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Investors Sue Wunderlich Securities For Misrepresentation

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

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 […]

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International Assets Advisory Stockbroker Terminated For Cause

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Edmund Connors of Toms River New Jersey a stockbroker formerly employed by International Assets Advisory LLC has been discharged by the firm on November 6, 2017 supported by accusations that Connors spoke with customers of the firm during the time that he was suspended by FINRA for engaging in outside business activities. Specifically, Financial […]

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Investors Sue Trident Partners for Unsuitable Investment Recommendations

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Theodore Allocca Jr. of Woodbury New York a stockbroker currently employed by Trident Partners Ltd. is the subject of a customer initiated investment related arbitration claim where the customer sought $370,486.00 in damages founded on accusations that common and preferred stock transactions executed in the customer’s account were not suitable for the customer given the […]

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FINRA Fines Spencer Edwards For Overcharging Customers

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Spencer Edwards Inc. a securities broker dealer headquartered in Colorado has been fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that the firm overcharged customers on transactions that the firm’s stockbrokers effected in the customers’ accounts. Letter of Acceptance Waiver and Consent No. 2016051209102 (June 11, 2019). According to the […]

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NYLife Sued By Investors For Misrepresentation

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Amr Mostafa Amboulmagd of Horsham Pennsylvania a stockbroker formerly employed by NYLife Securities LLC is referenced in a customer initiated investment related written complaint which was settled for $15,834.58 in damages on May 30, 2017 founded on accusations that Amboulmagd made misrepresentations to the customer with respect to the fees and guarantees on a variable […]

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Ross Sinclaire Sanctioned For Municipal Bond Fraud

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ross Sinclaire Associates LLC a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $200,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Ross Sinclaire did not make required disclosures to investors concerning its municipal offering and (2) Ross Sinclaire failed to supervise activities relating to stockbrokers’ direct market […]

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Investors Sue SagePoint Financial For Breach Of Fiduciary Duty

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dean Thomas Nicholson of Summerfield Florida a stockbroker formerly registered with SagePoint Financial Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on allegations that (1) SagePoint Financial failed to supervise the transactions placed in the customer’s account (2) the customer’s investment related contract had […]

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Royal Alliance Sued By Investors For Stockbroker’s Sale Of Unregistered Securities

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly employed by Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages supported by allegations that the customer was sold unregistered securities during the time Farrow was associated with Royal Alliance Associates […]

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FINRA Sanctions Merrill Lynch Stockbroker For Outside Activities

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kyung Soo Kim of Katy Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Kim engaged in outside business activities without having notified Merrill Lynch during the […]

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Investors Accuse NEXT Financial Of Unsuitable REIT Recommendations

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Chester Kulch of Nashua New Hampshire a stockbroker currently employed by Next Financial Group Inc. is the subject of a customer initiated investment related written complaint on August 11, 2017 in which the customer requested $150,000.00 in damages based upon allegations that the customer was inappropriately advised by Kulch in regard to real estate […]

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Woodstock Financial Sued By Investors For Fraud

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Michael Tinnelly of Hawthorne New York a stockbroker formerly registered with Woodstock Financial Group is referenced in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by accusations that (1) over-the-counter equities trades executed in the customer’s account were not suitable for the customer given the customer’s investment […]

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U.S. Boston Capital Sanctioned For Failure To Supervise

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

U.S. Boston Capital Corporation a securities broker dealer headquartered in Lincoln Massachusetts has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent that it failed to supervise its business practices concerning the dissemination of consolidated reports which resulted in the firm disseminating inaccurate investment information to investors. Letter […]

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Investors Sue Oppenheimer For Securities Fraud

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew J. Giannone of Melville New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that (1) misrepresentations had been made to the customer (2) the customer’s account was mishandled (3) contractual obligations to […]

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National Securities Corporation Sued For Negligence

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Fleissner of New York New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $300,000.00 in damages based upon allegations that (1) there was a breach of the customer’s contract (2) the account was negligently administered (3) fiduciary duties […]

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Cetera Stockbroker Barred By FINRA In Investigation

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nina Sue Jessee (also known as Nina Campbell Jessee) of Abington Virginia a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jessee neglected to comply with FINRA during its investigation into accusations of (1) […]

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Morgan Stanley Sued By Investors For Misappropriation

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim in which the customer sought unspecified damages supported by accusations that the customer’s funds had been misappropriated through an investment held by the customer outside the firm’s auspices between 2013 […]

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COR Clearing Stockbroker Suspended For Failure To Pay Award

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Michael Cervino (Christopher Michael Smith) a stockbroker formerly registered with Prime Capital LLC and COR Clearing LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Cervino neglected to pay a customer $595,000.00 compensatory damages and $250,000.00 in punitive damages as provided in […]

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Investors Sue Wilmington Capital Over Defective Investments

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Christopher Lastihenos of New York New York a stockbroker formerly employed by Wilmington Capital Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $120,000.00 in damages based upon accusations that Lastihenos executed unsuitable stock purchases in the customers’ individual retirement accounts and brokerage account causing the customers […]

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Regulator Suspends LPL Stockbroker For Wrongful Investment Strategy

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jason N. Anderson of Beaumont Texas a stockbroker formerly registered with LPL Financial LLC has been suspended for three months from being an investment adviser representative in the State of Texas according to a Disciplinary Order issued by the Texas State Securities Board Order containing findings that Andersons provided investors with investment recommendations that were […]

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Investors Sue Wells Fargo Over Bad Foreign Investments

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John William Hoekman of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $390,000.00 in damages founded on accusations that (1) omissions had been made to the customer during a time that the customer was steered by […]

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Aegis Sued By Investors For Unauthorized Trading

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Rick John Sande of Melville New York a stockbroker currently employed by Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer sought $12,334.53 in damages founded on allegations that (1) investment recommendations which had been made to the customer failed to be suitable given the customer’s objectives […]

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Meyers Stockbroker Barred By SEC For Fraud

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jovannie Aquino (also known as John Aquino) a stockbroker formerly registered with Meyers Associates LP (also known as Windsor Street Capital LP) has been barred by Securities and Exchange Commission (SEC) from being a securities broker or investment advisor or otherwise associating with any securities broker dealers or investment advisories according to an Order Instituting […]

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FINRA Bars UBS Stockbroker In Selling Away Investigation

June 18, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nicolas Jesus Barrios of Winter Haven Florida a stockbroker and Production Branch Manager formerly employed by UBS Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Barrios failed to cooperate with FINRA during an investigation into accusations of (1) […]

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Merrill Lynch Pays Back Unapproved Loan to Customer

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Ross Highfill of Ridgeland Mississippi a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related complaint which was resolved on June 22, 2016 for $215,000.00 in damages supported by accusations that (1) Highfill inappropriately steered the customer towards loaning Highfill funds in connection with an […]

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FINRA Bars Ameritas Stockbroker In Selling Away Investigation

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly employed by Ameritas Investment Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Anderson’s consent to findings that he failed to cooperate with an investigation launched by FINRA in regard to allegations of Anderson […]

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Investors Sue IBN Over Alternative Investments

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Diaz of Scotrun Pennsylvania a stockbroker formerly registered with IBN Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on allegations that the customer had been placed into unsuitable investments including (1) real estate security (2) promissory note (3) oil and gas […]

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FINRA Suspends Sigma Stockbroker For Unauthorized Trading

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Curtis Roy Ile of Mt. Carmel Indiana a stockbroker formerly employed by Sigma Financial Corporation has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Ile’s consent to findings that (1) Ile exercised discretion in customer accounts without having written authorization from either the […]

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Cambridge Investment Research Sued For Stockbroker Theft

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Francesco Puccio of Pittsford New York a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages based upon allegations that (1) Puccio placed the customer in annuities and life insurance products that were not suitable for the customer […]

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Investors Sue Legend Securities For Churning

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Frederic Veale (also known as Chris Veale) of New York New York a stockbroker formerly registered with Legend Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $150,000.00 in compensatory and punitive damages supported by accusations that (1) Veale churned the customer’s investment account (2) Veale charged […]

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Morgan Stanley Stockbroker Admits To Unauthorized Trading

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David John Strnad of Franklin Tennessee a stockbroker formerly registered with Morgan Stanley has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Strnad effected unauthorized sales and purchases of certificate of deposits in an account owned by a customer of Morgan […]

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Investors Sue Triad Advisors For Fraud

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Liam Gerard O’Keeffe of Danbury Connecticut a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related arbitration claim which was settled for $65,000.00 in damages supported by accusations that between 2001 and 2016: (1) bad investment recommendations were made to the customer and (2) misrepresentations had been made concerning the […]

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NYLife Accused By Investors Of Misrepresentation

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Joseph Rocco Jr. of Wakefield Massachusetts a stockbroker formerly employed by NYLife Securities LLC is the subject of a customer initiated complaint which was resolved on April 25, 2019 for $190,000.00 founded on allegations that (1) misrepresentations had been made by Rocco in regard to mutual fund and insurance products sold to the customer […]

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Sagepoint Stockbroker Barred In Investigation

June 11, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Alberto Sanchez of Fort Lauderdale Florida a stockbroker formerly registered with Sagepoint Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Sanchez’s consent to findings that Sanchez obstructed a FINRA investigation into accusations of Sanchez having engaged in outside business activities that were seemingly […]

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Investors Sue LPL Financial For Unauthorized Trading

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Caleb Fackrell of Yadkinville North Carolina a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought compensatory damages founded on accusations that (1) penny stock and equities trades were placed in the customer’s account by Fackrell even though Fackrell lacked […]

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FINRA Bars First Allied Stockbroker For Ignoring Inquiry

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly […]

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Investors Sue Woodstock Financial For Securities Fraud

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barry Michael Kiront of Garden City New York a stockbroker formerly registered with Woodstock Financial Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $699,000.00 in damages supported by allegations that (1) the customer’s investment transactions were executed in a negligent fashion (2) the customer’s contract with […]

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FINRA Bars LPL Stockbroker For Dodging FINRA Investigation

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jason Reed Nelson of Tremonton Utah a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to […]

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Moloney Securities Sued By Investors For Fraud

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas G. Gresham (also known as Tom Gresham) of Overland Park Kansas a stockbroker currently registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $495,000.00 in damages founded on accusations that (1) Moloney Securities Co. and UBS Financial Services Inc. collectively failed to […]

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Investors Sue Windsor Street For Unsuitable Investment Advice

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ibrahim Ethem Kurtulus of New York New York a stockbroker formerly registered with Windsor Street Capital LP is referenced in a customer initiated investment related arbitration claim which was settled for $14,999.99 in damages based upon allegations that Kurtulus gave the customer bad advice concerning stocks that were placed in the customer’s investment account while […]

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Morgan Stanley Stockbroker Sanctioned By FINRA For Providing Unsuitable Investment Advice

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Ray Willoughby Jr. (also known as Ron Willoughby) of Tempe Arizona a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations of Willoughby making bad short-term unit investment trades in accounts of […]

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Stifel Nicholas Sued By Investors For Churning

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Charles John Obryant III of Raleigh North Carolina a stockbroker formerly registered with Stifel Nicholas Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $330,000.00 in damages founded on accusations that (1) stock trades effected in the customer’s account failed to be suitable for the customer given […]

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Investors Sue Janney Montgomery Scott For Unsuitable Investment Advice

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher David Sinkula of Stuart Florida a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 based upon allegations that the customer was placed in common or preferred stock by Sinkula when those investments were inappropriate for the customer given the […]

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HD Vest Stockbroker Sanctioned For Unauthorized Trading

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frank H. Kelly of New Cumberland Pennsylvania a stockbroker formerly employed by HD Vest investment Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Kelly’s consent to findings that (1) Kelly exercised discretion in customer accounts without obtaining written authorization and (2) […]

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Forest Securities Fires Stockbroker For Misrepresentation

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Michael Apted of Saint Louis Missouri a stockbroker formerly registered with Forest Securities Inc. has been discharged by the firm on February 28, 2018 based upon its accusations that (1) Apted engaged in an outside business activity without either disclosing it to the firm or obtaining its approval (2) Apted submitted fraudulent documentation to […]

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Morgan Stanley Stockbroker Suspended For Failure To Pay Arbitration Award

June 09, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey Michael Johnson (also known as Jeff Michael Johnson) of Birmingham Michigan a stockbroker formerly registered with Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Johnson failed to comply with the terms of a FINRA Arbitration Award. Case No. […]

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Global Strategic Investments Sued For Misrepresentation

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Alejandro Ariel Torres of Miami Florida a stockbroker formerly registered with Global Strategic Investments LLC is the subject of a customer initiated investment related arbitration claim which was settled for $32,500.00 in damages founded on accusations that misrepresentations had been made to the customer by Torres in regard to the customer’s investments and (2) investments […]

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National Securities Corp Sued By Investor For Negligence

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Anthony Arena of Westbury Connecticut a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages supported by allegations that (1) Arena breached his contractual obligations to the customer (2) Arena negligently transacted in the customer’s account (3) Arena breached […]

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FINRA Suspends Legend Securities Stockbroker For Falsifying Records

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Francis Louis Smookler Jr. (also known as Frank Smookler) of Syosset New York a stockbroker formerly registered with Legend Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Smookler falsified Legend Securities’ records and books regarding trades he effected […]

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H. Beck Inc. Sued By Investors For Bad REIT Recommendations

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Eric Poston (Rick Eric Poston) of Plano Texas a stockbroker formerly employed by H. Beck Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by accusations that while Poston was associated with H. Beck Inc. (1) Poston gave the customer bad investment advice […]

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FINRA Bars Global Arena Stockbroker For Failure To Pay Arbitration Award

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Edward Bohack of Global Arena Capital Corp has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bohack failed to comply with his obligation to pay compensatory damages to a customer who prevailed in a claim containing allegations that Bohack gave bad advice and […]

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Morgan Stanley Sued In Promissory Note Scheme

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Carey Sak of Deerfield Illinois a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations that Sak failed to repay the customer funds that were due according to the terms of promissory notes executed by Sak and […]

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FINRA Bars Securities America Stockbroker In Investigation

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Anthony Bastardi of Warwick New York a stockbroker formerly employed by Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Bastardi failed to cooperate with a FINRA investigation into allegations that Bastardi hindered a FINRA investigation concerning accusations that (1) […]

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Centaurus Financial Sued In Alternative Investments Debacle

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Bruce White of Bloomfield Hills Michigan a stockbroker formerly employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim which was settled to resolve the customer’s accusations that the customers were placed into an unsuitable oil and gas investment and had been induced to purchase the investment by way […]

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Colorado Sanctions Capital Portfolio Stockbroker

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Louis Laubach (also known as Chuck Laubach) is the subject of a Stipulation and Consent Order issued by the Colorado Division of Securities in which Laubach’s stockbroker licensure has been revoked based on allegations that Laubach engaged in business with customers in the State of Colorado in violation of Colorado’s licensing protocol during the […]

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UBS Accused By Investors of Churning

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Jeffrey Carlton of Vienna Virginia a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint which was resolved for $657,998.24 in damages on May 24, 2017 founded on allegations that between January 4, 2016 and February 23, 2017: (1) excessive exchange traded fund trades were executed […]

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SEC Sanctions Alluvion Stockbroker For Stealing

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Sherman Jumper of Memphis Tennessee a stockbroker formerly registered with Alluvion Securities LLC is the subject of a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act Section 203(f) in which SEC is considering barring Jumper from being a securities broker […]

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Investor Sues Buckman Reid For Private Placement Fraud

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Louis Baumner IV of Boca Raton Florida a stockbroker formerly registered with Buckman Buckman Reid Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000.00 in damages based upon allegations that the customer was placed into an unsuitable private placement investment while Baumner was associated with the […]

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Thrivent Stockbroker Barred For Unauthorized Transactions

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Leroy Studer of The Villages Florida a stockbroker formerly employed by Thrivent Investment Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Studer failed to cooperate with a FINRA investigation into allegations that Studer violated the firm’s policies and caused unauthorized […]

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Commonwealth Financial Stockbroker Barred In Investigation

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Benjamin Frank Bourgeois Jr. (also known as Ben Bourgeois) of Metairie Louisiana a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Bourgeois failed to cooperate with a FINRA investigation into accusations that (1) Bourgeois converted funds […]

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FINRA Bars Foresters Stockbroker For Selling Away

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Lester Carter of Henderson Nevada a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Carter sold away from the securities broker dealer by selling promissory notes to an investor. Letter of […]

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Morgan Stanley Sued By Investors For Churning

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey Neil Cadan of New York New York a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related arbitration claim that settled for $1,200,000.00 in damages supported by accusations that between 2011 and 2016, Cadan executed excessive government debt trades in the customer’s account causing the customers losses. Financial […]

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J.P. Morgan Stockbroker Barred By SEC For Fraud

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Jeffrey Oppenheim of New York New York a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisory firms according to an Order Instituting Administrative Proceedings pursuant to Securities Exchange […]

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Investors Sue WFG For Bad Alternative Investments

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Nelson Holloway of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages supported by allegations that (1) Holloway made omissions and misrepresentations to the customer concerning oil and gas direct investments and mutual funds and (2) […]

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Wunderlich Stockbroker Barred In Investigation

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

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 […]

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Investor Sues Madison Avenue For Inappropriate REIT Recommendations

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Andrew Geake (also known as Jim Geake) of Skokie Illinois and Schaumburg Illinois a stockbroker currently employed by Madison Avenue Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $12,500.00 in damages founded on allegations that the customer suffered unwarranted losses on alternative investments including real estate […]

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FINRA Bars First Standard Stockbroker In Investigation

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gabriel Block (also known as Gabe Block) of Red Bank New Jersey a stockbroker formerly registered with First Standard Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Block neglected to cooperate with an inquiry FINRA launched into Block’s activities. Case No. 2017052466301 […]

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Windsor Street Capital Expelled By FINRA For Fraud

June 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Windsor Street Capital L.P. (formerly known as Meyers Associates L.P.) has been expelled from Financial Industry Regulatory Authority (FINRA) membership, and Arthur Tacopino and Edwin Rodriguez (Windsor Street Capital’s associates) have been barred from associating with any FINRA member in any capacity, all according to a Default Decision issued by FINRA’s Office of Hearing Officers […]

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FINRA Bars American Portfolios Stockbroker In Investigation

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of […]

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Investors Capital Corp Sued By Investors For REIT Misconduct

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donnie Eugene Ingram of Winter Haven Florida a stockbroker associated with Cetera Advisors LLC and Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that Ingram executed unsuitable corporate debt and real estate investment trust trades in the customer’s account. Financial […]

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LPL Stockbroker Barred For Selling Away

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nalesnik hindered a FINRA investigation into accusations of (1) Nalesnik engaging in outside business activities in violation of the […]

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Investors Sue Voya Financial For Stockbroker Theft

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frederick Eugene Monroe Jr. (also known as Fred Monroe) of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. is referenced in a customer initiated investment related civil action brought in the Supreme Court of the State of New York where the customer sought $665,000.00 in damages founded on allegations that Monroe […]

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FINRA Bars PFS Stockbroker In Sales Practices Investigation

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Arturo Alejandro Nunez of Miami Lakes Florida a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nunez failed to cooperate in FINRA’s investigation into allegations of his sales practice violations and unauthorized commission splitting arrangement. Letter […]

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International Assets Accused Of Unsuitable Investment Recommendations

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Thormann Pease of Hoboken New Jersey a stockbroker formerly employed by International Assets Advisory LLC is referenced in a customer initiated investment related complaint on April 3, 2019 in which the customer requested unspecified damages supported by accusations that (1) the customer was not provided adequate information from Pease concerning the fees charged on […]

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FINRA Targets Stifel Nicolaus Stockbroker For Selling Away

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Hersey Pratt (also known as Joseph Hershey Butcher and J.H. Pratt) of Conshohocken Pennsylvania a stockbroker currently registered with Stifel Nicolaus Company is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA conveyed that its Department of Enforcement should take disciplinary action against Pratt for allegedly (1) engaging in private securities […]

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Investors Sue UBS Financial For Misrepresentation

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Daniel Price of Stuart Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $20,500.00 in damages supported by allegations that (1) misrepresentations or omissions had been made to the customer by Price concerning Cardero Resources equities held in […]

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SEC Bars “Not So” Bright Trading Stockbroker For Fraud

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Skeffington Eubanks of Las Vegas Nevada a stockbroker formerly employed by Bright Trading LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940 […]

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Wells Fargo Accused of Unsuitable Mutual Fund Recommendations

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ross Lionel Gordon of Raleigh North Carolina a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 on April 4, 2016 supported by accusations that between 2015 and 2016, the customer was placed into mutual fund investments that were inappropriate […]

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Investors Sue Popular Securities For Unsuitable Bond Recommendations

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jose R. Juanarena Ferrari of San Juan Puerto Rico a stockbroker formerly registered with Popular Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $125,000.00 in damages based upon accusations that Ferrari made inappropriate investment recommendations to the customer concerning the purchases of closed end funds […]

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Transamerica Stockbroker Fined $1.5 Million For Unauthorized Trading

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

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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Investors Sue RBC For Unsuitable Municipal Bond Recommendations

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Eugene Henry Freund of New York New York a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $157,500.00 in damages founded on allegations that bad municipal debt investment transactions were executed in the customer’s account during the time Freund was associated […]

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Wells Fargo Stockbroker Accused Of Unauthorized Trading

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Hossein Amirriahei (also known as Amir Amirriahei and as Riahei Amirriahei) of Los Angeles California a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related written complaint on May 30, 2017 in which the customer requested $150,000.00 in damages based upon allegations that trades had been executed in […]

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FINRA Charges Huntington Stockbroker With Selling Away

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Joseph Kielczewski of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Kielczewski partook in private securities transactions without notifying the firm beforehand and (2) Kielczewski falsified information to the firm concerning the private […]

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TradingBlock Blamed By Investor For Losses

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joshua David Arnold (also known as Josh Arnold) of Edina Minnesota a stockbroker formerly registered with TradingBlock (also known as AOS Inc. and MoneyBlock) is referenced in a customer initiated investment related written complaint which was resolved for $64,500.00 on October 17, 2017 founded on accusations that the customer suffered unwarranted losses on common or […]

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Massachusetts Sanctions Morgan Stanley Stockbroker For Misconduct

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nordo Mauro Nissi of York Maine a stockbroker formerly registered with Morgan Stanley is the subject of a Consent Order issued by the Commonwealth of Massachusetts Securities Division in which Nissi agreed to be placed on heightened supervision as a condition of maintaining an investment adviser representative registration in the Commonwealth because of (1) Nissi […]

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Woodstock Financial Sued By Investors For Fraud

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michel Rene Lavelanet (also known as Michael Rene Lavelanet) of Garden City New York a stockbroker formerly employed by Woodstock Financial Group Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $699,000.00 in damages based upon accusations that (1) the customer’s account was mishandled by Lavelanet (2) contractual obligations […]

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SunTrust Stockbroker Barred In FINRA Investigation

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Phillip Andrew Johnson of Nashville Tennessee a stockbroker formerly employed by SunTrust Investment Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Johnson refused to respond to a FINRA information request. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure, […]

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J.W. Korth Sanctioned For Overcharging Customers

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

J.W. Korth Company a securities broker dealer headquartered in Lansing Michigan has been censured by Financial industry Regulatory Authority (FINRA) according to a National Adjudicatory Council Decision affirming a Hearing Panel’s findings of the firm overcharging customers on municipal and corporate debt securities transactions effected in customers’ accounts. In the matter of Department of Enforcement […]

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Laidlaw Company UK Ltd. Sued By Investors For Churning

May 23, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bryan Gabriel Mazliach of Fort Lauderdale Florida a stockbroker formerly employed by Laidlaw Company UK Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $66,680.00 in damages founded on allegations that between 2015 and 2017: (1) transactions were executed in the customer’s account that were not suitable for the […]

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Titan Securities Sued By Investors For Selling Unregistered Investments

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash flow investment through an undisclosed outside business […]

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America Northcoast Stockbroker Barred For Misconduct

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dominic Anthony Tropiano of Cleveland Ohio a stockbroker formerly registered with America Northcoast Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Tropiano executed unauthorized trades in customer accounts (2) Tropiano made unsuitable investment recommendations to the firm’s customers […]

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Investors Accuse Wells Fargo With The Failure To Disclose Fees

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Hart Birnie of Herndon Virginia a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on May 17, 2018 where the customer sought more than $5,000.00 in damages based upon allegations that on January 24, 2018: (1) omissions had been made to the customer […]

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FINRA Bars M Holdings Stockbroker In Theft Investigation

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Grant failed to cooperate with FINRA in an investigation concerning Grant’s conversion of funds from customers of the […]

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Investor Blames Wells Fargo With The Failure to Follow Instructions

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Wayne Douglas Rogers of Austin Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled for $11,544.77 on March 8, 2018 based upon allegations that on January 2, 2018, the customer’s investment instructions were not followed concerning the liquidations of an […]

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UBS Stockbroker Suspended For Providing Unsuitable Investment Advice

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Paul Cooper of Century City California a stockbroker formerly employed by UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Cooper made bad investment recommendations to customers of the firm and (2) Cooper […]

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J.J. Hillard W.L Lyons Sued For Bad Direct Investments

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel J. Kempker of Holland Michigan a stockbroker formerly registered with J.J.B. Hilliard W.L. Lyons LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages founded on accusations that unsuitable direct participation program or limited partnership interest products had been sold to the customer which caused the […]

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Regulators Investigate OneAmerica Stockbroker For Fraud

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Zachary Scott Wagner of Gilbert Arizona a stockbroker formerly registered with OneAmerica Securities Inc. is referenced in a Arizona Securities Division investigation on March 26, 2019 founded on accusations that Wagner engaged in violations of the Arizona Investment Management Act and the Arizona Securities Act by (1) soliciting securities sales in the state without Wagner […]

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Investors Sue SII Investments For Fraud In Connection With The Sale Of REITs

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jason Bradley Scarcella of Bartlesville Oklahoma a stockbroker formerly registered with SII Investments Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $35,000.00 in damages supported by accusations that Scarcella made false or misleading statements to the customer concerning the income and safety of real estate investment trust […]

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Merrill Lynch Accused Of Excessive Trading By Investors

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Michael Richardson of Walnut Creek California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on April 11, 2019 in which the customer requested unspecified damages based upon accusations that between January 1, 2018 and June 7, 2018, excessive exchange traded fund […]

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Allstate Stockbroker Investigated For Theft By FINRA

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them […]

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Investors Accuse Morgan Stanley Unsuitable Bond Recommendations

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bryan Jeffrey Schon of Bloomfield Hills Michigan a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on December 11, 2017 in which the customer requested unspecified damages supported by accusations that between 2014 and 2016, energy bond transactions effected in the customer’s account were not suitable […]

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FINRA Sanctions Woodbury Financial For The Failure To Supervise Annuities

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Woodbury Financial Services Inc. a securities broker dealer headquartered in Oakdale Minnesota has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the suitability of annuities transactions placed in customers’ accounts to ensure that the transactions were complaint with FINRA rules […]

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SEC Bars Concorde Stockbroker For Fraud

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Steven Werbel of Chagrin Falls Ohio a stockbroker formerly registered with Concorde Investment Services LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant To Investment Advisers Act […]

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Hennion Walsh Sued By Investors For Churning

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mamode Abdullah Oozeerally (also known as Sony Oozeerally) of Parsippany New Jersey a stockbroker currently employed by Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages founded on accusations that (1) unauthorized trades were executed in the customer’s investment account (2) the […]

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Regulators Sanctions Cetera Stockbroker For Selling Away

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC is referenced in a Colorado Division of Securities Stipulation and Consent Order which revoked Balser’s sales representative licensure and investment adviser license based upon the Division’s findings that Balser sold investments to customers away from Cetera Advisors LLC. Case No. […]

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Investors Sue J.D. Nicholas Associates For Churning

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nicholas George Tsikitas of Melville New York of Syosset New York a stockbroker formerly employed by J.D. Nicholas Associates Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $425,928.00 in damages based upon allegations that in reference to the customer’s options and equities investments: (1) unauthorized transactions were […]

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FINRA Investigates J.D. Darbie Stockbroker For Conversion

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. is the subject of a FINRA Investigation in which FINRA determined that disciplinary action should be taken by FINRA Department of Enforcement against Nunez founded on accusations of (1) Nunez taking a loan from a customer (2) Nunez falsifying […]

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Investors Sue Allstate Financial For Failure To Supervise

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate […]

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Wells Fargo Stockbroker Sanctioned For Sale of Unsuitable Investments

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Alan Shotz of Daytona Beach Florida a stockbroker formerly employed by Wells Fargo Clearing Services LLC is the subject of an Order issued by the State of Maryland Securities Division revoking Shotz’s securities registration in the state based upon Shotz’s failure to respond to an Order To Show Cause relating to Shotz’s fine and […]

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Investors Accuse AXA Advisors Of Fraud

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Joseph D’Angelo of Los Angeles California a stockbroker currently registered with AXA Advisors LLC is the subject of a customer initiated investment related written complaint on May 4, 2018 where the customer sought $34,186.74 in damages based upon allegations that (1) misrepresentations had been made to the customer by D’Angelo in regard to the […]

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Northwestern Mutual Stockbroker Barred In Theft Investigation

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sampson Pearson Jr. of Charlotte North Carolina a stockbroker formerly registered with Northwestern Mutual Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Pearson declined to cooperate with a FINRA information request. Case No. 2017054269301 (Sept. 22, 2017). According to FINRA Public […]

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SEC Charges Comprehensive Asset Management Stockbroker With Fraud

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Tamara Rae Steele of Pendleton Indiana a stockbroker formerly employed by Comprehensive Asset Management and Servicing (now known as APW Capital Inc.) and Chief Operating Officer of Steele Financial has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Steele and Steele Financial made fraudulent investment recommendations to investors. Civil Action […]

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Salomon Whitney Sued For Breach Of Fiduciary Duty

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Wayne Fitzgerald Ford of Farmingdale New York a stockbroker formerly registered with Salomon Whitney Financial is referenced in a customer initiated investment related arbitration claim which was settled for $17,000.00 in damages based upon accusations that (1) transactions effected in the customer’s account violated Louisiana Securities Act (2) fiduciary duties to the customer had been […]

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SEC Bars Stifel Nicolaus Stockbroker For Fraud

May 17, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jon Brett Schmidhammer of Dublin Ohio a stockbroker formerly employed by Stifel Nicolaus Company Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisors according to an Order Instituting Administrative Proceedings Pursuant To Securities Exchange Act of […]

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Cambridge Stockbroker Barred By FINRA For Conversion

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anselmo Contreras Jr. of Angleton Texas a stockbroker formerly employed by Cambridge Investment Research has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon findings that Contreras converted a customer’s funds while he was associated with Cambridge Investment Research. Letter of Acceptance, Waiver and Consent No. 2018057254501 […]

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Wells Fargo Blamed For Disregarding Investor Instructions

