Overconcentration

Archive | Overconcentration

Securities Arbitration Claim Filed Against Aegis Capital For Unsuitable Recommendations

January 20, 2022  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Securities Arbitration Claim Filed Against Aegis Capital For Unsuitable Recommendations

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 […]

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Planned Financial Programs Accused Of Misrepresentation

January 20, 2022  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Planned Financial Programs Accused Of Misrepresentation

Mark Stewart Brody, of Melville, New York, a stockbroker currently registered with Planned Financial Programs Inc., is the subject of a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages supported by allegations of Brody’s misrepresentation of information relating to common and preferred stock trades while he was employed by Planned […]

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Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

Peter Vincent Ianace, of Frisco, Texas, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $18,000,000.00 in damages supported by accusations of misrepresentation and unsuitable recommendations by Ianace between February of 2013 and December of 2019 […]

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FINRA Sanctions Joseph Stone Stockbroker For Unsuitable Trading

Sebastian Wyczawski of Manorville New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wyczawski made unsuitable recommendations to customers while he was associated with Joseph Stone Capital. […]

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Investors Accuse WFG Of Breach Of Fiduciary Duty

Damian Marlon Bell of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages supported by accusations of breach of contract and breach of fiduciary duty regarding direct investments, including direct participation programs and limited […]

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Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Municipal Bond Fraud, Non-traded REITs, Overconcentration   |   Comments Off on Investors File FINRA Securities Arbitration Against Summit Brokerage Over Alternative Investments

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 […]

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Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

October 19, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

Steven Mackie Woods of New York New York a stockbroker formerly registered with Laidlaw Company Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,123.00 in damages founded upon accusations of excessive trading of stocks and over-the-counter equities by Woods when he was associated with Laidlaw […]

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First Allied Securities Stockbroker Accused Of Fraud

October 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Overconcentration, Stockbroker Negligence   |   Comments Off on First Allied Securities Stockbroker Accused Of Fraud

David Robert Kennon of Sarasota Florida a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related written complaint on July 22, 2021 where the customer sought more than $100,000.00 in damages based on accusations of Kennon’s negligence and breach of contract during the period in which he […]

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Investors File Securities Arbitration Claim Against RBC For Unsuitable Investment Advice

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Investors File Securities Arbitration Claim Against RBC For Unsuitable Investment Advice

Joseph Ijong Chu of Stamford Connecticut a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,000,000.00 in damages founded on accusations that unsuitable energy securities were recommended by Chu when he was associated with RBC Capital Markets. […]

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Investors Accuse Raymond James Of Unauthorized Trading

September 16, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Raymond James Of Unauthorized Trading

James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James […]

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Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

September 16, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs, Overconcentration   |   Comments Off on Investors Accuse VFG Securities Of Breach Of Fiduciary Duty

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 […]

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Investors File Arbitration Claim Against Cetera For Sale of Unsuitable Investments

August 26, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Cetera For Sale of Unsuitable Investments

George Craig Merhoff Jr of Klamath Falls Oregon a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested between $500,000.00 and $1,000,000.00 in damages based upon accusations that the customer’s account had been overconcentrated by Merhoff in unsuitable investments including […]

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JP Morgan Stockbroker Accused Of Unsuitable Trading

August 26, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on JP Morgan Stockbroker Accused Of Unsuitable Trading

Rick Douglas Konecny of Chicago Illinois a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages based upon allegations that unsuitable transactions were affected in customer accounts by Konecny when he was associated with JP Morgan Securities. […]

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Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

August 06, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Overconcentration, Private Placement Fraud   |   Comments Off on Investors File Securities Arbitration Claim Against Titan Securities For Fraudulent REIT Sales

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 […]

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Investors Accuse Merrill Lynch Of Misrepresentation

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Overconcentration, Unauthorized Trading   |   Comments Off on Investors Accuse Merrill Lynch Of Misrepresentation

Cristiano Tempo Castellini of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 9, 2021 in which the customer requested compensatory damages based upon accusations that Castellini effected unauthorized trades in the customer’s account during the period that […]

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Another Worden Capital Stockbroker Investigated For Churning

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Another Worden Capital Stockbroker Investigated For Churning

William Nicholas Athas of Melville New York a stockbroker formerly registered with Worden Capital Management is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has determined that Department of Enforcement should pursue disciplinary action against Athas for potentially churning investor accounts and for making unsuitable investment recommendations. Case No. […]

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Fusion Analytics Stockbroker Barred By FINRA

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Selling Away and Outside Activities   |   Comments Off on Fusion Analytics Stockbroker Barred By FINRA

Michael Joseph Dellaporta Jr (also known as Mike Dellaporta) a stockbroker formerly registered with Fusion Analytics Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to hand over documents and information to FINRA when it investigated whether he engaged in […]

