Structured Products

Archive | Structured Products

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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Investors Chase Wells Fargo For Structured Product Misdeeds

Douglas Hammond Freebern of Bartow Florida a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled on September 14, 2017 to resolve accusations that Freebern placed the customer in a structured product without the customers consent. Financial Industry Regulatory Authority (FINRA) Public […]

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Merrill Lynch Sued By Investors For Fraud

Gregory Alan Voight of Providence Rhode Island a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages founded on allegations that (1) misrepresentations were made to the customer concerning structured products and municipal debt products (2) investment […]

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Wells Fargo Accused Of Structured Products Fraud

Jeffrey John Di Bono of San Jose California a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on May 11, 2017 in which the customer sought $8,500.00 in damages based upon accusations that Di Bono did not receive investment returns that were promised […]

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BBVA Accused By Investors Of Structured Note Fraud

Michael Joseph Kane III of Allen Texas a stockbroker currently registered with BBVA Securities Inc. is referenced in a customer initiated investment related written complaint on November 27, 2017 in which the customer sought damages estimated to exceed $5,000.00 based upon accusations that in September of 2017, a structured note purchase was not suitable for […]

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Investors Sue Morgan Stanley For Bad UIT Investments

Jonathan William Lonske of Boston Massachusetts a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on October 3, 2017 where the customer requested unspecified damages supported by allegations that between 2009 and 2016, Lonske executed unsuitable closed-end funds, structured products and unit investment trust transactions in the […]

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