Richard John Webb, of Beachwood, Ohio, a stockbroker previously registered with Park Avenue Securities LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Webb failed to respond to FINRA requests for information. Case No. 2022076653101 (September 8, 2023). On August 15, 2023, FINRA issued a Notice…
Park Avenue Securities, a securities broker dealer headquartered in New York, New York, has been censured and fined $30,000.00 because it failed to supervise a representative who engaged in outside business activities and private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2020066651002 (May 31, 2023). According to the AWC, between December of 2014…
Matthew Gary Barks (also known as Matt Barks), of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barks failed to testify during the time that FINRA investigated the stockbroker for possible forgery. Acceptance, Waiver,…
Shahab Seyedshahab Tagnavidinani (also known as Shahab Dinani, Sean S. TagnaviDinani, and as Sean Tag), of Irvine, California, a stockbroker registered with Park Avenue Securities LLC, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because TagnaviDinani engaged in unauthorized trading. Letter…
Matthew Gary Barks (also known as Matt Barks) of New York, New York, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to testify in a FINRA investigation relating to the basis behind his termination from Park…
Robert A. Lax of Paramus, New Jersey, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lax failed to provide information and documents to FINRA in connection with the investigation of Lax’s outside business activities. FINRA Enforcement (AWC) No….
Nicholas Richard Palumbo (also known as Nick Palumbo) of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his alleged selling away activities. Letter of Acceptance Waiver…
Bradley Stephen Kavanagh of Baton Rouge, Louisiana, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kavanagh refused to cooperate with a FINRA investigation into accusations of his unauthorized solicitation of equity transactions. Letter of Acceptance, Waiver, and Consent…
David Michael Stevens of La Jolla, California, a stockbroker formerly registered with Park Avenue Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of unauthorized transactions and forgery when Stevens was registered with Park Avenue Securities. Letter of Acceptance, Waiver, and Consent No. 2020068606301…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Nicholas Richard Palumbo of Armonk New York a stockbroker formerly registered with Park Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he did not provide any documents or information to FINRA when it investigated him for potentially selling away from…
Robert Charles Wynn of Glendale California a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on allegations that common and preferred stock transactions conflicted with the customer’s objectives for investing and caused losses to be sustained in…
Robert Charles Wynn of Glendale California a stockbroker formerly employed by Park Avenue Securities LLC is referenced in a customer initiated investment related complaint where the customer requested unspecified damages founded on accusations that (1) the customer was placed into an unsuitable fixed indexed annuity during the time that he was associated with Park Avenue…
Park Avenue Securities LLC a securities broker dealer headquartered in New York New York has been censured by Financial Industry Regulatory Authority (FINRA) supported by findings that (1) customers were excessively charged by the firm on mutual fund transactions and (2) the firm failed to adequately supervise its sales charges waivers to ensure that they…
Mark Anthony Badami of Woodbury New York a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related written complaint that was resolved on July 29, 2016 for $25,000.00 in damages supported by allegations that Badami failed to execute the customer’s instructions of liquidating a managed account and transferring…
Park Avenue Securities is a brokerage firm headquartered in New York New York which has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise its annuities operations to ensure that registered representatives made recommendations of annuities in compliance with securities laws…
Robert C. Wynn of Glendale, California, a stockbroker registered with Park Avenue Securities LLC, is the subject of a customer initiated investment related arbitration claim, which settled for $75,000.00 in damages supported by accusations that stock trades were executed in the customer’s securities account that were neither suitable nor authorized by the customer. Financial Industry…
Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker formerly registered with Park Avenue Securities LLC who is barred from the securities industry, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $175,000.00 in damages based upon allegations that Ty effected unauthorized transactions by selling the customer a promissory…
Todd Alan Shanholtzer, of Las Vegas, Nevada, a stockbroker formerly registered with Park Avenue Securities, LLC, 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 consenting to findings that he sold away from his firm, misused customer funds, and entered…
Jill M. Cody, of Spring Lake, New Jersey, a stockbroker formerly registered with Westminster Financial Securities, Inc., has been named in a customer initiated investment related written complaint on January 18, 2017, based upon allegations that Cody misappropriated the customer’s funds. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Cody has been identified in…
Christopher Lawrence Wacker, of Brookfield, Wisconsin, a stockbroker with Park Avenue Securities was fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he had made misrepresentations concerning trading authority in customer accounts. Letter of Acceptance, Waiver and Consent, No….
Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker with Park Avenue Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she obstructed a FINRA investigation into allegations of her involvement in unregistered securities sales. Letter of Acceptance, Waiver and Consent, No….
Ameritas Investment Corp., Cetera Advisors LLC, Comerica Securities, Inc., Fifth Third Securities, Inc., First Allied Securities, Inc., Park Avenue Securities, LLC, Securities America, Inc., Huntington Investment Company, Cetera Advisor Networks LLC, Commonwealth Financial Network, MetLife, and Infinex Investment, Inc., were all recently censured and fined by Financial Industry Regulatory Authority (FINRA) for failing to apply…