Promissory Notes

Archive | Promissory Notes

FINRA Bars NTB Financial Stockbroker For Selling Away

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Bars NTB Financial Stockbroker For Selling Away

George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings of him selling away and giving false information to FINRA during a period that he was investigated for engaging in private […]

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Investment Planners Stockbroker Fired For Unauthorized Trading

June 12, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Unauthorized Trading   |   Comments Off on Investment Planners Stockbroker Fired For Unauthorized Trading

James Anthony Parrelly (also known as Jim Anthony Parrelly) of Dearborn Michigan a stockbroker formerly registered with Investment Planners Inc. has been terminated on June 25, 2020 supported by allegations of Parrelly failing to comply with company policy. The securities broker dealer alleged that Parrelly made unauthorized trades in customer accounts and had failed to […]

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FINRA Bars Morgan Stanley Stockbroker In Promissory Note Investigation

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes   |   Comments Off on FINRA Bars Morgan Stanley Stockbroker In Promissory Note Investigation

Candido Jose Viyella of Miami Florida a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Viyella failed to comply with FINRA when it investigated him for potentially selling away from Morgan Stanley. Letter of Acceptance Waiver and […]

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IFS Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on IFS Stockbroker Charged With Unsuitable Recommendations

Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) with engaging in private securities transactions, making unsuitable recommendations and failing to cooperate with FINRA during the period that he was under investigation. Department of Enforcement v. Steven Douglas Schisler Disciplinary Proceeding […]

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IFG Sued By Investors In Promissory Note Scheme

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on IFG Sued By Investors In Promissory Note Scheme

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,202,739.63 in damages based upon accusations of Pariser having involved himself with people who persuaded the customer to invest in fraudulent promissory notes. Financial […]

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Chelsea Financial Stockbroker Barred In Selling Away Investigation

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Chelsea Financial Stockbroker Barred In Selling Away Investigation

George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to cooperate with a FINRA investigation into accusations of him selling away from Chelsea Financial Services. Letter […]

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FINRA Sanctions Woodrock Securities Stockbroker For Selling Outside Investments

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Private Placement Fraud, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Woodrock Securities Stockbroker For Selling Outside Investments

Sean Daniel McDevitt of Houston Texas a stockbroker formerly registered with Woodrock Securities LP has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that McDevitt engaged in outside business activities while registered with Woodrock. Letter of Acceptance Waiver and […]

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FINRA Sanctions AXA Stockbroker For Misrepresentation

February 16, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Variable Annuites   |   Comments Off on FINRA Sanctions AXA Stockbroker For Misrepresentation

Lisa Ann Brumm (also known as Lisa Ann Moon) of Portland Oregon a stockbroker formerly registered with AXA Advisors LLC has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she provided unsuitable recommendations to customers and made misrepresentations […]

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Uhlmann Price Stockbroker Accused Of Unsuitable Trading

February 01, 2021  |   Posted by :   |   Closed End Funds, Investment and Regulatory News, Private Placement Fraud, Promissory Notes   |   Comments Off on Uhlmann Price Stockbroker Accused Of Unsuitable Trading

John James Hoidas of Chicago Illinois a stockbroker formerly registered with Uhlmann Price Securities LLC is referenced in a customer initiated investment related written complaint which was settled for $12,500.00 on October 6, 2020 founded on allegations of unsuitable closed-end fund transactions being effected in the customer’s account by Hoidas while he was registered with […]

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Whitehall-Parker Sanctioned For Failure To Supervise

February 01, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Promissory Notes   |   Comments Off on Whitehall-Parker Sanctioned For Failure To Supervise

Whitehall-Parker Securities Inc. and its supervisor Robert J. Yuloo both of San Rafael California have been sanctioned by Financial Industry Regulatory Authority (FINRA) supported by findings of Whitehall-Parker and Yuloo having failed to supervise its stockbrokers’ outside business activities. Letter of Acceptance Waiver and Consent No. 2017052705802 (Jan. 15, 2021). According to the AWC, from […]

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PFS Sued By Investors For Promissory Notes

