Structured Products

Archive | Structured Products

Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Alternative Investments, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Arkadios Capital For Unsuitable Investment Recommendations

Stephen John Ferencik (also known as Stephen John Ferencilz) of Atlanta Georgia a stockbroker currently registered with Arkadios Capital is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages based upon allegations of unsuitable alternative investment transactions by Ferencik and Arkadios Capital between 2017 and […]

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Aegis Capital Corp Stockbroker Accused Of Misrepresentation

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Structured Products, Unsuitable Investment Recommendations   |   Comments Off on Aegis Capital Corp Stockbroker Accused Of Misrepresentation

Arthur Willard Lewis of Boca Raton Florida a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $20,000.00 in damages based upon accusations of a structured product being misrepresented by Lewis when he was associated with Aegis Capital Corp. Financial Industry […]

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Advisor Resource Council Stockbroker Discharged Over Sales Practices

September 01, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Structured Products   |   Comments Off on Advisor Resource Council Stockbroker Discharged Over Sales Practices

Steven Jay Jacobson of New Orleans Louisiana a former stockbroker of Ameriprise Financial Services and former investment adviser representative of Advisor Resource Council has been discharged by Advisor Resource Council on January 20, 2021 supported by allegations of Jacobson failed to comply with the firm’s “action plan” intended to address his sales practice violations with […]

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Hilltop Securities Sued By Investors For Misrepresentation

July 07, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Elder Financial Abuse, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products   |   Comments Off on Hilltop Securities Sued By Investors For Misrepresentation

Mark Frederick Augusta (also known as Mark Fred Augusta) a stockbroker registered with Wedbush Securities Inc. and Hilltop Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that Augusta made misrepresentations to the customer regarding structured products and […]

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Investors File FINRA Securities Arbitration Claim Against Morgan Stanley For Excessive Trading

March 08, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Structured Products   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Morgan Stanley For Excessive Trading

Jeffrey Neil Cadan of New York New York 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 compensatory damages based upon accusations that between July of 2014 and December of 2016, excessive trades had been effected in the customer’s […]

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Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

September 30, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims, Structured Products, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

Kevin Joseph Schaefer of San Francisco California a stockbroker and investment adviser representative of Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations of Schaefer making misrepresentations and providing unsuitable investment advice with respect to the […]

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Investors Allege IFG Breached Of Fiduciary Duties

September 14, 2020  |   Posted by :   |   Securities Arbitration Claims, Structured Products   |   Comments Off on Investors Allege IFG Breached Of Fiduciary Duties

Kyusun Kim (also known as Kyu Sun Kim and as Kenny Kim) of San Diego California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was settled for $60,000.00 in damages based upon allegations that the stockbroker violated federal and state securities laws through […]

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Investors Bring Claims Against Wintrust For Structured Products Fraud

August 27, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud, Structured Products   |   Comments Off on Investors Bring Claims Against Wintrust For Structured Products Fraud

Scott Robert Steinhorst of Hartland Wisconsin a stockbroker formerly associated with Wintrust Investments LLC has been referenced in a customer initiated investment related complaint in which the customer requested $15,187.72 in damages supported by allegations that the customer had been placed into inappropriate structured certificates of deposit given the long maturities on those products. This […]

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BBVA Securities Accused By Investors Of Misrepresentation

July 29, 2020  |   Posted by :   |   Securities Arbitration Claims, Structured Products   |   Comments Off on BBVA Securities Accused By Investors Of Misrepresentation

Brian Robert Bates of Chandler Arizona a stockbroker currently associated with BBVA Securities Inc. has been referenced in a customer initiated investment related written complaint on February 7, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that misrepresentations had been made by Bates concerning insurance protections on a structured […]

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Investors Accuse Wedbush Securities Of Fraud

July 29, 2020  |   Posted by :   |   Elder Financial Abuse, Municipal Bond Fraud, Securities Arbitration Claims, Securities Fraud, Structured Products   |   Comments Off on Investors Accuse Wedbush Securities Of Fraud

Mark Fredrick Augusta of Del Mar California a stockbroker formerly associated with Wedbush Securities Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the customer had been defrauded and that misrepresentations and omissions had been made in regard to the customer’s […]

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Investors Sue BMO Harris For Structured Note Fraud

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud, Structured Products   |   Comments Off on Investors Sue BMO Harris For Structured Note Fraud

Keith Frederick France of Indianapolis Indiana a stockbroker formerly registered with BMO Harris Financial Advisors Inc. is the subject of a customer initiated investment related complaint on April 29, 2019 in which the customer requested more than $5,000.00 in damages based upon allegations that the customer had been sold a market linked certificate of deposit […]

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Wayne Hummer Accused Of Misrepresentation

June 24, 2020  |   Posted by :   |   Structured Products   |   Comments Off on Wayne Hummer Accused Of Misrepresentation

Jeannette Ann Adcock of Indianapolis Indiana a stockbroker formerly registered with Wayne Hummer Investments is the subject of a customer initiated investment related written complaint which was settled on December 4, 2019 for $56,838.12 in damages based upon allegations that misrepresentations had been made by the stockbroker pertaining to structured certificates of deposit which were […]

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Investors Sue Centaurus For Breach Of Fiduciary Duty

June 08, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Securities Arbitration Claims, Structured Products, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Centaurus For Breach Of Fiduciary Duty

Cindy Lucille Porto Chiellini (also known as Cindy L. Porto) of Lexington South Carolina a stockbroker currently associated with Centaurus Financial LLC 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 between 2011 and March of 2020: (1) a fiduciary duty […]

