommendations and was negligent in connection with the…
John Richard Matheis (also known as J. Richard Matheis and as Ric Matheis), of Overland Park, Kansas, a stockbroker formerly registered with Union Capital Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to testify in an investigation into his potential sales practice violations…
Jorge Miguel Alvarez, of Miami, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $293,000.00 in damages based upon allegations that Alvarez made unsuitable recommendations of Guaranteed Investment Contracts or GICs when Alvarez was…
Joseph Corey Quintons, of Alpharetta, Georgia, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quintons failed to cooperate during an investigation into his potential violations of FINRA rules relating to regulatory disclosures. Letter of Acceptance, Waiver, and Consent…
Kevin Joseph Carroll of Glastonbury, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member because he borrowed a customer’s funds and engaged in unauthorized trading in unit investment trusts during the time that he was associated…
Kimberlee Marie Orth (also known as Kim Kais and Kimberlee Kais), of Wilmington, Delaware, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on June 14, 2022, for $41,642.25 in damages based upon allegations that Orth provided inaccurate information to the customer concerning…
Lilia Nia (also known as Lilia Niyazova), of Fairfield, New Jersey, a stockbroker registered with Purshe Kaplan Sterling Investments Inc. (PKS), has been fined $5,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Nia engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent…
Mark Wilkinson Richards (also known as Mark Dickey), of Albuquerque, New Mexico, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $220,000.00 in damages based upon allegations that Richards made omissions of material fact in…
Michael John Wagner of Atlanta, Georgia, 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 $4,100,000.00 in damages based upon allegations that Wagner engaged in unsuitable trading in options during the time that Wagner was associated with…
Nicholas Randolph Radke Jr. (also known as Randy Radke), of Lake Oswego, Oregon, a stockbroker registered with American Independent Securities Group LLC, has been fined $60,000.00 by Oregon Division of Financial Regulation because Radke made omissions and misrepresentations of material fact. Consent Order No. S-19-0040 (May 11, 2021). The Oregon Division of Financial Regulation initiated…
Rami Sassoon (also known as Rami Sela and Ram Sassen), of New York, New York, 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 $300,000.00 in damages based upon allegations that Sassoon made unsuitable recommendations…
Ronald Matthew Hoyle (also known as Ron Hoyle), of Tomball, Texas, a stockbroker registered with J.W. Cole Financial Inc., is the subject of a customer initiated investment related complaint filed on May 2, 2023, in which the customer requested $33,000.00 in damages based upon allegations that Hoyle made unsuitable recommendations of variable annuities during the…
Scott Dale Syde (also known as Scott Dale Syde), of Bloomington, Minnesota, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related civil action that was settled for $150,000.00 in damages based upon allegations that Syde, now deceased, managed a private investment account for the customer during the…
Shawn David Bumgardner of Southgate, Michigan, 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 $500,000.00 in damages based upon allegations that Bumgardner made unsuitable recommendations of variable annuities when Bumgardner was associated with…
Thomas Marion McDonald, of Cleveland, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related complaint that was settled on March 14, 2023, for $262,500.00 in damages based upon allegations that McDonald made omissions of material fact in connection with the sale of private placements when McDonald was…
Troy Jason Goldberg, of Boca Raton, Florida, a stockbroker registered with National Securities Corp., 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 Goldberg made unsuitable recommendations of private placements when Goldberg was associated with National…
Virgil Arthur Biggs, of Saranac, Michigan, a stockbroker registered with Avantax Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Biggs made unsuitable recommendations of over-the-counter equities and direct investments when Biggs was…
Wesley Howard Triani (also known as Wes Triani), of Hauppauge, New York, a stockbroker formerly registered with Equity Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2023078620901 (Aug. 23,…
Monmouth Capital Management LLC, a securities broker dealer headquartered in Point Pleasant Beach, New Jersey, has been expelled from Financial Industry Regulatory Authority (FINRA) membership because it churned customer accounts and failed to supervise certain representatives, resulting in losses to customers. Letter of Acceptance, Waiver, and Consent No. 2022076459303 (July 6, 2023). Between August of…
Network 1 Financial Securities Inc., a securities broker dealer headquartered in Red Bank, New Jersey, as well as stockbroker and Chief Compliance Officer, Michael Robert Molinaro, have been sanctioned by Financial Industry Regulatory Authority (FINRA) because Network 1 Financial Securities Inc. and Molinaro failed to supervise suitability of securities transactions in customer accounts. Letter of…
Aaron Brian Graham of Salt Lake City, Utah, a stockbroker registered with United Planners Financial Services of America, 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 Graham breached a contract, violated FINRA rules, made unsuitable investment…
Alexis Ann Intili of Staten Island, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on July 16, 2020, for compensation based upon allegations that Intili misled the customer about the rate of return on variable annuities when Intili was associated…
Christopher Francis Harrington Jr. of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been fined $11,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Harrington generated excessive fees and made unsuitable investment recommendations. Letter of Acceptance, Waiver,…
Colin Christy Kelty of Oak Brook, Illinois, 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 in which the customer requested $240,000.00 in damages based upon allegations that Kelty failed to execute or follow instructions regarding the liquidation of…
Daniel Robert Murray of Brewster, New York, a stockbroker registered with Network 1 Financial Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,900.00 in damages based upon allegations that Murray made unsuitable recommendations of non-traded Real Estate Investment Trusts or…
Delio Eduardo Londono (also known as Del Londono) of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $395,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made either misrepresentations…
Elvis Beslagic of Oak Brook, Illinois, a stockbroker registered with TD Ameritrade Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Beslagic mismanaged investment accounts in connection with the sale of options during the…
Henry Joseph Cormier of Farmington, Connecticut, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on January 31, 2022, for $41,277.44 in damages based upon allegations that Cormier engaged in unauthorized trading in over-the-counter equities when Cormier was associated with Ameriprise Financial Services…
James Anthony Davenport of Winston-Salem, North Carolina, an investment advisor representative of JT Stratford LLC, was the subject of a customer initiated investment related complaint that was settled on January 20, 2023, for $12,000.00 in damages based upon allegations that Davenport made unsuitable recommendations and failed to execute stop-loss orders when Davenport was associated with…
James Thaddeus Walesa of Park Ridge, Illinois, a stockbroker registered with Arkadios Capital, 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 Walesa made unsuitable recommendations of alternative investments during the time that Walesa was…
Jeffrey David Stanga of Mission Viejo, California, a stockbroker registered with FMN Capital Corporation, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stanga engaged in private securities transactions and engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…
John Joseph Pasacreta Jr. (also known as John Charles Pasacreta), of Greenwich, Connecticut, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related complaint filed on May 31, 2023, in which the customer requested $58,826.10 in damages based upon allegations that Pasacreta made misrepresentations of material fact…
Joseph Brian Lascala Jr. (also known as Joe Lascala), of Melville, New York, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on March 15, 2023, in which the customer requested compensation based upon allegations that Lascala engaged in unauthorized trading during the time that Lascala…
Linda Jill Wimsatt (also known as Linda Jill Eblowitz) of Carlsbad, California, a stockbroker registered with Westpark Capital Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $30,000.00 in damages based upon allegations that Wimsatt failed to supervise certain representatives, breached…
Martin Adalbert Klein III, of Newport Beach, California, 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 in which the customer requested $10,000,000.00 in damages based upon allegations that Klein made unsuitable recommendations of government bonds when Klein was…
Matthew Wayne Shaughnessy (also known as Matthew Shughnessy), of Henderson, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 23, 2023, in which the customer requested $200,000.00 in damages based upon allegations that Shaughnessy made misrepresentations of material fact and made unsuitable…
Michael Richard Rosalia of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rosalia failed to comply with an arbitration award or settlement agreement or otherwise confirm compliance with FINRA Arbitration No. 21-02186 (February 8,…
Raymond William Clark of Point Pleasant Beach, New Jersey, 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 Clark failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent…
Robert Anthony Westropp Jr, of Chicago, Illinois, a stockbroker registered with Sanford C. Bernstein Co. LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $110,000.00 in damages based upon allegations that Westropp made unsuitable recommendations of alternative investments when Westropp was associated…
Shomir Mukherjee (also known as Shomir Singh), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Mukherjee made unsuitable recommendations of corporate bonds when Mukherjee was associated…
Tammie Lyn Farrell (also known as Tammie Burk and Tammie Brown), of Franklin, 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 $100,000.00 in damages based upon allegations that Farrell committed fraud,…
Timothy James Breslin of Bryn Mawr, Pennsylvania, a stockbroker registered with Raymond James Associates and B. Riley Wealth Management, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Breslin provided false or misleading information to FINRA during the time that it investigated possible violations of FINRA rules….
