Andrew Benjamin Edenbaum of Aventura Florida, a stockbroker formerly registered with National Securities Corporation, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Edenbaum participated in private securities transactions while he was registered with National Securities Corporation. Letter…
Michael Gerard Tate (also known as Mike Tate) of San Mateo, California, a stockbroker formerly registered with Securian Financial Services Inc., is the subject of a customer initiated investment related FINRA arbitration claim which was settled for $37,500.00 in damages supported by accusations of Tate making an unsuitable sale of a variable annuity to the…
Richard Harris Sall of Duluth, Minnesota, a stockbroker formerly registered with Voya Financial Advisors Inc., is referenced in a customer initiated investment related written complaint on January 10, 2020, where the customer sought $22,792.85 in damages based upon allegations of the customer being misled in regard to a variable annuity purchase that subjected the customer…
Robert Hayes Hoffmann, of Greenwood, Indiana, a stockbroker formerly registered with Woodbury Financial Services Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages based upon the alleged unsuitable recommendations to purchase variable annuities during the time that Hoffmann was registered with Woodbury Financial…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Charla Cynthia Kabana, of Huntington Beach, California, a stockbroker formerly registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related written complaint on August 27, 2021, in which the customer requested $5,500.00 in damages founded on accusations of an unsuitable annuity sale by Kabana while she was employed by Sagepoint Financial….
Nathan Gersteen Katz, of Largo, Florida, a stockbroker formerly registered with American Independent Securities Group, is referenced in a customer initiated investment related written complaint on October 28, 2021, in which the customer sought damages supported by allegations of an unsuitable annuity rider being placed on the customer’s annuity, which was intended for the benefit…
James Edward Kelly Sr., of Owings Mills, Maryland, a stockbroker formerly registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for two weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized commission-sharing arrangements relating to his sales of variable annuities….
Brenda Louise Labar, of Redlands, California, a stockbroker formerly registered with MSI Financial Services, is identified in a customer initiated investment related written complaint which was settled on May 12, 2020, to resolve accusations of Labar’s misrepresentations to the customer relating to a variable annuity sale when Labar was employed by MSI Financial Services. Financial…
Brandie June Becker Osburn (also known as Brandie Becker Osburn) of Glen Allen Virginia a stockbroker currently registered with Pruco Securities is the subject of a customer initiated investment related written complaint on February 3, 2020, in which the customer sought $142,000.00 in damages supported by accusations that an unauthorized transaction was effected in their…
Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with MSI Financial Services is referenced in a customer initiated investment related written complaint on February 11, 2021, in which the customer requested compensatory damages founded upon accusations of unsuitable recommendations by Evan relating to life insurance and annuity products that were sold by Evan…
Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was…
Robert Joseph Boyer III (also known as Bob Boyer) of Wayne Pennsylvania a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he obstructed a FINRA investigation into a customer initiated investment related complaint regarding accusations…
Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity…
Michael John Libmann (also known as Mike Libmann) of Quincy Illinois a stockbroker currently registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $91,000.00 in damages supported by allegations that unsuitable transactions were made by Libmann when he was registered with Pruco Securities LLC….
Joffre Salazar (also known as Jeff Salazar) of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Salazar forged signatures of customers on documents to effect…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated…
Robert Willis Lester of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on October 16, 2019 where the customer requested $32,135.00 in damages founded on allegations that Lester made misrepresentations to the customer regarding the fees and risks relating to an annuity…
Farmers Financial Solutions LLC a securities broker dealer headquartered in Westlake Village California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer failed to supervise its mutual fund business and its variable universal life insurance business. Letter of Acceptance, Waiver and Consent No. 2017052173001…
Eric Peter Burton of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Burton falsifying customers’ documents relating to variable annuity transactions that he effected. Letter of…
Daniel E. Jossen (also known as Dan Jossen) of Bethesda Maryland a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Jossen failed to cooperate with FINRA’s requests when he was investigated by the regulator for unauthorized…
Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu…
UnionBanc Investment Services LLC a securities broker dealer headquartered in Glendale California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that UnionBanc failed to supervise its variable annuity transactions. Letter of Acceptance Waiver and Consent No. 2019062972401 (May 5, 2021). According to the AWC, between January of 2016…
Jeffrey Paul Weiner of Elmsford New York a stockbroker formerly registered with MML Investors Services LLC is referenced in a customer initiated investment related written complaint on February 14, 2021 in which the customer requested more than $5,000.00 in compensatory damages supported by allegations that Weiner made misrepresentations regarding a variable life insurance policy that…
