Herbert H. Hafen (also known as Elias Herbert Hafen and as E. Herbert Niggebrugge) of New York New York a stockbroker and investment adviser representative formerly registered with Wells Fargo Clearing Services LLC and Morgan Stanley has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Hafen engaged in a fraudulent…
William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 23, 2019 in which the customer sought $38,651.89 in damages founded on allegations that unsuitable investment recommendations and high pressure sales…
Shimshon Plotkin (also known as Shim Plotkin) of Chevy Chase Maryland a stockbroker currently registered with Independent Financial Group is the subject of a customer initiated investment related arbitration claim in which the customer sought as much as $1,000,000.00 in damages based upon accusations that the customer had been placed in alternative investments including real…
Newbridge Securities Corporation a securities broker dealer headquartered in Boca Raton Florida, and Bruce H. Jordan (Director of Investment Banking), have been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Newbridge failed to supervise structured products sold to customers of the firm (2) Newbridge failed to supervise non-traditional exchange traded fund…
Matthew Stern Buchsbaum of New York New York and Stamford Connecticut a stockbroker currently registered with UBS Financial Services is referenced in a customer initiated investment related arbitration claim in which the customer sought $600,000.00 in damages based upon accusations that (1) unsuitable recommendations had been made by Buchsbaum concerning the purchase and retention of…
Martin David Batstone (also known as Marty Batstone) of San Diego California a stockbroker formerly registered with Independent Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Batstone converted a customer’s funds and engaged in securities transactions away from the securities broker dealer. Department of…
Ryan Michael Murnane of New York New York a stockbroker formerly employed by Alexander Capital L.P. is referenced in a customer initiated investment related arbitration claim where the customer requested $1,800,000.00 in damages supported by accusations that (1) recommendations of leveraged exchange traded funds and oil and gas investments were in no way suitable for…
Joseph Hersey Pratt II (also known as Joseph Hersey Butcher) of Conshohocken Pennsylvania a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that Pratt executed private securities transactions during the time that he was employed by…
Richard Bruce Sladek (also known as Dick Sladek) of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith incorporated is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations of false or misleading statements in regard to real estate securities or investments…
Larry Charles Wolfe of Boca Raton Florida a stockbroker formerly registered with Herbert J. Sims Co. Inc. (also known as HJ Simms) was named in a customer initiated investment related arbitration claim in which he was ordered by a Financial Industry Regulatory Authority (FINRA) Arbitration Panel to pay $480,000.00 in compensatory damages to a customer…
Keith Wakefield of Chicago Illinois a stockbroker formerly employed by IFS Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Wakefield’s consent to findings that he failed to cooperate with a FINRA investigation into accusations of him effecting fraudulent trades while associated with IFS Securities….
William Hennion of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages supported by allegations that between 2015 and 2018, the customer was provided poor investment advice from Hennion as it pertained to investments…
James J. Mariani of Mineola 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 $467,000.00 in damages supported by accusations that (1) fiduciary duties failed to be complied with and (2) real estate security transactions executed in the customer’s…
Joseph John Weinrich Sr. of Overland Park Kansas a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related civil action brought in the Circuit Court of Jackson County Missouri where the customer sought $225,000.00 in damages based upon accusations of (1) nondisclosures concerning the risks of venture capital…
Bradley Carl Mascho of Frederick Maryland a stockbroker formerly employed by Western International Securities Inc. and former Chief Financial Officer of DJB Holdings was sentenced on August 28, 2019 to thirty months in prison for (1) conspiracy to commit securities fraud in reference to his alleged solicitation and receipt of funds from investors for purchases…
Patrick John McLaughlin of Boca Raton Florida a stockbroker currently registered with Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations that (1) stock trades were executed on an excessive basis and (2) unauthorized over-the-counter equities transactions were effected…
Jody Bryant Bowers of Abilene Texas a stockbroker formerly employed by Lowell Company Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages supported by accusations that (1) exchanged traded funds had been misrepresented and (2) the customer was provided with bad investment recommendations…
Brian Daniel Parker of Covington Louisiana a stockbroker formerly registered with USA Financial Securities Corporation has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Parker caused USA Financial Securities Corporation customer account documentation to be falsified…
Todd Joseph Henrich of Iselin New Jersey a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer was awarded $14,441.79 in compensatory damages based upon Henrich being found liable on the customer’s claims of (1) misrepresentations concerning the terms or risks of investments…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with both LPL Financial LLC and Invest Financial Corporation and the founder of Booth Financial Associates has been charged by Securities Exchange Commission (SEC) in a Complaint alleging that Booth engaged in a Ponzi scheme in which forty investors were defrauded. SEC v. James T….
James Travis Flynn of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. is the subject of a customer initiated investment related complaint on August 26, 2019 in which the customers requested damages estimated to exceed $5,000.00 supported by allegations that (1) real estate security and direct investments failed to comport with…
Gregory Scott Young of Columbia South Carolina a stockbroker formerly employed by Voya Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages supported by accusations that the customer had been placed into structured steepener notes and alternative investment products that failed…
Thomas Joseph Logue Jr. of Hinsdale Illinois a stockbroker formerly registered with American Independent Securities Group LLC is the subject of a regulatory action initiated by the Illinois Securities Department in reference to allegations of Logue’s failure to provide documentation to the regulator after he was subpoenaed during an investigation into his potentially unsuitable and…
Dimitrios Aivaliotis (also known as Jim Aivaliotis and as Jimmy Aivaliotis) of Melville New York a stockbroker formerly registered with SW Financial is referenced in a customer initiated investment related arbitration claim which was resolved for $14,999.00 in damages supported by allegations that (1) trades were effected without authorization (2) contractual obligations had been violated…
Benjamin Benoit Lowder Jr. of Charlotte North Carolina a stockbroker formerly registered with MSI Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lowder failed to cooperate with a FINRA investigation into accusations of his potentially fraudulent trading practices. Letter of…
Brian John Bogart of McClean Virginia a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been terminated from the securities broker dealer on February 4, 2019 during the time that he was under investigation by both Financial Industry Regulatory Authority (FINRA) and Purshe Kaplan Sterling Investments for possibly selling away from the securities broker…
Richard Paul Martin of Wappinger Falls New York a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint on April 29, 2019 where the customer requested $13,763.63 in damages based upon allegations of the customer being poorly advised by Martin in regard to the purchase of…
James Marten Lamont of San Francisco California a stockbroker currently employed by Whitehall-Parker Securities Inc. has been fined $10,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lamont sold promissory notes investments in Woodbridge Group of Companies LLC outside the auspices…
Timothy Brian Kenyon of Somerville New Jersey a stockbroker currently registered with Triad Advisors LLC is referenced in a customer initiated investment related written complaint on April 30, 2019 where the customer requested $70,000.00 in damages founded on allegations that the customer was placed into an investment strategy which failed to be suitable for the…
Andre Kapulenui Kaluna of Avondale Arizona a stockbroker formerly registered with LPL Financial LLC has been terminated from the securities broker dealer on February 8, 2019 based upon accusations that Kaluna engaged in outside business activities which had not been disclosed to LPL Financial LLC. FINRA Public Disclosure confirms that Kaluna is referenced in three…
Randy T. Carpen of Saint Louis Missouri a stockbroker formerly employed by Vestech Securities Inc. and Freedom Investors Corp. is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages founded on allegations that (1) trades were executed on an excessive basis (2) transactions lacked authorization and (2) stocks…
Christina Sabengsy (also known as Christina Ioana Colwell) of Deerfield Iowa a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that the signatures of NYLife Securities LLC customers had been forged by her on documentation to effect…
William Cranston Fenwick Jr. (also known as Bill Fenwick) of Louisville Kentucky a stockbroker currently registered with First Kentucky Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that (1) the customer’s account was administered negligently (2) contractual obligations had been breached…
Daniel John Dunn a stockbroker currently employed by Woodbury Financial Services is referenced in a customer initiated investment related complaint on March 29, 2019 in which the customer sought more than $5,000.00 in damages supported by allegations that the customer was provided poor investment advice concerning real estate security and equipment leasing interests sold by…
John Kirkland Moy of Boca Raton Florida a stockbroker formerly employed by National Securities Corporation has been terminated from the securities broker dealer on April 5, 2019 based upon allegations of Moy giving bad advice to customers concerning the liquidation of their accounts. This is not the first time that Moy has been terminated from…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Westenbarger failed to comply with FINRA during an investigation into accusations of him borrowing funds from customers of Securities America….
Steve Jeffrey Cummings of Fort Deposit Alabama a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 30, 2019 where the customers requested more than $5,000.00 in damages based upon allegations that (1) false or misleading statements had been made by the…
Stephen Giannantonio (also known as Steve Gannantaonio) of New York New York a stockbroker currently registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $304,000.00 in damages based upon accusations that (1) the customer’s account was churned (2) contractual obligations had been breached (3)…
William George Davis of Atlanta Georgia a stockbroker formerly employed by Ameriprise Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that (1) Davis solicited investments that were not authorized by Ameriprise to be solicited and (2) Davis mismarked…
Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related complaint which was settled for $137,500.00 on August 19, 2019 supported by allegations that between 2013 and 2016, the customer’s funds had been relocated by Herrera without the customer’s permission….
John Bradford Leonard of Toledo Ohio a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related arbitration claim which was resolved for $265,000.00 in damages supported by allegations of unsuitable stock recommendations having been made during the time that Leonard was employed by Wells Fargo Clearing Services LLC….
Andrew Caputo Spaventa of Melville New York a stockbroker formerly registered with Salomon Whitney Financial has been suspended on September 6, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations of Spaventa’s failure to comply with a customer initiated investment related settlement agreement. FINRA Public Disclosure confirms…
Ronald Harris Rothchild of Garden City New York a stockbroker formerly registered with Raymond James Financial Services is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages based upon accusations that (1) the customer’s account was overconcentrated in bad investments (2) fiduciary duties had been breached (3) the…
Martin David Batstone (also known as Marty David Batstone) of San Diego California a stockbroker formerly employed by Independent Financial Group is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which the regulator determined that disciplinary action should be taken by FINRA Department of Enforcement against the stockbroker founded on allegations of…
Gerald John Cocuzzo (also known as Gerry Cocuzzo and as Jerry Cocuzzo) of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation has been barred from being a stockbroker or investment advisor representative or otherwise associating with securities broker dealers or investment advisories according to a Securities and Exchange Commission (SEC) Order containing…
James Cornelius Bylenga of Portage Michigan a stockbroker formerly employed by LPL Financial LLC is the subject of a Notice and Order to Cease and Desist issued by the State of Michigan Department of Licensing and Regulatory Affairs’ Corporations, Securities and Commercial Licensing Bureau based upon findings that Bylenga defrauded Michigan residents. In the Matter…
Michael Patrick Nixon 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 Nixon executed trades in accounts of Paulson Investment Company customers without written authorization from either customers or the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2018056269002…
Bobby Wayne Coburn of Fort Meade Florida a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Coburn failed to cooperate with a FINRA investigation into allegations of him selling away from Securities America and (2)…
Christopher David Sadaka of Jupiter Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages supported by accusations that between May of 2014 and March of 2017: (1) false or misleading statements had been made concerning oil…
Robert Andrew Kahn of Creve Coeur Missouri a stockbroker formerly registered with Edward Jones is the subject of a customer initiated investment related written complaint on September 10, 2018 in which the customer sought $104,133.00 in damages based upon allegations that (1) unsuitable trades were executed in the customer’s account (2) trades had been made…
Patrick Emanuel Sutherland of Charlotte North Carolina a stockbroker formerly employed by Innovation Partners LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Order Accepting Offer of Settlement containing findings that Sutherland controlled or managed Innovation Partners LP when he was disqualified from…
Carmine Claudio Capone of Boca Raton Florida a stockbroker and supervisor currently registered with The GMS Group LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages founded on accusations that Capone failed to supervise a stockbroker who (1) made investment recommendations that failed to be suitable…
Jesse Gil III of Corpus Christi Texas a stockbroker formerly registered with Allstate Financial Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing accusations that (1) Gil converted funds belonging to an elderly widow whom Gil advised outside Allstate Financial Services’ auspices (2) Gil failed to…
Shawn Bruce Davis of Auburn California a stockbroker formerly employed by Independent Financial Group LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California in which the customer requested unspecified damages founded on accusations that (1) false or misleading statements had been made…
Matthew Donald Kerby of Paoli Indiana a stockbroker formerly employed by Edward Jones has been permanently barred by the Indiana Securities Division from engaging in securities business in the State of Indiana according to an Order containing allegations of Kerby’s violation of the Indiana Uniform Securities because of being barred by Financial Industry Regulatory Authority…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related complaint on June 3, 2019 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that (1) bad recommendations of alternative investments including business development companies had been made to the…
Kari Ann Buckles of Olean New York 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 founded on findings that (1) Buckles converted a customer’s funds and (2) Buckles failed to cooperate with a FINRA investigation into allegations of…
Wesley Owen Clinton of Seaford New York a stockbroker currently registered with Network 1 Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $145,000.00 in damages based upon allegations that (1) the customer was placed in private placements and over-the-counter equities which were inappropriate given the customer’s…
Betty Rodriguez of Weston Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was settled for $23,000.00 in damages supported by accusations that (1) the customer’s account had been over-concentrated in mutual fund products which resulted in losses and (2) the…
Michael James Resciniti of Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Resciniti was unresponsive to a FINRA inquiry. Case No. 2018058707101 (Nov. 19, 2018). According to FINRA Public Disclosure, Resciniti’s non-cooperation had been met with a suspension by…
Marc Ang of Sherman Oaks California a stockbroker formerly registered with Pruco Securities LLC is referenced in a customer initiated investment related written complaint on August 20, 2018 in which the customer requested unspecified damages founded on allegations of non-disclosures by Ang as it concerned the risks and guarantees of a variable annuity that had…
Craig Anthony Zabala of New York New York a stockbroker formerly employed by John W. Loofbourrow Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zabala hindered a FINRA investigation into allegations of him engaging in private securities transactions and outside business…
Timothy Thomas Gibbons of New Orleans Louisiana a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $225,708.00 in damages supported by allegations that (1) energy-sector over-the-counter equities transactions executed in the customer’s account were unsuitable for the customer and (2) false or…
Vitthal Mathurbmas Patel of Denville New Jersey a stockbroker formerly registered with PFS Investments Inc. has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Patel forged customer account documents. Letter of Acceptance Waiver and Consent No….
Michael Patrick McMahon of Garden City New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that (1) improper or misleading statements had been made concerning investments (2) the customer’s account was handled in…
Jeffrey Evan Sigman of Greenwood Village Colorado a stockbroker formerly registered with Neidiger Tucker Bruner 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 Sigman engaged in undisclosed outside business activities while associated with the securities broker dealer. FINRA Arbitration…
Lawrence James Rizer of Boardman Ohio a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of his conversion of funds while engaging in an outside business activity. Letter of Acceptance Waiver and Consent No. 2017054157401…
Michael John Wood of Lake Tapps Washington a stockbroker currently employed by Independent Financial Group LLC is the subject of sanctions issued by the State of Michigan according to a Stipulation and Order founded on allegations that Wood engaged in unethical or dishonest practices while in the securities industry. Case No. 337031 (Mar. 6, 2019)….
William Andrew Hightower of Houston Texas a stockbroker formerly registered with Legacy Asset Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages supported by accusations that (1) the customer’s account had been liquidated by Hightower without the customer’s authorization and (2) funds were improperly used to…
Rita Marie Dulya (also known as Rita Marie Masluk) of Port St. Lucie Florida a stockbroker formerly registered with Kovack Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations of Dulya failing to cooperate with a FINRA inquiry. Case No. 2017055835001 (Nov. 19,…
Scott Allen Sibley of Boca Raton Florida a stockbroker formerly registered with Moors Cabot Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 founded on allegations that (1) the customer’s account was handled in a negligent manner (2) contractual obligations had been breached…
Kalos Capital, a securities broker dealer headquartered in Alpharetta Georgia, and Darren Michael Kubiak of Lawrenceville Georgia, a stockbroker formerly registered with Kalos Capital, have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) leveraged inverse exchange traded funds (LIETFs) had been recommended to the firm’s customers without Kalos Capital or…
David Joseph Escarcega of Phoenix Arizona a stockbroker formerly employed by Center Street Securities Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages supported by accusations that CNL Lifestyle Real Estate Investment Trust and other mutual fund trades executed in customers’ accounts failed to be suitable…
Melissa Ann Strouse of Scottsdale Arizona a stockbroker formerly registered with First Financial Equity Corporation is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA indicated that its Department of Enforcement should pursue disciplinary action against the stockbroker for possible supervisory failures and other violations of FINRA and National Association of…
James Paul Kolf of Madison Wisconsin a stockbroker formerly registered with MetLife Securities Inc. has been barred from being a stockbroker or an investment adviser or associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings, Making Findings and Imposing Remedial Sanctions issued by Securities Exchange Commission (SEC) based upon…
Stefan Anton Pastor of Fort Lauderdale Florida 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 based upon consenting to findings that he failed to cooperate with an investigation into allegations of him: (1) effecting trades in a…
Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Brodsky failed to cooperate with an investigation concerning his outside business activities. Letter of Acceptance, Waiver and Consent…
Thomas H. Lawrence III of Chapel Hill Tennessee a stockbroker formerly registered with Ameritas Investment Corp. is the subject of an Order issued by Tennessee Securities Division which barred him from being a stockbroker or an investment advisor in the State of Tennessee based on accusations that he borrowed money from an Ameritas Investment Corp….
Daniel Joe Wilson of Columbus Junction Iowa a stockbroker formerly registered with Northwestern Mutual Investment Services has been terminated on February 5, 2018 based upon allegations of (1) Wilson engaging in unauthorized activities in a customer’s account and (2) Wilson engaging in unapproved activities during a time that he was suspended by Financial Industry Regulatory…
Edward Louis Barger of Miami Florida a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was settled for $92,500.00 in damages based upon accusations of the customer being sold bad over-the-counter equities, closed-end funds and common and preferred stocks. FINRA Arbitration No. 17-02301 (Oct. 23,…
John Randall Gladden of El Cajon California a stockbroker formerly registered with Securities Equity Group is the subject of an Idaho Department of Insurance Investigation that commenced on February 27, 2018 into Gladden’s activities following the Department’s receipt of a customer complaint where the customer alleged that the negative effect of management fees on the…
Lorenzo C. Esteva of Miami Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $225,000.00 in damages supported by allegations that (1) omissions and unfounded statements had been made to the customer concerning the terms and conditions…
Robert Hayes Hoffman of Indianapolis Indiana a stockbroker formerly registered with Woodbury Financial Services has been barred from being a stockbroker in the State of Indiana according to an Indiana Securities Division Order based upon findings of Hoffman being expelled from a self-regulatory organization for misconduct in the securities industry. Case No. 18-0001 SB (Jan….
Marc Augustus Reda of New York New York a stockbroker currently registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $15,381.00 in damages based upon Spartan Capital Securities being found liable on the customer’s claims including churning of the customer’s account by…
Joseph Alan Likens of Des Peres Missouri a stockbroker employed by LPL Financial LLC has been barred from being a stockbroker or an investment adviser representative in the State of Missouri according to a Consent Order issued by the State of Missouri Office of Secretary of State containing findings that Likens engaged in unethical and…
Jason Harris Klabal of New York New York a stockbroker formerly employed by Legend Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Klabal neglected to cooperate with a FINRA inquiry which may have concerned customer disputes that were filed by customers…
Robert John Murray of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which ten customers collectively requested $6,645,956.00 in damages based upon allegations that (1) fiduciary duties owed to customers had been violated (2) misrepresentations had been made concerning…
Kevin Richard Graetz of Portland Oregon a stockbroker formerly registered with Paulson Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Graetz neglected to respond to FINRA’s information request potentially relating to his disclosures of customer initiated investment related disputes or his…
Mark Kaplan of Woodbury New York a stockbroker formerly registered with Vanderbilt Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $55,000.00 in damages based upon accusations that the customer’s common and preferred stock and over-the-counter equities holdings were inappropriate for the customer and had poorly performed. Financial…
Michael Eric Johnson of Medford Oregon a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Johnson failed to cooperate with a FINRA investigation into accusations of his improper acquisition of customer accounts and designation as beneficiary…
David Lloyd Barber of San Diego California a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related written complaint which was settled on August 1, 2018 for $22,500.00 in damages founded on allegations that (1) trades were executed in the customer’s account in an excessive manner and (2)…
Scott Richard Riley of Hooksett New Hampshire a stockbroker formerly employed by Edward Jones has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Riley exercised discretion in customer accounts without having any written authorization (2) Riley executed trades without customers’ consent….
John Scott Simpson of Hunt Valley Maryland a stockbroker formerly registered with RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $27,500.00 in damages founded on accusations that between 2012 and 2016: (1) false or misleading statements had been made concerning the performance of the customer’s…
Van Clemens Co. Inc. of Minneapolis Minnesota has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon accusations that the firm failed to supervise its business practices with a view towards protecting against excessive trading by Van Clemens stockbrokers in customer accounts. Letter of Acceptance Waiver and Consent No. 2017053162101 (Aug….
Laurence Michael Braunstein of New York New York a stockbroker registered with Janney Montgomery Scott LLC is the subject of a customer initiated investment related arbitration claim which was resolved for at least $14,999.00 in damages based upon accusations that when Braunstein was associated with Morgan Stanley, First Allied Securities and Janney Montgomery Scott: (1)…
Arlyn Roy Stokesbary of Slayton Minnesota a stockbroker formerly registered with Thrivent Investment Management Inc. 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 Stokesbary executed unauthorized trades in customer accounts during the period in which he was associated with the…
James Ernest Joly (also known as Jim Joly) of East Greenwich Rhode Island a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged on July 10, 2018 founded on accusations that (1) Joly preserved Voya Financial Advisors customer account documents that were signed but otherwise blank so that he could effect transactions in…
Jeannette Ann Adcock a stockbroker formerly registered with Wayne Hummer Investments is referenced in a customer initiated investment related written complaint on April 9, 2019 in which the customer sought $11,335.29 in damages founded on accusations that (1) unfounded statements had been made to the customer concerning the purchase of structured notes and structured certificate…
Michael Christopher Venturino of Garden City New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim which was settled for $300,668.16 in damages based upon accusations that (1) investment recommendations made to the customer failed to be suitable (2) unauthorized trades were effected in…
James Marc Unger of Cleveland Ohio a stockbroker formerly employed by Financial America Securities has been barred from being a stockbroker or investment advisor representative or otherwise associating with securities broker dealers or investment advisories according to an SEC Order Instituting Administrative Proceedings based in part on Unger misappropriating funds belonging to one of his…
Robert Abramowitz of Jericho New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for more than $50,000.00 in damages founded on accusations that (1) fiduciary duties had been violated (2) the customer’s investment account was handled in a negligent manner…
Peter Michael Riley of Plano Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related complaint which was resolved for $20,000.00 on July 19, 2018 based upon accusations that unauthorized stock trades were executed in the customer’s account by Riley between March of 2013 and May of 2018….
Ronald Dale Broadstone of New Albany Ohio a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a Division Order in which he was ordered to cease and desist from engaging in conduct violative of Ohio Securities Act based on the Division’s findings that (1) Broadstone engaged in manipulative and deceptive acts…
Robert Daniel Witt of Libertyville Illinois a stockbroker formerly registered with Voya Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Witt failed to provide FINRA with information that was requested of him and then failed to seek termination of his…
Stephen George Kowalski of Parsippany a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages supported by allegations that between 2012 and 2017, municipal debt purchases were inappropriate for the customer and resulted in the customer incurring unwarranted losses….
