Steven Glenn Crawford of Glen Allen Virginia a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on August 18, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed in a variable annuity between June 12, 2016 and…
Leslie George Markus, Jr., of Center Valley, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, Inc. has been fined $10,000.00 and 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 Markus effected…
Marc Frederick Korsch of Sarasota Florida a stockbroker currently employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $55,000.00 in damages founded on accusations that (1) fixed annuity fees and surrender penalties were not reasonably explained to the customer and (2) recommendations to switch the…
Robert Thomas Steck of Great Neck New York 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 unspecified damages supported by accusations that between 2012 and 2017, misrepresentations had been made to the customer concerning over-the-counter equities and…
Premium Point Investments LP, a Securities and Exchange Commission (SEC) registered investment advisor headquartered in New York, New York, as well as its chief executive officer, Anilesh Ahuja (also known as Neil Ahuja), portfolio manager, Amin Majidi, and trader, Jeremy Shor, have collectively been charged by SEC in a Complaint alleging that they have committed,…
David Michael Webb of San Antonio Texas a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which settled on June 8, 2018 to resolve allegations that the customer was advised to utilize the customer’s American Equities funds for the purchase of a variable annuity that…
Vincent Michael Bruno of New York New York a stockbroker currently employed by Spencer Winston Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought damages estimated to exceed $5,000.00 based upon allegations of (1) negligence (2) breach of contract and (3) breach of fiduciary duty pertaining to…
Steve Baptist of New York New York a stockbroker formerly registered with Joseph Gunnar Co. LLC has been discharged by the firm on May 29, 2018 supported by accusations that Baptist placed unauthorized trades in a customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on February 19, 2014, a customer filed…
George Edward Mathis of The Villages, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim in which the customer requested $65,000.00 in damages based upon allegations of fraud, misrepresentation, breach of contract, negligence, and breach of fiduciary duty pertaining to investment transactions…
Charles Lawrence Doraine of Corpus Christi, Texas, a stockbroker currently registered with Next Financial Group, Inc., is referenced in a customer initiated investment related arbitration claim where the customer sought $2,500,000.00 in damages founded on allegations that between 2012 and 2017, Doraine engaged in a pattern of in-and-out trading with respect to the customer’s mutual…
Michael James Gilhooly of South Pasadena California a stockbroker formerly employed by RJJ Pasadena 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 with FINRA’s investigation into accusations of Gilhooly’s possible violations of federal securities laws…
William Charles Burks II of Flower Mound, Texas, a stockbroker currently employed by Centaurus Financial, Inc. is the subject of a customer initiated investment related written complaint on May 15, 2018 in which the customer requested $415,000.00 in damages supported by allegations that the customer was not provided adequate information pertaining to risks of real…
Daryl F. Devillier of Springfield Massachusetts a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on February 16, 2016 where the customer sought $78,192.96 in damages based upon accusations of misrepresentation in regard to the customer’s variable annuity investment. Financial Industry Regulatory Authority (FINRA)…
Ken Anthony Carter of Seattle Washington a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $450,000.00 in damages founded on allegations that stock trades had been executed in the customer’s investment account between 2014 and 2015 that were neither suitable nor…
Steven F. Coffey of Orrville Ohio a stockbroker formerly employed by First American 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 testify in a FINRA investigation concerning his promissory notes sales. Letter of Acceptance Waiver and…
Charles Lewis Bloom of Royal Palm Beach Florida a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he refused to comply with FINRA’s requests for his testimony in the course of a FINRA investigation…
Michael Thomas Standley of Saint Louis Missouri a stockbroker formerly employed by Oakbridge Financial Services 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 he executed transactions in a customer’s investment account without authorization. Letter of…
Steven Paul Reznik of Tallahassee Florida a stockbroker and financial advisor registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 25, 2018 where the customer requested $58,721.00 in damages based upon allegations that between May 20, 2015 and April 30, 2018: (1) transactions were…
John Barry Jenkins of Memphis Tennessee a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on April 30, 2018 where the customer sought damages estimated to exceed $5,000.00 supported by allegations that omissions had been made to the customer concerning the terms of the…
Michael Eric Bourke of Florham Park New Jersey a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on April 30, 2018 in which the customer requested $115,000.00 in damages based upon allegations that the customer’s assets were allocated in an equity position that was not…
Henry S. Veit (also known as Hank Veit) of Manlius New York a stockbroker formerly employed by Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on accusations of suitability and breach of fiduciary duty pertaining to the customer’s municipal…
James Willard Clark of Dallas Texas the owner and president of Worth Financial Group Inc. is referenced in a customer initiated investment related arbitration claim that has been resolved for $160,000.00 in damages supported by accusations of suitability in reference to defined payment income stream agreements. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02720 (Apr….
Howard Raymond Utz of Mars Pennsylvania a stockbroker formerly employed by Hazard Siegel Inc. has been discharged by the firm on June 1, 2018 founded on accusations that Utz (1) converted funds belonging to customers (2) engaged in unapproved private securities transactions and (3) failed to notify the firm about his outside business activities. FINRA…
John Edward Massa of Staten Island New York a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related civil action in which the customer sought $22,562.01 in damages based upon accusations that misrepresentations had been made to the customer in reference to the terms and conditions of…
Dainforth Baker French Jr. of Troy Michigan a stockbroker currently employed by L.M. Kohn Company is the subject of a customer initiated investment related arbitration claim which was resolved for $33,000.00 in damages supported by accusations of the mismanagement of the customer’s investment account and the failure of the firm to supervise transactions effected in…
Dario Alberto Ochoa (also known as Dario Ochoa Garcia) of Guaynabo Puerto Rico a stockbroker currently registered with Merrill Lynch is the subject of a customer initiated investment related arbitration claim in which the customer accused Ochoa to have made misrepresentations to the customer as well as unsuitable investment recommendations in reference to foreign-debt and…
John Alexander Ogrodnick of Farmington Hills Michigan a stockbroker formerly employed by J.P. Turner Company L.L.C. is referenced in a customer initiated investment related arbitration claim where the customer sought $70,000.00 in damages founded on accusations that (1) trades were placed in the customer’s account without the customer’s authorization (2) the customer’s account was handled…
Royal Alliance Associates Inc. a brokerage firm headquartered in New York New York has been censured and fined $350,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it (1) failed to supervise and train its registered representatives regarding their multi-share class variable annuity sales and (2) ineffectively supervised the…
John Richard Boatright of Duluth Georgia a stockbroker formerly employed by Summit Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on May 11, 2018 where the customer sought $46,000.00 in damages based upon allegations that the customer’s account was handled in a negligent manner and the customer was poorly advised…
Scottsdale Capital Advisors Corp a brokerage firm headquartered in Scottsdale Arizona as well as its director John Joseph Hurry and chief compliance officer Timothy Brian DiBlasi and president Darrel Michael Cruz have been subject of Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision affirming FINRA’s Extended Hearing Panel’s findings that (1) the firm effected…
Paul Robert Volpe of Westport Connecticut a stockbroker formerly registered with Kestra Investment Services LLC is the subject of a customer initiated investment related written complaint on June 27, 2016 in which the customer requested $27,332.00 in damages based upon allegations of sales practice violations pertaining to a real estate investment trust sold to the…
Neal Scott of New York New York a stockbroker formerly registered with Euro Pacific Capital Inc. is referenced in a customer initiated investment related written complaint which was resolved on March 15, 2016 for $8,000.00 in damages founded on allegations of breach of fiduciary duty and suitability relating to the over-concentration of the customer’s assets…
Kenny Danny Mezher of San Francisco California a stockbroker formerly registered with Growth Capital 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 participated in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No….
James Marten Lamont of San Francisco California a stockbroker currently registered with Whitehall-Parker Securities Inc. is the subject of a customer initiated investment related civil action where the customer sought unspecified damages based upon allegations that Lamont sold insurance contracts to the customer that were misrepresented and unsuitable for the customer. Civil Action No. CIV-1801542…
SII Investments Inc. a broker-dealer headquartered in Appleton Wisconsin has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that the firm (1) failed to supervise its registered representatives’ variable annuity recommendations to customers and (2) failed to supervise its unit investment trust business to ensure…
Jason R. Watson of Philadelphia Pennsylvania a registered representative of Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related arbitration claim that was resolved for $20,000.00 in damages supported by allegations that (1) fiduciary obligations to the customer had been breached and (2) the terms and conditions of a fixed indexed annuity…
Vanderbilt Securities LLC a brokerage firm headquartered in New York New York and its chief compliance officer Barry Champney have been sanctioned by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm and Champney failed to adequately supervise a registered representative who churned and effected unsuitable trades in a customer’s account. Letter of…
Michael Gary Solomon of New York New York a stockbroker currently registered with Maxim Group LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $246,928.64 in damages founded on allegations that between January 1, 2015 and December 31, 2015, Solomon placed over-the-counter equities and stock transactions in the customer’s…
Larry Shatzkamer of Jericho New York a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on April 11, 2018 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that stock transactions were effected in the customer’s account that were neither suitable for…
Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly registered with Stifel Nicolaus Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a Stifel customer’s funds. Letter of Acceptance Waiver and Consent No. 2018058538001 (July 11, 2018). According…
Richard Allen Yantis of Cedar Falls Iowa a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on April 19, 2018 in which the customer sought $142,000.00 in damages supported by allegations that Yantis (1) employed deceptive and manipulative tactics to induce the customer’s alternative…
Steven William Kraut of Saint Anthony Minnesota a stockbroker formerly registered with Independent Financial Group LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver…
Richard Michael Stevens of Indianapolis Indiana a stockbroker currently employed by David A. Noyes Co. is referenced in a customer initiated investment related arbitration claim in which the customer sought $60,000.00 in damages founded on allegations that Stevens (1) failed to disclose risks of private placements (2) neglected to conduct adequate due diligence on alternative…
Matthew Alan Morris of Hopewell Virginia a stockbroker formerly employed by SunTrust Investment Services Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged signatures on account documentation. Letter of Acceptance Waiver and Consent…
Ronald Reed McCook of Scottsdale Arizona a stockbroker currently employed by First Allied Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,000,000.00 in damages based upon accusations including (1) fraud (2) failure to supervise (3) omissions and misrepresentation (4) breach of fiduciary duty (5) breach of…
Joseph Eldon Johnson of North Riverside Illinois a stockbroker currently registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations of sales practice violations relating to exchange traded funds including (1) negligence (2) breach of fiduciary duty (3)…
M. Holdings Securities Inc. a brokerage firm headquartered in Portland Oregon has been censured and fined $135,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to adequately supervise private securities transactions as well as the dissemination of consolidated reports. Letter of Acceptance Waiver and Consent No. 2017052293001…
James Allen Atwood of Boston Massachusetts a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on September 27, 2016 in which the customer sought unspecified damages supported by accusations that master limited partnership investments were not appropriate for the customer’s charitable remainder…
Darrell Brian Hesford of Escondido California a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on April 23, 2018 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that exchange traded funds were placed in the customer’s account without the customer’s…
Robert Bartlett Roach III of Little Rock Arkansas a stockbroker formerly employed by Raymond James Financial Services Inc. and advisor with Raymond James Financial Services Advisors Inc. has been discharged by the firm on May 7, 2018 supported by allegations that Roach effected unit investment trust and syndicate trades in customer accounts despite the transactions…
Roy Aurelio Gaytan of Thousand Oaks California a former registered representative of Transamerica Financial Advisors has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not comply with FINRA’s information request. Case No. 2017054506901 (Nov. 13, 2017). FINRA Public Disclosure confirms that Gaytan…
Gordon Tong Quan of Pasadena California a stockbroker formerly employed by Cetera Advisor Networks LLC has been discharged by the firm on May 15, 2018 founded on allegations that Quan engaged in outside business activities and unapproved customer loan arrangements; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Suhail Saleem Khan of Chicago Illinois 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 allegations that he failed to provide FINRA with information that was requested of him. Case No. 2017054093201 (Nov. 13, 2017). FINRA Public Disclosure…
Patricia Gail Peterson of Henderson Nevada a stockbroker formerly employed by WFG Investments 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 she effected trades in customer accounts without written authorization. Letter of Acceptance Waiver and Consent No….
Clifford William Shirah of Blue Ridge Georgia a stockbroker formerly registered with ProEquities Inc. is the subject of a State of Michigan Department of Licensing and Regulatory Affairs Securities Bureau Order which denied Shirah’s securities agent registration in Michigan based upon findings that Shirah engaged in unethical or dishonest conduct involving customers. In the Matter…
Ralph Quintana II of Upland California a stockbroker currently registered with Centaurus Financial Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $143,775.00 in damages based upon allegations that the customer was (1) not provided adequate information regarding surrender penalties and fees relating to a variable annuity and…
Michael John Giovannelli of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim in which the customer requested $350,067.00 in damages supported by allegations of (1) breach of contract (2) unauthorized trading (3) suitability (4) negligence and (5) churning of the customer’s equity…
Michael Winston Hefner of Tulsa Oklahoma a former FBL Marketing Services LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Hefner declined to cooperate with FINRA’s request for Hefner’s information. Case No. 2015047585301 (Mar. 21, 2016). FINRA Public Disclosure confirms that…
Kevin Patrick McKenna of Wausau Wisconsin a stockbroker formerly registered with Stifel Nicolaus is the subject of a customer initiated investment related complaint that settled for $13,466.26 in damages supported by accusations that McKenna misrepresented over-the-counter equities as conservative investments that provided a layer of protection to the customer through a put option. FINRA Public…
Jeffrey Scott Richman of Boulder Colorado a stockbroker formerly employed by BBVA Securities Inc. is referenced in a customer initiated investment related written complaint on April 1, 2018, which was resolved for $29,669.65 in damages supported by accusations that the customer was sold an unsuitable corporate note given the lack of Federal Deposit Insurance Corporation…
Deanne M. Lampe of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that she failed to reply to FINRA personnel concerning information about her business activities. Case No. 2017053777501 (Jan. 19, 2018). FINRA Public…
Peter Tinchu Po of Cupertino California a stockbroker formerly employed by Voya Financial Advisors Inc. has been discharged by the firm on August 4, 2015 founded on allegations that Po violated the firm’s policies by (1) engaging in undisclosed outside business activities and (2) discussing investments with the investor public without the firm’s permission. Financial…
Robert Gregory Hammond of Old Lyme Connecticut a stockbroker formerly registered with Securities Service Network Inc. is referenced in a customer initiated investment related complaint where the customer requested damages estimated to exceed $5,000.00 founded on accusations that Hammond made real estate investment trust recommendations to the customer that were not suitable given the speculative…
Gregory John Lane of Belleville Illinois a stockbroker formerly employed by Raymond James Associates Inc. had been terminated from the firm on April 2, 2018 founded on accusations that he invested a customer’s trust assets in a manner which violated the terms of the trust and failed to effect distributions in accordance with trust instructions….
Anthony Edward Dacruz of New York New York a stockbroker currently registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages based upon allegations that the customer was placed into municipal debt products between December of 2012 and August of 2017…
Tobin Joseph Senefeld of Indianapolis Indiana a former chief executive officer of Pin Financial LLC has been barred by Securities Exchange Commission (SEC) from associating with any broker or investment advisor in any capacity according to an Order Making Findings and Imposing Remedial Sanctions Pursuant to Securities Exchange Act of 1934 Section 15(b). In the…
Michael Marlowe Jr. of Williamsville New York a stockbroker currently registered with Signator Investors Inc. is the subject of a customer initiated investment related written complaint on April 2, 2018 in which $5,000.00 in damages was requested based upon allegations that the customer was placed in a single premium immediate annuity that was not suitable…
Cetera Financial Specialists LLC a broker-dealer headquartered in Schaumburg Illinois has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it failed to supervise outside business activities pursued by its staff. Letter of Acceptance Waiver and Consent No. 2015045233601 (July 9, 2018). According to the AWC, from…
James Danielly Finley Jr. of Red Bank New Jersey a stockbroker currently registered with RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on April 4, 2018 in which the customer sought $50,000.00 in damages founded on accusations that Finley neglected to diversify the customer’s investment portfolio between February of…
Paul Edward Soll of Los Angeles California 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 he declined to cooperate with FINRA in an investigation into accusations of Soll’s unsuitable investment recommendations and churning…
Omar K. Henry of New York New York a stockbroker formerly employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on April 9, 2018 in which the customer sought $451,844.09 in damages based upon accusations that direct participation program transactions were placed in the customer’s account that were not…
Daniel B. Irving of Erie Pennsylvania a stockbroker formerly registered with PNC Investments 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 mismarked customer’s investment orders as having been unsolicited. FINRA Enforcement Action No. 2014043146201 (July 12, 2018)….
Michael Monatlik of Beverly Hills California a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages founded on allegations that between May of 2011 and February of 2018, Monatlik (1) recommended master limited partnership and municipal bond investments that…
Amy Marie Jamrog of Holyoke Massachusetts a stockbroker currently registered with Northwestern Mutual Investment Services LLC is the subject of a customer initiated investment related written complaint on March 29, 2018 in which the customer requested $82,000.00 in damages supported by accusations that Jamrog inappropriately recommended for the customer to liquidate stock positions and subsequently…
Timothy John Stack of New York New York a former chief compliance officer registered with Alexander Capital LP is the subject of a Second Amended Notice of Proposed Agency Action and Opportunity for Hearing issued by the Office of the Montana State Auditor Commissioner of Securities and Insurance in which sanctions have been sought against…
David Christopher Hydrick of Memphis Tennessee a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $400,000.00 in damages based upon accusations of (1) misappropriation (2) unauthorized trading in the customer’s account (3) breach of contractual duties (4) conversion of the…
Zachary Thomas Rawson of Indianapolis Indiana 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 supported by accusations that he declined to cooperate with FINRA’s request for details about his business activities. Case No. 2017055785201 (May 3,…
Paul William Murans (also known as Peace Murans) a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on October 10, 2017 founded on accusations that Murans (1) failed to apprise the firm about being subject of a customer compliant (2) executed unapproved life-settlement transactions away from the firm and…
Richard Crescenzo of Melville New York a stockbroker formerly employed by Capitol Securities Management Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $400,000.00 in damages based upon allegations that (1) Crescenzo made investment recommendations to the customer that were not suitable given the tax consequences incurred by…
Xavier Patino a stockbroker formerly employed by J.P. Morgan Securities LLC has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misleading and false statements to a customer concerning a variable annuity. Letter of Acceptance Waiver…
Earle Clement Tingley of Winter Haven Florida a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged by the firm on April 27, 2018 supported by allegations that Tingley acknowledged to have entered into a customer loan arrangement in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Russell G. Cappelen Jr. of Vero Beach Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $14,658.37 in damages founded on accusations that Cappelen effected mutual fund transactions that were not appropriate for the customer because the investments failed to…
Joel Vincent Flaningan of Fort Wayne Indiana a stockbroker formerly registered with NYLife Securities LLC has been discharged by the firm on May 10, 2018 based upon allegations that Flaningan took part in the solicitation of Woodbridge Mortgage Investment Fund (an unregistered entity that went bankrupt) without notifying and procuring approval from NYLife Securities LLC….
Bradley Scott Ford of Evansville Indiana a stockbroker currently registered with USA Financial Securities Corporation is referenced in a customer initiated investment related written complaint on April 4, 2018 in which the customer alleged that Ford failed to accurately represent the terms and conditions of fixed indexed annuities resulting in customers incorrectly concluding that their…
Dennis Anthony Contrestano of Fresno California a stockbroker formerly registered 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 executed trades in customer accounts without authorization. Letter of Acceptance Waiver and Consent No….
Martin Joseph Hare of Oakbrook Illinois a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 6, 2018 where the customer sought more than $5,000.00 in damages based upon allegations that between January 27, 2017 and March 16, 2018, Hare was poorly advised…
Philip Gott Moshier of Solon Ohio a stockbroker currently registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $186,000.00 in damages based upon accusations that Moshier made recommendations for the customer to invest in real estate investment trusts that were not suitable…
Ramon Arturo Herrera of Jersey City New Jersey a stockbroker formerly registered with 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 he declined to provide FINRA information that was requested of him by the regulator. Case No. 2018057425101…
Marlyn Leroy McClain of Council Bluffs Iowa a stockbroker currently employed by NYLife Securities LLC is referenced in a customer initiated investment related written complaint on May 14, 2018 where the customer sought $70,000.00 in damages supported by accusations that a variable universal life insurance contract was not appropriate for the customer given the customer’s…
Kenneth Joseph Kavanagh of New York New York a stockbroker formerly employed by Morgan Stanley has been terminated by the firm on April 16, 2018 founded on allegations that Kavanagh engaged in unapproved outside business activities involving customers of the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 25, 2016,…
Shakela Yashica Carter of Fort Lauderdale 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 according to an Office of Hearing Officers Default Decision containing findings that Carter obstructed a FINRA investigation into accusations that she…
Philip Albert Schreiner of San Antonio Texas a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on April 18, 2018 founded on allegations that Schreiner (1) partook in the solicitation of outside real estate investments and other activities involving a firm customer and (2) engaged in an unapproved customer loan arrangement….
Bradley Joseph Tennison of Mesa Arizona a stockbroker formerly registered with Geneos Wealth Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Tennison failed to cooperate with FINRA’s investigation into allegations that he made recommendations for a former customer to…
Timothy Patrick Lofton of Washington Township Ohio a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC and advisor employed by Horter Investment Management has been discharged from Horter on April 26, 2018 based upon accusations that Lofton failed to abide by the company’s procedures and policies relating to outside business activities. Financial Industry…
John Paul Mazza of Shelby Township Michigan a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related written complaint on April 3, 3018 where the customer requested $5,000.00 in damages supported by accusations that Mazza mishandled the customer’s investment advisory account. Financial Industry Regulatory Authority (FINRA) Public…
Eric Sikes of Boca Raton Florida a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 by the Florida Office of Financial Regulation and ordered to cease and desist committing violations of Florida Securities and Investor Protection Act based upon Sikes’ consent to findings that he (1) failed to conduct adequate due diligence…
James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related arbitration claim where the customer requested $432,020.69 in damages founded on allegations including (1) negligence (2) breach of fiduciary duty and (3) suitability relating to alternative investment transactions effected in the customer’s…
Robert M. Marks Jr. of Coram New York a stockbroker formerly employed by Cape Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to inform FINRA about his compliance (or lack thereof) with FINRA Arbitration No. 13-00215 (Feb. 6, 2017)…
John Hoff Russell of Clayton Missouri a stockbroker currently employed by Stifel Nicolaus Company is the subject of a customer initiated investment related civil action where the customer sought $25,000.00 in damages founded on accusations that (1) the customer’s investment account was administered in a negligent fashion (2) fiduciary duties that were owed to the…
Taek Man Chong of Mercer Island Washington a stockbroker formerly employed by 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 FINRA in an investigation into the reasoning behind Chong’s termination from…
Andrew Garrett Inc. a FINRA broker-dealer located in New York New York has been fined $10,000.00 and censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that customers had been overcharged on equity transactions. Letter of Acceptance Waiver and Consent No. 2015043325601 (June 29, 2018). According to the AWC, between June 17,…
Reynold Frank Vaughan III of Melville New York a stockbroker currently registered with SW Financial is referenced in a customer initiated investment related arbitration claim where the customer sought $69,433.00 in damages founded on allegations that (1) contractual duties had been breached (2) trades were executed in the customer’s account without the customer’s permission (3)…
William Townley Koenig III of Spring Hill Florida a stockbroker currently employed by J.W. Cole Financial Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that the customer’s assets were placed in speculative stock positions that were not suitable for the customer. Financial…
The Leaders Group Inc. a brokerage firm headquartered in Littleton Colorado has been censured and fined $95,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings of supervisory failures including the firm’s failure to supervise variable annuity suitability as well as registered representatives’ outside business activities. Letter of Acceptance Waiver and Consent No….
Abraham Biderman of New York New York a stockbroker formerly registered with Palladium Capital Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Biderman failed to provide FINRA with information in FINRA’s investigation into accusations of Biderman selling away from…
Clifton Hideki Roberts of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on April 25, 2018 based upon accusations that Roberts failed to abide by the firm’s policy concerning outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Roberts is referenced in two customer…
Jaret Clinton Mutter of Roanoke Virginia a stockbroker currently employed by Cetera Advisor Networks LLC is the subject of a Special Supervision Order imposed by the Virginia State Corporation Commission based upon accusations of Mutter having been subject of several customer disputes. Case No. SEC-2018-00009 (Apr. 4, 2018). Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Dimitrios Aivaliotis of Melville New York a stockbroker currently employed by SW Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $44,000.00 in damages supported by accusations that (1) contractual obligations to the customers had been breached (2) unauthorized trades had been effected (3) transactions were not…
Troy Christopher Baldridge of Richmond Virginia a stockbroker formerly employed by Capitol Securities Management Inc. has been barred by Securities and Exchange Commission (SEC) from associating with any investment adviser or broker in any capacity according to an Order Instituting Administrative Proceedings containing findings that Baldridge misappropriated customer funds. In the Matter of Troy C….
Lee Robert Donais of Lighthouse Point Florida a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages supported by allegations that unsuitable investment recommendations were made to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01271 (Apr….
Robert Russell Tweed of San Marino California a stockbroker formerly employed by CapWest Securities Inc. has been fined $50,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Extended Hearing Panel Decision containing findings that Tweed (1) made misleading and false statements to hedge fund customers…
More than forty-five public investors filed a $5.8 million dollar securities arbitration claim against Securities America in connection with a Ponzi scheme effected by one of its registered representatives, conducting business and registered under the name of Allen Lee Hengst. The securities arbitration panel, then back in 2001 known as the NASD, or National Association…
Louis Karl Kittlaus of Chicago Illinois a stockbroker formerly registered with Wall Street Strategies Inc. has been suspended on April 10, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to confirm with FINRA whether he complied with FINRA Arbitration No. 15-02941 (Dec. 8,…
William Weaks Brennan of Chesterfield Missouri a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $22,978.25 in damages supported by accusations that equity transactions were executed in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority…
John Matthew Kurzhal of Minneapolis Minnesota 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 accusations that he neglected to provide FINRA with a response to its request for information concerning Kurzhal’s business activities. Case No. 2018056841201…
James Richard Tuberosa of Sun City Center Florida a stockbroker employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages based upon allegations that the customer’s assets had been mishandled wherein options and equities transactions had been inappropriately traded. Financial Industry…
Richard Albert Seefried of Centennial Colorado a stockbroker formerly employed by Spencer Edwards Inc. 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 he made unsuitable investment recommendations to customers concerning convertible notes. Letter of Acceptance Waiver and Consent…
Barbara Bonnie Fox of Hampton Virginia a stockbroker formerly registered with SunTrust Investment Services Inc. has been discharged by the firm on April 5, 2018 supported by accusations that Fox procured a loan from one of the firm’s customers despite failing to procure approval from SunTrust Investment Services. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Jeffrey Michael Stillwell of Freehold New Jersey a stockbroker formerly employed by Allstate Financial Services, LLC is referenced in a customer initiated investment related written complaint on January 17, 2018 where the customer requested $149,271.00 in damages supported by accusations that Stillwell supposedly failed to inform the customer that the customer’s variable annuity income riders…
Gary Nelson Savage Sr. of Huron Ohio a stockbroker and principal formerly registered with Wall Street Strategies Inc. has been fined $30,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to disclose customer disputes and timely cooperate with FINRA’s investigatory…
Joseph John Weinrich Sr. of Overland Park Kansas a stockbroker formerly registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related written complaint on May 15, 2018 where the customer requested $225,000.00 in damages founded on accusations of (1) omissions of risk (2) negligence (3) breach of fiduciary duty and…
Vincent Michael Magee of Marco Island Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on January 18, 2018 where the customer alleged that on August 18, 2017, a variable annuity purchase had been effected without the customer’s consent. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Alexis Lertora of Miami Florida a stockbroker formerly employed by CP Capital Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Lertora (1) made omissions and misrepresentations to customers (2) made unsuitable investment recommendations and (3) lacked an adequate basis to…
Roger Charles Faubel of Boardman Ohio a stockbroker formerly employed by National Securities Corporation has been discharged on November 2, 2017 founded on accusations that Faubel disseminated customer account information in violation of the firm’s policy. This is not the first time that Faubel has been terminated for alleged misconduct. Particularly, on October 12, 2007,…
Eric Todd Stuckey of Suwanee Georgia a stockbroker currently employed by Invest Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested $220,000.00 in damages founded on accusations that Stuckey (1) made misrepresentations to the customer concerning the terms and risks of variable annuity investments and (2) made…
Fadi Sami Soliman of Red Bank New Jersey a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related complaint where the customer sought $33,000.00 in damages supported by allegations that the customer was not provided information about six months of sales charges assessed to the customer pertaining to…
Kyusun Kim of San Diego California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that that he (1) made unsuitable investment recommendations to the firm’s senior customer base and (2) falsified information about…
Richard Mark Strauss of Boca Raton Florida a stockbroker formerly registered with Oppenheimer & Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that (1) unsuitable recommendations had been made to the customer (2) the customer’s account was handled in…
John Charles Wyshak of Los Angeles California a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $1,023,460.00 in damages based upon accusations of (1) fraudulent concealment (2) breach of contract (3) conversion (4) omission of material facts (5) churning (6) breach…
Eugene Henry Freund of New York New York 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 $500,000.00 in damages supported by accusations that the customer was placed in unsuitable municipal bonds between 2001 and 2016. Financial Industry Regulatory…
Nordo M. Nissi of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley Wealth Management has been terminated on April 9, 2018 supported by accusations that Nissi neglected to inform the firm about his involvement with an investment advisor and failed to procure the firm’s approval. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
John Perrin Kellar of Fort Lauderdale Florida a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on April 23, 2018 in which the customer requested damages estimated to exceed $5,000.00 founded on accusations that the customer was placed in unsuitable certificate of deposit investments…
James W. Stowell of Peoria Illinois a stockbroker formerly employed by Robert W. Baird Co. Incorporated 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 transactions in a customer’s account. Letter of Acceptance Waiver and Consent…
Taj Zachary Rohr of Parkersburg West Virginia a stockbroker currently registered with BB&T Investment Services Inc. has been discharged from the firm on June 29, 2017 supported by accusations that Rohr furnished false details to the firm concerning a customer’s source of funds utilized to purchase annuities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
John Thomas Holly Sr of National Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations including (1) breach of contract (2) negligence and (3) breach of fiduciary duty relating to the customer’s government debt investments. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Alana Marie Lewis of New London Wisconsin 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 allegations that Lewis neglected to provide FINRA with a response to its request for her information. Case No. 2016051358201 (Jan. 2, 2018). FINRA…
John William Carroll of Maumee Ohio a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. has been discharged by the firm on January 29, 2018 supported by accusations that he neglected to abide by the firm’s correspondence policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Carroll has been identified in two…
Bruce Anthony Zaro of Plymouth Massachusetts a stockbroker formerly employed by Bolton Global Capital has been terminated on January 30, 2018 founded on allegations that Zaro furnished customer account documents to the firm that the customer’s beneficiaries apparently never signed. FINRA Public Disclosure additionally reveals that on May 24, 2000, a customer initiated investment related…
Sean William Killoran of New York New York a stockbroker formerly registered with Scotia Capital (USA) Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Killoran failed to cooperate with FINRA personnel during FINRA’s investigation into his potential mismarking of securities transactions. Department of Enforcement v. Sean William Killoran…
Holly Marie Maurer of Southfield Michigan a stockbroker formerly registered with CoreCap Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $222,000.00 in damages founded on accusations that Maurer participated in a scheme involving the theft of the customer’s funds. Financial Industry Regulatory Authority (FINRA) Arbitration…
Will S. Schneider Henriquez of Brooklyn New York a stockbroker formerly registered with Network 1 Financial 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 he mismarked customer order tickets and placed unauthorized trades in customers’ accounts….
