Jerry Lawrence Goldblum, of New York, 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 $10,683.67 in damages based upon allegations that Goldblum made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the…
James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities, Inc. (FKA David A. Noyes Company), was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments…
Eric Shea Hollifield, of Dacula, Georgia, a stockbroker registered with LPL Financial LLC is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Hollifield based upon allegations that Hollifield committed securities fraud. Securities and Exchange Commission v. Eric S. Hollifield, Civil Action No. 2:22-CV-129-RWS (June 30, 2022)….
Desiderio Eloy Torrez, of San Diego, 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 Torrez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
David William Jack of Paramus, New Jersey, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on October 31, 2022, in which the customer requested compensatory damages based upon allegations that Jack made unsuitable recommendations of structured products when Jack was associated with Morgan Stanley. This is…
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 from an elderly customer. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, in December…
Joseph Michael Fedorko Jr., of Greenwich, Connecticut, a stockbroker registered with Laidlaw Company Ltd., has been fined $7,500.00 by Connecticut’s Banking Commissioner because Fedorko engaged in excessive and unauthorized trading and engaged in business as an unregistered investment adviser agent. Case No. CO-22-20225-S (May 17, 2022). Fedorko has also been fined $7,500.00 and suspended for…
Leonid Yurovsky (also known as Lenny Yurovsky), of Mineola, New York, a stockbroker registered with Joseph Stone Capital LLC., has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Yurovsky engaged in excessive and unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2020066888401 (December…
Marc Frederick Korsch of Sarasota, Florida, 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 based upon allegations that Korsch recommended risky corporate bonds when Korsch was associated with Centaurus Financial Inc. Financial Industry Regulatory Authority…
Peter N. Girgis of New York, New York, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,057,195.00 in damages based upon allegations that Girgis engaged in excessive and unsuitable trading, charged excessive commissions, and made misrepresentations of material fact…
Adam S. Feierstein of Redondo Beach, California, a stockbroker registered with Concourse Financial Group Securities Inc. (FKA ProEquities), 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 Feierstein made the unsuitable investment recommendation of variable annuities when Feierstein was…
David Earl Kimbler of Ferndale, Washington, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint filed on November 14, 2022, in which the customer requested compensation based upon allegations that Kimbler engaged in unauthorized trading and withdrew funds without authorization when Kimbler was associated with Securities America…
Archie Abel Blood Jr. (also known as Bud Blood), of Holland, Michigan, a stockbroker registered with Cambridge Investment Research 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 Blood engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent…
David Cameron Monckton of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Monckton made unsuitable investment recommendations in connection with the sale of real estate securities when Monckton…
William Jeffrey Michero (also known as Jeff Michero), of Fort Worth, Texas, a stockbroker registered with Cambridge Investment Research Inc., is the subject of a fraud investigation initiated by Texas Department of Insurance on May 17, 2022. This is not the first time that Michero has been the subject of a regulatory matter concerning Michero’s…
William Joseph Conn (also known as Bill Conn), of San Francisco, California, 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 between $1,000,000.00 and $5,000,000.00 in damages based upon allegations that Conn made unsuitable recommendations, made omissions of…
David Brian Test of Dallas, Texas, a stockbroker registered with Northwestern Mutual Investment Services LLC, 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 he falsified documents and forged customer signatures. Letter of Acceptance, Waiver, and Consent No. 2021072263801 (January 19,…
Matthew Gary Barks (also known as Matt Barks) of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to testify in a FINRA investigation relating to the basis behind his termination from Park…
Suzanne Therese Charrin (also known as a Suzanne Charrin Oathout), of Greenwood Village, Colorado, a stockbroker registered with Woodbury Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because supposedly she incorrectly described her outside business activities as involving lavender oil instead of CBD oil,…
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 based upon consenting to findings that he engaged in unauthorized trading and mismarked an order ticket when he was…
Jason Edward Seurer of Maple Plain, Minnesota, a stockbroker registered with Landolt Securities Inc., 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 Seurer made unsuitable investment recommendations of GWG L-bonds when Seurer was associated with Landolt Securities Inc. Financial…
Hugh Ordway Barndollar III (also known as Hobby Barndollar), of Land O’ Lakes, Florida, a stockbroker registered with Crown Capital Securities L.P., has been fined $10,000.0 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barndollar engaged in private securities transactions or selling away. Letter…
Robert Allen Koestler (also known as Bob Koestler), of Prairie Du Chien, Wisconsin, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Koestler failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA rules….
William John Braun (also known as Bill Braun), 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 $200,000.00 in damages based upon allegations that Braun made unsuitable investment recommendations of private placements during the time…
John Stephen Pronovost of Watertown, Connecticut, 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 $13,284.42 in damages based upon allegations that Pronovost made misrepresentations of material fact in connection with the recommendation and sale of LJM Preservation and…
Stephen Paul Courtney of Pasadena, California, a stockbroker registered with Stifel Nicolaus Company Incorporated, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $70,000.00 in damages based upon allegations that Courtney was negligent, made unsuitable recommendations, made misrepresentations and omissions of material fact, committed fraud, and violated…
Mark David Yadron (also known as Mark Lynn Yoder), of Prescott, Arizona, 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 24, 2020, for $4,986.71 in damages based upon allegations that Yadron made unsuitable recommendations of mutual funds during…
Louis Martin Wargo of Brecksville, Ohio, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $19,000.00 in damages based upon allegations that Wargo made unsuitable investment recommendations, was negligent, breached his fiduciary duties, breached a contract, and made misrepresentations and…
Roger Allan Duval of Spokane, Washington, 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 $30,000.00 in damages based upon allegations that Duval failed to repay customer funds that Duval “borrowed” when he was associated with MML Investors Services…
Arthur Solomon Grossbard (also known as Artie Grossbard), of West Orange, New Jersey, a stockbroker registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Grossbard made unsuitable investment recommendations of private placements when…
Kevin Thomas Fles of Sikeston, Missouri, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related civil action that was settled for $15,000.00 in damages based upon allegations that Fles made unsuitable investment recommendations of real estate securities during the time that Fles was associated with Cetera Advisors LLC….
David Lau (also known as David Luu), of Santa Rosa, California, a stockbroker registered with Morgan Stanley, has been fined $6,000.00 and suspended for twenty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lau engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2021070917301 (November 18,…
Loren Justin Morrison, of Southfield, Michigan, a stockbroker registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,843,116.64 in damages based upon allegations that Morrison was negligent, breached a contract, breached his fiduciary duties, and made unsuitable investment recommendations during…
Patrick Anthony Perugino II (also known as Pat Perugino) of New York, New York, a stockbroker formerly registered with Spartan Capital Securities 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 Perugino engaged in unauthorized trading. Letter of Acceptance, Waiver,…
Leo Li-Yuan Chien of San Gabriel, 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 $170,000.00 in damages based upon allegations that Chien made unsuitable investment recommendations of direct investments and real estate securities or Real Estate Investment…
Mary Turner Moose (also known as Mary Elizabeth Turner), of Greenwood Village, Colorado, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related civil action in which the customer requested $450,000.00 in damages based upon allegations that Moose was negligent and failed to supervise certain registered representatives in connection…
Richard Foerster Reynolds of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Reynolds made unsuitable investment recommendations, engaged in unauthorized trading, churned the customer’s accounts, committed fraud,…
Mark Fred Augusta (also known as Mark Fredrick Augusta), of Cardiff, California, a stockbroker registered with Hilltop Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $24,999.00 in damages based upon allegations that Augusta engaged in unauthorized trading and made unsuitable investment recommendations when Augusta…
Todd David Ellis, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, was the subject of a customer initiated investment related complaint filed on March 7, 2022, in which the customer requested compensation based upon allegations that Ellis made unsuitable recommendations of structured notes during the time that Ellis was associated…
David Ray Barnes, 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 $3,400,000.00 in damages based upon allegations that Barnes made unsuitable investment recommendations of master limited partnerships, preferred stocks, and lines of credit during…
Edward Lawrence Turley (also known as Ed Turley), of San Francisco, California, 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 Turley failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance,…
Jon Christopher Vinge, of Seattle, Washington, a stockbroker registered with Intervest International Equities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $183,000.00 in damages based upon allegations that Vinge breached his fiduciary duties, made unsuitable recommendations, made misrepresentations and omissions of material fact, and…
Benjamin William Belanger (also known as Ben Belanger), of Glendale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Belanger made unsuitable investment recommendations, failed to perform due diligence, breached his…
Michael Joseph Lancaster (also known as Mike Lancaster), of Canton, Ohio, a stockbroker 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 in any capacity because Lancaster made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2021070463601 (November…
Chad Edward Allen of New York, New York, a stockbroker registered with Oppenheimer & Co. Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Allen committed fraud, engaged in excessive and unauthorized trading, made unsuitable recommendations, and failed to…
Scot Barringer of Los Angeles, California, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related complaint that was settled on September 15, 2022, for $50,000.00 in damages based upon allegations that Barringer made unsuitable recommendations of GWG L-bonds when Barringer was associated with Westpark Capital Inc. Financial Industry…
Christopher Warren Wright (also known as Chris Wright), of Prescott, Arizona, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Wright made unsuitable recommendations of GWG L-bonds during the time that…
Jesus Manuel Bravo (also known as Jesse Bravo), of Plainview, New York, a stockbroker registered with Joseph Stone Capital LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bravo made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2020066887401 (November 22,…
Michael Joseph Kane III off Plano, Texas, a stockbroker registered with Hilltop Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $135,000.00 in damages based upon allegations that Kane made unsuitable recommendations and made misrepresentations and omissions of material fact in connection with the…
Sean Daniel McDevitt of Chappaqua, New York, a stockbroker registered with Campfire Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that McDevitt solicited an outside investment arrangement in which funds were potentially misappropriated. Financial Industry Regulatory Authority (FINRA)…
John Eugene Egan of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Egan breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to…
Jeffrey Scott Graves (also known as Jeff Graves), of Addison, TX, a stockbroker registered with FFEC Wealth Partners LLC, has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Graves failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Dexter Leroy Thomas of Dallas, TX, a stockbroker registered with National Planning Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Thomas failed to supervise certain registered representatives, whom were negligent, or made unsuitable recommendations, breached their fiduciary duties, and…
Peter Lewis Goffin of Boca Raton, FL, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Goffin committed fraud, made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with…
Joseph Patrick Roop (also known as JoePat Roop), of Belmont, NC, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $220,000.00 in damages based upon allegations that Roop was negligent, breached his fiduciary duties, made misrepresentations of material…
Barry Lee Garapedian of Westlake Village, CA, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Garapedian caused the securities broker dealer to maintain false records or books. Letter of Acceptance, Waiver, and Consent No….
Brian Robert Roth of Morristown, NJ, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Roth made misrepresentations and omissions of material fact and failed to supervise certain registered representatives in connection…
Christine Anne Warner (also known as Christine Anne Schneider), of Monaca, PA, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for forty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Warner failed to supervise certain registered representatives. Letter of Acceptance, Waiver,…
Scott Wayne Reed of Scottsdale, AZ, a stockbroker registered with Wells Fargo Clearing Services LLC, has been fined $50,000.00 and barred as a stockbroker by the state of Arizona because Reed failed to make regulatory disclosures and he engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. S-21132A-20-0370 (March 24, 2022). Reed…
Shirley Ank Wong (also known as Kuan An Huang or Shirley Ankuan Huang), of Daly City, CA, a stockbroker registered with Ni Advisors, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Wong made misrepresentations of material fact, breached…
Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…
Nick Eugene Son of New York, NY, a stockbroker registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $261,765.21 in damages based upon allegations that Son made unsuitable recommendations, breached a contract, and breached his fiduciary duties in connection with the sale…
Douglas Fulton Kaiser (also known as Doug Kaiser), of Boca Raton, FL, a stockbroker registered with Westpark Capital Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Kaiser failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Daniel Pita of Southwest Ranches, FL, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member because Pita failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v. Daniel Pita, Default Decision, Disciplinary Proceeding No….
Fernando Silva of Tucson, AZ, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Silva failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2022076360101 (December 6,…
Luke Michael Johnson of Scottsdale, AZ, a stockbroker registered with Coastal Equities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $275,000.00 in damages based upon allegations that Johnson made unsuitable recommendations of direct investments and real estate securities when Johnson was associated with Coastal Equities…
Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s…
John Kennedy Ulwick of Fort Wayne, IN, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Ulwick made unsuitable recommendations of oil and gas investments when Ulwick was associated with Lincoln Financial Advisors…
Eugene Arthur McAdams (also known as Eugene Arthur Mc Adams), of Center Moriches, NY, a stockbroker registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McAdams failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules with…
Christopher David Sinkula of Stuart, Florida, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Sinkula made unsuitable recommendations of high yield securities when Sinkula was associated with Janney Montgomery Scott LLC….
Mei Xia Guo (also known as Gracie Guo), of Monterey Park, CA, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Guo made unsuitable recommendations of real estate securities when Guo was…
Philippus Theunis Van Staden (also known as Philip Van Staden), of Atlanta, GA, a stockbroker registered with The Strategic Financial Alliance Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $90,000.00 in damages based upon allegations that Van Staden failed to perform due diligence, made unsuitable…
Sean T. Sullivan of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Sullivan made unsuitable investment recommendations when Sullivan was associated with Aegis Capital Corp. FINRA Public Disclosure shows…
Jeffrey Brian Forehand (also known as Jeff Forehand) of Myrtle Beach, SC, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,600.00 in damages based upon allegations that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed…
Matthew Stern Buchsbaum of New York, NY, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on October 21, 2022, in which the customer requested compensation based upon allegations that Buchsbaum made unsuitable investment recommendations and made misrepresentations of material fact during the time that…
Ronald Lewis Millar III of Weston, FL, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related complaint filed on June 15, 2022, in which the customer requested compensation based upon allegations that Millar made unsuitable recommendations of fixed annuities and mutual funds and mismanaged investment accounts during…
Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments, Real Estate…
Travis John Wolfe of Downers Grove, IL, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Wolfe made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Lee Ray Diedrich of Great Falls, MT, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Diedrich committed forgery. Letter of Acceptance, Waiver, and Consent No. 2022074303701 (November 16, 2022). According to the AWC,…
Justin Allen Anderson, of Austin, TX, a stockbroker registered with CUSO Financial Services LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. No. 2021071179201 (November 23, 2022). According to the AWC,…
Ahmed Ghassan Gheith (also known as Andy Gheith), of New York, NY, a stockbroker registered with Noble Capital Markets Inc., has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gheith engaged in the unauthorized solicitation of private placements. Letter of Acceptance,…
Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…
Jeffrey John Furniss of Annapolis, MD, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Furniss made unsuitable recommendations of oil and gas investments when Furniss was associated with Lincoln Financial Advisors Corporation. Financial…
Caz Craffy (also known as Carz Levinski Craffey), of Point Pleasant Beach, NJ, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Craffy failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA…
Michael Christopher Blumer (also known as Christopher Blumer), of Melville, NY, a stockbroker registered with SW Financial, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $45,405.00 in damages based upon allegations that Blumer was negligent, made unsuitable recommendations, and breached his fiduciary duties in connection…
Jake Louis Fruge of Houston, TX, a stockbroker registered with PFS Investments Inc., was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $13,648.25 in damages based upon allegations that Fruge made unsuitable recommendations of variable annuities when Fruge was associated with PFS Investments Inc. This is…
Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs during…
Thais Drummond Piotrowski (also known as Thais Drummond Moreira), of Boca Raton, FL, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Piotrowski made unsuitable recommendations of Business Development Companies or…
Albert Foronda of New York, NY, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Foronda breached his fiduciary duties, breached a contract, and was negligent in connection with the recommendation and…
Frank Louis Avallone of New York, NY, a stockbroker registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Avallone made unsuitable recommendations, breached his fiduciary duties, committed fraud, and violated FINRA rules in connection with the…
Regan Allen Rohl, of Fargo, ND, a stockbroker registered with Wells Fargo Advisors Financial Network LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,025,000.00 in damages based upon allegations that Rohl engaged in unauthorized trading and made unsuitable recommendations of Master Limited Partnerships “MLPs” during…
Tim Russell Gerds (also known as Tim Gerds), of Hubertus, WI, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 16, 2021, for $50,000.00 in damages based upon allegations that Gerds engaged in unauthorized trading and charged excessive fees in connection…
Robert D’Agosta of Cedar Rapids, IA, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that D’Agosta made unsuitable recommendations, made misrepresentations and omissions of material fact, and failed to perform…
Farrukh Shazad Kazmi, of Moorestown, NJ, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Kazmi made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Thomas Michael Rauchegger, of Maitland, FL, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Rauchegger made unsuitable recommendations of real estate securities during the time that Rauchegger was associated with Kalos Capital…
Bernard F. Jasmin (also known as Berny Francis and Berny Jazz), of New York, NY, a stockbroker registered with Empire Asset Management Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $4,800,000.00 in damages based upon allegations that Jasmin committed fraud, churned the customer’s accounts,…
Cathie Ann Joughin (also known as Cathie Joughin Barnard), of Bakersfield, CA, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Joughin failed to provide information and documents to FINRA during the time that it investigated possible violations of…
Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…
Michael Girard DeLuca (also known as Mike DeLuca) of Beaver Falls, Pennsylvania, a stockbroker registered with Fortune Financial Services Inc., has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based because DeLuca failed to supervise certain representatives’ annuity exchanges and surrenders….
David Fleming Crossan of Manchester, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Crossan breached his fiduciary duties, charged excessive commissions, and was negligent in connection…
Joseph Francis Comiskey Jr. of Ronkonkoma, NY, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,500.00 in damages based upon allegations that Comiskey made misrepresentations of material fact, was negligent, and breached his fiduciary duties in connection with…
Kurt Russell Baldry of Ostego, MN, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Baldry made unsuitable investment recommendations of direct investments and oil and gas investments during the time…
Robert Thomas Crothers of Holbrook, NY, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $55,000.00 in damages based upon allegations that Crothers made unsuitable investment recommendations, committed fraud, breached a contract, breached his fiduciary duties, and was…
Christopher Robert Black (also known as Chris Black), of Houston, TX, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable investment recommendations of…
Erkan Eric Afacan of Paramus, New Jersey, a stockbroker registered with Cambridge Investment Research Inc., has been permitted to resign on September 30, 2022, based upon allegations that Afacan failed to comply with the securities broker dealer’s policies regarding covering client account losses. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Afacan is referenced…
Douglas Eugene Keller (also known as Douglas Eugene Savery), of Red Bank, New Jersey, a stockbroker registered with Equitable Advisors LLC (AXA Advisors LLC), was the subject of a customer initiated investment related complaint that was settled on December 9, 2020, for $5,396.04 in damages based upon allegations that Keller made misrepresentations of material fact…
William Martin Ornstein of Fairfield, Connecticut, a stockbroker registered with GMS Group, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $28,500.00 in damages based upon allegations that Ornstein was negligent, made misrepresentations of material fact, and breached his fiduciary duties in connection with the recommendation and…
Christopher Alexander Polinaire (also known as Chris Polinaire), of Hauppauge, New York, a stockbroker registered with Arive Capital Markets, has been fined $7,500.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Polinaire engaged in excessive trading and made unsuitable recommendations. Letter of Acceptance, Waiver,…
David Roger Hirons of San Diego, California, a stockbroker registered with Wedbush Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations of trading execution errors during the time that Hirons was associated with Wedbush Securities Inc. Financial Industry Regulatory Authority…
Charles Vincent Malico (also known as Charlie Malico), of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Malico engaged in quantively unsuitable trading in the customer’s account….
Brad Richard Small of Reading, Pennsylvania, a stockbroker registered with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Small breached a contract in connection with the recommendation and sale of investments during the time that…
Curtis Lee Howard (also known as Curt Howard), of Sapulpa, Oklahoma, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Howard breached his fiduciary duties, was negligent, breached a contract, and committed fraud in…
Christopher John Shaw (also known as Chris Shaw), of Belmont, North Carolina, a stockbroker registered with Pruco Securities LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shaw engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2020067955001 (November 7, 2022)….
Trevor Lee Gordon of Greenville, South Carolina, a stockbroker registered with Sandlapper Securities LLC, was sanctioned by FINRA based upon allegations that Gordon failed to comply with an arbitration award or otherwise confirm compliance with the regulator. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01008 (August 20, 2021). Gordon and Sandlapper Securities LLC were ordered to…
Kenneth Anthony Luccioni of Sacramento, California, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Luccioni made unsuitable recommendations of mutual funds when Luccioni was associated with Triad Advisors LLC. Financial Industry…
Dorinda Lynn Lumpkin (also known as Dorinda Lynn Bludsworth), of Gadsden, Alabama, a stockbroker registered with BBVA Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lumpkin failed to respond to FINRA’s request for information. FINRA Case No. 2020067150401 (January 4, 2021). According to FINRA…
Victor A. Rigoni III of Lake Forest, Illinois, a stockbroker registered with Cetera Advisor Networks LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rigoni failed to make regulatory disclosures. Department of Enforcement v. Victor A. Rigoni III, Order Accepting…
Rafael Golan (also known as Rafi Golan), of Delray Beach, Florida, a stockbroker registered with Crystal Bay Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,300,803.00 in compensatory damages and $50,000.00 in punitive damages because Crystal Bay Securities Inc. was held liable…
Gregory Alan Levine of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Levine “borrowed” money from the customer when Levine was associated with First Allied Securities Inc. Financial…
Kyle Robert Franklin of Roseville, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Franklin made unsuitable recommendations, breached his fiduciary duties, breached a contract, was negligent, and failed to supervise…
Brian Charles Kennedy (also known as Brian Charles Fitton), of Camp Hill, Pennsylvania, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Kennedy made unsuitable recommendations of oil and gas investments when Kennedy…
Hector Anthony May of New City, New York, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $9,500,000.00 in damages based upon allegations that May converted funds, committed fraud, made omissions of material fact, breached his fiduciary duties, and was…
Wilfred Rodriguez Jr. (also known as Wil Rodriquez), of Boca Raton, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 23, 2020, for $2,550,000.00 in damages based upon allegations that Rodriguez committed forgery, made unauthorized withdrawals from the customer’s…
Robert Michael Gianchiglia of Worcester, Massachusetts, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Gianchiglia made misrepresentations of material fact in connection with the recommendation and sale of private placements when Gianchiglia was associated with Ameritas…
Eric Stephen Pasquini of Fort Wayne, Indiana, a stockbroker registered with CUNA Brokerage Services Inc., is the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $19,156.70 in damages resulting from excessive assets in variable annuities when Pasquini was associated with CUNA Brokerage Services Inc. This…
M. B. Schreiber (also known as Mickey Schreiber), of Red Bank, New Jersey, a stockbroker registered with Aegis Capital Corp., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Schreiber engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent No….
William Hennion of New York, New York, the Vice President of Hennion Walsh Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $260,000.00 in damages based upon allegations of unsuitable recommendations of unit investment trusts and bonds at Hennion Walsh Inc. Financial Industry Regulatory Authority (FINRA)…
Mason Wayne Gann of Dallas, Texas, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related complaint that was settled on June 4, 2020, for $4,500.00 in damages based upon allegations that Gann made unsuitable recommendations of stocks when Gann was associated with Berthel Fisher Company…
Robert Owen Klein of Newport Beach, California, a stockbroker registered with J.P. Morgan Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $300,000.00 in damages based upon allegations that Klein made unsuitable investment recommendations during the time that Klein was associated with J.P. Morgan Securities LLC….
Avinash Daswani (also known as Avi Daswani), of Plainview, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 22, 2022, seeking damages based upon allegations that Daswani made omissions of material fact in connection with the recommendation and sale of Unit…
Andre Vincent LaBarbera, of Dix Hills, New York, a stockbroker registered with Titus Rockefeller LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon allegations that LaBarbera failed to comply with an arbitration award or otherwise confirm compliance with the regulator. FINRA Arbitration No. 18-04008 (August 20, 2021). LaBarbera was ordered to pay…
Ronald Reed McCook (also known as Ron Reed McCook Jr.), of Scottsdale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $1,961,500.00 in compensatory damages because First Allied Securities Inc. was held liable for sales practice…
Fredrick Martin Randhahn (also known as Fred Randhahn and Frederick Martin Randhahn), of Ogden, Utah, a stockbroker registered with Sigma Financial Corporation, has been barred as a stockbroker by Utah Division of Securities based upon allegations that Randhahn violated state securities laws. In the Matter of Fred M. Randhahn, Notice of Agency Action, Docket No….
Anthony Vincent Didonna, a stockbroker registered with Equitable Advisors has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Didonna failed to respond to FINRA’s request for information. Case No. 2021071227201 (Mar. 17, 2022). According to FINRA Public Disclosure, FINRA issued Didonna a Notice of Suspension on December…
Joseph Kelly (also known as Joe Kelly), of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $94,750.00 in damages based upon allegations that Kelly made misrepresentations of material fact and made unsuitable recommendations of…
Joel Darren Plasco of New York, New York, a stockbroker registered with Dalmore Group LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Plasco engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2020068211001…
Cynthia Ann Giovacchino, of Ansonia, Connecticut, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on February 11, 2022, to resolve allegations that Giovacchino made unsuitable recommendations of Real Estate Investment Trust or REIT during the time that Giovacchino was associated with LPL Financial…
Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker registered with American Capital Partners LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $375,000.00 in damages resulting from the customer’s purchase of private placements during the time that Vultaggio was associated with American Capital Partners…
Nigel Ronald James of Mineola, New York, a stockbroker registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because James engaged in excessive trading and made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No….
