Michael Anthony Bastardi of Warwick New York a stockbroker formerly employed by Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Bastardi failed to cooperate with a FINRA investigation into allegations that Bastardi hindered a FINRA investigation concerning accusations that (1)…
David Bruce White of Bloomfield Hills Michigan a stockbroker formerly employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim which was settled to resolve the customer’s accusations that the customers were placed into an unsuitable oil and gas investment and had been induced to purchase the investment by way…
William Louis Baumner IV of Boca Raton Florida a stockbroker formerly registered with Buckman Buckman Reid Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000.00 in damages based upon allegations that the customer was placed into an unsuitable private placement investment while Baumner was associated with the…
Gabriel Block (also known as Gabe Block) of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Block neglected to cooperate with an inquiry FINRA launched into Block’s activities. Case No. 2017052466301…
Donnie Eugene Ingram of Winter Haven Florida a stockbroker associated with Cetera Advisors LLC and Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that Ingram executed unsuitable corporate debt and real estate investment trust trades in the customer’s account. Financial…
Craig Daniel Price of Stuart Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $20,500.00 in damages supported by allegations that (1) misrepresentations or omissions had been made to the customer by Price concerning Cardero Resources equities held in…
Ross Lionel Gordon of Raleigh North Carolina a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 on April 4, 2016 supported by accusations that between 2015 and 2016, the customer was placed into mutual fund investments that were inappropriate…
Jose R. Juanarena Ferrari of San Juan Puerto Rico a stockbroker formerly registered with Popular Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $125,000.00 in damages based upon accusations that Ferrari made inappropriate investment recommendations to the customer concerning the purchases of closed end funds…
Tracy Neal Wengert of Mesa Arizona a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in an Order issued by the Arizona Corporation Commission which revoked Wengert’s securities registration and mandated Wengert pay a $25,000.00 fine and $1,522,400.00 in restitution based upon findings including Wengert’s trading of securities in customers’ accounts without written…
Joshua David Arnold (also known as Josh Arnold) of Edina Minnesota a stockbroker formerly registered with TradingBlock (also known as AOS Inc. and MoneyBlock) is referenced in a customer initiated investment related written complaint which was resolved for $64,500.00 on October 17, 2017 founded on accusations that the customer suffered unwarranted losses on common or…
Michel Rene Lavelanet (also known as Michael Rene Lavelanet) of Garden City New York a stockbroker formerly employed by Woodstock Financial Group Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $699,000.00 in damages based upon accusations that (1) the customer’s account was mishandled by Lavelanet (2) contractual obligations…
Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities of Addison Texas (CRD No. 131392) of is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash…
Douglas Hart Birnie of Herndon Virginia a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on May 17, 2018 where the customer sought more than $5,000.00 in damages based upon allegations that on January 24, 2018: (1) omissions had been made to the customer…
Daniel J. Kempker of Holland Michigan a stockbroker formerly registered with J.J.B. Hilliard W.L. Lyons LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages founded on accusations that unsuitable direct participation program or limited partnership interest products had been sold to the customer which caused the…
Bryan Jeffrey Schon of Bloomfield Hills Michigan a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on December 11, 2017 in which the customer requested unspecified damages supported by accusations that between 2014 and 2016, energy bond transactions effected in the customer’s account were not suitable…
Richard Alan Shotz of Daytona Beach Florida a stockbroker formerly employed by Wells Fargo Clearing Services LLC is the subject of an Order issued by the State of Maryland Securities Division revoking Shotz’s securities registration in the state based upon Shotz’s failure to respond to an Order To Show Cause relating to Shotz’s fine and…
Wayne Fitzgerald Ford of Farmingdale New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim which was settled for $17,000.00 in damages based upon accusations that (1) transactions effected in the customer’s account violated Louisiana Securities Act (2) fiduciary duties to the customer had been…
James Henry Dresselaers of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $255,000.00 in damages founded on allegations that (1) Dresselaers made omissions to the customer concerning the risks of exchange traded funds and (2) Dresselaers gave the customer…
Hortensia Llavat Tilen of San Juan Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages supported by accusations that (1) the firm failed to supervise Tilen’s closed-end funds and municipal debt transactions in the customer’s account…
Phillip Robert Cheney Jr. of Norwell Massachusetts a stockbroker currently registered with Moors Cabot Inc. has been sanctioned by the State of Massachusetts Securities Division based upon findings that Cheney has been subject of customer disputes and has been terminated from at least one securities broker dealer founded on accusations of Cheney’s unsuitable investment transactions…
Ernesto David Ramirez of Coral Gables Florida a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged on April 7, 2017 based upon accusations that (1) Ramirez violated the firm’s policy by mismarking trades in customers account to make them appear as though they were not solicited by customers and (2) Ramirez violated…
Todd Bruning Osing of Peoria Illinois a stockbroker currently employed by Edward Jones is referenced in a customer initiated investment complaint which was settled on June 19, 2018 to resolve accusations that Osing gave the customer unsuitable investment recommendations concerning the sale of mutual funds held in the customer’s investment portfolio. Financial Industry Regulatory Authority…
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…
Ronald Richard Blasczyk of Green Bay Wisconsin a stockbroker currently employed by Wells Fargo Clearing Services LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Blasczyk gave bad investment advice to a customer of the firm. Letter of…
James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No….
Felipe Nery Arrieta of Boca Raton Florida a stockbroker formerly employed by Revere Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages based upon accusations that (1) unauthorized options and mutual fund trades were executed in the customer’s account (2) contractual obligations to the customer…
Patrick Jude Esparrago of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on February 17, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between June of 2014 and December of 2015: (1) the customer…
William David Hobby of Atlanta Georgia a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on September 18, 2018 supported by accusations that (1) Hobby violated the firm’s customer complaint policy by neglecting to apprise the firm that he was subject of a customer initiated investment related complaint and…
Peter Michael Malis of Woodland Hills California a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related complaint on December 7, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while Malis was associated with Wells Fargo: (1) Malis executed unsuitable closed-end…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate…
Brian Lawrence Stephan of Xenia Ohio a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement based on findings that (1) Stephan gave the customer unsuitanble investment…
Sean P. McCabe of Melville New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim which was settled for $17,500.00 in damages based upon accusations that between May 17, 2017 and September 28, 2017: (1) inappropriate investment recommendations had been made to the…
Patrick Nicholas Teutonico of Seaford New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $145,000.00 in damages based upon accusations that (1) Teutonico effected unsuitable transactions in the customer’s account and (2) Network 1 Financial Securities…
Richard Marvin Muhlberg of Cherry Hill New Jersey a stockbroker formerly employed by Sigma Financial Corporation and Sigma Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer was awarded $17,900.00 in compensatory damages based upon Muhlberg being found liable on the customer’s claims that (1) real estate investment trust…
Apostolos Nicholas Papadea of Columbia South Carolina a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on January 17, 2017 based upon allegations of (1) omissions and misrepresentations being made to the customer concerning the risks of mutual funds…
Nicholas Brent Maddox of Laguna Niguel California a stockbroker formerly registered with TCFG Wealth Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26,…
Stephen Paul Courtney of Pasadena California a stockbroker currently employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim where the customer sought $238,050.00 in damages supported by accusations that (1) transactions were effected in violation of the securities laws of the State of California (2) misrepresentations and…
James Samuel Mewhinney III of Dallas Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on November 19, 2018 in which the customer requested $550,000.00 in damages based upon accusations that while Mewhinney was associated with Morgan Stanley: (1) Mewhinney effected trades in the customer’s…
Nicholas Sabellico of Fort Lauderdale Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer requested $25,413.00 in damages supported by accusations that between 2015 and 2017: (1) transactions executed in the customer’s account were in no way appropriate for…
Franklin Hamilton Reynolds of Charlotte North Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on October 22, 2018 based upon the firm’s allegations that Reynolds engaged in suspicious activities concerning unit investment trusts while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Bassam S. Salem of Birmingham Michigan a stockbroker formerly registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim that settled for $50,000.00 supported by accusations that between January of 2011 and February of 2017: (1) poor investment recommendations were made to the customer concerning over the counter equities…
Leonard Joseph Marzocco of Melville New York a stockstockbroker formerly registered with Rockwell Global Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $10,500.00 in damages supported by accusations that (1) Marzocco breached his fiduciary duties to the customer (2) Marzocco misrepresented the terms and conditions of over-the-counter…
John Joseph Birkhauser of Lake Forest Illinois a stockstockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages founded on allegations that (1) misrepresentations had been made concerning the terms or risks of the limited partnership interests sold…
Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly employed by Feltl Company is the subject of a customer initiated investment related written complaint on December 24, 2018 in which the customer sought $10,000.00 in damages supported by allegations that the customer was inappropriately invested in over-the-counter equities because of those investments failing…
Gerard Joseph Costello of New York New York a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint on December 26, 2018 in which the customer sought damages estimated to exceed $5,000.00 founded on allegations that misrepresentations had been made to the customer concerning risks of an…
Patrick Thomas Donohue of New York New York a stockbroker formerly employed by UBS Financial Services Inc. has been terminated on December 7, 2018 founded on the firm’s accusations that Donohue failed to make required disclosures to the firm concerning his legal affairs; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public…
Glen Joseph Webster of Appleton Wisconsin a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint which settled for $145,000.00 on March 14, 2017 based upon allegations that the customer was not provided adequate information concerning the costs of disengaging an outside money manager’s covered call…
Lisa Ann Detanna of Beverly Hills California a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on January 22, 2019 in which the customer requested $100,000.00 in damages supported by allegations that common and stock transactions executed in the customer’s account were not suitable…
Matthew John Quall of Northfield Illinois a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on January 23, 2019 in which the customer requested unspecified damages supported by allegations that the customer’s account profile had been misrepresented leading to speculative and inappropriate futures commodity…
Bryan Edwin Benson of Tucson Arizona a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim in which the customer requested $218,257.00 in damages based upon allegations that unsuitable stock transactions had been effected in the customer’s account by Benson while he was associated with…
Stephen Allen Sylvester of Groton Connecticut a stockbroker currently associated with CUNA Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on April 22, 2016 where the customer sought $40,000.00 in damages supported by accusations that (1) Sylvester failed to make disclosures to the customer about the penalties of surrendering a…
Halifax America LLC a brokerage firm headquartered in Sherman Oaks California has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that the firm neglected to create and implement supervision systems with a view towards ensuring brokers’ transactions in customer accounts had been properly reviewed by the firm…
Randall Lee Wilbanks of Oklahoma City Oklahoma a former executive of Wilbanks Securities Inc. has been named in a customer initiated investment related arbitration claim in which the customer sought $290,000.00 in damages based upon accusations that Wilbanks was responsible for (1) making omissions or misrepresentations concerning the risks pertaining to real estate security and…
Dennis Daniel Herrera of New York New York a stockbroker formerly associated with Blackbook Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $14,500.00 in damages based upon allegations that equity transactions effected in the customer’s account were not suitable for the customer. Financial Industry Regulatory Authority (FINRA)…
Tom Abel Puentes of Woodland Hills California a stockbroker formerly associated with Kestra Investment Services has been terminated on May 7, 2018 based upon accusations that Puentes possibly failed to conform to Kestra Investment Services LLC policies by concealing that at least one customer complained about his activities. This is not the first time that…
William David Nelson of New York New York a stockbroker formerly registered with Meyers Associates L.P. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Nelson failed to comply with a FINRA investigation into accusations that he effected excessive and unsuitable trades in a…
Gregory Dehrmann Miseyko of Boca Raton Florida a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which was settled on January 14, 2019 to resolve accusations that the customer’s assets were placed in inappropriate investments within the customer’s managed accounts. Financial Industry Regulatory…
Joseph Alan Marshall of Dallas Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $100,000.00 on October 19, 2016 based upon allegations Marshall mismanaged the customer’s investment account and placed the customer in direct investments that failed to conform…
James Bradley Schwartz (also known as Jim Schwartz) of New York New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Schwartz excessively traded and churned customers’ accounts and (2) Schwartz engaged in deceptive and fraudulent activities…
Roberto Alexandro Blanco of El Paso Texas a stockbroker formerly employed by Investors Capital Corporation is the subject of a customer initiated investment related written complaint which settled for $43,000.00 in damages on February 2, 2018 based upon accusations that (1) Blanco placed the customer in real estate security investments that were not appropriate for…
Ganesh Iyer (also known as Ganesh Ramachandran) of Houston Texas a stockbroker formerly registered with Morgan Stanley has been named in a customer initiated investment related arbitration claim in which Iyer and Morgan Stanley were ordered by a FINRA Arbitration Panel to pay $54,954.04 in compensatory damages to the customer based upon the Panel finding:…
Ghalib Abdulla Kanji of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $2,000,000.00 in damages founded on allegations that (1) investment recommendations made to the customer were not suitable and (2) misrepresentations had been made to…
Keith Edwin Downard of Canfield Ohio a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related complaint which settled for $51,242.45 in damages on April 8, 2016 supported by allegations that misrepresentations had been made to the customer concerning the risks of mortgage-related asset-backed debt investments purchased…
Steven Michael Roffman of Jacksonville Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on March 22, 2016 supported by accusations that (1) Roffman inappropriately solicited one or more customer’s investments in leveraged and inverse ETF investments (2) Roffman traded in customer accounts without written authorization from the…
Menard Sanford Schwartz of Chicago Illinois a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which settled for $61,883.00 on January 10, 2017 founded on accusations that investment recommendations made to the customer were not suitable concerning over-the-counter equities held in their…
William Howard Desser of Los Angeles California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $1,300,000.00 in damages founded on accusations that (1) Desser effected unauthorized transfers of funds from the customer’s account (2) Desser utilized the customer’s assets impermissibly…
Michael John Rappa of San Diego California a broker formerly employed by Foresters Equity Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rappa failed to cooperate with FINRA personnel who had been investigating Rappa’s possible unauthorized private securities transactions….