Troy Thomas of Huntington Beach, California, a stockbroker registered with McDermott 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 compensation based upon allegations that Thomas committed fraud, failed to supervise certain representatives, was negligent, breached his fiduciary duties,…
William Sideny Friedman (also known as Willie Friedman and Bill Friedman), of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, 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 Friedman breached a contract, breached his…
Andrew George Gergatsoulis (also known as Andrew Geratsoulis), of New York, New York, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,750.00 in damages based upon allegations that Gergatsoulis made unsuitable investment recommendations and breached…
Christopher John McCaffrey of Napa, California, 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 $4,100,000.00 in damages based upon allegations that McCaffrey made unsuitable recommendations of options when McCaffrey was associated with Morgan Stanley. FINRA Arbitration…
Daniel Arthur Evans of Seattle, Washington, 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 $10,000,000.00 in damages based upon allegations that Evans made unsuitable investment recommendations when Evans was associated with Wells…
Daniel Schiffer Terry of Big Rapids, Michigan, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on April 28, 2023, for $8,612.70 in damages based upon allegations that Terry failed to follow instructions concerning the liquidation of securities during the time that Terry was associated…
David Jeffrey Morris of Chicago, Illinois, a stockbroker registered with Stifel Nicolaus Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morris failed to respond to FINRA’s request for information. Letter No. 2022076282101 (May 3, 2023). In January of 2023, FINRA initiated regulatory actions against…
Donald Ernest Leitzell of State College, Pennsylvania, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint filed on September 8, 2021, in which the customer requested $19,648.00 in damages based upon allegations that Leitzell made unsuitable recommendations of stocks during the time that Leitzell was associated…
Ernest Sean Mishne of Beachwood, Ohio, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $192,746.31 in compensatory damages because Mishne and Oppenheimer Co. Inc. were held liable on the customer’s claims which included…
Howard Hao-Chung Hsieh of Irvine, California, a stockbroker registered with Cetera Investment Services 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 allegations that Hsieh was negligent, breached his fiduciary duties, overconcentrated accounts in certain investments, and made…
James Bernard Plummer of Oakdale, Pennsylvania, an investment advisor representative of ILG Private Wealth Inc., has been fined $22,500.00 by Florida Office of Financial Regulation because Plummer made investment recommendations to investors without being registered in the state. Order No. 114418-SR (May 23, 2023). Plummer also consented to a Cease and Desist order. Financial Industry…
Jason Leonard Garofalo of Las Vegas, Nevada, 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 $150,000.00 in damages based upon allegations that Garofalo made unsuitable recommendations of Hospitality Investor’s Trust and Inventrust Real…
Jeffrey Martin Tabman of Woodbury, New York, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on January 12, 2023, in which the customer requested compensation based upon allegations that Tabman made unsuitable recommendations of mutual funds when Tabman was associated with Equitable Advisors LLC. The…
Jon Oscar Laurell of East Harwich, Massachusetts, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Laurell made unsuitable recommendations of municipal bonds when Laurell was associated with…
Joseph Paul McErlean of West Chester, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC, was been permitted to resign on September 30, 2021, based upon allegations that McErlean submitted beneficiary documents in violation of company policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that McErlean is referenced in four customer initiated investment related…
Keith Wayne Patterson of Sugar Land, Texas, a stockbroker registered with Investacorp 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 Patterson was negligent, breached his fiduciary duties, and breached a contract in connection with…
Lickhai Quach (also known as Khai Quach), of Rockville, Maryland, a stockbroker registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quach failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance,…
Lowell Vincent Kruger of Bloomington, Minnesota, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related complaint filed on December 28, 2022, in which the customer requested compensation based upon allegations that Kruger made unsuitable recommendations of variable annuities during the time that Kruger was associated with Avantax…
Mary Ann Dineen (also known as Mary Ann Rose and Mary Ann Hicks), of Bonita Springs, Florida, 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 in which the customer requested $540,000.00 in damages based upon allegations that Dineen…
Maury Edward Lomax of Mobile, Alabama, 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 $1,000,000.00 in damages based upon allegations that Lomax’s investment strategy was not in the customer’s best interest during the time that…
Michael Steven Yarus (also known as Michael Steven Yarus), of Paramus, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, has been discharged by the securities broker dealer on January 25, 2023, based upon allegations that Yarus engaged in unauthorized trading. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Yarus is referenced…
Philip Scott Bradshaw of San Diego, California, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on February 13, 2023, in which the customer requested compensation based upon allegations that Bradshaw made misrepresentations of material fact in connection with the sale of mutual funds…
Richard Joseph Dellarusso (also known as Rick Dellarusso and Ricky Dellarusso), of New York, 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 that was settled for $95,000.00 in damages based upon allegations that Dellarusso made misrepresentations…
Roderick Rodriguez (also known as Roderick Rodriquez), of Bronx, New York, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Rodriguez overconcentrated accounts in real estate securities when…
Ryan David Meeks of Bozeman, Montana, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,000,000.00 in damages based upon allegations that Meeks provided wrong tax advice to the customer when Meeks was associated with D.A….
