Stockbroker Negligence

Archive | Stockbroker Negligence

Investors Name Edward Jones In FINRA Securities Arbitration Claim For Negligence

January 03, 2021  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Stockbroker Negligence   |   Comments Off on Investors Name Edward Jones In FINRA Securities Arbitration Claim For Negligence

Ronald James Radner of Delray Beach Florida a stockbroker formerly registered with Edward Jones is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $475,000.00 in damages supported by accusations that a contract between the customer and the securities broker dealer had been breached and that the customer’s account […]

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FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

December 07, 2020  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud, Stockbroker Negligence   |   Comments Off on FINRA Bars Arive Stockbroker For Failure To Pay Arbitration Award

Richard Lyndon Brown of Farmingdale New York a stockbroker formerly registered with Arive Capital Markets and Chelsea Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Brown neglected to cooperate with a FINRA Arbitration Award where he was ordered to pay a […]

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Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

December 07, 2020  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Stockbroker Negligence   |   Comments Off on Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial […]

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Investors Bring Arbitration Claims Against Cetera Advisors For Goldmine Scam

November 04, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Selling Away and Outside Activities, Stockbroker Negligence   |   Comments Off on Investors Bring Arbitration Claims Against Cetera Advisors For Goldmine Scam

Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly registered with Cetera Advisors LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $35,695.00 in damages based upon accusations of Balser breaching a fiduciary duty do the customer and having defrauded the customer while employed by Cetera Advisors […]

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Investors Accuse First Allied Securities Of Fraud

October 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Accuse First Allied Securities Of Fraud

Dennis Patrick Thurman of Sioux Falls South Dakota a stockbroker registered with First Allied Securities and investment adviser representative of Arete Wealth Management LLC is identified in a customer initiated investment related complaint on March 15, 2019 in which the customer sought $11,997.97 in damages supported by accusations that a contract had been breached and […]

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Investors Sue Marlton Stockbroker For Breach Of Fiduciary Duty

September 30, 2020  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Marlton Stockbroker For Breach Of Fiduciary Duty

Barry David Abrams of Marlton New Jersey a stockbroker formerly employed by Ameriprise Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $20,000.00 in damages based upon accusations that the customer had been placed into unsuitable investments including Corporate Capital Trust and FS Energy and Power (FSEP) which […]

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Investors Sue Insight Securities Over International Ponzi Scheme

September 14, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Sue Insight Securities Over International Ponzi Scheme

Carlos Javier Legaspy of Highland Park Illinois a stockbroker currently employed by Insight Securities Inc. and an investment adviser representative of Precise Investment Management Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into worthless securities […]

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Mid Atlantic Capital Sued For Misrepresentation

September 14, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Mid Atlantic Capital Sued For Misrepresentation

James Bernis Lunsford (also known as Jim Lunsford) a stockbroker formerly employed by Mid Atlantic Capital Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages supported by accusations that the customer’s account was negligently supervised at Mid Atlantic Capital Corporation and that misrepresentations and […]

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Stifel Nicolaus Sued By Investors For Breach of Fiduciary Duty

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Stifel Nicolaus Sued By Investors For Breach of Fiduciary Duty

Andrew Bruce Elsoffer of Pepper Pike Ohio a stockbroker formerly registered with Stifel Nicolaus Company is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and that […]

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Investors Bring Claims Against Newbridge Securities For Negligence

July 29, 2020  |   Posted by :   |   Securities Arbitration Claims, Stockbroker Negligence, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Claims Against Newbridge Securities For Negligence

Travis Justin Lippmann of New York New York a stockbroker formerly registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $55,000.00 in damages based upon allegations that the customer’s losses had been caused by negligence and the breach of a fiduciary by Lippmann in […]

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Investors Sue Oppenheimer For Negligence

July 11, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Oppenheimer For Negligence

David Wayne Krumrey of The Woodlands Texas a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations including breach of fiduciary by Krumrey as it pertained to equity transactions effected in the customer’s account between January […]

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Aegis Capital Corp Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Aegis Capital Corp Sued By Investors For Fraud

Thomas Duggan of Melville New York a stockbroker currently employed by Aegis Capital Corp has been identified in a customer initiated investment related arbitration claim where the customer sought $1,079,155.08 in damages founded on accusations of elder abuse relating to the customer’s investments between 2017 and 2019 while Duggan was employed by Aegis Capital Corp. […]

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Investors Sue First Standard Financial For Breach Of Contract

July 11, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Securities Arbitration Claims, Stockbroker Negligence, Unauthorized Trading   |   Comments Off on Investors Sue First Standard Financial For Breach Of Contract

Jeffrey Allen Baber of Red Bank New Jersey a stockbroker and investment adviser representative formerly registered with First Standard Financial Company is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that unsuitable equities transactions had been executed by Baber at First Standard Financial […]

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Buckman Buckman Reid Sued By Investors For Negligence

June 24, 2020  |   Posted by :   |   Private Placement Fraud, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Buckman Buckman Reid Sued By Investors For Negligence

William Louis Baumner IV (also known as Bill Baumner) of Boca Raton Florida a stockbroker formerly employed by Buckman Buckman Reid Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $67,000.00 in damages founded on accusations that the customer was provided with unsuitable investment advice pertaining to a […]

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BMA Stockbroker Barred In FINRA Investigation

