Tag Archives: American Portfolio Financial Services Inc.

American Portfolios Stockbroker Charged With Fraud In Connection With Misappopriation of Customer Funds

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. is the subject of an enforcement action initiated by Michigan Corporations Securities and Commercial Licensing Bureau in which the regulator is seeking sanctions against Hopkins based upon allegations that he violated Michigan Securities Act by omitting to a […]

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Investors Sue American Portfolio Financial For Fraud

Jimmy William Kuhn of Smithtown New York a stockbroker registered with American Portfolios Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 founded on accusations that fiduciary duties were breached; contractual obligations to the customer had been violated; trades failed to be […]

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FINRA Bars American Portfolios Stockbroker In Investigation

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of […]

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FINRA Fines American Portfolio Stockbroker For Selling Away

Gary Arthur Forrest of Flint Michigan a stockbroker formerly employed by American Portfolio Financial Services has been fined $5,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Forrest engaged in unapproved private securities transactions. Letter of Acceptance Waiver and […]

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American Portfolios Sued For Breach Of Fiduciary Duty

Jimmy William Kuhn of Smithtown New York a stockbroker currently registered with American Portfolios Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $70,000.00 in damages supported by allegations that (1) unsuitable equity investment recommendations had been made to the customer (2) activities in the customer’s portfolio […]

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American Portfolio Stockbroker Suspended For Suitability

August 26, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Ronald Benevento, of Holbrook, New York, a stockbroker formerly registered with American Portfolio Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable mutual fund switches in customer accounts, and mismarked customers trades as unsolicited. […]

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MML Investor Services Fires Stockbroker For Mishandling Information

August 15, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Stuart Stein, of Hauppauge, New York, a stockbroker formerly registered with MML Investors Services, LLC, was terminated from employment on August 5, 2016, based upon allegations that he mishandled information that the firm deemed private. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on January 12, 2016, Stein was also fired by his previous […]

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Commonwealth Financial Network Stockbroker Suspended For Unauthorized Trading

May 18, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Voigt C. Kempson, of Sparta, New Jersey, a stockbroker formerly registered with Commonwealth Financial Network, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized transactions in a customer’s account. Letter of Acceptance, Waiver and Consent, No. […]

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Summit Brokerage Services Stockbroker Under Investigation

Craig Gary Langweiler of Newton, Pennsylvania, a stockbroker formerly registered with Summit Brokerage Services, Inc., was named in a Financial Industry Regulatory Authority (FINRA) Wells Notice, which indicated that a disciplinary action against Langweiler had been recommended by FINRA. Wells Notice No. 20140403477 (May. 1, 2017). The Notice indicated that from December of 2011 to […]

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American Portfolios Financial Services Stockbroker Suspended For Selling Away

Jeremy T. Monte, of Fairport, New York, a stockbroker formerly registered with American Portfolios Financial Services, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he partook in outside business activities and private securities transactions which his firm did […]

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American Portfolio Financial Services Broker Suspended for Mutual Fund Switching

Jeffrey Davidson of Stuart, Florida, a stockbroker with American Portfolio Financial Services, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities for three months and fined $10,000 after consenting to findings that he engaged in unsuitable mutual fund switching in customer accounts. Letter of Acceptance, Waiver […]

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American Portfolio Financial Services Broker Suspended for Failure to Supervise

John D. Wiswell of Stuart, Florida, a stockbroker with American Portfolio Financial Services, was fined $5,000 and suspended for fifteen business days from association with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity after consenting to findings that she failed to supervise a Stockbroker’s conduct in order to prevent unsuitable recommendations from […]

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