Unsuitable Investment Recommendations

Archive | Unsuitable Investment Recommendations

Kalos Capital Sued For Breach Of Fiduciary Duty

July 12, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Kalos Capital Sued For Breach Of Fiduciary Duty

Christopher John Shaw (also known as Chris Shaw) of Belmont North Carolina a stockbroker of Kalos Capital and investment adviser representative of Kalos Management is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $175,000.00 in damages founded on allegations that Shaw breached a fiduciary duty to the […]

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Investors File FINRA Securities Arbitration Claim Against LPL Financial

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against LPL Financial

Jessica Y. Jung of Palo Alto California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations that Jung made misrepresentations regarding alternative investments that the customer purchased through her while she […]

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Merrill Lynch Stockbroker Sanctioned For Unsuitable UIT Recommendations

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs), Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unsuitable UIT Recommendations

Scott Ryland Mathews of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Mathews providing unsuitable recommendations to customers regarding unit investment trust transactions […]

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Investors File Securities Arbitration Claim Against Madison Avenue Securities For GPB Scheme

July 12, 2021  |   Posted by :   |   Alternative Investments, Elder Financial Abuse, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Madison Avenue Securities For GPB Scheme

Jeffrey Raymond Dixson of Vancouver Washington 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 compensatory damages founded on allegations including elder abuse in regard to alternative investments that had been sold to the customer during the period that […]

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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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Morgan Stanley Terminates Stockbroker For Hiding Customer Complaints

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs), Unsuitable Investment Recommendations   |   Comments Off on Morgan Stanley Terminates Stockbroker For Hiding Customer Complaints

Richard Paul Altieri of Boca Raton Florida a stockbroker and investment adviser representative of Morgan Stanley has been discharged on February 11, 2021 supported by accusations of Altieri failing to report complaints and misusing Morgan Stanley Wealth Management information. Altieri has been identified in four customer initiated investment related disputes regarding allegations of his wrongdoing […]

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Axiom Sued By Investors For Unsuitable Investment Recommendations

July 12, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud, Unsuitable Investment Recommendations   |   Comments Off on Axiom Sued By Investors For Unsuitable Investment Recommendations

Jennifer W. Ling (also known as Jenifer W. Li) of New York New York a stockbroker formerly registered with Axiom Capital Management Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages based upon accusations that Ling provided unsuitable recommendations concerning an alternative investment that […]

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Investors File Securities Arbitration Claim Against LPL Financial Accused For Unsuitable Recommendations

July 12, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against LPL Financial Accused For Unsuitable Recommendations

Nicholas Joseph Travascio III (also known as Nicholas Joseph Tarvash III) of Hurst Texas a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on December 31, 2020 where the customer requested $90,000.00 in damages supported by allegations that they were provided with unsuitable investment recommendations as […]

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Another Worden Capital Stockbroker Investigated For Churning

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Another Worden Capital Stockbroker Investigated For Churning

William Nicholas Athas of Melville New York a stockbroker formerly registered with Worden Capital Management is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator has determined that Department of Enforcement should pursue disciplinary action against Athas for potentially churning investor accounts and for making unsuitable investment recommendations. Case No. […]

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LPL Stockbroker Sanctioned For Unsuitable Recommendations

July 07, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on LPL Stockbroker Sanctioned For Unsuitable Recommendations

Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly registered with LPL Financial LLC has been fined $25,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided customers with unsuitable recommendations relating to a speculative business development company. Letter of […]

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Investors File Arbitration Claim Against Janney Montgomery Scott For Unsuitable Recommendations

July 07, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Janney Montgomery Scott For Unsuitable Recommendations

Christopher David Sinkula of Stuart Florida a stockbroker formerly registered with Janney Montgomery Scott LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $200,000.00 in damages founded on accusations that Sinkula unsuitably allocated the customer in high yield securities including stocks between 2013 and 2020 while […]

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Investors Accuse Waddell Reed Of Unsuitable Investment Recommendations

July 07, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unsuitable Investment Recommendations, Variable Annuites   |   Comments Off on Investors Accuse Waddell Reed Of Unsuitable Investment Recommendations

Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu […]

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GF Investment Services Accused Of Unsuitable Recommendations

July 07, 2021  |   Posted by :   |   Direct Participation Programs, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on GF Investment Services Accused Of Unsuitable Recommendations

Christopher Grant Conness of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is the subject of a customer initiated investment related written complaint on October 20, 2020 where the customer requested $50,000.00 in damages supported by allegations that Conness’ real estate investment trust recommendations were unsuitable for them. According to the […]

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Investors File More Arbitration Claims Against Centaurus Financial For Unsuitable Recommendations

July 07, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File More Arbitration Claims Against Centaurus Financial For Unsuitable Recommendations

Cindy Lucille Porto Chiellini of Lexington South Carolina a stockbroker registered with Centaurus Financial Inc. and JP Turner Company LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $125,000.00 in damages based upon allegations of unsuitable recommendations of a corporate bond and a certificate of […]

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Investors File Securities Arbitration Claim Against Triad Advisors For Breach Of Fiduciary Duty

