Tag Archives: National Planning Corporation

FINRA Sanctions National Planning Stockbroker In Future Income Payments Scam

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions National Planning Stockbroker In Future Income Payments Scam

Lonna Rae Dehn Ristvedt (also known as Lonna R. Dehn and as Lonna Rae Spitzer) of Fargo North Dakota a stockbroker formerly registered with National Planning Corporation has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Ristvedt engaged […]

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National Planning Corp Sued For Breach Of Fiduciary Duty

June 03, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Variable Annuites   |   Comments Off on National Planning Corp Sued For Breach Of Fiduciary Duty

Pasquale Vitucci (also known as Pat Vitucci) of Walnut Creek California a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $1,350,000.00 in damages based upon accusations that a fiduciary duty was breached by Vitucci in regard to a variable annuity transaction. […]

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FINRA Bars Securities Service Network Stockbroker In Theft Scheme

Louis Cook (also known as Lou Cook) of Knoxville Tennessee a stockbroker formerly registered with National Planning Corporation and Securities Service Network LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that customer funds were improperly used by Cook and that misrepresentations were made […]

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FINRA Bars National Securities Stockbroker For Failure To Pay Arbitration Award

Todd Joseph Henrich of Iselin New Jersey a stockbroker formerly registered with National Securities Corporation has been suspended by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon accusations that the stockbroker failed to comply with a customer initiated investment related arbitration award or settlement agreement or otherwise […]

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Investors Accuse National Planning Of Bad Alternative Investment Recommendations

Steven Joseph Case (also known as Steve Case) of National Planning Corporation a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related written complaint on May 24, 2019 in which the customer sought damages estimated to exceed $5,000.00 supported by accusations that the National Planning Corporation customer had […]

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FINRA Sanctions Nationwide Stockbroker For Unauthorized Trading

December 06, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Carmelo Arce Alvarez of Hato Hey Puerto Rico a stockbroker currently registered with Nationwide Planning Associates Inc. has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Alvarez engaged in unauthorized trades in the accounts of Nationwide […]

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National Planning Sued For Broker Selling Away Dope Stocks

Timothy John Beall of Eau Claire Michigan a stockbroker registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested $700,000.00 in damages founded on allegations that (1) Beall executed the customer’s purchase of GrowCo Inc. away from National Planning Corporation without the securities broker dealer’s […]

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Investors Sue National Planning Corp For Negligence

Timothy David Ballard (also known as Tim Ballard) of Danville California a stockbroker employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought more than $100,000.00 in damages supported by allegations that (1) the customer’s account was handled in a negligent manner (2) fiduciary obligations were […]

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National Planning Corporation Accused Of Negligence

Patricia Ann Lloyd of Phoenix Arizona a former National Planning Corporation stockbroker and investment adviser representative is referenced in a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages supported by accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account was transacted upon in a […]

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National Planning Sued For Breach Of Fiduciary Duty

John Edward Moriarty of Crystal City Missouri a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $9,999.00 in damages supported by accusations that (1) fiduciary duties owed to the customer had been breached (2) transactions were placed in the customer’s account that […]

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National Planning Corporation Accused Of Negligence

Christopher James Lubbers of Parsons Kansas a stockbroker formerly registered with National Planning Corporation is referenced in a customer initiated investment related written complaint on May 20, 2015 where the customer requested $70,000.00 in damages based upon allegations that (1) the customer was provided bad advice by Lubbers with regard to the customer’s insurance contract […]

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Investors Accuse National Planning of Bad Investment Advice

Gary Jesse Deardorff of Peoria Arizona a stockbroker formerly employed by National Planning Corporation is the subject of a customer initiated investment related written complaint on February 28, 2017 in which the customer sought damages estimated to exceed $5,000.00 in damages founded on allegations that Deardorff executed unsuitable mutual fund and equity transactions in the […]

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National Planning Corp Accused Of Unauthorized Trading

September 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Paul Luis Soriano of Honolulu Hawaii a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related written complaint which settled for $25,000.00 in damages on September 11, 2015 supported by allegations that Soriano improperly liquidated equities from the customer’s account in the course of transferring an account causing […]