Thomas Earl Wilkinson III of Mesa Arizona a stockbroker formerly registered with J.P. Turner Company LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $32,500.00 in damages supported by accusations that the customer was placed in unsuitable corporate debt products including Puerto Rico bonds and Brogdon bonds. Financial…
Salman Rasheed of Skokie Illinois a broker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rasheed took advantage of an elderly investor with dementia who provided Rasheed $390,045.00 in gifts while Rasheed was associated with the…
Accelerated Capital Group a brokerage firm headquartered in California has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm’s brokers: (1) executed unauthorized trades in customer accounts (2) sold customers investments that were not suitable for them and (3) executed trades in customer accounts on an excessive…
Dana Harold Nelson of Ann Arbor Michigan a stockbroker currently registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on July 11, 2016 in which the customer requested $38,858.76 in damages supported by accusations that the customer’s purchase of Inland American Real Estate Investment Trust was not appropriate…
Brandon Boyd Hanna of Minneapolis Minnesota a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 17, 2018 in which the customer sought $350,000.00 in damages founded on accusations that (1) the customer’s account was churned and (2) stock, mutual funds and exchange traded funds…
William Bruckner of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bruckner mismarked customer order tickets by claiming that the transactions were not solicited when they were actually solicited by…
Paul Gordon of Paramus New Jersey a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related written complaint which was settled for at least $5,000.00 on January 31, 2018 based upon accusations that the customer was provided unsuitable investment recommendations concerning the purchase of municipal bonds despite…
Michael Fasciglione of Mineola New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $467,000.00 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached and (2) real estate security transactions effected in the customer’s…
Stephen Brown of Fort Lauderdale Florida a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 29, 2016 in which the customer requested more than $5,000.00 in damages based upon allegations that (1) the customer’s assets were not appropriately diversified and (2) overly speculative mutual…
Michael Alejandro Castillero of New York New York a stockbroker formerly employed by Alexander Capital has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Castillero failed to testify in a FINRA investigation into accusations of (1) Castillero making unauthorized trades in a…
Barbara Ann Endres of Grand Junction Colorado a stockbroker formerly registered with Wells Fargo Advisors LLC and investment adviser representative of Lifetime Wealth Advisors LLC has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940 Section 203(f) containing findings…
Caeron Arlington McClintock of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that McClintock failed to provide FINRA with information that was requested of him. Case No. 2016051468601 (Nov. 6, 2017)….
Carroll Thomas Clark Jr. (also known as Tom Clark) of Miami Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) investment recommendations concerning real estate securities were not suitable for the customer…
Mirsad A. Muharemovic of Coram New York a stockbroker currently employed by Arive Capital Markets is referenced in a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages founded on allegations that stock transactions executed in the customer’s account were not suitable for the customer given the customer’s objectives for investing….
Jordan John Boyle of Saratoga Springs Utah a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 23, 2019 in which the customer requested $10,000.00 in damages founded on accusations that between September 10, 2014 and January 18, 2019, the customer was provided unsuitable…
William Charles Schumann of Wheaton Illinois a stockbroker currently employed by H. Beck Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $63,000.00 in damages based upon accusations that Schumann made poor investment recommendations to the customer concerning mutual funds as well as a variable annuity and non-traded real…
Dale Edward Wright of Henrico Virginia a stockbroker currently registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $112,164.00 in damages supported by accusations that (1) trades executed in the customer’s account were not suitable for the customer (2) fiduciary duties were breached…
James Walter Barrett of Red Bank New Jersey a broker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on accusations that while Barrett was associated with the firm: (1) the costs and fees of investments purchased by the…
Anthony N. Macaluso of Floral Park New York a stockbroker formerly employed by Capital One Investing LLC is referenced in a customer initiated investment related written complaint on January 4, 2017 in which the customer requested unspecified damages supported by accusations that the customer’s managed wrap account held investments that were not suitable for the…
Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that (1) Orlando made unsuitable investment recommendations to an elderly customer and…
Imran Nazir Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly employed by Lincoln Financial Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 based upon accusations that Razvi or another broker made unsuitable investment recommendations to the customer concerning…
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that registered representatives of Edward Jones including Bruce Stanley Jakiel, Derek Strubel, John Burton Enoch Cestia II, Leslie Greenman and Tahnee Allman have been terminated by the firm founded on Edward Jones’ allegations of their violative conduct while they were employed by the firm. Bruce Stanley Jakiel…
Frederick Michael Miller of Flint Michigan a stockbroker formerly registered with Ameriprise Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Miller failed to report to FINRA whether he complied with a settlement agreement or an arbitration award. Case No….
Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages supported by accusations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) the…
Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not…
Christopher Matthew Keeler Sr. of Stamford Connecticut a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $542,000.00 in damages based upon allegations that (1) unauthorized oil and gas, mutual fund and equity trades were effected in the customer’s account (2)…
Steven Wayne Vance of Newtown Pennsylvania a stockbroker currently registered with Boenning Scattergood Inc. is referenced in a customer initiated investment related complaint involving Vance’s activities that was settled on February 27, 2018 for $9,138.67 in damages based upon accusations that (1) the customer’s portfolio was allocated in unsuitable mutual fund investments given the customer’s…
Robert Ian Siegel of Boca Raton Florida a stockbroker currently registered with Southeast Investments NC Inc. is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $14,482.00 in damages based upon findings that while Siegel was associated with Southeast Investments NC Inc: (1) Siegel failed to inform the customer…
Richard Barry Haynes of Columbus Georgia a stockbroker formerly registered with Securities America Inc. is referenced in a customer initiated investment related written complaint on September 13, 2018 where the customer sought $13,180.00 in damages founded on allegations that the customer’s funds had been inappropriately allocated in speculative equities investments which led the customer to…
Christopher Vincent Paul of Mineola New York a stockbroker formerly registered with Joseph Stone Capital L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Paul failed to comply with FINRA’s request for information potentially relating to Paul’s employment separations after being subject of…
Robert L. Friederich of Lake Zurich Illinois a stockbroker formerly registered with Edward Jones is the subject of a customer initiated investment related complaint which was settled on September 22, 2017 for $18,827.28 in damages founded on allegations that Friederich made inappropriate investment recommendations concerning the customer’s sale of mutual funds and purchase of single…
Donald Joseph Coleman of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Coleman obstructed a FINRA inquiry into his activities which possibly concerned his termination from Citigroup Global…
David Lane Gabay of Tarrytown New York a stockbroker currently employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on September 12, 2018 in which the customer sought $52,500.00 in damages based upon accusations that Gabay was placed into a variable annuity that was not suitable for the customer…
Luis Currais Lopez of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $65,000.00 in damages supported by accusations that (1) fiduciary duties were breached (2) the customer was falsely induced into inaction upon discovering volatility in the customer’s…
Paul Dennis Benish of Janesville Wisconsin a stockbroker formerly employed by BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related complaint on September 23, 2016 where the customer sought $44,000.00 in damages based upon allegations that (1) the terms and conditions of a variable annuity investment sold to the customer had…
James Francis Lowe of New York New York a stockbroker and supervisor currently registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages founded on accusations that Lowe failed to supervise one of the firm’s financial advisors servicing the customer’s account who…
Gary T. Plessl of Allentown Pennsylvania a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim on February 28, 2017 where the customer sought $250,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning the customer’s investments in variable annuities and…
Sebastian George Bongiovanni of Staten Island a stockbroker currently employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $91,000.00 in damages supported by accusations that (1) investment recommendations made to the customer were not suitable (2) unauthorized trades were executed in the customer’s account (3)…
Scott Mass of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages based upon accusations that (1) contractual obligations were breached (2) the customer’s account was handled negligently (3) fiduciary duties had been…
Julie Ann Smith of Durham North Carolina a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint which was resolved on November 16, 2018 for $115,966.29 in damages supported by allegations that Smith utilized an unsuitable market-timing investment strategy involving non-traditional investments which included (1) derivatives…
Marilyn Ruth Zehntner of Forth Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages founded on allegations that fiduciary duties owed to the customer had been breached; trades effected in the customer’s account were not…
Izhar Shefer of Aventura Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages founded on accusations that Shefer engaged in unsuitable trading of options and equities in the customer’s managed account between 2011 and 2017. Financial Industry Regulatory…
Jorge A. Reyes of Miami Florida a stockbroker formerly registered with CP Capital Securities has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that between May of 2013 and August of 2016, Reyes (1) utilized misleading materials to market private placements (2) advised a customer to purchase a private placement that…
Carlos Aurelio Alvarado of Houston Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on November 8, 2018 where the customer sought unspecified damages supported by accusations that between 2005 and 2018, Alvarado executed corporate debt transactions in the customer’s account that were not suitable for…
Ronald Jason Payne of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged by the firm on November 16, 2018 based upon accusations that (1) Payne neglected to abide by Voya Financial Advisors Inc. know your customer rules when establishing new customer accounts at the firm and (2) Payne…
Brad Roger Nettune of Summit New Jersey a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $6,000,000.00 in damages based upon accusations that (1) the customer’s account was churned and (2) unsuitable over-the-counter equities recommendations were made…
Scott Allen Edwards of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which customers were awarded $13,652.29 in compensatory damages based on Edwards having been found liable on the customers’ claims that (1) Edwards negligently transacted in the customers’ accounts…
Timothy Joseph Trott of Erie Pennsylvania a stockbroker formerly employed by UBS Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer sought $170,000.00 in damages supported by accusations that Trott executed a highly risky investment strategy for the customer’s investment account and placed the customer in unsuitable…
Daniel Stephen Snodgrass of Cherry Hill New Jersey a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on September 26, 2016 based upon accusations that Snodgrass violated multiple policies of UBS Financial Services by failing to undertake the required due diligence process in reference to the establishment of a…
Susan E. Regan (also known as Susan Marie Eustace) of Westfield New Jersey a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $140,000.00 in damages founded on allegations that (1) misrepresentations and omissions were made in regard to…
