Stockbroker Theft

Archive | Stockbroker Theft

FINRA Bars LPL Financial Stockbroker In Elder Theft Investigation

October 19, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars LPL Financial Stockbroker In Elder Theft Investigation

Eric Shea Hollifield of Dacula Georgia 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 on findings that he did not cooperate with FINRA investigators during an investigation into his possible conversion of an elderly customer’s funds during the […]

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FINRA Bars WS Brokerage Services Stockbroker In Theft Investigation

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars WS Brokerage Services Stockbroker In Theft Investigation

Ronald Scott Daley of West Chester Ohio a stockbroker formerly registered with WS Brokerage Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with the regulator’s investigation into allegations of his misuse of customer funds during the time […]

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Investors Accuse NPB Financial Group Of Breach Of Fiduciary Duty

October 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Stockbroker Theft, Unauthorized Trading   |   Comments Off on Investors Accuse NPB Financial Group Of Breach Of Fiduciary Duty

Cynthia Diane Cowden (also known as Cynthia Case) a stockbroker formerly registered with NPB Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $300,000.00 in damages based upon allegations of the violation of federal and state securities laws and the breach of a fiduciary […]

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Cambridge Stockbroker Barred By FINRA For Conversion

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Cambridge Stockbroker Barred By FINRA For Conversion

William Jeffrey Michero (also known as Jeff Michero) of Fort Worth Texas a stockbroker formerly registered with Cambridge Investment Research has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he converted funds as a trustee. Letter of Acceptance Waiver and Consent No. 2021072162901 (Sept. […]

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Barred Fidelity Brokerage Stockbroker Accused Of Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Barred Fidelity Brokerage Stockbroker Accused Of Unsuitable Investment Recommendations

Kitwana Nkoski Thomas of Jacksonville Florida a stockbroker formerly registered with Fidelity Brokerage Services LLC is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded upon allegations that Thomas provided unsuitable recommendations to them as it pertained to corporate debt investments during the time […]

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Investors File Arbitration Claim Against BCG For Sale Of Unsuitable Investments

September 03, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Failure to Conduct Due Diligence, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Arbitration Claim Against BCG For Sale Of Unsuitable 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 FINRA securities arbitration claim where the customer sought compensatory damages based upon accusations of Cohen selling unsuitable direct participation program interests and limited partnership interests during the period that he […]

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SEC Obtains Judgement Against LPL Stockbroker For Fraud

September 01, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Obtains Judgement Against LPL Stockbroker For Fraud

James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC is named in a Securities and Exchange Commission (SEC) lawsuit in which SEC obtained a judgment which restrains and enjoins Booth from further violating federal securities laws based upon findings of Booth defrauding investors. Case No. 3:19-cv-01535 (Feb. 19, 2021). SEC […]

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Edward Jones Stockbroker Barred By FINRA In Investigation

August 15, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Edward Jones Stockbroker Barred By FINRA In Investigation

Casey James Kemerly of Pennington Gap Virginia a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA when it investigated his termination from Edward Jones and his criminal charges from August of […]

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Investors File Arbitration Claim Against FSC For Misappropriation

August 15, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft, Unit Investment Trusts (UITs)   |   Comments Off on Investors File Arbitration Claim Against FSC For Misappropriation

Leonard Voris Fox Jr. of Marlton New Jersey a stockbroker formerly registered with FSC Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $150,000.00 in damages founded on accusations that the customer’s funds had been misappropriated and that Fox misled them during the time that […]

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Regulator Sanctions BBVA Securities Stockbroker In Theft Investigation

August 15, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Regulator Sanctions BBVA Securities Stockbroker In Theft Investigation

Adrian Torres Ortega of Sun City West Arizona a stockbroker formerly registered with BBVA Securities Inc. is referenced in an Arizona Corporation Commission Securities Division Order For Administrative Penalties and Order of Revocation where his stockbroker registration has been revoked based on Ortega being barred by a securities regulator. In the Matter of Adrian Torres […]