Weisheng Wang (also known as Weisheng Wilson) of Warren New Jersey a stockbroker formerly registered with NYLife Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,132,800.00 in damages founded on allegations that the customer was induced to purchase a variable life insurance policy based on…
Dakota Securities International Inc. has been expelled from Financial Industry Regulatory Authority (FINRA) membership according to an Office of Hearing Officers Hearing Panel Decision containing findings that the firm failed to supervise its vice president Bruce M. Zipper and enabled Zipper to associate with the firm despite FINRA having disqualified him. Department of Enforcement v….
Stefan Anton Pastor of Fort Lauderdale Florida a stockbroker formerly registered with Raymond James Financial Services Inc. and advisor formerly employed by Provenance Wealth Advisors has been discharged by those firms on April 3, 2018 and April 6, 2018 founded on allegations that Pastor violated the firms’ policies. The firms reported receipt of a customer…
Barry F. Connell a Morgan Stanley stockbroker from Ridgewood, New Jersey “allegedly” stole or misappropriated approximately $7 million from several his clients in more than 110 transactions. Connell was charged by the SEC in February 2017, has been criminally charged by the U.S. Attorney’s Office for the Southern District of New York. These charges remain…
Shane Jason Kelly of Port Saint Lucie Florida a stockbroker formerly registered with LPL Financial LLC had been suspended with associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kelly failed to provide FINRA with a response to its request for his information. Case No. 2017054666601 (Jan. 29,…
Jack Wendell Griffith Jr. of Columbia South Carolina a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $200,000.00 in damages supported by allegations that (1) fiduciary duties had been breached (2) the customer’s assets were overconcentrated in over-the-counter equities and…
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 requested $970,000.00 in damages supported by accusations including (1) suitability (2) securities fraud and (3) misrepresentation relating to municipal debt transactions executed in the customer’s…
Patrick Fernando Infante of Beverly Hills California a stockbroker employed by Wells Fargo Clearing Services, LLC has been discharged by the firm on July 18, 2017 founded on allegations that he established customers’ accounts without their permission. Does any of this sound familiar. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on August 14,…
James Patrick Acosta of New York New York a stockbroker formerly employed by 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 he failed to cooperate with FINRA in an investigation into accusations of Acosta’s outside business activities….
Susan E. Gnall of Morristown New Jersey a stockbroker registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer alleged unspecified damages supported by accusations that Gnall excessively effected municipal debt trades in the customer’s investment account between February of 2014 and April of 2016. Financial Industry Regulatory…
Alexander Lloyd Martin of Troy Michigan a stockbroker and former president of CSSC Brokerage Services Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Martin consenting to findings that he failed to supervise a registered representative who made unsuitable investment recommendations in…
Atiq Urrehman Khan of Covina California a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to make an appearance for FINRA personnel during an investigation into Khan’s apparent improper solicitation of securities. Department of Enforcement v. Atiq U. Khan…
Gregory John Richards of Scottsdale Arizona a stockbroker currently registered with Centaurus Financial is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages supported by allegations that unsuitable investment recommendations had been made to the customer concerning real estate security and fixed annuity products. Financial Industry Regulatory Authority…
Ryan Owen Tarjanyi of Kettering Ohio a stockbroker employed by Bankers Life Securities Inc. has been discharged by the firm on March 30, 2018 based upon allegations that Tarjanyi failed to be forthcoming in an investigation into his activities. FINRA Public Disclosure additionally reveals that on February 20, 2018, a customer initiated investment related complaint…
James Henry Duffy of Riverhead New York a stockbroker registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on April 12, 2018 in which the customer alleged that municipal and corporate debt investments were purchased in the customer’s accounts that were not appropriate for the customer. Financial Industry Regulatory…
Kyle George Corgan of Syosset New York a stockbroker formerly employed by Fidelity Brokerage Services is referenced in a customer initiated investment related written complaint on March 10, 2017 where the customer sought $35,000.00 in damages based upon allegations that Corgan neglected to explain the tax ramifications pertaining to managed account and equity product transactions….
Brian Patrick Kelly of Canton Ohio a stockbroker formerly employed by LPL Financial LLC has been ordered by the State of Ohio Division of Securities to cease and desist engaging in conduct violative of Ohio Securities Act based upon consenting to findings that Kelly traded in a customer’s account without authorization. In the Matter of:…
Simon Boowon Song of Los Angeles California a stockbroker formerly employed by AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Song neglected to provide FINRA with a response to its request for information. FINRA Case No. 2017055196201 (Jan. 8, 2018)….
Christopher Guocthai Nguyen of Fort Worth Texas a stockbroker formerly registered with TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide information to FINRA concerning his activities. Case No. 2017055956001 (Apr. 12, 2018). FINRA Public Disclosure reveals…
Frank Charles Wroblewski of Southampton New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been discharged on January 22, 2018 founded on allegations that he took part in a private securities transaction; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wroblewski has been identified…
Donald Lane Preston of Worthington Ohio a stockbroker formerly registered with PFS Investments 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 Preston made unsuitable investment recommendations to customers and false statements to his employer….
Daniel John Bezik of Mentor Ohio a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related written complaint on January 5, 2018 where the customer requested damages estimated to exceed $5,000.00 founded on accusations that between December 15, 2016 and January 5, 2018, Bezik neglected…
Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he neglected to provide FINRA with information during an investigation into his activities. Case No. 2017055553001 (Nov. 24, 2017)….
Scott David Curtis of Great Neck New York a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon accusations that (1) misrepresentations and omissions had been made to the customer and (2) unsuitable mutual…
Andrew Jay Lowe of Centre Alabama a stockbroker formerly employed by Sterne Agee Financial Services 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 upon consenting to findings that he made unsuitable investment recommendations. Letter of Acceptance Waiver and Consent…
Christopher John Jacob of Town and Country Missouri a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in a customer initiated investment related written complaint which was settled for $62,500.00 in damages on August 22, 2017 based upon accusations that Jacob was placed into variable annuities that were not appropriate for the customer….
Tamara Ann Dawson of Boynton Beach Florida a stockbroker formerly employed by Essex National Securities LLC is the subject of a customer initiated investment related written complaint on January 17, 2018 in which the customer sought $22,000.00 in damages based upon allegations that Dawson inappropriately advised the customer to hold AR Capital Healthcare Trust III…
Harold Lee Connell of Miami Florida the owner and chief executive officer of CP Capital Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Connell (1) made omissions and misrepresentations to customers (2) sold unsuitable investments and (3) failed to supervise…
Jeffrey Alan Nedley of Washington Pennsylvania a stockbroker formerly employed by PNC Investments is the subject of a customer initiated investment related arbitration claim where the customer sought $5,000,000.00 in damages based upon allegations that unsuitable investment recommendations had been made to the customer concerning variable and fixed annuities. FINRA Arbitration No. 16-02420 (Sept. 1,…
Benjamin Kevin Chappell of Salt Lake City Utah a stockbroker registered with Hornor Townsend Kent Inc. has been discharged by the firm on January 12, 2018 founded on allegations of unauthorized trading having been effected in a customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Chappell is referenced in two customer initiated…
Terry Lee McCoy of Palm Harbor Florida a stockbroker and supervisor employed by Morgan Stanley has been fined $75,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that he failed to supervise two registered representatives that placed excessive and unsuitable trades in…
Marc Frederick Strasser of Boca Raton Florida a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon accusations that unsuitable municipal debt transactions had been executed in the customer’s account between 2011 and 2016. FINRA Arbitration No….
Grover Vance Hinebaugh Jr. of Lady Lake Florida a stockbroker currently employed by NYLife Securities LLC is the subject of a customer initiated investment related complaint on January 12, 2018 in which the customer requested $19,369.85 in damages based upon allegations that the customer was inappropriately advised to liquidate bond investments and buy a variable…
Thomas Wayne Chandler of Fresno California a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on January 16, 2018 supported by accusations that Chandler placed transactions in a customer’s investment account that were not authorized by the customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chandler has been…
Nicholas Modesto Disesso of Florham Park New Jersey a stockbroker registered with Ameriprise Financial Services Inc. has been discharged from the firm on February 12, 2016 founded on allegations that he violated the firm’s policies concerning (1) outside business activities (2) borrowing from customers and (3) disclosures required by FINRA. Financial Industry Regulatory Authority (FINRA)…
Steven Roland Knuttila of Pernam Minnesota 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 based upon consenting to findings that Knuttila failed to cooperate with a FINRA investigation into allegations of his unsuitable investment recommendations. Letter of Acceptance…
Benjamin Solomon of New York New York a stockbroker and supervisor formerly registered with Deutsche Bank Securities Inc. has been fined $165,000.00 and suspended by Securities and Exchange Commission (SEC) for twelve months from associating with any broker dealer or investment adviser according to an Order Instituting Administrative Proceedings pursuant to Section 15(b) of the…
Bruce Edward Breeding of Malvern Pennsylvania a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related written complaint on February 16, 2018 in which the customer requested $25,000.00 in damages based upon allegations that misrepresentations had been made concerning a variable universal life insurance policy purchased by the…
Robert Neal Kampfer of Woodbury New York a stockbroker employed by Ameriprise Financial Services Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation commencing on February 16, 2018 concerning accusations of Kampfer violating (1) FINRA Rules 2010 and 2111 by effecting unsuitable mutual fund trades in customer accounts and (2) FINRA Rule…
John Dale Ernst of San Diego California a former Foresters Equity Services Inc. registered representative is referenced in a State of Wisconsin investigation on November 30, 2017 concerning Ernst’s activities relating to Woodbridge Group of Companies, LLC. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ernst was discharged by Foresters Equity Services, Inc. on…
Helle Romer Bannister of Harrison New York 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 supported by accusations that he failed to provide FINRA with information that was requested of him by the regulator. Case No. 2016052638801 (Oct….
Richard James Murphy of New York New York a stockbroker formerly registered with Tullett Prebon Financial Services 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 a response to its request for information. Case No….
Daniel Todd Tompkins of Boca Raton Florida a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on February 20, 2018 where the customer sought $200,000.00 in damages based upon accusations that on February 28, 2017, equities were sold from the customer’s investment portfolio without…
Wayne Earl Cooksey of Jacksonville Florida a stockbroker formerly employed by Lincoln Financial Advisors Corporation 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 honor FINRA’s request for his information. Case No. 2017054598201 (Nov. 13, 2017). FINRA Public Disclosure…
John William Bach Jr. of Springboro Ohio a stockbroker registered with Harbor Financial Services LLC has been discharged on February 2, 2018 supported by accusations that (1) Bach failed to follow the firm’s policies and instructions concerning the establishment of an investment account and (2) Bach potentially designated himself as the broker of customers’ investment…
Michael Victor Mortensen of Dawson James Securities Inc. is the subject of a customer initiated investment related written complaint on August 5, 2017 in which the customer requested $7,029.00 in damages supported by allegations that an unauthorized stock purchase was executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Mortensen…
Morey Herbert Goldberg of Wynnewood Pennsylvania a stockbroker formerly employed by M Holdings Securities Inc. 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 he engaged in undisclosed outside business activities while registered with the firm. Letter of Acceptance…
Kenneth K. Jobson of Saint Petersburg Florida a stockbroker formerly employed by 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 based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver and Consent…
Milton Lyman Knowlton of Memphis Tennessee a stockbroker currently registered with MML Investors Servcies LLC is the subject of a Tennessee Department of Commerce and Insurance investigation launched on February 6, 2018 concerning allegations that Knowlton effected an unsuitable replacement of a customer’s annuity policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on…
Christopher R. Bice of Phoenix Arizona a stockbroker currently employed by Sagepoint Financial Inc. is the subject of a customer initiated investment related written complaint on February 9, 2018 where the customer sought $125,000.00 in damages supported by accusations that the customer was not provided information about commissions charged on real estate investment trust and…
Donnell Noah Bowen of Washington District of Columbia a former Northwestern Mutual Investment Services 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 he failed to testify before FINRA personnel and provide documentation relating to an investigation into accusations…
Ellen Vratoric of Glassport Pennsylvania 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 according to an Office of Hearing Officers Default Decision containing findings that Vratoric failed to testify in a FINRA investigation into accusations of her violative…
Steven Harman Mogul of Northbrook Illinois a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on March 30, 2018 where the customer sought $36,923.25 in damages founded on accusations that between March 21, 2014 and February 27, 2018, Mogul (1) breached his fiduciary obligation…
Christopher Todd Wendel of Celina Ohio a stockbroker formerly registered with SA Stone Wealth Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his employer and falsified testimony in a FINRA investigation into accusations of his…
Benjamin Arnold Kuehn of Sandy Utah a stockbroker formerly registered with E*Trade Securities LLC is referenced in a customer initiated investment related written complaint on January 27, 2017 where the customer requested $6,211.00 in damages based upon allegations that mutual fund transactions placed in the customer’s account were not suitable for the customer. FINRA Public…
Rafael Golan of Delray Beach Florida a president and chief compliance officer currently employed by Crystal Bay Securities Inc. is referenced in a Financial Industry Regulatory Authority (FINRA) investigation launched on November 30, 2017 pertaining to allegations that Golan committed violations of FINRA rules and federal securities laws. FINRA Public Disclosure reveals that Golan potentially…
Brian A. Hazan of New York New York a stockbroker formerly employed by HSBC Securities (USA) Inc. is referenced in a customer initiated investment related written complaint on February 11, 2018 where the customer alleged that the customer’s investment funds had been misappropriated. FINRA Public Disclosure additionally confirms that on May 22, 2008, a customer…
Bradley Everett Gardner of Fort Bragg California 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 he converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2017055975701 (June 4, 2018). According to…
Zachary Evan Feinsilver of North Miami Beach Florida a stockbroker currently registered with FMSbonds Inc. is referenced in a customer initiated investment related written complaint on February 12, 2018 in which the customer requested $75,000.00 in damages supported by allegations that (1) the customer’s municipal debt purchases and sales were induced by Feinsilver’s misrepresentations and…
John Douglas Wade of Fullerton California a stockbroker formerly registered with U.S. Bancorp Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a U.S. Bancorp customers’ funds. Letter of Acceptance Waiver and Consent No. 2018058354101 (June 4, 2018)….
Jeffrey Paul Weiner of Elmsford New York a stockbroker formerly employed by MSI Financial Services Inc. is referenced in a customer initiated investment related written complaint on February 15, 2018 in which the customer alleged that premium payment requirements were not communicated to the customer concerning a variable life insurance policy. Financial Industry Regulatory Authority…
James Edward Lyons of Shreveport Louisiana 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 based upon consenting to findings that he obstructed a FINRA investigation into allegation of his unauthorized trading in customer accounts. Letter of Acceptance…
Kevin Edward Looser of Lakeview Ohio a stockbroker formerly employed by Sigma Financial 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 he engaged in unapproved private securities transactions while associated with Sigma Financial Corporation….
Gloria Ann Walas of Pepper Pike Ohio a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on February 26, 2018 where the customer alleged that the customer’s municipal bond investment was induced by misrepresentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on July…
Mark S. Katz of Houston Texas a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $866,000.00 in damages supported by allegations that (1) unsuitable recommendations had been made to the customer concerning investment reallocations and (2) misrepresentations were made…
John Cornelius Troutman Jr. of Beaufort South Carolina a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 26, 2018 where the customer alleged unsuitable investment recommendations to have been made to the customer between September 1, 2014 and February 26, 2018….
Tyler Gene Harrelson of Fort Meyers Florida a stockbroker employed by Sagepoint Financial Inc. has been discharged by the firm on February 26, 2018 founded on accusations that Harrelson failed to make required disclosures to the firm concerning his alleged misconduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Harrelson is referenced in three…
Sean Aaron Brady of Saint Louis Missouri a stockbroker formerly employed by First Allied 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 provide documents and information to FINRA in an investigation into allegations of his sales practice…
Archibald Adam Walker of Great Neck New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages founded on accusations that Walker converted a customer’s funds in the course of effecting a real estate transaction….
Thomas Edward Andrews of Salt Lake City Utah a former LPL Financial LLC registered representative has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 containing findings that Andrews committed securities fraud. In the Matter…
Terance Treadwell Power of Beverly Hills California a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint which settled for $65,413.00 on April 26, 2018 supported by accusations that in September 2017, misrepresentations had been made to the customer concerning investments and mutual…
William Shane Milton Hall of Rochester New York a former MML Investors Services LLC registered representative has been discharged by the firm on January 16, 2018 founded on accusations that Hall failed to abide by the firm’s affiliate procedures and policies concerning traditional life insurance policy replacements. This is not the first time that Hall…
James Benjamin Farris of San Francisco 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 all capacities supported by accusations that he neglected to respond to FINRA’s request for his information. Case No. 2017053325801 (May 7, 2018). FINRA…
Mark Lee Tevebaugh of Indian Harbour Beach Florida a stockbroker currently employed by Next Financial Group Inc. is the subject of a customer initiated investment related written complaint on February 6, 2018 where the customer sought $110,000.00 in damages based upon accusations that Tevebaugh effected a real estate investment trust transaction in the customer’s account…
Casey Thomas Rodriguez of Farmingdale New York a stockbroker formerly registered with Arive Capital Markets has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to provide FINRA with information requested of him in regard to his activities. Case No. 2017054592101 (Oct. 24,…
Joseph Dominick Quinzi of Staten Island New York a stockbroker formerly registered with First Standard Financial Company LLC has been suspended on March 31, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to confirm with FINRA whether he complied with FINRA Arbitration No….
Michael Scott Christians of Plano Texas a stockbroker formerly employed by Morgan Stanley Smith Barney LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Christians forged a customer’s signature on account documentation. FINRA Public Disclosure confirms that Christians has been discharged by Morgan Stanley on January 3, 2018 based…
John Robert Morris of Warren New Jersey a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,300,000.00 in damages founded on allegations that between 2011 and 2015, energy sector investments and municipal bonds had been misrepresented to the customer…
Marcus Duane Parker of Santa Fe New Mexico a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into allegations that he misappropriated funds…
Bradley Leo Renberg of West Des Moines Iowa a stockbroker currently employed by Ameriprise Financial Services is referenced in a customer initiated investment related written complaint on February 9, 2018 in which the customer sought $5,000.00 in damages based upon allegations that in 2017, Renberg effected unauthorized trades in the customer’s account and made investment…
David Aaron Seigerman of Bedminster New Jersey a stockbroker formerly registered with Janney Montgomery Scott LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to a request by FINRA for Seigerman’s information. Case No. 2016050466901 (July 29, 2016). FINRA…
Truitt Scott Ficklin of Muncie Indiana a stockbroker formerly employed by Cetera 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 he failed to provide FINRA with a response to the regulator’s request for Ficklin’s information. Case No. 2017055548901…
Sara Rene Wilhite of Vista California a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to provide information to FINRA concerning her business activities. Case No. 2017055517301 (Feb. 20, 2018). Wilhite was suspended by…
Todd Michael Niedermeyer of San Francisco California a stockbroker currently employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related written complaint on February 22, 2018 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that on November 9, 2016, Niedermeyer executed unauthorized sales of stock…
Joseph Anthony Zarlenga of Bradenton Florida a stockbroker currently registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on February 5, 2018 where the customer sought $40,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning the performance of the customer’s exchange traded…
Brian Patrick Hurley of Braintree Massachusetts a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of Hurley’s failure to provide FINRA personnel with information that was requested of him. Case No. 2017054610101 (Feb. 20, 2018). FINRA…
Craig S. Forster of Hawthorne New York a stockbroker formerly employed by Andrew Garrett Inc. is referenced in a customer initiated investment related arbitration claim which settled for $165,000.00 in damages founded on allegations including (1) breach of fiduciary duty (2) breach of contract and (3) suitability relating to stock trades executed in the customer’s…
Tahesin Hussein Somji of Fort Worth Texas a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on February 23, 2018 where the customer requested unspecified damages supported by allegations including unsuitable investment recommendations and misrepresentation between 2008 and 2018 in regard to…
Leona Lynn Parsons of Imperial Beach 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 based upon consenting to findings that she failed to cooperate with FINRA personnel in an investigation into Parsons’ alleged unauthorized withdrawals from a…
Anthony Gerald Polak (also known as Tony Polak) a stockbroker currently registered with Aegis Capital Corp. is referenced in a customer initiated investment related arbitration claim where the customer requested $7,927.46 in damages founded on allegations that the customer’s investment portfolio had poorly performed between December 31, 2017 and February 8, 2018. Financial Industry Regulatory…
Nas Adel Allan of New York New York a stockbroker formerly registered with Meyers Associates L.P. (now known as Windsor Street Capital LP) has been fined $2,500.00 and suspended 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…
Newport Coast Securities Inc. a former Financial Industry Regulatory Authority (FINRA) member brokerage firm headquartered in New York New York and stockbrokers Douglas Anthony Leone and Andre V. La Barbera are subject of a FINRA National Adjudicatory Council Decision which affirmed FINRA’s Extended Hearing Panel’s findings that (1) the firm and its stockbrokers churned customer…
Todd Debower Beddard of Charlotte North Carolina a stockbroker formerly registered with T.R. Winston Company LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $160,000.00 in damages supported by accusations that an unsuitable private investment transaction was consummated with the customer’s funds. Financial Industry Regulatory Authority (FINRA)…
Dominick Joseph Diorio Jr. of Melville New York a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related arbitration claim in which the customer sought $769,690.00 in damages founded on accusations that inappropriate investment recommendations had been made to the customer and unauthorized trades were effected in the customer’s…
Joseph John Oakes III of Livingston New Jersey a stockbroker currently registered with Signator Investors Inc. is the subject of a customer initiated investment related civil action where the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations of breach of contract relating to the customer’s insurance policy. Civil Action No. MRS-L-2766-17…
Capitol Securities Management Inc. is a brokerage firm headquartered in Glen Allen Virginia has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on the firm’s consent to findings that it failed to reasonably supervise its business practices to prevent trading of unit investment trusts on an unsuitable basis. Letter…
John Belk Daughtridge of Mount Pleasant South Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on February 26, 2018 supported by accusations that Daughtridge disseminated investment related information without authorization from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Daughtridge has been identified in…
John Michael Krohn of West Des Moines Iowa a stockbroker formerly employed by Principal Securities Inc. has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions and outside business activities. Letter…
Maria Nancy Tamburro of Florham Park New Jersey a stockbroker formerly registered with Ameriprise 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 she effected unauthorized trades in customer accounts and failed to timely cooperate with FINRA’s investigation into…
Carlos Velazquez of Elgin Illinois a stockbroker formerly employed by Waddell Reed has been fined $10,000.00 and suspended for eight months 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 documentation to FINRA personnel. Letter of…
Donald Joseph Savino Jr. of Rochester New York a stockbroker registered with LPL Financial LLC has been discharged by the firm on March 30, 2017 supported by accusations that Savino engaged in private securities transactions in violation of the firm’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment…
Michael Scott Hayes of Burlington Vermont a stockbroker formerly employed by Key Investment Services LLC is referenced in a customer initiated investment related written complaint on March 10, 2016 where the customer sought $10,093.70 in damages founded on accusations that misrepresentations had been made to the customer concerning Forethought Life SecureForce Fixed Annuity and Commonwealth…
Franklin Ihendu Ogele of New York New York a former owner of Blackbook Capital 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 failed to supervise a stockbroker of the firm who placed unsuitable trades in a…
Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $94,352.90 in damages founded on accusations including (1) breach of fiduciary (2) negligence (3) suitability (4) violation of Texas Securities Act and (5) violation of FINRA rules…
William David Lancaster of Wagoner Oklahoma a stockbroker formerly registered with Arvest Wealth Management is the subject of a State of Oklahoma Department of Securities Amended Enforcement Division Recommendation seeking that Lancaster be barred for two years founded on accusations that he engaged in discretionary trading and falsified his application for agent and investment advisor…
Bo Wang of Asbury New Jersey a stockbroker registered with TFS Securities Inc. has been discharged by the brokerage firm on March 14, 2018 based upon accusations that Wang (1) executed unauthorized trades in customer accounts and (2) distributed unapproved advertising materials to customers concerning real estate investment trusts and structured notes products and (3)…
David Michael Logsdon of Hailey Idaho a stockbroker formerly registered with Wells Fargo Advisors is referenced in a customer initiated investment related complaint on March 22, 2018 where the customer sought more than $5,000.00 in estimated damages based upon accusations that Logsdon failed to liquidate the customer’s stock holdings from the customer’s wrap account. Financial…
David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly employed by Signator Investors Inc. is referenced in a Michigan Department of Licensing and Regulatory Affairs investigation into accusations that Ferwerda sold securities to customers that were neither registered nor exempt from registration in the state. FINRA Public Disclosure reveals that Ferwerda has been discharged…
Myles Reid Blechner of New York New York a former chief compliance officer of Lebenthal Co. LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,200,000.00 in damages supported by allegations that the customer was placed in private funds that were seized by Securities and Exchange Commission…
Darnell Kenneth Mote of Jacksonville Florida a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA has recommended that an enforcement action be pursued against Mote based upon allegations that he violated FINRA Rules 2010 and 3270 by engaging in unapproved outside…
James Albert Pettit of Glastonbury Connecticut a stockbroker formerly employed by Janney Montgomery Scott LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he declined to provide FINRA with information about his business activities. Case No. 2017054428401 (Mar. 5, 2018). FINRA Public Disclosure…
Geoffrey Scott McCash of Worthington Ohio a stockbroker formerly employed by Woodbury Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages founded on allegations that the customer was placed in energy sector private placements that were not suitable for the customer. Financial Industry…
Douglas Eric Dial of Orlando Florida a stockbroker employed by Regal Securities Inc. has been discharged on March 13, 2018 supported by accusations that Dial failed to abide by procedures adopted by the firm. FINRA Public Disclosure additionally reveals that Dial has been referenced in a customer initiated investment related complaint in which the customer…
Deborah Diane Burns (also known as Deborah Diane Kelley) of Piedmont California a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been barred by Securities and Exchange Commission (SEC) from association with a broker or investment advisor in all capacities based upon an Order Instituting Administrative Proceedings in which Burns consented to SEC’s…
Matthew I. Levine of Middleburg Heights Ohio a stockbroker currently registered with Key Investment Services LLC is referenced in a customer initiated investment related written complaint on April 10, 2018 in which the customer requested $10,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning Pacific Life Discovery Xelerator IUL…
John William Cutshall of Baltimore Maryland a stockbroker currently registered with Lombard Securities Incorporated is subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA recommended that a disciplinary action be brought against Cutshall for (1) converting a customer’s funds (2) failing to make required disclosures to Cutshall’s employing firms in reference to…
Robert James Perta of Oak Brook Illinois a former registered representative of Transamerica Financial Advisors Inc. is the subject of a customer initiated investment related civil action in which the customer requested $4,279,093.00 in damages based upon allegations that the customer’s financial information was provided to an unauthorized recipient as part of a scheme to…
John Francis Wilson of Hingham Massachusetts a stockbroker formerly registered with Charles Schwab Co. Inc. has been permanently barred in all capacities by the Securities Division of the Commonwealth of Massachusetts based upon Wilson’s consent to findings that he forged a customer’s signature on an annuity application in violation of Sections 101 and 204(a)(2)(G) of…
Alexis Lertora of Miami Florida a stockbroker formerly employed by CP Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA recommended that enforcement action be brought against Lertora for defrauding investors and making unsuitable recommendations to customers pertaining to promissory notes investments. Wells Notice Examination No. 20160514937 (Apr….
Andre Kapulenui Kaluna of Avondale Arizona a stockbroker currently registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on February 1, 2018 in which the customer requested $36,451.00 in damages supported by allegations that between April of 2017 and December of 2017, the customer’s instructions were not followed regarding…
Michael Frank Vetere of Matawan New Jersey a stockbroker formerly registered with Ameritas Investment Corp. has been discharged by the firm on March 18, 2016 supported by accusations that Vetere (1) failed to appropriately disclose a customer’s source of funds used for purchasing a variable annuity (2) failed to be forthcoming to the firm in…
Windsor Street Capital L.P. (formerly known as Meyers Associates L.P.) a brokerage firm headquartered in New York New York has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that the firm engaged in a scheme to defraud investors. Department of Enforcement v. Windsor Street Capital LP et al. Disciplinary Proceeding No….