Francine Louise Foerst of Goshen New York a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related written complaint on March 6, 2017 in which the customer sought $27,000.00 in damages supported by accusations that the customer was placed in inappropriate stock positions between January of 2015…
Calvin Georges Zara of Ojai California a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on March 6, 2017 supported by allegations that (1) Zara engaged in outside business activities that had not been approved by Pruco Securities LLC (2) Zara neglected to complete the appropriate suitability forms for customers…
Kevin Richard Wilson of New York New York a stockbroker formerly employed by Laidlaw & Company (UK) Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $2,000,000.00 in damages supported by accusations that between 2010 and 2017, private placements sold to the customer were not appropriate. Financial Industry Regulatory…
Sandlapper Securities LLC a broker dealer headquartered in Greenville South Carolina and Trevor Gordon (its majority owner and Chief Executive Officer) and Jack Bixler (its Chief Executive Officer) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that (1) Sandlapper Securities…
Mark Joseph Flanagan of Highland Park Illinois a stockbroker formerly registered with Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Flanagan obstructed a FINRA investigation into his alleged unauthorized and unsuitable transactions. Letter of Acceptance Waiver and…
William Joseph Dumchus of Westfield New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related arbitration claim where the customer requested at least $350,000.00 in damages supported by accusations that between 2006 and 2017, Dumchus placed the customer in an inappropriate stock-based investment strategy. Financial…
Gary Kahn Stern of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 24, 2018 where the customer requested unspecified damages based upon accusations that between August 14, 2017 and October 24, 2018, the customer’s investment…
The Financial Industry Regulatory Authority released its 2018 Examination Report, showing the areas in which the regulator has taken some form of enforcement action against brokerage firms to prevent them from taking advantage of their customers, and to “better protect investors and maintain the integrity of the markets.” The Recommendation of Unsuitable Investments First, on…
Walter James Keating of Indian Wells California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint on April 25, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that (1) Keating omitted information from the customer in regard to the customer’s…
David Thomas Pawloski of Princeton New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on October 25, 2017 supported by allegations that between February of 2017 and April of 2017: (1) unauthorized transactions were placed in the customer’s account…
Michael Montelli of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is referenced in a customer initiated investment related written complaint on April 11, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations that (1) margin was utilized without the customer’s permission (2) unauthorized…
James D. Parises of Henderson Nevada a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that Parises sustained unwarranted investment losses on equities held in the customer’s account. Financial Industry Regulatory Authority (FINRA)…
Ross Adam Barish of Mineola New York a stockbroker currently registered with Joseph Stone Capital L.L.C. is referenced in a customer initiated investment related arbitration claim which was resolved for $14,900.00 supported by accusations that (1) Barish breached his contractual obligations to the customer (2) Barish executed over-the-counter equities transactions in the customer’s account that…
David Phillip Brandt of Saint Louis Missouri a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint in which the customer sought damages estimated to exceed $5,000.00 in damages supported by allegations that Brandt had improperly steered the customer into investing in speculative master limited partnership…
Sandra Benain McKoy of Lauderdale Lakes Florida a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $50,000.00 in damages supported by accusations that McKoy (1) poorly advised the customer concerning mutual fund and variable annuity products and (2) placed unsuitable transactions in…
Robert Michael Henrici of Coral Springs Florida a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related written complaint which settled for $20,000.00 on July 3, 2017 founded on accusations that Henrici placed an inappropriate insurance rider on the customer’s variable annuity. Financial Industry Regulatory Authority (FINRA)…
John Scott Simoncic of Reno Nevada a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Simoncic made exchange traded fund recommendations that were not suitable for customers (2) Simoncic effected excessive exchange traded…
Jody Bryant Bowers of Abilene Texas a stockbroker formerly registered with Lowell Company Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $6,000,000.00 in damages founded on allegations that (1) Bowers overconcentrated the customer’s assets in exchange traded funds over a six year period by failing to adjust the…
Ollie Baldwin Harris III of Houston Texas a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint which settled for $15,000.00 in damages on October 30, 2017 based on accusations that from July 21, 2011 to July 28, 2017, Harris failed to follow the…
Kenneth Paul Mulvaney of Norwell Massachusetts a stockbroker formerly employed by MHA Financial Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Mulvaney failed to cooperate with FINRA’s information requests. Case No. 2016050424501 (Aug. 21, 2017). FINRA Public Disclosure reveals that Mulvaney was…
Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who…
Timothy Luke Wynne of Minnetonka Minnesota a stockbroker currently employed by Feltl Company is referenced in a customer initiated investment related arbitration claim where the customer sought $441,306.00 in damages based upon accusations that between February of 2014 and June of 2016: (1) fiduciary duties owed to the customer had been breached (2) unauthorized stock…
William Aubrey Morrow of San Diego California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon accusations that (1) unregistered tenant in common investments had been sold to the customer (2) the customer’s account transactions lacked…
Joseph Peter Colell Jr. of Westborough Massachusetts a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on July 20, 2018 based upon allegations that Colell violated the firm’s conduct policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Colell has been identified in five customer initiated investment related…
Michael Harry Applebaum of Marlton New Jersey a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related written complaint on July 30, 2018 in which the customer sought $15,000.00 in damages supported by accusations that the customer’s risk tolerance was not considered when Applebaum made over-the-counter equities recommendations…
Todd Joseph Thompson of Atlanta Georgia a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages supported by allegations that (1) Thompson executed transactions in the customer’s account that were not suitable for the customer and (2) SunTrust Investment…
Gary Jesse Deardorff of Peoria Arizona a stockbroker formerly employed by National Planning Corporation is the subject of a customer initiated investment related written complaint on February 28, 2017 in which the customer sought damages estimated to exceed $5,000.00 in damages founded on allegations that Deardorff executed unsuitable mutual fund and equity transactions in the…
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…
Ryan Christopher Faley of Huntington Station New York a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim that settled for $29,750.00 in damages based upon allegations that Faley made equity investment recommendations to the customer that were not suitable. Financial Industry Regulatory Authority (FINRA) Arbitration…
John Thomas Guzy of Morristown New Jersey a stockbroker formerly employed by Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by allegations that between 2012 and 2015, the customer was placed in municipal debt investments that were not suitable for…
Richard Stephen Hughes of Wilmington Illinois a stockbroker formerly employed by Summit Brokerage Services Inc. has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable recommendations to customers regarding mutual fund and unit investment…
Stephen Hurtuk of Boardman Ohio a stockbroker formerly registered with Stifel Nicolaus Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his unsuitable investment recommendations to customers. Letter of Acceptance…
Robert Wade LaPietra of New York New York a stockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer requested unspecified damages founded on accusations that LaPietra employed an investment strategy for the customer’s account between June of 2014 and March of 2016…
Andrew Jack Cohen of Cherry Hill New Jersey a stockbroker currently employed by Questar Capital Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages founded on allegations of (1) breach of fiduciary duty (2) violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law…
Clarence L. McGill of Palm Beach Gardens, Florida, a stockbroker formerly employed by GWN Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s requests in an investigation into allegations of McGill’s potential unsuitable investment recommendations…
Michael Eric Bourke of Florham Park New Jersey a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on April 30, 2018 in which the customer requested $115,000.00 in damages based upon allegations that the customer’s assets were allocated in an equity position that was not…
Henry S. Veit (also known as Hank Veit) of Manlius New York a stockbroker formerly employed by Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on accusations of suitability and breach of fiduciary duty pertaining to the customer’s municipal…
James Willard Clark of Dallas Texas the owner and president of Worth Financial Group Inc. is referenced in a customer initiated investment related arbitration claim that has been resolved for $160,000.00 in damages supported by accusations of suitability in reference to defined payment income stream agreements. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02720 (Apr….
Anthony Edward Dacruz of New York New York a stockbroker currently registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages based upon allegations that the customer was placed into municipal debt products between December of 2012 and August of 2017…
Paul Edward Soll of Los Angeles California a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he declined to cooperate with FINRA in an investigation into accusations of Soll’s unsuitable investment recommendations and churning…
William Townley Koenig III of Spring Hill Florida a stockbroker currently employed by J.W. Cole Financial Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that the customer’s assets were placed in speculative stock positions that were not suitable for the customer. Financial…
William Weaks Brennan of Chesterfield Missouri a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $22,978.25 in damages supported by accusations that equity transactions were executed in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority…
Richard Albert Seefried of Centennial Colorado a stockbroker formerly employed by Spencer Edwards Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to customers concerning convertible notes. Letter of Acceptance Waiver and Consent…
Scott David Curtis of Great Neck New York a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon accusations that (1) misrepresentations and omissions had been made to the customer and (2) unsuitable mutual…
Andrew Jay Lowe of Centre Alabama a stockbroker formerly employed by Sterne Agee Financial Services LLC has been fined $20,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations. Letter of Acceptance Waiver and Consent…
Steven Roland Knuttila of Pernam Minnesota a stockbroker formerly registered with Capital Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Knuttila failed to cooperate with a FINRA investigation into allegations of his unsuitable investment recommendations. Letter of Acceptance…
John Cornelius Troutman Jr. of Beaufort South Carolina a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 26, 2018 where the customer alleged unsuitable investment recommendations to have been made to the customer between September 1, 2014 and February 26, 2018….
John Robert Morris of Warren New Jersey a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,300,000.00 in damages founded on allegations that between 2011 and 2015, energy sector investments and municipal bonds had been misrepresented to the customer…
Kevin James Palmer of Scottsdale Arizona a stockbroker formerly registered with First Allied Securities Inc. has been discharged by the firm on February 6, 2018 founded on accusations that Palmer violated the firm’s policies by placing trades in two customer accounts on a discretionary basis without first procuring written authorization from the customer and First…
Dennis Albert Mehringer Jr. of Passadena California a stockbroker formerly registered with Western International Securities Inc. has been fined $50,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that Mehringer made unsuitable recommendations to…
Eugene Lee Webb of Salem Oregon a stockbroker formerly employed by GVC Capital LLC is the subject of a customer initiated investment related written complaint on March 20, 2018 where the customer sought $160,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer (2) unsuitable equity and direct investment product…
Brian John Hussey Jr. of Tampa Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a customer and falsified Ameriprise’s records and books….
