Richard Allen Ceffalio Jr. (also known as Rich Ceffalio), of Arlington Heights, Illinois, a stockbroker registered with LPL Financial, is under a Financial Industry Regulatory Authority (FINRA) investigation as of October 2, 2024. FINRA reportedly issued a Wells Notice for potential violations of FINRA Rules 3240 and 2010. The allegations involve Ceffalio possibly borrowing from…
Christopher Brian Riggs (also known as Chris Riggs), of Petersburg, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested over $5,000.00 in damages based upon allegations the he made the unsuitable investment recommendations of…
Stephen Herman Wedel (also known as Steve Wedel), of Creve Coeur, Missouri, a stockbroker formerly registered with LPL Financial, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on May 16, 2022. The customer sought $95,000.00 in damages based on the allegation that Wdel made the…
Christopher Carl Cavallaro, of Rockland, Massachusetts, a stockbroker registered with LPL Financial LLC, has been the subject of eleven customer initiated, investment related disputes that consist of customer complaints and Financial Industry Regulatory Authority (FINRA) arbitration claims. According to FINRA Public Disclosure, on August 30, 2024, a customer filed an investment related FINRA securities arbitration…
Barbara Elizabeth Leonard, of Houston, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim filed on April 16, 2024. The customer requested $125,000.00 in damages, based on allegations that she made the unsuitable investment recommendations of direct investments, including…
Teddy R. Ezzell III, of Fort Collins, Colorado, a stockbroker registered with LPL Financial LLC, is the subject of two customer initiated investment related disputes. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that on April 8, 2024, a customer initiated investment related FINRA securities arbitration claim about Ezzell was filed, where the customer sought…
Anida Venniro (also known as Enida Kerciku and Enida Venniro), of Farmington Hills, Michigan, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Venniro engaged in an outside business activity without providing prior…
Justin Y. Gerow, of Punta Gorda, Florida, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Gerow forged customer signatures on documents without their prior permission, causing the securities broker dealer to maintain inaccurate…
John C. Shen (also known as Cong Shen), of Dedham, Massachusetts, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Shen used an unapproved social media platform to communicate about his securities business during…
Richard John Donatelli (also known as Rick Donatelli), of Columbiana, Ohio, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 2, 2024, in which the customer requested $79,437.04 in damages based upon the alleged unsuitable investment recommendation of variable annuities when Donatelli was associated…
Robert Joseph Earls Jr., of Roanoke, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Earls was associated with LPL Financial…
Timothy Joseph Banks (also known as Tim Banks), of Creve Coeur, Missouri, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment investment recommendation of real estate securities or…
David Jon Nastri, of Cheshire, Connecticut, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities when Nastri was associated with LPL Financial LLC….
Bernell D. Baker, of Eagle Mountain, Utah, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon alleged the unsuitable investment recommendation of real estate securities during the period that Baker was associated…
Phillip Chien-Cheng Kao, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Kao was associated with…
Edward Felix Dublis (also known as Ed Dublis), of Byron Center, Michigan, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages based upon allegations that Dublis made the unsuitable investment recommendation of…
Sharif Azmi Sharif of Elmhurst, Illinois, a stockbroker previously registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif failed to adequately disclose his involvement with an outside company and participated in customers’ private investment in…
Scott Eugene Buck of Stow, Ohio, a stockbroker registered with LPL Financial LLC, has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Buck engaged in unauthorized trading and used unapproved methods to communicate with LPL Financial customers. Letter of Acceptance, Waiver, and…
Vincent Anthony Pallitto Jr. (also known as Vince Pallitto and Vinny Pallitto), of Florham Park, New Jersey, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon allegations that Pallitto made the unsuitable…
Walter Frank Squires Jr., of Derby, Connecticut, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on January 30, 2024, in which the customer requested damages based upon allegations that Squires made the unsuitable investment recommendation of alternative investments during the period that Squires was associated…
Azmi Patrick Sharif, of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif took part in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076175702 (June 26, 2024). On…
Shaun B. Floresca, of Chicago, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Floresca made the unsuitable investment recommendation of real estate securities when Floresca was associated…
Joseph William Moyer of Columbus, Ohio, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on March 29, 2021, in which the customer requested $189,000.00 in damages based upon allegations that Moyer made misrepresentations of material fact and made the unsuitable investment recommendation of variable life…
Andrew M. Komarow, of West Hartford, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been barred by United States Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative because Komarow engaged in a free-riding securities trading scheme. In the Matter of Andrew M. Komarow, Order Instituting Administrative Proceedings, File…
Anthony George Makransky (also known as Tony Makransky), of League City, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Makransky made unsuitable investment recommendations and misrepresentations…
Brian Troy Hinson of Huntsville, Alabama, a stockbroker previously registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Hinson made the unsuitable investment recommendation of oil and gas investments when…
Kathryn J. Hackney (also known as Kathryn Ohlin), of Orange, California, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that Hackney made the unsuitable investment recommendations of real…
Charles Gyude Bryant III, of Sarasota, Florida, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on September 7, 2023, based upon allegations that Bryant exceeded his discretionary trading authority. This is not the first time that the registration of Bryant has been terminated by a securities broker dealer…
Joshua R. Cook of Vernal, Utah, a stockbroker registered with LPL Financial LLC, has been fined $7,500.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cook engaged in forgery and maintained inaccurate firm records at LPL Financial LLC. Letter of Acceptance, Waiver, and Consent…
William Frederick Fox (also known as Bill Fox and Billy Fox), of Austin, Texas, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related “complaint” that was settled for $8,000.00 in damages on November 23, 2022, based upon alleged “poor performance in direct investments and real estate securities” recommended…
Mark W. Manning, of Fishkill, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Manning failed to comply with FINRA requests for documents and information in an investigation into a complaint. Letter of Acceptance, Waiver, and Consent, No….
Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate…
Edward Terral Hill (also known as Ed Hill), of West End, North Carolina, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on October 2, 2023. In this complaint, the customer requested $20,805.24 in damages based upon allegations that Hill failed to follow instructions in connection…
Lori Fleischhacker Copeland, of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Copeland did not cooperate with a FINRA investigation into allegations of her alleged outside business activities. Letter of Acceptance, Waiver, and Consent No. No….
Tamara Ann Glenn (also known as Tamara Dawson, Tamara Gallegos, Tamara Haselby, and Tamara Langham), of East Lansing, Michigan, a stockbroker registered with Essex National Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $35,000.00 in damages based upon allegations…
LPL Financial LLC, a securities broker-dealer headquartered in Fort Mill, South Carolina, has been censured and fined $5,500,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise direct business transactions, provided false information to customers regarding mutual fund switch transactions, and failed to supervise Business Development Company (“BDC”) transactions. Letter of Acceptance,…
John Aloysius Dougherty of Blue Bell, Pennsylvania, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dougherty failed to provide information and documents requested in connection with FINRA’s investigation into his potential private securities transactions and outside business activities. Letter…
Oscar Lee Harrison II of Fremont, California, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint filed on April 22, 2021. In this complaint, the customer requested $100,000.00 in damages based upon allegations that Harrison “refused” to execute an order to purchase 1,000 shares of ERI stocks…
Patrick Noel Thayer of Lebanon, Ohio, a stockbroker previously registered with LPL Financial LLC and Parkland Securities LLC and owner of Broadway Financial Solutions, has been permanently barred by Securities and Exchange Commission (SEC) from associating with any investment adviser, broker, dealer, or other related entities and from participating in any penny stock offerings, because…
John Spyro Demertzis of East Setauket, New York, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $700,000.00 in damages based upon allegations that Demertzis made unsuitable recommendations in alternative investments, including real estate securities during the time that Demertzis…
Brian Jesse Singleton, based in Pocatello, Idaho, a stockbroker registered with LPL Financial LLC, was the subject of a customer-initiated investment related FINRA securities arbitration claim that was settled for $14,999.00 in damages. The claim alleged that Singleton misrepresented the risk of a structured note that was purchased by the customer during the time that…
Scott Michael Bremus, of Dacula, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bremus engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021073072701 (October 6, 2023). According to the AWC,…
Tyson William Allred, of Portland, Oregon, a stockbroker formerly registered with U.S. Bancorp Investments Inc., is the subject of a customer initiated investment related complaint filed on September 5, 2023, in which the customer requested $998,131.88 in damages based upon allegations that Allred made specific assurances that the investment chosen for the customer involved protected…
Frank Levi Martin (also known as Frangel Levi Martin and Frangel Levi Martinez), of Brooklyn, New York, a stockbroker now registered with LPL Financial, has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity because Martin failed to supervise trading activities and investigate red flags…
Evan A. Lunsford of Terre Haute, Indiana, a stockbroker associated with LPL Financial, was the subject of a customer initiated investment related complaint filed on August 18, 2023, in which the customer requested compensatory damages. The customer’s allegations are that Lunsford made investment recommendations in structured notes tied to the energy market that were unsuitable…
John Elliot McCune Jr., of Portsmouth, New Hampshire, a stockbroker associated with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that McCune failed to follow the customer’s instructions of consulting one of her…
John E. Pelletier of Wauwatosa, Wisconsin, a stockbroker registered with BMO Harris Financial Advisors Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pelletier based upon allegations that Pelletier engaged in unauthorized trading in the individual retirement account of a customer…
Robert Earl Stanlick, of Colorado Springs, Colorado, a stockbroker associated with Presidential Brokerage Inc. (also known as Forta Financial Group Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $34,000.00 in damages based on allegations that Stanlick engaged in breach of fiduciary…
Jeffrey Kenneth Kirkpatrick, of Dacula, Georgia, a stockbroker associated with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kirkpatrick falsified a wire transfer request form and caused his firm to maintain incomplete and inaccurate records and books….
