Tag Archives: Royal Alliance Associates Inc.

Investors File FINRA Securities Arbitration Claim Against Royal Alliance Associates

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Private Placement Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Royal Alliance Associates

Frank Mastrosimone of Basking Ridge New Jersey a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages supported by accusations that they had been placed into an unsuitable private investment fund by Mastrosimone while he was […]

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Royal Alliance Stockbroker Barred In Theft Investigation

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Royal Alliance Stockbroker Barred In Theft Investigation

John Henry Swon IV of Bloomington Minnesota a stockbroker formerly registered with Royal Alliance Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he chose not to provide documents and information to FINRA when it investigated him for possibly misappropriating a customer’s […]

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Following SEC Action Investors Accuse Royal Alliance Of Investment Fraud

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Securities Fraud   |   Comments Off on Following SEC Action Investors Accuse Royal Alliance Of Investment Fraud

Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related complaint which was resolved for $232,761.77 in damages on October 17, 2019 based upon accusations that the customer had been defrauded by the stockbroker during the time that she was associated […]

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Royal Alliance Sued By Investors For Unsuitable Trading

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Royal Alliance Sued By Investors For Unsuitable Trading

Gary David Ginsberg of West Orange New Jersey a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages founded on allegations that the customer was sold an unsuitable real estate security during the period that […]

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Investors Sue Royal Alliance For Breach Of Fiduciary Duty

July 29, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Private Placement Fraud, Securities Arbitration Claims   |   Comments Off on Investors Sue Royal Alliance For Breach Of Fiduciary Duty

Matthew William Crafa of Garden City New York a stockbroker currently associated with Royal Alliance Associates Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that a fiduciary duty that was owed to the customer had been breached and […]

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Investors Sue Royal Alliance For Selling Away Bad Dope Stocks

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Sue Royal Alliance For Selling Away Bad Dope Stocks

Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on February 19, 2020 where the customer sought $350,000.00 in damages based upon accusations that the customer was placed into an unapproved investment by Farrow during the time that […]

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Investors Accuse Royal Alliance Of Unsuitable Investment Strategy

June 03, 2020  |   Posted by :   |   Inverse/Leveraged ETF Funds, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Royal Alliance Of Unsuitable Investment Strategy

Harold Alan Schwartz (also known as Hal Schwartz) of Lutz Florida a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on January 27, 2020 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that the customer was placed into a unsuitable investment […]

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Investors Sue Royal Alliance For Bad Real Estate Security

May 13, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Royal Alliance For Bad Real Estate Security

Gary David Ginsberg of West Orange New Jersey a stockbroker registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which has been settled for $12,500.00 in damages based upon allegations that real estate security transactions effected by the stockbroker at Royal Alliance Associates were not suitable given […]

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Royal Alliance Stockbroker Barred From Massachusetts For Annuity Misconduct

February 25, 2020  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Steven Farr Davis (also known as Steve Davis) of Wakefield Massachusetts a stockbroker registered with Royal Alliance Associates Inc. has been ordered to (1) cease and desist from violating securities laws or regulations (2) pay a $20,000.00 fine (3) disgorge ill-gotten gains and (4) refrain from seeking registration as a stockbroker or investment adviser representative […]

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Royal Alliance Sanctioned For Failure To Supervise In Stockbroker Theft Case

Royal Alliance Associates a securities broker dealer headquartered in Jersey City New Jersey has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the securities broker dealer neglected to supervise its business practices to protect against theft of customer assets. Letter of Acceptance Waiver and Consent No. […]

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IFG Sued By Investors Over Alternative Investments

Angelo Talebi of Sherman Oaks California a stockbroker formerly employed by Independent Financial Group LLC and Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by accusations that (1) false or misleading statements had been made by […]

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Royal Alliance Stockbroker Terminated For Unauthorized Transactions

November 01, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Harold Alan Schwartz of Lutz Florida a stockbroker formerly employed by Royal Alliance Associates Inc. has been terminated from the securities broker dealer on February 1, 2019 based upon allegations that Schwartz violated its procedures or policies through his unauthorized transactions pertaining to a customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms […]

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Royal Alliance Stockbroker Barred For Failure To Pay $2.1 Million Arbitration Award

August 28, 2019  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes   |   0 Comments

Gary John Basralian of Maplewood New Jersey a stockbroker formerly employed by Royal Alliance Associates Inc. has been suspended on April 23, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Basralian failed to comply with a FINRA Arbitration Award in which he was ordered to […]

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Investors Sue Royal Alliance For Role In Ponzi Scheme

Frank John Capuano of Holyoake Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that the customer had been placed into unauthorized investments which were part of a Ponzi Scheme. Financial Industry Regulatory […]

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Royal Alliance Sued By Investors For Stockbroker’s Sale Of Unregistered Securities

Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly employed by Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages supported by allegations that the customer was sold unregistered securities during the time Farrow was associated with Royal Alliance Associates […]

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Royal Alliance Broker Fired For Appointing Himself Beneficiary

