Andrea Ruth Klipfel (also known as Andrea Ruth Camirand), of Paso Robles, California, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $373,888.00 in damages based upon allegations that Klipfel engaged in “unsuitable trading”…
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…
Cynthia S. Beyerlein of Lancaster, Pennsylvania, a stockbroker registered with Ameriprise Financial Services LLC, has been fined and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Beyerlein, in 2021, while registered through an association with Ameriprise, Beyerlein borrowed approximately $190,000 from a firm customer without…
David Bruce McMillen of Boulder, Colorado, a stockbroker registered with Crown Capital Securities LP, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that McMillen breached his fiduciary duties, made unsuitable investment recommendations, and was negligent…
Dean Steven Jaeger of Elmwood Park, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related complaint filed on May 20, 2022, in which the customer requested $19,874.00 in damages based upon allegations that Jaeger engaged in “unsuitable trading” in stocks during the time that Jaeger…
Dharmesh Virendra Vora an investment advisor representative of Vora Wealth Management PLLC, is the subject of a customer initiated investment related complaint filed on March 20, 2024, in which the customer requested $350,000.00 in damages based upon allegations that Vora provided unsuitable recommendations in structured notes to the Vora Wealth Management PLLC customer. SEC Public…
Hagin Gifford Richeson of Clearwater, Florida, a stockbroker registered with Corinthian Partners LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $9,000,000.00 in damages based upon allegations that Richeson failed to perform adequate due diligence in connection with the sale of preferred…
James Franklin Shenk of Glen Rock, Pennsylvania, a stockbroker registered with Realta Equities Inc., formerly known as Coastal Equities, Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $215,000.00 in damages based upon allegations that Shenk made the unsuitable investment recommendation of…
James Robert Reynolds of Minneapolis, Minnesota, a stockbroker registered with Northland Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Reynolds made the unsuitable investment recommendation of non-traded Real Estate Investment Trust (“REITs”) or…
John Douglas Engler Sr. of Martinez, Georgia, a stockbroker registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Engler failed to testify in a FINRA investigation into allegations of misappropriation during the time that he was associated with Ameriprise Financial Services…
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…
Juan Carlos Sosa of Studio City, California, a stockbroker registered with SagePoint Financial Inc. (now known as Osaic Services Inc.), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sosa engaged in the unauthorized transfer and use of customer funds during the time that he was associated with…
Juan Carlos Villalobos, of Marietta, Georgia, a stockbroker registered with Money Concepts Capital Corp, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon alleged breach of contract, unsuitable investment advice, breach of fiduciary duty, violation of the…
Kyle Benjamin Baker, of Wheaton, Illinois, a stockbroker registered with First Trust Portfolios LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Baker failed to cooperate in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2020066123601 (April 8, 2024). According to the AWC, on…
Lamont Adrian Chandler, of Prairie Village, Kansas, a stockbroker registered with Madison Avenue Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Chandler made the unsuitable investment recommendations of direct investments when Chandler was…
Larry Christos Sfinas, of Southampton, Pennsylvania, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint that was settled on July 22, 2022, to resolve allegations that Sfinas made unsuitable investment recommendations in stocks during the time that Sfinas was associated with Securities America Inc. This is not…
Lawrence Michael Margolin (also known as Lawrence Maroglin), of Boca Raton, Florida, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $14,900.00 in damages based upon alleged gross negligence, fraud, breach of fiduciary duty, unsuitable…
Leslie Howard Kern (also known as Les Kern), of Wilmington, North Carolina, a stockbroker registered with DH Hill Securities LLLP, 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 Kern made unsuitable recommendations in asset-backed…
Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made…
Michael Scott Barrows, of Irvine, California, a stockbroker registered with Accelerated Capital Group, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $1,035,360.46 in compensatory damages because Barrows was held liable on the customer’s claims which included violation of federal securities…
Robert Frederick Blake, of Greenwood Village, Colorado, a stockbroker previously registered with Cambridge Investment Research Inc., 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. The claim is based on allegations that Blake recommended an unsuitable real estate security…
Robert Spaulding Gleason Jr., of Boston, Massachusetts, a stockbroker registered with Cantella Co. Inc., 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 Gleason engaged in excessive trading during the time that he was associated with Cantella Co. Inc. Letter of…
Robert Steven Meyer, of Point Pleasant Beach, New Jersey, a stockbroker registered with Monmouth Capital Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Meyer refused to appear for testimony in a FINRA investigation. Letter of Acceptance, Waiver, and Consent No. 2022076459306 (April 9, 2024)….
Toria Noelle Briggs (also known as Toria Scotto), of Washington, D.C., a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that settled for $160,000.00 in damages. The claim alleged that Briggs failed to disclose liquidity limitations and certain selling-related…
Valence Montgomery Williams, of New York, New York, a stockbroker registered with J.H. Darbie Co. Inc., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Williams engaged in unauthorized trading and mismarking of trade records. Letter of Acceptance, Waiver, and Consent…