Kevin Joseph Carroll of Glastonbury, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member because he borrowed a customer’s funds and engaged in unauthorized trading in unit investment trusts during the time that he was associated…
LPL Financial, a securities broker dealer now headquartered in Fort Mill, South Carolina, was censured and fined $3,000,000.00 by Financial Industry Regulatory Authority (FINRA) because LPL Financial failed to supervise certain representatives, resulting in their conversion of customer funds. Letter of Acceptance, Waiver, and Consent No. 2020067897601 (July 25, 2023). Between May of 2018 and…
Gregory Edward Collins (also known as Greg Collins), of East Greenbush, New York, a stockbroker registered with LPL Financial LLC, has been fined $12,500.00 and suspended for six months by FINRA because Collins engaged in private securities transactions and outside business activities during the time that he was associated with LPL Financial. Letter of Acceptance,…
Joseph Francis Bartosiewicz Jr. of Stamford, Connecticut, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bartosiewicz failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules during the time that…
Lynn Witherspoon Bryant (also known as Deborah Lynn Bryant), of Hurst, Texas, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bryant failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during…
Preston Jason Bellaire, of Orlando, Florida, a stockbroker registered with MSI Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $7,500.00 in damages based upon allegations that Bellaire made misrepresentations of material fact about risks in connection with the sale…
Mario Everildo Rivero Jr., of Red Bank, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC and LPL Financial LLC, has been barred as a stockbroker by Securities and Exchange Commission (SEC) because Rivero pled guilty to federal fraud charges. In the Matter of Mario E. Rivero, Order No. 3-21352 (March 28, 2023)….
Azmi P. Sharif of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on December 20, 2022, based upon allegations that Sharif engaged in an undisclosed outside business activity. The securities broker dealer stated that Sharif inadequately disclosed his business activities and had taken part in undisclosed…
Jeremy Jefferson Jacobson, of Metairie, Louisiana, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jacobson engaged in discretionary trading. Letter of Acceptance, Waiver, and Consent No. 2021071954502 (June 6, 2023). According to the…
John Nicholas Terzis of Skokie, Illinois, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Terzis borrowed customer funds. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, Terzis borrowed $200,000 from an elderly…
Kale King Hoong Young, of Torrance, California, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 20 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Young falsified customer signatures. Letter of Acceptance, Waiver, and Consent No. 2020066352101 (June 8, 2023). According to the…
Robert T Li of Naperville, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $200,000.00 in damages based upon allegations that Li made unsuitable recommendations of real estate securities and stocks when Li was registered with LPL Financial…
Bryan Edward Davidson of Scottsdale, Arizona, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint filed on December 26, 2022, in which the customer requested compensation based upon allegations that Davidson mismanaged the customer’s account during the time that Davidson was associated with LPL Financial LLC. The…
Christopher John Carpenter (also known as Chris Carpenter), of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carpenter failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…
Patrick Keith Sloan of Kewanee, Illinois, a stockbroker registered with LPL Financial LLC, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sloan committed forgery, caused the securities broker dealer to maintain false records or books, and engaged in unauthorized or…
Eric Shea Hollifield, of Dacula, Georgia, a stockbroker registered with LPL Financial LLC is the subject of an enforcement action initiated by SEC in which the regulator is seeking sanctions against Hollifield based upon allegations that Hollifield committed securities fraud. Securities and Exchange Commission v. Eric S. Hollifield, Civil Action No. 2:22-CV-129-RWS (June 30, 2022)….
John Nicholas Terzis of Skokie, Illinois, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Terzis “borrowed” customer funds from an elderly customer. Letter of Acceptance, Waiver, and Consent No. 2022073846901 (December 23, 2022). According to the AWC, in December…
Robert Allen Koestler (also known as Bob Koestler), of Prairie Du Chien, Wisconsin, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Koestler failed to testify during the period that FINRA investigated the stockbroker for possible violations of FINRA rules….
Michael Joseph Lancaster (also known as Mike Lancaster), of Canton, Ohio, a stockbroker registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lancaster made unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent No. 2021070463601 (November…
Joseph Edward Faherty of Old Tappan, NJ, a stockbroker registered with Royal Alliance Associates Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Faherty made unsuitable invstment recommendations of Business Development Companies or “BDCs” during the time that…
Cynthia Ann Giovacchino, of Ansonia, Connecticut, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related complaint that was settled on February 11, 2022, to resolve allegations that Giovacchino made unsuitable recommendations of Real Estate Investment Trust or REIT during the time that Giovacchino was associated with LPL Financial…
Jonathan David Cummings of Hurst, Texas, a stockbroker registered with InvestaCorp Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $15,000.00 in damages based upon allegations that Cummings made misrepresentations and omissions of material fact, was negligent, and made unsuitable recommendations of real estate securities during…
Thomas Jacob Ciolek of Franklinville, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ciolek failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2021070741901 (November…
Richard Clarence DeYoung Jr. of St. Louis, Missouri, a stockbroker registered with Wells Fargo Clearing Services LLC, was the subject of a customer-investment related complaint filed on March 12, 2020, in which the customer requested compensatory damages based upon allegations that DeYoung engaged in unauthorized trading in the customer’s Wells Fargo account. This is not the…
Carlos Leston (also known as Jose Carlos Leston), of New York, New York, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Leston failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter…
Bradley Allen Goodbred of Roselle, Illinois, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,225,000.00 in damages based upon allegations that Goodbred caused her to execute a document appointing representative as her power of…
William Perry Randall of Rockford, Illinois, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint that was settled on March 10, 2021 based upon allegations that Randall breached his fiduciary duties, and failed to supervise the sale of the FS Energy & Power Fund during his asssociation…
Yvonne Lara Silguero of McAllen, Texas, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Silguero was negligent, made misrepresentations and omissions of material fact, breached her fiduciary duties, and was unsupervised, in…
Norbert Michael Witt of Amherst, New York, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on November 1, 2020, where the customer requested $14,000.00 in damages based upon accusations that Witt supposedly failed to follow “instructions” (whatever that means) concerning the customer’s account during the…
Christopher Neil Watkins of Louisville, Kentucky, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on June 2, 2022, where the customer sought compensatory damages based upon allegations that Watkins provided unsuitable investment recommendations in connection with the sale of alternative investments, including business development company…
James Kenneth Couture of Worcester, Massachusetts, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related written complaint that was settled for $270,179.42 in damages on May 19, 2022, supported by accusations of misappropriation of the customer’s funds by Couture while he was registered with LPL Financial. On September…
Bruce Cameron Amman of Golden, Colorado, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Amman engaged in private securities transactions during the time that he was employed by LPL Financial. Letter of…
Kevin Marshall McCallum of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $725,650.00 in damages founded on allegations that the customer was overconcentrated in a business development company (BDC) when McCallum was registered with LPL Financial LLC….
Steven Martin Barnett of Jacksonville, Florida, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Barnett mismarked customer order tickets while he was employed by LPL Financial. Letter of Acceptance,…
Michael Walter Mandel of Upper Saddle River, New Jersey, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions while he was associated with Royal…
Howell Gregory Ferguson (also known as Gregg Ferguson), of Bellville, Texas, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of forgery and false statements to the regulator by Ferguson during…
Gilberto Briseno (also known as Gilbert Briseno), of Boutte, Louisiana, a stockbroker formerly registered with LPL Financial LLC, is identified in a customer initiated investment related written complaint on June 4, 2021, in which the customer requested $13,000.00 in damages based upon accusations of losses caused by unsuitable trading of closed-end funds and real estate…
Robert Emmett Pitiger, of Norwich, Vermont, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Pitiger altering documents and reusing customer signatures while Pitiger was employed by LPL Financial. Letter…
Scott Alan Kaufman, of Wyomissing, Pennsylvania, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA’s investigation into accusations of his improper fixed income trading strategy while he was employed by…
Rhett Douglas Bedwell, of Rogers, Arizona, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint which was settled for $19,848.26 in damages on September 23, 2021, based upon allegations of the misuse of the customer’s funds during the time that he was registered with LPL Financial…
Caroline Mohan (also known as Caroline Reyes), of West Palm Beach, Florida, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with a FINRA investigation into allegations of her private securities transactions…
Aaron L. Austin of Bel Air Maryland, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to cooperate with FINRA’s request for information. Case No. 2018058669301 (January 29, 2019). According to FINRA Public Disclosure,…
John Lee Scott, of Phoenix, Arizona, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with the regulator during the time that he was under investigation for engaging in outside business activities…
Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that…
Todd Anthony Esh of Shawnee Kansas a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or an investment adviser representative founded on accusations of Esh making omissions and misrepresentations to investors. In the Matter of Todd A. Esh Order Instituting Administrative Proceedings Case…
Mark Alan Haenny of Loveland Colorado a stockbroker formerly registered with First Allied Securities Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages based upon accusations including negligence and unsuitable recommendations by Haenny as it pertained to LPs and DPPs during the period that…
Ronald Leonard Whittingham (also known as Ron Whittingham) of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that false information had been placed on documents by Whittingham…