ON Equity Sales Company Inc. (ONESCO) a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that ONESCO failed to supervise sales of variable annuities resulting in a stockbroker having made unsuitable recommendations to customers of the firm. Letter of Acceptance Waiver…
Triad Advisors LLC a securities broker dealer headquartered in Atlanta Georgia has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings of Triad’s failure to supervise its stockbrokers’ transactions resulting in unsuitable trades being effected in customers’ accounts. Letter of Acceptance Waiver and Consent No. 2017052330501 (Feb. 9, 2021). According…
James Ernest Joly of East Greenwich Rhode Island a stockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related complaint on April 21, 2020 where the customer sought $13,000.00 in damages supported by allegations of Joly causing an inappropriate asset transfer into an annuity. Joly has been identified in…
Lester William Burroughs (also known as Chad Burroughs) of Torrington Connecticut a stockbroker formerly registered with Lincoln Investment Planning LLC has been referenced in a customer initiated investment related complaint on October 13, 2020 where the customer requested $126,380.00 in damages supported by allegations that the stockbroker concealed the surrender penalty on an annuity that…
Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. is the subject of a customer initiated investment related written complaint on August 12, 2019 where the customer requested compensatory damages founded on accusations that the customer had not been apprised of important investment information from Grant when making an…
Lisa Ann Brumm (also known as Lisa Ann Moon) of Portland Oregon a stockbroker formerly registered with AXA Advisors LLC has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she provided unsuitable recommendations to customers and made misrepresentations…
Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning…
Paul Rifaat Zakhary of Ocala Florida a stockbroker formerly registered with JP Morgan Securities LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zakhary provided unsuitable investment recommendations to customers of JP Morgan and he neglected to…
Lee Evan Rosenberg of Boca Raton Florida a stockbroker and investment adviser representative of Cadaret Grant Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $51,370.67 in damages based upon allegations that Rosenberg sold the customer a variable annuity that was unsuitable when Rosenberg…
Janine Marie Ruland (also known as Janine Marie Roupe and as Janine Salvadalena) a stockbroker currently registered with NYLife Securities Inc. is referenced in a customer initiated investment related written complaint on September 29, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that the customer had been provided with…
Drew R. Mantel (also known as Drew R. Mentel) of Miamisburg Ohio a stockbroker formerly registered with Ameriprise Financial Services has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Mantel executed trades in customers’ accounts on an unauthorized…
Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim where the customer requested $500,000.00 in damages founded on allegations that investment recommendations made to the customer were not suitable and that misrepresentations had been made by…
Anthony John Leopizzi of White Plains New York a stockbroker currently registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint which was settled on July 20, 2020 for $27,586.23 in damages based upon allegations of stock being sold from the customer’s Ameriprise Financial Services account without the customer’s…
Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with New England Securities and MML Investors Services is the subject of a customer initiated investment related written complaint on September 4, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been provided with misrepresented information in regards to…
Jonathan David Cummings of Hurst Texas a stockbroker of Investacorp Inc. and investment adviser representative of Investacorp Advisory Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that the customer had been placed into alternative investments including real estate investment trusts and…
Glenn Patrick Lattz of Lady Lake Florida a stockbroker formerly registered with Gradient Securities 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 the customer’s annuity accounts had been liquidated which resulted in undue losses and penalties. Financial Industry Regulatory Authority…
Douglas Eugene Keller (also known as Donald Eugene Savery) of Red Bank New Jersey a stockbroker formerly registered with Equitable Advisors (also known as AXA Advisors) is referenced in a customer initiated investment related written complaint on August 10, 2020 in which the customer sought $100,000.00 in damages supported by accusations that misrepresentations had been…
Jeffrey Scott Larson of Saint Louis Missouri a stockbroker formerly registered with Larson Financial Securities LLC is the subject of a customer initiated investment related written complaint on September 15, 2020 where the customer requested more than $10,000.00 in estimated damages founded on allegations that the customer had been inappropriately placed into a variable life…
Wells Fargo Clearing Services LLC a securities broker dealer headquartered in Saint Louis Missouri has been censured and fined $625,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Wells Fargo failed to supervise the suitability of customers’ switches from variable annuities to other investment products through transactions initiated by Wells Fargo stockbrokers. Letter…
Peter Vincent Ianace of Plano Texas a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in undisclosed outside business activities during…
Robert Michael Gianchiglia of Worcester Massachusetts a stockbroker formerly employed by Ameritas Investment Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that private placements had been misrepresented by Gianchiglia during the period in which he was associated with Ameritas investment…
