Alan Mark Mason of New York, New York, a stockbroker registered with Westpark Capital Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $33,200.00 in damages based upon allegations that Mason engaged in unsuitable trading, failed to perform due diligence, and made unsuitable…
Arthur Gilbert Faren of Fort Lauderdale, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $29,500.00 in damages based upon allegations that Faren did not follow the customer’s instructions regarding stop limit orders when Faren…
Brent William Makarczyk, of Kingston, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $54,500.00 in damages based upon allegations that Makarczyk made unsuitable recommendations of real estate securities, life insurance products, and variable…
Clayton Kwok Shum, of Burlingame, California, a stockbroker registered with Grove Point Investments LLC, has been discharged by the securities broker dealer on January 12, 2023, based upon allegations that Shum engaged in unapproved customer-related financing activities and did not report customer complaints. Financial Industry Regulatory Authority (FINRA) Public Disclosure also shows that Shum is…
Daniel Joe Baldwin of Walnut Creek, California, a stockbroker registered with Morgan Stanley, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Baldwin made misrepresentations of material fact in connection with the sale of corporate…
Donald Trendley McKiernan of Antioch, Illinois, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $45,000.00 in damages based upon allegations that McKiernan failed to supervise certain representatives’ GWG L Bond sales resulting in misappropriation when McKiernan…
Gary James Najarian, of West Newton, Massachusetts, a stockbroker registered with Perpetual Financial, has been fined $72,500.00 by Florida Office of Financial Regulation because Najarian made investment recommendations to customers without having registration in the state. Order No. 112091-SR (February 15, 2023). Najarian also consented to a Cease and Desist order. Financial Industry Regulatory Authority…
Jack Ryan Riley, of Warren, New Jersey, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,450,000.00 in damages based upon allegations that Riley made misrepresentations of material fact and made unsuitable recommendations of…
James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties,…
Jeffrey Allen Morris of Estes Park, Colorado, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Morris made unsuitable recommendations and was negligent in connection with the…
John Richard Matheis (also known as J. Richard Matheis and as Ric Matheis), of Overland Park, Kansas, a stockbroker formerly registered with Union Capital Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to testify in an investigation into his potential sales practice violations…
Jorge Miguel Alvarez, of Miami, Florida, a stockbroker registered with SunTrust Investment Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $293,000.00 in damages based upon allegations that Alvarez made unsuitable recommendations of Guaranteed Investment Contracts or GICs when Alvarez was…
Joseph Corey Quintons, of Alpharetta, Georgia, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quintons failed to cooperate during an investigation into his potential violations of FINRA rules relating to regulatory disclosures. Letter of Acceptance, Waiver, and Consent…
Kevin Joseph Carroll of Glastonbury, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member because he borrowed a customer’s funds and engaged in unauthorized trading in unit investment trusts during the time that he was associated…
Kimberlee Marie Orth (also known as Kim Kais and Kimberlee Kais), of Wilmington, Delaware, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on June 14, 2022, for $41,642.25 in damages based upon allegations that Orth provided inaccurate information to the customer concerning…
Lilia Nia (also known as Lilia Niyazova), of Fairfield, New Jersey, a stockbroker registered with Purshe Kaplan Sterling Investments Inc. (PKS), has been fined $5,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Nia engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent…
Mark Wilkinson Richards (also known as Mark Dickey), of Albuquerque, New Mexico, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $220,000.00 in damages based upon allegations that Richards made omissions of material fact in…
Michael John Wagner of Atlanta, Georgia, a stockbroker registered with Morgan Stanley, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,100,000.00 in damages based upon allegations that Wagner engaged in unsuitable trading in options during the time that Wagner was associated with…
Nicholas Randolph Radke Jr. (also known as Randy Radke), of Lake Oswego, Oregon, a stockbroker registered with American Independent Securities Group LLC, has been fined $60,000.00 by Oregon Division of Financial Regulation because Radke made omissions and misrepresentations of material fact. Consent Order No. S-19-0040 (May 11, 2021). The Oregon Division of Financial Regulation initiated…
Rami Sassoon (also known as Rami Sela and Ram Sassen), of New York, New York, a stockbroker registered with Cetera Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Sassoon made unsuitable recommendations…
Ronald Matthew Hoyle (also known as Ron Hoyle), of Tomball, Texas, a stockbroker registered with J.W. Cole Financial Inc., is the subject of a customer initiated investment related complaint filed on May 2, 2023, in which the customer requested $33,000.00 in damages based upon allegations that Hoyle made unsuitable recommendations of variable annuities during the…
Scott Dale Syde (also known as Scott Dale Syde), of Bloomington, Minnesota, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related civil action that was settled for $150,000.00 in damages based upon allegations that Syde, now deceased, managed a private investment account for the customer during the…
Shawn David Bumgardner of Southgate, Michigan, a stockbroker registered with Ameriprise Financial Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Bumgardner made unsuitable recommendations of variable annuities when Bumgardner was associated with…
Thomas Marion McDonald, of Cleveland, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related complaint that was settled on March 14, 2023, for $262,500.00 in damages based upon allegations that McDonald made omissions of material fact in connection with the sale of private placements when McDonald was…
Troy Jason Goldberg, of Boca Raton, Florida, a stockbroker registered with National Securities Corp., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Goldberg made unsuitable recommendations of private placements when Goldberg was associated with National…