Erven Joseph Frericks Jr. of Chesterfield Missouri a stockbroker formerly employed by Royal Alliance Associates Inc. has been discharged by the firm on May 11, 2018 supported by allegations that Frericks urged a customer to designate him as the beneficiary of half of the assets held in the customer’s annuity account. Financial Industry Regulatory Authority […]

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Royal Alliance Supervisors Suspended For Failure To Supervise

December 21, 2018  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

James Edward Armstrong Sr. and his son James Edward Armstrong Jr. both of Wake Forest North Carolina and stockbrokers formerly registered with Royal Alliance Associates Inc. were fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that they failed to adequately supervise a […]

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Ameriprise Stockbroker Fired For Ignoring Suspension

August 17, 2018  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Barbara Jean Hedblom of Edina Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. has been terminated on June 27, 2018 based upon allegations that Hedblom resigned during the time that she had been suspended for not complying with the firm’s imposition of a disciplinary action. Hedblom was apparently placed on heightened supervision but […]

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Royal Alliance Fined By FINRA For Failure To Supervise

Royal Alliance Associates Inc. a brokerage firm headquartered in New York New York has been censured and fined $350,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it (1) failed to supervise and train its registered representatives regarding their multi-share class variable annuity sales and (2) ineffectively supervised the […]

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Customer Sues Royal Alliance For Breach Of Contract

Jonathan D. Bao of Tarzana California a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of customer initiated investment related arbitration claim which settled for $700,000.00 in damages supported by accusations of (1) breach of contract (2) breach of fiduciary duty and (3) negligence relating to the customer’s investments in exchange traded […]

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FINRA Bars Royal Alliance Stockbroker For Obstruction

Gary John Basralian of Maplewood New Jersey is a stockbroker formerly registered with Royal Alliance Associates, Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Basralian having committed securities fraud. […]

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Royal Alliance Associates Sued For Suitability

October 16, 2017  |   Posted by :   |   Unsuitable Investment Recommendations   |   0 Comments

Bill Alfons Holubec, of San Angelo, Texas, a stockbroker formerly registered with Royal Alliance Associates, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $500,000.00 in damages supported by allegations that Holubec effected unsuitable transactions in the customer’s account and made misrepresentations to the customer concerning non-traditional […]

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Royal Alliance Stockbroker Suspended For Suitability

Mark S. Perry, of Mt. Pleasant, South Carolina, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. […]

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Customer Brings Arbitration Against Royal Alliance

Kathleen Jeanette Tarr, of Lafayette, California, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related arbitration claim, which settled on February 27, 2017, for $550,000.00 in damages based upon allegations that Tarr made unsuitable investment recommendations to the customer regarding real estate securities. Financial Industry Regulatory […]

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Independent Financial Group In Arbitration For Misrepresentation

Shimshon Plotkin, of Chevy Chase, Maryland, a stockbroker currently registered with Independent Financial Group, LLC, has been named in a customer initiated investment related arbitration claim on June 20, 2016, in which the customer requested $1,000,000.00 in damages based upon allegations that Plotkin effected unsuitable transactions in the customer’s account, breached his fiduciary and contractual […]

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Royal Alliance Associates Sued for Unsuitable Recommendations

Phillip Leung Wong, of Wayland, Massachusetts, a stockbroker currently registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related written complaint on January 26, 2017, based upon allegations that Wong made unsuitable investment recommendations to the customer concerning exchange traded fund and stock transactions, which caused the customer to sustain […]

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Royal Alliance Associates Sued For Unsuitable Recommendations

Bill Alfons Holubec, of Des Moines, Iowa, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related arbitration claim on January 9, 2017, in which the customer requested $500,000.00 in damages based upon allegations that Holubec effected unsuitable transactions in the customer’s account and made misrepresentations to […]

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Cetera Advisors’ Tagge Tagged In FINRA Securities Arbitration

January 26, 2017  |   Posted by :   |   Investment and Regulatory News, Promissory Notes   |   0 Comments

Gerald Tagge, of Omaha, Nebraska, a stockbroker currently registered with Cetera Advisors LLC, has been named or tagged in a customer initiated investment related written complaint on September 30, 2015, in which the customer requested $125,000.00 in damages based upon allegations that Tagge solicited and ultimately accepted promissory notes from the customer outside the auspices […]

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Royal Alliance Named In Customer Arbitration Alleging Misrepresentation

Roger Deal, of Columbus, Nebraska, a stockbroker formerly associated with Royal Alliance Associates, Inc., has been subject to a customer initiated investment related arbitration claim, in which multiple customers have collectively requested $3,200,000.00 in damages based upon allegations that Deal effected unsuitable investment recommendations, made misrepresentations, as well as failed to conduct due diligence in […]

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Rocky River Royal Alliance Broker Sells Away Smokey Marijuana Investments

June 30, 2016  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Darrin B. Farrow, of Rocky River, Ohio, a registered representative with Royal Alliance Associates, Inc., was fined $25,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in several unauthorized private securities transactions. Letter of Acceptance, Waiver and […]

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