Scott Ari Shaw of Philadelphia, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related civil action that was settled for $30,000.00 in damages based upon allegations that Shaw failed to respond to requests for information about a life insurance policy, resulting in the lapse of the policy….
Shane Boehm of Spokane, Washington, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested $1,500,000.00 in damages based upon allegations that Boehm made unsuitable recommendations of Real Estate Investment Trusts or REITs during the time that Boehm was associated with…
Sonia Maria Attkiss (also known as Sonia Tron), of New York, New York, 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 in which the customer requested $525,000.00 in damages based upon allegations that Attkiss made misrepresentations of material…
Suihock Goy of Milpitas, California, a stockbroker registered with Ni Advisors 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 Goy breached a contract and breached his fiduciary duties in connection with…
Somboun Thao (also known as Som Thao), of Madison, Wisconsin, a stockbroker registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Thao failed to respond to FINRA’s request for information. Letter No. 2022074049801 (February 6, 2023). On November 2, 2022, FINRA…
Thomas Edward Jandt, of Irvine, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $825,000.00 in damages based upon allegations that Jandt breached his fiduciary duties, made unsuitable recommendations, churned accounts, and made misrepresentations of…
Syauching Hung (also known as June Hung), of Diamond Bar, California, a stockbroker registered with Voya Financial Advisors 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 $100,000.00 in damages based upon allegations that Hung made unsuitable recommendations and…
Timothy L. Johnson, of Willmar, Minnesota, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $164,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of variable annuities when Johnson was associated with Cetera…
Vincent Pucciarelli Jr. (also known as Vincent Puccarelli), of Woodbridge, New Jersey, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pucciarelli failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter…
William Colin Seibert, of Houma, Louisiana, a stockbroker registered with Raymond James Associates 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 Seibert made unsuitable recommendations of stocks when Seibert was associated with Raymond James Associates…
LPL Financial, a securities broker dealer now headquartered in Fort Mill, South Carolina, was censured and fined $3,000,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise certain representatives, resulting in their conversion of customer funds. Letter of Acceptance, Waiver, and Consent No. 2020067897601 (July 25, 2023). Between May of 2018 and…
Andrew Fredric Perry of Margate, New Jersey, 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 $310,000.00 in damages based upon allegations that Perry made unsuitable recommendations and misrepresentations of material fact in connection with…
Charles Raymond Weldon of Boca Raton, Florida, a stockbroker registered with Independent Financial Group LLC, 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 Weldon’s investment strategy at Independent Financial Group LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00589 (March 9,…
Conrad Aaron Coggeshall of Scottsdale, Arizona, a stockbroker registered with Packerland Brokerage Services Inc., was the subject of an enforcement action initiated by SEC in which the regulator barred Coggeshall based upon allegations that Coggeshall committed fraud. In the Matter of Conrad A. Coggeshall, Administrative Proceeding No. 3-20142 (May 10, 2023). Coggeshall was accused of…
Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of promissory notes in Spyglass during the time that Bonney was…
Darren Michael Kubiak of Alpharetta, Georgia, a stockbroker registered with Kalos Capital Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Kubiak based upon allegations that Kubiak failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Department…
David Harrison Miller of Atlanta, Georgia, a stockbroker registered with PeachCap Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Miller failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was associated with PeachCap Securities…
Eduardo Andrew Martinez (also known as Andrew Martins and Andrew Martin), of New York, New York, a stockbroker registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $33,269.42 in damages based upon allegations that Martinez engaged in unauthorized trading, breached fiduciary…
Eric Ryan Tartaglione, of Woodbridge, New Jersey, a stockbroker registered with Investment Network Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tartaglione failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was…
Gregory Edward Collins (also known as Greg Collins), of East Greenbush, New York, a stockbroker registered with LPL Financial LLC, has been fined $12,500.00 and suspended for six months by FINRA because Collins engaged in private securities transactions and outside business activities during the time that he was associated with LPL Financial. Letter of Acceptance,…
Gregory Robert Sain of Los Angeles, California, a stockbroker registered with Stifel Nicolaus Co. Inc., was the subject of a customer initiated investment related complaint that was settled on June 13, 2023, for $26,250.00 in damages based upon allegations that Sain made unsuitable recommendations of structured notes during the time that Sain was registered with…
Ivan Richard Gefen of Boca Raton, Florida, 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 $1,200,000.00 in damages based upon allegations that Gefen breached a contract, committed fraud, was negligent, and breached fiduciary duties in connection with the…
Jack Matthew Cayce, of Atlanta, Georgia, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cayce made unsuitable recommendations and failed to perform due diligence on GPB Automotive securities during the time that…
James Floyd Garraway III (also known as Trey Garraway), of Hattiesburg, Mississippi, a stockbroker registered with Thrivent Investment Management Inc., has been fined $5,000.00 and suspended for six months by FINRA because Garraway placed false customer signatures on account documents during the time that he was associated with Thrivent Investment Management Inc. Letter of Acceptance,…
Jeremiah Roman of Coral Springs, Florida, a stockbroker registered with PFS Investments Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Roman engaged in private securities transactions or selling away during the time that he was associated with PFS Investments…
Joseph Francis Bartosiewicz Jr. of Stamford, Connecticut, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bartosiewicz failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules during the time that…
Joseph Michael Todd of Crystal River, Florida, a former Centaurus Financial Inc. stockbroker and an owner of Todd Financial Services LLC, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Todd based upon allegations that Todd misappropriated funds and committed fraud. SEC v. Joseph Michael Todd, Complaint…
Lynn Witherspoon Bryant (also known as Deborah Lynn Bryant), of Hurst, Texas, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bryant failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during…
Murat Kartal of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been suspended for ten months by FINRA because Kartal engaged in excessive trading or churning during the time that he was associated with Spartan Capital Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2018056490306 (July 17, 2023). Between…
Peter Dieter Nett of The Woodlands, Texas, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $30,000.00 in compensatory damages because Ameriprise Financial Services LLC was held liable on the customer’s claims which included that its stockbroker made…
Philip Paul Wright of Eden Prairie, Minnesota, a stockbroker registered with BrokerBank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wright allowed someone without FINRA registration to conduct securities business through their participation in preferred share and bond sales to customers. Default Decision No….