January 19, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on PFS Sued By Investors For Promissory Notes

Robert Frederick Genito of Bonita Springs Florida a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages supported by allegations that the customer had been issued a promissory note through Genito and that the stockbroker defaulted on […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Selling Away

Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for 16 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zito engaged in private securities transactions and outside business activities while registered with […]

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Investors File FINRA Arbitration Claim Against Chelsea Financial

January 03, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Promissory Notes   |   Comments Off on Investors File FINRA Arbitration Claim Against Chelsea Financial

George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that promissory notes were sold by Warner away from the securities broker dealer. Financial Industry Regulatory […]

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Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

Jay R. Weiser of Collinsville Illinois a stockbroker formerly registered with DesPain Financial Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by accusations that the customer’s retirement assets were mismanaged as it pertained to a promissory note transaction executed by Weiser during […]

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FINRA Bars JP Turner Stockbroker In $12 Million Ponzi Scheme

October 08, 2020  |   Posted by :   |   Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Bars JP Turner Stockbroker In $12 Million Ponzi Scheme

Tony A. Kassaei of Irvine California a stockbroker formerly registered with JP Turner Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kassaei took part in private securities transactions involving real estate securities during the time that he was employed by JP Turner. […]

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FINRA Bars WestPark Stockbroker In Fraudulent Promissory Note Scheme

September 30, 2020  |   Posted by :   |   Failure to Conduct Due Diligence, FINRA Securities Arbitration, Promissory Notes, Securities Arbitration Claims, Securities Fraud   |   Comments Off on FINRA Bars WestPark Stockbroker In Fraudulent Promissory Note Scheme

Harry Seth Datys of New York New York a stockbroker formerly employed by WestPark Capital Inc. has been fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he advised customers of WestPark to purchase promissory notes that were not suitable for them and […]

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Investors Sue Transamerica Over Fake Promissory Notes

July 29, 2020  |   Posted by :   |   Ponzi Schemes, Promissory Notes, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Sue Transamerica Over Fake Promissory Notes

Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly associated with Transamerica Financial Advisors has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been placed into real estate security and insurance products as well as a charitable annuity […]

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Investors Sue Trustmont For Failure To Supervise

July 20, 2020  |   Posted by :   |   Failure To Supervise, Promissory Notes   |   Comments Off on Investors Sue Trustmont For Failure To Supervise

Peter Rajinder Kohli of Leesport Pennsylvania a stockbroker formerly registered with Trustmont Financial Group is the subject of a customer initiated investment related arbitration claim in which the customer requested $373,023.00 in damages based upon allegations that Trustmont failed to supervise Kohli’s securities transactions in the customer’s account which resulted in losses. Financial Industry Regulatory […]

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Westpark Stockbroker Sanctioned For Selling Away

July 11, 2020  |   Posted by :   |   Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Westpark Stockbroker Sanctioned For Selling Away

Gregory Alan Ricker of Boca Raton Florida a stockbroker formerly associated with Westpark Capital Inc. has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in private securities transactions without the securities broker dealer’s approval. Letter of […]

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Private Client Services Stockbroker Barred In Promissory Note Scam

July 11, 2020  |   Posted by :   |   FINRA Securities Arbitration, Promissory Notes   |   Comments Off on Private Client Services Stockbroker Barred In Promissory Note Scam

Michael Joseph Iannarino (also known as Mike Iannarino) of Columbus Ohio a stockbroker formerly registered with Private Client Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Iannarino failed to comply with a FINRA investigation into accusations of his recommendations and sales […]

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Sigma Financial Corp Sued By Investors For Fraud

July 11, 2020  |   Posted by :   |   Promissory Notes, Securities Fraud, Selling Away and Outside Activities   |   Comments Off on Sigma Financial Corp Sued By Investors For Fraud

Fredrick Martin Randhahn (also known as Frederick Martin Randhahn) of Ogden Utah a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon accusations that the customer was placed into risky and fraudulent Woodbridge Mortgage Investment products during […]

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FINRA Bars Western International Stockbroker In Promissory Note Scheme

