Jeffrey Tyler Shaver, of Atlanta, Georgia, a stockbroker registered with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based on allegations of stockbroker negligence, overconcentration, and the unsuitable investment recommendation of alternative investments and real estate…
Christopher Brian Riggs (also known as Chris Riggs), of Petersburg, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested over $5,000.00 in damages based upon allegations the he made the unsuitable investment recommendations of…
Haiguang Yin (also known as Hai Guang Yin and John Yin), of Arcadia, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The claim was filed on April 16, 2024. The customer alleged unsuitable investment recommendations, misrepresentation of…
Daryl Ray Calton, of Mesa, Arizona, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate investment trusts (REITs) when Calton…
Jerry Dale Kiefer, of Edmond, Oklahoma, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs during the time that…
John Noel Marcheso, of Anaheim, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Marcheso was associated with Centaurus…
Robert James McKee (also known as Bob McKee), of Michigan City, Indiana, a stockbroker registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities…
Robert Joseph Earls Jr., of Roanoke, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Earls was associated with LPL Financial…
Roger Scott Green, of Duluth, Georgia, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on December 17, 2021, for $27,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities during the time that Green was associated with Cetera Advisors…
Timothy Joseph Banks (also known as Tim Banks), of Creve Coeur, Missouri, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment investment recommendation of real estate securities or…
David Jon Nastri, of Cheshire, Connecticut, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Nastri was associated with LPL Financial LLC….
William David Isaacson, of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon the alleged unsuitable investment recommendation of non-traded real estate investment trusts when Isaacson was…
Bernell D. Baker, of Eagle Mountain, Utah, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon alleged the unsuitable investment recommendation of real estate securities during the period that Baker was associated…
Kenneth Wayne Finnell (also known as Ken Finnell), of Winchester, California, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $37,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs…
Phillip Chien-Cheng Kao, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Kao was associated with…
Travis Jerome Hughes, of El Paso, Texas, a stockbroker formerly registered with the defunct Investors Capital Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $75,000.00 in damages based upon the alleged overconcentration of the customer’s account in real estate securities during…
David John Segarra, of Las Vegas, Nevada, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related complaint filed on June 3, 2024, in which the customer requested $80,000.00 in damages based upon alleged breach of fiduciary duty and unsuitable recommendations in illiquid real estate securities during the time…
Edward Felix Dublis (also known as Ed Dublis), of Byron Center, Michigan, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages based upon allegations that Dublis made the unsuitable investment recommendation of…
Patrick Roland Hobert of Newport Beach, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hobert breached his fiduciary duties and made the unsuitable investment recommendation of…
Terri Lynn Fassi (also known as Terri Lynn Phelps and as Terri Lynn Wojcicki), of Windsor, Colorado, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $16,000.00 in damages based upon allegations that Fassi breached her…
Roger Allan Roemmich of Alpharetta, Georgia, a stockbroker registered with Dempsey Lord Smith LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $73,300.00 in damages based upon allegations that Roemmich failed to conduct reasonable due diligence on direct investments and made…
Robert Gerald Lorente (also known as Bob Lorente), of Northville, Michigan, a stockbroker previously registered with Great Point Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Lorente breached his fiduciary duties, breached…
Kevin Clinton Loyd Jr., of Town and Country, Missouri, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Loyd breached a contract, misrepresented material facts, and made…
Scott Callis Barcomb, of Sarasota, Florida, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $10,000.00 in damages based upon allegations that Barcomb failed to conduct adequate due diligence, failed to supervise certain…
Thomas Benjamin Paine (also known as Tom Paine), of Arroyo Grande, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Paine made the unsuitable investment recommendation of illiquid alternative…
Vincent Anthony Pallitto Jr. (also known as Vince Pallitto and Vinny Pallitto), of Florham Park, New Jersey, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Pallitto made the unsuitable…
Michael Peter Sloan, of St. Charles, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related complaint on December 18, 2013, in which the customer requested $9,107.16 in damages based upon allegations that Sloan made material misrepresentations and omissions of fact in connection with the sale of real…
Brian Hayden Solomon, of Encinitas, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon allegations that Solomon made the unsuitable investment recommendation of in non-traded real estate investment…
Robert Lloyd Omohundro, of Atlanta, Georgia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Omohundro made the unsuitable investment recommendation of real estate securities when Omohundro was associated with…
Timothy Neil Tremblay of Santa Barbara, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Tremblay over-concentrated the customer’s accounts in real estate securities which were both…
Timothy Lee Connor, of Redwood Shores, California, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 to $500,000.00 in damages based upon allegations that Connor made the unsuitable investment recommendation of real estate…
Daniel Philip Raupp of Setauket, New York, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related complaint filed on September 6, 2023, in which the customer requested compensatory damages based upon allegations that Raupp made omissions of material fact in connection with the sale of direct investments…
Jonna Doris Keller (also known as Jonna Doris Edelmayer and Jonna Doris Hansen), of Sarasota, Florida, a stockbroker registered with Sigma Financial Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Keller was negligent…
Mark David Wolpert of Plymouth, Minnesota, a stockbroker registered with MSI Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that Wolpert made unsuitable investment recommendations and made misrepresentations of material fact about…
Patrick Tantoco (also known as Hermogenes Gil Patrick Tantoco), of Honolulu, Hawaii, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Tantoco made the unsuitable investment recommendation…
Richard Whitfield Brown of Fort Myers, Florida, a stockbroker registered with Summit Brokerage Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $368,803.00 in damages based upon allegations that Brown made the unsuitable investment recommendation of in real estate securities…
Shaun B. Floresca, of Chicago, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Floresca made the unsuitable investment recommendation of real estate securities when Floresca was associated…
Donna Louise Klink Payne, of Summerland, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The customer requested damages based upon allegations that Payne made unsuitable recommendations in real estate securities when Payne was associated with Centaurus Financial Inc….
Herbert C. White of Greenwood Village, Colorado, a stockbroker registered with Woodbury Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that White made omissions of material fact and the unsuitable investment recommendation…
Richard Benn McFarland Jr. of Wyomissing, Pennsylvania, a stockbroker registered with NPB Financial Group LLC and Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,521,706.00 in damages based upon allegations that McFarland recommended illiquid and risky non-traded…
Jason Andrew Shelby, of Memphis, Tennessee, a stockbroker formerly registered with FSC Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $286,913.28 in damages based upon allegations that Shelby overconcentrated the customer’s accounts in real estate securities when Shelby was associated…
Kathryn J. Hackney (also known as Kathryn Ohlin), of Orange, California, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Hackney made the unsuitable investment recommendations of real…
Marc David Drew of Salt Lake City, Utah, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested more than $5,000.00 in damages based upon allegations that Drew made the unsuitable investment recommendation of real estate…
Daniel B. Chancellor (also known as Dan Chancellor), of Evansville, Indiana, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Chancellor breached his fiduciary duties, made unsuitable investment recommendations, was negligent, and violated…
Travis Lynn Riggs, of Bentonville, Arkansas, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on June 1, 2023, for $23,732.11 in damages based upon allegations that Riggs charged excessive fees in connection with their investment account when Riggs was associated with Equitable Advisors…
Carey Allen James, of Arroyo Grande, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages due to the unsuitable investment recommendation of illiquid real estate securities when James was associated with Centaurus Financial Inc. FINRA…
Mark William Just, of Indianapolis, Indiana, a stockbroker registered with Triad Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Just made the unsuitable investment recommendation of real estate investment trusts or REITs…
Michael John Mashak of La Crosse, Wisconsin, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Mashak made the unsuitable investment recommendation of Real Estate Investment Trusts or REITs…
William Edward Hutchingson, of Flushing, New York, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Hutchingson made the unsuitable investment recommendation of Real Estate Invesrment Trusts…
William Vito Romeo (also known as “Doughboy Romeo”) of East Meadow, New York, the President and Chief Executive Officer of RNR Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $115,000.00 in damages based upon allegations that Romeo engaged in…
Randy Carter Cox of Hudson Oaks, Texas, a stockbroker registered with FSC Securities Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Cox made the unsuitable investment recommendation of real estate securities or REITs…
Michael Maggiore, of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Maggiore made the unsuitable investment recommendation of Real Estate Investment Trusts or REITS during…
Kevin L. Peters, of Melville, New York, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Peters made the unsuitable investment recommendations of real estate securities during the time…
David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…
James Robert Reynolds of Minneapolis, Minnesota, a stockbroker registered with Northland Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Reynolds made the unsuitable investment recommendation of non-traded Real Estate Investment Trust (“REITs”) or…
Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously registered with Cambridge Investment Research Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages. The claim is based on allegations that Blake recommended an unsuitable real estate security…
William Frederick Fox (also known as Bill Fox and Billy Fox), of Austin, Texas, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related “complaint” that was settled for $8,000.00 in damages on November 23, 2022, based upon alleged “poor performance in direct investments and real estate securities” recommended…
Randall Alan Heller (also known as Randy Heller), of Oak Lawn, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heller refused to cooperate with a FINRA investigation about the reason his stockbroker registration was terminated by Ausdal…
Juan Manuel Ramos of Downey, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Ramos recommended illiquid real estate securities with declining values and high fees when…
Richard Lance Belline, of Rogers, Arkansas, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related complaint filed on December 18, 2023, in which the customer requested $64,781.68 in damages based upon allegations that Belline overcharged advisory fees when Belline was associated with Equitable Advisors LLC. It is uncertain…
Sean Burr of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $298,000.00 in damages based upon allegations that Burr made unsuitable recommendations in speculative and illiquid real estate securities and corporate…
Yong Seok Chang, of Seattle, Washington, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded real estate investment trusts (REITs) when…
Armando G. Roman, of Scottsdale, Arizona, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Roman made the unsuitable investment recommendation of real estate investment trusts (REITs)…
Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate…
Stephen James Sperling, based in Palatine, Illinois, a stockbroker registered with Wintrust Investments LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. In this claim, the customer requested $500,000.00 in damages. The claim alleged that Sperling promised the customer a 6.5 percent return on investment and…
Tamara Ann Glenn (also known as Tamara Dawson, Tamara Gallegos, Tamara Haselby, and Tamara Langham), of East Lansing, Michigan, a stockbroker registered with Essex National Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $35,000.00 in damages based upon allegations…
James J. Mariani of Mineola, New York, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Mariani breached a contract, engaged in unsuitable trading, breached his fiduciary duties, and was…
Kurt Douglas Cambier, of Littleton, Colorado, a stockbroker registered with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $67,500.00 in damages based upon allegations that Cambier made unsuitable investment recommendations in real estate securities and direct investments (DPPs…
Lei Shen (also known as Peter Shen), of Orange, California, a stockbroker registered with NI Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Shen made unsuitable investment recommendations and overconcentrated accounts in business…
Nir Regev Kragnes of Saint Louis, Missouri, a stockbroker registered with DFPG Investments LLC, was the subject of a customer initiated investment related complaint that was settled on July 17, 2023, for $278,680.61 in damages based upon allegations that Kragnes made unsuitable recommendations in illiquid real estate securities during the time that Kragnes was associated with…
Stephen Curtis Lawler Jr. of Dunlap, Illinois, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages. The claim alleged that Lawler made omissions of material fact and unsuitable recommendations in real estate securities and direct investments during…
Austin Richard Dutton Jr., of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Dutton based upon allegations that Dutton made unsuitable investment recommendations and falsified customer documents. Department of Enforcement v….
