Tag Archives: SW Financial

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 Financial Stockbroker Sanctioned For Excessive Trading

Richard James Coleman (also known as Rich Coleman and as Rick Coleman) a stockbroker registered with SW Financial has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Coleman traded in customer accounts in excessive amounts and (2) […]

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Investors Sues SW Financial For Churning

July 12, 2018  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Reynold Frank Vaughan III of Melville New York a stockbroker currently registered with SW Financial is referenced in a customer initiated investment related arbitration claim where the customer sought $69,433.00 in damages founded on allegations that (1) contractual duties had been breached (2) trades were executed in the customer’s account without the customer’s permission (3) […]

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Investors Sue SW Financial For Unauthorized Trading

Dimitrios Aivaliotis of Melville New York a stockbroker currently employed by SW Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $44,000.00 in damages supported by accusations that (1) contractual obligations to the customers had been breached (2) unauthorized trades had been effected (3) transactions were not […]

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SW Financial Fires Broker For Unauthorized Trading

April 27, 2018  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News   |   0 Comments

Yousuf Saljooki of Melville New York a stockbroker formerly registered with SW Financial has been terminated on December 15, 2017 based upon accusations that he (1) established a branch office without the firm’s permission (2) utilized unauthorized communication channels to communicate with customers and (3) utilized social security and other financial information of customers in […]

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SW Financial Censured By FINRA For Failure To Supervise

March 07, 2018  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

SW Financial is a brokerage firm headquartered in Melville New York which has been censured and fined thirty-five thousand dollars by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm (1) made mutual fund recommendations that were not suitable for customers and (2) failed to supervise the firm’s investment recommendations to […]

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