Jeffrey Tyler Shaver, of Atlanta, Georgia, a stockbroker registered with Arkadios Capital, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,000,000.00 in damages based on allegations of stockbroker negligence, overconcentration, and the unsuitable investment recommendation of alternative investments and real estate…
Richard Allen Ceffalio Jr. (also known as Rich Ceffalio), of Arlington Heights, Illinois, a stockbroker registered with LPL Financial, is under a Financial Industry Regulatory Authority (FINRA) investigation as of October 2, 2024. FINRA reportedly issued a Wells Notice for potential violations of FINRA Rules 3240 and 2010. The allegations involve Ceffalio possibly borrowing from…
Christopher Brian Riggs (also known as Chris Riggs), of Petersburg, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested over $5,000.00 in damages based upon allegations the he made the unsuitable investment recommendations of…
Stephen Herman Wedel (also known as Steve Wedel), of Creve Coeur, Missouri, a stockbroker formerly registered with LPL Financial, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on May 16, 2022. The customer sought $95,000.00 in damages based on the allegation that Wdel made the…
Haiguang Yin (also known as Hai Guang Yin and John Yin), of Arcadia, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The claim was filed on April 16, 2024. The customer alleged unsuitable investment recommendations, misrepresentation of…
On March 25, 2024, New Jersey Bureau of Securities issued a cease and desist order against Carlos Antonio Garceran, of New York, New York, a stockbroker formerly associated with the defunct Whale Securities Company LP and Financial Group Corporation. Specifically, Garceran was ordered to pay $150,000.00 in civil penalties for allegedly misusing a customer’s funds…
Eric Jose Garcia, of Coral Gables, Florida, a stockbroker registered with Essex National Securities LLC, was the subject of a customer initiated investment related complaint filed on March 21, 2024. The customer requested $105,000.00 in damages based on allegations of failure to conduct due diligence and the unsuitable investment recommendation of an offshore annuity. On…
Andrew William Payne, of Hartford, Connecticut, previously registered with UBS Financial Services, is the subject of two customer initiated investment related disputes. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that in the first dispute, the customer alleged that Payne had shares journaled and sold to another account without authorization from the customer between July…
Rafael Scott Klein (also known as Rafe Klein), of Westport, Connecticut, a stockbroker registered with David Lerner Associates Inc., is under a Financial Industry Regulatory Authority (FINRA) investigation. Public Disclosure shows that on March 18, 2024, the regulator issued a Wells Notice recommending disciplinary action against the stockbroker. Klein potentially violated FINRA Rules 2111 and…
Ashley Charles Woodard, of Greenville, South Carolina, a stockbroker and investment adviser representative associated with Voya Financial Advisors Inc., is the subject of eighteen (18) customer initiated investment related disputes. On March 14, 2024, customers filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim involving Woodard’s conduct. The customers alleged the unsuitable…
Eric Todd Bilitz, of Indianapolis, Indiana, a stockbroker formerly registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 8, 2024. The customer requested $8,489.81 in damages, alleging that Bilitz made the unsuitable investment recommendation of a RiverSource Multi-Index policy based on the customer’s needs and…
Deborah Sue Anderson (also known as Deborah Sue Beemer), of Redlands, California, a former stockbroker registered with Centaurus Financial Inc., is the subject of thirteen (13) customer initiated investment related complaints alleging unsuitable investment recommendations. Specifically, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed on February 28, 2024,…
Christopher Carl Cavallaro, of Rockland, Massachusetts, a stockbroker registered with LPL Financial LLC, has been the subject of eleven customer initiated, investment related disputes that consist of customer complaints and Financial Industry Regulatory Authority (FINRA) arbitration claims. According to FINRA Public Disclosure, on August 30, 2024, a customer filed an investment related FINRA securities arbitration…
James Roy Paige, of Vero Beach, Florida, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on February 6, 2024. The customers alleged that in 2021, Paige made investment recommendations that were unsuitable given the customers’ investment…
Brian Dunn, of San Francisco, California, a stockbroker and former CEO of Growth Capital Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on January 24, 2024. The customers requested $2,000,000.00 in damages, alleging that Growth Capital Services stockbrokers or other representatives sold fraudulent…
Donald Lorne Keith Jr., of Boston, Massachusetts, a stockbroker registered with Raymond James Associates Inc., was discharged as a stockbroker on January 12, 2024. The securities broker dealer alleged that Keith engaged in conduct in violation of firm policies regarding the correction of trading errors. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that…
Edward Muster, of Boca Raton, Florida, a stockbroker registered with Herbert J. Sims Co., is the subject of six customer initiated investment related complaints concerning his conduct while registered with securities broker dealers. On January 26, 2024, a customer filed an investment related complaint alleging the unsuitable investment recommendation of private placements. The customer sought…
Stephen Marchelo Medina, of Corpus Christi, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on September 27, 2023. The customer alleged misrepresentations, and that Medina made unsuitable investment recommendations. The customer sought $782,500.00 in…
Lisa Babin Mantei (also known as Lisa Lyn Mantei), of Lexington, South Carolina, a stockbroker registered with Centaurus Financial Inc., according to FINRA Public Disclosure, has been referenced in six customer initiated investment related complaints. On June 14, 2023, a customer filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim about Mantei,…
Kenneth Alfred McCabe, of West Hills, California, a stockbroker registered with Centaurus Financial Inc., is the subject of two customer initiated investment related disputes. On November 23, 2021, a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim was filed. The customer alleged that from 2014 through 2018, McCabe misrepresented illiquid investments….
Edward Mark Lubell (also known as Ned Lubell), of West Palm Beach, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of five customer initiated disputes. On February 9, 2022, a customer filed an investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim against UBS Financial Services, seeking $99,000.00 in damages….
Mitchell Craig Voss (also known as Mitchell Craig Vossenkemper), of Camarillo, California, a stockbroker registered with Mutual Securities Inc., is the subject of two customer initiated investment related complaints. These complaints involve allegations of breach of contract, breach of fiduciary duty, negligence, misrepresentation and omission, and violations of Financial Industry Regulatory Authority (FINRA) rules and…
Roderick K. Von Lipsey, of Washington, District of Columbia, a stockbroker registered with UBS Financial Services Inc., is the subject of four customer initiated investment related disputes alleging sales practice violations such as unsuitable recommendations and misrepresentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that on August 10, 2020, a customer filed an investment…
Paul Thomas Pavelski, of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related complaint filed on June 6, 2024. The customer requested $100,000.00 in damages, alleging misrepresentations and omissions of material fact, unsuitable investment recommendations, failure to conduct due diligence, and violations of securities industry rules…
Timothy Richard Farris, of West Bloomfield, Michigan, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related complaint filed on May 22, 2024. The customer sought $33,000.00 in damages, based on allegations of the unsuitable investment recommendation of variable annuities and index funds when he was registered with Cetera…