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kery Shane Hutner of Chagrin Falls Ohio a stockbroker registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on June 11, 2018 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that between October 23, 2012 and May 24, 2018, the customer’s funds were […]

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Investor Sues Newbridge For Unauthorized Trading

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Scott Baldassarra of Coral Springs Florida a stockbroker formerly registered with Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that (1) options and stock transactions were executed on margin without the customer’s permission and (2) trades effected […]

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H. Beck Sued By Investor For Bad Investment Advice

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Henry Dresselaers of Bethesda Maryland a stockbroker formerly registered with H. Beck Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $255,000.00 in damages founded on allegations that (1) Dresselaers made omissions to the customer concerning the risks of exchange traded funds and (2) Dresselaers gave the customer […]

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Investors Sue Santander For Breach Of Fiduciary Duty

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Hortensia Llavat Tilen of San Juan Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages supported by accusations that (1) the firm failed to supervise Tilen’s closed-end funds and municipal debt transactions in the customer’s account […]

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Morgan Stanley Fires Stockbroker For Trading Practices

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Henry Grinberg of Aventura Florida a stockbroker formerly employed by Morgan Stanley has been terminated from the firm on June 8, 2018 while under investigation of Grinberg’s suspicious activities concerning trades placed in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that Grinberg is referenced in three customer initiated investment related disputes […]

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PFS Sued For Stockbroker’s Sale of Outside Investments

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Perry De Leeuw of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that the customer sustained losses on money provided to Leeuw for an outside business investment that Leeuw supposedly concealed from […]

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Southern Trust Stockbroker Sanctioned For Unregistered Solicitation

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Corrado Trombatore of Miami Florida a stockbroker currently employed by Southern Trust Securities Inc. is the subject of a Notice and Order to Cease and Desist issued by the State of Michigan Department of Licensing and Regulatory Affairs Corporations Securities and Commercial Licensing Bureau based on allegations that Trombatore solicited a securities transaction from […]

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Investor Sues Lantern Investments For Churning

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Judith Sally Levine of Adventura Florida a stockbroker currently employed by Lantern Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $32,500.00 in damages supported by allegations that between September of 2012 and November of 2016: (1) the customer’s account was handled in a negligent manner (2) […]

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Regulator Sanctions Moors Cabot Stockbroker For Suitability

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Phillip Robert Cheney Jr. of Norwell Massachusetts a stockbroker currently registered with Moors Cabot Inc. has been sanctioned by the State of Massachusetts Securities Division based upon findings that Cheney has been subject of customer disputes and has been terminated from at least one securities broker dealer founded on accusations of Cheney’s unsuitable investment transactions […]

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GF Investment Services Accused Of Selling Unregistered Securities

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Grant Conness of Fort Lauderdale Florida a stockbroker formerly employed by G.F. Investment Services LLC is the subject of a customer initiated investment related written complaint on May 16, 2018 in which the customer requested $100,001.00 in damages founded on allegations that Conness and GF Investment Services LLC permitted or otherwise failed to prevent […]

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Merrill Lynch Stockbroker Suspended For Selling Away

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Milad Tanha (also known as Mikey Tanha) of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $15,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Tanha engaged in […]

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JP Morgan Discharges Stockbroker For Unauthorized Trading

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ernesto David Ramirez of Coral Gables Florida a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged on April 7, 2017 based upon accusations that (1) Ramirez violated the firm’s policy by mismarking trades in customers account to make them appear as though they were not solicited by customers and (2) Ramirez violated […]

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Investors Sue America Northcoast For Misconduct

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dominic Anthony Tropiano of Cleveland Ohio a stockbroker formerly registered with America Northcoast Securities is referenced in a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages founded on allegations that (1) unauthorized transactions were effected in the customer’s account (2) leveraged exchange traded fund transactions were not suitable for […]

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TFS Stockbroker Suspended For Failure To Pay Arbitration Award

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Francis Joseph Gendlek of East Brunswick New Jersey a stockbroker formerly employed by IFS Securities and TFS Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Gendlek neglected to cooperate with the terms of a FINRA Arbitration Award. FINRA Arbitration No. 17-00637 (Apr. […]

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Edward Jones Accused Of Defective Mutual Fund Advice

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Todd Bruning Osing of Peoria Illinois a stockbroker currently employed by Edward Jones is referenced in a customer initiated investment complaint which was settled on June 19, 2018 to resolve accusations that Osing gave the customer unsuitable investment recommendations concerning the sale of mutual funds held in the customer’s investment portfolio. Financial Industry Regulatory Authority […]

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Kovack Securities Stockbroker Sanctioned By Regulator

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gerald James O’Halloran of Punta Gorda Florida a stockbroker formerly employed by Kovack Securities Inc. has been fined and ordered to cease and desist from engaging in violations of Florida Statutes according to an Order issued by Florida Office of Financial Regulations containing findings that (1) O’Halloran failed to inform his securities broker dealer about […]

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Investors Sue UBS For Fraud In Connection With The Sale Of Structured Products

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Brian Cain of Beverly Hills California a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on January 4, 2018 where the customer requested $45,000.00 in damages founded on accusations that between July 18, 2014 and January 4, 2018: (1) the customer was placed […]

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AXA Advisors Sanctioned By FINRA For Fraudulent Bond Sales to Retirement Accounts

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

AXA Advisors LLC a securities broker dealer headquartered in New York New York has been censured and fined $600,000.00 by Financial industry Regulatory Authority (FINRA) based on findings that (1) AXA Advisors made misrepresentations about the bonds sold to the firm’s retirement account customers and (2) AXA Advisors neglected to supervise its practices to ensure […]

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FINRA Sanctions Wells Fargo Stockbroker For Providing Bad Advice

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Richard Blasczyk of Green Bay Wisconsin a stockbroker currently employed by Wells Fargo Clearing Services LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Blasczyk gave bad investment advice to a customer of the firm. Letter of […]

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Portfolio Advisors Alliance Sued For Failure To Supervise

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kerri Lynn Wasserman of New York New York president of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought unspecified damages founded on allegations that between July of 2013 and August of 2017: (1) inappropriate stock and over-the-counter equities trades were effected in the customer’s […]

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FINRA Fines Ameriprise Stockbroker For Customer Loan

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lorene Fairbanks (also known as Lori Miller) of Canfield Ohio a stockbroker formerly employed by Ameriprise Financial Services has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Fairbanks entered into an unapproved customer loan arrangement in which Fairbanks […]

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Investors Accuse Morgan Stanley Of Unauthorized Trading

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Rick Alan Davidson of New York New York a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related complaint on May 15, 2017 where the customer sought $21,000.00 in damages supported by allegations that unauthorized corporate debt trades were executed in the customer’s account while Davidson was associated with […]

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Park Avenue Sued By Investors In Global Credit Recovery Scheme

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John C. Howley (also known as Jack C. Howley) of Rumson New Jersey a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related civil action brought in the Superior Court of New Jersey in which the customer requested $1,000,000.00 in damages and an unspecified amount of punitive damages […]

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FINRA Bars Merrill Lynch Stockbroker For Lying

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael John Ahearn of Yardley Pennsylvania a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that Ahearn lied to FINRA during the course of a FINRA investigation […]

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Securities Arbitration Filed Against Robinhood Financial In Cyber-Theft Case

May 08, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

On May 8, 2019, the Guiliano Law Group, P.C., filed an arbitration claim against Robinhood Financial, L.L.C. of Menlo Park, California and its clearing firm, Robinhood Securities, L.L.C. of Lake Mary, Florida in connection with the theft or cyber-theft of funds from customer securities accounts by unknown third parties. According to the Statement of Claim […]

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LPL Financial Stockbroker Fired For Forgery

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Don Wesley Salter of Shreveport Louisiana a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on June 30, 2018 based upon allegations that Salter failed to abide by the policies of LPL Financial LLC with respect to the authenticity of customer signatures on account related documentation. Financial Industry Regulatory Authority […]

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JP Morgan Stockbroker Barred In Investigation Involving Theft From Dead Customer

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joshua Alexander Stephens-Anselm of Valley Stream New York a stockbroker formerly registered with J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Stephens-Anselm declined to respond to FINRA’s request for information possibly relating to Stephens-Anselm being terminated by J.P. Morgan […]

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Next Financial Stockbroker Caught Unauthorized Trading

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Elliott Zerbarini of Safety Harbor Florida a stockbroker formerly employed by Next Financial Group Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based uponconsenting to findings that Zerbarini executed transactions in Next Financial Group Inc. customers’ accounts without the customers having provided […]

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FINRA Sanctions LPL Stockbroker For Customer Loans

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No. […]

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Voya Financial Admits To Failure To Supervise

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Voya Financial Advisors Inc. a securities broker dealer headquartered in Des Moines Iowa has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) the firm overcharged customers on their purchases of mutual funds by failing to apply sales charge discounts and (2) the firm neglected to supervise its mutual fund sales […]

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Buckman Buckman Reid Admits To Failure To Supervise Rogue Brokers

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Buckman Buckman Reid Inc. a securities broker dealer headquartered in Little Silver New Jersey has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that (1) Buckman Buckman Reid Inc. neglected to create and implement a supervision system and written supervisory procedures regarding the suitability of trades recommended by stockbrokers of the firm […]

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Investors accuse Wells Fargo Of Unauthorized Trading

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Debra Logan (also known as Debbie Bloustine) of Oklahoma City Oklahoma a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on August 3, 2018 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that between November 5, 2010 and July 16, […]

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Wilson Davis Investigated For Failure To Supervise

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Byron Bert Barkley of Salt Lake City Utah the Head of Trading for Wilson Davis Co. Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation which led FINRA to conclude that disciplinary action should be taken against Barkley for potentially failing to supervise stockbrokers of the firm who may have defrauded investors. […]

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Investors Sue Revere Securities For Breach Of Contract

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Felipe Nery Arrieta of Boca Raton Florida a stockbroker formerly employed by Revere Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages based upon accusations that (1) unauthorized options and mutual fund trades were executed in the customer’s account (2) contractual obligations to the customer […]

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Ameriprise Stockbroker Sanctioned For Outside Activities

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Corey Lee Mireau of Eden Prairie Minnesota a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Mireau engaged in unapproved outside business activities (2) Mireau executed […]

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Investors Sue Santander Securities For Fraud

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Arturo Colon of Mayaguez Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages founded on accusations that (1) the customer’s account transactions had been negligently administered (2) contractual obligations were breached (3) securities rules and […]

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HD Vest Stockbroker Barred In Investigation

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Erin Lynn Verespy of Trumbull Connecticut a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Verespy neglected to cooperate with a FINRA investigation into accusations that funds belonging to a customer had been […]

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Wells Fargo Stockbroker and Wife Alleged to Be Bad Manors

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Manor of Boston Massachusetts a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint supported by accusations that (1) Manor engaged in unapproved outside business activities and private securities transactions involving a customer of the firm and (2) Manor […]

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Investors Sue AXA Advisors For Misrepresentation

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brandon Il Bay (also known as Young I. Bae) of Los Angeles California a stockbroker formerly registered with AXA Advisors LLC is the subject of a customer initiated investment related civil action brought in the Los Angeles Superior Court in which the customer sought unspecified damages supported by allegations that misrepresentations had been made to […]

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Aegis Capital Stockbroker Barred By FINRA For Churning

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Bradley Schwartz (also known as Jim Schwartz) of Melville New York a stockbroker formerly employed by Aegis Capital Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that (1) Schwartz executed trades in the customer’s account […]

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Investors Blame Wells Fargo For Excessive Fees

May 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Taylor Edward Browman of Newport Beach California a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 21, 2018 where the customer sought $23,792.80 in damages based upon allegations that between January 1, 2018 and July 21, 2018, the customer had been charged […]

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Edward Jones Blamed By Investors For Unauthorized Trading

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jay Thompson Humphreys of Golden Valley Minnesota a stockbroker formerly employed by Edward Jones is referenced in a customer initiated investment related complaint on May 1, 2018 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that between March of 2017 and April of 2017, unauthorized stock trades were effected in […]

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Edward Jones Stockbroker Caught Engaging In Unauthorized Trading

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Arthur Ellingwood of Leesburg Virginia a stockbroker formerly employed by Edward Jones has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that transactions were executed by Ellingwood in Edward Jones customer accounts without permission. Letter of Acceptance Waiver and […]

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Regulator Nails Meyers Stockbroker For Excessive Trading

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Xavier Alexander Honablue of New York New York a stockbroker formerly registered with Meyers Associates L.P. has been fined $90,000.00 and permanently prohibited from engaging in securities transactions or investment advisory activities in the State of Illinois according to a State of Illinois Secretary of State Securities Department Order of Prohibition containing findings that Honablue […]

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Oppenheimer Accused By Investors Of Churning

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Jude Esparrago of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on February 17, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between June of 2014 and December of 2015: (1) the customer […]

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Raymond James Sued By Investors For Negligence

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ralph Wilson Smith of Valdosta Georgia a stockbroker formerly employed by Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $320,000.00 in damages supported by accusations that (1) the customer’s account transactions were negligently administered (2) contractual obligations were breached by the firm (3) fiduciary […]

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Investors Sue UBS Financial For Excessive Trading

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Stern Buchsbaum of New York New York a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,00.00 in damages based upon accusations that between March of 2017 and March of 2019: (1) misrepresentations had been made to the customer […]

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Newbridge Stockbroker Barred By SEC For Fraud

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Michael Berger of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation has been barred from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisors according to a Securities and Exchange Commission (SEC) Initial Decision of Default containing findings that Berger defrauded investors. In the […]

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Wells Fargo Accused By Investors Of Fraud

May 02, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Frank Valdez of Junction New York a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on September 19, 2018 where the customer sought $17,000.00 in damages founded on accusations that while Valdez was associated with Wells Fargo, omissions had been made to […]

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Southeast Investments Stockbroker Barred For Fraudulent Customer Loans

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Southeast Investments N.C. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Lessard engaged in unauthorized customer loan agreements while registered with Southeast Investments N.C. Inc. and […]

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National Securities Corp Sued For Unauthorized Trading

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Edison Kelly Jr. of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $4,200,000.00 in damages based upon allegations of (1) bad stock transactions being executed in the customer’s account and (2) equity trades being effected in […]

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FINRA Bars HD Vest Stockbroker For In Investigation

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas H. Laws of Silver City New Mexico a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Laws failed to provide FINRA with recorded testimony in its investigation into allegations of Laws’ involvement […]

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UBS Stockbroker Discharged For Unauthorized Trading

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William David Hobby of Atlanta Georgia a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on September 18, 2018 supported by accusations that (1) Hobby violated the firm’s customer complaint policy by neglecting to apprise the firm that he was subject of a customer initiated investment related complaint and […]

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Wells Fargo Stockbroker Suspended For Outside Activities

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jason Barrett Lane of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lane engaged in unapproved outside business activities during the time that he was associated […]

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Wells Fargo Accused By Investors Of Unauthorized Trading

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Michael Malis of Woodland Hills California a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related complaint on December 7, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while Malis was associated with Wells Fargo: (1) Malis executed unsuitable closed-end […]

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FINRA Bars Stockbroker For Unsuitable Investment Advice

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frederick David Holloway of Easton Maryland a stockbroker formerly employed by Holloway Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Amended Hearing Panel Decision containing findings that (1) Holloway made bad annuity recommendations to customers of the firm and (2) Holloway omitted […]

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Investors Capital Blamed For Real Estate Securities Misconduct

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate […]

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LPL Stockbroker Sanctioned For Mutual Fund Misconduct

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Lawrence Stephan of Xenia Ohio a stockbroker formerly registered with LPL Financial LLC has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement based on findings that (1) Stephan gave the customer unsuitanble investment […]

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Money Concepts Accused By Investors Of Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ray Gene Reese of Farmington Missouri a stockbroker formerly registered with Money Concepts Capital Corp is the subject of a customer initiated investment related complaint on May 8, 2018 where the customer requested $75,000.00 in damages based upon allegations of misrepresentations being made to the customer concerning the liquidity of a real estate security sold […]

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FINRA Fines American Portfolio Stockbroker For Selling Away

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Arthur Forrest of Flint Michigan a stockbroker formerly employed by American Portfolio Financial Services has been fined $5,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Forrest engaged in unapproved private securities transactions. Letter of Acceptance Waiver and […]

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Worden Capital Sued By Investors For Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sean P. McCabe of Melville New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim which was settled for $17,500.00 in damages based upon accusations that between May 17, 2017 and September 28, 2017: (1) inappropriate investment recommendations had been made to the […]

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Morgan Stanley Stockbroker Barred For Conversion

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John William Cutshall of Frederick Maryland a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member according to an Order Accepting Offer of Settlement based on findings that (1) Cutshall converted a customer’s funds and (2) Cutshall improperly utilized a customer’s funds. Department of Enforcement […]

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Investors Sue Network 1 For Private Placement Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Nicholas Teutonico of Seaford New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $145,000.00 in damages based upon accusations that (1) Teutonico effected unsuitable transactions in the customer’s account and (2) Network 1 Financial Securities […]

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FINRA Suspends Raymond James Stockbroker For Forgery

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Denise Marie Bucci of Conshohocken Pennsylvania a stockbroker formerly employed by Raymond James Financial Services Inc. has been fined $7,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bucci falsified and forged customer signatures on documents used to effect investment transactions […]

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Investors Sue Sigma Financial For Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Marvin Muhlberg of Cherry Hill New Jersey a stockbroker formerly employed by Sigma Financial Corporation and Sigma Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer was awarded $17,900.00 in compensatory damages based upon Muhlberg being found liable on the customer’s claims that (1) real estate investment trust […]

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Entrex Stockbroker Sanctioned For Misleading Investors

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen H. Watkins of Chicago Illinois a stockbroker formerly registered with Entrex Capital Market LLC has been fined $25,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that (1) Watkins engaged in unauthorized investment related communications and (2) Watkins disseminated […]

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Key Investment Services Accused of Misrepresentation

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Newell Bernardi Jr. a stockbroker currently employed by Key Investment Services LLC is referenced in a customer initiated investment related written complaint on October 18, 2018 in which the customer requested at least $5,000.00 in damages supported by allegations that the customer was advised to purchase a Liberty Life Estate Maximizer life insurance policy […]

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FINRA Sanctions EDI Stockbroker For Unauthorized Trading

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Stafford Thurmond of New York New York a stockbroker formerly employed by EDI Financial Inc. has been fined $25,000.00 and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Thurmond executed unauthorized trades in the customer’s account and (2) […]

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Investors Accuse Wells Fargo Of Stock Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Apostolos Nicholas Papadea of Columbia South Carolina a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on January 17, 2017 based upon allegations of (1) omissions and misrepresentations being made to the customer concerning the risks of mutual funds […]

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SEC Bars Meyers Associates Stockbroker For Fraud

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Naveed Akhtar Khan (also known as Nicholas Khan) of Staten Island New York a stockbroker formerly employed by Meyers Associates L.P. has been barred by Securities Exchange Commission (SEC) from being an investment adviser or stockbroker or working at firms advising investors or selling investors securities according to an Order Instituting Administrative Proceedings Pursuant to […]

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TCFG Wealth Stockbroker Barred In Investigation

April 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nicholas Brent Maddox of Laguna Niguel California a stockbroker formerly registered with TCFG Wealth Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26, […]

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UBS Financial Broker Fired For Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Lawrence Huber of Rochester New York a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on September 12, 2018 supported by allegations that (1) Huber effected unauthorized trades and liquidations in a customer’s account (2) Huber inappropriately placed a customer in an account to generate unapproved compensation (3) […]

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JP Morgan Blamed By Investors For Bad Advice

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Nicholas Degrado of Chicago Illinois a stockbroker currently employed by J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint on January 30, 2019 where the customer sought $16,566.55 in damages supported by accusations that investment recommendations made to the customer were not suitable causing losses on the customer’s managed […]

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Stifel Nicolaus Sued By Investors For Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Paul Courtney of Pasadena California a stockbroker currently employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim where the customer sought $238,050.00 in damages supported by accusations that (1) transactions were effected in violation of the securities laws of the State of California (2) misrepresentations and […]

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Investors Accuse Morgan Stanley Of Excessive Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Samuel Mewhinney III of Dallas Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on November 19, 2018 in which the customer requested $550,000.00 in damages based upon accusations that while Mewhinney was associated with Morgan Stanley: (1) Mewhinney effected trades in the customer’s […]

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Bonwick Capital Partners Owner Barred For Conversion

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Devin Lamarr Wicker of New York New York the majority owner, Chief Executive Officer and Chief Compliance Officer of Bonwick Capital Partners LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Wicker converted a customer’s funds. Department […]

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Wells Fargo Accused Of Failure to Disclose Fees

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Raymond Lenarz of Dickinson North Dakota a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint which was resolved on November 2, 2018 for $64,783.18 in damages based upon accusations that between September of 2018 and October of 2018, omissions had been made to the […]

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Oriental Financial Sued By Investors For Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Pedro Juan Rodriguez Rivera of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services Corp. is the subject of a customer initiated investment related arbitration claim in which the customer requested $463,417.00 in damages supported by accusations that (1) misrepresentations had been made to the customer concerning the risks of investments chosen […]

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Moorestown Stockbroker Admits To Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Farrukh Shazad Kazmi of Moorestown New Jersey a stockbroker currently registered with Berthel Fisher Company Financial Services Inc. has been fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that (1) Kazmi made unauthorized trades in customer […]

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Investors Sue Laidlaw Company For Churning

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nicholas Sabellico of Fort Lauderdale Florida a stockbroker formerly registered with Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim in which the customer requested $25,413.00 in damages supported by accusations that between 2015 and 2017: (1) transactions executed in the customer’s account were in no way appropriate for […]

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RBC Capital Sued By Investors For Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Frederick Sowerine of Billings Montana a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $80,000.00 in damages based upon allegations that (1) Sowerine executed unauthorized trades in the customer’s account and (2) Sowerine inappropriately placed the customer in energy sector […]

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Newbridge Stockbroker Barred For Selling Away

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dennis Allen Hayes of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that (1) Hayes engaged in private securities transactions while […]

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Investors Accuse Morgan Stanley Of Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Lief Collins (also known as Bill Collins) of Birmingham Michigan a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,973.25 on November 22, 2016 founded on allegations that unauthorized trades were effected in the customer’s brokerage and variable annuity accounts while […]

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Merrill Lynch Sued By Investors For Municipal Bond Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Derek David Rosenberg of Las Vegas Nevada a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $70,000.00 in damages based upon allegations that misrepresentations had been made to the customer concerning municipal debt investments selected for the customer’s account […]

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FINRA Bars Mutual Of Omaha Broker In Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Edward Earl Matthes (also known as Ed Matthes) of Oconomowoc Wisconsin a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations […]

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Raymond James Fires Broker For Unit Investment Trust Misconduct

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Franklin Hamilton Reynolds of Charlotte North Carolina a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by the firm on October 22, 2018 based upon the firm’s allegations that Reynolds engaged in suspicious activities concerning unit investment trusts while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals […]

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Investors Accuse WFG Investments Of Exchange Trades Notes Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Damian Marlon Bell of Daphne Alabama a stockbroker formerly employed by WFG Investments is the subject of a customer initiated investment related complaint on June 15, 2018 where the customer sought $72,000.00 in damages founded on allegations that the customer was placed into unsuitable exchange traded note and mutual fund products; and was assessed unwarranted […]

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Pruco Fires Stockbroker For Outside Business Activities

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy […]

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Investors Sue UBS Financial For Hedge Fund Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Carolyn Marie Thur of Chicago Illinois of Oakbrook Terrace Illinois a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on allegations that (1) omissions had been made to the customer concerning the risks, portfolio composition […]

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Allstate Financial Broker Sanctioned By FINRA For Forgery

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert L. Bryant III of Lincoln Nebraska a stockbroker formerly registered with Allstate Financial Services LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bryant forged customer account documents and caused Allstate Financial Services to hold false […]

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Popular Securities Sued By Investors In Puerto Rican Bonds

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Yolanda M. Rosich Clemente of San Juan Puerto Rico a stockbroker currently registered with Popular Securities is referenced in a customer initiated investment related arbitration claim in which the customer requested $235,000.00 in damages supported by accusations that the customer was inappropriately advised to invest in Puerto Rico securities including closed end fund and government […]

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FINRA Bars Coastal Equities Brokers For Churning

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sam Aziz (also known as Sam Yehya and Sam Azizieh) of Dublin Ohio a stockbroker formerly registered with Costal Equities Inc. and David A. Noyes Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Aziz failed to cooperate with FINRA in […]

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RBC Capital Markets Blamed For Defective Investment Advice

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony John Salerno (also known as AJ Salerno) of South Easton Massachusetts a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related complaint on May 17, 2018 where the customer sought damages estimated to exceed $5,000.00 supported by allegations that unsuitable common or preferred stock recommendations had been […]

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Investors Sue Wunderlich For Breach Of Fiduciary Duty

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

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 […]

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Summit Fires Stockbroker For Unauthorized Activities

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Eric John Zebrauskas of Carmel Indiana a stockbroker formerly employed by Summit Brokerage Services Inc. has been discharged on October 3, 2018 supported by accusations of Zebrauskas causing a customer to furnish signed but blank documents to effect investment transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that this is not the first time […]

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Centaurus Financial Sued By Investors For REIT Misconduct

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bryon Edwin Martinsen of Kings Park New York a stockbroker currently employed by Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $127,000.00 in damages based upon accusations that Martinsen gave the customer bad advice concerning real estate securities held in the customer’s investment portfolio between […]

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NYLife Broker Sanctioned For Unauthorized Transactions

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nathan Michael Badowski of Timonium Maryland a stockbroker formerly registered with NYLife Securities LLC is the subject of an Order issued by the Commonwealth of Virginia State Corporation Commission which revoked Badowski’s agent registration in the Commonwealth based upon accusations that Badowski engaged in business as an insurance company’s agent even though Badowski lacked any […]

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FINRA Suspends Garden State Broker In Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Garland Sean James (also known as Gary James) of New York New York a stockbroker formerly employed by Garden State Securities Inc. has been suspended by Financial Industry Regulatory Authority (FINRA) in all capacities on December 7, 2018 founded on allegations that James failed to comply with the terms of FINRA Arbitration in which James […]

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Royal Alliance Broker Sentenced To Prison For Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. was sentenced by a federal district court judge to more than seven years in prison, three years of supervised release and required to pay restitution of $3,085,939.00 according to the United States Attorney’s Office based upon Kitts pleading guilty to […]

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Investors Accuse Wells Fargo Of Direct Investment Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Eric A. Keller of Duluth Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $39,587.90 on February 16, 2016 founded on accusations that the customer was placed into a direct participation program or sold limited partnership interests that were […]

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Morgan Stanley Broker Sanctioned For Customer Loans

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ellen Jane Donnelly (also known as Ellen Jane Fleming) of Red Bank New Jersey a stockbroker formerly employed by Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Donnelly entered into an unauthorized loan arrangement in which she failed to […]

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FINRA Bars Cherry Hill Allstate Stockbroker In Theft Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ciro Joseph Santoro of Cherry Hill New Jersey a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santoro did not provide FINRA with information that had been requested of him during its inquiry into Santoro’s […]

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Key Investment Services Accused Of Annuity Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John L. Knight of Ann Arbor Michigan a stockbroker formerly employed by Key Investment Services is referenced in a customer initiated investment related written complaint which was resolved for $13,932.48 on May 18, 2016 supported by accusations that misrepresentations had been made to the customer concerning a fixed annuity issued by Great American Life Assurance […]

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Morgan Stanley Accused Of Misrepresenting Fees

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Blair Knoth of Carlsbad California a stockbroker formerly employed by Morgan Stanley is the subject of a customer initiated investment related written complaint on August 22, 2018 where the customer sought unspecified damages based upon accusations that misrepresentations had been made to the customer concerning commissions charged on options trades placed in the customer’s […]

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FINRA Bars State Farm Stockbroker In Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bradley Allen Latting of Lawton Oklahoma a stockbroker formerly registered with State Farm VP Management Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to comply with FINRA’s investigation into accusations of (1) Latting’s conversion of an elderly customer’s […]

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RBC Capital Stockbroker Fired For Unauthorized Transactions

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jannet Siegle Carpien (also known as Jannet Helen Carpien and as Janet Siege Carpien) of Washington District of Columbia a stockstockbroker formerly registered with RBC Capital Markets LLC has been discharged by the firm on August 2, 2018 based upon allegations that Carpien failed to abide by the firm’s policy when she effected an unauthorized […]

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Allstate Blamed By Investors For Bad Annuity Recommendations

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Vincent Prosperi of Rochester New York a stockstockbroker formerly employed by Allstate Financial Services LLC is referenced in a customer initiated investment related written complaint on September 24, 2018 where the customer requested damages estimated to exceed $5,000.00 based upon accusations that while Prosperi was associated with Allstate Financial Services: (1) the customer was […]

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SEC Bars Morgan Stanley Stockbroker For Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Cornelius Peterson of Boston Massachusetts an investment adviser representative and stockstockbroker formerly employed by Morgan Stanley has been barred by the Securities and Exchange Commission (SEC) from associating with any investment advisor or stockbrokerage firm according to an Order Instituting Administrative Proceedings According to Investment Advisers Act of 1940 Section 203(f) and Securities Exchange Act […]

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Investors AccuseWoodbury Financial Of Insurance Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barry Matthew Rumpel of Neillsville Wisconsin a stockstockbroker formerly registered with Woodbury Financial Services is the subject of a customer initiated investment related written complaint on January 23, 2018 where the customer sought $35,055.39 in damages founded on accusations that the customer was placed in a variable universal life insurance policy that was not suitable […]

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LPL Financial Stockbroker Barred In Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Cornelius Bylenga of Portage Michigan a stockstockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply in FINRA’s investigation into Bylenga’s possible loan arrangements with customers of LPL Financial LLC. Letter of Acceptance […]

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Investors Sue Stockbroker For Investment Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Leonard Joseph Marzocco of Melville New York a stockstockbroker formerly registered with Rockwell Global Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $10,500.00 in damages supported by accusations that (1) Marzocco breached his fiduciary duties to the customer (2) Marzocco misrepresented the terms and conditions of over-the-counter […]

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Investors Accuse Cantella Stockbroker Of Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ricardo Eduardo Harmsen of Pittsboro North Carolina a stockstockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related complaint on February 11, 2019 in which the customer sought $200,000.00 in damages supported by allegations that a transfer of the customer’s assets had been effected without the customer’s permission while […]

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BBVA Stockbroker Fired For Altering Retirement Account Beneficiaries

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joshua D. Griffin of Birmingham Alabama a stockstockbroker formerly employed by BBVA Securities Inc. has been terminated by the firm on July 7, 2018 during which time Griffin had been suspended and investigated by the firm concerning allegations of (1) Griffin’s impermissible altering of a customer’s individual retirement account certificate of deposit beneficiary designation and […]

