Tag Archives: Salomon Whitney Financial

SW Stockbroker Investigated For Excessive Trading

January 03, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on SW Stockbroker Investigated For Excessive Trading

Peter N. Girgis of New York New York a stockbroker currently registered with SW Financial is referenced in a Financial Industry Regulatory Authority (FINRA) investigation on September 15, 2020 where Girgis may face disciplinary action from FINRA Department of Enforcement based on accusations of unsuitability and excessive trading by the stockbroker. According to FINRA Public […]

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FINRA Bars Another SW Financial Stockbroker

November 04, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Customer Loans, Securities Arbitration Claims   |   Comments Off on FINRA Bars Another SW Financial Stockbroker

Christopher Anthony Fernan of Melville New York a stockbroker formerly registered with Salomon Whitney Financial (SW Financial) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he neglected to testify for FINRA during the period that he was under investigation for a customer complaint. […]

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FINRA Charges SW Financial Stockbroker With Churning

April 23, 2020  |   Posted by :   |   Boilerroom Sales, Excessive Trading   |   Comments Off on FINRA Charges SW Financial Stockbroker With Churning

James William Flower (also known as Jim Flower) of Melville New York a stockbroker formerly registered with SW Financial has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that the stockbroker excessively traded and churned the accounts of five SW Financial customers causing them grave losses at the same […]

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FINRA Bars SW Financial Stockbroker In Boilerroom Investigation

April 08, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars SW Financial Stockbroker In Boilerroom Investigation

Robert John Murray (also known as Bob Murray) of Melville New York a stockbroker associated with SW Financial has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to the regulator’s request for information. FINRA Case No. 2019061942401 […]

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SW Financial Sued By Investors For Churning

Douglas Anthony Leone of Melville New York a stockbroker associated with SW Financial has been referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages supported by allegations that (1) transactions effected in the customer’s account were not suitable (2) contractual and fiduciary obligations were violated (3) misleading […]

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Investors Sue SW Financial For Churning

Shawn Evan Burns of Farmingdale New York a stockbroker associated with SW Financial (also known as Salomon Whitney Financial) has been referenced in a customer initiated investment related arbitration claim which was settled for $12,000.00 in damages supported by allegations that (1) stocks and over the counter equities were traded in the customer’s account by […]

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Salomon Whitney Sued By Investors For Negligence

Joseph Augustien Lianzo of Farmingdale New York stockbroker currently associated with Salomon Whitney Financial has been referenced in a customer initiated investment related arbitration claim which has been settled for $14,999.00 in damages supported by allegations that (1) contractual obligations were not complied with in regard to the customer’s investments (2) transactions facilitated by the […]

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Investors Accuse SW Financial Of Misrepresentation

Christopher Anthony Fernan of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related written complaint on November 27, 2018 where the customer requested $46,000.00 in damages based upon allegations that false or misleading statements had been made by the stockbroker concerning the risks of options […]

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SW Stockbroker Sanctioned By FINRA For Failure To Comply

Andrew Caputo Spaventa of Melville New York a stockbroker formerly registered with Salomon Whitney Financial has been suspended on September 6, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations of Spaventa’s failure to comply with a customer initiated investment related settlement agreement. FINRA Public Disclosure confirms […]

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Cova Capital Sued By Investors For Fraud

Michael Lawrence Oromaner of Syosset New York a stockbroker formerly employed by Cova Capital Partners LLC is the subject of a customer initiated investment related arbitration claim where the customer was awarded $75,672.00 in damages based upon Oromaner being found liable on the customer’s claims including (1) breach of fiduciary duty (2) breach of contract […]

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Investors Sue Salomon Whitney For Churning

Ahmad Wares (also known as Kevin Wares) of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $195,132.00 in damages based upon allegations that (1) Wares breached his contractual obligations to the customer (2) Wares executed unauthorized […]

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Salomon Whitney Sued For Breach Of Fiduciary Duty

Wayne Fitzgerald Ford of Farmingdale New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim which was settled for $17,000.00 in damages based upon accusations that (1) transactions effected in the customer’s account violated Louisiana Securities Act (2) fiduciary duties to the customer had been […]

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Investors Bring Arbitration Claim Against Salomon Whitney For Churning

August 01, 2018  |   Posted by :   |   Churning, Investment and Regulatory News   |   0 Comments

Andrew Caputo Spaventa of Farmingdale New York a stockbroker formerly employed by Salomon Whitney Financial is the subject of a customer initiated investment related arbitration claim where the customer sought $114,357.00 in damages supported by accusations that Spaventa (1) breached his contractual obligations to the customer (2) effected unauthorized trades in the customer’s account (3) […]

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Salomon Whitney Sued By Investors For Churning

Michael John Giovannelli of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim in which the customer requested $350,067.00 in damages supported by allegations of (1) breach of contract (2) unauthorized trading (3) suitability (4) negligence and (5) churning of the customer’s equity […]

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Salomon Whitney Broker Barred In Investigation

May 01, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Douglas Anthony Leone of Melville New York a stockbroker formerly registered with Salomon Whitney Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that Leone failed to cooperate in a FINRA investigation regarding his unsuitable investment […]

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Salomon Whitney Broker Charged With Obstruction