John Patrick Priebe of Waseca Minnesota a stockbroker formerly associated with Principal Securities Inc. has been discharged on October 28, 2019 supported by concerns that Priebe had engaged in bad sales practices relating to mutual fund and variable annuity products and that Priebe failed to provide information to Principal Securities regarding his involvement in those…
Clinton Robert Hare of Marriottsville Maryland a stockbroker and investment adviser representative currently employed by Equitable Advisors LLC (AXA Advisors) has been identified in a customer initiated investment related written complaint on July 2, 2019 where the customer sought unspecified damages founded on accusations that the customer had been placed into an unsuitable variable life…
Adam Gerard Belardino of Elmsford New York a stockbroker formerly employed by MML Investors Services (Massachusetts Mutual life Insurance Company) has been identified in a customer initiated investment related written complaint which was resolved on May 8, 2020 for $51,133.06 in damages founded on accusations of misrepresentations as it pertained to a variable universal life…
Ryan Sanghak Lee of Wayne New Jersey a stockbroker formerly registered with Fidelity Brokerage Services is the subject of a customer initiated investment related written complaint on May 15, 2019 where the customer sought $22,000.00 in damages based upon accusations that Lee poorly advised the customer in regards to surrendering an annuity for managed account…
Leslie Benjamin Goldstein (also known as Les Benjamin Goldstein) of Park Ridge Illinois a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related complaint on December 24, 2018 where the customer sought more than $5,000.00 in estimated damages based upon accusations of the customer not being apprised by…
Pasquale Vitucci (also known as Pat Vitucci) of Walnut Creek California a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $1,350,000.00 in damages based upon accusations that a fiduciary duty was breached by Vitucci in regard to a variable annuity transaction….
Eli Jacob Sanchez of San Antonio Texas a stockbroker registered with Edward Jones is the subject of a customer initiated investment related complaint on December 10, 2018 in which the customer requested unspecified damages based upon allegations of bad advice by Sanchez as it pertained to the Lincoln ChoicePlus Fusion O Share Annuity that was…
Piero Benjamin Dilorenzo of Melville New York a stockbroker formerly registered with NYLife Securities 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 personnel during the period in which he was under investigation for engaging…
Gregory John Stouffer of New York New York a stockbroker formerly registered with Gregory John Stouffer 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 furnish information and documentation to FINRA when he was under investigation. Letter of Acceptance…
Edward Joseph Bosch Sr. of Florence Kentucky a stockbroker formerly registered with Signator Investors Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that misrepresentations were made to the customer about a variable annuity that Bosch sold during the…
Larry Glenn Boggs of Birmingham Alabama a stockbroker formerly employed by First Allied Securities Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages founded on accusations of (1) the violation of Alabama Deceptive Trade Practices Act (2) breach of a contract pertaining…
Mark Angelo Senofonte of Toms River New Jersey a stockbroker registered with Cetera Investment Services is the subject of a customer initiated investment related complaint on September 6, 2019 in which the customer requested $75,000.00 in damages based upon allegations that the customer’s fixed annuity had been liquidated without the customer’s consent and that the…
Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly associated with First Allied Securities Inc. is the subject of a customer initiated investment related complaint on January 21, 2020 in which the customer requested $30,636.16 in damages based upon allegations of the stockbroker misrepresenting an annuity sold to the First Allied Securities customer. Westenbarger…
Edward Anthony Torres of Anaheim California a stockbroker currently employed by Ameriprise Financial Services is the subject of a customer initiated investment related written complaint on November 6, 2019 in which the customer requested $22,169.16 in damages based upon allegations that the customer was provided with poor investment advice by Torres in regards to the…
Christopher Stephen Jorgensen of Setauket New York a stockbroker formerly employed by Summit Brokerage Services Inc. has been identified in a customer initiated investment related arbitration claim which has been resolved for $70,000.00 in damages founded on accusations of unauthorized trading and overconcentration of the customer’s assets in investments including (1) exchange traded funds (2)…
Steven S. Maher Sr.of Oradell New Jersey a stockbroker formerly registered with Next Financial Group has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Maher causing customers to provide him with signed but otherwise incomplete disclosure forms relating…
Michael Kenneth DePasquale (also known as Mikey DePasquale) of Cranford New Jersey a stockbroker associated with M Holdings Securities Inc. and 1717 Capital Management Company has been referenced in a customer initiated investment related civil action which was settled for $7,000.00 in damages supported by allegations that misrepresentations were made by the stockbroker pertaining to…
Steven Farr Davis (also known as Steve Davis) of Wakefield Massachusetts a stockbroker registered with Royal Alliance Associates Inc. has been ordered to (1) cease and desist from violating securities laws or regulations (2) pay a $20,000.00 fine (3) disgorge ill-gotten gains and (4) refrain from seeking registration as a stockbroker or investment adviser representative…
Andrew Charles Berleth of Walnut Creek California a stockbroker currently employed by MML Investors Services has been identified in a customer initiated investment related written complaint on June 11, 2018 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that Berleth made misrepresentations about an annuity that he sold to the customer….
