John Michael Tinnelly of Hawthorne New York a stockbroker formerly registered with Woodstock Financial Group is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by accusations that (1) over-the-counter equities trades executed in the customer’s account were not suitable for the customer given the customer’s investment goals or financial status (2) fiduciary duties owed to the customer had been breached (3) unauthorized trades were effected in the customer’s account (4) and the customer was defrauded in reference to the activities Tinnelly engaged in while associated with Woodstock Financial Group. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00026 (Jan. 8, 2018).
FINRA Public Disclosure reveals that Tinnelly has been identified in ten additional customer initiated investment related disputes containing allegations of his misconduct during the time that he was associated with securities firms including Monroe Parker Securities Inc. and Woodstock Financial Group. For example, Tinnelly was subject of a customer initiated investment related arbitration claim in which the customer was awarded $97,563.00 in compensatory damages based on Tinnelly having been found liable on the customer’s claim of Tinnelly participating in a scheme to defraud the customer wherein Tinnelly supposedly concealed information about the risks of investments that were recommended to the customer while he was associated with Monroe Parker Securities Inc.
Then, a customer initiated investment related arbitration claim concerning Tinnelly’s activities was settled for $125,000.00 in damages founded on accusations that while Tinnelly was associated with Woodstock Financial Group: unsuitable trades were executed in the customer’s account; the customer’s account had been churned; fiduciary duties owed to the customer were violated; trades had been effected in the customer’s investment account that the customer did not authorize; omissions were made to the customer concerning the markups and markdowns assessed on over-the-counter equities; and the customer sustained losses because of Tinnelly’s fraudulent activities. FINRA Arbitration No. 13-02289 (Sept. 29, 2014).
Subsequently, a customer initiated investment related arbitration claim regarding Tinnelly’s conduct was resolved for $60,500.00 in damages based upon allegations that misrepresentations were made concerning investments selected for the customer’s account; the customer’s contract had been breached; the customer’s account was handled in a negligent manner; trades were executed without the customer’s consent; the customer’s investment portfolio had been churned; and over-the-counter equities effected in the customer’s account failed to be suitable for the customer. FINRA Arbitration No. 15-00736 (Aug. 30, 2016).
Thereafter, a customer initiated investment related arbitration claim involving Tinnelly’s activities was settled for $49,500.00 in damages supported by accusations of securities law violations; breach of contract; misrepresentation; fraud; unauthorized trading; unsuitability; excessive commissions; and churning of the customer’s over-the-counter equities portfolio while Tinnelly was employed by Woodstock Financial Group. FINRA Arbitration No. 15-00458 (July 10, 2017).
Tinnelly’s registration with Woodstock Financial Group Inc. has been terminated as of October 26, 2018. He has been associated with at five different broker dealers, including Monroe Parker Securities Inc., who have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #COCKROACH
