Tag Archives: Chelsea Financial Services

Investors File FINRA Arbitration Claim Against Chelsea Financial

January 03, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Promissory Notes   |   Comments Off on Investors File FINRA Arbitration Claim Against Chelsea Financial

George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that promissory notes were sold by Warner away from the securities broker dealer. Financial Industry Regulatory […]

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Chelsea Financial Stockbroker Fails To Pay Arbitration Award

April 23, 2020  |   Posted by :   |   Securities Arbitration Claims, Structured Products   |   Comments Off on Chelsea Financial Stockbroker Fails To Pay Arbitration Award

Roger Charles Faubel of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker failed to comply with an arbitration award or settlement agreement or otherwise confirm his compliance […]

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Chelsea Financial Sanctioned For Failure To Supervise

December 13, 2019  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Chelsea Financial Services a securities broker dealer headquartered in Staten Island New York, and Christopher Vetrano (a stockbroker and supervisor employed by Chelsea Financial Services), have been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Chelsea Financial neglected to create and implement an adequate supervision system to protect against unsuitable and […]

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FINRA Bars Chelsea Stockbroker In Investigation

July 31, 2018  |   Posted by :   |   Excessive Trading, Investment and Regulatory News   |   0 Comments

Charles Lewis Bloom of Royal Palm Beach Florida a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he refused to comply with FINRA’s requests for his testimony in the course of a FINRA investigation […]

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FINRA Bars Chelsea Financial Stockbroker For Obstruction

Brandon Carl Rudolph of Las Vegas Nevada a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into Rudolph’s potential engagement in private securities transactions. Letter of Acceptance Waiver and […]

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Capitol Securities Stockbroker Registration Revoked

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

Steven Dale Heath of Newport News, Virginia, a stockbroker registered with Capitol Securities Management, Inc., has been subject of sanctions imposed by Financial Industry Regulatory Authority (FINRA) including the temporary revocation of his securities licensure for failing to pay a fine pertaining to a FINRA disciplinary action containing findings of his improper conduct (June 1, […]

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Chelsea Financial Broker Suspended For Fraud By Omission

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

Joseph Palermo of Staten Island, New York, a stockbroker with Chelsea Financial Services, has been fined $50,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made omissions and misrepresentations concerning outside investment accounts, and engaged in unapproved business activities. […]

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Chelsea Financial Services Choudhury Suspended

July 29, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Munaem Choudhury, of Staten Island, New York, a stockbroker formerly registered with Chelsea Financial Services, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in an investigation into his business activities. Letter […]

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Legend Securities Broker Sanctioned For Churning

May 30, 2017  |   Posted by :   |   Boilerroom Sales, Churning   |   0 Comments

Steven John Meyer, of Staten Island, New York, a stockbroker formerly registered with Legend Securities, Inc., was fined $100,000.00 and suspended from acting as a broker-dealer in any capacity in The State of New Hampshire pursuant to a New Hampshire Bureau of Securities Regulation Order founded upon allegations against Meyer including, inter alia: the failure […]

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Arive Capital Markets Stockbroker Suspended

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

Richard L. Brown, of Farmingdale, New York, a stockbroker formerly registered with Arive Capital Markets, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Brown failed to apprise FINRA staff of his compliance with a settlement agreement or customer initiated arbitration claim. Letter No. […]

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Brookstone Securities Named In Customer Securities Arbitration

December 24, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Richard Lyndon Brown, of Massapequa, New York, a stockbroker formerly associated with Brookstone Securities, Inc., has been subject to a customer initiated investment related arbitration claim from September 22, 2015, in which a customer was awarded $72,135.95 in damages based upon allegations that Brown breached his contractual and fiduciary duties to the customer, abused the […]

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J.P. Turner Stockbroker Suspended For Unauthorized Borrowing

Robert Emmitt Gill, of Tinton Falls, New Jersey, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in an unauthorized borrowing arrangement with a firm customer. Letter of […]

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Wedbush Securities Named In Customer Unsuitability Claim

James Blinkhorn, of Lake Oswego, Oregon, a stockbroker formerly associated with Wedbush Securities Inc., was subject to a customer initiated investment related arbitration claim on September 11, 2015, which was settled for $83,000.00 in damages based upon allegations that Blinkhorn effected unsuitable transactions in the customer’s investment account, and failed to communicate with the customer […]

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