Gary John Basralian of Maplewood New Jersey a stockbroker formerly employed by Royal Alliance Associates Inc. has been suspended on April 23, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Basralian failed to comply with a FINRA Arbitration Award in which he was ordered to…
Louis Anthony Telerico of Dayton Ohio a stockbroker formerly registered with Westminster Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $468,249.17 in damages founded on accusations that (1) unfounded statements and omissions had been made by Telerico concerning investments (2) trades failed to be suitable…
Stephen Joe Williams of Madison Alabama a stockbroker currently registered with Next Financial Group is the subject of a customer initiated investment related written complaint which was resolved for $24,000.00 on November 2, 2018 supported by accusations that the customer was sold illiquid and inappropriate real estate securities that have since become worthless. Financial Industry…
Stephen Carey Hamilton of New York New York a stockbroker currently employed by Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations that the customer’s instructions had been disregarded by Hamilton as it related to common or preferred stock and…
Michael Patrick Nixon of Tampa Florida a stockbroker currently 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 supported by findings that Nixon executed trades in accounts of Paulson Investment Company customers without written authorization from either customers or…
Gregory Thomas Dean of Rockville Centre New York a stockbroker employed by Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Dean churned a customer’s investment account and (2) Dean made unsuitable and excessive trades in customer accounts. Letter…
Partho Sarathi Ghosh of New York New York a stockbroker registered with NYLife Securities LLC has been fined $25,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Ghosh engaged in undisclosed outside business activities. Department…
David Wayne Krumrey of The Woodlands Texas a stockbroker employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought unspecified damages based upon allegations that between 2010 and 2018: (1) the customer’s account was handled in a negligent manner (2) contractual obligations had been violated…
Bryan Joseph Clark of Atascadero California a stockbroker employed by Madison Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Clark failed to cooperate with FINRA personnel during an investigation into accusations of (1) Clark engaging in outside business activities that…
Leonard John Kuczynski of Charlotte North Carolina a stockbroker registered with Innovation Partners 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 Kuczynski engaged in outside business activities without disclosing them to the securities broker…
Stephen Allen Kelbick of Villanova Pennsylvania a stockbroker formerly 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 founded on findings that Kelbick effected unauthorized trades in customer accounts while registered with Wells Fargo. Letter of Acceptance Waiver…
Michael John Kurka of Alexandria Virginia a stockbroker employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on June 5, 2018 where the customer requested $200,000.00 in damages founded on accusations that bad penny stock and equity trades had been effected in the customer’s account evidencing an abuse of Kurka’s…
Roger Lee Owens of Elkton Maryland a stockbroker employed by Cetera Advisors LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Owens engaging in private securities transactions in which he sold Cetera customers promissory notes in Woodbridge Group of Companies…
Timothy John Beall of Eau Claire Michigan a stockbroker registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested $700,000.00 in damages founded on allegations that (1) Beall executed the customer’s purchase of GrowCo Inc. away from National Planning Corporation without the securities broker dealer’s…
Daniel Gordon Maughan of Los Angeles California a stockbroker registered with Financial West Group has been charged in a Complaint brought by Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleging that (1) Maughan churned a customer’s investment account and (2) Maughan made unsuitable trades while he was employed by Financial West Group. Department of…
William Roy Kimberlin of Dallas Texas a stockbroker registered with MetLife Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $15,000.00 in damages based upon accusations that securities laws had been violated by way of false and misleading statements being made to the customer about an…
Shannon Christopher Taylor of Roxboro North Carolina a stockbroker registered with BBT Securities LLC is referenced in a customer initiated investment related written complaint which was resolved for $36,308.87 in damages on October 31, 2018 based upon allegations that (1) misrepresentations had been made to the customer concerning the terms and conditions of investments and…
Rocco Roveccio of Staten Island New York a stockbroker registered with Alexander Capital L.P. has been barred from being a stockbroker or investment adviser or otherwise associating with any securities broker dealers or investment advisories according to a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings supported by allegations that (1) Roveccio effected unauthorized…
John Douglas Wade of Fullerton California a stockbroker employed by U.S. Bancorp Investments Inc. is the subject of a customer initiated investment related written complaint which was resolved for $58,566.91 on June 19, 2018 founded on allegations that the customer’s funds had been improperly removed from a money market account and relocated to a mortgage…
Philip Andrew Johnson of Kingwood Texas a stockbroker registered with D.H. Hill Securities LLP has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Johnson failed to cooperate with FINRA’s request for his information. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure,…
William August Glaser (also known as Bill August Glaser) of Saint Albans Missouri a stockbroker registered with National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $600,000.00 in damages founded on accusations that (1) false or misleading statements had been made to the customer concerning promissory note…
Craig Alan Sutherland of Columbus Ohio a stockbroker registered with Money Concepts Capital Corp is the subject of a customer initiated investment related arbitration claim in which an Arbitration Panel ordered Money Concepts Capital Corp to pay the customer $698,979.00 in compensatory damages based on finding the firm liable on the customer’s claims including (1)…
Scott Lindsay Reed of Indianapolis Indiana a stockbroker registered with David A. Noyes Company is referenced in a customer initiated investment related arbitration claim which was settled for $395,000.00 in damages supported by allegations that (1) false or misleading statements and omissions had been made to the customers concerning the terms of non-traded real estate…
Yousuf Saljooki (also known as Joe Saljooki) of Melville New York a stockbroker employed by Worden Capital Management LLC has been fined $20,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that (1) Saljooki gave customers investment advice and sold…
Andrew Caspersen of New York New York a stockbroker registered with Park Hill Group LLC is the subject of a civil action brought in the Supreme Court of the State of New York where the customer sought $16,000,000.00 in damages founded on allegations that (1) Caspersen fraudulently solicited a foundation’s securities transactions and (2) Caspersen…
Timothy David Ballard (also known as Tim Ballard) of Danville California a stockbroker employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought more than $100,000.00 in damages supported by allegations that (1) the customer’s account was handled in a negligent manner (2) fiduciary obligations were…
David John Volpe of Scottsdale Arizona a stockbroker registered with First Financial Equity Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Volpe neglected to cooperate with FINRA personnel when he was being investigated for selling away or otherwise borrowing funds from customers…
Mason Wayne Gann of Dallas Texas a stockbroker employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages on January 22, 2019 supported by accusations that (1) Gann churned the customer’s investment portfolio (2) Gann executed unauthorized trades in the…
George Anthony Nikolakakos of New York New York a stockbroker registered with Four Points Capital Partners LLC is referenced in a customer initiated investment related arbitration claim which was settled for $87,500.00 in damages founded on allegations that common and preferred stock trades were effected in violation of FINRA rules and securities laws while Nikolakakos…
Ken Kavanagh (also known as Kenneth Joseph Kavanagh and as Kenneth Kavanaugh) of New York New York a stockbroker registered with Morgan Stanley has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kavanagh engaged in undisclosed outside business…
Joseph Michael Fedorko Jr. of Greenwich Connecticut a stockbroker currently registered with Laidlaw Company is the subject of a customer initiated investment related arbitration claim where the customer sought $342,000.00 in damages based upon accusations that between 2012 and 2017: (1) unauthorized common and preferred stock and over-the-counter equities trades were executed in the customer’s…
Eldridge Foster Parks of Saginaw Michigan a stockbroker employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Parks failed to testify before FINRA personnel during an investigation into allegations of Parks making bad investment recommendations to customers of…
Darrell Walter Rideaux of Los Angeles California a stockbroker employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages supported by allegations that an unauthorized investment solicited by Rideaux when he was employed by Morgan Stanley caused the customer to incur unwarranted losses….
Michael Lee Child of Draper Utah a stockbroker registered with H. Beck Inc. is the subject of a customer initiated investment related complaint on April 24, 2018 in which the customer requested $20,000.00 in damages founded on accusations that Child advised the customer to purchase investments which failed to be appropriate for the customer. Financial…
Stephen James Sullivan of New York New York a stockbroker employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $540,618.00 in damages founded on allegations that (1) trades had been executed in the customer’s account in excessive amounts (2) transactions were not suitable for…
Jerry Lou Guttman of Phoenix Arizona a stockbroker employed by United Planners’ Financial Services of America is referenced in a customer initiated investment related arbitration claim where the customer sought $1,700,000.00 in damages founded on accusations that (1) false or misleading statements were made to the customer by Guttman in regards to LLC membership interests…
Lisa Acca of Bay Ridge 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 findings that Acca failed to submit documentation to FINRA and provide testimony in the course of a FINRA investigation into allegations of her…
Edward Allen Davig of Holmen Wisconsin a stockbroker currently registered with Packerland Brokerage Services Inc. is referenced in a customer initiated investment related civil action which was settled for $32,500.00 in damages based upon accusations that Davig gave customers bad investment advice about illiquid alternative investments including oil and gas master limited purchases which declined…
Marc Scott Steinberg of Boca Raton Florida a stockbroker registered with Dawson James Securities Inc. is the subject of a customer initiated investment related complaint on April 26, 2018 in which the customer requested $39,796.42 in damages supported by accusations that stock trades effected in the customer’s account failed to be suitable for the customer….
Richard James Coleman (also known as Rich Coleman and as Rick Coleman) a stockbroker registered with SW Financial 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 (1) Coleman traded in customer accounts in excessive amounts and (2)…
Keith Matthew Smith of Mountain Top Pennsylvania a stockbroker employed by Signator Investors Inc. is the subject of a customer initiated investment related complaint on April 26, 2018 in which the customer requested damages estimated to exceed $5,000.00 supported by allegations of Smith having misrepresented the terms and premiums on life insurance policies sold to…
Jon Timothy Vanslooten of Toledo Ohio a stockbroker registered with Edward Jones is the subject of a customer initiated investment related written complaint which was settled on September 10, 2018 to resolve allegations that Vanslooten placed the customer in Energy Transfer Partners LP – a direct investment which was unsuitable for the customer. FINRA Public…
Steve Baptist of New York New York a stockbroker registered with Joseph Gunnar Co. LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Baptist executed unauthorized trades in customers’ accounts and (2) Baptist exercised discretion in customer…
Alexander Kibrik of New York New York a stockbroker registered with Garden State Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of Kibrik failing to comply with the terms of a FINRA Arbitration Award. Case No. 16-03304 (June 12, 2018). FINRA Public…
John Sebastian Cangialosi of New York New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $37,399.00 in damages founded on accusations that (1) the customer’s account was administered negligently (2) false or misleading statements and omissions had…
Michael Patrick Spolar of Orlando Florida a stockbroker formerly registered with International Assets Advisory LLC has been suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Spolar effected trades in the investment accounts of International Assets Advisory customers without authorization from either…
Michael Thomas Lee of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been fined $12,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Lee participated in the Origin Fund as an outside business activity without disclosing…
Luigi Edward Mancusi (also known as Lou Mancusi) of Lake Forrest Illinois a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages based upon accusations that (1) Mancusi churned the customer’s account (2) Mancusi executed unauthorized trades and (3)…
Fortino Rene Rivera of Anaheim California a stockbroker formerly employed by Centaurus Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rivera lied to FINRA personnel when he had been investigated for having a joint account with an elderly customer…
Diane Qun Zhu of San Francisco California 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 Zhu obstructed a FINRA investigation into allegations of her potential outside activities referenced by PFS Investments Inc. when Zhu had…
Matthew Lee Geiser of Grand Island Nebraska a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related complaint which has been settled for $63,653.28 in damages on January 22, 2018 founded on accusations that Geiser falsified information concerning the guaranteed returns of an annuity he sold to the…
James Hal Heafner of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc. (now known as TCM Securities Inc.) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Heafner neglected to cooperate with FINRA during the time in which he was…
Robert Anthony Guidicipietro (also known as Robert A. Peters) of Holmdel New Jersey a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 founded on allegations that the customer’s stop loss order had been disregarded by Guidicipietro during…
Eric Nichols of Rolling Hills California a stockbroker formerly employed by Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nichols resolved a customer’s investment related dispute outside the firm’s auspices. Letter of Acceptance Waiver and Consent…
Matthew David Albers of Vienna Virginia a stockbroker formerly 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 founded on findings that trades were placed by Albers in customer accounts without authorization. Letter of Acceptance Waiver and Consent No….
Joseph Francis Valdini of Garden City New York a stockbroker formerly employed by Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Valdini failed to respond to a request FINRA made regarding Valdini’s activities which possibly related to his disclosures…
Brent Stephen Spicuzza of Chesterfield Missouri a stockbroker formerly registered with AXA Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,100,000.00 in damages based upon allegations that the investment strategy Spicuzza used for the customer’s retirement accounts and brokerage accounts was unsuitable given the customer’s…
Daniel Terry Fischer of New York New York a stockbroker formerly employed by Four Points Capital Partners has been barred from being a stockbroker or investment adviser as well as associating with securities broker dealers or investment advisories according to a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings pursuant to Securities Exchange Act…
Li-Lin Hsu (also known as Yilin Hsu) of Los Angeles California a stockbroker formerly registered with Ameriprise Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Hsu failed to comply with paying a customer $675,000.00 in damages after being found liable…
Christopher John Calandrino (also known as Chris Calandrino) of Coram New York a stockbroker formerly registered with Cape Securities Inc. has been suspended on March 19, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Calandrino failed to comply with his obligations to pay a customer…
Jonathan Spencer Williams of Timonium Maryland a stockbroker formerly employed by NYLife Securities pled guilty to one count of felony wire fraud (18. U.S.C. § 1343) as part of a scheme which caused customers of NYLife Securities to incur approximately $2,800,000.00 in losses. Criminal Action No. 1:18cr183 (D. Md. Apr. 29, 2019). Evidently, customers were…
Nicholas Harris Shermeta (also known as Nick Shermeta) of Minneapolis Minnesota a stockbroker formerly employed by Northland Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $409,949.79 in damages supported by allegations that (1) transactions had been effected by Shermeta in violation of Minnesota Securities Act…
Ricky Alan Mantei (also known as Ricky Alan Mantel) of Lexington South Carolina a stockbroker and branch office manager formerly employed by J.P. Turner Company LLC has been charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Mantei engaged in unauthorized prearranged trading involving customer accounts while employed by J.P….
Louis Mark Miller of Jericho New York a stockbroker formerly employed by LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Miller failed to testify before FINRA personnel during an investigation into accusations of Miller’s unauthorized trading in customers’ brokerage accounts when he was employed by LPL…
Merrimac Corporate Securities and Robert G. Nash (Chief Compliance Officer) of Altamonte Springs Florida are subject of a Securities and Exchange Commission (SEC) Order which sustained in part Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council’s sanctions against Merrimac and Nash based on findings of (1) Merrimac offering and selling securities that were neither registered…
Michael Salvatore Stanton of New York New York a former Director of Capital Markets for Legend Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $15,000,000.00 in damages founded on allegations that (1) contractual obligations to the customer had been breached (2) the customer’s account was administered…
Wilson Davis Co. Inc. a securities broker dealer headquartered in Salt Lake City Utah as well as James C. Snow (President and Chief Compliance Officer) Lyle Wesley Davis (Chief Executive Officer) Byron Bert Barkley (Head of Trading) and Craig Stanton Norton (stockbroker) have been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in…
Richard William Lunn Martin of Penang a stockbroker formerly employed by G.F. Investment Services LLC is the subject of a customer initiated investment related arbitration claim which settled for $117,000.00 in damages founded on accusations that (1) fiduciary duties owed to the customer had been breached (2) due diligence was not properly executed on investments…
Michael David Garris of Los Angeles California a stockbroker formerly employed by Wells Fargo Clearing Services 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 Garris effected trades in the account of a Wells Fargo customer who…
Lance R. Shaw of Wynnewood Pennsylvania a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim which settled for $65,000.00 in damages founded on accusations that (1) unauthorized trades were executed in the customer’s account (2) trades were effected in an excessive manner (3) misrepresentations had…
Thomas Alan Braley of Saginaw Michigan a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by accusations that between 2013 and 2016, the customer was provided bad investment recommendations concerning common and preferred stocks while…
Joseph Scott Eckhoff of Lakewood Colorado a stockbroker formerly employed by Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Eckhoff failed to cooperate with FINRA during its investigation into accusations of Eckhoff’s possible violations of FINRA rules. Letter of…
Joel Eric Breiter of Westhampton New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which settled for $112,500.00 in damages founded on accusations that (1) Breiter’s investment recommendations failed to be suitable given the customer’s risk tolerance and (2) misrepresentations had been made…
Brian Gregory DiJulio of Bellevue Washington a stockbroker formerly registered with NBC Securities Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) DiJulio executed unauthorized trades in customer accounts while employed by NBC Securities Inc. and (2)…
Ronald G. Richer of Red Bank New Jersey a stockbroker currently employed by Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim which settled for $16,300.00 in damages supported by allegations that (1) fiduciary obligations to the customer were violated and (2) Theravance Inc. put options and stocks executed in…
Robert Frederico Montes of Palm Harbor Florida a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Montes failed to comply with FINRA’s investigation into allegations of him misappropriating funds belong to an elderly customer of Morgan Stanley….
Timothy Francis Dufresne of Bamberg South Carolina a stockbroker formerly employed by SagePoint Financial Inc. is referenced in a customer initiated investment related civil action brought in the Bamberg County South Carolina Court of Common Pleas in which the customer sought unspecified damages based upon accusations of the embezzlement of the customer’s funds by Dufresne…
Noel Ray Vincent of Southfield Michigan a stockbroker formerly registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that (1) the customer’s assets were handled in a negligent manner (2) fiduciary duties were breached…
Alpine Securities Corporation a securities broker dealer headquartered in Salt Lake City Utah has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Alpine charged unfair commissions and prices to customers who held investment accounts with the firm (2) Alpine misused securities and converted customers’ assets and (3) Alpine effected…
William Francis Gillis of Seattle Washington a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $514,600.00 in damages based upon accusations that Gillis gave the customer bad investment recommendations particularly concerning the common or preferred stocks held in the customer’s account while Gillis…
Lawrence James Rizer of Boardman Ohio a stockbroker formerly registered with NYLife Securities LLC is the subject of a customer initiated investment related civil action brought in the Jefferson County Ohio State Court which was resolved for $65,000.00 based upon accusations that (1) the customers had been sold life insurance policies which lapsed despite the…
Andre Vincent LaBarbera of Dix Hills New York a stockbroker formerly registered with Titus Rockefeller LLC has been barred by Florida Office of Financial Regulation based upon findings that (1) LaBarbera churned customer accounts to generate commissions (2) LaBarbera effected trades that failed to be suitable for customers given their investment profiles (3) LaBarbera utilized…
Dean John Kajouras of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a Consent Order issued by the State of Massachusetts Securities Division which required Kajouras to cease and desist from making unsuitable recommendations or engaging in other conduct violative of Massachusetts Securities Laws and required Kajouras…
Ahmad Wares (also known as Kevin Wares) of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $195,132.00 in damages based upon allegations that (1) Wares breached his contractual obligations to the customer (2) Wares executed unauthorized…
Park Avenue Securities LLC a securities broker dealer headquartered in New York New York has been censured by Financial Industry Regulatory Authority (FINRA) supported by findings that (1) customers were excessively charged by the firm on mutual fund transactions and (2) the firm failed to adequately supervise its sales charges waivers to ensure that they…
Robert Owen Klein of Newport Beach California a stockbroker formerly employed by J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $1,500,000.00 in damages supported by accusations that inappropriate securities transactions were executed in the customer’s managed account while Klein was employed by J.P. Morgan Securities…
Teresa Marie O’Clair of Bismarck North Dakota a stockbroker formerly employed by Capital Financial Services Inc. is referenced in a customer initiated investment related written complaint on June 1, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that false or misleading statements had been made to the customer concerning the…
Thomas John Marino of Delray Beach Florida a stockbroker formerly registered with R.M. Stark Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Marino neglected to cooperate with a FINRA investigation into allegations of his misappropriation of funds belonging to a customer…
Tomas Juhan Velken of Lafayette California a stockbroker currently employed by Sigma Financial Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $28,195.50 in damages supported by accusations that the customer was placed into tenant in common investments which had not been adequately investigated by Sigma Financial Corporation or…
Robert Scott Davis (also known as Robert Scott David) a stockbroker formerly employed by LPL Financial 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 (1) Davis engaged in unauthorized trades in the accounts of LPL Financial customers and (2)…
Joseph Christopher Alexander of Birmingham Alabama a stockbroker currently registered with SA Stone Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim which settled for $75,000.00 in damages founded on accusations that mutual fund trades effected in the customer’s account failed to be suitable for the customer. FINRA Arbitration No. 16-02680…
Joel David Davidman of Beverly Hills California a stockbroker formerly registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related complaint where the customer sought damages estimated to exceed $5,000.00 supported by allegations that the customer was provided poor investment advice by Davidman concerning the stock and corporate debt investment…
Western International Securities a securities broker deal headquartered in Pasadena California has been censured and fined $75,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm overcharged customers on mutual fund transactions placed in customers’ accounts. Letter of Acceptance Waiver and Consent No. 2017056440501 (July 16, 2019). According to the AWC, a…
James Brian Moran of Florham Park New Jersey a stockbroker currently employed by Capitol Securities Management Inc. is referenced in a customer initiated investment related arbitration claim which settled for $110,000.00 in damages supported by accusations that the customer was placed in unsuitable oil and gas and stock investments in addition to inappropriate mutual fund…
Robert Estevez of Greenwich Connecticut a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages founded on allegations that (1) misrepresentations had been made to the customer by Estevez concerning the customer’s equity investments (2) stock trades placed by Estevez…
David Wilson Fleming Jr. of White Plains New York a stockbroker formerly registered with Stifel Nicolaus Company Incorporated 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 consenting to findings that Fleming inappropriately borrowed money from a Stifel Nicolaus customer…
Michael Frank Paesano of New York New York a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim which settled for $145,000.00 in damages supported by allegations that (1) government debt trades were effected in the customer’s managed account in excessive amounts and (2) some of the customer’s…
Robert Juan Escobio of Miami Florida a stockbroker formerly registered with Southern Trust Securities Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Escobio failed to cooperate with a FINRA investigation into accusations that Escobio associated with a FINRA member securities broker dealer during a period…
Richard Edwin Seidel of Wyomissing Pennsylvania a stockbroker formerly registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which settled for $118,.734.65 in damages on March 29, 2017 founded on allegations that $55,000.00 in total loans had been improperly taken from the customer’s insurance policy when Seidel was…
Eric Jason Savell of Roseville California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Savell engaged in outside business activities without disclosing them to LPL Financial and (2)…
Donald Shelby Toomer of Las Vegas Nevada a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages supported by allegations that (1) transactions executed in the customer’s account failed to be suitable for the customer and…
Antonio Costanzo of Chesapeake Virginia a stockbroker formerly employed by Titus Rockefeller LLC (also known as TR Capital Group LLC) has been fined $10,000.00 and barred by Florida Office of Financial Regulation according to an Order founded on accusations that (1) Costanzo engaged in fraudulent investment transactions (2) Costanzo executed trades on margin without having…
Manuel Francisco Porrata Monserrate (also known as Manuel F. Porrata) of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services is referenced in a customer initiated investment related complaint where the customer sought $210,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) investment recommendations failed to…
Joseph Henry Murphy III of Madison Wisconsin a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint which was resolved for more than $5,000.00 in damages on August 11, 2017 based upon allegations that (1) trades were executed in the customer’s accounts on an excessive basis…
Nick Eugene Son of New York New York a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related arbitration claim where the customer sought $224,968.00 in damages supported by allegations that (1) investment recommendations made to the customer were not suitable and (2) unauthorized trades had been executed in…
CV Brokerage Inc. a securities broker dealer headquartered in West Conshohocken Pennsylvania has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon accusations that the firm neglected to supervise its stockbrokers’ private securities transactions to ensure compliance with FINRA rules. Letter of Acceptance Waiver and Consent No. 2017052325902 (July 2, 2019)….
Frank Hamrak of New York New York a stockbroker formerly registered with Beech Hill Securities Inc. and Beech Hill Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $195,271.67 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached (2) contract obligations…
Joseph Ismael Rodriguez of Parsippany New Jersey a stockbroker currently employed by Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which settled for $47,500.00 in damages founded on accusations that the customer was placed into investment grade municipal bonds from 2013 to 2017 which failed to be appropriate for…
Joe Don Treece of Bentonville Arkansas a stockbroker formerly employed by Arvest Wealth Management has been barred from being a stockbroker in the state of Oklahoma according to an Order issued by the Oklahoma Department of Securities containing accusations that (1) Treece borrowed funds from a customer in an unethical and dishonest fashion (2) Treece…
Tina Marie Martinez of Yakima Washington a stockbroker formerly registered with Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Martinez failed to cooperate with FINRA personnel during an investigation into her life insurance business. Letter of Acceptance Waiver and…
Charles John Ehnot of Dunmore Pennsylvania a stockbroker formerly registered with L.H. Kohn Company is the subject of a customer initiated investment related complaint that was settled for $20,000.00 in damages on April 5, 2017 based upon accusations that unauthorized real estate security transactions were effected in the customer’s account during the time that Ehnot…
Summit Brokerage Services Inc. a securities broker dealer headquartered in Boca Raton Florida has been censured and fined $325,000.00 by Financial industry Regulatory Authority (FINRA) based upon findings that (1) Summit Brokerage Services neglected to supervise its stockbrokers’ recommendations for purposes of ensuring that the stockbrokers’ trades were suitable for customers of the firm and…
Philip Earl Brunson (also known as Phil Brunson) a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related complaint which was resolved for $28,929.99 in damages on August 24, 2018 based upon accusations that the customer’s funds had been misappropriated by Brunson during the time that he was…
Robert Lansing Hicks (also known as Lance Hicks) of Irvine California a stockbroker and former owner of Finance 500 Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account had…
James Christopher Hayne of Mansfield Texas a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on allegations that Texas Securities Act and California Corporate Securities Law had been violated; contractual obligations to the customer were breached; the customer’s…
Andrew James Pravlik of Pittsburgh Pennsylvania a stockbroker formerly employed by Prospera Financial Services Inc. is the subject of a customer initiated investment related civil action brought in the Court of Common Pleas of Allegheny County Pennsylvania where the customer sought $175,000.00 in damages supported by allegations that while Pravlik was registered with Prospera Financial…
Brenda Ann Smith (also known as Brenda Smith Peterman) of West Conshohocken Pennsylvania a stockbroker and principal formerly registered with CV Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Smith neglected to cooperate with FINRA personnel during an investigation…
Jonathan Douglas Freeze (also known as Jon Freeze) of Canonsburg Pennsylvania a stockbroker formerly registered with Fortune Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $330,000.00 in damages based upon accusations that Freeze solicited and obtained the customer’s funds for purposes of a direct investment in…
Brad William McDowell of Niles Illinois a stockbroker formerly registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint which was resolved for $44,098.67 on July 17, 2017 founded on accusations that the customer was placed into an annuity that failed to be suitable for the customer during the…
James Thomas Booth of Norwalk Connecticut 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 consenting to findings that Booth converted funds belonging to customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062787101…
Fred Shlesinger of Addison Texas a stockbroker formerly employed by Principal Securities Inc. is the subject of a customer initiated investment related complaint on October 14, 2018 regarding Shlesinger’s conduct where the customer sought damages estimated to exceed $5,000.00 based upon accusations that misrepresentations were made to the customer concerning the funding of a variable…
Terry Joe Bagwell of Birmingham Alabama a stockbroker formerly registered with Pruco Securities LLC is the subject of a customer initiated investment related arbitration claim which was settled for $120,000.00 in damages founded on accusations that Bagwell failed to supervise a stockbroker who sold away from the firm by placing customers into fraudulent unregistered securities…
Cary Edward Scheer of Southlake Texas a stockbroker formerly employed by Securities America Inc. has been discharged by the firm on January 18, 2018 founded on allegations that (1) the firm received no cooperation from Scheer during the time he was probed internally by Securities America Inc. for potential infractions of company policies or industry…
Brian Lamont Royster of Ann Arbor Michigan a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related arbitration claim where the customer sought $295,936.76 in damages supported by allegations that (1) fraudulent misrepresentations had been made to the customer concerning the terms and fees relating to City Financial…
Michael Alan Siegel of Edison New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a Summary Penalty and Revocation Order in which Siegel has been fined $100,000.00 and his stockbroker registration in the State of New Jersey was revoked based upon the New Jersey Bureau of Securities Bureau Chief’s findings…
John Rothrock McKinstry Jr. of St. Louis Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by allegations that (1) fiduciary obligations to the customer were violated (2) false or misleading statements had been made…
Jeffrey Alan Blutstein of Holbrook New York a stockbroker formerly employed by Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blutstein neglected to cooperate with a FINRA investigation into accusations of Blutstein engaging in outside business activities that he…
Michael Jay Sharenow of Florham Park New Jersey a stockbroker formerly registered with Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $150,000.00 in damages founded on allegations that Sharenow placed the customer in bad municipal debt investments including municipal bonds. Financial Industry Regulatory Authority (FINRA)…
Benjamin Glasser Aibel of New York New York a stockbroker formerly employed by Wunderlich Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Aibel failed to cooperate with a request from FINRA for his information. Case No. 2016052510801 (Mar. 15, 2018). According…
Sof New York New York a stockbroker formerly registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on January 2, 2018 where the customer sought $97,140.00 in damages based upon allegations that the customer was placed into unsuitable annuity products between 2012 and 2016. Financial Industry Regulatory Authority…
Marco Fragnito of Laguna Hills California a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged by the firm on February 2, 2018 founded on allegations that Fragnito executed trades in the accounts of Wells Fargo customers on a discretionary basis when this type of trading was not authorized by the…
Planmember Securities Corporation a securities broker dealer with main offices in Carpinteria California has been censured and fined $90,000.00 by Financial Industry Regulatory Authority (FINRA) based in part upon findings that (1) Planmember Securities Corporation failed to supervise the execution of variable annuity exchanges to determine if they were appropriate for customers and (2) Planmember…
Jesse Starr of San Diego California a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged by the firm on December 13, 2018 based upon allegations that Starr informed a customer of the firm that J.P. Morgan Securities LLC was liable to the customer for the failure of required distributions from being executed…
Scott Mason of Lakewood Colorado a stockbroker formerly registered with LPL Financial 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 a customer’s funds had been borrowed by Mason in violation of the policies of LPL Financial…
Lisa Jacqueline Lowi (also known as Lisa Jacqueline Vineberg) of West Palm Beach Florida a stockbroker formerly registered with RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that (1) the customer was placed into inappropriate and speculative municipal debt…
Michael Richard Mackay of Cincinnati Ohio 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 based upon consenting to findings that Mackay failed to comply with a FINRA investigation concerning allegations of Mackay having referred customers of Transamerica Financial…
Jonathan Edward Rago of Melville New York a stockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim which was resolved for $74,787.96 in damages supported by allegations that (1) investment recommendations made to the customer were not suitable and (2) unauthorized trades were executed in the…
Matthew Christopher Maczko of Oak Brook Illinois a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $500,000.00 in damages founded on accusations that Maczko gave the customer bad investment recommendations concerning the securities held in the…
Richard Earl Cagle of Corpus Christi Texas a stockbroker formerly employed by Hilltop Securities Independent Network Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Cagle hindered a FINRA investigation concerning (1) Cagle possibly making bad investment recommendations to customers of Hilltop Securities…
William David Utanski of Fort Lauderdale Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related complaint which was settled on August 7, 2017 to resolve accusations that the customer was inappropriately placed into speculative over-the-counter equities by Utanski during the time he was associated with Ameriprise…
William Mark Heiden of Newport Beach California a stockbroker formerly registered with Wedbush Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that Heiden executed unauthorized trades in accounts…
Jason M. Santini of Garden City New York a stockbroker formerly employed by Spartan Capital Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $655,000.00 in damages supported by accusations that (1) Santini violated his fiduciary duties to the customer (2) Santini effected transactions in the customer’s…
Linda Sue Zara of Boca Raton Florida a stockbroker formerly employed by Wells Fargo Clearing Services 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 Zara borrowed a customer’s funds in violation of the firm’s policies. Letter…
Jacob Glick of Scottsdale Arizona a stockbroker formerly employed by J.P. Morgan Securities LLC and investment adviser representative of Advanced Practice Advisors has been discharged by the advisory on June 12, 2017 based upon allegations that Glick engaged in reckless behavior when determining the suitability of investments for customers of the advisory (2) Glick placed…
Matthew DiGregorio of Syosset New York a stockbroker formerly employed by J.D. Nicholas Associates Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of DiGregorio’s failure to comply with paying compensatory damages to a customer after DiGregorio was found liable by a FINRA Arbitrator…
Jason Vincent Mediate of Staten Island New York a stockbroker formerly registered with Alexander Capital L.P. is the subject of a customer initiated investment related complaint on November 15, 2017 in which the customer requested $38,800.00 in damages supported by accusations that the stock and over-the-counter equities transactions effected in the customer’s account during the…
Carlos Nestor Evertsz-Seda of Ronkonkoma New York a stockbroker formerly registered with K.C. Ward Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Evertsz-Seda disregarded a FINRA inquiry possibly concerning Evertsz-Seda being subject of customer initiated investment related disputes. Case No. 2016052401401 (Mar….