Edward Chong Yoon of Pasadena, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $36,250.00 in damages based upon allegations that Yoon made unsuitable recommendations, breached a contract, breached his fiduciary duties, and was negligent in connection with the…
Ron Yehuda Itin of Jersey City, New Jersey, the President and Chief Compliance Officer of E1 Asset Management Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in certain principal capacities based upon allegations that Itin failed to supervise certain registered representatives. Letter of Acceptance, Waiver, and…
Edward Joseph Rudiger Jr., of New York, New York, a the Chief Executive Officer of Reid Rudiger LLC, is the subject of a customer initiated investment related complaint filed on August 8, 2022, in which the customer requested damages based upon allegations that Rudiger charged excessive commissions and engaged in the unauthorized trading of over-the-counter…
Thomas H. Laws of Silver City, New Mexico, a stockbroker registered with Avantax Investment Services, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $65,000.00 in damages based upon allegations that Laws misappropriated funds and made unsuitable recommendations of direct investments (DPPs and LPs) when Laws was…
Luisa Gonzalez (also known as Mercado Luisa Gonzales), of Pittsburgh, Pennsylvania, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Gonzalez made unsuitable recommendations of Northstar Healthcare when Gonzalez was associated with…
Bradley S. Lay (also known as Brad Lay), of Franklin, Tennessee, a stockbroker registered with Raymond James Associates Inc., is the subject of an investigation initiated by Tennessee Department of Commerce and Insurance on March 29, 2022, into allegations that Lay failed to disclose a prior regulatory enforcement action. Financial Industry Regulatory Authority (FINRA) Public…
Michael Barry Carter (also known as Mike Carter), of McLean, Virginia, a stockbroker registered with Morgan Stanley, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor representative based upon allegations that Carter misappropriated funds. In the Matter of Michael Barry Carter, Order Instituting Administrative Proceedings, Administrative Proceeding…
Floyd E. Powell of Albertville, Alabama, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $62,500.00 in damages based upon allegations that Powell made unsuitable recommendations of Woodbridge Group promissory notes during the time that Powell was associated with MSI…
James J. Mariani of Mineola, 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 Mariani made unsuitable recommendations, engaged in excessive and unauthorized trading, breached his fiduciary duties, was negligent, and…
Stefan Anton Pastor of Fort Lauderdale, Florida, a stockbroker registered with Raymond James Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,000.00 in damages based upon allegations that Pastor made misrepresentations of material fact and made an unauthorized premium payment on an insurance…
Terry Tzagarakis (also known as Terry Rakis), of Bay Ridge, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member because Tzagarakis engaged in excessive trading. Letter of Acceptance, Waiver, and Consent No. 2018056490305 (October 14,…
Michael Giokas of Clarence, New York, a stockbroker registered with Fortune Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Giokas breached his fiduciary duties, was negligent, breached a contract, violated state securities laws, and violated FINRA…
John Sebastion Cangialosi Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,281,156.00 in damages based upon allegations that Cangialosi churned the customer’s account, charged excessive commissions, made misrepresentations of material fact,…
John Wade Loofbourrow of New York, New York, a stockbroker registered with Demopolis Capital Inc., 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 the customer was defrauded in connection with the sale of Concord Group Holdings private placements. Financial Industry…
Gregory Roy Tucker of Des Moines, Iowa, a stockbroker registered with D.A. Davidson Co., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $150,000.00 in damages based upon allegations that Tucker made unsuitable recommendations of municipal bonds when Tucker was associated with D.A. Davidson Co. Financial Industry…
Joseph Harold Sterling of Apple Valley, Minnesota, a stockbroker registered with Geneos Wealth Management Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Sterling made unsuitable recommendations of oil and gas investments during the time that Sterling was associated…
Jonathan David Cummings of Hurst, Texas, a stockbroker registered with InvestaCorp Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cummings made misrepresentations and omissions of material fact, was negligent, and made unsuitable recommendations of real estate securities during…
Efrain Balderrama Trujillo of Los Angeles, California, a stockbroker registered with Western International Securities Inc., has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Trujillo borrowed from a customer. Letter of Acceptance, Waiver, and Consent No. 2021072406801 (October 14, 2022). According…
Ian Ha of Los Angeles, California, a stockbroker registered with AXA Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ha failed to respond to FINRA’s request for information. FINRA Case No. 2020065613902 (Dec. 10, 2021). FINRA sent Ha a Notice of Suspension letter on…
Mark David Martino of White Plains, New York, the Chief Executive Officer of Ascendant Alternative Strategies LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martino failed to perform due diligence for a private placement offering. Letter of Acceptance, Waiver, and Consent No….
Gregory Patrick Bodkin Jr., of New York, New York, a stockbroker registered with Worden Capital Management LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that Bodkin failed to supervise certain registered representatives in connection with the recommendation and sale of over-the-counter equities during…
Marion Strickler Adams III (also known as Ma’on Adams), of Mobile, Alabama, a stockbroker registered with Raymond James Associates Inc., has been permitted to resign on October 7, 2021, based upon allegations by the executor of an estate that Adams may have misappropriated client assets. Public Disclosure shows that Adams was also referenced in a…
James F. Anderson of Dakota Dunes, South Dakota, a stockbroker registered with Ameritas Investment Corp., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $1,600,000.00 in damages based upon allegations that Anderson failed to supervise certain registered representatives and made misrepresentations of material fact in connection with…
Keith Todd Ashley of Ann Arbor, Michigan, a stockbroker registered with Parkland Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ashley failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Department of Enforcement v….
Dennis Fred Baker of Verona, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $5,000.00 in damages based upon allegations that Baker made misrepresentations of material fact in connection with the recommendation and sale of…
Mitchell Scott Biernick of Freeport, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Biernick failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent…
Kerry Thomas Cassell of Charlotte, North Carolina, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related complaint filed on February 2, 2022, seeking damages based upon allegations that Cassell made misrepresentations of material fact in connection with the recommendation and sale of variable annuities when…
Eddy C. Chou of San Francisco, California, 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 Chou failed to respond to FINRA’s request for information. FINRA Case No. 2021071392801 (August 26, 2022). FINRA Public Disclosure shows that Chou was…
Thomas Jacob Ciolek of Franklinville, 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 Ciolek failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2021070741901 (November…
Richard Clarence DeYoung Jr. of St. Louis, Missouri, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer-investment related complaint filed on March 12, 2020, in which the customer requested compensatory damages based upon allegations that DeYoung engaged in unauthorized trading in the customer’s Wells Fargo account. This is not the…
Charles Lawrence Doraine of Corpus Christi, Texas, a stockbroker registered with Next Financial Group Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $352,564.00 in damages based upon allegations that Doraine made unsuitable recommendations of variable annuities and mutual funds during the time that Doraine was…
Teresa Watkins Douberly (also known as Sharlene Douberly, Teresa S. Watkins, and Teresa Sharlene Watkins), of Fort Lauderdale, Florida, a Registered Principal of with Aegis Capital Corp., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Douberly failed to supervise certain registered representatives….
Hans Patrick Kulicke Eveillard of Sarasota, Florida, a stockbroker registered with Alight Financial Solutions LLC and Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Eveillard failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules….
Jessica Wasserman Hall (also known as Jessica A. Wasserman), of Houston, Texas, a stockbroker registered with BBVA Securities Inc., was the subject of a customer initiated investment related complaint filed on August 17, 2020, in which the customer requested $5,000.00 in damages based upon allegations that Hall made an unsuitable recommendation concerning index annuities when…
Keith Matthew Kordich of Boca Raton, Florida, a stockbroker registered with Morgan Stanley, 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 Kordich made unsuitable investment recommendations during the period Kordich was associated with Morgan Stanley. Financial Industry Regulatory Authority…
Carlos Leston (also known as Jose Carlos Leston), of New York, 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 Leston failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter…
Todd Kevin Marone of Troy, Michigan, a stockbroker registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $53,995.91 in damages based upon allegations that Marone made misrepresentations of material fact in connection with the recommendation and sale of variable annuities…
Timothy John Melvin (also known as Tim Melvin), of Springboro, Ohio, a stockbroker registered with Horace Mann Investors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Melvin failed to respond to FINRA’s request for information. FINRA Case No. 2020065766801 (January 11, 2021). FINRA Public Disclosure…
Mirsad A. Muharemovic (also known as Mirso Muharemovic), of Staten Island, New York, a stockbroker registered with Arive Capital Markets, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $115,000.00 in damages based upon allegations that Muharemovic churned the customer’s account, engaged in excessive trading, and made…
Shawn Steven Oliver of Napa, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2022, seeking damages based upon allegations that Oliver made misrepresentations of material fact in connection with the recommendation and sale of investments when Oliver was associated with…
Apostolos Nicolas Pitsironis (also known as Paul Pitsironis), of Melville, New York, 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 $30,000.00 in damages based upon allegations that Pitsironis borrowed but failed to repay customer funds when Pitsironis was…
Avi Elliot Schottenstein of New York, New York, a stockbroker registered with J.P. Morgan Securities LLC, has entered in a Consent Order with the State of Illinois agreeing to be permanently barred registration in the state. In the Matter of Avi Elliot Schottenstein, File No. 2100123 (April 22, 2022). Financial Industry Regulatory Authority (FINRA) Public…
Stephen James Sullivan of Garden City, New York, a stockbroker registered with Salomon Whitney 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 Sullivan engaged in unsuitable trading. Letter of Acceptance, Waiver, and Consent No. 2019061952601 (October 21, 2022). FINRA…
Jason Eugene Tarver 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 $2,000,000.00 in damages based upon allegations that Tarver used an unsuitable investment strategy involving a line of credit when Tarver was associated…
Cory James Tinsley, of Rochester, New York, a stockbroker registered with Farmers Financial Solutions LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tinsley failed to cooperate with FINRA’s request for information. FINRA Case No. 2021070388501 (August 31, 2022). FINRA Public Disclosure shows that Tinsley was…
Anthony Tricarico of New York, 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 $450,000.00 in damages based upon allegations that Tricarico made unsuitable recommendations of investments when Tricarico was associated with Aegis Capital Corp. Financial Industry Regulatory…
Francis Joseph Velten Jr., of New Port Richey, Florida, a stockbroker registered with Summit Brokerage Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Velten failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v….
Rosemary Teresa Vrablic of New York, New York, a stockbroker registered with Deutsche Bank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Vrablic failed to respond to FINRA’s request for information. FINRA Case No. 2021070117201 (October 18, 2021). FINRA Public Disclosure shows that Vrablic…
Scott Curtis Wilson of New York, New York, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint filed on July 11, 2022, in which the customer requested damages based upon allegations that Wilson made misrepresentations of material fact in connection with the recommendation and sale of closed end…
Gregory Scott Young of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Young made unsuitable recommendations of structured steepener products and CDs when Young was associated with Voya…
Craig Anthony Zabala of Harlem, New York, a stockbroker registered with John W. Loofbourrow Associates Inc. (and President and CEO of Concorde Group Holdings Inc.), has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor representative because Zabala committed fraud. In the Matter of Craig A. Zabala, Order…
Jason Eric Zwibel (also known as Jay Bell Zwibel), of Wellington, Florida, a stockbroker registered with Garden State Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Zwibel made unsuitable recommendations and breached his fiduciary duties in connection…
Brent Jason Greninger, of Weston, Florida, a stockbroker registered with Raymond James Associates 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 compensatory damages based upon allegations that Greninger made unsuitable recommendations of “private investments” when Greninger was associated with…
Mark Smith, of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $40,000.00 in damages resulting from a crypto currency deal recommended by Smith when he was associated with Transamerica Financial Advisors. Financial Industry Regulatory Authority (FINRA)…
Kim Marie Monchik (also known as Kim Marie Amendola), a stockbroker and CCO of Spartan Capital Securities LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Monchik based upon allegations that Monchik failed to disclose customer initiated investment related arbitration claims. Department of…
Alicia M. Hinojosa Gutierrez (also known as Alicia Myrthala Hinojosa and A. M. Hinojosa Gutierrez), of New York, New York, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was discharged on April 29, 2021, based upon allegations that she made unapproved financial arrangements with a customer and used unauthorized means to communicate with…
Joseph Victor Alhadeff of New York, New York, a stockbroker formerly registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $129,524.00 in damages based upon allegations that Alhadeff breached his fiduciary duties, and was otherwise negligent, in connection with the recommendation and…
Jeffrey Scott Anderson of Bloomington, Illinois, a stockbroker registered with NYLife Securities, has been barred from associating with any FINRA member in any capacity based upon allegations that Anderson misappropriated or converted a customer’s funds. FINRA Enforcement (AWC) No. 2020067888701 (Aug. 2, 2021). Anderson was also subsequently barred by as a stockbroker in the Illinois…
Vincent Keith Annable of Scottsdale, Arizona, 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 $600,000.00 in damages based upon allegations that Annable made unsuitable investment recommendations and overconcentrated the customer’s account in alternative…
Alan Zelig Appelbaum of Boca Raton, Florida, a stockbroker formerly 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 $280,000.00 in damages based upon allegations that Appelbaum made unsuitable investment recommendations and engaged in other misconduct in connection…
Troy Robert Baily of Omaha, Nebraska, a stockbroker formerly registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint that was settled on March 3, 2021 for $80,000.00 in damages based upon allegations that Baily engaged in fraud in connection with the recommendation and sale of Future Income Payments LLC…
James Baroutas of New York, New York, a stockbroker registered with B. Riley Wealth Management, 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 Baroutas engaged in unauthorized trading and other misconduct in connection with…
Mark Bedros Beloyan of Davie, Florida, the president and chief compliance officer of Tradespot Markets Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beloyan based upon allegations that Beloyan facilitated the sale of unregistered securities and failed to supervise the…
Kenneth William Biebel of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates 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 Biebel made unsuitable investment recommendations in connection with the sale of private…
John Richard Boatright of Duluth, Georgia, a stockbroker formerly registered with Newbridge Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Boatright failed to respond to FINRA’s request for information in connection with the investigation of Boatright’s sales practices. FINRA Enforcement No. 2021071440501 (Jan. 18,…
Debra Collura Bourne (also known as Debra Anne Bourne) of Red Bank, New Jersey, 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 $325,000.00 in damages based upon allegations that Bourne engaged in unauthorized trading and…
Michael Allan Bressman of Chatham, New Jersey, a stockbroker registered with FCG Advisors LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative because Bressman committed fraud. SEC Civil Action No.1:18-cv-11925-WGY 1:18-cv-11925-WGY (Sept. 2, 2021). Bressman engaged in a cherry-picking scheme between January 2012 to February 2018…
Frank Briseno of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled on July 21, 2020 for $3,500,000.00 in damages based upon allegations that Briseno made unsuitable recommendations concerning the sale of variable annuities and real estate securities during the course of…
Frederick Lanfear Browne of Radnor, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC has been discharged by the securities broker dealer based upon allegations that Browne engaged in authorized trading by effecting trades in customer accounts without their prior authorization. This is not the first time that Browne has been terminated by a securities…
Peter Charlton Budd (also known as Jay Budd) of Morristown, New Jersey, a stockbroker registered with Benjamin F. Edwards Company Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Budd failed to pay a $240,000 arbitration award obtained against him by his former…
Eric Peter Burton of Orland Park, Illinois, a stockbroker registered with Cetera Advisors LLC, has been suspended for three months by Florida Department of Financial Services based upon allegations that Burton received a Financial Industry Regulatory Authority (FINRA) suspension. Case No. 294028-22-AG (Apr. 15, 2022). On June 21, 2021, Burton was fined $5,000.00 and suspended…
Wynston Hill Capital LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $476,676.85 in damages. The Statement of Claim alleges unsuitable recommendations, the overconcentration of the customer’s account, unauthorized trading, fraud, and failure to supervise in connection with the sale…
Wenjinn James Chang of Rockville, Maryland, 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 $85,000.00 in damages based upon allegations that Chang made unsuitable recommendations and overconcentrated the customer’s account in real estate securities…
Julie Lan Cohen of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Cohen breached her fiduciary duties, was negligent, and made misrepresentation and omissions, in violation of Financial Industry Regulatory Authority…
Gerald Thomas Coyne (also known as JT Coyne) of Harrisburg, Pennsylvania, a stockbroker registered with CUSO Financial Services L.P., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $181,000.00 in damages based upon allegations that Coyne made misrepresentations relating to the recommendation and…
Michael Joseph Distler (also known as Mike Distler), of Crystal City, Missouri, a stockbroker registered with National Planning Corp., is 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 Distler made unsuitable recommendations, breached a fiduciary duty,…
Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights, Texas, 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 $373,000.00 in damages based upon allegations that Ellefson breached his fiduciary duties, effected…
Timothy Jay Fazzone (also known as TJ Fazzone), of Dublin, Ohio, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fazzone converted a customer’s funds. FINRA Enforcement (AWC) No. 2019064698601 (Aug. 2, 2022). According to the AWC, in June 2018,…
Joseph Michael Giordano (also known as Joe Giordano) of Melville, New York, a principal registered with Aegis Capital Corp. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Giordano failed to supervise. FINRA Enforcement (AWC) No. 2016051704306 (Nov….
Bradley Allen Goodbred of Roselle, Illinois, a stockbroker formerly 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 $1,225,000.00 in damages based upon allegations that Goodbred caused her to execute a document appointing representative as her power of…
Daniel Richard Hajduk of Mount Prospect, Illinois, a stockbroker registered with Coordinated Capital Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hajduk failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Case No. 2021069375801 (Sept. 26, 2022). According to…
Joshua Nathan Helmle of Monterey Park, California, a stockbroker and Chief Compliance Officer of Integrity 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 $489,862.00 in damages based upon allegations that Helmle failed to supervise the customer relating to…
Timothy Patrick Higgins (also known as Tim Higgins), of Garden City, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement decision where he was permanently barred when he failed to testify in connection with a FINRA investigation of is conduct. FINRA Enforcement Action…
Tobin Carl Hoffmann of Lincoln, Nebraska, a stockbroker registered with Ameritas Investment Company 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 Hoffmann made misrepresentations with regard to the recommendation and sale of alternative…
Lisa Maria Idlett of Carteret, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Idlett failed to provide information and documents to FINRA when it investigated possible…
Donnie Eugene Ingram of Winter Haven, Florida, a stockbroker formerly registered with Centaurus Financial Inc., and Centaurus Financial are the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Ingram based upon allegations that Ingram made unsuitable recommendations, and that Centaurus Financial failed to reasonably supervise…
Miche D. Jean of Rockville, Maryland, a stockbroker registered with Morgan Stanley, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for two months based upon allegations that Jean engaged in unauthorized trading in his customer accounts. FINRA Enforcement (AWC) No. 2020068648601 (Sept. 26, 2022)….
Raymond Ellis Jennison of Dallas, Texas, the former Chief Executive Officer of First Canterbury Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jennison failed to testify when FINRA investigated Jennison and the firm for possible violations of FINRA rules. FINRA Enforcement (AWC) No. 2020065342802…
Ivar Norman Jones Jr., of San Ramon, California, a stockbroker registered with Ameritas Investment Company LLC, is the subject of a customer initiated investment related complaint that was settled on June 1, 2022 for $28,000.00 in damages based upon allegations that Jones committed sales practice violations relating to the recommendation of a outside third-party account…
Jenna Kang (also known as Jihye Kang) of Los Angeles, California, a stockbroker registered with AXA Advisors LLC, is the subject of a customer initiated investment related complaint that was settled on December 17, 2020 to resolve allegations that Kang forged the customer’s signature and committed other sales practice violations in connection with the sale…
Neil Kevin Klein of White Plains, New York, a stockbroker registered with UBS Financial Services Inc. wasis 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 Klein made unsuitable recommendations regarding the sale of annuities during his…
Cynthia Komarek (also known as Cynthia Ann Brown), of Barrington, Illinois, a stockbroker registered with Sagepoint Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Komarek failed to provide information and documents to FINRA when it investigated Komarek’s referral of customers to an unapproved investment…
Nickolay V. Kukekov of New York, New York, a stockbroker registered with Paulson Investment Company LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Kukekov engaged in an undisclosed outside business activity. FINRA Enforcement (AWC) No. 2021071205501…
Suresh V. Kumar of New York, New York, a stockbroker registered with T3 Trading Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kumar engaged in private securities transactions. FINRA Enforcement (AWC) Case No. 2020066434701 (May 23, 2022). According to the Order, during the time…
Robert A. Lax of Paramus, New Jersey, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lax failed to provide information and documents to FINRA in connection with the investigation of Lax’s outside business activities. FINRA Enforcement (AWC) No….
Charles Frederik Lek of Weston, Connecticut, the owner of Lek Securities Corp., is the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Lek based upon allegations that Lek failed to comply with an prior Order in connection with the sale of microcap securities. FINRA Enforcement…
Anthony Baker Liddle (also known as Tony Liddle) of Wausau, Wisconsin, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration filed on August 26, 2022 seeking $1,755,189.31 in damages based upon allegations that Liddle stole or converted the customer’s funds during Liddle’s association with…
John Michael Lopinto of New York, New York, a stockbroker registered with Worden Capital Management LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for nine months based upon allegations that Lopinto engaged in the excessive and unauthorized trading of his customer accounts. FINRA…
Benjamin Benoit Lowder Jr. (also known as Ben Lowder), of Charlotte, North Carolina, a stockbroker registered with MSI Financial Services Inc., is the subject of a customer initiated investment related civil action that was settled for $200,000.00 in damages based upon allegations that Lowder engaged in selling away and fraud in connection with the sale…
Steven S. Maher Sr. of Oradell, New Jersey, a stockbroker registered with Next Financial Group Inc., was the subject of a customer initiated investment related civil action that was settled for $20,000.00 in damages based upon allegations that Maher breached a contract, made misrepresentations, was negligent, and breached his fiduciary duties in connection with the …
Peter David Maller of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors was is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $115,000.00 in damages based upon allegations that Maller made the unsuitable recommendation and sale of variable annuities and real estate…
Steven Ronald Morgan of Roseville, California, a stockbroker registered with NYLife Securities LLC, is the subject of a customer initiated investment related complaint on December 28, 2021 in which the customer requested $38,658.06 in damages based upon allegations that Morgan made unsuitable recommendations in connection with the sale of variable annuities when Morgan was associated…
Andrew Muncy of Louisville, Kentucky, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related complaint on December 13, 2021 in which the customer requested $11,258.14 in damages based upon allegations that Muncy made misrepresentations in connection with the recommendation to sell certain securities. The securities evidently…
Michael Joseph Muratore of New York, New York, a stockbroker registered with Benchmark Investments Inc., has been barred by the Maryland Securities Division following the failure to respond to an Order to Show Cause. Case No. 202100173 (May 17, 2022). This is not the first time that Muratore has been the subject of a regulatory action…
Dennis Masaaki Nakamura, of Moraga, California, a stockbroker registered with McNally Financial Services Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $165,000.00 in damages based upon allegations that Nakamura made unsuitable investment recommendations to his customers during the period of his…
Tuan Anh Ngo (also known as Toon Ngo) of Los Angeles, California, a stockbroker registered with VFG Securities 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 Ngo failed to supervise certain registered representatives in…
Joshua David Nicholas (also known as Josh Nicholas), of Stuart, Florida, 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 Nicholas converted a customer’s funds and engaged in private securities transactions. Case No. 2020067572701 (Jan. 24, 2022)….
Katherine Greer Nishnic (also known as Katherine Greer Martinson and Katherine Diane Nishnic), of Lexington, South Carolina, a stockbroker registered with J.P. Turner Company LLC, 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 Nishnic made…
Louis Maurice Olave of Burlington, Vermont, a stockbroker registered with Questar Capital Corporation has been fined $5,000.00 and suspended for three months by Vermont Department of Financial Regulation based upon allegations that Olave engaged in private securities transactions or “selling away.” Case No. 21-007-S (Apr. 30, 2021). This is not the first time that Olave has been…
Blakely Chapman Page of Bryn Mawr, Pennsylvania, a stockbroker registered with Spouting Rock Capital Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for six months based upon allegations that Page made misrepresentations in connection with the recommendation of a hedge fund. FINRA…
Joseph Lawrence Peggs (also known as Larry Peggs), of Seminole, Florida, a stockbroker registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related civil suit which was settled for $30,000.00 in damages based upon allegations that Peggs failed to follow the customer’s intentions concerning beneficiary designations on annuities. Civil Action…
Nathan Marek Plumb of Madison, Wisconsin, a stockbroker registered with Lincoln Financial Advisors Corporation has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for four months based upon allegations that Plumb engaged in an undisclosed outside business activity. Case No. 2020068210301 (Sept. 30, 2022). According…
Marcelo Javier Poliak of Miami, Florida, a stockbroker registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint on July 10, 2017 in which the customer requested $27,427.95 in damages based upon allegations that Poliak made omissions and misstatements of material fact in connection with the recommendation and sale…
Dirk David Rabenold (also known as Dirk David Raenold), of Williamsville, New York, a stockbroker registered with Next Financial Group Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim seeking damages resulting from the fraudulent conversion of customer funds by a third party. FINRA Arbitration No….
