Tag Archives: Park Avenue Securities LLC

Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Park Avenue Securities

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 […]

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Park Avenue Accused Of Unauthorized Transactions

January 10, 2020  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

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 […]

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Park Avenue Sanctioned By FINRA For Excessive Fees

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 […]

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Park Avenue Broker Sued By Investor For Fraud

Matthew Gaglio of New York New York a stockbroker formerly employed by Park Avenue Securities LLC is referenced in a customer initiated investment related written civil action brought in the United States District Court for the Southern District of New York which was resolved for $47,853.00 in damages founded on allegations that (1) fraudulent misrepresentations […]

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Park Avenue Securities Accused Of Failure To Execute

October 22, 2018  |   Posted by :   |   Failure to Execute, Investment and Regulatory News   |   0 Comments

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 […]

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Park Avenue Securities Sued For Suitability

January 09, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Park Avenue Securities Sued For Sale of Unregistered Securities

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 […]

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Park Avenue Securities Broker Suspended For Mishandling Funds

August 31, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Park Avenue Securities Stockbroker Barred In Investigation

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. […]

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Five Major Brokerage Fined for Failure to Supervise Mutual Fund Fraud

November 15, 2015  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

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 […]

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