TENNESSEE: August 30, 2024. The Guiliano Law Group filed an action before the Financial Industry Regulatory Authority against an “Internet Only” broker-dealer, an “Internet Only” bank affiliate, and its Clearing Firm for the failure to supervise, and the violation of The Electronic Funds Transfer Act and the SEC “Customer Protection Rule” for hacking and theft…
Daryl Ray Calton, of Mesa, Arizona, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate investment trusts (REITs) when Calton…
Eric Andrew Wittenberg, of Mount Kisco, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $425,000.00 in compensatory damages because UBS Financial Services Inc. was held liable on the customer’s claims,…
Frank Enrique Lumpuy, of Miami, Florida, a stockbroker registered with Kovack Securities Inc., has been discharged by the securities broker dealer on February 23, 2024, based upon his alleged involvement in a customer loan. This is not the first time that Lumpuy has been discharged for conduct in the securities industry. On June 9, 2006,…
James Earl Williams, of Boca Raton, Florida, a stockbroker registered with Newbridge Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $5,000.00 in damages based upon alleged breach of fiduciary duty, violation of state securities laws, and breach of contract when…
James Paul Siemonsma, of Omaha, Nebraska, a stockbroker registered with ProEquities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in damages based upon the alleged unsuitable investment recommendation of oil and gas investments when Siemonsma was associated with ProEquities Inc….
Jerry Dale Kiefer, of Edmond, Oklahoma, a stockbroker registered with Equitable Advisors LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs during the time that…
John Christoforidis, of Garden City, New York, a stockbroker registered with Spartan Capital Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Christoforidis refused to testify during a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2018056490313 (August 7, 2024). FINRA’s action against Christoforidis…
John Hubert Chaney, of Manchester, Missouri, 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 $500,000.00 in damages based upon alleged negligence and the unsuitable investment recommendation of corporate bonds when Chaney was associated…
John Noel Marcheso, of Anaheim, California, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Marcheso was associated with Centaurus…
Joseph Dewey Jackson (also known as Joe Jackson and Joey Jackson), of Fayetteville, North Carolina, a stockbroker registered with Capital Investment Group Inc., 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 alleged failure to supervise, breach…
Juan Hua Liang (also known as Joyce Liang and as Juanhua Liang), of Daly City, California, a stockbroker registered with NI Advisors, is 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 upon alleged breach of fiduciary duty and…
Kim Ray Kunz, of Atascadero, California, a stockbroker registered with Westpark Capital Inc., has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kunz made the unsuitable investment recommendation of “high-risk investment products” to customers during the time that Kunz was associated…
Kimberly Ann Mallas (also known as Kimberly Ann Kaufman), of Draper, Utah, a stockbroker formerly registered with Transitional Broker LLC, has been discharged by the securities broker dealer on January 18, 2024, based upon alleged unauthorized transactions in annuities. According to Transitional Broker LLC, Mallas violated Financial Industry Regulatory Authority (FINRA) rules by submitting annuity…
Lawrence Roger Rice, of Lauderdale by the Sea, Florida, a stockbroker registered with Centaurus Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rice refused to provide information and documents requested by FINRA in connection with its investigation into Rice’s resignation from Centaurus Financial. Letter…
Marat Likhtenstein, of Brooklyn, New York, a stockbroker registered with Osaic Wealth Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Likhtenstein failed to comply with FINRA’s investigation requests concerning his termination from Osaic Wealth. Letter of Acceptance, Waiver, and Consent No. 2024082598101 (August 5, 2024)….
Matthew Jason Childs, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, has been suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Childs made the unsuitable investment recommendation of non-traditional exchange-traded funds ETFs to customers during the time that he was associated with…
Michelle Elise Anthony (also known as Michelle Elise Murphy-Wall), of Tucson, Arizona, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon alleged breach of fiduciary duty, misrepresentation, and the unsuitable…
Nathaniel Royce Clay (also known as Nate Clay), of New York, New York, a stockbroker registered with Laidlaw Company (UK) Ltd., has been permanently barred from acting as a stockbroker or in any other capacity in the securities industry by Securities and Exchange Commission (SEC). This sanction follows allegations that Clay made unsuitable invesytment recommendations,…
Ray Don Gallette, of El Dorado Springs, Missouri, a stockbroker registered with Coastal Equities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of alternative investments when Gallette was associated with Coastal Equities…
Richard Jay Rustic, of Bristol, Connecticut, a stockbroker registered with Commonwealth Financial Network, is the subject of a customer initiated investment related civil action in which the customer requested damages based upon alleged breach of fiduciary duty when Rustic was associated with Commonwealth Financial Network. Civil Action No. HHD-CV-24-6181034S (February 26, 2024). The claim alleged…
Richard John Donatelli (also known as Rick Donatelli), of Columbiana, Ohio, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 2, 2024, in which the customer requested $79,437.04 in damages based upon the alleged unsuitable investment recommendation of variable annuities when Donatelli was associated…
Robert James McKee (also known as Bob McKee), of Michigan City, Indiana, a stockbroker registered with Sagepoint Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $20,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities…
Robert Joseph Earls Jr., of Roanoke, 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 damages based upon the alleged unsuitable investment recommendation of real estate securities when Earls was associated with LPL Financial…
Roger Scott Green, of Duluth, Georgia, a stockbroker registered with Cetera Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on December 17, 2021, for $27,500.00 in damages based upon the alleged unsuitable investment recommendation of real estate securities during the time that Green was associated with Cetera Advisors…