Tag Archives: Avenir Financial Group

Avenir Broker Fails To Pay Arbitration Award

Cesar Omar Rodriguez of Bloomingdale Illinois a branch office manager formerly employed by Avenir Financial Group has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Rodriguez failed to fully pay an arbitration award to a customer. Case No. 15-02744 (Oct. 23, 2018). FINRA Public […]

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Avenir Chief Executive Officer Barred For Fraud

May 31, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Michael Todd Clements of Wellington Florida the former chief executive officer and co-owner of Avenir Financial Group is subject of a National Adjudicatory Council Decision which affirmed FINRA’s Hearing Panel’s bar of Clements from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to findings that Clements (1) made omissions and […]

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Avenir Broker Barred By FINRA For Failure To Pay Award

March 07, 2018  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Vladimir Belyaev of New York New York is a stockbroker formerly registered with Avenir Financial Group who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to confirm with FINRA whether he complied with his obligations pertaining to FINRA Arbitration […]

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Avenir Financial Group Stockbroker Suspended

Richard Gomez of New York, New York, a stockbroker formerly registered with Avenir Financial Group, has been suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Gomez, inter alia, effected unauthorized and excessive trades in the customers’ accounts. Letter of Acceptance, Waiver […]

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Avenir Financial Group Stockbroker Barred For Unsuitable Recommendations

December 07, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Glen J. Rauch, of Syosset, New York, a stockbroker formerly registered with Avenir Financial Group, Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Rauch effected unsuitable and unauthorized transactions in customer accounts, and […]

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Avenir Financial Group Named In Customer Fraud Arbitration

Richard Gomez, of New York, New York, a stockbroker formerly associated with Avenir Financial Group, has been subject to a customer initiated investment related arbitration claim on July 11, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Gomez breached his fiduciary and contractual duties, and sold fraudulent investments to the […]

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Alleged Supervisor Gets His Day In Court

David A. Allen, of Bethel, Vermont, one of the former owners of defunct Avenir Financial Group, on January 28, 2016, was terminated from Avenir Financial Group amid allegations that he had committed funds despite not having authorization, failed to supervise, and took possession of the firm’s funds without authority. At time tme of his termination, […]

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Ripping Off the Elderly Never Gets Old

September 27, 2016  |   Posted by :   |   Boilerroom Sales, Elder Financial Abuse   |   0 Comments

Avenir Financial Group, of New York, New York as well as its chief executive officer, Michael Todd Clements and stockbroker Karim Ahmed Ibrahim, were all censured by Financial Industry Regulatory Authority (FINRA) in connection with a FINRA Office of Hearing Officers’ Extended Hearing Panel Decision which contained findings that the firm, Clements, and Ibrahim engaged […]

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FINRA Charges Broker with Eighteen Complaints with Making Unsuitable Recommendations

Glen J. Rauch, of Syosset, New York, a stockbroker with Avenir Financial Group, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Rauch engaged in significant sales practice violations, including the effecting of unauthorized and unsuitable transactions in customer accounts. Department of Enforcement v. Glen Rauch, No. […]

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Avenir Financial Group Stockbroker Barred in Investigation

Fred Perelman, a Stockbroker with Avenir Financial Group, was charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Perelman failed to cooperate in a FINRA investigation into Perelman’s outside business activities and business practices within Avenir. Department of Enforcement v. Perelman, No. 2015047104201 (Oct. 18, 2015). According to the Complaint, […]

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Avenir Financial Group Charged for Defrauding Elderly Investors

Avenir Financial Group, a brokerage firm headquartered in New York with approximately two dozen brokers operating from eight branch offices. The firm, along with Michael Clements and Karim Ahmed Ibrahim, were named in a FINRA Complaint where the Department of Enforcement has alleged that they have committed fraud via sale of promissory or equity notes, […]

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