Tag Archives: Legend Securities Inc.

FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

October 08, 2020  |   Posted by :   |   Boilerroom Sales, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on FINRA Bars Legend Stockbroker For Failure To Pay Arbitration Award

Brian Keith Decker of New York New York a stockbroker formerly registered with Legend Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Decker failed to comply with a FINRA Arbitration Award in which he was ordered to compensate a customer who […]

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FINRA Bars SW Financial Stockbroker For Failure To Pay Arbitration Award

June 22, 2020  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims   |   Comments Off on FINRA Bars SW Financial Stockbroker For Failure To Pay Arbitration Award

Richard James Coleman (also known as Rich Coleman and as Rick Coleman) of Melville New York a stockbroker formerly registered with SW Financial and Legend Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on June 2, 2020 based upon allegations that he did not report to […]

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Legend Stockbroker Barred For Failure to Pay Arbitration Award

May 12, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on Legend Stockbroker Barred For Failure to Pay Arbitration Award

Bernardo Misseri (also known as Brendan Misseri) of Staten Island New York a stockbroker employed by Legend Securities has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations that the stockbroker failed to comply with a customer initiated investment related arbitration award or settlement […]

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Legend Securities Sued By Investors For Fraud

Steven John Meyer of Staten Island New York a stockbroker formerly associated with Legend Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer was awarded $110,622.95 in compensatory damages supported by Meyer and Legend Securities being found liable on the customer’s claims which included that (1) transactions […]

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Legend Securities Stockbroker Barred In FINRA Investigation

Jason Harris Klabal of New York New York a stockbroker formerly employed by Legend Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Klabal neglected to cooperate with a FINRA inquiry which may have concerned customer disputes that were filed by customers […]

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Legend Securities Sued By Investors For Fraud

Michael Salvatore Stanton of New York New York a former Director of Capital Markets for Legend Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $15,000,000.00 in damages founded on allegations that (1) contractual obligations to the customer had been breached (2) the customer’s account was administered […]

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Investors Sue Legend Securities For Securities Fraud

Bernardo Misseri of Staten Island New York a stockbroker formerly registered with Legend Securities Inc. has been ordered by a Financial Industry Regulatory Authority (FINRA) Arbitration Panel to pay a customer $110,622.95 in compensatory damages and $629,241.78 in punitive damages based upon the Panel finding that (1) Misseri negligently transacted in the customer’s account (2) […]

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Legend Securities Compliance Officer Admits To Misconduct

Christopher Nicholas Cacace of New York New York a former Chief Compliance Officer of Legend Securities Inc. 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 Cacace failed to inform FINRA about customer initiated investment related disputes alleging the […]

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FINRA Bars Legend Securities CEO For In Investigation

Anthony Fusco of New York New York the Chief Executive Officer of Legend Securities 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 in FINRA’s investigation into accusations that he failed to supervise the firm’s brokers. Letter […]

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Legend Stockbroker Barred In Investigation

Brian Keith Decker of New York New York a stockbroker formerly employed by Legend Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he declined to cooperate with FINRA’s investigation into accusations of his misconduct. Letter of Acceptance Waiver and […]

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FINRA Bars Legend Securities Stockbroker For Fraud

Richard Gomez of New York New York is a former Legend Securities Inc. stockbroker who is subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which contained findings that Gomez (1) made fraudulent misrepresentations to customers (2) recommended securities that were not suitable for customers and (3) sold investments away from Legend […]

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Customer Accuses Legend Securities Of ETF Suitability

March 16, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Yevgeniy G. Akilov of Staten Island New York is a stockbroker formerly employed by Legend Securities Inc. who is the subject of a customer initiated investment related written complaint on March 1, 2016 in which the customer requested $15,165.90 in damages founded on allegations that unsuitable exchange traded fund and over-the-counter equities transactions were placed […]

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Legend Securities Accused Of Excessive Commissions

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

John N. Girgis of New York New York is a stockbroker formerly registered with Legend Securities Inc. who is the subject of a customer initiated investment related written complaint which settled for nearly ten thousand dollars in damages founded on allegations that the customer was charged excessive commissions for over-the-counter equities transactions executed in the […]

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Legend Securities Sued For Churning

July 05, 2017  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Brandon Joseph Vassallo, of Syosset, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on May 18, 2016, where the customer sought $750,000.00 in damages based upon allegations that Vassallo charged excessive commissions, churned the customer’s investment portfolio, effected transactions in the that […]

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Legend Securities Named In Customer Arbitration

June 08, 2017  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Marlon O. Cole, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, in which a customer was awarded $80,600.00 on June 16, 2016, based upon allegations that Cole failed to execute the customer’s instructions to sell equity positions after ten […]