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FCG Advisors Stockbroker Barred In Fraudulent Scheme

August 15, 2021  |   Posted by :   |   Investment and Regulatory News, Securities Fraud, Stockbroker Theft   |   Comments Off on FCG Advisors Stockbroker Barred In Fraudulent Scheme

Michael Allan Bressman of Chatham New Jersey a stockbroker formerly registered with FCG Advisors LLC has been barred as stockbroker by New Jersey Bureau of Securities on March 18, 2021 founded on Bressman engaging in fraudulent practices and theft while he was associated with FCG Advisors LLC. New Jersey’s sanctions come after Bressman was convicted […]

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FINRA Bars NYLife Stockbroker For Conversion

August 06, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars NYLife Stockbroker For Conversion

Jeffrey Scott Anderson of Bloomington Illinois a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Anderson converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2020067888701 (Aug. 2, 2021). According to the AWC, Anderson’s […]

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Regulator Sanctions Janney Montgomery Scott Stockbroker

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Regulator Sanctions Janney Montgomery Scott Stockbroker

John Joseph Cahill of Upper Saddle River New Jersey a stockbroker formerly registered with Janney Montgomery Scott LLC is referenced in a New Jersey Bureau of Securities Summary Revocation Order in which his stockbroker and investment adviser representative registrations have been revoked based on him violating FINRA rules and the policies of Janney Montgomery Scott. […]

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Merrill Lynch Stockbroker Barred By SEC For Fraud

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Merrill Lynch Stockbroker Barred By SEC For Fraud

Christopher Lee Hibbard (also known as Chris Hibbard) of Louisville Kentucky a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred as stockbroker and as investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Hibbard committing fraud. In the Matter of Christopher Lee Hibbard […]

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Royal Alliance Stockbroker Barred In Theft Investigation

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Royal Alliance Stockbroker Barred In Theft Investigation

John Henry Swon IV of Bloomington Minnesota a stockbroker formerly registered with Royal Alliance Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he chose not to provide documents and information to FINRA when it investigated him for possibly misappropriating a customer’s […]

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Wells Fargo Stockbroker Barred In Theft Investigation

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Wells Fargo Stockbroker Barred In Theft Investigation

Tyler Michael Rigsbee of Sacramento California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rigsbee refused to provide FINRA with documents and information in an investigation into his possible misuse of customer funds. […]

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GWN Stockbroker Barred By FINRA In Theft Investigation

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on GWN Stockbroker Barred By FINRA In Theft Investigation

Ronald Joseph Giovino Jr. of Clearwater Florida a stockbroker formerly registered with GWN Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s request when he was investigated for conversion of customer funds at GWN Securities. Letter […]

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SEC Charges LPL Stockbroker With Fraud

July 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on SEC Charges LPL Stockbroker With Fraud

James Kenneth Couture of Worchester Massachusetts a former stockbroker of LPL Financial LLC and former investment adviser representative of Private Wealth Management Group has been charged by Securities and Exchange Commission (SEC) with taking part in a scheme to misappropriate $2,900,000.00 from investors. Civil Action No. 1:21-CV-10908 (D. Mass June 1, 2021). According to the […]

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Investors File Securities Arbitration Claim Morgan Stanley For Palm Beach Stockbroker Theft

July 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Securities Arbitration Claim Morgan Stanley For Palm Beach Stockbroker Theft

David Wayne Kraft of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $716,528.06 in damages founded on accusations that the customer’s funds had been “removed from their account without the customer’s authorization”  during the […]

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Mutual Of Omaha Stockbroker Pleads Guilty To Securities Fraud

July 07, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Ponzi Schemes, Stockbroker Theft   |   Comments Off on Mutual Of Omaha Stockbroker Pleads Guilty To Securities Fraud

Edward Earl Matthes of Milwaukee Wisconsin a stockbroker formerly registered with Mutual of Omaha Investor Services has received a 63-month jail sentence based on him pleading guilty to violating federal securities laws as 27 victims had been defrauded in his $2,600,000.00 investment scheme. United States v. Edward E. Matthes 20-cr-0220-bhl (E.D. Wis. May 20, 2021). […]

