NEXT Financial Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Over Concentration   |   Comments Off on NEXT Financial Stockbroker Charged With Unsuitable Recommendations

Charles Chester Kulch of Nashua New Hampshire a stockbroker formerly registered with NEXT Financial Group Inc. has been charged by Massachusetts Securities Division with violating Massachusetts laws founded on accusations that he sold risky, illiquid and unsuitable non-traded REITs to customers and had overconcentrated their accounts in those products. In the Matter of Charles C. […]

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Investors Accuse Kalos Capital Of Unsuitable Trading

May 15, 2021  |   Posted by :   |   Alternative Investments, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Kalos Capital Of Unsuitable Trading

Arni Jat Diamond (also known as Arni Jay Diamond) of Jacksonville Florida a stockbroker formerly registered with Kalos Capital Inc. is the subject of a customer initiated investment related written complaint which was resolved on January 18, 2021 for $17,749.00 in damages based upon allegations that Diamond’s alternative investment advice or handling of the customer’s […]

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IFS Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on IFS Stockbroker Charged With Unsuitable Recommendations

Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) with engaging in private securities transactions, making unsuitable recommendations and failing to cooperate with FINRA during the period that he was under investigation. Department of Enforcement v. Steven Douglas Schisler Disciplinary Proceeding […]

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FINRA Charges Woodstock Stockbroker With Obstruction

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on FINRA Charges Woodstock Stockbroker With Obstruction

Hugues Guirand of Virginia Beach Virginia a stockbroker formerly registered with Woodstock Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with its investigation into accusations of his solicitation of real estate investment trusts while he was associated with Woodstock Financial Group. Department of Enforcement v. Hugues Guirand Disciplinary […]

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LPL Stockbroker Sanctioned By FINRA For Customer Loan

May 15, 2021  |   Posted by :   |   Churning, Customer Loans, Investment and Regulatory News   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Customer Loan

Elias Moses Hakimian (also known as Elias Moses Lopez-Hakimian) of Seal Beach California a stockbroker formerly registered with LPL Financial 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 founded on findings that he borrowed an LPL Financial customer’s funds in […]

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Royal Alliance Sued By Investors For Unsuitable Trading

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Royal Alliance Sued By Investors For Unsuitable Trading

Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that […]

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FINRA Sanctions Cadaret Stockbroker For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions Cadaret Stockbroker For Unauthorized Trading

Paul Andrew Spero of Liverpool New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and […]

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Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

Constantinos George Maniatis of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he effected trades in customer accounts without authorization. Letter of Acceptance Waiver and Consent No. 2019062788601 […]

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FINRA Bars Joseph Stone Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Joseph Stone Stockbroker In Investigation

David Martin Martirosian of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Martirosian failed to cooperate with FINRA when he was investigated for effecting unsuitable and excessive trades in customer […]

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Wynston Hill Stockbroker Barred In Investigation

May 15, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Wynston Hill Stockbroker Barred In Investigation

Matthew Angelo Siliato of Bronx 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 findings that he did not cooperate with FINRA’s investigation into allegations of him making unauthorized and excessive trades. Letter of Acceptance […]

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Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

Marcus E. Boggs of Chicago Illinois a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $44,731.77 in damages on October 21, 2020 founded on accusations of “unauthorized charges” in the customer’s account during the time that Boggs […]

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FINRA Bars Kayan Stockbroker For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Bars Kayan Stockbroker For Unauthorized Trading

Sun Hyung Kim of Los Angeles California a stockbroker formerly registered with Kayan Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he made unauthorized trades in customer accounts and had provided FINRA with misleading and false information when he was investigated […]

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Crown Capital Stockbroker Sanctioned For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Crown Capital Stockbroker Sanctioned For Unauthorized Trading

Kevin David Barton of Vista California a stockbroker currently registered with Crown Capital Securities LP has been fined $17,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he took part in outside business activities and had executed unauthorized trades in customer […]

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ONESCO Sanctioned By FINRA For Failure To Supervise

May 15, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Variable Annuites   |   Comments Off on ONESCO Sanctioned By FINRA For Failure To Supervise

ON Equity Sales Company Inc. (ONESCO) a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that ONESCO failed to supervise sales of variable annuities resulting in a stockbroker having made unsuitable recommendations to customers of the firm. Letter of Acceptance Waiver […]

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Investors File Securities Arbitration Claim Against Morgan Stanley

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against Morgan Stanley

Charles Alan Correal (also known as Chuck Correal) of Pittsburg Pennsylvania a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages supported by accusations that they had been sold unsuitable investments by Correal during the time that he was […]

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AISG Sanctioned By FINRA For Failure To Supervise CMOs

April 18, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on AISG Sanctioned By FINRA For Failure To Supervise CMOs

American Independent Securities Group LLC (AISG) a securities broker dealer headquartered in Eagle Idaho together with AISG securities principals Ryan Carlson and Nicholas Cioffi have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that they failed to supervise the sales of collateralized mortgage-backed securities (CMOs) resulting in losses to customers. Letter of […]