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Chelsea Financial Stockbroker Fails To Pay Arbitration Award

April 23, 2020  |   Posted by :   |   Securities Arbitration Claims, Structured Products   |   Comments Off on Chelsea Financial Stockbroker Fails To Pay Arbitration Award

Roger Charles Faubel of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker failed to comply with an arbitration award or settlement agreement or otherwise confirm his compliance […]

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Investors Sue Centaurus For Misrepresentation

March 26, 2020  |   Posted by :   |   Failure To Supervise, Securities Arbitration Claims, Structured Products   |   Comments Off on Investors Sue Centaurus For Misrepresentation

Ricky Alan Mantei of Lexington South Carolina a stockbroker and branch manager of Centaurus Financial Inc. (also known as JP Turner Company) is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that (1) a fiduciary duty that was owed to the customer had […]

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Wells Fargo Sued By Investors For Unauthorized Trading

Andrew Stephen Vitek Jr. of Jenkintown Pennsylvania a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been identified in a customer initiated investment related arbitration claim where the customer sought at least $152,000.00 in damages founded on accusations that (1) mutual funds and structured products were not suitable for the customer given their […]

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Investors Sue Aegis Capital For Structured Products and Churing

Nicholas George Tsikitas of Melville New York a stockbroker currently registered with Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim where the customer sought $450,000.00 in damages based upon accusations that (1) fiduciary obligations were breached (2) transactions were unsuitable given the customer’s investment profile (3) the customer’s portfolio […]

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Merrill Lynch Terminates Stockbroker For Unapproved Recommendations

January 22, 2020  |   Posted by :   |   Investment and Regulatory News, Structured Products   |   0 Comments

Johnathan Rankin of Dallas Texas a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated has been terminated by the securities broker dealer on September 18, 2019 based upon allegations that the stockbroker violated the securities broker dealer’s policies and procedures because he solicited investments without authorization and had failed to comply with Merrill Lynch’s […]

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Centaurus Sued By Investors For Misrepresentation

Katherine Greer Nishnic of Lexington South Carolina a stockbroker currently employed by Centaurus Financial Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that between 2010 and 2018: (1) transactions executed by the stockbroker failed to be suitable for the customer […]

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Regulator Takes Action Against Centaurus Financial Stockbroker

Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker currently registered with Centaurus Financial Inc. is the subject of a regulatory action initiated by the State of Colorado in which the regulator is seeking to bar Chiellini from engaging in securities business in the State of Colorado supported by allegations that Chiellini engaged in […]

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Morgan Stanley Sued By Investors For Bad Advice

Roxann Geraldine Romano (also known as Roxann Geraldine Davanzo) of New York New York a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $1,755,896.00 in damages based upon accusations that Romano gave the customer bad investment advice concerning the purchase of variable […]

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Newbridge Sanctioned By FINRA For Failure To Supervise

Newbridge Securities Corporation a securities broker dealer headquartered in Boca Raton Florida, and Bruce H. Jordan (Director of Investment Banking), have been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Newbridge failed to supervise structured products sold to customers of the firm (2) Newbridge failed to supervise non-traditional exchange traded fund […]

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Investors Sue HJ Sims For Serial Fraudster

Larry Charles Wolfe of Boca Raton Florida a stockbroker formerly registered with Herbert J. Sims Co. Inc. (also known as HJ Simms) was named in a customer initiated investment related arbitration claim in which he was ordered by a Financial Industry Regulatory Authority (FINRA) Arbitration Panel to pay $480,000.00 in compensatory damages to a customer […]

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Voya Sued By Investors For Bad Alternative Investments

Gregory Scott Young of Columbia South Carolina a stockbroker formerly employed by Voya Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages supported by accusations that the customer had been placed into structured steepener notes and alternative investment products that failed […]

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Wayne Hummer Accused Of Structured Note Fraud

August 28, 2019  |   Posted by :   |   Investment and Regulatory News, Structured Products   |   0 Comments

Jeannette Ann Adcock a stockbroker formerly registered with Wayne Hummer Investments is referenced in a customer initiated investment related written complaint on April 9, 2019 in which the customer sought $11,335.29 in damages founded on accusations that (1) unfounded statements had been made to the customer concerning the purchase of structured notes and structured certificate […]

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Investors Blame UBS For Inappropriate Structured Product Investment Advice

Margaret Mary Lech-Loubet of Beverly Hills California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on May 22, 2018 based upon accusations that the risks and illiquidity of the customer’s structured products holdings were not disclosed to the customer […]

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Investors Sues UBS Financial Services For Stockbroker Theft

Michael Roy Blueweiss of Melville New York a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that between 2014 and 2017: (1) the customer’s funds had been stolen or otherwise misappropriated by Blueweiss (2) […]

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Morgan Stanley Sued By Investors For Churning

Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim that settled for $1,200,000.00 in damages supported by accusations that between 2011 and 2016, Cadan executed excessive government debt trades in the customer’s account causing the customers losses. Financial […]

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Investors Sue UBS For Fraud In Connection With The Sale Of Structured Products

James Brian Cain of Beverly Hills California a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on January 4, 2018 where the customer requested $45,000.00 in damages founded on accusations that between July 18, 2014 and January 4, 2018: (1) the customer was placed […]

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UBS Financial Services Sued By Investors For Unauthorized Trading

Daniel Edward Rebmann of San Antonio Texas a stockbroker currently associated with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations that structured products had been purchased for the customer’s account without the customer’s permission while Rebmann was associated with […]

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