Douglas Anthony Leone, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to provide testimony in a FINRA investigation into his potentially unsuitable investment recommendations. Department of Enforcement v. Douglas Anthony Leone, No. 2016052560002 (Jan. 9, […]

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Salomon Whitney Broker Suspended For Suitability

Lawrence John Fawcett Jr., of Farmingdale, New York, a stockbroker registered with Salomon Whitney Financial, has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made an unsuitable investment recommendation to a customer. Letter of Acceptance, Waiver and Consent, No. […]

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Salmon Whitney Chief Operating Officer Fined By FINRA

December 23, 2017  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Gary Bruce Weiss, of Farmingdale, New York, a chief operating officer formerly registered with Salomon Whitney Financial, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to supervise a stockbroker that made unsuitable investment recommendations to a […]

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Salomon Whitney Stockbroker Suspended By FINRA

November 20, 2017  |   Posted by :   |   Boilerroom Sales   |   0 Comments

Christopher Anthony Fernan, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of his failure to provide FINRA with a response to a request for information about Fernan’s business activities. Case No. 2017053314901 […]

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Regulator Suspends Salomon Whitney Stockbroker

August 26, 2017  |   Posted by :   |   Boilerroom Sales   |   0 Comments

Gregory Flemming Jr., of Farmingdale, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Flemming failed to demonstrate to FINRA staff that he complied with a customer initiated investment related settlement arrangement or arbitration […]

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Salomon Whitney Financial Stockbroker Fired

July 03, 2017  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Christopher Anthony Fernan, of Melville, New York, a stockbroker registered with Salomon Whitney Financial, was terminated from employment on February 17, 2017, based upon allegations that he entered into an unauthorized loan arrangement with a firm customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fernan has been named in three customer initiated investment […]

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Salomon Whitney Financial Stockbroker Suspended

Shawn Evan Burns, of Farmingdale, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA staff with information about his business activities. Case No. 2017053391601 (June 16, 2017). […]

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EKN Financial Sued by Customer For Churning

Ahmad Wares, a stockbroker formerly registered with EKN Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on January 23, 2016, in which the customer requested $288,340.00 in damages based upon allegations that Wares breached his fiduciary duties, effected over-the-counter equity trades in the customer’s account on an excessive basis, […]

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Salomon Whitney Sued by Customer In FINRA Arbitration

What does the Whitney Bank or JC Whitney have to do with Salomon Brothers or Salomon Smith Barney? What does a Salomon or a Whitney have to do with Johnny Prinzivalli from Long Island? Nothing.  But Salomon Whitney Financial is a brokerage firm with a fancy sounding name located lovely Farmingdale, New York, and founded by a […]

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Laidlaw & Company Named In Securities Fraud Arbitration

James William Flower, of Melville, New York, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., has been named in a customer initiated investment related written complaint, which settled on November 12, 2015 for $45,000.00 in damages based upon allegations that Flower effected unsuitable equity transactions and churned the customer’s investment account. Financial Industry […]

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Salomon Whitney Financial Named Customer Fraud Arbitration

November 29, 2016  |   Posted by :   |   Boilerroom Sales   |   0 Comments

Shawn E. Burns, of Farmingdale, New York, a stockbroker formerly associated with Salomon Whitney Financial, has been named in a customer initiated investment related arbitration claim on August 26, 2016, in which the customer requested $177,000.00 in damages based upon allegations against Burns including negligence, fraud, breach of fiduciary duty, churning, and unauthorized trading. FINRA […]

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Churn Them and Burn Them Salomon Whitney’s Ford Arbitrations Abound

Wayne Fitzgerald Ford of Farmingdale, New York, a stockbroker formerly with Salomon Whitney Financial, but now out of the business is the subject of a pending customer dispute from March 14, 2016, in which the customer requested $50,000.00 in damages based upong the allegations that Ford breached his contractual and fiduciary obligations and effecting unsuitable transactions […]

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Customer Arbitration Claims Against Salomon Whitney Financial Continue

Michael L. Oromaner of Farmingdale, New York, a stockbroker formerly with Salomon Whitney Financial, and now associated with Cova Capital Partners is subject to a pending customer dispute from March 23, 2016, where a customer requested $750,000.00 in damages in connection with allegations against Oromaner of utilizing high pressure sales techniques, effecting unsuitable investment transactions, churning […]

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Customers Continue to Sue Saljooki for Fraud

Yousuf Saljooki, also known as Joe Saljooki, of Farmingdale, New York, a stockbroker with Salomon Whitney Financial, is subject to a pending customer dispute from March 23, 2016, in which several customers requested $300,000.00 in damages in connection with allegations against Saljooki of effecting investment transactions which were unsuitable, churning the customers’ investment accounts, charging […]

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Customer Filed Unsuitability Arbitration Claim Against Salomon Whitney Financial

September 17, 2016  |   Posted by :   |   FINRA Securities Arbitration   |   0 Comments

Emil Botvinnik, of Farmingdale, New York, a stockbroker for Salomon Whitney Financial, is subject to a pending customer dispute from April 29, 2016, in which a customer requested $99,000.00 in damages in connection with allegations against Botvinnik of churning the customer’s account, and making investment recommendations which were not suitable for the customer. FINRA’s BrokerCheck […]

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