Michael Miles Hartlett (also known as Mike Hartlett) of East Petersburg Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in unauthorized trading of a customer’s account when he was…
Eric Shea Hollifield of Dacula Georgia a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA investigators during an investigation into his possible conversion of an elderly customer’s funds during the…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $120,000.00 in damages supported by allegations of the customer being misled regarding details of alternative investments held in their account during the period that…
Joseph Don Malboeuf of Colchester Vermont a stockbroker currently registered with LPL Financial LLC is referenced in a customer initiated investment related complaint which was settled for $85,000.00 in damages on July 19, 2020 founded on accusations that the customer’s account was not properly allocated in mutual funds according to their instructions between October 1,…
Thomas Boley Hunt of Twin Falls Idaho a stockbroker currently registered with Wells Fargo Advisors is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 in damages on July 22, 2020 supported by allegations that Hunt’s transactions at Wells Fargo Advisors were not suitable for the customer. Hunt has…
Christopher Bryan Black (also known as Chris Bryan Black) of Statesboro Georgia a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on May 21, 2021, where the customer sought $84,166.22 in damages based upon accusations that Black provided unsuitable recommendations to them concerning municipal bonds…
Courtney Michelle Kaplan (also known as Courtney Michelle Carlsen, Courtney Michelle Ingram, and Courtney Ingram Yarmesch) of Tampa Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to comply with a FINRA…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative and barred from associating with securities firms across the country according to an Order based on allegations of Hoffman violating securities laws relating to…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 30, 2021 where the customer sought $69,000.00 in damages based upon accusations of Woods making unsuitable recommendations of business development companies and real estate securities when he was…
Joffre Salazar (also known as Jeff Salazar) of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Salazar forged signatures of customers on documents to effect…
Michael Joseph Lancaster of Tampa Florida a stockbroker formerly registered with NFP Securities Inc. and LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (FINRA) inquiry in which FINRA is reviewing a customer initiated investment related complaints alleging misrepresentation and the recommendation of unsuitable investments. Case No. 20210704636 (Mar. 22, 2021). Lancaster has…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC is named in a Securities and Exchange Commission (SEC) lawsuit in which SEC obtained a judgment which restrains and enjoins Booth from further violating federal securities laws based upon findings of Booth defrauding investors. Case No. 3:19-cv-01535 (Feb. 19, 2021). SEC…
Jason C. LaBelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA when he was under investigation for violating the terms of a 2020 disciplinary action against…
James Kenneth Couture of Worchester Massachusetts a former stockbroker of LPL Financial LLC and former investment adviser representative of Private Wealth Management Group has been charged by Securities and Exchange Commission (SEC) with taking part in a scheme to misappropriate $2,900,000.00 from investors. Civil Action No. 1:21-CV-10908 (D. Mass June 1, 2021). According to the…
Jessica Y. Jung of Palo Alto California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations that Jung made misrepresentations regarding alternative investments that the customer purchased through her while she…
Eric Peter Burton of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Burton falsifying customers’ documents relating to variable annuity transactions that he effected. Letter of…
Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu…
John Edgar Simmons Jr. of Gulf Breeze Florida a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simmons failed to cooperate with FINRA’s investigation which focused on whether he engaged in unapproved private securities transactions. Letter…
Jason Howell Poff of Houston Texas a stockbroker formerly registered with LPL Financial LLC 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 findings that Poff engaged in outside business activities that were neither disclosed to nor approved by LPL…
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker registered with International Assets Advisory and LPL Financial LLC has been fined $5,000.00 and suspended for five weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in outside business activities. Letter of Acceptance Waiver and Consent…
Elias Moses Hakimian (also known as Elias Moses Lopez-Hakimian) of Seal Beach California a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he borrowed an LPL Financial customer’s funds in…
Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $1,000,000.00 in damages on February 22, 2021 based upon accusations that the customer’s assets had been converted by Clason between 2015 and 2020 while Clason…
Rhett Douglas Bedwell of Rogers Arizona a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with the regulator when he was being investigated for using forged documentation to transition a customer’s assets…
Bradley Allen Goodbred of Roselle Illinois a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to comply with a FINRA investigation into accusations of his outside business activities during the time that he was…
Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought compensatory damages founded on accusations of unsuitable real estate investment trust recommendations by Fretz during the time that he was associated with…
Kevin Douglas Houser of Allentown Pennsylvania a stockbroker and investment adviser representative of LPL Financial is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $358,000.00 in damages supported by accusations that the customer had been provided unsuitable investment recommendations regarding business development companies and real estate…
Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $4,800,000.00 in damages based upon allegations of the stockbroker making unsuitable trades involving closed end funds during the period that he was registered…
Arthur Obermeier (also known as Art Obermeier) of Boulder Colorado a stockbroker formerly registered with LPL Financial has been fined $5,000.00 and suspended for 60 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Obermeier executed unauthorized trades in the accounts of LPL Financial customers. Letter…
Christopher Bryan Black of Statesboro Georgia a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not comply with FINRA Department of Enforcement during its investigation into loans that Black possibly received from a customer of…
Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning…
Jason Howell Poff of Houston Texas a former stockbroker and investment adviser representative of LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not approved by the securities broker dealer. Department of Enforcement v. Jason Howell Poff Disciplinary Proceeding No. 2018058501502…
LPL Financial LLC a securities broker dealer headquartered in Fort Mill South Carolina has been censured and fined $6,500,000.00 based in part on findings that LPL failed to supervise its stockbrokers’ dissemination of consolidated reports to customers resulting in some of its customers being defrauded by an LPL stockbroker. Letter of Acceptance Waiver and Consent…
Michael Anthony Tavel of Indianapolis Indiana a stockbroker formerly registered with LPL Financial LLC has been fined $20,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Tavel selling away from LPL Financial and making unsuitable investment recommendations while registered with the…
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker and investment adviser representative of Raymond James Financial Services has been isnamed in arbitration claim an Order by Arkansas Securities Commissioner where he was fined $8,000.00 based upon findings that he settled a customer complaint away from Raymond James. Case No. S-19-0033 (Apr. 8, 2019). According to…
James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial…
Norman Stanley Batansky of Jupiter Florida a stockbroker formerly employed by LPL Financial LLC has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Batansky engaged in private securities transactions and concealed his securities-related correspondence. Letter of Acceptance Waiver and…
Timothy Aaron Engelmann of Albuquerque New Mexico a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Engelmann borrowed funds from customers without authorization. Letter of Acceptance Waiver and Consent No….
James Kenneth Couture of Worcester Massachusetts a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Couture failed to cooperate with FINRA investigators. Letter of Acceptance Waiver and Consent No. 2020067011901 (Oct. 21, 2020). According to the AWC,…
William Perry Randall (also known as W. Perry Randall) of Rockford Illinois a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $40,000.00 in damages based upon accusations that the customer had been advised to invest in energy sector investments which…
David Leroy Johnson (also known as D. Leroy Johnson) of Houston Texas a stockbroker formerly registered with LPL Financial LLC 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 findings that Johnson falsified signatures of LPL Financial customers and that…
Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he did not honor FINRA requests which had been made during the time that he was under investigation for violating FINRA…
Clifton Hideki Roberts (also known as Cliff H. Roberts and as Clifton Sato Roberts) of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Roberts engaged in undisclosed outside business activities while associated with…
Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities….
James Michael Rapisarda of Scottsdale Arizona a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Rapisarda engaged in prohibited securities transactions during the period in which he was associated with LPL Financial. Letter…
Benjamin Frank Bourgeois Jr. of Metairie Louisiana a stockbroker formerly employed by Commonwealth Financial Network has been identified in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages founded on accusations that the customer’s check had been misused by Bourgeois and that the customer received bad investment recommendations while Bourgeois…
Benard Wayne Gann of Tyler Texas a stockbroker formerly associated with LPL Financial LLC has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on his consent to findings that he facilitated an unauthorized transaction in a customer’s account. Letter of Acceptance…
Kerry Lee Hoffman of Chicago Illinois a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been advised by Hoffman to invest in unregistered securities during the period in which the…
John George Kallis of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been fined $5,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kallis engaged in undisclosed private securities transactions while employed by LPL Financial. Letter of Acceptance…
James Michael Adgar of Alameda California a stockbroker formerly associated with LPL Financial LLC has been discharged by the firm on August 28, 2019 supported by allegations that Adgar neglected to abide by the policies of the securities broker dealer as it pertained to the insertion of customer signatures on incomplete documentation to effect transactions….
Dain F. Stokes of Bedford, New Hampshire was a registered representative of LPL Financial, LLC. Stokes is 60 years old and resides in Fremont, New Hampshire, where he also has his own LPL Financial independent office. According to FINRA Public Disclosure, In addition to being a registered representative, Stokes also spends time writing fictional novels….
Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that unauthorized transactions were facilitated in the customer’s account during the period in which McCallum was employed…
Yvonne Lara Silguero of McAllen Texas a stockbroker currently associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Silguero as it pertained to…
Scott Mason of Lakewood Colorado a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Mason failed to cooperate with the regulator’s request for his information. Case No. 2018058924501 (Apr. 20, 2020). Mason will be automatically barred…
Donald George Padilla of Alhambra California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Padilla used unauthorized correspondence channels with customers and had caused LPL Financial to maintain false…
Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on March 2, 2020 where the customer sought $66,000.00 in damages based upon accusations that transactions were unsuitable for the customer and that misrepresentations were made by Fretz concerning…
Laura Ortega Shean (also known as Laura O. Provost and as Laura Ortega Provost) of Medford Oregon a stockbroker registered with LPL Financial LLC has been barred from working as a stockbroker or investment adviser representative and fined $30,000.00 by Oregon Division of Financial Regulation based upon allegations which include the stockbroker’s misappropriation of a…
Donald Stephen Woods (also known as Don Stephan Woods) of Louisville Kentucky a stockbroker formerly registered with LPL Financial has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woods provided unsuitable investment recommendations to customers and had submitted…
Joe Percy Medrano of Golden Colorado a stockbroker formerly registered with LPL Financial LLC and Greenstar Advisors LLC is the subject of a Colorado Division of Securities Consent Licensing Order on January 2, 2020 in which he was placed on heightened supervision for three years. Medrano has also been ordered to cease and desist violating…
Cory Ryan Burnell of Valley Springs Colorado a stockbroker formerly employed by LPL Financial LLC and Blueprint Wealth Partners LLC has been ordered by California Department of Business Oversight to cease and desist violating securities laws or regulations and has been suspended for twelve months from engaging in investment advisory business in the State of…
James Thomas Booth of Norwalk Connecticut a stockbroker employed by Invest Financial Corporation and LPL Financial LLC is the subject of an Order to Cease and Desist by the Banking Commissioner of the State of Connecticut based upon allegations that Booth engaged in fraudulent activities and had misappropriated funds belonging to customers of Invest Financial…
Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 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 borrowed funds from a customer of LPL Financial without authorization and had…
Samuel Izaguirre of Miami Lakes Florida a stockbroker currently employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $93,000.00 in damages based upon accusations that (1) Izaguirre lacked appropriate supervision from the securities broker dealer concerning his real estate securities transactions (2) information relating…
Jordan John Boyle of Saratoga Springs Utah a stockbroker currently registered with LPL Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that the customer had been poorly advised as it pertained to real estate securities sold by Boyle between 2014…
Scott Douglas Williams of Franklin Tennessee a stockbroker formerly employed by LPL Financial has been identified in a customer initiated investment related arbitration claim which has been resolved for $61,050.00 in damages founded on accusations that the customer’s account had been churned and that unsuitable penny stocks and equities were traded in the customer’s LPL…
Sonya D. Camarco (also known as Sonia D. Fatchett and as Sonya D. Fatchett-Camarco) of Colorado Springs Colorado a stockbroker formerly employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim which has been resolved for $4,200,000.00 in damages founded on accusations that the customer’s funds were misappropriated or…
Wesley Justin Foltz of Alexandria Louisiana a stockbroker formerly associated with Prospera Financial Services Inc. and LPL Financial LLC has been referenced in a customer initiated investment related complaint on February 15, 2019 in which the customer requested $50,000.00 in damages supported by allegations that direct investments including a real estate investment trust sold by…
Marc Salvatore Pico of Fort Lee New Jersey a stockbroker currently registered with LPL Financial LLC has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to respond to the regulator’s request for information about his activities. Case No. 2018059327101…
Jason C. Labelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC 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 the stockbroker engaged in an outside business activity without disclosing it to LPL Financial. Letter of…
Graham Charles Green of San Francisco California a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 18, 2018 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that investment recommendations failed to be suitable and the customer sustained losses on…
Michael Radford Severance of Edina Minnesota a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Severance failed to cooperate with a FINRA investigation into accusations of him engaging in undisclosed outside business activities. Letter of Acceptance…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been charged by Securities and Exchange Commission (SEC) in a Complaint which alleged that Hoffman engaged in securities fraud through his offer and sale of unregistered GT Media Inc. securities. United States Securities and Exchange Commission v. Kerry L. Hoffman…
Carl John Grilli of Monrovia California a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related civil action brought in the Superior Court of California in which the customer sought $89,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) information about investments had…
Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is referenced in a disciplinary action brought by the Commonwealth of Kentucky’s Department of Financial Institutions in which the regulator is seeking revocation of Lamkin’s stockbroker or advisory licensure in the state founded on allegations of Lamkin engaging in unauthorized activities…
Christopher Neil Watkins of Louisville Kentucky a stockbroker registered with LPL Financial LLC has been discharged by the securities broker dealer on November 30, 2018 founded on accusations that Watkins provided compensation to an unauthorized, unregistered person who may have facilitated a securities transaction with an LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Public…
Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $160,000.00 in damages based upon accusations that (1) unfounded statements and omissions had been made by Kopman in regards to risks of direct investments including business…
Steven Eric Erickson of Vancouver Washington a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on December 31, 2018 founded on accusations that (1) Erickson failed to comply with the policies and procedures of the firm by soliciting customers’ investments in unlisted and low-priced securities and (2) Erickson placed trades…
Louis Mark Miller of Jericho New York a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Miller having failed to comply with FINRA personnel during the period in which he was investigated for effecting discretionary trades…
Jeffrey Lawrence Vasiloff of Vermilion Ohio a stockbroker formerly employed by LPL Financial LLC has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that trades were executed by Vasiloff on a discretionary basis and without the stockbroker receiving written permission from customers…
Michael Alexander Hanson of La Mirada California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages supported by accusations that the customer had been placed into leveraged exchange traded funds which failed to align with the customer’s objectives for…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with both LPL Financial LLC and Invest Financial Corporation and the founder of Booth Financial Associates has been charged by Securities Exchange Commission (SEC) in a Complaint alleging that Booth engaged in a Ponzi scheme in which forty investors were defrauded. SEC v. James T….
Andre Kapulenui Kaluna of Avondale Arizona a stockbroker formerly registered with LPL Financial LLC has been terminated from the securities broker dealer on February 8, 2019 based upon accusations that Kaluna engaged in outside business activities which had not been disclosed to LPL Financial LLC. FINRA Public Disclosure confirms that Kaluna is referenced in three…
James Cornelius Bylenga of Portage Michigan a stockbroker formerly employed by LPL Financial LLC is the subject of a Notice and Order to Cease and Desist issued by the State of Michigan Department of Licensing and Regulatory Affairs’ Corporations, Securities and Commercial Licensing Bureau based upon findings that Bylenga defrauded Michigan residents. In the Matter…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related complaint on June 3, 2019 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that (1) bad recommendations of alternative investments including business development companies had been made to the…
Joseph Alan Likens of Des Peres Missouri a stockbroker employed by LPL Financial LLC has been barred from being a stockbroker or an investment adviser representative in the State of Missouri according to a Consent Order issued by the State of Missouri Office of Secretary of State containing findings that Likens engaged in unethical and…
Michael Eric Johnson of Medford Oregon a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Johnson failed to cooperate with a FINRA investigation into accusations of his improper acquisition of customer accounts and designation as beneficiary…
Louis Mark Miller of Jericho New York a stockbroker formerly employed by LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Miller failed to testify before FINRA personnel during an investigation into accusations of Miller’s unauthorized trading in customers’ brokerage accounts when he was employed by LPL…
Lance R. Shaw of Wynnewood Pennsylvania a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim which settled for $65,000.00 in damages founded on accusations that (1) unauthorized trades were executed in the customer’s account (2) trades were effected in an excessive manner (3) misrepresentations had…
Robert Scott Davis (also known as Robert Scott David) a stockbroker formerly employed by LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Davis engaged in unauthorized trades in the accounts of LPL Financial customers and (2)…
Eric Jason Savell of Roseville California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Savell engaged in outside business activities without disclosing them to LPL Financial and (2)…
James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Booth converted funds belonging to customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062787101…
Scott Mason of Lakewood Colorado a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that a customer’s funds had been borrowed by Mason in violation of the policies of LPL Financial…
Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were…
James “Jim” Booth of LPL Financial and Booth Financial in Norwalk Connecticut has been named in a customer initiated, investment related claims filed before the Financial Industry Regulatory Authority that Booth stole or misappropriated funds from his customers. According to FINRA Public Disclosure, Booth appears to have been terminated by LPL on June 26, 2019….
Jason N. Anderson of Beaumont Texas a stockbroker formerly registered with LPL Financial LLC has been suspended for three months from being an investment adviser representative in the State of Texas according to a Disciplinary Order issued by the Texas State Securities Board Order containing findings that Andersons provided investors with investment recommendations that were…
Charles Caleb Fackrell of Yadkinville North Carolina a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought compensatory damages founded on accusations that (1) penny stock and equities trades were placed in the customer’s account by Fackrell even though Fackrell lacked…
Jason Reed Nelson of Tremonton Utah a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to…
Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nalesnik hindered a FINRA investigation into accusations of (1) Nalesnik engaging in outside business activities in violation of the…
James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No….