William Perry Randall of Rockford, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint that was settled on March 10, 2021 based upon allegations that Randall breached his fiduciary duties, and failed to supervise the sale of the FS Energy & Power Fund during his asssociation…
Richard Alyn Rappaport (also known as Rick Rappaport) of New York, New York, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim which was settled for $1,050,000.00 in damages based upon allegations that Rappaport failed to supervise the sale of…
Hillard Charles Rest of Newport Beach, California, a stockbroker registered with JRL Capital Corporation, 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 Rest breached his fiduciary duties, made misrepresentations and omissions of material fact, in violation…
Walter James Reyna of McAllen, Texas, a stockbroker registered with Lincoln Financial Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000.00 in damages based upon allegations that Reyna made unsuitable recommendations relating to the sale of oil and gas…
Ross L. Anderson of Rancho Santa Margarita, 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 $85,000.00 in damages based upon allegations that Ross Anderson made unsuitable investment recommendations with regard to the sale of…
Praxedes Russi of Garden City, New York, a stockbroker registered with Worden Capital Management LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,974.00 in damages based upon allegations that Russi churned the customer’s account, charged the customer excessive commissions, made unauthorized…
John Joseph Santariello of Coram, New York, a stockbroker registered with Arive Capital Markets, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santariello failed to pay a FINRA arbitration customer award against him for more than $420,000. FINRA Arbitration No. 19-02196 (Jan. 10,…
Nicholas James Schiano of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $350,343.10 in damages based upon allegations that Schiano churned the customer’s account, made unsuitable investment recommendations, breached…
William Charles Schumann of Rockville, Maryland, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $87,500.00 in damages based upon allegations that Schumann made unsuitable investment recommendations and failed to perform due diligence in connection with…
Manish Hemant Shah, of Princeton, New Jersey, a stockbroker registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related complaint on May 3, 2019 in which the customer requested $145,865.95 in damages based upon allegations that Shah made misrepresentations, defrauded the customer, and converted the customer’s funds in connection…
Daniel Jay Sherman, of New York, New York, a stockbroker registered with Morgan Stanley Smith Barney LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $17,500.00 in damages based upon allegations that Sherman made unsuitable recommendations of certain common stocks and preferred…
Yvonne Lara Silguero of McAllen, Texas, a stockbroker registered with LPL Financial LLC, is 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 Silguero was negligent, made misrepresentations and omissions of material fact, breached her fiduciary duties, and was unsupervised, in…
Philip Norris Smith of Woodland Hills, California, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint on September 20, 2022 in which the customer requested compensatory damages based upon allegations that Smith made misrepresentations relating to the recommendation and sale of variable annuities when Smith was associated…
Daniel M. Soliman, of New York, New York, a stockbroker registered with Traderfield Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $24,500.00 in damages based upon allegations that Soliman made misrepresentations relating to the recommendation and sale of equity-over-the-counter equities, common…
Michael Brandon Stalcup, of Little Rock, Arkansas, an investment advisor representative with Magann Capital Corp, is the subject of an enforcement action initiated by Arkansas Securities Department in which the regulator is seeking sanctions against Stalcup based upon allegations that Stalcup made unsuitable recommendations of inverse or leveraged ETFs. (Feb. 11, 2022). Financial Industry Regulatory…
Dudley Franklin Stephens (also known as Stephen Franklin Dudley), of New York, New York, a stockbroker registered with Coastal Equities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based based upon the findings that Stephens failed to pay a FINRA arbitration award entered against him by…
Polly Marie Stoecklein (also known as Polly Marie Ison), of Manhattan, Kansas, a stockbroker registered with Independent Advisor Alliance, is the subject of a customer initiated investment related complaint on May 31, 2022 in which the customer requested $80,000.00 in damages based upon allegations that Stoecklein made unsuitable recommendations in connection with the sale of…
Joseph Paul Todaro, of Melville, 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 $194,599.73 in damages based upon allegations that Todaro engaged in excessive trading, charged the customer excessive commissions, and engaged in…
John Charles Vasu, of Brandon, Florida, a stockbroker registered with Allstate Financial Services LLC, is the subject of a customer initiated investment related complaint on May 12, 2021 in which the customer requested compensatory damages based upon allegations that Vasu made misrepresentations in connection with the recommendation and sale of variable annuities when Vasu was…
Ronald Robert Walchack (also known as Ron Walchack), of Sewickley, Pennsylvania, 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 Walchack failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Case No. 2021072021501 (Sept….
Joseph John Weinrich, of Overland Park, Kansas, a stockbroker registered with Moloney Securities Co. Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Weinrich failed to make regulatory disclosures. Case No. 2018058611601 (Feb. 1, 2022). According to…
Vincent Maley Weir, of Houston, Texas, 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 compensatory damages based upon allegations that Weir made unsuitable recommendations with regard to the sale of direct investments…
Robert Steven Weissbein (also known as Bob Weissbein), of Plantation, Florida, 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 that was settled for $35,000.00 in damages based upon allegations that Weissbein made unsuitable recommendations, breached his fiduciary duties,…
Corey Andrew White, of Pasadena, 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 that was settled for $2,760,000.00 in damages based upon allegations that White failed to supervise relating to the recommendation and sale of options when…
Kyle Zachary Wittgren, of Frisco, Texas, a stockbroker registered with NYLife Securities LLC has been denied securities licensure in Minnesota based upon allegations that Wittgren made misrepresentations and forged a customer’s signature. Case No. 8453GA6M (Jan. 28, 2022). This is not the first time that Wittgren has been the subject of a regulatory action concerning…
Cheryl Lynn Young (also known as Cheryl Lynn Sitze), of Incline Village, Nevada, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related complaint on May 3, 2022 in which the customer requested compensatory damages based upon allegations that Young made unsuitable recommendations with respect to the purchase of a…
Miaojun Yuan, of City of Industry, California, a stockbroker registered with Questar Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $140,000.00 in damages based upon allegations that Yuan made unsuitable recommendations and misrepresentations in connection with the recommendation and sale…
Donald Angelo Durando of Hauppauge, New York, a stockbroker formerly registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $230,000.00 in damages based upon allegations that Durando made unsuitable transactions in connection with the recommendation and sale of options when Durando was…
Chris S. Stocks of Paradise Valley, Arizona, a stockbroker registered with Morgan Stanley DW Inc., has been discharged as a stockbroker on November 11, 2021, based upon allegations that Stocks engaged in outside activities pertaining to a hotel investment involving customers of the securities broker dealer. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that…
Joseph Scott Audia of Hauppauge, New York, a stockbroker formerly registered with Joseph Stone Capital, 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 he failed to supervise a stockbroker who engaged in unsuitable and excessive transactions. Letter of Acceptance,…
Charles Abad Santos Bonilla of Boca Raton, Florida, a stockbroker formerly registered with David Lerner Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Bonilla made unsuitable recommendations and material misrepresentations in connection with the recommendation and sale…
Sebastian Wyczawski of Mineola, New York, a stockbroker formerly 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 he executed excessive and unsuitable transactions during the time that he was associated with Joseph Stone Capital…
Bernard Joseph Audet of Newtown Square, Pennsylvania, a stockbroker currently registered with MML Investors Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $8,000,000.00 in damages based upon allegations that Audet made misrepresentations and breached a fiduciary duty in connection with the recommendation and sale…
Jordan Palmer John of Omaha, Nebraska, a stockbroker formerly registered with TD Ameritrade Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against John based upon allegations that John failed to cooperate in a FINRA investigation. Department of Enforcement v. Jordan Palmer…
Edmund Paul Murphy of Naples, Florida, a stockbroker formerly registered with Robert W. Baird Co. Incorporated, is the subject of a customer initiated investment related complaint on October 22, 2021, in which the customer requested compensatory damages based upon allegations that Murphy made unsuitable recommendations with regard to the sale of mutual funds when Murphy…
Daniel Pita of Southwest Ranches, Florida, a stockbroker formerly registered with NYLife Securities LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pita based upon allegations that Pita failed to cooperate in a FINRA investigation. FINRA Case No. 2021071965401 (Aug. 18,…
Douglas Jarrett Rosenberg of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of his excessive and unsuitable trading during the time that he was associated with Joseph Stone Capital. 2019063821605 (December…
Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with…
Eugene Arthur McAdams of Center Moriches, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McAdams failed to comply with a FINRA investigation relating to his investment recommendations during the time that he was associated with…
Matthew David Beleski of Ann Arbor, Michigan, a stockbroker currently registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related complaint on August 24, 2021, in which the customer requested $91,533.00 in damages based upon allegations that Beleski made unsuitable transactions and misrepresentations in connection with the recommendation and sale…
Scott S. Niekamp of Chesterfield, Missouri, a stockbroker currently 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 $5,000,000.00 in damages based upon allegations that Niekamp misled the customer, made false representations, failed to disclose important information about investments,…
David Thomas Hixon of Scottsdale, Arizona, a stockbroker formerly registered with Morgan Stanley, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Hixon based upon allegations that Hixon failed to cooperate with a FINRA investigation. FINRA Case No. 2021070867702 (July 20, 2022)….
Adam Maggio of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,087,663.24 in damages based upon allegations that Maggio made unauthorized and unsuitable transactions, churned the customer’s account, acted negligently, and breached a…
Dominic John Scalzi of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that he failed to cooperate with FINRA’s request for information about his outside business activities. FINRA Case No….
Larry Glenn Boggs of Atlanta, Georgia, a stockbroker formerly registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $99,000.00 based upon allegations that Boggs made misrepresentations with regard to the recommendation and sale of variable annuities when Boggs was associated with…
Shane Rene Falcon of Miami, Florida, a stockbroker formerly registered with National Securities Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Falcon made unsuitable transactions with regard to the recommendation and sale of private placements when Falcon was…
Chad Ryan Barancyk of Chicago, Illinois, a stockbroker formerly registered with First Allied Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $260,000.00 in damages based upon allegations that Barancyk breached a contract, breached a fiduciary duty, acted negligently, and effected unsuitable transactions in…
Anthony Joseph Graziano of New York, New York, a stockbroker currently registered with Joseph Stone Capital, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because he failed to supervise stockbrokers who executed excessive transactions in Joseph Stone customer accounts. Letter…
David Aubrey Dunfee of Bangor, Maine, a stockbroker currently registered with Key Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $210,000.00 in damages based upon allegations that Dunfee financially exploited the customer with regard to the recommendation and sale of variable annuities when…
Edward Robert Taliaferro of Chattanooga, Tennessee, a stockbroker formerly registered with J.J.B. Hillard W.L. Lyons LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $6,000.00 in damages based upon allegations that Taliaferro made unsuitable recommendations with regard to the sale of equities when Taliaferro was associated…
Miguel Angel Murillo (also known as Michael Murillo) of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he engaged in unsuitable and excessive trading in Joseph Stone…
Charles William Wodrich of Goodyear, Arizona, a stockbroker formerly registered with Hornor Townsend Kent LLC, is the subject of a customer initiated investment related complaint that was settled on August 8, 2022, for $17,000.00 in damages based upon allegations that Wodrich made unsuitable transactions with regard to the recommendation and sale of variable annuities when…
Michael James May of Mineola, New York, a stockbroker formerly registered with Joseph Stone Capital 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 he made unsuitable and excessive transactions in customer accounts during the time that he was associated…
Nico Joseph Rutella of Castle Rock, Colorado, a stockbroker formerly registered with National Securities Corp, was the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $20,000.00 in damages based upon allegations that Rutella made omissions and misrepresentations, breached a fiduciary duty, acted negligently, and made unsuitable transactions with regard…
David Martin Martirosian of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martirosian failed to cooperate with FINRA in an investigation relating to excessive and unsuitable trading and selling away while registered with…
Todd Franklin Kling of Aventura, Florida, a stockbroker formerly registered with Joseph Stone Capital LLC, has been suspended for three months by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that Kling made unsuitable and excessive transactions. Letter of Acceptance, Waiver, and Consent No. 2019063821606 (December…
Michael Jeremiah Mooney of Mount Airy, North Carolina, a former investment adviser representative of Southport Capital and stockbroker of Oppenheimer Co. Inc., is the subject of an enforcement action initiated by Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Mooney based upon allegations that Mooney violated federal securities laws by…
Bradley Morgan Holts of Denver, Colorado, a stockbroker formerly registered with World Capital Brokerage, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that Holts failed to respond to the regulator’s request for information. FINRA Case No. 2021071760601 (July 28, 2021). FINRA Public…
Edward Lawrence Turley (also known as Ed Turley) of San Francisco, California, a stockbroker formerly registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $55,615,696.00 in damages based upon allegations that Turley effected unauthorized and unsuitable transactions and made misrepresentations…
Thomas Caine Shultz of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Shultz failed to perform due diligence and made unsuitable recommendations with regard to the sale of direct…
Marc Jacob Jacobson of Northbrook, Illinois, a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related complaint on May 18, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Jacobson made misrepresentations with regard to the recommendation and sale of variable annuities when Jacobson…
Michael G. Ferrera of Beverly Hills, California, a stockbroker formerly registered with SagePoint Financial Inc., has been fined $15,000.00 and suspended for two years from associating with any FINRA member in any capacity based upon allegations that Ferrera engaged in an outside business activity. Letter of Acceptance Waiver and Consent No. 2019063639201 (Sept. 1, 2022)….
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $157,600.00 in damages based upon allegations that Kemp made unsuitable recommendations in connection with the sale of reverse convertible securities when Kemp…
Yan Binder of Coral Springs, Florida, a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC, has been fined $10,000.00 and suspended for thirty days from associating with any FINRA member in any capacity based upon allegations that Binder used unauthorized devices to communicate with customers. Letter of Acceptance Waiver and Consent No. 2019064955001…
Ariel A. Rivero of Miami, Florida, a stockbroker formerly registered with Jefferies LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,999.00 in damages based upon allegations that Rivero made unsuitable transactions, used the customer’s funds without authorization, failed to supervise, and breached a fiduciary…
Phil Donahue (also known as Joseph Philip Donahue) of Panama City Beach, Florida, a stockbroker currently registered with PFS Investments Inc., has been fined $2,500.00 and suspended for thirty days from associating with any FINRA member in any capacity based upon allegations that Donahue made unsuitable recommendations. Letter of Acceptance Waiver and Consent No. 2020068544901…
Corrie Ann Mitchell (also known as Corrie Ann Box) of San Antonio, Texas, a stockbroker formerly registered with Cambridge Investment Research, has been barred from associating with any FINRA member in any capacity based upon allegations that Mitchell failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235602 (Aug. 17,…
Nicholas Richard Palumbo (also known as Nick Palumbo) of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, 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 alleged selling away activities. Letter of Acceptance Waiver…
Daniel T. Minich of Bradford, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been fined $5,000.00 and suspended for four months from associating with any FINRA member in any capacity based upon allegations that Minich engaged in private securities transactions or “selling away.” Order Accepting Offer of Settlement No. 2020066999801 (June 6,…
Ignacio Antonio Perezanta Ordonez of San Antonio, Texas, a stockbroker formerly registered with BBVA Securities Inc., is the subject of a customer initiated investment related complaint on March 23, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Ordonez made unsuitable recommendations in connection with the sale of mutual funds when…
Mark David Martino of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $5,000.00 and suspended for twenty days from associating with any FINRA member in any capacity based upon allegations that Martino failed to conduct due diligence on a private placement issued by a start-up company. Letter…
Jason Nicholas Slezak of Antioch, Illinois, a stockbroker formerly registered with Landolt Securities Inc., is 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 Slezak failed to disclose risks in connection with the recommendation and sale of GWG L Bonds when…
Annetta Marie Box (also known as Annetta Marie Taylor) of Dallas, Texas, a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any FINRA member in any capacity based upon allegations that Box failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235601 (Aug. 11,…
William Colie Johnson of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $121,500.00 in damages based upon allegations that Johnson made unsuitable transactions with regard to the recommendation and sale of real estate…
Mark Whitney Tuller of Atlanta, Georgia, a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related complaint on March 14, 2022, in which the customer requested compensatory damages based upon allegations that Tuller mismanaged the customer’s account in connection with the recommendation and sale of stocks…
John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been fined $2,500.00 and suspended for ten days from associating with any FINRA member in any capacity based upon allegations that Orlando engaged in excessive trading. Order Accepting Offer of Settlement No. 2019063633301 (Aug. 5, 2022). According to the…
Stephen Patrick Tosha of Dallas, Texas, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related complaint on February 25, 2022, in which the customer requested compensatory damages based upon allegations that Tosha engaged in unauthorized trading in connection with the sale of foreign securities…
James Robert Pecoraro of Melville, New York, a stockbroker formerly registered with SW Financial has been fined $10,000.00 and suspended for nine months from associating with any FINRA member in any capacity based upon allegations that Pecoraro engaged in quantitatively unsuitable excesive trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2017056820701 (Aug….
Vladislav Michael Romanov of Boston, Massachusetts, a stockbroker formerly registered with Wells Fargo Advisors LLC, is the subject of a customer initiated investment related complaint on February 24, 2022, in which the customer requested $52,000.00 in damages based upon allegations that Romanov placed the customer in underperforming foreign equities when Romanov was associated with Wells…
Robert Charles Mehlin of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been fined $7,500.00 and suspended for three months from associating with any FINRA member in any capacity based upon allegations that Mehlin engaged in unauthorized trading and used unauthorized communications devices to correspond with customers. Letter…
Francis Joseph Velten Jr. of New Port Richey, Florida, a stockbroker formerly registered with Ameriprise Financial Services LLC, 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. Case No. 2020066032801 (July 19, 2022). According to the Default Decision, Velten…
Ernest Grey Frerking (also known as Ernie Frerking) of Austin, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred from associating with any FINRA member in any capacity based upon allegations that Frerking failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2020067267701 (Aug….
Jesus Rodriguez of El Paso, Texas, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related complaint on February 18, 2022, in which the customer requested compensatory damages based upon allegations that Rodriguez made unsuitable transactions on credit with a legacy express credit line when Rodriguez was associated with…
Joseph Albert Ambrosole of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any FINRA member in any capacity based upon allegations that Ambrosole failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2021072773201 (July 28, 2022). According to the…
Brian David Rockowitz of Hauppauge, New York, a stockbroker formerly registered with Aegis Capital Corp., was the subject of a customer initiated investment related FINRA arbitration claim which settled for $19,353.87 in damages based upon allegations that Rockowitz breached a fiduciary duty, breached a contract, and made unsuitable transactions in connection with the recommendation and…
Richard Aloysius Hogan of San Francisco, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been fines and suspended by FINRA for the unapproved sale or referral of a customer to a hedge fund. Letter of Acceptance Waiver and Consent No. 2019064715701. According to the AWC, from October 2017 to August…
Robert Patrick Macnamee of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,840.85 in damages based upon allegations that Macnamee breached a contract, breached a fiduciary duty, and made unsuitable transactions with regard to…
Richard A. Rodriguez Jr. of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services 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 allegations that Rodriguez made misrepresentations, acted negligently, breached a fiduciary duty, breached a contract, and…
Gregory Scott Hanshew (also known as Greg Scott Hanshew) of Littleton, Colorado, a stockbroker formerly registered with Infinity Financial Services, has been barred from associating with any FINRA member in any capacity based upon allegations that Hanshew failed to cooperate with a FINRA investigation. Default Decision No. 2021071060902 (Aug. 22, 2022). According to the Default…
James Daniel Kent Jr. of San Mateo, California, a stockbroker formerly registered with Emerson Equity LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for failing to update his Form U4. Letter of Acceptance Waiver and Consent No. 2021071506202 (July 19,…
John Anthony Sommo of New Haven, Connecticut, a stockbroker formerly registered with UBS Financial Services 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’s request for information. Case No. 2020067928601 (April 4, 2022). Public Disclosure shows that…
Darryl Matthew Cohen of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he did not comply with an investigation into his use of customer funds. Letter of Acceptance Waiver and Consent No. 2020066797301 (February 16, 2022)….
Dusty Lynn Sternadel (also known as Dusty Lynn Veitenheimer) of Wichita Falls, Texas, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been barred from associating with any FINRA member in any capacity based upon allegations that Sternadel failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022076046801 (Sept….
Russ Kory of White Plains, New York, a stockbroker formerly registered with David Lerner Associates 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 based upon accusations that Kory made unsuitable recommendations. Letter of Acceptance, Waiver, and Consent No. 2019063686203 (September…
Antonio Almeida (also known as Tony Almeida) of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages based upon accusations that Almeida made unsuitable recommendations in connection with the sale of investments during the…
John Charles Barnes of Naples, Florida, a stockbroker formerly registered with RBC Capital Markets 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 of Barnes’ unauthorized trading in customer accounts during the time that he was associated with RBC Capital…
John Anthony Busco of Toms River, New Jersey, a stockbroker formerly registered with Morgan Stanley Smith Barney, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Busco made unsuitable transactions in connection with the recommendation and sale of direct investments…
Miguel Angel Murillo (also known as Michael Murillo and as Miquel Angel Murillo) of New York, New York, a stockbroker registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Murillo engaged in unsuitable and excessive…
Everett Bryant Ellis (also known as Rett Ellis) of Gulf Breeze, Florida, a stockbroker formerly registered with BBVA Securities Inc., is referenced in a customer initiated investment related complaint on March 3, 2022, where the customer requested $100,000.00 or more in damages based upon accusations that Ellis made unsuitable recommendations in connection with the recommendation…
Doug Marshall McKelvey of Southlake, Texas, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that McKelvey refused to cooperate with a FINRA investigation into allegations of McKelvey’s possible misappropriation and unauthorized transactions. Letter of Acceptance, Waiver, and…
Conrad Kenneth Branson of Mill Valley, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, 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 of Branson’s unauthorized trading in customer accounts during the time that he was associated…
Craig Eugene Friedrichsen of Topeka, Kansas, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages based upon accusations that Friedrichsen made misrepresentations in connection with the recommendation and sale of alternative investments including real…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., has been fined $10,000 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Martinsen’s private securities transactions during the time that he was associated with Centaurus Finacnial Inc….
Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…
Norbert Michael Witt of Amherst, New York, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on November 1, 2020, where the customer requested $14,000.00 in damages based upon accusations that Witt supposedly failed to follow “instructions” (whatever that means) concerning the customer’s account during the…
James William Dunn Jr., of Vienna, Virginia, a stockbroker formerly registered with Ameriprise Financial Services Inc., is done, and has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon the refusal to cooperate with a FINRA investigation into allegations of his unauthorized trading. Letter of Acceptance, Waiver,…
Ryan Thomas Fleming of Bellevue, Washington, a stockbroker formerly registered with Hornor Townsend Kent LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $50,000.00 in damages based upon accusations that Fleming made unsuitable recommendations, breached a fiduciary duty, and acted negligently with regard to the recommendation and…
Jeffrey Daniel Basford of Westport, Connecticut, a stockbroker formerly registered with David Lerner Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Basford refused to cooperate with a FINRA investigation regarding the unsuitable recommendation and sale of securities. Letter of Acceptance, Waiver,…
Andrew David Schell of Colorado Springs, Colorado, a stockbroker formerly registered with D.A. Davidson Co., is the subject of a customer initiated investment related complaint that was settled on June 22, 2022, for $36,801.00 in damages based upon accusations that Schell made unauthorized options transactions when Schell was associated with D.A. Davidson Co. FINRA Public…
Bradley Stephen Kavanagh of Baton Rouge, Louisiana, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kavanagh refused to cooperate with a FINRA investigation into accusations of his unauthorized solicitation of equity transactions. Letter of Acceptance, Waiver, and Consent…
Amanda Yvonne Berry (also known as Amanda Yvonne Coleman and as Amanda Yvonne Oostrum) of Oklahoma City, Oklahoma, a stockbroker formerly registered with MML Investors Services LLC, is the subject of a customer initiated investment related complaint that was settled on May 27, 2022, for $82,967.79 in damages based upon accusations that Berry made unsuitable…
Robert Leo Luley (also known as Rob Leo Luley Junior) of Clover, South Carolina, a stockbroker formerly registered with Madison Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $250,000.00 in damages based upon allegations that Luley made unsuitable recommendations in connection with the sale…
Ahmad Mohamed Maklouf (also known as Ed Maklouf) of New York, New York, a stockbroker currently registered with Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages based upon allegations that Maklouf churned accounts, breached a fiduciary duty, made unsuitable and…
Michael D. Dorband of Blue Springs, Montana, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Dorband failed to respond to FINRA’s request for information. FINRA Case No. 2021071383001 (December 27, 2021). Public Disclosure…
Justin Walt Parker of Del Mar, California, a stockbroker registered with Hilltop Securities Inc. is the subject of a customer initiated investment related complaint on March 18, 2021, where the customer requested $280,000.00 in damages based upon accusations that Parker made unsuitable recommendations in connection with the sale of municipal bonds when Parker was associated…
Michael Christopher Venturino of Garden City, New York, a stockbroker registered with Aegis Capital Corp., is referenced in an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) where the regulator is seeking sanctions against Venturino based upon allegations that Venturino committed fraud and made excessive and unsuitable transactions in Aegis Capital Corp customer accounts….
Patrick Allen English of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that English refused to cooperate with a FINRA investigation into allegations of unauthorized trading. Letter of Acceptance, Waiver, and Consent No. 2022075677601 (August…
Zachary Hansen (also known as Zach Hansen) of Denver, Colorado, a stockbroker registered with UBS Financial Services Inc., has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hansen failed to retain private communications with customers concerning securities transactions….
John Dennis Lowry of New York, New York, the owner of Spartan Capital Securities LLC, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages because Lowry allegedly breached a fiduciary duty and had recommended unsuitable investments while he was registered with Spartan Capital Securities. Financial…
David Gene Menashe of New York, New York, a stockbroker formerly registered with Allied Millennial Partners LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with FINRA when he was under investigation for excessive and unsuitable trading. Letter of Acceptance, Waiver, and…
Roy Daniel Budd of Little Falls, New Jersey, a stockbroker formerly registered with Morgan Stanley, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $53,000.00 in damages because Budd allegedly made unsuitable investment recommendations for the customer’s managed account at Morgan Stanley Smith Barney in April of 2019….
