Over Concentration

Archive | Over Concentration

American Portfolios Stockbroker Barred In Investigation

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on American Portfolios Stockbroker Barred In Investigation

Robert James Halldin (also known as Bob Halldin) of Newington Connecticut a stockbroker formerly registered with American Portfolios Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he obstructed a FINRA investigation into allegations of his misconduct as referenced by complaints and […]

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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, Over Concentration   |   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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Investors File Arbitration Claim Against Landolt Securities For Private Placement Sales

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Private Placement Fraud   |   Comments Off on Investors File Arbitration Claim Against Landolt Securities For Private Placement Sales

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, Over Concentration, 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, Over Concentration, 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, Over Concentration, 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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Investors Accuse Wells Fargo Of Unsuitable Investment Advice

April 18, 2020  |   Posted by :   |   Investment and Regulatory News, Over Concentration, Securities Arbitration Claims   |   Comments Off on Investors Accuse Wells Fargo Of Unsuitable Investment Advice

Charles Bernard Lynch Jr. (also known as Charlie Bernard Lynch) of Irvine California a stockbroker formerly employed by Wells Fargo Advisors LLC (now known as Wells Fargo Clearing Services LLC) has been identified in a customer initiated investment related complaint which was resolved on January 18, 2019 for $50,000.00 in damages founded on accusations that […]

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JP Morgan Sued By Investors For Over-Concentration

Rick Douglas Konecny of Chicago Illinois a stockbroker formerly associated with JP Morgan Securities LLC has been referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages supported by allegations of an overconcentration of the customer’s assets in high-risk investments which led the customer to experience losses. Financial Industry […]

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Investors Sue Ameriprise For Unsuitable Investment Advice

Bradley Leo Renberg of West Des Moines Iowa a stockbroker registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $380,000.00 in damages based upon accusations of speculative and unsuitable energy sector equities held in the customer’s account at Ameriprise Financial Services. Financial Industry […]

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Investors Sue RBC Capital Markets Unsuitable Bond Sales

Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly associated with RBC Capital Markets LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by allegations that (1) municipal bonds transactions effected when Fladell was employed by RBC Capital Markets failed to […]

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Raymond James Sued By Investors For Fraud

James Edward Lyons of Shreveport Louisiana a stockbroker employed by Raymond James Associates Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer had been awarded $2,986,708.96 in compensatory damages supported by Raymond James Associates being found liable on the customer’s claims which included that (1) mutual funds, stocks […]

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Ameriprise Stockbroker Barred For Failing To Pay Arbitration Award

Cary Jarrett Kievman of Westlake Village California a stockbroker formerly registered with Ameriprise Financial Services Inc. has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that the stockbroker neglected to comply with an arbitration award or settlement agreement or otherwise confirm her compliance […]

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Ameriprise Sued By Investors For Unsuitable Investment Advice

William David Utanski of Fort Lauderdale a stockbroker formerly employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $125,000.00 in damages supported by allegations that (1) the customer was poorly advised on common or preferred stocks and (2) transactions failed to be suitable […]

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SagePoint Sued For Defective Investment Advice

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 […]

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Titan Securities Accused Of Unsuitable REIT Recommendations

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 […]

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Lowell Company Sued By Investors For Defective ETF Investments

William Hamilton Lowell (also known as Bill Lowell) of Dallas Texas a stockbroker currently registered with Lowell Company Inc. and Crescent Securities Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages founded on accusations that exchange traded fund transactions executed by the stockbroker were […]

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Investors Sue Oppenheimer For Misrepresentation

Timothy Roger Atyeo of Fort Lauderdale Florida a stockbroker currently employed by Oppenheimer Co. Inc. 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 (1) misrepresentations had been made to the customer (2) fiduciary obligations were breached (3) the customer’s account was […]

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Investors Sue RBC Capital For Failure To Supervise

Paul Vincent Blum of West Palm Beach Florida a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim which was settled for $70,000.00 in damages supported by allegations that (1) transactions executed by the stockbroker were unsuitable and (2) the customer’s energy-sector corporate bond transactions […]

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Investors Sue Wells Fargo For Unsuitable Trading

Jeffrey Alan Eiler of Fort Lauderdale a stockbroker currently employed by Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim that settled for $135,000.00 in damages based upon accusations of the customer’s investment account being overconcentrated by Eiler in unsuitable mutual funds which led the customer to experience investment […]

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Investors Accuse Kovack Of Mutual Fund Misconduct

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 […]

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Investors Accuse Cetera Of Energy Sector Overconcentration

Abraham Heimann of Alpharetta Georgia a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim that was resolved for $42,500.00 in damages founded on accusations that fiduciary obligations to the customer were breached and the customer’s account had been negligently administered. FINRA Arbitration No. 17-02785 (Dec. 26, […]

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Raymond James Sued By Investors For Breach Of Contract

Adam Saul Frankfort of New York New York a stockbroker currently employed by Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages based upon accusations that when Frankfort was associated with Raymond James and former securities broker dealer Deutsche Bank Securities: (1) […]

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Morgan Stanley Sued By Investors For Misrepresentation

Timothy Thomas Gibbons of New Orleans Louisiana a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $225,708.00 in damages supported by allegations that (1) energy-sector over-the-counter equities transactions executed in the customer’s account were unsuitable for the customer and (2) false or […]

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Moors Cabot Sued By Investors For Stockbroker Negligence

Scott Allen Sibley of Boca Raton Florida a stockbroker formerly registered with Moors Cabot Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 founded on allegations that (1) the customer’s account was handled in a negligent manner (2) contractual obligations had been breached […]

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Regulators Bar MetLife Stockbroker For Fraud

James Paul Kolf of Madison Wisconsin a stockbroker formerly registered with MetLife Securities Inc. has been barred from being a stockbroker or an investment adviser or associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings, Making Findings and Imposing Remedial Sanctions issued by Securities Exchange Commission (SEC) based upon […]

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Oppenheimer Sued By Investors For Breach Of Contract

Robert Abramowitz of Jericho New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for more than $50,000.00 in damages founded on accusations that (1) fiduciary duties had been violated (2) the customer’s investment account was handled in a negligent manner […]

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Investors Sue National Planning Corp For Negligence

Timothy David Ballard (also known as Tim Ballard) of Danville California a stockbroker employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought more than $100,000.00 in damages supported by allegations that (1) the customer’s account was handled in a negligent manner (2) fiduciary obligations were […]

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FINRA Sanctions NBC Stockbroker For Unauthorized Trading

Brian Gregory DiJulio of Bellevue Washington a stockbroker formerly registered with NBC Securities Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) DiJulio executed unauthorized trades in customer accounts while employed by NBC Securities Inc. and (2) […]

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Regulator Sanctions Spartan Capital Stockbroker For Misconduct

Dean John Kajouras of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a Consent Order issued by the State of Massachusetts Securities Division which required Kajouras to cease and desist from making unsuitable recommendations or engaging in other conduct violative of Massachusetts Securities Laws and required Kajouras […]

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Investors Capital Sued By Investors For Churning

Robert Estevez of Greenwich Connecticut a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages founded on allegations that (1) misrepresentations had been made to the customer by Estevez concerning the customer’s equity investments (2) stock trades placed by Estevez […]

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