Stephen Romney Swensen, of Clearfield, Utah, a stockbroker registered with JW Cole Financial Inc. and investment advisor representative of Wealth Navigation Advisors, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $14,400,000.00 in damages resulting from an alleged fraud relating to a…
Jason Kimber, of Logan, Utah, a stockbroker associated with J.W. Cole Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,000,000.00 in damages. The allegations center around Kimber’s involvement in alleged fraudulent activities that were conducted away from J.W. Cole…
Ronald Matthew Hoyle (also known as Ron Hoyle), of Tomball, Texas, a stockbroker registered with J.W. Cole Financial Inc., is the subject of a customer initiated investment related complaint filed on May 2, 2023, in which the customer requested $33,000.00 in damages based upon allegations that Hoyle made unsuitable recommendations of variable annuities during the…
Donald Ernest Leitzell of State College, Pennsylvania, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint filed on September 8, 2021, in which the customer requested $19,648.00 in damages based upon allegations that Leitzell made unsuitable recommendations of stocks during the time that Leitzell was associated…
Scott Paul Smith of Huntington Beach, California, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Smith borrowed customer funds. Acceptance, Waiver, and Consent No. 2020066349702 (January 5, 2023). Smith served as a registered representative at Edward…
Tim Russell Gerds (also known as Tim Gerds), of Hubertus, WI, a stockbroker registered with J.W. Cole Financial Inc., was the subject of a customer initiated investment related complaint that was settled on August 16, 2021, for $50,000.00 in damages based upon allegations that Gerds engaged in unauthorized trading and charged excessive fees in connection…
William Townley Koenig III of Spring Hill Florida a stockbroker currently employed by J.W. Cole Financial Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that the customer’s assets were placed in speculative stock positions that were not suitable for the customer. Financial…
Michael Terry Swingle of Clearwater Florida a stockbroker formerly registered with J.W. Cole Financial Inc. has been fined $5,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized customer loan arrangements with the firm’s customers. Letter…