Tag Archives: Citigroup Global Markets Inc.

FINRA Bars Citigroup Stockbroker In Customer Theft Investigation

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on FINRA Bars Citigroup Stockbroker In Customer Theft Investigation

Najib Hossain Khan of Richmond Hill New York a stockbroker formerly registered with Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Khan neglected to cooperate with FINRA personnel during the period that he was investigated for theft of customer […]

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Investors Claim Fidelity Brokerage Provided Bad Annuity Advice

July 11, 2020  |   Posted by :   |   Variable Annuites   |   Comments Off on Investors Claim Fidelity Brokerage Provided Bad Annuity Advice

Ryan Sanghak Lee of Wayne New Jersey a stockbroker formerly registered with Fidelity Brokerage Services is the subject of a customer initiated investment related written complaint on May 15, 2019 where the customer sought $22,000.00 in damages based upon accusations that Lee poorly advised the customer in regards to surrendering an annuity for managed account […]

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Citigroup Sued By Investors For Bad Mutual Fund Advice

Timothy Trevor Kenska of Encinitas California a stockbroker currently registered with Citigroup Global Markets Inc. is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations of bad mutual fund trades being effected in the customer’s account between 2015 and 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. FINRA […]

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Citigroup Global Broker Suspended For Dodging Suitability Inquiry

Donald Joseph Coleman of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Coleman obstructed a FINRA inquiry into his activities which possibly concerned his termination from Citigroup Global […]

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FINRA Bars Citigroup Broker For Failure To Cooperate

Mark Joseph Flanagan of Highland Park Illinois a stockbroker formerly registered with Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Flanagan obstructed a FINRA investigation into his alleged unauthorized and unsuitable transactions. Letter of Acceptance Waiver and […]

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Citigroup Censured By FINRA For Failure To Supervise

Citigroup Global Markets Inc. a broker-dealer headquartered in New York New York has been censured and fined by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it took advantage of customers by overcharging them on mutual fund purchases. Letter of Acceptance Waiver and Consent No. 2016049977601 (Sept. 7, 2018). According […]

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FINRA Bars Citigroup Broker For Failure To Cooperate

August 13, 2018  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Gary Dennis Ruiz of Huntington Station New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he neglected to respond to FINRA’s information requests. Case No. 2017054030901 (Dec. 11, 2017). FINRA Public Disclosure confirms […]

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FINRA Bars Citigroup Broker For Failure To Pay Citigroup

Mark Joseph Flanagan of Highland Park, Illinois, a stockbroker formerly registered with Citigroup Global Markets Inc., has been suspended on June 7, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to pay Citigroup $102,022.26 in compensatory damages pursuant to FINRA Arbitration Award No. […]

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Citigroup Broker Barred In Investigation

James Patrick Acosta of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations of Acosta’s outside business activities. […]

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Customer Sues Oppenheimer For Churning

Kenneth H. South of Newport Beach California is a stockbroker currently registered with Oppenheimer & Co. Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested over one hundred sixty-one thousand dollars in damages based upon allegations that between June 1 2015 and February 1 2017 the […]

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Wells Fargo Broker Fired For Unapproved Customer Loan

February 19, 2018  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Linda Sue Zara of Boca Raton Florida is a stockbroker associated with Wells Fargo Clearing Services who has been fired in December 2017 based upon accusations that she executed an unapproved customer loan arrangement in violation of Wells Fargo’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related arbitration […]

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Deutsche Bank Broker Fined For Unauthorized Trading

January 26, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Gregory Edward Barr, of Boca Raton, Florida, a stockbroker formerly employed with Deutsche Bank Securities Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he effected unauthorized transactions in customer accounts. Letter of Acceptance, Waiver and Consent, No. […]

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Customer Sues UBS For Over-Concentration In REITs

January 26, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Leonard Jay Suskind, of Aventura, Florida, a stockbroker currently employed with UBS Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer requested $220,000.00 in damages based upon accusations that between 2013 and 2016, Suskind failed to follow the customer’s instructions to sell a master limited partnership position, […]

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Morgan Stanley Broker Fined By FINRA For Suitability

January 26, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Richard Alan Shotz, of Ormond Beach, Florida, a stockbroker formerly registered with Morgan Stanley, has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he placed short-term unit investment trust trades in customer accounts that were not […]

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Wells Fargo Sued For Unauthorized Trading

January 09, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Howard Barry Steinman of Coral Springs, Florida, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related civil action brought in the Circuit Court of Broward, Florida, in which the customer requested more than $5,000.00 in damages supported by accusations that Steinman effected unauthorized transactions in […]

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Customer Sues FSC Securities For Fraud

Jon Lewis Bowles of Pasadena, California, a stockbroker registered with FSC Securities, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $50,000.00 in damages based upon allegations of violation of FINRA Rules, violation of state and federal laws, breach of contract, breach of fiduciary duty, misrepresentation, suitability and […]

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FINRA Fines Citigroup For Inaccurate Equity Ratings

