Stockbroker Theft

Archive | Stockbroker Theft

Investor Seek to Even Score Priority Corp For Rogue Broker

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investor Seek to Even Score Priority Corp For Rogue Broker

Eugene Arthur Riggio Jr. of New York New York a stockbroker formerly registered with Score Priority Corp (formerly known as Whotrades Inc.) is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages based upon allegations of unsuitable recommendations being made by the stockbroker as it […]

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Commonwealth Financial Stockbroker Barred For Fraud

January 19, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Commonwealth Financial Stockbroker Barred For Fraud

Gerald Allan Eaton of Acton Massachusetts a stockbroker formerly registered with Commonwealth Financial Network has been barred in various capacities including stockbroker and investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Eaton defrauding investors and stealing $3,700,000.00 from them. In the Matter of Gerald Allan Eaton Administrative […]

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FINRA Investigates Stockkings Stockbroker For Conversion

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Investigates Stockkings Stockbroker For Conversion

Gregory Antonius Lewis of New York New York a stockbroker currently registered with Stockkings Capital LLC is referenced in a Financial Industry Regulatory Authority (FINRA) investigation regarding allegations of Lewis possibly misusing customer funds and effecting unsuitable transactions in customer accounts. Case No. 20190606487 (Dec. 16, 2019). FINRA Public Disclosure reveals that Department of Enforcement […]

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FINRA Bars Citigroup Stockbroker In Customer Theft Investigation

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars Citigroup Stockbroker In Customer Theft Investigation

Najib Hossain Khan of Richmond Hill New York a stockbroker formerly registered with Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Khan neglected to cooperate with FINRA personnel during the period that he was investigated for theft of customer […]

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Allstate Stockbroker Barred By FINRA In Investigation

December 22, 2020  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Allstate Stockbroker Barred By FINRA In Investigation

David Alan Stateman of Miami Florida a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not comply with FINRA personnel while he was under investigation for taking funds from a customer and for […]

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Investors Bring FINRA Arbitration Claim Against Morgan Stanley For Stockbroker Theft

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Morgan Stanley For Stockbroker Theft

Barry Franklin Connell of Ridgewood New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related arbitration claim which was resolved for $1,350,000.00 in damages supported by allegations that the customer’s funds had been misappropriated by the stockbroker’s actions at Morgan Stanley. Financial Industry Regulatory Authority (FINRA) […]

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FINRA Bars Cambridge Stockbroker In Wire Fraud Investigation

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on FINRA Bars Cambridge Stockbroker In Wire Fraud Investigation

Lynn Dale Cawthorne of Shreveport Louisiana a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Decision and Order of Offer of Settlement containing findings of Cawthorne failing to comply with FINRA during an investigation concerning Cawthorne’s […]

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DA Davidson Stockbroker Barred In Theft Investigation

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on DA Davidson Stockbroker Barred In Theft Investigation

Kathleen Marie Bott (also known as Kathy Bott) of Spokane Washington a stockbroker formerly employed by DA Davidson Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Bott neglected to comply with FINRA when she was under investigation for committing theft. Letter of […]

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Investors Bring FINRA Claim Against First Financial Equity Corp For Stockbroker Theft

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Investors Bring FINRA Claim Against First Financial Equity Corp For Stockbroker Theft

David John Volpe of Scottsdale Arizona a stockbroker employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought more than $5,000.00 in damages founded on allegations that the customer’s funds had been converted by the stockbroker. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02492 […]

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Spartan Capital Stockbroker Sanctioned In Outside Business Scam

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Selling Away and Outside Activities, Stockbroker Theft   |   Comments Off on Spartan Capital Stockbroker Sanctioned In Outside Business Scam

Pratul Victor Agnihotri (also known as Pratol Victor Agnihotri) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. and Spartan Capital Securities LLC has been fined $7,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Agnihotri engaged in […]

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SEC Bars Stifel Nicolaus Stockbroker For Misappropriation