July 07, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Triad Advisors For Breach Of Fiduciary Duty

Christopher Thomas Tolmacs of Portage Michigan a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $225,000.00 in damages based upon allegations of the violation of securities rules and the breach of fiduciary duty by the stockbroker as it pertained to […]

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Investors File Arbitration Claim Against Geneos Wealth

June 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Geneos Wealth

Joseph Sylvester Sturniolo of Denver Colorado a stockbroker formerly registered with Geneos Wealth Management Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $75,000.00 in damages based upon accusations that Sturniolo provided unsuitable recommendations to the customer as it pertained to a real estate security, […]

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Investors File Arbitration Claim Against Woodbury Financial Services For Bad Investment Advice

June 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Woodbury Financial Services For Bad Investment Advice

Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford Connecticut a stockbroker currently registered with Woodbury Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of the stockbroker’s unsuitable recommendations during the time that he was associated […]

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Investors File Securities Arbitration Claim Against Raymond James For Unsuitable Recommendations

June 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Raymond James For Unsuitable Recommendations

Scott Douglas Williams of Franklin Tennessee a stockbroker formerly registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $125,000.00 in damages founded on accusations that unsuitable stock recommendations had been made by Williams for the customer’s Raymond James Financial Services account. […]

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Worden Capital Stockbroker Investigated By FINRA

June 12, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Worden Capital Stockbroker Investigated By FINRA

John Sebastion Cangialosi of New York New York a stockbroker registered with Worden Capital Management and SW Financial is under a Financial Industry Regulatory Authority (FINRA) investigation in which Cangialosi may face disciplinary action for allegedly making unsuitable recommendations to customers. Case No. 20170564326 (Sept. 15, 2020). According to FINRA Public Disclosure, FINRA recommended for […]

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FINRA Bars LPL Stockbroker In Investigation

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars LPL Stockbroker In Investigation

John Edgar Simmons Jr. of Gulf Breeze Florida a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simmons failed to cooperate with FINRA’s investigation which focused on whether he engaged in unapproved private securities transactions. Letter […]

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Investors Accuse Accelerated Capital Of Unsuitable Recommendations

May 31, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Accelerated Capital Of Unsuitable Recommendations

Wayne Ivan Miiller of Scottsdale Arizona a stockbroker formerly registered with Accelerated Capital Group is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer sought $13,204,427.00 in damages founded on allegations that unsuitable alternative investments were sold to the customer by an Accelerated Capital Group stockbroker under Miiller’s […]

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Investors File FINRA Arbitration Claim Against Four Points Capital

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Arbitration Claim Against Four Points Capital

George Anthony Nikolakakos of New York New York a stockbroker formerly registered with Four Points Capital Partners LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $543,163.00 in damages based upon accusations that Nikolakakos provided unsuitable recommendations to the customer and had caused the customer to maintain […]

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Investors File Securities Arbitration Against PeachCap For Misrepresentation

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Against PeachCap For Misrepresentation

Shelley Long Eddy (also known as Shelley Christie Long and as Shelley Christie Eddy) of Atlanta Georgia a stockbroker formerly registered with PeachCap Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $34,164.99 in damages founded on accusations that Eddy made omissions and misrepresentations to the […]

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Investors Bring FINRA Claim Against Spartan Capital For Unsuitable Recommendations

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Claim Against Spartan Capital For Unsuitable Recommendations

John M. Cullen of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,948.00 in damages based upon accusations that Cullen provided unsuitable recommendations to the customer during the time that Cullen was associated […]

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Investors File Arbitration Claim Against Centaurus For Unsuitable Alternative Investments

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Over Concentration, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Centaurus For Unsuitable Alternative Investments

Bryon Edwin Martinsen of Kings Park New York a stockbroker currently registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,000,000.00 in damages founded on accusations that between November of 2007 and October of 2020, the customer’s account had been invested […]

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Joseph Stone Stockbroker Sanctioned For Excessive Trading

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Joseph Stone Stockbroker Sanctioned For Excessive Trading

Joseph Albert Ambrosole of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Ambrosole recommended unsuitable and excessive transactions in customer accounts. Letter of Acceptance […]

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Investors File Arbitration Claim Against Kovack Securities

May 15, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against Kovack Securities

Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with Kovack Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $75,000.00 in damages supported by allegations that the customer was placed into unsuitable real estate investment trusts by […]

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IFS Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on IFS Stockbroker Charged With Unsuitable Recommendations

Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) with engaging in private securities transactions, making unsuitable recommendations and failing to cooperate with FINRA during the period that he was under investigation. Department of Enforcement v. Steven Douglas Schisler Disciplinary Proceeding […]

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FINRA Charges Woodstock Stockbroker With Obstruction

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on FINRA Charges Woodstock Stockbroker With Obstruction

Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with its investigation into accusations of his solicitation of real estate investment trusts while he was associated with Woodstock Financial Group. Department of Enforcement v. Hugues Guirand Disciplinary […]

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Royal Alliance Sued By Investors For Unsuitable Trading

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Royal Alliance Sued By Investors For Unsuitable Trading

Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that […]

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