Taj Zachary Rohr of Parkersburg West Virginia a stockbroker formerly registered with BBT Investment Services Inc. is the subject of a customer initiated investment related complaint which has been resolved on January 28, 2019 for $17,000.00 in damages based upon accusations that the customer was poorly advised concerning variable annuities transactions effected when Rohr was…
Michael Brandon Stalcup of Little Rock Arkansas a stockbroker registered with Veritas Independent Partners is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations of his termination from Veritas Independent Partners. FINRA Public Disclosure reveals that Stalcup was discharged by the securities broker dealer on July 18, 2019 based upon allegations that…
Jack Howard Owens Jr. of Lady Lake Florida a stockbroker associated with Gradient Securities LLC has been referenced in a customer initiated investment related arbitration claim which has been resolved for $65,000.00 in damages based upon accusations that between December of 2017 and February of 2018, the customer was placed into bad variable annuities which…
Jimmy Oswald Moscoso of Boca Raton Florida a stockbroker employed by Lincoln Financial Advisors Corporation has been referenced in a customer initiated investment related complaint on March 8, 2019 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that false or misleading statements had been made in regard to the terms and…
Anthony Edward Locascio (also known as Tony Locascio) of Clinton New Jersey a stockbroker currently employed by Kovack Securities Inc. is referenced in a customer initiated investment related complaint which was settled on August 23, 2018 to resolve allegations that the customer had been sold a variable annuity which failed to be appropriate and which…
Robert Charles Wynn of Glendale California a stockbroker formerly employed by Park Avenue Securities LLC is referenced in a customer initiated investment related complaint where the customer requested unspecified damages founded on accusations that (1) the customer was placed into an unsuitable fixed indexed annuity during the time that he was associated with Park Avenue…
Gerald Thomas Coyne (also known as JT Coyne) of Harrisburg Pennsylvania a stockbroker formerly employed by CUSO Financial Services L.P. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Coyne obstructed a FINRA investigation into accusations of (1) his misconduct pertaining to customer accounts…
Charles Lawrence Doraine of Corpus Christi Texas a stockbroker formerly registered with Next Financial Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages founded on accusations that between 2012 to 2018: (1) the customer’s diminished capacity had been exploited by the stockbroker (2) mutual…
Jerry Michael Wells of Rochester New York a stockbroker formerly registered with MetLife Securities Inc. has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wells submitted false information to MetLife in regard to customers’ annuity transactions. Letter of…
James Edward Knee (also known as Jim Knee) of Concord New Hampshire a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 26, 2019 in which the customer requested $20,615.79 in damages based upon allegations that unfounded statements had been made concerning an…
Aaron Phillip Tellez of Las Vegas Nevada a stockbroker currently employed by Raymond James Financial Services is the subject of a customer initiated investment related written complaint on August 1, 2019 where the customer requested $123,670.00 in damages supported by accusations that (1) Tellez provided the customer bad advice concerning a variable annuity and (2)…
Timothy Robert Millis of Okemos Michigan a stockbroker formerly employed by NYLife Securities LLC has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Millis poorly advised customers of NYLife Securities LLC in regard to a short-term mutual fund trading…
Adam David Kaplan of Scottsdale Arizona a stockbroker currently employed by Voya Financial Advisors Inc. is referenced in a customer initiated investment related written complaint on September 13, 2019 in which the customer sought $69,275.00 in damages supported by accusations that unfounded statements had been made to the customer concerning the terms and conditions of…
James Gregory McKinney (also known as Greg McKinney) a stockbroker formerly employed by Cetera Advisors LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to cooperate with a FINRA investigation into accusations of him engaging in trading or other activities in violation of FINRA rules. Department of…
Leon Michael Almeida of Paramus New Jersey a stockbroker currently registered with MML Investors Services (also known as MetLife) is referenced in a customer initiated investment related complaint on August 16, 2019 in which the customer sought damages estimated to exceed $5,000.00 based upon allegations that false or misleading statements had been made in regard…
Roxann Geraldine Romano (also known as Roxann Geraldine Davanzo) of New York New York a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim where the customer sought $1,755,896.00 in damages based upon accusations that Romano gave the customer bad investment advice concerning the purchase of variable…
Todd Joseph Thompson of Atlanta Georgia a stockbroker currently registered with SunTrust Investment Services Inc. is the subject of a customer initiated investment related written complaint on March 27, 2019 where the customer requested $19,367.00 in damages founded on allegations that false or misleading statements were made about terms of an equity indexed annuity that…
