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…

Chad Mitchell Koehn of Overland Park, Kansas, a stockbroker registered with SA Stone Wealth Management Inc., has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Koehn engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No….

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…

Richard Marion Blosser of Los Angeles, California, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Blosser failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….

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…

Robert John Palatella of La Jolla, California, a stockbroker registered with Wells Fargo Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on May 19, 2022, for $27,372.18 in damages based upon allegations that Palatella failed to follow instructions when Palatella was associated with Wells Fargo Clearing Services LLC….

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…

John C. Howley (also known as Jack C. Howley) of Rumson, New Jersey, a stockbroker formerly registered with Park Avenue Securities has been fined $85,000.00 by New Jersey Bureau of Securities based upon allegations that Howley recommended unregistered securities. (Dec. 29, 2021).   According to the Revocation Order: From at least 2016 through 2018 (“Relevant Period”),…

Solomon Wei-En Hua of West Covina, California, a stockbroker registered with Wells Fargo Clearing Services LLC has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for one year based upon allegations that Hua made unsuitable investment recommendations to his customers. FINRA Enforcement (AWC) No. 2018058988301…

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…

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