Robert Charles Starnes of Wauwatosa, Wisconsin, a stockbroker registered with SA Stone Wealth Management Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Starnes failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules during the time that he was associated with…
Robert Spencer Gerstein of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., has been fined $5,000.00 and suspended for six months by FINRA because Gerstein engaged in the unsuitable short term trading of mutual funds during the time that he was associated with Merrill Lynch. Letter of Acceptance, Waiver,…
Scott Allen Royal, of Omaha, Nebraska, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $6,000,000.00 in damages based upon allegations that Royal breached a contract, breached fiduciary duties, and made unsuitable recommendations of variable life insurance…
Sean Michael Kane, of York, Pennsylvania, a stockbroker registered with Waddell Reed, is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Kane based upon allegations that Kane breached fiduciary duties and committed fraud. SEC v. Sean Michael Kane, Complaint No. 1:23-cv-00371 (March 1, 2023). According to…
Anthony Lynn Cross (also known as Tony Cross), of Edmond, Oklahoma, a stockbroker registered with The ON Equity Sales Company (ONESCO), has been suspended as a stockbroker for ten days by Oklahoma Department of Securities because Cross engaged in discretionary trading. Consent Order No. 20-011 (August 26, 2021). Oklahoma Securities Department claimed that Cross made…
Biaggio Anthony Caroleo (also known as Blaise Anthony Caroleo), of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $264,475.00 in damages based upon allegations that Caroleo was negligent, engaged in unauthorized…
Billy Pascal Stanage Jr. of Rio Rancho, New Mexico, a stockbroker registered with Commonwealth Financial Network, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stanage failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of…
Bret Clinton Schaefer (also known as Bret Clinton Shaefer), of Greenville, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on May 24, 2023, for $53,114.00 in damages based upon allegations that Schaefer made unsuitable recommendations of variable annuities when Schaefer was…
Carmine Anthony Berardi (also known as Carl Berard), of Red Bank, New Jersey, a stockbroker registered with First Standard Financial Company LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $281,500.00 in compensatory damages because Berardi was held liable on…
David Grant Conrad Morgan (also known as Joseph Edward Schepise), of South Norwalk, Connecticut, a stockbroker registered with National Securities Corporation, 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 Morgan made unsuitable recommendations of over-the-counter…
David Lee Hutchinson, of Bellevue, Washington, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Hutchinson made misrepresentations of material fact in connection with the sale of mutual funds when Hutchinson was…
David Richard Geake, of Northbrook, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Geake engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021072679901 (July 10, 2023). In September 2018, Ausdal Financial Partners disclosed…
Dominic Joseph Carlo, of New York, New York, a stockbroker registered with National Securities Corporation, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carlo engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2021070378301 (July 5, 2023). According to the AWC,…
Eugene Hyunwook Kim (also known as Gene Kim), of Red Bank, New Jersey, a stockbroker registered with National Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Kim based upon allegations that Kim “misappropriated” funds. Department of Enforcement v. Eugene…
Gustavo Santos Miramontes, of Los Angeles, California, a stockbroker registered with Oppenheimer Co. Inc., was the subject of a customer initiated investment related complaint that was settled on October 14, 2022, for $7,957.00 in damages based upon allegations that Miramontes engaged in unauthorized and unsuitable trading in stocks and mutual funds when Miramontes was associated…
James Petrizzo, of Boulder City, Nevada, a stockbroker registered with CUNA Brokerage Services Inc, has been denied registration by Wisconsin Office of the Commissioner of Insurance. Decision No. 21-C044204 (October 7, 2021). Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Petrizzo has also been fined $35,000.00 by Nevada Securities Division because Petrizzo submitted a…
Jason Steven Hawke, of Meridian, Idaho, a stockbroker registered with National Securities Corporation, 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 allegations that Hawke made unsuitable recommendations of private placements during the time that Hawke was associated…
John Clifford Park, of Sioux Falls, South Dakota, a stockbroker registered with FBL Marketing Services LLC, has been barred by Securities and Exchange Commission (SEC) because Park committed forgery. In the Matter of John Clifford Park, Order No. 3-20399 (July 16, 2021). SEC noted that on January 6, 2020, South Dakota’s Insurance Division (SDID), in…
John James Hoidas, of Skokie, Illinois, a stockbroker registered with Uhlmann Price Securities LLC (UPS), has been fined $40,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hoidas made unsuitable recommendations and caused the securities broker dealer to maintain false records or books. Letter…
John Kevin Barrett, of Westlake Village, California, a stockbroker registered with Emerson Equity LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barrett failed to respond to FINRA’s request for information. Letter No. 2020066078201 (July 26, 2021). FINRA sent Barrett suspension notices on April 21, 2021,…
Luke Michael Johnson, of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Johnson based upon allegations that Johnson made unsuitable recommendations. Department of Enforcement v. Luke Johnson, Complaint No. 2019061213402 (July 12,…
Nisreen Nina Kallabat Byrne (also known as Nisreen Diazakallabat and Nina Kallabatdaiza), of Bloomfield Hills, Michigan, a stockbroker registered with JP Morgan Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Byrne made…
Nordo Mauro Nissi, of Boston, Massachusetts, 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 $55,000.00 in damages based upon allegations that Nissi made misrepresentations and omissions of material fact, committed fraud, made unsuitable recommendations, and failed…
Preston Jason Bellaire, of Orlando, Florida, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Bellaire made misrepresentations of material fact about risks in connection with the sale…
Robert C. David Jr., of Farmington Hills, Michigan, a stockbroker registered with Morgan Stanley, has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because David falsified customer information. Letter of Acceptance, Waiver, and Consent No. 2019062180701 (April 7, 2022). On April 2,…
Robert Wyla Melberth (also known as Rob Melberth), of Sarasota, Florida, a stockbroker registered with Emerson Equity LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,276,000.00 in damages based upon allegations that Melberth committed fraud, violated state securities laws, breached…
Steven Andrew Hill (also known as Andy Hill), of Atwater, 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 compensation based upon allegations that Hill made misrepresentations of material fact in connection…
Thomas Phillip Simpson, of Clifton, Texas, a stockbroker registered with Farmers Financial Solutions LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Simpson failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Yuting Cheng, of Rowland Heights, 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 in which the customer requested $75,000.00 in damages based upon allegations that Cheng made unsuitable recommendations of direct investments (LP interests and DPP interests)…
Abbe Jan Wollins of Boca Raton, Florida, a stockbroker registered with David Lerner Associates Inc. (DLA), 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 Wollins made unsuitable recommendations. Letter of Acceptance, Waiver, and Consent No. 2019063686205 (June 20, 2023). According…
Brad Michael Jacobson of Linwood, New Jersey, 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 Jacobson failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of…
Brandon Leon of New York, New York, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,700.00 in damages based upon allegations that Leon made unsuitable recommendations of private placements when Leon was associated with National Securities Corporation. Financial…
Brian E. Patterson of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,750.00 in damages based upon allegations that Patterson made unsuitable recommendations of Real Estate Investment Trusts (“REITs”) during the time that Patterson was associated with Equitable…
Corey Jon Engelhard of Plantation, Florida, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on October 10, 2022, in which the customer requested compensation based upon allegations that Engelhard made unsuitable recommendations of unit investment trusts (“UITs”) during the time that Engelhard was associated with Morgan…
Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan), of Tustin, California, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $136,900.00 in damages based upon allegations that Couyoumjian engaged in unsuitable trading in Real Estate Investment Trusts…
Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of private securities, including Spyglass and MERCO during the time that…
Dennis Michael Williams, of Kansas City, Missouri, a stockbroker registered with Morgan Stanley Smith Barney LLC, has been fined $4,250.00 by Florida Office of Financial Regulation because Williams gave indvidiudals investment advice without registration. Order No. 112044-SR (December 13, 2022). In December of 2022, the regulator determined that Williams violated Florida Statute Section 517.12(4), because…
Douglas Blake Solinsky of New York, New York, a stockbroker registered with Newbridge Securities Corporation, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Solinsky engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2019064511203 (June 29,…