June 08, 2020  |   Posted by :   |   Stockbroker Negligence   |   Comments Off on BMA Stockbroker Barred In FINRA Investigation

Martin Joseph Noonan Jr. of El Segundo California a stockbroker formerly registered with BMA 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 with FINRA personnel who were investigating accusations that Noonan engaged in excessive and […]

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Investors Sue Concorde Investment Services For Fraud

June 08, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Concorde Investment Services For Fraud

Robert Scott Smith of Newberg Oregon a stockbroker formerly associated with Concorde Investment Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $360,000.00 in damages supported by allegations that the customer had been defrauded by investing in private placements through Smith during the period in which the […]

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Investors Sue First Allied Securities For Negligence

June 08, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Sue First Allied Securities For Negligence

Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with First Allied Securities Inc. and Kovack Securities Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $49,000.00 in damages based upon allegations that a fiduciary duty that was owed to […]

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Joseph Stone Sued By Investors For Negligence

June 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Stockbroker Negligence, Unauthorized Trading   |   Comments Off on Joseph Stone Sued By Investors For Negligence

David Khezri of Holbrook New York a stockbroker formerly employed by Joseph Stone Capital LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $235,635.00 in damages founded on accusations of negligence and the breach of a fiduciary duty by Khezri as it pertained to stock trades executed in […]

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Cetera Investment Services Sued By Investors For Fraud

May 13, 2020  |   Posted by :   |   Securities Fraud, Stockbroker Negligence   |   Comments Off on Cetera Investment Services Sued By Investors For Fraud

John Edward Massa of Staten Island New York a stockbroker associated with Cetera Investment Services has been referenced in a customer initiated investment related arbitration claim which was settled for $20,000.00 in damages supported by allegations including (1) negligence (2) breach of fiduciary duty (3) breach of contract and (4) fraud in violation of Securities […]

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Investors Sue National Securities Corporation For Negligence

May 12, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Sue National Securities Corporation For Negligence

Allan Perry Montalbano of Garden City New York a stockbroker formerly employed by National Securities Corporation and Worden Capital Management LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $160,000.00 in damages founded on accusations of (1) breach of a contract governing the customer’s stock trades at National […]

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Investors File Claim Against First Allied Securities For Negligence

April 23, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Non-traded REITs, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors File Claim Against First Allied Securities For Negligence

Jeffrey Guy Labelle of Sarasota Florida a stockbroker employed by First Allied Securities Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought $250,000.00 in damages founded on accusations of (1) negligent supervision of the stockbroker (2) breach of a contract pertaining to the customer’s investments (3) violation of […]

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Investors Sue Worden Capital For Breach Of Fiduciary Duty

April 18, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Excessive Trading, Investment and Regulatory News, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Worden Capital For Breach Of Fiduciary Duty

David Michael Murray of New York New York a stockbroker currently employed by Worden Capital Management LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $174,991.00 in damages founded on accusations of (1) omissions and misrepresentations (2) breach of contract (3) breach of fiduciary duty (4) suitability (5) […]

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Investors Sue Cetera Advisors For Negligence

April 18, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Securities Arbitration Claims, Selling Away and Outside Activities, Stockbroker Negligence   |   Comments Off on Investors Sue Cetera Advisors For Negligence

Kenneth Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $103,664.82 in damages founded on accusations that (1) the stockbroker’s negligence resulted in the customer’s losses (2) a fiduciary duty was breached by Balser (3) […]

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Investors Sue Cetera Advisors For Stockbroker Misconduct

March 26, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Cetera Advisors For Stockbroker Misconduct

George Craig Merhoff Jr. of Klamath Falls Oregon a stockbroker associated with Cetera Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $43,000.00 in damages based upon allegations of Merhoff’s unsuitable stock trading. FINRA Arbitration No. 20-00551. According to the claim, transactions were negligent and violative […]

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Thurston Springer Financial Accused Of Negligence

David Jonathan Bolton of Bowling Green Kentucky a stockbroker formerly registered with Thurston Springer Financial is the subject of a customer initiated investment related complaint on July 9, 2019 where the customer sought $24,770.00 in damages based upon accusations of negligence with respect to mutual funds and annuities purchased and sold by the customer when […]

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Investors Sue Kovack Securities For Failure To Supervise

Andrew Scott Corbman of Lansdowne Virginia a stockbroker employed by Kovack Securities Inc. has been referenced in a customer initiated investment related arbitration claim which has been resolved for $80,000.00 in damages founded on accusations that (1) common or preferred equity stock transactions failed to be adequately supervised by the securities broker dealer (2) transactions […]

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Santander Sued By Investors For Fraud

Luis Currais Lopez of Dorchester Massachusetts a stockbroker formerly employed by Santander Securities LLC has been identified in a customer initiated investment related arbitration claim which has been resolved for $12,000.00 in damages founded on accusations that (1) transactions failed to be adequately supervised by the securities broker dealer (2) false or misleading statements had […]

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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 Wells Fargo For Breach Of Fiduciary Duty

Michael Fisher of Melville New York a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $50,000.00 in compensatory damages based upon Wells Fargo Advisors being found liable on the customer’s claims which included that (1) the customer’s account […]

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CFD Investments Sued By Investors For Fraud

Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by allegations that (1) a contract was breached by the stockbroker or the securities broker dealer (2) fiduciary duties had been breached […]

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