Peter Lee Swanson of Lakewood Colorado a stockbroker currently registered with Edward Jones is the subject of a customer initiated investment related civil action in which the customer requested more than $5,000.00 in damages based upon accusations that (1) unsuitable investment recommendations had been made to the customer (2) fiduciary duties had been breached (3)…
Anthony John Leopizzi of White Plains New York a stockbroker currently employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $60,000.00 in damages based upon accusations that (1) the customer’s account was mismanaged and (2) unsuitable energy-sector equity transactions were effected in the customer’s…
Peter David Holler of Bristol Tennessee a stockbroker formerly employed by Securities Service Network has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver and Consent No….
Roger Alan Klinger of Indianapolis Indiana a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations that master limited partnership and unit investment trust transactions were effected in the customer’s account that were neither…
Kevin James Palmer of Scottsdale Arizona a stockbroker formerly registered with First Allied Securities Inc. has been discharged by the firm on February 6, 2018 founded on accusations that Palmer violated the firm’s policies by placing trades in two customer accounts on a discretionary basis without first procuring written authorization from the customer and First…
Dennis Albert Mehringer Jr. of Passadena California a stockbroker formerly registered with Western International Securities Inc. has been fined $50,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that Mehringer made unsuitable recommendations to…
Kathryn Renee Charpie (also known as Kathryn Renee Stevens) of Overland Park Kansas a stockbroker registered with LPL Financial LLC has been discharged on February 6, 2018 based upon accusations that Charpie entered into an unauthorized borrowing arrangement in violation of LPL Financial policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December…
Ashish D. Mathur of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 1, 2018 where the customer alleged that (1) misrepresentations and omissions had been made to the customer concerning foreign-debt investments and (2) unsuitable investment…
Michael Todd Clements of Wellington Florida the former chief executive officer and co-owner of Avenir Financial Group is subject of a National Adjudicatory Council Decision which affirmed FINRA’s Hearing Panel’s bar of Clements from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to findings that Clements (1) made omissions and…
Cara Michelle Paynter of Foothill Ranch California a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $150,000.00 in damages founded on accusations that Paynter poorly advised the customer regarding transactions executed in the customer’s variable annuity account. Financial Industry…
Harold Francis Couglar of San Diego California a stockbroker formerly registered with Montage 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 (1) failed to report his discretionary trading of customer accounts held away from Montage Securities and (2)…
Eugene Lee Webb of Salem Oregon a stockbroker formerly employed by GVC Capital LLC is the subject of a customer initiated investment related written complaint on March 20, 2018 where the customer sought $160,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer (2) unsuitable equity and direct investment product…
Michael Milad Tanha of Beverly Hills California a registered representative formerly employed by Boulevard Family Wealth has been terminated on March 7, 2018 based upon allegations that Tanha engaged in outside business activities while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 17, 2017, Tanha was terminated…
Herbert Voss Jr. of Beverly Hills California a stockbroker registered with StockCross 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 FINRA in an investigation into accusations of his unauthorized trading in customer accounts….
Brian John Hussey Jr. of Tampa Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. has been suspended for seven 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 a customer and falsified Ameriprise’s records and books….
Ron Ray Willoughby Junior of Tempe Arizona a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint which settled for $33,035.29 on January 9, 2018 founded on accusations that unit investment trust transactions were executed in the customer’s account that were not suitable for the customer. Financial…
Andrew H. Bloom of Chicago Illinois a stockbroker currently registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages founded on allegations that (1) unsuitable investment recommendations had been made to the customer concerning master limited partnerships and oil…
Philip Hearl Hamilton of Arlington Texas a stockbroker employed by Hilltop Securities Independent Network Inc. has been discharged by the firm on March 13, 2018 supported by allegations that Hamilton violated the firm’s policies by effecting trades in a customer’s account that was deceased. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on August…
Todd Roland Meier of Inver Grove Heights Minnesota a stockbroker employed by Feltl Company has been discharged by the firm on April 30, 2018 based upon allegations that Meier failed to abide by the procedures and policies of the company. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that a customer initiated investment related…
Kelly Marvin Barnett of Sarasota Florida a stockbroker formerly employed by MSI Financial Services has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he executed trades in customers’ accounts without authorization and falsified account documentation in…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which settled on March 1, 2017 for $10,722.00 supported by accusations that misrepresentations had been made to the customer regarding structured products investments. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
Kimball Stanley Bullard of Boston Massachusetts a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $25,000.00 in damages supported by accusations that Bullard misrepresented the fees for investment advisory services and overcharged the customer. Letter of Acceptance Waiver and…
Robert N. Newman of Los Angeles California a stockbroker currently 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 consenting to findings that executed trades in a customer’s account without securing the customer’s permission. Letter of Acceptance…
Alyssa Jean Schultz of Milwaukee Wisconsin a stockbroker registered with MML Investors Services LLC has been terminated by the firm on December 8, 2017 founded on allegations that Schultz was subject of a customer complaint and failed to preserve records in accordance with the company’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
Clark Smith Gardner of Orem Utah a stockbroker formerly employed by Cetera Advisors LLC has been barred by Securities and Exchange Commission (SEC) from associating with any brokerage firm or investment advisory according to an Order Instituting Administrative Proceedings in which Gardner consented to findings that he committed securities fraud. In the Matter of Clark…
Alan Harold New of Fort Wayne Indiana a former NYLife Securities LLC registered representative is referenced in a customer initiated investment related civil action where the customer sought $400,000.00 in damages founded on allegations that omissions were made to the customer concerning the terms and risks pertaining to the Woodbridge Mortgage Investment Fund purchased by…
David William Stewart of Erie Pennsylvania a stockbroker registered with IBN Financial Services Inc. has been discharged by the firm on March 7, 2018 supported by allegations that Stewart engaged in private securities transactions in violation of industry conduct standards and the firm’s selling away policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Emil John Skyba of Westport Connecticut a stockbroker formerly registered with Westport Capital Markets 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 he altered customer account documents. Letter of Acceptance Waiver and…
Nicole Danielle Jervis of Warren Ohio a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on March 14, 2018 in which the customer sought $10,322.00 in damages supported by allegations that mutual funds had been liquidated from the customer’s investment account without the customer’s authorization…
Shawn I. Houslin of Jacksonville Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he ignored requests from FINRA for information concerning his business activities. Case No. 2017056538101 (Feb. 23, 2018). FINRA…
Jeffrey Scot Nimmow of Chicago Illinois a stockbroker employed by Forest Securities Inc. has been discharged by the firm on March 6, 2018 based upon allegations that Nimmow (1) sold securities without being registered (2) failed to make required disclosures to the firm (3) failed to procure necessary customer account information prior to establishing an…
Karl Ronald Foust Jr. of Boca Raton Florida a stockbroker and direct participation programs representative formerly registered with H.D. Investment Services is referenced in a customer initiated investment related arbitration claim in which the customer sought $95,000.00 in damages based upon allegations that the customer’s investment in Wimbledon Health Partners LLC was both misrepresented and…
Joshua David Stamm of Lynchburg Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated 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 he sold away from the firm. Letter of Acceptance Waiver…
Shane Gavin Springman of Portage Michigan a stockbroker employed by Wells Fargo Clearing Services LLC has been discharged by the firm on March 6, 2018 based upon allegations that Springman violated the firm’s policies by borrowing funds from two of the firm’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on January 18,…
Charles Ernest Kenahan 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 sought $700,000.00 in damages based upon accusations that stock trades were effected in the customer’s account on an excessive basis and unsuitable equity…
Christopher James Bradshaw of Kings Park New York a stockbroker currently employed by Kestra Investment Services LLC is referenced in a customer initiated investment related written complaint on March 9, 2018 where the customer alleged suitability and unauthorized trading concerning the customer’s real estate security and mutual fund holdings. Apparently, the customer was placed into…
Gregory J. Anastos of New York New York a stockbroker currently registered with Windsor Street Capital LP (formerly Meyers Associates L.P.) has been suspended for four months 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…
Robert John Kostigen of Burlington Massachusetts a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on March 8, 2018 where the customer requested more than $5,000.00 in damages based upon allegations that the customer’s mutual fund investment instructions failed to be followed…
Frank Roland Dietrich of Lake Forest California a stockbroker formerly employed by Quest Capital Strategies Inc. has been terminated by the firm on March 31, 2018 supported by accusations that Dietrich engaged in undisclosed outside business activities and effected sales of investment products that were not approved by the firm. Financial Industry Regulatory Authority (FINRA)…
Daniel Lawrence Polansky of Albany New York a stockbroker employed by Wells Fargo Clearing Services has been discharged by the firm on February 27, 2018 based upon allegations that Polansky executed approximately the same investment strategy for customers with various financial circumstances while effecting transactions in customers’ accounts that reflected the same investments that Polansky…
Ricky Mills Higgins of Spartanburg South Carolina a stockbroker formerly employed by ProEquities Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized signed but otherwise blank forms to effect mutual fund transactions in…
Matthew Charles Woodard of Farmington Connecticut a stockbroker formerly registered with ProEquities Inc. has been fined $20,000.00 and barred by the Connecticut Department of Banking from transacting business in Connecticut as an investment advisor agent or broker-dealer agent according to a Consent Order containing findings that Woodard transacted business with a Connecticut investor while unregistered…
Joseph Paul Todaro of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $184,241.00 in damages supported by allegations that (1) excessive commissions had been charged to the customer for trades effected in the customer’s account…
Brandon Carl Rudolph of Las Vegas Nevada a stockbroker formerly registered with Chelsea Financial Services 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 Rudolph’s potential engagement in private securities transactions. Letter of Acceptance Waiver and…
Jonathan George Sweeney of San Diego California a stockbroker formerly employed by Navy Federal Brokerage Services, LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sweeney (1) committed securities fraud (2) made investment recommendations that were not suitable for customers and…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with G.F. Investment Services LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations of negligence and breach of fiduciary in reference to real estate security transactions executed in the customer’s investment…
Arshad Hussain of Jasper Alabama a stockbroker formerly employed by Next Financial Group Inc. has been discharged by the firm on March 14, 2018 based upon allegations that Hussain (1) effected short-term trades of investments that were designed for long-term investors and (2) misstated account applications and disclosure forms in order to conceal the customers’…
Brian Keith Decker 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 consenting to findings that he declined to cooperate with FINRA’s investigation into accusations of his misconduct. Letter of Acceptance Waiver and…
Arlo Bryan Sullivan of San Luis Obispo California a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $843,000.00 in damages based upon accusations including (1) elder abuse (2) mismanagement of the customer’s account (3) negligence (4) misrepresentation (5) breach of…
James Robert Willing of Boston Massachusetts a stockbroker registered with Morgan Stanley Wealth Management has been discharged by the firm on January 29, 2018 supported by allegations that Willing failed to be forthcoming with the firm regarding his participation in private investment transactions that had been executed away from the firm. Financial Industry Regulatory Authority…
Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages based upon accusations including (1) churning of the customer’s investment portfolio (2) violation of California Corporations Code (3) breach of…
Timary Ann Delorme of Costa Mesa California a stockbroker formerly employed by Wedbush Securities Inc. has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment adviser according to an Order Instituting Administrative and Cease-And-Desist Proceedings where Delorme consented to findings that she participated in a manipulative trading scheme. In…
Christopher Mitchell Meyers of Plano Texas a stockbroker registered with UBS Financial Services Inc. has been terminated by the firm on August 10, 2016 founded on allegations that he (1) improperly corresponded with customer concerning tax matters (2) effected unauthorized trades in a customer’s account (3) exercised discretion in two investment accounts that were not…
Drew Mansfield Johnson of Coon Rapids Minnesota a stockbroker formerly registered with Girard Securities 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 he effected securities transactions away from the firm. Letter of Acceptance Waiver…
Manuel David Lozano of Pasadena California a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon allegations of (1) misrepresentation (2) suitability and (3) elder abuse pertaining to the customer’s corporate debt investments. Financial Industry Regulatory…
Andrew Owen Brown, of Syosset New York a stockbroker formerly registered with J.D. Nicholas Associates Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon accusations that (1) the customer’s account was churned (2) fiduciary duties owed to the customer had been breached (3)…
John Cochran Maccoll of Birmingham Michigan 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 supported by allegations of his failure to provide FINRA personnel with a response to its request for Maccoll’s information. FINRA Case No. 2018057662601 (Apr….
Ronald Harris Rothchild of Garden City New York a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm and its advisory affiliate on April 8, 2016 supported by allegations that Rothchild (1) placed trades in a customer’s investment account that were neither suitable nor authorized by the customer and…
Barry Lee Garapedian of Westlake Village California a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on April 1, 2018 in which the customer requested $713,000.00 in damages founded on allegations that (1) the customer’s assets were overconcentrated in speculative investments (2) closed end fund and exchange…
Stacy Elizabeth Cheney-Jamison of Boca Raton Florida a stockbroker formerly registered with CUNA Brokerage Services 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 provide documentation and information to FINRA in an investigation into allegations of Cheney-Jamison selling…
Frank Odoi of Dallas Texas a stockbroker employed by J.P. Morgan Securities LLC has been discharged by the firm on March 27, 2018 founded on accusations that Odoi established a customer’s two investment accounts even though Odoi was not authorized to conduct business with the customer because he was not registered in the state at…
Joel Howard Weber of Saint Cloud Minnesota a stockbroker formerly registered with SII Investments, Inc. is the subject of a customer initiated investment related written complaint on April 2, 2018 where the customer requested $69,220.00 in damages based upon accusations that misrepresentations had been made to the customer concerning a variable annuity income benefit. Financial…
James Arthur Kujawski of Annapolis Maryland a stockbroker employed by UBS Financial Services Inc. has been discharged by the firm on February 20, 2018 based upon accusations that Kujawski violated the company’s policy by failing to disclose his outside investments and outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Kujawski has…
Mark Joseph Sachse of Overland Park Kansas a stockbroker employed by Ameriprise Financial Services Inc. has been discharged by the firm on March 22, 2018 based upon accusations that he violated Ameriprise’s policies by furnishing information to a customer that was misleading. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on March 5, 2018,…
Kyle Thomas Johnson of Margate City New Jersey a stockbroker currently employed by Edward Jones is referenced in a customer initiated investment related written complaint that was filed on September 12, 2016 in which the customer requested $5,000.00 in damages based upon allegations that the customer was placed into an insurance policy in April of…
Robert William Urban of Riverhead New York a stockbroker registered with Morgan Stanley has been terminated by the firm on February 28, 2018 supported by accusations that he failed to accurately and timely disclose his participation in a customer’s real estate transaction. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Urban has been identified…
Jonathan Ryan Wiley of Long Island City New York a stockbroker employed by Voya Financial Advisors Inc. has been discharged by the firm on March 14, 2018 based upon accusations that Wiley exercised discretion in customer accounts in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on February…
Paul Anthony Dangelo of Saddle Brook New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. has been discharged by the firm on March 13, 2018 founded on accusations that Dangelo neglected to apprise the firm that his activities were subject of a regulatory examination. This is not the first time that Dangelo has been…
Karley Carto of Johnston Rhode Island a former registered representative of NYLife Securities LLC is referenced in a customer initiated investment related written complaint on March 19, 2018 where the customer requested $62,370.00 in damages supported by allegations that the customer was misled in regard to two variable annuities that the customer was placed in….
Michael Lee Canney of Des Moines Iowa a stockbroker currently employed by Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations that unsuitable investment recommendations had been made to the customer for the customer’s managed account between 2007 and 2017….
Vaughn Lee Andrews-McKay of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on consenting to findings that Andrews-McKay converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2018058343001 (May 8, 2018). According to the…
Philip Orezio Fatta of New York New York a stockbroker formerly registered with Blackbook Capital LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he executed unsuitable trades in customer’s investment accounts. Letter of Acceptance,…
Joseph Martin Polanski of Fort Worth Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on March 22, 2018 where the customer requested more than $5,000.00 in damages founded on accusations that an unauthorized equity purchase was effected in the customer’s account on January 19, 2018….
Fifth Third Securities Inc. a brokerage firm headquartered in Cincinnati Ohio has been censured and fined $4,000,000.00 by Financial Industry Regulatory Authority (FINRA) founded on the firm’s consent to findings that it (1) made misstatements and omissions in the course of effecting variable annuity business (2) effected variable annuity exchanges that were not suitable for…
Norman R. Sicard Jr. of West Des Moines Iowa a stockbroker formerly employed by Broker Dealer Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate with FINRA’s investigation into accusations of him making unsuitable investment recommendations and…
David Craig Sundberg of Lincoln Nebraska a MML Investors Services LLC registered representative is the subject of a customer initiated investment related written complaint on March 15, 2018 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that Sundberg misrepresented the tax liability that the customer would be exposed to in…
Gavin Thomas Natelli of Florham Park New Jersey stockbroker currently employed by Oppenheimer Co. Inc. has been named in a customer initiated investment related civil action on March 26, 2018 where the customer sought $238,468.99 in damages founded on accusations that the customer’s investment funds had been converted. Civil Action No. MRS-L-548-18 (Mar. 26, 2018)….
James Edward Knee of Concord New Hampshire 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 consenting to findings that he obstructed a FINRA investigation into allegations of his misappropriation of customer funds. Letter of Acceptance, Waiver…
Daeil Dave Ro of Bellevue Washington a stockbroker and investment advisor formerly employed by Ameriprise Financial Services Inc. has been barred by The State of Washington Department of Financial Institutions from being owner or principal of a broker dealer and ordered to cease and desist from violating the Securities Act of Washington’s anti-fraud provisions based…
Fernando Batista Martins of Morristown New Jersey a stockbroker formerly registered with HSBC Securities (USA) Inc. is the subject of a customer initiated investment related written complaint on October 31, 2016 in which the customer requested $60,000.00 in damages founded on allegations that (1) transactions were placed in the customer’s account that were not suitable…
Gregory Alan Fulcher of Gonzales Louisiana a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on November 2, 2016 where the customer sought $15,745.13 in damages supported by allegations that (1) the customer was inappropriately guided to the purchase of a variable annuity (2)…
Richard Kyle Taylor of Duluth Georgia a stockbroker formerly registered with PFS Investments 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. Letter of Acceptance Waiver and Consent No. 2016049902901 (Apr….
Alan Dean Schmidgall of Jersey City New Jersey a stockbroker currently employed by Geneos Wealth Management Inc. is referenced in a customer initiated investment related written complaint which was resolved for $16,147.71 in damages based upon allegations that investment recommendations made to the customer were not suitable. FINRA Public Disclosure confirms that Schmidgall has been…
Brian Patrick Murphy of Yardley Pennsylvania 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 accusations that he failed to respond to a request from FINRA concerning Murphy’s business activities. Case No. 2016050677201 (Jan. 30, 2017). Murphy was…
Eric Lloyd Vogen of Davidson North Carolina a stockbroker currently registered with FSC Securities Corporation is the subject of a customer initiated investment related written complaint which was resolved on March 20, 2017 for $15,000.00 in damages supported by allegations that the customer was not provided information about income benefit provisions on a variable annuity….
Oscar Francis of Fort Lauderdale Florida a stockbroker formerly registered with MML Investors Services, LLC is referenced in a Florida Department of Financial Services investigation that was launched on October 23, 2017 concerning the circumstances surrounding Francis’ termination from MML Investor Services. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Francis was terminated from…
Robert Holmes Gunning of Fresno California a stockbroker formerly employed by Principal Securities Inc. has been terminated from employment on February 8, 2018 following the firm’s investigation into Gunning’s activities for possible excessive trading in customer accounts. FINRA Public Disclosure confirms that Gunning has been identified in two more customer initiated investment related disputes pertaining…
Harold Lee Connell of Miami Florida a stockbroker formerly employed by CP Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice where FINRA recommended that a disciplinary action be pursued against Connell alleging that he committed fraud and effected promissory notes and private placement transactions that were not suitable for…
Richard Dell Dunagan of Austin Texas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $261,521.05 in damages founded on allegations that trades were executed in the customer’s account on an excessive and unsuitable basis from 2007 to 2016. Financial Industry…
Ankur Bhatia of Lake Forest Illinois a stockbroker formerly employed by Fifth Third Securities Inc. is the subject of a customer initiated investment civil action filed in the United States District Court for Northern Illinois where the customer sought $50,000.00 in damages based upon allegations that unauthorized trades were effected in the customer’s account and…
Karl Horace Romero of Santa Ana California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon accusations that the customer received recommendations that were not suitable concerning limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Robert Barry Jones of Saint Augustine Florida a stockbroker formerly employed by Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to respond to FINRA after information had been requested of him. Case No. 2016051269601 (Oct. 16, 2017). FINRA Public…
William Upchurch Jr. of Largo Maryland a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to provide FINRA with a response to FINRA’s request for Upchurch’s information. Case No. 2015047841901 (Nov. 1, 2016). Apparently,…
David Wayne Woolford of Philadelphia Pennsylvania a stockbroker formerly registered with J.P. Morgan Securities LLC is the subject of a customer initiated investment related written complaint which settled on July 28, 2017 for $9,998.46 in damages based upon allegations that between October 1, 2013 and March 15, 2017, the customer was placed in a common…
Roderick Yzaguirre of Ontario California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on March where the customer alleged omission and misrepresentation in reference to unit investment trust transactions executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
Joseph Gordon Cloutier of Frisco Texas a stockbroker formerly registered with Wells Fargo Advisors has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Cloutier failed to cooperate with a FINRA investigation into allegations of him executing transactions in customer accounts without permission and soliciting a loan from a customer. Department…
Juan Marcano of Marysville Ohio a stockbroker formerly employed by Edward Jones is the subject of a customer initiated investment related written complaint on September 14, 2016 in which the customer sought more than $5,000.00 in estimated damages based upon allegations that Marcano made unsuitable investment recommendations to the customer concerning a Protective Dimensions variable…
Vincent Santoro of Lake Mary Florida 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 provide recorded testimony before FINRA personnel. Letter of Acceptance Waiver and Consent No. 2018056843801…
Marshall Owen Isaacson of Boca Raton Florida a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $92,000.00 in damages based upon allegations that over-the-counter equities transactions had been placed in the customer’s account that were not suitable for the customer. Financial Industry…
Brian Joseph Lockett of Lynwood Washington a stockbroker currently employed by Independent Financial Group LLC is the subject of a customer initiated investment related complaint which was resolved for $45,000.00 in damages on July 27, 2016 supported by allegations that unapproved and unsuitable private investment and real estate investment trust transactions had been effected in…
Craig Eugene Walker of Ridgeland Mississippi a registered representative of NYLife 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 signed a customer’s name on an annuity application without the customer’s authorization to effect the purchase of an annuity….
Vincent Thomas Hoban III of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $85,000.00 in damages supported by accusations including (1) breach of contract (2) fraud (3) violation of federal securities law (3) breach of fiduciary duty and (5) suitability in reference to the customer’s…
Brian Lewis Baum of Longmont Colorado a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim which settled for $19,500.00 in damages based upon allegations that the customers were placed into unsuitable energy limited partnership, business development group and real estate security transactions. Financial Industry Regulatory…
Reginald Howell Robinson of Tampa Florida a stockbroker formerly employed by International Assets Advisory LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $300,000.00 in damages founded on allegations that faulty mutual fund switches in the customer’s account were not adequately supervised. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Joseph Glenn Pratte of Riverside California a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he failed to provide FINRA with information and documentation in the course of an investigation into accusations of his…
Gerald Lee Repasz of Peoria Illinois a stockbroker currently employed by Ausdal Financial Partners Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $62,000.00 in damages founded on accusations of suitability relating to the customer’s real estate investment trust holdings. Financial Industry Regulatory Authority (FINRA) Arbitration No….
James Otis Conaway of Tustin California a stockbroker formerly employed by USA Financial Securities Corporation 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 engaged in unapproved outside business activities and failed to be forthcoming…
Cambridge Investment Research a brokerage firm headquartered in Fairfield Iowa has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) supported by consenting to findings that the firm failed to supervise non-traditional exchange traded fund sales and variable annuity redemptions. Letter of Acceptance Waiver and Consent No. 2016048934301 (May 3, 2018). According to…
Michael Terry Swingle of Clearwater Florida a stockbroker formerly registered with J.W. Cole Financial Inc. has been fined $5,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized customer loan arrangements with the firm’s customers. Letter…
Jens Mikel Poulsen of Wenatchee Washington a stockbroker formerly registered with LPL Financial LLC has been terminated on September 20, 2016, founded on allegations that Poulsen solicited stock transactions from customers during the time that the firm had restricted his activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Poulsen has been identified in…
Robert Scott Ginsberg of Wallingford Connecticut a stockbroker formerly employed by Woodbury Financial Services is the subject of a customer initiated investment related arbitration claim where the customer sought $1,100,000.00 in damages founded on allegations that unsuitable real estate investment trust and oil and gas transactions were executed in the customer’s account. Financial Industry Regulatory…
Laidlaw Company (UK) LTD. is a brokerage firm headquartered in London England that has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that it failed to supervise recommendations of inverse and leveraged exchange traded funds to make sure that those recommendations complied with FINRA and NASD Rules. Letter of…
Robert Ruvein Yasnis of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. Is the subject of a customer initiated investment related arbitration claim which settled for $20,000.00 in damages supported by accusations that (1) Yasnis effected excessive trades in the customer’s account (2) placed the customer in equities that were inappropriate…
Joseph Gordon Cloutier Jr of Frisco Texas a stockbroker formerly registered with Wells Fargo Advisors LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to provide information to FINRA personnel about his business activities. Case No. 2016051652701 (Mar. 6, 2017). FINRA…
Marc Gregory Minor of East Peoria Illinois a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related written complaint on December 23, 2016 in which the customer requested $62,000.00 in damages supported by accusations that (1) the customer incurred undue losses from an insurance company’s exercise of…
Norman Weaver Jr of Seattle Washington a stockbroker formerly registered with UBS Financial Services Inc. has been terminated from employment on September 6, 2016 founded on accusations that he helped facilitate meetings between customers of the firm and a person who was not affiliated with UBS Financial Services Inc. nor associated with any other brokerage…
Glenn Smith Feldman of Hartford Connecticut a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 28, 2016 where the customer alleged that unsuitable investment recommendations had been made concerning variable annuity products. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally…
Christian A. Paul of Dallas Texas a stockbroker formerly registered with Worth Financial Group Inc. has been 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 information about his business activities. Case No. 2016051795501 (July 10,…
Robert Joseph Kerrigan a stockbroker formerly registered with First Financial Equity Corporation has been suspended on May 4, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to inform FINRA as to whether he complied with FINRA Arbitration Award No. 16-01607 (Feb. 21, 2017) where…
David Leonard Sheppard of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon allegations that unauthorized and excessive trades were effected in the customer’s account and investment recommendations were not suitable for…
Ryan Jeffrey Beal of Columbus Ohio a stockbroker formerly registered with Ameriprise Financial Services Inc. has been terminated on August 22, 2017 amid the firm’s investigation into Beal’s possible unauthorized trading in customers’ accounts. FINRA Public Disclosure additionally reveals that on November 13, 2006, a customer initiated investment related complaint regarding Beal’s conduct was settled…
Kevin Joseph Kuhlow of Los Gatos California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in damages supported by accusations including (1) misrepresentation (2) breach of contract (3) negligence (4) and breach of fiduciary duty in regard…
Van Mark Pearcy of Midland Texas a stockbroker currently registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 8, 2018 in which the customer sought $73,197.00 in damages founded on allegations that unsuitable investment recommendations had been made to the customer between January 1,…
Raymond Dickie Adcock of Cabot Arizona a stockbroker formerly registered with Regal Securities Inc. has been barred in all capacities by the Arkansas Securities Commissioner supported by consenting to findings that he executed unauthorized liquidations and facilitated customers’ purchases that were not registered by Regal Securities. In the Matter of Raymond Dickie Adcock Case No….
John David Telfer of New York New York a chief compliance officer of Meyers Associates L.P. is the subject of a customer initiated investment related arbitration claim where the customer requested $88,671.00 in damages based upon allegations that (1) transactions were executed in the customer’s account that were not suitable for the customer (2) trades…
J.H. Darbie Co. Inc. a brokerage firm headquartered in New York New York has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise recommendations of variable annuities made by one of the firm’s registered representatives. Letter of Acceptance Waiver and Consent No….
