Unsuitable Investment Recommendations

Archive | Unsuitable Investment Recommendations

Investors File Securities Arbitration Claim Against LPL Financial For Breach Of Fiduciary Duty

October 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Failure to Conduct Due Diligence, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against LPL Financial For Breach Of Fiduciary Duty

Jeffrey Guy LaBelle (also known as Jeff LaBelle) of Sarasota Florida a stockbroker formerly registered with LPL Financial LLC and First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $350,000.00 in damages based upon allegations that LaBelle breached a contract and breached a […]

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Investors File Securities Arbitration Claim Against National Securities Corp

October 19, 2021  |   Posted by :   |   Boilerroom Sales, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against National Securities Corp

Rick Alan Davidson of Miami Florida a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $1,000,000.00 in damages based upon allegations that their account was exposed to unsuitable trading of stocks by Davidson during the time that he was associated […]

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Investors File FINRA Securities Arbitration Claim Against David Lerner For Misrepresentation

October 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against David Lerner For Misrepresentation

Daniel Todd Lerner of White Plains New York a stockbroker currently registered with David Lerner Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $450,000.00 in damages founded upon accusations of misrepresentations and omissions regarding mutual fund transactions and a private placement offering during […]

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Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

October 19, 2021  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Claim Against Laidlaw Stockbroker For Churning

Steven Mackie Woods of New York New York a stockbroker formerly registered with Laidlaw Company Ltd. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,123.00 in damages founded upon accusations of excessive trading of stocks and over-the-counter equities by Woods when he was associated with Laidlaw […]

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Investors File Arbitration Claim Against GF Investment Services

October 19, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against GF Investment Services

Steven Andrew Greer (also known as Andrew Greer) of Charlotte North Carolina a stockbroker formerly registered with GF Investment Services is the subject of a customer initiated investment related FINRA securities arbitration claim on September 3, 2020, in which the customer sought compensatory damages founded on accusations that alternative investments had been recommended by Greer […]

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FINRA Bars Merrill Lynch Stockbroker In Investigation

October 19, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Merrill Lynch Stockbroker In Investigation

Ryan Ashley Raskin of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA’s investigation focusing on his alleged unsuitable investment recommendations while he was […]

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Investors Allege Fraud In FINRA Securities Arbitration Claim Against Summit Brokerage

October 19, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Allege Fraud In FINRA Securities Arbitration Claim Against Summit Brokerage

Bruce Anthony Ciallella of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $100,000.00 in damages supported by accusations of fraud and the violation of Florida Securities and Investor Protection Act concerning the sale of […]

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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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Investors File Securities Arbitration Claim Against First Allied Securities

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against First Allied Securities

Kimberly Ann Barentsen (also known as Kimberly Ann Berentsen, Kimberly Ann Bietema, and Kimberly Ann Bielema) of Walnut Creek California a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based on allegations […]

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Questar Capital Accused Of Unsuitable Recommendations

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Questar Capital Accused Of Unsuitable Recommendations

Dawn Alison Strachan (also known as Dawn Alison Osogwin and as Dawn Allison Osogwin) of Torrance California a stockbroker formerly registered with Questar Capital Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $999,999.00 in damages based on accusations of Strachan’s unsuitable recommendations regarding private placements […]

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Advisors Group Equity Services Stockbroker Barred By FINRA

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Advisors Group Equity Services Stockbroker Barred By FINRA

Robert Tibor Nyilas of Jericho New York a stockbroker formerly registered with Advisory Group Equity Services Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not cooperate with FINRA’s requests while he was under investigation for possibly making unsuitable investment recommendations […]

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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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Carter Terry Company Stockbroker Accused Of Unauthorized Trading

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Carter Terry Company Stockbroker Accused Of Unauthorized Trading

John Hillman Timberlake of Atlanta Georgia a stockbroker formerly registered with Carter Terry Company Inc. is referenced in a customer initiated investment related written complaint on December 15, 2020 in which the customer sought unspecified damages based on allegations of unauthorized and unsuitable trades when Hillman was associated with Carter Terry Co. Inc. Financial Industry […]

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UBS Financial Services Stockbroker Accused Of Unsuitable Trading

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on UBS Financial Services Stockbroker Accused Of Unsuitable Trading

Shay W. Scruggs of Houston Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $2,000,000.00 and $3,000,000.00 in damages based upon allegations that they had been placed into unsuitable equities by Scruggs between 2013 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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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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FINRA Investigates SW Financial Stockbroker For Churning

October 08, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Churning, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Investigates SW Financial Stockbroker For Churning