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on SEC Bars Stifel Nicolaus Stockbroker For Misappropriation

Steven Dale Rodemer of Pueblo Colorado a stockbroker formerly registered with Stifel Nicolaus Company Incorporated is the subject of a Securities Exchange Commission (SEC) Administrative Order in which he has been barred from being a stockbroker or investment adviser representative and has been barred from being employed by any securities broker dealer or investment advisory […]

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Haddon Heights Stockbroker Barred For Stealing From Elderly

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Haddon Heights Stockbroker Barred For Stealing From Elderly

Sean Michael Refsnider of Haddon Heights New Jersey a stockbroker formerly registered with Ameriprise Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings of Refsnider failing to cooperate with a […]

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MARV Capital Stockbroker Barred For Theft of Customer Funds

October 08, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on MARV Capital Stockbroker Barred For Theft of Customer Funds

Michael Joseph Clarke of Jersey City New Jersey a stockbroker formerly registered with MARV Capital Inc. and Tradition Asiel Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a National Adjudicatory Council Decision containing findings of Clarke’s conversion of investor funds and of his […]

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FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

Brian Keith Decker of New York New York a stockbroker formerly registered with Legend Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Decker failed to comply with a FINRA Arbitration Award in which he was ordered to compensate a customer who […]

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Investors Bring Arbitration Claims Against Center Street Securities Related to Convicted Stockbroker

October 08, 2020  |   Posted by :   |   Alternative Investments, Misappropriation of Funds, Securities Arbitration Claims, Securities Fraud, Stockbroker Theft, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Arbitration Claims Against Center Street Securities Related to Convicted Stockbroker

Sean Joseph Kelly of Marietta Georgia a stockbroker formerly registered with Center Street Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages based upon accusations of unsuitable alternative investments being sold to the customer during the period that Kelly was associated with Center Street […]

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LPL Financial Stockbroker Barred In Theft Investigation

September 30, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on LPL Financial Stockbroker Barred In Theft Investigation

Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he did not honor FINRA requests which had been made during the time that he was under investigation for violating FINRA […]

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MML Investors Services Stockbroker Barred For Stealing From Dead Customers

September 30, 2020  |   Posted by :   |   Elder Financial Abuse, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on MML Investors Services Stockbroker Barred For Stealing From Dead Customers

Roger Allan Duval of Bellevue Washington a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he converted funds belonging to three customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062789901 […]

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Guggenheim Stockbroker Barred By FINRA For Conversion

September 14, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Guggenheim Stockbroker Barred By FINRA For Conversion

Andrew Markman Arthur (also known as Andy M. Arthur) of Summit New Jersey a stockbroker formerly employed by Guggenheim Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he converted investor funds and had provided false statements to FINRA. Letter of Acceptance Waiver […]

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New Jersey Bureau Of Securities Expells Wells Fargo Stockbroker

September 14, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft, Unauthorized Trading   |   Comments Off on New Jersey Bureau Of Securities Expells Wells Fargo Stockbroker

Ramon Arturo Herrera of Jersey City New Jersey a stockbroker and financial advisor formerly registered with Wells Fargo Clearing Services LLC is the subject of a New Jersey Bureau of Securities Order dated October 18, 2019 in which Herrera’s stockbroker and investment adviser representative registrations in the State of New Jersey have been revoked based […]

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Merrill Lynch Stockbroker Barred In Theft Investigation

September 14, 2020  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Merrill Lynch Stockbroker Barred In Theft Investigation

Jose Giraldo (also known as Tomas Giraldo) of Chula Vista California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Giraldo neglected to cooperate with FINRA’s request for his information following the point in […]

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Country Capital Management Sued For Stockbroker Theft

August 27, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Country Capital Management Sued For Stockbroker Theft

Adam Michael Lopez of Springfield Illinois a stockbroker formerly registered with Country Capital Management Company is the subject of a customer initiated investment related written complaint on December 16, 2019 in which the customer requested $2,000,000.00 in damages based upon allegations that the customer’s assets were converted and that the customer had been defrauded as […]