Bobby Kyle Cowand of Austin Texas a stockbroker formerly registered with Cary Street Partners is the subject of a customer initiated investment related complaint which was resolved for $20,000.00 in damages on February 18, 2016 supported by accusations that unsuitable equity transactions were executed in the customer’s account between August of 2014 and February of…
Stephen Lowell Takowsky of Beverly Hills California a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $95,032.00 in damages based upon accusations that unsuitable equity and direct investment product transactions were effected in the customer’s account between December of 2014 and November…
Simon Michael Mundlak of Miami Florida a stockbroker formerly registered with Ladenburg Thalmann Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $5,000.00 in damages based upon allegations that equity investment recommendations were not suitable for the customer and an inappropriate strategy for equity trading was executed…
Mark Angelo Gassoso of Jersey City New Jersey a stockbroker currently registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages supported by allegations including (1) misrepresentation (2) negligence (3) breach of fiduciary duty and (4) suitability relating to the customer’s…
Reef Securities (formerly known as Western American Securities Corporation) an oil and gas broker-dealer headquartered in Richardson Texas has been censured and fined $40,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm provided investment related documentation to customers that was comprised of unwarranted and misleading claims. Letter of Acceptance…
Christopher F. Halotek of West Hartford Connecticut a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim in which the customer alleged that misrepresentations had been made concerning mutual fund and equity products between September of 2007 and May of 2017. Financial Industry Regulatory Authority…
Mandie Josephine Peters of Calverton Maryland a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related written complaint on October 21, 2016 in which the customer requested $75,000.00 in damages supported by allegations that Peters (1) made unsuitable investment recommendations to the customer concerning the liquidation of the customer’s…
Richard Robert Fulton of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related complaint which settled on October 24, 2016 for $18,822.00 in damages based upon allegations that mutual fund trades were effected in the customer’s managed account on an excessive basis between January…
James Luis Fonseca of Rothschild Lieberman LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s funds and then failed to cooperate with FINRA in an investigation into his activities. Letter of Acceptance Waiver and Consent No. 2015048041101…
John N. Kalil Junior of Latham New York a stockbroker formerly registered with Invest Financial Corp. was terminated from employment on November 23, 2016 based upon accusations of his misuse of customer signatures to establish customer investment accounts. FINRA Public Disclosure additionally reveals that on September 2, 1999, a customer initiated investment related complaint involving…
Gina Marie Bert-Zatto of Plainville Connecticut a stockbroker formerly registered with Santander Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $16,033.75 in damages on December 29, 2016 founded on accusations of forgery of customer account documentation and losses relating to the customer’s market linked certificate of…
Shail Vithaldas Mehta of Westlake Village California a stockbroker currently registered with Western International Securities Inc. is the subject of a customer initiated investment related civil action which settled for $97,500.00 in damages founded on accusations that (1) false statements concerning securities were made to the customer (2) fiduciary duties were breached and (3) the…
Stephen Johnathan Hoshimi of Dallas Texas a direct participation programs representative for Crescent Securities Group Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he engaged in outside business activities that were not timely disclosed…
Douglas Anthony Leone of Melville New York a stockbroker formerly registered with Salomon Whitney Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that Leone failed to cooperate in a FINRA investigation regarding his unsuitable investment…
Lawrence Eugene Murphy of Edison New Jersey a stockbroker formerly registered with Equity Services Inc. has been terminated on October 11, 2016 based upon a civil action having been filed against him containing allegations of fraud. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on May 12, 2017, a customer initiated investment related civil…
Jennifer S. Yoon of Glendale California a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related complaint which was resolved for $75,000.00 in damages supported by accusations that misrepresentations had been made to the customer concerning a variable annuity guaranteed income rider. FINRA Public Disclosure…
Ahmed Ghassan Gheith of New York New York a stockbroker formerly registered with Paulson Investment Company LLC has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from Paulson Investment Company LLC. Letter of…
Robert Phillip DiBella of Melbourne Florida a stockbroker formerly registered with MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 28, 2016 where the customer alleged that DiBella inappropriately advised the customer to buy an equity indexed annuity. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
Richard Scott Ewing of Richmond Virginia a stockbroker currently registered with Ameriprise Financial Services Inc. is named in a customer initiated investment related arbitration claim which settled for $52,500.00 in damages based upon accusations including (1) breach of fiduciary duty (2) excessive fees (3) misrepresentation (4) suitability and (5) violation of state and federal securities…
Jerry Davis Raines of Kilgore Texas a stockbroker formerly registered with HD Vest Investment Services is the subject of a customer initiated investment related civil action where the customer sought $500,000.00 in damages supported by allegations that transactions were placed in the customer’s account that were not suitable for the customer and misrepresentations had been…
Kevin Stephen Fitzpatrick of Geneva Illinois a stockbroker formerly registered with Stifel Nicolaus Co. 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 mischaracterized customers’ trades and mismarked trades as unsolicited. Letter of Acceptance Waiver and Consent…
E.J. Sterling LLC (now known as Allied Millennial Partners LLC) a brokerage firm headquartered in New York New York has been censured by FINRA based upon the firm’s consent to findings that the firm failed to adequately supervise its business to detect and stop unsuitable trades from being executed in customers’ investment accounts. Letter of…
Mark Douglas Panfil of El Segundo California a stockbroker formerly registered with RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim where the customer alleged that variable annuity trades were placed in the customer’s account between 2009 and 2016 that were neither authorized nor suitable for the customer. Financial…
Michael Evan Eckstein of Garden City New York a stockbroker formerly registered with Gould Ambroson Associates Ltd. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Eckstein (1) effected unsuitable transactions (2) made omissions and misrepresentations to customers when making investment recommendations and (3) engaged in a fraudulent investment scheme….
Marshall Royal Cassedy Jr. of Tallahassee Florida a stockbroker currently registered with McNally Financial Services Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $845,000.00 in damages founded on allegations of (1) breach of fiduciary duty (2) misrepresentation (3) negligence (4) breach of contract and (5) fraud in…
Melvin Saul Jacobs of Houston Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been terminated on December 14, 2017 based upon allegations that he sold away from his firm in violation of Merrill Lynch’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on February 11, 2009, a…
Steven Eugene Love of Terre Haute Indiana a stockbroker currently registered with Parkland Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon accusations that fiduciary duties owed to the customer had been breached and omissions and misrepresentations had been made to…
Florence Marie Simeon of New York New York a stockbroker formerly registered with Alexander Capital L.P. has been terminated on April 27, 2016 based upon allegations that Simeon falsified documents while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that a customer initiated investment related arbitration claim regarding Simeon’s conduct…
Ralph Willard Savoie of Metairie Louisiana a stockbroker formerly registered with Cambridge Investment Research Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested $90,000.00 in damages supported by allegations that Savoie effected sales of private placements that were illiquid and ultimately unsuitable for the customer. Financial Industry Regulatory…
Randall Robert Hayes (also known as Randy Hayes) of Seattle Washington a stockbroker formerly registered with Morgan Stanley is the subject of a State of Washington Department of Financial Institutions Securities Division Statement of Charges in which Hayes has been accused of making unsuitable recommendations to customers concerning investments in leverage and inverse exchange-traded funds….
William Michael Robertson of Deer Park Texas a stockbroker formerly registered with First Allied Securities Inc. and advisor with First Allied Advisory Services has been referenced in a customer initiated investment related written complaint on January 5, 2018 where the customer sought $22,000,000.00 in damages founded on allegations that (1) investment recommendations had been made…
Matthew Thomas Cochran of Charlotte North Carolina 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 consenting to findings that he established accounts from customers away from Northwestern Mutual without procuring the firm’s authorization. Letter of…
Alexander Kibrik of New York New York a stockbroker formerly registered with Garden State Securities Inc. and First Merger Capital is the subject of a customer initiated investment related arbitration claim where the customer was awarded $413,045.11 in compensatory damages supported by Kibrik being found liable on the customer’s claims of (1) manipulation (2) negligence…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently registered with Cambridge Investment Research Inc. has been referenced in a customer initiated investment related written complaint on March 8, 2018 in which the customer requested $26,044.79 in damages based upon accusations that misrepresentations had been made to the customer and mutual fund transactions were executed…
Peter Rajinder Kohli of Pottstown Pennsylvania a stockbroker formerly registered with Trustmont Financial Group Inc. and chief executive officer of both DMS Advisors Inc. and DMS Funds has been barred by the Securities and Exchange commission in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b)(6)…
Dennis Paul Van Patter of Plano Texas a stockbroker formerly registered with VSR Financial Services Inc. has been referenced in a customer initiated investment related written complaint on October 27, 2016 in which the customer alleged that real estate security transactions were placed in the customer’s account that were not suitable for the customer. FINRA…
Robert Edward Wamhoff of Saint Charles Missouri a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 12, 2017 where the customer sought $55,000.00 in damages supported by accusations of breach of fiduciary duty and negligence relating to real estate security transactions executed…
Joseph Morris Thurnherr of Staten Island New York a stockbroker formerly registered with First Standard Financial Company LLC has been suspended on December 21, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to cooperate with a FINRA settlement agreement or arbitration award or…
Yousuf Saljooki of Melville New York a stockbroker formerly registered with SW Financial has been terminated on December 15, 2017 based upon accusations that he (1) established a branch office without the firm’s permission (2) utilized unauthorized communication channels to communicate with customers and (3) utilized social security and other financial information of customers in…
Steven Tarasius Yellen of El Paso Texas a stockbroker formerly registered with Ameriprise Financial has been terminated on January 12, 2018 based upon allegations that he engaged in options trading and outside business activities in violation of Ameriprise Financial’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on November 13, 2015, a customer…
Ronald Dean Clark of Tampa Florida a stockbroker currently registered with Summit Brokerage Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer sought $450,000.00 in damages based upon allegations that (1) the customer’s account was mishandled (2) transactions were placed in the customer’s account that were not suitable…
Donna Lynn Barnard of Kilgore Texas a stockbroker formerly registered with HD Vest Investment Services has been referenced in a customer initiated investment related arbitration claim where the customer requested $234,780.90 in damages founded on accusations that Barnard made misrepresentations to the customer concerning Woodbridge Mortgage Investment Fund and neglected to undertake adequate due diligence…
Ron Jason Ison of Little Silver New Jersey a stockbroker formerly registered with Buckman Buckman and Reid Inc. was 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 allegations of Ison effecting unsuitable and unauthorized trades in customer…
David Kyle Ridenour of Edmond Oklahoma a stockbroker currently registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by accusations that Ridenour effected speculative bond and stock transactions in the customer’s account between 2015 and 2016 that…
Walter M. Stucker of Forth Worth Texas a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint in which the customer requested $632,907.00 in damages supported by accusations that between July 27, 2011 and December 18, 2017, oil and gas limited partnership transactions were placed…
Steven Pagartanis of Setauket New York a stockbroker formerly registered with Lombard Securities Incorporated who is 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 allegations that he misappropriated customer funds and made fraudulent misrepresentations. Letter of Acceptance…
Dallas York of Scottsdale Arizona 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 according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that York failed to provide documents and information to FINRA…
John S. Galinksy of Chicago Illinois a stockbroker formerly registered with FinTegra 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 he disseminated unfair and unbalanced communications to investors concerning a private securities offering. Letter of Acceptance Waiver…
Aaron Paul Brodt of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is the subject of a customer initiated investment related arbitration claim where the customer sought $340,000.00 in damages supported by allegations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) negligence and (5) over-concentration of…
Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities of Addison Texas (CRD No. 131392) 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 made unsuitable investment recommendations to customers. Letter of Acceptance Waiver…
Arthur Robert Meunier (also known as Arthur Robert Breitman) a stockbroker formerly registered with Morgan Stanley has been fined $20,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities while registered with the…
William Cranston Fenwick Jr 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 sought $20,351,400.00 in damages founded on allegations that unsuitable master limited partnership investments were executed with the customer’s funds between 2015 and 2016. Financial Industry…
Hector Anthony May of New City New York a stockbroker formerly registered with Securities America Inc. has been terminated on March 9, 2018 based upon allegations that May misappropriated assets belonging to one of the firm’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure further confirms that on March 8, 2018, May became subject of…
William Stoddard Valentine of Philadelphia Pennsylvania a stockbroker formerly registered with Wells Fargo Advisors LLC was the subject of a customer initiated investment related complaint which settled on December 19, 2016 for $5,000.00 in damages supported by accusations that (1) the customer’s assets were not diversified (2) the customer’s assets were over-concentrated in master limited partnerships…
Thomas Tirrell Riquier of Danvers Massachusetts a stockbroker formerly registered with United Planners Financial Services of America is the subject of an Administrative Complaint brought by the Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth in which Riquier is alleged to have engaged in fraudulent business practices….
Meaghan Marie Johnson of McLean Virginia is a former Northwestern Mutual Investment Services LLC registered representative who is the subject of a customer initiated investment related written complaint on November 28, 2017 in which the customer requested $46,808.90 in damages founded on allegations that Johnson forged the customer’s signatures on life insurance policy documentation and…
Malcolm Lynn Norris of South Carolina is a former Ameriprise Financial Services Inc. registered representative who is the subject of customer initiated investment related written complaint on November 7, 2016 where the customer sought $143,220.62 in damages supported by accusations that (1) an unsuitable business development company purchase had been effected in the customer’s account…
Jeffrey Allen Fanning of West Palm Beach Florida is a former owner and chief executive officer of Liberty Partners Financial Services LLC who has been fined $20,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer…
Brian Joseph Panfil of New Woodstock New York a stockbroker formerly registered with Ridgeway & Conger 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 Default Decision containing findings that Panfil executed unauthorized trades in the customer’s account and placed…
Michael Harvey Siva of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley was terminated on August 18, 2017 based upon accusations that he committed securities fraud. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Siva has been identified in four customer initiated investment related disputes containing allegations of Siva’s improper conduct since…
John Michael Lopinto of New York New York is a stockbroker currently registered with Worden Capital Management LLC who is the subject of a customer initiated investment related written complaint on December 18, 2017 where the customer sought $8,878.00 in damages founded on allegations that the customer’s equity investment account was churned. Financial Industry Regulatory…
William George Brunner of Huntington New York is a stockbroker and securities principal formerly registered with Investment Planners Inc. who 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 a FINRA investigation into allegations that he traded…
James Gerard Sparacino of Woodbury New Jersey is a stockbroker currently registered with Trident Partners Ltd. who is the subject of a customer initiated investment related arbitration claim where the customer sought $40,489.00 in damages supported by accusations that stock transactions were placed in the customer’s account that were not suitable for the customer. Financial…
Michael Fisher of Melville New York is a stockbroker formerly registered with Wells Fargo Advisors LLC who is the subject of a customer initiated investment related arbitration claim where the customer requested $324,165.01 in damages based upon allegations that Fisher effected unit investment trust transactions in the customer’s account that were not suitable for the…
Domingo Gonzalez of Chesapeake Virginia is a stockbroker formerly registered with OneAmerica Securities Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s investment funds. Letter of Acceptance Waiver and Consent No. 2017056563301 (Apr. 9, 2018). According…
Norman Gary Price of Gig Harbor Washington is a member of RP Capital LLC who is the subject of customer initiated investment related arbitration claim in which the customer requested $700,000.00 in damages supported by accusations of (1) suitability (2) conflict of interest (3) misrepresentation and (4) supervisory failures concerning the use of the customer’s…
Robert Edward DeForest of West Palm Beach Florida is a stockbroker currently registered with UBS Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim where the customer sought $95,000.00 in damages based upon allegations that DeForest recommended trigger yield optimization notes between June of 2014 and September of 2015…
Scott William Palmer of Hackensack New Jersey is a stockbroker formerly registered with Janney Montgomery Scott LLC who 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 make an appearance before FINRA personnel and testify in regard to allegations…
Robert Paul Furrevig of Lanoka Harbor New Jersey is a stockbroker formerly registered with Invest Financial Corporation who is the subject of a customer initiated investment related complaint in which the customer requested $55,577.27 in damages based upon allegations that Furrevig had misrepresented the terms and conditions of a variable annuity. Financial Industry Regulatory Authority…
Herbert Lee Weith IV of Annapolis Maryland is a stockbroker currently registered with Wells Fargo Clearing Services, LLC who is the subject of a customer initiated investment related complaint which was resolved on August 4, 2017 for $20,000.00 based upon accusations of negligence relating to the use of the customer’s 401(k) proceeds for the purchase…
Wolf Alexander Popper of New York New York is a registered representative of J.H. Darbie and Co. Inc. and president of Wolf A. Popper Inc. who 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 misleading statements…
Jonathan D. Bao of Tarzana California a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of customer initiated investment related arbitration claim which settled for $700,000.00 in damages supported by accusations of (1) breach of contract (2) breach of fiduciary duty and (3) negligence relating to the customer’s investments in exchange traded…
Chyrl Larbes of Bethel Ohio is a registered representative with Key Investment Services LLC who is the subject of a customer initiated investment related written complaint which settled for $13,135.52 in damages on January 18, 2017 based upon accusations that misrepresentations had been made to the customer by Larbes concerning a fixed annuity issued by…
Gary Craig Crenshaw of Raleigh North Carolina is a stockbroker currently registered with SunTrust Investment Services Inc. who is the subject of a customer initiated investment related complaint where the customer sought $15,067.00 in damages based upon accusations that a variable annuity was inappropriately sold to the customer during the time that the customer had…
Scott Richard Edgemont of Rye New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related civil action brought in the Supreme Court of the State of New York which has been settled to resolve accusations that Edgemont placed transactions in the customer’s account that…
Kevin James Lee of Lake Oswego Oregon is a stockbroker formerly registered with Martin Nelson and Co. Inc. who 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 allegations of his undisclosed outside business…
David Jonathan Bolton of Bowling Green Kentucky is a stockbroker formerly registered with Signator Investors Inc. who is the subject of a Financial Industry Regulatory Authority (FINRA) Complaint alleging that Bolton executed unsuitable transactions in customer accounts and mismarked customer order tickets. Department of Enforcement v. David JC Bolton Disciplinary Proceeding No. 2016049775701 (Apr. 12,…
Stephen Nelson Conrad of Boston Massachusetts is a stockbroker formerly registered with Winslow Evans and Crocker Inc. who is the subject of a customer initiated investment related written complaint which was resolved for $20,353.46 in damages on December 5, 2016 based upon accusations that unit investment trust and equity transactions had been placed in the…
Marc S. Steinberg of Boca Raton Florida is a stockbroker formerly registered with Dawson James Securities, Inc. who is the subject of customer initiated investment related complaint in which the customer sought $16,833.18 in damages supported by accusations that unsuitable equity transactions had been effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public…
Jonathan R. Belden of Oakland California is a stockbroker formerly registered with Merrill Lynch Pierce Fenner and Smith Inc. who has been fined $10,000.00 and suspended for sixty 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 and exercised…
Park Avenue Securities is a brokerage firm headquartered in New York New York which 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 its annuities operations to ensure that registered representatives made recommendations of annuities in compliance with securities laws…
Jimmy Yang Driggers of Sarasota Florida is a stockbroker currently registered with Morgan Stanley who is the subject of a customer initiated investment related written complaint on November 22, 2016 in which the customer requested $64,000.00 in damages based upon allegations that between 2014 and 2016, purchases of corporate bonds had been executed in the…
Brian Thomas Perry of Orange Park Florida is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on consenting to findings that he neglected to provide FINRA with a response to its request for information from Perry….
Robert Spencer Cavanagh of Syosset New York is a stockbroker currently registered with David Lerner Associates, Inc. who is the subject of a customer initiated investment related arbitration claim where the customer sought $160,000.00 in damages supported by accusations that (1) omissions and misrepresentations had been made to the customer and (2) municipal debt transactions…
Woong Seong Hwang of New York New York is a stockbroker formerly registered with Merrill Lynch who has been fired on July 11, 2017 based upon allegations that Hwang failed to furnish information about a customer that was accurate during the period in which the customer’s account had been established with Merrill Lynch. Financial Industry…
Chuck Correal of Upper Saint Clair Pennsylvania is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim in which the customer alleged that equity transactions were effected in the customer’s account between 2009 and 2016 that were not suitable for the customer. Financial Industry Regulatory…
Winston Wade Turner of Sarasota Florida is a former Pruco Securities LLC stockbroker who is the subject of a customer initiated investment related arbitration claim in which the customer sought $111,000.00 in damages based upon allegations that Turner (1) effected transactions in the customer’s account which were not suitable (2) converted the customer’s funds (3)…
David Warren Olson of Saint Petersburg Florida is a stockbroker formerly registered with Morgan Stanley who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Olson engaging in an unpermitted customer loan…
James Paul Laughlin is a stockbroker currently registered with Wells Fargo Clearing Services LLC who is the subject of a customer initiated investment related arbitration claim which settled for $6,500.00 in damages supported by accusations that the customer was assessed excessive fees for the management of the customer’s management account between December 2, 2014 and…
Clifford Dexter Marks is a former registered representative of NYLife Securities LLC who has been terminated on June 17, 2016 amid an internal investigation into allegations of Marks placing transactions in customer accounts that were not suitable and executing an unapproved customer loan transaction and withdrawal from a customer’s account. Financial Industry Regulatory Authority (FINRA)…
John Joseph Raleigh Jr. of Minneapolis Minnesota is a stockbroker currently registered with Summit Brokerage Services Inc. who is the subject of a customer initiated investment related written complaint on November 7, 2017 where the customer sought $600,000.00 in damages based upon allegations of unsuitability relating to the customer’s investment in real estate security and…
Mark Allen Barrand of Lone Tree Colorado is a stockbroker currently registered with Ameriprise Financial Services, Inc. who is the subject of a customer initiated investment related written complaint on January 11, 2018 in which the customer requested $138,500.00 in damages supported by allegations that Barrand made misrepresentations to the customer concerning the terms of…
Ami Kathryn Forte of Palm Harbor Florida is a stockbroker formerly registered with Morgan Stanley who is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice in which FINRA has determined that disciplinary action should be brought against Forte for possibly committing violations of FINRA Rules 2010 and National Association of Securities Dealers…
David Hugh Bindelglass of Paramus New Jersey is a stockbroker formerly registered with Morgan Stanley who has been fired on December 20, 2017 founded on accusations that Bindelglass executed unauthorized transactions in customer accounts and made unsuitable investment recommendations to a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bindelglass has been referenced…
Gary Arthur Forrest of Flint Michigan is a stockbroker formerly registered with American Portfolios Financial Services Inc. who 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 Licensing and Securities Bureau supported by accusations that Forrest offered or effected…
Vincente Davila of Houston Texas is a stockbroker formerly registered with Morgan Stanley who has been fired on February 1, 2018 founded on allegations that he executed unapproved customer loan arrangements in which he placed unauthorized transfers of assets into Davila’s banking account from the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Erin A. Daniels of Scottsdale Arizona is a stockbroker formerly registered with BMO Harris Financial Advisors, Inc. who was fired on March 1, 2018 founded on allegations that Daniels mishandled information from customers and conducted herself in a manner which was not consistent with industry rules or the firm’s policies and procedures. Financial Industry Regulatory…
Jason Chi-Wei Fu of Flushing New York is a stockbroker currently registered with AXA Advisors, LLC who is the subject of a customer initiated investment related written complaint on February 19, 2018 where the customer alleged that Fu (1) failed to inform the customer about the terms and conditions of investing in variable annuities and…
Brandon Curt Stimpson of North Logan Utah is a stockbroker formerly registered with Allegis Investment Services, LLC and advisor with Allegis Investment Advisors LLC who was fired on December 13, 2017, supported by allegations that he failed to conform to Allegis Investment Services’ code of ethics as well as other firm policies. Financial Industry Regulatory…
Stephen Allen Kelbick of Villanova Pennsylvania is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been fired on August 16, 2017, based upon allegations that Kelbick effected trades in customers’ investment accounts without ever having spoken to them before the transactions were entered. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms…
Philip Peter Parziale of Boston Massachusetts is a stockbroker currently registered with Citizens Securities Inc. who is the subject of a customer initiated investment related written complaint which settled on October 12, 2017 for $50,000.00 in damages based upon allegations that Parziale made misrepresentations to the customer concerning mutual funds transactions executed in the customer’s…
William Patrick Slattery of New York New York is a stockbroker formerly registered with Lampert Capital Markets Inc. who has been fined $12,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he took part in outside business activities that…
Mary Janice Stockinger of Lenoir North Carolina is a stockbroker currently registered with Wells Fargo Advisors LLC who is the subject of a customer initiated investment related arbitration claim which settled for $20,000.00 in damages founded on accusations that Stockinger made misrepresentations to the customer concerning a fixed annuity by claiming that it would provide…
Brian John Bogart of McLean Virginia is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested $25,711.11 in damages supported by accusations that unsuitable transactions were placed in the customer’s in-house money manager account between 2015 and 2016. Financial Industry Regulatory…
Richard Gomez of New York New York is a former Legend Securities Inc. stockbroker who is subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which contained findings that Gomez (1) made fraudulent misrepresentations to customers (2) recommended securities that were not suitable for customers and (3) sold investments away from Legend…
Hemant Kathuria of Manhattan Beach California is a stockbroker and securities principal currently registered with Euro Pacific Capital Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer sought $791,607.53 in damages founded on allegations including (1) breach of contract (2) violation of Financial Industry Regulatory Authority (FINRA)…
David John Stull of Stockton California is a stockbroker formerly registered with Hornor Townsend and Kent Inc. who has been fired on October 31, 2016 based upon accusations that he (1) improperly handled checks from customers (2) failed to abide by the firm’s financial planning procedures (3) failed to disclose an outside business activity and…
Frederick David Holloway of Easton Maryland is the president and chief compliance officer of Holloway & Associates Inc. who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he made unsuitable investment recommendations to customers concerning variable annuities. Department of Enforcement v. Frederick David Holloway No. 2016050025401 (Apr. 2, 2018)….
Philip Anthony Marchetti of Pompton Plains New Jersey is a stockbroker formerly registered with PNC Investments who has been fired on August 5, 2016 supported by allegations that he failed to be forthcoming with supervisory personnel at PNC in an investigation into whether Marchetti executed unauthorized trades in an account owned by a firm customer….
Laura Ortega Shean of Medford Oregon is a stockbroker formerly registered with LPL Financial LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she converted a customer’s funds. Letter of Acceptance Waiver and Consent, No. 2017056236901 (Apr. 3, 2018). According to…
Carl Damien Gill of Troy Michigan is a stockbroker formerly registered with United Planners’ Financial Services of America who is the subject of a customer initiated investment related arbitration claim which settled on December 21, 2017 for $40,000.00 in damages supported by accusations that unauthorized exchange traded funds trades had been placed in the customer’s…
Richard Hunt Crockett of New York New York is a former chief compliance officer of Osprey Partners LLC who 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 failed to supervise Osprey stockbrokers’ private securities transactions. Letter of…
Darrell Walter Rideaux of Los Angeles California is a stockbroker formerly registered with Morgan Stanley who 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 testify before FINRA personnel in an investigation into allegations of Rideaux selling away from…
Joshua D. Bradley of Columbia South Carolina is a stockbroker formerly registered with Voya Financial Advisors Inc. who has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected discretionary trades in customer accounts when he…
Brian Joseph Hagerman of New York New York the former president and chief compliance officer of Global Arena Capital Corp has been suspended on May 5, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to inform FINRA about whether he complied with a…
John Gunther Hoagland of Troy Michigan is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related written complaint which settled on February 15, 2018 for $17,044.19 in damages supported by allegations that unauthorized equity transactions were effected in the customer’s investment account between September and October of…
David Paul Eck of Moses Lake Washington is a stockbroker formerly registered with CCF Investments Inc. who has been fired on March 14, 2017 based upon allegations that he violated the policies and procedures of the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Eck has been identified in two customer initiated investment…
Alfred Gary Kovacs of Houston Texas is a stockbroker currently registered with UBS Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim which was settled for $34,000.00 in damages founded on allegations that Kovacs over-concentrated the customer’s assets in oil and gas stocks between 2014 and 2016. Financial Industry…
German Ricardo Mora of San Antonio Texas is a stockbroker formerly registered with Merrill Lynch who has been fired on November 11, 2016 based upon allegations that he executed transactions in customers’ accounts on a discretionary basis and marked order tickets as having been unsolicited when they were actually solicited. On November 29, 2016, Mora…
Ernest James Cox of La Quinta California is a stockbroker formerly registered with Commonwealth Financial Network who is the subject of a customer initiated investment related written complaint which settled on November 28, 2016 for $15,000.00 in damages founded on allegations that the customer’s funds according to an options and equities strategy that was not…
Mitchell Dean Simkins of Salt Lake City Utah is a stockbroker currently registered with Mid Atlantic Capital Corporation who is the subject of a customer initiated investment related civil action which settled for $370,000.00 in damages based upon accusations including (1) the offer and sale of unregistered securities through an entity which was not registered…
Brian Michael Weinstein of Lawrenceville New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds and furnished false documentation to Morgan Stanley. Letter of Acceptance Waiver and Consent No. 20140438633-01 (Nov….
Elliot Hough Sherer of Melville New York is a stockbroker currently registered with Aegis Capital Corp. who is the subject of a customer initiated investment related written complaint which settled for $8,000.00 in damages founded on allegations that (1) the customer’s margin account was excessively utilized (2) unsuitable investment recommendations were made to the customer…
Gautam B. Bose of Bethesda Maryland is a stockbroker formerly registered with Next Financial Group Inc. who is the subject of a customer initiated investment related arbitraton claim that settled for $44,000.00 in damages supported by allegations that Bose omitted information concerning the risks and features of a variable annuity and real estate investment trust…
Audie Gean Rea of Ridgeland Missouri is a stockbroker currently registered with Stifel Nicolaus and Company who is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $90,000.00 in damages founded on Rea having been found liable for breaching his fiduciary duties, effecting unsuitable transactions, churning the customer’s…
Frank Bazan of Houston Texas is a stockbroker formerly registered with BBVA Securities Inc. who has been fined $20,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into an unapproved customer loan arrangement and outside business activity…
Gil Sharon of New York New York is a stockbroker currently registered with Maxim Group LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages supported by allegations that (1) unauthorized options and equity trades had been executed in the customer’s account (2) the…
Duane J. Haley of Indianapolis Indiana is a stockbroker formerly registered with Wells Fargo Advisors, LLC who is the subject of a customer initiated investment related written complaint which settled for $5,000.00 in damages founded on allegations that mutual fund transactions were executed in the customer’s account on an unauthorized and unsuitable basis. Haley’s registration…
Dennis Ernest Beeby of San Diego California is a stockbroker formerly registered with EDI Financial Inc. who has been fined $10,000.00 and suspended for eight 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…
Sanders Lane Spangler of San Antonio Texas is a stockbroker formerly registered with LPL Financial LLC who 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 a FINRA investigation into accusations of his unauthorized trading in customer…
Alison Mills Gardner of Sarasota Florida is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim that settled on June 8, 2017 for $12,196.89 in damages supported by accusations that the customers investment instructions concerning closed-end funds and stock transactions had not been followed between…
Lawrence John Fawcett Jr. of Los Angeles California is a stockbroker formerly registered with Westpark Capital Inc. 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 allegations of Fawcett’s unapproved outside business activities. Letter of Acceptance…
David Henry Niswonger of South Bend Indiana is a stockbroker currently registered with Raymond James and Associates who is the subject of a customer initiated investment related arbitration claim that settled for $52,000.00 in damages founded on accusations including (1) violation of federal securities laws (2) violation of National Association of Securities Dealers (NASD) and…
Matthew Singer of Aventura Florida is a stockbroker formerly registered with Morgan Stanley who 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 testify in a FINRA investigation into allegations of his unsuitable investment recommendations to customers. Letter of…
Mark Jude Ketner of New York New York is a stockbroker currently registered with Maxim Group LLC who 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 unsuitable investment trust recommendations to customers. Letter of Acceptance Waiver…
Michael Giokas of Clarence New York is a stockbroker formerly registered with Fortune Financial Services, Inc. who 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 allegations of his fraudulent conduct. Letter of Acceptance Waiver and…
Peter David Schiff of Dorado Puerto Rico is the president and chief executor officer of Euro Pacific Capital Inc. who is subject of a customer initiated investment related arbitration claim where the customer requested $791,607.53 in damages based upon allegations including (1) breach of contract (2) violation of FINRA Rules (3) violation of California Securities…
Michael Vetere of Tarrytown, New York is a stockbroker formerly registered with Hornor Townsend and Kent Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information that had been requested of him concerning his business activities….