Rosemary Teresa Vrablic of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly refusing to respond to FINRA inquiry into her activities. Case No. 2021070117201 (October 18, 2021). FINRA Public Disclosure shows that…
Adam Ray Melville of Sherman Oaks, California, a stockbroker currently registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 13, 2020, in which the customer requested $35,000.00 in damages because Melville allegedly made unauthorized trades involving municipal bonds during the time that he was associated with…
Christopher William Porter of Yalesville, Connecticut, a stockbroker currently registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested approximately $100,000.00 in damages because Porter allegedly provided unsuitable recommendations to the customer concerning alternative investments including GPB Automotive when Porter was associated…
Robin Lee Taliaferro of Solvang, California, a stockbroker formerly registered with Boustead Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with a FINRA investigation concerning accusations of Taliaferro’s sales practice violations at Boustead Securities as well as Sutter Securities Incorporated…
Michael Burton Ohlemacher of Maumee, Ohio, a stockbroker formerly registered with WS Brokerage Services 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 Ohlemacher engaged in outside business activities during the time that he was associated with WS Brokerage Services….
Juan Guillermo Herrans Barreras of Miami, Florida, a stockbroker formerly registered with Merrill Lynch, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages because Barreras allegedly made misrepresentations and unsuitable investment recommendations in connection with the sale of mutual funds during the period that…
Michael J. Haffling of Orland Park, Illinois, a stockbroker formerly registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $13,803.26 in damages because of the alleged recommendation and sale of illiquid, risky alternative investments for the customer’s individual retirement accounts at Kalos Capital….
Ronald Terrence Molo of Joliet, Illinois, a stockbroker formerly registered with Edward Jones, has been charged by Securities and Exchange Commission (SEC) with stealing approximately $800,000.00 from customers, at least one of which included an Edward Jones customer. SEC v. Ronald T. Molo, Civil Action No. 21-cv-06286 (November 23, 2021). According to SEC’s Complaint, between…
Jack Lewis Jones (also known as JJ Jones) of Houston, Texas, a stockbroker currently registered with Triad Advisors, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages because Jones allegedly provided unsuitable investment recommendations to the customer regarding a private placement when Jones was…
Stephen Gregory Whitman (also known as Steve Whitman) of Chesterfield, Montana, a stockbroker formerly registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Whitman failed to cooperate with an investigation into allegations of his sales practice violations as alleged in customer complaints….
Herbert Lee Weith IV of Naples, 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 for failing to respond to a request for information. FINRA Case No. 2019064197601 (January 10, 2022). According to FINRA Public Disclosure, Weith…
Gerald Roger Dewes of East Amherst, New York, a stockbroker formerly registered with Cadaret Grant Co. Inc., was referenced in a customer initiated investment related complaint which was settled for $58,000.00 in damages on September 3, 2021, based upon allegations that Dewes breached a fiduciary duty and defrauded the customer in connection with Dewes’ recommendations…
William Sideny Friedman of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $50,000.00 in damages based upon accusations that Friedman breached a fiduciary duty and made unauthorized trades when he was registered with Pinnacle Investments, Woodstock…
Franz Helmut Lambert II of New York, New York, a stockbroker formerly registered with Worden Capital Management 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 he effected unsuitable and excessive trades in a customer’s Worden Capital Management account. Letter…
Timothy Charles Williams of Tucson, Arizona, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly failing to comply with a FINRA inquiry. Case No. 2020067985001 (November 15, 2021). According to FINRA Public Disclosure, FINRA sought information from Williams in…
Stephen James Sullivan of New York, New York, a stockbroker formerly registered with Newbridge Securities Corporation, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages because Sullivan allegedly made unauthorized, unsuitable, and excessive securities transactions in the customer’s Newbridge Securities Corporation account. Financial Industry Regulatory…
Tina Michele Bryant (also known as Tina Bryant Cooper and as Tina Rowland Bryant) of Greenville, South Carolina, a stockbroker currently registered with Truist Investment Services Inc., is referenced in a customer initiated investment related written complaint on March 5, 2021, in which the customer requested $21,330.03 in damages because Bryant allegedly failed to follow…
Daniel L. Bicket (also known as Dan Bicket) of Reinbeck, Iowa, a stockbroker formerly registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate with FINRA investigators regarding his indexed annuity sales and outside business activities. Letter of…
Thomas Duggan of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $7,500.00 in damages based upon accusations that Duggan made excessive and unauthorized trades while he was registered with Aegis Capital Corp. Financial Industry Regulatory Authority…
Christopher Neil Watkins of Louisville, Kentucky, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on June 2, 2022, where the customer sought compensatory damages based upon allegations that Watkins provided unsuitable investment recommendations in connection with the sale of alternative investments, including business development company…
Patrick Reid Murray of Sandusky, Ohio, a stockbroker formerly registered with UBS Financial Services, 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 he engaged in outside business activities while registered with UBS Financial Services. Letter of Acceptance, Waiver, and Consent…
Jeremy W. Fortner of Beverly Hills, California, a stockbroker formerly registered with Wells Fargo Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fortner failed to respond to FINRA’s request for information. Case No. 2021072176101 (March 3, 2022). FINRA Public Disclosure shows that on December…
David Charles Turetzky of New York, New York, a stockbroker formerly registered with Morgan Stanley, was identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $390,000.00 in damages based upon allegations that Turetzky failed to supervise a stockbroker’s management of investment accounts at Morgan Stanley Smith Barney. Financial Industry…
Hugh Ordway Barndollar (also known as Hobby Barndollar) of Land O’Lakes, Florida, a stockbroker formerly registered with Crown Capital Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $36,000.00 in damages because Barndollar allegedly misrepresented and omitted information in connection with the sale of non-traded real estate…
Thomas Michael Hallberg (also known as Tom Hallberg) of Forest Lake, Minnesota, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Hallberg’s unauthorized trading in a customer’s account when he was registered with Edward…
Andrew Raymond Scheirer (also known as Andy Haas) of Lake Mary, Florida, a stockbroker formerly registered with Kovack Securities and Purshe Kaplan Sterling Investments, was referenced in a customer initiated FINRA securities arbitration claim which was settled for $17,500.00 in damages based upon on the allegations that Kovack failed to supervise and that Scheirer made…
Kenneth Andrews Welsh of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,857,001.59 in damages based upon allegations of unsuitable indexed annuity contracts for the customer when Welsh was associated with Wells Fargo Advisors. Financial…
McDonald Partners LLC, a securities broker-dealer headquartered in Cleveland, Ohio, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that McDonald Partners failed to perform due diligence concerning private placement offerings, including failing to disclose to investors the risks relating to the offerings. Letter of Acceptance, Waiver,…
Xiangyu Yu Zhang (also known as Sean Zhang) of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $99,999.99 in damages founded on allegations that Zhang provided unsuitable investment recommendations to the customer concerning …
James Kenneth Couture of Worcester, Massachusetts, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related written complaint that was settled for $270,179.42 in damages on May 19, 2022, supported by accusations of misappropriation of the customer’s funds by Couture while he was registered with LPL Financial. On September…
National Securities Corporation, a securities broker-dealer headquartered in Boca Raton, Florida, has been censured and fined $3,600,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on National Securities Corporation’s negligent omissions relating to GPB Capital Holdings and its failure to supervise the recommendation of non-traded real estate investment trusts (non-traded REITs) to customers. Letter…
James Travis Flynn (also known as Jim Flynn) of Greenville, South Carolina is identified in a customer initiated investment related FINRA securities arbitration claim in which the customers seek $1,500,000.00 in damages based upon allegations that Flynn made misrepresentations ccncerning investments made in a business development company and real estate investment trust by Flynn while…
Neil Walter Koch of Minneapolis, Minnesota, a stockbroker formerly registered with American Enterprise Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Koch refused to give documents and information to FINRA during an investigation into the circumstances of Koch’s employment termination…
Daniel Todd Lerner of White Plains, New York, a stockbroker currently registered with David Lerner Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages for breach of fiduciary duty, misrepresentation, and unsuitable trades when Lerner was associated with David Lerner Associates. Financial…
Michael Francis Shillin of Altoona, Wisconsin, a stockbroker formerly registered with AGP (Alliance Global Partners), has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment advisor and barred from associating with those institutions, according to an SEC Order containing findings of Shillin misrepresenting information to investors and misleading them…
James A. Parrelly (also known as Jim Anthony Parrelly) of Dearborn, Michigan, a stockbroker formerly registered with Investment Planners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Parrelly’s refusal to comply with a FINRA investigation concerning his potential unauthorized communications relating to…
Kevin Charles Fretz of South Windsor, Connecticut, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon allegations that Fretz made the unsuitable recommendation of certain non-traded real estate investment trusts (“REITs”) while he was…
William Edward Torriente (also known as Ed Torriente and as Eddy Torriente) of Phoenix, Arizona, a stockbroker formerly registered with Comerica Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Torriente failing to cooperate with FINRA investigators concerning allegations of Torriente’s unauthorized…
Charles Scott Burford (also known as Scott Burford), a stockbroker formerly registered with Hilltop Securities Independent Network Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member according to a FINRA Office of Hearing Officers’ Hearing Panel Decision containing findings of Burford’s unauthorized transactions in…
David Michael Karandos of Indianapolis, Indiana, a stockbroker formerly registered with Dinosaur Financial Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Karandos failed to cooperate with a FINRA investigation into allegations of Karandos’ unsuitable recommendations in the account of a Dinosaur…
Gary Begnaud of Mount Laurel, New Jersey, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is identified in a FINRA securities arbitration claim in which the customer seeks unknown compensatory damages based upon the alleged unauthorized trading of mutual funds some two years earlier in 2020 while Begnaud was associated with Merrill Lynch….
Lawrence John Fawcett (also known as Larry Fawcett Jr.) of Los Angeles, California, a stockbroker formerly registered with Westpark Capital and Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member supported by allegations that Lawrence failed to pay an arbitration award to an investor. FINRA Public Disclosure …
Christopher R. Bice (also known as Cubby Bice) of Greensboro, North Carolina, a stockbroker currently registered with Sagepoint Financial Inc., is referenced in a customer initiated investment related written complaint on February 9, 2022, where the customer sought $7,600.00 in damages based upon accusations of Bice’s unsuitable investment recommendations concerning structured notes while he was…
Ramiro Luis Colon (also known as Ramiro Luis Colon Ortiz III) of Miami, Florida, a stockbroker formerly registered with UBS Financial Services, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Colon discussed securities business with customers through…
Heather Peterson Weber (also known as Heather Adrienne Weber) of Clearwater, Florida, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages based upon allegations that Weber made misrepresentations and provided unsuitable investment recommendations during…
Anthony Baker Liddle (also known as Tony B. Liddle) of Oshkosh, Wisconsin, a stockbroker formerly registered with Landolt Securities and Western International Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Liddle refused to comply with the regulator during an investigation into Liddle’s…
Michael Christopher Martino of New York, New York, a stockbroker currently registered with Four Points Capital Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages based upon accusations that Martino provided unsuitable investment advice by Martino from 2014 to 2017 in connection…
Charles Ronald Baker (also known as Ron Baker) of Lubbock, Texas, a stockbroker formerly registered with Richfield Orion International Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Baker did not cooperate with the regulator regarding its investigation into his possible unsuitable and…
Gary David Ginsberg of West Orange, New Jersey, a stockbroker formerly registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages based upon allegations that Ginsberg made unsuitable alternative investment recommendations while associated with Royal Alliance. Financial Industry Regulatory…
Timothy Patrick Higgins of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been charged in a Complaint in which Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleges that Higgins failed to cooperate with a FINRA investigation on two separate occasions relating to Higgins’ potential excessive and unsuitable trading of…
Paul Itzchak Antevy of North Miami Beach, Florida, a stockbroker registered with FMSBonds Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $14,999.00 in damages supported by accusations of the customer being misled by Antevy regarding investments in corporate debt while Antevy was employed by FMSBonds. Financial…
Camille Cordova of Woodland Hills, California, a stockbroker formerly registered with Equitable Advisors (formerly known as AXA Advisors), has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Cordova made an unsuitable recommendation to the customer regarding a variable…
Timothy Allen Thelen (also known as Tim Thelen) of Middletown, New Jersey, a stockbroker formerly registered with Accelerated Capital and Aeon Capital, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $1,500,000.00 in damages supported by accusations of negligence and breach of fiduciary duty relating to private placement…
Grant Christopher Birkley of Barrington, Illinois, a stockbroker formerly registered with SagePoint Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $625,000.00 in damages supported by accusations of an inappropriate private investment fund through Birkley during the time that he was associated with Sagepoint Financial….
Kristian M. Gaudet of Cut Off, Louisiana, a stockbroker formerly registered with Ameritas Investment Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages based upon accusations of negligence and breach of fiduciary duty while Gaudet was employed by Ameritas Investment Corp. Financial Industry…
Brian F. Donnelly of Iselin, New Jersey, a stockbroker formerly registered with First Allied Securities Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Donnelly engaged in private securities transactions when he was associated with First Allied Securities. Letter of…
Igor Peter Kislitsa of Citrus Heights, California, a stockbroker formerly registered with PFS Investments Inc., has been suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kislitsa failed to timely comply with a FINRA investigation concerning his involvement in customer accounts while registered…
Robert Douglas Armstrong of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $123,000.00 in damages founded on accusations of unsuitable investment recommendations by Armstrong concerning limited partnership interests or direct participation program interests while Armstrong…
Vincent Anthony Virga of Bayonne, New Jersey, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer received unsuitable investment recommendations from Virga concerning alternative investments while Virga was associated with Madison…
Jonathan Craig Rich of New York, New York, a stockbroker and investment banking principal formerly registered with National Securities Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Rich refused to testify in a FINRA investigation concerning solicitation of offerings and his supervision…
William Mark Heiden of Newport Beach, California, a stockbroker formerly registered with Wedbush Securities, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages based upon accusations of unsuitable and unauthorized trading of stocks by Heiden during the time that he was registered with Wedbush Securities…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines, Iowa, a stockbroker formerly registered with Principal Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $250,000.00 in damages based upon allegations of Principal Securities’ failure to supervise Krohn, in connection with the…
James Royal Kirchner of Chicago, Illinois, a stockbroker formerly registered with David A. Noyes Company, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Kirchner falsifying documents concerning a customer’s purchase of a private placement while Kirchner was employed by David…
Joseph Ijong Chu of Stamford, Connecticut, a stockbroker currently registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $866,302.56 in damages founded on accusations that the customer was placed into unsuitable over-the-counter equities by Chu during the time that he…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford, Connecticut, a stockbroker registered with Investors Capital Corp and Woodbury Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $35,000.00 in damages based upon allegations of unsuitable investment recommendations by Ginsberg concerning real estate securities,…
Arieh Israel of New York, New York, a stockbroker formerly registered with NYLife Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Israel misappropriated customer funds. Letter of Acceptance Waiver and Consent No. 2020065370301 (June 23, 2021). According to the AWC, on June…
John Albert Westbrook of McDonough, Georgia, a stockbroker formerly registered with Center Street Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $80,000.00 in damages based upon accusations of negligence and unsuitable transactions relating to Future Income Payments LLC while Westbrook was associated with Center Street Securities….
Antoine Nabih Souma of Los Angeles, California, a stockbroker formerly registered with JP Morgan Securities LLC and Morgan Stanley, has been fined $20,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Souma provided a customer with misleading and incorrect accounts reports…
Jon Richard Pariser of Pacific Grove, California, a stockbroker formerly registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $103,004.30 in damages supported by accusations that the customer had been persuaded by Pariser to invest their funds into an unregistered investment….
Sanjay Bhargava of Independence, Ohio, a stockbroker formerly registered with Securities America 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 based upon findings that Bhargava took part in private securities transactions during the time that he was employed by Securities…
James Earl Simpson of Toledo, Ohio, a stockbroker formerly registered with Equitable Advisors LLC, is identified in a customer initiated investment related written complaint which was settled for $51,500.00 on January 28, 2022, founded on allegations that the customer was sold an unsuitable variable annuity through Simpson when he was employed by Equitable Advisors. According…
Mark Charles Cohen of New York, New York, a stockbroker formerly registered with BCG Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $55,000.00 in damages based upon accusations of BCG Securities’ failure to supervise trading in the customer’s account, resulting in unsuitable real estate…
Robert James D’Andria (also known as Bobby Dandria and Bob Dandria) of Spring Lakes, New Jersey, a stockbroker currently registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations of negligent supervision, fraud, unauthorized trading, breach of…
Matthew Howard Smith of Clifton Park, New York, a stockbroker formerly registered with Securities America Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to cooperate with investigators in regard to the reason for his termination as a stockbroker from Securities America. Department of Enforcement v. Matthew Smith, Disciplinary…
Walter Warren Parker of Addison, Texas, a stockbroker formerly registered with Titan Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought between $50,000.00 and $100,000.00 in damages founded on allegations of unsuitable alternative investments, including BDCs and real estate securities when Parker was associated with…
Ian Phillip Lowrey of Brandon, South Dakota, a stockbroker formerly 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 supported by findings that he executed excessive trades in customer accounts resulting in losses to Spartan Capital…
Stephanie Jing Wen Xiao of Harrisburg, Pennsylvania, a stockbroker formerly registered with PFM Fund Distributors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Xiao failed to cooperate with a FINRA investigation concerning allegations of Xiao’s trading in an unapproved account while registered…
Bradley Carl Mascho of Frederick, Maryland, a stockbroker formerly registered with Western International Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages supported by accusations of Mascho’s unsuitable trading in the customer’s account concerning exchange-traded funds while Mascho was registered with Western International…
Bennett Robert Zamani of Paramus, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $27,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zamani engaged in outside business activities and had provided prospective investors with unbalanced and unfair…
Brian Radoo of North Woodmere, New York, a stockbroker formerly registered with Next Financial Group Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $76,000.00 in damages based upon accusations that the customer was provided bad advice by Radoo regarding purchases of non-traded real estate investment…
Jesus Jose Alvidrez of Brea, California, a stockbroker formerly registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Alvidrez failed to comply with a FINRA investigation concerning alleged outside business activities while registered with Transamerica Financial Advisors. Letter…
David Richard Geake of Chicago, Illinois, a stockbroker registered with American Trust Investment Services Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $965,793.00 in damages based upon allegations of breach of contract, negligence, fraud, violation of Illinois securities laws, violation of FINRA Rules 2311,…
Kaival Patel of Hackensack, New Jersey, a stockbroker formerly registered with Stifel Nicolaus Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Patel was uncooperative with FINRA’s investigation into allegations of Patel committing fraud. Letter of Acceptance, Waiver, and Consent No. 2022074024401 (May…
Noel Ray Vincent of Houston, Texas, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based upon allegations of unsuitable recommendations by Vincent when he was associated with Madison Avenue Securities. Financial…
Edgar A. Kleydman of Brooklyn, New York, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is named in a customer initiated investment related FINRA securities arbitration claim where the customer received an award of $10,325.32 in damages supported by findings of Kleydman’s sales practice violations. The Statement of Claim alleges negligence,…
Jeffrey Raymond Dixson of Vancouver, Washington, a stockbroker formerly registered with Madison Avenue Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by allegations of unsuitable alternative investment recommendations by Dixson, which included sales of limited partnership interests or direct participation program…
Edric Michael McSween of Naples, Florida, a stockbroker formerly registered with Ameriprise Financial Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with the regulator while under investigation for potentially engaging in unauthorized outside business activities and unauthorized…
Torch Securities LLC, a securities broker dealer headquartered in Sugar Land, Texas, has been censured and fined $17,500.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Torch Securities failed to supervise private placement transactions recommended to customers. Letter of Acceptance, Waiver, and Consent No. 2019062311702 (May 6, 2022). According to the AWC, from…
Vincent John Villani of New York, New York, a stockbroker currently registered with National Securities Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages founded on accusations that the customer had been sold unsuitable private placements by Villani while he was employed by…
Matthew William Crafa of Garden City, New York, a stockbroker currently registered with Royal Alliance Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $525,000.00 in damages founded on accusations of breach of fiduciary duty, negligence, misrepresentation, and the violation of FINRA Rules 2111 and 2110…
Peter J. Fetherston of New York, New York, a stockbroker formerly registered with Principal Securities Inc., has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint that alleges Fetherston’s misappropriation and conversion of funds belonging to two customers of Principal Securities. Department of Enforcement v. Peter J. Fetherston, Disciplinary Proceeding No. 2020065396501 (May…
William Franklin Richardson (also known as Frank Richardson) of Houston, Texas, a stockbroker formerly registered with Investacorp Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $90,000.00 in damages based upon accusations of unsuitable Business Development Company and Real Estate Investment Trust purchases by Richardson while he…
Charles Chester Kulch of Nashua, New Hampshire, a stockbroker formerly registered with Next Financial Group Inc., has been barred by Massachusetts Securities Division from being a stockbroker supported by allegations of Kulch making unsuitable recommendations to customers on variable annuities and non-traded real estate investment trusts. In the Matter of Charles C. Kulch Docket No….
Philip Anthony Simone of Irvine, California, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is identified in a customer initiated investment related written complaint on December 30, 2021, where the customer requested compensatory damages supported by accusations that Simone did not pay them back on a loan Simone received while registered…
Daniel James Lauletta of Cleveland, Ohio, a stockbroker formerly registered with MML Investors Services LLC, is the subject of an Arkansas Securities Department regulatory investigation in which the Department might file a complaint seeking revocation, administrative fines, and a cease and desist order against Lauletta based upon allegations that Lauletta potentially violated Arkansas Securities Act…
Berthel Fisher Company Financial Services, a securities broker-dealer headquartered in Cedar Rapids, Iowa, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that it recommended unsuitable options to a customer and failed to supervise options trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018057425202…
IBN Financial Services Inc., a securities broker-dealer headquartered in Liverpool, New York, has been censured and fined $45,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that IBN negligently omitted information to customers in connection with GPB Capital Offerings. Letter of Acceptance, Waiver, and Consent No. 2019061214401 (April 14, 2022). According to the AWC,…
Daniel Todd Levine of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $8,500.00 in damages based upon allegations of unsuitable trading and private securities transactions by Levine while he was employed by Morgan Stanley. Financial Industry…
Janie Garza-Clark of Scottsdale, Arizona, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Garza-Clark failed to testify in an investigation relating to allegations of her activities with a customer during the time that Garza-Clark…
Bruce Cameron Amman of Golden, Colorado, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Amman engaged in private securities transactions during the time that he was employed by LPL Financial. Letter of…
Steven Andrew Greer of Charlotte, North Carolina, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related civil lawsuit where the customer requested $25,000.00 in damages based upon allegations of unsuitable recommendations by Greer concerning direct participation programs, business development corporations, real estate securities, and fixed annuities during…
Shawn Edward Good of Wilmington, North Carolina, a stockbroker formerly registered with Morgan Stanley, has been charged by Securities and Exchange Commission (SEC) with operating a Ponzi scheme causing $2,000,000.00 in losses to investors. SEC v. Shawn Good, Case No. 7:22-cv-00060 (April 18, 2022). According to the Complaint, between December 2012 and February of 2022,…
Michael William Leahy of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company LLC, is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $2,842,976.79 in damages based on Leahy being found liable for sales practice violations. Financial Industry Regulatory Authority (FINRA) Arbitration…
Doan Cong Nguyen of Vancouver, British Columbia, a stockbroker formerly registered with Raymond James (USA) Ltd., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with FINRA while under investigation for an undisclosed outside business activity while registered with Raymond…
Adam Gerard Belardino of Elmsford, New York, a stockbroker formerly registered with MML Investors Services LLC, is identified in a customer initiated investment related written complaint which was resolved for $13,431.00 on December 21, 2021, founded on accusations that unsuitable real estate investment trusts were sold to the customer by Belardino during the time that…
Philip Marchese of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC, has been suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Marchese made unsuitable recommendations to a customer when Marchese was employed by Spartan Capital. Letter of…
Samuel Girgiss of New York, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of excessive trading, unsuitable trading, and failure to supervise by Worden Capital Management. Financial Industry Regulatory Authority (FINRA)…
Philip Anthony Riposo of Cave Creek, Arizona, a stockbroker formerly registered with United Planners’ Financial Services of America, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with a FINRA investigation concerning allegations of his creation of fake account statements…
Clifford Ronald Reid of New York, New York, a stockbroker currently registered with Reid Rudiger LLC, is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $21,000.00 in damages supported by accusations that Reid breached a fiduciary duty to the customer in reference to stock and over-the-counter equities trades…
John Scott Winslow of Gig Harbor, Washington, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Winslow failed to cooperate with a FINRA investigation concerning accusations of his failure to return funds provided to him from an…
Samuel Ray Head of Seneca, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $60,000.00 in damages based upon allegations of unsuitable trading by Head relating to a closed-end fund while Head was associated with Voya Financial…
Jonathan Adam Stuffer (also known as Jon Stuffer) of Staten Island, New York, a stockbroker formerly registered with JP Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA during the time that it investigated his…
Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded…
Ryan James Ott of Woodbridge, New Jersey, a stockbroker formerly registered with Equitable Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to cooperate with FINRA’s request for information. Case No. 2020068564201 (November 1, 2021). According to FINRA Public Disclosure,…
Chad Mackland of Council Bluff, Iowa, a stockbroker formerly registered with Lion Street Financial and MML Investors Services, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative supported by findings of Mackland pleading guilty to a charge of Ongoing Criminal Conduct. Order Instituting Administrative Proceedings File…
Christopher John Passero of Hurricane, West Virginia, a stockbroker currently registered with Money Concepts Capital Corp, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Passero shared in customers’ losses when he was registered with Money Concepts Capital…
George Louis McCaffrey of Englewood, Colorado, a stockbroker formerly registered with NTB Financial Corporation (formerly known as Neidiger Tucker Bruner Inc.), is referenced in a customer initiated investment related civil action on September 16, 2021, in which the customer sought $1,702,000.00 in damages based upon accusations of false representations by McCaffrey concerning a promissory note…
Robert C. David of Farmington Hills, Michigan, a stockbroker formerly registered with Morgan Stanley Smith Barney LLC, has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he falsified customer account information, overconcentrated customers’ accounts in lower-quality securities, and…
Jay Sailesh Sheth of New York, New York, a stockbroker currently registered with National Securities Corporation, has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Sheth’s undisclosed private securities transactions, sharing in customer losses, and use of communication…
John Joseph Conroy of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations of negligence and fraud as it pertained to stock trades executed in the customer’s account while Conroy…
Neil David Berlant of Los Angeles, California, a stockbroker formerly registered with DA Davidson Co., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he executed discretionary trades in customer accounts without written authorization and mismarked customer order…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster, Pennsylvania, a stockbroker formerly registered with Geneos Wealth Management Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $275,000.00 in damages based upon accusations that Braverman provided unsuitable advice to the customer regarding direct participation program…
Marianne Oshee Smith of Avon, Connecticut, a stockbroker formerly registered with Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she converted funds from elderly customers of Cetera Advisors. Letter of Acceptance, Waiver, and Consent No. 2021071670001 (April 5, 2022). According…
Christopher Grant Conness of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that the customer was provided with unsuitable recommendations of real estate securities and alternative investments, including direct…
Jeffrey Paul Weiner of New York, New York, a stockbroker formerly registered with Pruco Securities 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 supported by findings of Weiner’s unauthorized activities, including impersonating a Pruco Securities customer to identify information on…
Cindy Lucille Porto Chiellini of Lexington, South Carolina, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $70,000.00 in damages founded on allegations of unsuitable real estate securities and corporate bonds being recommended by Chiellini during the time that…
John Anthony Orlando of Fort Lauderdale, Florida, a stockbroker formerly registered with Westpark Capital Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unsuitable recommendations, falsifying information on Westpark Capital’s books and records relating to his solicitation of trades, and falsifying statements to the securities broker dealer regarding his…
Kevin Marshall McCallum of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $725,650.00 in damages founded on allegations that the customer was overconcentrated in a business development company (BDC) when McCallum was registered with LPL Financial LLC….
Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages based upon allegations that Fasciglione made misrepresentations to the customer regarding stocks during the time that he was employed by Aegis Capital…
Jonathan Michael Turner of Hershey, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Turner’s participation in private securities transactions when he was registered with Ameriprise Financial Services. Letter of Acceptance, Waiver,…
Michael McDermott Sr. of Mobile, Alabama, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in unauthorized trading and had falsified documents during the time that he was registered…
Dustin Paul Shafer of Springfield, Illinois, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded on accusations that the customer was placed into unsuitable direct participation program interests or limited partnership interests when Shafer was employed…
Scott Neil Hananel of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, has been fined $7,500.00 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hananel engaged in unsuitable and excessive trading when he was associated with Aegis Capital…
Scott Michael Rosenberg of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $8,000,000.00 in damages based upon accusations that Rosenberg provided unsuitable recommendations and misrepresented information concerning an options overlay strategy that the…
Francis Joseph Velten (also known as Frank Velten) of New Port Richey, Florida, a stockbroker formerly registered with Summit Brokerage Services Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to cooperate in a FINRA investigation into accusations of Velten’s churning of customer accounts when he was employed by…
Stephen Spencer Gladstone of New York, New York, a stockbroker formerly registered with Liberty Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, supported by findings that Gladstone failed to cooperate with FINRA when he was under investigation for a private securities transaction. Letter of Acceptance,…
Patrick Nicholas Teutonico of Seaford, New York, a stockbroker currently registered with Network 1 Financial Securities, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Teutonico made excessive and unsuitable trades during the time that he was associated with Network 1…
StockKings Capital LLC and Gregory Antonius Lewis (CEO) of New York, New York, have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Order containing findings that false and misleading marketing communications were made by StockKings and Lewis and that written disclosures were not made in private placement offerings. Department of Enforcement v….
James Blake Daughtry of Dothan, Alabama, a stockbroker formerly registered with Kestra Investment Services, is identified in an investment related lawsuit which was resolved for $65,000.00 in damages based upon allegations that Daughtry wrongfully solicited the investor’s funds to be held with an investment advisor that Securities and Exchange Commission (SEC) found to have committed…
Geneos Wealth Management, a securities broker dealer headquartered in Centennial, Colorado, has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that it failed to supervise alternative investment transactions, resulting in losses to Geneos Wealth Management customers. Letter of Acceptance, Waiver, and Consent No. 2019061764701 (March 18, 2022). According to…
John Edward Massa of Staten Island, New York, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages based upon accusations of Massa’s unsuitable recommendations of real estate investment trusts (REITs) when he was associated with Cetera Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No….
David Michael Stevens of La Jolla, California, a stockbroker formerly registered with Park Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of unauthorized transactions and forgery when Stevens was registered with Park Avenue Securities. Letter of Acceptance, Waiver, and Consent No. 2020068606301…
Mark Allen Barrand of Denver, Colorado, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on accusations of Barrand’s unsuitable investment advice as it pertained to real estate securities when Barrand was registered with…
Dempsey Lord Smith, a securities broker dealer headquartered in Rome, Georgia, has been censured and fined $70,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it made unsuitable investment recommendations and failed to tell investors adverse information about GPB Capital Holdings LLC. Letter of Acceptance, Waiver, and Consent No. 2019061213901 (March 21, 2022)….
John Stephen Pronovost of Watertown, Connecticut, a stockbroker formerly registered with Cambridge Investment Research, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $43,534.53 in damages supported by accusations of misrepresentation by Pronovost regarding the customer’s investment in LJM Preservation and Growth Fund, resulting in damages to…
Marc Augustus Reda of New York, New York, a stockbroker formerly registered with Spartan Capital Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he churned investor accounts and made unauthorized trades when he was employed by Spartan Capital Securities. Department of Enforcement…
Mark Allen Frommer of Chicago, Illinois, a stockbroker formerly registered with Morgan Stanley, is referenced in a customer initiated investment related written complaint on December 3, 2021, in which the customer sought $700,000.00 in damages supported by allegations of unauthorized trading by Frommer when he was registered with Morgan Stanley. Frommer has been identified in…
David Robert McDonnell (also known as Dave McDonnell) of Laguna Beach, California, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation centered on allegations of McDonnell’s potential private…
Shawn Bruce Davis of Auburn, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by accusations that REIT and interval fund transactions effected in the customer’s account by Davis were unsuitable for the customer during…
Michael Joseph Giannetti of McKinney, Texas, a stockbroker formerly registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with the request FINRA made during its investigation into his potential outside business activities while registered…
Gerald James O’Halloran of Punta Gorda, Florida, a stockbroker currently registered with Union Capital Company, 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 of O’Halloran’s unsuitable recommendations to the customer concerning business development companies (BDCs) and limited partnerships (LPs)…
Gerard Joseph Costello of New York, New York, a stockbroker currently registered with UBS Financial Services Inc., is the subject of a customer initiated investment related civil action in which investors collectively sought $1,200,000,000.00 in damages founded on allegations of Costello’s failure to disclose risks concerning Yield Enhancement Strategy (YES) when Costello was registered with…
Alpine Securities Corporation, a securities broker dealer headquartered in Salt Lake City, Utah, has been expelled as a securities broker dealer and ordered to cease and desist violating FINRA rules founded on findings of Alpine Securities Corporation’s misuse and conversion of customer funds, as well as its mismanagement and unauthorized trading in customer accounts. Department…
Masood Husain Azad (also known as Mike Azad) of League City, Texas, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $500,000.00 in damages founded on accusations of breach of contract, misrepresentation, and negligent supervision of the customer’s…
Arkady Ginsburg of New York, New York, a stockbroker currently registered with Aegis Capital Corp, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of his excessive trading in customers’ accounts during the time that he was employed by Aegis Capital Corp….
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $15,801.50 in damages based upon allegations that the customer’s account had been overconcentrated by Martinsen in real estate securities in illiquid investments while…
Eric Edward Nicolassy of Red Bank, New Jersey, a stockbroker formerly registered with Woodstock Financial Group Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nicolassy engaged in unauthorized trades in customer accounts while he was employed by Woodstock Financial…
Thomas Edison Kelly of New York, New York, a stockbroker currently registered with Aegis Capital Corp., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $20,651.79 in damages based upon accusations of breach of fiduciary duty, breach of contract, and unsuitable transactions by Kelly when he was associated…
Ray Gene Reese of Farmington, Missouri, a stockbroker currently registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $40,000.00 in damages founded on allegations of Reese’s unsuitable advice regarding a real estate security the customer purchased during the time that Reese…
Dan Edward Droeg (also known as Dan Edwards Droeg) of Mesa, Arizona, a stockbroker formerly registered with United Planners Financial Services of America, a Limited Partner, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of conversion (misuse of investor funds) when Droeg was registered…
Scott Thomas Wolfrum of Indianapolis, Indiana, a stockbroker formerly registered with David Noyes Company, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that unsuitable recommendations were made to the customer by Wolfrum concerning alternative investments, including real…
Stephen Gregory Whitman (also known as Steve Whitman) of Chesterfield, Missouri, a stockbroker formerly registered with Oppenheimer Co. Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to provide information to FINRA when it investigated him for a customer complaint. Department of Enforcement v. Stephen G. Whitman, Disciplinary Proceeding…
Luke Michael Johnson of Scottsdale, Arizona, a stockbroker formerly registered with Coastal Equities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by accusations of Johnson made unsuitable recommendations to the customer concerning real estate securities and direct investments, including direct participation…
Vorpahl Wing Securities and Tim James Vorpahl (President and CCO), of Spokane, Washington, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm and Vorpahl failed to supervise suitability of securities transactions and failed to supervise trading, resulting in excessive trading in Vorpahl Wing Securities customer’s accounts. Letter of Acceptance,…
Lester William Burroughs (also known as Chad Burroughs) of Torrington, Connecticut, a stockbroker formerly registered with Lincoln Investment Planning LLC (Lincoln Investment), is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by accusations of misrepresentations relating to fixed and variable annuities when Burroughs was employed…
Scott Wayne Reed of Scottsdale, Arizona, a stockbroker formerly registered with First Financial Equity Corporation, is referenced in a customer initiated investment related written complaint on September 15, 2021, where the customer sought compensatory damages based upon accusations of the customer being recommended unapproved outside investments by Reed when he was associated with Wells Fargo…
Bentley Edward Blackmon of Little Rock, Arkansas, a stockbroker formerly registered with securities broker dealer, Stephens, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blackmon engaged in private securities transactions while he was associated with Stephens. Letter…
Randy Lee Birkinbine, of North Oaks, Minnesota, a stockbroker formerly registered with Ausdal Financial Partners Inc., is referenced in a customer initiated investment related securities arbitration claim where the customer requested $100,000.00 in damages founded on accusations of breach of fiduciary duty concerning Birkinbine’s private placements when he was employed by Ausdal Financial Partners. Financial…
Matthew Stern Buchsbaum of New York, New York, a stockbroker currently registered with UBS Financial Services, is referenced in a customer initiated investment related class action complaint in which customers sought $1,200,000,000.00 in damages supported by accusations of the failure to disclose risks, conflicts of interest, and performance of Yield Enhancement Strategy (YES) between 2016…
John Joseph Stapleton of Garden City, New York, a stockbroker currently registered with Spartan Capital Securities, is referenced in a customer initiated investment related securities arbitration claim which was settled for $10,000.00 in damages founded on allegations of unsuitable investment recommendations and misrepresentations by Stapleton when he was employed by Spartan Capital Securities. Financial Industry…
James Andrew Geake (also known as Jim Geake) of Skokie, Illinois, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA arbitration claim which was settled for $450,000.00 in damages supported by accusations of unsuitable recommendations by Geake regarding alternative investments, including Hospitality Investors Trust, during the time…
Gregory Scott Hanshew (also known as Greg Scott Hanshew), a stockbroker formerly registered with Infinity Financial Services, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Hanshew failed to cooperate in a FINRA investigation after being asked to provide documents and information to the regulator. Department of Enforcement v. Gregory…
Steven Martin Barnett of Jacksonville, Florida, a stockbroker formerly 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 founded on findings that Barnett mismarked customer order tickets while he was employed by LPL Financial. Letter of Acceptance,…
Donovan Thomas Kelly of Billings, Montana, a stockbroker currently registered with Independent Financial Group, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kelly engaged in private securities transactions when he was registered with Independent Financial Group. Letter…
Paul Ronald Koch of Wayzata, Minnesota, a stockbroker formerly registered with RBC Capital Markets LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA while he was under investigation for allegedly making unsuitable investment recommendations and diverting funds…
Terry Tzagarakis (also known as Terry Rakis) of Bay Ridge, New York, a stockbroker formerly registered with Spartan Capital Securities, is referenced in a customer initiated investment related FINRA arbitration claim where the customer requested $1,240,169.28 in damages supported by accusations that between 2013 and 2021, the customer’s account had been churned. Financial Industry Regulatory…
Michael Joseph Muratore of Ardsley New York, a stockbroker formerly registered with JP Morgan Securities, has been fined $25,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Muratore’s forgery of annuities documents during the time that he was registered with JP…
David Michael Lademan of Okemos Michigan, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA arbitration claim in which the customer sought up to $500,000.00 in damages founded on allegations of negligent supervision and breach of contract concerning private placements and real estate securities through Lademan at…
Andrew Benjamin Edenbaum of Aventura Florida, a stockbroker formerly registered with National Securities Corporation, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Edenbaum participated in private securities transactions while he was registered with National Securities Corporation. Letter…
John Anthony Orlando of Melbourne Beach, Florida, a stockbroker currently registered with SW Financial LLC, is the subject of a FINRA investigation where FINRA has recommended that Orlando face disciplinary action founded on accusations of his violation of federal securities laws and FINRA rules. FINRA Investigation No. 20190636333 (February 22, 2022). According to FINRA Public…
Ricky Alan Mantei (also known as Ricky Alan Mantel), a stockbroker and branch manager of Centaurus Financial, is the subject of a customer initiated investment related FINRA arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that between 2013 and 2019, misrepresentations and unsuitable trades were made at Centaurus Financial. Financial…
Dan Edward Droeg (also known as Dan Edwards Droeg) of Mesa, Arizona, a stockbroker formerly registered with United Planners Financial Services of America, a Limited Partner, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of conversion (misuse of investor funds) when Droeg was registered…
Brian Orlando Blanco of Bloomington, Illinois, a stockbroker formerly registered with State Farm VP Management Corp., has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he forged his customers’ signatures on applications when associated with State Farm VP…
Albert Foronda of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $36,836.24 in damages founded on accusations of unauthorized and unsuitable trading by Foronda concerning a private placement when Foronda was registered with Spartan Capital…
William David Hobby of Atlanta, Georgia, a stockbroker formerly registered with UBS Financial Services Inc., is identified in a customer initiated investment related written complaint which was resolved for $229,000.00 on October 2, 2019, supported by allegations of the customer being placed into unsuitable over-the-counter equities when Hobby was employed by UBS Financial Services. According…
Alan Robert Price of Frankfort, Indiana, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Price borrowed money from an Edward Jones customer and failed to provide information and documents to…
Dale Edward Wright of Henrico, Virginia, a stockbroker formerly registered with Cambridge Investment Research Inc., is identified in a customer initiated investment related written complaint on August 4, 2021, where the customer sought compensatory damages founded on allegations of unsuitable investment advice involving life insurance policies and investment strategies when Wright was registered with Cambridge…
Richard Foerster Reynolds of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is identified in a customer initiated investment related FINRA arbitration claim where the customer sought $1,606,034.39 in damages supported by allegations of breach of fiduciary duty and churning of the customer’s account by Reynolds when he was registered with…
Andrew Bruce Elsoffer of Pepper Pike, Ohio, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized trading, loaned funds to a Stifel Nicolaus customer, and…
Michael Gerard Tate (also known as Mike Tate) of San Mateo, California, a stockbroker formerly registered with Securian Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $37,500.00 in damages supported by accusations of Tate making an unsuitable sale of a variable annuity to the…
Richard Harris Sall of Duluth, Minnesota, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related written complaint on January 10, 2020, where the customer sought $22,792.85 in damages based upon allegations of the customer being misled in regard to a variable annuity purchase that subjected the customer…
Worden Capital Management LLC, a securities broker dealer headquartered in Garden City, New York, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to supervise private placement offerings, including its failure to conduct due diligence to ensure that investments were suitable for investors. Department of Enforcement v. Worden Capital Management…
Serge Parakhnevich (also known as Serge Parker) of New York, New York, a stockbroker currently registered with PHX Financial Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $14,999.00 in damages based upon accusations of breach of fiduciary duty by Parakhnevich concerning over-the-counter equities executed in the…
Joseph Kelly (also known as Joe Kelly) of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA arbitration claim in which the customer requested $844,107.44 in damages founded on allegations that Spartan Capital Management failed to supervise private placement and stock transactions…
Jason Andrew Wilk (also known as Jason A. Wilks) of New York, New York, a stockbroker formerly registered with Worden Capital Management, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Wilk failed to testify in a FINRA investigation regarding allegations of his excessive…
Fusion Analytics Securities LLC, a securities broker dealer headquartered in Coral Springs, Florida, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with defrauding investors in relation to the sale of bond offerings. Department of Enforcement v. Fusion Analytics Securities LLC, Disciplinary Proceeding No. 2018059545604 (March 7, 2022). According to the Complaint,…
Nicholas James Schiano of New York, New York, a stockbroker currently registered with Spartan Capital Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,343.10 in damages founded on accusations that the customer’s account was churned and that unauthorized trades were made by Schiano during…
Paul Warren Vizanko of Duluth, Minnesota, 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 allegations that Vizanko failed to respond to FINRA’s request for information regarding the borrowing and misappropriation of customer funds. Case No….
Lance Colby Walston of San Antonio, Texas, a stockbroker formerly registered with Dominion Portfolio Management Inc., is referenced in a customer initiated investment related written complaint that was resolved on June 8, 2021, for $150,000.00 in damages based upon accusations of Walston’s inappropriate options transactions causing losses in the customer’s Dominion Portfolio Management account between…
Marshall Owen Isaacson of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $75,000.00 in damages founded on allegations of negligence, breach of contract, and breach of fiduciary duty by Isaacson in regard to alternative investment transactions,…
Michael Walter Mandel of Upper Saddle River, New Jersey, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions while he was associated with Royal…
Anthony Glenn Hall of Dayton, Texas, a stockbroker formerly registered with Edward Jones, is referenced in a customer initiated investment related written complaint on December 18, 2020, in which the customer requested $300,000.00 in damages based upon accusations that funds were “improperly removed” from the customer’s account when Hall was registered with Edward Jones. The…
Mark William Pearcy of San Diego, California, a stockbroker formerly registered with MSI Financial Services Inc. (MetLife), is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages based upon allegations of Pearcy’s misrepresentation of a variable universal life insurance policy during the time that Pearcy was employed by…
Steve Jeffrey Cummings of Fort Deposit, Alabama, a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim where the customer sought $250,000.00 in damages based upon allegations of Cummings’ misrepresentations and unsuitable sales of a business development company and real estate security…
Jon Matthew Stankovich of Toms River, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA during the period that he was under investigation due to “[c]oncerns regarding [his] allocation…
Mark Alan Kemp of Corpus Christi, Texas, a stockbroker currently registered with McNally Financial Services Corporation, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $370,006.75 in damages based upon accusations of fraud and the violation of federal and Texas securities laws concerning mutual fund and direct…
William Michael Robertson of Deer Park, Texas, a stockbroker formerly registered with First Allied Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages based upon allegations of negligence and breach of contract in regard to real estate security transactions executed by Robertson during…
Carl Wade Thomason, of Overland Park, Kansas, a stockbroker formerly registered with OFG Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with a FINRA investigation concerning accusations of his outside business activities. Letter of Acceptance, Waiver,…
Stephen Allen Sylvester (also known as Steve Sylvester), of Groton and Waterford, Connecticut, a stockbroker currently registered with CUNA Brokerage Services Inc., is referenced in a customer initiated investment related written complaint which was settled on November 2, 2021, to resolve allegations that Sylvestor made the unsuitable recommendation to purchase a fixed annuity transaction during…
Bradford Eric Bugher, of Wilmington, Delaware, a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages supported by accusations of Bugher’s failure to “follow instructions” relating to the customer’s common and stock transactions between November…
Michael G. Mancinelli (also known as Michael Mann), a stockbroker formerly registered with Dinosaur Financial Group LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unauthorized trading when he was registered with Dinosaur Financial Group. Letter of…
Sean P. McCabe, of Westbury, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $330,113.00 in damages supported by accusations of misrepresentation relating to stock trading during the time that McCabe was employed by Worden Capital Management….
Kirby Spencer McDonald, of Omaha, Nebraska, a stockbroker formerly registered with Cetera Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages founded on accusations of unsuitable recommendations by McDonald regarding real estate security transactions when McDonald was associated with Cetera Advisors. FINRA…
Michael Anthony Valdini, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,277,631.00 in damages founded on allegations of breach of contract and violations of both FINRA and SEC rules concerning over-the-counter equities…
Gina Rea Kidd, of Bedford, Virginia, a stockbroker formerly registered with Allstate Financial Services, has been charged by Financial Industry Regulatory Authority (FINRA) with impeding a FINRA investigation by failing to testify regarding her alleged involvement with an unregistered person relating to securities business. Department of Enforcement v. Gina Kidd, Disciplinary Proceeding No. 2019064729705 (February…
James J. Mariani, of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $291,100.00 in damages founded on accusations that Mariani provided unsuitable investment recommendations to the customer to purchase non traded real estate securites while…
William Nicholas Athas, of Melville, New York, a stockbroker formerly registered with Worden Capital Management and KC Ward Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement issued by FINRA Office of Hearing Officers. Department of Enforcement v. William…
Ahmet Kildis (also known as Matt Kildis), of Bayonet Point, Florida, was named in a customer initiated investment related FINRA securities arbitration claim where the FINRA Arbitration Panel ordered the modification of beneficiaries on a SunTrust investment account and ordered Kildis and SunTrust to pay $18,207.45 in costs based upon causes of action including breach…
Robert Hayes Hoffmann, of Greenwood, Indiana, a stockbroker formerly registered with Woodbury Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages based upon the alleged unsuitable recommendations to purchase variable annuities during the time that Hoffmann was registered with Woodbury Financial…
John Dennis Lowry, of New York, New York, a stockbroker and Chief Executive Officer of Spartan Capital Securities, is referenced in another customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations including failure to supervise, unauthorized trading, misrepresentation, unsuitability, breach of fiduciary duty, and churning concerning…
Jorge Luis Alfonso, of Miami, Florida, a stockbroker formerly registered with Infinex Investments Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages founded on accusations of breach of fiduciary duty as it pertained to Northstar Financial Services Bermuda products when Alfonso…
Joseph Morris Thurnherr, of Brandon, South Dakota, a stockbroker formerly registered with Spartan Capital Securities LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages founded on allegations of negligent supervision, breach of fiduciary duty, and breach of contract during the time that Thurnherr…
Howell Gregory Ferguson (also known as Gregg Ferguson), of Bellville, Texas, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of forgery and false statements to the regulator by Ferguson during…
Vincent Leonard Petrangelo, of Springfield, Massachusetts, a stockbroker formerly registered with Raymond James Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on allegations of failure to supervise stock and mutual fund trading in the customer’s account when Petrangelo was employed…
John Belk Daughtridge, of Mount Pleasant, South Carolina, a stockbroker formerly registered with Raymond James Associates Inc. and Morgan Stanley, is referenced in a customer initiated investment related written complaint that was resolved on June 1, 2021, for $15,000.00 in compensation to the customer founded on accusations of unauthorized trading by Daughtridge at Morgan Stanley…
Barry Lee Garapedian, of Westlake Village, California, a stockbroker formerly registered with Morgan Stanley, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,414,268.49 in damages supported by accusations of unsuitable exchange-traded funds and variable annuity transactions in the customer’s account when Garapedian was registered with Morgan…
Christopher Edward Bond, of Melville, New York, a stockbroker currently registered with National Securities Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unauthorized trading in National Securities Corporation customer accounts. Letter of Acceptance, Waiver, and Consent No….
William Danny Chancellor (also known as Danny Chancellor), of Ridgeland, Mississippi, a stockbroker formerly registered with First Allied Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $132,000.00 in damages based upon allegations that he made the unsuitable recommendation of alternative investments when he was associated…
David Joseph Campanella, of Cleveland, Ohio, a stockbroker formerly registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Campanella falsified information in a FINRA investigation concerning accusations of his involvement in undisclosed financial accounts while registered with US…
Marlyn Leroy McClain (also known as Marylou Leroy McClain), of Elkhorn, Nebraska, a stockbroker currently registered with NYLife Securities, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested compensation founded on allegations of unsuitable investment recommendations by McClain regarding the purchase of variable universal life insurance policies…
William Charles Burks (also known as Bill Burks II), of Flower Mound, Texas, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages founded on accusations of breach of fiduciary duty by Burks regarding a real estate…
Robert Jonathan Spencer, of Cheektowaga, New York, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation regarding allegations of his private securities transactions when he was employed…
Marcious Dickerson (also known as Marty Dickerson), of Livonia, Michigan, a stockbroker currently registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $39,500.00 in compensation to the customer founded on accusations that between March 23, 2020, and June 26, 2020, unauthorized trading of…
Shaun Evan Stein, of Jersey City, New Jersey, a stockbroker currently registered with National Securities Corp, is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $20,000.00 in damages based upon allegations of unsuitable recommendations by Stein in regard to a private placement, real estate security, and over-the-counter equity…
Neil Stanley Kaplan, of Bethesda, Maryland, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $240,000.00 in compensation based upon accusations that trades were executed in the customer’s account on an excessive basis by Kaplan while at Morgan Stanley. Financial…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on FINRA Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Mohamed failed to cooperate in a FINRA investigation relating to…
Darren Wayne Oglesby, of Monroe, Louisiana, a stockbroker currently registered with Money Concepts Capital Corp and Money Concepts Advisory Services, is referenced in a customer initiated investment related FINRA arbitration claim where the customer sought $191,000.00 in damages based upon allegations of Oglesby’s omissions of risks concerning alternative investments sold to the customer during the…
Donald George Sperring, of Pittsburgh, Pennsylvania, a stockbroker formerly registered with Equitable Advisors LLC (AXA Advisors LLC), is the subject of a customer initiated investment related written complaint which was settled for $15,000.00 in damages based upon accusations of the potential misappropriation of the customer’s funds by Sperring when he was employed by Equitable Advisors….