Dana Matthew Hawkins, of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $11,250.00 in damages based upon allegations that Hawkins breached his fiduciary duty and misrepresented material facts in connection with the sale of corporate bonds,…
Tim Paul Peyton, of Gretna, Louisiana, a stockbroker registered with Crown Capital Securities L.P., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $750,000.00 in damages based upon allegations that Peyton made unsuitable recommendations in non-traded REITs while he was associated with Crown Capital Securities L.P….
John Spyro Demertzis of East Setauket, New York, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Demertzis made unsuitable recommendations in alternative investments, including real estate securities during the time that Demertzis…
Roberto Francisco Leslie (also known as Robert Leslie), of Brooklyn, New York, a stockbroker registered with Essex National Securities LLC and Infinex Investments Inc., was the subject of a customer-initiated investment related complaint filed on September 6, 2023, in which the customer requested $10,000.00 in damages based upon allegations that Leslie advised the customer that…
Gihan Anil Fernando (also known as Gihan Raphael Fernando) of Sugar Land, Texas, a stockbroker associated with BOK Financial Securities Inc., was the subject of a customer initiated investment related complaint that was settled on November 3, 2022, for $16,018.77 in damages based upon allegations that Fernando misrepresented information about a real estate security that…
Valentino Michael Scott of West Hills, California, a stockbroker associated with Centaurus Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages. According to the claim, Scott recommended a high-risk, complex, and illiquid corporate bonds or structured products during…
Michael Albert DiPietro (also known as Mike Albert DiPietro), of Pasadena, California, a stockbroker associated with Centaurus Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that DiPietro misrepresented equipment leasing and real estate…
Megurditch Patatian (also known as Mike Patatian), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Patatian made unsuitable recommendations to his customers. In the Matter of Department of Enforcement v. Patatian, Decision No. 2018057235801…
Robert Earl Stanlick, of Colorado Springs, Colorado, a stockbroker associated with Presidential Brokerage Inc. (also known as Forta Financial Group Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $34,000.00 in damages based on allegations that Stanlick engaged in breach of fiduciary…
Frank John Calise, of Scottsdale, Arizona, a stockbroker associated with Questar Capital Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that Calise engaged in misrepresentation, fraud, and breach of fiduciary duty in connection with the…
John Brendan Dobbertin of Fayetteville, New York, a stockbroker associated with American Portfolios Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $19,500.00 in damages based upon allegations that Dobbertin violated FINRA suitability rules, acted negligently, made misrepresentations and omissions…
Mark Alan Thompson of Atlanta, Georgia, a stockbroker associated with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $172,500.00 in damages based upon allegations that Thompson provided unsuitable recommendations, was negligent, and caused the customer’s account to be overconcentrated in certain…
Richard Duane Mukomela (also known as Rick Mukomela), of Minnetonka, Minnesota, a stockbroker associated with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Mukomela misrepresented a real estate investment trust (REIT)…
Brent William Makarczyk, of Kingston, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $54,500.00 in damages based upon allegations that Makarczyk made unsuitable recommendations of real estate securities, life insurance products, and variable…
Rami Sassoon (also known as Rami Sela and Ram Sassen), of New York, New York, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Sassoon made unsuitable recommendations…
Daniel Robert Murray of Brewster, New York, a stockbroker registered with Network 1 Financial Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,900.00 in damages based upon allegations that Murray made unsuitable recommendations of non-traded Real Estate Investment Trusts or…
Delio Eduardo Londono (also known as Del Londono) of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $395,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made either misrepresentations…
Shomir Mukherjee (also known as Shomir Singh), of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Mukherjee made unsuitable recommendations of corporate bonds when Mukherjee was associated…
Howard Hao-Chung Hsieh of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Hsieh was negligent, breached his fiduciary duties, overconcentrated accounts in certain investments, and made…
Jason Leonard Garofalo of Las Vegas, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Garofalo made unsuitable recommendations of Hospitality Investor’s Trust and Inventrust Real…
Roderick Rodriguez (also known as Roderick Rodriquez), of Bronx, New York, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,999.00 in damages based upon allegations that Rodriguez overconcentrated accounts in real estate securities when…
Shane Boehm of Spokane, Washington, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested $1,500,000.00 in damages based upon allegations that Boehm made unsuitable recommendations of Real Estate Investment Trusts or REITs during the time that Boehm was associated with…
Syauching Hung (also known as June Hung), of Diamond Bar, California, a stockbroker registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $100,000.00 in damages based upon allegations that Hung made unsuitable recommendations and…
Luke Michael Johnson, of Scottsdale, Arizona, a stockbroker registered with Coastal Equities Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Johnson based upon allegations that Johnson made unsuitable recommendations. Department of Enforcement v. Luke Johnson, Complaint No. 2019061213402 (July 12,…
Brandon Leon of New York, New York, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,700.00 in damages based upon allegations that Leon made unsuitable recommendations of private placements when Leon was associated with National Securities Corporation. Financial…
Brian E. Patterson of Woodbridge, New Jersey, a stockbroker registered with Equitable Advisors, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $18,750.00 in damages based upon allegations that Patterson made unsuitable recommendations of Real Estate Investment Trusts (“REITs”) during the time that Patterson was associated with Equitable…
Cynthia Mary Couyoumjian (also known as Cynthia Mary Koczkodan), of Tustin, California, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $136,900.00 in damages based upon allegations that Couyoumjian engaged in unsuitable trading in Real Estate Investment Trusts…
John Calderwood Starke Sr., of Mechanicsville, Virginia, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150.000.00 in damages based upon allegations that Starke made unsuitable recommendations of real estate securities and corporate bonds when Starke was registered with…
Robert T Li of Naperville, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Li made unsuitable recommendations of real estate securities and stocks when Li was registered with LPL Financial…
Robert Wesley Turley of New Port Richey, Florida, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,500.00 in damages based upon allegations that Turley made unsuitable recommendations of non-traded REITs when Turley was registered with Independent Financial Group…
Daniel Keith Beech of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Beech was negligent and made misrepresentations of material fact in connection with the sale of corporate bonds…
Hagop Jack Nalbandian of Encino, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $108,500.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of real estate investment trusts when Nalbandian was associated with Western International Securities…
Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…
Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry…
Howard Hao-Chung Hsieh (also known as Hao-Chung Howard Hsieh), of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hsieh made unsuitable recommendations of real estate securities when Hsieh was associated…
George Ly of Los Angeles, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $700,000.00 in damages based upon allegations that Ly made unsuitable investment recommendations of Real Estate Investment Trusts (REITs) during the period that Ly was…
Christopher Cook Leith Hartman (also known as Chris Hartman and as Kit Hartman), of Santa Barbara, California, a stockbroker registered with Kovack Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hartman made unsuitable recommendations of real estate investment…
Genevieve Garcia Mar (also known as Gen Mar), of Northbrook, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which customers were collectively awarded $467,000.00 in compensatory damages because Mar was held liable on the customer’s claims, including that…
James Patrick Shawver (also known as Jim Shawver), of Boynton Beach, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.01 in damages based upon allegations that Shawver made unsuitable recommendations of non-traded real estate investment trusts…
Michael Philip Ecker (also known as Mike Ecker), of Wellington, Florida, a stockbroker registered with Concorde Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Ecker breached his fiduciary duties to the customer, was negligent, and breached…
Shawn Elizabeth Parker of Schaumburg, Illinois, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Parker converted $25,000.00 from Ameriprise Financial Services. Letter of Acceptance, Waiver, and Consent No. 2019064551501 (April 20, 2022). Parker hosted an event for approximately…
David Cameron Monckton of Columbia, South Carolina, a stockbroker registered with Voya Financial Advisors Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $60,000.00 in damages based upon allegations that Monckton made unsuitable investment recommendations in connection with the sale of real estate securities when Monckton…
Kevin Thomas Fles of Sikeston, Missouri, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related civil action that was settled for $15,000.00 in damages based upon allegations that Fles made unsuitable investment recommendations of real estate securities during the time that Fles was associated with Cetera Advisors LLC….
Leo Li-Yuan Chien of San Gabriel, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $170,000.00 in damages based upon allegations that Chien made unsuitable investment recommendations of direct investments and real estate securities or Real Estate Investment…
Benjamin William Belanger (also known as Ben Belanger), of Glendale, Arizona, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $75,000.00 in damages based upon allegations that Belanger made unsuitable investment recommendations, failed to perform due diligence, breached his…
Anthony John Pitta of Melville, NY, a stockbroker registered with Capital Investment Group Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Pitta made unsuitable recommendations, breached his fiduciary duties, and made misrepresentations and omissions of material fact…
Mei Xia Guo (also known as Gracie Guo), of Monterey Park, CA, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $80,000.00 in damages based upon allegations that Guo made unsuitable recommendations of real estate securities when Guo was…
Jeffrey Brian Forehand (also known as Jeff Forehand) of Myrtle Beach, SC, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $14,600.00 in damages based upon allegations that Forehand made unsuitable recommendations, breached a contract, was negligent, and failed…
Eric Scott Felsenfeld of Bethesda, MD, a stockbroker registered with H. Beck Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $30,000.00 in damages based upon allegations that Felsenfeld made misrepresentations of material fact in connection with the recommendation and sale of direct investments, Real Estate…
Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…
Jeffrey John Furniss of Annapolis, MD, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Furniss made unsuitable recommendations of oil and gas investments when Furniss was associated with Lincoln Financial Advisors Corporation. Financial…
Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs during…
Robert D’Agosta of Cedar Rapids, IA, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that D’Agosta made unsuitable recommendations, made misrepresentations and omissions of material fact, and failed to perform…
Farrukh Shazad Kazmi, of Moorestown, NJ, a stockbroker registered with Berthel Fisher Company Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $130,000.00 in damages based upon allegations that Kazmi made unsuitable recommendations, made misrepresentations of material fact, and failed to perform due diligence…
Thomas Michael Rauchegger, of Maitland, FL, a stockbroker registered with Kalos Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Rauchegger made unsuitable recommendations of real estate securities during the time that Rauchegger was associated with Kalos Capital…
Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…
Victor A. Rigoni III of Lake Forest, Illinois, a stockbroker registered with Cetera Advisor Networks LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rigoni failed to make regulatory disclosures. Department of Enforcement v. Victor A. Rigoni III, Order Accepting…
Cynthia Ann Giovacchino, of Ansonia, Connecticut, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on February 11, 2022, to resolve allegations that Giovacchino made unsuitable recommendations of Real Estate Investment Trust or REIT during the time that Giovacchino was associated with LPL Financial…
Edward Chong Yoon of Pasadena, California, a stockbroker registered with First Allied Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $36,250.00 in damages based upon allegations that Yoon made unsuitable recommendations, breached a contract, breached his fiduciary duties, and was negligent in connection with the…
Jonathan David Cummings of Hurst, Texas, a stockbroker registered with InvestaCorp Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cummings made misrepresentations and omissions of material fact, was negligent, and made unsuitable recommendations of real estate securities during…
Dennis Fred Baker of Verona, Wisconsin, a stockbroker registered with Woodbury Financial Services Inc., was the subject of a customer initiated investment related complaint filed on August 18, 2021, in which the customer requested $5,000.00 in damages based upon allegations that Baker made misrepresentations of material fact in connection with the recommendation and sale of…
Frank Briseno of Metairie, Louisiana, a stockbroker registered with FSC Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled on July 21, 2020 for $3,500,000.00 in damages based upon allegations that Briseno made unsuitable recommendations concerning the sale of variable annuities and real estate securities during the course of…
Wenjinn James Chang of Rockville, Maryland, a stockbroker registered with Independent Financial Group LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Chang made unsuitable recommendations and overconcentrated the customer’s account in real estate securities…
Donnie Eugene Ingram of Winter Haven, Florida, a stockbroker formerly registered with Centaurus Financial Inc., and Centaurus Financial are the subject of a Financial Industry Regulatory Authority (FINRA) enforcement action in which the regulator is seeking sanctions against Ingram based upon allegations that Ingram made unsuitable recommendations, and that Centaurus Financial failed to reasonably supervise…
Peter David Maller of Hunt Valley, Maryland, a stockbroker registered with Lincoln Financial Advisors was is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $115,000.00 in damages based upon allegations that Maller made the unsuitable recommendation and sale of variable annuities and real estate…
Ross L. Anderson of Rancho Santa Margarita, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $85,000.00 in damages based upon allegations that Ross Anderson made unsuitable investment recommendations with regard to the sale of…
Robert Steven Weissbein (also known as Bob Weissbein), of Plantation, Florida, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Weissbein made unsuitable recommendations, breached his fiduciary duties,…
Miaojun Yuan, of City of Industry, California, a stockbroker registered with Questar Capital Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $140,000.00 in damages based upon allegations that Yuan made unsuitable recommendations and misrepresentations in connection with the recommendation and sale…
Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with…
Chad Ryan Barancyk of Chicago, Illinois, a stockbroker formerly registered with First Allied Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $260,000.00 in damages based upon allegations that Barancyk breached a contract, breached a fiduciary duty, acted negligently, and effected unsuitable transactions in…
William Colie Johnson of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $121,500.00 in damages based upon allegations that Johnson made unsuitable transactions with regard to the recommendation and sale of real estate…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., has been fined $10,000 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Martinsen’s private securities transactions during the time that he was associated with Centaurus Finacnial Inc….