Brian Lawrence Stephan of Xenia Ohio a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement based on findings that (1) Stephan gave the customer unsuitanble investment…
Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. was sentenced by a federal district court judge to more than seven years in prison, three years of supervised release and required to pay restitution of $3,085,939.00 according to the United States Attorney’s Office based upon Kitts pleading guilty to…
James Cornelius Bylenga of Portage Michigan a stockstockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply in FINRA’s investigation into Bylenga’s possible loan arrangements with customers of LPL Financial LLC. Letter of Acceptance…
John A. Crumb of Macedon New York a stockbroker formerly employed by LPL Financial LLC has been fined $12,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crumb engaged in outside business activities that were not disclosed to LPL…
Diane Marie Knight of Chico California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint on January 26, 2017 where the customer sought $50,000.00 in damages supported by accusations that while Knight was associated with LPL Financial LLC unauthorized parties signed documents to effect real estate…
Erick Andrew Bourbon of Salem Massachusetts a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written arbitration claim which was settled for $23,000.00 in damages based upon accusations that between January 7, 2014 and June 30, 2016: (1) mutual fund and stock recommendations were not suitable for the…
Jordan John Boyle of Saratoga Springs Utah a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 23, 2019 in which the customer requested $10,000.00 in damages founded on accusations that between September 10, 2014 and January 18, 2019, the customer was provided unsuitable…
Keith Allen Haynes Jr. of Winchester Kentucky a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not cooperate with a FINRA inquiry into his activities likely concerning the allegations cited in his termination from…
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that LPL Financial LLC, a FINRA member brokerage firm headquartered in Boston, Massachusetts, terminated broker Joe Percy Medrano for allegedly engaging in discretionary trading, and Jason Reed Nelson based on accusations of misrepresentation. Joe Percy Medrano Terminated For Exercising Discretion In Customer Accounts Joe Percy Medrano of…
Gregory Jackson Baxter of Fresno California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on November 29, 2017 based upon allegations that he engaged in outside business activities in 2017 after his requests for engaging in those activities had already been denied by the firm. Financial Industry Regulatory…
Louis Mark Miller of Jericho New York a stockbroker formerly employed by LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (“FINRA”) Wells Notice in which FINRA has made an initial determination to suggest that FINRA Department of Enforcement bring a disciplinary action against Miller for obstructing an investigation and making unauthorized trades…
David Philip Antypas of Brentwood Tennessee a stockbroker formerly registered with LPL Financial LLC is the subject of a Tennessee Department of Commerce and Insurance Securities Division disciplinary action where the regulator is seeking the denial of Antypas’ securities registration based upon accusations that (1) during the time Antypas was associated with LPL Financial LLC…
William Frank Welsh of Williamsville New York a stockbroker currently employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on November 14, 2016 where the customer requested damages estimated to exceed $5,000.00 founded on accusations that Welsh was placed into an indexed annuity that was not suitable for…
Gary T. Plessl of Allentown Pennsylvania a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim on February 28, 2017 where the customer sought $250,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning the customer’s investments in variable annuities and…
Gregory Allen Zale of Mesa Arizona a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Zale failed to provide FINRA with information requested of him. Case No. 2016050228801 (Mar. 17, 2017). According to FINRA Public Disclosure,…
Robert James Wodicker of Arnold Missouri a stockbroker formerly registered with LPL Financial LLC has been fined $80,000.00 and barred from registering as an investment adviser representative or broker-dealer agent in Missouri according to a Final Order to Cease and Desist and Order Awarding Civil Penalties Cost and Other Administrative Relief based on findings that…
Paul Edward Dorion of Killington Vermont a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Dorion failed to respond to FINRA’s inquiry. FINRA Case No. 2015047608601 (Oct. 31, 2016). According to FINRA Public Disclosure, a request…
Marie P. Goforth of San Antonio Texas a stockbroker formerly employed by LPL Financial LLC has been suspended by the Texas State Securities Commissioner from engaging in securities business in the State of Texas according to findings that Goforth maintained blank forms signed by customers and reused customer signatures to effect securities transactions. Acceptance Waiver…
Scott Edward Burns of Monroe Michigan a stockbroker formerly registered with LPL Financial LLC has been discharged on August 14, 2018 based upon the firm’s accusations that Burns committed a violation of LPL Financial LLC’s policy by way of engaging in unapproved outside business activities during the time that he was employed with the firm….
Brenda Kay Rafferty (also known as Brenda O’Neal) of San Diego California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $40,000.00 in damages supported by accusations against Rafferty of negligence pertaining to the distribution of the customer’s individual retirement account. Financial…
Tony Alan Tolene of Mechanicsburg Pennsylvania a stockbroker formerly employed by LPL Financial LLC has been fined $4,000.00 and suspended for forty-five days from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customer order tickets as being unsolicited when they were solicited. Letter…
Carol Ann Holesha of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Holesha borrowed money from a customer without the firm’s permission and (2)…
Cheryl Ann Stallings of Amarillo Texas a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Stallings violated the firms supervisory procedures and systems (2) Stallings impermissibly utilized the funds of an LPL Financial…
Michael Jason Ripper of Memphis Tennessee a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he neglected to furnish information to FINRA when FINRA formally requested him to do so. Case No. 2015048052801 (May 9, 2017)….
Jordan P. Rider of Overland Park Kansas a stockbroker currently registered with LPL Financial LLC and representative of V Wealth Management is referenced in a customer initiated investment related written complaint which was resolved for $125,000.00 on August 28, 2017 supported by accusations that Rider (1) executed trades in the customer’s account that were not…
Rey Whitehorn of Hallandale Florida a stockbroker currently employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought more than $5,000.00 in damages supported by allegations that unsuitable corporate-debt transactions were executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01192 (Apr….
Albert Sidney Gersh of Woodland Hills a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he declined to provide FINRA information that had been requested of him. Case No. 2017053705301 (Sept. 25, 2017). According to FINRA…
Marc Salvatore Pico of Fort Lee New Jersey a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on July 3, 2018 in which the customer requested $21,843.55 in damages founded on allegations that omissions had been made to the customer concerning the terms of the variable…
Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on July 8, 2018 supported by allegations that Nalesnik engaged in outside business activities in violation of LPL Financial’s policy, and failed to be forthcoming to the firm when questioned about his activities. Financial Industry…
Robert Matthew Krieger of New York New York a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without disclosing them to LPL Financial. Letter of…
Bradley Clyde Fischer of Troy Michigan a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $450,000.00 in damages supported by allegations that unsuitable real estate investment trust transactions were effected in the customer’s investment account which caused the customer to…
Gretchen Jenkins of Rochester New York a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Jenkins failed to provide FINRA personnel with information after an inquiry was made by FINRA into her activities. Case No. 2018057783001…
Charla Cynthia Kabana of Huntington Beach California a stockbroker formerly employed by LPL Financial LLC 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 comply with FINRA’s investigation into her possible variable annuity sales practice violations. Letter of Acceptance…
Ryan Christopher Faley of Huntington Station New York a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim that settled for $29,750.00 in damages based upon allegations that Faley made equity investment recommendations to the customer that were not suitable. Financial Industry Regulatory Authority (FINRA) Arbitration…
Kodi Robert Hermann of Tualatin Oregon a stockbroker formerly registered with LPL Financial LLC has been named in a customer initiated investment related arbitration claim in which the customer was awarded $9,064.03 in compensatory damages and $1,500.00 in attorneys’ fees founded on accusations of (1) breach of contract (2) negligence (3) violation of FINRA Rules…
Gary Needham of Manchester by the Sea Massachusetts a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related complaint where the customer sought $433,452.00 in damages on October 3, 2017 founded on accusations that (1) the customer suffered unwarranted poor performance on investments and (2) excessive stock trades were…
Brian Lawrence Stephan of Xenia Ohio a stockbroker formerly employed by LPL Financial LLC and Commonwealth Financial Network has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Stephan engaged in unsuitable mutual fund trading and the mismarking of transactions and switch forms. Department of Enforcement v. Brian Lawrence Stephan Disciplinary…
Donald John Chiodo of Clare Michigan a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC is the subject of a customer initiated investment related written complaint on June 27, 2016 where the customer sought $82,841.00 in damages based upon allegations that between April 30, 2015 and May 13, 2016, variable annuity investment recommendations…
Scott Alan Kaufman a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been terminated from employment on June 30, 2017 based upon allegations that Kaufman failed to communicate with customers about trades prior to executing them in their accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on April 26, 2018, a…
Judith Ann Tengler of Broadview Heights Ohio a stockbroker formerly registered with Signator Investors Inc. is referenced in a customer initiated investment related written complaint that was settled on March 1, 2017 to resolve allegations that Tengler effected trades in the customer’s variable annuity account without procuring the customer’s authorization. Financial Industry Regulatory Authority (FINRA)…
Steven Nelson Schrader of Livonia Michigan a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on June 6, 2018 where the customer requested $28,857.00 in damages founded on allegations that the customer’s instructions of transferring stock were not followed causing the customer to incur additional…
Steven Glenn Crawford of Glen Allen Virginia a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on August 18, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed in a variable annuity between June 12, 2016 and…
Suhail Saleem Khan of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information that was requested of him. Case No. 2017054093201 (Nov. 13, 2017). FINRA Public Disclosure…
Eric Sikes of Boca Raton Florida a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 by the Florida Office of Financial Regulation and ordered to cease and desist committing violations of Florida Securities and Investor Protection Act based upon Sikes’ consent to findings that he (1) failed to conduct adequate due diligence…
Clifton Hideki Roberts of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on April 25, 2018 based upon accusations that Roberts failed to abide by the firm’s policy concerning outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Roberts is referenced in two customer…
William Weaks Brennan of Chesterfield Missouri a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $22,978.25 in damages supported by accusations that equity transactions were executed in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority…
Shane Jason Kelly of Port Saint Lucie Florida a stockbroker formerly registered with LPL Financial LLC had been suspended with associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kelly failed to provide FINRA with a response to its request for his information. Case No. 2017054666601 (Jan. 29,…
Brian Patrick Kelly of Canton Ohio a stockbroker formerly employed by LPL Financial LLC has been ordered by the State of Ohio Division of Securities to cease and desist engaging in conduct violative of Ohio Securities Act based upon consenting to findings that Kelly traded in a customer’s account without authorization. In the Matter of:…
Thomas Wayne Chandler of Fresno California a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on January 16, 2018 supported by accusations that Chandler placed transactions in a customer’s investment account that were not authorized by the customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chandler has been…
Bradley Everett Gardner of Fort Bragg California a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2017055975701 (June 4, 2018). According to…
Thomas Edward Andrews of Salt Lake City Utah a former LPL Financial LLC registered representative has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 containing findings that Andrews committed securities fraud. In the Matter…
Donald Joseph Savino Jr. of Rochester New York a stockbroker registered with LPL Financial LLC has been discharged by the firm on March 30, 2017 supported by accusations that Savino engaged in private securities transactions in violation of the firm’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment…
Andre Kapulenui Kaluna of Avondale Arizona a stockbroker currently registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on February 1, 2018 in which the customer requested $36,451.00 in damages supported by allegations that between April of 2017 and December of 2017, the customer’s instructions were not followed regarding…
Kathryn Renee Charpie (also known as Kathryn Renee Stevens) of Overland Park Kansas a stockbroker registered with LPL Financial LLC has been discharged on February 6, 2018 based upon accusations that Charpie entered into an unauthorized borrowing arrangement in violation of LPL Financial policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December…
Ron Ray Willoughby Junior of Tempe Arizona a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint which settled for $33,035.29 on January 9, 2018 founded on accusations that unit investment trust transactions were executed in the customer’s account that were not suitable for the customer. Financial…
Donald Stephen Woods of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which settled on March 1, 2017 for $10,722.00 supported by accusations that misrepresentations had been made to the customer regarding structured products investments. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
Nicole Danielle Jervis of Warren Ohio a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on March 14, 2018 in which the customer sought $10,322.00 in damages supported by allegations that mutual funds had been liquidated from the customer’s investment account without the customer’s authorization…
Karl Horace Romero of Santa Ana California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon accusations that the customer received recommendations that were not suitable concerning limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No….