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Investors File Arbitration Claim Against David A. Noyes

April 18, 2021  |   Posted by :   |   Alternative Investments, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Arbitration Claim Against David A. Noyes

James Royal Kirchner of Indianapolis Indiana a stockbroker formerly registered with David A. Noyes Company is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that the customer had been placed into alternative investments that failed to be suitable for them […]

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FINRA Bars Torch Securities Stockbroker In Investigation

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Torch Securities Stockbroker In Investigation

Jeremy Taylor Johnson of Murrieta California a stockbroker formerly registered with Torch Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity given findings of Johnson refusing to cooperate with FINRA’s investigators when he was under investigation for possible sales practice violations including misrepresentation and unsuitability. Letter of […]

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RBC Stockbroker Sanctioned For Unsuitable Recommendations

April 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on RBC Stockbroker Sanctioned For Unsuitable Recommendations

Jeffrey Alan Fladell of Florham Park New Jersey a stockbroker formerly registered with RBC Capital Markets 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 supported by findings that Fladell provided unsuitable investment recommendations to an RBC Capital Markets customer. Letter […]

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Investors Accuse Cambridge Investment Research Of Unsuitable REIT Sales

April 18, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Cambridge Investment Research Of Unsuitable REIT Sales

John Stephen Pronovost of Watertown Connecticut a stockbroker formerly registered with Cambridge Investment Research is referenced in a customer initiated investment related written complaint on October 16, 2020 in which the customer requested $88,800.00 in damages supported by allegations that the customer was placed into unsuitable real estate securities and mutual funds while Pronovost was […]

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FINRA Sanctions JW Cole For Failure To Supervise Alternative Investment Sales

April 18, 2021  |   Posted by :   |   Alternative Investments, Failure To Supervise, Investment and Regulatory News   |   Comments Off on FINRA Sanctions JW Cole For Failure To Supervise Alternative Investment Sales

JW Cole Financial Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer failed to supervise its stockbrokers’ recommendations of alternative investments. Letter of Acceptance Waiver and Consent No. 2019061764801 (Mar. 18, 2021). According to the […]

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FINRA Sanctions MML Stockbroker For Customer Loan

April 18, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Sanctions MML Stockbroker For Customer Loan

Keith Holcomb of Pawtucket Rhode Island a stockbroker formerly registered with MML Investors Services LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Holcomb borrowed customer funds in violation of MML company policy. Letter of Acceptance Waiver and Consent No. […]

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IFG Sued By Investors For Unsuitable REIT Sales

April 18, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on IFG Sued By Investors For Unsuitable REIT Sales

Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages supported by allegations that their assets had been concentrated in non-traded real estate investment trusts by Davis during the time that he was […]

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Wells Fargo Stockbroker Sanctioned By FINRA

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wells Fargo Stockbroker Sanctioned By FINRA

Gordon Leonard Bryan of Terre Haute Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities involving customers of the securities […]

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FINRA Bars BMA Stockbroker In Investigation

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds   |   Comments Off on FINRA Bars BMA Stockbroker In Investigation

Gregory Jon Mancuso of El Segundo California a stockbroker formerly registered with BMA Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Mancuso lied to FINRA investigators while he testified about his involvement with two customers’ fund transfers. […]

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Investors File Securities Arbitration Claim Against Windsor Street For Negligence

April 18, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Securities Arbitration Claim Against Windsor Street For Negligence

John F. Riccardi Jr of New York New York a stockbroker formerly registered with Windsor Street Capital LP is named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $250,000.00 in damages based on Riccardi and Windsor Street Capital being found liable on the customer’s causes of action […]

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Moloney Stockbroker Sanctioned For Selling Away

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Moloney Stockbroker Sanctioned For Selling Away

Candice Elaine Montie (also known as Candice Elaine Siekierski) of Fenton Michigan a stockbroker currently registered with Moloney Securities Co. Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Montie engaged in private securities transactions during the […]

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Northeast Securities Stockbroker Sanctioned For Unauthorized Trading

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Northeast Securities Stockbroker Sanctioned For Unauthorized Trading

Ignacio Erhart Del Campo of Boca Raton Florida a stockbroker formerly registered with Northeast Securities Inc. has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Erhart Del Campo executed unauthorized trades in the customer’s account resulting in losses. […]

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Morgan Stanley Sued For Private Securities Transactions

April 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Morgan Stanley Sued For Private Securities Transactions

Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related civil action brought in a Maryland District Court where the customer sought $75,000.00 in damages founded on allegations relating to Pal’s private securities transactions while registered with Morgan Stanley Smith Barney. Civil Action No. […]

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FINRA Charges Edward Jones Stockbroker In Investigation

April 18, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Charges Edward Jones Stockbroker In Investigation

Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (“FINRA”) Department of Enforcement with failing to cooperate with FINRA’s requests during the period that he was under investigation for borrowing funds form a customer. Department of Enforcement v. Alan Price Disciplinary Proceeding No. […]

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