Helen Grace Caldwell of Chicago, Illinois, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA’s investigation into her potential outside business activities. Letter of Acceptance, Waiver,…
Henry Jihua Liu of Melville, New York, a stockbroker registered with Aegis Capital Corp., 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 Liu made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of alternative…
Jason Kemble Adams of Atlanta, Georgia, a stockbroker registered with JP Morgan 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 Adams engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078823301 (June 20,…
Jason Ryan Jaynes of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,850,000.00 in damages based upon allegations that Jaynes made misrepresentations of material fact and made unsuitable recommendations of commodities when Jaynes was…
John Mark Molskness of Carmel, Indiana, a stockbroker registered with Valic Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Molskness failed to respond to FINRA’s request for information. Letter No. 2021070932001 (September 6, 2022). Based on FINRA Suspension Notices sent on June 1…
Jonathan Walter Way of Napa, California, a stockbroker registered with Wedbush Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Way failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076025501…
Lawrence Charles Barrett (also known as Lawrence Barrett DiBartolomeo), of Orange Village, Ohio, a stockbroker registered with Lincoln Financial Advisors Corporation, 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 Barrett made unsuitable investment recommendations of oil and gas…
Mario Everildo Rivero Jr., of Red Bank, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC and LPL Financial LLC, has been barred as a stockbroker by Securities and Exchange Commission (SEC) because Rivero pled guilty to federal fraud charges. In the Matter of Mario E. Rivero, Order No. 3-21352 (March 28, 2023)….
Maurice Lawrence Naylon III of Buffalo, New York, a stockbroker registered with Lincoln Financial Advisors Corporation, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Naylon engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2021071098801…
Phillip Oxford Sherrill of Cornelius, North Carolina, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $595,000.00 in damages based upon allegations that Sherrill made unsuitable investment recommendations of oil and gas investments and direct investments when Sherrill was…
Randall George Skrabonja of Winter Park, Florida, a stockbroker registered with Green Vista Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Skrabonja failed to provide information and documents to FINRA when it investigated possible violations of FINRA Rules. Letter of Acceptance, Waiver, and Consent…
Raymond Sardina of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was 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 Sardina made unsuitable recommendations of stocks during the time that Sardina was associated with Raymond James…
Rogerio T. Almeida (also known as Rogerio De Almeida Filho), of Orange City, Florida, a stockbroker registered with Edward Jones, 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 Almeida engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…
Ron Keith Phillips of Walnut Creek, California, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Phillips mismanaged investment accounts when Phillips was associated with Morgan Stanley Smith Barney LLC. Financial…
Ronald Joseph Sagasser (also known as Ron Sagasser), of Miamisburg, Ohio, a stockbroker registered with W&S Brokerage Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sagasser failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…
Sevag Raffi Haddadian, of Brea, California, 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 Haddadian failed to respond to FINRA’s request for information. Letter No. 2022073907601 (January 23, 2023). FINRA’s bar followed its Suspension Notice and Suspension…
Steven Christopher Lovell of Columbus, Ohio, a stockbroker registered with Key Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 17, 2023, for compensation based upon allegations that Lovell made omissions of material fact about the surrender charges on variable annuities during the time that Lovell…
Surage Kamal Roshan Perera, of Melville, New York, a stockbroker registered with Aegis Capital Corp. is the subject of an enforcement action initiated by the United States Securities & Exchange Commission in which the regulator is seeking sanctions against Perera based upon allegations that Perera committed fraud and misappropriated funds. SEC v. Surage Kamal Roshan…
William Walter Leboeuf (also known as Bill Le Boeuf), of Beavercreek, Ohio, a stockbroker registered with Cetera Adviser Networks LLC, has been suspended by the state of Ohio because Leboeuf engaged in an undisclosed outside business activity and engaged in private securities transactions. Order No. 22-007 (May 18, 2022). This is not the first time…
Andrew Benjamin Edenbaum, of Aventura, Florida, a stockbroker formerly registered with Oppenheimer & Co., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Edenbaum failed to comply with an arbitration award obtained against by Oppenheimer & Co. FINRA Arbitration No. 20-00055 (June 21, 2022). However, only two…
Anthony Michael Gallea of Hendersonville, North Carolina, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Gallea made unsuitable recommendations of options when Gallea was registered with Morgan Stanley. Financial Industry Regulatory Authority (FINRA)…
Azmi P. Sharif of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on December 20, 2022, based upon allegations that Sharif engaged in an undisclosed outside business activity. The securities broker dealer stated that Sharif inadequately disclosed his business activities and had taken part in undisclosed…
Brody Ralph Bray of Atlanta, Georgia, a stockbroker registered with American Portfolios Financial Services Inc., 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 Bray engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2021072323701 (May…
Charles Schwab Co. Inc., a securities broker dealer headquartered in Westlake, Texas, has been censured and fined $350,000.00 by Financial Industry Regulatory Authority (FINRA) because it omitted important information concerning customers’ purchases of exchange traded notes. Letter of Acceptance, Waiver, and Consent No. 2020068047101 (June 8, 2023). According to the AWC, between January of 2016…
Wray Rodgers of Memphis, Tennessee, a stockbroker registered with Vining Sparks IBG LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rodgers failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2023078315401 (June 7,…
Daniel Edward Brunette (also known as Dan Brunette), of Indianapolis, Indiana, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related complaint that was settled on June 24, 2022, for $12,500.00 in damages based upon allegations that Brunette made unsuitable recommendations, failed to supervise certain representatives, committed fraud,…
Douglas Gene Schmitz (also known as Doug Schmitz), of Fargo, North Dakota, a stockbroker registered with Classic LLC and owner of Classic Asset Management LLC, has been censured and fined $100,000.00 by Securities and Exchange Commission (SEC) because Schmitz breached his fiduciary duties. In the Matter of Classic Asset Management LLC and Douglas G. Schmitz,…
Jeffrey Max Cohen of Henderson, Nevada, a stockbroker registered with Moloney Securities Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cohen failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Jeremy Jefferson Jacobson, of Metairie, Louisiana, 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 Jacobson engaged in discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2021071954502 (June 6, 2023). According to the…
Jermaine Kahlil also known as Jermaine Benjamin, of Tampa, Florida, a stockbroker registered with Pruco Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Benjamin failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver,…
John Calderwood Starke Sr., of Mechanicsville, Virginia, 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 $150.000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and corporate bonds when Starke was registered with…
John Nicholas Terzis of Skokie, Illinois, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Terzis borrowed customer funds. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, Terzis borrowed $200,000 from an elderly…
Joseph Martin Latour (also known as Joe Latour), of Springfield, Missouri, 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 $70,000.00 in damages based upon allegations that Latour made unsuitable recommendations of direct investments when Latour was registered…
Kale King Hoong Young, of Torrance, California, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Young falsified customer signatures. Letter of Acceptance, Waiver, and Consent No. 2020066352101 (June 8, 2023). According to the…
Kenneth James New of Merritt Island, Florida, 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 $393,000.00 in damages based upon allegations that New made unsuitable recommendations of alternative investments when New was registered with Center Street Securities…
Kumail Abbas (also known as Ken Abbas), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $181,056.00 in damages based upon allegations that Abbas charged excessive commissions and engaged in excessive and unauthorized trading…
Marinos Ballas of Melville, New York, a stockbroker registered with Aegis Capital Corp., 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 Ballas was negligent and breached his fiduciary duties in connection with the recommendation and sale of alternative investments…
Michelle Liao Wu of San Jose, California, a stockbroker registered with Principal Securities Inc., has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wu engaged in unauthorized or discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2022074969501 (June 16, 2023)….
