Raymond Edward DesRosiers (also known as Ray DesRosiers), of San Mateo, California, a stockbroker registered with Emerson Equity LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $27,000.00 in damages based upon allegations that DesRosiers violated securities laws and breached his fiduciary…
John Kevin Barrett, of Westlake Village, California, a stockbroker registered with Emerson Equity LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barrett failed to respond to FINRA’s request for information. Letter No. 2020066078201 (July 26, 2021). FINRA sent Barrett suspension notices on April 21, 2021,…
Robert Wyla Melberth (also known as Rob Melberth), of Sarasota, Florida, a stockbroker registered with Emerson Equity LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $3,276,000.00 in damages based upon allegations that Melberth committed fraud, violated state securities laws, breached…
James Daniel Kent Jr. of San Mateo, California, a stockbroker formerly registered with Emerson Equity LLC, has been fined $5,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for failing to update his Form U4. Letter of Acceptance Waiver and Consent No. 2021071506202 (July 19,…
Robert Scott Smith of Newberg Oregon a stockbroker formerly registered with Concorde Investment Services is the subject of a customer initiated investment related written complaint on May 10, 2021 in which the customer sought $678,500.00 in damages supported by accusations that they had been sold unsuitable private placements by Smith while he was registered with…
Tony Barouti, of Los Angeles, California, a stockbroker formerly registered with Newport Coast Securities, Inc., is the subject of a customer initiated investment related written complaint on July 20, 2015, in which the customer requested $100,000.00 in damages based upon allegations that Barouti made misrepresentations to the customer in reference to direct investment products effected…