Tag Archives: Citizens Securities Inc.

Investors Accuse Citizens Securities Of Mutual Fund Fraud

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on Investors Accuse Citizens Securities Of Mutual Fund Fraud

George Jones Lincoln IV (also known as Rip Lincoln) a stockbroker formerly registered with Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on February 21, 2020 in which the customer sought $39,991.99 in damages supported by allegations that the customer had been placed into mutual funds without being apprised of […]

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Investors Accuse Citizens Securities Of Misrepresentation

Mark Emerson Despelder of GrossePointe Michigan a stockbroker formerly registered with Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on December 4, 2018 where the customer sought $31,440.00 in damages based upon allegations that (1) the customer had been placed in preferred stocks that failed to be appropriate and (2) […]

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Citizens Securities Broker Discharged For Blank Form Hanky Panky

December 21, 2018  |   Posted by :   |   Forgery, Investment and Regulatory News   |   0 Comments

Elizabeth Ann Thompson of Gloucester Massachusetts a stockbroker formerly employed by Citizens Securities Inc. has been discharged on September 24, 2018 founded on accusations that Thompson maintained signed blank forms from customers to effect securities transactions. This is not the first time that Thompson has been terminated from a FINRA member brokerage firm based upon […]

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Citizens Securities Accused Of Failure To Execute

Zachary Stephen Reinhart of Bethel Park Pennsylvania a stockbroker formerly employed by Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on September 15, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer’s assets were not invested in an individual retirement account in […]

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Citizens Securities Accused Of Misrepresentation

April 08, 2018  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Philip Peter Parziale of Boston Massachusetts is a stockbroker currently registered with Citizens Securities Inc. who is the subject of a customer initiated investment related written complaint which settled on October 12, 2017 for $50,000.00 in damages based upon allegations that Parziale made misrepresentations to the customer concerning mutual funds transactions executed in the customer’s […]

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Citizens Securities Accused Of Misrepresentation

March 11, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Charles Gilbert Kunzelman of Hamden Connecticut is a stockbroker currently registered with Citizens Securities Inc. who is the subject of a customer initiated investment related written complaint on December 12 2016 where the customer sought eighty-one thousand dollars in damages based upon allegations that Kunzelman made misrepresentations to the customer concerning the costs and fees […]

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Citizens Securities Sued For Fraudulent Investments

Adam Robert Freund of Novi Michigan is a stockbroker formerly associated with Citizens Securities Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested thirty-four thousand nine hundred twenty dollars in damages based upon accusations that the customer was sold municipal debt products that were fraudulent and […]

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Citizens Securities Stockbroker Barred In Forgery Investigation

July 29, 2017  |   Posted by :   |   Forgery   |   0 Comments

James M. Hurty, of Rocky Hill, Connecticut, a stockbroker formerly registered with Citizens Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hurty obstructed a FINRA investigation into allegations that he forged customer account documentation. Letter of Acceptance, Waiver and […]

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Citizens Securities Sued By Customer In Arbitration

June 19, 2017  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Mark Emerson Despelder, of Grosse Pointe, Michigan, a stockbroker formerly registered with Citizens Securities, Inc., has been named in a customer initiated investment related arbitration claim on January 6, 2017, in which the customer requested $19,052.90 in damages based upon allegations that Despelder misinformed customers regarding the terms and conditions of variable annuity products, and […]

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The Huntington Investment Company Sued For Fraud

Melissa Lynne Maxwell, of Pepper Pike, Ohio, a stockbroker formerly registered with The Huntington Investment Company, has been named in a customer initiated investment related written complaint on January 29, 2015, in which the customer requested $6,642.25 in damages based upon allegations that Maxwell made misrepresentations to the customer concerning the penalties associated with the […]

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Citizens Securities Caught Overcharging Customers

April 11, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Citizens Securities, Inc., a brokerage firm headquartered in Dedham, Massachusetts, was censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm overcharged charitable entities and retirement plan customers in reference to mutual fund transactions. Letter of Acceptance, Waiver and Consent, No. 2016049977401 (Mar. 31, 2017). According to the […]

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