Frank John Capuano of Holyoake Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that the customer had been placed into unauthorized investments which were part of a Ponzi Scheme. Financial Industry Regulatory…
Joseph Louis Derrico of Staten Island New York a stockbroker formerly employed by Woodstock Financial Group has been fined $5,000.00 and required to pay $101,324.39 in restitution according to a State of Montana Securities Division Order based on accusations of (1) excessive and unauthorized equity trades being effected by Derrico in accounts of Woodstock Financial…
Carlos Antonio Rodriguez of Plano Texas a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought more than $3,600,000.00 in damages founded on allegations that (1) the customer had been placed into oil and gas master limited partnerships and mutual funds…
David Richard Geake of Northbrook Illinois a stockbroker formerly employed by Ausdal Financial Partners has been discharged by the firm on September 14, 2018 supported by allegations that Geake engaged in private securities transactions or selling away without disclosing them to the firm and obtaining the firm’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public…
Theodore Hendrickus Franse of Fair Oaks California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related written complaint which was settled on August 9, 2018 to resolve accusations of the customer being sold unsuitable real estate investment trust products while Franse was associated with Independent Financial Group…
Axos Clearing LLC a securities brokerage firm headquartered in Omaha Nebraska has been censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that the firm failed to make disclosures to customers regarding margin interest charges which prevented customers from both ascertaining the terms and conditions relating to their margin accounts and…
Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly registered with RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations that the Puerto Rico bond transactions effected in the customer’s investment account during the time Fladell…
Jonathan Todd Pyne (also known as Jon Pyne) of Minneapolis Minnesota a stockbroker currently registered with Berthel Fischer Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $9,500.00 in damages based upon accusations that between 2007 and 2015: (1) false or misleading statements had been made…
Mark Gregory Raezer of Aurora Colorado a stockbroker formerly employed by Taylor Capital Management Inc. has been fined $15,000.00 and suspended for ten months from associating with any FINRA member in any capacity supported by accusations that Raezer engaged in private securities transactions during the time he was employed by the firm. Letter of Acceptance,…
Mary Ann Wise (also known as Mary Ann Bugliaro and as Mary Ann Ricker) of Hackensack New Jersey a stockbroker formerly registered with Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages founded on allegations that (1) unauthorized options and equities trades were…
Terry Parker Rider of Houston Texas a stockbroker formerly employed by RBC Capital Markets is the subject of a customer initiated investment related written complaint which was resolved for $160,000.00 on February 14, 2018 founded on accusations that false or misleading statements had been made to the customer about the sustainability of the customer’s investment….
Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $12,500.00 and suspended for ten months from associating with any FINRA member in any capacity based upon allegations that (1) Brown took possession of customers’ funds through an unapproved customer loan arrangement and (2)…
Margaret Mary Lech-Loubet of Beverly Hills California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on May 22, 2018 based upon accusations that the risks and illiquidity of the customer’s structured products holdings were not disclosed to the customer…
David Lee Reynolds of Modesto California a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related written complaint on March 6, 2019 where the customer requested $100,000.00 in damages founded on accusations that (1) Reynolds committed elder abuse (2) Reynolds placed the customer in investments including private placements…
Daniel M. Soliman of New York New York a stockbroker formerly employed by J.P. Morgan Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Soliman failed to cooperate with a FINRA investigation into whether FINRA Rules and federal securities laws had been violated…
Edward Barnett Woll (also known as Ed Woll) of Atlanta Georgia a stockbroker and chief compliance officer formerly registered with J.P. Turner Company LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $200,000.00 in damages based upon accusations that between January of 2013 and March 2016: (1) misleading…
Jeffrey Paul Schwebach of Dell Rapids South Dakota a stockbroker formerly registered with Independent Financial Group LLC has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of Schwebach selling Woodbridge promissory notes away from Independent Financial Group LLC. Letter of…
Bernard Thomas Weber of Minnetonka Minnesota a stockbroker formerly registered with Feltl Company is referenced in a customer initiated investment related written complaint which settled for $120,000.00 on November 21, 2017 based upon allegations that in connection with the customer’s purchase and holding of over-the-counter equities including penny stocks: (1) misrepresentations had been made by…
Larry Michael Crabtree (also known as Mike Crabtree) of Edmond Oklahoma a stockbroker formerly registered with Wilbanks Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crabtree neglected to comply with FINRA through its investigation into allegations of Crabtree’s possible…
Michael Roy Blueweiss of Melville New York a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that between 2014 and 2017: (1) the customer’s funds had been stolen or otherwise misappropriated by Blueweiss (2)…
Zvi Ben-Zvi of New York New York a stockbroker formerly registered with Paulson Investment Company 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 Ben-Zvi engaged in unapproved private securities transactions during the time he was associated with…
Michael Anthony Valdini of Garden City New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,115,095.00 in damages supported by accusations that (1) unauthorized transactions were effected in the customer’s account (2) transactions executed in the customer’s…
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Lane declined to comply with requests made by FINRA as part of its investigation into Lane’s possible mishandling of trust…
Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were…
Clement Lancelot Chichester (also known as Clement Ignatius Chichester) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages founded on accusations that (1) misrepresentations and omissions were made to the customer concerning the terms…
Clifford C. Vatter III of Louisville Kentucky a stockbroker formerly registered with Raymond James Associates Inc. is the subject of an Order issued by the Commissioner of the Commonwealth of Kentucky Department of Financial Institution in which Vatter’s application to employed by International Assets Management LLC was retracted and Vatter consented to not registering as…
George Craig Merhoff Jr. of Klamath Falls Oregon 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 on findings that Merhoff failed to cooperate with a FINRA investigation into accusations of (1) Merhoff disseminating consolidated reports to customers and…
Matthew Angelo Siliato of New York New York a stockbroker formerly registered with Meyers Associates LP (a firm later known as Windsor Street Capital) is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages based upon accusations that while Siliato was employed by Meyers Associates LP, bad…
Citigroup Global Markets Inc. a securities broker dealer headquartered in New York New York has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that (1) Citigroup overcharged its customers in regard to their purchases of unit investment trusts and (2) Citigroup failed to supervise the unit investment trust transactions…
Robert Thomas Tuffy of East Brunswick New Jersey a stockbroker formerly registered with Wells Fargo Advisors is the subject of a customer initiated investment related arbitration claim which was resolved for $27,500.00 in damages based upon allegations that (1) Tuffy effected unauthorized trades in the customer’s brokerage account (2) Tuffy disregarded the customer’s objectives for…
Rand Alan Heckler of Glen Cove New York a stockbroker formerly registered with Benjamin Jerold Brokerage I LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Heckler failed to cooperate with a FINRA investigation into allegations of (1) Heckler misappropriating funds…
William Gregory Barker of Tallahassee Florida a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint which had been resolved for $46,000.00 on May 23, 2019 supported by accusations that: (1) unit investment trust and equity transactions executed in the customer’s account were inappropriate for the…
Patrick Neal Foley of Ontario California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Foley failed to cooperate with FINRA during an investigation into accusations of Foley taking possession of…
James Coleman McCormick Jr. of Harrisonburg Virginia a stockbroker formerly employed by Wells Fargo Advisors is referenced in a customer initiated investment related written complaint which had been resolved for $15,000.00 on December 5, 2016 based upon accusations that (1) foreign preferred stock and mutual fund trades were effected in the customer’s account in an…
Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which had been resolved for $55,000.00 on January 8, 2018 founded on allegations that the customer was solicited for purposes of a loan where the customer’s…
Brian Colin Doherty of New York New York a stockbroker formerly registered with BGC Financial L.P. has been suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that Doherty engaged in a fraudulent trading…
Claus Christoph Foerster of Greenville South Carolina a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was settled for $27,500.00 on May 18, 2017 supported by accusations that (1) the customer’s signature had been forged on documentation to effect investment transactions and (2) the…
Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that (1) false or misleading statements and omissions had been made by Sias…
Michael Allen Kamperman of Waco Texas a stockbroker formerly employed by HD Vest Investment Services has been fined $20,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kamperman poorly advised customers of HD Vest Investment Services in regard to energy sector…
Crown Capital Securities L.P a securities broker dealer and investment advisory headquartered in Orange California has been censured and fined $75,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it neglected to supervise its business practices to adequately monitor the stockbrokers’ trading of mutual fund shares to determine if…
Steven Michael Roffman of Jacksonville Florida a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Roffman effected transactions in a customer’s account without the customer’s permission and (2) Roffman solicited customer…
Rick Esparza of Rancho Murrieta California a stockbroker formerly employed by Princor Financial Services Corporation is referenced in a customer initiated investment related written complaint which had been resolved for $19,500.00 on June 24, 2016 supported by accusations that false or misleading statements were made to the customer in regard to the customer’s provision of…
Charles Louis Laubach (also known as Chuck Laubach) of Baltimore Maryland a stockbroker formerly registered with Capital Portfolio Management Inc. has been fined 5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Laubach executed transactions in the accounts of Capital Portfolio Management…
Edward Jones Co. L.P. a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $40,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm lied about the amount of compensatory damages sought by customers who brought investment related disputes against the firm. Letter of Acceptance Waiver and Consent…
Mark Andrew Stanczyk of Cazenovia New York a stockbroker formerly employed by Leigh Baldwin Co. LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $266,000.00 in damages based upon accusations that between 2010 and 2016, the customer received bad investment advice from Stanczyk concerning the common or preferred…
Steven Rocco Colli of Morristown New Jersey a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was settled for $230,000.00 in damages based in part upon accusations that the customer was placed into options and equities that failed to be suitable for the customer while Colli…
Giustino DeStefano (also known as Justin DeStefano) of Williamsville New York a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages supported by allegations of (1) violation of FINRA Rules and federal securities laws (2) overconcentration of the customer’s…
James “Jim” Booth of LPL Financial and Booth Financial in Norwalk Connecticut has been named in a customer initiated, investment related claims filed before the Financial Industry Regulatory Authority that Booth stole or misappropriated funds from his customers. According to FINRA Public Disclosure, Booth appears to have been terminated by LPL on June 26, 2019….
Michael James Hebner of Flint Michigan a stockbroker formerly employed by Wunderlich Securities Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages founded on allegations that (1) Wunderlich Securities failed to supervise Hebner’s trading in the customer’s account (2) misrepresentations had been made to the customer…
Thomas Edmund Connors of Toms River New Jersey a stockbroker formerly employed by International Assets Advisory LLC has been discharged by the firm on November 6, 2017 supported by accusations that Connors spoke with customers of the firm during the time that he was suspended by FINRA for engaging in outside business activities. Specifically, Financial…
Spencer Edwards Inc. a securities broker dealer headquartered in Colorado has been fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that the firm overcharged customers on transactions that the firm’s stockbrokers effected in the customers’ accounts. Letter of Acceptance Waiver and Consent No. 2016051209102 (June 11, 2019). According to the…
Amr Mostafa Amboulmagd of Horsham Pennsylvania a stockbroker formerly employed by NYLife Securities LLC is referenced in a customer initiated investment related written complaint which was settled for $15,834.58 in damages on May 30, 2017 founded on accusations that Amboulmagd made misrepresentations to the customer with respect to the fees and guarantees on a variable…
Ross Sinclaire Associates LLC a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Ross Sinclaire did not make required disclosures to investors concerning its municipal offering and (2) Ross Sinclaire failed to supervise activities relating to stockbrokers’ direct market…
Dean Thomas Nicholson of Summerfield Florida a stockbroker formerly registered with SagePoint Financial Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on allegations that (1) SagePoint Financial failed to supervise the transactions placed in the customer’s account (2) the customer’s investment related contract had…
Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly employed by Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages supported by allegations that the customer was sold unregistered securities during the time Farrow was associated with Royal Alliance Associates…
Kyung Soo Kim of Katy Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Kim engaged in outside business activities without having notified Merrill Lynch during the…
Charles Chester Kulch of Nashua New Hampshire a stockbroker currently employed by Next Financial Group Inc. is the subject of a customer initiated investment related written complaint on August 11, 2017 in which the customer requested $150,000.00 in damages based upon allegations that the customer was inappropriately advised by Kulch in regard to real estate…
John Michael Tinnelly of Hawthorne New York a stockbroker formerly registered with Woodstock Financial Group is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by accusations that (1) over-the-counter equities trades executed in the customer’s account were not suitable for the customer given the customer’s investment…
U.S. Boston Capital Corporation a securities broker dealer headquartered in Lincoln Massachusetts has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent that it failed to supervise its business practices concerning the dissemination of consolidated reports which resulted in the firm disseminating inaccurate investment information to investors. Letter…
Matthew J. Giannone of Melville New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that (1) misrepresentations had been made to the customer (2) the customer’s account was mishandled (3) contractual obligations to…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abington 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 based upon consenting to findings that Jessee neglected to comply with FINRA during its investigation into accusations of (1)…
Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim in which the customer sought unspecified damages supported by accusations that the customer’s funds had been misappropriated through an investment held by the customer outside the firm’s auspices between 2013…
Christopher Michael Cervino (Christopher Michael Smith) a stockbroker formerly registered with Prime Capital LLC and COR Clearing LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Cervino neglected to pay a customer $595,000.00 compensatory damages and $250,000.00 in punitive damages as provided in…
Jason N. Anderson of Beaumont Texas a stockbroker formerly registered with LPL Financial LLC has been suspended for three months from being an investment adviser representative in the State of Texas according to a Disciplinary Order issued by the Texas State Securities Board Order containing findings that Andersons provided investors with investment recommendations that were…
John William Hoekman of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $390,000.00 in damages founded on accusations that (1) omissions had been made to the customer during a time that the customer was steered by…
Rick John Sande of Melville New York a stockbroker currently employed by Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer sought $12,334.53 in damages founded on allegations that (1) investment recommendations which had been made to the customer failed to be suitable given the customer’s objectives…
Jovannie Aquino (also known as John Aquino) a stockbroker formerly registered with Meyers Associates LP (also known as Windsor Street Capital LP) has been barred by Securities and Exchange Commission (SEC) from being a securities broker or investment advisor or otherwise associating with any securities broker dealers or investment advisories according to an Order Instituting…
Nicolas Jesus Barrios of Winter Haven Florida a stockbroker and Production Branch Manager formerly employed by UBS Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Barrios failed to cooperate with FINRA during an investigation into accusations of (1)…
Michael Ross Highfill of Ridgeland Mississippi a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related complaint which was resolved on June 22, 2016 for $215,000.00 in damages supported by accusations that (1) Highfill inappropriately steered the customer towards loaning Highfill funds in connection with an…
James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly employed by Ameritas Investment Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Anderson’s consent to findings that he failed to cooperate with an investigation launched by FINRA in regard to allegations of Anderson…
Anthony Diaz of Scotrun Pennsylvania a stockbroker formerly registered with IBN Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on allegations that the customer had been placed into unsuitable investments including (1) real estate security (2) promissory note (3) oil and gas…
Curtis Roy Ile of Mt. Carmel Indiana a stockbroker formerly employed by Sigma Financial Corporation has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Ile’s consent to findings that (1) Ile exercised discretion in customer accounts without having written authorization from either the…
Francesco Puccio of Pittsford New York a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages based upon allegations that (1) Puccio placed the customer in annuities and life insurance products that were not suitable for the customer…
Christopher Frederic Veale (also known as Chris Veale) of New York New York a stockbroker formerly registered with Legend Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $150,000.00 in compensatory and punitive damages supported by accusations that (1) Veale churned the customer’s investment account (2) Veale charged…
David John Strnad of Franklin Tennessee a stockbroker formerly registered with Morgan Stanley has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Strnad effected unauthorized sales and purchases of certificate of deposits in an account owned by a customer of Morgan…
Liam Gerard O’Keeffe of Danbury Connecticut a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related arbitration claim which was settled for $65,000.00 in damages supported by accusations that between 2001 and 2016: (1) bad investment recommendations were made to the customer and (2) misrepresentations had been made concerning the…
Alberto Sanchez of Fort Lauderdale Florida a stockbroker formerly registered with Sagepoint Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Sanchez’s consent to findings that Sanchez obstructed a FINRA investigation into accusations of Sanchez having engaged in outside business activities that were seemingly…
Charles Caleb Fackrell of Yadkinville North Carolina a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought compensatory damages founded on accusations that (1) penny stock and equities trades were placed in the customer’s account by Fackrell even though Fackrell lacked…
Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly…
Jason Reed Nelson of Tremonton Utah 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 Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to…
Thomas G. Gresham (also known as Tom Gresham) of Overland Park Kansas a stockbroker currently registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $495,000.00 in damages founded on accusations that (1) Moloney Securities Co. and UBS Financial Services Inc. collectively failed to…
Ibrahim Ethem Kurtulus of New York New York a stockbroker formerly registered with Windsor Street Capital LP is referenced in a customer initiated investment related arbitration claim which was settled for $14,999.99 in damages based upon allegations that Kurtulus gave the customer bad advice concerning stocks that were placed in the customer’s investment account while…
Ronald Ray Willoughby Jr. (also known as Ron Willoughby) of Tempe Arizona a stockbroker formerly 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 founded on allegations of Willoughby making bad short-term unit investment trades in accounts of…
Charles John Obryant III of Raleigh North Carolina a stockbroker formerly registered with Stifel Nicholas Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $330,000.00 in damages founded on accusations that (1) stock trades effected in the customer’s account failed to be suitable for the customer given…
Christopher David Sinkula of Stuart Florida a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 based upon allegations that the customer was placed in common or preferred stock by Sinkula when those investments were inappropriate for the customer given the…
Frank H. Kelly of New Cumberland Pennsylvania a stockbroker formerly employed by HD Vest investment Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Kelly’s consent to findings that (1) Kelly exercised discretion in customer accounts without obtaining written authorization and (2)…
David Michael Apted of Saint Louis Missouri a stockbroker formerly registered with Forest Securities Inc. has been discharged by the firm on February 28, 2018 based upon its accusations that (1) Apted engaged in an outside business activity without either disclosing it to the firm or obtaining its approval (2) Apted submitted fraudulent documentation to…
Alejandro Ariel Torres of Miami Florida a stockbroker formerly registered with Global Strategic Investments LLC is the subject of a customer initiated investment related arbitration claim which was settled for $32,500.00 in damages founded on accusations that misrepresentations had been made to the customer by Torres in regard to the customer’s investments and (2) investments…
Marc Anthony Arena of Westbury Connecticut a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages supported by allegations that (1) Arena breached his contractual obligations to the customer (2) Arena negligently transacted in the customer’s account (3) Arena breached…
Richard Eric Poston (Rick Eric Poston) of Plano Texas a stockbroker formerly employed by H. Beck Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by accusations that while Poston was associated with H. Beck Inc. (1) Poston gave the customer bad investment advice…
Richard Edward Bohack of Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bohack failed to comply with his obligation to pay compensatory damages to a customer who prevailed in a claim containing allegations that Bohack gave bad advice and…
Brian Carey Sak of Deerfield Illinois a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations that Sak failed to repay the customer funds that were due according to the terms of promissory notes executed by Sak and…
Michael Anthony Bastardi of Warwick New York a stockbroker formerly employed by Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Bastardi failed to cooperate with a FINRA investigation into allegations that Bastardi hindered a FINRA investigation concerning accusations that (1)…
David Bruce White of Bloomfield Hills Michigan a stockbroker formerly employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim which was settled to resolve the customer’s accusations that the customers were placed into an unsuitable oil and gas investment and had been induced to purchase the investment by way…
Charles Louis Laubach (also known as Chuck Laubach) is the subject of a Stipulation and Consent Order issued by the Colorado Division of Securities in which Laubach’s stockbroker licensure has been revoked based on allegations that Laubach engaged in business with customers in the State of Colorado in violation of Colorado’s licensing protocol during the…
William Jeffrey Carlton of Vienna Virginia a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint which was resolved for $657,998.24 in damages on May 24, 2017 founded on allegations that between January 4, 2016 and February 23, 2017: (1) excessive exchange traded fund trades were executed…
John Sherman Jumper of Memphis Tennessee a stockbroker formerly registered with Alluvion Securities LLC is the subject of a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act Section 203(f) in which SEC is considering barring Jumper from being a securities broker…
William Louis Baumner IV of Boca Raton Florida a stockbroker formerly registered with Buckman Buckman Reid Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000.00 in damages based upon allegations that the customer was placed into an unsuitable private placement investment while Baumner was associated with the…
Thomas Leroy Studer of The Villages Florida a stockbroker formerly employed by Thrivent Investment Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Studer failed to cooperate with a FINRA investigation into allegations that Studer violated the firm’s policies and caused unauthorized…
Benjamin Frank Bourgeois Jr. (also known as Ben Bourgeois) of Metairie Louisiana a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Bourgeois failed to cooperate with a FINRA investigation into accusations that (1) Bourgeois converted funds…
Michael Lester Carter of Henderson Nevada a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Carter sold away from the securities broker dealer by selling promissory notes to an investor. Letter of…
Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim that settled for $1,200,000.00 in damages supported by accusations that between 2011 and 2016, Cadan executed excessive government debt trades in the customer’s account causing the customers losses. Financial…
Michael Jeffrey Oppenheim of New York New York a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisory firms according to an Order Instituting Administrative Proceedings pursuant to Securities Exchange…
Mark Nelson Holloway of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages supported by allegations that (1) Holloway made omissions and misrepresentations to the customer concerning oil and gas direct investments and mutual funds and (2)…
David K. Mallett of Conway Arizona a stockbroker formerly registered with Wunderlich Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Mallett disregarded a FINRA inquiry possibly concerning Mallett being discharged from Wunderlich Securities Inc. or Mallett being subject of customer initiated…
James Andrew Geake (also known as Jim Geake) of Skokie Illinois and Schaumburg Illinois a stockbroker currently employed by Madison Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $12,500.00 in damages founded on allegations that the customer suffered unwarranted losses on alternative investments including real estate…
Gabriel Block (also known as Gabe Block) of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Block neglected to cooperate with an inquiry FINRA launched into Block’s activities. Case No. 2017052466301…
Windsor Street Capital L.P. (formerly known as Meyers Associates L.P.) has been expelled from Financial Industry Regulatory Authority (FINRA) membership, and Arthur Tacopino and Edwin Rodriguez (Windsor Street Capital’s associates) have been barred from associating with any FINRA member in any capacity, all according to a Default Decision issued by FINRA’s Office of Hearing Officers…
Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of…
Donnie Eugene Ingram of Winter Haven Florida a stockbroker associated with Cetera Advisors LLC and Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that Ingram executed unsuitable corporate debt and real estate investment trust trades in the customer’s account. Financial…
Philip John Nalesnik of Pottsville 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 upon consenting to findings that Nalesnik hindered a FINRA investigation into accusations of (1) Nalesnik engaging in outside business activities in violation of the…
Frederick Eugene Monroe Jr. (also known as Fred Monroe) of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. is referenced in a customer initiated investment related civil action brought in the Supreme Court of the State of New York where the customer sought $665,000.00 in damages founded on allegations that Monroe…
Arturo Alejandro Nunez of Miami Lakes Florida a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nunez failed to cooperate in FINRA’s investigation into allegations of his sales practice violations and unauthorized commission splitting arrangement. Letter…
Gregory Thormann Pease of Hoboken New Jersey a stockbroker formerly employed by International Assets Advisory LLC is referenced in a customer initiated investment related complaint on April 3, 2019 in which the customer requested unspecified damages supported by accusations that (1) the customer was not provided adequate information from Pease concerning the fees charged on…
Joseph Hersey Pratt (also known as Joseph Hershey Butcher and J.H. Pratt) of Conshohocken Pennsylvania a stockbroker currently registered with Stifel Nicolaus Company is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA conveyed that its Department of Enforcement should take disciplinary action against Pratt for allegedly (1) engaging in private securities…
Craig Daniel Price of Stuart Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $20,500.00 in damages supported by allegations that (1) misrepresentations or omissions had been made to the customer by Price concerning Cardero Resources equities held in…
Stephen Skeffington Eubanks of Las Vegas Nevada a stockbroker formerly employed by Bright Trading LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940…
Ross Lionel Gordon of Raleigh North Carolina a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 on April 4, 2016 supported by accusations that between 2015 and 2016, the customer was placed into mutual fund investments that were inappropriate…
Jose R. Juanarena Ferrari of San Juan Puerto Rico a stockbroker formerly registered with Popular Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $125,000.00 in damages based upon accusations that Ferrari made inappropriate investment recommendations to the customer concerning the purchases of closed end funds…
Tracy Neal Wengert of Mesa Arizona a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in an Order issued by the Arizona Corporation Commission which revoked Wengert’s securities registration and mandated Wengert pay a $25,000.00 fine and $1,522,400.00 in restitution based upon findings including Wengert’s trading of securities in customers’ accounts without written…
Eugene Henry Freund of New York New York a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $157,500.00 in damages founded on allegations that bad municipal debt investment transactions were executed in the customer’s account during the time Freund was associated…
Hossein Amirriahei (also known as Amir Amirriahei and as Riahei Amirriahei) of Los Angeles California a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related written complaint on May 30, 2017 in which the customer requested $150,000.00 in damages based upon allegations that trades had been executed in…
William Joseph Kielczewski of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Kielczewski partook in private securities transactions without notifying the firm beforehand and (2) Kielczewski falsified information to the firm concerning the private…
Joshua David Arnold (also known as Josh Arnold) of Edina Minnesota a stockbroker formerly registered with TradingBlock (also known as AOS Inc. and MoneyBlock) is referenced in a customer initiated investment related written complaint which was resolved for $64,500.00 on October 17, 2017 founded on accusations that the customer suffered unwarranted losses on common or…
Michel Rene Lavelanet (also known as Michael Rene Lavelanet) of Garden City New York a stockbroker formerly employed by Woodstock Financial Group Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $699,000.00 in damages based upon accusations that (1) the customer’s account was mishandled by Lavelanet (2) contractual obligations…
Phillip Andrew Johnson of Nashville Tennessee a stockbroker formerly employed by SunTrust Investment Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Johnson refused to respond to a FINRA information request. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure,…
J.W. Korth Company a securities broker dealer headquartered in Lansing Michigan has been censured by Financial industry Regulatory Authority (FINRA) according to a National Adjudicatory Council Decision affirming a Hearing Panel’s findings of the firm overcharging customers on municipal and corporate debt securities transactions effected in customers’ accounts. In the matter of Department of Enforcement…
Bryan Gabriel Mazliach of Fort Lauderdale Florida a stockbroker formerly employed by Laidlaw Company UK Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $66,680.00 in damages founded on allegations that between 2015 and 2017: (1) transactions were executed in the customer’s account that were not suitable for the…
Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities of Addison Texas (CRD No. 131392) of is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash…
Douglas Hart Birnie of Herndon Virginia a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on May 17, 2018 where the customer sought more than $5,000.00 in damages based upon allegations that on January 24, 2018: (1) omissions had been made to the customer…
Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Grant failed to cooperate with FINRA in an investigation concerning Grant’s conversion of funds from customers of the…
Wayne Douglas Rogers of Austin Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled for $11,544.77 on March 8, 2018 based upon allegations that on January 2, 2018, the customer’s investment instructions were not followed concerning the liquidations of an…
Daniel J. Kempker of Holland Michigan a stockbroker formerly registered with J.J.B. Hilliard W.L. Lyons LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages founded on accusations that unsuitable direct participation program or limited partnership interest products had been sold to the customer which caused the…
Zachary Scott Wagner of Gilbert Arizona a stockbroker formerly registered with OneAmerica Securities Inc. is referenced in a Arizona Securities Division investigation on March 26, 2019 founded on accusations that Wagner engaged in violations of the Arizona Investment Management Act and the Arizona Securities Act by (1) soliciting securities sales in the state without Wagner…
Jason Bradley Scarcella of Bartlesville Oklahoma a stockbroker formerly registered with SII Investments Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $35,000.00 in damages supported by accusations that Scarcella made false or misleading statements to the customer concerning the income and safety of real estate investment trust…
Steven Michael Richardson of Walnut Creek California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on April 11, 2019 in which the customer requested unspecified damages based upon accusations that between January 1, 2018 and June 7, 2018, excessive exchange traded fund…
Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them…
Bryan Jeffrey Schon of Bloomfield Hills Michigan a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on December 11, 2017 in which the customer requested unspecified damages supported by accusations that between 2014 and 2016, energy bond transactions effected in the customer’s account were not suitable…
Woodbury Financial Services Inc. a securities broker dealer headquartered in Oakdale Minnesota has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the suitability of annuities transactions placed in customers’ accounts to ensure that the transactions were complaint with FINRA rules…
Larry Steven Werbel of Chagrin Falls Ohio a stockbroker formerly registered with Concorde Investment Services LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant To Investment Advisers Act…
Mamode Abdullah Oozeerally (also known as Sony Oozeerally) of Parsippany New Jersey a stockbroker currently employed by Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages founded on accusations that (1) unauthorized trades were executed in the customer’s investment account (2) the…
Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC is referenced in a Colorado Division of Securities Stipulation and Consent Order which revoked Balser’s sales representative licensure and investment adviser license based upon the Division’s findings that Balser sold investments to customers away from Cetera Advisors LLC. Case No….
Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. is the subject of a FINRA Investigation in which FINRA determined that disciplinary action should be taken by FINRA Department of Enforcement against Nunez founded on accusations of (1) Nunez taking a loan from a customer (2) Nunez falsifying…
Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate…
Richard Alan Shotz of Daytona Beach Florida a stockbroker formerly employed by Wells Fargo Clearing Services LLC is the subject of an Order issued by the State of Maryland Securities Division revoking Shotz’s securities registration in the state based upon Shotz’s failure to respond to an Order To Show Cause relating to Shotz’s fine and…
Sampson Pearson Jr. of Charlotte North Carolina 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 accusations that Pearson declined to cooperate with a FINRA information request. Case No. 2017054269301 (Sept. 22, 2017). According to FINRA Public…
Tamara Rae Steele of Pendleton Indiana a stockbroker formerly employed by Comprehensive Asset Management and Servicing (now known as APW Capital Inc.) and Chief Operating Officer of Steele Financial has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Steele and Steele Financial made fraudulent investment recommendations to investors. Civil Action…
Wayne Fitzgerald Ford of Farmingdale New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim which was settled for $17,000.00 in damages based upon accusations that (1) transactions effected in the customer’s account violated Louisiana Securities Act (2) fiduciary duties to the customer had been…
Jon Brett Schmidhammer of Dublin Ohio a stockbroker formerly employed by Stifel Nicolaus Company Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisors according to an Order Instituting Administrative Proceedings Pursuant To Securities Exchange Act of…
Anselmo Contreras Jr. of Angleton Texas a stockbroker formerly employed by Cambridge Investment Research has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon findings that Contreras converted a customer’s funds while he was associated with Cambridge Investment Research. Letter of Acceptance, Waiver and Consent No. 2018057254501…
Kery Shane Hutner of Chagrin Falls Ohio a stockbroker registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on June 11, 2018 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that between October 23, 2012 and May 24, 2018, the customer’s funds were…
James Henry Dresselaers of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $255,000.00 in damages founded on allegations that (1) Dresselaers made omissions to the customer concerning the risks of exchange traded funds and (2) Dresselaers gave the customer…
Hortensia Llavat Tilen of San Juan Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages supported by accusations that (1) the firm failed to supervise Tilen’s closed-end funds and municipal debt transactions in the customer’s account…
Perry De Leeuw of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that the customer sustained losses on money provided to Leeuw for an outside business investment that Leeuw supposedly concealed from…
Frank Corrado Trombatore of Miami Florida a stockbroker currently employed by Southern Trust Securities Inc. is the subject of a Notice and Order to Cease and Desist issued by the State of Michigan Department of Licensing and Regulatory Affairs Corporations Securities and Commercial Licensing Bureau based on allegations that Trombatore solicited a securities transaction from…
Judith Sally Levine of Adventura Florida a stockbroker currently employed by Lantern Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $32,500.00 in damages supported by allegations that between September of 2012 and November of 2016: (1) the customer’s account was handled in a negligent manner (2)…
Phillip Robert Cheney Jr. of Norwell Massachusetts a stockbroker currently registered with Moors Cabot Inc. has been sanctioned by the State of Massachusetts Securities Division based upon findings that Cheney has been subject of customer disputes and has been terminated from at least one securities broker dealer founded on accusations of Cheney’s unsuitable investment transactions…
Michael Milad Tanha (also known as Mikey Tanha) of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $15,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Tanha engaged in…
Ernesto David Ramirez of Coral Gables Florida a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged on April 7, 2017 based upon accusations that (1) Ramirez violated the firm’s policy by mismarking trades in customers account to make them appear as though they were not solicited by customers and (2) Ramirez violated…
Francis Joseph Gendlek of East Brunswick New Jersey a stockbroker formerly employed by IFS Securities and TFS Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Gendlek neglected to cooperate with the terms of a FINRA Arbitration Award. FINRA Arbitration No. 17-00637 (Apr….
Todd Bruning Osing of Peoria Illinois a stockbroker currently employed by Edward Jones is referenced in a customer initiated investment complaint which was settled on June 19, 2018 to resolve accusations that Osing gave the customer unsuitable investment recommendations concerning the sale of mutual funds held in the customer’s investment portfolio. Financial Industry Regulatory Authority…
Gerald James O’Halloran of Punta Gorda Florida a stockbroker formerly employed by Kovack Securities Inc. has been fined and ordered to cease and desist from engaging in violations of Florida Statutes according to an Order issued by Florida Office of Financial Regulations containing findings that (1) O’Halloran failed to inform his securities broker dealer about…
James Brian Cain of Beverly Hills California a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on January 4, 2018 where the customer requested $45,000.00 in damages founded on accusations that between July 18, 2014 and January 4, 2018: (1) the customer was placed…
AXA Advisors LLC a securities broker dealer headquartered in New York New York has been censured and fined $600,000.00 by Financial industry Regulatory Authority (FINRA) based on findings that (1) AXA Advisors made misrepresentations about the bonds sold to the firm’s retirement account customers and (2) AXA Advisors neglected to supervise its practices to ensure…
Ronald Richard Blasczyk of Green Bay Wisconsin a stockbroker currently employed by Wells Fargo Clearing Services LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Blasczyk gave bad investment advice to a customer of the firm. Letter of…
Kerri Lynn Wasserman of New York New York president of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought unspecified damages founded on allegations that between July of 2013 and August of 2017: (1) inappropriate stock and over-the-counter equities trades were effected in the customer’s…
Lorene Fairbanks (also known as Lori Miller) of Canfield Ohio a stockbroker formerly employed by Ameriprise Financial Services has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Fairbanks entered into an unapproved customer loan arrangement in which Fairbanks…
Rick Alan Davidson of New York New York a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related complaint on May 15, 2017 where the customer sought $21,000.00 in damages supported by allegations that unauthorized corporate debt trades were executed in the customer’s account while Davidson was associated with…
Michael John Ahearn of Yardley Pennsylvania a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that Ahearn lied to FINRA during the course of a FINRA investigation…
Joshua Alexander Stephens-Anselm of Valley Stream New York a stockbroker formerly registered with J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Stephens-Anselm declined to respond to FINRA’s request for information possibly relating to Stephens-Anselm being terminated by J.P. Morgan…
James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No….
Voya Financial Advisors Inc. a securities broker dealer headquartered in Des Moines Iowa has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) the firm overcharged customers on their purchases of mutual funds by failing to apply sales charge discounts and (2) the firm neglected to supervise its mutual fund sales…
Buckman Buckman Reid Inc. a securities broker dealer headquartered in Little Silver New Jersey has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Buckman Buckman Reid Inc. neglected to create and implement a supervision system and written supervisory procedures regarding the suitability of trades recommended by stockbrokers of the firm…
Debra Logan (also known as Debbie Bloustine) of Oklahoma City Oklahoma a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on August 3, 2018 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that between November 5, 2010 and July 16,…
Byron Bert Barkley of Salt Lake City Utah the Head of Trading for Wilson Davis Co. Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation which led FINRA to conclude that disciplinary action should be taken against Barkley for potentially failing to supervise stockbrokers of the firm who may have defrauded investors….
Felipe Nery Arrieta of Boca Raton Florida a stockbroker formerly employed by Revere Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages based upon accusations that (1) unauthorized options and mutual fund trades were executed in the customer’s account (2) contractual obligations to the customer…
Corey Lee Mireau of Eden Prairie Minnesota a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Mireau engaged in unapproved outside business activities (2) Mireau executed…
Arturo Colon of Mayaguez Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages founded on accusations that (1) the customer’s account transactions had been negligently administered (2) contractual obligations were breached (3) securities rules and…
Erin Lynn Verespy of Trumbull Connecticut a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Verespy neglected to cooperate with a FINRA investigation into accusations that funds belonging to a customer had been…
Brandon Il Bay (also known as Young I. Bae) of Los Angeles California a stockbroker formerly registered with AXA Advisors LLC is the subject of a customer initiated investment related civil action brought in the Los Angeles Superior Court in which the customer sought unspecified damages supported by allegations that misrepresentations had been made to…
James Bradley Schwartz (also known as Jim Schwartz) of Melville New York a stockbroker formerly employed by Aegis Capital Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that (1) Schwartz executed trades in the customer’s account…
Taylor Edward Browman of Newport Beach California a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 21, 2018 where the customer sought $23,792.80 in damages based upon allegations that between January 1, 2018 and July 21, 2018, the customer had been charged…
Jay Thompson Humphreys of Golden Valley Minnesota a stockbroker formerly employed by Edward Jones is referenced in a customer initiated investment related complaint on May 1, 2018 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that between March of 2017 and April of 2017, unauthorized stock trades were effected in…
David Arthur Ellingwood of Leesburg Virginia a stockbroker formerly employed by Edward Jones has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that transactions were executed by Ellingwood in Edward Jones customer accounts without permission. Letter of Acceptance Waiver and…
Patrick Jude Esparrago of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on February 17, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between June of 2014 and December of 2015: (1) the customer…
Ralph Wilson Smith of Valdosta Georgia a stockbroker formerly employed by Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $320,000.00 in damages supported by accusations that (1) the customer’s account transactions were negligently administered (2) contractual obligations were breached by the firm (3) fiduciary…
Matthew Stern Buchsbaum of New York New York a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,00.00 in damages based upon accusations that between March of 2017 and March of 2019: (1) misrepresentations had been made to the customer…
Brian Michael Berger of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation has been barred from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisors according to a Securities and Exchange Commission (SEC) Initial Decision of Default containing findings that Berger defrauded investors. In the…
Peter Frank Valdez of Junction New York a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on September 19, 2018 where the customer sought $17,000.00 in damages founded on accusations that while Valdez was associated with Wells Fargo, omissions had been made to…
Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Southeast Investments N.C. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Lessard engaged in unauthorized customer loan agreements while registered with Southeast Investments N.C. Inc. and…
Thomas H. Laws of Silver City New Mexico a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Laws failed to provide FINRA with recorded testimony in its investigation into allegations of Laws’ involvement…
William David Hobby of Atlanta Georgia a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on September 18, 2018 supported by accusations that (1) Hobby violated the firm’s customer complaint policy by neglecting to apprise the firm that he was subject of a customer initiated investment related complaint and…
Jason Barrett Lane of New York New York a stockbroker formerly 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 based upon findings that Lane engaged in unapproved outside business activities during the time that he was associated…
Peter Michael Malis of Woodland Hills California a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related complaint on December 7, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while Malis was associated with Wells Fargo: (1) Malis executed unsuitable closed-end…
Frederick David Holloway of Easton Maryland a stockbroker formerly employed by Holloway Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Amended Hearing Panel Decision containing findings that (1) Holloway made bad annuity recommendations to customers of the firm and (2) Holloway omitted…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate…
Brian Lawrence Stephan of Xenia Ohio a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement based on findings that (1) Stephan gave the customer unsuitanble investment…
Ray Gene Reese of Farmington Missouri a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related complaint on May 8, 2018 where the customer requested $75,000.00 in damages based upon allegations of misrepresentations being made to the customer concerning the liquidity of a real estate security sold…
Gary Arthur Forrest of Flint Michigan a stockbroker formerly employed by American Portfolio Financial Services has been fined $5,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Forrest engaged in unapproved private securities transactions. Letter of Acceptance Waiver and…
Sean P. McCabe of Melville New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim which was settled for $17,500.00 in damages based upon accusations that between May 17, 2017 and September 28, 2017: (1) inappropriate investment recommendations had been made to the…
John William Cutshall of Frederick Maryland a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member according to an Order Accepting Offer of Settlement based on findings that (1) Cutshall converted a customer’s funds and (2) Cutshall improperly utilized a customer’s funds. Department of Enforcement…
Patrick Nicholas Teutonico of Seaford New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $145,000.00 in damages based upon accusations that (1) Teutonico effected unsuitable transactions in the customer’s account and (2) Network 1 Financial Securities…
Denise Marie Bucci of Conshohocken Pennsylvania a stockbroker formerly employed by Raymond James Financial Services Inc. has been fined $7,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bucci falsified and forged customer signatures on documents used to effect investment transactions…
Richard Marvin Muhlberg of Cherry Hill New Jersey a stockbroker formerly employed by Sigma Financial Corporation and Sigma Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer was awarded $17,900.00 in compensatory damages based upon Muhlberg being found liable on the customer’s claims that (1) real estate investment trust…
Stephen H. Watkins of Chicago Illinois a stockbroker formerly registered with Entrex Capital Market LLC has been fined $25,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that (1) Watkins engaged in unauthorized investment related communications and (2) Watkins disseminated…
William Newell Bernardi Jr. a stockbroker currently employed by Key Investment Services LLC is referenced in a customer initiated investment related written complaint on October 18, 2018 in which the customer requested at least $5,000.00 in damages supported by allegations that the customer was advised to purchase a Liberty Life Estate Maximizer life insurance policy…
Apostolos Nicholas Papadea of Columbia South Carolina a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on January 17, 2017 based upon allegations of (1) omissions and misrepresentations being made to the customer concerning the risks of mutual funds…
Naveed Akhtar Khan (also known as Nicholas Khan) of Staten Island New York a stockbroker formerly employed by Meyers Associates L.P. has been barred by Securities Exchange Commission (SEC) from being an investment adviser or stockbroker or working at firms advising investors or selling investors securities according to an Order Instituting Administrative Proceedings Pursuant to…
Nicholas Brent Maddox of Laguna Niguel 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 based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26,…
Stephen Paul Courtney of Pasadena California a stockbroker currently employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim where the customer sought $238,050.00 in damages supported by accusations that (1) transactions were effected in violation of the securities laws of the State of California (2) misrepresentations and…
James Samuel Mewhinney III of Dallas Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on November 19, 2018 in which the customer requested $550,000.00 in damages based upon accusations that while Mewhinney was associated with Morgan Stanley: (1) Mewhinney effected trades in the customer’s…
Devin Lamarr Wicker of New York New York the majority owner, Chief Executive Officer and Chief Compliance Officer of Bonwick Capital Partners LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Wicker converted a customer’s funds. Department…
Pedro Juan Rodriguez Rivera of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services Corp. is the subject of a customer initiated investment related arbitration claim in which the customer requested $463,417.00 in damages supported by accusations that (1) misrepresentations had been made to the customer concerning the risks of investments chosen…
Nicholas Sabellico of Fort Lauderdale Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer requested $25,413.00 in damages supported by accusations that between 2015 and 2017: (1) transactions executed in the customer’s account were in no way appropriate for…
James Frederick Sowerine of Billings Montana a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $80,000.00 in damages based upon allegations that (1) Sowerine executed unauthorized trades in the customer’s account and (2) Sowerine inappropriately placed the customer in energy sector…
Dennis Allen Hayes of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that (1) Hayes engaged in private securities transactions while…
William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,973.25 on November 22, 2016 founded on allegations that unauthorized trades were effected in the customer’s brokerage and variable annuity accounts while…
Derek David Rosenberg of Las Vegas Nevada a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $70,000.00 in damages based upon allegations that misrepresentations had been made to the customer concerning municipal debt investments selected for the customer’s account…
Edward Earl Matthes (also known as Ed Matthes) of Oconomowoc Wisconsin 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 based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations…
Franklin Hamilton Reynolds of Charlotte North Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on October 22, 2018 based upon the firm’s allegations that Reynolds engaged in suspicious activities concerning unit investment trusts while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Damian Marlon Bell of Daphne Alabama a stockbroker formerly employed by WFG Investments is the subject of a customer initiated investment related complaint on June 15, 2018 where the customer sought $72,000.00 in damages founded on allegations that the customer was placed into unsuitable exchange traded note and mutual fund products; and was assessed unwarranted…
Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy…
Carolyn Marie Thur of Chicago Illinois of Oakbrook Terrace Illinois a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on allegations that (1) omissions had been made to the customer concerning the risks, portfolio composition…
Robert L. Bryant III of Lincoln Nebraska a stockbroker formerly registered with Allstate Financial Services 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 based upon findings that Bryant forged customer account documents and caused Allstate Financial Services to hold false…
Yolanda M. Rosich Clemente of San Juan Puerto Rico a stockbroker currently registered with Popular Securities is referenced in a customer initiated investment related arbitration claim in which the customer requested $235,000.00 in damages supported by accusations that the customer was inappropriately advised to invest in Puerto Rico securities including closed end fund and government…
Sam Aziz (also known as Sam Yehya and Sam Azizieh) of Dublin Ohio a stockbroker formerly registered with Costal Equities Inc. and David A. Noyes Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Aziz failed to cooperate with FINRA in…
Anthony John Salerno (also known as AJ Salerno) of South Easton Massachusetts a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related complaint on May 17, 2018 where the customer sought damages estimated to exceed $5,000.00 supported by allegations that unsuitable common or preferred stock recommendations had been…
Bassam S. Salem of Birmingham Michigan a stockbroker formerly registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim that settled for $50,000.00 supported by accusations that between January of 2011 and February of 2017: (1) poor investment recommendations were made to the customer concerning over the counter equities…
Eric John Zebrauskas of Carmel Indiana a stockbroker formerly employed by Summit Brokerage Services Inc. has been discharged on October 3, 2018 supported by accusations of Zebrauskas causing a customer to furnish signed but blank documents to effect investment transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that this is not the first time…
Bryon Edwin Martinsen of Kings Park New York a stockbroker currently employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $127,000.00 in damages based upon accusations that Martinsen gave the customer bad advice concerning real estate securities held in the customer’s investment portfolio between…
Nathan Michael Badowski of Timonium Maryland a stockbroker formerly registered with NYLife Securities LLC is the subject of an Order issued by the Commonwealth of Virginia State Corporation Commission which revoked Badowski’s agent registration in the Commonwealth based upon accusations that Badowski engaged in business as an insurance company’s agent even though Badowski lacked any…
Garland Sean James (also known as Gary James) of New York New York a stockbroker formerly employed by Garden State Securities Inc. has been suspended by Financial Industry Regulatory Authority (FINRA) in all capacities on December 7, 2018 founded on allegations that James failed to comply with the terms of FINRA Arbitration in which James…
Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. was sentenced by a federal district court judge to more than seven years in prison, three years of supervised release and required to pay restitution of $3,085,939.00 according to the United States Attorney’s Office based upon Kitts pleading guilty to…
Eric A. Keller of Duluth Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $39,587.90 on February 16, 2016 founded on accusations that the customer was placed into a direct participation program or sold limited partnership interests that were…
Ciro Joseph Santoro of Cherry Hill New Jersey 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 based upon allegations that Santoro did not provide FINRA with information that had been requested of him during its inquiry into Santoro’s…
John L. Knight of Ann Arbor Michigan a stockbroker formerly employed by Key Investment Services is referenced in a customer initiated investment related written complaint which was resolved for $13,932.48 on May 18, 2016 supported by accusations that misrepresentations had been made to the customer concerning a fixed annuity issued by Great American Life Assurance…
John Blair Knoth of Carlsbad California a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related written complaint on August 22, 2018 where the customer sought unspecified damages based upon accusations that misrepresentations had been made to the customer concerning commissions charged on options trades placed in the customer’s…
Bradley Allen Latting of Lawton Oklahoma a stockbroker formerly registered with State Farm VP Management Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to comply with FINRA’s investigation into accusations of (1) Latting’s conversion of an elderly customer’s…
Jannet Siegle Carpien (also known as Jannet Helen Carpien and as Janet Siege Carpien) of Washington District of Columbia a stockstockbroker formerly registered with RBC Capital Markets LLC has been discharged by the firm on August 2, 2018 based upon allegations that Carpien failed to abide by the firm’s policy when she effected an unauthorized…
Cornelius Peterson of Boston Massachusetts an investment adviser representative and stockstockbroker formerly employed by Morgan Stanley has been barred by the Securities and Exchange Commission (SEC) from associating with any investment advisor or stockbrokerage firm according to an Order Instituting Administrative Proceedings According to Investment Advisers Act of 1940 Section 203(f) and Securities Exchange Act…
Barry Matthew Rumpel of Neillsville Wisconsin a stockstockbroker formerly registered with Woodbury Financial Services is the subject of a customer initiated investment related written complaint on January 23, 2018 where the customer sought $35,055.39 in damages founded on accusations that the customer was placed in a variable universal life insurance policy that was not suitable…
James Cornelius Bylenga of Portage Michigan a stockstockbroker formerly employed by 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 in FINRA’s investigation into Bylenga’s possible loan arrangements with customers of LPL Financial LLC. Letter of Acceptance…
Leonard Joseph Marzocco of Melville New York a stockstockbroker formerly registered with Rockwell Global Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $10,500.00 in damages supported by accusations that (1) Marzocco breached his fiduciary duties to the customer (2) Marzocco misrepresented the terms and conditions of over-the-counter…
Christopher Nicholas Cacace of New York New York a former Chief Compliance Officer of Legend 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 consenting to findings that Cacace failed to inform FINRA about customer initiated investment related disputes alleging the…
Gregory Spencer O’Brien of New York New York a stockstockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages supported by accusations that between 2011 and 2018: (1) the customer’s account was handled in a negligent manner (2) the…
Bruce Davis Smith of Atlanta Georgia a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on August 7, 2018 supported by allegations that Smith was not forthcoming to the firm concerning his involvement with a customer in transactions referenced in a Securities Exchange Commission (SEC) inquiry. Financial Industry Regulatory…
Michael Robert Boswell of Gaithersburg Maryland a stockbroker currently employed by Tripoint Global Equities LLC is the subject of a customer initiated investment related civil action brought in the United States District Court for the Southern District of New York which was settled for $400,000.00 founded on allegations that there was a lack of due…
Parkland Securities LLC a stockbrokerage firm headquartered in Ann Arbor Michigan has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to create and implement a supervision system pertaining to non-traditional exchange traded fund transactions. Letter of Acceptance Waiver and Consent No. 2016052300601…
Adrian Torres Ortega of Sun City West Arizona a stockbroker formerly employed by BBVA Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ortega failed to cooperate with a FINRA investigation into accusations of his unauthorized transfer of a customer’s investment funds….