Nabil Bouab (also known as Bilo Bouab), of Holbrook, New York, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that Bouab engaged in unsuitable trading, mismanaged investment accounts, made misrepresentations…
Patrick Thomas Gilbride of Brooklyn, New York, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on October 13, 2022, for $5,190.00 in damages based upon allegations that Gilbride engaged in unauthorized trading in mutual funds when Gilbride was registered with Edward Jones. This is…
Rene Javier Castro, of Chicago, Illinois, a stockbroker registered with Great Point Capital LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that Castro made unsuitable recommendations, was negligent, breached his fiduciary duties, breached a contract, and violated state securities…
Ricky Alan Mantei (also known as Ricky Mantel), of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., has been fined $15,000.00 and suspended for six months by FINRA according to a National Adjudicatory Council Decision containing findings that Mantei directed prearranged trades with counterparties. In the Matter of Department of Enforcement v. Ricky…
Robert Anthony Guidicipietro (also known as Robert Peters), of Bay Ridge, New York, a stockbroker registered with Arive Capital Markets, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Guidicipietro failed to comply with an arbitration award or settlement agreement or otherwise confirm his compliance. FINRA Case…
Robert T Li of Naperville, Illinois, a stockbroker registered with LPL Financial LLC, 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 Li made unsuitable recommendations of real estate securities and stocks when Li was registered with LPL Financial…
Robert Wesley Turley of New Port Richey, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,500.00 in damages based upon allegations that Turley made unsuitable recommendations of non-traded REITs when Turley was registered with Independent Financial Group…
Scott Jay Matalon, of New York, New York, 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 Matalon failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and…
Sean Pong (also known as Syany Pong), of Los Alamitos, California, a stockbroker registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pong failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver,…
Stuart Bryan Haw, of Bradenton, Florida, a stockbroker registered with Investors Capital Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $39,000.00 in damages based upon allegations that Haw made unsuitable recommendations, breached his fiduciary duties, made misrepresentations and omissions of material fact, and violated FINRA…
Park Avenue Securities, a securities broker dealer headquartered in New York, New York, has been censured and fined $30,000.00 because it failed to supervise a representative who engaged in outside business activities and private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2020066651002 (May 31, 2023). According to the AWC, between December of 2014…
Andrew Raskin 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 $32,500.00 in damages based upon allegations that Raskin made unsuitable investment recommendations during the time that Raskin…
Arkady Ginsburg of New York, New York, a stockbroker registered with Aegis Capital Corp., has been censured by the State of Maryland because he was sanctioned by Financial Industry Regulatory Authority (FINRA) for unsuitable and excessive trading. Consent Order No. 20220157 (June 14, 2022). Ginsburg’s registration has been withdrawn in the state, and he agreed…
Betsy Lou Whipple of Hiko, Nevada, 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 $500,000.00 in damages based upon allegations that Whipple breached a contract, made misrepresentations and omissions of material fact, and breached her fiduciary duties, and…
Brent Michael Foster of Indianapolis, Indiana, a senior wealth manager registered with Indie Asset Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $409,383.59 in damages based upon allegations that Foster breached his fiduciary duties, breached a contract, overconcentrated the customer’s account in certain investments,…
Bruce Allen Davis of Aventura, Florida, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Davis breached his fiduciary duties and committed fraud during the time that Davis was associated with Morgan Stanley. Financial Industry…
Bryan Edward Davidson of Scottsdale, Arizona, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on December 26, 2022, in which the customer requested compensation based upon allegations that Davidson mismanaged the customer’s account during the time that Davidson was associated with LPL Financial LLC. The…
Christopher John Carpenter (also known as Chris Carpenter), of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carpenter failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…
Daniel Keith Beech of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Beech was negligent and made misrepresentations of material fact in connection with the sale of corporate bonds…
David Sheldon Wells of Chicago, Illinois, a stockbroker registered with Fifth Third Securities Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Wells based upon allegations that Wells misappropriated funds. SEC v. David Sheldon Wells, No. 1:22-cv-05113 (September 20, 2022). According…
Eileen Law Cure (also known as Eileen Law Klein and Eileen Hall Law), of Nederland, Texas, a stockbroker registered with HD Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,833.00 in damages based upon allegations that Cure made unsuitable recommendations of direct investments (limited…
Fariba Zehtabian Madison of Los Alamitos, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Madison made misrepresentations of material fact in connection with the sale of corporate bonds during the…
Hagop Jack Nalbandian of Encino, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $108,500.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of real estate investment trusts when Nalbandian was associated with Western International Securities…
Jason Lee Pintus of Point Pleasant Beach, New Jersey, 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 Pintus failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules on excessive and…
Jeffrey Dampf of Totowa, New Jersey, a stockbroker registered with PFS Investments Inc., has been barred as a stockbroker by New Jersey Bureau of Securities because Dampf was the subject of a different regulatory enforcement action resulting in his expulsion from the securities industry. New Jersey Bureau of Securities Order (October 19, 2022). Specifically, Dampf…
Keith Craig Baron of Jericho, New York, a stockbroker registered with Equity Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Baron “misappropriated funds” in connection with the sale of oil and gas investments during the time that Baron…
Kevin Cory of New York, New York, a stockbroker registered with RF Lafferty Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cory made misrepresentations and omissions of material fact. Letter of Acceptance, Waiver, and Consent No. 2022073802901 (May 26, 2023). According to the AWC,…
Leigh Eran Einhorn (also known as Lee Einhorn) of West Caldwell, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on April 14, 2023, to resolve allegations that Einhorn made omissions of material fact and made unsuitable investment recommendations of…