January 09, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Citigroup Global Markets Inc., a brokerage firm headquartered in New York, New York, has been censured and fined $5,500,000.00 by consenting to findings that the firm, inter alia, inaccurately exhibited ratings of equities that the firm offered to customers. Letter of Acceptance, Waiver and Consent, No. 2016048931101 (Dec. 21, 2017). According to the AWC, between […]

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Customer Sues Morgan Stanley For Equities Suitability

Jonathan Scott Leopold, of New York, New York, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, where the customer sought $250,000.00 in damages based upon accusations that unsuitable over-the-counter equities and direct investment products had been sold to the customer between 2009 and June of […]

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Regulator Sanctions BPU Investment Group Stockbroker

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

Nadav Nachum Baum, of Pittsburgh, PA, a stockbroker formerly registered with BPU Investment Management, Inc., is the subject of a Cease and Desist sanction and $6,000.00 fine imposed by the New Jersey Bureau of Securities by consenting to findings that he violated the terms of his heightened supervision arrangement. In the Matter of: Nadav Nachum […]

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FINRA Fines Ameriprise Broker For Unsuitable Recommendations

November 01, 2017  |   Posted by :   |   Unsuitable Investment Recommendations   |   0 Comments

Stuart L. Pearl, of Deerfield, Illinois, a stockbroker formerly employed with Ameriprise Financial Services, Inc., is the subject of a $7,500.00 fine, and has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he exercised discretion in customer accounts and made unsuitable margin-based investment recommendations […]

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Customer Sues Janney Montgomery Scott For Suitability

September 22, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Christopher David Sinkula, of Stuart, Florida, a stockbroker currently registered with Janney Montgomery Scott LLC, has been named in a customer initiated investment related arbitration claim on July 11, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Sinkula over-concentrated the customer’s funds in energy sector stocks, and effected unsuitable equity […]

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Accelerated Capital Group Stockbroker Suspended

September 15, 2017  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Jeffrey Alan Smith, of Irvine, California, a stockbroker formerly registered with Accelerated Capital Group, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized altered and pre-signed customer documents to effect investment transactions in customer […]

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Raymond James Fires Broker During Investigation

September 15, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

Luis Jacob Alayo Riera, of Miami Beach, Florida, a stockbroker registered with Raymond James & Associates, was fired on December 22, 2016, based upon allegations that he failed to comply with the terms of an internal investigation into his activities involving the facilitation of investment activities away from Raymond James. Financial Industry Regulatory Authority (FINRA) […]

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Regulator Bars Buckman Buckman Reid Stockbroker

September 15, 2017  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs)   |   0 Comments

Glenn Robert King, of Shrewsbury, New Jersey, a stockbroker formerly registered with Buckman, Buckman & Reid, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a National Adjudicatory Council Decision containing findings that King made unauthorized and excessive trades in a customer’s account. In the […]

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Wells Fargo Advisor Sued By Customer For Suitability

September 14, 2017  |   Posted by :   |   Bond Fraud   |   0 Comments

Dominick Giovannone, of Manalapan, New Jersey, a stockbroker currently registered with Wells Fargo Clearing Services, LLC, is the subject of a customer initiated investment related written complaint on November 13, 2015, in which the customer requested $15,273.00 in damages based upon allegations that Giovannone made unsuitable investment recommendations to the customer concerning the holding of […]

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Citigroup Broker Terminated For Forging Documents

September 14, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Dwain Carroll, of Holbrook, New York, a stockbroker formerly registered with Citigroup Global Markets Inc., was terminated from employment on November 5, 2015, based upon allegations that he facilitated an unauthorized transaction involving a customer’s funds by signing a customer transfer form that the customer never authorized. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals […]

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Regulator Suspends Morgan Stanley Stockbroker

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

Christopher D. Stoddard, of Norwell, Massachusetts, a stockbroker formerly registered with Morgan Stanley, 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 altered customer account documentation. Letter of Acceptance, Waiver and Consent, No. 2016051578601 (Aug. 16, 2017). According […]

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Customer Sues Morgan Stanley For Misrepresentation

August 17, 2017  |   Posted by :   |   Over Concentration   |   0 Comments

Robert Charles Wyman Jr., of Hyannis, Massachusetts, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, which settled on September 12, 2016 for $70,000.00 in damages based upon allegations that Wyman made misrepresentations to the customer and effected unsuitable equity transactions in the customer’s account. Financial […]

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Morgan Stanley Smith Barney’s Bad Marks

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

Bradley Andrew Marks, of New York, New York, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim on May 2, 2017, in which the customer sought $68,294.16 in damages based upon allegations that Marks failed to execute upon the customer’s instructions regarding an in-house money manager […]

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Morgan Stanley Stockbroker Suspended For Unauthorized Loans

July 29, 2017  |   Posted by :   |   Customer Loans, Unauthorized Trading   |   0 Comments

Jaime Hazael Aguilar, of San Diego, California, a stockbroker formerly registered with Morgan Stanley, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member based upon consenting to findings that he entered into unauthorized loan arrangements with the firm’s customers. Letter of Acceptance, Waiver and Consent, No. 2016050297702 (July […]

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