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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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Alexander Capital Stockbroker Charged With Obstructing

May 05, 2017  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Peyton Nelson Jackson, of New York, New York, a stockbroker formerly registered with Alexander Capital, L.P., and Legend Securities, Inc., has been charged by Financial Industry Regulatory Authority in a Complaint which alleges that Jackson failed to cooperate in a FINRA investigation into allegations that he effected fraudulent transactions in customer accounts. Department of Enforcement […]

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Regulators Descend Upon Legend Securities

Michael Salvatore Stanton, a former branch office manager and director of capital markets for Legend Securities, Inc., has been charged in a Complaint by Financial Industry Regulatory Authority (FINRA) Department of Enforcement containing allegations that Stanton failed to supervise a registered representative who defrauded a disabled, blind and elderly investor. Department of Enforcement v. Michael […]

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FINRA Securities Arbitration Filed Against Legend Securities

David Martin Martirosian, of Oyster Bay, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on June 11, 2015, in which the customer requested $10,696.00 in damages based upon allegations that Martirosian effected unauthorized over-the-counter equity transactions in the customer’s account. Financial Industry […]

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Legend Securities Fined By Regulators

April 20, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Legend Securities Inc., a former New York based brokerage firm whose license was cancelled by Financial Industry Regulatory Authority (FINRA) in January of 2017, was fined $300,000.00 by the Securities Commissioner of South Carolina based upon an Administrative Order containing findings that the firm charged customers with fees which were not reasonable, made unsuitable investment […]

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Legend Securities Sued For Unsuitability

Michael Nicholas Guilfoyle, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on October 2, 2015, for $99,999.00 in damages based upon allegations that Guilfoyle excessively traded or churned the customer’s investment account, made unsuitable over-the-counter equity recommendations, […]

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Legend Securities Sued by Customer For Fraud

Baris Cabalar, of Hauppauge, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on March 8, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Cabalar violated the Arkansas Securities Act, churned the customer’s account, breached his contractual and […]

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Legend Securities Sued by Customer For Churning

Jeanpaul Charles Skovronck, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on August 29, 2016, in which the customer requested $200,000.00 in damages based upon allegations that Skovronck negligently handled the customer’s investment portfolio, breached his fiduciary and contractual […]

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Legend Securities Stockbroker Sued for Excessive Trading

February 13, 2017  |   Posted by :   |   Churning   |   0 Comments

Robert Francis Stefanelli, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on December 12, 2016, in which the customer requested $50,000.00 in damages based upon allegations that Stefanelli utilized high pressure sales tactics, and effected equity and options margin trades in the customer’s account […]

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Legend Securities Named In Customer Securities Arbitration

February 01, 2017  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Bernardo Misseri, of Staten Island, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, in which the customer was awarded $50,000.00 in damages on August 12, 2016, based upon allegations that Misseri breached his fiduciary duties, negligently handled the customer’s portfolio, failed to […]

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Legend Securities Named in Customer Arbitrations Alleging Fraud

John S. Cangialosi, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been subject to a customer initiated investment related arbitration claim from November 20, 2015, which was settled for $9,999.00 in damages based upon allegations that Cangialosi made misrepresentations to the customer concerning investments, effected unsuitable investments in the […]

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Legend Securities Named In Customer Arbitration Alleging Unsuitability

November 29, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Enver R. Alijaj, of New York, New York, a stockbroker formerly associated with Legend Securities Inc., has been subject to a customer initiated investment related arbitration action on January 13, 2016, in which the customer requested $73,454.00 in damages based upon allegations that Alijaj effected unsuitable transactions in the customer’s account pertaining to over-the-counter equities, […]

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JP Turner Named In Customer Arbitration Fraud Claim

November 18, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Rocco G. Guidicipietro, of New York, New York, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been subject to three customer initiated arbitration claims involving his misconduct. Particularly, on October 21, 2014, a customer initiated investment related arbitration claim involving Guidicipietro’s conduct was resolved for $60,000.00 in damages based upon allegations that […]

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Legend Securities Named In Churning Claim

Jason H. Klabal, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., disclosed several customer initiated investment related arbitration claims. Specifically, on November 17, 2015, Klabal settled a customer initiated investment related arbitration claim for $50,000.00 in damages based upon allegations that Klabal was responsible for the customer’s losses on an […]

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Legend Securities Stockbroker Named in Churning Claim

November 02, 2016  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Daren F. Dorval, of Staten Island, New York, a stockbroker with Legend Securities Inc., has been named in a pending customer initiated investment related arbitration claim on April 10, 2015, in which a customer requested $150,000.00 in damages based upon allegations against Dorval of making false statements to the customer concerning investments, failing to abide […]

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