Jacquin P. Fink of New York New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $3,581,198.00 in damages supported by accusations of bad investment recommendations being made to the customer concerning (1) over-the-counter equities (2)…
John Dale Ernst of San Diego California a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ernst engaged in private securities transactions involving the sale of Woodbridge promissory notes….
Vincent Bruce Waln of West Chester Ohio a stockbroker formerly employed by Securian Financial Services Inc. is referenced in a customer initiated investment related written complaint on December 13, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that Waln made misrepresentations to the customer concerning the terms and conditions of…
Scott Patrick Klor of Fort Mill South Carolina a stockstockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in securities transactions away from LPL Financial LLC and…
Doreen Lea Weber (also known as Doreen L. Tyler Strand and as Doreen Lea Strand) the former Chief Executive Officer of Fintegra LLC. is named in a customer initiated investment related arbitration claim in which the customer was awarded $20,000.00 in compensatory damages based upon Weber being found liable on the customer’s claims of (1)…
James Bryant Eichner Jr. of New York New York a stockstockbroker formerly registered with National Securities Corporation has been fined $10,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Eichner executed unauthorized trades in a customer’s account. Letter of…
John Joseph Birkhauser of Lake Forest Illinois a stockstockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages founded on allegations that (1) misrepresentations had been made concerning the terms or risks of the limited partnership interests sold…
Revere Securities LLC a brokerage firm headquartered in New York New York and Kurt Alfred Hurst (the firm’s branch manager) have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon FINRA finding in part that the firm failed to supervise its penny stock transactions to ensure compliance with federal securities laws. Letter of Acceptance…
Francine Ann Lanaia (also known as Fran McPherson) a stockbroker formerly employed by Windsor Street Capital LP has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Lanaia failed to provide FINRA with information that had been requested from her. Case No. 2017052475701 (Oct. 29,…
Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly employed by MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Hearing Panel Decision containing findings that Woodward failed to give documentation to FINRA and provide recorded testimony before FINRA personnel…
Price A. Breville of Staten Island New York a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been discharged on December 5, 2018 founded on allegations that Breville engaged in impermissible business activities concerning a customer’s purchase or sale of an insurance product. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly employed by Feltl Company is the subject of a customer initiated investment related written complaint on December 24, 2018 in which the customer sought $10,000.00 in damages supported by allegations that the customer was inappropriately invested in over-the-counter equities because of those investments failing…
Kevin Hao Jie Zhang of Dewitt New York a stockbroker formerly 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 based upon findings that Zhang engaged in an unapproved loan arrangement with a customer of Pruco Securities….
Christopher Allen Coffman of York New England a stockbroker formerly registered with Edward Jones is referenced in a customer initiated investment related written complaint which was settled on June 23, 2016 to resolve accusations that omissions had been made to the customer concerning the tax liability pertaining to the exchange of mutual funds in the…
Andrew Joseph Fairchild of Parkland Florida a stockbroker formerly employed by Investacorp Inc. has been terminated from employment on December 6, 2018 based upon the firm’s allegations that Fairchild inappropriately contacted a third party to effect withdrawals from customers’ annuities accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer filed an…
Kirby Spencer McDonald of Omaha Nebraska a stockbroker currently registered with Cetera Advisors LLC is the subject of a customer initiated investment related written complaint on November 7, 2018 where the customer requested $72,000.00 in damages based upon accusations that the customer was poorly advised concerning a variable annuity transaction which led the customer to…
Dakota Securities International Inc. a brokerage firm headquartered in Florida, and Bruce Martin Zipper (the president, Chief Executive Officer and Chief Compliance Officer of Dakota Securities International) have been sanctioned by Financial Industry Regulatory Authority (“FINRA”) according to a National Adjudicatory Council Decision which affirmed a Hearing Panel’s findings that (1) Zipper associated with the…
Bradford E. Bugher of Wilmington Delaware a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint on December 19, 2018 where the customer requested unspecified damages supported by allegations that between November 19, 2018 and December 19, 2018, while Bugher was associated with Merrill…
Judith Adele Johnston of Frisco Texas a stockbroker formerly employed by NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Johnston failed to cooperate with FINRA personnel in the course of an investigation into the complaints lodged against her from customers…
Corinthian Partners, L.L.C. a brokerage firm headquartered in New York New York and Richard Calabrese (the firm’s majority owner, Chairman, Chief Compliance Officer and President) and Mitchell Manoff (the firm’s Chief Executive Officer) have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm, Calabrese and Manoff: (1) neglected to supervise…
Richard Anthony Cavileer of Edison New Jersey a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $438,190.00 in damages founded on allegations that (1) misrepresentations had been made to the customer concerning the terms and conditions of over-the-counter equities investment purchased…
Titan Securities a brokerage firm headquartered in Addison Texas, and Brad Curtis Brooks (the firm’s Chief Executive Officer and President) and Richard Wayne Demetriou (the firm’s registered representative) have been fined by Financial Industry Regulatory Authority (FINRA) according to an Extended Hearing Panel Decision containing findings that (1) misleading or false representations had been made…
Gerard Joseph Costello of New York New York a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint on December 26, 2018 in which the customer sought damages estimated to exceed $5,000.00 founded on allegations that misrepresentations had been made to the customer concerning risks of an…
Oscar Andres Rico of Boca Raton Florida a stockbroker formerly registered with The GMS Group LLC is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on December 20, 2018 based upon accusations that Rico made false or misleading statements to the customer concerning Puerto Rico municipal debt investments that…
Patrick Thomas Donohue of New York New York a stockbroker formerly employed by UBS Financial Services Inc. has been terminated on December 7, 2018 founded on the firm’s accusations that Donohue failed to make required disclosures to the firm concerning his legal affairs; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public…
Glen Joseph Webster of Appleton Wisconsin a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint which settled for $145,000.00 on March 14, 2017 based upon allegations that the customer was not provided adequate information concerning the costs of disengaging an outside money manager’s covered call…
Lisa Ann Detanna of Beverly Hills California a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on January 22, 2019 in which the customer requested $100,000.00 in damages supported by allegations that common and stock transactions executed in the customer’s account were not suitable…
George Mackley Robertson of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Robertson sold away from Kestra Investment Services (2) Robertson engaged in outside business activities without disclosing them…
Ziv Ohel of Long Grove Florida a stockbroker formerly employed by CFD Investments Inc. has been discharged on September 6, 2017 based upon accusations from a customer who claimed that (1) unsuitable transactions were executed in the customer’s account (2) fiduciary duties owed to the customer had been breached and (3) trades were placed in…
Willie Levon Vales of Conshohocken Pennsylvania a stockbroker formerly registered with Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $285,000.00 in damages founded on accusations of the (1) violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law (2) breach of fiduciary duties and contractual…
Victor M. Dandridge III of Richmond Virginia a stockbroker formerly employed by Thompson Davis Co. Inc. has been barred by Securities and Exchange Commission (SEC) from being an investment advisor or broker or otherwise associating with investment advisories or brokerage firms according to an Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934…
Matthew John Quall of Northfield Illinois a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on January 23, 2019 in which the customer requested unspecified damages supported by allegations that the customer’s account profile had been misrepresented leading to speculative and inappropriate futures commodity…
Kenneth Marc Hutkin of New York New York a stockbroker formerly employed by Morgan Stanley Wealth Management has been discharged by the firm on September 24, 2018 based upon accusations that (1) Hutkin engaged in outside business activities without having disclosed them to the firm and (2) Hutkin received compensation for activities that had not…
Donovan St. Anthony Hunter of Houston Texas a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s investigation into accusations that Hunter engaged in unapproved outside business activities…
Bryan Edwin Benson of Tucson Arizona a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim in which the customer requested $218,257.00 in damages based upon allegations that unsuitable stock transactions had been effected in the customer’s account by Benson while he was associated with…
Sigma Financial Corporation a brokerage firm headquartered in Ann Arbor Michigan has been sanctioned by the Financial Industry Regulatory Authority (“FINRA”) based upon findings that the firm failed to supervise its non-traditional exchange traded fund transactions to ensure that they were properly reviewed for suitability. Letter of Acceptance, Waiver and Consent No. 2016052300602 (Mar. 7,…
Jonathan Michael Sheklow of New York New York a stockbroker formerly registered with Global Arena Capital Corp has been suspended on May 23, 2016 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to pay a $151,373.17 award to a customer after a…
TriPoint Global Equities a brokerage firm headquartered in New York, New York, and Andrew Kramer (head of trading at TriPoint) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement containing findings that the firm failed to supervise its securities transactions with a view towards complying with Securities…
Richard D. Niemann of Sugar Land Texas a stockbroker currently registered with UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No….
John I. Snyder of Fort Lauderdale Florida a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,000.00 on March 20, 2017 based upon accusations that investment recommendations made to the customer were not suitable given that possible mutual fund breakpoint discounts had…
Jim Jinkook Seol of Irvine California a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a National Adjudicatory Council Decision which affirmed FINRA’s Hearing Panel’s Decision containing findings that Seol sold away from his firm and engaged in…
Stephen Allen Sylvester of Groton Connecticut a stockbroker currently associated with CUNA Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on April 22, 2016 where the customer sought $40,000.00 in damages supported by accusations that (1) Sylvester failed to make disclosures to the customer about the penalties of surrendering a…
Halifax America LLC a brokerage firm headquartered in Sherman Oaks California has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that the firm neglected to create and implement supervision systems with a view towards ensuring brokers’ transactions in customer accounts had been properly reviewed by the firm…
Marvin Egorin of Los Angeles California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been terminated by the firm on January 18, 2018 during the time that Egorin was subject of an internal investigation into allegation that Egorin deliberately permitted liquidations and trades to be placed in a customer’s account after the…
Craig Michael Gould of New York New York a stockbroker and supervisor currently associated with Cabot Lodge Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Gould, inter alia: (1) possibly neglected to supervise disclosures pertaining to the compensation paid on real estate investment trust products offered to…
Paul Norman Gershon of Leawood Kansas a stockbroker formerly associated with RBC Capital Markets LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in discretionary trading of customer accounts; conduct violative of FINRA Rules. Letter of…
Dorothy Greppin Powers of Las Vegas Nevada a stockbroker formerly registered with Ameriprise Financial Services Inc. has been named in an investment related complaint on August 9, 2017 in which the customer sought $19,468.00 in damages based upon accusations that the customer was placed in a variable universal life insurance contract that was not appropriate…
Randall Lee Wilbanks of Oklahoma City Oklahoma a former executive of Wilbanks Securities Inc. has been named in a customer initiated investment related arbitration claim in which the customer sought $290,000.00 in damages based upon accusations that Wilbanks was responsible for (1) making omissions or misrepresentations concerning the risks pertaining to real estate security and…
Peter Matthew Bakalis of Trenton Michigan a stockbroker formerly employed by Sigma Financial Corporation is the subject of an investigation launched by the State of Michigan Department of Insurance and Financial Services on December 12, 2018 concerning Bakalis’ possible involvement in the unsuitable surrender of three customers’ annuity contracts. FINRA Public Disclosure confirms that Bakalis…
Daniel Edward Rebmann of San Antonio Texas a stockbroker currently associated with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations that structured products had been purchased for the customer’s account without the customer’s permission while Rebmann was associated with…
Steven Paul Reznik of Tallahassee Florida a stockbroker formerly employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that (1) fiduciary duties and contractual obligations had been breached (2) the firm failed to supervise transactions…
Richard David Blythe of Tucson Arizona a stockbroker currently registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by accusations of the unauthorized trading of equities and mutual funds in the customer’s investment account during the time Blythe…
ProEquities Inc. a brokerage firm headquartered in Birmingham Alabama has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it excessively charged customers who purchased mutual funds through the firm. Letter of Acceptance Waiver and Consent No. 2016052179401 (Mar. 7, 2019). According to the AWC, a variety of mutual fund…
Dennis Daniel Herrera of New York New York a stockbroker formerly associated with Blackbook Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $14,500.00 in damages based upon allegations that equity transactions effected in the customer’s account were not suitable for the customer. Financial Industry Regulatory Authority (FINRA)…
Tom Abel Puentes of Woodland Hills California a stockbroker formerly associated with Kestra Investment Services has been terminated on May 7, 2018 based upon accusations that Puentes possibly failed to conform to Kestra Investment Services LLC policies by concealing that at least one customer complained about his activities. This is not the first time that…
William David Nelson of New York New York a stockbroker formerly registered with Meyers Associates L.P. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Nelson failed to comply with a FINRA investigation into accusations that he effected excessive and unsuitable trades in a…
Gregory Dehrmann Miseyko of Boca Raton Florida a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which was settled on January 14, 2019 to resolve accusations that the customer’s assets were placed in inappropriate investments within the customer’s managed accounts. Financial Industry Regulatory…
Joseph Alan Marshall of Dallas Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $100,000.00 on October 19, 2016 based upon allegations Marshall mismanaged the customer’s investment account and placed the customer in direct investments that failed to conform…
Kevin C. Yang (also known as Chiagan K. Yang) of Pasadena California has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he executed unauthorized trades in a customer’s investment account. Letter of Acceptance Waiver and Consent No. 2017052993601 (Mar….
Jared Bryce Roskelley of Scottsdale Arizona a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on July 28, 2017 where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately placed in the Phillips Edison Real Estate Investment Trust – a…
Robert Ellsworth McMann of Lake Mary Florida stockbroker or supervisor currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on October 16, 2018 in which the customer requested more than $5,000.00 in damages supported by allegations that funds were inappropriately taken from the customer’s tax-qualified annuity…
James Bradley Schwartz (also known as Jim Schwartz) of New York New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Schwartz excessively traded and churned customers’ accounts and (2) Schwartz engaged in deceptive and fraudulent activities…
Todd Douglas Micciche of Portland Oregon a stockbroker currently employed by CUNA Brokerage Services Inc. is referenced in a customer initiated investment related written complaint which was resolved for $57,700.00 in damages on December 14, 2017 based upon accusations that an unauthorized liquidation of the customer’s assets were executed from the customer’s account. Financial Industry…
Barry Ronald Block of Arlington Heights Illinois a stockbroker formerly employed by World Equity Group Inc. has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Block made misrepresentations to customers concerning the expenses of variable annuities when advising…
Jonathan Rafe Rankin (also known as Jonathan Rafe Ranlein) a stockbroker and supervisor currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on November 8, 2017 in which the customer requested damages estimated to exceed $5,000.00 founded on accusations that misrepresentations and omissions had…
John Thomas Alexander III of Charlotte North Carolina a broker formerly registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $93,052.21 on October 18, 2017 supported by accusations that (1) the customer had been provided poor advice concerning the insurance, mutual fund and annuity products purchased…
Roberto Alexandro Blanco of El Paso Texas a stockbroker formerly employed by Investors Capital Corporation is the subject of a customer initiated investment related written complaint which settled for $43,000.00 in damages on February 2, 2018 based upon accusations that (1) Blanco placed the customer in real estate security investments that were not appropriate for…
Stephen Michael Hart of New York New York a stockbroker formerly employed by CFWP Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hart failed to cooperate with FINRA’s investigation into his possible conversion of funds. Letter of Acceptance Waiver and Consent…
Ganesh Iyer (also known as Ganesh Ramachandran) of Houston Texas a stockbroker formerly registered with Morgan Stanley has been named in a customer initiated investment related arbitration claim in which Iyer and Morgan Stanley were ordered by a FINRA Arbitration Panel to pay $54,954.04 in compensatory damages to the customer based upon the Panel finding:…
Sudesh Kumar Jain of Dayton Ohio a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $11,487.91 on January 9, 2019 founded on accusations that (1) the customer was placed into a variable annuity that failed to align with the customer’s financial…
Anthony Kevin Swart (also known as Tony Swart) of Longboat Key Florida a stockbroker formerly employed by SunTrust Investment Services Inc. is the subject of an Order issued by The State of Michigan Department of Licensing and Regulatory Affairs which directed Swart to withdrawal his securities agent registration in the State of Michigan based upon…
John Dennis Lowry of New York New York the Chief Executive Officer and Managing Member of Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which customers were collectively awarded $330,000.00 based upon findings that Lowry and Spartan Capital Securities LLC (1) breached fiduciary duties to the customer (2)…
Randall George Skrabonja of West Palm Beach Florida a stockbroker formerly employed by MetLife Securities Inc. is the subject of a customer initiated investment related written complaint on October 10, 2016 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that Skrabonja gave the customer bad advice about purchasing a variable annuity…
James Donald Routhier of Florham Park New Jersey a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which settled for $92,500.00 in damages based upon allegations that (1) Routhier gave bad investment recommendations to the customer in reference to the customer’s mutual fund purchases and (2)…
Eric Eugene Ott of Cincinnati Ohio a stockbroker formerly registered with MML Investors Services LLC has been fined $15,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Ott executed the unauthorized purchases of life insurance policies held in…
Ghalib Abdulla Kanji of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $2,000,000.00 in damages founded on allegations that (1) investment recommendations made to the customer were not suitable and (2) misrepresentations had been made to…
Drew Martin Reinhardt of Doylestown Pennsylvania a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $49,999.99 on December 20, 2018 supported by accusations that the customer was poorly advised with respect to the sale of AutoZone equities from the customer’s investment portfolio….
Sperry Randall Younger of Garden City New York the Chief Executive Officer and Chief Compliance Officer of NMS Capital Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that (1) Younger falsified investment banking transactions executed through…
Keith Edwin Downard of Canfield Ohio a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related complaint which settled for $51,242.45 in damages on April 8, 2016 supported by allegations that misrepresentations had been made to the customer concerning the risks of mortgage-related asset-backed debt investments purchased…
Steven Michael Roffman of Jacksonville Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on March 22, 2016 supported by accusations that (1) Roffman inappropriately solicited one or more customer’s investments in leveraged and inverse ETF investments (2) Roffman traded in customer accounts without written authorization from the…
Leonardo S. Araujo of Coral Gables Florida a stockbroker formerly employed by TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to cooperate with FINRA’s request for his information. Case No. 2016049044601 (Aug. 28, 2017). According to FINRA Public…
Menard Sanford Schwartz of Chicago Illinois a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which settled for $61,883.00 on January 10, 2017 founded on accusations that investment recommendations made to the customer were not suitable concerning over-the-counter equities held in their…
William Howard Desser of Los Angeles California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $1,300,000.00 in damages founded on accusations that (1) Desser effected unauthorized transfers of funds from the customer’s account (2) Desser utilized the customer’s assets impermissibly…
Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and…
Michael John Rappa of San Diego California a broker formerly employed by Foresters Equity Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rappa failed to cooperate with FINRA personnel who had been investigating Rappa’s possible unauthorized private securities transactions….
Thomas Earl Wilkinson III of Mesa Arizona a stockbroker formerly registered with J.P. Turner Company LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $32,500.00 in damages supported by accusations that the customer was placed in unsuitable corporate debt products including Puerto Rico bonds and Brogdon bonds. Financial…
Kirk James Bertsch of Spearfish South Dakota a broker formerly registered with Farmers Financial Solutions LLC has been disgorged of illicit commissions and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bertsch sold away from his firm by engaging in a promissory note…
Steven Hugh Murphy of Simi Valley California a stockbroker formerly registered with VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon accusations that (1) the customer was a victim of elder abuse (2) transactions were effected in violation of…
Salman Rasheed of Skokie Illinois a broker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rasheed took advantage of an elderly investor with dementia who provided Rasheed $390,045.00 in gifts while Rasheed was associated with the…
Accelerated Capital Group a brokerage firm headquartered in California has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm’s brokers: (1) executed unauthorized trades in customer accounts (2) sold customers investments that were not suitable for them and (3) executed trades in customer accounts on an excessive…
Thomas Cameron Oakes of Grand Rapids Michigan a stockbroker formerly registered with Royal Securities Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Oakes obstructed a FINRA investigation into accusations that he made unsuitable investment recommendations to customers of the firm….
Christopher Tucciariello of New Windsor New York a stockbroker currently employed by NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $15,000.00 on October 8, 2018 based upon accusations that misrepresentations had been made to the customer by Tucciariello with regard to the surrender fees paid…
Dana Harold Nelson of Ann Arbor Michigan a stockbroker currently registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on July 11, 2016 in which the customer requested $38,858.76 in damages supported by accusations that the customer’s purchase of Inland American Real Estate Investment Trust was not appropriate…
John William Spach of Aliso Viejo California a stockbroker formerly employed by Kestra Investment Services LLC and investment advisory representative formerly associated with NFP Retirement Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Spach failed to cooperate with a FINRA investigation into…
Brian Patrick Wells of Philadelphia Pennsylvania a stockbroker formerly registered with MSI Financial Services Inc. is referenced in a customer initiated investment related written complaint on March 1, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages based upon allegations that the customer was poorly advised concerning the purchases of a…
Thomas Edward Sova of Baton Rouge Louisiana a stockbroker formerly registered with Hornor Townsend Kent Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sova sold away from the firm by selling Woodbridge Group of…
Raj Sharma of Boston Massachusetts a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $70,000.00 in damages founded on accusations that (1) misrepresentations and omissions had been made to the customer from January of 2012 to January…
John Andrew Kasel of Scottsdale Arizona a stockbroker formerly employed by KMS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved outside business activities while registered with the firm. Letter of Acceptance…
Dominic Joseph Linsalata Jr. of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $80,013.13 in damages supported by accusations that (1) misrepresentations had been made to the customer concerning equity investments and (2) excessive equity trades…
Somning Pheth (also known as Demo Pheth) 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 founded on accusations that Pheth failed to provide FINRA with information that had been formally requested of him through a FINRA inquiry….
