Municipal Bond Fraud

Archive | Municipal Bond Fraud

FINRA Investigates Cantone CEO For Misrepresentation

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Municipal Bond Fraud   |   Comments Off on FINRA Investigates Cantone CEO For Misrepresentation

Anthony Joseph Cantone of Eatontown New Jersey a stockbroker and Chief Executive Officer of Cantone Research is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Cantone omitted and misrepresented information about municipal bonds and had committed securities fraud. Case No. 2017055886402 (Oct. 29, 2020). According to FINRA Public Disclosure, Cantone […]

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Investors Sue Santander Securities For Unsuitable Trading

August 27, 2020  |   Posted by :   |   Failure To Supervise, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Santander Securities For Unsuitable Trading

Eric Juan Stubbe Arsuaga of Dorchester Massachusetts a stockbroker formerly employed by Santander Securities LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $82,500.00 in damages based upon allegations that the customer had been placed in common and preferred stock and mutual funds among other investments that failed […]

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Investors Accuse Wedbush Securities Of Fraud

July 29, 2020  |   Posted by :   |   Elder Financial Abuse, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud, Structured Products   |   Comments Off on Investors Accuse Wedbush Securities Of Fraud

Mark Fredrick Augusta of Del Mar California a stockbroker formerly associated with Wedbush Securities Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the customer had been defrauded and that misrepresentations and omissions had been made in regard to the customer’s […]

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Merrill Lynch Sued By For Bad Investment Advice

July 20, 2020  |   Posted by :   |   Municipal Bond Fraud, Mutual Fund Fraud, Securities Arbitration Claims   |   Comments Off on Merrill Lynch Sued By For Bad Investment Advice

Juan Guillermo Herrans Barreras of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $800,000.00 in damages based upon allegations that misrepresentations had been made to the customer regarding mutual funds and that the customer […]

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Santander Securities Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Santander Securities Sued By Investors For Fraud

Lazaro Armando Fernandez Paredes of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages based upon accusations that the customer had been placed into fraudulent closed end funds and municipal debt investments during the time that Paredes […]

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Investors Sue Morgan Stanley For Defective Bond Recommendations

July 11, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud, Securities Arbitration Claims   |   Comments Off on Investors Sue Morgan Stanley For Defective Bond Recommendations

Kenneth Marc Hutkin of New York New York a stockbroker and investment adviser representative formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been placed into unsuitable municipal debt investments […]

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Morgan Stanley Accused Of Unsuitable Trading

June 08, 2020  |   Posted by :   |   Municipal Bond Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Morgan Stanley Accused Of Unsuitable Trading

Laurence Michael Braunstein of New York New York a stockbroker formerly associated with Morgan Stanley has been referenced in a customer initiated investment related written complaint on February 20, 2020 in which the customer requested unspecified damages supported by allegations that municipal debt transactions that were executed in the Morgan Stanley customer’s account had failed […]

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Investors Accuse FMSbonds Of Bad Bond Advice

May 13, 2020  |   Posted by :   |   Bond Fraud, Municipal Bond Fraud   |   Comments Off on Investors Accuse FMSbonds Of Bad Bond Advice

Zachary Evan Feinsilver of North Miami Florida a stockbroker registered with FMSbonds Inc. is the subject of a customer initiated investment related complaint on March 7, 2019 where the customer sought $33,000.00 in damages based upon accusations that the customer was poorly advised by Feinsilver regarding a municipal debt investment during the period in which […]

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Morgan Stanley Sued By Investors For Defective Investment Advice

April 23, 2020  |   Posted by :   |   Municipal Bond Fraud, Securities Arbitration Claims   |   Comments Off on Morgan Stanley Sued By Investors For Defective Investment Advice

Ian M. Deliz Morales of Tampa Florida a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer sought $750,000.00 in damages based upon accusations that municipal bonds sold by Morales were in no way suitable for the customer of Morgan Stanley. Financial Industry Regulatory Authority […]

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Arive Stockbroker Barred In Selling Away Investigation

April 23, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Municipal Bond Fraud, Selling Away and Outside Activities   |   Comments Off on Arive Stockbroker Barred In Selling Away Investigation

Lisa Acca of Bay Ridge New York a stockbroker formerly employed by Arive Capital Markets has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to testify for FINRA and failing to provide information or documentation to the regulator while […]

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Hennion Walsh Sued By Investors For Unsuitable Bond Recommendations

April 18, 2020  |   Posted by :   |   Bond Fraud, Investment and Regulatory News, Municipal Bond Fraud, Securities Arbitration Claims   |   Comments Off on Hennion Walsh Sued By Investors For Unsuitable Bond Recommendations

Marc S. Strafaci (also known as Marr S. Strafari) of Parsippany New Jersey a stockbroker employed by Hennion Walsh Inc. has been identified in a customer initiated investment related arbitration claim which was settled to resolve accusations that municipal bond trades which were purchased by Strafaci in the customer’s Hennion Walsh account failed to be […]

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GMS Investors File FINRA Arbitration Claim Alleging Negligence

William Martin Ornstein of Boca Raton Florida a stockbroker currently associated with The GMS Group LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations of negligence and the breach of a fiduciary duty that was owed to the customer in regard […]

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Merrill Lynch Sued By Investors For $28 Million In Bond Losses