Jeffrey Alan Kiesnoski of Jefferson, New York, a stockbroker registered with Concorde Investment Services LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $8,500.00 in damages based upon accusations that Kiesnoski breached a contract and breached a fiduciary duty in connection with the recommendation and sale of…
Christopher Neil Watkins of Louisville, Kentucky, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on June 2, 2022, where the customer sought compensatory damages based upon allegations that Watkins provided unsuitable investment recommendations in connection with the sale of alternative investments, including business development company…
Andrew Raymond Scheirer (also known as Andy Haas) of Lake Mary, Florida, a stockbroker formerly registered with Kovack Securities and Purshe Kaplan Sterling Investments, was referenced in a customer initiated FINRA securities arbitration claim which was settled for $17,500.00 in damages based upon on the allegations that Kovack failed to supervise and that Scheirer made…
Xiangyu Yu Zhang (also known as Sean Zhang) of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested up to $99,999.99 in damages founded on allegations that Zhang provided unsuitable investment recommendations to the customer concerning …
Kevin Charles Fretz of South Windsor, Connecticut, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon allegations that Fretz made the unsuitable recommendation of certain non-traded real estate investment trusts (“REITs”) while he was…
Gary David Ginsberg of West Orange, New Jersey, a stockbroker formerly registered with Royal Alliance Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $65,000.00 in damages based upon allegations that Ginsberg made unsuitable alternative investment recommendations while associated with Royal Alliance. Financial Industry Regulatory…
Brian F. Donnelly of Iselin, New Jersey, a stockbroker formerly registered with First Allied Securities Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Donnelly engaged in private securities transactions when he was associated with First Allied Securities. Letter of…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford, Connecticut, a stockbroker registered with Investors Capital Corp and Woodbury Financial Services Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $35,000.00 in damages based upon allegations of unsuitable investment recommendations by Ginsberg concerning real estate securities,…
Mark Charles Cohen of New York, New York, a stockbroker formerly registered with BCG Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $55,000.00 in damages based upon accusations of BCG Securities’ failure to supervise trading in the customer’s account, resulting in unsuitable real estate…
Brian Radoo of North Woodmere, New York, a stockbroker formerly registered with Next Financial Group Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $76,000.00 in damages based upon accusations that the customer was provided bad advice by Radoo regarding purchases of non-traded real estate investment…
William Franklin Richardson (also known as Frank Richardson) of Houston, Texas, a stockbroker formerly registered with Investacorp Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $90,000.00 in damages based upon accusations of unsuitable Business Development Company and Real Estate Investment Trust purchases by Richardson while he…
Charles Chester Kulch of Nashua, New Hampshire, a stockbroker formerly registered with Next Financial Group Inc., has been barred by Massachusetts Securities Division from being a stockbroker supported by allegations of Kulch making unsuitable recommendations to customers on variable annuities and non-traded real estate investment trusts. In the Matter of Charles C. Kulch Docket No….
Steven Andrew Greer of Charlotte, North Carolina, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related civil lawsuit where the customer requested $25,000.00 in damages based upon allegations of unsuitable recommendations by Greer concerning direct participation programs, business development corporations, real estate securities, and fixed annuities during…
Adam Gerard Belardino of Elmsford, New York, a stockbroker formerly registered with MML Investors Services LLC, is identified in a customer initiated investment related written complaint which was resolved for $13,431.00 on December 21, 2021, founded on accusations that unsuitable real estate investment trusts were sold to the customer by Belardino during the time that…
Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded…
Christopher John Passero of Hurricane, West Virginia, a stockbroker currently registered with Money Concepts Capital Corp, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Passero shared in customers’ losses when he was registered with Money Concepts Capital…
Christopher Grant Conness of Fort Lauderdale, Florida, a stockbroker formerly registered with GF Investment Services LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that the customer was provided with unsuitable recommendations of real estate securities and alternative investments, including direct…
John Edward Massa of Staten Island, New York, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages based upon accusations of Massa’s unsuitable recommendations of real estate investment trusts (REITs) when he was associated with Cetera Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Mark Allen Barrand of Denver, Colorado, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on accusations of Barrand’s unsuitable investment advice as it pertained to real estate securities when Barrand was registered with…
Shawn Bruce Davis of Auburn, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages supported by accusations that REIT and interval fund transactions effected in the customer’s account by Davis were unsuitable for the customer during…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $15,801.50 in damages based upon allegations that the customer’s account had been overconcentrated by Martinsen in real estate securities in illiquid investments while…
Randy Lee Birkinbine, of North Oaks, Minnesota, a stockbroker formerly registered with Ausdal Financial Partners Inc., is referenced in a customer initiated investment related securities arbitration claim where the customer requested $100,000.00 in damages founded on accusations of breach of fiduciary duty concerning Birkinbine’s private placements when he was employed by Ausdal Financial Partners. Financial…
James Andrew Geake (also known as Jim Geake) of Skokie, Illinois, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA arbitration claim which was settled for $450,000.00 in damages supported by accusations of unsuitable recommendations by Geake regarding alternative investments, including Hospitality Investors Trust, during the time…
William Michael Robertson of Deer Park, Texas, a stockbroker formerly registered with First Allied Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages based upon allegations of negligence and breach of contract in regard to real estate security transactions executed by Robertson during…
Kirby Spencer McDonald, of Omaha, Nebraska, a stockbroker formerly registered with Cetera Advisors LLC, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages founded on accusations of unsuitable recommendations by McDonald regarding real estate security transactions when McDonald was associated with Cetera Advisors. FINRA…
James J. Mariani, of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $291,100.00 in damages founded on accusations that Mariani provided unsuitable investment recommendations to the customer to purchase non traded real estate securites while…
Jorge Luis Alfonso, of Miami, Florida, a stockbroker formerly registered with Infinex Investments Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages founded on accusations of breach of fiduciary duty as it pertained to Northstar Financial Services Bermuda products when Alfonso…
David Joseph Campanella, of Cleveland, Ohio, a stockbroker formerly registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Campanella falsified information in a FINRA investigation concerning accusations of his involvement in undisclosed financial accounts while registered with US…
William Charles Burks (also known as Bill Burks II), of Flower Mound, Texas, a stockbroker currently registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages founded on accusations of breach of fiduciary duty by Burks regarding a real estate…
Shaun Evan Stein, of Jersey City, New Jersey, a stockbroker currently registered with National Securities Corp, is identified in a customer initiated investment related FINRA securities arbitration claim that was resolved for $20,000.00 in damages based upon allegations of unsuitable recommendations by Stein in regard to a private placement, real estate security, and over-the-counter equity…
Kurt Anthony Stein of New York, New York, a stockbroker formerly registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations of unsuitable investment recommendations concerning non-traded Real Estate Investment Trusts or REITs while Stein was employed by National…
Jonathan David Cummings, of Hurst, Texas, a stockbroker formerly registered with Securities America Inc. and Investacorp Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $35,000.00 in damages based upon accusations of negligence as it pertained to alternative investments, including a real estate security transaction effected…
Matthew Gates, of New York, New York, a stockbroker formerly registered with Joseph Gunnar Co. LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations of unsuitable purechases of real estate security products by Gates while he was employed by Joseph…
Rebecca King Wah Ng-Tsang, of Bellevue, Washington, a stockbroker formerly registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related written complaint on November 21, 2021, in which the customer requested compensatory damages founded on allegations that Ng-Tsang made misrepresentations to them regarding real estate security products while she was…
Michael Carleton Boothe (also known as Carleton M. Boothe), a stockbroker formerly registered with International Assets Advisory LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations of Boothe’s breach of contract and negligence relating to direct investments, including limited…
Gilberto Briseno (also known as Gilbert Briseno), of Boutte, Louisiana, a stockbroker formerly registered with LPL Financial LLC, is identified in a customer initiated investment related written complaint on June 4, 2021, in which the customer requested $13,000.00 in damages based upon accusations of losses caused by unsuitable trading of closed-end funds and real estate…
Kirk Badii, of Los Angeles, California, a stockbroker formerly registered with UBS Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages supported by accusations of mismanagement and unsuitable recommendations concerning alternative investments while Badii was associated with UBS Financial Services. Financial…
Theodore Hendrickus Franse (also known as Ted Franse), of Fair Oaks, California, a stockbroker formerly registered with Independent Financial Group, is identified in a customer initiated investment related, FINRA Securities Arbitration claim in which the customer sought $9,500.00 in damages based upon accusations that they were sold unsuitable REITs by Franse when he was registered…
Michael Scott Androulakis (also known as Mike Andrews), of New York, New York, a stockbroker currently registered with Alexander Capital LP, is identified in a customer initiated investment related, FINRA Securities Arbitration claim which was settled for $8,000.00 in damages supported by accusations of Androulakis’ breach of contract and negligence concerning a non-traded real estate…
Daniel George McPherson (also known as Dan McPherson), of Idaho Falls, Idaho, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim which was resolved for $57,500.00 in damages supported by accusations of McPherson making unsuitable recommendations to the customer regarding private placements, real…
Shimshon Plotkin (also known as Shim Plotkin), of Chevy Chase, Maryland, a stockbroker currently registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA Securities Arbitration claim in which the customer requested compensatory damages supported by allegations that they were sold unsuitable investments including real estate investment trusts (non-traded…
Marc Frederick Korsch, of Sarasota, Florida, a stockbroker formerly registered with Centaurus Financial Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA’s request for information about his activities. Case No. 2020066487801 (December 27, 2021). FINRA Public Disclosure…
Johnny Guan, of Red Bank, New Jersey, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $125,820.12 in damages supported by accusations that between December of 2012 and November of 2020, Guan provided unsuitable investment recommendations to the customer…
James Marten Lamont, of San Francisco, California, a stockbroker formerly registered with Whitehall Parker Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.01 in damages supported by accusations that Lamont provided unsuitable recommendations to them as it pertained to real estate security products…
Heath Geoffrey Grossman, of Weathersfield, Connecticut, a stockbroker formerly registered with Silver Oaks Securities and investment adviser representative registered with JB Capital LLC, is referenced in a customer initiated investment related AAA arbitration claim where the customer requested $30,000.00 supported by allegations of Grossman’s failure to consider tax consequences in a customer’s investment plan which…
Austin Richard Dutton Jr. (also known as Austin Richard Duttin), of Doylestown, Pennsylvania, a stockbroker formerly registered with Newbridge Securities Corporation, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,001.00 in damages based upon allegations that Dutton breached a fiduciary duty and breached a contract relating…
Christopher Thomas Hildebrandt, of Cape May Court House, New Jersey, a stockbroker formerly registered with Principal Securities Inc., is referenced in a customer initiated investment related written complaint on April 5, 2021, where the customer sought compensatory damages founded on allegations of Hildebrandt’s unsuitable recommendations of real estate investment trusts during the time that he was…
