Tag Archives: Purshe Kaplan Sterling Investments

SEC Affirms Bar Of Purshe Kaplan Sterling Stockbroker For Native American Fraud

December 07, 2020  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Native American Theft   |   Comments Off on SEC Affirms Bar Of Purshe Kaplan Sterling Stockbroker For Native American Fraud

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 […]

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Purshe Kaplan Stockbroker Caught Selling Away

October 08, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on Purshe Kaplan Stockbroker Caught Selling Away

Xerxes Soli Mullan of New York New York a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Mullan took part in unapproved private securities transactions when he was registered […]

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Investors Bring FINRA Arbitration Claims Against Purshe Kaplan

September 30, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against Purshe Kaplan

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 […]

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Investors Sue First Allied Securities For Negligence

June 08, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud, Stockbroker Negligence   |   Comments Off on Investors Sue First Allied Securities For Negligence

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 […]

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Investors Accuse Voya Financial Of Fraud

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 […]

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Regulator Bars Thomson Financial Stockbroker Unsuitable Options Trading

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 […]

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Investors Sue UBS For Defective Options Strategy

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 […]

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Purshe Kaplan Terminates Stockbroker During Investigation

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 […]

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Purshe Kaplan Sterling Broker Barred By SEC For Fraud

February 20, 2019  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

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 […]

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Kestra Accused By Customer Of Inappropriate REIT Sales

July 31, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

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 […]

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Purshe Kaplan Sued By Customer For Fraud

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 […]

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Morgan Stanley Sued By Customer Unsuitable Recommendations

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 […]

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Purshe Kaplan Sterling Sued By Customer For Fraud

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 […]

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FINRA Bars Purshe Kaplan Stockbroker For Fraud

November 07, 2017  |   Posted by :   |   Native American Theft   |   0 Comments

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 […]

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Customer Sues Purshe Kaplan For Suitability

October 16, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Purshe Kaplan Sterling Sued For Suitability

August 17, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Morgan Stanley Smith Barney Complaint Alleging Unsuitability

June 08, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

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 […]

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Former MML Investors Services Stockbroker Charged With Misrepresentation

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, […]

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