FINRA Bars Emerging Growth Equities Stockbroker

December 07, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on FINRA Bars Emerging Growth Equities Stockbroker

Robert Anthony Powers of Bryn Mawr Pennsylvania a stockbroker formerly registered with Emerging Growth Equities Ltd. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Powers failed to provide information to FINRA in response to its request. Case No. 2018060604701 (June 17, 2019). FINRA […]

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UBS Accused By Investors Of Breach Of Fiduciary Duty

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on UBS Accused By Investors Of Breach Of Fiduciary Duty

Julian Howard Gingold of New York New York a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on February 25, 2019 where the customer sought more than $5,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been […]

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FINRA Charges Newport Stockbroker In Selling Away Scheme With The Elderly

December 07, 2020  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News   |   Comments Off on FINRA Charges Newport Stockbroker In Selling Away Scheme With The Elderly

Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with Westpark Capital Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with selling away from the securities broker dealer, obstructing the regulator’s investigation and falsifying information in its investigation. Department of Enforcement v. […]

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Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Accuse Summit Brokerage Of Providing Bad Investment Advice

James Whitney Story (also known as Whit Story) of Fitzgerald Georgia a stockbroker formerly registered with Summit Brokerage Services is the subject of a customer initiated investment related complaint which was settled for $50,000.00 in damages founded on allegations that fixed income securities had been recommended by Story during the time that he was associated […]

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Investors Bring Securities Arbitration Claim Against Morgan Stanley For Misrepresentation

December 07, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Securities Arbitration Claim Against Morgan Stanley For Misrepresentation

Keith Allen Bryan of Sarasota Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $24,900.00 in damages supported by accusations of misrepresentations being made by the stockbroker concerning the customer’s Morgan Stanley investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00735 […]

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Kalos Capital Accused Of Unsuitable Alternative Investments

December 07, 2020  |   Posted by :   |   Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Kalos Capital Accused Of Unsuitable Alternative Investments

Michael J. Haffling of Orland Park Illinois a stockbroker formerly registered with Kalos Capital Inc. and an investment adviser representative of Kalos Management is the subject of a customer initiated investment related written complaint which was settled for $55,000.00 in damages on July 13, 2020 based upon allegations of Haffling and Kalos Capital having failed […]

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SEC Bars Portfolio Advisors Alliance President For Fraud

December 07, 2020  |   Posted by :   |   Investment and Regulatory News, Securities Fraud   |   Comments Off on SEC Bars Portfolio Advisors Alliance President For Fraud

Kerri Lynn Wasserman of New York New York a stockbroker and former President of Portfolio Advisors Alliance has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment advisory according to an Order based on findings of Wasserman defrauding […]

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Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

December 07, 2020  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

Jonathan David Cummings of Hurst Texas a stockbroker of Investacorp Inc. and investment adviser representative of Investacorp Advisory Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that the customer had been placed into alternative investments including real estate investment trusts and […]

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Cetera Investment Services Stockbroker Accused Of Forgery

December 07, 2020  |   Posted by :   |   Elder Financial Abuse, Forgery, Investment and Regulatory News   |   Comments Off on Cetera Investment Services Stockbroker Accused Of Forgery

Clara Chen Tang (also known as Qing Chen) of Cupertino California a stockbroker formerly registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on March 20, 2019 in which the customer requested unspecified compensatory damages supported by accusations that the customer’s signature had been forged on documents […]

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AXA Stockbroker Barred By FINRA For Failure To Cooperate In Investigation

December 07, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on AXA Stockbroker Barred By FINRA For Failure To Cooperate In Investigation

Donald George Sperring Jr. of Pittsburgh Pennsylvania a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Sperring failed to furnish information to FINRA after being questioned by the regulator. Case No. 2019062281401 (Oct. 15, 2019). FINRA […]

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Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

December 07, 2020  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Stockbroker Negligence   |   Comments Off on Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial […]

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Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors File FINRA Securities Arbitration Against Wells Fargo File For Unauthorized Trading

Richard Jay Bernstein (also known as Richard Jay Berstein) of Incline Village Nevada a stockbroker and investment adviser representative of Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages based upon allegations that unauthorized trades were executed in the customer’s account and […]

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LPL Stockbroker Sanctioned By FINRA For Selling Away

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Selling Away

Norman Stanley Batansky of Jupiter Florida a stockbroker formerly employed by LPL Financial LLC has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Batansky engaged in private securities transactions and concealed his securities-related correspondence. Letter of Acceptance Waiver and […]

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Investors File Arbitration Claim Against Merrill Lynch For Bad Investment Advice

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors File Arbitration Claim Against Merrill Lynch For Bad Investment Advice

Thomas Joseph Buck of Indianapolis Indiana a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by accusations that investment recommendations made to the customer were not suitable and that the customer had been charged excessive commissions relating […]

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Investors Bring Arbitration Claim Against Gradient For Annuity Transactions

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Variable Annuites   |   Comments Off on Investors Bring Arbitration Claim Against Gradient For Annuity Transactions

Glenn Patrick Lattz of Lady Lake Florida a stockbroker formerly registered with Gradient Securities LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that the customer’s annuity accounts had been liquidated which resulted in undue losses and penalties. Financial Industry Regulatory Authority […]

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FINRA Sanctions Olden Lane Stockbroker For Selling Away

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Olden Lane Stockbroker For Selling Away