Michael Barry Stern of Boca Raton Florida is a stockbroker formerly registered with Herbert J. Sims and Co. Inc. who is the subject of a customer initiated investment related arbitration claim that settled for $4,000.00 in damages supported by accusations of failure to supervise, breach of contract, misrepresentation, and fraud pertaining to the customer’s structured…
Samuel David Campos of Dallas Texas is a stockbroker formerly registered with J.P. Morgan Securities LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Campos neglected to respond to FINRA personnel’s request for Campos’ information. FINRA Case No. 2016050778401 (Aug. 25, 2016)….
Isidro Z. Miramontes of Brea California is a stockbroker formerly registered with UBS Financial Services Inc. who is the subject of a customer initiated investment related written complaint on June 9, 2016 where the customer requested more than $5,000.00 in damages based upon accusations that the customer was placed into variable annuities that were not…
Peter Brian Voldness of Bloomington Minnesota is a stockbroker formerly registered with Emergent Financial Group Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages based upon allegations that the customer’s assets were inappropriately concentrated in private placement securities issued by Cryoport. Financial Industry…
Niaz Elmazi of New York New York is a stockbroker formerly registered with Global Arena Capital Corp who has been sanctioned on May 5, 2017 by Financial Industry Regulatory Authority (FINRA) based upon allegations that Elmazi failed to confirm with FINRA whether he complied with FINRA Arbitration No. 16-00350 (Feb. 24, 2017) in which he…
Michael Patrick Spolar of Orlando Florida is a stockbroker registered with International Assets Advisory LLC who has been fired on October 9, 2017 supported by accusations that he engaged in customer communications during a time that he was suspended by Financial Industry Regulatory Authority (FINRA). Particularly, on June 19, 2017, Spolar was suspended from associating…
Chun Mei Zhu of Bellingham Washington is a stockbroker currently registered with Waddell & Reed who is the subject of a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages supported by accusations that Zhu made unsuitable investment recommendations to the customer concerning the use of the customer’s 401(k) funds to…
Patrick Hugh Dowd of Jacksonville Florida is a stockbroker formerly registered with Pruco Securities LLC who 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 about Dowd’s business activities. FINRA Case No. 2016050861701 (Mar. 27, 2017). FINRA…
Lisa Kristine Rodriguez of Oroville California is a stockbroker currently registered with Edward Jones who is the subject of a customer initiated investment related written complaint on January 31, 2017 in which the customer sought more than $5,000.00 in damages supported by accusations that Rodriguez made misrepresentations to the customer concerning an AIG Polaris Platinum…
David Jeremy Welty of Norristown Pennsylvania is a former Wells Fargo Clearing Services LLC stockbroker who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted customer funds. Letter of Acceptance Waiver and Consent No. 2016052638401 (Jan. 19, 2017). According to…
Michael Starr of New York New York is a stockbroker currently registered with RBC Capital Markets LLC who is the subject of a customer initiated investment related written complaint on December 29, 2016 where the customer sought $38,000.00 in damages founded on allegations that the customer was not apprised of the risks of investing in…
Kyle Gene Edsall of Phoenix Arizona is a stockbroker formerly registered with Invest Financial Corporation who is the subject of a customer initiated investment related written complaint on December 27, 2016 in which the customer requested $20,000.00 in damages based upon allegations that Edsall made misrepresentations to the customer concerning fixed and variable annuity products….
Thomas George Sandkamp of Ontario California is a stockbroker formerly registered with Wells Fargo Advisors LLC who was fired on May 12, 2016 supported by allegations that he altered customer account documentation after the document had already been executed by the customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Sandkamp has been referenced…
Heath Geoffrey Grossman of Wethersfield Connecticut is a stockbroker formerly registered with Silver Oak Securities Inc. who is the subject of a customer initiated investment related written complaint on December 28, 2016 where the customer alleged that Grossman (1) failed to disclose investment advisory account fees to the customer in April of 2016 (2) recommended…
Joseph Edward Pastore of El Segundo, California is a stockbroker currently registered with Morgan Stanley Smith Barney who is the subject of a customer initiated investment related arbitration claim in which the customer sought $975,000.00 in damages founded on accusations that unsuitable securities purchases were effected in the customer’s managed account between 2013 and 2015….
Steven Michael Wisniewski of Phoenixville Pennsylvania is a stockbroker formerly registered with Cambridge Investment Research, Inc. whose securities registration has been revoked by Financial Industry Regulatory Authority (FINRA) supported by allegations that Wisniewski failed to pay a fine to FINRA in connection with a disciplinary action in which he was found to have committed conduct…
John Joseph Pearce of Cincinnati Ohio is a stockbroker formerly employed by Fifth Third Securities who was terminated from employment on December 16, 2016 supported by accusations that the firm was not confident in Pearce’s ability to comply with the firm’s policies and procedures. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that this is…
Minish Joe Hede of New York New York is a stockbroker formerly registered with Paulson Investment Company LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide a response to FINRA’s request for information pertaining to Hede’s activities. FINRA…
Steven Carroll Wall of New Brighton Minnesota is a stockbroker currently registered with Ameriprise Financial Services Inc. who is the subject of a customer initiated investment related written complaint November 20, 2017 in which the customer sought $48,515.00 in damages supported by allegations that (1) unsuitable investment recommendations were made to the customer concerning exchange…
Leland Roy Heathershaw of Aurora Colorado is a stockbroker formerly registered with Sterne Agee Financial Services Inc. who is the subject of a customer initiated investment related written complaint filed on March 13, 2015 in which the customer requested more than $5,000.00 in damages based upon allegations of poor investment performance and excessive commissions having…
Michael Douglas Hanke of Lutz Florida is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he exercised discretion in a customer’s account without authorization and mismarked the customer’s order…
Peter M. Torabkhan of New York New York is a stockbroker currently registered with EJ Sterling Inc. who has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected trades in customer accounts without authorization. Letter of Acceptance Waiver and…
Mitchell Steven Morrison of Westlake Village, California is a former principal of Financial West Group who is the subject of a customer initiated investment related arbitration claim where the customer sought $1,937,365.00 in damages founded on accusations that Morrison failed to supervise a registered representative who made misrepresentations to the customer and placed unsuitable oil…
Michael Anthony McGregor of New York New York is a stockbroker formerly registered with Blackbook Capital LLC who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected unsuitable trades in a customer’s account. Letter of Acceptance Waiver and…
Kevin Michael McCluskey of Palm Beach Florida is a stockbroker formerly registered with Deutsche Bank Securities Inc. who is the subject of a customer initiated investment related arbitration claim which settled for $25,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning a certificate of deposit sale and fixed annuity…
Ascendiant Capital Markets LLC is a broker-dealer headquartered in Irvine California who has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the firm (1) engaged in securities fraud, (2) charged prices that were excessive and unreasonable,…
Stephen John Woods of Hauppauge New York is a stockbroker formerly registered with PHX Financial Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations of his trading in customer accounts. Letter of Acceptance Waiver…
Martin Earl Brooks of Belton Missouri is a stockbroker formerly registered with Cetera Advisors LLC who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected trades in customer accounts without their written authorization and mismarked order tickets as…
Arlo Jean Stoll of Salem Oregon is a stockbroker currently registered with Cetera Advisors LLC who is the subject of a customer initiated investment related written complaint on December 28, 2016 in which the customer requested $76,778.00 in damages founded on allegations of breach of fiduciary duty, negligence, and suitability relating to the customer’s direct…
Thomas Alan Meier of Miami Florida is a stockbroker formerly registered with Morgan Stanley who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected unauthorized and discretionary trades in customer accounts. Letter of Acceptance Waiver and Consent No. 2016049628301 (Mar. 19,…
Louise Marie Cole of Toms River New Jersey is a stockbroker formerly registered with Next Financial Group Inc. who is the subject of a customer initiated investment related civil action that settled on October 19, 2016 for $100,000.00 in damages supported by accusations that Cole made unsuitable investment recommendations to the customer concerning an international…
Eric Anthony Dupre of San Antonio Texas is a stockbroker currently registered with Raymond James and Associates Inc. who is the subject of a customer initiated investment related arbitration claim which settled for $90,000.00 in damages supported by allegations of (1) breach of fiduciary duty (2) negligence and (3) suitability pertaining to over-the-counter equities transactions…
Michael Scott Androulakis of New York New York is a stockbroker formerly registered with Legend Securities Inc. who 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 consenting to findings that he made unsuitable investment recommendations to customers concerning non-traditional…
Antoine Nabih Souma of Los Angeles California is a stockbroker formerly registered with JP Morgan Securities LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested $20,000,000.00 in damages based upon allegations of (1) unauthorized transactions (2) suitability and (3) misrepresentation. Financial Industry Regulatory Authority (FINRA) Arbitration…
Craig Dean Blattner of Longwood Florida is a stockbroker formerly registered with Investors Capital Corp who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he settled an Investors Capital Corp customer’s complaint away from the firm. Letter of Acceptance…
Gary John Basralian of Maplewood New Jersey is a stockbroker formerly registered with Royal Alliance Associates, Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Basralian having committed securities fraud….
John Charles Campeau Jr of New Haven Connecticut is a stockbroker formerly registered with UBS Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim where the customer requested $102,204.00 in damages based upon allegations that Campeau charged the customer with excessive fees for advisory services and made unsuitable investment…
Michael Bingham Ballard of Birmingham Alabama is a stockbroker formerly employed by Madison Avenue Securities LLC who has been terminated on February 13, 2017 supported by allegations that he neglected to disclose to the firm that he was subject of a customer complaint. It was not Mr. Ballard’s first rodeo. Financial Industry Regulatory Authority (FINRA) Public…
Jill Marie Cody (also known as Jill Marie Tramontano) of Neptune New Jersey is a stockbroker formerly registered with Concorde Investment Services LLC and investment advisor representative of Concorde Asset Management whose investment advisor representative and agent registration were revoked by the New Jersey Bureau of Securities according to a Summary Revocation Order containing findings…
Amadou Bah of New York New York is a stockbroker formerly employed by Maxim Group LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to provide FINRA with a response to FINRA’s request for information relating to Bah’s business activities….
Robert MacDonald Abee of Raleigh North Carolina is a stockbroker formerly registered with Transamerica Financial Advisors Inc. who is the subject of a customer initiated investment related arbitration claim, which settled for $250,000.00 in damages supported by allegations that Abee (1) made misrepresentations to the customer concerning the terms and fees relating to the customer’s…
Jason Eric Zwibel of Wellington Florida is a stockbroker currently employed by Garden State Securities Inc. who is the subject of a customer initiated investment related arbitration claim, where the customer sought $2,670,750.00 in damages based upon allegations of (1) breach of fiduciary responsibility (2) negligence and (3) suitability relating to over-the-counter equities and stock…
Kenneth Peter Krueger of Newport Beach California is a former Canterbury Consulting Inc. stockbroker who has been fined $80,000.00 and barred by Securities and Exchange Commission (SEC) from acting as an investment adviser or broker or associating with brokerage firms or investment advisories according to an Order Instituting Administrative and Cease and Desist Proceedings containing…
Vincent James Mazza of Iselin New Jersey is a stockbroker currently employed by National Securities Corp who is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages supported by accusations of (1) breach of contract (2) breach of fiduciary duty and (3) negligence relating to over-the-counter…
Kevin Lawrence Barbalace of Columbia Maryland is a stockbroker formerly registered with Dawson James Securities Inc. who is the subject of a customer initiated investment related written complaint on August 30, 2017 where the customer sought $4,952,610.00 in damages supported by accusations that Barbalace made misrepresentations to the customer and placed unsuitable private placement, promissory…
Michael Fitzgerald Dunne of Chicago Illinois is the president of Forest Securities Inc. who is subject of a Financial Industry Regulatory Authority (FINRA) investigation based upon accusations of Dunne’s involvement in private securities transactions and use of unauthorized communication channels relating to a Regulation D offering. FINRA Case No. 20160495874 (Aug. 2, 2017). FINRA Public…
Dallas Dan George of New York New York is a broker currently employed by AXA Advisors LLC whose sales practices are subject of a Tennessee Department of Insurance investigation launched on June 26, 2017. The Tennessee Department is coincidentally located in the Davy Crockett Tower, however, the Director is not, at last as of this writing,…
George Frederick Dance Jr of Daphne Alabama, a stockbroker registered with Wells Fargo Advisors, is the subject of a customer initiated investment related written complaint on July 25, 2017, where the customer seeks more than $5,000.00 in damages based upon accusations that an unsuitable investment allocation had been effectuated for the customer’s managed account between…
John Kirkland Moy of West Palm Beach Florida is a stockbroker formerly registered with Merrill Lynch who is referenced in a customer initiated investment related arbitration claim which settled for $65,000.00 in damages based upon allegations that unsuitable investment recommendations had been made to the customer in 2015 concerning over-the-counter equities transactions. Financial Industry Regulatory…
Alexi Nahun Bustamante of Miami Lakes Florida is a registered representative formerly employed with J.P. Morgan Securities LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that she failed to comply with FINRA’s request for her information. FINRA Case No. 2017052961501 (July 14,…
Andrew Michael May of State College Pennsylvania is a stockbroker currently employed by Edward Jones who is the subject of a customer initiated investment related written complaint, which settled on May 22, 2017 for $7,257.38 in damages founded on accusations that May made misrepresentations to the customer concerning the tax liability pertaining to the customer’s…
Gregg Z. Schonhorn of Short Hills New Jersey is a stockbroker formerly registered with FTN Financial Securities Corp who has been charged by SEC in a Complaint alleging that he engaged in a fraudulent investment scheme. United States Securities and Exchange Commission v. Gregg Z. Schonhorn et al. Civil Action No. 16-cv-9829 (Dec. 21, 2016)….
Eric Lee Sullivan of New York New York is a stockbroker formerly registered with Dinosaur Financial Group LLC who is the subject of a customer initiated investment related written complaint which settled on March 23, 2017 for $12,500.00 in damages founded on allegations that options trades had been placed in the customer’s investment portfolio without…
Andrew John Costanzo Junior of Pittsburgh Pennsylvania is a stockbroker currently registered with Cetera Advisors LLC who is the subject of a customer initiated investment related arbitration claim where the customer requested $279,000.00 in damages based upon accusations that the customer’s investment accounts had been negligently established and administered. Financial Industry Regulatory Authority (FINRA) Arbitration…
Timothy John Beall of Eau Claire Michigan is a stockbroker formerly registered with National Planning Corporation who 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 engaged in private securities transactions and unapproved outside business…
David Michael Pintaric of Youngstown Ohio is a stockbroker formerly employed by WRP Investments Inc. who is referenced in a customer initiated investment related arbitration claim on September 18, 2017 where the customer requested $828,583.00 in damages founded on accusations that inappropriate promissory notes transactions had been effected in the customer’s account. Financial Industry Regulatory…
Anthony Ryan Morris (also known as Tony Morris) is a stockbroker formerly registered with Anthony Ryan Morris who is the subject of a customer initiated investment related written complaint on October 27, 2016 where the customer requested $147,536.35 in damages supported by accusations that omissions and misrepresentations had been made to the customer concerning a…
Christopher Charles Degroat of Portland Oregon is a stockbroker formerly registered with Paulson Investment Company LLC who has been fired on July 26, 2017 founded on accusations that he made an investment recommendation that was not suitable for the customer and furnished fake subscription documentation to Paulson Investment Company to effect transactions. Financial Industry Regulatory…
Fred Charles Ostrove of New York New York is a stockbroker currently employed by Jeffries LLC who is the subject of a customer initiated investment related civil action on October 26, 2016 in which the customer sought $200,000.00 in damages supported by accusations that misrepresentations had been made concerning direct investment programs. Civil Action No….
Michael Todd Glucksman of Ocala Florida is a former registered representative of MetLife Securities Inc. who is the subject of a customer initiated investment related written complaint on July 11, 2016 in which the customer alleged that Glucksman induced the customer’s variable annuity purchase by making misrepresentations. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
Raymond Joseph Berg of Mound Minnesota is a stockbroker formerly registered with LPL Financial and owner of Omega Wealth Management Group Inc. who is the subject of a Consent Order issued by Minnesota Commission of Commerce in which a $3,000.00 fine was assessed based upon findings of omissions or representations relating to Berg’s qualifications. Case No….
Yevgeniy G. Akilov of Staten Island New York is a stockbroker formerly employed by Legend Securities Inc. who is the subject of a customer initiated investment related written complaint on March 1, 2016 in which the customer requested $15,165.90 in damages founded on allegations that unsuitable exchange traded fund and over-the-counter equities transactions were placed…
Williard Lee Golightly of Fresno California is a stockbroker formerly registered with SCF Securities Inc. and advisor employed by Alamo Asset Advisors who has been sanctioned by Financial Industry Regulatory Authority (FINRA) on December 14, 2016 based upon accusations that he failed to cooperate with his obligations to pay $155,000.00 in compensatory damages to a…
Jonathan Steven Harris of Palm Beach Florida is a stockbroker currently registered with Stifel Nicolaus and Company Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,550,000.00 in damages supported by accusations that Harris (1) omitted information from the customer regarding the risks of investing in…
Mark Kaplan of Woodbury New York is a stockbroker formerly employed by Vanderbilt Securities, LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he churned and excessively traded customers’ investment portfolios. Letter of Acceptance Waiver and Consent No. 2015045984001 (Mar….
Omer Ozeren of Los Angeles California is a stockbroker formerly employed by Ace Diversified Capital Inc. who has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers regarding non-traditional exchange traded…
Michael M. Hurtgen of Greenwood Village Colorado is a stockbroker formerly registered with Raymond James Financial Services Inc. who has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on consenting to findings that he sold away from the firm. Letter of…
William Bernard Lyons of New York New York is a stockbroker formerly employed by ACGM, Inc. who has been fined $10,000.00 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 failed to supervise a firm stockbroker’s private securities transactions…
In July 2014, we wrote about the dismantling of the Pennsylvania Securities Commissioner, which was seen as an impediement to “capital formation” in the Keystone State. We called it: Securities Fraudsters: You have a friend in Pennsylvania. Each year in Pennsylvania investors conservatively lose $3 billion as the result of securities fraud, Ponzi schemes and…
Western International Securities Inc. is a brokerage firm headquartered in Pasadena California who has been censured and fined one hundred twenty five thousand dollars by Financial Industry Regulatory Authority (FINRA) based upon accusations that it failed to create and implement adequate supervisory procedures and systems for purposes of making sure that non-traditional exchange traded fund…
Christopher Duke Bennett of Louisville Kentucky is a stockbroker currently registered with J.J.B. Hilliard W.L. Lyons LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested five million dollars in damages based upon allegations of (1) suitability (2) misrepresentation and (3) breach of fiduciary duty pertaining to…
James Bernis Lunsford of Sonoma California is a stockbroker formerly registered with Mid Atlantic Capital Corporation who has been referenced in a customer initiated investment related arbitration claim where the customer sought five hundred thousand dollars in damages supported by allegations that Lunsford sold the customer an unsuitable private placement investment. Financial Industry Regulatory Authority…
Alan Louis Shankman of Salt Lake City Utah is a stockbroker currently registered with Wilson-Davis and Co. Inc. who is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations of Shankman’s potential FINRA Rule 2010 violations. FINRA Investigation No. 20150433566; 20160512091 (Dec. 1 2017). FINRA Public Disclosure confirms that a customer initiated…
Jeffrey Marc Grayson of Florham Park New Jersey is a stockbroker formerly registered with Wells Fargo Advisors who is the subject of a customer initiated investment related arbitration claim in which the customer requested thirty-eight thousand one hundred seventeen dollars in damages founded on allegations that Grayson concentrated the customer’s assets in investments that were…
Donnell Noah Bowen of Washington DC is a stockbroker formerly registered with Northwestern Mutual Investment Services who has been terminated from employment on January 13 2017 based upon allegations that Bowen left the firm during a time that it investigated him for forging a customer’s signature on account documentation. Financial Industry Regulatory Authority (FINRA) Public…
Harry Francis Couglar of San Diego California is a stockbroker formerly registered with Montage Securities LLC who is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice where FINRA recommended that disciplinary action be pursued against Couglar for his unauthorized trading in customer accounts and for Couglar’s failure to report his activities to…
Philip Martin Hanover of Melville New York is a stockbroker formerly registered with Oppenheimer and Co. Inc. who is the subject of a customer initiated investment related arbitration claim where the customer sought one million one hundred eight thousand one hundred fifty-six dollars in damages based upon allegations of (1) churning (2) suitability and (3)…
Paul Mark Zoch of Fort Lauderdale Florida is a stockbroker formerly registered with Wells Fargo Advisors who was fired on August 29 2017 based upon allegations that Zoch engaged in improper activities affecting a customer account relationship which ultimately caused the firm to no longer maintain confidence in Zoch’s abilities to comply with the firm’s…
Rita Marie Dulya of Port St. Lucie Florida is a stockbroker formerly registered with Kovack Securities Inc. who was fired on October 9 2017 based upon accusations that she inappropriately received funds from a customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Dulya has been identified in two customer initiated investment related disputes…
Choosri Lao of Tinley Park Illinois is a stockbroker formerly registered with Cetera Advisor Networks LLC who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Choosri made investment recommendations and facilitated customers’ alternative investment transactions despite…
David J Harrison of Allison Park Pennsylvania is a stockbroker formerly registered with LPL Financial LLC who is the subject of a customer initiated investment related written complaint on October 5 2017 where the customer requested an estimated five thousand dollars in damages supported by accusations of misrepresentation relating to a variable annuity that the…
Michael David Mathias of Mount Kisco New York is a stockbroker currently registered with Summit Brokerage Services Inc. who is the subject of a customer initiated investment related arbitration claim where the customer requested four hundred thirty-three thousand six hundred eight-seven dollars in damages founded on accusations of suitability relating to the customer’s variable annuity…
Jeffrey Alan Hill of Bemidji Minnesota is a stockbroker formerly registered with Dougherty and Company LLC whose securities registration has been revoked on March 17 2017 by Financial Industry Regulatory Authority (FINRA) based upon allegations that he failed to pay fifty thousand dollars in fines and disgorgement. Particularly, Hill was disgorged of $45,000.00, fined $5,000.00…
Sara Zhou of Oak Brook Illinois is a stockbroker formerly registered with Financial West Group who is the subject of a customer initiated investment related arbitration claim in which the customer sought one million seven hundred eighty-one thousand one hundred fifteen dollars in damages supported by allegations that (1) misrepresentations had been made regarding oil…
Andrew Jay Lowe of Centre Alabama is a stockbroker formerly registered with Berthel Fisher and Company Financial Services who has been fired on November 1 2017 based upon allegations that he failed to timely make required disclosures to Financial Industry Regulatory Authority (FINRA) regarding his activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Jeffrey Joseph McDonald of Palm Harbor Florida is a stockbroker currently registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested two hundred fifty thousand dollars in damages supported by allegations that unsuitable investment recommendations had been made to the customer relating to buying and…
First Kentucky Securities Corporation is a brokerage firm from Louisville Kentucky who has been censured and fined fifty thousand dollars by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it overcharged customers by depriving them of sales charge waivers on eligible mutual fund purchases executed through the firm. Letter of Acceptance Waiver…
Robert Abramowitz of Garden City New York is a stockbroker formerly registered with Raymond James Financial Services Inc. who is the subject of a customer initiated investment related arbitration claim which settled for forty thousand dollars in damages based upon accusations including (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty…
Peter Robert Green of Berkeley California is a stockbroker currently registered with J.P. Morgan Securities LLC who is the subject of a customer initiated investment related written complaint on December 16 2016 in which the customer sought twenty-six thousand dollars in damages founded on allegations that unsuitable investment recommendations had been made to the customer…
Mark Andrew Milligan of Blue Bell Pennsylvania is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim in which the customer requested ninety-nine thousand two hundred eighty one dollars in damages founded on allegations that Milligan effected unsuitable mutual fund transactions in the customer’s account….
John N. Girgis of New York New York is a stockbroker formerly registered with Legend Securities Inc. who is the subject of a customer initiated investment related written complaint which settled for nearly ten thousand dollars in damages founded on allegations that the customer was charged excessive commissions for over-the-counter equities transactions executed in the…
Charles Gilbert Kunzelman of Hamden Connecticut is a stockbroker currently registered with Citizens Securities Inc. who is the subject of a customer initiated investment related written complaint on December 12 2016 where the customer sought eighty-one thousand dollars in damages based upon allegations that Kunzelman made misrepresentations to the customer concerning the costs and fees…
Michael Anthony Jump of Somonauk Illinois is a stockbroker formerly registered with Investment Planners Inc. who has been fined by the State of Wisconsin Office of the Commissioner of Insurance based upon consenting to findings that he failed to make required disclosures to the Commissioner relating to an administrative action that Jump was the subject…
Jeffrey Donald Poosch of Fort Gratiot Michigan is a stockbroker currently registered with Summit Brokerage Services who is the subject of a customer initiated investment related written complaint on December 12 2016 where the customer alleged that the penalties for cancelling a variable annuity had never been disclosed to the customer. Financial Industry Regulatory Authority…
David Lloyd Barber of San Diego California is a stockbroker formerly registered with Madison Avenue Securities LLC who 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 documentation and information to FINRA in an investigation into allegations of…
Donald Edward Graves of Greenfield Massachusetts is a stockbroker currently registered with Money Concepts Capital Corp who is the subject of a customer initiated investment related arbitration claim which settled for sixty-five thousand dollars in damages supported by allegations of inappropriate Aztec drilling program transactions having been effected in the customer’s account. Financial Industry Regulatory…
Dallas York of Scottsdale Arizona is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that York failed to cooperate in a FINRA investigation into allegations of York’s “unauthorized withdrawals” from a customer’s account. Department of Enforcement…
Paidemoyo Brian Charasika of Louisville Kentucky is a stockbroker formerly registered with Raymond James & Associates Inc. who is the subject of a customer initiated investment related written complaint which settled on October 26 2015 for twelve thousand five hundred dollars in damages founded on allegations that unauthorized real estate investment trust and unit investment…
A stockbroker from Kingston Pennsylvania formerly registered with Raymond James Financial Services Inc. was fined five thousand dollars 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 without having received customers’ written authorization. Letter of Acceptance Waiver and…
Austin R. Dutton, Jr., at least until August 2017, was a stockbroker or registered representative of Newbridge Securities Corporation allowed to conduct business under the name Bridge Valley Financial Services at 171 South Main Street in Doylestown, Pennsylvania 18901. On August 10, 2017, Dutton and Newbridge Securities parted ways. Weeks earlier, on July 24, 2017, Dutton…
Gregory Benton Walsh of Tucson Arizona is a stockbroker formerly registered with Morgan Stanley Smith Barney who is the subject of a customer initiated investment related arbitration claim in which the customer sought more than fourteen million four hundred thousand dollars in damages supported by accusations that an unauthorized withdrawal was executed from the customer’s…
Robert Brian Lefkowitz of Miami Florida is the chief executor officer of Dakota Securities International Inc. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he enabled an individual subject of FINRA disqualification to make investment…
Jason Hunter Likens of Orlando Florida is a stockbroker formerly employed with Oppenheimer who has been has been fined ten thousand dollars and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into unapproved loan arrangements with customers of…
Joshua Lee Bradley of Scranton Pennsylvania is a former stockbroker of LPL Financial LLC who is the subject of a customer initiated investment related complaint which settled on September 21 2016 for twenty-three thousand one hundred fourteen dollars in damages founded on allegations that Bradley effected the purchase of a variable annuity that was not…
Scott David Shapiro of New York New York is a stockbroker formerly employed with Citigroup Global Markets who has been terminated on April 8 2016 supported by allegations that he was under internal investigation for his potential mishandling of customer account documentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Shapiro has been referenced…
George Craig Merhoff Jr. of Klamath Falls Oregon is a stockbroker currently associated with Cetera Advisors LLC who has been ordered by the Division of Financial Regulation of the Oregon Department of Consumer and Business Services to pay a thirty-five thousand dollar civil penalty and cease and desist committing violations of Oregon Securities Law based…
Jeffrey Howard Palish of Paramus New Jersey is a stockbroker formerly associated with Wells Fargo Clearing Services who was fired on October 5 2017 based upon the firm’s allegations that he had inappropriately obtained funds belonging to one of Wells Fargo’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an…
Laurence Bache Rossbach of New York New York is a stockbroker formerly employed with Morgan Stanley who is the subject of a customer initiated investment related written complaint on October 3 2017 in which the customer sought forty-four thousand dollars in damages based upon allegations that stock transactions had been effected in the customer’s account that…
Randolph Lee Eddlemon of Scottsdale Arizona is a stockbroker formerly employed with Geneos Wealth Management Inc. who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide a response to FINRA’s request for information regarding Eddlemon’s business activities. Case No. 2017055260401…
Linda Lee Ledzian of Merrick New York is a stockbroker formerly employed with Capital One Investing LLC who is the subject of a customer initiated investment related written complaint on March 20 2017 where the customer sought twelve thousand three hundred dollars in damages based upon allegations that a certificate of deposit investment was not…
Laura Ortega Shean of Medford Oregon is a stockbroker formerly associated with LPL Financial LLC who is the subject of an Oregon Division of Financial Regulation Notice Order stating that sanctions have been sought against her by the Division based upon accusations that she misappropriated customer funds and effected transactions that were not authorized. Case…
Austin Richard Dutton Jr. of Doylestown Pennsylvania is a stockbroker formerly registered with Newbridge Securities Corporation who is the subject of a customer initiated investment related arbitration claim where the customer sought thirty thousand dollars in damages based upon allegations that (1) misrepresentations and omissions had been made to the customer relating to features and…
Lawrence E Hagedorn of Andover Kansas is a former registered representative of The O.N. Equity Sales Company who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Hagedorn failed to provide FINRA with a response to its request for Hagedorn’s information. Case No. 201705565410…
Adam Robert Freund of Novi Michigan is a stockbroker formerly associated with Citizens Securities Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested thirty-four thousand nine hundred twenty dollars in damages based upon accusations that the customer was sold municipal debt products that were fraudulent and…
Mark Gregory Raezer of Aurora Colorado is a former registered representative of Taylor Capital Management Inc. who has been suspended for sixty days from effecting securities transactions or providing investment advice to customers according to a Stipulation and Consent Order issued by the Securities Commissioner for the State of Colorado containing findings that Raezer sold…
Sean Aaron Brady of Saint Louis Missouri is a stockbroker formerly registered with First Allied Securities Inc. who has been fired on October 20 2017 supported by allegations that Brady violated the firm’s policies relating to the falsification of signatures on customer account documentation and improper use of consolidated account statements. Financial Industry Regulatory Authority…
James C. Tao of Houston Texas is a stockbroker formerly employed with Sunbelt Securities Inc. who has been barred by Securities and Exchange Commission (SEC) from acting as an investment advisor or broker or associating with any investment advisory or brokerage firm in any capacity according to an Order Instituting Administrative Proceedings Making Findings and…
Supreme Alliance LLC is a brokerage firm headquartered in Wilmington North Carolina which has been censured by Financial Industry Regulatory Authority (FINRA) based upon accusations that it (1) failed to supervise its variable annuity business and (2) failed to supervise private securities transactions and outside business activities. Letter of Acceptance Waiver and Consent No. 201605005701…
Jimmy Moscoso of Boca Raton Florida is a stockbroker formerly employed with Lincoln Financial Advisors Corporation who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted the funds of a customer. Letter of Acceptance Waiver and Consent No. 2018057246701 (Feb….