Richard Anthony Rodriguez, of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that omissions and misrepresentations about alternative investments had been made by Rodriguez while he was…
William Colie Johnson, of Greenville, South Carolina, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of the customer being sold unsuitable alternative investments because of Johnson during the time that he was associated with Voya…
John R. Mateyko, of Rolling Meadows, Illinois, a stockbroker formerly registered with World Equity Group, Inc., is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Mateyko made misrepresentations regarding business development programs and real estate investment trusts between 2014 and 2018…
David Lawrence Poulnot, of Daniel Island, South Carolina, a stockbroker currently registered with Lincoln Financial Securities Corporation, is referenced in a customer initiated investment related written complaint on March 2, 2020, where the customer sought compensatory damages founded on accusations of Poulnot failing to disclose the illiquidity of a real estate investment trust purchased by…
Danny Jerome Young (also known as Danny Young), of Adel, Georgia, a stockbroker formerly registered with Voya Financial Advisors Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which customers requested $800,000.00 in damages based upon accusations that Young sold unsuitable real estate securities while he was registered with Voya…
Philip Anthony Simone, of Costa Mesa, California, a stockbroker formerly registered with Centaurus Financial Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,001.00 in damages based upon accusations of their account being overconcentrated in complex, risky, and high-commission real estate securities while Simone was registered with…
Eric Peter Weschke, of Setauket, New York, a stockbroker currently registered with Kalos Capital Inc., is identified in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $138,000.00 in damages founded on accusations of negligence and unsuitable alternative investment transactions by Weschke during the time that he was associated with…
Joseph Patrick Roop (also known as Joepat Roop), of Belmont, North Carolina, a stockbroker formerly registered with Kalos Capital Inc., is the subject of a customer initiated investment related written complaint on August 5, 2021, where the customer sought compensatory damages supported by allegations of unsuitable investment recommendations of real estate security products by Roop…
Donna Jean Hines (also known as Donna Jean Atchison) of Clarksburg, West Virginia, a stockbroker formerly employed by Cetera Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that Hines failed to cooperate with an investigation into accusations of her outside activities, including…
Cataldo Panici (also known as Carlo Panici), of Frankfort, Illinois, a stockbroker currently registered with Wintrust Investments LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Panici failed to meet his fiduciary duty in reference to non-traded real estate…
Xiangyu Yu Zhang of Arcadia, California, a stockbroker formerly registered with Cetera Investment Services LLC, is referenced in a customer initiated investment related complaint on August 6, 2021, where the customer sought compensatory damages founded upon allegations that Zhang provided unsuitable recommendations to the customer regarding real estate security investments while he was employed by…
Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that…
JeanPierre Ayala (also known as JP Ayala) of Boca Raton Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon accusations that Ayala sold unsuitable investments, including private placements, stocks, and over-the-counter equities…
Steven Paul Colacurcio (also known as Steve Colacurcio) of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $35,000.00 in damages supported by allegations that they were not made aware by Colacurcio of the fees…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $150,000.00 in damages supported by accusations of unsuitable direct participation program interests and limited partnership interests for their account during the time that…
Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate…
David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing,…
Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer…
Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements…
Brian Michael Jackson of Tarrytown New York a stockbroker formerly registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $101,000.00 in damages supported by accusations of them being sold an unsuitable real estate security and mutual fund by Jackson during…
Michael J. Haffling of Chicago Illinois a stockbroker currently registered with Kalos Capital Inc. and Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested more than $100,000.00 in damages founded on allegations of negligence and breach of fiduciary duty concerning real estate security transactions by Haffling…
Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct…
Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as…
Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at…
Michael John Osland of Scottsdale Arizona a stockbroker currently registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related written complaint which was settled for $25,000.00 on August 9, 2021 based on allegations that Osland made misrepresentations to the customer in regard to a mutual fund that he sold in…
Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on February 12, 2021 where the customer requested $254,336.56 in damages founded on accusations of Parker misrepresenting benefits and features on a living benefit rider on their RiverSource RAVA 5…
Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was…
William Robert Young (also known as Bill Young) of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $123,000.00 in damages based on accusations that Young caused them to invest in unsuitable securities including real estate investment…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $422,000.00 in damages supported by allegations of Fasciglione’s unsuitable transactions relating to a private placement when Fasciglione was associated with National Securities Corp. Financial Industry…
Wilfredo Felix Jr. of New York New York the Chief Executive Officer and Chief Financial Officer at Primex Prime Electronic Execution Inc. (Primex) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA while investigated regarding the securities broker…
William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services is the subject of a customer initiated investment related written complaint on December 31, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that the customer was sold an…
Steven Roland Knuttila of Perham Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages founded on allegations that a contract between the customer and Capital Financial Services had been breached and that…
Craig Alan Sutherland of Columbus Ohio a stockbroker formerly registered with Money Concepts Capital Corp was fined by Ohio Department of Insurance supported by findings that Sutherland failed to report that another regulator took disciplinary action against him. Case No. 30849 (Nov. 10, 2020). Sutherland has been sanctioned twice before. On July 17, 2017, he…
Mark Angelo Senofonte of Edison New Jersey a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related written complaint on February 13, 2021 where the customer sought more than $5,000.00 in damages founded on accusations that the customer was sold an unsuitable real estate investment trust given the…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to…
Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages supported by accusations of negligence regarding the sale of interests in a private placement and the sale of a real estate security…
Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by a FINRA Office of Hearing Officers Default Decision containing findings that Guirand did not cooperate with FINRA in an investigation relating to…
Richard Paul Martin of Goshen New York a stockbroker currently registered with Ameriprise Financial Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $330,430.00 in damages based on accusations of the customer being sold unsuitable investments including non-traded real estate investment trusts, annuities and insurance products…
Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with FSR Advisory Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested more than $5,000.00 in damages supported by accusations that Kaup provided unsuitable recommendations to the customer regarding private placements and real estate securities transactions…
Mark Huber of Racine Wisconsin a stockbroker and investment adviser representative of Concorde Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $32,000.00 in damages supported by accusations that Huber breached a fiduciary duty in reference to a real estate investment trust (REIT) that…
Michael James Henschel of Stevens Point Wisconsin a stockbroker and investment adviser representative of LPL Financial LLC has been referenced in a customer initiated investment related written complaint on March 27, 2020 where the customer sought $13,900.00 in damages based upon allegations that they were sold a real estate investment trust (REIT) that was misrepresented…
Christopher John Shaw (also known as Chris Shaw) of Belmont North Carolina a stockbroker of Kalos Capital and investment adviser representative of Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $175,000.00 in damages founded on allegations that Shaw breached a fiduciary duty to the…
Luke Michael Johnson of Scottsdale Arizona a stockbroker formerly registered with Coastal Equities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $76,500.00 in damages founded on allegations that Johnson provided unsuitable recommendations concerning real estate security transactions at Coastal Equities. Financial Industry Regulatory Authority (FINRA) Arbitration…
Rebecca King Wah Ng-Tsang of Bellevue Washington a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on December 9, 2020 in which the customer sought more than $5,000.00 in damages supported by allegations of misrepresentations by the stockbroker as it pertained to the liquidity…
Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker registered with Centaurus Financial Inc. and JP Turner Company LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $125,000.00 in damages based upon allegations of unsuitable recommendations of a corporate bond and a certificate of…
Thomas Edison Kelly Jr. of New York New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought more than $5,000.00 in damages based upon accusations that they were sold unsuitable private placements by Kelly while he was associated…
Joseph Sylvester Sturniolo of Denver Colorado a stockbroker formerly registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon accusations that Sturniolo provided unsuitable recommendations to the customer as it pertained to a real estate security,…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford Connecticut a stockbroker currently registered with Woodbury Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of the stockbroker’s unsuitable recommendations during the time that he was associated…
Farrukh Shazad Kazmi of Moorestown New Jersey a stockbroker currently registered with Berthel Fisher Company Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,000.00 in damages founded on allegations of failed due diligence relating to the customer’s investment in a business development company and real…
Angelo Talebi of Sherman Oaks California a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer had been placed into unsuitable alternative investments because of Talebi at Royal Alliance Associates….
John Edgar Simmons Jr. of Gulf Breeze Florida a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simmons failed to cooperate with FINRA’s investigation which focused on whether he engaged in unapproved private securities transactions. Letter…
Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $30,774.00 in damages founded on accusations that Kopman had the customer invest in high-risk and illiquid investments. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML Investors Services has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with an investigation in which he was being examined for possible excessive trading in customer accounts. Department of Enforcement v. Adam Gerald Belardino Disciplinary Proceeding No. 2019062347102…
Mercer Hicks III (also known as Toby Hicks III) of Charlotte North Carolina a stockbroker formerly registered with Capital Investment Group and Southeast Investments NC Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Extended Hearing Panel Decision containing findings that Hicks made…
Bryon Edwin Martinsen of Kings Park New York a stockbroker currently registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages founded on accusations that between November of 2007 and October of 2020, the customer’s account had been invested…
Marc Frederick Korsch of Sarasota Florida a stockbroker formerly registered with Centaurus Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded on accusations that they had been invested in unsuitable investments including real estate securities and direct investments because of Korsch and…
Independent Financial Group LLC a securities broker dealer headquartered in San Diego California has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that it failed to supervise a stockbroker who made unsuitable recommendations to customers. Letter of Acceptance Waiver and Consent No. 2018059223401 (Apr. 8, 2021). According to the…
Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with Kovack Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages supported by allegations that the customer was placed into unsuitable real estate investment trusts by…
Charles Chester Kulch of Nashua New Hampshire a stockbroker formerly registered with NEXT Financial Group Inc. has been charged by Massachusetts Securities Division with violating Massachusetts laws founded on accusations that he sold risky, illiquid and unsuitable non-traded REITs to customers and had overconcentrated their accounts in those products. In the Matter of Charles C….
Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with its investigation into accusations of his solicitation of real estate investment trusts while he was associated with Woodstock Financial Group. Department of Enforcement v. Hugues Guirand Disciplinary…
Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that…
John Stephen Pronovost of Watertown Connecticut a stockbroker formerly registered with Cambridge Investment Research is referenced in a customer initiated investment related written complaint on October 16, 2020 in which the customer requested $88,800.00 in damages supported by allegations that the customer was placed into unsuitable real estate securities and mutual funds while Pronovost was…
Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages supported by allegations that their assets had been concentrated in non-traded real estate investment trusts by Davis during the time that he was…
John F. Riccardi Jr of New York New York a stockbroker formerly registered with Windsor Street Capital LP is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $250,000.00 in damages based on Riccardi and Windsor Street Capital being found liable on the customer’s causes of action…
Cabot Lodge Securities LLC a securities broker dealer headquartered in New York has been censured and fined $270,000.00 by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement which contains findings of Cabot Lodge failing to supervise REIT offerings and providing unsuitable recommendations to customers. Department of Enforcement v. Cabot Lodge…
Daniel Ernest Davis (also known as Danny Davis) of Louisville Kentucky a stockbroker currently registered with Ausdal Financial Partners Inc. is the subject of a customer initiated investment related written complaint on February 21, 2020 in which the customer requested $92,707.00 in damages founded on accusations of Davis making unsuitable investment recommendations to the customer concerning…
Gerald James O’Halloran of Punta Gorda Florida a stockbroker formerly registered with Kovack Securities Inc. is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 in damages on May 29, 2020 based upon allegations that the customer had been placed into unsuitable real estate securities and stocks by O’Halloran…
James Andrew Geake (also known as Jim Geake) of Skokie Illinois a stockbroker currently registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related written complaint on November 5, 2020 in which the customer requested compensatory damages founded on accusations that unsuitable investment recommendations had been made by Geake causing…
Megurditch Mike Patatian (also known as Mike Patatian) a stockbroker formerly registered with Westlake International Securities Inc. has been charged by Financial Industry Regulatory Authority (FINRA) with making unsuitable recommendations of real estate investment trusts to customers of Western International Securities. Department of Enforcement v. Megurditch Patatian Disciplinary Proceeding No. 2018057235801 (Feb. 26, 2021). According…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations of the breach of both a contract and fiduciary duty by the stockbroker in reference to real…
Gerald Lee Repasz (also known as Jerry Repasz) of East Peoria Illinois a stockbroker formerly registered with Ausdal Financial Partners is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages supported by accusations that they had been placed into unsuitable investments including real estate securities…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is referenced in a customer initiated investment related complaint on October 21, 2020 in which the customer requested $50,000.00 in damages based upon allegations that unsuitable real estate investment trusts had been sold to them during the time that…
Joseph Patrick Roop (also known as Joe Pat Roop) of Belmont North Carolina a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 in damages based upon accusations that the customer received unsuitable investment recommendations from Roop concerning real estate…
Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on accusations of unsuitable real estate investment trust recommendations by Fretz during the time that he was associated with…
Kevin Douglas Houser of Allentown Pennsylvania a stockbroker and investment adviser representative of LPL Financial is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $358,000.00 in damages supported by accusations that the customer had been provided unsuitable investment recommendations regarding business development companies and real estate…
Michael August Pellegrino of Oakbrook Terrace Illinois a stockbroker formerly registered with Taylor Capital Management Inc. (TCM) has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided misleading information to investors concerning short-term high-yield contracts. Letter of…
William Franklin Richardson Jr. (also known as Frank Richardson Jr.) of Houston Texas a former stockbroker and investment adviser representative of Investacorp has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages founded on accusations that they had been sold unsuitable business development company products and…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA during the period that he was investigated for borrowing from Newbridge customers. Letter of Acceptance…
Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning…
William Robert Young (also known as Bill Young) of Rockville Maryland a stockbroker and investment adviser representative of Kingswood Capital Partners LLC is the subject of a customer initiated investment related complaint on October 1, 2020 in which the customer sought more than $5,000.00 in damages supported by accusations that the customer had been sold…
Richard Mark Braverman (also known as Rich Braverman) of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $90,000.00 in damages founded on allegations that it was not suitable for the customer to be sold direct investments…
Scott Michael Barber of Dubois Pennsylvania a former stockbroker and investment adviser representative of Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on October 30, 2020 in which the customer requested $130,000.00 in damages supported by allegations that real estate security transactions executed in the customer’s Cetera Advisor…
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…
Christopher Paul Puffer of Louisville Kentucky a stockbroker formerly registered with Money Concepts Capital Corp and Money Concepts Advisory Services is the subject of a customer initiated investment related arbitration claim that was settled for $14,500.00 in damages based upon allegations of negligence and a breach of contract governing the customer’s alternative investment purchases including…
Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested up to $500,000.00 in damages based upon allegations of bad investment advice concerning non-traded real estate investment trusts…
Ronald Reed McCook of Scottsdale Arizona a stockbroker currently registered with First Allied Securities Inc. and an investment adviser representative of Cetera investment Advisers LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by allegations that the customer had been placed in real estate…
John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,175,000.00 in damages founded on allegations that the customer had been placed into bad variable annuity, real estate investment trust and business development company products by…
Keith Landon Kelt (also known as Landon Keith Kelt) of Santa Barbara California a stockbroker employed by Kovack Securities Inc. and TKG Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020 founded on allegations that the customer’s account had been improperly managed at…
Scot Samuel Fairchild (also known as Scott Samuel Fairchild) of Henderson Nevada and San Diego California a stockbroker formerly registered with Lucia Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $214,335.00 in damages supported by allegations that Nevada securities laws had been violated in reference to Fairchild’s…
Cynthia Diane Cowden (also known as Cynthia Case) of Lake Isabella California a stockbroker formerly registered with NPB Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Cowden made unsuitable investment recommendations to investors and failed to be forthcoming with FINRA…
David Arthur Hicks of Fort Pierce Florida a stockbroker formerly registered with H Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $475,000.00 in damages supported by accusations that unsuitable real estate investment trust products and variable annuity products had been sold to the customer during the…
Gary Arthur Forrest of Flint Michigan a stockbroker formerly registered with American Portfolios Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations of negligence and the breach of fiduciary duty by the stockbroker with respect to his sales of real estate securities…
Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly employed by Ameriprise Financial Services LLC has been terminated by the securities broker dealer on June 8, 2020 supported by allegations of her violation of company policy. Parker has been identified in five customer initiated investment related disputes containing allegations of her misconduct while she was…
Willard Louis Pugh of Boca Raton Florida a stockbroker formerly employed by Dawson James Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $155,000.00 in damages based upon accusations that the customer was provided with bad investment advice from Pugh as it concerned the customer’s investments in United…
Michael John Osland of Scottsdale Arizona a stockbroker and investment adviser representative currently employed by Geneos Wealth Management Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested more than $5,000.00 in compensatory damages founded on accusations that a contract between the customer and the securities broker dealer…
Victor A. Rigoni III of Lake Forest Illinois a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related arbitration claim that was settled for $25,000.00 in damages founded on accusations of breach of fiduciary duty and negligence relating to Rigoni’s real estate investment trust transactions. FINRA Arbitration No….
Christopher R. Bice (also known as Cubby Rice) a stockbroker currently registered with Sagepoint Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that the customer had been placed into unsuitable private placements by Bice during the time that he was…
Shawn Bruce Davis of Auburn California a stockbroker formerly associated with Independent Financial Group LLC and Berthel Fisher Company Financial Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $206,000.00 in damages supported by allegations that the customer had been unsuitably concentrated in illiquid investments including real…
Susan Lavon Welo of Mayville North Dakota a stockbroker formerly employed by Cetera Advisor Networks LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of unsuitable private placements being sold to the customer while Welo was employed by Securities America Inc. and…
James Marten Lamont of San Francisco California a stockbroker formerly associated with Whitehall Parker Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages supported by allegations that the customer had been placed into bad investments including real estate securities and direct investment products…
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 $150,000.00 in damages based upon allegations that the customer had been placed into bad alternative investments and that misrepresentations had been made to the customer…
Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages based upon allegations that securities laws of the State of Illinois were violated in regard to Shafer’s securities transactions and that the…
Thomas David Sharp (also known as Tom Sharp) of Gold River Colorado a stockbroker currently registered with Ameriprise Financial Services LLC is the subject of a customer initiated investment related civil action in the Sacramento County California Superior Court where the customer sought unspecified damages based upon accusations of negligence and breach of a fiduciary…
Gary Lyle Pevey of Sacramento California a stockbroker formerly associated with Mutual Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by allegations that the customer had been defrauded by making a real estate security purchase in September of 2016 during the…
Yvonne Lara Silguero of McAllen Texas a stockbroker currently associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Silguero as it pertained to…
Frank Briseno III of Metairie Louisiana a stockbroker and investment adviser representative currently registered with FSC Securities Corporation is the subject of a customer initiated investment related written complaint on May 6, 2020 in which the customer requested more than $100,000.00 in damages based upon allegations that the customer was provided bad investment advice from…
Joseph Patrick Roop (also known as Joepat Roop) of Belmont North Carolina a stockbroker formerly employed by Kalos Capital Inc. has been identified in a customer initiated investment related written complaint which was resolved for $17,500.00 in damages on January 29, 2020 founded on accusations that the customer was placed into unsuitable real estate securities…
Edward Robert Taliaferro (also known as Robby Taliaferro and as Rob Taliaferro) of Chattanooga Tennessee a stockbroker formerly associated with JJB Hilliard WL Lyons has been referenced in a customer initiated investment related arbitration claim in which the customer requested $60,000.00 in damages supported by allegations that the customer had been defrauded on stock and…
Jacqueline Lynn Hanson (also known as Jacqui Hanson Shea and as Jacqueline Hanson Moore) of Washington D.C. a stockbroker formerly registered with Cuso Financial Services LP is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations that the Cuso Financial Services customer had been placed into a real…
