Tag Archives: Wunderlich Securities Inc.

Investors Sue B. Riley For Breach Of Fiduciary Duty

Murray Bee Roark (also known as Pap Roark) of Dallas Texas a stockbroker currently employed by B. Riley Wealth Management (formerly known as Wunderlich Securities) has been identified in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages founded on accusations that (1) the customer was inappropriately advised to purchase […]

Read More »

FINRA Bars Wunderlich Stockbroker In Investigation

Benjamin Glasser Aibel of New York New York a stockbroker formerly employed by Wunderlich Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Aibel failed to cooperate with a request from FINRA for his information. Case No. 2016052510801 (Mar. 15, 2018). According […]

Read More »

Investors Sue Wunderlich Securities For Misrepresentation

Michael James Hebner of Flint Michigan a stockbroker formerly employed by Wunderlich Securities Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $15,000.00 in damages founded on allegations that (1) Wunderlich Securities failed to supervise Hebner’s trading in the customer’s account (2) misrepresentations had been made to the customer […]

Read More »

Wunderlich Stockbroker Barred In Investigation

David K. Mallett of Conway Arizona a stockbroker formerly registered with Wunderlich Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Mallett disregarded a FINRA inquiry possibly concerning Mallett being discharged from Wunderlich Securities Inc. or Mallett being subject of customer initiated […]

Read More »

Investors Sue Wunderlich For Breach Of Fiduciary Duty

Bassam S. Salem of Birmingham Michigan a stockbroker formerly registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim that settled for $50,000.00 supported by accusations that between January of 2011 and February of 2017: (1) poor investment recommendations were made to the customer concerning over the counter equities […]

Read More »

Customer Sues Wunderlich Securities For Lying

Andrew H. Bloom of Chicago Illinois a stockbroker currently registered with Wunderlich Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages founded on allegations that (1) unsuitable investment recommendations had been made to the customer concerning master limited partnerships and oil […]

Read More »

Ameriprise Stockbroker Fined For Misleading Customer

November 01, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Jack B. McBride, of Farmington Hills, Michigan, a stockbroker formerly registered with Ameriprise Financial Services, Inc., was fined $12,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he mismarked order tickets, engaged in misleading communications with a customer, and settled a customer dispute […]

Read More »

Customer Sues Wunderlich Securities For Misrepresentation

August 31, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

William George Fisher Connell II, of Livonia, Michigan, a stockbroker formerly registered with Wunderlich Securities, Inc., is the subject of a customer initiated investment related arbitration claim on February 14, 2017, in which the customer requested $100,000.00 in damages supported by allegations that Connell made misrepresentations to the customer, negligently handled the customer’s investment account, […]

Read More »

Wunderlich Securities Stockbroker Suspended By Regulator

April 10, 2017  |   Posted by :   |   Bond Fraud   |   0 Comments

David K. Mallett, a stockbroker formerly registered with Wunderlich Securities, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA personnel’s information request. Letter No. 2015047762601 (Feb. 3, 2017). FINRA Public Disclosure reveals that on December 8, 2015, […]

Read More »

Hilltop Securities Sued by Customers For Unsuitability

Steven Howard Bright, of Dallas, Texas, a stockbroker formerly registered with Wunderlich Securities, Inc., has been named in a customer initiated investment related written complaint on September 30, 2016, in which the customer requested $17,000.00 in damages based upon allegations that Bright effected exchange traded note transactions in the customer’s account on an excessive and […]

Read More »

Wunderlich Securities Sued for Securities Fraud

February 13, 2017  |   Posted by :   |   Boilerroom Sales, Securities Arbitration Claims, Securities Fraud   |   0 Comments

Howard Davis Brous, of Great Neck, New York, the former president and founder of defunct HD Brous, as a stockbroker currently registered with Wunderlich Securities, Inc., has been named in a customer initiated investment related arbitration claim on August 25, 2016, in which the customer requested $2,500,000.00 in damages based upon allegations that Brous breached […]

Read More »

Wunderlich Securities Named In Customer Securities Arbitration

December 07, 2016  |   Posted by :   |   FINRA Securities Arbitration, Securities Arbitration Claims   |   0 Comments

Ronald A. Frumkes, of New York, New York, a stockbroker currently registered with Wunderlich Securities, Inc., has been subject to a customer initiated investment related arbitration claim on October 30, 2014, in which the customer has requested $600,000.00 in damages based upon allegations that from May 29, 2014 and October 15, 2014, Frumkes provided unsound […]

Read More »

Wunderlich Securities Stockbroker Suspended For Unauthorized Trading

November 18, 2016  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Peter J. Neary, of Plymouth, Michigan, a stockbroker formerly with Wunderlich Securities, was fined $5,000.00 and suspended by Financial Industry Regulatory Authority (FINRA) after consenting to findings that he effected unauthorized discretionary trades in a customer’s account. Letter of Acceptance, Waiver and Consent, No. 2015044491201 (Nov. 3, 2016). Per the AWC, between July of 2012 […]

Read More »

Customers Able to Sue Aibel For Inability to Recommend Appropriate Investments

September 28, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Benjamin G. Aibel, of New York, New York, a stockbroker with Wunderlich Securities, Inc., is currently subject to a pending customer dispute from December 18, 2015, in which the customer has requested $5,000.00 amid allegations against Aibel for recommending unsuitable investments, and causing the customer to suffer from poor investment performance. Aibel is also subject […]

Read More »

Customers Allege The $3 Million Bloom is Off Wunderlich’s DeRose

September 27, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Ralph E. Derose, of Beachwood, Ohio, a stockbroker with Wunderlich Securities, Inc., is subject to a pending customer dispute from March 15, 2016, in which the customer has requested $3,000,000.00 in damages amid allegations against Derose of failing to follow the customer’s investment instructions and poor investment performance. Public Disclosure records reveal that in addition […]

Read More »

Misrepresentation Action Against Wunderlich’s Texas Roark

September 27, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Murray B. Roark, of Dallas, Texas, a stockbroker with Wunderlich Securities, Inc., is subject to a pending customer dispute from February 17, 2016, in which the customer requested $303,950.00 in damages after alleging that Roark failed to diversify the customer’s assets, over-concentrated the customer’s positions, and engaged in misrepresentation regarding investments. Public Disclosure Records show […]

Read More »

No Wonder Wunderlich Securities Stockbroker Sued For Unsuitability

September 27, 2016  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Bassam S. Salem, of Birmingham, Michigan, a stockbroker with Wunderlich Securities, Inc., is subject to a pending customer dispute from May 3, 2016, in which the customer has requested $281,000.00 in damages amid allegations against Salem of engaging in unauthorized trading, failing to supervise, breach of fiduciary duty, and making unsuitable investment recommendations in several […]

Read More »