Essex Securities LLC is a brokerage firm headquartered in Massachusetts that has been censured and fined twenty-five thousand dollars by Financial Industry Regulatory Authority (FINRA) based in part on consenting to findings that the firm neglected to adequately supervise outside business activities that its registered representatives engaged in during the time that they were employed…
Steven Jude Meleco is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been terminated on November 10 2017 founded on accusations that he effected trades in a customer’s account without authorization. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on August 13, 2015, a customer initiated investment related written complaint…
Jasper Eugene Boykin Jr of Atlanta Georgia is a stockbroker formerly employed with MetLife Securities Inc. who has been has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Boykin obstructed a FINRA investigation into accusations…
John Scott Matthews of New York New York is a stockbroker formerly associated with Global Arena Capital Corp who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with a FINRA arbitration award or otherwise adequately inform FINRA regarding his…
Daniel K. Kittner of Mesa Arizona is a stockbroker formerly employed with Ameritas Investment Corp. who was terminated on November 1 2017 supported by accusations that he was subject of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 28, 2005, a customer filed an investment related…
Eugene Nathan Gordon of Palo Alto California is a stockbroker currently associated with Morgan Stanley who is the subject of a customer initiated investment related written complaint on October 27 2017 in which the customer sought one million nine hundred thirty-eight thousand one hundred eighty-eight dollars in damages based upon accusations that Gordon placed trades…
John Martin Schneider of Pittsburgh Pennsylvania is stockbroker formerly registered with PWA Securities Inc. and former representative of Private Wealth Advisors Inc. who is the subject of a Securities Exchange Commission (SEC) Investigation launched on July 13 2017 regarding Schneider’s leveraged exchange traded fund activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Schneider…
Steven Michael Knowlton of Ann Arbor Michigan is a stockbroker formerly associated with IMS Securities Inc. who is the subject of a customer initiated investment related arbitration claim where the customer sought five hundred thousand dollars in damages based upon allegations of (1) fraud (2) unsuitable investment recommendations and (3) failure to conduct due diligence…
Marilyn Ashley Rios of Portsmouth New Hampshire is a stockbroker formerly registered with LPL Financial LLC who was fired on November 15 2016 supported by allegations that she violated LPL Financial LLC’s policy in reference to customer account signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on September 26, 2017, a customer initiated…
Robert Douglas Armstrong of Boca Raton is a stockbroker currently associated with Dawson James Securities who is the subject of a customer initiated investment related written complaint on January 16 2017 where the customer sought one hundred thousand dollars in damages founded on allegations that he made misleading and false assurances in regard to the…
Vladimir Belyaev of New York New York is a stockbroker formerly registered with Avenir Financial Group who 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 confirm with FINRA whether he complied with his obligations pertaining to FINRA Arbitration…
Eric John Zebrauskas of Carmel Indiana is a stockbroker formerly registered with Securities Service Network Inc. who has been fined five thousand dollars and suspended 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…
Douglas Edward Kary of San Diego California is a stockbroker formerly associated with Morgan Stanley who was fired on April 1 2016 based upon allegations that Kary entered into an unapproved loan arrangement between a firm customer and an outside entity that Kary was involved in. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
GWN Securities Inc. is a brokerage firm headquartered in Palm Beach Gardens Florida that has been censured and fined one hundred thousand dollars by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise its unit investment trust business to ensure that customers were provided with discounts when eligible…
Christopher Lee Hibbard of Louisville Kentucky is a stockbroker formerly registered with Merrill Lynch Pierce Fenner and Smith Incorporated who has been fired on January 8 2018 supported by accusations that Hibbard engaged in conduct pertaining to the theft of funds and executed unauthorized transactions regarding money market and variable annuities. Financial Industry Regulatory Authority…
Issac Franklin Stevens Junior of Denton Texas is a stockbroker formerly registered with Edward Jones who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he exercised discretion in a customer’s account without authorization. Letter of Acceptance…
Corey Lee Mireau of Eden Prairie Minnesota is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been terminated from employment on September 15 2017 based upon allegations that he potentially violated the firm’s policies concerning outside business activities and customer loan arrangements. Mireau reportedly resigned while under the firm’s suspension. Financial Industry…
Edward A. Davig of Green Bay Wisconsin is a stockbroker registered with Packerland Brokerage Services who is the subject of a customer initiated investment related arbitration claim in which customers requested five hundred thousand dollars in damages supported by accusations that Davig effected investments in Atlas oil and gas offering that were not suitable for…
Brendan Patrick Shaw of Scottsdale Arizona is a stockbroker formerly registered with Purshe Kaplan Sterling Investments and investment advisor representative with Thomson Financial Advisors LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested seven million five hundred thousand dollars in damages based upon accusations that the…
Michael Robert Greenfield of Boca Raton Florida is a stockbroker formerly registered with Oppenheimer and Company who is the subject of a customer initiated investment related arbitration claim where the customer requested one hundred forty-seven thousand three hundred thirty-four dollars in damages founded on allegations of (1) omissions (2) fraud (3) breach of contract (4)…
Larry Allen Stapp of Midland Texas is a stockbroker formerly registered with LPL Financial LLC who has been fined ten thousand dollars and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he entered into an unauthorized loan arrangement with a customer…
Erick George Revelle Kuebler of Dallas Texas is a stockbroker formerly registered with J.P. Morgan Securities LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested five hundred thousand dollars in damages supported by allegations that Kuebler effected unsuitable and unauthorized transactions in the customer’s account between…
John Anthony Kailunas II of Kentwood Michigan is a stockbroker currently registered with Regulus Advisors LLC who is the subject of a customer initiated investment related civil action brought in the Albemarle Circuit Court of Albemarle County Virginia in which the customer sought over one million eight hundred thousand dollars in damages supported by accusations…
John Scott Elliott of Overland Park Kansas is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to accusations that Elliott failed to provide information to FINRA regarding his business activities. Letter No. 2016051253201 (Mar. 6 2017)….
Kenneth Wayne Bailey of Abingdon Virginia is a former NYLife Securities LLC registered representative who is the subject of a customer initiated investment related written complaint on December 1 2016 in which the customer sought damages estimated to exceed five thousand dollars supported by allegations that the customer was misled concerning his replacement of variable…
Joseph Richard Hinke of Richland Center Wisconsin is a stockbroker formerly registered with Edward Jones who was fired on August 25 2016 based upon accusations that he solicited and ultimately effected orders in a customer’s investment account after having been apprised that the customer had dementia. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Jorge Reyes of Miami Florida is a stockbroker formerly registered with CP Capital Securities who is subject of a customer initiated investment related civil action brought in Miami Florida on October 24 2016 in which the customer requested one million four hundred fifty-two thousand dollars in damages based upon accusations that the customer was induced…
David Joe Ondo Jr. of San Pedro California is a stockbroker currently registered with OneAmerica Securities Inc. who is the subject of a customer initiated investment related written complaint on June 13 2016 in which the customer sought seven thousand one hundred eighty-nine dollars in damages supported by accusations that Ondo made misrepresentations to the…
Jeffrey David Snyder of Danbury Connecticut is a stockbroker formerly registered with Network 1 Financial Securities Inc. who 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 a FINRA investigation into accusations of Snyder settling a customer…
Anthony Mediate of Red Bank New Jersey is a stockbroker formerly registered with National Securities Corporation who is the subject of a customer initiated investment related written complaint on August 4 2015 in which the customer alleged that over-the-counter equities transactions were effected in the customer’s account on an unsuitable and excessive basis. Financial Industry…
Pavel Shklyar of Norwood New Jersey is a stockbroker formerly registered with J.P. Morgan Chase Bank who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed FINRA’s investigation into accusations of Shklyar’s private securities transactions. Letter of Acceptance Waiver and…
Jeffrey Howard Palish of Paramus New Jersey is a stockbroker formerly registered with Wells Fargo Clearing Services who has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds from a customer of the firm. Letter of Acceptance Waiver and…
Jodie Ann LaMarre of Sarasota Florida is a stockbroker formerly registered with Robert W. Baird and Co. Incorporated who has been fined ten thousand dollars and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she made an unsuitable investment recommendation…
Caroline Faye Korn of Rochester New York is a stockbroker registered with Pinnacle Investments LLC who has been disgorged of seven thousand three hundred dollars in commissions and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she effected unauthorized transactions…
SW Financial is a brokerage firm headquartered in Melville New York which has been censured and fined thirty-five thousand dollars by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm (1) made mutual fund recommendations that were not suitable for customers and (2) failed to supervise the firm’s investment recommendations to…
Philip Andrew Johnson of Nashville Tennessee is a stockbroker formerly associated with SunTrust Investment Services Inc. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without authorization from the firm….
Richard Philip Hohol of Roselle Illinois is a stockbroker formerly registered with Cetera Advisors Networks LLC who has been fined five thousand dollars and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he enabled one of the firm’s former registered representatives…
Brent Van Lott of Orem Utah is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Lott falsified documents relating to customers’ securities transactions. Department of Enforcement v. Brent Lott Disciplinary Proceeding No. 2013038124102 (Jan. 25 2018). According to the Complaint,…
Marla Chidsey Roeser of Potomac Maryland is a stockbroker formerly registered with City National Securities Inc. who has been fined ten thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that she failed to supervise the private securities transactions and outside…
Kevin Scott Woolf of Winter Haven Florida is a stockbroker formerly registered with Morgan Stanley that 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 testify or provide documentation to FINRA in regard to allegations of his private securities…
Farid Morim of Beverly Hills California is a stockbroker formerly registered with J.P. Morgan Securities LLC that has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that he failed to provide documentation and information to FINRA in…
Leslie Brian Flaum of Melville New York is a stockbroker formerly registered with Oppenheimer who is the subject of a customer initiated investment related arbitration claim in which the customer sought over one million one-hundred eight thousand dollars in damages based upon accusations that Flaum failed to supervise a registered representative who breached his fiduciary…
Jeffrey Collins Kinder of St. Louis Missouri is a stockbroker formerly registered with Huntleigh Securities Corporation who has been fined twenty thousand dollars and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers in regard…
Jeffrey Randolph Wilson of Las Cruces New Mexico is a stockbroker currently registered with Wells Fargo Clearing Services that is subject of a customer initiated investment related arbitration claim in which the customer sought at least five thousand dollars in damages founded on accusations that Flaum made unsuitable investment recommendations to the customer regarding energy-sector…
Huntleigh Securities Corporation is a brokerage firm headquartered in St. Louis Missouri who has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm overcharged customers on unit investment trust transactions and failed to supervise the application of sales charge discounts in customer accounts. Letter of Acceptance Waiver and…
Robert Douglas Armstrong of Boca Raton Florida is a stockbroker currently registered with Dawson James Securities Inc. who is the subject of a customer initiated investment related written complaint filed on January 16 2017 in which the customer requested one hundred thousand dollars in damages based upon allegations that misleading assurances and false representations were…
Kermit Gordon Cable Jr, of Arlington Texas is a stockbroker formerly registered with Cambridge Investment Research and investment advisor representative formerly registered with Cambridge Research Advisors Inc. who is subject of a Texas State Securities Board Order which suspended him in an investment advisory representative capacity for one-hundred fifty days founded on allegations that he…
David Wayne Krumrey of the Woodlands Texas is a stockbroker formerly registered with Oppenheimer & Co. Inc. that has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to respond to FINRA personnel’s information request. Case No. 2017055552901 (Jan. 29 2018). FINRA Public Disclosure reveals that…
Keith Joseph Michelfelder of New York New York is a stockbroker formerly registered with Joseph Gunnar that had his securities registration revoked by Financial Industry Regulatory Authority (FINRA) according to FINRA Rule 8230 based upon Michelfelder’s failure to pay a ten thousand dollar fine that FINRA ordered because of Michelfelder having placed trades in customer…
Lyle J. Boudreaux of Houston Texas is a stockbroker currently registered with Independent Financial Group LLC who is subject of a customer initiated investment related written complaint on October 27 2017 in which the customer sought two hundred ten thousand dollars in damages founded on accusations that unsuitable leveraged exchange traded fund transactions were effected…
Vincent Sciabica of Albany New York is a stockbroker formerly registered with Morgan Stanley who has been fined five thousand dollars and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unit investment trust transactions in customer accounts in…
Tamara Rae Steele of Pendleton Indiana is a stockbroker formerly registered with Comprehensive Asset Management and Servicing Inc. who has been fired on June 13 2017 based upon accusations that she engaged in private securities transactions that involved several of the firm’s customers even though Steele never gained the firm’s authorization to engage in those…
Michael Ciro Colletti of Melville New York is a stockbroker formerly registered with National Securities Corporation who has been fined seven thousand five-hundred dollars and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that Colletti failed…
Robert Steven Clarke of Cincinnati Ohio is a stockbroker formerly registered with Ross Sinclaire & Associates LLC who is the subject of a customer initiated investment related arbitration claim in which the customer sought five hundred thousand dollars in damages founded on allegations that misrepresentations were made to the customer regarding collateralized mortgage obligations products….
Vanessa Beth-Anne Reeves-Farry of Oroville California is a stockbroker formerly registered with J.P. Morgan Securities LLC who has been fined five thousand dollars and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she failed to timely cooperate with FINRA in an…
David Francis Faline of Boca Raton Florida is a stockbroker formerly registered with Newbridge Securities Corporation who is the subject of a customer initiated investment related arbitration claim in which the customer requested two hundred thousand dollars in damages based upon accusations that Faline made unsuitable investment recommendations to the customer which caused the customer…
Cory D. Bataan of Melville New York is a stockbroker currently registered with Aegis Capital Corp. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he executed trades in customer investment accounts without authorization. Letter of Acceptance…
Steve Morris of New York New York is a stockbroker formerly registered with Wynston Hill Capital LLC who has been has suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to adequately respond to FINRA staff regarding his compliance with a settlement agreement…
Donald Kay Gross II of Parsippany New Jersey is a stockbroker formerly registered with Summit Equities Inc. who is the subject of an Order of Summary Suspension issued by California Department of Insurance wherein Gross was suspended for three months from engaging in insurance business in California supported by allegations against Gross of selling away…
Kenneth H. South of Newport Beach California is a stockbroker currently registered with Oppenheimer & Co. Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested over one hundred sixty-one thousand dollars in damages based upon allegations that between June 1 2015 and February 1 2017 the…
Shakela Carter of Fort Lauderdale Florida is a stockbroker formerly registered with Merrill Lynch who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that she failed to testify in an investigation into accusations of her selling away from the firm. Department of Enforcement v. Shakela Carter Disciplinary Proceeding No. 20160492021-01…
Gregory Gassoso of Edison New Jersey is a stockbroker formerly registered with National Securities Corporation who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he executed unauthorized stock trades in a customer’s investment account. Letter of Acceptance…
Francis Joseph Gendlek of East Brunswick New Jersey is a stockbroker formerly registered with IFS Securities who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made fraudulent omissions and misrepresentations relating to his private securities transactions. Letter of Acceptance Waiver and…
Thomas Francis Niles of Saratoga Springs New York is a stockbroker associated with Morgan Stanley who has been fined five thousand dollars 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 effected transactions in customer accounts that were not…
Guy Charles Conger of San Antonio Texas is a former stockbroker of Money Concepts Capital Corp who has been fined fifteen thousand dollars and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he (1) utilized discretion in customer accounts in…
Brett Alexander Ashy of Jackson Mississippi is a registered representative formerly employed with MWA Financial Services Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities based upon consenting to findings that he failed to cooperate with FINRA in an investigation into allegations of Ashy’s…
Shaun Eugene Hayes of Fort Worth Texas is a stockbroker formerly registered with Merrill Lynch who is the subject of a customer initiated investment related complaint which settled on December 19 2017 for one hundred twenty-five thousand dollars in damages based upon allegations that stock trades had been effected in the customer’s account without the…
Peter Orlando is a stockbroker formerly associated with SCF Securities Inc. who is the subject of a Complaint brought by Financial Industry Regulatory Authority (FINRA) containing accusations that Orlando made unsuitable investment recommendations to a customer and procured signed but otherwise blank documents to effect transactions. Department of Enforcement v. Peter Orlando Disciplinary Proceeding No….
Stanley Robert Cohen of Calabasas California is a stockbroker formerly registered with Ameriprise Financial Services who is the subject of a customer initiated investment related arbitration claim where the customer requested over three hundred sixty-one thousand dollars in damages founded on allegations that Cohen made unsuitable fixed and variable annuity recommendations to the customer and…
Mark B. Degner of Fall River Massachusetts is a former stockbroker of LPL Financial that has been fined seven thousand five hundred dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations to customers concerning certificate of deposits. Letter of…
Berthel Fisher Co. Financial Services Inc. is a broker-dealer headquartered in Cedar Rapids Iowa that has been censured and fined two hundred and twenty-five thousand dollars according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the firm failed to supervise unit investment trust transactions effected in customer accounts. Department…
Kevin Mark Nast of Northville Michigan is a stockbroker formerly registered with Transamerica Financial Advisors Inc. who is the subject of a customer initiated investment related arbitration claim which settled for fourteen thousand dollars in damages supported by accusations that Nast made unsuitable investment recommendations to the customer and executed unauthorized transactions in the customer’s…
Ricardo Rodriguez-Stern of New York New York is a former J.P. Morgan Securities LLC stockbroker who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that Rodriguez-Stern neglected to cooperate in a FINRA investigation into his customer…
Stephen George Kowalski of Parsippany New Jersey is a stockbroker currently registered with Hennion and Walsh who is the subject of a customer initiated investment related arbitration claim in which the customer sought six hundred seventy thousand dollars in damages based upon accusations that municipal debt purchases were effected in customers’ accounts that were not…
Michael Quiles III of Long Island City New York is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Quiles failed to cooperate in a FINRA investigation into accusations of his unapproved customer loan arrangement. Department of Enforcement…
Coleman Joseph Devlin is a stockbroker formerly registered with Stifel Nicolaus who is the subject of a customer initiated investment related arbitration claim where the customer requested three hundred thousand dollars in damages based upon accusations of (1) violations of Maryland Securities Act (2) breach of fiduciary duty (3) breach of contract (4) common law…
Donna Boyd of Houston Texas is an investment adviser and stockbroker formerly registered with Sunbelt Securities that has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker according an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f)…
Linda Sue Zara of Boca Raton Florida is a stockbroker associated with Wells Fargo Clearing Services who has been fired in December 2017 based upon accusations that she executed an unapproved customer loan arrangement in violation of Wells Fargo’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related arbitration…
Ryan Michael Murnane of Staten Island New York is a stockbroker formerly registered with Woodstock Financial Group who is subject of a Notice of Proposed Agency Action and Opportunity for Hearing brought by the Office of the Commissioner of Securities and Insurance Montana State Auditor which alleged that Murnane committed securities fraud. In the Matter…
Timothy Charles Sullivan of San Ramon California is a stockbroker registered with SII Investments Inc. who has been fired in December 2017 based upon accusations that he utilized unauthorized communication vehicles and failed to make required regulatory disclosures. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Sullivan has been referenced in nine customer initiated…
James Randall Clay of Clarksville Tennessee is a stockbroker formerly registered with U.S. Bancorp Investments Inc.James Randall Clay who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he engaged in unapproved outside business activities and falsified statements to his firm and FINRA personnel in regard to his business activities….
Clifford C. Vatter III of Louisville Kentucky was a stockbroker formerly registered with Raymond James and Associates Inc. whom the firm fired in July 2017 based upon accusations that Vatter placed trades in a customer’s account without the customer’s authorization. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Vatter has been identified in six…
James Marc Unger of Mayfield Heights Ohio is a stockbroker formerly registered with Financial America Services who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Unger (1) entered into an unapproved borrowing arrangement with a customer (2) falsely attested to his…
Thomas Whitmeyer O’Brien of Shreveport Louisiana is a stockbroker currently registered with Raymond James who is the subject of a customer initiated investment related arbitration claim in which the customer requested five million dollars in damages supported by allegations including (1) overconcentration in the customer’s account (2) unauthorized trading (3) fraudulent concealment (4) fraudulent or…
Tom Gilliam Parks Jr. of Stephenville Texas is a stockbroker formerly registered with Ameriprise Financial Services Inc. who is the subject of a customer initiated investment related written complaint on October 6 2017 where the customer requested four hundred thousand dollars in damages founded on allegations that Parks made unsuitable investment recommendations to the customer…
Mamode (Sony) Abdullah Oozeerally is a stockbroker currently registered with Hennion and Walsh who is the subject of a customer initiated investment related arbitration claim which settled for sixty thousand dollars in damages founded on accusations that Oozeerally executed municipal debt purchases in the customer’s account which were not suitable for the customer. Financial Industry…
Howard Joseph Allen III of New York, New York, owner of Portfolio Advisors Alliance, LLC, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Allen, inter alia, made fraudulent misrepresentations to investors. Securities and Exchange Commission v. Howard J. Allen III, Civil Action No. 16-cv-00828 (S.D.N.Y. Feb. 3, 2016). According…
Walter Roland Valenzuela, of Del Mar, California, a stockbroker currently registered with Hilltop Securities, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer requested $9,500,000.00 in damages supported by allegations of elder abuse, misrepresentation, excessive trading, breach of fiduciary duty, excessive mark-downs and mark-ups, inappropriate margin use, suitability, and…
Richard Channing Hawkes, of Orange, California, a stockbroker employed with VALIC Financial Advisors, Inc., has been fired on May 4, 2016, founded on accusations that he effected investment transactions involving products that had not been approved for sale by the firm, violating the firm’s policies regarding selling away. This is not the first time that…
Michael James Blake, of Ameritas Investment Corp., a stockbroker formerly employed with Ameritas Investment Corp., is the subject of a customer initiated investment related arbitration claim, in which the customer sought $50,000.00 in damages supported by accusations of breach of contract, breach of fiduciary duty, suitability, fraudulent concealment, misrepresentation, and violation of the Securities Act…
Sagepoint Financial, Inc., a brokerage firm headquartered in Phoenix, Arizona, has been censured and fined $75,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm failed to apply sales charge waivers on customers’ purchases of mutual funds when customers were eligible, and failed to supervise the application of sales charge waivers….
Paul Ellias Colchamiro, of Melville, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer sought at least $2,000,000.00 in damages founded on allegations including: closed-end funds and equities were effected in the customer’s account that were not suitable…
Lucia Securities, LLC, a brokerage firm headquartered in San Diego, California, has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm failed to supervise and preserve consolidated reports which had been distributed to the firm’s customers. Letter of Acceptance, Waiver and Consent, No. 2017055425901 (Jan. 9,…
Kevin Douglas Houser, of Allentown, Pennsylvania, a stockbroker formerly employed with LPL Financial LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $250,000.00 in damages based upon allegations that Houser made misrepresentations to the customer concerning annuities, and executed variable annuity transactions that were not suitable for…
Patricia S. Miller, of McMurray, Pennsylvania, a stockbroker formerly employed with Investors Capital Corp., has been barred from associating with an investment advisory or brokerage firm in any capacity according to a Securities and Exchange Commission (SEC) Order containing findings that Miller committed securities fraud. In the Matter of Patricia S. Miller, Administrative Proceeding File…
Anthony John O’Callaghan, of New York, New York, a stockbroker formerly employed with Credit Suisse Securities (USA) LLC, is the subject of a customer initiated investment related written complaint on February 23, 2017, in which the customer requested $57,298.00 in damages supported by allegations that an inappropriate inverse exchange traded fund transaction was effected in…
Meyers Associates, L.P. (now known as Windsor Street Capital, L.P.) has been censured and fined $700,000.00 and its president, Bruce Meyers, fined $100,000.00 and barred in a supervisory capacity by Financial Industry Regulatory Authority (FINRA) according to a National Adjudicatory Council Decision confirming that Meyers, inter alia, had disseminated misleading and unbalanced investment related communications…
Lawrence Marc Lowe, of New York, New York, a stockbroker formerly employed with Laidlaw & Company (UK) Ltd., is the subject of a customer initiated investment related arbitration claim, which settled for $7,500.00 in damages supported by accusations that between 2015 and 2017, unsuitable stock and over-the-counter equities transactions were executed in the customer’s investment…
Jeffrey Paul Dragon, of Burlington, Massachusetts, a stockbroker formerly registered with Berthel, Fisher & Co. Financial Services, Inc., has been fined $50,000.00 and suspended for twenty-one months 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…
Wayne Thomas Boucher, of Southfield, Michigan, a stockbroker formerly registered with Corecap Investments, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $750,000.00 in damages supported by accusations that risky and unsuitable corporate bond purchases were executed in the customer’s account, and the customer was defrauded in…
Gregory Edward Barr, of Boca Raton, Florida, a stockbroker formerly employed with Deutsche Bank Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he effected unauthorized transactions in customer accounts. Letter of Acceptance, Waiver and Consent, No….