Jimmy William Nunez, Jr. of Edgewater, New Jersey, a stockbroker formerly registered with Allstate Financial Services LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nunez forged a customer’s signature and falsified responses to FINRA when under…
Michael Murray Knittel (also known as Michael M. Lopez-Knittel), of El Dorado Hills, California, a stockbroker formerly registered with Fortune Financial Services 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 based upon findings of Knittel’s selling away or engaing in…
Kurt Anthony Stein of New York, New York, a stockbroker formerly registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations of unsuitable investment recommendations concerning non-traded Real Estate Investment Trusts or REITs while Stein was employed by National…
Francis Cid (also known as Frank Cid), of Little Neck, New York, a stockbroker formerly registered with CBC Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with FINRA’s investigation into accusations of Cid’s private securities transactions when…
Willard Louis Pugh, of Boca Raton, Florida, a stockbroker formerly registered with National Securities Corp, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $60,000.00 in damages supported by allegations of an unsuitable private placement transaction by Pugh while he was associated with National Securities Corp. Financial Industry Regulatory…
Pratul Victor Agnihotri (also known as Pratol Agnihotri), of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC and Spartan Capital Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $83,086.81 in damages based upon accusations that between 2013 and 2021, their…
Dennis Phillip Ayre, of Beverly Hills, California, a stockbroker formerly registered with Hilltop Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he refused to testify in FINRA’s investigation regarding accusations of Ayre’s unsuitable recommendations to customers. Letter of Acceptance, Waiver, and…
Kelly Diane Thomason (also known as Kelly Diane Jones), of Overland Park, Kansas, a stockbroker formerly registered with OFG Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she refused to cooperate with FINRA while she was under investigation. Letter of…
Jonathan David Cummings, of Hurst, Texas, a stockbroker formerly registered with Securities America Inc. and Investacorp Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $35,000.00 in damages based upon accusations of negligence as it pertained to alternative investments, including a real estate security transaction effected…
Raul Jorge Benitez of Miami, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $218,707.00 in damages supported by accusations of unsuitable transactions involving Northstar. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01667 (July 6, 2021). The claim…
Alon Zak, of Sherman Oaks, California, a stockbroker formerly registered with Pruco Securities LLC (Prudential), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings of Zak’s forgery and falsification of insurance applications and Zak’s failure to testify in a FINRA investigation….
Matthew Gates, of New York, New York, a stockbroker formerly registered with Joseph Gunnar Co. LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations of unsuitable purechases of real estate security products by Gates while he was employed by Joseph…
William Forrest Winchester (also known as Bill Woods), of Chattanooga, Tennessee, a stockbroker formerly registered with LPL Financial LLC and Raymond James Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages based upon accusations of misrepresentation and conversion during the time…
Steven Douglas Schisler, of Grass Valley, California, a stockbroker formerly registered with IFS Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement. Disciplinary Proceeding No. 2018058718601 (January 31, 2022). FINRA found that Schisler engaged in nine separate sales practice…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Arni Jay Diamond (also known as Arni Jat Diamond), of Charlotte, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that unsuitable real estate security transactions were effected in the…
Ronald Scott Bright, of Milwaukie, Oregon, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Bright effected unauthorized transactions in customer accounts during the time that he was employed by Edward Jones. Letter of…
Rebecca King Wah Ng-Tsang, of Bellevue, Washington, a stockbroker formerly registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related written complaint on November 21, 2021, in which the customer requested compensatory damages founded on allegations that Ng-Tsang made misrepresentations to them regarding real estate security products while she was…
CIM Securities LLC, a securities broker dealer headquartered in Centennial, Colorado, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that CIM Securities failed to supervise suitability requirements for private placement transactions. Letter of Acceptance, Waiver, and Consent No. 2019060957101 (January 31, 2022). According to the AWC, from September…
Michael Carleton Boothe (also known as Carleton M. Boothe), a stockbroker formerly registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations of Boothe’s breach of contract and negligence relating to direct investments, including limited…
Gilberto Briseno (also known as Gilbert Briseno), of Boutte, Louisiana, a stockbroker formerly registered with LPL Financial LLC, is identified in a customer initiated investment related written complaint on June 4, 2021, in which the customer requested $13,000.00 in damages based upon accusations of losses caused by unsuitable trading of closed-end funds and real estate…
Lynn Cooper Faust (also known as Donna Lynn Cooper), of Greenville, South Carolina, a stockbroker formerly registered with Raymond James Associates, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she made unsuitable recommendations to Raymond James Associates…
Mark Katz, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 18, 2020, where the customer sought $357,000.00 in damages supported by accusations of breach of fiduciary duty and misrepresentation by Katz concerning the customer’s investments at Hilltop Securities….
Kirk Badii, of Los Angeles, California, a stockbroker formerly registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages supported by accusations of mismanagement and unsuitable recommendations concerning alternative investments while Badii was associated with UBS Financial Services. Financial…
Thomas Patrick Barton, of Pittsburgh, Pennsylvania, a stockbroker formerly registered with Mutual of Omaha Investor Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of forgery and unauthorized transactions when Barton was registered with Mutual of Omaha Investor Services. Letter of Acceptance, Waiver,…
Sandra Benain McKoy, of Tamarac, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is the subject of a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages resulting from the purchase of Guaranteed Investment Certificates (GICs) while McKoy was associated with SunTrust Investment Services. Financial Industry Regulatory Authority…
Hayk Nmn Papoyan, of Van Nuys, California, a stockbroker formerly registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Papoyan providing false testimony to the regulator regarding an outside investment account. Letter of Acceptance, Waiver, and Consent No….
Jonathan Michael Ebel, of Hauppauge, New York, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., is referenced in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of excessive and unsuitable trading in the customer’s account by Ebel during the time that he…
Sean Joseph Kelly, of Marietta, Georgia, a stockbroker formerly registered with Center Street Securities Inc., is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $160,000.00 in damages based upon accusations of misrepresentations and unsuitable investments by Kelly regarding alternative investments sold to the customer while Kelly was…
Robert Emmett Pitiger, of Norwich, Vermont, a stockbroker formerly 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 supported by findings of Pitiger altering documents and reusing customer signatures while Pitiger was employed by LPL Financial. Letter…
Barry David Abrams, of Marlton, New Jersey, a stockbroker formerly registered with Ameriprise Financial Services Inc., is the subject of a customer initiated investment related written complaint on December 10, 2020, where the customer requested compensatory damages founded on allegations of Abrams providing an unsuitable investment recommendation to the customer concerning FS Energy Power Fund…
Scott Anthony Lanza of Boca Raton, Florida, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages founded on accusations of Lanza recommending unsuitable investments to the LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03871. (November…
Daniel James Lauletta, of Broadview Heights, Ohio, a stockbroker formerly registered with MSI Financial Services Inc., is identified in a customer initiated investment related civil lawsuit which was resolved for $1,150,000.00 in damages on December 10, 2021, based upon accusations of Lauletta’s deceptive sales tactics and negligence as it pertained to insurance policies sold by…
Christopher T. Joseph, of Toledo, Ohio, a stockbroker formerly registered with Royal Alliance Associates 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 founded on findings that he engaged in private securities transactions and outside business activities when he was employed…
Theodore Hendrickus Franse (also known as Ted Franse), of Fair Oaks, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $9,500.00 in damages based upon accusations that they were sold unsuitable REITs by Franse when he was registered…
Joel Paul Kichline, of Saint Louis, Missouri, a stockbroker formerly registered with Raymond James Associates Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Kichline’s unauthorized trading in Raymond James customer accounts. Letter of Acceptance, Waiver, and Consent No. 2020067473501…
David Allan Cohen, of Rockville, Maryland, a stockbroker formerly registered with Equitable Advisors, is identified in a customer initiated investment related written complaint on September 22, 2020, where the customer requested compensatory damages supported by accusations of unauthorized transactions, including loans against a customer’s insurance policy without their consent while Cohen was associated with Equitable…
Joseph Brian LaScala Jr. (also known as Joe LaScala Jr.), of Melville, New York, a stockbroker currently registered with Aegis Capital Corp, has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of LaScala’s unsuitable and unauthorized trading in Aegis…
Michael Scott Androulakis (also known as Mike Andrews), of New York, New York, a stockbroker currently registered with Alexander Capital LP, is identified in a customer initiated investment related, FINRA Securities Arbitration claim which was settled for $8,000.00 in damages supported by accusations of Androulakis’ breach of contract and negligence concerning a non-traded real estate…
Daniel George McPherson (also known as Dan McPherson), of Idaho Falls, Idaho, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim which was resolved for $57,500.00 in damages supported by accusations of McPherson making unsuitable recommendations to the customer regarding private placements, real…
Joshua David Nicholas, of Stuart, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nicholas converted a customer’s funds when he was associated with Merrill Lynch. Letter of Acceptance, Waiver, and Consent…
Shimshon Plotkin (also known as Shim Plotkin), of Chevy Chase, Maryland, a stockbroker currently registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim in which the customer requested compensatory damages supported by allegations that they were sold unsuitable investments including real estate investment trusts (non-traded…
Travis Justin Lippmann, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of Lippmann’s unsuitable trading of over-the-counter equities during the time that he was associated…
William Nicholas Athas, of Melville, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with excessively trading and churning investor accounts when he was associated with Worden Capital Management. Department of Enforcement v. William Nicholas Athas, Disciplinary Action No. 2018057883102 (January 18, 2022). According…
Jonathan Ben Mirer, of Henderson, Nevada, a stockbroker formerly registered with Wells Fargo Advisors, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $75,000.00 in damages based upon accusations of their account being overconcentrated by Mirer in unsuitable investments when Mirer was registered with Wells Fargo…
Robert James McNamara, of Albany, New York, a stockbroker formerly registered with Cadaret Grant Co., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made discretionary trades without written authorization at Cadaret Grant. Letter of Acceptance, Waiver, and Consent No….
Charles Lewis Bloom, of Royal Palm Beach, Florida, a stockbroker formerly registered with Chelsea Financial Services and International Assets Advisory, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $40,000.00 in damages based upon allegations that the customer was defrauded by investing in direct investments including direct participation programs…
Andrew Montgomery Costa, of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is referenced in a customer initiated investment related FINRA arbitration claim in which the customer requested compensatory damages founded on allegations of unsuitable recommendations by Costa concerning alternative investments, including direct participation programs (DPPs), limited partnerships (LPs), and real…
Mark Smith, of Greenwood Village, Colorado, a stockbroker formerly registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Smith failed to cooperate in a FINRA investigation regarding allegations of his unauthorized transactions in customer accounts when he was…
Charla Cynthia Kabana, of Huntington Beach, California, a stockbroker formerly registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related written complaint on August 27, 2021, in which the customer requested $5,500.00 in damages founded on accusations of an unsuitable annuity sale by Kabana while she was employed by Sagepoint Financial….
Marc Frederick Korsch, of Sarasota, Florida, a stockbroker formerly registered with Centaurus Financial Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA’s request for information about his activities. Case No. 2020066487801 (December 27, 2021). FINRA Public Disclosure…
Marcello Lattuca, of Massapequa, New York, a stockbroker currently registered with NBC Securities Inc., is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations of elder abuse and breach of fiduciary duty pertaining to real estate security and stock transactions executed by Lattuca between 2012…
Kyle Zachary Wittgren, of Frisco, Texas, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Wittgren refused to testify in an investigation relating to allegations of him signing customer names on variable annuity applications without authorization…
Johnny Guan, of Red Bank, New Jersey, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,820.12 in damages supported by accusations that between December of 2012 and November of 2020, Guan provided unsuitable investment recommendations to the customer…
Triad Advisors LLC, a securities broker dealer headquartered in Atlanta, Georgia, has been censured and fined $195,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that Triad Advisors failed to supervise stockbrokers’ recommendations of alternative mutual funds, including the LJM Preservation and Growth Fund (LJM), which resulted in losses to Triad Advisors’…
Charles Edward White II (also known as Chad White), of Providence, Rhode Island, a stockbroker formerly registered with Barrett Company, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,200,000.00 in damages founded on accusations of White having the customer invest in unsuitable securities in a customized portfolio…
Sean Donovan Casterline (also known as Sean Donavan Casterline), of Maitland, Florida, a stockbroker formerly registered with Delta Securities Company, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized private securities transactions while he was employed by…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities Inc., has been charged by Financial Industry Regulatory Authority with failing to cooperate with a FINRA investigation concerning accusations of Mohamed’s involvement in an undisclosed outside business activity while registered with Bankers Life Securities. Department of Enforcement v. Tarek Mohsen Mohamed…
Nathan Gersteen Katz, of Largo, Florida, a stockbroker formerly registered with American Independent Securities Group, is referenced in a customer initiated investment related written complaint on October 28, 2021, in which the customer sought damages supported by allegations of an unsuitable annuity rider being placed on the customer’s annuity, which was intended for the benefit…
Michael Patrick Nixon, of Tampa, Florida, a stockbroker formerly registered with Paulson Investment Company, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nixon made unsuitable investment recommendations to customers during the time that he was employed by Paulson…
Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he…
Warren Ellwood Rowe Jr., of Richmond, Virginia, a stockbroker formerly registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA’s requests while the regulator investigated him for potentially taking loans from Oppenheimer customers without…
James Marten Lamont, of San Francisco, California, a stockbroker formerly registered with Whitehall Parker Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.01 in damages supported by accusations that Lamont provided unsuitable recommendations to them as it pertained to real estate security products…
SagePoint Financial Inc., a securities broker dealer headquartered in Phoenix, Arizona, has been censured and fined $700,000.00 by Financial Industry Regulatory Authority (FINRA), supported by findings that SagePoint failed to supervise stockbrokers who were the subject of misconduct, and it failed to supervise its reporting of wrongdoing by those who associated with the securities broker…
Mark Stewart Brody, of Melville, New York, a stockbroker currently registered with Planned Financial Programs Inc., is the subject of a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages supported by allegations of Brody’s misrepresentation of information relating to common and preferred stock trades while he was employed by Planned…
Mark Julius Potocsny (also known as Mark Juluis Potocsny), of Madison, Connecticut, a stockbroker formerly registered with Morgan Stanley, was discharged as a stockbroker on April 14, 2021, founded on accusations of his unauthorized trading. According to Morgan Stanley, trades were made by Potocsny without him talking to customers and getting confirmation at the time…
Merrill Lynch Pierce Fenner Smith Inc., a securities broker dealer headquartered in New York, New York, has been censured and fined $1,200,000.00 by Financial Industry Regulatory Authority (FINRA), founded on findings that it failed to comply with FINRA during two misconduct investigations. Letter of Acceptance, Waiver, and Consent No. 2018058015702 (December 20, 2021). According to…
Joseph Scott Audia, of Hauppauge, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, 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 based upon findings that he failed to supervise a stockbroker, resulting in excessively trading in a…
Bryan Kirk Bordelon, of New Orleans, Louisiana, a stockbroker currently registered with Raymond James Associates Inc., is identified in a customer initiated investment related written complaint on July 28, 2021, where the customer requested $31,456.45 in damages founded on accusations of Bordelon placing them in unsuitable investments including structured products between July 20, 2018, and…
Peter Jerome Mersberger (also known as Pete Mersberger), of Sheboygan Falls, Wisconsin, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations of Mersberger misrepresenting alternative investments, including a business development company and real estate security,…
Scott Randall Martinson, of Staten Island, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to adequately supervise a stockbroker which resulted in unsuitable and excessive trading…
Aalon Rose (also known as Allen Rose), of Garden City, New York, a stockbroker currently registered with Morgan Wilshire Securities Inc., is the subject of a customer initiated investment related arbitration claim where the customer requested $29,479.81 in damages founded on allegations that Rose made misrepresentations to the customer during the time that he was…
Robert Brian Wolfe, of Fort Lauderdale, Florida, a stockbroker formerly registered with Goldman Sachs Co. LLC, was discharged as a stockbroker on September 30, 2021, founded on accusations of Wolfe’s handling of customer complaints without notifying Goldman Sachs Financial Management. Wolfe was also accused of activities relating to customer communications centered around market valuations and…
Walter Roland Valenzuela, of San Diego, California, a stockbroker formerly registered with Hilltop Securities Inc., is referenced in a customer initiated investment related written complaint on June 21, 2021, where the customer sought $15,334.00 in damages founded on accusations of misrepresentation relating to the liquidity of the customer’s investment in Bluerock Inc. Interval Fund during the…
Johan Manuel Pereira, of Beverly, Massachusetts, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities relating to Bitcoin. Letter of Acceptance,…
Adam Maggio, of Mineola, New York, a stockbroker currently 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 principal capacity supported by findings that he failed to supervise a stockbroker which resulted in excessive trading in customer…
Heath Geoffrey Grossman, of Weathersfield, Connecticut, a stockbroker formerly registered with Silver Oaks Securities and investment adviser representative registered with JB Capital LLC, is referenced in a customer initiated investment related AAA arbitration claim where the customer requested $30,000.00 supported by allegations of Grossman’s failure to consider tax consequences in a customer’s investment plan which…
Eric Carl Willer, of Dallas, Texas, a stockbroker formerly registered with Fusion Analytics Securities LLC, has been suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided unsuitable investment recommendations to customers regarding bond offerings while he was associated with Fusion Analytics…
Gerald Richard Sharpe Jr. (also known as Gerry Sharpe), of Red Bank, New Jersey, a stockbroker currently 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 supported by allegations that unsuitable investment recommendations had been made by Sharpe…
William Sidney Friedman (also known as Bill Friedman and as Willie Friedman), of Boca Raton, Florida, a stockbroker formerly registered with Pinnacle Investments LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s inquiry regarding an unpaid arbitration…
Daniel James O’Neill (also known as Dan O’Neill and as Daniel James Oneill), of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, has been issued an Order Accepting Offer of Settlement by Financial Industry Regulatory Authority (FINRA) where O’Neill has been suspended from associating with any FINRA member in any capacity based…
Joseph Albert Ambrosole, of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, is identified in a customer initiated investment related written complaint on July 30, 2021, where the customer sought $853,231.33 in damages founded on accusations of unsuitable trading of over-the-counter equities by Ambrosole between February of 2021 and May…
Anthony Joseph Graziano, of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity supported by findings that he failed to supervise a stockbroker who made excessive trades in…
Austin Richard Dutton Jr. (also known as Austin Richard Duttin), of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages based upon allegations that Dutton breached a fiduciary duty and breached a contract relating…
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network, of St. Louis, Missouri, have been censured and collectively fined $650,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings that Wells Fargo failed to supervise stockbrokers’ unit investment trust trades in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2016050947801 (December 13, 2021)….
Christopher Thomas Hildebrandt, of Cape May Court House, New Jersey, a stockbroker formerly registered with Principal Securities Inc., is referenced in a customer initiated investment related written complaint on April 5, 2021, where the customer sought compensatory damages founded on allegations of Hildebrandt’s unsuitable recommendations of real estate investment trusts during the time that he was…
Gaetano Salvatore Ciambriello, of New York, New York, a stockbroker formerly registered with Citigroup Global Markets Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ciambriello failed to cooperate with a FINRA investigation regarding allegations that he engaged in undisclosed outside business activities…
Richard Anthony Rodriguez, of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that omissions and misrepresentations about alternative investments had been made by Rodriguez while he was…
Daniel Della Rosa, of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been issued a Decision and Order of Offer of Settlement by Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers where Della Rosa has been barred from associating with any FINRA member in any capacity based on findings that he…
John Daniel Quinn, of Berkeley Heights, New Jersey, a stockbroker formerly registered with LPL Financial LLC and Valic Financial Advisors Inc., has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in unapproved outside business activities and private securities transactions….
Todd Franklin Kling, of New York, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he recommended unsuitable and excessive trades in a customer’s account during the time that he…
Joseph Michael Fedorko Jr, of Greenwich, Connecticut, a stockbroker formerly registered with Laidlaw Company (UK) Ltd., has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Fedorko’s excessive and unsuitable trading while he was employed by Laidlaw Company. Letter…
Jason Patrick Hamby, of Blacksburg, Virginia, a stockbroker formerly registered with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hamby failed to cooperate with a FINRA investigation which concerned accusations of his unauthorized activities involving an unregistered individual. Letter of…
Robert Patrick MacNamee, of Red Bank, New Jersey, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages founded on accusations of MacNamee’s unsuitable investment recommendations concerning the customer’s account at Aegis Capital Corp. Financial Industry Regulatory…
Emerson Equity LLC and its Chief Executive Officer, Dominic Julio Baldini, of San Mateo, California, have been sanctioned by Financial Industry Regulatory Authority (FINRA), supported by findings that they failed to supervise stockbrokers’ trading of mutual funds in customer accounts, resulting in unsuitable short-term switching of mutual funds by one of the Emerson Equity stockbrokers…
David Khezri, of Hauppauge, New York, a stockbroker formerly registered with Network 1 Financial Securities Inc. and Worden Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he hindered a FINRA investigation into accusations of his unsuitable investment advice to investors….
Scott Alan Kaufman, of Wyomissing, Pennsylvania, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA’s investigation into accusations of his improper fixed income trading strategy while he was employed by…
Matthew Alexander Perry, of Columbia, Maryland, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $40,000.00 in damages founded on allegations that between June of 2016 and March of 2019, unauthorized and unsuitable trades were made by Perry when…
Johnnie Melvin Jones, of Syosset, New York, a stockbroker formerly registered with Network 1 Financial Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for the failure to comply with an FINRA arbitration award or settlement agreement. Case No. 2020068113601 (October 25, 2021). According to FINRA Public…
Kevin Mark Nevin, of Edina, Minnesota, a stockbroker formerly registered with Dempsey Lord Smith LLC and Sandlapper Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s requests for information in 2021 regarding the non-payment of a…
Aaron Douglas Maurer (also known as Doug Maurer), of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unapproved private securities transactions…
William Colie Johnson, of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of the customer being sold unsuitable alternative investments because of Johnson during the time that he was associated with Voya…
Robert Anthony Guidicipietro (also known as Robert A. Peters), of Bay Ridge, New York, a stockbroker formerly registered with Arive Capital Markets, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Guidicipietro made excessive and unsuitable trades in…
Nicholas C. McMahan, of Leander, Texas, a stockbroker formerly registered with BBVA Securities Inc., is the subject of a customer initiated investment related written complaint which was settled for $18,588.00 on August 26, 2021, supported by allegations of the customer being provided with false information from McMahan regarding a structured note purchased in July of…
Jesus Rodriguez, of El Paso, Texas, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA investigators regarding allegations of his misuse of a customer’s credit line. Letter of Acceptance, Waiver, and…
John R. Mateyko, of Rolling Meadows, Illinois, a stockbroker formerly registered with World Equity Group, Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Mateyko made misrepresentations regarding business development programs and real estate investment trusts between 2014 and 2018…
Igor Peter Kislitsa, of Citrus Heights, California, a stockbroker formerly registered with PFS Investments Inc., has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with requests during the regulator’s investigation into allegations of Kislitsa’s unauthorized transactions, including completing customers’ applications without customers being present when Kislitsa was employed by PFS Investments….
