Christopher Joseph McCoy of Tampa, Florida, a stockbroker registered with Calton Associates Inc., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because McCoy engaged in unauthorized discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2020067072101 (April 16, 2024). The regulatory…
Shawn Spellacy of Fair Oaks, California, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $719,415.00 in damages based upon allegations that Spellacy made unsuitable recommendations in stocks during the time that Spellacy was associated with Calton Associates Inc….
Paul William Murphy of Ocala, Florida, a stockbroker registered with Calton Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Murphy made unsuitable investment recommendations and breached his fiduciary duties in connection with the sale of real estate…
Richard Anthony Rodriguez, of Fruitland Park, Florida, a stockbroker formerly registered with Concorde Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that omissions and misrepresentations about alternative investments had been made by Rodriguez while he was…
Calton Associates Inc. a securities broker dealer headquartered in Tampa Florida has been censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings of Calton Associates failing to supervise sales of volatility-linked exchange traded products which resulted in customers’ experiencing losses on unsuitable transactions. Letter of Acceptance Waiver and Consent No. 2018060466201…
Chris Kubiak of Brookfield Wisconsin a stockbroker formerly employed by Freedom Investors Corp and Calton Associates Inc. has been identified in a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings in which he has been barred from being a stockbroker or investment advisor representative and barred from associating with any securities broker dealer or…
Scott Thomas Schultz of Okemos Michigan a stockbroker formerly registered with Calton Associates Inc. has been fined $10,000.00 by the Michigan Department of Licensing and Regulatory Affairs Corporations Securities and Commercial Licensing Bureau according to an Order based on accusations that Schultz engaged in investment advisory services in the state on behalf of Scott Schultz…
Mickey Long of Plano, Texas, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related written complaint on March 27, 2017, in which the customer sought $94,438.49 in damages founded on allegations of negligence, breach of fiduciary duty, suitability and misrepresentation concerning the customer’s real estate security,…
Gary Allen Graham, of Huntington Beach, California, a stockbroker currently registered with Calton & Associates, Inc., is the subject of a California Department of Insurance Order suspending Graham’s insurance licenses based upon findings that he failed to inform California about a fine and suspension imposed by Financial Industry Regulatory Authority (FINRA) for Graham’s improper conduct….
Daniel Lee Pancake, of Reno, Nevada, a stockbroker formerly registered with Calton & Associates, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on allegations that he waffled and did not provide a response to FINRA’s request for information pertaining to Pancake’s business activities. Letter…
Robert Edward Wamhoff, from Saint Charles, Missouri, a stockbroker formerly registered with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim from February 27, 2016, in which the customer alleged that Wamhoff effected unsuitable investments in the customer’s account. Two days prior, another customer filed an investment related arbitration…