James Joseph Beaupre (also known as Jim Beaupre) of Longmont Colorado a stockbroker formerly registered with BancWest Investment Services Inc. is referenced in a customer initiated investment related written complaint which was settled on September 21, 2017 to resolve allegations that the customer had been inappropriately placed in annuity policies issued through Principal, Jackson and…
Elaine Marie Zito of Scottsdale Arizona a stockbroker formerly registered with Questar Capital Corporation is referenced in a customer initiated investment related arbitration claim in which the customer requested $87,397.47 in damages founded on accusations of the customer being placed into investments including fixed and variable annuities which were not appropriate for the customer during…
Michael Andrew Norman of Reno Nevada a stockbroker formerly registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint on April 18, 2019 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that the customer was placed into a variable annuity by Norman that failed to…
Richard Paul Martin of Wappinger Falls New York a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint on April 29, 2019 where the customer requested $13,763.63 in damages based upon allegations of the customer being poorly advised by Martin in regard to the purchase of…
Christina Sabengsy (also known as Christina Ioana Colwell) of Deerfield Iowa a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that the signatures of NYLife Securities LLC customers had been forged by her on documentation to effect…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related complaint on June 3, 2019 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that (1) bad recommendations of alternative investments including business development companies had been made to the…
Marc Ang of Sherman Oaks California a stockbroker formerly registered with Pruco Securities LLC is referenced in a customer initiated investment related written complaint on August 20, 2018 in which the customer requested unspecified damages founded on allegations of non-disclosures by Ang as it concerned the risks and guarantees of a variable annuity that had…
David Joseph Escarcega of Phoenix Arizona a stockbroker formerly employed by Center Street Securities Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages supported by accusations that CNL Lifestyle Real Estate Investment Trust and other mutual fund trades executed in customers’ accounts failed to be suitable…
Matthew Lee Geiser of Grand Island Nebraska a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related complaint which has been settled for $63,653.28 in damages on January 22, 2018 founded on accusations that Geiser falsified information concerning the guaranteed returns of an annuity he sold to the…
Brad William McDowell of Niles Illinois a stockbroker formerly registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint which was resolved for $44,098.67 on July 17, 2017 founded on accusations that the customer was placed into an annuity that failed to be suitable for the customer during the…
Fred Shlesinger of Addison Texas a stockbroker formerly employed by Principal Securities Inc. is the subject of a customer initiated investment related complaint on October 14, 2018 regarding Shlesinger’s conduct where the customer sought damages estimated to exceed $5,000.00 based upon accusations that misrepresentations were made to the customer concerning the funding of a variable…
Sof New York New York a stockbroker formerly registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on January 2, 2018 where the customer sought $97,140.00 in damages based upon allegations that the customer was placed into unsuitable annuity products between 2012 and 2016. Financial Industry Regulatory Authority…
Planmember Securities Corporation a securities broker dealer with main offices in Carpinteria California has been censured and fined $90,000.00 by Financial Industry Regulatory Authority (FINRA) based in part upon findings that (1) Planmember Securities Corporation failed to supervise the execution of variable annuity exchanges to determine if they were appropriate for customers and (2) Planmember…
Amr Mostafa Amboulmagd of Horsham Pennsylvania a stockbroker formerly employed by NYLife Securities LLC is referenced in a customer initiated investment related written complaint which was settled for $15,834.58 in damages on May 30, 2017 founded on accusations that Amboulmagd made misrepresentations to the customer with respect to the fees and guarantees on a variable…
Jason Reed Nelson of Tremonton Utah a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to…
Woodbury Financial Services Inc. a securities broker dealer headquartered in Oakdale Minnesota has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the suitability of annuities transactions placed in customers’ accounts to ensure that the transactions were complaint with FINRA rules…
AXA Advisors LLC a securities broker dealer headquartered in New York New York has been censured and fined $600,000.00 by Financial industry Regulatory Authority (FINRA) based on findings that (1) AXA Advisors made misrepresentations about the bonds sold to the firm’s retirement account customers and (2) AXA Advisors neglected to supervise its practices to ensure…
Peter Frank Valdez of Junction New York a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on September 19, 2018 where the customer sought $17,000.00 in damages founded on accusations that while Valdez was associated with Wells Fargo, omissions had been made to…
Frederick David Holloway of Easton Maryland a stockbroker formerly employed by Holloway Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Amended Hearing Panel Decision containing findings that (1) Holloway made bad annuity recommendations to customers of the firm and (2) Holloway omitted…