John A. Crumb of Macedon New York a stockbroker formerly employed by LPL Financial LLC has been fined $12,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crumb engaged in outside business activities that were not disclosed to LPL…
Mario Omar Martinez Chavez of El Paso Texas a stockbroker formerly registered with BBVA Securities Inc. is the subject of a customer initiated investment related written complaint on March 28, 2018 where the customer requested more than $5,000.00 in damages founded on accusations that Chavez neglected to abide by the customer’s instructions pertaining to a…
Brandon Boyd Hanna of Minneapolis Minnesota a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 17, 2018 in which the customer sought $350,000.00 in damages founded on accusations that (1) the customer’s account was churned and (2) stock, mutual funds and exchange traded funds…
Lee Dana Weiss of San Juan Puerto Rico a stockbroker formerly employed by MP Global Inc. and owner of Family Endowment Partners LP (FEP) has been barred by Securities and Exchange Commission (SEC) from being a broker or investment advisor or otherwise associating with brokers or investment advisories according to an SEC Order Instituting Administrative…
William Bruckner of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch 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 Bruckner mismarked customer order tickets by claiming that the transactions were not solicited when they were actually solicited by…
Paul Gordon of Paramus New Jersey a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related written complaint which was settled for at least $5,000.00 on January 31, 2018 based upon accusations that the customer was provided unsuitable investment recommendations concerning the purchase of municipal bonds despite…
Robert A. Perconte of Port St. Lucie Florida a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Perconte neglected to respond to FINRA’s request for information which possibly concerned Perconte’s possible outside business activities as referenced…
Gary George Vescio of Palm Beach Gardens Florida a stockbroker formerly registered with Raymond James Associates is the subject of a customer initiated investment related written complaint on May 21, 2016 where the customer sought $62,000.00 in damages supported by allegations that excessive stock trades were effected in the customer’s account while Vescio was employed…
Marc Neil Kalter of New York New York a stockbroker formerly registered with Dawson James Securities Inc. has been discharged by the firm on July 20, 2018 based upon allegations that (1) Kalter solicited investment transactions from investors residing in states in which Kalter was not registered as a securities person and (2) Kalter utilized…
Michael Fasciglione of Mineola New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $467,000.00 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached and (2) real estate security transactions effected in the customer’s…
Stephen Brown of Fort Lauderdale Florida a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 29, 2016 in which the customer requested more than $5,000.00 in damages based upon allegations that (1) the customer’s assets were not appropriately diversified and (2) overly speculative mutual…
John Anthony Waszolek of Scottsdale Arizona a stockbroker formerly employed by Raymond James Associates Inc. is referenced in an Arizona Corporation Commission Order revoking his securities registration in the State of Arizona based on findings that Waszolek engaged in unethical practices in the securities industry through steering an investor with dementia towards making Waszolek a…
Larry Michael Phillips of Woodland Hills California a stockbroker formerly employed by Purshe Kaplan Sterling Investments and former owner of TPG Advisors (The Phillips Group Advisors) has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment advisor as well as any brokerage firm and investment advisory according to a…
Peter Michael Terlecky III of Amherst New York a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related written complaint which was settled on May 13, 2016 to resolve accusations that during the time Terlecky was associated with the firm he made misrepresentations to the customer concerning…
Bradley Scott Cooperman of San Diego California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint on July 14, 2016 in which the customer sought $11,060.56 in damages based upon accusations that (1) unauthorized trades were executed in the customer’s managed investment account (2) misrepresentations…
Robert Gerald Merlo of Midland Park New Jersey a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Merlo disregarded a FINRA inquiry possibly pertaining to him being charged with fraud. Case No. 2017053574002 (Jan. 15,…
Diane Marie Knight of Chico California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint on January 26, 2017 where the customer sought $50,000.00 in damages supported by accusations that while Knight was associated with LPL Financial LLC unauthorized parties signed documents to effect real estate…
Angel Edgardo Aquino-Velez of Miami Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations that between 2011 and 2017, closed-end fund and municipal debt transactions were executed in the customer’s account that were not suitable for the…
Christopher Duke Bennett of Louisville Kentucky a stockbroker formerly employed by J.J.B. Hillard, W.L. Lyons LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bennett effected unauthorized transactions in accounts of J.J.B. Hillard, W.L. Lyons LLC customers. Letter…
Andrew Manual Garcia of Indianapolis Indiana a stockbroker formerly registered with Charles Schwab Co. Inc. has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Garcia converted a customer’s funds. Department of Enforcement v. Andrew Manual Garcia, Disciplinary Action No. 2017054899801 (Feb. 4, 2019). According to the Complaint,…
Brad Curtis Brooks of Addison Texas, a stockbroker and supervisor currently registered with Titan Securities of Addison Texas (CRD No. 131392) , is referenced in a customer initiated investment related arbitration claim which was resolved for $9,850.00 in damages founded on allegations that Brooks failed to supervise a customer’s investments in limited partnership interest or…
Donald Logan of Silverdale Washington a stockbroker formerly registered with Waddell Reed and Edward Jones has been fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Logan traded in customer’s investment accounts without authorization (2) Logan exercised discretion in customer’s…
Christopher T. Dallas of Arlington Heights Illinois a stockbroker and supervisor currently employed by World Equity Group Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity based upon consenting to findings that Dallas failed to supervise variable annuity transactions effected by the firm’s…
Erick Andrew Bourbon of Salem Massachusetts a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written arbitration claim which was settled for $23,000.00 in damages based upon accusations that between January 7, 2014 and June 30, 2016: (1) mutual fund and stock recommendations were not suitable for the…
Casey Wayne Walker of Lake Lotawana Missouri a broker formerly registered with Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Walker chose not to cooperate with FINRA in an investigation into Walker’s possible misconduct pertaining to premium…
Michael Alejandro Castillero of New York New York a stockbroker formerly employed by Alexander Capital has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Castillero failed to testify in a FINRA investigation into accusations of (1) Castillero making unauthorized trades in a…
Kerry John Mangano of Irvine California a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 8, 2016 where the customer sought damages estimated to exceed $5,000.00 founded on allegations that Mangano failed to execute the customer’s over-the-counter equities trades according to the…
Barbara Ann Endres of Grand Junction Colorado a stockbroker formerly registered with Wells Fargo Advisors LLC and investment adviser representative of Lifetime Wealth Advisors LLC has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940 Section 203(f) containing findings…
Barry George Hartman of Missoula, Montana a stockbroker formerly employed by FSC Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon allegations that Hartman executed unauthorized sales of securities to customers of the firm. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Thomas Edward Morrow of New York New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on August 5, 2016 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that stock trades were executed in the customer’s UGMA…
Caeron Arlington McClintock of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that McClintock failed to provide FINRA with information that was requested of him. Case No. 2016051468601 (Nov. 6, 2017)….
Guy Stanley Waltman of Princeton New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Waltman failed to disclose his trading of a customer’s accounts at an outside firm….
Herbert Charles Buchbinder of Mission Woods Kansas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related written complaint which was resolved on October 25, 2016 for $24,999.00 in damages founded on accusations that the customer sustained losses from the equity investments the customer purchased as a result…
Leonard Charles Kinsman of Staten Island New York a stockbroker currently registered with Wells Fargo Advisors Financial Networks LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on February 22, 2017 founded on allegations that the customer was provided false or misleading information concerning the principal protection…
Kestra Investment Services LLC a brokerage firm headquartered in Austin Texas has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that the firm overcharged customers on mutual fund purchases. Letter of Acceptance Waiver and Consent No. 2016048404601 (Feb. 13, 2019). According to the AWC, from July 1, 2009 to…
John Alexander Tarpinian of New York New York a former Newport Coast Securities Managing Director has been censured and fined $25,000.00 by Securities and Exchange Commission (SEC) according to an Order Instituting Administrative Cease and Desist Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act of 1940 Section 203 containing…
Michael Patrick Murphy of New York New York the Chief Executive Officer of Columbus Advisory Group Ltd. is the subject of a customer initiated investment related arbitration claim where the customer requested $22,500,000.00 in damages supported by accusations that the customer had been placed in direct participation program or limited partnership interests that were not…
Carroll Thomas Clark Jr. (also known as Tom Clark) of Miami Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) investment recommendations concerning real estate securities were not suitable for the customer…
Daniel YJ Kim of Flushing New York a stockbroker currently employed by J.P. Morgan Securities LLC is the subject of a customer initiated investment related complaint on May 5, 2016 in which the customer requested $50,000.00 in damages based upon accusations that unsuitable investment recommendations were made to the customer concerning mutual fund trades executed…
Kejuan Yang of New York New York a former Northwestern Mutual Investment Services registered representative has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Yang sold away from T3 Trading Group. Letter of Acceptance Waiver and Consent No. 2016050545001…
Dung Thanh Nguyen of Houston Texas a stockbroker formerly registered with MetLife Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen engaged in undisclosed outside business activities while employed by the firm. Letter of Acceptance Waiver and Consent No. 2016050536901 (Apr….
Mirsad A. Muharemovic of Coram New York a stockbroker currently employed by Arive Capital Markets is referenced in a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages founded on allegations that stock transactions executed in the customer’s account were not suitable for the customer given the customer’s objectives for investing….
Jordan John Boyle of Saratoga Springs Utah a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 23, 2019 in which the customer requested $10,000.00 in damages founded on accusations that between September 10, 2014 and January 18, 2019, the customer was provided unsuitable…
Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Powell engaged in private securities transactions while associated with the firm. Letter of Acceptance Waiver and Consent No….
William Charles Schumann of Wheaton Illinois a stockbroker currently employed by H. Beck Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $63,000.00 in damages based upon accusations that Schumann made poor investment recommendations to the customer concerning mutual funds as well as a variable annuity and non-traded real…
Thomas Anthony Gallo of New York New York a stockbroker formerly registered with Corinthian Partners LLC has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations concerning promissory notes that had been sold by…
John Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by allegations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) transactions were negligently…
Matthew Klein of New York New York a stockbroker currently employed by AXA Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $25,261.00 on September 13, 2016 based upon allegations that misrepresentations were made to the customer concerning a life insurance policy that the customer purchased. Financial…
Thomas John Lisa Jr. of New York New York a stockbroker currently employed by Wilmington Capital Securities LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Lisa’s consent to findings that he engaged in an outside business activity without disclosing it to…
Dale Edward Wright of Henrico Virginia a stockbroker currently registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $112,164.00 in damages supported by accusations that (1) trades executed in the customer’s account were not suitable for the customer (2) fiduciary duties were breached…
Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on May 18, 2018 supported by allegations that Reilly executed trades in a deceased customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Reilly is referenced in two customer initiated investment…
James Walter Barrett of Red Bank New Jersey a broker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on accusations that while Barrett was associated with the firm: (1) the costs and fees of investments purchased by the…
Marc S. Strafaci of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $83,000.00 in damages supported by accusations that Strafaci made unsuitable investment recommendations to the customer concerning municipal debt products that the customer ultimately purchased and…
Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by United Planners’ Financial Services of America A Limited Partner has been discharged from employment on August 2, 2018 supported by allegations that (1) Thomas maintained a number of private investments and loans with customers of United Planners’ Financial Services of America wherein those investments…
Thomas Edward Burns III of Orange California a stockbroker currently registered with Crown Capital Securities LP has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he was negligent in his confirmation of customer assets on customers’ alternative investment account…
Anthony N. Macaluso of Floral Park New York a stockbroker formerly employed by Capital One Investing LLC is referenced in a customer initiated investment related written complaint on January 4, 2017 in which the customer requested unspecified damages supported by accusations that the customer’s managed wrap account held investments that were not suitable for the…
Harvey Allan Kaluzna of Northbrook Illinois a stockbroker currently employed by Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages based upon accusations that (1) misrepresentations had been made to the customer concerning unit investment trust and real estate security investments held in…
Eric Alan Zakarin of Cranford New Jersey a stockbroker formerly registered with Lombard Securities Incorporated has been terminated by the firm on October 10, 2018 based upon allegations that (1) Zakarin generated excessive commissions from customers and (2) Zakarin executed trades in customer accounts that customers’ possibly had not authorized. This is not the first…
Michael Joseph Dorsey of Honolulu Hawaii a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on accusations of (1) violation of New York Stock Exchange (NYSE) and FINRA Rules (2) violation of federal and state securities…
Bhenoy Dembla (also known as Ben Dembla) of Chicago Illinois a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Dembla violated the firm’s mutual fund policies by entering and cancelling fake…
Thomas John Leone of Farmington Connecticut a stockbroker formerly registered with MML Investors Services is referenced in a customer initiated investment related written complaint which was settled on May 10, 2018 to resolve accusations that (1) the customer’s assets had been inappropriately transferred a number of times between annuities and mutual funds and (2) the…
Erven Joseph Frericks Jr. of Chesterfield Missouri a stockbroker formerly employed by Royal Alliance Associates Inc. has been discharged by the firm on May 11, 2018 supported by allegations that Frericks urged a customer to designate him as the beneficiary of half of the assets held in the customer’s annuity account. Financial Industry Regulatory Authority…
Edward Beyn of New York New York a stockbroker formerly registered with Craig Scott Capital LLC is the subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirms FINRA’s Hearing Panel’s decision to bar Beyn because (1) Beyn effected excessive trades in customer accounts (2) Beyn churned customers’ investment portfolios and…
Perry Davis Stalvey of Bloomington Illinois a stockbroker formerly registered with State Farm VP Management Corp. was discharged on February 6, 2018 based upon the firm’s allegations that Stalvey misused money that was provided to him by a customer of the firm pertaining to an investment transaction. FINRA Public Disclosure reveals that Stalvey is also…
Kenneth Joseph Kolquist of Duluth Minnesota a stockbroker formerly employed by Cetera Advisor Networks LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kolquist failed to provide FINRA with information that was requested of him. Case No. 2015047359901 (Aug. 1, 2016). According to…
Timothy John Knutson of Saint James Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized transactions in Ameriprise Financial Services’ customer accounts. Letter…
Denise Marie Peskar of Mayfield Heights Ohio a broker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to respond to a FINRA information request. Letter of Acceptance Waiver and Consent No. 2018059051901 (Dec. 21, 2018)….
Keith Allen Haynes Jr. of Winchester Kentucky a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not cooperate with a FINRA inquiry into his activities likely concerning the allegations cited in his termination from…
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that LPL Financial LLC, a FINRA member brokerage firm headquartered in Boston, Massachusetts, terminated broker Joe Percy Medrano for allegedly engaging in discretionary trading, and Jason Reed Nelson based on accusations of misrepresentation. Joe Percy Medrano Terminated For Exercising Discretion In Customer Accounts Joe Percy Medrano of…
Matthew Leon White of Little Rock Arizona a broker formerly employed by MML Investors Services LLC has been fined $5,000.00 by Arkansas based upon consenting to the Arkansas Securities Department’s findings that White sold away from his firm. Case No. S-18-0105 (Oct. 17, 2018). According to the Order, prior to White having become registered with…
Alfredo Caba of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Caba lied to Wells Fargo about being terminated for cause from J.P. Morgan Securities,…
Lorraine Annette Conaway (also known as Lorraine Annette Espinoza) of Tustin California a stockbroker formerly employed by USA Financial Securities Corporation has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to FINRA’s findings that Conaway engaged in undisclosed outside business activities and…
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that stockbrokers John Dimitrious Tsoukalas and Vincent Wallace are referenced in customer initiated investment related disputes pertaining to allegations of their unsuitable sales practices while they were registered with Hennion Walsh – a Financial Industry Regulatory (“FINRA”) brokerage firm headquartered in Parsippany, New Jersey. More Customers Sue…
Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that (1) Orlando made unsuitable investment recommendations to an elderly customer and…
Imran Nazir Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly employed by Lincoln Financial Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 based upon accusations that Razvi or another broker made unsuitable investment recommendations to the customer concerning…
Craig Scott Taddonio of New York New York a stockbroker formerly employed by Craig Scott Capital LLC is referenced in a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirms FINRA’s Hearing Panel’s barring of Taddonio in all capacities based upon (1) Taddonio failing to reasonably supervise the firm and (5) Taddonio failing…
Gregory Jackson Baxter of Fresno California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on November 29, 2017 based upon allegations that he engaged in outside business activities in 2017 after his requests for engaging in those activities had already been denied by the firm. Financial Industry Regulatory…
Benham Halali of San Jose California 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 based upon allegations that Halali failed to cooperate with FINRA’s inquiry into his activities. Case No. 2015047264301 (Sept. 1, 2016). FINRA Public Disclosure additionally…
Bruce Meyers of New York New York a broker formerly registered with Meyers Associates L.P. (now known as Windsor Street Capital L.P.) has been fined $20,000.00, barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity, and suspended from associating with any FINRA member for six months according to a…
Paul P. Ruane of New York New York a stockbroker formerly employed by Deutsche Bank Securities Inc. is referenced in a customer initiated investment related written complaint on June 19, 2015 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that Ruane executed transactions in a customer’s account with knowledge that the…
Vincent Joseph Storms of Saint Petersburg Florida a broker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Storms falsified information to FINRA in regard to his handling of outside business activities supervisory procedures and (2) Storms neglected to…
Mohsen Babaeian of Northridge California a stockbroker currently employed by Bankers Life Securities Inc. is the subject of a customer initiated investment related written complaint on June 27, 2018 where the customer sought $12,750.00 in damages based upon allegations that (1) Babaeian placed the customer in an Allianz Variable Indexed Linked Annuity contrary to the…
Herbert H. Hafen of New York New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hafen failed to provide a response to FINRA after an inquiry was made into his activities possibly…
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that registered representatives of Edward Jones including Bruce Stanley Jakiel, Derek Strubel, John Burton Enoch Cestia II, Leslie Greenman and Tahnee Allman have been terminated by the firm founded on Edward Jones’ allegations of their violative conduct while they were employed by the firm. Bruce Stanley Jakiel…
Frederick Michael Miller of Flint Michigan a stockbroker formerly registered with Ameriprise Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Miller failed to report to FINRA whether he complied with a settlement agreement or an arbitration award. Case No….
Louis Mark Miller of Jericho New York a stockbroker formerly employed by LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (“FINRA”) Wells Notice in which FINRA has made an initial determination to suggest that FINRA Department of Enforcement bring a disciplinary action against Miller for obstructing an investigation and making unauthorized trades…
Jack Alan Quick of New Home Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $214,180.00 in damages supported by accusations that (1) Quick made investment recommendations to the customer that were not suitable regarding variable annuities, variable life insurance,…
Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages supported by accusations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) the…
Deborah Ann Deckman (also known as Deborah Ann Capak) of Wilmington Delaware a stockbroker formerly employed by Spire Securities LLC and former investment adviser representative of Lovett Advisors LLC has been terminated by Lovett Advisors LLC on January 12, 2018 supported by accusations that Deckman engaged in misconduct with regard to investment contracts. Financial Industry…
Yosef Yehuda Fox (also known as Joseph J. Fox) of Chicago Illinois the Chief Executive Officer and Chief Compliance Officer employed by Ditto Trade Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Fox failed to pay an Arbitration Award after having been…
Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not…
David Philip Antypas of Brentwood Tennessee a stockbroker formerly registered with LPL Financial LLC is the subject of a Tennessee Department of Commerce and Insurance Securities Division disciplinary action where the regulator is seeking the denial of Antypas’ securities registration based upon accusations that (1) during the time Antypas was associated with LPL Financial LLC…
Hennion Walsh Inc. a broker dealer headquartered in Parsippany New Jersey has been censured and fined $165,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that (1) Hennion Walsh’s registered representatives made unsuitable investment recommendations concerning the switching of unit investment trusts in customers’ accounts and (2) Hennion Walsh neglected…
Kristian M. Gaudet of Cut Off Louisiana a stockbroker formerly registered with Ameritas Investment Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Gaudet failed to cooperate with a FINRA investigation into allegations of Gaudet’s misuse of customer funds during the…
Martin Kevin Walcoe of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is referenced in a customer initiated investment related written complaint on August 9, 2016 where the customer requested unspecified compensatory damages founded on accusations that unauthorized trades of equities and government-debt products had been executed in the customer’s account….
Bruce Anthony Zaro of Plymouth Massachusetts a stockbroker formerly employed by Bolton Global Capital 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 consenting to findings that Zaro signed customers’ names on account documentation without authorization to effect transactions in…
Christopher Matthew Keeler Sr. of Stamford Connecticut a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $542,000.00 in damages based upon allegations that (1) unauthorized oil and gas, mutual fund and equity trades were effected in the customer’s account (2)…
Joseph Leon Bess II of Edmond Oklahoma a stockbroker formerly registered with J.P. Morgan Securities has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bess mismarked customer’s order tickets concerning exchange traded fund purchases. Letter of Acceptance Waiver and…
Steven Wayne Vance of Newtown Pennsylvania a stockbroker currently registered with Boenning Scattergood Inc. is referenced in a customer initiated investment related complaint involving Vance’s activities that was settled on February 27, 2018 for $9,138.67 in damages based upon accusations that (1) the customer’s portfolio was allocated in unsuitable mutual fund investments given the customer’s…
Robert Ian Siegel of Boca Raton Florida a stockbroker currently registered with Southeast Investments NC Inc. is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $14,482.00 in damages based upon findings that while Siegel was associated with Southeast Investments NC Inc: (1) Siegel failed to inform the customer…
Barry Walter Wold of Edina Minnesota a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on January 5, 2018 founded on accusations that (1) Wold did not abide by the firm’s policy concerning the switching of customers’ commission-based account to fee-based accounts (2) Wold potentially falsified information about his…
James David Armer of Albuquerque New Mexico a stockbroker formerly registered with BBVA Securities Inc. is referenced in a customer initiated investment related written complaint on December 7, 2018 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while associated with BBVA Securities Inc. Armer failed to inform the customer about…
James Hal Heafner (also known as Jim Heafner) of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc and former investment adviser representative of Retirement Wealth Advisors is the subject of a customer initiated investment related arbitration claim in which the customer requested $268,015.79 in damages founded on allegations that (1) inappropriate…
James Thomas Walters II of Macon Georgia a stockbroker formerly employed by Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Walters neglected to provide a response to FINRA’s information request possibly concerning his termination from Edward Jones. FINRA Case No. 2018058353701…
Richard Barry Haynes of Columbus Georgia a stockbroker formerly registered with Securities America Inc. is referenced in a customer initiated investment related written complaint on September 13, 2018 where the customer sought $13,180.00 in damages founded on allegations that the customer’s funds had been inappropriately allocated in speculative equities investments which led the customer to…
Gary Clifford Smith of Southern Pines North Carolina a stockbroker formerly employed by H. Beck Inc. has been discharged by the firm on September 8, 2016 founded on accusations that Smith altered customer account documentation in violation of H. Beck policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Smith has been identified in…
Adriane L Cagle of Peachtree City Georgia a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Cagle altered customer account documents without authorization. Letter of…
Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and…
Joseph Bert Feldman of Virginia Beach Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated 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 consenting to findings that he misrepresented his involvement in a customer’s trust specifically…
Chad T. Mackland of Omaha Nebraska a stockbroker formerly registered with Mass Mutual has been discharged by the firm on September 4, 2018 based upon Mass Mutual’s accusations that misrepresentations had been made to customers by Mackland in regard to the terms and conditions of traditional life insurance policies which had been sold by Mackland…
Abed William Lulu of Melville New York a stockbroker formerly employed by Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Lulu failed to provide information to FINRA that had been requested of him. Case No. 2017055568801 (May 7, 2018)….
Lane Robert Goldstein of Beverly Hills California a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which sought $240,000 in damages but which was resolved for $35,000.00 based upon accusations that between 2007 and 2016: (1) inappropriate investments were placed in the customer’s account (2)…
Gregory Scott Taylor of Dallas Texas a stockbroker formerly employed by Morgan Stanley Smith Barney has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Order Accepting Offer of Settlement containing findings that Taylor: (1) failed to disclose information about being a beneficiary,…
Sanjay Mathur of Newport Beach California a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint on August 3, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that between July 12, 2016 and August 2, 2017: (1) Mathur placed the…
Christopher Vincent Paul of Mineola New York a stockbroker formerly registered with Joseph Stone Capital L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Paul failed to comply with FINRA’s request for information potentially relating to Paul’s employment separations after being subject of…
Douglas Albert Pastor of Davison Michigan a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 7, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between April 13, 2010 and December 16, 2016, Pastor charged the…
Raleigh Edward Kraft of Front Royal Virginia a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been suspended for two years from all supervisory capacities in the state of Nevada according to an Administrative Consent Order issued by the Nevada Secretary of State containing findings that Kraft had been subject of several…
Larry Phillip Vogel of Pittsford New York a stockbroker formerly employed by IFS Securities, Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Vogel neglected to provide FINRA with information about his business activities possibly relating to allegations cited within Vogel’s discharge from…
Robert L. Friederich of Lake Zurich Illinois a stockbroker formerly registered with Edward Jones is the subject of a customer initiated investment related complaint which was settled on September 22, 2017 for $18,827.28 in damages founded on allegations that Friederich made inappropriate investment recommendations concerning the customer’s sale of mutual funds and purchase of single…
Jason Hallmark of Los Angeles California fileda customer initiated investment related arbitration claim against John David Rukenbrod of Cleveland Ohio a stockbroker formerly employed by Financial America Securities Inc. where Hallmark sought $337,500.00 in damages because Rukenbrod caused the “unauthorized and allegedly fraudent transfer of 450,000 common stock shares in AMARU, Inc.,” a Chinese Penny…
Andrew Scott Jensen of Atlanta Georgia a stockbroker formerly employed by Hornor Townsend Kent Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Jensen neglected to provide information to FINRA after it was formally requested of him by the regulator. Case No. 2016049110601…
Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by DesPain Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Weiser failed to cooperate with FINRA’s investigation into accusations of hm selling promissory notes and securities interests away from…
Sherry Dee Johnson (also known as Sherry D. Sandwick) of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on September 22, 2016 where the customer sought $16,093.40 in damages founded on allegations that Johnson’s existing annuity was surrendered and transitioned into…
Donald Joseph Coleman of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Coleman obstructed a FINRA inquiry into his activities which possibly concerned his termination from Citigroup Global…
William Frank Welsh of Williamsville New York a stockbroker currently employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on November 14, 2016 where the customer requested damages estimated to exceed $5,000.00 founded on accusations that Welsh was placed into an indexed annuity that was not suitable for…
David Lane Gabay of Tarrytown New York a stockbroker currently employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on September 12, 2018 in which the customer sought $52,500.00 in damages based upon accusations that Gabay was placed into a variable annuity that was not suitable for the customer…
Jeffrey Duane Jacobson of Minneapolis Minnesota a stockbroker formerly employed by Dougherty Company LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jacobson failed to supervise a registered representative that executed unsuitable investment transactions in a customer’s investment…
Luis Currais Lopez of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $65,000.00 in damages supported by accusations that (1) fiduciary duties were breached (2) the customer was falsely induced into inaction upon discovering volatility in the customer’s…
Mark Isidore Lamendola of Cranberry Township Pennsylvania a stockbroker formerly registered with World Capital Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Lamendola made misrepresentations to a customer and falsified documents pertaining to a customer’s annuity purchase and…
Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $2,600,000.00 in damages founded on allegations that (1) misrepresentations and omissions had been made to the customer concerning investments (2) real estate security and direct…
Paul Dennis Benish of Janesville Wisconsin a stockbroker formerly employed by BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related complaint on September 23, 2016 where the customer sought $44,000.00 in damages based upon allegations that (1) the terms and conditions of a variable annuity investment sold to the customer had…
James Francis Lowe of New York New York a stockbroker and supervisor currently registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages founded on accusations that Lowe failed to supervise one of the firm’s financial advisors servicing the customer’s account who…
Johnathon Leland Cope of Canton Georgia a stockbroker formerly registered with Invest Financial Corporation is referenced in a customer initiated investment related complaint on February 19, 2016 in which the customer sought $8,015.32 in damages supported by allegations that Cope effected the sale of a mutual fund in the customer’s account without procuring the customer’s…
NTB Financial Corporation of Centennial Colorado has been censured and fined $45,000.00 by Financial Industry Regulatory Authority (FINRA) supported by allegations that the firm overcharged customers on corporate bond transactions. Letter of Acceptance Waiver and Consent No. 2015047738901 (Dec. 10, 2018). Letter of Acceptance Waiver and Consent No. 2015047738901 (Dec. 10, 2018). According to the…
Gary T. Plessl of Allentown Pennsylvania a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim on February 28, 2017 where the customer sought $250,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning the customer’s investments in variable annuities and…
Cantone Research Inc. a FINRA member brokerage firm headquartered in Tinton Falls New Jersey and its president Anthony Joseph Cantone have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to a National Adjudicatory Council Decision containing findings that (1) the firm and Cantone made misrepresentations concerning securities sold through private placements (2) the firm…
Donald Logan of Silverdale Washington a stockbroker formerly employed by Edward Jones has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon consenting to findings that Logan effected unauthorized trades in customer accounts and caused customers to sign incomplete…
Gregory Allen Zale of Mesa Arizona a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Zale failed to provide FINRA with information requested of him. Case No. 2016050228801 (Mar. 17, 2017). According to FINRA Public Disclosure,…
Richard William Schloss of Canton Ohio a stockbroker formerly employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was settled to resolve allegations that Schloss inappropriately placed the customer’s assets in a variable annuity which exposed the customer to unnecessary surrender penalties and illiquidity. Financial…
Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts…
Craig Robert Kowitt of Libertyville Illinois a stockbroker formerly registered with BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested as much as $70,000.00 in damages supported by allegations that Kowitt breached his contractual obligations to the customer and violated regulatory rules and securities…
James Wayne Brink of Stockton California a prior broker of NYLife Securities LLC has been discharged by the firm on December 29, 2016 founded on accusations that (1) Brink engaged in outside business activities without having procured the firm’s permission and (2) Brink violated the firm’s policy by engaging in activities when Brink took possession…
Charles Gonzalez of New York New York a stockbroker formerly employed by Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and falsified testimony to FINRA personnel in the course of…
Ahmet Kildis of Hudson Florida a stockbroker formerly registered with SunTrust Investment Services Inc. has been discharged by the firm on March 13, 2018 based upon accusations that Kildis modified a customer’s signed documentation in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kildis has been identified in two…
Grant P. Talbert of Lexington Kentucky a stockbroker formerly registered with NYLife Securities LLC has been fined $15,000.00 and suspended for sixteen months from being an investment adviser representative, investment adviser, agent or broker-dealer in the State of Kentucky based upon findings that (1) Talbert and an investment adviser entered into a solicitor relationship without…
Samuel Kent Van Allen of Westport Connecticut a stockbroker formerly registered with Westport Resources Investment Services Inc. has been terminated by the firm on March 23, 2017 during the time that Westport Resources Investment Services investigated Van Allen for utilizing confidential customer information in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public…
Gregory Joseph Rusnak of St. Charles Illinois a stockbroker formerly registered with Sigma Financial Corporation has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rusnak executed unauthorized trades in the accounts of Sigma Financial Corporation customers. Letter of Acceptance…
Sebastian George Bongiovanni of Staten Island a stockbroker currently employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $91,000.00 in damages supported by accusations that (1) investment recommendations made to the customer were not suitable (2) unauthorized trades were executed in the customer’s account (3)…
Brian Joseph Mulkeen of Monroe New York a stockbroker currently registered with TFS Securities Inc. is the subject of a Consent Order issued by Massachusetts Securities Division which required that he be placed on heightened supervision at TFS Securities Inc. as a condition of registering with the state based upon findings that Mulkeen was subject…
Suresh Basnet of Southfield Michigan a stockbroker formerly employed by Voya Financial Advisors has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Basnet engaged in private securities transactions while associated with CoreCap Investments Inc. Letter of Acceptance Waiver and…
James Christopher Ward of Fort Meyers Florida a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to honor FINRA’s requests for information. Case No. 2018058038201 (Sept. 4, 2018). FINRA reportedly lodged an…
Aaron Lupuloff of Atlanta Georgia a stockbroker formerly registered with Sterne Agee Leach Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $5,005,000.00 in damages based upon allegations that the customer was defrauded by being sold taxable revenue bonds. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02134 (Aug….