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National Planning Accused By Investor Of Misrepresentation

Jack Michael Hartnell of Mount Lebanon Pennsylvania a stockbroker formerly registered with National Planning Corporation is the subject of a customer initiated investment related written complaint on October 31, 2017 where the customer requested $26,204.00 in damages supported by allegations of suitability and misrepresentation concerning the customer’s investment in a variable annuity. Financial Industry Regulatory […]

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Investors Accuse National Planning Of Excessive Trading

Karl Thomas Crytser of Trenton New Jersey a stockbroker formerly registered with National Planning Corporation is referenced in a customer initiated investment related written complaint on August 25, 2015 in which the customer requested $27,000.00 in damages based upon allegations that (1) unsuitable mutual fund trades were effected in the customer’s account (2) transactions were […]

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Investor Sues National Planning For Misrepresentation

Gary Stephen Radler of West Hartford Connecticut a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related civil action which was resolved for $272,000.00 in damages supported by accusations that misrepresentations had been made to the customers concerning the collateralization and other terms and conditions of life insurance policies […]

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National Planning Corp Sued For Breach Of Fiduciary Duty

Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $94,352.90 in damages founded on accusations including (1) breach of fiduciary (2) negligence (3) suitability (4) violation of Texas Securities Act and (5) violation of FINRA rules […]

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National Planning Corp Broker Fined For Selling Away

Timothy John Beall of Eau Claire Michigan is a stockbroker formerly registered with National Planning Corporation who has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions and unapproved outside business […]

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NPC Stockbroker Suspended For Outside Business Activities

October 03, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Sharon Melinda Kwan, of Arcadia, California, a stockbroker formerly registered with National Planning Corporation, has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she engaged in outside business activities and established unapproved customer bank accounts. Letter […]

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Regulator Bars National Planning Corporation Stockbroker

September 15, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

William August Glaser, of St. Albans, Missouri, a stockbroker formerly registered with National Planning Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Glaser obstructed an investigation into allegations of him selling away from National Planning Corporation. Letter of Acceptance, Waiver […]

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National Planning Broker Suspended For Hiding Complaints

May 25, 2017  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Richard Anthony McCollam, of Lafayette, California, a stockbroker formerly registered with National Planning Corporation, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to a FINRA Office of Hearing Officers’ Hearing Panel Decision containing findings that he failed to disclose customer complaints as required […]

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Concorde Investment Services Stockbroker Under Investigation

Robert Russel Tweed, of San Marino, California, a stockbroker formerly registered with Concorde Investment Services, LLC, has been named in an investigation by Financial Industry Regulatory Authority (FINRA) pursuant to the receipt of a Wells Notice regarding Tweed’s conduct. FINRA Public Disclosure reveals that Tweed has been identified in twelve customer initiated investment related disputes […]

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Brokerage Firms Censured For Overcharging Customers

March 07, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Financial Industry Regulatory Authority (FINRA) member broker dealers, including Invest Financial Corporation, SII Investments, Investment Centers of America, and National Planning Corporation, have all been censured and fined by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firms overcharged charitable organization and retirement account customers in mutual funds transactions, and did […]

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Investors Capital Corp Named In FINRA Securities Arbitration

Kenneth John Saunders, of Coral Springs, Florida, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration action on March 11, 2016, in which the customer requested $150,000.00 in damages based upon allegations that Saunders made misrepresentations to the customer concerning investments, and effected unsuitable investments in […]

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National Planning Corporation Named In Customer Unsuitability Claim

November 30, 2016  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   0 Comments

Gary D. Moore, of Sarasota, Florida, a stockbroker currently registered with National Planning Corporation, has been subject to a customer initiated investment related arbitration claim on May 18, 2016, in which the customer alleged that Moore effected unsuitable real estate investment trust transactions in the customer’s account. FINRA Public Disclosure reveals that Moore has been […]

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National Planning Corp Broker Charged

Richard A. McCollam of Layfayette, California, a stockbroker with National Planning Corporation, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging McCollam willfully failed to disclose two customer arbitrations and seven customer complaints on his Uniform Application for Securities Industry Regulation filed on January 22, 2014, referred to as […]

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