Andrew H. Bloom of Chicago Illinois a stockbroker currently registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages founded on allegations that (1) unsuitable investment recommendations had been made to the customer concerning master limited partnerships and oil…
Jeffrey Scot Nimmow of Chicago Illinois a stockbroker employed by Forest Securities Inc. has been discharged by the firm on March 6, 2018 based upon allegations that Nimmow (1) sold securities without being registered (2) failed to make required disclosures to the firm (3) failed to procure necessary customer account information prior to establishing an…
Daniel Lawrence Polansky of Albany New York a stockbroker employed by Wells Fargo Clearing Services has been discharged by the firm on February 27, 2018 based upon allegations that Polansky executed approximately the same investment strategy for customers with various financial circumstances while effecting transactions in customers’ accounts that reflected the same investments that Polansky…
Ronald Harris Rothchild of Garden City New York a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm and its advisory affiliate on April 8, 2016 supported by allegations that Rothchild (1) placed trades in a customer’s investment account that were neither suitable nor authorized by the customer and…
Michael Lee Canney of Des Moines Iowa a stockbroker currently employed by Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations that unsuitable investment recommendations had been made to the customer for the customer’s managed account between 2007 and 2017….
Philip Orezio Fatta of New York New York a stockbroker formerly registered with Blackbook 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 consenting to findings that he executed unsuitable trades in customer’s investment accounts. Letter of Acceptance,…
Alan Dean Schmidgall of Jersey City New Jersey a stockbroker currently employed by Geneos Wealth Management Inc. is referenced in a customer initiated investment related written complaint which was resolved for $16,147.71 in damages based upon allegations that investment recommendations made to the customer were not suitable. FINRA Public Disclosure confirms that Schmidgall has been…
Karl Horace Romero of Santa Ana California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon accusations that the customer received recommendations that were not suitable concerning limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No….
David Wayne Woolford of Philadelphia Pennsylvania a stockbroker formerly registered with J.P. Morgan Securities LLC is the subject of a customer initiated investment related written complaint which settled on July 28, 2017 for $9,998.46 in damages based upon allegations that between October 1, 2013 and March 15, 2017, the customer was placed in a common…
Marshall Owen Isaacson of Boca Raton Florida a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $92,000.00 in damages based upon allegations that over-the-counter equities transactions had been placed in the customer’s account that were not suitable for the customer. Financial Industry…
Robert Scott Ginsberg of Wallingford Connecticut a stockbroker formerly employed by Woodbury Financial Services is the subject of a customer initiated investment related arbitration claim where the customer sought $1,100,000.00 in damages founded on allegations that unsuitable real estate investment trust and oil and gas transactions were executed in the customer’s account. Financial Industry Regulatory…
Glenn Smith Feldman of Hartford Connecticut a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 28, 2016 where the customer alleged that unsuitable investment recommendations had been made concerning variable annuity products. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally…
Bobby Kyle Cowand of Austin Texas a stockbroker formerly registered with Cary Street Partners is the subject of a customer initiated investment related complaint which was resolved for $20,000.00 in damages on February 18, 2016 supported by accusations that unsuitable equity transactions were executed in the customer’s account between August of 2014 and February of…
Stephen Lowell Takowsky of Beverly Hills California a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $95,032.00 in damages based upon accusations that unsuitable equity and direct investment product transactions were effected in the customer’s account between December of 2014 and November…
Simon Michael Mundlak of Miami Florida a stockbroker formerly registered with Ladenburg Thalmann Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $5,000.00 in damages based upon allegations that equity investment recommendations were not suitable for the customer and an inappropriate strategy for equity trading was executed…
Robert Phillip DiBella of Melbourne Florida a stockbroker formerly registered with MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 28, 2016 where the customer alleged that DiBella inappropriately advised the customer to buy an equity indexed annuity. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
John Stephen Pronovost of Watertown Connecticut a stockbroker currently registered with Cambridge Investment Research Inc. has been referenced in a customer initiated investment related written complaint on March 8, 2018 in which the customer requested $26,044.79 in damages based upon accusations that misrepresentations had been made to the customer and mutual fund transactions were executed…
David Kyle Ridenour of Edmond Oklahoma a stockbroker currently registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by accusations that Ridenour effected speculative bond and stock transactions in the customer’s account between 2015 and 2016 that…
Walter M. Stucker of Forth Worth Texas a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint in which the customer requested $632,907.00 in damages supported by accusations that between July 27, 2011 and December 18, 2017, oil and gas limited partnership transactions were placed…
William Stoddard Valentine of Philadelphia Pennsylvania a stockbroker formerly registered with Wells Fargo Advisors LLC was the subject of a customer initiated investment related complaint which settled on December 19, 2016 for $5,000.00 in damages supported by accusations that (1) the customer’s assets were not diversified (2) the customer’s assets were over-concentrated in master limited partnerships…
Brian Joseph Panfil of New Woodstock New York a stockbroker formerly registered with Ridgeway & Conger Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Panfil executed unauthorized trades in the customer’s account and placed…
William George Brunner of Huntington New York is a stockbroker and securities principal formerly registered with Investment Planners Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he traded…
James Gerard Sparacino of Woodbury New Jersey is a stockbroker currently registered with Trident Partners Ltd. who is the subject of a customer initiated investment related arbitration claim where the customer sought $40,489.00 in damages supported by accusations that stock transactions were placed in the customer’s account that were not suitable for the customer. Financial…
Norman Gary Price of Gig Harbor Washington is a member of RP Capital LLC who is the subject of customer initiated investment related arbitration claim in which the customer requested $700,000.00 in damages supported by accusations of (1) suitability (2) conflict of interest (3) misrepresentation and (4) supervisory failures concerning the use of the customer’s…
Scott William Palmer of Hackensack New Jersey is a stockbroker formerly registered with Janney Montgomery Scott LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to make an appearance before FINRA personnel and testify in regard to allegations…
David Jonathan Bolton of Bowling Green Kentucky is a stockbroker formerly registered with Signator Investors Inc. who is the subject of a Financial Industry Regulatory Authority (FINRA) Complaint alleging that Bolton executed unsuitable transactions in customer accounts and mismarked customer order tickets. Department of Enforcement v. David JC Bolton Disciplinary Proceeding No. 2016049775701 (Apr. 12,…
Chuck Correal of Upper Saint Clair Pennsylvania is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim in which the customer alleged that equity transactions were effected in the customer’s account between 2009 and 2016 that were not suitable for the customer. Financial Industry Regulatory…
John Joseph Raleigh Jr. of Minneapolis Minnesota is a stockbroker currently registered with Summit Brokerage Services Inc. who is the subject of a customer initiated investment related written complaint on November 7, 2017 where the customer sought $600,000.00 in damages based upon allegations of unsuitability relating to the customer’s investment in real estate security and…
Brian John Bogart of McLean Virginia is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested $25,711.11 in damages supported by accusations that unsuitable transactions were placed in the customer’s in-house money manager account between 2015 and 2016. Financial Industry Regulatory…
Malcolm Douglas MacLennan of Los Angeles California is a stockbroker formerly registered with Oppenheimer and Co. Inc. who is the subject of a customer initiated investment related written complaint on September 12, 2016 in which the customer sought more than $5,000.00 in damages founded on accusations that the customer’s assets were invested in unsuitable equity…
Ernest James Cox of La Quinta California is a stockbroker formerly registered with Commonwealth Financial Network who is the subject of a customer initiated investment related written complaint which settled on November 28, 2016 for $15,000.00 in damages founded on allegations that the customer’s funds according to an options and equities strategy that was not…
Elliot Hough Sherer of Melville New York is a stockbroker currently registered with Aegis Capital Corp. who is the subject of a customer initiated investment related written complaint which settled for $8,000.00 in damages founded on allegations that (1) the customer’s margin account was excessively utilized (2) unsuitable investment recommendations were made to the customer…
David Henry Niswonger of South Bend Indiana is a stockbroker currently registered with Raymond James and Associates who is the subject of a customer initiated investment related arbitration claim that settled for $52,000.00 in damages founded on accusations including (1) violation of federal securities laws (2) violation of National Association of Securities Dealers (NASD) and…
Matthew Singer of Aventura Florida is a stockbroker formerly registered with Morgan Stanley who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to testify in a FINRA investigation into allegations of his unsuitable investment recommendations to customers. Letter of…
Mark Jude Ketner of New York New York is a stockbroker currently registered with Maxim Group LLC who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment trust recommendations to customers. Letter of Acceptance Waiver…
Peter Brian Voldness of Bloomington Minnesota is a stockbroker formerly registered with Emergent Financial Group Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages based upon allegations that the customer’s assets were inappropriately concentrated in private placement securities issued by Cryoport. Financial Industry…
Joseph Edward Pastore of El Segundo, California is a stockbroker currently registered with Morgan Stanley Smith Barney who is the subject of a customer initiated investment related arbitration claim in which the customer sought $975,000.00 in damages founded on accusations that unsuitable securities purchases were effected in the customer’s managed account between 2013 and 2015….
Michael Scott Androulakis of New York New York is a stockbroker formerly registered with Legend Securities Inc. who 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 consenting to findings that he made unsuitable investment recommendations to customers concerning non-traditional…
Steven Eugene Love of Terre Haute Indiana, a stockbroker currently registered with Parkland Securities is the subject of a customer initiated investment related arbitration claim seeking between $300,000 and $500,000 in in damages supported by allegations that he failed top invest her retirement funds in safe, suitable investments, but instead sold her non-traded Real Estate…
George Frederick Dance Jr of Daphne Alabama, a stockbroker registered with Wells Fargo Advisors, is the subject of a customer initiated investment related written complaint on July 25, 2017, where the customer seeks more than $5,000.00 in damages based upon accusations that an unsuitable investment allocation had been effectuated for the customer’s managed account between…
Jonathan Steven Harris of Palm Beach Florida is a stockbroker currently registered with Stifel Nicolaus and Company Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,550,000.00 in damages supported by accusations that Harris (1) omitted information from the customer regarding the risks of investing in…
Michael David Mathias of Mount Kisco New York is a stockbroker currently registered with Summit Brokerage Services Inc. who is the subject of a customer initiated investment related arbitration claim where the customer requested four hundred thirty-three thousand six hundred eight-seven dollars in damages founded on accusations of suitability relating to the customer’s variable annuity…
Peter Robert Green of Berkeley California is a stockbroker currently registered with J.P. Morgan Securities LLC who is the subject of a customer initiated investment related written complaint on December 16 2016 in which the customer sought twenty-six thousand dollars in damages founded on allegations that unsuitable investment recommendations had been made to the customer…
Mark Andrew Milligan of Blue Bell Pennsylvania is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim in which the customer requested ninety-nine thousand two hundred eighty one dollars in damages founded on allegations that Milligan effected unsuitable mutual fund transactions in the customer’s account….