Donald Stephen Woods (also known as Don Stephan Woods) of Louisville Kentucky a stockbroker formerly registered with LPL Financial 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 findings that Woods provided unsuitable investment recommendations to customers and had submitted…
William Michael Robertson of Denver Colorado a stockbroker registered with First Allied Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $8,000.00 in damages based upon accusations of (1) negligence (2) breach of a fiduciary duty (3) unsuitable real state security transactions and (4) First Allied Securities’ failure…
Rafael Golan (also known as Rafi Golan) of Delray Beach Florida a stockbroker registered with Crystal Bay Securities Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that the stockbroker failed to respond to FINRA’s request for his information. Case No. 2019060635701…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on February 10, 2020 in which the customer requested $172,000.00 in damages based upon allegations that the customer was provided with bad investment advice about two real estate investment…
James Travis Flynn (also known as Jim Flynn) of Greenville South Carolina a stockbroker formerly associated with Voya Financial Advisors Inc. and IFS Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that misrepresentations and omissions had been made to the…
Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corp is the subject of a customer initiated investment related written complaint on January 15, 2020 in which the customer requested $123,000.00 in damages based upon allegations that the customer had been placed into a unsuitable real estate investments by Fasciglione during…
Peter David Maller of Hunt Valley Maryland a stockbroker registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that the customer fell victim to deceptive and unsuitable practices by Maller as the customer’s life savings had been placed…
James Andrew Geake (also known as Jim Geake) of Skokie Illinois a stockbroker employed by Madison Avenue Securities LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $17,500.00 in damages founded on accusations that (1) misrepresentations were made to the Madison Avenue Securities customer concerning real estate securities…
Jonathan Eric Ellefson (also known as Jon Ellefson) of Harker Heights Texas a stockbroker registered with Intervest International Equities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages based upon accusations that the customer was sold inappropriate real estate security, mutual fund and equipment leasing…
Jordan John Boyle of Saratoga Springs Utah a stockbroker currently registered with LPL Financial 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 the customer had been poorly advised as it pertained to real estate securities sold by Boyle between 2014…
Noel Ray Vincent of Southfield Michigan a stockbroker registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim which was settled for $125,000.00 in damages based upon allegations of bad investment advice and misrepresentations being made to the customer in reference to mutual funds and equipment leasing securities…
Marc Frederick Korsch of Sarasota Florida a stockbroker registered with Centaurus Financial Inc. is the subject of a customer initiated investment related complaint on June 5, 2019 where the customer sought $53,000.00 in damages based upon accusations that misleading or false information had been provided to the customer between 2014 and 2019 in regard to…
Wesley Justin Foltz of Alexandria Louisiana a stockbroker formerly associated with Prospera Financial Services Inc. and LPL Financial LLC has been referenced in a customer initiated investment related complaint on February 15, 2019 in which the customer requested $50,000.00 in damages supported by allegations that direct investments including a real estate investment trust sold by…
Michael Alejandro Castillero of New York New York a stockbroker formerly associated with Alexander Capital LP has been referenced in a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages supported by allegations that (1) fiduciary obligations were not complied with (2) the elderly customer had been exploited or otherwise…
Ronald Dean Clark of Tampa Florida a stockbroker formerly registered with ProEquities Inc. and Summit Brokerage Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $99,990.00 in damages founded on allegations that (1) misrepresentations had been made by the stockbroker in regard to real estate securities (2) the…
John William Carroll of Maumee Ohio a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that (1) misrepresentations had been made to the customer regarding the terms and conditions…
Mercer Hicks III (also known as Toby Hicks) of Pinehurst North Carolina a stockbroker formerly registered with Capital Investment Group Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that his advice to customers regarding non-traded business development companies and non-traded real estate investment trust products was…
Steven Joseph Case (also known as Steve Case) of National Planning Corporation a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related written complaint on May 24, 2019 in which the customer sought damages estimated to exceed $5,000.00 supported by accusations that the National Planning Corporation customer had…
Christopher R. Bice (also known as Cubby Bice) of Greensboro North Carolina a stockbroker currently registered with SagePoint Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations that (1) false or misleading statements had been made by the stockbroker (2) the…
Graham Charles Green of San Francisco California a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 18, 2018 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that investment recommendations failed to be suitable and the customer sustained losses on…
Walter Warren Parker of Rowlett Texas a stockbroker formerly registered with Titan Securities is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 in damages on September 20, 2019 supported by accusations that the customer had been inappropriately sold real estate security products and at least four of the customer’s…
Joseph Harold Sterling of Apple Valley Minnesota a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $177,000.00 in damages founded on allegations that stock trades recommended by Sterling failed to be suitable given the customer’s investor profile and (2) the…
Christopher Charles Hellman of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch Pierce is referenced in a customer initiated investment related written complaint which was settled for $187,672.90 on June 12, 2019 based upon accusations that between July 3, 2018 and September 19, 2018, misrepresentations had been made by the stockbroker concerning the…
John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly employed by H. Beck Inc. is referenced in a customer initiated investment related complaint on July 16, 2019 where the customer requested $3,250,000.00 in damages supported by allegations that between December 3, 2013 and May 24, 2019: false or misleading statements had been made by Tweardy…
Joseph Patrick Roop (also known as Joepat Roop) of Belmont North Carolina a stockbroker formerly employed by Kalos Capital Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $450,000.00 in damages supported by accusations that between November of 2012 and May of 2017, the customer had been placed into…
David Arthur Hicks of Baltimore Maryland a stockbroker currently registered with Triad Advisors LLC is the subject of a customer initiated investment related complaint in which the customer sought $13,000.00 in damages based upon accusations that misrepresentations had been made by Hicks concerning real estate investment trust products he sold to the customer when associated…
Carl John Grilli of Monrovia California a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related civil action brought in the Superior Court of California in which the customer sought $89,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) information about investments had…
Dustin Paul Shafer of Boca Raton Florida a stockbroker formerly registered with Money Concepts Capital Corp. is referenced in a customer initiated investment related written complaint on September 30, 2019 where the customer requested $90,000.00 in damages founded on accusations that (1) the customer was placed into an unsuitable real estate investment trust product by…
Robert Steven Weissbein (also known as Bob Weissbein) of Davie Florida a stockbroker currently registered with First Allied Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages founded on allegations that (1) the customer’s account was administered negligently during the period in which Weissbein…
Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford Connecticut a stockbroker currently registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into unsuitable business development companies (BDC)…
Chad Daniel Hornaday of Carlsbad California a stockbroker formerly registered with AXA Advisors LLC is referenced in a customer initiated investment related written complaint on May 7, 2019 in which the customer requested unspecified damages founded on allegations that the customer was placed into a real estate investment trust product that failed to be suitable….
Sharon Lee Hyer of Omaha Nebraska a stockbroker currently registered with Raymond James Financial Services Inc. is the subject of a customer initiated investment related complaint on July 17, 2019 in which the customer sought $13,100.00 in damages based upon accusations that false or misleading statements had been made to the customer in regard to…
Christopher Neil Watkins of Louisville Kentucky a stockbroker registered with LPL Financial LLC has been discharged by the securities broker dealer on November 30, 2018 founded on accusations that Watkins provided compensation to an unauthorized, unregistered person who may have facilitated a securities transaction with an LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Public…
Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly employed by VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $42,500.00 in damages based upon accusations that (1) unfounded statements and omissions had been made to the customer concerning real estate securities and direct investments (2)…
Gregory Scott Kinkead of Las Vegas Nevada a stockbroker currently registered with Centaurus Financial Inc. is referenced in a customer initiated investment related complaint on August 12, 2019 where the customer requested damages estimated to exceed $5,000.00 based upon accusations that between November of 2018 and August of 2019, the customer was provided bad investment…
Miaojun Yuan of City of Industry California a stockbroker formerly employed by Questar Capital Corporation is the subject of a customer initiated investment related complaint on July 15, 2019 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that from 2014 to 2016, the customer had been placed into real estate securities…
Jeffrey Paul Davis of Bristol Connecticut a stockbroker currently registered with Kovack Securities Inc. is the subject of a customer initiated investment related written complaint on June 10, 2019 in which the customer requested more than $5,000.00 in damages based upon accusations that (1) the customer was placed into inappropriate investments including mutual funds and…
Tamara Ann Dawson (also known as Tamara Gallegos and as Tamara Haselby) of Boynton Beach Florida a stockbroker formerly registered with Infinex Investments Inc. is the subject of a customer initiated investment related arbitration claim which was settled to resolve allegations that she made unsuitable real estate investment trust recommendations to her customers during the…
Satya Brata Shaw (also known as Satyabrata Shaw) of Wesley Chapel Florida a stockbroker formerly registered with Center Street Securities has been issued an Order by Florida Office of Financial Regulation in which he was fined and required to cease and desist from engaging in conduct violative of Florida securities laws and administrative rules supported…
Wilfredo Felix Jr. of New York New York the President and Chief Executive Officer of Primex is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on accusations that the customer had been placed into UpREIT – a real estate security which was not appropriate or suitable….
William Charles Sines (also known as Bill Sines) of Seminole Florida a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 23, 2019 in which the customer sought $38,651.89 in damages founded on allegations that unsuitable investment recommendations and high pressure sales…
Richard Bruce Sladek (also known as Dick Sladek) of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith incorporated is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations of false or misleading statements in regard to real estate securities or investments…
James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $467,000.00 in damages supported by accusations that (1) fiduciary duties failed to be complied with and (2) real estate security transactions executed in the customer’s…
James Travis Flynn of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. is the subject of a customer initiated investment related complaint on August 26, 2019 in which the customers requested damages estimated to exceed $5,000.00 supported by allegations that (1) real estate security and direct investments failed to comport with…
Daniel John Dunn a stockbroker currently employed by Woodbury Financial Services is referenced in a customer initiated investment related complaint on March 29, 2019 in which the customer sought more than $5,000.00 in damages supported by allegations that the customer was provided poor investment advice concerning real estate security and equipment leasing interests sold by…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Westenbarger failed to comply with FINRA during an investigation into accusations of him borrowing funds from customers of Securities America….