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Legend Securities Compliance Officer Admits To Misconduct

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Nicholas Cacace of New York New York a former Chief Compliance Officer of Legend Securities Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Cacace failed to inform FINRA about customer initiated investment related disputes alleging the […]

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Investors Sue Aegis Capital For Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Spencer O’Brien of New York New York a stockstockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages supported by accusations that between 2011 and 2018: (1) the customer’s account was handled in a negligent manner (2) the […]

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UBS Financial Fires Stockbroker For Lying In SEC Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Davis Smith of Atlanta Georgia a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on August 7, 2018 supported by allegations that Smith was not forthcoming to the firm concerning his involvement with a customer in transactions referenced in a Securities Exchange Commission (SEC) inquiry. Financial Industry Regulatory […]

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Investors Sue TriPoint For Failure To Conduct Due Diligence

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Robert Boswell of Gaithersburg Maryland a stockbroker currently employed by Tripoint Global Equities LLC is the subject of a customer initiated investment related civil action brought in the United States District Court for the Southern District of New York which was settled for $400,000.00 founded on allegations that there was a lack of due […]

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Parkland Securities Sanctioned By FINRA For Failure To Supervise

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Parkland Securities LLC a stockbrokerage firm headquartered in Ann Arbor Michigan has been censured and fined $20,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to create and implement a supervision system pertaining to non-traditional exchange traded fund transactions. Letter of Acceptance Waiver and Consent No. 2016052300601 […]

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Wells Fargo Sued By Investors For Hedge Fund Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mikhail Filshtinskiy of Brooklyn New York a stockbroker formerly employed by Wells Fargo Advisors Financial Networks is the subject of a customer initiated investment related arbitration claim in which the customer requested $8,674,063.93 in damages founded on accusations that the customers were victim to a fraudulent scheme involving Filshtinskiy and a hedge fund manager. Financial […]

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BBVA Stockbroker Barred In Investigation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Adrian Torres Ortega of Sun City West Arizona a stockbroker formerly employed by BBVA Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ortega failed to cooperate with a FINRA investigation into accusations of his unauthorized transfer of a customer’s investment funds. […]

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Investors Sue Merrill Lynch For Bad Investment Advice

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jacquin P. Fink of New York New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $3,581,198.00 in damages supported by accusations of bad investment recommendations being made to the customer concerning (1) over-the-counter equities (2) […]

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Foresters Equity Stockbroker Caught Selling Away

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Dale Ernst of San Diego California a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ernst engaged in private securities transactions involving the sale of Woodbridge promissory notes. […]

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Investors Accuse Securian Financial Of Investment Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Vincent Bruce Waln of West Chester Ohio a stockbroker formerly employed by Securian Financial Services Inc. is referenced in a customer initiated investment related written complaint on December 13, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that Waln made misrepresentations to the customer concerning the terms and conditions of […]

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FINRA Catches LPL Financial Stockbroker Selling Away

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Patrick Klor of Fort Mill South Carolina a stockstockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in securities transactions away from LPL Financial LLC and […]

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Investors Win Against Fintegra CEO In Promissory Note Scheme

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Doreen Lea Weber (also known as Doreen L. Tyler Strand and as Doreen Lea Strand) the former Chief Executive Officer of Fintegra LLC. is named in a customer initiated investment related arbitration claim in which the customer was awarded $20,000.00 in compensatory damages based upon Weber being found liable on the customer’s claims of (1) […]

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National Securities Stockbroker Admits To Unauthorized Trading

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Bryant Eichner Jr. of New York New York a stockstockbroker formerly registered with National Securities Corporation has been fined $10,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Eichner executed unauthorized trades in a customer’s account. Letter of […]

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Merrill Lynch Sued For Options Fraud

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Heather Peterson Weber of Tampa Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim which was resolved for $92,500.00 in damages based upon accusations that (1) misrepresentations had been made to the customer concerning the terms or risk of options trades […]

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RBC Capital Markets Sued For Overconcentration

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Irwin Maisner (also known as Gerald Irwin Maisner and as Gerry Maisner) of Westport Connecticut a stockstockbroker currently registered with RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages based upon accusations that (1) Maisner poorly advised the customer concerning investments in oil […]

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Investors Sue Merrill Lynch For Misrepresentation

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Joseph Birkhauser of Lake Forest Illinois a stockstockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $10,000.00 in damages founded on allegations that (1) misrepresentations had been made concerning the terms or risks of the limited partnership interests sold […]

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FINRA Sanctions Revere Securities For Failure To Supervise

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Revere Securities LLC a brokerage firm headquartered in New York New York and Kurt Alfred Hurst (the firm’s branch manager) have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon FINRA finding in part that the firm failed to supervise its penny stock transactions to ensure compliance with federal securities laws. Letter of Acceptance […]

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FINRA Bars Windsor Street Stockbroker

April 10, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Francine Ann Lanaia (also known as Fran McPherson) a stockbroker formerly employed by Windsor Street Capital LP has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Lanaia failed to provide FINRA with information that had been requested from her. Case No. 2017052475701 (Oct. 29, […]

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FINRA Bars MML Stockbroker In Investigation

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly employed by MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Hearing Panel Decision containing findings that Woodward failed to give documentation to FINRA and provide recorded testimony before FINRA personnel […]

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Mutual Of Omaha Discharges Broker For Insurance Activities

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Price A. Breville of Staten Island New York a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been discharged on December 5, 2018 founded on allegations that Breville engaged in impermissible business activities concerning a customer’s purchase or sale of an insurance product. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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Feltl Company Accused Of Unsuitable Investment Strategy

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy David O’Brien of Inver Grove Heights Minnesota a stockbroker formerly employed by Feltl Company is the subject of a customer initiated investment related written complaint on December 24, 2018 in which the customer sought $10,000.00 in damages supported by allegations that the customer was inappropriately invested in over-the-counter equities because of those investments failing […]

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Pruco Broker Caught Obtaining Unapproved Customer Loans

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Hao Jie Zhang of Dewitt New York a stockbroker formerly registered with Pruco Securities, LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zhang engaged in an unapproved loan arrangement with a customer of Pruco Securities. […]

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Investors Accuse Edward Jones Of Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Allen Coffman of York New England a stockbroker formerly registered with Edward Jones is referenced in a customer initiated investment related written complaint which was settled on June 23, 2016 to resolve accusations that omissions had been made to the customer concerning the tax liability pertaining to the exchange of mutual funds in the […]

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Investacorp Fires Broker For Unauthorized Access To Customer Accounts

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Andrew Joseph Fairchild of Parkland Florida a stockbroker formerly employed by Investacorp Inc. has been terminated from employment on December 6, 2018 based upon the firm’s allegations that Fairchild inappropriately contacted a third party to effect withdrawals from customers’ annuities accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer filed an […]

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Cetera Blamed By Investors For Annuity Misconduct

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kirby Spencer McDonald of Omaha Nebraska a stockbroker currently registered with Cetera Advisors LLC is the subject of a customer initiated investment related written complaint on November 7, 2018 where the customer requested $72,000.00 in damages based upon accusations that the customer was poorly advised concerning a variable annuity transaction which led the customer to […]

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Dakota Securities Expelled For Failure To Supervise

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dakota Securities International Inc. a brokerage firm headquartered in Florida, and Bruce Martin Zipper (the president, Chief Executive Officer and Chief Compliance Officer of Dakota Securities International) have been sanctioned by Financial Industry Regulatory Authority (“FINRA”) according to a National Adjudicatory Council Decision which affirmed a Hearing Panel’s findings that (1) Zipper associated with the […]

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Investors Blame Merrill Lynch For Bad Investments

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bradford E. Bugher of Wilmington Delaware a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint on December 19, 2018 where the customer requested unspecified damages supported by allegations that between November 19, 2018 and December 19, 2018, while Bugher was associated with Merrill […]

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FINRA Bars NYLife Securities Broker In Investigation

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Judith Adele Johnston of Frisco Texas a stockbroker formerly employed by NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Johnston failed to cooperate with FINRA personnel in the course of an investigation into the complaints lodged against her from customers […]

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Oppenheimer Pays Investor For Unauthorized Trading Claim

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Eric Platnico (also known as Matt Platnico) of New York New York a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which was resolved for $95,690.00 on February 5, 2019 based upon allegations that while Platnico was associated with Oppenheimer: (1) unauthorized options trades […]

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Corinthian Partners Sanctioned For The Failure To Supervise

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Corinthian Partners, L.L.C. a brokerage firm headquartered in New York New York and Richard Calabrese (the firm’s majority owner, Chairman, Chief Compliance Officer and President) and Mitchell Manoff (the firm’s Chief Executive Officer) have been sanctioned by Financial Industry Regulatory Authority (FINRA) based upon findings that the firm, Calabrese and Manoff: (1) neglected to supervise […]

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National Securities Corp Sued For Investment Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Anthony Cavileer of Edison New Jersey a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $438,190.00 in damages founded on allegations that (1) misrepresentations had been made to the customer concerning the terms and conditions of over-the-counter equities investment purchased […]

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FINRA Sanctions Titan Securities For Investment Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Titan Securities a brokerage firm headquartered in Addison Texas, and Brad Curtis Brooks (the firm’s Chief Executive Officer and President) and Richard Wayne Demetriou (the firm’s registered representative) have been fined by Financial Industry Regulatory Authority (FINRA) according to an Extended Hearing Panel Decision containing findings that (1) misleading or false representations had been made […]

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Investors Accuse UBS Financial Services Of Investment Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gerard Joseph Costello of New York New York a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint on December 26, 2018 in which the customer sought damages estimated to exceed $5,000.00 founded on allegations that misrepresentations had been made to the customer concerning risks of an […]

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The GMS Group Accused Of Investment Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Oscar Andres Rico of Boca Raton Florida a stockbroker formerly registered with The GMS Group LLC is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on December 20, 2018 based upon accusations that Rico made false or misleading statements to the customer concerning Puerto Rico municipal debt investments that […]

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UBS Fires Broker For Failure To Disclose Legal Problems

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Thomas Donohue of New York New York a stockbroker formerly employed by UBS Financial Services Inc. has been terminated on December 7, 2018 founded on the firm’s accusations that Donohue failed to make required disclosures to the firm concerning his legal affairs; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public […]

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Investors Accuse Wells Fargo Of Investment Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Glen Joseph Webster of Appleton Wisconsin a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint which settled for $145,000.00 on March 14, 2017 based upon allegations that the customer was not provided adequate information concerning the costs of disengaging an outside money manager’s covered call […]

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FINRA Bars International Assets Advisory Broker For Failure To Pay Customer Settlement

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Robert Roth of Mendam New Jersey a stockbroker formerly registered with International Assets Advisory LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Roth failed to cooperate with the provisions of a customer initiated investment related settlement or otherwise confirm with FINRA […]

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Investors Blame Raymond James For Bad Investment Advice

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lisa Ann Detanna of Beverly Hills California a stockbroker currently registered with Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint on January 22, 2019 in which the customer requested $100,000.00 in damages supported by allegations that common and stock transactions executed in the customer’s account were not suitable […]

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FINRA Bars Kestra Stockbroker For Selling Away

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

George Mackley Robertson of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Robertson sold away from Kestra Investment Services (2) Robertson engaged in outside business activities without disclosing them […]

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CFD Investments Fires Broker For Churning Customer Accounts

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ziv Ohel of Long Grove Florida a stockbroker formerly employed by CFD Investments Inc. has been discharged on September 6, 2017 based upon accusations from a customer who claimed that (1) unsuitable transactions were executed in the customer’s account (2) fiduciary duties owed to the customer had been breached and (3) trades were placed in […]

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Investors Sue Santander For Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Willie Levon Vales of Conshohocken Pennsylvania a stockbroker formerly registered with Santander Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $285,000.00 in damages founded on accusations of the (1) violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law (2) breach of fiduciary duties and contractual […]

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SEC Bars Thompson Davis Broker For Fraud

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Victor M. Dandridge III of Richmond Virginia a stockbroker formerly employed by Thompson Davis Co. Inc. has been barred by Securities and Exchange Commission (SEC) from being an investment advisor or broker or otherwise associating with investment advisories or brokerage firms according to an Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 […]

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Centaurus Financial Sued For Bad Investment Advice

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Troy Nicholas Tremblay of Santa Barbara California a stockbroker formerly registered with Centaurus Financial Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $85,000.00 in damages supported by accusations that Tremblay gave the customer bad advice with regard to the real estate security products purchased by the customer […]

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Raymond James Broker Fired For Concealing Customer Complaint

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker formerly employed by Raymond James Financial Services Inc. has been terminated by the firm on November 20, 2018 supported by allegations that Cameron was involved in a customer complaint which he resolved outside the firm’s auspices and without the firm’s knowledge. Financial Industry Regulatory Authority (FINRA) Public […]

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Wells Fargo Blamed By Investor For Altering Investment Objectives

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew John Quall of Northfield Illinois a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on January 23, 2019 in which the customer requested unspecified damages supported by allegations that the customer’s account profile had been misrepresented leading to speculative and inappropriate futures commodity […]

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Morgan Stanley Fires Broker For Outside Business Activities

March 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Marc Hutkin of New York New York a stockbroker formerly employed by Morgan Stanley Wealth Management has been discharged by the firm on September 24, 2018 based upon accusations that (1) Hutkin engaged in outside business activities without having disclosed them to the firm and (2) Hutkin received compensation for activities that had not […]

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J.P. Morgan Broker Barred In Selling Away Investigation

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donovan St. Anthony Hunter of Houston Texas a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s investigation into accusations that Hunter engaged in unapproved outside business activities […]

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Wells Fargo Sued By Investors For Unsuitable Recommendations

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bryan Edwin Benson of Tucson Arizona a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related arbitration claim in which the customer requested $218,257.00 in damages based upon allegations that unsuitable stock transactions had been effected in the customer’s account by Benson while he was associated with […]

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Investors Sue LPL Financial For Annuity Fraud

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ryan Edward Featherston of Tulsa Oklahoma a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related civil action brought in the Bourbon County Kentucky Circuit Court in which the customer requested more than $5,000.00 in estimated damages based upon allegations that (1) misrepresentations had been made to the […]

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FINRA Sanctions Sigma Financial For Failure To Supervise

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sigma Financial Corporation a brokerage firm headquartered in Ann Arbor Michigan has been sanctioned by the Financial Industry Regulatory Authority (“FINRA”) based upon findings that the firm failed to supervise its non-traditional exchange traded fund transactions to ensure that they were properly reviewed for suitability. Letter of Acceptance, Waiver and Consent No. 2016052300602 (Mar. 7, […]

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Capital Securities Sued For Fraud In Connection with Sale of Unsuitable Securities

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Thomas Ragold of Florham Park New Jersey a stockbroker currently registered with Capital Securities Management Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that the customer was placed into unsuitable investments including (1) unit investment trusts (2) real estate […]

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Global Arena Broker Finally Barred For Failure To Pay Award

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jonathan Michael Sheklow of New York New York a stockbroker formerly registered with Global Arena Capital Corp has been suspended on May 23, 2016 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to pay a $151,373.17 award to a customer after a […]

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Investor Sues LPL Financial For Defective Investment Advice

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Vincent Jerome Camarda of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been named in an investment related arbitration claim where the customer requested $350,000.00 in damages based upon allegations that the customer was inappropriately steered towards purchasing a variable annuity while Camarda was employed with LPL Financial. Financial Industry […]

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FINRA Fines TriPoint For Failure To Supervise Restricted Stock Sales

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

TriPoint Global Equities a brokerage firm headquartered in New York, New York, and Andrew Kramer (head of trading at TriPoint) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement containing findings that the firm failed to supervise its securities transactions with a view towards complying with Securities […]

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UBS Broker Suspended For Unauthorized Trading

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard D. Niemann of Sugar Land Texas a stockbroker currently registered with UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No. […]

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Investors Sue Insight Securities For Fraud

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Carlos Javier Legaspy of Highland Park Illinois the President and Chief Executive Officer of Insight Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $2,765,000.00 in damages based upon accusations that while Legaspy was associated with Insight Securities Inc.: (1) customers were presented with fraudulent documents to effect […]

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Investors Blame Morgan Stanley For Bad Investment Advice

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John I. Snyder of Fort Lauderdale Florida a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $8,000.00 on March 20, 2017 based upon accusations that investment recommendations made to the customer were not suitable given that possible mutual fund breakpoint discounts had […]

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Ameriprise Broker Barred For Outside EB-5 Activities

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jim Jinkook Seol of Irvine California a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a National Adjudicatory Council Decision which affirmed FINRA’s Hearing Panel’s Decision containing findings that Seol sold away from his firm and engaged in […]

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CUNA Brokerage Services Blamed For Bad Recommendations

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Allen Sylvester of Groton Connecticut a stockbroker currently associated with CUNA Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on April 22, 2016 where the customer sought $40,000.00 in damages supported by accusations that (1) Sylvester failed to make disclosures to the customer about the penalties of surrendering a […]

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Halifax America Fined By FINRA For Failure To Supervise

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Halifax America LLC a brokerage firm headquartered in Sherman Oaks California has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) based in part on findings that the firm neglected to create and implement supervision systems with a view towards ensuring brokers’ transactions in customer accounts had been properly reviewed by the firm […]

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Investors Sue Morgan Stanley For Sale Of Unsuitable Bonds

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mikhail Jared Hess of San Francisco California stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that between October of 2014 and January of 2016, unsuitable corporate debt transactions had been effected in the customer’s account. Financial industry […]

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Wells Fargo Broker Fired For Trading Dead Person’s Account

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marvin Egorin of Los Angeles California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been terminated by the firm on January 18, 2018 during the time that Egorin was subject of an internal investigation into allegation that Egorin deliberately permitted liquidations and trades to be placed in a customer’s account after the […]

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FINRA Investigates Cabot Lodge For Failure To Supervise

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Michael Gould of New York New York a stockbroker and supervisor currently associated with Cabot Lodge Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Gould, inter alia: (1) possibly neglected to supervise disclosures pertaining to the compensation paid on real estate investment trust products offered to […]

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FINRA Suspends RBC Capital Broker For Unauthorized Trading

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Norman Gershon of Leawood Kansas a stockbroker formerly associated with RBC Capital Markets LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in discretionary trading of customer accounts; conduct violative of FINRA Rules. Letter of […]

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Ameriprise Broker Sent To Debtors Prison And Barred For Owing Ameriprise Money

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dorothy Greppin Powers of Las Vegas Nevada a stockbroker formerly registered with Ameriprise Financial Services Inc. has been named in an investment related complaint on August 9, 2017 in which the customer sought $19,468.00 in damages based upon accusations that the customer was placed in a variable universal life insurance contract that was not appropriate […]

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Wilbanks Securities Sued For Failure To Disclose REIT Risks

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Randall Lee Wilbanks of Oklahoma City Oklahoma a former executive of Wilbanks Securities Inc. has been named in a customer initiated investment related arbitration claim in which the customer sought $290,000.00 in damages based upon accusations that Wilbanks was responsible for (1) making omissions or misrepresentations concerning the risks pertaining to real estate security and […]

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Regulator Investigates Sigma Financial Broker For Annuity Misconduct

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Matthew Bakalis of Trenton Michigan a stockbroker formerly employed by Sigma Financial Corporation is the subject of an investigation launched by the State of Michigan Department of Insurance and Financial Services on December 12, 2018 concerning Bakalis’ possible involvement in the unsuitable surrender of three customers’ annuity contracts. FINRA Public Disclosure confirms that Bakalis […]

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Investors Sue MSI Financial For Variable Annuity Fraud

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Ashleigh Fortune of Iselin New Jersey a stockbroker formerly registered with MSI Financial Services Inc. is referenced in a customer initiated investment related civil action brought in the New Jersey Superior Court of Middlesex New Jersey where the customer requested unspecified compensatory damages based upon accusations that (1) omissions had been made to the […]

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UBS Financial Services Sued By Investors For Unauthorized Trading

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Edward Rebmann of San Antonio Texas a stockbroker currently associated with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations that structured products had been purchased for the customer’s account without the customer’s permission while Rebmann was associated with […]

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Merrill Lynch Broker Admits To Unauthorized Trading

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Brian Holder Jr. (also known as Mike Holder) of Dallas Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he effected unauthorized trades in customers’ investment accounts while […]

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Raymond James Sued By Investors For Breach Of Fiduciary Duty

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Paul Reznik of Tallahassee Florida a stockbroker formerly employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that (1) fiduciary duties and contractual obligations had been breached (2) the firm failed to supervise transactions […]

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Summit Brokerage Services Sued For Unauthorized Trading

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard David Blythe of Tucson Arizona a stockbroker currently registered with Summit Brokerage Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by accusations of the unauthorized trading of equities and mutual funds in the customer’s investment account during the time Blythe […]

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ProEquities Caught Excessively Charging Customers

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

ProEquities Inc. a brokerage firm headquartered in Birmingham Alabama has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it excessively charged customers who purchased mutual funds through the firm. Letter of Acceptance Waiver and Consent No. 2016052179401 (Mar. 7, 2019). According to the AWC, a variety of mutual fund […]

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Investor Sues Blackbook Capital For Defective Investment Advice

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dennis Daniel Herrera of New York New York a stockbroker formerly associated with Blackbook Capital LLC is referenced in a customer initiated investment related arbitration claim which was settled for $14,500.00 in damages based upon allegations that equity transactions effected in the customer’s account were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) […]

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Kestra Terminates Stockbroker For Hiding Customer Complaint

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Tom Abel Puentes of Woodland Hills California a stockbroker formerly associated with Kestra Investment Services has been terminated on May 7, 2018 based upon accusations that Puentes possibly failed to conform to Kestra Investment Services LLC policies by concealing that at least one customer complained about his activities. This is not the first time that […]

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FINRA Bars Stockbroker For Obstructing Boilerroom Investigation

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William David Nelson of New York New York a stockbroker formerly registered with Meyers Associates L.P. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Nelson failed to comply with a FINRA investigation into accusations that he effected excessive and unsuitable trades in a […]

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Merrill Lynch Blamed By Investors For Bad Investment Advice

March 15, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Dehrmann Miseyko of Boca Raton Florida a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which was settled on January 14, 2019 to resolve accusations that the customer’s assets were placed in inappropriate investments within the customer’s managed accounts. Financial Industry Regulatory […]

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Raymond James Financial Services Sued By Investors For Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey Worth Ostrander (also known as JW Ostrander) of Overland Park Kansas a stockbroker currently employed by Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $140,000.00 in damages supported by accusations that: (1) the firm and Ostrander violated FINRA rules in dealing with the […]

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Investors Accuses Wells Fargo Of Bad Direct Investments

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Alan Marshall of Dallas Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $100,000.00 on October 19, 2016 based upon allegations Marshall mismanaged the customer’s investment account and placed the customer in direct investments that failed to conform […]

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Morgan Stanley Broker Suspended For Unauthorized Trading

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin C. Yang (also known as Chiagan K. Yang) of Pasadena California has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he executed unauthorized trades in a customer’s investment account. Letter of Acceptance Waiver and Consent No. 2017052993601 (Mar. […]

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Cambridge Investment Research Blamed For Unsuitable Sale of REITs

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jared Bryce Roskelley of Scottsdale Arizona a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on July 28, 2017 where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately placed in the Phillips Edison Real Estate Investment Trust – a […]

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Investors Accuse Wells Fargo Of Unauthorized Transaction

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Ellsworth McMann of Lake Mary Florida stockbroker or supervisor currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on October 16, 2018 in which the customer requested more than $5,000.00 in damages supported by allegations that funds were inappropriately taken from the customer’s tax-qualified annuity […]

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FINRA Charges Aegis Capital Corp Broker With Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Bradley Schwartz (also known as Jim Schwartz) of New York New York a stockbroker formerly registered with Aegis Capital Corp. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Schwartz excessively traded and churned customers’ accounts and (2) Schwartz engaged in deceptive and fraudulent activities […]

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Park Avenue Broker Sued By Investor For Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Gaglio of New York New York a stockbroker formerly employed by Park Avenue Securities LLC is referenced in a customer initiated investment related written civil action brought in the United States District Court for the Southern District of New York which was resolved for $47,853.00 in damages founded on allegations that (1) fraudulent misrepresentations […]

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CUNA Brokerage Services Accused Of Unauthorized Account Liquidation

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Todd Douglas Micciche of Portland Oregon a stockbroker currently employed by CUNA Brokerage Services Inc. is referenced in a customer initiated investment related written complaint which was resolved for $57,700.00 in damages on December 14, 2017 based upon accusations that an unauthorized liquidation of the customer’s assets were executed from the customer’s account. Financial Industry […]

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FINRA Fines World Equity Group Broker For Lying to Customers

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barry Ronald Block of Arlington Heights Illinois a stockbroker formerly employed by World Equity Group Inc. has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Block made misrepresentations to customers concerning the expenses of variable annuities when advising […]

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Investors Sue Merrill Lynch For Annuity Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jonathan Rafe Rankin (also known as Jonathan Rafe Ranlein) a stockbroker and supervisor currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on November 8, 2017 in which the customer requested damages estimated to exceed $5,000.00 founded on accusations that misrepresentations and omissions had […]

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NYLife Blamed By Investors For Breach Of Fiduciary Duty

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Thomas Alexander III of Charlotte North Carolina a broker formerly registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $93,052.21 on October 18, 2017 supported by accusations that (1) the customer had been provided poor advice concerning the insurance, mutual fund and annuity products purchased […]

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Investors Sue Investors Capital For Bad REIT Recommendations

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Roberto Alexandro Blanco of El Paso Texas a stockbroker formerly employed by Investors Capital Corporation is the subject of a customer initiated investment related written complaint which settled for $43,000.00 in damages on February 2, 2018 based upon accusations that (1) Blanco placed the customer in real estate security investments that were not appropriate for […]

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CFWP Securities Broker Barred By FINRA In Investigation

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Michael Hart of New York New York a stockbroker formerly employed by CFWP Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hart failed to cooperate with FINRA’s investigation into his possible conversion of funds. Letter of Acceptance Waiver and Consent […]

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Morgan Stanley Sued By Investors For Securities Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ganesh Iyer (also known as Ganesh Ramachandran) of Houston Texas a stockbroker formerly registered with Morgan Stanley has been named in a customer initiated investment related arbitration claim in which Iyer and Morgan Stanley were ordered by a FINRA Arbitration Panel to pay $54,954.04 in compensatory damages to the customer based upon the Panel finding: […]

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NYLife Securities LLC Blamed By Investors For Annuity Misconduct

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sudesh Kumar Jain of Dayton Ohio a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $11,487.91 on January 9, 2019 founded on accusations that (1) the customer was placed into a variable annuity that failed to align with the customer’s financial […]

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Wells Fargo Accused By Investors Of Churning

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Cynthia Day Laroche of Park City Utah a stockbroker currently employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint which was resolved for $40,000.00 in damages on August 17, 2017 founded on allegations that Laroche churned the customer’s investment portfolio and engaged in manipulative activities with […]

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Regulator Sanctions SunTrust Broker For Forgery

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Kevin Swart (also known as Tony Swart) of Longboat Key Florida a stockbroker formerly employed by SunTrust Investment Services Inc. is the subject of an Order issued by The State of Michigan Department of Licensing and Regulatory Affairs which directed Swart to withdrawal his securities agent registration in the State of Michigan based upon […]

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Investors Sue Spartan Capital For Securities Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Dennis Lowry of New York New York the Chief Executive Officer and Managing Member of Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which customers were collectively awarded $330,000.00 based upon findings that Lowry and Spartan Capital Securities LLC (1) breached fiduciary duties to the customer (2) […]

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MetLife Blamed By Investors For Bad Annuity Advice

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Randall George Skrabonja of West Palm Beach Florida a stockbroker formerly employed by MetLife Securities Inc. is the subject of a customer initiated investment related written complaint on October 10, 2016 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that Skrabonja gave the customer bad advice about purchasing a variable annuity […]

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Investors Sue Oppenheimer For Defective Investment Advice

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Donald Routhier of Florham Park New Jersey a stockbroker formerly employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which settled for $92,500.00 in damages based upon allegations that (1) Routhier gave bad investment recommendations to the customer in reference to the customer’s mutual fund purchases and (2) […]

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FINRA Fines MML Broker For Secret Business Activities

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Eric Eugene Ott of Cincinnati Ohio a stockbroker formerly registered with MML Investors Services LLC has been fined $15,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Ott executed the unauthorized purchases of life insurance policies held in […]

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Wells Fargo Sued By Investor For Misrepresentation

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ghalib Abdulla Kanji of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $2,000,000.00 in damages founded on allegations that (1) investment recommendations made to the customer were not suitable and (2) misrepresentations had been made to […]

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Investors Accuse Morgan Stanley Of Bad Investment Advice

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Drew Martin Reinhardt of Doylestown Pennsylvania a stockbroker currently employed by Morgan Stanley is the subject of a customer initiated investment related written complaint which was resolved for $49,999.99 on December 20, 2018 supported by accusations that the customer was poorly advised with respect to the sale of AutoZone equities from the customer’s investment portfolio. […]

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FINRA Bars NMS Capital Advisors CEO For Failure To Supervise

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sperry Randall Younger of Garden City New York the Chief Executive Officer and Chief Compliance Officer of NMS Capital Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that (1) Younger falsified investment banking transactions executed through […]

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Investors Accuse Stifel Nicolaus Of Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Keith Edwin Downard of Canfield Ohio a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related complaint which settled for $51,242.45 in damages on April 8, 2016 supported by allegations that misrepresentations had been made to the customer concerning the risks of mortgage-related asset-backed debt investments purchased […]

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Investors Sue Network 1 For Breach Of Fiduciary Duty

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Scott Desando of Red Bank New Jersey a stockbroker currently employed by Network 1 Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $70,000.00 in damages founded on accusations that fiduciary duties owed to the customer were breached with regard to common or preferred stock […]

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Ameriprise Discharges Broker For ETF Misconduct

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Michael Roffman of Jacksonville Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on March 22, 2016 supported by accusations that (1) Roffman inappropriately solicited one or more customer’s investments in leveraged and inverse ETF investments (2) Roffman traded in customer accounts without written authorization from the […]

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TD Broker Barred In FINRA Theft Investigation

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Leonardo S. Araujo of Coral Gables Florida a stockbroker formerly employed by TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to cooperate with FINRA’s request for his information. Case No. 2016049044601 (Aug. 28, 2017). According to FINRA Public […]

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Merrill Lynch Accused By Investors Of Bad Investment Advice

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Menard Sanford Schwartz of Chicago Illinois a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which settled for $61,883.00 on January 10, 2017 founded on accusations that investment recommendations made to the customer were not suitable concerning over-the-counter equities held in their […]

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J.P. Morgan Pays Investor For Stockbroker Misconduct

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Howard Desser of Los Angeles California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $1,300,000.00 in damages founded on accusations that (1) Desser effected unauthorized transfers of funds from the customer’s account (2) Desser utilized the customer’s assets impermissibly […]