Kai Chong Cheng of New York New York a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. and investment adviser representative and president of Affinity Capital Management LLC has been fined $10,000.00 and suspended for five years from registering as an investment advisor according to a New Jersey Bureau of Securities Administrative Consent…
Steven Eugene Bonner of Campbell California a stockbroker formerly employed by Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bonner neglected to comply with FINRA’s information requests. Case No. 2017052748201 (July 14, 2017). Evidently, FINRA made attempts at procuring information…
Kenneth A. Rubin of Danbury Connecticut a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $12,500.00 in damages founded on accusations that Rubin made unsuitable options recommendations to the customer. FINRA Arbitration No. 16-03278 (Apr. 19, 2017). Financial Industry Regulatory Authority (FINRA)…
Frank Fornshell Venable II of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Venable placed unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent No….
Michael Patrick Nanto of Del Mar California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Nanto failed to comply with FINRA during an inquiry into Nanto’s activities. Case No. 2017054342001 (May 24, 2018). According…
Scott Thomas Schultz of Okemos Michigan a stockbroker formerly registered with Calton Associates Inc. has been fined $10,000.00 by the Michigan Department of Licensing and Regulatory Affairs Corporations Securities and Commercial Licensing Bureau according to an Order based on accusations that Schultz engaged in investment advisory services in the state on behalf of Scott Schultz…
Scott Mass of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages based upon accusations that (1) contractual obligations were breached (2) the customer’s account was handled negligently (3) fiduciary duties had been…
Gary Lyle Pevey of Sacramento California a stockbroker formerly registered with Mutual Services Inc. has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No….
CFD Investments Inc. a brokerage firm headquartered in Kokomo Indiana has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise variable annuity recommendations and exchanges made by CFD Investments Inc. brokers. Letter of Acceptance Waiver and Consent No. 2016048224201 (Jan. 10,…
Douglas Anthony Rabess of New Windsor Connecticut 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 accusations that Rabess failed to comply with FINRA’s inquiries about his activities. Case No. 2016050595002 (Sept. 5, 2017). According to FINRA Public…
Tami Susan Balas of Montoursville Pennsylvania a stockbroker formerly registered with SCF Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Balas did not respond to a FINRA inquiry. Case No. 2017056821201 (Nov. 19, 2018). FINRA Public Disclosure reveals that Balas initially…
Dennis Allen Hayes of Melville New York a stockbroker formerly registered with Newbridge Securities Corporation has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Hayes sold away from Newbridge Securities Corporation (2) Hayes failed to document his communications with the firm regarding his activities and (3)…
Julie Ann Smith of Durham North Carolina a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint which was resolved on November 16, 2018 for $115,966.29 in damages supported by allegations that Smith utilized an unsuitable market-timing investment strategy involving non-traditional investments which included (1) derivatives…
Marilyn Ruth Zehntner of Forth Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages founded on allegations that fiduciary duties owed to the customer had been breached; trades effected in the customer’s account were not…
Merrill Lynch Pierce Fenner Smith Inc. a brokerage firm headquartered in New York New York has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise a registered representative who defrauded a customer of the firm. Letter of Acceptance Waiver and Consent…
Nicola Ottavio Caporaso of Melville New York a stockbroker formerly registered with MML Investors is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on January 26, 2018 supported by allegations that (1) Caporaso inappropriately advised customers to surrender their annuity investments and use the proceeds for managed account investments…
John Jeffrey Clay of Washington District of Columbia a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on January 25, 2017 in which the customer sought unspecified damages based upon allegations that the customer was inappropriately sold a variable annuity investment in July of 2016….
Morgan Stanley Smith Barney LLC a brokerage firm headquartered in New York New York has been censured and fined $10,000,000.00 by Financial Industry Regulatory Authority (FINRA) based in part upon the firm’s consent to findings that it failed to supervise its penny stock sales to ensure compliance with federal securities law. Letter of Acceptance Waiver…
James Aloysius Conwell II of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $155,000.00 in damages based upon allegations that (1) misrepresentations and omissions were made to the customer concerning private placement stocks and (2) no sufficient…
Paul Steven Wishingrad of Beverly Hills California a stockbroker formerly employed by UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No….
Robert James Wodicker of Arnold Missouri a stockbroker formerly registered with LPL Financial LLC has been fined $80,000.00 and barred from registering as an investment adviser representative or broker-dealer agent in Missouri according to a Final Order to Cease and Desist and Order Awarding Civil Penalties Cost and Other Administrative Relief based on findings that…
Harold Steve Jones Jr. of New York New York a stockbroker formerly employed by Windsor Street Capital is referenced in a customer initiated investment related civil action brought in the Pine County District Court in which the customer sought $171,851.00 in damages founded on allegations that Jones engaged in sales practice violations or other unlawful…
Scott Alexander Markle of Anchorage Alaska a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Markle failed to comply with FINRA’s information request. Case No. 2017055286001 (Jan. 12, 2018). FINRA Public Disclosure confirms that FINRA…
Glenn Eugene Kendall of Tinley Park Illinois a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related written complaint on August 4, 2016 where the customer requested $40,000.00 in damages based upon allegations that between 2015 and 2016: (1) Kendall excessively traded over-the-counter equities and stocks in the…
CSSC Brokerage Services Inc. a brokerage firm headquartered in Troy Michigan has been fined $120,000.00 and suspended by Financial Industry Regulatory Authority (FINRA) for one year from engaging in private securities offerings, and Eric S. Smith (chief executive officer and owner of CSSC) has been barred from associating with any FINRA member in any capacity…
Izhar Shefer of Aventura Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages founded on accusations that Shefer engaged in unsuitable trading of options and equities in the customer’s managed account between 2011 and 2017. Financial Industry Regulatory…
Veronica Lopez-Lopez (also known as Rosa Veronica Lopez-Lopez) of Miami Florida a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on October 16, 2016 where the customer requested unspecified damages based upon allegations that Lopez-Lopez effected inappropriate exchange traded funds and corporate debt transactions in the customer’s…
Paul Edward Dorion of Killington Vermont a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Dorion failed to respond to FINRA’s inquiry. FINRA Case No. 2015047608601 (Oct. 31, 2016). According to FINRA Public Disclosure, a request…
Jerry Michael Rayburn of Lake Grove New York a stockbroker currently registered with J.P. Morgan Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $74,927.40 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning the customer’s investments in mutual funds…
Laura Anne Parker of Austin Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged from the firm on September 23, 2016 supported by accusations that she neglected to inform her firm about an outside business activity that she had engaged in while associated with the firm. Financial Industry Regulatory…
Patrick Thomas Golden of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $15,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Golden engaged in private securities (2) Golden engaged in…
Ralph Richard Von Lutzow of Sarasota Florida a stockbroker formerly registered with Oberweis Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Von Lutzow engaged in private securities transactions involving customers of the firm (2) Von Lutzow accepted customer…
Lisa Dawn Peake of Vancouver Washington a stockbroker formerly employed by Edward Jones has been discharged on December 12, 2016 supported by Edward Jones’ accusations that Peake consistently failed to abide by the firm’s policies and allowed an unregistered person to engaged in sales activities with customers of the firm. Financial Industry Regulatory Authority (FINRA)…
Marie P. Goforth of San Antonio Texas a stockbroker formerly employed by LPL Financial LLC has been suspended by the Texas State Securities Commissioner from engaging in securities business in the State of Texas according to findings that Goforth maintained blank forms signed by customers and reused customer signatures to effect securities transactions. Acceptance Waiver…
Dennis Changseop Lee of Middle Villages New York a stockbroker formerly employed by AXA Advisors LLC has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customers’ order tickets and failed to disclose his discretionary…
Matthew Stanley Sinclair of Elmsford New York a stockbroker currently registered with MML Investors Services LLC has been fined by State of New York Department of Financial Services supported by accusations that Sinclair gave a customer life insurance documentation containing false information. Case No. 2017-0056-S (May 19, 2017). Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Peter Thomas Waldron of San Francisco California a stockbroker currently employed by Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related written complaint on August 15, 2018 where the customer requested damages estimated to exceed $5,000.00 based upon allegations that Waldron failed to provide the customer with correct information regarding financial…
Andrew Keith Jordan of Montgomery Alabama a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $21,000.00 on January 11, 2018 supported by accusations that Jordan placed the customer in an equity indexed annuity on August 8, 2016 that was inappropriate…
William Richard Berkowitz of Pittsburg Pennsylvania a stockbroker currently registered with BPU Investment Management Inc. is the subject of a customer initiated investment related written complaint on January 9, 2017 where the customer sought $6,100.00 in damages based upon accusations that (1) Berkowitz executed the liquidation of the customer’s accounts without the customer’s permission and…
Scott Edward Burns of Monroe Michigan a stockbroker formerly registered with LPL Financial LLC has been discharged on August 14, 2018 based upon the firm’s accusations that Burns committed a violation of LPL Financial LLC’s policy by way of engaging in unapproved outside business activities during the time that he was employed with the firm….
Liju Varghese (also known as Joe Varghese) of Howard Beach New York a broker formerly registered with Pruco Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Varghese failed to cooperate with FINRA personnel’s investigation of his possible unauthorized trading in…
Jorge A. Reyes of Miami Florida a stockbroker formerly registered with CP Capital Securities has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that between May of 2013 and August of 2016, Reyes (1) utilized misleading materials to market private placements (2) advised a customer to purchase a private placement that…
Carlos Aurelio Alvarado of Houston Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on November 8, 2018 where the customer sought unspecified damages supported by accusations that between 2005 and 2018, Alvarado executed corporate debt transactions in the customer’s account that were not suitable for…
Wayne Frederick Stutzer of Scottsdale Arizona a stockbroker formerly registered with RBC Capital Markets LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Stutzer failed to respond to FINRA’s inquiry in regard to his activities. Case No. 2018059300001 (Nov. 5, 2018). According to…
John Richard Henderson of Sarasota Florida a stockbroker formerly currently with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on September 6, 2016 where the customer requested unspecified damages founded on allegations that unauthorized over-the-counter equities trades were effected in the customer’s account. Financial Industry Regulatory Authority…
Seth Andrew Nannini of Charlotte North Carolina a stockbroker currently registered with Capital Investment Group 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 consenting to findings that Nannini engaged in https://securitiesarbitrations.com//selling-away/unauthorized private securities transactions. Letter of Acceptance Waiver and…
Steven Douglas Schisler of Grass Valley California a stockbroker currently registered with IFS Securities is referenced in a civil action brought in the Nevada County Superior Court of Nevada City California where the plaintiff sought restitution based upon allegations that while Schisler was associated with IFS Securities Inc. (1) fiduciary duties owed to the plaintiff…
John Mark Johnston of Broken Arrow Oklahoma a stockbroker formerly employed by BOK Financial Securities Inc. has been referenced in a customer initiated investment related complaint involving where the customer sought $120,000.00 in damages founded on accusations that Johnston deceived customers in the course of selling them corporate debt investments and direct participation program or…
Ronald Jason Payne of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged by the firm on November 16, 2018 based upon accusations that (1) Payne neglected to abide by Voya Financial Advisors Inc. know your customer rules when establishing new customer accounts at the firm and (2) Payne…
David John Strnad of Nashville Tennessee a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been issued a Financial Industry Regulatory Authority (FINRA) Wells Notice revealing that FINRA concluded that it should pursue a disciplinary action against Strnad founded on accusations that Strnad violated FINRA Rule 2010 by effecting trades in a customer’s…
Juan Carlos Uribe of Houston Texas a stockbroker formerly employed by Wells Fargo Clearing Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Uribe failed to provide information to FINRA personnel that was requested of him. FINRA Case No. 2018059719801 (Nov. 19, 2018)….
Teresita Santos of Cerritos California a broker formerly employed by Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to cooperate with an inquiry from FINRA in regard to her activities in the securities industry. Case No. 2016051967801…
Kenneth Allan Franklin of Aliso Viejo California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested $8,008.62 in damages based upon accusations that Franklin misrepresented the liquidity of the customer’s real estate investment trust holdings. Financial Industry Regulatory Authority (FINRA)…
Alain J. Florestan of New York New York a stockbroker formerly registered with Caldwell International 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 (1) Florestan made unsuitable investment recommendations to customers and (2) Florestan failed to cooperate in…
Frank Blaise Anthony Restifo Jr. of Willoughby Hills Ohio a stockbroker formerly employed by The Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Restifo failed to comply with FINRA’s request for information. Case No. 2017053647201 (Sept. 25, 2017). FINRA Public…
Brad Roger Nettune of Summit New Jersey a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $6,000,000.00 in damages based upon accusations that (1) the customer’s account was churned and (2) unsuitable over-the-counter equities recommendations were made…
Donald Marshall Cox a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related civil action in which the customer sought $2,000,000.00 in damages based upon allegations that between April of 2011 and November of 2015: (1) the customer’s funds were converted (2) the customer’s signature had been forged…
Mark Andrew Tudor of Lake Mary Florida a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm on October 23, 2018 supported by accusations that Tudor steered customers towards making investments away from Raymond James and failed to be forthcoming with the firm when questioned about his activities. Financial…
Jose Giraldo also known as Tomas Giraldo a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to supply FINRA with information that FINRA requested from him. Case No. 2018058059201 (Aug. 27, 2018)….
Jon Morin of New York New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related written complaint on February 21, 2017 where the customer requested $15,000.00 in damages based upon accusations that unauthorized over-the-counter equities trades were executed in the customer’s equity account. Financial Industry Regulatory…
Paul Frank Mauceli Jr. the President and Chief Compliance Officer for Reef Securities 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 based upon consenting to findings that Mauceli failed to inform customers about their right to rescind their investments in…
Adam Michael Lopez of Springfield Illinois a stockbroker formerly registered with Country Capital Management Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations of Lopez committing fraud. Letter of Acceptance…
Peter Chris Marketos of Paramus New Jersey a stockbroker formerly employed by Oppenheimer Co Inc. and Raymond James Associates Inc. has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Marketos made unsuitable investment recommendations to…
Roberto Omar Bastardo of Jupiter Florida a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Bastardo failed to respond to a FINRA inquiry which may have concerned Bastardo’s discharge from Wells Fargo Advisors LLC. FINRA…
Cetera Advisor Networks LLC a brokerage firm headquartered in El Segundo California has been censured and fined $700,000.00 founded on allegations that the firm neglected to supervise a registered representative who made unsuitable trades and mutual fund switches in customer accounts. Letter of Acceptance Waiver and Consent No. 2014040951702 (Dec. 19, 2018). According to the…
Scott Allen Edwards of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which customers were awarded $13,652.29 in compensatory damages based on Edwards having been found liable on the customers’ claims that (1) Edwards negligently transacted in the customers’ accounts…
Richard Allen Grenda of Downers Grove Illinois a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $74,253.55 in damages based upon accusations that misrepresentations had been made to the customer about the terms and conditions of a variable annuity purchased…
Linda Almeida Jay of East Brunswick New Jersey a securities principal of Pruco Securities LLC has been terminated on October 30, 2018 based upon accusations that Jay submitted documents to effect a purchase of an annuity for a prospective customer who never applied for it. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that…
Michael C. Rodriguez of Dallas Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been named in a customer initiated investment related arbitration claim which settled for $475,000.00 in damages based upon accusations that Merrill Lynch or Rodriguez failed to supervise unit investment trust transactions that were placed in the customer’s…
Nicholas Randolph Radke Jr. of Irvine California a stockbroker formerly employed by American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with documentation and information in an investigation into accusations of Radke…
Timothy Joseph Trott of Erie Pennsylvania a stockbroker formerly employed by UBS Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer sought $170,000.00 in damages supported by accusations that Trott executed a highly risky investment strategy for the customer’s investment account and placed the customer in unsuitable…
Christopher Thomas Hildebrandt of Cape May Court House New Jersey a stockbroker formerly registered with Principal Securities Inc. has been discharged by the firm on October 30, 2018 based upon accusations that (1) Hildebrandt effected unauthorized transactions in a customer’s account and (2) Hildebrandt misappropriated funds from a trust account. Financial Industry Regulatory Authority (FINRA)…
Brenda Kay Rafferty (also known as Brenda O’Neal) of San Diego California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $40,000.00 in damages supported by accusations against Rafferty of negligence pertaining to the distribution of the customer’s individual retirement account. Financial…
Brett Andrew Laferrera of Birmingham Alabama a stockbroker formerly registered with VALIC Financial Advisors Inc. has been terminated from the firm on January 4, 2016 while under VALIC’s internal investigation for possible sales practice violations and violations of the firm’s code of conduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Laferrera has been…
James Edward Armstrong Sr. and his son James Edward Armstrong Jr. both of Wake Forest North Carolina and stockbrokers formerly registered with Royal Alliance Associates Inc. were fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that they failed to adequately supervise a…
James Alan Hawryliak of Rochester New York a stockbroker formerly employed by Lifemark Securities Corp. is referenced in a customer initiated investment related written complaint on March 16, 2017 where the customer sought $28,000.00 in damages based upon allegations that omissions had been made concerning the tax consequences pertaining to the customer’s investment transactions which…
Kevin Keith Carriere of Glastonbury Connecticut a stockbroker formerly employed by MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $148,488.90 on May 22, 2017 founded on accusations that Carriere made misrepresentations to the customer in regard to the terms and conditions of a variable annuity…
Kyle Patrick Harrington of San Diego California a stockbroker formerly employed by National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Extended Hearing Panel’s findings that (1) Harrington converted a customer’s funds (2) Harrington tried to hide that he stole funds…
Daniel Stephen Snodgrass of Cherry Hill New Jersey a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on September 26, 2016 based upon accusations that Snodgrass violated multiple policies of UBS Financial Services by failing to undertake the required due diligence process in reference to the establishment of a…
Lance Allen Lohr of Cincinnati Ohio a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $1,910,188.00 in damages supported by accusations of the failure to follow the customer’s instructions from December 2016 in regard to common and preferred stock…
James H. Im of New York New York a stockbroker formerly registered with Nomura Securities International Inc. has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Im engaged in securities fraud in regard to the purchases and sales of mortgage backed securities. Securities and Exchange Commission v. James H. Im…
William Michael Quigley of Woodbury New York a former Director of Compliance of Trident Partners Ltd. has been barred from acting as an investment adviser or broker or otherwise associating with firms advising the public or selling securities according to a Securities and Exchange Commission (SEC) Order containing findings that Quigley engaged in a fraudulent…
Susan E. Regan (also known as Susan Marie Eustace) of Westfield New Jersey a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $140,000.00 in damages founded on allegations that (1) misrepresentations and omissions were made in regard to…
Yuhong Zhou of Radnor Pennsylvania a former Transamerica Financial Advisors Inc. broker has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Zhou failed to provide FINRA with information in regard to his business activities. Case No. 2018056902801 (June 11, 2018). FINRA Public Disclosure reveals…
Larry Demar Boggs of Cumberland Maryland a stockbroker currently employed by Wells Fargo Advisors is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages founded on accusations that the customer’s investable assets were allocated in a municipal bond portfolio that was in no way suitable for the customer….
Francine Louise Foerst of Goshen New York a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related written complaint on March 6, 2017 in which the customer sought $27,000.00 in damages supported by accusations that the customer was placed in inappropriate stock positions between January of 2015…
Steven Douglas Wood of Warren New Jersey a stockbroker formerly employed by UBS Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to pay a $301,432.00 Arbitration Award after being found liable for defrauding a customer. FINRA…
John Francis Femiano of Holmdel New Jersey a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 supported by allegations that between January 31, 2017 and November 17, 2017, Femiano failed to abide by the customer’s instructions of…
Christopher C. Hellman of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hellman failed to cooperate with FINRA personnel in an investigation into Hellman’s alleged private securities…
Calvin Georges Zara of Ojai California a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on March 6, 2017 supported by allegations that (1) Zara engaged in outside business activities that had not been approved by Pruco Securities LLC (2) Zara neglected to complete the appropriate suitability forms for customers…
Michael Dennis Jackson of University Place Washington a stockbroker formerly registered with Securities America 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 based upon consenting to findings that (1) Jackson engaged in selling away (2) Jackson effected unauthorized trades in…
Elizabeth Ann Thompson of Gloucester Massachusetts a stockbroker formerly employed by Citizens Securities Inc. has been discharged on September 24, 2018 founded on accusations that Thompson maintained signed blank forms from customers to effect securities transactions. This is not the first time that Thompson has been terminated from a FINRA member brokerage firm based upon…
Edward William Wedbush of New York New York the President and Chairman of Wedbush Inc. (the parent company of Wedbush Securities Inc.) and registered representative of Wedbush Securities Inc. and Lime Brokerage LLC has been named in a Financial Industry Regulatory Authority (FINRA) Wells Notice in which FINRA made an initial decision to advise that…
Ronald Richard Blasczyk of Manitowoc Wisconsin a stockbroker currently registered with Wells Fargo Clearing Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he made unsuitable recommendations for a customer to purchase a variable annuity, and then lied to his firm in regard to his business activities. Department…
Robert Lee Basile of Corona California, a stockbroker formerly employed by Waddell Reed Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he stole the funds belonging to a Waddell Reed customer, whom just happened to be his own elderly mother,…
Kevin Richard Wilson of New York New York a stockbroker formerly employed by Laidlaw & Company (UK) Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $2,000,000.00 in damages supported by accusations that between 2010 and 2017, private placements sold to the customer were not appropriate. Financial Industry Regulatory…
Spencer Edwards Inc. a brokerage firm headquartered in Centennial Colorado has been censured and fined $495,000.00 and suspended from conducting securities business for forty-five days by Financial Industry Regulatory Authority (FINRA) according to an Extended Hearing Panel Decision containing findings that (1) the firm made unsuitable investment recommendations to customers concerning private placement investments (2)…
Miguel Angel Aguilar of Forth Worth Texas a broker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Aguilar declined to answer an inquiry from FINRA in regard to his possible misconduct. Case No. 2016051130501 (Apr. 26,…
Mitchell Allen Kurtz of Roslyn Heights New York a stockbroker formerly employed by Henley Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations that Kurtz violated Securities and Exchange Commission (SEC) and FINRA…
Noel Carino of North Kansas City Missouri a stockbroker formerly employed by General Securities Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into accusations of (1) Carino engaging in unapproved outside business activities…
Michael Andrew Norman of Reno Nevada a former NYLife Securities LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Norman failed to cooperate with FINRA in an investigation into allegations of him engaging in an unapproved customer loan arrangement….
Sandlapper Securities LLC a broker dealer headquartered in Greenville South Carolina and Trevor Gordon (its majority owner and Chief Executive Officer) and Jack Bixler (its Chief Executive Officer) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that (1) Sandlapper Securities…
Garry Charles Hill Jr. of Birmingham Alabama a stockbroker currently registered with Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) a variable annuity transaction was executed in violation of FINRA Rules (2) transactions were effected in the…
Tony Alan Tolene of Mechanicsburg Pennsylvania a stockbroker formerly employed by LPL Financial LLC has been fined $4,000.00 and suspended for forty-five days from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customer order tickets as being unsolicited when they were solicited. Letter…
Mark Joseph Flanagan of Highland Park Illinois 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 consenting to findings that Flanagan obstructed a FINRA investigation into his alleged unauthorized and unsuitable transactions. Letter of Acceptance Waiver and…
William Joseph Dumchus of Westfield New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related arbitration claim where the customer requested at least $350,000.00 in damages supported by accusations that between 2006 and 2017, Dumchus placed the customer in an inappropriate stock-based investment strategy. Financial…
Gary Kahn Stern of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 24, 2018 where the customer requested unspecified damages based upon accusations that between August 14, 2017 and October 24, 2018, the customer’s investment…
Cesar Omar Rodriguez of Bloomingdale Illinois a branch office manager formerly employed by Avenir Financial Group has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Rodriguez failed to fully pay an arbitration award to a customer. Case No. 15-02744 (Oct. 23, 2018). FINRA Public…
John Martin Kelley Jr. of Northfield New Jersey a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on October 12, 2018 in which the customer sought damages estimated to exceed $5,000.00 in damages based in part on accusations that unauthorized stock trades were effected in the…
Sean Joseph Kelly of Marietta Georgia a stockbroker formerly registered with Center Street Securities Inc. and the Chief Executive Officer of Lion’s Share Financial has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Kelly defrauded twelve investors who provided him money through Lion’s Share to invest in alternative investments. Securities…
Martin Thomas Jones of New York New York a stockbroker formerly employed by Goldman Sachs Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to provide information to FINRA personnel that was requested of him. Case No. 2015048052901 (Apr. 10, 2017)….