July 11, 2020  |   Posted by :   |   Promissory Notes   |   Comments Off on FINRA Bars Western International Stockbroker In Promissory Note Scheme

Elizabeth Ann Morrell of Westlake Village California a stockbroker formerly employed by Western International Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she declined to cooperate with a FINRA investigation regarding allegations of her sales of promissory notes relating to Woodbridge Group […]

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Forest Securities Stockbroker Sanctioned For Selling Woodbridge Notes

June 24, 2020  |   Posted by :   |   Promissory Notes, Securities Fraud   |   Comments Off on Forest Securities Stockbroker Sanctioned For Selling Woodbridge Notes

Christopher Richard Wurtzinger of Chicago Illinois a stockbroker and supervisor formerly registered with Forest Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that Wurtzinger failed to supervise outside business activities relating to the sale of Woodbridge Group of Companies promissory […]

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Investors Sue Spearfish Stockbroker For Sale Of Promissory Notes

June 23, 2020  |   Posted by :   |   Promissory Notes   |   Comments Off on Investors Sue Spearfish Stockbroker For Sale Of Promissory Notes

Kirk James Bertsch of Spearfish South Dakota a stockbroker formerly employed by Farmers Financial Solutions LLC has been identified in a customer initiated investment related written complaint on February 27, 2020 where the customer sought $24,361.09 in damages founded on accusations of an unregistered promissory note purchase executed by Bertsch while he was employed by […]

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Signator Stockbroker Barred By FINRA For Selling Away

June 22, 2020  |   Posted by :   |   Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Signator Stockbroker Barred By FINRA For Selling Away

Dee Dee Brooks (also known as Doris Brooks and as Doris Takooshian) of Huntington Beach California a stockbroker formerly associated with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she engaged in unapproved private securities transactions involving Future Income Payments […]

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BCG Sued By Investors For Unsuitable Direct Investments

June 03, 2020  |   Posted by :   |   Direct Participation Programs, Misappropriation of Funds, Private Placement Fraud, Promissory Notes, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on BCG Sued By Investors For Unsuitable Direct Investments

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 arbitration claim where the customer sought $50,000.00 in damages based upon accusations that (1) due diligence was not properly performed prior to Cohen having recommended or sold direct investments to […]

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NTB Financial Accused Of Promissory Note Scheme

May 12, 2020  |   Posted by :   |   Private Placement Fraud, Promissory Notes, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on NTB Financial Accused Of Promissory Note Scheme

George Louis McCaffrey III of Englewood Colorado a stockbroker formerly associated with NTB Financial Corporation has been referenced in a customer initiated investment related complaint on May 14, 2019 in which the customer requested $290,000.00 in damages supported by allegations of the customer being inappropriately advised by McCaffrey to use individual retirement account funds to […]

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Cantone Accused By Investors Of Private Placement Misconduct

April 18, 2020  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Misappropriation of Funds, Ponzi Schemes, Promissory Notes, Stockbroker Theft   |   Comments Off on Cantone Accused By Investors Of Private Placement Misconduct

Christine Louise Cantone (also known as Christine L. Gefken) of Eatontown New Jersey a Vice President and Chief Compliance Officer of Cantone Research Inc. is the subject of a customer initiated investment related complaint which was resolved on February 14, 2019 for $42,500.00 in damages based upon accusations of Christine Cantone’s failure to supervise a […]

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FINRA Bars NYLife Stockbroker In Woodbridge Investigation

April 18, 2020  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Bars NYLife Stockbroker In Woodbridge Investigation

Alan Harold New of Fort Wayne Indiana a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that New neglected to provide information and documentation to the regulator during an investigation into allegations of New’s sale […]

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FIRNA Bars CFD Stockbroker For Selling Away

April 08, 2020  |   Posted by :   |   Promissory Notes, Selling Away and Outside Activities, Unregistered Securities   |   Comments Off on FIRNA Bars CFD Stockbroker For Selling Away

Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Vietor sold unregistered securities away from his securities broker dealer employers including CFD Investments as well as Cape Securities and Oakbridge […]

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