Wynston Hill Capital LLC was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $476,676.85 in damages. The Statement of Claim alleges unsuitable recommendations, the overconcentration of the customer’s account, unauthorized trading, fraud, and failure to supervise in connection with the sale of certain securities, including Amarin Corp. PLC ADR CALL, Proshares Ultra VIX Short Term Futures ETF, Health Insurance Innovation, NII Holdings Inc., and Square, Inc. FINRA Arbitration No. 19-02155 (Aug. 17, 2021).
The case involved the conduct of Joseph Morris Thurnherr. Thurnherr was barred by FINRA on February 20, 2020. FINRA Public Disclsoure shows that Thurnherr was previously the subject of at least fourteen (14) disclosed, customer initiated investment related complaints or arbitration proceedings.
In June 2016, Thurnherr pled guilty to the Possession of a Controlled Dangerous Substances.