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Investment Center Stockbroker Criminally Charged With Fraud

March 07, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and […]

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Foresters Equity Broker Barred In Investigation

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael John Rappa of San Diego California a broker formerly employed by Foresters Equity Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rappa failed to cooperate with FINRA personnel who had been investigating Rappa’s possible unauthorized private securities transactions. […]

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JP Turner Sued By Investors For Bonds Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Earl Wilkinson III of Mesa Arizona a stockbroker formerly registered with J.P. Turner Company LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $32,500.00 in damages supported by accusations that the customer was placed in unsuitable corporate debt products including Puerto Rico bonds and Brogdon bonds. Financial […]

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FINRA Bars Farmers Broker For Selling Woodbridge Ponzi Scheme

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kirk James Bertsch of Spearfish South Dakota a broker formerly registered with Farmers Financial Solutions LLC has been disgorged of illicit commissions and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bertsch sold away from his firm by engaging in a promissory note […]

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VSR Sued By Investors For Breach Of Fiduciary Duty

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Hugh Murphy of Simi Valley California a stockbroker formerly registered with VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon accusations that (1) the customer was a victim of elder abuse (2) transactions were effected in violation of […]

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J.P. Morgan Securities Broker Barred For Elder Abuse

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Salman Rasheed of Skokie Illinois a broker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Rasheed took advantage of an elderly investor with dementia who provided Rasheed $390,045.00 in gifts while Rasheed was associated with the […]

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Berthel Fisher Sued By Investors For REIT Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joshua Eugene Stroud of Springfield Oregon a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $22,500.00 in damages supported by allegations that (1) Stroud made misrepresentations to the customer concerning business development company and real estate security investments […]

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Accelerated Capital Group Blasted For Churing Customer Accounts

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Accelerated Capital Group a brokerage firm headquartered in California has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm’s brokers: (1) executed unauthorized trades in customer accounts (2) sold customers investments that were not suitable for them and (3) executed trades in customer accounts on an excessive […]

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FINRA Bars Royal Securities Broker For Hindering Investigation

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Cameron Oakes of Grand Rapids Michigan a stockbroker formerly registered with Royal Securities Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Oakes obstructed a FINRA investigation into accusations that he made unsuitable investment recommendations to customers of the firm. […]

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NYLife Accused Of Annuity Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Tucciariello of New Windsor New York a stockbroker currently employed by NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $15,000.00 on October 8, 2018 based upon accusations that misrepresentations had been made to the customer by Tucciariello with regard to the surrender fees paid […]

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Investors Accuse Ameriprise Of REIT Misrepresentations

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dana Harold Nelson of Ann Arbor Michigan a stockbroker currently registered with Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on July 11, 2016 in which the customer requested $38,858.76 in damages supported by accusations that the customer’s purchase of Inland American Real Estate Investment Trust was not appropriate […]

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FINRA Bars Kestra Broker In Settling Away Investigation

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John William Spach of Aliso Viejo California a stockbroker formerly employed by Kestra Investment Services LLC and investment advisory representative formerly associated with NFP Retirement Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Spach failed to cooperate with a FINRA investigation into […]

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Investors Accuse MSI Financial Of Annuity Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Patrick Wells of Philadelphia Pennsylvania a stockbroker formerly registered with MSI Financial Services Inc. is referenced in a customer initiated investment related written complaint on March 1, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages based upon allegations that the customer was poorly advised concerning the purchases of a […]

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FINRA Suspends Hornor Townsend Broker Caught Selling Away

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Edward Sova of Baton Rouge Louisiana a stockbroker formerly registered with Hornor Townsend Kent Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sova sold away from the firm by selling Woodbridge Group of […]

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Merrill Lynch Sued By Investors For ETF Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Raj Sharma of Boston Massachusetts a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $70,000.00 in damages founded on accusations that (1) misrepresentations and omissions had been made to the customer from January of 2012 to January […]

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KMS Broker Caught By FINRA Engaging In Outside Business Activities

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Andrew Kasel of Scottsdale Arizona a stockbroker formerly employed by KMS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved outside business activities while registered with the firm. Letter of Acceptance […]

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Dawson James Sued By Investors For Churning

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dominic Joseph Linsalata Jr. of Boca Raton Florida a stockbroker formerly registered with Dawson James Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $80,013.13 in damages supported by accusations that (1) misrepresentations had been made to the customer concerning equity investments and (2) excessive equity trades […]

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FINRA Bars Wells Fargo Broker In Theft Investigation

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Somning Pheth (also known as Demo Pheth) a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Pheth failed to provide FINRA with information that had been formally requested of him through a FINRA inquiry. […]

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LPL Broker Caught Engaging In Outside Business Activities

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John A. Crumb of Macedon New York a stockbroker formerly employed by LPL Financial LLC has been fined $12,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crumb engaged in outside business activities that were not disclosed to LPL […]

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Investors Blames BBVA In Currency Mishap

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mario Omar Martinez Chavez of El Paso Texas a stockbroker formerly registered with BBVA Securities Inc. is the subject of a customer initiated investment related written complaint on March 28, 2018 where the customer requested more than $5,000.00 in damages founded on accusations that Chavez neglected to abide by the customer’s instructions pertaining to a […]

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Oppenheimer Accused By Investors Of Churning

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brandon Boyd Hanna of Minneapolis Minnesota a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 17, 2018 in which the customer sought $350,000.00 in damages founded on accusations that (1) the customer’s account was churned and (2) stock, mutual funds and exchange traded funds […]

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SEC Bars MP Global Broker For Fraud

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lee Dana Weiss of San Juan Puerto Rico a stockbroker formerly employed by MP Global Inc. and owner of Family Endowment Partners LP (FEP) has been barred by Securities and Exchange Commission (SEC) from being a broker or investment advisor or otherwise associating with brokers or investment advisories according to an SEC Order Instituting Administrative […]

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Merrill Lynch Broker Suspended By FINRA For Hiding Recommendations

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Bruckner of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bruckner mismarked customer order tickets by claiming that the transactions were not solicited when they were actually solicited by […]

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Investors Blame RBC Capital Markets For Bad Investment Advice

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Gordon of Paramus New Jersey a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related written complaint which was settled for at least $5,000.00 on January 31, 2018 based upon accusations that the customer was provided unsuitable investment recommendations concerning the purchase of municipal bonds despite […]

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Ameriprise Broker Barred In Investigation

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert A. Perconte of Port St. Lucie Florida a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Perconte neglected to respond to FINRA’s request for information which possibly concerned Perconte’s possible outside business activities as referenced […]

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Investors Accuse Raymond James Of Churing

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary George Vescio of Palm Beach Gardens Florida a stockbroker formerly registered with Raymond James Associates is the subject of a customer initiated investment related written complaint on May 21, 2016 where the customer sought $62,000.00 in damages supported by allegations that excessive stock trades were effected in the customer’s account while Vescio was employed […]

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Dawson James Broker Fired For Unregistered Activities

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Neil Kalter of New York New York a stockbroker formerly registered with Dawson James Securities Inc. has been discharged by the firm on July 20, 2018 based upon allegations that (1) Kalter solicited investment transactions from investors residing in states in which Kalter was not registered as a securities person and (2) Kalter utilized […]

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National Securities Sued For Breach Of Fiduciary Duty

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Fasciglione of Mineola New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $467,000.00 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached and (2) real estate security transactions effected in the customer’s […]

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Oppenheimer Accused Of Mutual Fund Misconduct

March 04, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Brown of Fort Lauderdale Florida a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related written complaint on July 29, 2016 in which the customer requested more than $5,000.00 in damages based upon allegations that (1) the customer’s assets were not appropriately diversified and (2) overly speculative mutual […]

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Regulator Bars Morgan Stanley Broker Naming Himself Customer’s Beneficiary For Elder Abuse

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Anthony Waszolek of Scottsdale Arizona a stockbroker formerly employed by Raymond James Associates Inc. is referenced in an Arizona Corporation Commission Order revoking his securities registration in the State of Arizona based on findings that Waszolek engaged in unethical practices in the securities industry through steering an investor with dementia towards making Waszolek a […]

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Purshe Kaplan Sterling Broker Barred By SEC For Fraud

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Michael Phillips of Woodland Hills California a stockbroker formerly employed by Purshe Kaplan Sterling Investments and former owner of TPG Advisors (The Phillips Group Advisors) has been barred by Securities and Exchange Commission (SEC) from associating with any broker or investment advisor as well as any brokerage firm and investment advisory according to a […]

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MML Investors Services Accused Of Annuity Fraud

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Michael Terlecky III of Amherst New York a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related written complaint which was settled on May 13, 2016 to resolve accusations that during the time Terlecky was associated with the firm he made misrepresentations to the customer concerning […]

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JP Morgan Accused By Investors Of Investment Fraud

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bradley Scott Cooperman of San Diego California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint on July 14, 2016 in which the customer sought $11,060.56 in damages based upon accusations that (1) unauthorized trades were executed in the customer’s managed investment account (2) misrepresentations […]

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FINRA Bars Allstate Broker In Investigation

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Gerald Merlo of Midland Park New Jersey a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Merlo disregarded a FINRA inquiry possibly pertaining to him being charged with fraud. Case No. 2017053574002 (Jan. 15, […]

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Edward Jones Broker Caught Using Blank Forms

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Danielle Jean McAniff of Albuquerque New Mexico a stockbroker formerly registered with Edward Jones has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that McAniff caused an Edward Jones representative to have customers provide signed blank forms so the firm could effect […]

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LPL Financial Broker Blamed For Forging REIT Disclosures

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Diane Marie Knight of Chico California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint on January 26, 2017 where the customer sought $50,000.00 in damages supported by accusations that while Knight was associated with LPL Financial LLC unauthorized parties signed documents to effect real estate […]

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Investors Sue Morgan Stanley For Bond Fraud

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Angel Edgardo Aquino-Velez of Miami Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages founded on accusations that between 2011 and 2017, closed-end fund and municipal debt transactions were executed in the customer’s account that were not suitable for the […]

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JJB Hillard WY Lyons Broker Admits to Unauthorized Trading

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Duke Bennett of Louisville Kentucky a stockbroker formerly employed by J.J.B. Hillard, W.L. Lyons LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bennett effected unauthorized transactions in accounts of J.J.B. Hillard, W.L. Lyons LLC customers. Letter […]

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FINRA Charges Charles Schwab Broker With Stealing

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Andrew Manual Garcia of Indianapolis Indiana a stockbroker formerly registered with Charles Schwab Co. Inc. has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Garcia converted a customer’s funds. Department of Enforcement v. Andrew Manual Garcia, Disciplinary Action No. 2017054899801 (Feb. 4, 2019). According to the Complaint, […]

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SA Stone Accused Of Investment Fraud

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Thomas Jergler of Hermitage Pennsylvania a stockbroker currently registered with SA Stone Wealth Management Inc. and investment advisor representative of Sterne Agee Financial Services Inc. is the subject of a customer initiated investment related written complaint which was resolved for $7,010.00 on August 15, 2016 supported by accusations that omissions had been made to […]

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Titan Securities Sued By Investors For Failure To Supervise

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brad Curtis Brooks of Addison Texas, a stockbroker and supervisor currently registered with Titan Securities, is referenced in a customer initiated investment related arbitration claim which was resolved for $9,850.00 in damages founded on allegations that Brooks failed to supervise a customer’s investments in limited partnership interest or direct participation program products. Financial Industry Regulatory […]

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Waddell Reed Broker Admits To Unauthorized Trading

February 20, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Logan of Silverdale Washington a stockbroker formerly registered with Waddell Reed and Edward Jones has been fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Logan traded in customer’s investment accounts without authorization (2) Logan exercised discretion in customer’s […]

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FINRA Nails WEG Principal For Failure To Supervise

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher T. Dallas of Arlington Heights Illinois a stockbroker and supervisor currently employed by World Equity Group Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity based upon consenting to findings that Dallas failed to supervise variable annuity transactions effected by the firm’s […]

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Investors Sue LPL Financial LLC For Unsuitable Investment Advice

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Erick Andrew Bourbon of Salem Massachusetts a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written arbitration claim which was settled for $23,000.00 in damages based upon accusations that between January 7, 2014 and June 30, 2016: (1) mutual fund and stock recommendations were not suitable for the […]

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Farmers Financial Broker Barred In Investigation

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Casey Wayne Walker of Lake Lotawana Missouri a broker formerly registered with Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Walker chose not to cooperate with FINRA in an investigation into Walker’s possible misconduct pertaining to premium […]

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Alexander Capital Broker Barred In Boilerroom Investigation

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Alejandro Castillero of New York New York a stockbroker formerly employed by Alexander Capital has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Castillero failed to testify in a FINRA investigation into accusations of (1) Castillero making unauthorized trades in a […]

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Investors Accuse Wells Fargo Of Misconduct

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kerry John Mangano of Irvine California a stockbroker formerly registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on July 8, 2016 where the customer sought damages estimated to exceed $5,000.00 founded on allegations that Mangano failed to execute the customer’s over-the-counter equities trades according to the […]

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Wells Fargo Advisors Broker Barred By SEC For Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barbara Ann Endres of Grand Junction Colorado a stockbroker formerly registered with Wells Fargo Advisors LLC and investment adviser representative of Lifetime Wealth Advisors LLC has been barred by Securities and Exchange Commission (SEC) in all capacities according to an Order Instituting Administrative Proceedings Pursuant to Investment Advisers Act of 1940 Section 203(f) containing findings […]

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Investors Sue FSC Securities For Unauthorized Trading

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barry George Hartman of Missoula, Montana a stockbroker formerly employed by FSC Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon allegations that Hartman executed unauthorized sales of securities to customers of the firm. Financial Industry Regulatory Authority (FINRA) Arbitration No. […]

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Investors Accuse Wells Fargo Of Churning Customer Accounts

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Edward Morrow of New York New York a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on August 5, 2016 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that stock trades were executed in the customer’s UGMA […]

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FINRA Bars Spartan Capital Broker In Investigation

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Caeron Arlington McClintock of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that McClintock failed to provide FINRA with information that was requested of him. Case No. 2016051468601 (Nov. 6, 2017). […]

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UBS Broker Fined By FINRA For Outside Investment Accounts

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Guy Stanley Waltman of Princeton New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Waltman failed to disclose his trading of a customer’s accounts at an outside firm. […]

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Wells Fargo Pays Investors In Fraud Claim

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Herbert Charles Buchbinder of Mission Woods Kansas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related written complaint which was resolved on October 25, 2016 for $24,999.00 in damages founded on accusations that the customer sustained losses from the equity investments the customer purchased as a result […]

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Wells Fargo Pays Victim of Annuity Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Leonard Charles Kinsman of Staten Island New York a stockbroker currently registered with Wells Fargo Advisors Financial Networks LLC is the subject of a customer initiated investment related written complaint which was settled for $24,000.00 on February 22, 2017 founded on allegations that the customer was provided false or misleading information concerning the principal protection […]

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FINRA Fines Kestra For Overcharging Customers

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kestra Investment Services LLC a brokerage firm headquartered in Austin Texas has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that the firm overcharged customers on mutual fund purchases. Letter of Acceptance Waiver and Consent No. 2016048404601 (Feb. 13, 2019). According to the AWC, from July 1, 2009 to […]

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SEC Nails Newport Coast Director For Illegal Fees

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Alexander Tarpinian of New York New York a former Newport Coast Securities Managing Director has been censured and fined $25,000.00 by Securities and Exchange Commission (SEC) according to an Order Instituting Administrative Cease and Desist Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act of 1940 Section 203 containing […]

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Columbus Advisory Group Sued For $22.5 Million Private Placement Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Patrick Murphy of New York New York the Chief Executive Officer of Columbus Advisory Group Ltd. is the subject of a customer initiated investment related arbitration claim where the customer requested $22,500,000.00 in damages supported by accusations that the customer had been placed in direct participation program or limited partnership interests that were not […]

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Viewtrade Securities Fires Broker For Unsuitable Recommendations

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Keith Scott Mency of Jersey City New Jersey a stockbroker formerly employed by Viewtrade Securities Inc. since September 30, 2015 has been discharged by the firm on June 2, 2016 founded on accusations that Mency effected unsuitable trades in customer accounts. This is not the first time that Mency has been terminated by a brokerage […]

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Investors Sue Ameriprise For REIT Sales

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Carroll Thomas Clark Jr. (also known as Tom Clark) of Miami Florida a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) investment recommendations concerning real estate securities were not suitable for the customer […]

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Investor Accuses JP Morgan Of Mutual Fund Misconduct

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel YJ Kim of Flushing New York a stockbroker currently employed by J.P. Morgan Securities LLC is the subject of a customer initiated investment related complaint on May 5, 2016 in which the customer requested $50,000.00 in damages based upon accusations that unsuitable investment recommendations were made to the customer concerning mutual fund trades executed […]

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Northwestern Broker Caught Selling Away

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kejuan Yang of New York New York a former Northwestern Mutual Investment Services registered representative has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Yang sold away from T3 Trading Group. Letter of Acceptance Waiver and Consent No. 2016050545001 […]

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FINRA Fines MetLife Broker For Outside Business Activities

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dung Thanh Nguyen of Houston Texas a stockbroker formerly registered with MetLife Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen engaged in undisclosed outside business activities while employed by the firm. Letter of Acceptance Waiver and Consent No. 2016050536901 (Apr. […]

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Arive Sued By Investors For Unsuitable Investments

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mirsad A. Muharemovic of Coram New York a stockbroker currently employed by Arive Capital Markets is referenced in a customer initiated investment related arbitration claim which was settled for $1,000,000.00 in damages founded on allegations that stock transactions executed in the customer’s account were not suitable for the customer given the customer’s objectives for investing. […]

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Investors Sue LPL Financial For REIT Misconduct

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jordan John Boyle of Saratoga Springs Utah a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 23, 2019 in which the customer requested $10,000.00 in damages founded on accusations that between September 10, 2014 and January 18, 2019, the customer was provided unsuitable […]

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FINRA Catches MML Broker Selling Away Woodbridge Notes

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Powell engaged in private securities transactions while associated with the firm. Letter of Acceptance Waiver and Consent No. […]

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H. Beck Sued By Investors REIT Misconduct

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Charles Schumann of Wheaton Illinois a stockbroker currently employed by H. Beck Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $63,000.00 in damages based upon accusations that Schumann made poor investment recommendations to the customer concerning mutual funds as well as a variable annuity and non-traded real […]

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Corinthian Partners Broker Caught Selling Promissory Notes

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Anthony Gallo of New York New York a stockbroker formerly registered with Corinthian Partners LLC has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations concerning promissory notes that had been sold by […]

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Investors Sue Portfolio Advisors Alliance For Churning

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Belesis of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by allegations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) transactions were negligently […]

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AXA Advisors Accused Of Insurance Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Klein of New York New York a stockbroker currently employed by AXA Advisors LLC is the subject of a customer initiated investment related written complaint which was settled for $25,261.00 on September 13, 2016 based upon allegations that misrepresentations were made to the customer concerning a life insurance policy that the customer purchased. Financial […]

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Wilmington Capital Broker Fined For Outside Business Activities

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas John Lisa Jr. of New York New York a stockbroker currently employed by Wilmington Capital Securities LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Lisa’s consent to findings that he engaged in an outside business activity without disclosing it to […]

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Cambridge Investment Research Sued By Investors For Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dale Edward Wright of Henrico Virginia a stockbroker currently registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $112,164.00 in damages supported by accusations that (1) trades executed in the customer’s account were not suitable for the customer (2) fiduciary duties were breached […]

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Ameritas Sued By Investors For Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Charles Harary of New York New York a stockbroker formerly employed by Ameritas Investment Corp. is referenced in a customer initiated investment related arbitration claim which was settled to resolve accusations that (1) contractual obligations to the customer had been breached (2) fiduciary duties were breached (3) account transactions were handled negligently (4) the […]

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Morgan Stanley Fires Broker For Trading Dead Customer’s Account

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Patrick Reilly of New York New York a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on May 18, 2018 supported by allegations that Reilly executed trades in a deceased customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Reilly is referenced in two customer initiated investment […]

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Lincoln Financial Advisors Sued For Misrepresentation

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Walter Barrett of Red Bank New Jersey a broker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on accusations that while Barrett was associated with the firm: (1) the costs and fees of investments purchased by the […]

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Investor Sues Hennion Walsh For Muncipal Bond Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marc S. Strafaci of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $83,000.00 in damages supported by accusations that Strafaci made unsuitable investment recommendations to the customer concerning municipal debt products that the customer ultimately purchased and […]

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United Planners Broker Caught In Promissory Note Scheme

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by United Planners’ Financial Services of America A Limited Partner has been discharged from employment on August 2, 2018 supported by allegations that (1) Thomas maintained a number of private investments and loans with customers of United Planners’ Financial Services of America wherein those investments […]

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Crown Capital Broker Caught In Alternative Investment Scheme

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Edward Burns III of Orange California a stockbroker currently registered with Crown Capital Securities LP has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he was negligent in his confirmation of customer assets on customers’ alternative investment account […]

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Investors Accuse Capital One Of Misconduct In Connection With Bond Sales

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony N. Macaluso of Floral Park New York a stockbroker formerly employed by Capital One Investing LLC is referenced in a customer initiated investment related written complaint on January 4, 2017 in which the customer requested unspecified damages supported by accusations that the customer’s managed wrap account held investments that were not suitable for the […]

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Sigma Financial Sued For Failure To Conduct Due Diligence

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Harvey Allan Kaluzna of Northbrook Illinois a stockbroker currently employed by Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages based upon accusations that (1) misrepresentations had been made to the customer concerning unit investment trust and real estate security investments held in […]

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Lombard Terminates Broker For Unauthorized Churning Of Customer Accounts

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Eric Alan Zakarin of Cranford New Jersey a stockbroker formerly registered with Lombard Securities Incorporated has been terminated by the firm on October 10, 2018 based upon allegations that (1) Zakarin generated excessive commissions from customers and (2) Zakarin executed trades in customer accounts that customers’ possibly had not authorized. This is not the first […]

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Stifel Nicolaus Sued By Investors For Securities Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Joseph Dorsey of Honolulu Hawaii a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on accusations of (1) violation of New York Stock Exchange (NYSE) and FINRA Rules (2) violation of federal and state securities […]

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Merrill Lynch Broker Barred For Mutual Fund Fraud

February 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bhenoy Dembla (also known as Ben Dembla) of Chicago Illinois a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Dembla violated the firm’s mutual fund policies by entering and cancelling fake […]

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Windsor Street Caught Engaging In Outside Business Activities

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Imtiaz A. Khan (also known as Raana Khan) of New York the former executive vice president and managing partner at Windsor Street Capital LP has been fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Order Accepting Offer of Settlement containing findings that (1) […]

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Investors Catch MML Twisting Annuity Policies

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas John Leone of Farmington Connecticut a stockbroker formerly registered with MML Investors Services is referenced in a customer initiated investment related written complaint which was settled on May 10, 2018 to resolve accusations that (1) the customer’s assets had been inappropriately transferred a number of times between annuities and mutual funds and (2) the […]

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Royal Alliance Broker Fired For Appointing Himself Beneficiary

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Erven Joseph Frericks Jr. of Chesterfield Missouri a stockbroker formerly employed by Royal Alliance Associates Inc. has been discharged by the firm on May 11, 2018 supported by allegations that Frericks urged a customer to designate him as the beneficiary of half of the assets held in the customer’s annuity account. Financial Industry Regulatory Authority […]

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FINRA Bars Craig Scott Capital Broker For Churning

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Edward Beyn of New York New York a stockbroker formerly registered with Craig Scott Capital LLC is the subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirms FINRA’s Hearing Panel’s decision to bar Beyn because (1) Beyn effected excessive trades in customer accounts (2) Beyn churned customers’ investment portfolios and […]

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State Farm Broker Fired For Misuse Of Investor Funds

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Perry Davis Stalvey of Bloomington Illinois a stockbroker formerly registered with State Farm VP Management Corp. was discharged on February 6, 2018 based upon the firm’s allegations that Stalvey misused money that was provided to him by a customer of the firm pertaining to an investment transaction. FINRA Public Disclosure reveals that Stalvey is also […]

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FINRA Bars Cetera Broker In Investigation

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Joseph Kolquist of Duluth Minnesota a stockbroker formerly employed by Cetera Advisor Networks LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kolquist failed to provide FINRA with information that was requested of him. Case No. 2015047359901 (Aug. 1, 2016). According to […]

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Ameriprise Broker Admits To Unauthorized Trading of Customer Accounts

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy John Knutson of Saint James Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized transactions in Ameriprise Financial Services’ customer accounts. Letter […]

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Pruco Securities Broker Barred In Customer Loan Investigation

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Denise Marie Peskar of Mayfield Heights Ohio a broker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to respond to a FINRA information request. Letter of Acceptance Waiver and Consent No. 2018059051901 (Dec. 21, 2018). […]

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LPL Financial Broker Barred In Investigation

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Keith Allen Haynes Jr. of Winchester Kentucky a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not cooperate with a FINRA inquiry into his activities likely concerning the allegations cited in his termination from […]

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LPL Financial Fires Brokers For Sales Practice Violations

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that LPL Financial LLC, a FINRA member brokerage firm headquartered in Boston, Massachusetts, terminated broker Joe Percy Medrano for allegedly engaging in discretionary trading, and Jason Reed Nelson based on accusations of misrepresentation. Joe Percy Medrano Terminated For Exercising Discretion In Customer Accounts Joe Percy Medrano of […]

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MML Broker Caught Selling Away

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Leon White of Little Rock Arizona a broker formerly employed by MML Investors Services LLC has been fined $5,000.00 by Arkansas based upon consenting to the Arkansas Securities Department’s findings that White sold away from his firm. Case No. S-18-0105 (Oct. 17, 2018). According to the Order, prior to White having become registered with […]

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Wells Fargo Broker Barred For Lying About Prior Misconduct

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Alfredo Caba of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Caba lied to Wells Fargo about being terminated for cause from J.P. Morgan Securities, […]

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UBS Broker Fired For Hiding Customer Complaints

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Tami Lynne Aloisa of Norfolk Virginia a stockbroker formerly registered with UBS Financial Services has been discharged by the firm on August 17, 2017 supported by allegations that (1) Aloisa failed to abide by the firm’s policies concerning customer complaints (2) Aloisa used unauthorized communication channels and (3) Aloisa provided unapproved documentation to a person […]

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Investors Accuse Raymond James Of Churning

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ryan Davis Wold of Edina Minnesota a stockbroker formerly employed by Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint which was settled for $27,000.00 on June 28, 2018 supported by accusations that between 2014 and 2017: (1) transactions were effected in the customer’s account that were not suitable […]

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USA Financial Broker Fined For Outside Business Activities

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lorraine Annette Conaway (also known as Lorraine Annette Espinoza) of Tustin California a stockbroker formerly employed by USA Financial Securities Corporation has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to FINRA’s findings that Conaway engaged in undisclosed outside business activities and […]

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Customers Sue Hennion Walsh For Bad Investments

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that stockbrokers John Dimitrious Tsoukalas and Vincent Wallace are referenced in customer initiated investment related disputes pertaining to allegations of their unsuitable sales practices while they were registered with Hennion Walsh – a Financial Industry Regulatory (“FINRA”) brokerage firm headquartered in Parsippany, New Jersey. More Customers Sue […]

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FINRA Bars MetLife Stockbroker For Elder Abuse

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that (1) Orlando made unsuitable investment recommendations to an elderly customer and […]

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Lincoln Financial Sued For Bad Investment Advice

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Imran Nazir Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly employed by Lincoln Financial Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 based upon accusations that Razvi or another broker made unsuitable investment recommendations to the customer concerning […]

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Craig Scott Capital Broker Barred By FINRA

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Scott Taddonio of New York New York a stockbroker formerly employed by Craig Scott Capital LLC is referenced in a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirms FINRA’s Hearing Panel’s barring of Taddonio in all capacities based upon (1) Taddonio failing to reasonably supervise the firm and (5) Taddonio failing […]

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UBS Fires Broker For Outside Business Activities

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Jackson Baxter of Fresno California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on November 29, 2017 based upon allegations that he engaged in outside business activities in 2017 after his requests for engaging in those activities had already been denied by the firm. Financial Industry Regulatory […]

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Allstate Broker Barred For Failure To Comply With Inquiry

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Benham Halali of San Jose California a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Halali failed to cooperate with FINRA’s inquiry into his activities. Case No. 2015047264301 (Sept. 1, 2016). FINRA Public Disclosure additionally […]

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Meyers Associates Supervisor Barred For Failure To Supervise

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Meyers of New York New York a broker formerly registered with Meyers Associates L.P. (now known as Windsor Street Capital L.P.) has been fined $20,000.00, barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity, and suspended from associating with any FINRA member for six months according to a […]

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Deutsche Bank Broker Accused By Investor Of Forgery

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul P. Ruane of New York New York a stockbroker formerly employed by Deutsche Bank Securities Inc. is referenced in a customer initiated investment related written complaint on June 19, 2015 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that Ruane executed transactions in a customer’s account with knowledge that the […]

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Raymond James Broker Charged With Hindering Investigation

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Vincent Joseph Storms of Saint Petersburg Florida a broker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Storms falsified information to FINRA in regard to his handling of outside business activities supervisory procedures and (2) Storms neglected to […]

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Bankers Securities Blamed For Buying Wrong Security

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mohsen Babaeian of Northridge California a stockbroker currently employed by Bankers Life Securities Inc. is the subject of a customer initiated investment related written complaint on June 27, 2018 where the customer sought $12,750.00 in damages based upon allegations that (1) Babaeian placed the customer in an Allianz Variable Indexed Linked Annuity contrary to the […]

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FINRA Suspends Wells Fargo Broker For Dodging Inquiry

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Herbert H. Hafen of New York New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hafen failed to provide a response to FINRA after an inquiry was made into his activities possibly […]

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Edward Jones Brokers Terminated For Misconduct

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that registered representatives of Edward Jones including Bruce Stanley Jakiel, Derek Strubel, John Burton Enoch Cestia II, Leslie Greenman and Tahnee Allman have been terminated by the firm founded on Edward Jones’ allegations of their violative conduct while they were employed by the firm. Bruce Stanley Jakiel […]

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Ameriprise Broker Suspended For Failure To Pay Customer Settlement

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frederick Michael Miller of Flint Michigan a stockbroker formerly registered with Ameriprise Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Miller failed to report to FINRA whether he complied with a settlement agreement or an arbitration award. Case No. […]

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LPL Financial Broker Targeted In Unauthorized Trading Action

February 05, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Louis Mark Miller of Jericho New York a stockbroker formerly employed by LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (“FINRA”) Wells Notice in which FINRA has made an initial determination to suggest that FINRA Department of Enforcement bring a disciplinary action against Miller for obstructing an investigation and making unauthorized trades […]