Brian David Rockowitz, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $106,882.07 in damages founded on accusations that between December of 2012 and November of 2020, unsuitable investment recommendations were made by Rockowitz at Aegis…
Pasquale James Rappa (also known as James Rappa or PJ Rappa), of Miller Place, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to…
Peter Vincent Ianace, of Frisco, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $18,000,000.00 in damages supported by accusations of misrepresentation and unsuitable recommendations by Ianace between February of 2013 and December of 2019…
Peter N. Girgis, of New York, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he excessively traded in customer accounts during the time that he was…
Kevin John Kane, of York, PA, a stockbroker formerly registered with Waddell Reed, was discharged on February 23, 2021, based upon accusations of Kane violating Waddell Reed’s policies by engaging in undisclosed outside business activities and unauthorized communications to investors. Kane has been identified in four customer initiated investment related disputes concerning allegations of his…
Douglas Jarrett Rosenberg, of Hauppauge, New York, a stockbroker currently registered with Joseph Stone Capital LLC, has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Rosenberg making unsuitable and excessive trades in the accounts of three Joseph Stone Capital customers. Letter…
Mark Lee Elafros, of Northbrook, Illinois, a stockbroker formerly registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of Elafros making unsuitable private placement and unit investment trust sales to the customer when he was…
Alan Scot Feigenbaum, of Boynton Beach, Florida, a stockbroker formerly registered with Newbridge Securities Corp, has been fined $15,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Feigenbaum effected unauthorized trades in customer accounts while he was associated with National Securities…
Bradley S. Lay (also known as Brad Lay), of Columbia, Tennessee, a stockbroker formerly registered with Raymond James Associates 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 supported by findings that Lay engaged in unauthorized trading of customer accounts while…
Rodney Deleths Washington (also known as RD Washington), of New Albany, Ohio, a stockbroker formerly registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation concerning accusations of his outside business…
Keith Todd Ashley, of Ann Arbor, Michigan, a stockbroker formerly registered with Parkland Securities LLC, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with failing to comply with FINRA’s investigation, which focused on accusations of Ashley’s private securities transactions, outside business activities, and misappropriation of Parkland Securities customer funds. Disciplinary Proceeding…
David Lawrence Poulnot, of Daniel Island, South Carolina, a stockbroker currently registered with Lincoln Financial Securities Corporation, is referenced in a customer initiated investment related written complaint on March 2, 2020, where the customer sought compensatory damages founded on accusations of Poulnot failing to disclose the illiquidity of a real estate investment trust purchased by…
Robert Patrick Foley, of Red Bank, New Jersey, a stockbroker formerly registered with Wynston Hill 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 principal capacity supported by findings that Foley failed to supervise stockbrokers who excessively traded in customer accounts…
Danny Jerome Young (also known as Danny Young), of Adel, Georgia, a stockbroker formerly registered with Voya Financial Advisors Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which customers requested $800,000.00 in damages based upon accusations that Young sold unsuitable real estate securities while he was registered with Voya…
Kenneth Andrews Welsh, of Fairfield, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, has been charged by Securities and Exchange Commission (SEC) with fraudulently misappropriating funds while he was associated with Wells Fargo Clearing Services. Civil Action No. 2:21-cv-19387 (Oct. 28, 2021). According to the Complaint, more than $2,860,000.00 had been…
Michael Edward Rulison, of Syracuse, New York, a stockbroker currently registered with Morgan Stanley, is identified in a customer initiated investment related written complaint on August 3, 2020, where the customer sought compensatory damages based upon allegations that unauthorized trades were effected in the customer’s account by Rulison while he was associated with Morgan Stanley…
Gary Max Bowman, of Corona, California, a stockbroker formerly registered with Sagepoint Financial 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 founded on findings that Bowman engaged in unsuitable trading of unit investment trusts (UITs) when he was registered with…
Gregory Jon Williams (also known as Greg Williams), of Greenwood Village, Colorado, a stockbroker formerly registered with Forta Financial Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $30,000.00 in damages based upon accusations of the violation of federal and state securities laws concerning…
Matthew Eric Platnico (also known as Matthew Erie Platnico), of New York, New York, a stockbroker currently registered with Allied Millennial Partners LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $370,000.00 in damages supported by allegations that between December of 2019 and March of…
Roderick Len Whited, of Gainesville, Florida, a stockbroker formerly registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of his misuse of funds while he was associated with Northwestern Mutual Investment Services. Letter of Acceptance, Waiver, and Consent No….
Brian Joseph Lombardi, of Boca Raton, Florida, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $57,500.00 in damages founded on accusations that false and misleading statements were made by Lombardi regarding the customer’s investment transactions at Aegis Capital Corp….
Daniel Della Rosa (also known as Daniel Dellarosa), of Tampa, Florida, a stockbroker formerly registered with Corinthian Partners LLC, has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into Della Rosa’s sales practices at Corinthian Partners. Department of Enforcement v. Daniel Della Rosa Disciplinary Proceeding No. 2020065714602 (November…
Darren Michael Kubiak, of Alpharetta, Georgia, a stockbroker formerly registered with Kalos Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,000,000.00 in damages founded on accusations of breach of fiduciary duty and the violation of securities laws regarding preferred stock, real estate security, and…
David Phillip Brandt, of St. Louis, Missouri, a stockbroker currently registered with Oppenheimer Co. Inc., is identified in a customer initiated investment related written complaint on April 23, 2020, in which the customer requested $59,653.06 in damages supported by allegations that the risks of a variable annuity had not been disclosed by Brandt when he…
Traderfield Securities Inc. and supervisor Mario Divita, of Flushing, New York, have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to findings that Traderfield and Divita failed to supervise stockbrokers resulting in excessive trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018059045003 (November 24, 2021). According to the AWC, from December…
Lawrence John Fawcett Jr. (also known as Larry Fawcett), of Los Angeles, California, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $545,727.12 in compensatory damages based upon WestPark Capital being found liable on the customer’s causes of action,…
Philip Anthony Simone, of Costa Mesa, California, a stockbroker formerly registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,001.00 in damages based upon accusations of their account being overconcentrated in complex, risky, and high-commission real estate securities while Simone was registered with…
Michael Christopher Venturino, of Garden City, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a FINRA investigation. Case No. 20210703375 (September 13, 2021). FINRA is contemplating taking disciplinary action against Venturino for potentially making excessive trades in customer accounts when he was registered with Aegis Capital Corp. According to FINRA…
William Walter LeBoeuf (also known as Bill LeBoeuf), of Beavercreek, Ohio, a stockbroker formerly registered with Cetera Advisor Networks LLC and Merrill Lynch Pierce Fenner Smith Inc., has been fined $12,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged…
Christopher M. Olson, of Red Bank, New Jersey, a stockbroker currently registered with RBC Capital Markets LLC, is identified in a customer initiated investment related written complaint on February 3, 2020, in which the customer requested $62,000.00 in damages based upon allegations of unsuitable trading by Olson while he was registered with RBC Capital Markets….
Angel Edgardo Aquino-Velez (also known as Angel Edgardo Aquino and Angel Edgardo Aquinovelez), of Miami, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $450,000.00 in damages supported by allegations that Aquino-Velez effected unsuitable closed-end fund and municipal bond…
James Edward Kelly Sr., of Owings Mills, Maryland, a stockbroker formerly registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for two weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized commission-sharing arrangements relating to his sales of variable annuities….
Eric Peter Weschke, of Setauket, New York, a stockbroker currently registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $138,000.00 in damages founded on accusations of negligence and unsuitable alternative investment transactions by Weschke during the time that he was associated with…
Brenda Louise Labar, of Redlands, California, a stockbroker formerly registered with MSI Financial Services, is identified in a customer initiated investment related written complaint which was settled on May 12, 2020, to resolve accusations of Labar’s misrepresentations to the customer relating to a variable annuity sale when Labar was employed by MSI Financial Services. Financial…
Larry Allen Bowman (also known as Larry Bowman), of Malvern, Pennsylvania, a stockbroker formerly registered with Heritage Financial Systems Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in undisclosed outside business activities when he was employed by…
Robert Frederick Genito, of Bonita Springs, Florida, a stockbroker formerly registered with PFS Investments Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $90,000.00 in damages based upon allegations of Genito failing to pay on a promissory note that he issued to the customer relating to…
James Tracy Stines (also known as Tracy Stines), of Richmond, Virginia, a stockbroker formerly registered with BB&T Securities LLC, is the subject of a customer initiated investment related written complaint which was resolved for $75,000.00 on September 30, 2020, supported by allegations that the customer’s instructions of liquidating a mutual fund had not been followed…
Efrain Balderrama Trujillo, of Los Angeles, California, a stockbroker formerly registered with Western International Securities Inc., was discharged by the securities broker dealer on October 26, 2021, supported by accusations that he borrowed money from a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that Trujillo has been fined $20,000.00 and barred from…
Stephen Sloane, of New York, New York, a stockbroker formerly registered with WestPark Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Sloane provided unsuitable investment recommendations regarding government debt investments when he was employed by WestPark Capital. Financial…
Rhett Douglas Bedwell, of Rogers, Arizona, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint which was settled for $19,848.26 in damages on September 23, 2021, based upon allegations of the misuse of the customer’s funds during the time that he was registered with LPL Financial…
Caroline Mohan (also known as Caroline Reyes), of West Palm Beach, Florida, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with a FINRA investigation into allegations of her private securities transactions…
Michael Francis Shillin, of Altoona, Wisconsin, a stockbroker formerly registered with Alliance Global Partners (AGP), has been charged by Securities and Exchange Commission (SEC) with defrauding investors about stock and insurance transactions when he was registered with Alliance Global Partners, Raymond James Financial Services Inc., Raymond James Financial Services Advisors Inc., Shillin Wealth Management LLC,…
Sean J. McElduff, of Parsippany, New Jersey, a stockbroker currently registered with Hennion Walsh Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages founded on allegations that made unsuitable recommendations to them regarding municipal bonds while he was registered with Hennion Walsh. Financial…
Clifford Edward Bryan III, of Merrillville, Indiana, a stockbroker formerly registered with Wells Fargo Clearing Services, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $695,000.00 in damages founded on accusations that Bryan failed to supervise a stockbroker’s recommendations in a customer’s account at Wells Fargo Clearing Services….
Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
Seraphim M. Rine (also known as Sam Rine), of West Palm Beach, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $7,000,000.00 in damages based upon accusations of Rine’s unsuitable trading of common and preferred stock and municipal debt…
WestPark Capital Inc. and its CEO, Richard Alyn Rappaport (also known as Rick Rappaport), of Los Angeles, California, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based on findings that WestPark and Rappaport misrepresented information to customers concerning WPCFS offerings, and failed to supervise stockbrokers’ solicitations of investments. Letter of Acceptance, Waiver, and Consent…
Gregg Scott Lentz, of Waukesha, Wisconsin, a stockbroker formerly registered with Triad Advisors LLC, is referenced in a customer initiated investment related written complaint which was settled on March 25, 2020, to resolve allegations that Lentz made unsuitable recommendations to the customer regarding a variable annuity purchase during the period that Lentz was associated with…
McNally Financial Services Corporation, a securities broker dealer headquartered in San Antonio, Texas, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based upon accusations that it failed to supervise stockbrokers’ sales of nontraditional exchange traded funds. Letter of Acceptance, Waiver, and Consent No. 2018058820103 (November 23, 2021). According to the AWC,…
Joseph Patrick Roop (also known as Joepat Roop), of Belmont, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related written complaint on August 5, 2021, where the customer sought compensatory damages supported by allegations of unsuitable investment recommendations of real estate security products by Roop…
John Carter Braddock, of Salida, Colorado, a stockbroker formerly registered with Lakeridge Capital Inc., has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he misrepresented and omitted information relating to private placements during the time that he was registered with Lakeridge…
Laurence Jordan Russo (also known as Larry Russo and as Jordan Russo), of Fort Lauderdale, Florida, a stockbroker formerly registered with WestPark Capital Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $37,500.00 in damages supported by accusations that Russo breached a fiduciary duty while he was…
Alexander Steven Batt, of Vero Beach, Florida, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith, is referenced in a customer initiated investment related written complaint that was settled for $51,678.00 in damages on January 21, 2020, founded on accusations of unauthorized trading involving a private equity fund when Batt was associated with Merrill…
John Michael Cione of San Diego, California, a stockbroker formerly registered with Independent Financial Group, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $105,000.00 in damages based on allegations of Cione providing unsuitable recommendations concerning alternative investments during the time that he was employed by Independent…
Aaron L. Austin of Bel Air Maryland, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to cooperate with FINRA’s request for information. Case No. 2018058669301 (January 29, 2019). According to FINRA Public Disclosure,…
George Lance Calhoun (also known as Dick Calhoun) of New York, New York, a stockbroker formerly registered with Laidlaw Company, is referenced in a customer initiated investment related written complaint on December 4, 2019, in which the customer sought $250,000.00 in damages supported by accusations that unauthorized trades were executed in the customer’s account by…
Gerardo Ivan Castillo, of Miami, Florida, a former stockbroker and investment adviser representative of Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages based on accusations that Castillo made misrepresentations to the customer regarding their account at Wells Fargo…
Joseph Marie Andreoli Jr., of Paramaus New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $165,000.00 in damages based upon accusations of Andreoli’s unsuitable transactions involving structured products when he was associated with Wells Fargo…
Levert Caldwell (also known as Lee Caldwell and Trey Caldwell), of Red Bank New Jersey, a stockbroker formerly registered with First Standard Financial Company, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $461,000.00 in damages based upon accusations of unsuitable and excessive trading by Caldwell during…
Tyrone Maurice Smiles, of Newark, New Jersey, a stockbroker formerly registered with Prudential Investment Management Services LLC (PIMS), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities while registered with Prudential Investment Management Services and provided misleading and…
Frank Jose Ortiz (also known as Francisco Jose Ortiz), of Los Angeles, California, a stockbroker and investment adviser representative of Wells Fargo Clearing Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $52,500.00 in damages supported by accusations of Ortiz omitting risks relating to the customer’s…
James Travis Flynn (also known as Jim Flynn), of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors, 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 of Flynn misrepresenting information about alternative investments during the time that…
James Earl Simpson, of Toledo, Ohio, a stockbroker formerly registered with Equitable Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simpson failed to cooperate with FINRA’s investigation, which focused on allegations of him making unsuitable investment recommendations during the time that…
Michael John Ovitt, of Williamsville, New York, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, is referenced in a customer initiated investment related written complaint which was settled for $48,800.00 on February 25, 2020, founded on accusations of Ovitt’s unauthorized trading of Allied Motion stock in the customer’s account between 2017 and 2018…
Michael Philip Capolongo, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $330,113.00 in damages based on allegations that Capolongo breached a fiduciary duty regarding common and preferred stock transactions during the period that he…
Michael John Giovannelli (also known as Michael Anthony Giovannelli), of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Giovannelli engaged in unauthorized trading and had falsified documents…
Stephen Christopher Tadlock (also known as Chris Tadlock), of Houston, Texas, a stockbroker formerly registered with Ameriprise Financial Services, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages supported by allegations of Tadlock making an unsuitable recommendation to the customer concerning an annuity exchange…
Thomas Duggan, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 in damages based on allegations of excessive trading by Duggan while he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA)…
Albert Lewis DeGaetano, of Independence, Ohio, a stockbroker formerly registered with Edward Jones, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that DeGaetano made unauthorized trades in customer accounts when he was registered with Edward Jones. Letter of…
Donna Jean Hines (also known as Donna Jean Atchison) of Clarksburg, West Virginia, a stockbroker formerly employed by Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Hines failed to cooperate with an investigation into accusations of her outside activities, including…
Herbert H. Hafen (also known as Elias Herbert Hafen, Elias Niggebrugge, and E. Herbert Niggebrugge), of New York, New York, a stockbroker formerly registered with Morgan Stanley Smith Barney, is referenced in a customer initiated investment related written complaint which was settled for $20,000.00 in damages on October 13, 2020, based upon allegations of unsuitable…
David John Melilli of Moorestown, New Jersey, 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 supported by findings that Melilli executed unauthorized trades in a customer’s account during the time that he was associated with Sagepoint Financial Inc….
Cataldo Panici (also known as Carlo Panici), of Frankfort, Illinois, a stockbroker currently registered with Wintrust Investments LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Panici failed to meet his fiduciary duty in reference to non-traded real estate…
Andrew J. Bransky, of Chicago, Illinois, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is the subject of a customer initiated investment related written complaint on April 22, 2020, where the customer sought compensatory damages founded on accusations of unsuitable investment recommendations by Bransky while he was associated with Stifel Nicolaus Company Incorporated. The…
Steven Dwayne Musielski of Anaheim, California, a stockbroker formerly employed by Cambria Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Musielski failed to comply with a FINRA investigation into allegations of his unsuitable and excessive trading during the time that he…
Daniel Todd Levine, of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations that they were placed into unsuitable “private placements” during the time that Levine was registered with Morgan Stanley Smith…
Yann C. Faho (also known as Jann C. Faho and as John Faho), of New York, New York, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $180,000.00 in damages based upon allegations of unsuitable trading by Faho which…
Andrew Timothy Durham of Greenwood, South Carolina, a stockbroker formerly registered with Allstate Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Durham forged an Allstate Financial Services customers’ signature on a life insurance application. Letter of Acceptance Waiver…
Sandra Lee White (also known as Sandra Lee Bauer, Sandra Hoffower White, and Sandra Lee Hoffower), of Houston, Texas, a stockbroker formerly registered with Cetera Advisor Networks, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 based upon allegations that White made misrepresentations to the customer regarding…
Michael Joseph McNulty (also known as Mike McNulty), of Boca Raton, Florida, a stockbroker formerly registered with Raymond James Associates Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations of unsuitable investment advice by McNulty concerning equities transactions when McNulty was associated…
Craig Jay Sherman of Fletcher, North Carolina, a stockbroker formerly registered with Wynston Hill 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 supported by findings that he failed to supervise stockbrokers’ trading at Wynston Hill. Letter of Acceptance Waiver…
Jamal Hiram Sampson (also known as Jay Sampson), of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $146,599.00 in damages founded on accusations of excessive turnover and commissions because of Sampson’s stock…
Jeffrey Dale Cleckner of Indianapolis, Indiana, a stockbroker formerly registered with Waddell Reed, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,000.00 in damages based upon accusations of the unauthorized withdrawal of funds in a retirement account during the time that he was registered with Waddell Reed….
Aegis Capital Corp of New York, New York, has been censured and fined $1,050,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that it failed to supervise stockbrokers resulting in unsuitable and excessive trading in customer accounts. Letter of Acceptance Waiver and Consent No. 2016051704305 (November 8, 2021). According to the AWC,…
Xiangyu Yu Zhang of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services LLC, is referenced in a customer initiated investment related complaint on August 6, 2021, where the customer sought compensatory damages founded upon allegations that Zhang provided unsuitable recommendations to the customer regarding real estate security investments while he was employed by…
Scott William Palmer of Hackensack, New Jersey, a stockbroker formerly employed by Janney Montgomery Scott LLC, is referenced in a customer initiated investment related written complaint on August 24, 2021, in which the customer requested compensatory damages founded upon allegations that their funds were mismanaged between January of 2011 and June of 2017 when Palmer…
John Lee Scott, of Phoenix, Arizona, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with the regulator during the time that he was under investigation for engaging in outside business activities…
Joseph Gerard Michaletz (also known as Joseph Gerard Michaeletz, Joseph Gerald Michaletz, and Joe Michaletz), of Mankato, Minnesota, a stockbroker formerly registered with Concorde Investment Services LLC and Triad Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,550,000.00 in damages founded on allegations…
Rafael Alberto Gonzalez, of Coral Gables, Florida, a stockbroker currently registered with Morgan Stanley, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $78,000.00 in damages founded on allegations that Gonzalez provided unsuitable recommendations to the customer regarding closed-end funds during the time that he was associated with…
Jason Brando Skyler, of Santa Barbara, California, a stockbroker formerly registered with TKG Financial LLC and Kovack Securities Inc., is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020, based upon accusations that the customer’s account was improperly managed by Skyler while he was registered with…
Steven Michael Richardson, of Walnut Creek, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc., is the subject of a customer initiated investment related written complaint which was settled for $320,000.00 in damages on October 11, 2019, based upon accusations of Richardson’s excessive trading of exchange-traded funds for the customer’s account while…
Michael Earl Reither, of Saint Louis, Missouri, a stockbroker formerly registered with First Allied Securities Inc., has been fined $10,000.00 and barred by the State of Missouri from being a stockbroker or an investment adviser representative according to an Order containing findings that Reither borrowed from a customer without authorization from First Allied Securities and…
Frank Joseph Coussens, of Coral Gables, Florida, a stockbroker currently registered with Ameriprise Financial Services, is the subject of a customer initiated investment related written complaint on February 27, 2020, in which the customer sought $29,918.55 in damages based upon accusations of them being placed into an unsuitable direct investment when Coussens was registered with…
Keith Lawton James Connolly, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $45,000.00 in damages based upon allegations of unsuitable trading by Connolly during the period that he was registered with Aegis Capital Corp. Financial…
Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that…
Brian Stanley Pearce of Winter Haven Florida a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pearce engaged in private securities transactions without getting approval from FSC Securities Corporation. Letter…
Scott Cory Ente of Syosset New York a stockbroker currently registered with David Lerner Associates is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon accusations of Ente misrepresenting information pertaining to Puerto Rico bonds when he was employed by…
Eilesia Kepper Dixon (also known as Eilesia McGivney Dixon, Lisa Dixon, and as Lisa L. Keeper) of Monroe Louisiana a stockbroker and investment adviser representative of LPL Financial LLC had been discharged from employment on November 3, 2020. According to LPL Financial, Dixon placed customers’ signatures on account transfer and account opening paperwork. The customers…
Sebastian Wyczawski of Manorville New York a stockbroker formerly 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 supported by findings that Wyczawski made unsuitable recommendations to customers while he was associated with Joseph Stone Capital….
Frederick Peter Baerenz (also known as Fred Baerenz) of Great Falls Virginia a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment complaint which was settled for $14,000.00 in damages on August 20, 2020, based upon accusations that Baerenz provided unsuitable recommendations regarding alternative investment transactions during the time that…
Christiane Olsen of New York New York a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint on August 3, 2020, where the customer requested compensatory damages founded on accusations of Olsen selling them unsuitable corporate bonds and notes while she was registered with UBS Financial…
Michael James May of Mineola New York a stockbroker formerly registered with Joseph Stone Capital 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 supported by findings of his excessive and unsuitable trades in customer accounts. Letter of Acceptance Waiver and…
Peter Werner David of Waukesha Wisconsin a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $281,000.00 in damages based upon accusations that they were placed into an unsuitable equity fund by David while he was registered with Woodbury…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. and First Allied Securities Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative supported by findings of Westenbarger misusing investor funds. In the Matter of Jaime M. Westenbarger Administrative Proceeding File…
Leonard Joseph Marzocco (also known as Lenny Marzocco and Len Marzocco) of Nesconset New York a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Marzocco made unsuitable recommendations to a…
David Stewart Silberg of Melville New York a stockbroker formerly registered with Aegis Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $50,000.00 in damages supported by accusations that the customer had been placed into unsuitable structured products between September of 2015 and June of…
Robert Mark Star of Bluffton South Carolina a stockbroker currently registered with IBN Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon accusations of a breach of fiduciary duty by Star during the period that he was registered with…
Judith Ann Bufis (also known as Judith Ann Burmistrenko) of East Brunswick New Jersey, a stockbroker formerly registered with Invest Financial Corporation and Kovack Securities Inc., was issued an Order by New Jersey Bureau Securities revoking her registration as a stockbroker. In the Matter of Judith Bufis Summary Revocation Order (August 25, 2020). New Jersey…
Boris Mihailevsky of New York New York a stockbroker currently registered with JP Morgan Securities LLC is the subject of a customer initiated investment related written complaint on March 20, 2020, where the customer requested $8,000.00 in damages supported by accusations that misrepresentations were made by Mihailevsky regarding mutual funds during the time that he…
Brandie June Becker Osburn (also known as Brandie Becker Osburn) of Glen Allen Virginia a stockbroker currently registered with Pruco Securities is the subject of a customer initiated investment related written complaint on February 3, 2020, in which the customer sought $142,000.00 in damages supported by accusations that an unauthorized transaction was effected in their…
Todd Anthony Esh of Shawnee Kansas a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative founded on accusations of Esh making omissions and misrepresentations to investors. In the Matter of Todd A. Esh Order Instituting Administrative Proceedings Case…
Mark Alan Haenny of Loveland Colorado a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon accusations including negligence and unsuitable recommendations by Haenny as it pertained to LPs and DPPs during the period that…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited…
James Alan Seijas of Short Hills New Jersey a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA when investigated for a lawsuit where he was accused of misrepresenting…
John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $499,000.00 in damages based on accusations that Hoidas provided unsuitable recommendations as it pertained to private placements while he was employed by Uhlmann Price…
Abdul Matin Rahmani of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officer’s Order Accepting Offer of Settlement containing findings that Rahmani engaged in outside business activities which…
Trevor Bradner Rahn of Los Angeles California a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages based on allegations of Rahn’s unsuitable stock trades while he was associated with JP Morgan Securities. Financial Industry Regulatory Authority…
Luisa Gonzalez (also known as Mercado Luisa Gonzales) of Kissimmee Florida a stockbroker formerly registered with SunTrust investment Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by allegations of Gonzalez selling them an unsuitable GIC investment during…
Ronald Leonard Whittingham (also known as Ron Whittingham) of Orland Park Illinois a stockbroker formerly 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 supported by findings that false information had been placed on documents by Whittingham…
Scott Neil Hananel of Melville New York a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages founded upon accusations that Hananel executed unsuitable securities transactions during the time that he was associated with Aegis Capital Corp. Financial…
JeanPierre Ayala (also known as JP Ayala) of Boca Raton Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon accusations that Ayala sold unsuitable investments, including private placements, stocks, and over-the-counter equities…
Jason Andrew Wilk (also known as Jason Andrew Wilks) of New York New York a stockbroker formerly registered with Worden Capital Management LLC has been charged by Financial Industry Regulatory Authority (FINRA) with failing to comply with an investigation into accusations of his excessive trading in customer accounts when he was registered with Worden Capital…
Alan Zelig Appelbaum a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $550,000.00 in damages supported by allegations that they had been sold unsuitable structured products when Appelbaum was registered with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration…
Michael James Conte (also known as Mike Conte) of Saint James New York the owner of Fusion Holdings—which owns Fusion Analytics Investment Partners (FAIP) and Fusion Analytics Securities LLC (FAS)—has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to testify in the…
Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $358,183.00 in damages founded upon accusations of them being placed into Zima Digital Assets because of Hoffman’s unsuitable investment…
Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages based on accusations of breach of fiduciary duty relating to direct participation program and limited partnership transactions…
Spartan Capital Securities a securities broker dealer headquartered in Manhattan New York—along with John D. Lowry (co-founder and CEO of Spartan) and Kim M. Monchik (CCO of Spartan)—have been charged by Financial Industry Regulatory Authority Department of Enforcement with failing to disclose reportable events concerning Spartan stockbrokers, including customer complaints and arbitrations. Department of Enforcement…
John Alexander Tarpinian of New York New York a stockbroker formerly registered with Paulson Investment Company LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $342,852.00 in damages based upon accusations that they received bad investment advice from Tarpinian regarding structured notes transactions when he was…
John Louis Roberts of Stockbridge Georgia a stockbroker formerly registered with Benchmark investments Inc. was discharged as a stockbroker on July 14, 2020, supported by allegations of Roberts failing to comply with industry standards and the firm’s procedures. This is not the first time that Roberts has been terminated from a securities broker dealer. FINRA…
Equitable Advisors LLC a securities broker dealer headquartered in New York New York has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Equitable Advisors tried to settle a customer initiated investment related complaint conditioned on the customer not contesting the removal of that complaint from FINRA Public Disclosure….