Sanford Michael Katz of San Francisco California a stockbroker formerly registered with Credit Suisse Securities (USA) LLC has been censured and fined $850,000.00 by Securities and Exchange Commission (SEC) according to an Order instituting Administrative and Cease and Desist Proceedings Making Findings and Imposing Remedial Sanctions in which Katz was found to have breached his…
Frank David Sardano of Toms River New Jersey a stockbroker formerly employed by Morgan Stanley Wealth Management has been terminated by the firm on October 1, 2018 founded on accusations that Sardano exercised discretion in the accounts of Morgan Stanley customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on June 3, 2005, a…
The Financial Industry Regulatory Authority released its 2018 Examination Report, showing the areas in which the regulator has taken some form of enforcement action against brokerage firms to prevent them from taking advantage of their customers, and to “better protect investors and maintain the integrity of the markets.” The Recommendation of Unsuitable Investments First, on…
Michael Vincent Foley of Upper Arlington Ohio a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which settled for $28,642.26 in damages founded on accusations that between March of 2010 and June of 2016: (1) misrepresentations were made to the customer concerning mutual…
Philip Jay Patlis of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Patlis falsely represented that transactions executed in customer accounts were not solicited. Letter of…
Richard Anthony Rodriguez Jr, of Fruitland Park Florida a stockbroker currently employed by Concorde Investment Services LLC is the subject of a customer initiated investment related complaint in which the customer requested $200,000.00 in damages supported by allegations that Rodriguez failed to inform the customer about the risks and features of non-traded real estate investment…
Robert Luis Maldonado of Guaynabo Puerto Rico a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on allegations of (1) violations of securities laws (2) breach of contract (3) supervisory failures (4) negligence (5) breach of fiduciary duty…
Richard Aloysius Juracka of New York New York a stockbroker currently registered with Morgan Stanley has been fined $50,00.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent…
Joseph Edward Disanza of Massapequa New York a stockbroker currently employed by NBC Securities Inc. is the subject of a customer initiated investment related complaint on June 19, 2017 in which the customer sought $25,000.00 in damages founded on accusations that Disanza placed the customer in unsuitable stock and real estate investment trust products which…
Ross Allen Stein of New York New York a stockbroker currently employed by Wells Fargo Clearing Services is referenced in a customer initiated investment related arbitration claim which settled for $32,500.00 in damages based upon accusations that Stein placed municipal debt purchases in the customer’s account that were not suitable for the customer. FINRA Arbitration…
James King of Winston-Salem North Carolina a stockbroker currently registered with Commonwealth Financial Network is the subject of a customer initiated investment related arbitration claim where the customer sought $470,000.00 in damages supported by allegations of (1) false or misleading statements being made to the customer regarding the returns on mutual fund investments and (2)…
Walter James Keating of Indian Wells California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint on April 25, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that (1) Keating omitted information from the customer in regard to the customer’s…
William Lynn Bynum of Trenton Michigan a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 28, 2017 in which the customer sought $66,960.73 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning a variable universal life…
Brent Gordon Thompson of Franklin Tennessee a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $300,000.00 in damages founded on accusations that between 1995 and 2015: (1) the customer was subject to elder abuse (2) fiduciary duties owed to the customer…
William James Rossi III of Gainesville Florida a stockbroker currently employed by Valmark Securities Inc. and investment advisor representative of Koss Olinger Consulting is referenced in a customer initiated investment related civil action brought in the Eighth Judicial Circuit Court of Alachua Florida in which the customer sought $400,000.00 in damages supported by accusations of…
Donna Jean Chism of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. has been fined $2,500.00 and sanctioned by Oklahoma Department of Securities based upon Chism consenting to the Department’s findings that Chism engaged in unauthorized transactions in customer accounts. Case No. 17-055 (Apr. 3, 2017). Oklahoma Department of Securities alleged that Chism…
James M. Honaker of Amherst New York a stockbroker formerly registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $11,316.00 in compensatory damages based upon Honaker having been found liable on the customer’s claims that (1) Honaker executed transactions in the…
Joel Thomas Summerlin of Tampa Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint which was resolved for $75,000.00 on March 1, 2018 supported by allegations that between June of 2010 and April of 2017: (1) Summerlin made investment recommendations to the…
John Huey Neely of Edmond Oklahoma a stockbroker formerly employed by Berthel Fisher Company Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Neely’s consent to findings that he executed unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent…
David Thomas Pawloski of Princeton New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on October 25, 2017 supported by allegations that between February of 2017 and April of 2017: (1) unauthorized transactions were placed in the customer’s account…
Douglas Hammond Freebern of Bartow Florida a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled on September 14, 2017 to resolve accusations that Freebern placed the customer in a structured product without the customers consent. Financial Industry Regulatory Authority (FINRA) Public…
Carol Ann Holesha of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Holesha borrowed money from a customer without the firm’s permission and (2)…
Eric Grant Demarcus of Sunnyvale California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint on July 17, 2015 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that unit investment trust transactions executed in the customer’s account were not suitable…
Cheryl Ann Stallings of Amarillo Texas a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Stallings violated the firms supervisory procedures and systems (2) Stallings impermissibly utilized the funds of an LPL Financial…
William Andrew Doran of Johnston South Carolina a stockbroker currently registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $15,916.72 on June 29, 2017 based upon allegations that Doran forged the customers’ signatures on variable annuity and insurance documents to effect multiple policy purchases between June…
Alan Walton Sharpe of Burlington Massachusetts a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim which settled for $225,000.00 in damages supported by allegations that (1) Sharpe made unsuitable oil and gas equities recommendations to the customer and (2) Sharpe churned the customer’s investment…
H. Beck Inc. a brokerage firm headquartered in Rockville Maryland has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that (1) the firm failed to supervise the variable annuity recommendations made by its registered representatives and (2) failed to supervise consolidated reports that were disseminated to customers. Letter of…
Patricia Ann Lloyd of Phoenix Arizona a former National Planning Corporation stockbroker and investment adviser representative is referenced in a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages supported by accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account was transacted upon in a…
John Robert McGinnis of Escondido California a stockbroker formerly employed by RBC Capital Markets is referenced in a customer initiated investment related arbitration claim which was resolved for $652,000.00 in damages supported by accusations that between 2009 and 2015: (1) McGinnis sold the customer private placement investments outside the auspices of RBC Capital Markets (2)…
Michael Montelli of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is referenced in a customer initiated investment related written complaint on April 11, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations that (1) margin was utilized without the customer’s permission (2) unauthorized…
Anthony Fusco of New York New York the Chief Executive Officer of Legend Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in FINRA’s investigation into accusations that he failed to supervise the firm’s brokers. Letter…
Vitthal Mathurbmas Patel of Denville New Jersey a stockbroker formerly employed by PFS Investments Inc. has been discharged by the firm on August 27, 2018 founded on accusations that Patel forged a customer’s signature to an account document. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 17, 2002, a customer filed an…
Randyl Robert Taber of West Des Moines Iowa a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on May 10, 2017 based upon accusations that Taber committed numerous violations of Ameriprise Financial Services’ policy by implementing an “investment strategy” that was not suitable for customers of the firm. FINRA…
Russell Al Stone (also known as Russell Alan Stone) of East Windsor Connecticut a stockbroker formerly registered with Broker Dealer Financial Services Corp. has been named a State of Connecticut Department of Banking investigation on April 25, 2017 in regard to Stone’s activities affecting the account of a customer who lodged a complaint with the…
John Paul Angelone of Weston Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Angelone refused to cooperate in a FINRA investigation into his possible violation of federal securities laws. Letter…
Sean Lewis Dobranich of Las Nevada a stockbroker currently employed by Waddell Reed is referenced in a customer initiated investment related written complaint on April 28, 2017 in which the customer requested $25,000.00 in damages founded on allegations that (1) Dobranich over-concentrated the customer’s managed account in inappropriate securities (2) Dobranich neglected to sell the…
Barney Norman Barnato of Walnut Creek California a stockbroker formerly employed by Barney Norman Barnato has been discharged by the firm on April 11, 2017 based upon accusations that Barnato exercised discretion in a customer’s account without having generated the customer’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Barnato is referenced…
Ricky Steven Geislinger of Watkins Minnesota a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $75,000.00 in damages supported by allegations that (1) Geislinger made misrepresentations to the customer concerning the terms and conditions of the investments selected for the…
James D. Parises of Henderson Nevada a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that Parises sustained unwarranted investment losses on equities held in the customer’s account. Financial Industry Regulatory Authority (FINRA)…
Frank Anthony Dinucci Jr. of New York New York a stockbroker formerly registered with AOC Securities LLC was terminated on April 6, 2017. Two weeks later, on April 17, 2017, Dinucci pleaded guilty to violating 18 U.S.C. 371 and pursuant to a plea agreement with the District of Connecticut’s United States Attorney’s Office pled guilty to a…
Brian Clark Johnson of Sioux City Iowa a stockbroker formerly employed by Principal Securities Inc. has been discharged on July 25, 2017 supported by Principal Securities’ allegations that Johnson violated the firm’s policy by altering a customer’s fixed-annuity forms. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on December 21, 2012, a customer…
Charles Greer Denormandie III of Alpharetta Georgia a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Denormandie failed to respond to a request made by FINRA for his information. Case No. 2016050805801 (Apr. 14, 2017). FINRA…
Robert Frank Pondt of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which settled for $22,000.00 on July 5, 2017 supported by accusations that the customer was provided misleading information about unit investment trust products by being told that the…
Michael Eugene Health of Ladera Ranch California a stockbroker formerly employed by First Allied Securities has been fined $12,500.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon Health consenting to findings that he used unwarranted investment performance summaries when consulting with…
Susan Louise Wagner of Perrysburg Ohio a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 24, 2017 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that Wagner poorly advised the customer in regard to the customer’s individual…
Ross Adam Barish of Mineola New York a stockbroker currently registered with Joseph Stone Capital L.L.C. is referenced in a customer initiated investment related arbitration claim which was resolved for $14,900.00 supported by accusations that (1) Barish breached his contractual obligations to the customer (2) Barish executed over-the-counter equities transactions in the customer’s account that…
Windsor Street Capital L.P. (formerly known as Meyers Associates L.P.) has been censured and fined $500,000.00 by Financial Industry Regulatory Authority (FINRA) according to a Hearing Panel Decision containing findings that (1) the firm neglected to construct and implement adequate supervisory systems and (2) failed to supervise two of the firm’s brokers who effected unsuitable…
Bert Thomas Bowler of New Canaan Connecticut a stockbroker formerly registered with Ameriprise Financial Services Inc. was referenced in a customer initiated investment related arbitration claim by where the customer sought $50,000.00 in damages based upon accusations that the customer was poorly advised with respect to the purchase of a variable universal life insurance policy….
Christopher Anthony Paganelli of Walnut Creek California a stockbroker formerly registered with UBS Financial Services Inc. was discharged by the firm on July 6, 2017 founded on allegations that Paganelli violated the firm’s policy by having engaged in unapproved outside business activities between October 3, 2016 and February 23, 2017. Financial Industry Regulatory Authority (FINRA)…
Hema Joshi (also known as Hema Jerath) of Flemington New Jersey a stockbroker currently registered with Ameriprise Financial Services, Inc. is the subject of a customer initiated investment related written complaint on April 3, 2017 where the customer sought $24,339.85 in damages based upon accusations that Joshi (1) placed the customer in an unsuitable variable…
Jerry Duane Holdsworth of Lincoln Nebraska a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on accusations that (1) Holdsworth effected stock trades in the customer’s account that were not suitable for the customer and…
Zachary Stephen Reinhart of Bethel Park Pennsylvania a stockbroker formerly employed by Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on September 15, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer’s assets were not invested in an individual retirement account in…
Larry Dan George of Chattanooga Tennessee a stockbroker currently registered with AXA Advisors LLC is the subject of a June 26, 2017 Tennessee Department of Insurance investigation in reference to George’s sales practices while employed with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that George has been identified in two customer initiated…
Robin Dewayne Walls of Shakopee Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $95,000.00 in damages supported by accusations that Walls sold the customer unsuitable and illiquid alternative investments including oil and gas products and direct participation program or…
Mark Stewart Saunders of Monroe City Missouri a stockbroker formerly employed by Edward Jones has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized mutual fund purchases in customer accounts. Letter of Acceptance Waiver and Consent No….
Mark John Evans of Mount Laurel New Jersey a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related complaint on April 13, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed in an annuity that did not conform…
Anthony William Smith (also known as Tony Smith) of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint that was resolved on May 2, 2017 for $28,340.48 in damages founded on allegations that Smith failed to abide by the…
John Wesley Conrad Robinson of Elizabethtown Pennsylvania a stockbroker formerly registered with MT Securities Inc. has been discharged on July 20, 2017 supported by the firm’s allegations that Robinson violated annuity policies and procedures when Robinson executed the replacement of customers’ existing annuity with another fixed annuity. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally…
Commonwealth Financial Network a brokerage firm headquartered in Waltham Massachusetts has been censured by Financial Industry Regulatory Authority (FINRA) supported by accusations that the firm excessively charged customers on mutual fund transactions by failing to apply discounts for the customers that were eligible for them. Letter of Acceptance Waiver and Consent No. 2016049975901 (Nov. 9,…
David Eliot Aycock of Leawood Kansas a stockbroker currently employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $18,477.06 in damages on May 30, 2017 founded on accusations that Aycock failed to effected the sale of the customer’s warrants. Financial Industry Regulatory Authority (FINRA)…
William Danny Chancellor of Ridgeland Mississippi a stockbroker formerly employed by First Allied Securities, Inc. is referenced in a customer initiated investment related arbitration claim which settled for $20,000.00 in damages based upon allegations that (1) misrepresentations and omissions had been made to the customer concerning the risks and fees of direct participation program or…
David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA in an investigation concerning his alleged unapproved private securities transactions. Letter of…
David William McConnell of Grandview Ohio a stockbroker formerly registered with MML Investors Services LLC has been discharged on May 25, 2017 supported by accusations that McConnell mishandled confidential information from customers and became subject of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that McConnell is referenced in…
Bruce Michael Sabourin of Norwich Connecticut a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Sabourin failed to provide FINRA with information after it was requested of him. Case No. 2014041373601 (May 4, 2015). FINRA Public…
David Warg Best of Bethlehem Pennsylvania a stockbroker formerly employed by Oppenheimer & Co. Inc. is referenced in a customer initiated investment related complaint on August 18, 2017 where the customer sought $1,000,000.00 in damages supported by accusations that (1) unsuitable closed-end fund and stock transactions had been executed in the customer’s investment account (2)…
Michael W. Benjamin of Bloomington Illinois a stockbroker formerly employed by State Farm VP Management Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s requests for his information which possibly concerned the basis behind his…
Gregory Alan Voight of Providence Rhode Island a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages founded on allegations that (1) misrepresentations were made to the customer concerning structured products and municipal debt products (2) investment…
Scott Ellis Stacke of Chicago Illinois a stockbroker formerly registered with William Blair 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 request for information regarding Stacke’s possible misconduct. Case No. 201705349601 (Aug. 31, 2017). According to FINRA…
Jeffrey John Di Bono of San Jose California a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on May 11, 2017 in which the customer sought $8,500.00 in damages based upon accusations that Di Bono did not receive investment returns that were promised…
D.A. Davidson Co. a brokerage firm headquartered in Great Falls Montana has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it (1) overcharged customers by failing to apply sales charges waivers and (2) failed to supervise its mutual fund transactions to ensure that eligible customers received applicable discounts. Letter…
John M. Cullen of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages founded on allegations that the customer’s stock account had been overconcentrated by Cullen in speculative equities products. Financial Industry Regulatory Authority…
David Phillip Brandt of Saint Louis Missouri a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint in which the customer sought damages estimated to exceed $5,000.00 in damages supported by allegations that Brandt had improperly steered the customer into investing in speculative master limited partnership…
Tony Ban of New York New York a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on May 12, 2017 supported by allegations that Ban (1) procured cash from several of the firm’s customers (2) failed to appropriately document the transactions (3) mishandled the customer’s funds and (4) inappropriately used…
Ricardo Antonio Rodriguez Vazquez of Guaynabo Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim on April 10, 2018 where the customer sought $979,000 in damages based upon accusations of (1) negligence (2) failure to supervise (3) breach of the duty of good faith…
Sandra Benain McKoy of Lauderdale Lakes Florida a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $50,000.00 in damages supported by accusations that McKoy (1) poorly advised the customer concerning mutual fund and variable annuity products and (2) placed unsuitable transactions in…
Kristopher A. Galicia Rodriguez of New Windsor 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 supported by accusations that he failed to provide information to FINRA that had been requested from him. Case No. 2017053367801 (Aug. 7,…
Joe Bryan Hall of Berthel Fisher Company Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested at least $5,000.00 in damages based upon allegations that the customer was placed in a real estate investment that was not appropriate for the customer given the customer’s objectives for…
Scott William Hartman of Dallas Texas a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to furnish information to FINRA personnel inquiring into his activities. Case No. 2016049225001 (May 31, 2017). FINRA Public Disclosure reveals…
Bradley John Freimark of Otsego Minnesota a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related arbitration claim which settled for $100,000.00 in damages founded on accusations that (1) misrepresentations were made to the customer and (2) the customer’s assets were inappropriately invested in D&L Energy 2010 Ltd. –…
Avalon Investment Securities Group a brokerage firm headquartered in Muscle Shoals Alabama has been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by allegations that the firm had failed to supervise its brokers’ sales of variable annuity products. Letter of Acceptance Waiver and Consent No. 2016047823901 (Oct. 25, 2018). According to the AWC,…
Jude E. Offiah of Oklahoma City Oklahoma a stockbroker currently registered with Tandem Securities Inc. is referenced in a customer initiated investment related written complaint on May 2, 2017 where the customer sought more than $5,000.00 in damages based upon allegations that omissions had been made to the customer concerning variable annuity and mutual fund…
David Raymond Colflesh of Tarko Missouri a stockbroker formerly employed by NYLife Securities LLC has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable mutual fund investment recommendations to customers. Letter of Acceptance Waiver and Consent No….
Michael Jason Ripper of Memphis Tennessee a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he neglected to furnish information to FINRA when FINRA formally requested him to do so. Case No. 2015048052801 (May 9, 2017)….
James Keith Muir of Sarasota Florida a stockbroker currently employed by Summit Brokerage Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $27,500.00 in damages based upon accusations that the customer was placed in unsuitable equity products including GPRO STON and BBBQP. Financial Industry Regulatory Authority (FINRA)…
Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by accusations of excessive trading of the customer’s investments including (a) structured products (b) unit investment trusts and (c) mutual funds. Financial Industry…
Patrick Dennis Farrell of Huntingdon Valley Pennsylvania a stockbroker formerly registered with Securian Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $146,677.22 on January 2, 2018 founded on allegations that Farrell misrepresented the terms and conditions of insurance and annuity products that had been sold to…
Judith Ann Bufis of East Brunswick New Jersey a stockbroker formerly registered with Kovack Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate in a FINRA investigation into accusations against Bufis of selling away. Letter of…
Richard Michael Jones of Pilot Mound Iowa a stockbroker formerly employed by NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to comply with FINRA’s request for his information. Case No. 2016052252801 (June 23, 2017). FINRA Public Disclosure reveals…
John Edward Moriarty of Crystal City Missouri a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $9,999.00 in damages supported by accusations that (1) fiduciary duties owed to the customer had been breached (2) transactions were placed in the customer’s account that…
Steven John Sosnowski of Bloomington Illinois a former State Farm VP Management Corp. registered representative has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged a customer’s signature on a life insurance policy. Letter of…
Stephen Anthony Pierce of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $50,000.00 in damages based upon accusations that (1) Pierce made omissions and misrepresentations concerning the customer’s private placement investments and (2) Pierce did not undertake…
Robert Paul Friedman of Berwyn Pennsylvania a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $12,000.00 in damages founded on accusations that (1) Friedman made investment recommendations to the customer that were not suitable and placed the customer in…
Eric Howard Kunis of Woodbury New York a stockbroker formerly registered with Maxim Group LLC has been fined $2,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kunis executed unsuitable trading in eleven Maxim Group LLC customer accounts. Letter of Acceptance…
Kevin Scott Kellogg of San Diego California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $247,112.52 in damages founded on accusations that (1) fiduciary duties owed to the customer were not abided by (2) unauthorized transactions were placed in…
Tracy Michelle Lund of Hillsborough Oregon a stockbroker formerly employed by Key Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lund failed to cooperate in a FINRA investigation into allegations of her suspicious transactions involving a customer’s account. Letter of Acceptance…
Robert Michael Henrici of Coral Springs Florida a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related written complaint which settled for $20,000.00 on July 3, 2017 founded on accusations that Henrici placed an inappropriate insurance rider on the customer’s variable annuity. Financial Industry Regulatory Authority (FINRA)…
Christopher Michael Herrmann of Greenwood Indiana a stockbroker formerly registered with Key Investment Services has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to Key Investment Services customers and concealed information…
John Basile Manikas of Chicago Illinois a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which settled for $342,500.00 in damages founded on allegations that (1) the customer had been defrauded (2) contractual obligations had been breached (3) the customer’s account was handled negligently…
Delores Jean Yezbak of Cleveland Ohio a stockbroker formerly registered with Lincoln Investment is referenced in a customer initiated investment related written complaint on June 15, 2017 in which the customer sought $70,000.00 in damages supported by allegations that (1) the customer’s account documentation contained false statements in regard to the customer’s income and net…
Maxim Group LLC a brokerage firm headquartered in New York New York has been censured and fined $65,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise its stockbrokers’ recommendations of unit investment trusts to ensure that they were not unsuitable for customers. Letter of Acceptance…
David Francis Faline of Boca Raton Florida a stockbroker formerly registered with NewBridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $80,000.00 in damages founded on accusations that Faline provided the customer with poor advice in reference to common or preferred stock held in the customer’s investment account…
Janice Ann Williams-Mayhew of Okemos Michigan a stockbroker formerly employed by WFG Investments Inc. has been discharged by the firm on March 22, 2017 supported by allegations that Williams-Mayhew placed an investor’s signature on a Representative Change Request form in regards to an annuity contract despite that investor not having been a customer of WFG…
John Scott Simoncic of Reno Nevada a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Simoncic made exchange traded fund recommendations that were not suitable for customers (2) Simoncic effected excessive exchange traded…
Chadwick Kingsley Watson of Annapolis Maryland a stockbroker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages supported by allegations that (1) unsuitable investment transactions had been effected in the customer’s account and (2) there were inadequate disclosures made…
Billy Edward Foster of United Planners’ Financial Services of America is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that (1) unsuitable investment recommendations had been made to the customer concerning a direct participation program or limited partnership interests and (2) United Planners Financial…
Lazaro Armando Fernandez Paredes of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages founded on accusations that (1) transactions were executed in the customer’s account that were not suitable for the customer (2) the customer’s account…
Anna Huiping Li of Tucson Arizona a stockbroker currently employed by BBVA Securities Inc. is the subject of a customer initiated investment related complaint which was settled on January 3, 2018 to resolve accusations that Li omitted information regarding the charges or fees pertaining to certificate of deposit investments purchased by the customer. FINRA Public…
Gary Alan Meier of Vancouver Massachusetts a stockbroker and investment advisor representative formerly employed by Pacific West Securities Inc. and Pacific West Financial Consultants Inc. is referenced in a Consent Order issued by the Washington State Department of Financial Institutions Securities Division in which Meier has been fined and suspended from engaging in investment advisory…
Scott Alan Kimmel of Fort Worth Texas a stockbroker currently employed by Principal Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer alleged that Kimmel breached a fiduciary duty owed to the customer in reference to an employer stock options plan investment allocation. Financial Industry Regulatory Authority (FINRA)…
Woodley Hannon Bagwell of Montgomery Alabama a stockbroker formerly registered with Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to honor FINRA’s requests for Bagwell’s information. Letter No. 20160520299901 (September 18, 2017). FINRA Public Disclosure confirms that…
Alex Jose Gierbolini of Guaynabo Puerto Rico a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim in which the customer sought $265,000.00 in damages founded on accusations that misrepresentations had been made to the customer and mutual fund transactions were placed in the…
Robert Jay Myers of Greenwood Village Colorado a stockbroker formerly employed by MML Investors Services LLC has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver…
Kenneth Paul Collins Jr of Tucson Arizona a stockbroker formerly registered with Union Capital Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Collins failed to provide FINRA with a response to its request for Collins’ information. Case No. 2016052044201 (June 20, 2017)….
Richard Bruce Sladek of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on August 16, 2017 founded on accusations that Sladek violated Merrill Lynch’s policies by failing to inform the firm about his outside business activities and having participated in an unauthorized financial…
Jody Bryant Bowers of Abilene Texas a stockbroker formerly registered with Lowell Company Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $6,000,000.00 in damages founded on allegations that (1) Bowers overconcentrated the customer’s assets in exchange traded funds over a six year period by failing to adjust the…
Lloyd Mark Johnston of Spokane Washington a stockbroker formerly registered with Capital Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information that had been requested of him. Case No. 2018057318201 (Sept. 4, 2018). According…
Mario Joseph Payne of Jacksonville Florida a stockbroker currently employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on May 18, 2018 in which the customer sought $20,000.00 in damages supported by allegations that between November 10, 2017 and February 8, 2018, the customer was placed…
CIM Securities LLC (also known as Brookline Capital Markets) a brokerage firm headquartered in Centennial Colorado has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that its failed to supervise three registered representatives’ private securities transactions. Letter of Acceptance Waiver and Consent No. 2017052070001 ….
Timothy Floyd Holladay of Mobile Alabama a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on August 18, 2017 in which the customer requested $14,000.00 in damages based upon accusations that between April of 2012 and April of 2016, Holladay invested the customer’s money in closed-end funds…
Ollie Baldwin Harris III of Houston Texas a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint which settled for $15,000.00 in damages on October 30, 2017 based on accusations that from July 21, 2011 to July 28, 2017, Harris failed to follow the…
John Michael Shields of Palm Desert California a stockbroker currently employed by Hightower Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages supported by allegations that in reference to the customer’s investment advisory account and variable annuity investments: (1) the customer’s account was handled…