Wayne Fitzgerald Ford of Farmingdale, New York, a stockbroker formerly with Salomon Whitney Financial, but now out of the business is the subject of a pending customer dispute from March 14, 2016, in which the customer requested $50,000.00 in damages based upong the allegations that Ford breached his contractual and fiduciary obligations and effecting unsuitable transactions in the customers account and that Salomon Whitney failed to supervise him.
FINRA Public Disclosure records reveal that Ford is a veteran of the securities arbitration process, and has been subject to almost ten reported customer claims. On August 28, 2014, Ford settled a customer dispute for $125,000.00 after the customer alleged that Ford engaged in churning of the customer’s account, unauthorized trades, failed to supervise, and engaged in unsuitable investment practices.
On December 26, 2012, Ford settled a customer dispute for $10,000.00 after the customer alleged that Ford breached his contractual and fiduciary obligations, and committed securities fraud. Ford was also subject to a customer dispute on July 12, 2006, in which the customer requested $56,000.00 in damages amid allegations against Ford of trading in the customer’s account without requisite authorization.
On February 5, 2002, Ford settled a customer dispute for $5,000.00 after the customer alleged that Ford engaged in the unauthorized trading of the customer’s account. Ford was again accused of unauthorized trading per a customer dispute from January 7, 2002, in which the customer sought $100,000.00 in damages as a result.
Since 1997, Ford has been associated with sixteen different broker dealers, all operating from office along the Long Island Stockbroker Maggot Mile, and of which, fourteen have been expelled by securities regulators for violation of the federal securities laws or are otherwise defunct.
Guiliano Law Group
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