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Commonwealth Financial Sued For Defective Investment Advice

August 27, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Commonwealth Financial Sued For Defective Investment Advice

Benjamin Frank Bourgeois Jr. of Metairie Louisiana a stockbroker formerly employed by Commonwealth Financial Network has been identified in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages founded on accusations that the customer’s check had been misused by Bourgeois and that the customer received bad investment recommendations while Bourgeois […]

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NYLife Accused By Investors Of Forging Checks

August 27, 2020  |   Posted by :   |   Customer Loans, Forgery, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on NYLife Accused By Investors Of Forging Checks

Ronald James Knight (also known as Ramone Knight) of Timonium Maryland a stockbroker formerly registered with NYLife Securities is referenced in a customer initiated investment related written complaint which was resolved for $128,351.26 on April 10, 2018 based upon allegations of the stockbroker having failed to repay a NYLife Securities LLC customer after borrowing funds […]

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SEC Bars Jailed Questar Capital Stockbroker For $3 Million Fraud

August 27, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Fraud, Selling Away and Outside Activities, Stockbroker Theft   |   Comments Off on SEC Bars Jailed Questar Capital Stockbroker For $3 Million Fraud

Kevin Donald Wanner of Bismarck North Dakota a stockbroker formerly employed by Questar Capital Corporation has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative or otherwise associating with a securities broker dealer or investment advisor representative according to an Order pertaining to findings of Wanner defrauding investors. […]

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Joseph Stone Stockbroker Barred For Stockbroker Theft

July 29, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Joseph Stone Stockbroker Barred For Stockbroker Theft

Erik Patrick Pica (also known as Eric Patrick Pica) of Joseph Stone Capital LLC has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision concerning findings that (1) a customer’s funds were converted by Pica (2) the customer was provided with misleading and false […]

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SEC Bars Wells Fargo Stockbroker For Fraud

July 29, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Bars Wells Fargo Stockbroker For Fraud

E. Herbert H. Hafen (also known as Elias Herbert Hafen and as Elias Herbert Niggebrugge) of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from being a stockbroker or an investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of […]

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SEC Charges American Portfolio Broker With Stealing $1.2 Million

July 29, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on SEC Charges American Portfolio Broker With Stealing $1.2 Million

Mark L. Hopkins of Grand Blanc Michigan, a stockbroker formerly registered with American Portfolio Financial Services was charged by the United States Securities and Exchange Commission with the theft of $1.2 million from five of his customer accounts.  United States Securities and Exchange Commission v. Mark L. Hopkins (E.D. Michigan). According to the Complaint, bginning […]

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SEC Bars Stifel Nicolaus Stockbroker For Fraud

July 20, 2020  |   Posted by :   |   FINRA Securities Arbitration, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Bars Stifel Nicolaus Stockbroker For Fraud

Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly associated with Stifel Nicolaus Company Incorporated has been barred from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to an SEC Order based on Yanow pleading guilty to wire fraud. In the Matter of […]

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Bankers Life Securities Accused Of Unauthorized Trading

July 20, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on Bankers Life Securities Accused Of Unauthorized Trading

Jefferey William Dyra of Naperville Illinois a stockbroker formerly associated with Bankers Life Securities Inc. has been referenced in a customer initiated investment related written complaint on November 21, 2019 in which the customer requested $47,000.00 in damages supported by allegations that unauthorized transactions were facilitated in the customer’s account. The complaint alleges that the […]

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Wells Fargo Stockbroker Accused of Misappropriating $3.6 Million

July 11, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Wells Fargo Stockbroker Accused of Misappropriating $3.6 Million

Wilfred Rodriguez Jr. of Boca Raton Florida a stockbroker formerly associated with Wells Fargo Advisors has been referenced in a customer initiated investment related written complaint on December 14, 2019 in which the customer requested $3,600,000.00 in damages supported by allegations of misappropriation and unauthorized transactions during the period in which Rodriguez was employed by […]

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