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Ameriprise Financial Sued For Risky Investments

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jack Alan Quick of New Home Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $214,180.00 in damages supported by accusations that (1) Quick made investment recommendations to the customer that were not suitable regarding variable annuities, variable life insurance, […]

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Portfolio Advisors Alliance Sued By Investors For Churning

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages supported by accusations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) the […]

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Lovett Advisors Terminates Advisor Over Investment Contracts

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Deborah Ann Deckman (also known as Deborah Ann Capak) of Wilmington Delaware a stockbroker formerly employed by Spire Securities LLC and former investment adviser representative of Lovett Advisors LLC has been terminated by Lovett Advisors LLC on January 12, 2018 supported by accusations that Deckman engaged in misconduct with regard to investment contracts. Financial Industry […]

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FINRA Sanctions Ditto Trade CEO For Failure to Pay Arbitration Award

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Yosef Yehuda Fox (also known as Joseph J. Fox) of Chicago Illinois the Chief Executive Officer and Chief Compliance Officer employed by Ditto Trade Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Fox failed to pay an Arbitration Award after having been […]

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Investors Sue Wells Fargo For Mutual Fund Fraud

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Harold Weber of Airmont New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that between December of 2012 and June of 2016: (1) transactions were executed in the customer’s account that were not […]

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Regulator Seeks Denial Of LPL Financial Broker Registration

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Philip Antypas of Brentwood Tennessee a stockbroker formerly registered with LPL Financial LLC is the subject of a Tennessee Department of Commerce and Insurance Securities Division disciplinary action where the regulator is seeking the denial of Antypas’ securities registration based upon accusations that (1) during the time Antypas was associated with LPL Financial LLC […]

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Hennion Walsh Fined For Failure To Supervise UITs

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Hennion Walsh Inc. a broker dealer headquartered in Parsippany New Jersey has been censured and fined $165,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that (1) Hennion Walsh’s registered representatives made unsuitable investment recommendations concerning the switching of unit investment trusts in customers’ accounts and (2) Hennion Walsh neglected […]

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FINRA Bars Ameritas Broker In Theft Investigation

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kristian M. Gaudet of Cut Off Louisiana a stockbroker formerly registered with Ameritas Investment Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Gaudet failed to cooperate with a FINRA investigation into allegations of Gaudet’s misuse of customer funds during the […]

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David Lerner Associates Accused Of Unauthorized Trading

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Martin Kevin Walcoe of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is referenced in a customer initiated investment related written complaint on August 9, 2016 where the customer requested unspecified compensatory damages founded on accusations that unauthorized trades of equities and government-debt products had been executed in the customer’s account. […]

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Bolton Global Broker Admits to Unauthorized Trading

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Anthony Zaro of Plymouth Massachusetts a stockbroker formerly employed by Bolton Global Capital has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Zaro signed customers’ names on account documentation without authorization to effect transactions in […]

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Oppenheimer Sued By Investors For Misconduct

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Matthew Keeler Sr. of Stamford Connecticut a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $542,000.00 in damages based upon allegations that (1) unauthorized oil and gas, mutual fund and equity trades were effected in the customer’s account (2) […]

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J.P Morgan Broker Caught Mismarking Trades Unsolicited

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Leon Bess II of Edmond Oklahoma a stockbroker formerly registered with J.P. Morgan Securities has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bess mismarked customer’s order tickets concerning exchange traded fund purchases. Letter of Acceptance Waiver and […]

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UBS Fires Broker For Unapproved Customer Correspondence

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kimberly Rae Nelson of Century City California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on August 18, 2016 supported by accusations that Nelson failed to conform to the firm’s policies by (1) creating and disseminating unauthorized investment information to customers and (2) corresponding with customers in a […]

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Boenning Scattergood Pays Back Excessive Commissions

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Wayne Vance of Newtown Pennsylvania a stockbroker currently registered with Boenning Scattergood Inc. is referenced in a customer initiated investment related complaint involving Vance’s activities that was settled on February 27, 2018 for $9,138.67 in damages based upon accusations that (1) the customer’s portfolio was allocated in unsuitable mutual fund investments given the customer’s […]

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RP Capital Pays $5.8 Million In Alternative Investments Lawsuit

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Aaron Douglas Maurer of Aliso Viejo California a stockbroker formerly registered with RP Capital LLC is referenced in a customer initiated investment related written action brought in the District Court of Portland Oregon which was resolved for $5,795,000.00 on October 18, 2017 founded on allegations that (1) Maurer made misrepresentations to the customer concerning promissory […]

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MML Accused By Investors Of Annuity Fraud

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Curt Giacobbe a stockbroker currently registered with MML Investors Services LLC is referenced in a customer initiated investment related written complaint on August 25, 2016 in which the customer requested damages estimated to exceed $5,000.00 founded on allegations that Giacobbe misrepresented information about a variable annuity that had been purchased by the customer and the […]

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Investors Sue Southeast Investments Risky Recommendations

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Ian Siegel of Boca Raton Florida a stockbroker currently registered with Southeast Investments NC Inc. is referenced in a customer initiated investment related arbitration claim in which the customer was awarded $14,482.00 in damages based upon findings that while Siegel was associated with Southeast Investments NC Inc: (1) Siegel failed to inform the customer […]

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Raymond James Broker Fired For Falsifying Customer Information

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Barry Walter Wold of Edina Minnesota a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on January 5, 2018 founded on accusations that (1) Wold did not abide by the firm’s policy concerning the switching of customers’ commission-based account to fee-based accounts (2) Wold potentially falsified information about his […]

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BBVA Blamed By Investors For Risky Investments

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James David Armer of Albuquerque New Mexico a stockbroker formerly registered with BBVA Securities Inc. is referenced in a customer initiated investment related written complaint on December 7, 2018 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that while associated with BBVA Securities Inc. Armer failed to inform the customer about […]

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Investors Sue TCM Securities For Massive Bond Fraud

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Hal Heafner (also known as Jim Heafner) of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc and former investment adviser representative of Retirement Wealth Advisors is the subject of a customer initiated investment related arbitration claim in which the customer requested $268,015.79 in damages founded on allegations that (1) inappropriate […]

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Edward Jones Broker Barred In FINRA Theft Investigation

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Thomas Walters II of Macon Georgia a stockbroker formerly employed by Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Walters neglected to provide a response to FINRA’s information request possibly concerning his termination from Edward Jones. FINRA Case No. 2018058353701 […]

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Investor Accuses Securities America Of Risky Recommendations

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Barry Haynes of Columbus Georgia a stockbroker formerly registered with Securities America Inc. is referenced in a customer initiated investment related written complaint on September 13, 2018 where the customer sought $13,180.00 in damages founded on allegations that the customer’s funds had been inappropriately allocated in speculative equities investments which led the customer to […]

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Wells Fargo Broker Terminated For Unauthorized Trading

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Solomon Wei-En Hua (also known as Wei-En Hua) of West Covina California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been terminated by the firm on May 22, 2018 during the time that Hua was subject of an internal investigation into Hua possibly (1) trading in customer accounts without authorization (2) inappropriately […]

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H. Beck Fires Broker For Altering Customer Documents

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Clifford Smith of Southern Pines North Carolina a stockbroker formerly employed by H. Beck Inc. has been discharged by the firm on September 8, 2016 founded on accusations that Smith altered customer account documentation in violation of H. Beck policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Smith has been identified in […]

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Merrill Lynch Broker Admits To Altering Customer Documents

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Adriane L Cagle of Peachtree City Georgia a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Cagle altered customer account documents without authorization. Letter of […]

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SEC Bars Wells Fargo Advisors Broker For Fraud

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and […]

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Merrill Lynch Broker Admits To Lying To Regulators

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Bert Feldman of Virginia Beach Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he misrepresented his involvement in a customer’s trust specifically […]

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Mass Mutual Fires Broker For Lying to Customers

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Chad T. Mackland of Omaha Nebraska a stockbroker formerly registered with Mass Mutual has been discharged by the firm on September 4, 2018 based upon Mass Mutual’s accusations that misrepresentations had been made to customers by Mackland in regard to the terms and conditions of traditional life insurance policies which had been sold by Mackland […]

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FINRA Bars Rogue Broker In Investigation

January 29, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Abed William Lulu of Melville New York a stockbroker formerly employed by Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Lulu failed to provide information to FINRA that had been requested of him. Case No. 2017055568801 (May 7, 2018). […]

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UBS Sued By Investors For Negligence

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lane Robert Goldstein of Beverly Hills California a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which sought $240,000 in damages but which was resolved for $35,000.00 based upon accusations that between 2007 and 2016: (1) inappropriate investments were placed in the customer’s account (2) […]

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FINRA Nails Morgan Stanley Stockbroker For Lying

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Scott Taylor of Dallas Texas a stockbroker formerly employed by Morgan Stanley Smith Barney has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Order Accepting Offer of Settlement containing findings that Taylor: (1) failed to disclose information about being a beneficiary, […]

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Wells Fargo Accused Of Preferred Stock Fraud

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sanjay Mathur of Newport Beach California a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related complaint on August 3, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that between July 12, 2016 and August 2, 2017: (1) Mathur placed the […]

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FINRA Bars Joseph Stone Broker In Investigation

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Vincent Paul of Mineola New York a stockbroker formerly registered with Joseph Stone Capital L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Paul failed to comply with FINRA’s request for information potentially relating to Paul’s employment separations after being subject of […]

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UBS Financial Accused Of Ripping Off Customers

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Albert Pastor of Davison Michigan a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 7, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between April 13, 2010 and December 16, 2016, Pastor charged the […]

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Wells Fargo Broker Suspended By Nevada Regulators

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Raleigh Edward Kraft of Front Royal Virginia a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC has been suspended for two years from all supervisory capacities in the state of Nevada according to an Administrative Consent Order issued by the Nevada Secretary of State containing findings that Kraft had been subject of several […]

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IFS Securities Broker Barred In Investigation

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Phillip Vogel of Pittsford New York a stockbroker formerly employed by IFS Securities, Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Vogel neglected to provide FINRA with information about his business activities possibly relating to allegations cited within Vogel’s discharge from […]

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Investors Accuse Edward Jones Of Annuity Misconduct

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert L. Friederich of Lake Zurich Illinois a stockbroker formerly registered with Edward Jones is the subject of a customer initiated investment related complaint which was settled on September 22, 2017 for $18,827.28 in damages founded on allegations that Friederich made inappropriate investment recommendations concerning the customer’s sale of mutual funds and purchase of single […]

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Crazy Pro Se Customer Sues Brokerage Firm Over Chinese Penny Stock

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jason Hallmark of Los Angeles California fileda customer initiated investment related arbitration claim against John David Rukenbrod of Cleveland Ohio a stockbroker formerly employed by Financial America Securities Inc. where Hallmark sought $337,500.00 in damages because Rukenbrod caused the “unauthorized and allegedly fraudent transfer of 450,000 common stock shares in AMARU, Inc.,” a Chinese Penny […]

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FINRA Bars Hornor Townsend Broker In Investigation

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Andrew Scott Jensen of Atlanta Georgia a stockbroker formerly employed by Hornor Townsend Kent Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Jensen neglected to provide information to FINRA after it was formally requested of him by the regulator. Case No. 2016049110601 […]

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DesPain Broker Barred In Woodbridge Promissory Note Investigation

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by DesPain Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Weiser failed to cooperate with FINRA’s investigation into accusations of hm selling promissory notes and securities interests away from […]

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Ameriprise Accused Of Variable Annuity Twisting

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sherry Dee Johnson (also known as Sherry D. Sandwick) of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on September 22, 2016 where the customer sought $16,093.40 in damages founded on allegations that Johnson’s existing annuity was surrendered and transitioned into […]

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Citigroup Global Broker Suspended For Dodging Suitability Inquiry

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Joseph Coleman of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Coleman obstructed a FINRA inquiry into his activities which possibly concerned his termination from Citigroup Global […]

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Investor Accuses LPL Financial Of Index Annuity Fraud

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Frank Welsh of Williamsville New York a stockbroker currently employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on November 14, 2016 where the customer requested damages estimated to exceed $5,000.00 founded on accusations that Welsh was placed into an indexed annuity that was not suitable for […]

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Cetera Accused By Investor Of Annuity Misconduct

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David Lane Gabay of Tarrytown New York a stockbroker currently employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on September 12, 2018 in which the customer sought $52,500.00 in damages based upon accusations that Gabay was placed into a variable annuity that was not suitable for the customer […]

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Merrill Lynch Broker Fined For Outside Business Activities

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Carnell Moore of Tampa Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Moore engaged in unauthorized outside business activities. Letter of Acceptance Waiver and Consent No. […]

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FINRA Nails Supervisor For Ignoring Misconduct Of Top Producer

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey Duane Jacobson of Minneapolis Minnesota a stockbroker formerly employed by Dougherty Company LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jacobson failed to supervise a registered representative that executed unsuitable investment transactions in a customer’s investment […]

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Santander Securities Continues To Be Sued By Investors For Fraud

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Luis Currais Lopez of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $65,000.00 in damages supported by accusations that (1) fiduciary duties were breached (2) the customer was falsely induced into inaction upon discovering volatility in the customer’s […]

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World Capital Broker Barred For Falsifying Documents

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Isidore Lamendola of Cranberry Township Pennsylvania a stockbroker formerly registered with World Capital Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Lamendola made misrepresentations to a customer and falsified documents pertaining to a customer’s annuity purchase and […]

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Investors Sue VSR Financial For Failure to Conduct Due Diligence

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $2,600,000.00 in damages founded on allegations that (1) misrepresentations and omissions had been made to the customer concerning investments (2) real estate security and direct […]

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Investors Accuse Citi International Of Making Risky Recommendations

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jaime M. Musa of Miami Florida a stockbroker currently registered with Citi International Financial Services LLC is the subject of a customer initiated investment related written complaint on February 10, 2018 where the customer requested $182,942.92 in damages based upon accusations that Musa’s recommendation for the customer to purchase Qwest Corp securities was inappropriate given […]

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BMO Harris Financial Blamed For Annuity Investment

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Dennis Benish of Janesville Wisconsin a stockbroker formerly employed by BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related complaint on September 23, 2016 where the customer sought $44,000.00 in damages based upon allegations that (1) the terms and conditions of a variable annuity investment sold to the customer had […]

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Investors Sue Oppenheimer For Failure to Supervise ETF Trades

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Francis Lowe of New York New York a stockbroker and supervisor currently registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages founded on accusations that Lowe failed to supervise one of the firm’s financial advisors servicing the customer’s account who […]

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Investors Accuse Invest Financial Of Unauthorized Trading

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Johnathon Leland Cope of Canton Georgia a stockbroker formerly registered with Invest Financial Corporation is referenced in a customer initiated investment related complaint on February 19, 2016 in which the customer sought $8,015.32 in damages supported by allegations that Cope effected the sale of a mutual fund in the customer’s account without procuring the customer’s […]

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NTB Financial Caught Overcharging Customers

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

NTB Financial Corporation of Centennial Colorado has been censured and fined $45,000.00 by Financial Industry Regulatory Authority (FINRA) supported by allegations that the firm overcharged customers on corporate bond transactions. Letter of Acceptance Waiver and Consent No. 2015047738901 (Dec. 10, 2018). Letter of Acceptance Waiver and Consent No. 2015047738901 (Dec. 10, 2018). According to the […]

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LPL Financial Sued By Investors For Annuity Fraud

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary T. Plessl of Allentown Pennsylvania a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim on February 28, 2017 where the customer sought $250,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning the customer’s investments in variable annuities and […]

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Regulator Nails Cantone Research For Private Placement Fraud

January 28, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Cantone Research Inc. a FINRA member brokerage firm headquartered in Tinton Falls New Jersey and its president Anthony Joseph Cantone have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to a National Adjudicatory Council Decision containing findings that (1) the firm and Cantone made misrepresentations concerning securities sold through private placements (2) the firm […]

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FINRA Catches Edward Jones Broker Altering New Account Forms

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Logan of Silverdale Washington a stockbroker formerly employed by Edward Jones has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon consenting to findings that Logan effected unauthorized trades in customer accounts and caused customers to sign incomplete […]

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Investors Sue World Equity Group For Negligence

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Steven Babjak Jr. of Arlington Heights Illinois the president of World Equity Group Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $14,500.00 in damages supported by accusations that contractual obligations to the customer had been breached and the customer’s account was handled in a negligent manner. Financial […]

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FINRA Bars LPL Financial Broker For Failure To Respond

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Allen Zale of Mesa Arizona a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Zale failed to provide FINRA with information requested of him. Case No. 2016050228801 (Mar. 17, 2017). According to FINRA Public Disclosure, […]

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Wells Fargo Sued By Investors For Annuity Misconduct

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Richard William Schloss of Canton Ohio a stockbroker formerly employed by Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was settled to resolve allegations that Schloss inappropriately placed the customer’s assets in a variable annuity which exposed the customer to unnecessary surrender penalties and illiquidity. Financial […]

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FINRA Bars Morgan Stanley Broker In Investigation

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts […]

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Investors Sue BMO Harris Over Handling Of Trust Accounts

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Robert Kowitt of Libertyville Illinois a stockbroker formerly registered with BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested as much as $70,000.00 in damages supported by allegations that Kowitt breached his contractual obligations to the customer and violated regulatory rules and securities […]

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NYLife Broker Fired For For Outside Business Activities

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Wayne Brink of Stockton California a prior broker of NYLife Securities LLC has been discharged by the firm on December 29, 2016 founded on accusations that (1) Brink engaged in outside business activities without having procured the firm’s permission and (2) Brink violated the firm’s policy by engaging in activities when Brink took possession […]

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Spartan Capital Broker Barred For Lying To Regulators

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Gonzalez of New York New York a stockbroker formerly employed by Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and falsified testimony to FINRA personnel in the course of […]

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LPL Sued By Investors For Wrongful ETF Strategy

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Cory Ryan Burnell of Valley Springs California a stockbroker formerly registered with LPL Financial LLC and investment adviser representative of Blueprint Wealth Partners LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages based upon allegations that Burnell was responsible for the bad investment recommendations pertaining […]

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SunTrust Broker Discharged For Altering Investor Documentation

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ahmet Kildis of Hudson Florida a stockbroker formerly registered with SunTrust Investment Services Inc. has been discharged by the firm on March 13, 2018 based upon accusations that Kildis modified a customer’s signed documentation in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kildis has been identified in two […]

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Regulator Fines NYLife Broker For Outside Business Activities

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Grant P. Talbert of Lexington Kentucky a stockbroker formerly registered with NYLife Securities LLC has been fined $15,000.00 and suspended for sixteen months from being an investment adviser representative, investment adviser, agent or broker-dealer in the State of Kentucky based upon findings that (1) Talbert and an investment adviser entered into a solicitor relationship without […]

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Westport Resources Fires Broker For Violating Confidentiality Policy

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Samuel Kent Van Allen of Westport Connecticut a stockbroker formerly registered with Westport Resources Investment Services Inc. has been terminated by the firm on March 23, 2017 during the time that Westport Resources Investment Services investigated Van Allen for utilizing confidential customer information in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public […]

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Sigma Financial Broker Fined For Unauthorized Trading

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Joseph Rusnak of St. Charles Illinois a stockbroker formerly registered with Sigma Financial Corporation has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rusnak executed unauthorized trades in the accounts of Sigma Financial Corporation customers. Letter of Acceptance […]

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Investors Sue Newbridge Securities Corporation For Fraud

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Sebastian George Bongiovanni of Staten Island a stockbroker currently employed by Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $91,000.00 in damages supported by accusations that (1) investment recommendations made to the customer were not suitable (2) unauthorized trades were executed in the customer’s account (3) […]

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Massachusetts Requires Special Supervision of TFS Securities Broker

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Joseph Mulkeen of Monroe New York a stockbroker currently registered with TFS Securities Inc. is the subject of a Consent Order issued by Massachusetts Securities Division which required that he be placed on heightened supervision at TFS Securities Inc. as a condition of registering with the state based upon findings that Mulkeen was subject […]

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Voya Financial Broker Caught Selling Away

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Suresh Basnet of Southfield Michigan a stockbroker formerly employed by Voya Financial Advisors has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Basnet engaged in private securities transactions while associated with CoreCap Investments Inc. Letter of Acceptance Waiver and […]

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Northwestern Broker Barred In Misappropriation Inquiry

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Christopher Ward of Fort Meyers Florida a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to honor FINRA’s requests for information. Case No. 2018058038201 (Sept. 4, 2018). FINRA reportedly lodged an […]

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Investors Sue Sterne Agee Leach For Fraud

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Aaron Lupuloff of Atlanta Georgia a stockbroker formerly registered with Sterne Agee Leach Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $5,005,000.00 in damages based upon allegations that the customer was defrauded by being sold taxable revenue bonds. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02134 (Aug. […]

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New Jersey Charges Former Merrill Lynch Broker With Dishonest Business Practices

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kai Chong Cheng of New York New York a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. and investment adviser representative and president of Affinity Capital Management LLC has been fined $10,000.00 and suspended for five years from registering as an investment advisor according to a New Jersey Bureau of Securities Administrative Consent […]

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FINRA Bars Principal Broker Caught Selling Away

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Eugene Bonner of Campbell California a stockbroker formerly employed by Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bonner neglected to comply with FINRA’s information requests. Case No. 2017052748201 (July 14, 2017). Evidently, FINRA made attempts at procuring information […]

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Investors Sue Oppenheimer For Options Losses

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth A. Rubin of Danbury Connecticut a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $12,500.00 in damages founded on accusations that Rubin made unsuitable options recommendations to the customer. FINRA Arbitration No. 16-03278 (Apr. 19, 2017). Financial Industry Regulatory Authority (FINRA) […]

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Morgan Stanley Broker Fined For Unauthorized Trading

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Fornshell Venable II of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Venable placed unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent No. […]

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FINRA Bars JP Morgan Broker In Theft Investigation

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Patrick Nanto of Del Mar California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Nanto failed to comply with FINRA during an inquiry into Nanto’s activities. Case No. 2017054342001 (May 24, 2018). According […]

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Unregistered Calton Broker Caught By Michigan

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Thomas Schultz of Okemos Michigan a stockbroker formerly registered with Calton Associates Inc. has been fined $10,000.00 by the Michigan Department of Licensing and Regulatory Affairs Corporations Securities and Commercial Licensing Bureau according to an Order based on accusations that Schultz engaged in investment advisory services in the state on behalf of Scott Schultz […]

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David Lerner Associates Sued By Investor For Fraud

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Mass of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages based upon accusations that (1) contractual obligations were breached (2) the customer’s account was handled negligently (3) fiduciary duties had been […]

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Mutual Services Broker Caught Selling Woodbridge Notes

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Lyle Pevey of Sacramento California a stockbroker formerly registered with Mutual Services Inc. has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No. […]

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FINRA Fines CFD Investments For Failure To Supervise

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

CFD Investments Inc. a brokerage firm headquartered in Kokomo Indiana has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise variable annuity recommendations and exchanges made by CFD Investments Inc. brokers. Letter of Acceptance Waiver and Consent No. 2016048224201 (Jan. 10, […]

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NYLife Broker Barred In FINRA Inquiry

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Anthony Rabess of New Windsor Connecticut a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Rabess failed to comply with FINRA’s inquiries about his activities. Case No. 2016050595002 (Sept. 5, 2017). According to FINRA Public […]

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SCF Securities Broker Barred In FINRA Probe

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Tami Susan Balas of Montoursville Pennsylvania a stockbroker formerly registered with SCF Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Balas did not respond to a FINRA inquiry. Case No. 2017056821201 (Nov. 19, 2018). FINRA Public Disclosure reveals that Balas initially […]

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Newbridge Broker Caught Selling Away

January 19, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dennis Allen Hayes of Melville New York a stockbroker formerly registered with Newbridge Securities Corporation has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Hayes sold away from Newbridge Securities Corporation (2) Hayes failed to document his communications with the firm regarding his activities and (3) […]

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Ameriprise Blamed For Bad Investments

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Julie Ann Smith of Durham North Carolina a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint which was resolved on November 16, 2018 for $115,966.29 in damages supported by allegations that Smith utilized an unsuitable market-timing investment strategy involving non-traditional investments which included (1) derivatives […]

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Investors Sue Rhodes Securities For Breach Of Fiduciary Duty

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marilyn Ruth Zehntner of Forth Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages founded on allegations that fiduciary duties owed to the customer had been breached; trades effected in the customer’s account were not […]

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Merrill Lynch Sanctioned In Bribery Theft Scheme For Failure To Supervise

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Merrill Lynch Pierce Fenner Smith Inc. a brokerage firm headquartered in New York New York has been censured and fined $300,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise a registered representative who defrauded a customer of the firm. Letter of Acceptance Waiver and Consent […]

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MML Investors Blamed For Defective Investment Advice

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Nicola Ottavio Caporaso of Melville New York a stockbroker formerly registered with MML Investors is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on January 26, 2018 supported by allegations that (1) Caporaso inappropriately advised customers to surrender their annuity investments and use the proceeds for managed account investments […]

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Investors Accuse Morgan Stanley Of Annuity Fraud

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Jeffrey Clay of Washington District of Columbia a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on January 25, 2017 in which the customer sought unspecified damages based upon allegations that the customer was inappropriately sold a variable annuity investment in July of 2016. […]

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FINRA Fines Morgan Stanley For Failure To Supervise

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Morgan Stanley Smith Barney LLC a brokerage firm headquartered in New York New York has been censured and fined $10,000,000.00 by Financial Industry Regulatory Authority (FINRA) based in part upon the firm’s consent to findings that it failed to supervise its penny stock sales to ensure compliance with federal securities law. Letter of Acceptance Waiver […]

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WFG Sued For Private Placement Fraud

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

James Aloysius Conwell II of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $155,000.00 in damages based upon allegations that (1) misrepresentations and omissions were made to the customer concerning private placement stocks and (2) no sufficient […]

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Investors Accuse Cambridge Investment Research of Misconduct

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Wayne Warther of Akron Ohio a stockbroker formerly registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on November 2, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that the customer was placed in a fixed annuity that was not suitable for […]

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UBS Broker Admits To Unauthorized Trading

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Steven Wishingrad of Beverly Hills California a stockbroker formerly employed by UBS Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent No. […]

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LPL Financial Broker Barred For Elder Theft

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Robert James Wodicker of Arnold Missouri a stockbroker formerly registered with LPL Financial LLC has been fined $80,000.00 and barred from registering as an investment adviser representative or broker-dealer agent in Missouri according to a Final Order to Cease and Desist and Order Awarding Civil Penalties Cost and Other Administrative Relief based on findings that […]

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Investors Sue Windsor Street For Fraudulent Sales Practices

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Harold Steve Jones Jr. of New York New York a stockbroker formerly employed by Windsor Street Capital is referenced in a customer initiated investment related civil action brought in the Pine County District Court in which the customer sought $171,851.00 in damages founded on allegations that Jones engaged in sales practice violations or other unlawful […]

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FINRA Bars HD Vest Broker In Investigation

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Alexander Markle of Anchorage Alaska a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Markle failed to comply with FINRA’s information request. Case No. 2017055286001 (Jan. 12, 2018). FINRA Public Disclosure confirms that FINRA […]

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Investors Sue Sigma Financial Excessive Trading

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Glenn Eugene Kendall of Tinley Park Illinois a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related written complaint on August 4, 2016 where the customer requested $40,000.00 in damages based upon allegations that between 2015 and 2016: (1) Kendall excessively traded over-the-counter equities and stocks in the […]

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FINRA Bars CSSC Chief Executive Officer For Fraud

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

CSSC Brokerage Services Inc. a brokerage firm headquartered in Troy Michigan has been fined $120,000.00 and suspended by Financial Industry Regulatory Authority (FINRA) for one year from engaging in private securities offerings, and Eric S. Smith (chief executive officer and owner of CSSC) has been barred from associating with any FINRA member in any capacity […]

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Investors Sue Morgan Stanley For Unsuitable Options Trading

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Izhar Shefer of Aventura Florida a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages founded on accusations that Shefer engaged in unsuitable trading of options and equities in the customer’s managed account between 2011 and 2017. Financial Industry Regulatory […]

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Investors Continue to Sue Morgan Stanley For ETF Misconduct

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Veronica Lopez-Lopez (also known as Rosa Veronica Lopez-Lopez) of Miami Florida a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on October 16, 2016 where the customer requested unspecified damages based upon allegations that Lopez-Lopez effected inappropriate exchange traded funds and corporate debt transactions in the customer’s […]

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FINRA Bars LPL Financial Broker In Investigation

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Edward Dorion of Killington Vermont a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Dorion failed to respond to FINRA’s inquiry. FINRA Case No. 2015047608601 (Oct. 31, 2016). According to FINRA Public Disclosure, a request […]

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Investors Sue JP Morgan Securities For Misrepresentation

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jerry Michael Rayburn of Lake Grove New York a stockbroker currently registered with J.P. Morgan Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $74,927.40 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning the customer’s investments in mutual funds […]

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Merrill Lynch Fires Broker For Outside Business Activity

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Laura Anne Parker of Austin Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged from the firm on September 23, 2016 supported by accusations that she neglected to inform her firm about an outside business activity that she had engaged in while associated with the firm. Financial Industry Regulatory […]

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SEC Investigates Broker For Private Equities

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Orr of Rye Brook New York a stockbroker formerly employed by NYPPEX LLC is referenced in a Securities Exchange Commission (SEC) Investigation dated January 17, 2017 into Orr’s possible infractions of federal securities laws or rules in reference to his negotiations of Betaworks Studios LLC private equity securities transactions. Financial Industry Regulatory Authority (FINRA) […]

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Merrill Lynch Stockbroker Caught Selling Away

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Thomas Golden of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $15,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Golden engaged in private securities (2) Golden engaged in […]

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Oberweis Broker Barred For Selling Away

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ralph Richard Von Lutzow of Sarasota Florida a stockbroker formerly registered with Oberweis Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Von Lutzow engaged in private securities transactions involving customers of the firm (2) Von Lutzow accepted customer […]

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Edward Jones Stockbroker Fired For Unregisterd Sales Assistant

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Lisa Dawn Peake of Vancouver Washington a stockbroker formerly employed by Edward Jones has been discharged on December 12, 2016 supported by Edward Jones’ accusations that Peake consistently failed to abide by the firm’s policies and allowed an unregistered person to engaged in sales activities with customers of the firm. Financial Industry Regulatory Authority (FINRA) […]

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Regulator Catches LPL Broker Alterting Documents

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Marie P. Goforth of San Antonio Texas a stockbroker formerly employed by LPL Financial LLC has been suspended by the Texas State Securities Commissioner from engaging in securities business in the State of Texas according to findings that Goforth maintained blank forms signed by customers and reused customer signatures to effect securities transactions. Acceptance Waiver […]

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AXA Broker Suspended For Unauthorized Trading