Hector J. Gonzalez (also known as Hector Gonzales Colon) of Miami Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages founded on accusations that (1) investment recommendations were unsuitable in view of the customer’s […]

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Investors Sue Santander For Failure To Supervise Short Broker With Long List Of Complaints

Suzanne Short of San Juan Puerto Rico a stockbroker registered with Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought between $500,000.00 and $1,000,000.00 in damages based upon accusations that transactions violated securities laws or rules (1) a contract and warranties were breached (2) transactions lacked […]

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Investors Sue David Lerner For Fraud

Robert Spencer Cavanagh (also known as Bob Holt) of Syosset New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $38,500.00 in damages based upon allegations that (1) the customer was defrauded by making investments through the stockbroker (2) […]

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Investors Sue Merrill Lynch For Misrepresentation

Dario Alberto Ochoa of Guaynabo Puerto Rico a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim where the customer requested $210,000.00 in damages based upon accusations that (1) investment recommendations made by the stockbroker were unsuitable for the customer in view of the customer’s […]

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GMS Group Sued By Investors For Bond Fraud

Jason Lyn Figueroa of Boca Raton Florida a stockbroker formerly registered with GMS Group LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested 1,000,000.00 in damages supported by allegations that (1) the customer’s account had been negligently administered (2) municipal debt investment recommendations failed to be suitable […]

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Investors Accuse Morgan Stanley Of Unsuitable Municipal Bond Transactions

David Hugh Bindelglass of Paramus New Jersey a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related complaint which was resolved for $100,000.00 in damages on January 10, 2019 founded on accusations that unsuitable municipal debt trades had been effected in the customer’s account during the time that Bindelglass […]

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FINRA Sanctions Morgan Stanley Stockbroker For Unsuitable Bond Trading

December 13, 2019  |   Posted by :   |   Investment and Regulatory News, Municipal Bond Fraud   |   0 Comments

John Anthony Borsellino of Stamford Connecticut 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 gave customers bad investment advice while associated with Morgan Stanley. Letter of Acceptance […]

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Investors Sue Merrill Lynch For Defective Investment Advice

Arturo Rexach Mundo of Guaynabo Puerto Rico a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith is the subject of a customer initiated investment related arbitration claim where the customer sought $7,000,000.00 in damages supported by accusations that (1) misrepresentations had been made concerning government debt investments and (2) investment recommendations made by the […]

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DA Davidson Sued By Investors For Bad Investment Advice

Gregory Roy Tucker of Des Moines Iowa a stockbroker currently employed by DA Davidson Co. is referenced in a customer initiated investment related arbitration claim where the customer requested $10,000,000.00 in damages based upon allegations that between 2009 and 2018: (1) the customer was charged excessive commissions (2) important information about the customer’s corporate and […]

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Investors Sue Morgan Stanley For Unsuitable Bond Recommendations

Ian M. Deliz Morales of Tampa Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that from August of 2014 to September of 2019, the customer had been placed into closed end fund and […]

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Oppenheimer Sued By Investors For Misrepresentation

Eric Brian Rosenberg of Parsippany New Jersey a stockbroker currently registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $157,466.25 in damages supported by accusations that (1) unfounded statements were made by the stockbroker concerning investments and (2) investment recommendations made to the customer were […]

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Investors Accuse Hennion Walsh Of Bad Investment Advice

Sean Michael Logue of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related written complaint which was resolved for $10,000.00 on May 9, 2019 based upon accusations of bad mutual fund investment recommendations being made to the customer which resulted in the customer purchasing […]

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Investors Sue Hennion Walsh For Defective Investment Advice

William Hennion of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages supported by allegations that between 2015 and 2018, the customer was provided poor investment advice from Hennion as it pertained to investments […]

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Investors Sue Wedbush For Unauthorized Trading

Mark Fred Augusta of Solana Beach California a stockbroker formerly registered with Wedbush Securities is referenced in a customer initiated investment related arbitration claim in which the customer requested $398,832.00 in damages based upon accusations that (1) bond trades effected by Augusta failed to be suitable for the customer and (2) unauthorized transactions were executed […]

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GMS Group Sued By Investors For Bad Investment Advice

Travis Alan Knadle of Boca Raton Florida a stockbroker currently employed by The GMS Group LLC is referenced in a customer initiated investment related arbitration claim which was settled to resolve allegations that investment recommendations made to the customer were not suitable in regard to the municipal and corporate debt transactions effected in the customer’s […]

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Investors Sue Hennion Walsh For Municipal Bond Misconduct

August 28, 2019  |   Posted by :   |   Investment and Regulatory News, Municipal Bond Fraud   |   0 Comments

Stephen George Kowalski of Parsippany a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages supported by allegations that between 2012 and 2017, municipal debt purchases were inappropriate for the customer and resulted in the customer incurring unwarranted losses. […]

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Citigroup Sued By Investors For Bad Mutual Fund Advice

Timothy Trevor Kenska of Encinitas California a stockbroker currently registered with Citigroup Global Markets Inc. is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations of bad mutual fund trades being effected in the customer’s account between 2015 and 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. FINRA […]

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Investors Sue Oriental Financial For Securities Fraud

Manuel Francisco Porrata Monserrate (also known as Manuel F. Porrata) of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services is referenced in a customer initiated investment related complaint where the customer sought $210,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) investment recommendations failed to […]

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