Steve Jeffrey Cummings of Fort Deposit Alabama a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related complaint on July 30, 2019 where the customers requested more than $5,000.00 in damages based upon allegations that (1) false or misleading statements had been made by the…
Shawn Bruce Davis of Auburn California a stockbroker formerly employed by Independent Financial Group LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California in which the customer requested unspecified damages founded on accusations that (1) false or misleading statements had been made…
Stephen Joe Williams of Madison Alabama a stockbroker currently registered with Next Financial Group is the subject of a customer initiated investment related written complaint which was resolved for $24,000.00 on November 2, 2018 supported by accusations that the customer was sold illiquid and inappropriate real estate securities that have since become worthless. Financial Industry…
Scott Lindsay Reed of Indianapolis Indiana a stockbroker registered with David A. Noyes Company is referenced in a customer initiated investment related arbitration claim which was settled for $395,000.00 in damages supported by allegations that (1) false or misleading statements and omissions had been made to the customers concerning the terms of non-traded real estate…
Eric Nichols of Rolling Hills California a stockbroker formerly employed by Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nichols resolved a customer’s investment related dispute outside the firm’s auspices. Letter of Acceptance Waiver and Consent…
Noel Ray Vincent of Southfield Michigan a stockbroker formerly registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that (1) the customer’s assets were handled in a negligent manner (2) fiduciary duties were breached…
Teresa Marie O’Clair of Bismarck North Dakota a stockbroker formerly employed by Capital Financial Services Inc. is referenced in a customer initiated investment related written complaint on June 1, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that false or misleading statements had been made to the customer concerning the…
Charles John Ehnot of Dunmore Pennsylvania a stockbroker formerly registered with L.H. Kohn Company is the subject of a customer initiated investment related complaint that was settled for $20,000.00 in damages on April 5, 2017 based upon accusations that unauthorized real estate security transactions were effected in the customer’s account during the time that Ehnot…
Andrew James Pravlik of Pittsburgh Pennsylvania a stockbroker formerly employed by Prospera Financial Services Inc. is the subject of a customer initiated investment related civil action brought in the Court of Common Pleas of Allegheny County Pennsylvania where the customer sought $175,000.00 in damages supported by allegations that while Pravlik was registered with Prospera Financial…
Jesse Starr of San Diego California a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged by the firm on December 13, 2018 based upon allegations that Starr informed a customer of the firm that J.P. Morgan Securities LLC was liable to the customer for the failure of required distributions from being executed…
David Richard Geake of Northbrook Illinois a stockbroker formerly employed by Ausdal Financial Partners has been discharged by the firm on September 14, 2018 supported by allegations that Geake engaged in private securities transactions or selling away without disclosing them to the firm and obtaining the firm’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public…
Theodore Hendrickus Franse of Fair Oaks California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related written complaint which was settled on August 9, 2018 to resolve accusations of the customer being sold unsuitable real estate investment trust products while Franse was associated with Independent Financial Group…
Jonathan Todd Pyne (also known as Jon Pyne) of Minneapolis Minnesota a stockbroker currently registered with Berthel Fischer Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $9,500.00 in damages based upon accusations that between 2007 and 2015: (1) false or misleading statements had been made…
Giustino DeStefano (also known as Justin DeStefano) of Williamsville New York a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages supported by allegations of (1) violation of FINRA Rules and federal securities laws (2) overconcentration of the customer’s…
Dean Thomas Nicholson of Summerfield Florida a stockbroker formerly registered with SagePoint Financial Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on allegations that (1) SagePoint Financial failed to supervise the transactions placed in the customer’s account (2) the customer’s investment related contract had…
Charles Chester Kulch of Nashua New Hampshire a stockbroker currently employed by Next Financial Group Inc. is the subject of a customer initiated investment related written complaint on August 11, 2017 in which the customer requested $150,000.00 in damages based upon allegations that the customer was inappropriately advised by Kulch in regard to real estate…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abington Virginia a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jessee neglected to comply with FINRA during its investigation into accusations of (1)…
Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly…
Richard Eric Poston (Rick Eric Poston) of Plano Texas a stockbroker formerly employed by H. Beck Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by accusations that while Poston was associated with H. Beck Inc. (1) Poston gave the customer bad investment advice…
James Andrew Geake (also known as Jim Geake) of Skokie Illinois and Schaumburg Illinois a stockbroker currently employed by Madison Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $12,500.00 in damages founded on allegations that the customer suffered unwarranted losses on alternative investments including real estate…
Donnie Eugene Ingram of Winter Haven Florida a stockbroker associated with Cetera Advisors LLC and Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that Ingram executed unsuitable corporate debt and real estate investment trust trades in the customer’s account. Financial…
Jason Bradley Scarcella of Bartlesville Oklahoma a stockbroker formerly registered with SII Investments Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $35,000.00 in damages supported by accusations that Scarcella made false or misleading statements to the customer concerning the income and safety of real estate investment trust…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate…
Ray Gene Reese of Farmington Missouri a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related complaint on May 8, 2018 where the customer requested $75,000.00 in damages based upon allegations of misrepresentations being made to the customer concerning the liquidity of a real estate security sold…
Richard Marvin Muhlberg of Cherry Hill New Jersey a stockbroker formerly employed by Sigma Financial Corporation and Sigma Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer was awarded $17,900.00 in compensatory damages based upon Muhlberg being found liable on the customer’s claims that (1) real estate investment trust…
Bryon Edwin Martinsen of Kings Park New York a stockbroker currently employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $127,000.00 in damages based upon accusations that Martinsen gave the customer bad advice concerning real estate securities held in the customer’s investment portfolio between…
Randall Lee Wilbanks of Oklahoma City Oklahoma a former executive of Wilbanks Securities Inc. has been named in a customer initiated investment related arbitration claim in which the customer sought $290,000.00 in damages based upon accusations that Wilbanks was responsible for (1) making omissions or misrepresentations concerning the risks pertaining to real estate security and…
Jared Bryce Roskelley of Scottsdale Arizona a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on July 28, 2017 where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately placed in the Phillips Edison Real Estate Investment Trust – a…
Roberto Alexandro Blanco of El Paso Texas a stockbroker formerly employed by Investors Capital Corporation is the subject of a customer initiated investment related written complaint which settled for $43,000.00 in damages on February 2, 2018 based upon accusations that (1) Blanco placed the customer in real estate security investments that were not appropriate for…
Steven Hugh Murphy of Simi Valley California a stockbroker formerly registered with VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon accusations that (1) the customer was a victim of elder abuse (2) transactions were effected in violation of…
Dana Harold Nelson of Ann Arbor Michigan a stockbroker currently registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on July 11, 2016 in which the customer requested $38,858.76 in damages supported by accusations that the customer’s purchase of Inland American Real Estate Investment Trust was not appropriate…
Michael Fasciglione of Mineola New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $467,000.00 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached and (2) real estate security transactions effected in the customer’s…
Diane Marie Knight of Chico California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint on January 26, 2017 where the customer sought $50,000.00 in damages supported by accusations that while Knight was associated with LPL Financial LLC unauthorized parties signed documents to effect real estate…
Carroll Thomas Clark Jr. (also known as Tom Clark) of Miami Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) investment recommendations concerning real estate securities were not suitable for the customer…
Jordan John Boyle of Saratoga Springs Utah a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 23, 2019 in which the customer requested $10,000.00 in damages founded on accusations that between September 10, 2014 and January 18, 2019, the customer was provided unsuitable…
William Charles Schumann of Wheaton Illinois a stockbroker currently employed by H. Beck Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $63,000.00 in damages based upon accusations that Schumann made poor investment recommendations to the customer concerning mutual funds as well as a variable annuity and non-traded real…
Harvey Allan Kaluzna of Northbrook Illinois a stockbroker currently employed by Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages based upon accusations that (1) misrepresentations had been made to the customer concerning unit investment trust and real estate security investments held in…
David Philip Antypas of Brentwood Tennessee a stockbroker formerly registered with LPL Financial LLC is the subject of a Tennessee Department of Commerce and Insurance Securities Division disciplinary action where the regulator is seeking the denial of Antypas’ securities registration based upon accusations that (1) during the time Antypas was associated with LPL Financial LLC…
Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $2,600,000.00 in damages founded on allegations that (1) misrepresentations and omissions had been made to the customer concerning investments (2) real estate security and direct…
Sebastian George Bongiovanni of Staten Island a stockbroker currently employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $91,000.00 in damages supported by accusations that (1) investment recommendations made to the customer were not suitable (2) unauthorized trades were executed in the customer’s account (3)…
Kenneth Allan Franklin of Aliso Viejo California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested $8,008.62 in damages based upon accusations that Franklin misrepresented the liquidity of the customer’s real estate investment trust holdings. Financial Industry Regulatory Authority (FINRA)…
Richard Anthony Rodriguez Jr, of Fruitland Park Florida a stockbroker currently employed by Concorde Investment Services LLC is the subject of a customer initiated investment related complaint in which the customer requested $200,000.00 in damages supported by allegations that Rodriguez failed to inform the customer about the risks and features of non-traded real estate investment…
Joseph Edward Disanza of Massapequa New York a stockbroker currently employed by NBC Securities Inc. is the subject of a customer initiated investment related complaint on June 19, 2017 in which the customer sought $25,000.00 in damages founded on accusations that Disanza placed the customer in unsuitable stock and real estate investment trust products which…
Ricky Steven Geislinger of Watkins Minnesota a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $75,000.00 in damages supported by allegations that (1) Geislinger made misrepresentations to the customer concerning the terms and conditions of the investments selected for the…
Joe Bryan Hall of Berthel Fisher Company Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested at least $5,000.00 in damages based upon allegations that the customer was placed in a real estate investment that was not appropriate for the customer given the customer’s objectives for…
Bradley John Freimark of Otsego Minnesota a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related arbitration claim which settled for $100,000.00 in damages founded on accusations that (1) misrepresentations were made to the customer and (2) the customer’s assets were inappropriately invested in D&L Energy 2010 Ltd. –…
John Edward Moriarty of Crystal City Missouri a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $9,999.00 in damages supported by accusations that (1) fiduciary duties owed to the customer had been breached (2) transactions were placed in the customer’s account that…
Delores Jean Yezbak of Cleveland Ohio a stockbroker formerly registered with Lincoln Investment is referenced in a customer initiated investment related written complaint on June 15, 2017 in which the customer sought $70,000.00 in damages supported by allegations that (1) the customer’s account documentation contained false statements in regard to the customer’s income and net…
Lloyd Mark Johnston of Spokane Washington a stockbroker formerly registered with Capital Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information that had been requested of him. Case No. 2018057318201 (Sept. 4, 2018). According…
David Lee of Flushing New York a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related complaint on September 12, 2018 in which the customer requested $15,000.00 in damages based upon accusations that (1) unwarranted investment losses were incurred by the customer on real estate security investments and…
Ronald Dewayne Smith Jr. of Austin Texas a stockbroker formerly employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $136,239.00 in damages based upon allegations that Smith poorly advised the customer concerning CNL Lifestyle Properties Real Estate Investment Trust. Financial Industry Regulatory Authority…
Larry Jefferson Tolbert of Memphis Tennessee a stockbroker formerly registered with FSC Securities Corporation is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that Tolbert put the customer in real estate investment trust products despite those securities having been inappropriate for the customer’s…
Richard Mark Braverman of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that (1) omissions had been made regarding the risks of investing in direct investments and real estate investments (2) fiduciary duties…
Michael John Rappa of San Diego California a stockbroker formerly registered with Foresters Equity Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by accusations that Rappa poorly advised the customer concerning real estate security transactions executed away from the firm. Financial Industry Regulatory…
Bradley Clyde Fischer of Troy Michigan a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $450,000.00 in damages supported by allegations that unsuitable real estate investment trust transactions were effected in the customer’s investment account which caused the customer to…
Danny Harold Hill of Kingwood Texas the limited partner and chief compliance officer of D.H. Hill Securities LLP is the subject of a customer initiated investment related civil action where the customer sought $700,000.00 in damages founded on accusations that (1) the customer’s investment account was over-concentrated in real estate investment trust products (2) fiduciary…
Louis Alan Woolf of South Easton Massachusetts a stockbroker formerly registered with Investors Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer requested $324,555.81 in damages founded on allegations that fiduciary and contractual obligations had been breached and the customer’s TNP Irving Square DST real estate security…
Mark Angelo Senofonte of Edison New Jersey a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on June 12, 2018 where the customer requested $12,500.00 in damages supported by allegations that (1) unsuitable real estate security transactions were executed int the customer’s account (2)…
William Charles Sines of Seminole Florida a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related complaint which was resolved for $19,737.00 in damages on March 2, 2018 based upon allegations that unsuitable real estate security and mutual fund recommendations had been made to the customer. Financial Industry Regulatory…
Michael Scott Arteca of Matawan New Jersey a stockbroker formerly employed by Ameritas Investment Corp is referenced in a customer initiated investment related arbitration claim in which the customer sought $200,000.00 in damages founded on allegations that real estate investment trusts were misrepresented to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01328 (May…
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…
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…
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…
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…
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…
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…
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….
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…
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…
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…
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)…
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…
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…
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….
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…
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…
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…
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…
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…
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…
Steven Eugene Love of Terre Haute Indiana, a stockbroker currently registered with Parkland Securities is the subject of a customer initiated investment related arbitration claim seeking between $300,000 and $500,000 in in damages supported by allegations that he failed top invest her retirement funds in safe, suitable investments, but instead sold her non-traded Real Estate…
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…
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…
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…
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,…
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….
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)…
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…
Mickey Long of Plano, Texas, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related written complaint on March 27, 2017, in which the customer sought $94,438.49 in damages founded on allegations of negligence, breach of fiduciary duty, suitability and misrepresentation concerning the customer’s real estate security,…
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…
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)….
Todd Douglas Ryman, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, is the subject of a customer initiated investment related written complaint on August 16, 2017, where the customer requested $300,000.00 in damages founded on allegations that between September 6, 2016 and February 13, 2017, Ryman effected unauthorized transactions in a…
Bruce A. Lefavi Securities, Inc., a brokerage firm headquartered in Salt Lake City, Utah, 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 customer transactions and violated FINRA’s content standards. Letter of Acceptance, Waiver and Consent, No. 2015043353301 (Nov. 10, 2017)….
Dominic Jude Sacca, of Northville, Michigan, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related arbitration claim, in which the customer requested $100,000.00 in damages based upon allegations that Sacca made unsuitable investment recommendations concerning real estate investment trusts, mutual fund A shares, and a variable…
Thomas David Sharp, of Folsom California, a stockbroker registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related civil action, in which the customer requested compensatory damages based upon allegations that Sharp made unsuitable investment recommendations to the customer concerning real estate investment trusts. Civil Action No. 34201700208443 (Mar. 6,…
Lori Cousineau Weaver, of Renton, Washington, Ameriprise Financial Services, Inc., a stockbroker formerly registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $70,000.00 in damages supported by allegations that the customer’s assets were placed into an illiquid and unsuitable real estate investment trust….
