Tag Archives: SII Investments

SII Investments Sued For Annuity Twisting

October 05, 2017  |   Posted by :   |   Variable Annuites   |   0 Comments

Michael Edward Halla, of Manitowoc, Wisconsin, a stockbroker formerly registered with SII Investments, Inc., is the subject of a customer initiated investment related arbitration claim, which settled on July 31, 2017, for $21,688.00 in damages founded upon accusations that Halla botched a distribution from the customer’s variable annuity, which caused the customer to suffer tax […]

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National Planning Broker Suspended For Hiding Complaints

May 25, 2017  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Richard Anthony McCollam, of Lafayette, California, a stockbroker formerly registered with National Planning Corporation, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to a FINRA Office of Hearing Officers’ Hearing Panel Decision containing findings that he failed to disclose customer complaints as required […]

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Brokerage Firms Censured For Overcharging Customers

March 07, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Financial Industry Regulatory Authority (FINRA) member broker dealers, including Invest Financial Corporation, SII Investments, Investment Centers of America, and National Planning Corporation, have all been censured and fined by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firms overcharged charitable organization and retirement account customers in mutual funds transactions, and did […]

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Broker Dealer Financial Services Corp Named In Securities Fraud Complaint

Mitchel Allan Foote, of Manhattan, Kansas, a stockbroker formerly registered with Broker Dealer Financial Services Corp., was named in a customer initiated investment related written complaint on May 12, 2014, in which the customer requested $30,000.00 in damages based upon allegations that Foote misrepresented an illiquid real estate security investment to a customer. FINRA Public […]

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SII Investments Named in Customer Securities Arbitration Claim

Thomas Fross, of The Villages, Florida, disclosed that a customer received a judgment or award against him for $24,000.00 in damages based upon the allegations that Fross breached his fiduciary duty and contractual obligations to the customer, made omissions and misrepresentations to the customer with regard to investments, and made unsuitable investment recommendations. FINRA BrokerCheck […]

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