Laurence Bache Rossbach of New York New York is a stockbroker formerly employed with Morgan Stanley who is the subject of a customer initiated investment related written complaint on October 3 2017 in which the customer sought forty-four thousand dollars in damages based upon allegations that stock transactions had been effected in the customer’s account that…
Linda Lee Ledzian of Merrick New York is a stockbroker formerly employed with Capital One Investing LLC who is the subject of a customer initiated investment related written complaint on March 20 2017 where the customer sought twelve thousand three hundred dollars in damages based upon allegations that a certificate of deposit investment was not…
Anthony Mediate of Red Bank New Jersey is a stockbroker formerly registered with National Securities Corporation who is the subject of a customer initiated investment related written complaint on August 4 2015 in which the customer alleged that over-the-counter equities transactions were effected in the customer’s account on an unsuitable and excessive basis. Financial Industry…
Jodie Ann LaMarre of Sarasota Florida is a stockbroker formerly registered with Robert W. Baird and Co. Incorporated who has been fined ten thousand dollars and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she made an unsuitable investment recommendation…
Jeffrey Randolph Wilson of Las Cruces New Mexico is a stockbroker currently registered with Wells Fargo Clearing Services that is subject of a customer initiated investment related arbitration claim in which the customer sought at least five thousand dollars in damages founded on accusations that Flaum made unsuitable investment recommendations to the customer regarding energy-sector…
David Francis Faline of Boca Raton Florida is a stockbroker formerly registered with Newbridge Securities Corporation who is the subject of a customer initiated investment related arbitration claim in which the customer requested two hundred thousand dollars in damages based upon accusations that Faline made unsuitable investment recommendations to the customer which caused the customer…
Kenneth H. South of Newport Beach California is a stockbroker currently registered with Oppenheimer & Co. Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested over one hundred sixty-one thousand dollars in damages based upon allegations that between June 1 2015 and February 1 2017 the…
Thomas Francis Niles of Saratoga Springs New York is a stockbroker associated with Morgan Stanley who has been fined five thousand dollars and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected transactions in customer accounts that were not…
Kevin Mark Nast of Northville Michigan is a stockbroker formerly registered with Transamerica Financial Advisors Inc. who is the subject of a customer initiated investment related arbitration claim which settled for fourteen thousand dollars in damages supported by accusations that Nast made unsuitable investment recommendations to the customer and executed unauthorized transactions in the customer’s…
Tom Gilliam Parks Jr. of Stephenville Texas is a stockbroker formerly registered with Ameriprise Financial Services Inc. who is the subject of a customer initiated investment related written complaint on October 6 2017 where the customer requested four hundred thousand dollars in damages founded on allegations that Parks made unsuitable investment recommendations to the customer…
Douglas Anthony Leone, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to provide testimony in a FINRA investigation into his potentially unsuitable investment recommendations. Department of Enforcement v. Douglas Anthony Leone, No. 2016052560002 (Jan. 9,…
Richard Charles Foster, of Tulsa Oklahoma, a stockbroker formerly registered with Cetera Investment Services, LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent,…
Todd Kimm of Syracuse, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he exercised discretion in customer accounts without authority, and placed…
Keven J. Jedlicka, of Baltimore, Maryland, a stockbroker formerly registered with Chaplin Davis, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he traded in customer accounts on an unsuitable basis. Letter of Acceptance, Waiver and Consent, No. 2016047659701…
Lawrence John Fawcett Jr., of Farmingdale, New York, a stockbroker registered with Salomon Whitney Financial, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made an unsuitable investment recommendation to a customer. Letter of Acceptance, Waiver and Consent, No….
Anthony John Salerno of South Easton, Massachusetts, a stockbroker registered with RBC Capital Markets, LLC, is the subject of a customer initiated investment related written complaint on November 1, 2017, where the customer requested $15,500.00 in damages based upon allegations that between August 26, 2016 and September 28, 2017, Salerno made unsuitable preferred stock recommendations…
Charles Bernard Lynch Jr. of Irvine, California, a stockbroker registered with Wells Fargo Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2015045713301 (Dec. 11, 2017). According…
Thomas Bertram Guthrie of Spokane Washington, a stockbroker currently associated with Robert W. Baird & Co. Incorporated, is the subject of a customer initiated investment related written complaint on August 4, 2017, in which the customer requested $450,000.00 in damages supported by accusations that stock transactions were effected in the customer’s account which were not…
Michael Paul Massey of Vero Beach, Florida, a stockbroker currently associated with Raymond James & Associates, Inc., is the subject of a customer initiated investment related written complaint, which settled on October 20, 2017, for $25,000.00 in damages supported by accusations that between December 10, 2012 and May 12, 2016, Massey positioned a stock that…
David Hershel Weinstein of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $325,000.00 in damages based upon accusations that Weinstein over-concentrated the customer’s assets, and made unsuitable investment recommendations to the customer pertaining to over-the-counter…
David Richard Geake of Northbrook, Illinois, a stockbroker associated with Madison Avenue Securities, LLC, is the subject of a customer initiated investment related written complaint on August 9, 2017, in which the customer requested $200,000.00 in damages based upon allegations that Geake effected fixed indexed annuities, equipment leasing products, business development companies and real estate…
Raymond Adam Menna, of PlanMember Securities Corporation, is the subject of a customer initiated investment related arbitration claim, where the customer sought $1,000,000.00 in damages supported by accusations that Menna made misrepresentations and omissions to the customer, effected transactions in the customer’s account that were not suitable, and traded equities without the customer’s consent. Financial…
Jonathan Scott Leopold, of New York, New York, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, where the customer sought $250,000.00 in damages based upon accusations that unsuitable over-the-counter equities and direct investment products had been sold to the customer between 2009 and June of…
Teryl Lee Trenchard, of Reston, Virginia, a stockbroker formerly registered with Capitol Securities Management, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $1,800,000.00 in damages based upon allegations that Trenchard misappropriated the customer’s assets, traded in the customer’s account without authorization, and placed exchange traded fund,…
Michael N. Guilfoyle, of New York, New York, a stockbroker registered with Legend Securities, Inc., has been fined $10,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable transactions in the customer’s account. Letter of Acceptance, Waiver…
Brenton Bataille, of Centennial, Colorado, a stockbroker currently registered with Spencer Edwards, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he made unsuitable investment recommendations to customers concerning convertible notes. Letter of Acceptance, Waiver and Consent, No. 2014041862704…
Michael John Kurka, of Alexandria, Virginia, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related written complaint on October 30, 2017, in which he alleged that between 2011 and 2014, Kurka effected transactions in the customer’s in-house money manager account that were not suitable for the customer. Financial Industry…
Charles Matthew Anderson, of Doylestown, Pennsylvania, a stockbroker registered with Morgan Stanley, has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he traded unit investment trusts in customer accounts that were not suitable for customers. Letter of…
Timothy Thomas Gibbons of New Orleans, Louisiana, a stockbroker formerly registered with Morgan Stanley, has been fined $20,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to elderly customers. Letter of Acceptance, Waiver and…
William Henry Watson III, of Irvine, California, a stockbroker formerly registered with Finance 500, Inc., is the subject of a customer initiated investment related written complaint, which settled on February 15, 2017, for $161,653.66 in damages founded on allegations that Watson effected unsuitable direct investment product transactions with the customer’s funds. Financial Industry Regulatory Authority…
William John Paynter Jr. of Scottsdale, Arizona, a stockbroker formerly registered with UBS Financial Services Inc., is the subject of a customer initiated investment related arbitration claim on June 28, 2017, in which the customer requested $500,000.00 in damages based upon allegations of breach of contract, breach of fiduciary duty, negligence, and suitability regarding oil…
Michael B. Barnett of Marion, Illinois, a stockbroker currently registered with J.J.B. Hilliard, W.L. Lyons, LLC, is the subject of a customer initiated investment related civil action, in which the customer requested more than $5,000.00 in damages based on allegations that over-the-counter equities and stock transactions had been effected in the customer’s account which were neither…
Gregory Neal Long of Melbourne Beach, Florida, a stockbroker registered with International Assets Advisory, LLC, is the subject of a customer initiated investment related arbitration claim, where the customer requested $300,000.00 in damages based upon allegations that Long effected unit investment trust, options, and mutual fund transactions that were neither appropriate nor suitable for the customer….
Thomas Mark Adams of Farmington Hills, Michigan, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim, which settled for $85,000.00 in damages based upon allegations that between November 1, 2012 and January 31, 2016, Adams made misrepresentations to the customer about the suitability of structured products…
Brian Scott Eagon, of Sewickley, Pennsylvania, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim on May 9, 2016, in which the customer requested $83,300.00 in damages based upon allegations that between May 27, 2015 and May 6, 2016, mutual fund and stock investments were executed…
Daniel Fain, of Boca Raton, Florida, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, has been named in a customer initiated investment related arbitration claim, in which the customer requested $280,000.00 in damages based upon allegations that Fain concentrated the customers’ investments in unsuitable stocks. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-03290…
Thomas David Sharp, of Folsom California, a stockbroker registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related civil action, in which the customer requested compensatory damages based upon allegations that Sharp made unsuitable investment recommendations to the customer concerning real estate investment trusts. Civil Action No. 34201700208443 (Mar. 6,…
Stuart L. Pearl, of Deerfield, Illinois, a stockbroker formerly employed with Ameriprise Financial Services, Inc., is the subject of a $7,500.00 fine, and has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he exercised discretion in customer accounts and made unsuitable margin-based investment recommendations…
Christopher Thomas Tolmacs of Portage, Michigan, a stockbroker formerly registered with Triad Advisors, Inc., is the subject of a customer initiated investment related arbitration claim, which settled for $51,000.00 in damages based upon allegations that Tolmacs made unsuitable investment recommendations to the customer concerning business development corporations, exchange traded funds and fixed annuities. FINRA Arbitration Case…
Charles Bernard Lynch Jr., of Irvine California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, is the subject of a customer initiated investment related arbitration claim on September 18, 2017, in which the customer requested $200,000.00 in damages based on allegations that Lynch effected unsuitable transactions in the customer’s account, over-concentrating the customer’s portfolio…
Bill Alfons Holubec, of San Angelo, Texas, a stockbroker formerly registered with Royal Alliance Associates, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $500,000.00 in damages supported by allegations that Holubec effected unsuitable transactions in the customer’s account and made misrepresentations to the customer concerning non-traditional…
Walter Joseph Marino, of Dix Hills, New York, a stockbroker formerly registered with Legend Equities, has been suspended for one year from associating with a Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that Marino made unsuitable variable annuity recommendations and misrepresentations to customers….
Donald P. Southwick, of Troy, Michigan, a stockbroker formerly registered with CSSC Brokerage Services, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2016049789601 (Sept. 29, 2017)….
Pamela McGee Adams of Irvine, California, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related arbitration claim on September 5, 2017, in which the customer sought $53,510.85 in damages supported by allegations that from February 17, 2016 to April 11, 2017, Adams made unsuitable investment…
John Carolyn of Houston, Texas, a stockbroker formerly registered with UBS Financial Services Inc., is the subject of a customer initiated investment related arbitration claim, which settled on August 16, 2017, for $34,000.00 in damages based on allegations that from 2014 to 2016, Carolyn placed unsuitable stock transactions in the customer’s account, causing the customer’s…
Gaetano Magarelli, a stockbroker currently registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related arbitration claim on August 31, 2017, in which the customer requested $266,355.00 in damages based upon allegations that Magarelli placed unsuitable equity transactions in the customer’s account, causing the customer to sustain investment losses within her…
Mehran Tazhibi, of Berkeley, California, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon consenting to findings that he made unsuitable recommendations to customers regarding municipal bonds. Letter…
Michael Edward Fitzgerald, of San Francisco, California, a stockbroker currently registered with Morgan Stanley, has been identified in a customer initiated investment related complaint on February 14, 2017, in which the customer’s claim was based on allegations of unsuitable investment recommendations of stock in 2014. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fitzgerald…
Colin Edward Hammer, of Akron, Ohio, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim on July 27, 2016, where the customer requested $1,400,000.00 in damages based upon allegations that between 2010 and 2016, Hammer engaged in several sales practice violations including the failure to effect…
Carlos Nestor Evertsz-Seda, of Ronkonkoma, New York, a stockbroker formerly registered with K.C. Ward Financial, is the subject of a customer initiated investment related arbitration claim on January 6, 2017, in which the customer requested $100,000.00 in damages based on allegations that Evertsz-Seda caused the customer’s market losses through effecting transactions that were not suitable….
