Tag Archives: Transamerica Financial Advisors Inc.

FINRA Sanctions Transamerica For Failure To Supervise

January 19, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Mutual Fund Fraud   |   Comments Off on FINRA Sanctions Transamerica For Failure To Supervise

Transamerica Financial Advisors Inc. a securities broker dealer headquartered in Saint Petersburg Florida has been censured and fined $4,400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings including that Transamerica failed to supervise securities transactions and investment recommendations that its stockbrokers made to customers. Letter of Acceptance Waiver and Consent No. 2015048250401 (Dec. 21, […]

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FINRA Sanctions Transamerica Stockbroker For Selling Away

September 14, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Transamerica Stockbroker For Selling Away

Jose A. Yniguez (also known as Jose S. Yniguez) of Oxnard California a stockbroker formerly registered with Transamerica Financial Advisors has been fined $12,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Yniguez engaged in undisclosed private securities transactions and outside […]

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Transamerica Stockbroker Barred In Investigation

August 27, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on Transamerica Stockbroker Barred In Investigation

Steven Harris of Burr Ridge Illinois a stockbroker formerly associated with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Harris failed to cooperate with FINRA personnel during an investigation into allegations of his misconduct that […]

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Investors Sue Transamerica Over Fake Promissory Notes

July 29, 2020  |   Posted by :   |   Ponzi Schemes, Promissory Notes, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Sue Transamerica Over Fake Promissory Notes

Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly associated with Transamerica Financial Advisors has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been placed into real estate security and insurance products as well as a charitable annuity […]

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Transamerica Stockbroker Charged With Lying To FINRA

April 08, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on Transamerica Stockbroker Charged With Lying To FINRA

Steven Harris of Burr Ridge Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. is the subject of a Financial industry Regulatory Authority (FINRA) Complaint alleging that (1) Harris engaged in outside business activities and (2) Harris falsified documents and testimony while he was investigated by FINRA personnel for his outside activities. Department of […]

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Transamerica Sued By Investors Over Limited Partnership Sales

Bruce Albert Slater of Northville Michigan a stockbroker associated with Transamerica Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that the customer had been advised to allocate an excessive portion of funds in risky limited partnerships which failed […]

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Investors Sue Transamerica For Misconduct

William Dean Byrd of Tampa Florida a stockbroker formerly employed by Transamerica Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages founded on accusations that (1) trades were made solely to generate commissions from the customer (2) the customer’s account was over concentrated by […]

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FINRA Investigates Transamerica Financial Stockbroker

Steven Harris of Burr Ridge Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in a Financial industry Regulatory Authority (FINRA) investigation in which the regulator advised its Department of Enforcement to pursue disciplinary action against Harris for failing to cooperate with FINRA during an inquiry into accusations of his outside business […]

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Investors Sue Transamerica For Fraudulent Promissory Notes

Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly employed by Transamerica Financial Advisors Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $620,000.00 in damages founded on allegations that customers had been placed into inappropriate promissory notes which Mackay effected outside the auspices of the securities broker […]

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FINRA Bars Transamerica Stockbroker In Investigation

Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Mackay failed to comply with a FINRA investigation concerning allegations of Mackay having referred customers of Transamerica Financial […]

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Transamerica Stockbroker Fined $1.5 Million For Unauthorized Trading

Tracy Neal Wengert of Mesa Arizona a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in an Order issued by the Arizona Corporation Commission which revoked Wengert’s securities registration and mandated Wengert pay a $25,000.00 fine and $1,522,400.00 in restitution based upon findings including Wengert’s trading of securities in customers’ accounts without written […]

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Transamerica Broker Barred In FINRA Investigation

January 03, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Teresita Santos of Cerritos California a broker formerly employed by Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to cooperate with an inquiry from FINRA in regard to her activities in the securities industry. Case No. 2016051967801 […]

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Transamerica Broker Barred In FINRA Investigation

Yuhong Zhou of Radnor Pennsylvania a former Transamerica Financial Advisors Inc. broker has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Zhou failed to provide FINRA with information in regard to his business activities. Case No. 2018056902801 (June 11, 2018). FINRA Public Disclosure reveals […]

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Transamerica Broker Barred In Investigation

Atiq Urrehman Khan (also known as Daniel Khan) of Covina California a stockbroker formerly employed by Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Khan’s consent to findings that he obstructed a FINRA investigation into allegations of his unapproved solicitation of […]

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FINRA Fines Transamerica Broker For Unauthorized Trading

August 17, 2018  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Roy Aurelio Gaytan of Thousand Oaks California a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been fined $15,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he (1) failed notify the firm about his exercise of discretion […]

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FINRA’s Wrath Against Khan

Atiq Urrehman Khan of Covina California a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to make an appearance for FINRA personnel during an investigation into Khan’s apparent improper solicitation of securities. Department of Enforcement v. Atiq U. Khan […]

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Transamerica Accused Of Annuity Fraud

June 25, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Christopher John Jacob of Town and Country Missouri a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in a customer initiated investment related written complaint which was settled for $62,500.00 in damages on August 22, 2017 based upon accusations that Jacob was placed into variable annuities that were not appropriate for the customer. […]

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Customer Sues Transamerica For Unauthorized Disclosure

May 31, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Robert James Perta of Oak Brook Illinois a former registered representative of Transamerica Financial Advisors Inc. is the subject of a customer initiated investment related civil action in which the customer requested $4,279,093.00 in damages based upon allegations that the customer’s financial information was provided to an unauthorized recipient as part of a scheme to […]

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Customer Sues Transamerica For Misrepresentation

Robert MacDonald Abee of Raleigh North Carolina is a stockbroker formerly registered with Transamerica Financial Advisors Inc. who is the subject of a customer initiated investment related arbitration claim, which settled for $250,000.00 in damages supported by allegations that Abee (1) made misrepresentations to the customer concerning the terms and fees relating to the customer’s […]

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Customer Sues Transamerica For Suitability

Kevin Mark Nast of Northville Michigan is a stockbroker formerly registered with Transamerica Financial Advisors Inc. who is the subject of a customer initiated investment related arbitration claim which settled for fourteen thousand dollars in damages supported by accusations that Nast made unsuitable investment recommendations to the customer and executed unauthorized transactions in the customer’s […]

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Financial Management Strategies Broker Accused Of Fraud

Daniel Howard Glick, of Orland Park, Illinois, an advisor associated with Financial Management Strategies and former stockbroker of Transamerica Financial Advisors, Inc., has been charged by the Securities and Exchange Commission in a Complaint alleging that Glick committed securities fraud. Securities and Exchange Commission v. Daniel H. Glick, et al., Civil Action No. 17-CV-2251 (N.D. […]

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Transamerica Financial Advisors Sued For Misrepresentation

Paul Theodore Dicicco, of Millbury, Massachusetts, a stockbroker formerly registered with Transamerica Financial Advisors, Inc., has been named in a customer initiated investment related written complaint on March 28, 2016, in which the customer requested $6,000.00 in damages based upon allegations that Dicicco made misrepresentations to the customer concerning the features of a variable annuity […]

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Transamerica Financial Advisors Stockbroker Barred In Investigation

November 30, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Harry Bennett, of New Boston, Michigan, a stockbroker formerly associated with Transamerica, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that Bennett obstructed a FINRA investigation into allegations that Bennett made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2016049208901 […]

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Transamerica Financial Advisors Stockbroker Barred In Investigation

Tracy Neal Wengert from Mesa, Arizona, a stockbroker with Transamerica Financial Advisors, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had failed to comply with FINRA’s investigation into allegations against Wengert, including that he opened brokerage accounts outside of his […]

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