Jeffrey Wayne Davidson of Austin, Texas, a stockbroker registered with Equitable Advisors LLC, has been fined $15,000.00 and suspended for 21 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Davidson engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2022073948401 (February 16,…
Milind Pinak Dalal of San Jose, California, a stockbroker associated with Purshe Kaplan Sterling Investments, was the subject of a customer initiated investment related civil action in which the customer requested $500,000.00 in damages based upon allegations that Dalal provided “bad advice” concerning an “investment club,” Casa Blanca Investments, which appears to be a novel…
Lilia Nia (also known as Lilia Niyazova), of Fairfield, New Jersey, a stockbroker registered with Purshe Kaplan Sterling Investments Inc. (PKS), has been fined $5,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Nia engaged in unauthorized trading. Letter of Acceptance, Waiver, and Consent…
Lee Bryan Taylor of Skippack Pennsylvania a stockbroker formerly registered with Purshe Kaplan Sterling Investments (PKS) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor failed to cooperate with FINRA’s investigation concerning his possible private securities transactions while associated with Purshe Kaplan Sterling…
David Nathan Hale of San Francisco California a stockbroker currently registered with Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related written complaint which was settled on April 23, 2019 for $12,113.11 in damages founded on allegations that the customer’s investment account had been subject of “reverse churning” by Hale as it…
Tonya Nicole Smoake of Franklin Lakes New Jersey a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she engaged in private securities transactions during the period that she was…
Gopi Krishna Vungarala (also known as Gopi Krishan Vungarala) of Midland Michigan a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been isnamed in arbitration claim an Opinion by Securities Exchange Commission (SEC) who affirmed a decision by Financial Industry Regulatory Authority (FINRA) to bar Vungarala from associating with any FINRA member in any…
Curtis Winston Neuman of Ocala Florida a stockbroker formerly registered with Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related written complaint on February 28, 2019 where the customer requested unspecified damages supported by accusations that the customer had been provided with unsuitable investment advice in regards to the purchase of a…
Andrew Raymond Scheirer II (also known as Andy Haas) of Lake Mary Florida a stockbroker formerly registered with First Allied Securities Inc. and Kovack Securities Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $49,000.00 in damages based upon allegations that a fiduciary duty that was owed to…
Jason R. Watson of Philadelphia Pennsylvania a stockbroker formerly associated with Voya Financial has been identified in a customer initiated investment related complaint on June 13, 2019 where the customer sought unspecified damages founded on accusations that the customer was defrauded and exposed to phony sales practices relating to the customer’s purchase of a universal…
Brendan Patrick Shaw of Scottsdale Arizona a stockbroker associated with Purshe Kaplan Sterling Investments and Thomson Financial Advisors LLC has been (1) barred from working as a stockbroker or investment adviser representative (2) ordered to cease and desist from violating securities laws or regulations and (3) fined $20,000.00 based upon allegations that highly risky and…
Mark Laing Lichtenfeld of Florham Park New Jersey a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $850,000.00 in damages founded on allegations that (1) the customer had been provided bad advice from Lichtenfeld concerning an options overlay strategy and…
Brian John Bogart of McClean Virginia a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been terminated from the securities broker dealer on February 4, 2019 during the time that he was under investigation by both Financial Industry Regulatory Authority (FINRA) and Purshe Kaplan Sterling Investments for possibly selling away from the securities broker…
Larry Michael Phillips of Woodland Hills California a stockbroker formerly employed by Purshe Kaplan Sterling Investments and former owner of TPG Advisors (The Phillips Group Advisors) has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment advisor as well as any brokerage firm and investment advisory according to a…
Paul Robert Volpe of Westport Connecticut a stockbroker formerly registered with Kestra Investment Services LLC is the subject of a customer initiated investment related written complaint on June 27, 2016 in which the customer requested $27,332.00 in damages based upon allegations of sales practice violations pertaining to a real estate investment trust sold to the…
Jason R. Watson of Philadelphia Pennsylvania a registered representative of Purshe Kaplan Sterling Investments is referenced in a customer initiated investment related arbitration claim that was resolved for $20,000.00 in damages supported by allegations that (1) fiduciary obligations to the customer had been breached and (2) the terms and conditions of a fixed indexed annuity…
Brian John Bogart of McLean Virginia is a stockbroker formerly registered with Morgan Stanley who is the subject of a customer initiated investment related arbitration claim where the customer requested $25,711.11 in damages supported by accusations that unsuitable transactions were placed in the customer’s in-house money manager account between 2015 and 2016. Financial Industry Regulatory…
Brendan Patrick Shaw of Scottsdale Arizona is a stockbroker formerly registered with Purshe Kaplan Sterling Investments and investment advisor representative with Thomson Financial Advisors LLC who is the subject of a customer initiated investment related arbitration claim in which the customer requested seven million five hundred thousand dollars in damages based upon accusations that the…
Gopi Krishna Vungarala, of Midland, Michigan, a stockbroker formerly registered with Purshe Kaplan Sterling Investments, and investment adviser formerly associated with Shutterfield Financial Group, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity and ordered to disgorge commissions totaling $9,682,629.00 according to an Extended Hearing Panel Decision containing…
Jason Scott Tinklenberg, of Sioux Falls, South Dakota, a registered representative currently associated with Purshe Kaplan Sterling Investments, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $256,527.00 in damages founded on allegations that fixed annuities and whole life insurance contracts were inappropriately sold to the customer. Case…
James Michael Casey, of Palm Desert, California, a stockbroker formerly registered with Purshe Kaplan Sterling Investments, is the subject of a customer initiated investment related arbitration claim on May 18, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Casey made misrepresentations to the customer by claiming that there was no…
James Edward Bogart, of McLean, Virginia, has been named in a customer initiated investment related written complaint on November 30, 2016, in which the customer requested $25,711.11 in damages based upon allegations that Bogart, between 2015 and 2016, effected transactions in the customer’s managed account that failed to be suitable for the customer. Bogart’s registration…
Purshe Kaplin Sterling Investments headquartered in Albany, New York, was censured and fined $750,000.00 by Financial Industry Regulatory Authority (FINRA) Department of Enforcement, and ordered to pay $3,373,303.68 in restitution according to an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that the firm failed to supervise a registered representative’s dual relationship with…
Stanley C. Niekras, of Liverpoll, New York, a stockbroker formerly associated with MML Investors Services, LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Niekras made misrepresentations to elderly customers pertaining to investments. Department of Enforcement v. Niekras, No. 2013037401001 (Nov. 7, 2016). According to the Complaint,…
Purshe Kaplin Sterling Investments , based in Albany, New York, and its stockbroker Gopi Krishna Vungarala, of Midland, Michigan, were charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging misrepresentation and omission of a material fact in connection with the sale of securities ; failure to disclose volume discounts ;…