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…

Anthony Dennis Massara of Gilbert, Arizona, a stockbroker registered with Ameriprise Financial Services LLC has been terminated based upon allegations that Massara violated company policy relating to customer signatures. This is not the first time that Massara has been terminated by a securities broker dealer concerning his conduct in the securities industry. Financial Industry Regulatory…

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…

Brent Devon Hablutzel of Greenwood Village, Colorado, a stockbroker formerly registered with Rockefeller Financial LLC, has been discharged as a stockbroker on July 5, 2022, based upon allegations that Hablutzel made transactions without authorization and had failed to be forthcoming when he was internally investigated by the securities broker dealer. Financial Industry Regulatory Authority (FINRA)…

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…

Ronald Coy Bailey (also known as Buddy Bailey) of Anchorage, Alaska, a stockbroker formerly registered with NYLife Securities LLC, has been fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member because Bailey engaged in private securities transactions and outside business activities.  AWC No. 2020068006501. (Sept. 9. 2022)….

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….

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