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FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities, Stockbroker Theft, Unauthorized Trading   |   Comments Off on FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to comply with an arbitration award or otherwise inform FINRA about his compliance.  FINRA Arbitration No. 20-00245  (Aug. […]

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Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

Marcus E. Boggs of Chicago Illinois a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $44,731.77 in damages on October 21, 2020 founded on accusations of “unauthorized charges” in the customer’s account during the time that Boggs […]

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Investors File Securities Arbitration Claim Against LPL Financial For Stockbroker Theft

April 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Securities Arbitration Claim Against LPL Financial For Stockbroker Theft

Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $1,000,000.00 in damages on February 22, 2021 based upon accusations that the customer’s assets had been converted by Clason between 2015 and 2020 while Clason […]

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Investors Accuse Fifth Third Securities Of Unit Investment Trust Misconduct

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Investors Accuse Fifth Third Securities Of Unit Investment Trust Misconduct

Kenneth Joseph Heidelberger of Boca Raton Florida a stockbroker currently registered with Fifth Third Securities Inc. is referenced in a customer initiated investment related written complaint on March 7, 2020 in which the customer requested $10,000.00 in damages based upon accusations of a poorly performing unit investment trust being held in the customer’s account during […]

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HD Vest Stockbroker Accused of Stealing $1 Million

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on HD Vest Stockbroker Accused of Stealing $1 Million

Erin Lynn Verespy of Trumbull Connecticut a stockbroker formerly registered with HD Vest Investment Services has been issued a Cease and Desist Order by the Banking Commissioner of the State of Connecticut founded on allegations of Verespy engaging in outside business activities, failing to disclose lawsuits, and borrowing funds from a customer of HD Vest […]

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FINRA Bars MML Stockbroker In Investigation

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars MML Stockbroker In Investigation

Chad T. Mackland of Council Bluff Iowa a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Mackland neglected to provide information and documents to FINRA when it investigated him for accusations of fraud. Letter of Acceptance […]

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Raymond James Stockbroker Charged By SEC With Fraud

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on Raymond James Stockbroker Charged By SEC With Fraud

Mark Joseph Boucher of Carlsbad California a former stockbroker of Raymond James Financial Services and former investment adviser representative of SCF Investment Advisors Inc. has been charged by Securities and Exchange Commission (SEC) with engaging in a fraudulent scheme during the period that he controlled Strategic Wealth Advisors Group (SWAG). Securities and Exchange Commission v. […]

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Morgan Stanley Stockbroker Barred By State Regulator For Fraud

March 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Morgan Stanley Stockbroker Barred By State Regulator For Fraud

Michael Barry Carter (also known as Mike Carter) of McClean Virginia a stockbroker formerly registered with Morgan Stanley has been fined $220,000.00 and barred by the State of Maryland from being a stockbroker or investment adviser representative supported by allegations that he defrauded investors. Case No. 2019-0176 (Dec. 15, 2020). According to the Consent Order, […]

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SEC Charges American Portfolios Stockbroker With Fraud

March 18, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on SEC Charges American Portfolios Stockbroker With Fraud

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services has been charged by Securities and Exchange Commission (SEC) with misappropriating $1,150,000.00 from customers who held accounts at American Portfolios Financial Services. SEC v. Mark L. Hopkins Case No. 20-cv-11980 (July 24, 2020). According to the Complaint, in 2017, […]

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Investors File Arbitration Claim Against First Allied Securities For Misappropriation

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Elder Financial Abuse, FINRA Securities Arbitration, Forgery, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Investors File Arbitration Claim Against First Allied Securities For Misappropriation

Shlomo Strugano (also known as Shlomy Strugano and as Solomon Strugano) of Reseda California 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 $750,000.00 in damages supported by accusations of elder abuse and misappropriation. Financial Industry Regulatory Authority (FINRA) […]

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