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Dennis Changseop Lee of Middle Villages New York a stockbroker formerly employed by AXA Advisors LLC has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customers’ order tickets and failed to disclose his discretionary […]

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MML Investor Services Broker Caught Lying By Regulators

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew Stanley Sinclair of Elmsford New York a stockbroker currently registered with MML Investors Services LLC has been fined by State of New York Department of Financial Services supported by accusations that Sinclair gave a customer life insurance documentation containing false information. Case No. 2017-0056-S (May 19, 2017). Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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Lincoln Financial Accused of Misrepresenting Fees

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Thomas Waldron of San Francisco California a stockbroker currently employed by Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related written complaint on August 15, 2018 where the customer requested damages estimated to exceed $5,000.00 based upon allegations that Waldron failed to provide the customer with correct information regarding financial […]

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Investors Chase Wells Fargo For Annuity Fraud

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Andrew Keith Jordan of Montgomery Alabama a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $21,000.00 on January 11, 2018 supported by accusations that Jordan placed the customer in an equity indexed annuity on August 8, 2016 that was inappropriate […]

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BPU Investment Accused Of Customer Misconduct

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

William Richard Berkowitz of Pittsburg Pennsylvania a stockbroker currently registered with BPU Investment Management Inc. is the subject of a customer initiated investment related written complaint on January 9, 2017 where the customer sought $6,100.00 in damages based upon accusations that (1) Berkowitz executed the liquidation of the customer’s accounts without the customer’s permission and […]

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LPL Broker Fired For Outside Business Activities

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Edward Burns of Monroe Michigan a stockbroker formerly registered with LPL Financial LLC has been discharged on August 14, 2018 based upon the firm’s accusations that Burns committed a violation of LPL Financial LLC’s policy by way of engaging in unapproved outside business activities during the time that he was employed with the firm. […]

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FINRA Bars Pruco Broker In Investigation

January 06, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Liju Varghese (also known as Joe Varghese) of Howard Beach New York a broker formerly registered with Pruco Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Varghese failed to cooperate with FINRA personnel’s investigation of his possible unauthorized trading in […]

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FINRA Charges CP Capital Broker With Fraud

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jorge A. Reyes of Miami Florida a stockbroker formerly registered with CP Capital Securities has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that between May of 2013 and August of 2016, Reyes (1) utilized misleading materials to market private placements (2) advised a customer to purchase a private placement that […]

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Investor Accuses Morgan Stanley Of Fixed Income Fraud

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Carlos Aurelio Alvarado of Houston Texas a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on November 8, 2018 where the customer sought unspecified damages supported by accusations that between 2005 and 2018, Alvarado executed corporate debt transactions in the customer’s account that were not suitable for […]

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RBC Broker Barred In FINRA Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Wayne Frederick Stutzer of Scottsdale Arizona a stockbroker formerly registered with RBC Capital Markets LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Stutzer failed to respond to FINRA’s inquiry in regard to his activities. Case No. 2018059300001 (Nov. 5, 2018). According to […]

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Investors Sue Merrill Lynch For Unauthorized Trading

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Richard Henderson of Sarasota Florida a stockbroker formerly currently with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on September 6, 2016 where the customer requested unspecified damages founded on allegations that unauthorized over-the-counter equities trades were effected in the customer’s account. Financial Industry Regulatory Authority […]

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Capital Investment Group Broker Caught Selling Away

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Seth Andrew Nannini of Charlotte North Carolina a stockbroker currently registered with Capital Investment Group has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nannini engaged in https://stockbrokerfraud.com/selling-away/unauthorized private securities transactions. Letter of Acceptance Waiver and […]

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SunTrust Accused By Investors Of Annuity Fraud

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin James Farrow of Orlando Florida a stockbroker formerly employed by SunTrust Investment Services Inc. is the subject of a customer initiated investment related written complaint on October 4, 2016 in which the customer requested $24,758.12 in damages supported by accusations that Farrow made misrepresentations to the customer by stating that the variable annuity purchased […]

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IFS Securities Sued For Breach Of Fiduciary Duty

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Douglas Schisler of Grass Valley California a stockbroker currently registered with IFS Securities is referenced in a civil action brought in the Nevada County Superior Court of Nevada City California where the plaintiff sought restitution based upon allegations that while Schisler was associated with IFS Securities Inc. (1) fiduciary duties owed to the plaintiff […]

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LPL Fires Broker For Outside Business Activities

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on August 17, 2018 founded on accusations that (1) Lamkin took possession of customer funds or benefited from those funds through loans that were not approved by the firm (2) Lamkin failed to inform the […]

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Investors Accuse BOK Financial Of Deceptive Sales Practices

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

John Mark Johnston of Broken Arrow Oklahoma a stockbroker formerly employed by BOK Financial Securities Inc. has been referenced in a customer initiated investment related complaint involving where the customer sought $120,000.00 in damages founded on accusations that Johnston deceived customers in the course of selling them corporate debt investments and direct participation program or […]

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Voya Discharges Broker For Violating Suitability Rules

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Jason Payne of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged by the firm on November 16, 2018 based upon accusations that (1) Payne neglected to abide by Voya Financial Advisors Inc. know your customer rules when establishing new customer accounts at the firm and (2) Payne […]

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Wells Fargo Broker Investigated For Unauthorized Trading

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

David John Strnad of Nashville Tennessee a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been issued a Financial Industry Regulatory Authority (FINRA) Wells Notice revealing that FINRA concluded that it should pursue a disciplinary action against Strnad founded on accusations that Strnad violated FINRA Rule 2010 by effecting trades in a customer’s […]

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FINRA Charges Morgan Stanley Brokers With Churning

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Ami Kathryn Forte and Charles Joseph Lawrence of Palm Harbor Florida stockbrokers formerly employed by Morgan Stanley have been charged by Financial industry Regulatory Authority (FINRA) in a Complaint alleging that Forte and Lawrence (1) engaged in unsuitable trading of a disabled customer’s account (2) effected unauthorized trades and (3) churned the customer’s investment portfolio. […]

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FINRA Suspends Wells Fargo Broker For Ignoring Requests

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Juan Carlos Uribe of Houston Texas a stockbroker formerly employed by Wells Fargo Clearing Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Uribe failed to provide information to FINRA personnel that was requested of him. FINRA Case No. 2018059719801 (Nov. 19, 2018). […]

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Voya Financial Blamed By Investors For Stockbroker Misrepresentation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frankie Ricardo Brin of Fruitland Park Florida a broker formerly registered with Voya Financial Advisors (formerly ING Financial Partners Inc.) is the subject of a customer initiated investment related written complaint which settled on February 20, 2017 to resolve accusations of misrepresentation regarding income riders that customers purchased with variable annuities. Financial Industry Regulatory Authority […]

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Transamerica Broker Barred In FINRA Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   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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Ameriprise Blamed For Stockbroker Misrepresentation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Allan Franklin of Aliso Viejo California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested $8,008.62 in damages based upon accusations that Franklin misrepresented the liquidity of the customer’s real estate investment trust holdings. Financial Industry Regulatory Authority (FINRA) […]

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FINRA Bars Caldwell Broker In Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Alain J. Florestan of New York New York a stockbroker formerly registered with Caldwell International Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that (1) Florestan made unsuitable investment recommendations to customers and (2) Florestan failed to cooperate in […]

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Huntington Stockbroker Barred In Theft Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Blaise Anthony Restifo Jr. of Willoughby Hills Ohio a stockbroker formerly employed by The Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Restifo failed to comply with FINRA’s request for information. Case No. 2017053647201 (Sept. 25, 2017). FINRA Public […]

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Investors Sue Merrill Lynch For Churning

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Brad Roger Nettune of Summit New Jersey a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $6,000,000.00 in damages based upon accusations that (1) the customer’s account was churned and (2) unsuitable over-the-counter equities recommendations were made […]

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Raymond James Sued By Investors For Theft

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Marshall Cox a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related civil action in which the customer sought $2,000,000.00 in damages based upon allegations that between April of 2011 and November of 2015: (1) the customer’s funds were converted (2) the customer’s signature had been forged […]

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Raymond James Discharges Broker For Selling Away

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Andrew Tudor of Lake Mary Florida a stockbroker formerly employed by Raymond James Financial Services Inc. has been discharged by the firm on October 23, 2018 supported by accusations that Tudor steered customers towards making investments away from Raymond James and failed to be forthcoming with the firm when questioned about his activities. Financial […]

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FINRA Bars Merrill Lynch Broker For Dodging Inquiry

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jose Giraldo also known as Tomas Giraldo a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to supply FINRA with information that FINRA requested from him. Case No. 2018058059201 (Aug. 27, 2018). […]

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National Securities Morin Blamed For Unauthorized Trading

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Jon Morin of New York New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related written complaint on February 21, 2017 where the customer requested $15,000.00 in damages based upon accusations that unauthorized over-the-counter equities trades were executed in the customer’s equity account. Financial Industry Regulatory […]

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Reef Securities President Fined For Oil And Gas Investments

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Paul Frank Mauceli Jr. the President and Chief Compliance Officer for Reef Securities Inc. has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Mauceli failed to inform customers about their right to rescind their investments in […]

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FINRA Bars Country Capital Broker In Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Adam Michael Lopez of Springfield Illinois a stockbroker formerly registered with Country Capital Management Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations of Lopez committing fraud. Letter of Acceptance […]

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Oppenheimer Broker Suspended For Bad Recommendations

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Peter Chris Marketos of Paramus New Jersey a stockbroker formerly employed by Oppenheimer Co Inc. and Raymond James Associates Inc. has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Marketos made unsuitable investment recommendations to […]

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FINRA Bars Bastardo In Stockbroker Theft Investigation

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Roberto Omar Bastardo of Jupiter Florida a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Bastardo failed to respond to a FINRA inquiry which may have concerned Bastardo’s discharge from Wells Fargo Advisors LLC. FINRA […]

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Investors Sue Wells Fargo For Excessive Fees

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Alexander Agostino Aiello of Warren New Jersey a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint on October 25, 2018 where the customer sought $41,656.33 in damages based upon accusations that (1) Aiello misinformed the customer regarding the management fees that would be charged […]

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Cetera Sanctioned For Failure To Supervise

January 03, 2019  |   Posted by :   |   Uncategorized   |   0 Comments

Cetera Advisor Networks LLC a brokerage firm headquartered in El Segundo California has been censured and fined $700,000.00 founded on allegations that the firm neglected to supervise a registered representative who made unsuitable trades and mutual fund switches in customer accounts. Letter of Acceptance Waiver and Consent No. 2014040951702 (Dec. 19, 2018). According to the […]

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Ameriprise Sued By Investor For Breach Of Fiduciary Duty

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Allen Edwards of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which customers were awarded $13,652.29 in compensatory damages based on Edwards having been found liable on the customers’ claims that (1) Edwards negligently transacted in the customers’ accounts […]

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Investors Sue MML Investors For Misrepresentation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Allen Grenda of Downers Grove Illinois a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $74,253.55 in damages based upon accusations that misrepresentations had been made to the customer about the terms and conditions of a variable annuity purchased […]

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Pruco Securities Broker Fired For Unauthorized Annuity Purchase

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Linda Almeida Jay of East Brunswick New Jersey a securities principal of Pruco Securities LLC has been terminated on October 30, 2018 based upon accusations that Jay submitted documents to effect a purchase of an annuity for a prospective customer who never applied for it. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that […]

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Merrill Lynch Sued By Investors For Failure To Supervise

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael C. Rodriguez of Dallas Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been named in a customer initiated investment related arbitration claim which settled for $475,000.00 in damages based upon accusations that Merrill Lynch or Rodriguez failed to supervise unit investment trust transactions that were placed in the customer’s […]

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American Independent Securities Broker Barred In Investigation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Nicholas Randolph Radke Jr. of Irvine California a stockbroker formerly employed by American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with documentation and information in an investigation into accusations of Radke […]

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Investor Sues Morgan Stanley For Bad Investments

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Barbara Jeane Zech of Palm Beach Gardens a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages founded on allegations that equity transactions were effected in the customer’s account between 2015 and 2017 that were not suitable for the customer. Financial […]

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UBS Sued For Erie Investments

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Joseph Trott of Erie Pennsylvania a stockbroker formerly employed by UBS Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer sought $170,000.00 in damages supported by accusations that Trott executed a highly risky investment strategy for the customer’s investment account and placed the customer in unsuitable […]

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Principal Securities Fires Broker For Misappropriation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Thomas Hildebrandt of Cape May Court House New Jersey a stockbroker formerly registered with Principal Securities Inc. has been discharged by the firm on October 30, 2018 based upon accusations that (1) Hildebrandt effected unauthorized transactions in a customer’s account and (2) Hildebrandt misappropriated funds from a trust account. Financial Industry Regulatory Authority (FINRA) […]

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Investors Sue LPL Financial For Negligence

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brenda Kay Rafferty (also known as Brenda O’Neal) of San Diego California a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $40,000.00 in damages supported by accusations against Rafferty of negligence pertaining to the distribution of the customer’s individual retirement account. Financial […]

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VALIC Financial Fires Stockbroker For Sales Practices

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brett Andrew Laferrera of Birmingham Alabama a stockbroker formerly registered with VALIC Financial Advisors Inc. has been terminated from the firm on January 4, 2016 while under VALIC’s internal investigation for possible sales practice violations and violations of the firm’s code of conduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Laferrera has been […]

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Royal Alliance Supervisors Suspended For Failure To Supervise

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James Edward Armstrong Sr. and his son James Edward Armstrong Jr. both of Wake Forest North Carolina and stockbrokers formerly registered with Royal Alliance Associates Inc. were fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that they failed to adequately supervise a […]

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Lifemark Securities Blamed For Death and Taxes

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James Alan Hawryliak of Rochester New York a stockbroker formerly employed by Lifemark Securities Corp. is referenced in a customer initiated investment related written complaint on March 16, 2017 where the customer sought $28,000.00 in damages based upon allegations that omissions had been made concerning the tax consequences pertaining to the customer’s investment transactions which […]

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Investors Accuse MSI Financial Of Misrepresentation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Keith Carriere of Glastonbury Connecticut a stockbroker formerly employed by MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $148,488.90 on May 22, 2017 founded on accusations that Carriere made misrepresentations to the customer in regard to the terms and conditions of a variable annuity […]

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National Securities Corp Stockbroker Barred For Conversion

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kyle Patrick Harrington of San Diego California a stockbroker formerly employed by National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Extended Hearing Panel’s findings that (1) Harrington converted a customer’s funds (2) Harrington tried to hide that he stole funds […]

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UBS Stockbroker Discharged For Failure To Know Customer

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Stephen Snodgrass of Cherry Hill New Jersey a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on September 26, 2016 based upon accusations that Snodgrass violated multiple policies of UBS Financial Services by failing to undertake the required due diligence process in reference to the establishment of a […]

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Merrill Lynch Sued For $1.9 Million For Failure to Follow Instructions

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Lance Allen Lohr of Cincinnati Ohio a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $1,910,188.00 in damages supported by accusations of the failure to follow the customer’s instructions from December 2016 in regard to common and preferred stock […]

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SEC Charges Nomura Securities Head Trader With Fraud

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James H. Im of New York New York a stockbroker formerly registered with Nomura Securities International Inc. has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Im engaged in securities fraud in regard to the purchases and sales of mortgage backed securities. Securities and Exchange Commission v. James H. Im […]

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Trident Partners Compliance Director Barred For Fraud

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Michael Quigley of Woodbury New York a former Director of Compliance of Trident Partners Ltd. has been barred from acting as an investment adviser or broker or otherwise associating with firms advising the public or selling securities according to a Securities and Exchange Commission (SEC) Order containing findings that Quigley engaged in a fraudulent […]

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Investors Sue Merrill Lynch For Unauthorized Trading

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Susan E. Regan (also known as Susan Marie Eustace) of Westfield New Jersey a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $140,000.00 in damages founded on allegations that (1) misrepresentations and omissions were made in regard to […]

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Transamerica Broker Barred In FINRA Investigation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

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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Investors Sue Wells Fargo For Bad Investments

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Demar Boggs of Cumberland Maryland a stockbroker currently employed by Wells Fargo Advisors is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages founded on accusations that the customer’s investable assets were allocated in a municipal bond portfolio that was in no way suitable for the customer. […]

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Stifel Nicolaus Blamed By Investors For Bad Trades

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Francine Louise Foerst of Goshen New York a stockbroker currently employed by Stifel Nicolaus Company Inc. is the subject of a customer initiated investment related written complaint on March 6, 2017 in which the customer sought $27,000.00 in damages supported by accusations that the customer was placed in inappropriate stock positions between January of 2015 […]

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FINRA Suspends UBS Broker For Failure To Pay Award

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Douglas Wood of Warren New Jersey a stockbroker formerly employed by UBS Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to pay a $301,432.00 Arbitration Award after being found liable for defrauding a customer. FINRA […]

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LPL Stockbroker Discharged For Outside Business Activities

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gene V. Panasenko of New York New York a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on March 12, 2017 supported by accusations that Panasenko possibly engaged in an outside business activity without making an appropriate disclosure to the firm. This is not the first time that Panasenko has […]

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Aegis Capital Corp Accused Of Failure To Execute

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Francis Femiano of Holmdel New Jersey a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 supported by allegations that between January 31, 2017 and November 17, 2017, Femiano failed to abide by the customer’s instructions of […]

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FINRA Bars Merrill Lynch Broker For In Investigation

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher C. Hellman of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hellman failed to cooperate with FINRA personnel in an investigation into Hellman’s alleged private securities […]

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Pruco Discharges Stockbroker For Suitability Violations

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Calvin Georges Zara of Ojai California a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on March 6, 2017 supported by allegations that (1) Zara engaged in outside business activities that had not been approved by Pruco Securities LLC (2) Zara neglected to complete the appropriate suitability forms for customers […]

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FINRA Fines Securities America Broker For Excessive Trading

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Dennis Jackson of University Place Washington a stockbroker formerly registered with Securities America Inc. has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Jackson engaged in selling away (2) Jackson effected unauthorized trades in […]

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Citizens Securities Broker Discharged For Blank Form Hanky Panky

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Elizabeth Ann Thompson of Gloucester Massachusetts a stockbroker formerly employed by Citizens Securities Inc. has been discharged on September 24, 2018 founded on accusations that Thompson maintained signed blank forms from customers to effect securities transactions. This is not the first time that Thompson has been terminated from a FINRA member brokerage firm based upon […]

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Wedbush Chairman Investigated For Securities Fraud

December 21, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Edward William Wedbush of New York New York the President and Chairman of Wedbush Inc. (the parent company of Wedbush Securities Inc.) and registered representative of Wedbush Securities Inc. and Lime Brokerage LLC has been named in a Financial Industry Regulatory Authority (FINRA) Wells Notice in which FINRA made an initial decision to advise that […]

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Wells Fargo Broker Charged With Annuity Twisting

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Richard Blasczyk of Manitowoc Wisconsin a stockbroker currently registered with Wells Fargo Clearing Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he made unsuitable recommendations for a customer to purchase a variable annuity, and then lied to his firm in regard to his business activities. Department […]

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Broker Barred For Stealing Money From His Mother

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Lee Basile of Corona California, a stockbroker formerly employed by Waddell Reed Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he stole the funds belonging to a Waddell Reed customer, whom just happened to be his own elderly mother, […]

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Royal Alliance Brokers Charged With Outside Business Activities

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Edwin Taylor, John Lodge Farmer and Jodi Oyler Padgett, all of Prescott Arizona and stockbrokers for Royal Alliance Associates Inc., have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Taylor, Farmer and Padgett engaged in unapproved outside business activities and (2) Taylor failed to supervise Farmer’s and Padgett’s […]

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Investors Sue Laidlaw For Private Placement Fraud

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Richard Wilson of New York New York a stockbroker formerly employed by Laidlaw & Company (UK) Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $2,000,000.00 in damages supported by accusations that between 2010 and 2017, private placements sold to the customer were not appropriate. Financial Industry Regulatory […]

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FINRA Suspends Spencer Edwards Private Placement Fraud

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Spencer Edwards Inc. a brokerage firm headquartered in Centennial Colorado has been censured and fined $495,000.00 and suspended from conducting securities business for forty-five days by Financial Industry Regulatory Authority (FINRA) according to an Extended Hearing Panel Decision containing findings that (1) the firm made unsuitable investment recommendations to customers concerning private placement investments (2) […]

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MML Broker Barred In Regulatory Inquiry

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Miguel Angel Aguilar of Forth Worth Texas a broker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Aguilar declined to answer an inquiry from FINRA in regard to his possible misconduct. Case No. 2016051130501 (Apr. 26, […]

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FINRA Bars Henley Broker For Obstructing Investigation

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mitchell Allen Kurtz of Roslyn Heights New York a stockbroker formerly employed by Henley Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations that Kurtz violated Securities and Exchange Commission (SEC) and FINRA […]

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General Securities Corp Broker Barred In Investigation

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Noel Carino of North Kansas City Missouri a stockbroker formerly employed by General Securities Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into accusations of (1) Carino engaging in unapproved outside business activities […]

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NYLife Broker Barred In Customer Loan Investigation

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Andrew Norman of Reno Nevada a former NYLife Securities LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Norman failed to cooperate with FINRA in an investigation into allegations of him engaging in an unapproved customer loan arrangement. […]

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FINRA Expels Sandlapper Securities For Fraud

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sandlapper Securities LLC a broker dealer headquartered in Greenville South Carolina and Trevor Gordon (its majority owner and Chief Executive Officer) and Jack Bixler (its Chief Executive Officer) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that (1) Sandlapper Securities […]

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Investor Sues Cambridge Investment Research For Fraud

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Garry Charles Hill Jr. of Birmingham Alabama a stockbroker currently registered with Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $75,000.00 in damages supported by accusations that (1) a variable annuity transaction was executed in violation of FINRA Rules (2) transactions were effected in the […]

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LPL Financial Broker Suspended For Mismarking Trades

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tony Alan Tolene of Mechanicsburg Pennsylvania a stockbroker formerly employed by LPL Financial LLC has been fined $4,000.00 and suspended for forty-five days from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customer order tickets as being unsolicited when they were solicited. Letter […]

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FINRA Bars Citigroup Broker For Failure To Cooperate

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Joseph Flanagan of Highland Park Illinois a stockbroker formerly registered with Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Flanagan obstructed a FINRA investigation into his alleged unauthorized and unsuitable transactions. Letter of Acceptance Waiver and […]

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Investors Sue Wells Fargo For Bad Investment Strategy

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Joseph Dumchus of Westfield New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related arbitration claim where the customer requested at least $350,000.00 in damages supported by accusations that between 2006 and 2017, Dumchus placed the customer in an inappropriate stock-based investment strategy. Financial […]

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Merrill Lynch Blamed For Failure To Follow Instructions

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Kahn Stern of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 24, 2018 where the customer requested unspecified damages based upon accusations that between August 14, 2017 and October 24, 2018, the customer’s investment […]

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Avenir Broker Fails To Pay Arbitration Award

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Cesar Omar Rodriguez of Bloomingdale Illinois a branch office manager formerly employed by Avenir Financial Group has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Rodriguez failed to fully pay an arbitration award to a customer. Case No. 15-02744 (Oct. 23, 2018). FINRA Public […]

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Investors Accuse Morgan Stanley Of Unauthorized Trading

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Martin Kelley Jr. of Northfield New Jersey a stockbroker currently registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on October 12, 2018 in which the customer sought damages estimated to exceed $5,000.00 in damages based in part on accusations that unauthorized stock trades were effected in the […]

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Center Street Securities Broker Charged With Fraud

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sean Joseph Kelly of Marietta Georgia a stockbroker formerly registered with Center Street Securities Inc. and the Chief Executive Officer of Lion’s Share Financial has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Kelly defrauded twelve investors who provided him money through Lion’s Share to invest in alternative investments. Securities […]

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Investors Win Damages Against IBN Financial For Churning

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Colin Anderson Archer of Liverpool New York a stockbroker currently registered with IBN Financial Services Inc. and representative of Meyers Associates L.P. has been ordered to pay a customer $17,940.28 in damages according to a FINRA arbitration in which Archer was found liable on the customer’s claims that Archer churned the customer’s account, breached his […]

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FINRA Bars Goldman Sachs Broker For Failure To Respond

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Martin Thomas Jones of New York New York a stockbroker formerly employed by Goldman Sachs Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to provide information to FINRA personnel that was requested of him. Case No. 2015048052901 (Apr. 10, 2017). […]

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SEC Fines Credit Suisse Broker For Breach Of Fiduciary Duty

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sanford Michael Katz of San Francisco California a stockbroker formerly registered with Credit Suisse Securities (USA) LLC has been censured and fined $850,000.00 by Securities and Exchange Commission (SEC) according to an Order instituting Administrative and Cease and Desist Proceedings Making Findings and Imposing Remedial Sanctions in which Katz was found to have breached his […]

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Morgan Stanley Terminates Broker For Unauthorized Trading

December 13, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Frank David Sardano of Toms River New Jersey a stockbroker formerly employed by Morgan Stanley Wealth Management has been terminated by the firm on October 1, 2018 founded on accusations that Sardano exercised discretion in the accounts of Morgan Stanley customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on June 3, 2005, a […]

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Stockbroker Misconduct Continues to Plague Investors

December 10, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

The Financial Industry Regulatory Authority released its 2018 Examination Report, showing the areas in which the regulator has taken  some form of enforcement action against brokerage firms to prevent them from taking advantage of their customers, and to “better protect investors and maintain the integrity of the markets.” The Recommendation of Unsuitable Investments First, on […]

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Investors Sue Merrill Lynch Mutual Fund Misconduct

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Vincent Foley of Upper Arlington Ohio a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which settled for $28,642.26 in damages founded on accusations that between March of 2010 and June of 2016: (1) misrepresentations were made to the customer concerning mutual […]

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Shearson Financial Broker Fined For Mismarking Orders

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Philip Jay Patlis of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Patlis falsely represented that transactions executed in customer accounts were not solicited. Letter of […]

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Investors Sue Concorde Investments For Bad REITs

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Anthony Rodriguez Jr, of Fruitland Park Florida a stockbroker currently employed by Concorde Investment Services LLC is the subject of a customer initiated investment related complaint in which the customer requested $200,000.00 in damages supported by allegations that Rodriguez failed to inform the customer about the risks and features of non-traded real estate investment […]

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Santander Securities Sued By Investor For Securities Fraud

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Luis Maldonado of Guaynabo Puerto Rico a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on allegations of (1) violations of securities laws (2) breach of contract (3) supervisory failures (4) negligence (5) breach of fiduciary duty […]

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Morgan Stanley Stockbroker Fined For Unauthorized Trading

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Aloysius Juracka of New York New York a stockbroker currently registered with Morgan Stanley has been fined $50,00.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized trades in Morgan Stanley customers’ accounts. Letter of Acceptance Waiver and Consent […]

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Investor Accuses NBC Securities Of Bad REIT Investments

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Edward Disanza of Massapequa New York a stockbroker currently employed by NBC Securities Inc. is the subject of a customer initiated investment related complaint on June 19, 2017 in which the customer sought $25,000.00 in damages founded on accusations that Disanza placed the customer in unsuitable stock and real estate investment trust products which […]

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Wells Fargo Sued For Bad Municipal Bond Investments

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ross Allen Stein of New York New York a stockbroker currently employed by Wells Fargo Clearing Services is referenced in a customer initiated investment related arbitration claim which settled for $32,500.00 in damages based upon accusations that Stein placed municipal debt purchases in the customer’s account that were not suitable for the customer. FINRA Arbitration […]

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Commonwealth Financial Network Sued For Misrepresentation

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James King of Winston-Salem North Carolina a stockbroker currently registered with Commonwealth Financial Network is the subject of a customer initiated investment related arbitration claim where the customer sought $470,000.00 in damages supported by allegations of (1) false or misleading statements being made to the customer regarding the returns on mutual fund investments and (2) […]

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UBS Financial Blamed For Failure To Disclose Risk

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Walter James Keating of Indian Wells California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint on April 25, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that (1) Keating omitted information from the customer in regard to the customer’s […]

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Investors Accuse Ameriprise Financial Of Excessive Fees

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Lynn Bynum of Trenton Michigan a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 28, 2017 in which the customer sought $66,960.73 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning a variable universal life […]

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UBS Sued By Investors For Breach Of Fiduciary Duty

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brent Gordon Thompson of Franklin Tennessee a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $300,000.00 in damages founded on accusations that between 1995 and 2015: (1) the customer was subject to elder abuse (2) fiduciary duties owed to the customer […]

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Bone Doctor Accuses Larson Financial Of Larcency

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey Scott Larson of Saint Louis Missouri a stockbroker formerly employed by Larson Financial Securities LLC is the subject of a customer initiated investment related written complaint on August 9, 2017 in which the customer sought $34,000.00 in damages based upon accusations that omissions were made to the customer concerning the costs and fees pertaining […]

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Valmark Securities Sued By Investors For Breach Of Fiduciary Duty

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William James Rossi III of Gainesville Florida a stockbroker currently employed by Valmark Securities Inc. and investment advisor representative of Koss Olinger Consulting is referenced in a customer initiated investment related civil action brought in the Eighth Judicial Circuit Court of Alachua Florida in which the customer sought $400,000.00 in damages supported by accusations of […]

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WFG Stockbroker Sanctioned For Unauthorized Transactions

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donna Jean Chism of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. has been fined $2,500.00 and sanctioned by Oklahoma Department of Securities based upon Chism consenting to the Department’s findings that Chism engaged in unauthorized transactions in customer accounts. Case No. 17-055 (Apr. 3, 2017). Oklahoma Department of Securities alleged that Chism […]

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Lincoln Financial Advisors Sued By Investors For Fraud

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James M. Honaker of Amherst New York a stockbroker formerly registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $11,316.00 in compensatory damages based upon Honaker having been found liable on the customer’s claims that (1) Honaker executed transactions in the […]

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Investors Collect From Merrill Lynch For Excessive Trading

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joel Thomas Summerlin of Tampa Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint which was resolved for $75,000.00 on March 1, 2018 supported by allegations that between June of 2010 and April of 2017: (1) Summerlin made investment recommendations to the […]

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FINRA Snags Berthel Fisher Broker For Unauthorized Trading

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Huey Neely of Edmond Oklahoma a stockbroker formerly employed by Berthel Fisher Company Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Neely’s consent to findings that he executed unauthorized trades in customer accounts. Letter of Acceptance Waiver and Consent […]

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Investors Slam Oppenheimer For Unauthorized Trading

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Thomas Pawloski of Princeton New Jersey a stockbroker formerly registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint which settled for $60,000.00 on October 25, 2017 supported by allegations that between February of 2017 and April of 2017: (1) unauthorized transactions were placed in the customer’s account […]

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Investors Chase Wells Fargo For Structured Product Misdeeds