Brian Lewis Baum of Longmont Colorado a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim which settled for $19,500.00 in damages based upon allegations that the customers were placed into unsuitable energy limited partnership, business development group and real estate security transactions. Financial Industry Regulatory…
Jens Mikel Poulsen of Wenatchee Washington a stockbroker formerly registered with LPL Financial LLC has been terminated on September 20, 2016, founded on allegations that Poulsen solicited stock transactions from customers during the time that the firm had restricted his activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Poulsen has been identified in…
Kevin Joseph Kuhlow of Los Gatos California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in damages supported by accusations including (1) misrepresentation (2) breach of contract (3) negligence (4) and breach of fiduciary duty in regard…
Laura Ortega Shean of Medford Oregon is a stockbroker formerly registered with LPL Financial LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she converted a customer’s funds. Letter of Acceptance Waiver and Consent, No. 2017056236901 (Apr. 3, 2018). According to…
Michael Patrick Spolar of Orlando Florida is a stockbroker registered with International Assets Advisory LLC who has been fired on October 9, 2017 supported by accusations that he engaged in customer communications during a time that he was suspended by Financial Industry Regulatory Authority (FINRA). Particularly, on June 19, 2017, Spolar was suspended from associating…
Raymond Joseph Berg of Mound Minnesota is a stockbroker formerly registered with LPL Financial and owner of Omega Wealth Management Group Inc. who is the subject of a Consent Order issued by Minnesota Commission of Commerce in which a $3,000.00 fine was assessed based upon findings of omissions or representations relating to Berg’s qualifications. Case No….
David J Harrison of Allison Park Pennsylvania is a stockbroker formerly registered with LPL Financial LLC who is the subject of a customer initiated investment related written complaint on October 5 2017 where the customer requested an estimated five thousand dollars in damages supported by accusations of misrepresentation relating to a variable annuity that the…
Joshua Lee Bradley of Scranton Pennsylvania is a former stockbroker of LPL Financial LLC who is the subject of a customer initiated investment related complaint which settled on September 21 2016 for twenty-three thousand one hundred fourteen dollars in damages founded on allegations that Bradley effected the purchase of a variable annuity that was not…
Laura Ortega Shean of Medford Oregon is a stockbroker formerly associated with LPL Financial LLC who is the subject of an Oregon Division of Financial Regulation Notice Order stating that sanctions have been sought against her by the Division based upon accusations that she misappropriated customer funds and effected transactions that were not authorized. Case…
Marilyn Ashley Rios of Portsmouth New Hampshire is a stockbroker formerly registered with LPL Financial LLC who was fired on November 15 2016 supported by allegations that she violated LPL Financial LLC’s policy in reference to customer account signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on September 26, 2017, a customer initiated…
Larry Allen Stapp of Midland Texas is a stockbroker formerly registered with LPL Financial LLC who has been fined ten thousand dollars and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he entered into an unauthorized loan arrangement with a customer…
Brent Van Lott of Orem Utah is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Lott falsified documents relating to customers’ securities transactions. Department of Enforcement v. Brent Lott Disciplinary Proceeding No. 2013038124102 (Jan. 25 2018). According to the Complaint,…
Mark B. Degner of Fall River Massachusetts is a former stockbroker of LPL Financial that has been fined seven thousand five hundred dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations to customers concerning certificate of deposits. Letter of…
Michael Quiles III of Long Island City New York is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Quiles failed to cooperate in a FINRA investigation into accusations of his unapproved customer loan arrangement. Department of Enforcement…
Kevin Douglas Houser, of Allentown, Pennsylvania, a stockbroker formerly employed with LPL Financial LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $250,000.00 in damages based upon allegations that Houser made misrepresentations to the customer concerning annuities, and executed variable annuity transactions that were not suitable for…
Pedro Omar Diaz, of Coconut Creek, Florida, a stockbroker employed with LPL Financial LLC, has been fired on November 29, 2017, founded on accusations that he violated LPL Financial’s policy by engaging in the short-term trading of mutual fund trades in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Diaz has been…
James Ernest Joly, of East Greenwich, Rhode Island, a stockbroker formerly employed with LPL Financial, LLC, is the subject of a customer initiated investment related written complaint on September 22, 2017, in which the customer sought damages estimated at more than $5,000.00 supported by allegations that unauthorized and unsuitable non-traded real estate investment trust and…
Melvin Elwood Case of Jacksonville, Florida, a stockbroker registered with LPL Financial LLC, was fired on May 2, 2017, based upon allegations that he had exploited an elderly individual after converting that individual’s funds for Case’s personal gain. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Case is referenced in five customer initiated investment…
John William Bernard of Shell Beach, California, a stockbroker registered with LPL Financial LLC, 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 placed trades in customer accounts without authorization. Letter of Acceptance, Waiver and Consent, No. 2015044696201 (Dec….
Michael Scott Lance, of San Rafael, California, a stockbroker registered with Wells Fargo Advisors, is the subject of a customer initiated investment related written complaint on October 26, 2016, in which the customer sought more than $5,000.00 in damages based upon accusations that the customer was never informed about tax consequences pertaining to individual retirement…
JoeAnn M. Walker, of Brockton, Massachusetts, a stockbroker formerly registered with Next Financial Group, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she obstructed a FINRA investigation into allegations that she effected unsuitable annuity sales. Letter of Acceptance, Waiver and Consent,…
Steven A. Bumbera, of Saint Louis, Missouri, a stockbroker formerly registered with Kovack Securities Inc., has been fined $4,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in an unapproved outside business activity and failed to be forthcoming to the firm…
Leslie Koonce, of Menlo Park, California, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he sold away from his firm and falsified information about his…
Bradley Ross Thompson, of Fort Collins, Colorado, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he entered into unauthorized lending arrangements with customers of the firm. Letter of Acceptance, Waiver and Consent,…
Sonya D. Camarco, of Colorado Springs, Colorado, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on October 20, 2017, where the customer requested $52,234.20 in damages supported by accusations of fraud, breach of fiduciary duty, and conversion of the customer’s funds. Financial Industry Regulatory…
Angelo Talebi, of Beverly Hills, California, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on September 21, 2017, in which the customer requested $39,298.00 in damages based upon allegations that Talebi made misrepresentations to the customer and effected a purchase of a real estate…
Daniel Edward Pugel of Seattle, Washington, an advisor formerly registered with Financial Advocates Investment Management, was terminated on March 20, 2017, based upon allegations that he violated Financial Industry Regulatory Authority (FINRA) suitability standards in the course of effecting structured notes products for customers. FINRA Public Disclosure reveals that Pugel is the subject of three…
Jason N. Anderson of Beaumont, Texas, a stockbroker formerly registered with LPL Financial LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to fulfill his financial obligations in regard to an arbitration award or settlement agreement. Case No. 2017055025701…
Leon Paul Rehak, of Fort Lauderdale, Florida, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim on October 12, 2017, in which the customer requested $499,000.00 in damages founded on allegations that from May 3, 2011 to September 29, 2017, the customer’s account…
Danny S. Hood of Alpharetta, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been barred from acting as an investment adviser or broker or associating with any investment advisories or brokerage firms in any capacity according to a Securities and Exchange Commission (SEC) Order containing findings that Hood effected unauthorized transactions in customer…
Gregory Ray Powell of Birmingham, Alabama, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related arbitration claim, where customers have alleged that between 2006 to 2015, their investment accounts were improperly managed, misrepresentations were made relating to investments, fees were excessively charged, and their investment portfolios were churned….