Arthur Mel Coffey (also known as Mel Coffey) of Miller Place New York a stockbroker currently registered with SW Financial is referenced in a FINRA investigation which may lead to Department of Enforcement bringing a disciplinary action against him for possibly churning customer accounts and making unsuitable trades in violation of FINRA rules. FINRA Case […]

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Sagepoint Financial Stockbroker Accused Of Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Sagepoint Financial Stockbroker Accused Of Unsuitable Investment Recommendations

Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that […]

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LPL Financial Stockbroker Accused Of Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Misappropriation of Funds, Unsuitable Investment Recommendations   |   Comments Off on LPL Financial Stockbroker Accused Of Unsuitable Investment Recommendations

Christopher Bryan Black (also known as Chris Bryan Black) of Statesboro Georgia a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on May 21, 2021, where the customer sought $84,166.22 in damages based upon accusations that Black provided unsuitable recommendations to them concerning municipal bonds […]

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MML Investors Services Stockbroker Barred By FINRA

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on MML Investors Services Stockbroker Barred By FINRA

Curt Giacobbe of Melville New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon accusations that Giacobbe failed to cooperate with FINRA’s request for information. Case No. 2020065067201 (November 6, 2020). FINRA Public Disclosure shows that Giacobbe […]

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Investors File FINRA Securities Arbitration Claim Against Royal Alliance Associates

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Royal Alliance Associates

Frank Mastrosimone of Basking Ridge New Jersey a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that they had been placed into an unsuitable private investment fund by Mastrosimone while he was […]

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Madison Avenue Securities Accused Of Failure To Supervise

October 08, 2021  |   Posted by :   |   Alternative Investments, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Madison Avenue Securities Accused Of Failure To Supervise

Vincent Anthony Virga (also known as Vincenzo Anthony Virga) of Bayonne New Jersey a stockbroker formerly registered with Madison Avenue Securities LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $495,000.00 in damages based on allegations that Virga provided unsuitable advice to them regarding alternative investments including […]

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National Securities Stockbroker Accused Of Unsuitable Investment Advice

October 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on National Securities Stockbroker Accused Of Unsuitable Investment Advice

Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $200,000.00 in damages founded upon allegations that Lors provided unsuitable recommendations as it pertained to private placements during the […]

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FINRA Securities Arbitration Claim Filed Against Moloney Securities For Suitability

October 08, 2021  |   Posted by :   |   Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on FINRA Securities Arbitration Claim Filed Against Moloney Securities For Suitability

Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct […]

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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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Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

September 16, 2021  |   Posted by :   |   Failure to Conduct Due Diligence, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Arbitration Claim Against Berthel Fisher For Unsuitable Investment Advice

Jonathan Todd Pyne of Plymouth Minnesota a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $116,000.00 in damages based upon accusations of misrepresentation relating to their investments in real estate securities while Pyne was associated […]

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Investors Accuse Cetera Stockbroker Of Unsuitable REIT Purchases

September 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Cetera Stockbroker Of Unsuitable REIT Purchases

Susan Lavon Welo of Mayville North Dakota a stockbroker formerly registered with Cetera Advisor Networks LLC and Securities America Inc. is referenced in a customer initiated investment related written complaint on July 6, 2021 where the customer requested compensation founded on accusations that Welo effected unsuitable real estate investment trust purchases for their account at […]

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Ameriprise Financial Stockbroker Accused Of Misrepresentation

September 16, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Ameriprise Financial Stockbroker Accused Of Misrepresentation

Shawn Elizabeth Parker of Schaumburg Illinois a stockbroker formerly registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on February 12, 2021 where the customer requested $254,336.56 in damages founded on accusations of Parker misrepresenting benefits and features on a living benefit rider on their RiverSource RAVA 5 […]

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Ameriprise Financial Stockbroker Accused Of Breach Of Fiduciary Duty

September 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Elder Financial Abuse, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Ameriprise Financial Stockbroker Accused Of Breach Of Fiduciary Duty

Bryant Edwin Caveness of Kingsport Tennessee a stockbroker formerly registered with Ameriprise Financial Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $230,000.00 in damages supported by accusations of unsuitable trades and breach of fiduciary duty by Caveness when he was associated with Ameriprise […]

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Cetera Stockbroker Accused By Investors Of Unsuitable REIT Sales

September 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Cetera Stockbroker Accused By Investors Of Unsuitable REIT Sales

Jeffrey Gerard Meyers (also known as Jeff Meyers) of Overland Park Kansas a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related written complaint on June 9, 2021 where the customer sought compensatory damages supported by allegations of Meyers’ unsuitable real estate security transactions while he was […]

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