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Hammond Freebern of Bartow Florida a stockbroker currently registered with Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled on September 14, 2017 to resolve accusations that Freebern placed the customer in a structured product without the customers consent. Financial Industry Regulatory Authority (FINRA) Public […]

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LPL Broker Fined By FINRA For Unapproved Customer Loans

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Carol Ann Holesha of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Holesha borrowed money from a customer without the firm’s permission and (2) […]

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Investors Accuse Wells Fargo Of Unit Investment Trust Fraud

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Eric Grant Demarcus of Sunnyvale California a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint on July 17, 2015 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that unit investment trust transactions executed in the customer’s account were not suitable […]

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LPL Financial Broker Barred For Taking Dead Clients’ Money

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Cheryl Ann Stallings of Amarillo Texas a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Stallings violated the firms supervisory procedures and systems (2) Stallings impermissibly utilized the funds of an LPL Financial […]

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Investors Accuses NYLife Of Unauthorized Annuity Purchases

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Andrew Doran of Johnston South Carolina a stockbroker currently registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $15,916.72 on June 29, 2017 based upon allegations that Doran forged the customers’ signatures on variable annuity and insurance documents to effect multiple policy purchases between June […]

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RBC Capital Markets Sued By Investors For Churning

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Alan Walton Sharpe of Burlington Massachusetts a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim which settled for $225,000.00 in damages supported by allegations that (1) Sharpe made unsuitable oil and gas equities recommendations to the customer and (2) Sharpe churned the customer’s investment […]

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H. Beck Hit For Failure To Supervise

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

H. Beck Inc. a brokerage firm headquartered in Rockville Maryland has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that (1) the firm failed to supervise the variable annuity recommendations made by its registered representatives and (2) failed to supervise consolidated reports that were disseminated to customers. Letter of […]

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National Planning Corporation Accused Of Negligence

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Patricia Ann Lloyd of Phoenix Arizona a former National Planning Corporation stockbroker and investment adviser representative is referenced in a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages supported by accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account was transacted upon in a […]

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RBC Capital Markets Sued By Investors For Misappropriation

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Robert McGinnis of Escondido California a stockbroker formerly employed by RBC Capital Markets is referenced in a customer initiated investment related arbitration claim which was resolved for $652,000.00 in damages supported by accusations that between 2009 and 2015: (1) McGinnis sold the customer private placement investments outside the auspices of RBC Capital Markets (2) […]

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Investors Sue American Capital Partners For Unauthorized Transactions

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Montelli of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is referenced in a customer initiated investment related written complaint on April 11, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations that (1) margin was utilized without the customer’s permission (2) unauthorized […]

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FINRA Bars Legend Securities CEO For In Investigation

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Fusco of New York New York the Chief Executive Officer of Legend Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in FINRA’s investigation into accusations that he failed to supervise the firm’s brokers. Letter […]

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Coastal Equities Pays Customer For Bad Recommendations

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Katherine Salome Horgan of Needham Massachusetts a stockbroker formerly employed by Coastal Equities Inc. and investment adviser representative of Heritage Wealth Management Inc. is the subject of a customer initiated investment related written complaint which settled for $40,000.00 on February 21, 2018 supported by accusations that Horgan placed stock transactions in the customer’s account that […]

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PFS Investments Discharges Broker For Forgery

November 30, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Vitthal Mathurbmas Patel of Denville New Jersey a stockbroker formerly employed by PFS Investments Inc. has been discharged by the firm on August 27, 2018 founded on accusations that Patel forged a customer’s signature to an account document. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 17, 2002, a customer filed an […]

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Woodbridge Victims File Claims Against Quest Capital

November 29, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Roland Dietrich, of Lake Forrest, California, formerly associated with Quest Capital Strategies, Inc. was barred by the Financial Industry Regulatory Authority in connection with the sale of Woodbridge Group related securities. Letter of Acceptance Waiver & Consent, No. 2018057197801 (November 26, 2018). Dietrich, betwen 2013 and 2017, was found to have solicited fifty eight […]

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Ameriprise Discharges Broker For Bad Investment Strategy

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Randyl Robert Taber of West Des Moines Iowa a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on May 10, 2017 based upon accusations that Taber committed numerous violations of Ameriprise Financial Services’ policy by implementing an “investment strategy” that was not suitable for customers of the firm. FINRA […]

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Investors Sue Lawson Financial For Securities Fraud

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ryan John Lawson of Phoenix Arizona a stockbroker formerly registered with Lawson Financial Corporation is referenced in a customer initiated investment related arbitration claim in which he was ordered to pay the customer $7,500.00 in damages based upon Lawson having been found liable on the customer’s claims that (1) Lawson made misrepresentations and omissions to […]

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Broker Dealer Financial Corp Broker Investigated By State

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Russell Al Stone (also known as Russell Alan Stone) of East Windsor Connecticut a stockbroker formerly registered with Broker Dealer Financial Services Corp. has been named a State of Connecticut Department of Banking investigation on April 25, 2017 in regard to Stone’s activities affecting the account of a customer who lodged a complaint with the […]

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FINRA Bars Network One Broker In Investigation

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Paul Angelone of Weston Connecticut a stockbroker formerly employed by Network 1 Financial Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Angelone refused to cooperate in a FINRA investigation into his possible violation of federal securities laws. Letter […]

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Waddell Reed Accused Of Failure To Diversify Investments

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sean Lewis Dobranich of Las Nevada a stockbroker currently employed by Waddell Reed is referenced in a customer initiated investment related written complaint on April 28, 2017 in which the customer requested $25,000.00 in damages founded on allegations that (1) Dobranich over-concentrated the customer’s managed account in inappropriate securities (2) Dobranich neglected to sell the […]

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Barney Barnato Burned For Unauthorized Trading

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Barney Norman Barnato of Walnut Creek California a stockbroker formerly employed by Barney Norman Barnato has been discharged by the firm on April 11, 2017 based upon accusations that Barnato exercised discretion in a customer’s account without having generated the customer’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Barnato is referenced […]

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Investors Continue To Collect From Berthel Fisher For Private Placement Fraud

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ricky Steven Geislinger of Watkins Minnesota a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $75,000.00 in damages supported by allegations that (1) Geislinger made misrepresentations to the customer concerning the terms and conditions of the investments selected for the […]

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Wells Fargo Pays Investors For Stock Losses

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James D. Parises of Henderson Nevada a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that Parises sustained unwarranted investment losses on equities held in the customer’s account. Financial Industry Regulatory Authority (FINRA) […]

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Broker Fired And Convicted For Securities Fraud

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Anthony Dinucci Jr. of New York New York a stockbroker formerly registered with AOC Securities LLC was terminated on April 6, 2017. Two weeks later, on April 17, 2017, Dinucci pleaded guilty to violating 18 U.S.C. 371 and pursuant to a plea agreement with the District of Connecticut’s United States Attorney’s Office pled guilty to a […]

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Principal Broker Discharged For Altering Customer Forms

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brian Clark Johnson of Sioux City Iowa a stockbroker formerly employed by Principal Securities Inc. has been discharged on July 25, 2017 supported by Principal Securities’ allegations that Johnson violated the firm’s policy by altering a customer’s fixed-annuity forms. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on December 21, 2012, a customer […]

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Commonwealth Financial Broker Vanishes In Investigation

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Greer Denormandie III of Alpharetta Georgia a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Denormandie failed to respond to a request made by FINRA for his information. Case No. 2016050805801 (Apr. 14, 2017). FINRA […]

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Wells Fargo Pays In Unit Investment Trust Scheme

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Frank Pondt of Woodland Hills California a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint which settled for $22,000.00 on July 5, 2017 supported by accusations that the customer was provided misleading information about unit investment trust products by being told that the […]

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First Allied Securities Broker Fined For Misleading Statements

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Eugene Health of Ladera Ranch California a stockbroker formerly employed by First Allied Securities has been fined $12,500.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon Health consenting to findings that he used unwarranted investment performance summaries when consulting with […]

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Ameriprise Financial Blamed For Bad Advice

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Susan Louise Wagner of Perrysburg Ohio a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 24, 2017 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that Wagner poorly advised the customer in regard to the customer’s individual […]

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Fidelity Broker Discharged For Mishandling Customer Forms

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Richard Potter of New York New York a stockbroker formerly employed by Fidelity Brokerage Services LLC has been discharged on August 18, 2017 based upon Fidelity’s allegations that Potter violated the firm’s procedures by having modified a customer’s account documents after the customer had already signed and submitted them. Financial Industry Regulatory Authority (FINRA) […]

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Investors Hit Joseph Stone For Churning

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ross Adam Barish of Mineola New York a stockbroker currently registered with Joseph Stone Capital L.L.C. is referenced in a customer initiated investment related arbitration claim which was resolved for $14,900.00 supported by accusations that (1) Barish breached his contractual obligations to the customer (2) Barish executed over-the-counter equities transactions in the customer’s account that […]

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FINRA Decides Enforcement Action Against Already Barred Firm

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Windsor Street Capital L.P. (formerly known as Meyers Associates L.P.) has been censured and fined $500,000.00 by Financial Industry Regulatory Authority (FINRA) according to a Hearing Panel Decision containing findings that (1) the firm neglected to construct and implement adequate supervisory systems and (2) failed to supervise two of the firm’s brokers who effected unsuitable […]

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Comerica Securities Pays For CMO Misconduct

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Nancy Ruth Gabany of Sugarland Texas a stockbroker currently registered with Comerica Securities is the subject of a customer initiated investment related written complaint which was resolved for $9,864.58 on September 21, 2018 founded on allegations that Gabany made unsuitable investment recommendations to the customer regarding collateralized mortgage obligation bonds. Financial Industry Regulatory Authority (FINRA) Public […]

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Investor Too Late To Chase Bert Bowler Over Annuity

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bert Thomas Bowler of New Canaan Connecticut a stockbroker formerly registered with Ameriprise Financial Services Inc. was referenced in a customer initiated investment related arbitration claim by where the customer sought $50,000.00 in damages based upon accusations that the customer was poorly advised with respect to the purchase of a variable universal life insurance policy. […]

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UBS Discharges Broker For Moonlighting

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Anthony Paganelli of Walnut Creek California a stockbroker formerly registered with UBS Financial Services Inc. was discharged by the firm on July 6, 2017 founded on allegations that Paganelli violated the firm’s policy by having engaged in unapproved outside business activities between October 3, 2016 and February 23, 2017. Financial Industry Regulatory Authority (FINRA) […]

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Investors Chase Amerprise For Unauthorized Withdrawals

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Hema Joshi (also known as Hema Jerath) of Flemington New Jersey a stockbroker currently registered with Ameriprise Financial Services, Inc. is the subject of a customer initiated investment related written complaint on April 3, 2017 where the customer sought $24,339.85 in damages based upon accusations that Joshi (1) placed the customer in an unsuitable variable […]

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Investors Sue Wells Fargo For Bad Investments

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jerry Duane Holdsworth of Lincoln Nebraska a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on accusations that (1) Holdsworth effected stock trades in the customer’s account that were not suitable for the customer and […]

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Flying Cloud Broker Caught Selling Away

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Luke Andrew Powell of San Francisco California a stockbroker formerly registered with Flying Cloud Securities LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No. 2015045185501 […]

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Citizens Securities Accused Of Failure To Execute

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Zachary Stephen Reinhart of Bethel Park Pennsylvania a stockbroker formerly employed by Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on September 15, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that the customer’s assets were not invested in an individual retirement account in […]

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Regulator Investigates AXA For Bad Sales Practices

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Dan George of Chattanooga Tennessee a stockbroker currently registered with AXA Advisors LLC is the subject of a June 26, 2017 Tennessee Department of Insurance investigation in reference to George’s sales practices while employed with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that George has been identified in two customer initiated […]

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Investors Sue Capital Financial Alternative Investment Fraud

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robin Dewayne Walls of Shakopee Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $95,000.00 in damages supported by accusations that Walls sold the customer unsuitable and illiquid alternative investments including oil and gas products and direct participation program or […]

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Edward Jones Broker Caught Unauthorized Trading

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Stewart Saunders of Monroe City Missouri a stockbroker formerly employed by Edward Jones has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized mutual fund purchases in customer accounts. Letter of Acceptance Waiver and Consent No. […]

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RBC Capital Blamed By Customer For Inappropriate Annuity

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark John Evans of Mount Laurel New Jersey a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related complaint on April 13, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed in an annuity that did not conform […]

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Merrill Lynch Blamed For Failure To Follow Instructions

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony William Smith (also known as Tony Smith) of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint that was resolved on May 2, 2017 for $28,340.48 in damages founded on allegations that Smith failed to abide by the […]

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MT Securities Fires Broker For Annuity Twisting

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Wesley Conrad Robinson of Elizabethtown Pennsylvania a stockbroker formerly registered with MT Securities Inc. has been discharged on July 20, 2017 supported by the firm’s allegations that Robinson violated annuity policies and procedures when Robinson executed the replacement of customers’ existing annuity with another fixed annuity. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally […]

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National Planning Corporation Terminates Broker For Cause

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Katherine Anne Praydick-Meo (also known as Katherine Anne Salvato) of Naples Florida a stockbroker formerly employed by National Planning Corporation has been discharged on May 19, 2017 supported by accusations that Praydick-Meo violated the firm’s policies by permitting customer account forms to be re-used and documents to be provided by customers that contained signed but […]

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Commonwealth Financial Disciplined Excessive Fees

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Commonwealth Financial Network a brokerage firm headquartered in Waltham Massachusetts has been censured by Financial Industry Regulatory Authority (FINRA) supported by accusations that the firm excessively charged customers on mutual fund transactions by failing to apply discounts for the customers that were eligible for them. Letter of Acceptance Waiver and Consent No. 2016049975901 (Nov. 9, […]

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UBS Aycock Fails To Get Off Warrants

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Eliot Aycock of Leawood Kansas a stockbroker currently employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $18,477.06 in damages on May 30, 2017 founded on accusations that Aycock failed to effected the sale of the customer’s warrants. Financial Industry Regulatory Authority (FINRA) […]

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Investors Sue First Allied Securities For Misrepresentation

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Danny Chancellor of Ridgeland Mississippi a stockbroker formerly employed by First Allied Securities, Inc. is referenced in a customer initiated investment related arbitration claim which settled for $20,000.00 in damages based upon allegations that (1) misrepresentations and omissions had been made to the customer concerning the risks and fees of direct participation program or […]

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Wells Fargo Broker Barred In Trading Investigation

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Terrence Raymond Puricelli of Chesterfield Missouri a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA personnel in an investigation regarding allegations that Puricelli engaged in unauthorized trading. […]

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Robert W. Baird Pays $600,000 to Burnt Investor

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth James Meyers of Grass Valley California a stockbroker currently registered with Robert W. Baird Co. Incorporated is the subject of a customer initiated investment related complaint which settled for $600,000.00 on June 16, 2017 in damages supported by allegations that equity trades were effected in the customer’s account that were not suitable for the […]

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Investor Accuses Citizens Securities For Fraud

November 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Richard Cooke of Broomall Pennsylvania a stockbroker formerly employed by Citizens Securities Inc. is referenced in a customer initiated investment related written complaint on November 9, 2017 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that (1) Cooke made misleading representations to the customer regarding a fixed annuity investment (2) […]

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Signator Broker Barred By FINRA For Obstructing Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA in an investigation concerning his alleged unapproved private securities transactions. Letter of […]

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MML Investors Fires Broker Mishandling Confidential Information

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David William McConnell of Grandview Ohio a stockbroker formerly registered with MML Investors Services LLC has been discharged on May 25, 2017 supported by accusations that McConnell mishandled confidential information from customers and became subject of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that McConnell is referenced in […]

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Cetera Broker Barred By FINRA In Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Michael Sabourin of Norwich Connecticut a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Sabourin failed to provide FINRA with information after it was requested of him. Case No. 2014041373601 (May 4, 2015). FINRA Public […]

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Investors Sue Oppenheimer’s Best For The Worse Trading

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Warg Best of Bethlehem Pennsylvania a stockbroker formerly employed by Oppenheimer & Co. Inc. is referenced in a customer initiated investment related complaint on August 18, 2017 where the customer sought $1,000,000.00 in damages supported by accusations that (1) unsuitable closed-end fund and stock transactions had been executed in the customer’s investment account (2) […]

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FINRA Bars State Farm Broker In Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael W. Benjamin of Bloomington Illinois a stockbroker formerly employed by State Farm VP Management Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s requests for his information which possibly concerned the basis behind his […]

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Merrill Lynch Sued By Investors For Fraud

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gregory Alan Voight of Providence Rhode Island a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $75,000.00 in damages founded on allegations that (1) misrepresentations were made to the customer concerning structured products and municipal debt products (2) investment […]

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LPL Fires Stockbroker For Unauthorized Trading

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Virginia Ann Pack of White House Tennessee a stockbroker formerly registered with LPL Financial LLC has been terminated from employment on March 6, 2017 based upon accusations that Pack exercised discretion in a customer’s account without the firm’s authorization which was conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally […]

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FINRA Bars Blair Broker In Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Ellis Stacke of Chicago Illinois a stockbroker formerly registered with William Blair has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to respond to FINRA’s request for information regarding Stacke’s possible misconduct. Case No. 201705349601 (Aug. 31, 2017). According to FINRA […]

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Wells Fargo Accused Of Structured Products Fraud

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey John Di Bono of San Jose California a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint on May 11, 2017 in which the customer sought $8,500.00 in damages based upon accusations that Di Bono did not receive investment returns that were promised […]

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FINRA Censures D.A. Davidson Co. For Overcharging Customers

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

D.A. Davidson Co. a brokerage firm headquartered in Great Falls Montana has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that it (1) overcharged customers by failing to apply sales charges waivers and (2) failed to supervise its mutual fund transactions to ensure that eligible customers received applicable discounts. Letter […]

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Spartan Capital Sued By Investors For Overconcentration

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John M. Cullen of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages founded on allegations that the customer’s stock account had been overconcentrated by Cullen in speculative equities products. Financial Industry Regulatory Authority […]

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Investors Blame Oppenheimer For Speculative Recommendations

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Phillip Brandt of Saint Louis Missouri a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related written complaint in which the customer sought damages estimated to exceed $5,000.00 in damages supported by allegations that Brandt had improperly steered the customer into investing in speculative master limited partnership […]

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Broker Ban Banned For Mishandling Customer Funds

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tony Ban of New York New York a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on May 12, 2017 supported by allegations that Ban (1) procured cash from several of the firm’s customers (2) failed to appropriately document the transactions (3) mishandled the customer’s funds and (4) inappropriately used […]

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Investor Sues Santander Securities For Fraud

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ricardo Antonio Rodriguez Vazquez of Guaynabo Puerto Rico a stockbroker formerly employed by Santander Securities LLC is the subject of a customer initiated investment related arbitration claim on April 10, 2018 where the customer sought $979,000 in damages based upon accusations of (1) negligence (2) failure to supervise (3) breach of the duty of good faith […]

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MML Investors Broker Discharged For Misrepresentation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Samuel E. Barber of Naugatuck Connecticut a stockbroker formerly employed by MML Investors Services LLC has been discharged by the firm on March 27, 2017 based upon accusations that Barber became the subject of a customer complaint which alleged that a traditional insurance product sold to the customer had been misrepresented. Financial Industry Regulatory Authority […]

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SunTrust Sued For Bad Mutual Fund Recommendations

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sandra Benain McKoy of Lauderdale Lakes Florida a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related arbitration claim which settled for $50,000.00 in damages supported by accusations that McKoy (1) poorly advised the customer concerning mutual fund and variable annuity products and (2) placed unsuitable transactions in […]

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NYLife Broker Barred For Disregarding FINRA Requests

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kristopher A. Galicia Rodriguez of New Windsor New York a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide information to FINRA that had been requested from him. Case No. 2017053367801 (Aug. 7, […]

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Berthel Fisher Sued By Investor For Bad REIT Investments

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joe Bryan Hall of Berthel Fisher Company Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested at least $5,000.00 in damages based upon allegations that the customer was placed in a real estate investment that was not appropriate for the customer given the customer’s objectives for […]

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FINRA Bars Morgan Stanley Broker For Failure To Cooperate

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Scott William Hartman of Dallas Texas a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to furnish information to FINRA personnel inquiring into his activities. Case No. 2016049225001 (May 31, 2017). FINRA Public Disclosure reveals […]

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ProEquities Sued By Investors For Fraud

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bradley John Freimark of Otsego Minnesota a stockbroker formerly registered with ProEquities Inc. is the subject of a customer initiated investment related arbitration claim which settled for $100,000.00 in damages founded on accusations that (1) misrepresentations were made to the customer and (2) the customer’s assets were inappropriately invested in D&L Energy 2010 Ltd. – […]

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Avalon Censured By FINRA For Failure To Supervise Annuities

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Avalon Investment Securities Group a brokerage firm headquartered in Muscle Shoals Alabama has been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by allegations that the firm had failed to supervise its brokers’ sales of variable annuity products. Letter of Acceptance Waiver and Consent No. 2016047823901 (Oct. 25, 2018). According to the AWC, […]

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Investors Blame Tandem Securities For Annuity Omissions

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jude E. Offiah of Oklahoma City Oklahoma a stockbroker currently registered with Tandem Securities Inc. is referenced in a customer initiated investment related written complaint on May 2, 2017 where the customer sought more than $5,000.00 in damages based upon allegations that omissions had been made to the customer concerning variable annuity and mutual fund […]

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NYLife Broker Suspended For Mutual Fund Misconduct

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Raymond Colflesh of Tarko Missouri a stockbroker formerly employed by NYLife Securities LLC has been suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable mutual fund investment recommendations to customers. Letter of Acceptance Waiver and Consent No. […]

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Ripper Barred In UIT Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Jason Ripper of Memphis Tennessee a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he neglected to furnish information to FINRA when FINRA formally requested him to do so. Case No. 2015048052801 (May 9, 2017). […]

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Summit Brokerage Sued For Bad Recommendations

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James Keith Muir of Sarasota Florida a stockbroker currently employed by Summit Brokerage Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $27,500.00 in damages based upon accusations that the customer was placed in unsuitable equity products including GPRO STON and BBBQP. Financial Industry Regulatory Authority (FINRA) […]

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Morgan Stanley Stockbroker Barred For Hindering Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bruce Arnold Plyer of Florham Park New Jersey a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he placed unapproved trades in customers’ investment accounts. Letter of […]

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Morgan Stanley Sued By Investors For Excessive Trading

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by accusations of excessive trading of the customer’s investments including (a) structured products (b) unit investment trusts and (c) mutual funds. Financial Industry […]

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Voya Stockbroker Barred In Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James Travis Flynn of Greenville Securities a stockbroker formerly employed by Voya Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Flynn failed to comply with FINRA’s requests for information regarding his sales practices. Case No. 201705354701 (Sept. 4, 2018). According […]

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Cadaret Grant Annuity Problems Continue

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Philip Anthony Riposo of New Bedford Massachusetts a stockbroker formerly employed by Cadaret Grant Co. Inc. is referenced in a customer initiated investment related written complaint on May 8, 2017 in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that transactions were executed in the customer’s variable annuity that were not […]

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Investor Blames Securian For Annuity Misrepresentation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Dennis Farrell of Huntingdon Valley Pennsylvania a stockbroker formerly registered with Securian Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $146,677.22 on January 2, 2018 founded on allegations that Farrell misrepresented the terms and conditions of insurance and annuity products that had been sold to […]

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Wells Fargo Sued By Investor For Securities Fraud

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Raymond Phillip Kvalvog of Fargo North Dakota a former Wells Fargo Advisors LLC branch manager has been ordered by an Arbitration Panel to pay a customer $75,383.75 in compensatory damages based on the Panel finding Kvalvog and Wells Fargo liable for committing fraud by steering the customer into placing more than $2,000,000.00 of the customer’s […]

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Bufis Barred In Moonlighting Investigation

November 12, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Judith Ann Bufis of East Brunswick New Jersey a stockbroker formerly registered with Kovack Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate in a FINRA investigation into accusations against Bufis of selling away. Letter of […]

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FINRA Bars NYLife Securities Broker In Investigation

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Michael Jones of Pilot Mound Iowa a stockbroker formerly employed by NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to comply with FINRA’s request for his information. Case No. 2016052252801 (June 23, 2017). FINRA Public Disclosure reveals […]

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National Planning Sued For Breach Of Fiduciary Duty

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Edward Moriarty of Crystal City Missouri a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $9,999.00 in damages supported by accusations that (1) fiduciary duties owed to the customer had been breached (2) transactions were placed in the customer’s account that […]

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JP Morgan Continues to Bilk Clients For Fees

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

J.P. Morgan Securities LLC a broker-dealer headquartered in New York New York has been censured and fined by FINRA based upon the firm’s consent to findings that it harmed customers by charging them erroneous fees. Letter of Acceptance Waiver and Consent No. 2017053493101 (Oct. 18, 2018). According to the AWC, in 2012, a vendor was […]

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State Farm VP Management Broker Suspended For Forgery

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Steven John Sosnowski of Bloomington Illinois a former State Farm VP Management Corp. registered representative has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged a customer’s signature on a life insurance policy. Letter of […]

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Investors Sue WFG Investments For Misrepresentation

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Anthony Pierce of Daphne Alabama a stockbroker formerly registered with WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $50,000.00 in damages based upon accusations that (1) Pierce made omissions and misrepresentations concerning the customer’s private placement investments and (2) Pierce did not undertake […]

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Wells Fargo Sued By Investor For Speculative Investments

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Paul Friedman of Berwyn Pennsylvania a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $12,000.00 in damages founded on accusations that (1) Friedman made investment recommendations to the customer that were not suitable and placed the customer in […]

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FINRA Fines Maxim Group Broker For Misconduct

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Eric Howard Kunis of Woodbury New York a stockbroker formerly registered with Maxim Group LLC has been fined $2,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kunis executed unsuitable trading in eleven Maxim Group LLC customer accounts. Letter of Acceptance […]

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Investors Sue Ameriprise For Breach Of Fiduciary Duty

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Scott Kellogg of San Diego California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $247,112.52 in damages founded on accusations that (1) fiduciary duties owed to the customer were not abided by (2) unauthorized transactions were placed in […]

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Morgan Stanley Discharges Broker For Misconduct

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Daniella Rebecca Rand of San Francisco California a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on March 6, 2017 based upon Morgan Stanley’s allegations that Rand violated the firm’s customer correspondence directives and provided inaccurate or incomplete information to the firm in regard to Rand’s activities when investigated for misconduct. […]

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Key Investment Services Broker Barred In Investigation

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tracy Michelle Lund of Hillsborough Oregon a stockbroker formerly employed by Key Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lund failed to cooperate in a FINRA investigation into allegations of her suspicious transactions involving a customer’s account. Letter of Acceptance […]

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Investors Blame Wells Fargo For Bad Recommendations

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Michael Henrici of Coral Springs Florida a stockbroker currently registered with Wells Fargo Clearing Services is the subject of a customer initiated investment related written complaint which settled for $20,000.00 on July 3, 2017 founded on accusations that Henrici placed an inappropriate insurance rider on the customer’s variable annuity. Financial Industry Regulatory Authority (FINRA) […]

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Regulators Nab Key Investment Services Broker For Elder Abuse

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher Michael Herrmann of Greenwood Indiana a stockbroker formerly registered with Key Investment Services has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to Key Investment Services customers and concealed information […]

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Investors Sue Stifel Nicolaus For Securities Fraud

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Basile Manikas of Chicago Illinois a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which settled for $342,500.00 in damages founded on allegations that (1) the customer had been defrauded (2) contractual obligations had been breached (3) the customer’s account was handled negligently […]

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Lincoln Investment Accused Of Falsifying Information

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Delores Jean Yezbak of Cleveland Ohio a stockbroker formerly registered with Lincoln Investment is referenced in a customer initiated investment related written complaint on June 15, 2017 in which the customer sought $70,000.00 in damages supported by allegations that (1) the customer’s account documentation contained false statements in regard to the customer’s income and net […]

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Maxim Group Censured For Failure To Supervise UIT Sales

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Maxim Group LLC a brokerage firm headquartered in New York New York has been censured and fined $65,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise its stockbrokers’ recommendations of unit investment trusts to ensure that they were not unsuitable for customers. Letter of Acceptance […]

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NewBridge Securities Sued By Investors For Misconduct

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Francis Faline of Boca Raton Florida a stockbroker formerly registered with NewBridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $80,000.00 in damages founded on accusations that Faline provided the customer with poor advice in reference to common or preferred stock held in the customer’s investment account […]

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WFG Broker Terminated For Unauthorized Activities

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Janice Ann Williams-Mayhew of Okemos Michigan a stockbroker formerly employed by WFG Investments Inc. has been discharged by the firm on March 22, 2017 supported by allegations that Williams-Mayhew placed an investor’s signature on a Representative Change Request form in regards to an annuity contract despite that investor not having been a customer of WFG […]

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FINRA Bars Financial West Group Broker For Churning

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Scott Simoncic of Reno Nevada a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Simoncic made exchange traded fund recommendations that were not suitable for customers (2) Simoncic effected excessive exchange traded […]

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Lincoln Financial Advisors Sued By Investors For Fraud

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Chadwick Kingsley Watson of Annapolis Maryland a stockbroker currently registered with Lincoln Financial Advisors Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages supported by allegations that (1) unsuitable investment transactions had been effected in the customer’s account and (2) there were inadequate disclosures made […]

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United Planners Sued For Risky Investment Recommendations

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Billy Edward Foster of United Planners’ Financial Services of America is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that (1) unsuitable investment recommendations had been made to the customer concerning a direct participation program or limited partnership interests and (2) United Planners Financial […]

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Investor Sues Santander Securities For Fraud

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Lazaro Armando Fernandez Paredes of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages founded on accusations that (1) transactions were executed in the customer’s account that were not suitable for the customer (2) the customer’s account […]

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BBVA Securities Accused Of Overcharging Investors

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Anna Huiping Li of Tucson Arizona a stockbroker currently employed by BBVA Securities Inc. is the subject of a customer initiated investment related complaint which was settled on January 3, 2018 to resolve accusations that Li omitted information regarding the charges or fees pertaining to certificate of deposit investments purchased by the customer. FINRA Public […]

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Pacific West Broker Sanctioned For Selling Away

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Alan Meier of Vancouver Massachusetts a stockbroker and investment advisor representative formerly employed by Pacific West Securities Inc. and Pacific West Financial Consultants Inc. is referenced in a Consent Order issued by the Washington State Department of Financial Institutions Securities Division in which Meier has been fined and suspended from engaging in investment advisory […]

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Principal Securities Sued For Breach Of Fiduciary Duty

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Alan Kimmel of Fort Worth Texas a stockbroker currently employed by Principal Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer alleged that Kimmel breached a fiduciary duty owed to the customer in reference to an employer stock options plan investment allocation. Financial Industry Regulatory Authority (FINRA) […]