Dennis Daniel Herrera of Miami Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $139,399.00 in damages supported by accusations that Herrera breached a fiduciary duty and breached a contract during the period that he was employed…
Bradley Carl Mascho of Frederick Maryland a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $125,000.00 in damages founded upon accusations that they had been placed into unsuitable exchange traded funds by Mascho when he was associated…
Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside…
Michael Miles Hartlett (also known as Mike Hartlett) of East Petersburg Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in unauthorized trading of a customer’s account when he was…
Hector J. Gonzalez (also known as Hector Gonzalez Colon) of Miami Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $3,000,000.00 in damages founded upon accusations of Gonzalez misrepresenting municipal bonds when he was registered with…
Evan Kyle Davis (also known as Garry Davis) a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $75,000.00 in damages founded upon accusations of the violation of Securities Exchange Act of 1934 Section 10(b) in reference to the unit…
NYLife Securities LLC a securities broker dealer headquartered in New York New York has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it failed to create and implement a supervision system and written supervisory procedures relating to the suitability of mutual fund switching, resulting in unsuitable short-term trades…
Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with MSI Financial Services is referenced in a customer initiated investment related written complaint on February 11, 2021, in which the customer requested compensatory damages founded upon accusations of unsuitable recommendations by Evan relating to life insurance and annuity products that were sold by Evan…
Stephen James Sullivan (also known as Stephen Sullivan) of New York New York a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which he might face disciplinary action from the regulator based on allegations of defrauding customers by churning their accounts and making excessive trades….
Jimmy Yang Driggers (also known as James Yang Driggers and as Jim Driggers) of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages supported by allegations of Driggers’ unsuitable trading or recommendations of alternative investments including…
Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees…
Lee Victor Nordstrom of Spokane Washington a stockbroker formerly registered with Vorpahl Wing Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with a FINRA investigation regarding his activities while associated with Vorpahl Wing Securities. Letter of Acceptance Waiver…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that…
Jeffrey Dampf of Totowa New Jersey a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not respond to FINRA’s instructions when he was investigated for possibly misappropriating customer funds while he was registered with…
Rick Alan Davidson of Miami Florida a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based upon allegations that their account was exposed to unsuitable trading of stocks by Davidson during the time that he was associated…
Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $450,000.00 in damages founded upon accusations of misrepresentations and omissions regarding mutual fund transactions and a private placement offering during…
William A. Fochi Jr. (also known as Bill Fochi Jr.) of Glastonbury Connecticut a stockbroker formerly registered with Northwestern Mutual Investment Services 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 based on findings that he engaged in outside business activities…
Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate…
James Lee Greene (also known as Herbie Greene) of Boca Raton Florida a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that they invested in an unsuitable private placement because of Greene when…
Eric Shea Hollifield of Dacula Georgia a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA investigators during an investigation into his possible conversion of an elderly customer’s funds during the…
David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing,…
Jorge A. Reyes (also known as Jorge Quiroz and as George Reyes) of Miami Florida a stockbroker formerly registered with CP Capital Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA National Adjudicatory Council Decision containing findings of Reyes converting funds, making fraudulent…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $120,000.00 in damages supported by allegations of the customer being misled regarding details of alternative investments held in their account during the period that…
Jennifer Ann Ayers (also known as Jenny Ayers and as Jennifer Ann Glow) of Roanoke Virginia a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she failed to cooperate with a FINRA investigation regarding her…
Steven Mackie Woods of New York New York a stockbroker formerly registered with Laidlaw Company Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,123.00 in damages founded upon accusations of excessive trading of stocks and over-the-counter equities by Woods when he was associated with Laidlaw…
Michael James Conte (also known as Mike James Conte) of Coral Springs Florida the CEO of Fusion Analytics Investment Partners (FAIP) and Fusion Analytics Holdings LLC (the holding company of Fusion Analytics Securities LLC) has been charged along with FAIP and Fusion Holdings by Securities and Exchange Commission (SEC) in a Complaint for Injunctive and…
Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer…
Edgar A. Kleydman of Brooklyn New York a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA during its investigation into his alleged private securities transactions while registered with AXA Advisors….
Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker and investment adviser representative of Geneos Wealth Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based on accusations that Braverman gave unsuitable advice concerning direct investments including direct participation programs…
Jamie John Worden of New York New York the Owner and CEO of Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation into a private placement offering of pre-IPO securities through Worden Capital…
Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was…
Ryan Ashley Raskin of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA’s investigation focusing on his alleged unsuitable investment recommendations while he was…
Bruce Anthony Ciallella of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $100,000.00 in damages supported by accusations of fraud and the violation of Florida Securities and Investor Protection Act concerning the sale of…
Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and…
Ronald Scott Daley of West Chester Ohio a stockbroker formerly registered with WS Brokerage Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with the regulator’s investigation into allegations of his misuse of customer funds during the time…
Kimberly Ann Barentsen (also known as Kimberly Ann Berentsen, Kimberly Ann Bietema, and Kimberly Ann Bielema) of Walnut Creek California a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based on allegations…
Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements…
Robert Tibor Nyilas of Jericho New York a stockbroker formerly registered with Advisory Group Equity Services Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not cooperate with FINRA’s requests while he was under investigation for possibly making unsuitable investment recommendations…
Joseph Don Malboeuf of Colchester Vermont a stockbroker currently registered with LPL Financial LLC is referenced in a customer initiated investment related complaint which was settled for $85,000.00 in damages on July 19, 2020 founded on accusations that the customer’s account was not properly allocated in mutual funds according to their instructions between October 1,…
Jeffrey Allen Russell of Newport Beach California a stockbroker formerly registered with Morgan Stanley has been discharged as stockbroker on May 26, 2021. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Russell allegedly made unauthorized transactions in customer accounts. Morgan Stanley alleges that he did not have pre-trade customer authorization for transactions involving money…
Paul Wesley Furusho of San Francisco California a stockbroker formerly registered with APW Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Furusho did not testify in a FINRA investigation relating to his potential loan arrangement with an APW Capital customer and…
Christopher Rice Callagy of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $180,000.00 in damages based on accusations of poor investment performance during the time that Callagy was associated with Aegis Capital Corp. Financial…
John Hillman Timberlake of Atlanta Georgia a stockbroker formerly registered with Carter Terry Company Inc. is referenced in a customer initiated investment related written complaint on December 15, 2020 in which the customer sought unspecified damages based on allegations of unauthorized and unsuitable trades when Hillman was associated with Carter Terry Co. Inc. Financial Industry…
David Sheldon Wells of Chicago Illinois a stockbroker formerly registered with Fifth Third Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide documents to FINRA and failed to testify when he was investigated for misconduct while registered with…
Sheldon Robert Bender (also known as Shelly R. Bender) of Deerfield Illinois a stockbroker formerly registered with Securian Financial Services is referenced in a customer initiated investment related written complaint on November 24, 2020 in which the customer sought $15,000.00 in damages founded on allegations of inappropriate advice by Bender as it pertained to the…
Carter David Mansbach of New York New York a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages supported by allegations of Mansbach’s unsuitable over-the-counter equities transactions while he was associated with National Securities Corp. Financial Industry…
Marceliano Macias of Hollywood Florida a stockbroker formerly registered with Transamerica Financial Advisors 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 founded upon findings that he engaged in undisclosed outside business activities during the time that he was associated with…
William Joseph Conn (also known as Bill Conn) of San Francisco California a stockbroker formerly registered with JP Morgan Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $2,000,000.00 in damages founded upon allegations that between 2012 and 2018, Conn effected unauthorized transactions while…
Kim Marie Monchik (also known as Kim Marie Amendola) of New York New York a stockbroker currently registered with Spartan Capital Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA believes that Monchik should face disciplinary action based on potential violations of its rules relating to customer disputes….
Robert Joseph Boyer III (also known as Bob Boyer) of Wayne Pennsylvania a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he obstructed a FINRA investigation into a customer initiated investment related complaint regarding accusations…
Shay W. Scruggs of Houston Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $2,000,000.00 and $3,000,000.00 in damages based upon allegations that they had been placed into unsuitable equities by Scruggs between 2013 and…
Brian Michael Jackson of Tarrytown New York a stockbroker formerly registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages supported by accusations of them being sold an unsuitable real estate security and mutual fund by Jackson during…
Byron Pat Treat of Amarillo Texas a stockbroker formerly registered with Great Nation Investment Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Treat failed to cooperate with FINRA’s investigation into his supervision of church bond transactions during the period that he was…
Daria Lynn Radonski (also known as Daria Lynn Baumgarten, Daria Thayer and as Daria Murdock) of Billings Montana a stockbroker formerly registered with RBC Capital Markets LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that she failed to cooperate with a FINRA investigation…
Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has…
Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity…
Christopher Joseph Nelson of Brandon South Dakota a stockbroker formerly registered with Wynston Hill 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 supported by findings that Nelson falsified the records of Wynston Hill concerning trades in customer accounts. Letter…
Jordan David Samelson of Huntington New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages supported by accusations of unauthorized trades during the period that Samelson was associated with Wells Fargo Clearing Services….
Joseph Ijong Chu of Stamford Connecticut a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,000,000.00 in damages founded on accusations that unsuitable energy securities were recommended by Chu when he was associated with RBC Capital Markets….
Michael J. Haffling of Chicago Illinois a stockbroker currently registered with Kalos Capital Inc. and Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages founded on allegations of negligence and breach of fiduciary duty concerning real estate security transactions by Haffling…
Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that…
Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary…
Elizabeth Ann Sollars (also known as Elizabeth Ann Cole, Elizabeth Ann Gore, Elizabeth Ann Shaw, and as Beth Sollars) a stockbroker formerly registered with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA Office of Hearing Officers Default Decision containing findings…
Joseph Francis Valdini of Melville New York a stockbroker formerly registered with Worden Capital Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,277,631.00 in damages founded on allegations of misrepresentation and churning of stocks and over-the-counter equities by Valdini when he was employed by Worden Capital…
Christopher Bryan Black (also known as Chris Bryan Black) of Statesboro Georgia a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on May 21, 2021, where the customer sought $84,166.22 in damages based upon accusations that Black provided unsuitable recommendations to them concerning municipal bonds…
Charles Scott Burford (also known as Scott Burford) of Dallas Texas a stockbroker formerly registered with Hilltop Securities Independent Network Inc. (now known as Momentum Independent Network Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unauthorized trades in a customer’s account when he was employed by Hilltop Securities….
Jordan Stuart Berlin of Bedford Corners New York a stockbroker and investment adviser representative of FSC Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $87,500.00 in damages based on allegations of negligence concerning real estate investment trusts (REITs) that Berlin sold while he was employed…
Lee Bryan Taylor of Skippack Pennsylvania a stockbroker formerly registered with Purshe Kaplan Sterling Investments (PKS) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor failed to cooperate with FINRA’s investigation concerning his possible private securities transactions while associated with Purshe Kaplan Sterling…
Charles Edward Krsek (also known as Chuck Krsek) of The Villages Florida a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Krsek provided unsuitable recommendations to the customer as it pertained to the purchase of a…
Courtney Michelle Kaplan (also known as Courtney Michelle Carlsen, Courtney Michelle Ingram, and Courtney Ingram Yarmesch) of Tampa Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to comply with a FINRA…
Blake H. Kiernan of Melville New York a stockbroker registered with Four Points Capital Partners LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon allegations that Kiernan did not comply with a FINRA Arbitration Award in which he was required to pay a customer $69,250.00…
William Jeffrey Michero (also known as Jeff Michero) of Fort Worth Texas a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he converted funds as a trustee. Letter of Acceptance Waiver and Consent No. 2021072162901 (Sept….
Howard Joseph Allen III of New York New York a former stockbroker and executive of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $37,761.00 in damages based on accusations of negligence, breach of fiduciary duty and breach of contract as it pertained to…
John Charles Broughton of Johnston Rhode Island a stockbroker formerly registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on July 16, 2020, where the customer sought compensatory damages based on accusations that Broughton made misrepresentations to them regarding the annuity that they purchased through Cetera Investment Services….
Douglas Keith Ellman of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages founded upon allegations that Ellman placed them into inappropriate common and preferred stock between February of 2019 and November of…
William Joseph Kielczewski (also known as Bill Kielczewski) of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been fined $50,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA National Adjudicatory Council Decision containing findings that Kielczewski engaged…
Kitwana Nkoski Thomas of Jacksonville Florida a stockbroker formerly registered with Fidelity Brokerage Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded upon allegations that Thomas provided unsuitable recommendations to them as it pertained to corporate debt investments during the time…
William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments…
Curt Giacobbe of Melville New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon accusations that Giacobbe failed to cooperate with FINRA’s request for information. Case No. 2020065067201 (November 6, 2020). FINRA Public Disclosure shows that Giacobbe…
Frank Mastrosimone of Basking Ridge New Jersey a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that they had been placed into an unsuitable private investment fund by Mastrosimone while he was…
Vincent Anthony Virga (also known as Vincenzo Anthony Virga) of Bayonne New Jersey a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $495,000.00 in damages based on allegations that Virga provided unsuitable advice to them regarding alternative investments including…
Nathaniel Royce Clay (also known as Nate Clay) of New York New York a stockbroker formerly registered with Laidlaw Company UK Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to cooperate with FINRA’s request for information. Case No. 2020065912101 (June…
Peter Douglas McColgan of Cincinnati Ohio a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related written complaint which was settled for $25,887.44 in damages on December 19, 2019, based on accusations that unauthorized trades were executed in the customer’s account by McColgan while he was employed by UBS…
Michael John Libmann (also known as Mike Libmann) of Quincy Illinois a stockbroker currently registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $91,000.00 in damages supported by allegations that unsuitable transactions were made by Libmann when he was registered with Pruco Securities LLC….
George Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he failed to respond to FINRA’s request for his information. Case No. 2019061940901 (March 9, 2020). According to FINRA…
Peter David Schiff of Newport Beach California a stockbroker currently registered with AGP Alliance Global Partners is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $45,000.00 in damages founded upon accusations of breach of contract and breach of fiduciary duty as it pertained to private placements sold…
Daniel Della Rosa (also known as Daniel Dellarosa) of Tampa Florida a stockbroker formerly registered with Corinthian Partners and Paulson Investment Company LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on accusations that he did not respond to FINRA’s request for information about his activities….
Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages founded upon allegations that Lors provided unsuitable recommendations as it pertained to private placements during the…
Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct…
Sherry Lynn Baker (also known as Sherry Lynn Obrecht) of Salem Illinois a stockbroker formerly registered with Raymond James Financial Services is the subject of a FINRA investigation in which Baker may face disciplinary action for potentially making unsuitable trades in a customer’s account. Case No. 20180604604 (February 19, 2021). According to FINRA Public Disclosure,…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. is referenced in a customer initiated investment related written complaint on April 7, 2021, in which the customer requested more than $5,000.00 in damages based on allegations of a breach of fiduciary duty by Dewes as it pertained…
Deborah Lynn Herrmann (also known as Debbie Lynn Gniech) of Wheaton Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she did not fully comply with FINRA’s investigation into her potential nondisclosure of a…
John Matthew Izzo of Williamsville New York a stockbroker formerly registered with Allstate Financial Services has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Izzo engaged in outside business activities without permission and had falsified information in compliance…
Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in unauthorized activities including borrowing from customers while he was registered with Edward Jones. Department of Enforcement v. Alan Price Disciplinary Proceeding No. 2020066136801 (Aug. 30, 2021). According…
James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James…
Scott Geoffrey Madison of Riverhead New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into why Merrill Lynch terminated his registration as stockbroker. Letter…
Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as…
Jerome Richard Goldstein of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Goldstein failed to cooperate with FINRA’s investigation in which the regulator tried to determine whether Goldstein engaged in…
Robert Scott Smith of Newberg Oregon a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related written complaint on May 10, 2021 in which the customer sought $678,500.00 in damages supported by accusations that they had been sold unsuitable private placements by Smith while he was registered with…
Jeremy Seth Rosen of Easton Pennsylvania a stockbroker formerly registered with Nationwide Planning Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,535,568.66 in damages founded on allegations that Rosen made misrepresentations to them regarding stock trades during the period that he was associated…
Joseph Augustien Lianzo of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lianzo made excessive and unauthorized trades in customers’ accounts when he was associated with Laidlaw Company….
Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at…
Robert Henderson Jr of Miami Lakes Florida a stockbroker formerly registered with IFS Securities has been fined $30,000.00 and suspended for 13 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA Hearing Panel Decision containing findings that Henderson engaged in unapproved outside business activities and had…
Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in…
Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a Decision containing findings that Belardino refused to cooperate with a FINRA investigation in regard to customer complaints. Department of Enforcement…
Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on February 12, 2021 where the customer requested $254,336.56 in damages founded on accusations of Parker misrepresenting benefits and features on a living benefit rider on their RiverSource RAVA 5…
Athanasios Tomaras (also known as Thanasi Tomaras) of Oldsmar Florida a stockbroker currently registered with RF Lafferty Co. 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 based on findings that Tomaras failed to identify outside business activities for RF Lafferty…
Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly registered with Ameriprise Financial Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $230,000.00 in damages supported by accusations of unsuitable trades and breach of fiduciary duty by Caveness when he was associated with Ameriprise…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative and barred from associating with securities firms across the country according to an Order based on allegations of Hoffman violating securities laws relating to…
Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was…
David Khezri of Melville New York a stockbroker formerly registered with Worden Capital Management and Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator recommended that Khezri face disciplinary action for possible violations of FINRA rules and securities laws pertaining to excessive and unsuitable…
William Robert Young (also known as Bill Young) of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $123,000.00 in damages based on accusations that Young caused them to invest in unsuitable securities including real estate investment…
Kevin Richard Wilson of New York New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations that they had been sold unsuitable private placements and over-the-counter equities by Wilson during the period…
Debasish Hajra (also known as Dave Hajra) of Marietta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for thirty days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that unauthorized unit investment trust and bond trades were executed…
David Weisberg of New York New York a stockbroker formerly registered with Worden Capital Management LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $47,629.58 in damages founded on accusations of unsuitability and misrepresentation relating to the customer’s investments in over-the-counter equities between October of 2017…
William Herbert Murphy (also known as Bill Murphy) the President and Chief Compliance Officer of William H. Murphy 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 principal capacity founded on a National Adjudicatory Council Order Accepting Offer of Settlement based…
Allan Perry Montalbano of Garden City New York a stockbroker formerly registered with Four Points Capital Partners LLC and Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages founded on accusations that they had received unsuitable investment recommendations from Montalbano…
Garrett Scott Neubart of New York New York a stockbroker formerly registered with Deutsche Bank Securities Inc. has been suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Neubart took part in outside business activities that were not disclosed or otherwise approved by…
Lyle Jude Boudreaux of Houston Texas a stockbroker formerly registered with Independent Financial Group has been issued a Consent Order by Texas State Securities Board in which Boudreaux’s investment adviser representative registration and securities agent registration in the state has been denied founded on allegations of Boudreaux making unsuitable recommendations to customers in the state…
Mark Charles Cohen of New York New York a stockbroker formerly registered with BCG Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon accusations of Cohen selling unsuitable direct participation program interests and limited partnership interests during the period that he…
Jorge Antonio Netto of Coral Gables Florida a stockbroker currently registered with Boreal Capital Securities LLC (formerly known as Mora WM Securities Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not authorized and which involved a customer of the securities broker dealer…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 30, 2021 where the customer sought $69,000.00 in damages based upon accusations of Woods making unsuitable recommendations of business development companies and real estate securities when he was…
Donald Joseph Fowler of Rockville Center New York a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Fowler churned and excessively traded the accounts of four of his customers. Letter of Acceptance Waiver and Consent…
Craig Bradford Eastwood of Hershey Pennsylvania a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on allegations that Eastwood provided unsuitable recommendations in regard to a variable annuity in November of 2017 when he was…
Andes Capital Group LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Andes Capital Group failed to supervise its stockbroker’s private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064979901 (Aug. 25, 2021). According to the AWC, in…
David Richard Geake of Northbrook Illinois a stockbroker currently registered with American Trust Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Geake breached a fiduciary duty and placed the customer into securities that were not suitable for them…
Joffre Salazar (also known as Jeff Salazar) of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Salazar forged signatures of customers on documents to effect…
Michael Joseph Lancaster of Tampa Florida a stockbroker formerly registered with NFP Securities Inc. and LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (FINRA) inquiry in which FINRA is reviewing a customer initiated investment related complaints alleging misrepresentation and the recommendation of unsuitable investments. Case No. 20210704636 (Mar. 22, 2021). Lancaster has…
Dale Allen Ramsperger of Scottsdale Arizona a stockbroker formerly registered with Securities America Inc. has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Ramsperger took part in private securities transactions that were not authorized by Securities America Inc. Letter of Acceptance…
Jeffrey Travis Drost of Victoria Texas a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Drost failed to cooperate with FINRA during the period that he was under investigation for potentially borrowing from customers…
Vincent John Villani of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $50,000.00 in damages based upon accusations of Villani making unsuitable private placement recommendations or sales at National Securities Corp which resulted in losses…
Julio Cesar Lage of Miami Florida a stockbroker formerly registered with BLVBLV Securities has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lage maintained outside securities accounts and had failed to cooperate in a timely manner with FINRA’s…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $422,000.00 in damages supported by allegations of Fasciglione’s unsuitable transactions relating to a private placement when Fasciglione was associated with National Securities Corp. Financial Industry…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC is named in a Securities and Exchange Commission (SEC) lawsuit in which SEC obtained a judgment which restrains and enjoins Booth from further violating federal securities laws based upon findings of Booth defrauding investors. Case No. 3:19-cv-01535 (Feb. 19, 2021). SEC…
Ramiro Luis Colon III (also known as Ramiro Luis Colon Ortiz III) of Miami Florida a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,421,565.59 in damages supported by accusations that Colon failed to supervise municipal bond and closed…
David Michael Murray of New York New York a stockbroker formerly registered with Worden Capital Management LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $653,700.00 in damages based upon accusations that between August of 2017 and December of 2019, stock and over-the-counter equities transactions…
John Sebastion Cangialosi Jr of New York New York a stockbroker formerly registered with Worden Capital Management has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cangialosi engaged in excessive trading of customer accounts at Worden Capital Management…
Michael James Farrell of Red Bank New Jersey a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $190,873.62 in damages based on accusations that Farrell provided unsuitable recommendations to them in regard to investments held in the customer’s Aegis…
Nancy Ann Munro Gaumer (also known as Nancy Ann Munrogaumer) of Media Pennsylvania a stockbroker registered with Signator Investors Inc. and BestVest Investments Ltd. has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Gaumer failed to report that…
Melvin Pirchesky (also known as Mel Pirchesky) of Irvine California a stockbroker formerly registered with Boustead Securities LLC is named in an investment related civil action in which the investor requested $871,021.18 in damages supported by accusations that excessive commissions had been charged on a private placement transaction that Pirchesky arranged during the time that…
Thomas Ward Stratton of Melbourne Florida a stockbroker formerly registered with World Choice Securities Inc. has been barred from associating with any FINRA member in any capacity supported by findings that Stratton failed to comply with the regulator during the period that he was under an investigation relating to his sale of promissory notes and…
Paul Wescoe Smith of Wayne Pennsylvania a stockbroker formerly registered with Bolton Global Capital is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $85,000.00 in damages founded on accusations of the customer’s assets being misappropriated in regard to a fraudulent enterprise known as Haverford Group. Financial Industry…
Alexis Kinashea Cooke of Lake Success New York a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cooke engaged in forgery and the falsification of applications relating to variable annuity products, and she failed to provide…
Douglas Anthony Leone of Melville New York a stockbroker formerly registered with Salomon Whitney Financial and Newport Coast Securities has been fined $185,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Securities and Exchange Commission Opinion in which SEC affirmed a FINRA National Adjudicatory Council’s…
Alfonse Joseph Stazzone Jr of Holmdel New Jersey a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Stazzone made unsuitable and excessive trades in a customer’s account when Stazzone was…
Sonia Balfour-Fears (also known as Sonia Delores Balfour and as Sonia D. Fears) of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Balfour-Fears made misrepresentations to the…
Maxim Beliakov of Red Bank New Jersey a stockbroker formerly registered with Woodstock Financial Group has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unsuitable and excessive trading in a Woodstock Financial Group customer’s account….
George Craig Merhoff Jr of Klamath Falls Oregon a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $500,000.00 and $1,000,000.00 in damages based upon accusations that the customer’s account had been overconcentrated by Merhoff in unsuitable investments including…
Alon Zak of Sherman Oaks California a stockbroker formerly registered with Pruco Securities has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with forging customer signatures and submitting insurance documents to Pruco’s insurance affiliate without customers’ authorization. Department of Enforcement v. Alon Zak Disciplinary Proceeding No. 2020065349803 (Aug. 19, 2021). According to…