Mark Ryan Bierdeman of Fargo, North Dakota, a stockbroker registered with Ameriprise Financial Services Inc., has been fined $2,500.00 by State of Minnesota Department of Commerce because Bierdeman made unsuitable recommendations in connection with the replacement of a customer’s life insurance policy. Order No. 2909 (November 17, 2022). Public Disclosure shows that Bierdeman is also…
Matthew Eric Platnico of New York, New York, a stockbroker registered with Allied Millennial Partners LLC, has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Platnico engaged in unsuitable and unauthorized trading in a customer’s account. Letter of Acceptance, Waiver, and…
Michael James Thaler of Henrico, Virginia, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a regulatory investigation that resulted from a customer’s complaint about the stockbroker during the time that Thaler was associated with Cambridge Investment Research Inc. Commonwealth of Virginia Investigation (November 17, 2022). Financial Industry Regulatory Authority (FINRA) Public…
Morgan Darby Hill of Knoxville, Tennessee, 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 $60,000.00 in damages based upon allegations that Hill made unsuitable investment recommendations of alternative investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02835…
Paul Joseph Brent of Grosse Pointe Farms, Michigan, a stockbroker registered with Morgan Stanley, 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 Brent made misrepresentations of material fact in connection with the sale of preferred common and preferred…
Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates 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 Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…
Philip Norris Smith (also known as Philip Norris Smith), of Woodland Hills, California, a stockbroker registered with Equitable Advisors 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 Smith made unsuitable investment recommendations to an Equitable Advisors customer in connection…
Thomas Diamante of Babylon Village, New York, a stockbroker registered with SW Financial, has been fined $50,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diamante deceived investors in connection with the sale of private placement offerings of pre-IPO funds. Letter of Acceptance, Waiver,…
William Benjamin Greenman of Bellmore, New York, a stockbroker registered with Equitable Advisors LLC, has been discharged by the securities broker dealer on November 21, 2022, based upon allegations that Greenman was the subject of a customer complaint. Public Disclosure reveals that on November 14, 2022 – a week prior to the termination – a…
Rande Scott Aaronson of Lawrenceville, New Jersey, a stockbroker and principal of David Lerner 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 principal capacity based upon consenting to findings that he failed to supervise stockbrokers’ sales of limited partnerships to…
Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National 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 Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry…
Stephenie Ashley Collins (also known as Stephenie Ashley Purvine), of Cordell, Oklahoma, a stockbroker registered with State Farm VP Management Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Collins converted funds. Letter of Acceptance, Waiver, and Consent No. 2023078014501 (April 13, 2023). According to the…
Patrick Christopher Durst of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corp., 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 Durst made unsuitable recommendations of certain alternative investments during the time that Durst was associated with Lifemark…
Kenneth Joseph Fisher III of Sewickley, Pennsylvania, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $10,142.17 in damages based upon allegations that Fisher breached his fiduciary duties in connection with the recommendation and sale of stocks when…
Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to…
Howard Hao-Chung Hsieh (also known as Hao-Chung Howard Hsieh), of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hsieh made unsuitable recommendations of real estate securities when Hsieh was associated…
Jason Wellington Jodway, of Waterford, Michigan, a stockbroker registered with Allstate Financial Services LLC was the subject of a civil action brought by Michigan Corporations, Securities, and Commercial Licensing Bureau. According to a Default Judgment, Jodway violated state securities laws by engaging in securities business without registration and making omissions of material fact. Case No….
Kevin Dominic Klickna, of Springfield, Illinois, a stockbroker registered with Equitable Advisors 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 Klickna committed forgery. Acceptance, Waiver, and Consent No. 2021071200801 (January 4, 2023). In April 2021, Equitable Advisors LLC submitted…
Delio Eduardo Londono (also known as Del Londono), of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint filed on December 14, 2021, in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations of material…
George Ly of Los Angeles, California, 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 $700,000.00 in damages based upon allegations that Ly made unsuitable investment recommendations of Real Estate Investment Trusts (REITs) during the period that Ly was…
Joel Christopher Riedel of Lockport, New York, a stockbroker registered with NYLife Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Riedel lied and mismarked order tickets to falsely claim that investors purchased questionable Unit Investment Trusts (“UITs”) on…
Marcus Kovac Moon, of Miramar, Florida, a stockbroker registered with NYLife Securities LLC, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Moon made improper recommendations and engaged in securities business without the proper registration. SEC v. Marcus K. Moon, Complaint No. 0:23-cv-60715 (April 17, 2023). The Complaint filed by…
Scott Paul Smith of Huntington Beach, California, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith borrowed customer funds. Acceptance, Waiver, and Consent No. 2020066349702 (January 5, 2023). Smith served as a registered representative at Edward…
Kyle W. Steibel, of Belleville, Illinois, a stockbroker registered with CUNA Brokerage Services Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Steibel failed to respond to FINRA’s request for information. FINRA Case No. 2022074241501 (May 1, 2023). According to FINRA’s Notice of Suspension letter issued…
Anthony Michael Tassone, of Springfield, Massachusetts, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint filed on October 24, 2022, in which the customer requested compensation based upon allegations that Tassone caused the customer to believe that their principal would not be reduced in an…
David Brian Test of Dallas, Texas, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 21, 2021, for $18,221.12 in damages based upon allegations that Test made omissions of material fact in connection with the sale of municipal bonds during…
Chingyuan Chang (also known as Gary Chang), of Cupertino, California, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chang failed to testify when FINRA investigated the stockbroker for possible misappropriation. Acceptance, Waiver, and Consent No. 2022075871401 (December 19, 2022). On…
Kenneth John Byrne of Garden City, New York, a stockbroker registered with Janney Montgomery Scott LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Byrne failed to testify during the period that FINRA investigated the stockbroker for possible unsuitable investment recommendations. Acceptance, Waiver, and Consent No….
