Unauthorized Trading

Archive | Unauthorized Trading

FINRA Bars Allstate Financial Stockbroker In Investigation

October 19, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Bars Allstate Financial Stockbroker In Investigation

Jennifer Ann Ayers (also known as Jenny Ayers and as Jennifer Ann Glow) of Roanoke Virginia 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 supported by findings that she failed to cooperate with a FINRA investigation regarding her […]

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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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Morgan Stanley Stockbroker Discharged For Unauthorized Trading

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Morgan Stanley Stockbroker Discharged For Unauthorized Trading

Jeffrey Allen Russell of Newport Beach California a stockbroker formerly registered with Morgan Stanley has been discharged as stockbroker on May 26, 2021. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Russell allegedly made unauthorized transactions in customer accounts. Morgan Stanley alleges that he did not have pre-trade customer authorization for transactions involving money […]

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Investors File FINRA Securities Arbitration Claim Against Aegis Capital Corp

October 08, 2021  |   Posted by :   |   Failure to Diversify, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Aegis Capital Corp

Christopher Rice Callagy of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $180,000.00 in damages based on accusations of poor investment performance during the time that Callagy was associated with Aegis Capital Corp. Financial […]

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FINRA Securities Arbitration Claim Filed Against JP Morgan For Unauthorized Trading

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Securities Arbitration Claim Filed Against JP Morgan For Unauthorized Trading

William Joseph Conn (also known as Bill Conn) of San Francisco California a stockbroker formerly registered with JP Morgan Securities LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $2,000,000.00 in damages founded upon allegations that between 2012 and 2018, Conn effected unauthorized transactions while […]

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Investors Accuse Wells Fargo Of The Sale of Unsuitable Investments

October 08, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of The Sale of Unsuitable Investments

Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has […]

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Raymond James Accused Of Unauthorized Annuity Purchases

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on Raymond James Accused Of Unauthorized Annuity Purchases

Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity […]

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FINRA Sanctions Wynston Hill Capital Stockbroker For Altering Documents

October 08, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions Wynston Hill Capital Stockbroker For Altering Documents

Christopher Joseph Nelson of Brandon South Dakota a stockbroker formerly registered with Wynston Hill Capital LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Nelson falsified the records of Wynston Hill concerning trades in customer accounts. Letter […]

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Wells Fargo Stockbroker Accused By Investors Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Stockbroker Accused By Investors Of Unauthorized Trading

Jordan David Samelson of Huntington New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages supported by accusations of unauthorized trades during the period that Samelson was associated with Wells Fargo Clearing Services. […]

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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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Hilltop Securities Stockbroker Charged With Unauthorized Trading

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Hilltop Securities Stockbroker Charged With Unauthorized Trading

Charles Scott Burford (also known as Scott Burford) of Dallas Texas a stockbroker formerly registered with Hilltop Securities Independent Network Inc. (now known as Momentum Independent Network Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with making unauthorized trades in a customer’s account when he was employed by Hilltop Securities. […]

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Investors Accuse Morgan Stanley Stockbroker Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse Morgan Stanley Stockbroker Of Unauthorized Trading

Christopher Brian Carolan (also known as Chris Brian Carolan) of Roseville California a stockbroker formerly registered with Morgan Stanley is referenced in a customer initiated investment related civil action where the customer sought $58,465.19 in damages based on allegations that unauthorized trades were executed in their account by Carolan between June of 2012 and September […]

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Investors File FINRA Securities Arbitration Claim Against Shearson Financial

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unit Investment Trusts (UITs)   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Shearson Financial

Douglas Keith Ellman of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages founded upon allegations that Ellman placed them into inappropriate common and preferred stock between February of 2019 and November of […]

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Investors Accuse Raymond James Of Unauthorized Trading

September 16, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Raymond James Of Unauthorized Trading

James Edward Lyons of Shreveport Louisiana a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,000,000.00 in damages founded on allegations of Lyons’ unsuitable trading of sector-specific investments and direct investments while he was associated with Raymond James […]

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FINRA Sanctions Laidlaw Stockbroker For Excessive Trading

September 16, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions Laidlaw Stockbroker For Excessive Trading

Joseph Augustien Lianzo of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lianzo made excessive and unauthorized trades in customers’ accounts when he was associated with Laidlaw Company. […]

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Investors File Securities Arbitration Claim Against Laidlaw For Private Placement Fraud

September 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Laidlaw For Private Placement Fraud

Kevin Richard Wilson of New York New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $100,000.00 in damages supported by accusations that they had been sold unsuitable private placements and over-the-counter equities by Wilson during the period […]

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FINRA Sanctions American Wealth Stockbroker For Unauthorized Trading

August 26, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions American Wealth Stockbroker For Unauthorized Trading

Jason Lee Seale III of Novato California a stockbroker and investment adviser representative of American Wealth Management Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that unauthorized transactions were executed in the customer’s account by Seale when he was associated […]

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Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