David Aron Dudkin, of Morristown, New Jersey, a stockbroker formerly registered with Securevest Financial Group, is the subject of a customer initiated investment related written complaint on June 23, 2015, in which the customer requested $260,000.00 in damages supported by allegations that Dudkin failed to liquidate the customer’s over-the-counter equity portfolio, causing the customer to…
Jennifer Lynn Steele, of Tampa, Florida, a stockbroker formerly registered with Harbor Light Securities, 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 she engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014040343702…
Erin Olin Shanks, of Richardson, Texas, a stockbroker formerly employed with Cuso Financial Services, L.P., is the subject of a customer initiated investment related written complaint, which settled on June 2, 2017 for $24,731.97 in damages based upon allegations that the customer was issued a variable annuity that had been improperly structured, causing the customer…
Steve Patrick Walsh, of Clive, Iowa, a stockbroker currently registered with H. Beck, Inc., is the subject of a Financial Office of Financial Regulation Order which denied his application for securities registration according to a Stipulation and Consent Agreement containing findings that Walsh made misstatements to Florida’s Office of Financial Regulation within his application for…
Kathie Lee Foreman, of Maumee, Ohio, a stockbroker formerly employed with Sigma Financial Corporation, is the subject of a customer initiated investment related arbitration claim, which was settled to resolve accusations that the customer’s account was inappropriately managed, causing the customer to sustain investment losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02219 (April 19,…
Jeffrey E. Krupnick, of Sarasota, Florida, a stockbroker formerly employed with Wells Fargo, 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 Krupnick converted a customer’s funds. Department of Enforcement v. Jeffrey E. Krupnick, Disciplinary Proceeding No. 2014043869901…
Leonard Jay Suskind, of Aventura, Florida, a stockbroker currently employed with UBS Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer requested $220,000.00 in damages based upon accusations that between 2013 and 2016, Suskind failed to follow the customer’s instructions to sell a master limited partnership position,…
Douglas Anthony Leone, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to provide testimony in a FINRA investigation into his potentially unsuitable investment recommendations. Department of Enforcement v. Douglas Anthony Leone, No. 2016052560002 (Jan. 9,…
James Dee Carlson, of Greensboro, North Carolina, a stockbroker formerly employed with UBS Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he executed trades in customer accounts without authorization from the customers or firm. Letter of…
Eric Brian Rosenberg, of New York, New York, a stockbroker currently registered with Oppenheimer & Co. Inc., is the subject of a customer initiated investment related complaint, which settled on April 5, 2016 for $35,285.00 in damages founded on allegations that Rosenberg effected a Transocean corporate bond purchase in the customer’s account that was neither…
Scott Lindsay Reed, of Indianapolis, Indiana, a stockbroker formerly registered with David A. Noyes & Company, is the subject of a customer initiated investment related arbitration claim, where the customer requested $379,245.00 in damages based upon allegations that Reed made omissions and misrepresentations to the customer concerning Digonex and BRS alternative investments, and placed unsuitable…
John Greg Schmidt, of Dayton, Ohio, a stockbroker formerly registered with Wells Fargo Advisors Financial Network, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on Schmidt’s failure to provide FINRA with information relating to his business activities. Case No. 2017056103801 (Nov. 29, 2017). FINRA Public…
Pedro Omar Diaz, of Coconut Creek, Florida, a stockbroker employed with LPL Financial LLC, has been fired on November 29, 2017, founded on accusations that he violated LPL Financial’s policy by engaging in the short-term trading of mutual fund trades in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Diaz has been…
Michael David Zeran, of Marion, Iowa, a stockbroker registered with Bancwest Investment Services, Inc., has been fired on July 12, 2016, supported by allegations that an investigation into Zeran’s business activities revealed that he engaged in short-term trading of mutual funds in customer accounts and mismarked investment transactions as unsolicited, causing the firm to lose…
Jeffrey Scott Ingros of Beaver, Pennsylvania, a former Raymond James Financial Services, Inc. stockbroker, is the subject of a customer initiated investment related written complaint on August 30, 2016, where the customer requested at least $5,000.00 in damages based upon accusations that Ingros made misrepresentations to the customer and executed unsuitable structure product transactions. Financial…
Abida Khan, also known as Sheik Firdosh Khan, of Passadena, California, a stockbroker formerly employed with Ameritas Investment Corp., has been permanently barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker, or associating with firms that provide investment advice or sell securities to the public, according to an…
Jeffrey Brewer McAleney, of Morristown, New Jersey, a stockbroker currently registered with J.P. Morgan Securities, LLC, is the subject of a customer initiated investment related written complaint on October 13, 2017, where the customer requested $20,271.50 in damages supported by allegations that between 2014 and 2016, McAleney made unsuitable investment recommendations to the customer regarding…
Colin Edward Hammer, of Akron, Ohio, a stockbroker registered with Morgan Stanley, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he placed unauthorized trades in customer accounts. Letter of Acceptance, Waiver and Consent, No. 2016051154701 (Jan. 22, 2018). According…
Matthew Aaron Turner, of Ponte Vedra Beach, Florida, a stockbroker currently employed with BB&T Securities, LLC, is the subject of a customer initiated investment related written complaint, which settled on December 27, 2017 for $14,999.00 in damages supported by allegations that Turner made unsuitable investment recommendations to the customer concerning a variable annuity, causing the…
Charles Albert Dixon, Junior, of Houston, Texas, a stockbroker formerly employed with Morgan Stanley Smith Barney, 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 cooperate with FINRA in an investigation into Dixon’s alleged unauthorized trading in customer…
James Ernest Joly, of East Greenwich, Rhode Island, a stockbroker formerly employed with LPL Financial, LLC, is the subject of a customer initiated investment related written complaint on September 22, 2017, in which the customer sought damages estimated at more than $5,000.00 supported by allegations that unauthorized and unsuitable non-traded real estate investment trust and…
William Mark Heiden, of Newport Beach, California, a stockbroker currently employed with Wedbush Securities, is the subject of a customer initiated investment related arbitration claim, where the customer has requested $41,835.00 in damages founded on accusations that investment recommendations relating to Clearbridge American Energy master limited partnership interests were not suitable for the customer, fiduciary…
Richard Charles Foster, of Tulsa Oklahoma, a stockbroker formerly registered with Cetera Investment Services, LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent,…
Richard Alan Shotz, of Ormond Beach, Florida, a stockbroker formerly registered with Morgan Stanley, has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he placed short-term unit investment trust trades in customer accounts that were not…
Matthew Kerby, of Paoli, Indiana, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into accusations that Kerby converted funds from a customer. Letter of Acceptance, Waiver and…
James Stewart Meagher, of New York, New York, a stockbroker formerly employed with Chardan Capital Markets, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that Meagher engaged in manipulative and fraudulent trading, misappropriated funds of…
Matthew Earl Peregoy, of Brick, New Jersey, a stockbroker formerly registered with Investors Capital 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 in the course of an investigation into Peregoy’s alleged mishandling of funds….
David Allan Cohen, of Rockville, Maryland, a stockbroker formerly registered with AXA Advisors, LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer sought $80,000.00 in damages supported by accusations that Cohen made unsuitable investment recommendations to the customer concerning the customer’s purchase of an annuity and life insurance…
Bradley Carl Mascho, of Frederick, Maryland, a stockbroker formerly employed with Western International Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to testify in a FINRA investigation into accusations of Mascho’s possible fraudulent conduct, private securities transactions and…
Daniel Todd Lerner, of White Plains, New York, a stockbroker currently registered with David Lerner Associates, Inc., is the subject of a customer initiated investment related written complaint on August 22, 2016, in which the customer sought $16,756.00 in damages founded on accusations that between August of 2015 to August of 2016, misrepresentations had been…
Guillermo William Valladolid, of La Jolla, California, a stockbroker formerly employed with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to comply with FINRA in an investigation into allegations of Valladolid selling away from Morgan Stanley. Letter of…
Peter George Ruggiere, of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities, Inc., is the subject of a customer initiated investment related written complaint on November 7, 2017, in which the customer sought $34,869.00 in damages based upon allegations that between May of 2016 and November of 2017, misrepresentations had been made…
Daniel Benjamin Vazquez, Senior, of Irvine, California, a stockbroker formerly employed with Cetera Advisors LLC, and founder and chief executive officer of Hoplon Financial Group and New Economic Opportunities Fund I, LLC, has been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that he engaged in a fraudulent real estate offering….
Andrew Joseph Hall, of Portland, Oregon, a stockbroker currently employed with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, wherein the customer was awarded $191,772.00 in damages supported by findings that from May of 2014 to December of 2015, Hall negligently handled the customer’s investment account, breached his…
Kimberly Pine Kitts, of Palmer, Massachusetts, a stockbroker formerly employed with Royal Alliance Associates, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to abide by FINRA’s request of furnishing information relating to Kitt’s business activities. Case No. 2017056380201 (Jan. 2,…
James Lebaron Springer of Sarasota, Florida, a stockbroker formerly registered with UBS Financial Services Inc., is the subject of a customer initiated investment related written complaint on December 12, 2016, in which the customer sought at least $5,000.00 in damages supported by allegations that between 2011 and 2016, Springer sold the customer’s blue-chip stocks and…
John Stephen Macgowan of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., was fired on October 2, 2017, based upon accusations that he failed to mark order tickets in accordance with Raymond James procedures. This is not the first time that Macgowan has been terminated from employment based upon allegations…
Ryan Neel Bowers, of San Diego, California, the chief compliance officer and managing principal with Enviso Capital and former stockbroker with WFG Investments, Inc., has been fined $50,000.00 and barred from associating with, inter alia, any investment adviser, broker or dealer according to a Securities and Exchange Commission (SEC) Order containing findings that Bowers made…
Joseph Rawley Stowell Jr, of Peoria Heights, a stockbroker formerly registered with Securities America, Inc., is the subject of a customer initiated investment related written complaint on November 9, 2016, in which the customer sought $77,000.00 in damages founded on accusations that Stowell poorly advised the customer about investing in mutual funds and stocks, causing…
Davenport & Company, LLC, a broker-dealer headquartered in Richmond, Virginia, was censured and fined $115,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm, inter alia, failed to supervise consolidated reports distributed to customers regarding their investment accounts. Letter of Acceptance, Waiver and Consent, No. 2016051515201 (Dec. 27, 2017). According to…
James Craig Chesser II, of Champaign, Illinois, a stockbroker formerly registered with the O.N. Equity Sales Company, is the subject of a customer initiated investment related arbitration claim, where the customer requested $6,900,000.00 in damages supported by accusations that Chesser inappropriately managed the customer’s investment portfolio of mutual funds, insurance products, equities and variable annuities….
Robert Edward Schultz, of New Smyrna Beach, Florida, a stockbroker formerly registered with Newport Coast Securities, Inc., is the subject of a customer initiated investment related arbitration claim, which settled for 20,000.00 in damages based upon allegations that Schultz breached his fiduciary duties to the customer, made misrepresentations and omissions, and executed unsuitable transactions regarding…
FSC Securities Corporation, a brokerage firm headquartered in Atlanta, Georgia, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that it failed to apply mutual fund sales charge waivers for its customers that were eligible to receive them. Letter of Acceptance, Waiver and Consent, No. 2017054137901 (Dec. 20,…
Clyde Darrel Jones of Whitesboro, Texas, a stockbroker currently registered with Titan Securities of Addison Texas (CRD No. 131392), is the subject of a customer initiated investment related arbitration claim, which settled for $22,500.00 in damages supported by allegations that Jones made misrepresentations to the customer and unsuitable investment recommendations regarding a viatical settlement. FINRA…
James Anthony Merkel of Frederick, Maryland, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fired on August 21, 2017, based upon allegations that he sold away from his firm and that his private securities transactions were violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
Stephen Douglas Pizzuti, of Altamonte Springs, Florida, a stockbroker formerly registered with Merrimac Corporate Securities, Inc., is the subject of a customer initiated investment related written complaint, in which the customer sought $90,000.00 in damages based upon allegations that inappropriate equity and direct investment products were effected in the customer’s account. Financial Industry Regulatory Authority…
James David Goodland, of Plymouth, Indiana, a stockbroker formerly registered with Cambridge Investment Research, as well as president and chief compliance officer of Securus Wealth Management, LLC, has been fined $30,000.00 and barred by the Securities and Exchange Commission (SEC) from working in a compliance or supervisory capacity with any brokerage firm or investment advisory…
Michael Brian Walk of Longwood, Florida, a stockbroker currently registered with Kestra Investment Services, LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $72,000.00 in damages founded on accusations that Walk made unsuitable investment recommendations to the customer in regard to real estate security and direct investment…
Kwimin Ahn of New York, New York, a stockbroker formerly registered with Pruco Securities, LLC, has been terminated from employment on May 25, 2017, based upon accusations that he violated the firm’s policies by reusing customer signatures on an annuity application and transfer documents in order to effect transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Michael Todd Hogan of Plymouth, Minnesota, a stockbroker formerly registered with Voya Financial Advisors, Inc., is the subject of a customer initiated investment related written complaint on July 7, 2017, where the customer sought $350,000.00 in damages based upon accusations that Hogan made misrepresentations about variable annuity products, and made unsuitable investment recommendations to the customer….
Ashley Elmo Arnsdorff of Charleston, South Carolina, a stockbroker formerly registered with BB&T Investment Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he attempted to settle a customer’s complaint away from the firm. Letter of Acceptance, Waiver…
Kevin A. Bostory of Edison, New Jersey, a stockbroker formerly registered with National Securities Corp., is the subject of a customer initiated investment related arbitration claim, where the customer requested $36,509.00 in damages based upon accusations that Bostory breached his fiduciary duties to the customer and effected unsuitable equity transactions in the customer’s account. Financial…
Todd Kimm of Syracuse, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, 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 he exercised discretion in customer accounts without authority, and placed…
Lauren Anne Ferrante, of Parma, Ohio, a stockbroker formerly registered with L&M Financial Services, is the subject of a customer initiated investment related written complaint on May 9, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Ferrante effected unsuitable equity transactions in the customer’s account and failed to diversify the…
Neil Stanley Kaplan of Bethesda, Maryland, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related civil action brought in the Circuit Court of Montgomery County, Maryland on December 29, 2016, in which the customer sought $435,000.00 in damages founded on accusations that in 2015, stock trades were executed in…
Keven J. Jedlicka, of Baltimore, Maryland, a stockbroker formerly registered with Chaplin Davis, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he traded in customer accounts on an unsuitable basis. Letter of Acceptance, Waiver and Consent, No. 2016047659701…
Douglas E. Keller, of Woodbridge, New Jersey, a stockbroker formerly registered with AXA Advisors LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance, Waiver and…
Gregory Joseph Rusnak of Saint Charles, Illinois, a stockbroker formerly registered with Sigma Financial Corporation, has been terminated from employment on December 13, 2017, based upon accusations that Rusnak violated Sigma’s policies by executing trades in a customer’s account on a discretionary basis. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on March 28, 2008,…
Alan Robert Rosenberg of Garden City, New York, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $150,000.00 in damages founded on accusations of suitability, negligence, and breach of fiduciary duty with respect to sector-specific stock transactions effected in the…
John Joseph Maloney III, of Morristown, Tennessee, a stockbroker formerly registered with Edward Jones, has been terminated from employment on May 10, 2016, based upon accusations that he failed to conform with the firm’s policies relating to the suitability of investment recommendations. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Maloney has been identified…
Michael Corbett Milne of Ocala, Florida, a stockbroker formerly registered with Kovack Securities, is the subject of a customer initiated investment related arbitration claim, which settled for $13,000.00 in damages supported by accusations that Milne breached his fiduciary duties, negligently handled the customer’s investment account, breached his contractual duties, made misrepresentations, effected unauthorized options and…
Robert Owen Kincaid of Sandpoint, Idaho, a stockbroker formerly registered with Edward Jones, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $1,053,664.00 in damages based upon allegations that the customer’s assets were over-concentrated in mutual funds products. The customer additionally alleged that investment losses were caused by Edward…
Larry Martin Boggs of Dallas, Texas, a stockbroker formerly registered with Ameriprise 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 improperly exercised discretion in a customer’s account, and placed unsuitable and excessive trades in the customer’s account. Letter…
Judie Marie Borden of Kalamazoo, Michigan, a stockbroker registered with Northwestern Mutual Investment Services, LLC, was terminated on September 7, 2017, based upon a customer’s allegations that Borden inappropriately placed the customer’s signature on account distribution documents. Particularly, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on August 28, 2017, a customer filed an investment…
Derrick Timothy Watts of Saint Charles, Illinois, a stockbroker currently registered with Oppenheimer & Co., is the subject of a customer initiated investment related written complaint, in which the customer requested over $5,000.00 in damages founded on accusations that Watts churned the customer’s equity portfolio between January of 2010 and November of 2015. Financial Industry Regulatory…
Abed William Lulu, of Melville, New York, a stockbroker formerly registered with Worden Capital Management, was subject of the revocation of Lulu’s securities registration by Financial Industry Regulatory Authority (FINRA) based upon his failure to pay FINRA a $5,000.00 fine relating to a FINRA enforcement action in which Lulu was sanctioned for failing to make…
William D. Bucci of King of Prussia, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been barred from the securities industry by the Securities and Exchange Commission (SEC) according to an Initial Decision Making Findings and Imposing Sanction by Default containing findings that Bucci, inter alia, had been convicted of securities fraud in violation…
Gary Raymond Gray of Las Vegas, Nevada, a stockbroker associated with Wells Fargo Clearing Services, has been fined $10,000.00 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 effected unauthorized trades in customer accounts and mismarked trading tickets. Letter…
Ronald Lee Johnston of Daytona Beach, Florida, a stockbroker currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related written complaint, which settled on November 7, 2017 for $230,000.00 in damages based upon accusations of omissions and misrepresentations between August of 2016 and June of 2017…
Mark B. Geist of Lincoln, Nebraska, a stockbroker currently associated with UBS Financial Services Inc., is the subject of a customer initiated investment related arbitration claim on August 8, 2017, in which the customer sought $280,542.00 in damages founded on accusations of negligence, breach of fiduciary duty, and unsuitable fixed income mutual fund transactions having…
Woodbury Financial Services Inc., a brokerage firm headquartered in Oakdale, Minnesota, has been censured and fined $75,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that the firm failed to appropriately apply sales charge discounts for customers when the customers were eligible to receive them, overcharging them as a result. Letter of Acceptance, Waiver…
Stephen Carey Hamilton of New York, New York, a stockbroker currently registered with Laidlaw & Company (UK) Ltd., is the subject of a customer initiated investment related arbitration claim, in which the customer sought $21,704.00 in damages based upon allegations that Hamilton made misrepresentations to the customer and failed to execute the customer’s investment orders…
Howard Barry Steinman of Coral Springs, Florida, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related civil action brought in the Circuit Court of Broward, Florida, in which the customer requested more than $5,000.00 in damages supported by accusations that Steinman effected unauthorized transactions in…
Lawrence John Fawcett Jr., of Farmingdale, New York, a stockbroker registered with Salomon Whitney Financial, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made an unsuitable investment recommendation to a customer. Letter of Acceptance, Waiver and Consent, No….
Patrick Richard McNamara of Florham Park, New Jersey, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related written complaint that settled on November 20, 2017 for $16,063.98 in damages supported by accusations that between September of 2011 and July of 2017, McNamara made…
William George Brunner of Huntington, New York, a stockbroker registered with Investment Planners, Inc., has been terminated from employment on May 12, 2017, based upon a customer’s allegations that Brunner exercised discretion in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Brunner has been identified in five customer initiated investment related…
Shannon Lynn Lewis of Muscatine, Iowa, a registered representative with State Farm VP Management Company, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in unapproved securities transactions. Letter of Acceptance, Waiver and Consent, No….
Kim Dung Le of Bloomington, Illinois, a registered representative associated with State Farm VP Management Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by way of Le’s consent to findings that he failed to cooperate in an investigation into allegations of his outside business activities. Letter…
Richard Williamson of McKinney, Texas, a stockbroker registered with Girard Securities, Inc., is the subject of a customer initiated investment related civil action brought in the District Court of Dallas Texas, in which the customer sought $1,000,000.00 in damages based upon accusations that life insurance policies had been inappropriately sold to the customer from April…
Mircea Sauciuc of Leawood, Kansas, a stockbroker registered with Morgan Stanley Barney, 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 he effected unauthorized transactions in a customer’s account and made unsuitable investment recommendations. Letter of Acceptance, Waiver and…
Keith Owen Flynn of Henderson, Nevada, a stockbroker registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related written complaint on October 18, 2017, where the customer sought $56,849.56 in damages based upon allegations that Flynn sold the customer a variable life insurance policy in January of 2017 without having reasonably…
Anthony John Salerno of South Easton, Massachusetts, a stockbroker registered with RBC Capital Markets, LLC, is the subject of a customer initiated investment related written complaint on November 1, 2017, where the customer requested $15,500.00 in damages based upon allegations that between August 26, 2016 and September 28, 2017, Salerno made unsuitable preferred stock recommendations…
Royal Alliance Securities, a brokerage firm headquartered in Jersey City, New Jersey, has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based upon accusations that the firm failed to appropriately apply sales charge discounts for customers when the customers were eligible to receive them, overcharging them as a result. Letter of Acceptance,…
Dean Curtis Abraham of Las Vegas, Nevada, a stockbroker currently associated with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, where the customer sought $4,700,000.00 in damages supported by accusations that from 2003 to 2016, the customer was exposed to excessive trading and charging of fees relating to her variable annuity…
Charles Bernard Lynch Jr. of Irvine, California, a stockbroker registered with Wells Fargo Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2015045713301 (Dec. 11, 2017). According…
Rod I. Skaf of Dublin, Ohio, a stockbroker registered with MSI Financial Services, Inc., is the subject of a customer initiated investment related written complaint on September 12, 2017, where the customer requested $38,000.00 in damages based upon accusations that Skaf made misrepresentations to the customer relating to the terms and conditions of the customer’s…
Thomas Bertram Guthrie of Spokane Washington, a stockbroker currently associated with Robert W. Baird & Co. Incorporated, is the subject of a customer initiated investment related written complaint on August 4, 2017, in which the customer requested $450,000.00 in damages supported by accusations that stock transactions were effected in the customer’s account which were not…
Walter Warren Parker of Rowlett, Texas, a stockbroker currently associated with Titan Securities, is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into Parker’s involvement in potentially unsuitable direct participation program transactions. FINRA Investigation No. 20160504921 (Nov. 15, 2017). FINRA Public Disclosure reveals that Parker has been identified in seven customer initiated investment…
Eric Christopher Erb of Babylon, New York, a stockbroker registered AXA Advisors, LLC, is the subject of two customer initiated investment related arbitration claims since he was fined $20,000.00 and suspended by Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations and misrepresentations about costs, fees and surrender penalties of annuities. Letter of Acceptance,…
Daniel Paul Doogs of Aurora, Indiana, a stockbroker registered with Ameriprise Financial Services, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Doogs failed to provide FINRA with a response to FINRA’s request for information about his business activities. FINRA Letter No. 2017053751801…
Michael Paul Massey of Vero Beach, Florida, a stockbroker currently associated with Raymond James & Associates, Inc., is the subject of a customer initiated investment related written complaint, which settled on October 20, 2017, for $25,000.00 in damages supported by accusations that between December 10, 2012 and May 12, 2016, Massey positioned a stock that…
Roy Elmer McGuffin of Cincinnati, Ohio, a stockbroker registered with Ameriprise Financial Services, Inc., was terminated from employment on September 19, 2017, based upon accusations that he may have violated the firm’s policies with respect to a customer’s beneficiary designation. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on August 9, 2017, a customer…
David Hershel Weinstein of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $325,000.00 in damages based upon accusations that Weinstein over-concentrated the customer’s assets, and made unsuitable investment recommendations to the customer pertaining to over-the-counter…
Philip Stainislav Rabinovich of New York, New York, a stockbroker currently associated with the Dinosaur Financial Group, L.L.C. has been disgorged of $109,695.00, fined $130,000.00, suspended from working as a broker dealer or investment advisor; and ordered by the Securities and Exchange Commission (SEC) to cease and desist violating Securities Act of 1933 Section 5(a),…
Bruce Edward Orenstein of Weehawken, New Jersey, a stockbroker currently associated with UBS Financial Services, Inc., is the subject of a customer initiated investment related written complaint on October 18, 2017, where the customer requested more than $5,000.00 in damages supported by accusations that the customer was sold variable annuity products without having been informed…
Hong Kun Pan of Flushing, New York, a stockbroker associated with Pruco Securities, L.L.C., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to reply to FINRA’s request for information about his business activities. Case No. 2016050091704 (Dec. 11, 2017). FINRA Public…
Charles Thomas Stevens of Saint Augustine, Florida, a stockbroker currently associated with D.H. Hill Securities, LLLP, is the subject of a customer initiated investment related arbitration claim, where the customer alleged breach of contract, negligence, breach of fiduciary duty, and unsuitable investment recommendations of business development companies, real estate investment trusts and a variable annuity….
Steven Robert Karmelin of West Palm Beach, Florida, a stockbroker currently registered with RBC Capital Markets, LLC, is the subject of a customer initiated investment related written complaint brought by a customer on August 14, 2017, where the customer sought $280,000.00 in damages founded on accusations that between February 4, 2011 and August 7, 2017,…
Christian Desmond Fautz of Fort Myers, Florida, a stockbroker registered with AXA Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations Fautz never provided FINRA with a response to its request for information about his business activities. Case No. 2017054319701 (Nov. 6, 2017). FINRA…
James Barton Lowther of Sarasota, Florida, a stockbroker currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related arbitration claim, in which the customer sought $300,000.00 in damages based upon accusations of misrepresentations and omissions, unsuitable investment recommendations, and unauthorized master limited partnership transactions between November…
Scott William Palmer of Hackensack, New Jersey, a stockbroker associated with Janney Montgomery Scott, was terminated from employment on May 24, 2017, based upon allegations that the firm lost confidence in him after learning of the customer complaints that had been lodged against him. Particularly, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on…
Melvin Elwood Case of Jacksonville, Florida, a stockbroker registered with LPL Financial LLC, was fired on May 2, 2017, based upon allegations that he had exploited an elderly individual after converting that individual’s funds for Case’s personal gain. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Case is referenced in five customer initiated investment…
Eric Richard Marlin of Solana Beach, California, a stockbroker registered with Finance 500, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $1,070,145.00 in damages founded on accusations including breach of contract, negligent misrepresentations and omissions, breach of fiduciary duty, breach of the covenant of good faith and…
Anthony Joseph Dibernardo of Melville, New York, a stockbroker associated with Hornor, Townsend & Kent, Inc., has been fired on June 29, 2017, based upon allegations that he effected a trade in a customer’s account without authorization. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Dibernardo is referenced in two customer initiated investment related…
Michael Darren Bell of Rochester, New York, a stockbroker registered with Morgan Stanley Smith Barney, is the subject of a customer initiated investment related written complaint on June 27, 2017, alleging that between June of 2014 and March of 2017, mutual fund trades were effected in the customer’s account without authorization. Financial Industry Regulatory Authority…
Robert C. Wynn of Glendale, California, a stockbroker registered with Park Avenue Securities LLC, is the subject of a customer initiated investment related arbitration claim, which settled for $75,000.00 in damages supported by accusations that stock trades were executed in the customer’s securities account that were neither suitable nor authorized by the customer. Financial Industry…
James Morgan Levitt of New York, New York, a stockbroker associated with Morgan Stanley, is the subject of a customer initiated investment related written complaint, which settled on June 19, 2017 for $9,000.00 in damages supported by allegations that between March 1, 2014 and December 31, 2014, Levitt executed excessive trades relating to closed-end funds, exchange…
Accelerated Capital Group, Inc. a brokerage firm headquartered in Costa Mesa, California, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that the firm failed to supervise its trading activities. Department of Enforcement v. Accelerated Capital Group, Inc., Disciplinary Proceeding No. 2012033566205 (Dec. 13, 2017). According to the Complaint, between August…
David Warren Olson of Saint Petersburg, Florida, a stockbroker associated with Morgan Stanley Wealth Management, has been fired on December 20, 2016, based upon allegations that he participated in undisclosed outside business activities and solicited a customer loan. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Olson has been identified in eight more customer…
Aaron Leonard Heimowitz of Melville, New York, a stockbroker registered with Newport Coast Securities, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on December 3, 2015, based upon accusations that he failed to comply with a $403,162.00 customer award in FINRA Arbitration Case No. 13-03293 (May 29,…
Jon Lewis Bowles of Pasadena, California, a stockbroker registered with FSC Securities, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $50,000.00 in damages based upon allegations of violation of FINRA Rules, violation of state and federal laws, breach of contract, breach of fiduciary duty, misrepresentation, suitability and…
Jeremy David Hare of Bala Cynwyd, Pennsylvania, a stockbroker associated with Gilford Securities Incorporated, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on January 4, 2014, based upon consenting to findings that he failed to comply with a customer award of $249,303.21 in FINRA Arbitration No. 11-03778,…
Timothy Revell Roberson of Brentwood, Tennessee, 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 $30,543.31 in damages supported by accusations that Roberson made misrepresentations and omissions to the customer between September of 2015 and May of 2017 in…
Jon Mark Dabareiner, of Hardy, Virginia, an investment adviser representative with Concord Wealth Partners, has been terminated on September 25, 2017, based upon allegations that he committed violations of industry standards and rules. This is not the first time that Dabareiner has been terminated by an employer based upon allegations of misconduct. Particularly, Dabareiner was…
Citigroup Global Markets Inc., a brokerage firm headquartered in New York, New York, has been censured and fined $5,500,000.00 by consenting to findings that the firm, inter alia, inaccurately exhibited ratings of equities that the firm offered to customers. Letter of Acceptance, Waiver and Consent, No. 2016048931101 (Dec. 21, 2017). According to the AWC, between…
Tyrone Pang of San Jose, California, a stockbroker 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 that he failed to cooperate in a FINRA investigation into accusations of his improper customer account transactions. Letter of Acceptance, Waiver and…
David Richard Geake of Northbrook, Illinois, a stockbroker associated with Madison Avenue Securities, LLC, is the subject of a customer initiated investment related written complaint on August 9, 2017, in which the customer requested $200,000.00 in damages based upon allegations that Geake effected fixed indexed annuities, equipment leasing products, business development companies and real estate…
Brighton Securities Corp., a brokerage firm headquartered in Rochester, New York, was censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise its stockbroker, who effected mutual fund trades that were not suitable for customers. Letter of Acceptance, Waiver and Consent, No. 2015046536701 (Dec….
Kenneth J. Christman, Jr., of Poughkeepsie, New York, a stockbroker currently associated with Stifel, Nicolaus & Company, Incorporated, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $28,553.41 in damages founded on allegations that Christman failed to supervise a stockbroker’s corporate debt investments executed in the customer’s investment…
David Oscar Braeger, of New York, New York, a stockbroker registered with Newport Coast Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Office of Hearing Officers Extended Hearing Panel Decision containing findings that he made misrepresentations to customers concerning the status and value…
Stephen Joe Williams of Madison, Alabama, a stockbroker currently registered with NEXT Financial Group, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $50,000.00 in damages based upon allegations that Williams effected unsuitable real estate investment trust transactions in the customer’s account. Financial Industry Regulatory Authority (FINRA)…
John M. James of Golden Valley, Minnesota, a stockbroker associated with 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 he failed to cooperate with FINRA in an investigation into allegations of his borrowing of customer…
John William Bernard of Shell Beach, California, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he placed trades in customer accounts without authorization. Letter of Acceptance, Waiver and Consent, No. 2015044696201 (Dec….
Ellen Vratoric of Glassport, Pennsylvania, a stockbroker associated with The Huntington Investment Company, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that she failed to make an appearance for recorded testimony in regard to her sales of annuities. Department of Enforcement v. Ellen Vratoric, No. 2016049420501 (Dec. 22, 2017). According to…
Raymond Adam Menna, of PlanMember Securities Corporation, is the subject of a customer initiated investment related arbitration claim, where the customer sought $1,000,000.00 in damages supported by accusations that Menna made misrepresentations and omissions to the customer, effected transactions in the customer’s account that were not suitable, and traded equities without the customer’s consent. Financial…
Jonathan Scott Leopold, of New York, New York, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, where the customer sought $250,000.00 in damages based upon accusations that unsuitable over-the-counter equities and direct investment products had been sold to the customer between 2009 and June of…
Joe E. Tinder, of Missoula, Montana, a stockbroker currently registered with Western International 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 respond to FINRA’s investigation into accusations that he, inter alia, sold away from his firm….
