Joseph Morris Thurnherr of New York New York a stockbroker formerly registered with Wynston Hill Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Thurnherr failed to furnish information to FINRA personnel when a customer’s complaint alleging Thurnherr’s misconduct was examined by the regulator. Letter of Acceptance Waiver and Consent No. 2019061944201 (Feb. 24, 2020).

According to the AWC, on February 3, 2020, a request had been made by FINRA personnel for Thurnherr to provide information and documentation in response to the allegations set forth by a customer who complained about him. The AWC stated that FINRA was contacted on February 4, 2020 by Thurnherr’s legal counsel who conveyed that Thurnherr did not plan to disclose what FINRA asked for. The stockbroker subsequently confirmed that he would produce nothing for FINRA in the investigation. FINRA determined that Thurnherr violated FINRA Rules 2010 and 8210.

FINRA Public Disclosure reveals that Thurnherr has been identified in seven customer initiated investment related disputes containing allegations of his misconduct while employed with National Securities Corp, First Standard Financial Company and Meyers Associates LP. On June 24, 2015, a customer filed an investment related arbitration claim involving Thurnherr’s conduct in which the customer requested $536,180.09 in damages. According to the claim, misrepresentations had been made to the customer in regard to investments.

The claim also alleged that contractual obligations and fiduciary duties owed to the customer were breached and that Thurnherr’s unsuitable and unauthorized equities transactions caused the customer to incur undue investment losses.

Thurnherr is the subject of another customer initiated investment related arbitration claim which settled for $14,249.00 in damages based upon allegations that the customer’s account was overconcentrated in speculative stocks and over the counter equities which failed to be suitable for the customer during the time that Thurnherr was associated with First Standard Financial Company. FINRA Arbitration No. 16-01460 (June 23, 2016).

On April 17, 2017, a customer filed an investment related arbitration claim involving Thurnherr’s conduct in which the customer requested $383,000.00 in damages for unwarranted investment losses. FINRA Arbitration No. 17-00884. According to the claim, over the counter equities trades effected in the customer’s account lacked the customer’s consent and failed to be suitable. The claim also alleged that the customer’s account was churned by the stockbroker.

On October 16, 2019, another customer initiated investment related arbitration claim involving Thurnherr’s conduct was settled for $50,000.00 in damages. FINRA Arbitration No. 19-00494.

According to the claim, fiduciary duties owed to the customer had been breached. Misrepresentations were allegedly made by the stockbroker about over the counter equities. The claim also alleged that Thurnherr’s trading was not appropriate for the customer’s situation.

Thurnherr’s registration with Wynston Hill Capital has been terminated as of June 20, 2019. Since January 18, 2011, he has been associated with three different securities broker dealers who are either defunct or have been expelled by securities regulators for violation of federal securities laws.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitration.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website