Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry…
Stephenie Ashley Collins (also known as Stephenie Ashley Purvine), of Cordell, Oklahoma, a stockbroker registered with State Farm VP Management Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Collins converted funds. Letter of Acceptance, Waiver, and Consent No. 2023078014501 (April 13, 2023). According to the…
Patrick Christopher Durst of Centennial, Colorado, a stockbroker registered with Lifemark Securities Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Durst made unsuitable recommendations of certain alternative investments during the time that Durst was associated with Lifemark…
Joseph Adam Eisler of New York, New York, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related complaint that was settled on March 20, 2023, for $900,000.00 in damages based upon allegations that Eisler made misrepresentations of material fact in connection with the sale of stocks. Financial Industry Regulatory…
Kenneth Joseph Fisher III of Sewickley, Pennsylvania, a stockbroker registered with RBC Capital Markets LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $10,142.17 in damages based upon allegations that Fisher breached his fiduciary duties in connection with the recommendation and sale of stocks when…
Mark Phillip Goetz of Huntington Station, New York, a stockbroker registered with Network 1 Financial Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $420,000.00 in damages based upon allegations that Goetz committed fraud, breached his fiduciary duties, made unsuitable recommendations, and failed to…
Howard Hao-Chung Hsieh (also known as Hao-Chung Howard Hsieh), of Irvine, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Hsieh made unsuitable recommendations of real estate securities when Hsieh was associated…
Jason Wellington Jodway, of Waterford, Michigan, a stockbroker registered with Allstate Financial Services LLC was the subject of a civil action brought by Michigan Corporations, Securities, and Commercial Licensing Bureau. According to a Default Judgment, Jodway violated state securities laws by engaging in securities business without registration and making omissions of material fact. Case No….
Kevin Dominic Klickna, of Springfield, Illinois, a stockbroker registered with Equitable Advisors 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 because Klickna committed forgery. Acceptance, Waiver, and Consent No. 2021071200801 (January 4, 2023). In April 2021, Equitable Advisors LLC submitted…
Delio Eduardo Londono (also known as Del Londono), of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint filed on December 14, 2021, in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations of material…
George Ly of Los Angeles, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $700,000.00 in damages based upon allegations that Ly made unsuitable investment recommendations of Real Estate Investment Trusts (REITs) during the period that Ly was…
Joel Christopher Riedel of Lockport, New York, a stockbroker registered with NYLife Securities LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Riedel lied and mismarked order tickets to falsely claim that investors purchased questionable Unit Investment Trusts (“UITs”) on…
Marcus Kovac Moon, of Miramar, Florida, a stockbroker registered with NYLife Securities LLC, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Moon made improper recommendations and engaged in securities business without the proper registration. SEC v. Marcus K. Moon, Complaint No. 0:23-cv-60715 (April 17, 2023). The Complaint filed by…
Scott Paul Smith of Huntington Beach, California, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith borrowed customer funds. Acceptance, Waiver, and Consent No. 2020066349702 (January 5, 2023). Smith served as a registered representative at Edward…
Kyle W. Steibel, of Belleville, Illinois, a stockbroker registered with CUNA Brokerage Services Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Steibel failed to respond to FINRA’s request for information. FINRA Case No. 2022074241501 (May 1, 2023). According to FINRA’s Notice of Suspension letter issued…
Anthony Michael Tassone, of Springfield, Massachusetts, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer initiated investment related complaint filed on October 24, 2022, in which the customer requested compensation based upon allegations that Tassone caused the customer to believe that their principal would not be reduced in an…
David Brian Test of Dallas, Texas, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on December 21, 2021, for $18,221.12 in damages based upon allegations that Test made omissions of material fact in connection with the sale of municipal bonds during…
Chingyuan Chang (also known as Gary Chang), of Cupertino, California, a stockbroker registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Chang failed to testify when FINRA investigated the stockbroker for possible misappropriation. Acceptance, Waiver, and Consent No. 2022075871401 (December 19, 2022). On…
Kenneth John Byrne of Garden City, New York, a stockbroker registered with Janney Montgomery Scott LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Byrne failed to testify during the period that FINRA investigated the stockbroker for possible unsuitable investment recommendations. Acceptance, Waiver, and Consent No….
Clinton F. Byrd, of Tallahassee, Florida, a stockbroker registered with Cantella Co. Inc., has been discharged by the securities broker dealer on May 28, 2021, based upon allegations that Byrd failed to disclose certain outside business activities. On January 9, 2023, Byrd was suspended by FINRA for the undisclosed sale of promissory notes. Department of…
Brian M. Wurdemann, of New York, New York, a stockbroker registered with RBC Capital Markets LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Wurdemann failed to comply with an arbitration award rendered against him for collection on a promissory note FINRA Arbitration No. 22-01681 (March…
Matthew Gary Barks (also known as Matt Barks), of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barks failed to testify during the time that FINRA investigated the stockbroker for possible forgery. Acceptance, Waiver,…
James Michael Armour, of Wayzata, Minnesota, a stockbroker registered with Ausdal Financial Partners Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Armour made unsuitable recommendations, breached his fiduciary duties, failed to perform due diligence, and failed to…
Scott Erik Aabel (also known as Scott Eric Aabel), of Osprey, Florida, a stockbroker registered with Spire Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Aabel made unsuitable recommendations of variable annuities and alternative investments during…
Avi J. Bialo, of Los Angeles, California, a stockbroker registered with Arete Wealth Management LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $160,000.00 in damages based upon allegations that Bialo made unsuitable recommendations of alternative investments during the time that Bialo was associated with…