Jason Michael Belajack, of Irvine, California, a stockbroker formerly registered with Lincoln Financial Advisors Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he sent bogus letters to a customer to conceal the fact that he misrepresented the features of the customer’s…
Brandon Preston Long of Alpharetta, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment adviser according to an SEC Order containing findings that Long misled investors in the course of selling annuity products. In the Matter of Brandon P. Long,…
Thomas Joseph Breslin Jr., of San Diego, California, a stockbroker formerly associated with LPL Financial LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon allegations that he sold away from LPL Financial. Letter of Acceptance, Waiver and Consent,…
Terrence Jeffrey Diehl, of Boston, Massachusetts, a stockbroker formerly registered with LPL Financial, LLC, has been fined $10,000.00 and handed a nine-month suspension from associating with any FINRA member in any capacity by consenting to findings that he sold away from his firm and lied about it when LPL Financial, LLC questioned him. Letter of…
Dennis Boyd McMurray, of Irvine, California, a stockbroker formerly registered with Girard Securities, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he did not furnish information and documentation to FINRA regulators in the course of an investigation into…
Charles Robert Eloff Jr., of Arlington, Texas, a stockbroker formerly registered with H. Beck, Inc., is the subject of a customer initiated investment related complaint on October 25, 2016, wherein the customer’s claim is based upon accusations that Eloff effected unsuitable direct investment program transactions in the customer’s account. Further, FINRA Public Disclosure reveals that…
Thomas Howard Oliphint, of San Antonio, Texas, a stockbroker registered LPL Financial LLC, has been fired on November 28, 2016, based on allegations that engaged in outside business activities that were not approved by the company. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Oliphint has been identified in two customer initiated investment related…
Joeann Mitchell Walker, of Brockton, Massachusetts, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint, which settled on November 15, 2016, for $175,000.00 in damages based upon allegations of unsuitability regarding variable annuities, and unauthorized trading concerning the purchases and sales of mutual funds and stocks…
Mark Clay Sutherland, of Farmington Hills, Michigan, a stockbroker formerly registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related written complaint on November 21, 2016, in which the customer requested $21,280.68 in damages based upon accusations that Sutherland effected an unauthorized and unsuitable variable annuity purchase. Financial Industry Regulatory…
John Hoyt Williams Jr., of Ridgeland, Mississippi, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 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 sold away from his firm. Letter of Acceptance, Waiver and Consent,…
Christopher Charles Burtraw, of Lakewood, Colorado, a former stockbroker for JP Turner., is the subject of a customer initiated investment related arbitration claim on July 10, 2017, in which the customer sought $1,000,000.00 in damages based upon allegations that Burtraw effected unsuitable transactions in the customer’s account concerning business development companies and real estate investment…
On August 23, 2017, the United States Securities and Exchange Commission obtained an emergency court order against Sonya D. Camarco prevening her from further dissipating stolen client assets of approximately $2.3 million from almost a dozen of her brokerage customers. Sonya D. Camarco was associated with LPL Financial in Colorado Springs, Colorado from February 2004…
Melanie Dawn Garcia, of Winter Haven, Florida, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint, which settled on August 10, 2016, for $3,115.92 in damages based upon allegations that made misrepresentations to the customer, effected unsuitable private securities transactions, and was liable for the…
Stanley Scott Garrison, of Bakersfield, California, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities that were not approved by the firm…
Roger Salvatore Zullo, of Boston, Massachusetts, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that Zullo, inter alia, defrauded customers and made unsuitable investment recommendations. Letter…
Daniel Ian Stieff, of Westlake Village, California, a stockbroker registered with LPL Financial LLC, has been terminated from employment on November 5, 2015, based upon allegations that he traded mutual funds and short-term unit investment trust products in customer accounts in a manner which raised the company’s concerns for sales practice violations, and violated the…
James Joseph Bracey IV, of Martinsville, New Jersey, a stockbroker formerly registered with Multi-Financial Securities Corporation, is the subject of a customer initiated investment related arbitration claim on July 16, 2015, in which the customer requested $803,000.00 in damages based upon allegations against Bracey of negligence, violation of California Securities Law, fraudulent concealment, misrepresentation, and…
Marilyn Ashley Genery, of Portsmouth, New Hampshire, a formerly registered with LPL Financial LLC, was terminated from employment on November 15, 2016, based upon allegations that he violated the firm’s procedures regarding customer account documentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on May 12, 2017, a customer filed an investment related written…
Michael Dennis Hampton, of Orangevale, California, a stockbroker formerly registered with LPL Financial LLC, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA staff with information about whether he had complied with a customer…
Christopher Hanley Russell, of Huntsville, Alabama, a stockbroker formerly registered with LPL Financial LLC, 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 sold away from the firm. Letter of Acceptance, Waiver and Consent, No….
James D. Maendel, of Farmington Hills, Michigan, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misstatements on switch forms that were used to effect unit investment trust transactions….
Barry Jay Dekreek, of Alpharetta, Georgia, a stockbroker currently registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on June 17, 2016, wherein the customer requested $5,000.00 in damages based upon allegations that Dekreek did not adequately advise the customer about investing in a fixed annuity. Financial Industry…
Todd Joseph Pilosi, of Fresno, California, a stockbroker formerly registered with LPL Financial LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized transactions involving customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051455601 (Apr….
Bryce Scott Wilinski, of Melville, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related arbitration claim, wherein the customer was awarded $352,815.00 in damages on June 16, 2016, based upon allegations that Wilinski made misrepresentations and omissions to the customer, failed…
James Edward Bashaw, of Houston, Texas, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on September 2, 2016, in which the customer requested $3,800,000.00 in damages based upon allegations that Bashaw made unsuitable investment recommendations to customers concerning Texas Air Shuttle, LLC. Customers additionally…
M. Tyler Bonds, of Newport Beach, California, a stockbroker formerly registered with LPL Financial LLC, 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 entered into a loan arrangement with a customer in violation of his firm’s policies….
John Charles Bland, of Durham, North Carolina, a stockbroker registered with Commonwealth Financial Network, was terminated from employment on April 25, 2017, based upon allegations that he violated the firm’s policies by failing to disclose information to a customer relating to the customer’s variable annuity purchase. The firm alleged that Bland concealed the source of…
Shawn Allen Stults, of Midland, Texas, a stockbroker formerly registered with Wells Fargo Advisors, has been named in a customer initiated investment related written complaint, which settled on May 24, 2017, for $6,249.91 in damages to resolve allegations that Stults effected transactions in the customer’s account that were not suitable for the customer. Apparently, between…
David James Vigil, of Ponte Vedra Beach, Florida, has been named in a customer initiated investment related arbitration claim on April 24, 2017, in which the customer requested $90,000.00 in damages based upon allegations that Vigil effected unsuitable transactions in the customer’s managed wrap account. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Vigil…
Scott Andrew Valentine, a stockbroker formerly registered with Capital One Investing, LLC, has been named in a customer initiated investment related written complaint on March 27, 2017, in which the customer requested damages estimated to exceed $5,000.00 based upon allegations that Valentine effected the unsuitable purchase of the customer’s variable annuity. Valentine’s registration with Capital…
Joseph Hsioh-Tsuei Lee, of Irvine, California, a stockbroker formerly registered with Cetera Investment Services LLC, has been named in a customer initiated investment related written complaint on February 8, 2017, in which the customer requested $40,000.00 in damages based upon allegations that Lee made misrepresentations and omissions to the customer regarding the fees pertaining to…
Nick Morgan Campbell, of Irving, Texas, a stockbroker with Raymond James Financial Services, Inc., was terminated from employment based upon allegations that Campbell committed violations of Raymond James’ policies and procedures. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Campbell has been identified in three customer initiated investment related disputes containing allegations of his…
Charles Harvey Kuhtz III, of Hartland, Wisconsin, a financial advisor for Edward Jones, has been named in a customer initiated investment related written complaint on January 18, 2017, in which the customer requested $5,000.00 in damages based upon allegations that Kuhtz made misrepresentations to the customer regarding a Hartford Protector Variable Universal Life policy. Kuhtz’s…
Jeremy T. Monte, of Fairport, New York, a stockbroker formerly registered with American Portfolios Financial Services, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he partook in outside business activities and private securities transactions which his firm did…
Steve Dale Heath, of Newport News, Virginia, a stockbroker formerly registered with LPL Financial, LLC, 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 effected trades in a customer’s account on an unsuitable and unauthorized basis. Letter of…
Alfred Talens Jr., of Indianapolis, Indiana, a stockbroker formerly registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Talens failed to provide FINRA personnel with a response to a request for Talens’ information. Case No. 2015044377301 (Oct. 13,…
Thomas Edward Andrews, of Salt Lake City, Utah, a barred stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related written complaint on October 20, 2016, in which forty-four customers have collectively requested $10,504,799.00 in damages based upon allegations that Andrews churned the customers’ accounts, negligently managed the customers’…
Ronald Edward Siemon, of Albuquerque, New Mexico, a stockbroker formerly registered with LPL Financial LLC, was permanently 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 allegations of Siemon’s misconduct asserted via a customer…
Eugene Theodore Smietana, of Traverse City, Michigan, a stockbroker formerly registered withEugene Theodore Smietana, has been named in a customer initiated investment related written complaint, which settled on December 7, 2015, for $87,750.00 in damages based upon allegations that Smietana effected equity trades in the customer’s account on an excessive and unsuitable basis. Financial Industry…
Lance Shaw of Havcrford, Pennsylvania, formerly registered with LPL Financial LLC, was recently barred from the Financial Industry Regulatory Authority (FINRA) after failing to respond to the FINRA Staff for “information.” FINRA suspended Shaw in May 2016, but decided not to bar him until August 2016. Why FINRA wanted to talk to Shaw is a secret…
The Broker-Dealer Task Force and Office of Investor Education of the Securities and Exchange Commission (SEC) issued an Investor Alert on January 9, 2017, which discussed how investors can detect when brokers effect excessive trades in their brokerage accounts. The SEC also detailed how investors could respond when notified by brokerage firms regarding substantial trading…
LPL Financial, LLC, headquartered in Boston, Massachusetts, was censured and fined $900,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to distribute account notices containing customer suitability information. Letter of Acceptance, Waiver and Consent, No. 2015045887301 (Dec. 21, 2016). According to the AWC, between 2009 and 2016, the…
Vincent Paul Sturm, of Perry, Iowa, a stockbroker formerly registered with LPL Financial LLC, was terminated by the firm and VisionPoint Advisory Group, LLC on August 26, 2016, based upon allegations that Sturm solicited loans from customers in violation of his firms’ policies. Since September 7, 2016, Sturm has been registered with Berthel, Fisher &…
Steve Dale Health, of Newport News, Virginia, a stockbroker formerly registered with Capital Securities Management, Inc., is currently the subject of a Financial Industry Regulatory Authority (FINRA) investigation which was launched on November 11, 2016, and focuses on allegations that Heath may have traded in customer accounts on a discretionary basis, and effected or recommended…
Stockbroker Fraud Lawyers | Scott F. Goldman, of Arlington Heights, Illinois, a stockbroker formerly associated with LPL Financial LLC, was fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver…
Brian Harris Brunhaver, of Snohomish, Washington, a stockbroker previously registered with LPL Financial LLC, and Pacific West Securities, Inc., has been subject to a customer initiated investment related arbitration claim from February 24, 2014, in which customers requested $637,100.00 in damages based upon allegations that Brunhaver effected unsuitable investments in real estate investments trusts within…
Ronald F. Paull III, of Olyphant, Pennsylvania, a stockbroker formerly associated with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected trades in customer accounts without authorization. Letter of Acceptance, Waiver and Consent, No. 2015046621101…
Dominic Thomas DeBruin, of Mesa, Arizona, a stockbroker registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that DeBruin failed to cooperate in a FINRA investigation into allegations that DeBruin engaged in unauthorized private securities transactions or…
Michael Babyak Jr., of Mine Hill, New Jersey, a stockbroker formerly registered with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected unauthorized private securities transactions or selling away. Letter of Acceptance, Waiver and Consent, No. 2015048141701 (Nov….