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Investors File Arbitration Claim Against Centaurus For Unsuitable Alternative Investments

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Centaurus For Unsuitable Alternative Investments

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 […]

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NEXT Financial Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Overconcentration   |   Comments Off on NEXT Financial Stockbroker Charged With Unsuitable Recommendations

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. […]

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Investors File Securities Arbitration Claim Against Oppenheimer For Breach Of Fiduciary Duty

April 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Investors File Securities Arbitration Claim Against Oppenheimer For Breach Of Fiduciary Duty

Dennis Phillip Ayre of Beverly Hills California a stockbroker formerly registered with Oppenheimer Company Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages based upon allegations that the customer’s assets had been overconcentrated by Ayre in Foresight Energy LP stock between September of […]

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Investors File Securities Arbitration Claim Against Four Points For Unsuitable Recommendations

March 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Investors File Securities Arbitration Claim Against Four Points For Unsuitable Recommendations

Michael Christopher Martino of New York New York a stockbroker currently registered with Four Points Capital Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $543,163.00 in damages founded on accusations that the customer received unsuitable investment recommendations from Martino when he was associated with […]

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David Lerner Stockbroker Sanctioned For Sale of Unuitable Investments

March 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, Investment and Regulatory News, Overconcentration   |   Comments Off on David Lerner Stockbroker Sanctioned For Sale of Unuitable Investments

Charles Abad Santos Bonilla of Boca Raton Florida a stockbroker formerly registered with David Lerner Associates Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Bonilla made unsuitable recommendations to customers concerning alternative investments. Letter of Acceptance […]

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Investors Bring FINRA Securities Arbitration Against Madison Avenue Securities For Unsuitable Advice

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Investors Bring FINRA Securities Arbitration Against Madison Avenue Securities For Unsuitable Advice

Noel Ray Vincent of Houston Texas a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages supported by accusations of unsuitable recommendations being made to the customer concerning GPB and other direct investments including DPPs or […]

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LPL Sued By Investors For Unsuitable Trading

February 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Unsuitable Investment Recommendations   |   Comments Off on LPL Sued By Investors For Unsuitable Trading

Kevin Marshall McCallum of Birmingham Alabama 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 $4,800,000.00 in damages based upon allegations of the stockbroker making unsuitable trades involving closed end funds during the period that he was registered […]

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Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

February 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Stifel Nicolaus Sued By Investors For Breach Of Fiduciary Duty

Scott Alan Sanders of Fort Myers Florida a stockbroker formerly registered with Stifel Nicolaus Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $100,000.00 in damages supported by Stifel Nicolaus being found liable on the customer’s claims including breach of contract and breach […]

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Wynston Hill Named In FINRA Arbitration Claim For Failure To Supervise

December 22, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration   |   Comments Off on Wynston Hill Named In FINRA Arbitration Claim For Failure To Supervise

Robert Joseph Calamunci Sr. of Bronx New York a stockbroker currently registered with Wynston Hill Capital LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $314,852.00 in damages based upon accusations of the failure of Wynston Hill Capital LLC to supervise options and equities in the customer’s […]

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SEC Obtains Judgment Against Former Landolt Securities Stockbroker For Securities Fraud

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Overconcentration, Private Placement Fraud, Securities Fraud   |   Comments Off on SEC Obtains Judgment Against Former Landolt Securities Stockbroker For Securities Fraud

Anthony Matthew Cottone of Boca Raton Florida a stockbroker formerly registered with Landolt Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $260,000.00 in damages supported by allegations of the customer’s assets being overconcentrated in private placements and allegations of transactions not being supervised by Landolt Securities. Financial […]

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Laidlaw Sued By Investors For Fraudulent Private Placements

August 27, 2020  |   Posted by :   |   Alternative Investments, Boilerroom Sales, Overconcentration, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Laidlaw Sued By Investors For Fraudulent Private Placements

Kevin Richard Wilson of New York New York a stockbroker formerly associated with Laidlaw Company (UK) Ltd. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,600,000.00 in damages supported by allegations that the customer had been placed into unsuitable private placements from 2011 to 2017 during the […]

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Bishop Rosen Stockbroker Sanctioned For Defrauding Disabled Customer

June 08, 2020  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Overconcentration, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Bishop Rosen Stockbroker Sanctioned For Defrauding Disabled Customer

Hector Ramos of New York New York a stockbroker formerly associated with Bishop Rosen Co. Inc. has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that gave bad advice to a disabled customer. Letter of Acceptance Waiver and Consent No. 2018059983001 (June […]

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Crystal Bay Stockbroker Barred By FINRA In Investigation

April 23, 2020  |   Posted by :   |   Non-traded REITs, Overconcentration, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Crystal Bay Stockbroker Barred By FINRA In Investigation

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 […]

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