Clinton F. Byrd, of Tallahassee, Florida, a stockbroker registered with Cantella Co. Inc., has been discharged by the securities broker dealer on May 28, 2021, based upon allegations that Byrd failed to disclose certain outside business activities. On January 9, 2023, Byrd was suspended by FINRA for the undisclosed sale of promissory notes. Department of…
Brian M. Wurdemann, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wurdemann failed to comply with an arbitration award rendered against him for collection on a promissory note FINRA Arbitration No. 22-01681 (March…
Avi J. Bialo, of Los Angeles, California, a stockbroker registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $160,000.00 in damages based upon allegations that Bialo made unsuitable recommendations of alternative investments during the time that Bialo was associated with…
Brian Andrew Horn, of Hunt Valley, Maryland, 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 Horn made unsuitable recommendations of oil and gas investments when Horn was associated with Lincoln Financial Advisors…
Christopher Cook Leith Hartman (also known as Chris Hartman and as Kit Hartman), of Santa Barbara, California, a stockbroker registered with Kovack Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hartman made unsuitable recommendations of real estate investment…
Cullen David Factor (also known as David James Biberman and as Cullen Austin Factor), of Wellesley Hills, Massachusetts, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Factor failed to testify when FINRA investigated the stockbroker for possible violations…
David Jonathon Feigeles of Melville, New York, a stockbroker registered with Oppenheimer Co. Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,500,000.00 in damages based upon allegations that Feigeles breached his fiduciary duties, breached a contract, converted funds, was negligent, failed to supervise certain…
Edward Scott Short of Melville, New York, a stockbroker registered with Laidlaw Company (Uk) Ltd., has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Short engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2020065683302 (January 31,…
Emilio Guajardo Jr., of Houston, Texas, a stockbroker registered with BBT Securities LLC, was the subject of a customer initiated investment related complaint that was settled on August 26, 2022, for $607,856.00 in damages based upon allegations that Guajardo made misrepresentations of material fact in connection with the sale of unit investment trusts when Guajardo…
Genevieve Garcia Mar (also known as Gen Mar), of Northbrook, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which customers were collectively awarded $467,000.00 in compensatory damages because Mar was held liable on the customer’s claims, including that…
James Patrick Shawver (also known as Jim Shawver), of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.01 in damages based upon allegations that Shawver made unsuitable recommendations of non-traded real estate investment trusts…
James Vincent Pucciarelli of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Pucciarelli made unsuitable recommendations of stocks during the time that Pucciarelli was associated with Morgan Stanley. Financial…
John Thomas Holly Sr. (also known as Tom Holly), of Boca Raton, Florida, a stockbroker registered with National Securities Corporation, 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 Holly made unsuitable recommendations of GWG private placements when Holly…
Kirk Edward Pickell of Providence, Rhode Island, 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 $100,000.00 in damages based upon allegations that Pickell made unsuitable recommendations, made omissions of material fact, and charged excessive fees in connection with…
Laurence Geoffrey Allen of Rye Brook, New York, a stockbroker registered with NYPPEX LLC, has been denied registration as a stockbroker with NYPPEX, LLC, by FINRA’s National Adjudicatory Council because of the potential risk of harm to investors, given that Allen was accused of fraud and violating New York state securities laws. NAC Decision, No….
Lon Charles Faccini Jr. of Coram, New York, a stockbroker registered with Arive Capital Markets, 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 Faccini engaged in excessive and unsuitable trading and had inappropriately used margin in customer accounts. Letter of…
Michael Ciro Colletti of Glen Cove, New York, a stockbroker registered with The Investment Center Inc., is the subject of an enforcement action initiated by FINRA in which the regulator is seeking sanctions against Colletti based upon allegations that Colletti engaged in unauthorized and unsuitable trading. Department of Enforcement v. Colletti, Complaint No. 2019061942901 (February…
Michael John Laderer of Uniondale, New York, a stockbroker registered with Henley Company LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $450,000.00 in damages based upon allegations that Laderer failed to supervise a stockbroker in connection with the sale of investments when Laderer was associated…
Michael Leonard Whitaker (also known as Mike Leonard Whitaker), of The Villages, Florida, 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 $70,000.00 in damages based upon allegations that Whitaker breached his fiduciary duties, breached a contract, was negligent,…
Michael Patrick Raineri of Seattle, Washington, a stockbroker registered with KMS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Raineri converted customer funds. Letter of Acceptance, Waiver, and Consent No. 2023078057401 (April 18, 2023). According to the AWC, starting in August of 2018,…
Mitchell Charles Barnes (also known as Mitch Barnes), of Louisville, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $87,374.00 in damages based upon allegations that Barnes engaged in unauthorized trading in a trust account without…
Rene Adolfo Bolivar (also known as Rene Bolivar) of Salinas, California, a stockbroker registered with First Allied Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bolivar failed to testify and provide information and documents to FINRA when it investigated possible violations of FINRA rules….
Ryan Bartholomew Lacedonia, of Tampa, Florida, a stockbroker registered with TIAA-Cref Individual and Institutional Services LLC, was the subject of a customer initiated investment related complaint filed on October 26, 2022, in which the customer requested $35,000.00 in damages in the form of a rebate of all fees and commissions based upon allegations that Lacedonia…
Shahab Seyedshahab Tagnavidinani (also known as Shahab Dinani, Sean S. TagnaviDinani, and as Sean Tag), of Irvine, California, a stockbroker registered with Park Avenue Securities LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because TagnaviDinani engaged in unauthorized trading. Letter…
Steven M. Netzel (also known as Steve M. Netzel), of Chandler, Arizona, a stockbroker registered with Kalos Capital Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Netzel made unsuitable recommendations and caused the securities broker dealer to maintain false…
Todd Ray Anderson of Tucson, Arizona, a stockbroker registered with Cetera Advisors LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson made unsuitable investment recommendations of mutual funds. Letter of Acceptance, Waiver, and Consent No. 2019063749201 (April 20, 2023). According…
Tori K. Uhiren (also known as Tori K. Hickey), of Bloomington, Illinois, a stockbroker registered with State Farm VP Management Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Uhiren failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules….
William Lapiana (also known as Bill Lapiana), of New York, New York, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Lapiana made unsuitable investment recommendations, made misrepresentations of material fact, and failed…
William Lee Notrica of Newport Beach, California, a stockbroker registered with RBC Capital Markets LLC, has been discharged by the securities broker dealer on January 20, 2022, based upon allegations that Notrica engaged in discretionary trading. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Notrica is referenced in nine customer initiated investment related disputes concerning…
Donnie Eugene Ingram (also known as Don Ingram), of Winter Haven, Florida, a stockbroker registered with Centaurus Financial Inc., has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ingram made unsuitable investment recommendations. Department of Enforcement v. Ingram et al., Order…
Alexander Strachan Hackley (also known as Lex Hackley), of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corporation, 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 Hackley breached his fiduciary duties to the customer, failed to supervise certain…
Andrew Justin Grant (also known as Andy Grant), of Melville, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., 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 Grant engaged in unauthorized trading during the time that he was associated…