Joseph A. Likens, of Des Peres, Missouri, a stockbroker formerly registered with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) Member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Likens participated in unauthorized private securities transactions or…
Mark Tauzin of Lafayette, Louisiana, a stockbroker formerly associated with LPL Financial LLC, was fined $20,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected unsuitable trades of unit investment trusts in customer accounts. Letter of Acceptance, Waiver and Consent,…
Charles C. Fackrell, of Yadkinville, North Carolina, a stockbroker formerly registered with LPL Financial LLC, has been named in a pending customer initiated investment related arbitration claim on June 10, 2016, in which the customer alleged that Fackrell made unauthorized and excessive trades in the customer’s account, effected transactions in the customer’s account which were…
Nathan A. Majors, of South Holland, Illinois, a stockbroker with J.P. Morgan Securities LLC, was fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in outside business activities which were not permitted by his firm. Letter…
Much to his chagrin, Larry S. Werbel, of Chagrin Falls, Ohio, a former stockbroker for Concorde Investment Services, LLC, whose career was wrecked when he was forever barred by FINRA earlier this year, is now subject to a pending customer dispute from August 3, 2016, in which the customer requested $778,119.36 in damages after alleging…
Michael Scott Lincoln, of San Diego, California, a stockbroker with LPL Financial, was fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to supervise unauthorized outside business activities and unauthorized loans, and falsified statements to his firm. Letter of Acceptance,…
Russel Leo Sadler, of Plymouth, Massachusetts, a stockbroker with LPL Financial, LLC, was fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity for twelve months after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014039725301 (Sept….
Michael J. Barranco, of Montgomery, Alabama, a stockbroker with LPL Financial, LLC, was fined $20,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in the unauthorized participation of private securities transactions. Letter of Acceptance, Waiver and Consent,…
Paul George Liebzeit, of Pittsburgh, Pennsylvania, a stockbroker with LPL Financial, LLC, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014043011201 (Aug 11, 2016). According to…
Prudential Annuities Distributors, Inc., headquartered in Shelton, Connecticut, was censured and fined $950,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm had not identified and prevented misappropriation from a firm customer, and failed to properly implement its supervisory procedures to detect theft by former LPLFinancial broke, Travis A. Wetzel. Letter…
George A. Zedan of Glendale, California, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing allegations that Zedan converted customer funds and failed to cooperate in a FINRA investigation into Zedan’s…
Justin K. Wine, of Cherry Hill, New Jersey, a stockbroker with LPL Financial LLC, was fined $12,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2012033934201(May…
Sharon Fall, of Annapolis, Maryland, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she failed to cooperate in a FINRA investigation into allegations that she engaged in the unauthorized borrowing of funds from firm customers….
Gerarld Fagnant, of Leominster, Massachusetts, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he accepted unauthorized loans from frim customers, and made false statements on his firm’s compliance questionnaires regarding such. Letter of Acceptance, Waiver…
Christopher Charles Burtraw, of Lake Wood, Colorado, a stockbroker with J.P. Turner & Company LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Burtraw engaged in the “unauthorized borrowing” of multiple…
Kevin J. Kuhlow, of Los Gatos, California, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry. 2016048430801 (Mar. 16, 2016). According to the AWC, LPL informed FINRA that it terminated Kuhlow on March 3, 2016, amid allegations of Kuhlow’s conduct of directing LPL’s customers to unapproved investments or selling away. FINRA…
Eric W. Kuchel of Brea, California, a stockbroker with LPL Financial LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Kuchel repeatedly delayed and failured to provide requested testimony in connection with a FINRA investigation into Kuchel’s alleged mutual fund transactions and private securities transactions. Department of…
Daniel Kasbar of Hollywood, Florida, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Kasbar engaged in undisclosed outside business activities. Letter of Acceptance,…
David A. Scholl of Grand Rapids, Michigan, a stockbroker with PlanMember Services Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he participated in private securities transactions in violation of his firm’s policies. Letter of Acceptance,…
Robert Charles Mangold, a Stockbrokerwith LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) registered firm after consenting to findings that he failed to cooperate with FINRA in their investigation into allegations that Mangold borrowed funds from a customer in violation of his firm’s policy. Letter of Acceptance, Waiver,…
Jon L. Cox, a Stockbrokerwith LPL Financial, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Cox had violated his firm’s policies concerning outside business activities. Department of Enforcement v. Jon L. Cox, No. 2014040234701…
Raymond Daniel Schmidt, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) regulated broker-dealer in any capacity after consenting to findings that he engaged in prohibited customer loans, undisclosed outside business activities, made false statements to a FINRA broker-dealer, and failed to cooperate with regulators…
Robert Neil Tricarico, formerly a general securities representative with LPL Financial, LLC, was permanently barred from associating with any FINRA member in any capacity after failing to provide information and documentation requested by FINRA in connection with an investigation into allegations that Tricarico converted customer funds. FINRA Letter of Acceptance, Waiver, and Consent No. 2014043719001…
LPL Financial LLC, a FINRA member since 1973 headquartered in Boston, MA, conducts general securities business via 18,343 registered reps operating out of roughly 10,702 registered branch offices and 18,396 non-registered office locations. The firm was censured and fined $10M after consenting to FINRA’s findings concerning the firm’s failure(s) to adequately supervise ETF, variable annuity,…
Walter Chao of San Mateo, CA, a former general securities principal with LPL Financial, was dealt a 2 year suspension from associating with any FINRA member in any capacity, a $30,000 fine, and lost his FINRA certifications after accepting and consenting to FINRA findings alleging that Chao had sold away from LPL, provided misleading and…
LPL purports to be “America’s No. 1 independent brokerage firm – with more than 17,601 registered representatives, based in 1,800 branch offices nationwide.” From at least August 2007 through sometime in 2012, Walter Chao was the branch manager of a San Mateo office of LPL Financial. According to FINRA According to the Financial Industry Regulatory…
Julius F. Kenney IV, formerly associated with the Calhoun Georgia office of LPL Financial, Inc., was barred last month by the Financial Industry Regulatory Authority for the failure to cooperate with FINRA in connection with the investment of $215,000 by one of his customers in his Mellow Mushroom business. Kenny Was Terminated by LPL Financial…
For more than a decade, from at least February 1998 until June 2012, Dennis Fern Wright, a Lewistown, Pennsylvania stockbroker and insurance salesman associated with AXA Advisors, LLC., and, was entrusted with handling his customers’ retirement funds. However, at least according to the Securities & Exchange Commission, Wright lied to and stole over $1.5 million…
Arthur Lin was the branch manager of an LPL Financial office in Itasca, Illinois. According to the US Securities and Exchange Commission, Arthur Lin, and two others, Marcin Malarz and Jacek Sienkiewicz, both of whom have apparently fled to Poland, raised at least $14,380,000 from investors through the fraudulent unregistered offer and sale of promissory…
Donald Richard Dahn (aka, “Rick” Dahn) was barred from associating with any FINRA member for borrowing money from bank customers to pay the operating expenses of a company Dahn ran with his brother. On October 14th, Donald Dahn submitted a Letter of Acceptance, Waiver and Consent (“AWC”), neither admitting nor denying FINRA’s findings but accepting…
Jinesh Brahmbhatt also known as “Hodge,” was permanently barred by the Financial Industry Regulatory Authority or FINRA in connection with an alleged $18 million fraud perpetrated against a number of high profile National Football League and National Basketball Association players. Brahmbhatt, also conducting business under the name Jade Private Wealth Management, agreed to an a…
Over five years, former broker James Scott McKee defrauded the customers of the brokerage firms where he worked out of nearly $1 million, using lies and omissions to induce them to invest in various real estate ventures in which he had a direct or indirect financial interest, according to a complaint filed by the Financial…
Former LPL Financial Corp. stockbroker Amrita Holden has been permanently barred by the Financial Industry Regulatory Authority (FINRA) for wrongfully converting about $187,000 in customer funds to her own use. While employed by LPL, Holden forged the signature of an elderly customer on distribution request forms for the customer’s Individual Retirement Account (IRA). These forms…
The receiver appointed to handle the fallout from one of the largest Ponzi schemes in Minnesota history has filed suit in federal court in Minneapolis against NRP Financial Inc. for its failure to supervise a registered broker who participated in the fraud that bilked investors out of $150 million. NRP was a registered broker-dealer with…
LPL Financial was sued last week in Phoenix for its role in an affinity fraud case involving members of a local church and an ex-broker who allegedly stole $5 million from at least 40 victims. The lawsuit alleges that the broker, James Buchanan, was able to steal $382,376 from an elderly married couple because LPL…
Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate. The problem is compounded by an industry practice that condones silence from broker-dealers when a registered representative leaves under a cloud, attorneys and regulators said. It’s…
Mutual Service Corp. of West Palm Beach Fla., and five of its principals are the subjects of a complaint by Financial Industry Regulatory Authority concerning allegedly shoddy and inaccurate books and records over sales of variable annuities, including tax-free exchanges, known as 1035 exchanges. MSC, with about 1,200 affiliated registered representatives and 800 branches, was…