Lewis Nelson Lester Senior (also known as Lew Lester) of Bridgewater New Jersey a stockbroker formerly registered with Olden Lane Securities LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lester had been selling away from Olden […]

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Laidlaw Company Bring FINRA Arbitration Claim Against By Investors For Churning

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Laidlaw Company Bring FINRA Arbitration Claim Against By Investors For Churning

Joseph Michael Fedorko Junior of Greenwich Connecticut a stockbroker currently employed by Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,700,000.00 in damages based upon allegations of unauthorized and unsuitable trading by Fedorko causing the customer to incur losses on equities and private […]

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Investors Accuse Wells Fargo Of Unsuitable Trading

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Wells Fargo Of Unsuitable Trading

David Michael Logsdon of Hailey Idaho a stockbroker and investment adviser representative of Wells Fargo Clearing Services is referenced in a customer initiated investment related written complaint which was settled for $20,000.00 on July 22, 2020 supported by allegations that investments selected for the customer’s Wells Fargo portfolio failed to be suitable and resulted in […]

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National Securities Corp Sanctioned For Customer Complaints

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on National Securities Corp Sanctioned For Customer Complaints

National Securities Corporation a securities broker dealer headquartered in Boca Raton Florida has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that it did not timely report customer complaints and failed to supervise contingency offerings. Letter of Acceptance Waiver and Consent No. 2017053208002 (Oct. 27, 2020). According to the AWC, […]

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Advisory Group Stockbroker Sanctioned For Private Transactions

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Advisory Group Stockbroker Sanctioned For Private Transactions

David Allen Walters (also known as Dave Walters) of Laguna Beach California a stockbroker formerly registered with Advisory Group Equity Services (AGES) has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Walters engaged in private securities transactions while […]

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Oppenheimer Bring FINRA Arbitration Claim Against By Investors For Breach Of Fiduciary Duty

December 01, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims   |   Comments Off on Oppenheimer Bring FINRA Arbitration Claim Against By Investors For Breach Of Fiduciary Duty

Eva Alla Kitova of New York New York a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by accusations of negligence and the violation of New York law as it pertained to over-the-counter equities that Kitova sold during […]

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Investors Bring FINRA Arbitration Claim Against Spartan Capital For Misrepresentation

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Elder Financial Abuse, Excessive Trading, Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Spartan Capital For Misrepresentation

Marlon O. Cole of New York New York a stockbroker formerly registered with Spartan Capital Securities is the subject of a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages based upon accusations of unsuitable margin use and the breach of a fiduciary duty by Cole concerning his over-the-counter equities transactions […]

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FINRA Bars Raymond James Stockbroker In Investigation

December 01, 2020  |   Posted by :   |   Elder Financial Abuse, Securities Arbitration Claims   |   Comments Off on FINRA Bars Raymond James Stockbroker In Investigation

Vonna Kay Husby of Fairbanks Arkansas a stockbroker formerly employed by Raymond James Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with FINRA during the time that she was under investigation for allegedly taking advantage of an […]

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Oppenheimer Stockbroker Sanctioned For Churning Unit Investment Trusts

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Oppenheimer Stockbroker Sanctioned For Churning Unit Investment Trusts

Ivan Shore of New York New York a stockbroker formerly registered with Oppenheimer 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 Shore made unsuitable recommendations to customers regarding unit investment trusts during the time that […]

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Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

Robert Charles Wynn of Glendale California a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on allegations that common and preferred stock transactions conflicted with the customer’s objectives for investing and caused losses to be sustained in […]

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Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

December 01, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

Robert Joseph Kerrigan Senior of Scottsdale Arizona a stockbroker formerly employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages supported by accusations that a fiduciary duty that was owed to the customer had been breached and that First Financial Equity Corporation […]

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FINRA Sanctions Wells Fargo For Providing Customers Fraudulent REIT Values

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud   |   Comments Off on FINRA Sanctions Wells Fargo For Providing Customers Fraudulent REIT Values

First Clearing LLC (now known as (Wells Fargo Clearing Services LLC) has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that First Clearing provided 6,800 customers with wrong valuations on direct participation program interests and non-traded real estate investment trusts and had failed to supervise its business with a […]

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Investors Bring FINRA Arbitration Claim Against Merrill Lynch

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Retirement Planning Fraud   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Merrill Lynch

John Patrick Donnelly of Houston Texas a stockbroker currently employed by Merrill Lynch is referenced in an investment related civil action in which unspecified damages were alleged supported by accusations of Donnelly failing to adjust the customer’s retirement account resulting in unintended beneficiaries receiving assets from a customer’s Merrill Lynch account. Civil Action No. 477195-401 […]

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LPL Stockbroker Sanctioned For Customer Loan

December 01, 2020  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on LPL Stockbroker Sanctioned For Customer Loan

Timothy Aaron Engelmann of Albuquerque New Mexico a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Engelmann borrowed funds from customers without authorization. Letter of Acceptance Waiver and Consent No. […]

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Integrity Stockbroker Barred For Unauthorized Activities

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Integrity Stockbroker Barred For Unauthorized Activities

Marc Nathan Jaffe of Indianapolis Indiana a stockbroker unofficially associated with Integrity Brokerage Services Inc. has been isBring FINRA Arbitration Claim Against an Order Accepting Offer of Settlement by FINRA Office of Hearing Officers in which he has been barred from associating with any FINRA member in any capacity supported by findings that he associated […]

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