WestPark Capital, Inc., located in Los Angeles, California, has been censured and fined $27,500.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm failed to create and sustain adequate supervision of collateralized mortgage obligations and failed to enforce existing supervisory practices. Letter of Acceptance, Waiver and Consent, No. 2016051690101 (Dec. 22,…
Michael Scott Lance, of San Rafael, California, a stockbroker registered with Wells Fargo Advisors, is the subject of a customer initiated investment related written complaint on October 26, 2016, in which the customer sought more than $5,000.00 in damages based upon accusations that the customer was never informed about tax consequences pertaining to individual retirement…
Denes Joseph Chapo III, of Cleveland, Ohio, a stockbroker associated with U.S. Bancorp Investments, is the subject of a customer initiated investment related written complaint on July 10, 2017, in which the customer requested $12,128.25 in damages based upon allegations that Chapo effected unauthorized over-the-counter equities purchases in the customer’s account. Financial Industry Regulatory Authority…
Craig Cary Langweiler, of Philadelphia, Pennsylvania, a stockbroker associated with Windsor Street Capital, L.P. (formerly Meyers Associates, L.P.), has been fined $15,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision pertaining to findings that Langweiler effected…
Gregory Russel Bauer of Moon Township, Pennsylvania, a former stockbroker of Waddell & Reed, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer sought $386,871.00 in damages based upon accusations that Bauer stole his parent’s funds through the submission of forged and fraudulent endorsements and withdrawal forms. Financial…
Liberty Financial Partners, a brokerage firm headquartered in Mount Pleasant, South Carolina, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon allegations that the firm, inter alia, failed to supervise transactions effected in customer accounts to determine whether customers incurred excessive costs and had been exposed to excessive trading. Letter…
Martin Allen Stevens Jr., of Denver, Colorado, a stockbroker registered with Stifel, Nicolaus & Company, Incorporated, has been subject of a customer initiated investment related arbitration claim, in which the customer requested $249,000.00 in damages based upon allegations of breach of contract, misrepresentation, suitability, negligence, breach of fiduciary duty, and fraud in regard to equity…
Charles Henry Frieda, of Irvine, California, 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 by consenting to findings that he made unsuitable investment recommendations to the firm’s customers. Letter of Acceptance, Waiver and Consent, No. 2015045713302 (Dec….
Donald Anthony Devito II, of Albany, New York, a stockbroker formerly registered with Wells Fargo Advisors, has been subject of a customer initiated investment related written complaint, which settled for $50,000.00 in damages on November 14, 2017, based upon allegations of excessive fees having been assessed on the customer’s equity transactions between December 31, 2008…
JoeAnn M. Walker, of Brockton, Massachusetts, a stockbroker formerly registered with Next Financial Group, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she obstructed a FINRA investigation into allegations that she effected unsuitable annuity sales. Letter of Acceptance, Waiver and Consent,…
Jeffrey Allen Fanning, of West Palm Beach, Florida, a former chief executive officer of Liberty Partners Financial Services, LLC, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Fanning, inter alia, failed to supervise stockbrokers’ activities for excessive trading in customer accounts. Department of Enforcement v. Jeffrey…
Steven A. Bumbera, of Saint Louis, Missouri, a stockbroker formerly registered with Kovack Securities Inc., has been fined $4,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in an unapproved outside business activity and failed to be forthcoming to the firm…
Wayne Ivan Miiler, of Scottsdale, Arizona, president of Accelerated Capital Group 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 he failed to supervise the firm’s chief compliance officer and supervisor for stockbrokers located in…
Teryl Lee Trenchard, of Reston, Virginia, a stockbroker formerly registered with Capitol Securities Management, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $1,800,000.00 in damages based upon allegations that Trenchard misappropriated the customer’s assets, traded in the customer’s account without authorization, and placed exchange traded fund,…
Brian Michael Travers, of Melville, New York, a stockbroker formerly registered with MML Investors Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in an investigation into allegations that he engaged in unapproved private securities transactions…
Leslie Koonce, of Menlo Park, California, 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 he obstructed a FINRA investigation into allegations that he sold away from his firm and falsified information about his…
Gary Bruce Weiss, of Farmingdale, New York, a chief operating officer formerly registered with Salomon Whitney Financial, 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 failed to supervise a stockbroker that made unsuitable investment recommendations to a…
Walter Sanfrid Olsson, of Grand Rapids, Michigan, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined and suspended 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. 2016052628601…
Paul Wescoe Smith, of Wayne, Pennsylvania, a stockbroker formerly registered with Bolton Global Capital and investment advisor for The Haverford Group, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that engaged in investment advisory fraud and executed a fraudulent securities offering spanning a quarter century. Securities and Exchange Commission v….
James C. Tao and Donna Chen, of Houston Texas, stockbrokers and investment advisors formerly associated with Sunbelt Securities, were charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Tao engaged in fraudulent securities transactions, and Tao and Chen offered and sold securities as unregistered brokers by selling away. Securities and Exchange Commission…
Michael Timothy Dolan, of Minneapolis, Minnesota, a stockbroker formerly registered with Doughtery Dawkins LLC, 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’ Hearing Panel Decision containing findings that Dolan sold away from his firm. Letter of Acceptance,…
Tommy Huy Mai, of Westminster, California, a stockbroker formerly registered with Questar Capital 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 he forged customer signatures on account documentation and communicated misleading information about securities…
Janet Lynn Ross, of Irvine, California, chief compliance officer of Accelerated Capital Group, Inc., has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Ross, inter alia, failed to supervise stockbrokers who made unsuitable, excessive and unauthorized…
Investors Capital Corporation, J.P. Turner & Company, L.L.C., VSR Financial Services, Inc., Investacorp., Inc., and BB&T Investment Services, Inc., have all been censured by FINRA for taking advantage of certain customers, namely retirement plans and charitable organizations, by overcharging them in mutual fund transactions. Evidently, the firms sold mutual funds containing multiple share classes, in…
Michael N. Guilfoyle, of New York, New York, a stockbroker registered with Legend Securities, Inc., has been fined $10,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable transactions in the customer’s account. Letter of Acceptance, Waiver…
Brenton Bataille, of Centennial, Colorado, a stockbroker currently registered with Spencer Edwards, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he made unsuitable investment recommendations to customers concerning convertible notes. Letter of Acceptance, Waiver and Consent, No. 2014041862704…
Benjamin J. Herauf, of Dickinson, North Dakota, a stockbroker registered with Edward Jones, 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 he forged a customer’s account documentation. Letter of Acceptance, Waiver and Consent, No. 2016052114701…
Zachary S. Berkey and Daniel T. Fischer, of Melville, New York, stockbrokers registered with Four Points Capital Partners LLC, were subject of a Complaint brought by the Securities and Exchange Commission containing accusations that Berkey and Fischer made unsuitable investment recommendations to customers, misrepresentations, and churned customers’ accounts. Securities and Exchange Commission v. Zachary S….
John Fotis Valliades, of New York, New York, a stockbroker registered with Petersen Investments 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 placed trades in customers’ accounts without authorization. Letter of Acceptance, Waiver and Consent, No….
Steven Dale Heath of Newport News, Virginia, a stockbroker registered with Capitol Securities Management, Inc., has been subject of sanctions imposed by Financial Industry Regulatory Authority (FINRA) including the temporary revocation of his securities licensure for failing to pay a fine pertaining to a FINRA disciplinary action containing findings of his improper conduct (June 1,…
Eric Dean Rolschoven, of Missoula, Montana, a stockbroker registered with FSC Securities Corporation, was fined $15,000.00 by the Office of the Montana State Auditor, Commissioner of Securities and Insurance, according to a Consent Agreement and Final Order containing findings that Rolschoven failed to supervise a registered representative who engaged in sales practice violations. In the…
Greg Vincent Scheibel, of Waynesboro, Virginia, a stockbroker currently registered with H. Beck, Inc., is the subject of a customer initiated investment related written complaint on February 15, 2016, in which the customer sought $110,000.00 in damages founded on allegations that an inappropriate investment strategy was utilized for the customer, leading the customer to incur…
Michael John Kurka, of Alexandria, Virginia, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related written complaint on October 30, 2017, in which he alleged that between 2011 and 2014, Kurka effected transactions in the customer’s in-house money manager account that were not suitable for the customer. Financial Industry…
Jermaine Joseph, of Hialeah Gardens, Florida, a stockbroker registered with PFS Investments Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he commingled a customer’s funds, served as personal representative to a customer in violation of the firm’s policies,…
Joseph Gunnar & Co. LLC, a FINRA brokerage firm headquartered in New York, New York, has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that the firm failed to develop supervisory procedures to identify and stop unsuitable trades from being executed in customers’ investment accounts. Letter of Acceptance, Waiver…
LBMZ Securities, Inc., a brokerage firm headquartered in Chicago, Illinois, has been censured and fined $65,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm failed to adequately conduct due diligence relating to private placement offerings, failed to supervise its communications to customers, and disseminated faulty advertisements to customers. Letter of…
Capital City Securities, LLC, a brokerage firm headquartered in Columbus, Ohio, has been censured and fined $15,000.00 from by Financial Industry Regulatory Authority (FINRA) by way of the firm’s consent to findings that the firm failed to supervise sales of exchange traded funds. Letter of Acceptance, Waiver and Consent, No. 2014039216101 (Dec. 5, 2017). According…
Charles Matthew Anderson, of Doylestown, Pennsylvania, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he traded unit investment trusts in customer accounts that were not suitable for customers. Letter of…
Nolan Dudley Baird, Jr., of Augusta, Georgia, a stockbroker registered with Stifel, Nicolaus & Company, Incorporated, 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 trades in customer accounts without authorization. Letter of Acceptance, Waiver and Consent,…
Jay Costa Kelter, of Johns Creek, Georgia, a former stockbroker with Berthel, Fisher & Company Financial Services, Inc., has been charged in a Complaint by the Securities and Exchange Commission (SEC) alleging that he committed material omissions and misrepresentations to customers, misappropriated customers’ funds, and committed securities fraud. Securities and Exchange Commission v. Jay Costa…
Karen McKinley, of Manchester, New Hampshire, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment written complaint, where the customer sought $16,951.58 in damages supported by allegations that she misappropriated the customer’s funds between 2014 and 2015. The customer’s complaint comes after Financial Industry Regulatory Authority (FINRA) barred her…
Heath Shayne Bowen of Idaho Falls, Idaho, president of Allegis Investment Services, LLC, has been charged by the Securities Commissioner for the State of Colorado in a Complaint alleging that investors have been defrauded by Bowen, and exposed to misrepresentations while their assets were under Bowen’s management, which led to customers incurring substantial investment losses….
Alonzo Barnett Jr, of Greensboro, North Carolina, a stockbroker formerly registered with Ameritas Investment Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by failing to provide FINRA with information about his business activities when requested. Case No. 2017053125201 (June 12, 2017). FINRA Public Disclosure reveals that…
Shannon Christopher Taylor, of Durham, North Carolina, a stockbroker formerly registered with Fidelity Brokerage Services LLC, was fired on April 27, 2017, founded on allegations that trades failed to be executed by Taylor as required, and the firm’s departmental protocol was violated as a result of Taylor’s failure to accurately report his communications with customers…
Patrick Henry Maddren, of Boca Raton, Florida, a stockbroker formerly registered with Dawson James Securities, Inc., is the subject of a customer initiated investment related arbitration claim, which settled for $295,000.00 in damages founded on accusations of breach of contract, unsuitable investment recommendations, unauthorized trading, excessive commissions, excessive trading, omissions and misrepresentations, and failure to…
Nadav Nachum Baum, of Pittsburgh, PA, a stockbroker formerly registered with BPU Investment Management, Inc., is the subject of a Cease and Desist sanction and $6,000.00 fine imposed by the New Jersey Bureau of Securities by consenting to findings that he violated the terms of his heightened supervision arrangement. In the Matter of: Nadav Nachum…
Daniel Howard Glick, of Orland Park, Illinois, an advisor associated with Financial Management Strategies and former stockbroker of Transamerica Financial Advisors, Inc., has been charged by the Securities and Exchange Commission in a Complaint alleging that Glick committed securities fraud. Securities and Exchange Commission v. Daniel H. Glick, et al., Civil Action No. 17-CV-2251 (N.D….
Gene Charles Valentine, of Wellsburg, West Virginia, the chief executive officer of Financial West Group, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he associated with an individual who was disqualified in the securities industry. Letter of Acceptance, Waiver…
Dennis David Rasmusson, of Peoria, Arizona, a stockbroker currently registered with Berthel, Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, which settled for $15,000.00 in damages based upon accusations that Rasmusson breached his contractual duties, made misrepresentations to the customer, negligently handled the customer’s investment account,…
Christopher Todd Wendel, of Celina, Ohio, a stockbroker registered with SA Stone Wealth Management Inc., has been fired on September 5, 2017, supported by accusations that he violated the policies of the firm through selling away; he effected promissory notes transactions outside the firm’s auspices. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wendel…
Craig Edward Lewis, of Atlanta, Georgia, a stockbroker formerly registered with VALIC Financial Advisors, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations that he engaged in unapproved outside business activities and sold away from…
Angelo Talebi, of Beverly Hills, California, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on September 21, 2017, in which the customer requested $39,298.00 in damages based upon allegations that Talebi made misrepresentations to the customer and effected a purchase of a real estate…
Anthony Sica, of New York, New York, a stockbroker currently registered with Joseph Gunnar & Co. LLC, has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to the customer and placed unauthorized…
Aaron Christopher Mesaros, of Mukilteo, Washington, a stockbroker currently registered with Allstate Financial Services, LLC, is the subject of a customer initiated investment related written complaint on November 19, 2015, in which the customer requested $5,000.00 in estimated damages supported by allegations of the unauthorized rollover of the customer’s existing unit investment trust into a…
Joseph Abbate, of Garden City, New York, a stockbroker formerly registered with Wells Fargo Clearing Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he placed trades in customer investment accounts without their approval. Letter of Acceptance, Waiver and…
Paul Anthony Falcon, of Miami, Florida, a stockbroker currently registered with Aegis Capital Corp., is the subject of a customer initiated investment related arbitration, where the customer has sought $190,000.00 in damages supported by accusations that between August 1, 2013 and February 1, 2016, excessive and unauthorized trades were executed in the customer’s investment account…
Joseph Palermo of Staten Island, New York, a stockbroker with Chelsea Financial Services, has been fined $50,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made omissions and misrepresentations concerning outside investment accounts, and engaged in unapproved business activities….
David Lee Reynolds, of Modesto, California, a stockbroker formerly employed with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in an investigation into allegations that he misappropriated customer funds. Letter of Acceptance, Waiver and Consent,…
Robert Alfred Dennison, of West Palm Beach, Florida, is the subject of a customer initiated investment related arbitration claim, where the customer sought $115,000.00 in damages based upon allegations that Dennison made unsuitable investment recommendations to the customer concerning municipal debt products effected in the customer’s account between 2013 and 2015. Financial Industry Regulatory Authority…
On December 7, 2017, the United States Securities and Exchange Commission and the Department of Justice, through the United States Attorney for the Eastern District of Pennsylvania filed a civil action and a criminal indictment against Paul Wescoe Smith fomerly associated with Bolton Global Capital. On May 24, 2017, the Guiliano Law Group filed a…
Daniel Edward Pugel of Seattle, Washington, an advisor formerly registered with Financial Advocates Investment Management, was terminated on March 20, 2017, based upon allegations that he violated Financial Industry Regulatory Authority (FINRA) suitability standards in the course of effecting structured notes products for customers. FINRA Public Disclosure reveals that Pugel is the subject of three…
Brian F. Gimelson of Princeton, New Jersey, a stockbroker registered with North Nassau Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his outside business activities. Letter of Acceptance, Waiver and…
Joseph Ismael Rodriguez of Parsippany, New Jersey, a stockbroker currently registered with Hennion & Walsh, Inc., is the subject of a customer initiated investment related arbitration claim, where customers requested $125,000.00 in damages based upon accusations that investment grade municipal bond purchases effected in the customers’ accounts were not suitable for the customers. Financial Industry…
Robert Francis Leis of Louisville, Kentucky, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined $50,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he placed trades in customers’ investment accounts without their consent. Letter of Acceptance, Waiver and…
Christopher Lee Goslin, of Tampa, Florida, a stockbroker formerly registered with Harbor Lights Securities, LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014040343701 (Sept….
Bryan Wayne Anderson, of Birmingham, Alabama, a stockbroker formerly registered with Pruco Securities, LLC, has been barred by Securities and Exchange Commission (SEC) from engaging in business as a broker or an investment advisor, or otherwise associating with brokerage firms or investment advisories according to an Order containing findings that Anderson committed securities fraud. In…
Bettye Clements Hays, of Mobile, Alabama, a stockbroker formerly registered with Principal Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that she failed to provide FINRA with information about her business activities. FINRA Case No. 2017053749201 (June 6, 2017). FINRA Public Disclosure…
Jackie Divono Wadsworth of Houston, Texas, the chief executive officer of IMS Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $954,700.00 in damages supported by allegations of negligent supervision, breach of fiduciary duty, and fraud in regard to real estate investment trusts effected in the…
Michael James Resciniti of Melville, New York, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he executed trades in customer accounts without their permission. Letter of Acceptance, Waiver and…
Timothy James Miller of Neenah, Wisconsin, a stockbroker formerly registered with TradingBlock, is the subject of a customer initiated investment related written complaint on August 21, 2017, in which the customer sought $5,000.00 in damages supported by accusations that the customer was charged excessive fees on mutual funds investments. Financial Industry Regulatory Authority (FINRA) Public Disclosure…
Robert Hayes Hoffman of Greenwood, Indiana, a registered representative formerly employed with Woodbury Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with a FINRA investigation into allegations of his private securities transactions, excessive…
Mark Andrew Trewitt of Plano, Texas, a stockbroker formerly registered with VFG Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $84,000.00 in damages supported by allegations of misrepresentations and unsuitable investment recommendations having been made to the customer between December 5, 2012 and June 9,…
Leslie George Markus, Jr. of Center Valley, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been charged in a Complaint by Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleging that Markus effected unauthorized trades in customer accounts, and falsified statements to FINRA personnel in regard to his trading activities. Department of…
In 2002, in the wake Worldcom and Enron the United States Congress among other things amended the United States Bankruptcy Code to provide that Bankruptcy Code does not discharge an individual debtor from any debt incurred in connection with the violation of any of the Federal securities laws (as that term is defined in section…
Questar Capital Corp., a brokerage firm headquartered in Minneapolis, Minnesota, has been censured by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it disadvantaged charitable organization and retirement account customers by overcharging them on mutual fund transactions. Letter of Acceptance, Waiver and Consent, No. 2016049977801 (Nov. 2, 2017). According to…
Victor Michel of Reno, Nevada, a stockbroker formerly registered with Financial West Group, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to testify before FINRA staff in the course of an investigation into his sales practice violations. Letter of Acceptance,…
Susan Lavon Welo of Mayville, North Dakota, a stockbroker formerly registered with Cetera Advisor Networks LLC, is subject of a Cease and Desist Order issued by the North Dakota Securities Department based upon findings that Welo sold insurance and securities to the public while not registered with a broker-dealer; advised the public while not registered…
Peter Joseph Doyle of Washington, DC, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his improper conduct as referenced in his termination from Morgan…
William C. Gennity, of Staten Island, New York, and Rocco Roveccio, of Freehold, New Jersey, stockbrokers employed with Alexander Capital, have been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that they made fraudulent investment recommendations to customers, misrepresentations, churned customer investment portfolios, and traded without authorization from 2012 to 2014. Securities…
William Wesley Marshall of Plano, Texas, a stockbroker currently registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $200,000.00 in damages based upon allegations of omissions and misrepresentations and unsuitable investment recommendations relating to the sales of unregistered corporate debt securities. FINRA…
Joseph Harold Sterling of Phoenix, Arizona, a stockbroker registered with Geneos Wealth Management, Inc., is the subject of a customer initiated investment related arbitration claim, wherein the customer requested $290,000.00 in damages based upon allegations that Sterling made unsuitable investment recommendations to the customer concerning real estate securities. FINRA Arbitration No. 17-01906 (July 19, 2017)….
Marc Augusta Reda of New York, New York, a stockbroker formerly registered with PHX Financial, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Reda, inter alia, traded in customer accounts without authorization. Letter of…
William John Paynter Jr. of Scottsdale, Arizona, a stockbroker formerly registered with UBS Financial Services Inc., is the subject of a customer initiated investment related arbitration claim on June 28, 2017, in which the customer requested $500,000.00 in damages based upon allegations of breach of contract, breach of fiduciary duty, negligence, and suitability regarding oil…
Jonathan Todd Pyne of Minneapolis, Minnesota, a stockbroker currently registered with Berthel Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related written complaint on July 6, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Pyne misled the customer by inducing the customer’s…
Ernest Julius Romer III, of Sterling Heights, Michigan, a stockbroker formerly registered with Corecap Investments, has now been charged by the United States Securities & Exchange Commission with the theft of approximately $2.7 million from his customers. In the Matter of ERNEST J. ROMER, III, ADMINISTRATIVE PROCEEDING File No. 3-19006 (Feb. 22, 2019) According to…
Michael B. Barnett of Marion, Illinois, a stockbroker currently registered with J.J.B. Hilliard, W.L. Lyons, LLC, is the subject of a customer initiated investment related civil action, in which the customer requested more than $5,000.00 in damages based on allegations that over-the-counter equities and stock transactions had been effected in the customer’s account which were neither…
Pranav V. Patel of Tamarac, Florida, has been barred from associating with an investment advisory or brokerage firm in any capacity, or otherwise working as a broker or investment advisor representative according to a Securities and Exchange Commission (SEC) Order containing findings that Patel committed securities fraud. In the Matter of Pranav V. Patel, Administrative…
Leon Paul Rehak, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim on October 12, 2017, in which the customer requested $499,000.00 in damages founded on allegations that from May 3, 2011 to September 29, 2017, the customer’s account…
Danny S. Hood of Alpharetta, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been barred from acting as an investment adviser or broker or associating with any investment advisories or brokerage firms in any capacity according to a Securities and Exchange Commission (SEC) Order containing findings that Hood effected unauthorized transactions in customer…
Terry Dean Bahgat (also known as Tarek Dean Bahgat), of Amherst, New York, the managing member of WealthCFO, WealthCFO Advisors, LLC, and WealthCFO Partners, LLC, and stockbroker formerly employed with Gradient Securities, LLC, is the subject of a Complaint brought by Securities and Exchange Commission alleging Bahgat misappropriated customer funds. Securities and Exchange Commission v….
Paul Anthony Steffany, of Westport, Connecticut, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of an Order Issued by the Banking Commissioner of the State of Connecticut which permanently barred him from engaging in business as an investment advisor, broker-dealer, investment adviser agent, or broker-dealer agent. In the Matter of…
Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker formerly registered with Park Avenue Securities LLC who is barred from the securities industry, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $175,000.00 in damages based upon allegations that Ty effected unauthorized transactions by selling the customer a promissory…
Hornor, Townsend & Kent, Inc., a brokerage firm headquartered in Horsham, Pennsylvania, has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise private securities transactions and variable annuity share class recommendations. Letter of Acceptance, Waiver and Consent, No. 2015043387001 (Nov. 14,…
Barry Franklin Connell, of Ridgewood, New Jersey, a former stockbroker registered with Morgan Stanley, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon his failure to provide information to FINRA about his “business activities.” Case No. 2016052354501. Although FINRA does not disclose why Connell was…
Edward Louis Barger, of Miami, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $400,000.00 in damages based upon allegations that unsuitable closed-end fund, stock and over-the-counter equity transactions were effected in the customer’s account between January of 2010 and…
Hank Mark Werner, of New York, a stockbroker formerly registered with Legend Securities, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Extended Hearing Panel Decision containing findings that Werner made unsuitable investment recommendations to a customer and engaged…
Richard Eastburn, of Cleveland, Ohio, a stockbroker formerly registered with UBS Financial Services Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made misrepresentations to customers about custody agreements. Letter of Acceptance, Waiver and Consent,…
Charles Terrence Lundell of Bellevue, Washington, a stockbroker formerly registered with First Allied Securities, Inc., has been fined $5,000.00 and suspended for a month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected unauthorized trades in customers’ investment accounts. Letter of Acceptance, Waiver and…
Patrick Francis Walsh, of Westlake Village, California, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, which settled for $156,000.00 in damages based upon allegations that between January of 2009 and November of 2015, Walsh effected trades in the customer’s account on an excessive basis relating…
John James McLaughlin IV, of Ponte Vedra Beach, Florida, a stockbroker formerly registered with Morgan Keegan & Company, Inc., is subject of a customer initiated investment related arbitration claim that settled for $6,500.00 in damages, which was founded on allegations including suitability, omissions and misrepresentation, breach of fiduciary duty, breach of contract and negligence in…
Luis Alberto Mendoza, of Washington, District of Columbia, a stockbroker formerly registered with HSBC Securities (USA) Inc., is the subject of a customer initiated investment related written complaint on July 20, 2015, where the customer sought $47,000.00 in damages supported by allegations that two variable universal life insurance policies were sold to the customers despite…
Gregory Ray Powell of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related arbitration claim, where customers have alleged that between 2006 to 2015, their investment accounts were improperly managed, misrepresentations were made relating to investments, fees were excessively charged, and their investment portfolios were churned….
Robert Scott Wilder of Atlanta, Georgia, a stockbroker formerly registered with Sterne Agee Financial Services, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent,…
Larry Lee Aschebrook, of Chicago, Illinois, a former officer of Gentry Securities, LLC, is the subject of a customer initiated investment related civil action that settled for $140,000.00 in damages based upon allegations that misrepresentations were made to the customer regarding private placements. Civil Action No. 2015-CH-18129 (Oct. 25, 2016). The customer also alleged that…
Ricardo Rodriguez-Stern, of New York, New York, a stockbroker formerly registered with JP Morgan Securities LLC, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to cooperate with FINRA’s investigation into customer disputes that JP Morgan customers filed against him. Department of Enforcement v. Ricardo Rodriguez-Stern, Disciplinary Proceeding…
Thomas Joseph Buck, of Indianapolis, Indiana, a former Merrill Lynch, Pierce, Fenner & Smith Incorporated stockbroker who has been barred by Financial Industry Regulatory Authority (FINRA) in all capacities, is the subject of five customer initiated investment related written complaints that have been settled on November 23, 2016, for a total of $465,000.00 in damages,…
Leslie George Markus Jr., of Center Valley, Pennsylvania, a stockbroker currently registered with Lincoln Investment, is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation, which has been initiated on November 16, 2016, concerning Markus’ possible unauthorized trading in violation of FINRA Rule 2010; inaccurate entries in the firm’s records and books in violation…
Gary Allen Graham, of Huntington Beach, California, a stockbroker currently registered with Calton & Associates, Inc., is the subject of a California Department of Insurance Order suspending Graham’s insurance licenses based upon findings that he failed to inform California about a fine and suspension imposed by Financial Industry Regulatory Authority (FINRA) for Graham’s improper conduct….
Barbara Ann Endres, of Grand Junction, Colorado, a stockbroker formerly registered with Wells Fargo Advisors, LLC and investment advisor representative with Lifetime Wealth Advisors, LLC, is the subject of an Order issued by Commonwealth of Massachusetts Securities Division suspending Endres’ investment advisor representative registration in the Commonwealth of Massachusetts based upon allegations of her improper…
Steven Pagartanis, of Setauket, New York, a stockbroker formerly registered with Cadaret, Grant & Co., Inc., has been terminated by the firm on March 20, 2017, based on allegations that the firm received a customer initiated investment related arbitration claim pertaining to Pagartanis’ conduct that contained accusations of conversion of the customer’s funds, securities fraud…
Dale Franklin Norton Jr., of Newhall, California, a former registered representative with Independent Financial Group, LLC, is the subject of a California Department of Insurance Order issued on July 27, 2017, revoking Norton’s insurance licensure according to Sections 1669(a)(I) and 1738 of the California Insurance Code, based upon Norton having pled nolo contendere to a…
James Edmond Moniz of Brainless, Massachusetts, a stockbroker formerly registered with Signator Investors, Inc., has become the subject of heightened supervision requirements imposed by the Secretary of State of the Commonwealth of Massachusetts, Securities Division, according to a Consent Order containing findings that Moniz accumulated nine customer complaints, FINRA rule infractions and a civil judicial…
Dennis McNamara Jr. of Bogota, New Jersey, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, was fired on August 24, 2017, based upon McNamara’s failure to make regulatory disclosures to Financial Industry Regulatory Authority (FINRA) about judgments and liens placed against him. FINRA fined McNamara $5,000.00 and suspended him in all capacities as…
Christopher Todd Wendel of Celina, Ohio, a stockbroker formerly employed with SA Stone Wealth Management Inc., has been fired from the company on September 5, 2017, based upon allegations that Wendel sold away from the firm. Wendel’s termination comes after the firm launched an investigation into his alleged private securities transactions on April 21, 2017….
Brandon Preston Long of Alpharetta, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment adviser according to an SEC Order containing findings that Long misled investors in the course of selling annuity products. In the Matter of Brandon P. Long,…
Joseph John Squillacioti, of Irvine, California, a stockbroker formerly registered with Ameriprise Financial, was fired on May 15, 2017, based upon having consistently violated the firm’s policies with respect to the solicitation of investments from customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Squillacioti has been identified in five customer initiated investment related…
Kenneth Bostian Neuner, of Dallas, Texas, a stockbroker formerly registered with Summit Brokerage Services, Inc., has been permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member by consenting to findings that he failed to cooperate in a FINRA investigation into his unauthorized trading in Summit customers’ investment accounts. Letter…
David Apted of Clayton, Missouri, a stockbroker formerly registered with Smith, Moore & Co., 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 allegations that Apted, inter alia, sold away from his firm relating to customers’ investments in a venture-capital…
Deborah Elizabeth Greenlee-Keck, of Mishawaka, Indiana, 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 based on allegations that Greenlee-Keck obstructed a FINRA investigation into allegations of her improper conduct concerning a financial transaction with a customer of the…
Landon Lavon Williams, of Jacksonville, Florida, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $10,000.00 and 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 Order Accepting Offer of Settlement containing findings…
John Robert Openshaw, of Irvine, California, a stockbroker formerly registered with Newport Coast Securities, Inc., has been named in a customer initiated investment related written complaint on February 8, 2017, in which the customer requested $70,000.00 in damages based upon allegations that from 2014 to 2017, Openshaw churned the customer’s investment portfolio and effected mutual…