Ronald G. Richer, of New York, New York, a stockbroker currently registered with Garden State Securities, Inc., is the subject of a customer initiated investment related arbitration claim on April 3, 2017, where the customer requested $50,775.00 in damages supported by allegations that from February 2015 to July 2015, Richer effected unsuitable stock transactions in…
Mark S. Perry, of Mt. Pleasant, South Carolina, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No….
Timothy John Platt, of Naperville, Illinois, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related complaint, which settled on October 26, 2016, for $112,500.00 in damages resting upon allegations that from June 2, 2011, and May 17, 2016, Platt effected mutual fund transactions in the customer’s account despite…
Joshua J. Pratta, of Towson, Maryland, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related written complaint on October 24, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Pratta made misrepresentations and omissions, recommended unsuitable investments, and effected…
Jay Dee Jordan, of Oklahoma City, Oklahoma, a stockbroker formerly registered with WFG Investments, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to the customer, effected unauthorized transactions in the customer’s account, mismarked customer order…
David John Lomedico, of Melville, New York, a stockbroker formerly registered with Rockwell Global 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 based upon consenting to findings that he made unsuitable investment recommendations to the customers. Letter of Acceptance,…
James S. Fleming III, of Worcester, Massachusetts, a stockbroker formerly registered with Investors Capital Corp., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable transactions in the customer’s account. Letter of Acceptance, Waiver…
Keith Alva Fontenot, of Lafayette, Louisiana, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related arbitration claim on May 11, 2017, in which the customer requested $80,000.00 in damages based upon allegations that Fontenot made unsuitable investment recommendations to the customer concerning equities and direct…
Jack Frank Bruscianelli, of Saint Louis, Missouri, a stockbroker currently registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim on April 18, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Bruscianelli breached his fiduciary duties and made unsuitable investment recommendations to the customer…
James Bradley Schwartz, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related arbitration claim on April 28, 2017, in which the customer requested $269,131.00 in damages based upon allegations against Schwartz of breach of fiduciary duty, breach of contract, omissions and misrepresentations,…
Edward Anthony Torres, of Anaheim, California, a stockbroker formerly registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related written complaint on May 1, 2017, wherein the customer requested $40,291.42 in damages based upon allegations that Torres negligently managed the customer’s individual retirement account, and made unsuitable investment recommendations to…
Mark Charles Koehler, of Chadds Ford, Pennsylvania, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he effected unsuitable investment transactions in customer accounts. Letter…
Nicole Marie Andres, of New York, New York, a stockbroker formerly registered with Credit Suisse Securities (USA) LLC, is the subject of a customer initiated investment related written complaint on January 30, 2017, in which the customer requested $44,355.00 in damages based upon allegations that Andres made unsuitable investment recommendations to the customer concerning exchange…
Tony Kang, of Northbrook, Illinois, a stockbroker formerly registered with Fifth Third Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on September 24, 2015, for $10,000.00 in damages based upon allegations that Kang made unsuitable investment recommendations to the customer regarding a unit investment trust product. Financial Industry…
Christopher Robert Hickman, of Delray Beach, Florida, a stockbroker formerly registered with Cetera Advisors LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable unit investment trust trades in customer accounts. Letter of Acceptance, Waiver and…
Lawrence M. Thomas, of North Attleboro, Massachusetts, a stockbroker formerly registered with Essex Securities LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he made improper investment recommendations to customers. Letter…
Jeffrey Alan Fladell, of West Palm Beach, Florida, a stockbroker currently registered with RBC Capital Markets LLC, has been named in a customer initiated investment related arbitration claim on April 7, 2016, wherein the customer requested more than $5,000.00 in damages based upon allegations that Fladell made unsuitable municipal debt investment recommendations to the customer….
Nick Eugene Son, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp., has been named in a customer initiated investment related written complaint on December 22, 2016, in which the customer requested $65,984.66 in damages based upon allegations that Son utilized the customer’s margin account without consent, and effected transactions that…
Elvin J. Lopez, of New York, New York, a stockbroker formerly registered with Brookstone Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on April 12, 2017, for $31,276.98 in damages based upon allegations that he made misrepresentations to the customer, breached his fiduciary and contractual duties, negligently managed…
Roger Wilson Rodas, of Glendale, California, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related written complaint on January 21, 2016, based upon allegations that Rodas made unsuitable investment recommendations to the customer concerning real estate securities and investments offered via a foreign…
Anthony Joseph Verzi, of Melbourne, Florida, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his unsuitable investment trading activities. Letter of Acceptance, Waiver…
James Keith Cox, of Baton Rouge, Louisiana, a stockbroker formerly registered with Sterne, Agee & Leach, Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a firm’s customer and…
Daniel P. Bailey, of Rochester, New York, a stockbroker formerly registered with Source Capital Group, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that made unsuitable securities recommendations to a customer. Letter of Acceptance, Waiver and Consent, No….
John Bradford Leonard, of Toledo, Ohio, a stockbroker formerly registered with Wells Fargo Advisors, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to a FINRA informational request regarding his activities. Case No. 2016050686801 (Apr. 14, 2017). FINRA Public Disclosure…
David James Vigil, of Ponte Vedra Beach, Florida, has been named in a customer initiated investment related arbitration claim on April 24, 2017, in which the customer requested $90,000.00 in damages based upon allegations that Vigil effected unsuitable transactions in the customer’s managed wrap account. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Vigil…
Joanna Espasas of Miami, Florida, a stockbroker formerly registered with Popular Securities, LLC, has been named in a customer initiated investment related arbitration claim on December 21, 2015, in which the customer requested $1,173,866.00 in damages based upon allegations that Espasas made unsuitable recommendations to the customer concerning corporate debt and closed-end funds. The customer…
Eugen Velea, of Manasquan, New Jersey, a stockbroker formerly registered with MML Investors Services, LLC, has been named in a customer initiated investment related arbitration claim, which settled on August 1, 2016, for $70,000.00 in damages based upon allegations that Velea induced the customer’s mutual fund purchases by making unsuitable investment recommendations. Financial Industry Regulatory…
James Vernon Regier, of Topeka, Kansas, a stockbroker formerly registered with VSR Financial Services, Inc., has been named in a customer initiated investment related written complaint on July 14, 2016, in which the customer requested $76,642.00 in damages based upon allegations that Regier effected unsuitable transactions in the customer’s account concerning United Development Funding IV….
Michael Barry Goldberg, of Short Hills, New Jersey, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related written complaint on April 4, 2017, in which the customer requested $33,443.87 in damages based upon allegations that Goldberg effected unit investment trust and mutual fund transactions in the customer’s account…
Daniel M. King, of Melville, New York, a stockbroker formerly registered with Brookville Capital Partners, has been named in a customer initiated investment related arbitration claim on May 1, 2017, in which the customer requested $59,330.70 in damages based upon allegations that he solicited customers’ investments for products they were not suitable for, and led…
Stephen J. Landa, of Easton, Connecticut, a stockbroker formerly registered with Invest Financial Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable transactions in a customer’s account. Letter of Acceptance, Waiver and Consent, No. 2016049485101…
Leavitt Freeman Sanders, of West Point, Georgia, a stockbroker formerly registered with INVEST Financial Corporation, has been named in a customer initiated investment related written complaint, which settled on January 16, 2017, for $11,503.00 in damages based upon allegations that Sanders effected investment strategies concerning options products that were misrepresented and unsuitable for the customer….
Scott Allen Sibley, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sibley, inter alia, made unsuitable investment recommendations to customers, traded in customer accounts without authorization,…
Andrew Bennett Kramer, of Brooklyn, New York, a stockbroker formerly registered with Capital Securities Management, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Kramer’s wrongdoing referenced in a customer…
Bahram Mirhashemi, of Artesia, California, a stockbroker formerly registered with Ameriprise Financial Services, has been named in a customer initiated investment related arbitration claim, which settled on April 10, 2017, for $85,000.00 in damages based upon allegations that Mirhashemi mishandled the customer’s investment account, and effected equity trades in the customer’s account on an excessive…
Andrew Scott Corbman, of Lansdowne, Virginia, a stockbroker formerly registered with Kovack Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on April 20, 2017, for $100,000.00 in damages based upon allegations including breach of contract and unsuitability pertaining to the customer’s stock purchases. Financial Industry Regulatory Authority (FINRA)…
David Anthony Kamm, of Saint Augustine, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint, which settled on June 23, 2016, for $150,000.00 in damages based upon allegations that from May 29, 2013, to February 29, 2016, Kamm effected unsuitable over-the-counter equity…
Richard Allen Sena, of Cincinnati, Ohio, a stockbroker currently registered with Ross, Sinclaire & Associates, LLC, has been named in a customer initiated investment related arbitration claim on February 22, 2017, in which the customer requested $200,000.00 in damages based upon allegations that Sena made risky municipal debt investment recommendations to the customer which were…
James Andrew Geake, of Skokie, Illinois, a stockbroker currently registered with Madison Avenue Securities, LLC, has been named in a customer initiated investment related arbitration claim, which settled on March 1, 2017, for $60,000.00 in damages based upon allegations that Geake negligently managed the customer’s investments, breached his contractual duties, and made unsuitable investment recommendations…
Jay Dee Jordan, of Oklahoma City, Oklahoma, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint on December 28, 2016, in which the customer requested $88,000.00 in damages based upon allegations that Jordan effected unsuitable stock transactions in the customer’s account. Financial Industry Regulatory Authority…
Robert Mark Star, of Bluffton, South Carolina, a stockbroker formerly registered with EDI Financial, Inc., has been named in a customer initiated investment related arbitration claim on May 12, 2016, in which the customer requested $640,800.00 in damages based upon allegations that Star overconcentrated the customer’s investment portfolio in private placements, and made unsuitable investment…
Nina Sue Jessee, of Abingdon, Virginia, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration claim on February 3, 2017, based upon allegations that Jessee effected unsuitable transactions in the customer’s account regarding investments in real estate, insurance, and equipment leasing products. Financial Industry Regulatory Authority…
George Russel Thoreson, of Bellevue, Washington, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim on February 1, 2017, in which the customer requested $453,886.65 in damages based upon allegations that Thoreson made unsuitable stock recommendations to the customer. Financial Industry Regulatory Authority (FINRA)…
Frederick Peter Baerenz, of Great Falls, Virginia, a stockbroker formerly registered with Pacific West Securities, Inc., has been named in a customer initiated investment related arbitration claim, in which customers were collectively awarded $331,000.00 in damages on July 11, 2016, based upon allegations including misrepresentation, unsuitability, fraud, breach of contract, and violation of SEC Rule…
William Mark Heiden, of Newport Beach, California, a stockbroker formerly registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim on January 24, 2017, in which the customer requested $950,718.24 in damages based upon allegations that Heiden, from 2012 to 2016, effected equity transactions in the customer’s account which were…
Phillip Leung Wong, of Wayland, Massachusetts, a stockbroker currently registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related written complaint on January 26, 2017, based upon allegations that Wong made unsuitable investment recommendations to the customer concerning exchange traded fund and stock transactions, which caused the customer to sustain…
Wayne David Kandas, of Tempe, Arizona, a stockbroker formerly registered with MetLife Securities, Inc., has been named in a customer initiated investment related written complaint on May 26, 2016, based upon allegations that Kandas made misrepresentations to the customer regarding variable annuity products. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kandas has been…
Harold S. Pomeranz, of Garden City, New York, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a customer. Letter of Acceptance, Waiver…