August 26, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

David John Strnad of Franklin Tennessee a stockbroker formerly registered with Morgan Stanley has been suspended as a stockbroker between July 1, 2019 and December 31, 2020 by Florida Office of Financial Regulation based upon Strnad being sanctioned by Financial Industry Regulatory Authority (FINRA) for unauthorized trading. Case No. 249967-19-AG. FINRA Public Disclosure shows that […]

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Investors Accuse US Bancorp Of Unauthorized Trading

August 26, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unauthorized Trading   |   Comments Off on Investors Accuse US Bancorp Of Unauthorized Trading

John Mark Ross of Missoula Montana a stockbroker formerly registered with US Bancorp Investments Inc. is the subject of a customer initiated investment related written complaint which was resolved for $127,210.30 in damages on January 9, 2019 founded on allegations of unauthorized trading by Ross while he was associated with Wells Fargo Advisors. According to […]

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JP Morgan Stockbroker Accused Of Unsuitable Trading

August 26, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on JP Morgan Stockbroker Accused Of Unsuitable Trading

Rick Douglas Konecny of Chicago Illinois a stockbroker formerly registered with JP Morgan Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $200,000.00 in damages based upon allegations that unsuitable transactions were affected in customer accounts by Konecny when he was associated with JP Morgan Securities. […]

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FINRA Bars Cetera Advisors Stockbroker In Investigation

August 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Bars Cetera Advisors Stockbroker In Investigation

Walter Morrow Allen of Suffield Connecticut a stockbroker formerly registered with Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he neglected to produce documents and information for FINRA during the course of the regulator’s investigation into Allen’s trading in the […]

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America Northcoast Stockbroker Barred In ETF Scam

August 15, 2021  |   Posted by :   |   Failure To Supervise, Inverse/Leveraged ETF Funds, Investment and Regulatory News, Securities Fraud, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on America Northcoast Stockbroker Barred In ETF Scam

Dominic Anthony Tropiano of Cleveland Ohio a stockbroker formerly registered with America Northcoast Securities Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative based on accusations that Tropiano effected unauthorized and unsuitable transactions in customer accounts causing customers to experience more than $1,000,000.00 in losses. SEC […]

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Woodstock Financial Stockbroker Barred By FINRA

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unauthorized Trading   |   Comments Off on Woodstock Financial Stockbroker Barred By FINRA

Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by a FINRA Office of Hearing Officers Default Decision containing findings that Guirand did not cooperate with FINRA in an investigation relating to […]

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Capitol Securities Stockbroker Sanctioned For Unauthorized Trading

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Capitol Securities Stockbroker Sanctioned For Unauthorized Trading

Gilbert Anthony Kuta of Timonium Maryland a stockbroker formerly registered with Capitol Securities Management Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Kuta executed trades in customer accounts without authorization while he was associated with Capitol Securities Management. Letter […]

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Investors Accuse Merrill Lynch Of Misrepresentation

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Over Concentration, Unauthorized Trading   |   Comments Off on Investors Accuse Merrill Lynch Of Misrepresentation

Cristiano Tempo Castellini of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 9, 2021 in which the customer requested compensatory damages based upon accusations that Castellini effected unauthorized trades in the customer’s account during the period that […]

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Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

August 06, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Unauthorized Trading   |   Comments Off on Another Rogue First Standard Stockbroker Sanctioned For Excessive Trading

Roy Joseph Failla of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial Company LLC has been fined $15,000.00 and suspended for 45 days from being a stockbroker in New Jersey according to a Consent Order containing findings that Failla executed unsuitable and excessive trades in customer accounts while Failla was associated […]

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UBS Stockbroker Accused Of Unauthorized Options Trading

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on UBS Stockbroker Accused Of Unauthorized Options Trading

Levi B. Robinson of Anchorage Alaska a stockbroker currently registered with UBS Financial Services Inc. has been referenced in a customer initiated investment related written complaint which was settled for $125,000.00 in damages on December 6, 2018 founded on accusations of misrepresentations by the stockbroker in regard to hedging and selling a customer’s investments. According […]

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JP Morgan Stockbroker Discharged For Unauthorized Trading

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on JP Morgan Stockbroker Discharged For Unauthorized Trading

Timothy Joseph Cunningham of White Plains New York a stockbroker formerly registered with JP Morgan Securities LLC and JP Morgan Chase Bank has been discharged on June 18, 2020 founded on allegations of Cunningham making unauthorized trades in a customer’s account. According to JP Morgan, Cunningham executed the sale of a security from the customer’s […]

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NYLife Stockbroker Barred In FINRA Investigation

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on NYLife Stockbroker Barred In FINRA Investigation

Daniel E. Jossen (also known as Dan Jossen) of Bethesda Maryland 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 Jossen failed to cooperate with FINRA’s requests when he was investigated by the regulator for unauthorized […]

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FINRA Bars AISG Stockbroker In Investigation

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars AISG Stockbroker In Investigation

Nathan Gersteen Katz of Largo Florida a stockbroker formerly registered with American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Katz refusing to cooperate with FINRA when he was investigated for potentially making unsuitable recommendations and effecting trades without […]

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