Jerry Dewayne Mccutchen Sr., of Mobile, Alabama, a stockbroker formerly registered with Berthel, Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, in which several customers jointly alleged that Mccutchen made misrepresentations to the customers about real estate securities, oil and gas products, and equipment leading investments,…
PHILADELPHIA (OCTOBER 30, 2017) – The Guiliano Law Group, P.C. filed an arbitration action before the Financial Industry Regulatory Authority (“FINRA”) Office of Dsipute Resolution against Newbridge Securities Corporation, based upon the conduct of its former Registered Representative, Austin R. Dutton, Jr., alleging the violation of the federal securities laws, the Pennsylvania Securities Act, the…
Noel Ray Vincent, of Houston, Texas, a stockbroker formerly currently registered with Madison Avenue Securities, is the subject of a customer initiated investment related arbitration claim on August 24, 2017, in which the customer alleged that Vincent made misrepresentations to the customer and placed unsuitable real estate transactions in the customer’s account. Financial Industry Regulatory…
Howard Michael Niemoeller, of Irvine, California, a stockbroker currently registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related written complaint on March 8, 2017, in which the customer requested $125,000.00 in damages supported by accusations that Niemoeller charged the customer with excessive commissions and fees, effected trades without the…
Gregory Gerald Friel, of Boston, Massachusetts, a stockbroker formerly registered with Harvest Capital LLC, is the subject of a customer initiated investment related written complaint on May 4, 2017, in which the customer requested $19,000.00 in damages based upon allegations that Friel misled the customer in reference to the customer’s real estate securities transactions. Financial…
Mark James Sudol, of Gardena, California, is the subject of a customer initiated investment related arbitration claim on May 1, 2017, wherein the customer sought $500,000.00 in damages based upon allegations that Sudol breached his fiduciary duties, effected transactions in the customer’s account that were not suitable, negligently managed the customer’s portfolio, and made misrepresentations…
Curtis Leroy Whipple, of Plymouth, Michigan, a stockbroker currently registered with Kalos Capital, Inc., has been named in a customer initiated investment related arbitration claim, which settled on March 3, 2017, for $14,999.00 in damages founded upon allegations that he breached his contractual and fiduciary obligations to the customer, and negligently handled the customer’s investment…
John Patrick Ginty, of Mesa, Arizona, a stockbroker currently registered with Lincoln Investment Planning, LLC, has been named in a customer initiated investment related arbitration claim on April 21, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Ginty effected unsuitable transactions in the customer’s account concerning real estate investment trusts,…
Dustin Paul Shafer, of Springfield, Illinois, a stockbroker currently registered with Money Concepts Capital Corp., has been named in a customer initiated investment related written complaint on April 10, 2017, in which the customer requested $75,000.00 in damages based upon allegations that Shafer made poor investment recommendations to the customer about real estate security products,…
Richard Anthony McCollam, of Lafayette, California, a stockbroker formerly registered with National Planning Corporation, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to a FINRA Office of Hearing Officers’ Hearing Panel Decision containing findings that he failed to disclose customer complaints as required…
Kathleen Jeanette Tarr, of Lafayette, California, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related arbitration claim, which settled on February 27, 2017, for $550,000.00 in damages based upon allegations that Tarr made unsuitable investment recommendations to the customer regarding real estate securities. Financial Industry Regulatory…
Kenneth Sydney Kaufman, of White Plains, New York, a stockbroker formerly registered with David Lerner Associates, Inc., has been named in a customer initiated investment related written complaint on June 10, 2015, based upon allegations that Kaufman made misrepresentations to the customer concerning real estate securities effected in the customer’s account. Financial Industry Regulatory Authority…
Lori C. Weaver, of Renton Washington, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on March 22, 2017, in which the customer requested $70,000.00 in damages based upon allegations that Weaver effected unsuitable and illiquid real estate investment trust transactions in the customer’s…
Steven W. Shirley, of Friendswood, Texas, a stockbroker currently registered with IMS Securities, Inc., has been named in a customer initiated investment related arbitration claim on November 10, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Shirley breached his fiduciary duties to the customer, and failed to conduct reasonable due…
Jimmy Dale Mullins, of Fort Worth, Texas, a stockbroker currently registered with Cambridge Investment Research, Inc., has been named in a customer initiated investment related written complaint on February 21, 2017, based upon allegations that Mullins failed to disclose the illiquidity pertaining to a real estate security effected in the customer’s account. Financial Industry Regulatory…
Nina Sue Jessee, of Abingdon, Virginia, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration claim on February 3, 2017, based upon allegations that Jessee effected unsuitable transactions in the customer’s account regarding investments in real estate, insurance, and equipment leasing products. Financial Industry Regulatory Authority…
Charles Chamberlin Shafe, of Maitland, Florida, a stockbroker formerly registered with Transam Securities, Inc., has been named in a customer initiated investment related written complaint on February 7, 2017, in which the customer requested $15,597.00 in damages based upon allegations that Shafe was responsible for the customer’s poor investment performance on a real estate security…
John Scott Jaeger, of West Des Moines, Iowa, a stockbroker formerly registered with Ameritas Investment Corp, has been named in a customer initiated investment related written complaint on January 23, 2017, in which the customer requested $27,145.00 in damages based upon allegations that Jaeger effected an unsuitable real estate investment trust transaction in the customer’s…
Todd Douglas Ryman, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on February 15, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Ryman committed securities related misconduct in reference to the customer’s transactions regarding…
Gregory Wade Gobble, a stockbroker formerly registered with Uvest Financial Services Group, Inc., has been named in a customer initiated investment related written complaint on August 25, 2015, based upon allegations that Gobble made misrepresentations to the customer concerning the Behringer Harvard Real Estate Investment Trust. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Lori Cousineau Weaver, of Renton, Washington, a stockbroker formerly registered with Ameriprise Financial Services, Inc. were sanctioned by The State of Washington Securities Division based on an Order which imposed fines and a suspension of Weaver’s securities registration based upon consenting to findings that Weaver and Ameriprise Financial Services effected unsuitable sales of non-traded real…
Purshe Kaplin Sterling Investments headquartered in Albany, New York, was censured and fined $750,000.00 by Financial Industry Regulatory Authority (FINRA) Department of Enforcement, and ordered to pay $3,373,303.68 in restitution according to an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that the firm failed to supervise a registered representative’s dual relationship with…
Henry John Kulig III, of Clearwater, Florida, a stockbroker currently registered with FSC Securities Corporation, is the subject to a customer initiated investment related arbitration action in which the customer was awarded $65,333.33 in damages. The customer’s claim was based upon allegations that Kulig made unsuitable investment recommendations to the customer concerning American Realty Capital…
Brian Harris Brunhaver, of Snohomish, Washington, a stockbroker previously registered with LPL Financial LLC, and Pacific West Securities, Inc., has been subject to a customer initiated investment related arbitration claim from February 24, 2014, in which customers requested $637,100.00 in damages based upon allegations that Brunhaver effected unsuitable investments in real estate investments trusts within…
Gary D. Moore, of Sarasota, Florida, a stockbroker currently registered with National Planning Corporation, has been subject to a customer initiated investment related arbitration claim on May 18, 2016, in which the customer alleged that Moore effected unsuitable real estate investment trust transactions in the customer’s account. FINRA Public Disclosure reveals that Moore has been…
Jason B. Vanclef, of Culver City, California, a stockbroker currently registered with VFG Securities, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Vanclef made investment recommendations to customers based upon false and misleading statements. Department of Enforcement v. Jason Bryce Vanclef, No. 2013038283001 (Feb. 9, 2016)….
Matthew T. Flynn, of Highland, Michigan, a stockbroker formerly with Fifth Third Securities, is subject to a customer initiated investment related arbitration claim from February 3, 2014, in which the customer requested $275,000.00 in damages based upon allegations against Flynn of making unsuitable recommendations in non-public real estate investment trusts. FINRA Public Disclosure reveals that…
Joel E. Archer, of Arden Arcade, California, a stockbroker currently registered with Summit Brokerage Services, Inc., has been named in a pending customer initiated investment related arbitration claim on June 21, 2016, in which the customer requested $200,000.00 in damages based upon allegations against Archer of making unsuitable investment recommendations to the customer, and effecting…
Richard E. Poston, of Plano, Texas, a stockbroker with H. Beck, Inc., disclosed via FINRA’s BrokerCheck that he settled a customer dispute for $185,000.00 on March 28, 2016, after the customer alleged that Poston engaged in the unsuitable recommendation of non-traded real estate investment trusts. FINRA Public Disclosure records reveal that Poston has been recently…
John S. Hudnall, of San Francisco, California, a stockbroker with U.S. Bancorp Investments and Bancwest Investments Services, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Hudnall engaged in unauthorized private securities transactions, unsuitable recommendations, and made false representations to FINRA regarding his misconduct. Department of Enforcement…
Jason Bryce Vanclef fist became registered with the Financial Industry Regulatory Authority in 2006, and since that time, he has been the subject of no less that seven customer initiated investment related complaints alleging fraud, and most recently on February 6, 2016, a FINRA regulatory action also alleging fraud in connection with the sale of…
Purshe Kaplin Sterling Investments , based in Albany, New York, and its stockbroker Gopi Krishna Vungarala, of Midland, Michigan, were charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging misrepresentation and omission of a material fact in connection with the sale of securities ; failure to disclose volume discounts ;…
Richard A. McCollam of Layfayette, California, a stockbroker with National Planning Corporation, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging McCollam willfully failed to disclose two customer arbitrations and seven customer complaints on his Uniform Application for Securities Industry Regulation filed on January 22, 2014, referred to as…
Dennis P. Van Patter of Dallas, Texas, a registered representative with VSR Financial Services, Inc., was fined $10,000 and suspended for forty-five days from association with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he made unsuitable recommendations to firm customers. Letter of Acceptance, Waiver and Consent, No….
Douglas William Finlay, Jr., a registered representative with Cadaret Grant, was suspended, fined, and forced to pay disgorgement by the Financial Industry Regulatory Authority after consenting to findings that Finlay engaged in an unsuitable recommendation and execution of a faulty transaction in his firm’s customer account. Letter of Acceptance, Waiver, and Consent, No. 2013035576601 (Apr….
LPL Financial LLC, a FINRA member since 1973 headquartered in Boston, MA, conducts general securities business via 18,343 registered reps operating out of roughly 10,702 registered branch offices and 18,396 non-registered office locations. The firm was censured and fined $10M after consenting to FINRA’s findings concerning the firm’s failure(s) to adequately supervise ETF, variable annuity,…
Anthony Diaz of Scotrun, PA, formerly a financial planner with IBN Financial Services, was permanently barred from association with any FINRA registered firms after consenting to FINRA allegations that Diaz engaged in unsuitable variable annuity exchanges, deceptively used falsified financial information and dates, committed fraud in connection with alternative investments, falsified books and records, engaged…
J.P. Turner & Co, recently acquired by Cetera, has over 360 registered representatives and over 150 branch offices nationwide. J.P. Turner’s history with securities regulators is substantial. For example, in December 2013, J.P. Turner consented to a sanction consisting of a censure and restitution in the amount of almost $1 million for the failure to…