Scott William Palmer, of Hackensack, New Jersey, a stockbroker currently registered with Janney Montgomery Scott LLC, has been named in a customer initiated investment related arbitration claim on July 26, 2016, in which the customer requested $75,000.00 in damages based upon allegations that Palmer effected unsuitable stock transactions in the customer’s investment account. Financial Industry…
James Edward Knee, of Concord, New Hampshire, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related arbitration claim, which settled on December 21, 2015, for $17,000.00 in damages based upon allegations that Knee made unsuitable investment recommendations to the customer concerning a royalty trust purchase. Financial…
Bruce Benjamin Greenwald, of Pepper Pike, Ohio, a stockbroker formerly registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim on January 3, 2017, in which the customer requested $800,000.00 in damages based upon allegations that Greenwald failed to abide by the customer’s investment based instructions, and made misrepresentations to…
Dennis Albert Mehringer Jr., of Pasadena, California, a stockbroker currently registered with Western International Securities, Inc., was charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Mehringer, inter alia, made investment recommendations which were not suitable for customers. Department of Enforcement v. Mehringer, Jr., No. 2014041868001 (Dec. 16, 2016). According to the…
Chadwick C. Collins, of Carlsbad, California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim, which settled on April 18, 2016, for $86,559.31 in damages based upon allegations that Collins, from December of 2015 to March of 2016, failed to disclose commissions charged to…
Rick Douglas Konecny, of Chicago, Illinois, a stockbroker currently registered with J.P. Morgan Securities LLC, has been named in a customer initiated investment related written complaint on June 23, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Konecny effected unauthorized and unsuitable transactions in the customer’s account, and overconcentrated the…
Paul Robert Nitz, of Minneapolis, Minnesota, a stockbroker currently registered with HD Vest Investment Services, has been named in a customer initiated investment related arbitration claim on July 13, 2016, in which the customer requested $528,000.00 in damages based upon allegations that Nitz made unsuitable equity investment recommendations to the customer, made misrepresentations to the…
Frank Hamrak, of New York, New York, a stockbroker currently registered with Beech Hill Securities, Inc., has been named in a customer initiated investment related written complaint on November 21, 2016, in which the customer requested $185,000.00 in damages based upon allegations that from March 20, 2014, to November 9, 2016, Hamrak effected unsuitable transactions…
Charles Henry Frieda, of Irvine, California, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, has been named in thirty-two customer initiated investment related disputes between October 6, 2014, and October 25, 2016, which have collectively settled for $5,268,553.00 in damages based upon allegations that Frieda effected unsuitable transactions in the customers’ accounts, which…
William Robert Berg, of Mesa, Arizona, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, has been named in a customer initiated investment related arbitration claim, which settled on October 19, 2016 for $25,000.00 in damages based upon allegations that in 2014, Berg overconcentrated the customer’s assets in oil and gas equities that were…
George Craig Merhoff Jr., a stockbroker currently registered with Cetera Advisors LLC, has been named in a customer initiated investment related arbitration claim on July 14, 2016, which is based upon allegations that Merhoff committed violations of securities laws in the State of Oregon, breached his fiduciary and contractual duties to the customer, effected unsuitable…
Jacquin P. Fink, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith, has been named in a customer initiated investment related written complaint on October 13, 2016, in which the customer requested $300,000.00 in damages based upon allegations that between October 2015 and October 2016, Fink made unsuitable equity investment recommendations to the…
Cory David Bataan, of Melville, New York, a stockbroker currently registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim, which settled on August 25, 2015 for $25,000.00 in damages based upon allegations that Bataan made unsuitable investment recommendations concerning over-the-counter equities and generated commissions and fees which were…
John Paul Corsi, of Parma, Ohio, a stockbroker formerly registered with WRP Investments, has been fined $20,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in an undisclosed outside business activity and private securities transaction, and made…
LPL Financial, LLC, headquartered in Boston, Massachusetts, was censured and fined $900,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to distribute account notices containing customer suitability information. Letter of Acceptance, Waiver and Consent, No. 2015045887301 (Dec. 21, 2016). According to the AWC, between 2009 and 2016, the…
Kenneth John Saunders, of Coral Springs, Florida, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration action on March 11, 2016, in which the customer requested $150,000.00 in damages based upon allegations that Saunders made misrepresentations to the customer concerning investments, and effected unsuitable investments in…
Stockbroker Fraud Lawyers | Scott F. Goldman, of Arlington Heights, Illinois, a stockbroker formerly associated with LPL Financial LLC, was fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver…
Allstate Financial Services, LLC, headquartered in Lincoln, Nebraska, has been censured and fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm, inter alia, had mass incomplete or missing accounts records concerning customer suitability. Letter of Acceptance, Waiver and Consent, No. 2015047806501(Dec. 15, 2016). According to the AWC, between 2001…
Athanasios Tomaras, of Oldsmar, Florida, a stockbroker formerly registered with Fulcrum Securities, LLC, has been subject to a customer initiated investment related arbitration claim from October 17, 2016, in which the customer requested $189,000.00 in damages based upon allegations that from July of 2013 to January of 2016, Tomaras made unsuitable investment recommendations to the…
Gregory Martin Ellis, of Baton Rouge, Louisiana, a stockbroker formerly registered with VSR Financial Services, has been subject to a customer initiated investment related arbitration action on July 22, 2015, in which the customer requested $445,000.00 in damages based upon allegations that Ellis negligently handled the customer’s account, breached his fiduciary duties to the customer,…
John Burns, of Chesterfield, Missouri, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been fined $17,500.00 in damages and suspended for fourteen months from associating with any Financial Industry Regulatory Authority member in any capacity after consenting to findings that he effected unsuitable and unauthorized trades in customer accounts. Letter of Acceptance, Waiver…
Kevin L. Barbalace, of Columbia, Maryland, a stockbroker formerly associated with Dawson James Securities, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that Barbalace made unsuitable recommendations to a firm customer. Letter of Acceptance, Waiver and…
Christopher Kazan, of South Norwalk, Connecticut, a former stockbroker with Maxim Group LLC, was subject to a customer initiated investment related arbitration claim on August 24, 2015, which was settled for $85,000.00 in damages based upon allegations that Kazan effected unsuitable investment transactions in the customer’s investment account between October of 2012 through August of…
James Blinkhorn, of Lake Oswego, Oregon, a stockbroker formerly associated with Wedbush Securities Inc., was subject to a customer initiated investment related arbitration claim on September 11, 2015, which was settled for $83,000.00 in damages based upon allegations that Blinkhorn effected unsuitable transactions in the customer’s investment account, and failed to communicate with the customer…
Jason Freiwald, of Scottsdale, Arizona, a stockbroker currently registered with Waddell & Reed, has been named in a customer initiated investment related arbitration claim on January 25, 2016, in which the customer requested $541,150.00 in damages based upon allegations that Freiwald effected unsuitable investment transactions in the customer’s account. According to the customer, Freiwald recommended…
Joel E. Archer, of Arden Arcade, California, a stockbroker currently registered with Summit Brokerage Services, Inc., has been named in a pending customer initiated investment related arbitration claim on June 21, 2016, in which the customer requested $200,000.00 in damages based upon allegations against Archer of making unsuitable investment recommendations to the customer, and effecting…
Parks Heard Brown Jr., of Marietta, Georgia, a stockbroker formerly associated with VSR Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on October 14, 2016, based on allegations that Brown effected unsuitable investment transactions in the customer’s account. FINRA Public Disclosure reveals that Brown has been subject to three…
Lisa Lowi, of Boca Raton, Florida, a stockbroker formerly registered with RBC Capital Markets, LLC, has been named in a number of customer initiated investment related arbitration claims. Specifically, between September 14, 2016, and September 16, 2016, Lowi was named in three customer initiated investment related arbitration claims, in which customers have requested millions of…
Jay J. Gruenebaum, of Zanesville, Ohio, a stockbroker formerly registered with Stifel, Nicolaus & Company, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that Gruenebaum mishandled customer accounts. Letter of Acceptance, Waiver and Consent, No….
Robert P. Lappin, of Las Vegas, Nevada, a stockbroker formerly associated with New England Securities, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he made unsuitable recommendations to customers regarding unit investment trusts. Letter of Acceptance, Waiver and Consent, No….
Heather P. Weber, of Tampa, Florida, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a pending customer initiated investment related arbitration claim on July 7, 2016, in which the customer requested $500,000.00 in damages based upon allegations that Weber made omissions and misrepresentations to the customer concerning investments, and…
Joseph M. Fedorko Jr., of New York, New York, a stockbroker with Laidlaw & Company, Ltd. is subject to a customer dispute filed on August 8, 2016, in which he was alleged by the customer to be responsible for the customer’s investment losses on bond investments. Prior to this action, Fedorko was also subject to…
Mark Ketner, of Woodbury, New York, a stockbroker with Maxim Group LLC, was named in a customer intiiated investment related claim where the customer has requested $475,000.00 in damages based upon the allegation that Ketner made excessive and unsuitable trades of investments in the customer’s account. FINRA’s BrokerCheck also reveals that Ketner has been subject…
Stephen H. Orr, of Houston, Texas, a stockbroker with H. Beck, Inc., has been named in a customer dispute where the customer is seeking $5,000,000.00 in damages based upon the allegations that Orr made unsuitable investment recommendations. FINRA’s BrokerCheck reveals that Orr has been previously subject to five other disclosure incidents, three of which involve…
Samuel D. Wyman, Jr., of Westhampton Beach, New York, a stockbroker with Gilford Securities Incorporated, is subject to a pending customer dispute from August 14, 2015, in which the customer requested $175,000.00 in damages after alleging that Wyman made unsuitable investment recommendations. FINRA Public Disclosure records reveal that Wyman has been previously subject to customer…
Kirk J. Gill, of Tucson, Arizona, a stockbroker with Morgan Stanley, is subject to several pending customer disputes. Particularly, on August 3, 2016, a customer lodged a pending dispute against Gill, in which the customer requested $500,000.00 in damages after alleging that Gill made recommendations to the customer that were unsuitable. FINRA’s BrokerCheck reveals that…
Sean W. Mollard, of Boca Raton, Florida, a stockbroker for Dawson James Securities, Inc., became subject to a pending customer dispute from March 31, 2016, in which a customer requested $1,000,000.00 in damages after alleging that Mollard made material misrepresentations regarding investments, charged excessive commissions to the customer, engaged in excessive trading, failed to abide…
Richard Graham, of Lafayette, Indiana, a stockbroker registered with The Huntington Investment Company, was fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2015046281401 (Sept. 29, 2016). According to…
Mark A. Stanczyk, of Manlius, New York, a stockbroker fomerly associated with Pinnacle Investments, is subject to a pending customer dispute from February 1, 2016, in which the customer has requested $490,000.00 in damages in connection with allegations against Stanczyk of making unsuitable investment recommendations and trades in the customer’s account. Disclosure records reveal that…
Paul Falcon, of Boca Raton, Florida, a stockbroker with Aegis Capital Corp., was named in a customer dispute on April 25, 2016. Particularly, the customer requested $190,672.12 in damages after alleging that Falcon made investment recommendations that were unsuitable for the customer, and alleged that the customer’s investment performance was poor. Public Disclosure records reveal…
Steven R. Luftschein, of Melville, New York, a stockbroker with Aegis Capital Corp., is currently subject to a pending customer dispute from June 3, 2016, in which a customer has requested $2,000,000.00 in damages in connection with allegations that Luftschein made investment recommendations that were unsuitable to customers, and mishandled the customers’ accounts. Disclosure records…
James B. Schwartz, of Melville, New York, a registered representative with Aegis Capital Corp., is currently subject to a pending customer dispute from June 3, 2016, in which several customers requested $2,000,000.00 in damages in connection with allegations that Schwartz made unsuitable investment recommendations to customers, and mishandled customers’ accounts. According to FINRA Public Disclosure…
Gerard F. Cipolla, of Rego Park, New York, a registered representative with PFS Investments Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations of Cipolla’s unsuitable investment recommendations. Letter of Acceptance, Waiver and Consent,…
James B. Moran, of Florham Park, New Jersey, is subject to a pending customer dispute from May 11, 2016, in which a customer requested $167,640.35 in connection with allegations against Moran of effecting transactions in the customer’s account that were not suitable. According to FINRA records, Moran has been subject to six additional disclosure incidents….
Michael P. Dalessandro, of Colts Neck, New Jersey, a stockbroker with The Investment Center, Inc., became subject to a pending customer dispute on February 3, 2016, in which several customers alleged that Dalessandro made unsuitable recommendations to the customers. Apparently, the recommendations were made in 2013 and 2015, and involved investments in gas and oil,…
Shadi T. Barakat, of New York, New York, is subject to a pending customer dispute from October 19, 2015, in which a customer has requested $195,723.67 in damages after alleging that Barakat engaged in misrepresentations, and committed breach of fiduciary duty, negligence, and unauthorized and unsuitable transactions in the customer’s account. Barakat previously associated with…
Larry D. Freie, of Lincoln, Nebraska, a stockbroker with Ameritas Investment Corporation, is subject to a pending customer dispute from March 9, 2015, in which a customer alleged that Freie made unsuitable investment recommendations to the customer. This is not the first time that Freie has been subject to a customer dispute regarding unsuitable recommendations….
George P. Koulouris, of Manilus, New York, a stockbroker registered with KCD Financial, Inc., is subject to a pending customer dispute from August 10, 2015, in which a customer alleged that purchases made via Manilus in private placement investments were not suitable for the customer. Public disclosure records also reveal that Koulouris has been subject…
Christian J. Stoltz, of Forty Fort, Pennsylvania, a stockbroker with Centaurus Financial, Inc., was named in a pending customer dispute on August 8, 2016, in which a customer has requested $32,000.00 in damages after alleging Stoltz made unsuitable recommendations concerning annuities and the customer’s managed investment account. Public Disclosure records reveal that Stoltz has also…
Joseph M. Thurnherr, of New York, New York, a stockbroker with Meyers Associates, L.P., was named in a pending customer dispute on June 23, 2016, in which the customer has requested $93,624.00 in damages after alleging that Thurnherr made unsuitable investment recommendations and over-concentrated the customer’s investment accounts from February through November of 2015. Public…
Matthew A. Siliato, of New York, New York, a stockbroker with Meyers Associates, L.P., was named in a pending customer dispute on June 23, 2016, in which the customer requested $250,627.60 in damages amid allegations against Siliato of making unsuitable investment recommendations. Siliato has also been named in another pending customer dispute on December 28,…
Caldwell International Securities Group, headquartered in Fischer, Texas, along with the firm’s supervisory staff members (Greg Caldwell, Lennie Freiman, and Paul Jacobs) were censured and fined by Financial Industry Regulatory Authority (FINRA) per an Order Accepting Offer of Settlement containing findings that the firm and individuals committed, inter alia, unsuitable investment strategy recommendations, unsuitable exchange…
Christopher B. Ariola, of Aliso Viejo, California, a stockbroker with Bay Mutual Financial, LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ariola made unsuitable recommendations to investors. Department of Enforcement v. Christopher B. Ariola, No. 2012034139101 (Aug. 25, 2016). According to the Complaint, between December of 2011…
Richard William Lunn Martin, of Penang, Malaysia, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Martin made unsuitable recommendations to customers, and false and misleading statements to customers regarding investments. Department of Enforcement v. Richard William Lunn Martin, No. 2013035817701 (June 27, 2016). According to the Complaint, from…
Richard Gomez, of New York, New York, a stockbroker with Legend Securities, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with a Hearing Panel Decision containing findings that Gomez engaged in private securities transactions, and made unsuitable recommendations to investors. Department of Enforcement…
Lance J. Ziesemer, of Wayzata, Minnesota, a stockbroker for Feltl & Company, was fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he made unsuitable recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2013036524903 (May 12, 2016)….
World Equity Group, Inc., headquartered in Arlington Heights, Illinois, was fined $50,000.00 and censured by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to supervise unsuitable and excessive equity trading. Letter of Acceptance, Waiver and Consent, No. 2014039231401 (Apr. 25, 2016). According to the AWC, from November 2009 through September…
John R. McKinstry Jr., of Saint Louis, Missouri, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate in an investigation into allegations of whether McKinstry engaged in unsuitable recommendations and unauthorized lending agreements with customers. Letter of Acceptance,…
Brett W. Burgesser, of Orlando, Florida, a stockbroker with Wells Fargo Advisors, LLC, was fined $5,000.00 and suspended for sixty-days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in the unsuitable switching of mutual funds in customer accounts. Letter of Acceptance, Waiver and…
David Joseph Escarcega, of Phoenix, Arizona, a stockbroker with Center Street Securities, Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that Escarcega communicated misleading and materially false statements to customers, and…
Andrew Scott Corbman, of Lansdown, Virginia, was suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unsuitable recommendations and provided misleading communications to investors. Letter of Acceptance, Waiver and Consent, No. 2010024620302 (Feb. 1, 2016). According to the AWC,…
James W. Anderson of Oklahoma City, Oklahoma, a stockbroker with WFG Investments, Inc., was fined $15,000 and suspended for fifteen months from associating with a Financial Industry Regulatory Authority (FINRA) member firm in all principal capacities after consenting to findings that he failed to supervise a stockbroker who engaged in unsuitable trading. Letter of Acceptance,…
Jacob T. Turner of Orlando, Florida, a stockbroker with Cambridge Investment Research, Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he made unsuitable recommendations to customers. Letter of Acceptance, Waiver, and Consent, No. 2013036516301…
Carlos Benavidez, Jr., of Louisville, Kentucky, a stockbroker with Waddell & Reed, was fined $10,000 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for two months after consenting to findings that he exercised discretion in eighty customer accounts without prior written authorization from the customers or…
Richard A. McCollam of Layfayette, California, a stockbroker with National Planning Corporation, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging McCollam willfully failed to disclose two customer arbitrations and seven customer complaints on his Uniform Application for Securities Industry Regulation filed on January 22, 2014, referred to as…
Carl W. Busch of Oklahoma City, Oklahoma, a Stockbroker with WFG Financial, was fined $5,000 and suspended in all principal capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he failed to adequately supervise the sales practice of Larry Michael Crabtree, a Stockbroker of WFG, who had…
Larry Michael Crabtree of Edmond, Oklahoma, a stockbroker with WFG Investments, Inc., was suspended for six-months in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that Crabtree engaged in unsuitable trading and improperly exercised discretion in the account of a customer; sent inappropriate and unapproved communications…
James S. Witter of Garden City, New York, a registered representative with Royal Alliance Associates, Inc., was fined $5,000 and suspended for two months from association with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity after consenting to findings that Witter failed to reasonably supervise a registered representative who engaged in unsuitable…
Lincoln Financial Advisors, located in Fort Wayne, Indiana, was censured and fined $90,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to adequately supervise the activities of a registered representative who engaged in unsuitable penny stock trading. Letter of Acceptance, Waiver and Consent, No. 2011029739902 (Dec. 8, 2015). According…
Jeffrey L. Rittberger of New Concord, Ohio, a stockbroker associated with Huntington Investment Company, was fined $10,000 and suspended for forty-five days from association with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he made unsuitable recommendations to firm customers. Letter of Acceptance, Waiver and Consent, No. 2013036874902…
Summit Brokerage Services of Boca Raton, Florida, was censured and fined $250,000 by the Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm, via its registered representatives, made unsuitable recommendations for customers to purchase leveraged and inverse exchange-traded funds. Letter of Acceptance, Waiver, and Consent, No. 2011029635101 (Dec. 2, 2015). According to…
Jeffrey D. Daggett, a Stockbroker with Wells Fargo Advisors, received a four-month suspension from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity, as well as a $20,000.00 fine after consenting to findings that he recommended unsuitable transactions in exchange trade notes, as well as leveraged and inverse leveraged exchange traded…
Jordon S. Trice, a registered representative with Great Circle Financial, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing allegations that Trice had effected options transactions in an account that was not approved for options trading. Department of Enforcement v. Trice, No. 2012030670603. According to the Complaint, from January…
James E. Scott, a registered representative with FSC Securities Corp., was permanently barred from associating with any Financial Industry Regulatory Authority in any and all capacities via terms of an Order Accepting Offer of Settlement containing allegations that Scott had aided and abetted an individual in the sale and recommendation of certain unauthorized securities transactions,…
Douglas William Finlay, Jr., a registered representative with Cadaret Grant, was suspended, fined, and forced to pay disgorgement by the Financial Industry Regulatory Authority after consenting to findings that Finlay engaged in an unsuitable recommendation and execution of a faulty transaction in his firm’s customer account. Letter of Acceptance, Waiver, and Consent, No. 2013035576601 (Apr….
The Securities and Exchange Commission brought an action against Bennett Group and its founder Dawn J. Bennett for federal securities fraud. Bennett and most employee associated with the Bennett Group are registered representatives of with Western International Securities, Inc. According to the SEC’s allegations, Bennett, made material misstatements and omissions regarding assets that were purportedly…
Thomas Morley Hogle, a general securities representative formerly associated with B.B. Graham & Company, was permanently barred from association with any FINRA member firm in any capacity after failing to cooperate with a FINRA investigation into allegations that Hogle made unsuitable investment recommendations in his former firm’s account of an elderly customer. FINRA Letter of…
Derek Lee Miller of Redondo Beach, CA, a former general securities representative with Securities America, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Miller engaged in unsuitable trading. FINRA Letter of Acceptance, Waiver and Consent,…
Richard Eugene Whitley, a former H.D. Vest general securities representative, was barred from association with any FINRA registered firm in all capacities after Whitley failed to cooperate with a FINRA investigation into allegations of that Whitley, while employed at his former firm, engaged in unsuitable trading in customer accounts. Letter of Acceptance, Waiver and Consent…
E1 Asset Management, Inc., a FINRA member broker/dealer since 1999 headquartered in Jersey City, NJ, operates as an introducing broker-dealer via 14 registered reps and 3 branch offices. The Firm, along with their general securities principals Ron Y. Itin and Ahsan R. Shaikh, were censured and fined by FINRA in connection with supervisory deficiencies consisting…
Cornerstone Core Properties REIT Inc., a non-traded real estate investment trust, has sent a letter to its shareholders bearing some bad news: The REIT’s valuation has plunged from the original issue price of $8.00 per share down to $2.25, a dive of about of 72 percent. Cornerstone’s Letter to Shareholders The company reported the revised…
On October 4, 2011, a FINRA Arbitration Panel sitting Portland, Oregon, in the matter of James D. Brogden, et. al. v. Merrill Lynch Pierce Fenner & Smith, Inc., FINRA Arbitration Number 10-01725 rendered an arbitration award against Merrill Lynch for $96,049 of the $309,358 in damages sought in connection with the recommendation to purchase Federal…