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Raymond James Discharges Broker For Unauthorized Trading

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Mark Waddle of Destin Florida a stockbroker formerly employed by Raymond James Associates Inc. has been discharged by Raymond James on June 5, 2017 based upon allegations that Waddle (1) admitted to exercising discretion in customer accounts by placing trades without speaking with those customers beforehand and (2) neglected to inform Raymond James Associates […]

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Raymond James Broker Barred In Investigation

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Woodley Hannon Bagwell of Montgomery Alabama a stockbroker formerly registered with Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to honor FINRA’s requests for Bagwell’s information. Letter No. 20160520299901 (September 18, 2017). FINRA Public Disclosure confirms that […]

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Oriental Financial Sued For Breach Of Contract

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jeffrey J. Lapetina Mafuz of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Securities Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $115,000.00 in damages based upon accusations that (1) omissions and misrepresentations had been made to the customer (2) contractual obligations and […]

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Merrill Lynch Sued For Mutual Fund Fraud

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Alex Jose Gierbolini of Guaynabo Puerto Rico a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim in which the customer sought $265,000.00 in damages founded on accusations that misrepresentations had been made to the customer and mutual fund transactions were placed in the […]

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MML Investors Broker Fined For Outside Business Activities

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Jay Myers of Greenwood Village Colorado a stockbroker formerly employed by MML Investors Services LLC has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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FINRA Bars Union Capital Broker In Investigation

November 03, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Paul Collins Jr of Tucson Arizona a stockbroker formerly registered with Union Capital Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Collins failed to provide FINRA with a response to its request for Collins’ information. Case No. 2016052044201 (June 20, 2017). […]

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Merrill Lynch Finally Discharges Dick Sladek For Outside Activities

October 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Bruce Sladek of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on August 16, 2017 founded on accusations that Sladek violated Merrill Lynch’s policies by failing to inform the firm about his outside business activities and having participated in an unauthorized financial […]

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Investors Sue Lowell For Bad ETF Trades

October 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jody Bryant Bowers of Abilene Texas a stockbroker formerly registered with Lowell Company Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $6,000,000.00 in damages founded on allegations that (1) Bowers overconcentrated the customer’s assets in exchange traded funds over a six year period by failing to adjust the […]

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FINRA Bars Capital Financial Broker For Failure To Comply

October 23, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Lloyd Mark Johnston of Spokane Washington a stockbroker formerly registered with Capital Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information that had been requested of him. Case No. 2018057318201 (Sept. 4, 2018). According […]

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Morgan Stanley Terminates Broker For Outside Activities

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jorey T. Bernstein of Beverly Hills California a stockbroker formerly employed by Morgan Stanley has been has been terminated on December 9, 2015 founded on Morgan Stanley’s accusations that Bernstein engaged in outside business activities and unauthorized arrangements with a third party. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bernstein is also the […]

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Investors Complaints Against Raymond James Questionable

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mario Joseph Payne of Jacksonville Florida a stockbroker currently employed by Raymond James Financial Services Inc. is the subject of a customer initiated investment related written complaint on May 18, 2018 in which the customer sought $20,000.00 in damages supported by allegations that between November 10, 2017 and February 8, 2018, the customer was placed […]

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CIM Securities Censured By FINRA For Failure To Supervise

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

CIM Securities LLC (also known as Brookline Capital Markets) a brokerage firm headquartered in Centennial Colorado has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that its failed to supervise three registered representatives’ private securities transactions. Letter of Acceptance Waiver and Consent No. 2017052070001 . […]

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Investors Complain Morgan Stanley Sold Bad Closed End Funds

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Floyd Holladay of Mobile Alabama a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related written complaint on August 18, 2017 in which the customer requested $14,000.00 in damages based upon accusations that between April of 2012 and April of 2016, Holladay invested the customer’s money in closed-end funds […]

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Wells Fargo Alleged To Have Ignored Investor Instructions

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ollie Baldwin Harris III of Houston Texas a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related written complaint which settled for $15,000.00 in damages on October 30, 2017 based on accusations that from July 21, 2011 to July 28, 2017, Harris failed to follow the […]

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LPL Financial Broker Fired For Unauthorized Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Scott Davis of Richmond Indiana a stockbroker formerly registered with LPL Financial LLC has been discharged by LPL Financial on August 16, 2017 supported by accusations that Davis violated the firm’s policy by placing trades in LPL Financial customer accounts on a discretionary basis. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that […]

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Investors Sue Hightower For Breach Of Fiduciary Duty

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Michael Shields of Palm Desert California a stockbroker currently employed by Hightower Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages supported by allegations that in reference to the customer’s investment advisory account and variable annuity investments: (1) the customer’s account was handled […]

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FINRA Suspends Merrimac Officer For Failure To Pay Award

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert G. Nash of Altamonte Springs Florida the former compliance officer for Merrimac Corporate Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to confirm with FINRA whether he had complied with FINRA Arbitration No. 16-01128 (May 11, 2018) in […]

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First Allied Blamed By Investors For Bad Tax Advice

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark William Chamberlain of Chesterton Indiana a stockbroker currently employed by First Allied Securities Inc. is the subject of a customer initiated investment related complaint in which the customer requested $94,000.00 in damages founded on allegations that the customer was not provided information about the tax liability pertaining to the activation of a rider that […]

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SA Stone Broker Discharged For Penny Stock Sales

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Milo Ayer of Oakland California a stockbroker formerly registered with SA Stone Wealth Management Inc. has been discharged on August 25, 2017 founded on accusations that Ayer solicited low-priced securities in violation of SA Stone Wealth Management’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on May 10, 2017, a customer […]

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MHA Broker Barred For Failure To Respond To FINRA Request

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Paul Mulvaney of Norwell Massachusetts a stockbroker formerly employed by MHA Financial Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Mulvaney failed to cooperate with FINRA’s information requests. Case No. 2016050424501 (Aug. 21, 2017). FINRA Public Disclosure reveals that Mulvaney was […]

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Investors Blame NFB Financial For Unauthorized Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gary Gustave Benson of Encino California a stockbroker currently employed by NPB Financial Group LLC is referenced in a customer initiated investment related written complaint on August 22, 2017 where the customer sought unspecified damages supported by allegations that (1) unauthorized mutual fund trades were executed in the customer’s account and (2) transactions were effected […]

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Ameriprise Broker Discharged For Soliciting Bad Investments

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Thomas Moran of San Francisco California a stockbroker formerly registered with Ameriprise Financial Services Inc. has been discharged by Ameriprise on August 10, 2017 supported by accusations that Moran failed to conform to the firm’s policies as a result of his solicitation of equities failing to meet the firm’s ratings and research specifications. Financial […]

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Ameriprise Accused Of Bad Annuity Product Sales

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Paul Martin of Wappinger Falls New York a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related written complaint on August 23, 2017 where the customer sought $43,661.73 in damages based upon allegations that from June 2012 to August 2014, Martin sold the customer annuities that […]

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Investors Sue Woodstock Financial Group For Fraud

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Stephen Mark Kiront of Garden City New York a stockbroker formerly employed by Woodstock Financial Group Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested damages estimated at $100,000.00 founded on accusations including (1) negligent unjust enrichment (2) breach of contract (3) suitability (4) breach of fiduciary duty […]

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FINRA Fines Raymond James Broker For Poor Recommendations

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Wendel Gilbert of Houston Texas a stockbroker formerly employed by Raymond James Associates Inc. has been fined $7,500.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to a Raymond James customer. Letter of […]

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Merrill Lynch Accused By Investor Of Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Catherine Mercedes Santiago Toca of Guaynabo Puerto Rico a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,250,000.00 in damages based upon allegations that between July 2011 and August 2017, (1) Toca made investment recommendations to the […]

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Lincoln Investment Discharges Broker For Alleged Fraud

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Vincent Copploe of Youngstown Ohio a stockbroker formerly employed by Lincoln Investment Planning has been discharged by the firm on August 25, 2017 supported by a customer’s allegations that Copploe defrauded the customer in the course of effecting the surrender of a life insurance policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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LPL Blamed By Investor For Omitting ETF Risks

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jordan P. Rider of Overland Park Kansas a stockbroker currently registered with LPL Financial LLC and representative of V Wealth Management is referenced in a customer initiated investment related written complaint which was resolved for $125,000.00 on August 28, 2017 supported by accusations that Rider (1) executed trades in the customer’s account that were not […]

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FINRA Charges MML Broker With Hindering Investigation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly registered with MML Investors Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in Complaint alleging that Woodward failed to cooperate in a FINRA investigation into allegations that he converted a customer’s funds. Department of Enforcement v. Tyler J. Woodward […]

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Investor Sues WFG Investments For Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bert Allen Cooper of Peoria Arizona a stockbroker formerly employed by WFG Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations that misrepresentations had been made to the customer concerning direct participation program and limited partnership interest risks at the time […]

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Ameritas Stockbroker Fined By FINRA For Unauthorized Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel K. Kittner of Mesa Arizona a stockbroker formerly employed by Ameritas Investment Corp. has been has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he exercised discretion in a customer’s account without having written authorization. […]

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Hennion Walsh Sued By Customers For Bad Advice

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Hennion of Parsippany New Jersey the current vice president of Hennion Walsh Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages founded on allegations that inappropriate municipal debt investment recommendations had been made to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01082 (Mar. […]

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FINRA Bars Independent Financial Broker For Obstruction

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who […]

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Edward Jones Blamed By Investors For Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Matthew James Ladendecker of Kingman Arizona a stockbroker currently registered with Edward Jones is the subject of a customer initiated investment related written complaint which was resolved for $15,172.00 on June 7, 2018 supported by accusations that Ladendecker made misrepresentations to the customer concerning the tax consequences of making a distribution from the customer’s individual […]

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Prospera Financial Broker Suspended For Bad Investment Advice

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Wesley Justin Foltz of Alexandria Louisiana a stockbroker formerly employed by Prospera Financial Services Inc. has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Foltz lacked an adequation foundation to conclude that his variable annuity recommendations were suitable for […]

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Liberty Partners Sued For Inappropriate ETF Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Andrew Jonathan Tressler of Holbrook New York a stockbroker formerly registered with Liberty Partners Financial Services LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $173,535.00 in damages based upon accusations that Tressler placed the customer in stock and over-the-counter equities that were not suitable for the […]

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FINRA Suspends MML Broker For Failure To Comply

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tyler V. Schultz of Meridian Idaho a stockbroker formerly registered with MML Investors Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Schultz declined to provide FINRA information about his business activities or sales practices after it had been requested of him […]

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TCM Blamed By Investor For Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Dean Robert Nowak of Winter Park Florida a stockbroker currently registered with Taylor Capital Management Inc. is referenced in a customer initiated investment related written complaint on September 11, 2018 in which the customer sought $6,000.00 in damages supported by accusations that (1) Nowak placed the customer in stocks and annuity investments that were not […]

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Feltl Company Sued For Breach Of Fiduciary Duty

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Luke Wynne of Minnetonka Minnesota a stockbroker currently employed by Feltl Company is referenced in a customer initiated investment related arbitration claim where the customer sought $441,306.00 in damages based upon accusations that between February of 2014 and June of 2016: (1) fiduciary duties owed to the customer had been breached (2) unauthorized stock […]

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Wells Fargo Blamed By Investor For Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Norman Paul Harres of Virginia Beach Virginia a stockbroker currently employed by Wells Fargo Clearing Services, LLC is the subject of a customer initiated investment related written complaint which settled for $62,199.32 on April 23, 2018 based upon accusations that Harres made false statements to the customer regarding the features on a variable annuity purchased […]

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Hornor Townsend Discharges Broker For Violating Policy

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Janie Garza-Clark of Scottsdale Arizona a stockbroker formerly employed by Hornor Townsend Kent Inc. has been discharged by the firm on December 1, 2015 founded on allegations that Garza-Clark violated the firm’s polices. Hornor Townsend Kent Inc. accused Garza-Clark of failing to conform to the firm’s policies concerning the handling of customer account applications; handling […]

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Cantella Broker Barred In FINRA Inquiry

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert William Griffin of Poetry Texas a stockbroker formerly employed by Cantella Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide FINRA with information that had been requested of him. FINRA Public Disclosure confirms that Griffin had been […]

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NYLife Securities Accused Of Bad Insurance Sales

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christina Sevilla Camiling of Glendale California a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which settled for $63,807.56 on December 12, 2017 founded on allegations that the customer was inappropriately placed in variable universal life insurance products and a variable annuity. Financial Industry Regulatory […]

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Investor Blames HSBC For Bad Bond Investments

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brian David Schwartz of New York New York a stockbroker currently employed by HSBC Securities (USA) Inc. is referenced in a customer initiated investment related written complaint which was resolved for $10,000.00 on October 3, 2017 supported by allegations that transactions were placed in the customer’s account that were not suitable for the customer because […]

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Wells Fargo Stockbroker Barred By FINRA For Conversion

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas A. Davis of Hilton Head Island South Carolina a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Davis converted funds from customers and failed to cooperate with FINRA’s investigation into […]

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Bankers Life Blamed For Unauthorized Annuity Purchase

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Paul Lemmon of Baton Rouge Louisiana a stockbroker currently registered with Bankers Life Securities Inc. is the subject of a customer initiated investment related written complaint on July 18, 2017 where the customer sought compensatory damages supported by accusations that Lemmon effected the unauthorized purchase of a fixed annuity. Financial Industry Regulatory Authority (FINRA) […]

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Investors Blame Larson Financial For Insurance Omissions

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Joseph Ferrara of St. Louis Park Minnesota a stockbroker formerly employed by Larson Financial Securities LLC is referenced in a customer initiated investment related written complaint on July 18, 2017 in which the customer requested unspecified damages based upon accusations that (1) omissions had been made to the customer regarding a variable universal life […]

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FINRA Fines Signator Broker For Outside Business Activities

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sidney Joseph Dufresne Jr. of New Orleans Louisiana a stockbroker formerly registered with Signator Investors Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities. Letter of Acceptance Waiver and […]

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LPL Blamed By Investor For Unauthorized Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Ernest Orito of Fresno California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related complaint which settled for $110,000.00 in damages on December 17, 2015 supported by accusations that unsuitable and unauthorized equities trades had been executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) […]

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Investors Accuse Cetera Of Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

David Lee of Flushing New York a stockbroker formerly registered with Cetera Investment Services LLC is referenced in a customer initiated investment related complaint on September 12, 2018 in which the customer requested $15,000.00 in damages based upon accusations that (1) unwarranted investment losses were incurred by the customer on real estate security investments and […]

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Moors Cabot Broker Sanctioned For Unauthorized Activities

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Callum Joseph Fraser Maclean of Boston Massachusetts a stockbroker employed by Moors Cabot Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering as a broker-dealer agent of the firm according to a Consent Order containing findings that Maclean engaged in unauthorized outside business activities […]

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Investor Sues Principal For Bad Mutual Fund Investments

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Patrick Priebe of Waseca Minnesota a stockbroker currently registered with Principal Securities Inc. (also known as Princor Financial Services Corporation) is the subject of a customer initiated investment related arbitration claim where the customer sought $900,000.00 in damages based upon accusations that (1) Priebe executed mutual fund and options transactions in the customer’s account […]

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Morgan Stanley Accused Of Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Karl C. Walz of Shiloh Illinois a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related written complaint which was resolved for $4,511.02 on July 6, 2017 based upon accusations that misrepresentations had been made to the customer concerning the fees charged for the customer’s in-house money manager account. Financial […]

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Valic Financial Broker Discharged For Forgery

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kyle Michael Marburger of Carmel Indiana a stockbroker formerly employed by Valic Financial Advisors Inc. has been discharged by the firm on December 27, 2016 founded on allegations that Marburger forged a customer’s signature on annuity documentation to establish an annuity contract. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that approximately one month before […]

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FINRA Bars Farmers Financial Broker For Failure To Respond

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Christopher John Tiernan of Marshall Town Iowa a former Farmers Financial Solutions LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s request for information about his possible misconduct. Case No. 2016050691901 (July 27, 2017). FINRA […]

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Shearson Broker Suspended By FINRA For Mismarking Orders

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Keith Ellman of Boca Raton Florida a stockbroker formerly employed by Shearson Financial Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked thirty-five customers’ order tickets as having been unsolicited when the orders had […]

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Investor Sues Wells Fargo For Excessive Trading

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Walter Ollmann of Waukesha Wisconsin a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $125,000.00 in damages founded on accusations that Ollmann excessively traded municipal debt products in the customer’s account and caused the customer to suffer unwarranted investment […]

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Pruco Broker Terminated For Unauthorized Activities

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Viet Van Nguyen (also known as Michael Viet Nguyen) of San Jose California a Pruco Securities LLC registered representative has been terminated on January 20, 2017 supported by accusations that Nguyen engaged in unauthorized activities while registered with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on August 30, 2017, a […]

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FINRA Bars Wells Fargo Broker In Theft Investigation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Wilfred Rodriguez Jr. of Boca Raton Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s requests in an investigation into Rodriguez’s purported conversion of customer […]

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Park Avenue Securities Accused Of Failure To Execute

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Anthony Badami of Woodbury New York a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related written complaint that was resolved on July 29, 2016 for $25,000.00 in damages supported by allegations that Badami failed to execute the customer’s instructions of liquidating a managed account and transferring […]

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Investors Sue Ameriprise Financial For Bad Advice

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ronald Dewayne Smith Jr. of Austin Texas a stockbroker formerly employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $136,239.00 in damages based upon allegations that Smith poorly advised the customer concerning CNL Lifestyle Properties Real Estate Investment Trust. Financial Industry Regulatory Authority […]

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NYLife Broker Suspended By FINRA For Settling Complaint

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jose Luis Paula of Tampa Florida a former NYLife Securities LLC registered representative has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he attempted to settle a customer’s complaint away from New York Life. According to the AWC, Paula […]

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Investor Sues CoreCap Investments For Conversion

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Raymond Max Pett of Southfield Michigan a stockbroker currently registered with CoreCap Investments, Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $170,000.00 in damages based upon allegations that Pett was liable for a registered representative having stolen the customer’s assets. FINRA Arbitration No. 18-01283 (August 9, 2018). […]

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Morgan Stanley Sued By Investors For Shoddy Investments

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Shawn David Olson of Scottsdale Arizona a stockbroker currently employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim where the customer sought $5,000,000.00 in damages founded on accusations that Olson executed options transactions in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration […]

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FINRA Fines Morgan Stanley Stockbroker For Customer Loans

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John-Aaron Lenhert of Laguna Niguel California a stockbroker formerly employed by Morgan Stanley has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized customer loan arrangements. Letter of Acceptance Waiver and Consent No. […]

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Oriental Financial Sued By Investor For Breach Of Contract

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michelle M. Vazquez (also known as Michelle M. Vazquez Valentin) of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Services Corp. is the subject of a customer initiated investment related arbitration claim involving Vazquez’s activities in which the customer requested $398,753.25 in damages supported by allegations of (1) breach of contract (2) […]

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Morgan Stanley Broker Barred In Investigation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Halsey Buck III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Buck obstructed FINRA’s investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance Waiver and […]

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Dawson James Sued By Investor For Negligence

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Danilo Dereck Fuentes of Columbia Maryland a stockbroker currently registered with Dawson James Securities, Inc. is referenced in a customer initiated investment related arbitration claim in which Fuentes was found liable on the customer’s claims of (1) breach of contract (2) breach of fiduciary duty (3) negligence and (4) suitability concerning the customer’s investments in […]

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William H. Murphy Co. Fined For Failure To Supervise

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William H. Murphy Co. Inc. a broker-dealer headquartered in Houston Texas and William H. Murphy (president and chief compliance officer) are subject of a National Adjudicatory Council Decision which affirmed FINRA’s Extended Hearing Panel’s findings that the firm effected unregistered and non-exempt securities transactions and failed to supervise the firm’s business practices to ensure compliance […]

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Investors Accuse Wells Fargo Of Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Paul William Morse of New York New York a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related written complaint on July 18, 2017 where the customer sought damages estimated to exceed $5,000.00 supported by allegations that misrepresentations or false statements had been made to the customer […]

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Merrill Lynch Terminates Stockbroker For Cause

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Brian Healy of Albany New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged on July 24, 2017 supported by allegations that Healy failed to comply with Merrill Lynch’s policies and trainings. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Healy has been identified in three customer […]

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FINRA Bars Morgan Stanley Broker For Failure To Cooperate

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kevin Peter Smith of Minneapolis Minnesota a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into accusations that Smith traded in a Morgan Stanley customer’s account without procuring […]

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Investors Accuse NYLife Of Annuity Misrepresentation

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Gail Ann Kincannon of Austin Texas a stockbroker formerly registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint on July 30, 2018 in which the customer requested $39,388.32 in damages supported by accusations that Kincannon had misrepresented the holding period and fees pertaining to a variable annuity purchased by […]

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FINRA Bars Centaurus Broker In Bank Fraud Case

October 22, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Joe Templin of Temple Texas a stockbroker formerly employed by Centaurus Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to produce documentation and information for FINRA in its investigation into accusations of Templin’s bank fraud. Letter […]

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Oppenheimer Broker Suspended For Investor Loans

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick McGrath III of Miami Florida a stockbroker formerly employed by Oppenheimer Co. Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without permission. Letter of Acceptance Waiver and Consent No. 201303723890 […]

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J.J. Hillard W.L. Lyons Sued For Unauthorized Trading

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Ray Wobbe of Louisville Kentucky a stockbroker currently employed by J.J.B. Hilliard W.L. Lyons LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $87,628.56 in damages based upon accusations that (1) unauthorized trades were executed in the customer’s account (2) transactions effected in the customer’s account […]

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Regulator Censures Cambridge Broker For Bad Investments

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Damon Darrell Walker of Davenport Iowa a stockbroker formerly employed by Cambridge Investment Research Inc. has been censured and fined $7,000.00 by Iowa Insurance Division according to an Order containing findings that Walker made inappropriate mutual fund recommendations to the customer and altered the customer’s account documentation. Case No. 98241 (Sept. 7, 2018). Financial Industry […]

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FINRA Fines Lincoln For Failure To Supervise Annuities

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Lincoln Investment a brokerage firm with headquarters in Fort Washington Pennsylvania has been censured and fined $35,000.00 by Financial Industry Regulatory Authority (FINRA) based on consenting to findings that it failed to supervise the rates in which registered representatives made variable annuity exchanges. Letter of Acceptance Waiver and Consent No. 2017052410201 (Sept. 25, 2018). According […]

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Investor Sues LPL Financial For Bad Bonds

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Rey Whitehorn of Hallandale Florida a stockbroker currently employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought more than $5,000.00 in damages supported by allegations that unsuitable corporate-debt transactions were executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01192 (Apr. […]

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NYLife Securities Suspends Broker For Failure To Respond

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Scott Alfredo Miozzi of New Windsor New York a stockbroker formerly registered with NYLife Securities LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to provide a response to FINRA’s request for his information. Case No. 2018058244001 (Aug. 23, 2018). FINRA […]

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MSI Financial Accused By Investors Of Fraud

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mark Andrew Cramer of LaRue Ohio a stockbroker formerly registered with MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint which was resolved for $456,990.00 on June 11, 2018 founded on allegations that (1) Cramer provided documentation containing forged customer signatures to an insurance company so that he could […]

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Investors Blame Morgan Stanley For Unauthorized Trading

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Carl Dennis Hanks of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley Smith Barney is referenced in a customer initiated investment related written complaint on March 11, 2016 where the customer requested unspecified damages based upon allegations that unauthorized mutual fund purchases had been effected in the customer’s account. Financial Industry Regulatory Authority […]

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Despain Discharges Broker For Unapproved Investments

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by Despain Financial Corporation has been discharged by the firm on June 22, 2018 based upon customers’ allegations that Weiser sold them life insurance products and regulation D investment products that were inappropriate for the customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms […]

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Investor Accuses BancWest Of Insurance Policy Omissions

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Tammy Terri Lau of San Francisco California a stockbroker formerly registered with BancWest Investment Services Inc. is the subject of a customer initiated investment related written complaint on June 20, 2016 where the customer requested $55,043.55 in damages based upon allegations that Lau failed to inform the customer about the premium payment terms associated with […]

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FINRA Fines Capitol Securities Broker For Settling Away

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ian Greenblatt of Melville New York a stockbroker currently registered with Capitol Securities Management Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he resolved a customer’s complaint away from Capitol Securities Management Inc. Letter of Acceptance Waiver […]

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FINRA Investigates National Securities Broker For Violations

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donald George Padilla of Alhambra California a stockbroker formerly employed by National Securities Corporation is the subject of a Financial Industry Regulatory Authority (FINRA) investigation concerning possible violations of FINRA Rule 2010, 8210 and 4511 and National Association of Securities Dealers (NASD) Rule 3110. FINRA Public Disclosure reveals that Padilla has been terminated from two […]

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Investors Sue FSC Securities For Bad REIT Sales

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Larry Jefferson Tolbert of Memphis Tennessee a stockbroker formerly registered with FSC Securities Corporation is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that Tolbert put the customer in real estate investment trust products despite those securities having been inappropriate for the customer’s […]

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Raymond James Broker Terminated In Annuity Investigation

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Becky Sue Lynch (also known as Becky Lynch Benfer) of Hagerstown Maryland a stockbroker formerly registered with Raymond James Financial Services Inc. has been terminated by the firm on May 28, 2015 while under internal review of the suitability of transactions effected in Lynch’s customer’s annuity accounts. FINRA Public Disclosure reveals that this is not […]

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UBS Blamed For Bad Investment Advice

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Thomas Gamache of Denver Colorado a stockbroker registered with UBS Financial Services Inc. and representative of IFAM Capital has been referenced in a customer initiated investment related written complaint on July 9, 2018 where the customer requested $86,000.00 in damages founded on allegations that Gamache made unsuitable recommendations to the customer concerning mutual funds […]

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WestPark Capital Terminates Broker For Violating Policy

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Leopold Williams of Staten Island New York a stockbroker formerly registered with WestPark Capital Inc. has been terminated by the firm on May 24, 2017 based upon accusations that Williams failed to conform to WestPark Capital’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that this is not the first time that Williams […]

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Investors Accuse BB&T Of Annuity Fraud

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Martin Ross McClure of Columbia South Carolina a stockbroker formerly employed by BBT Investment Services Inc. is the subject of a customer initiated investment related written complaint which settled for $24,479.01 on September 18, 2018 based upon allegations that McClure effected unsuitable trades in the customer’s variable annuity accounts by placing the customer’s principal at […]

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Investor Sues Independent Financial Group For Fraud

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Aubrey Morrow of San Diego California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon accusations that (1) unregistered tenant in common investments had been sold to the customer (2) the customer’s account transactions lacked […]

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LPL Financial Sued By Investor For Unauthorized Trading

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Samuel Izaguirre of Pembroke Pines Florida a stockbroker registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that (1) Izaguirre did not disclose information about a non-traded real estate investment trust merger and (2) Izaguirre effected the […]

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Albert Gersh Barred For Not Responding To FINRA

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Albert Sidney Gersh of Woodland Hills a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he declined to provide FINRA information that had been requested of him. Case No. 2017053705301 (Sept. 25, 2017). According to FINRA […]

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Oppenheimer Sued by Investor For Fraud

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Steven David Schultz of Palm Beach Gardens Florida a stockbroker currently employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $750,000.00 in damages based upon allegations of (1) the failure to supervise securities transactions placed in the customer’s account (2) misrepresentation (3) breach of […]

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UBS Discharges Broker For Outside Business Activities

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bryon Leonel Reyes of Lafayette Louisiana a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on April 26, 2018 supported by allegations that (1) Reyes failed to inform UBS about his outside business activities and investments after Reyes had already been reprimanded by the firm for his non-disclosures and […]

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Morgan Stanley Broker Suspended For Ignoring FINRA Requests

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly employed by Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he did not respond to a FINRA request regarding his activities. Case No. 2018057266701 (Aug. 13, 2018). FINRA Public Disclosure reveals that […]

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Kobak Accused Of Selling Away Promissory Notes

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Douglas Louis Kobak of Conshohocken Pennsylvania a stockbroker formerly registered with Coastal Equities Inc. is the subject of a customer initiated investment related written complaint which was resolved after the customer sought $200,000.00 in damages based upon allegations of in connection with a promissory note investment sold away in a private securities transaction. Financial Industry […]

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Moors Cabot Broker Barred By FINRA In Theft Investigation

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Todd Clark of Boston Massachusetts a stockbroker formerly employed by Moors Cabot Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with a FINRA investigation into allegations of Clark’s unauthorized use of customer funds. Letter of […]

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Geneos Sued By Investor For Breach Of Fiduciary Duty

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Richard Mark Braverman of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that (1) omissions had been made regarding the risks of investing in direct investments and real estate investments (2) fiduciary duties […]

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FINRA Suspends Wilbanks Broker For Failure To Pay Award

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Aaron Bronelle Wilbanks of Oklahoma City Oklahoma the former president and chief executive officer of Wilbanks Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Wilbanks failed to confirm with FINRA if he complied with paying a customer damages under FINRA Arbitration No. […]

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Ameriprise Terminates Stockbroker For Cause

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Peter Colell Jr. of Westborough Massachusetts a stockbroker formerly employed by Ameriprise Financial Services Inc. has been discharged by the firm on July 20, 2018 based upon allegations that Colell violated the firm’s conduct policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Colell has been identified in five customer initiated investment related […]

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J.P. Morgan Sued For Failure To Execute

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Anthony Robert Anzalone Senior of New York New York a stockbroker currently employed by J.P. Morgan Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $47,000.00 in damages founded on allegations that between February 18, 2017 and January 22, 2018 Anzalone disregarded the customer’s instructions regarding […]

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Lampert Capital Responsible For Investment Losses

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Vincent Joseph Marra of New York New York a stockbroker formerly registered with Lampert Capital Markets Inc. is referenced in a customer initiated investment related written complaint on September 22, 2015 where the customer sought $23,000.00 in damages based upon allegations that Marra was responsible for the customer’s unwarranted investment losses on stock and over-the-counter […]

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Cadaret Grant Sanctioned By SEC For Failure To Supervise

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Cadaret Grant Co. Inc. a broker-dealer headquartered in Syracuse New York along with its president Arthur Grant and chief compliance officer Beda Lee Johnson and stockbroker Eugene James Long have been named in a Securities and Exchange Commission (SEC) Order Instituting Administrative and Cease-and-Desist Proceedings containing findings of the firm’s failure to supervise its representatives’ […]

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Investors Sue Foresters Equity Services For Bad Advice

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael John Rappa of San Diego California a stockbroker formerly registered with Foresters Equity Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by accusations that Rappa poorly advised the customer concerning real estate security transactions executed away from the firm. Financial Industry Regulatory […]

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Liberty Tree Advisors Broker Fined For Outside Activities

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kenneth Edward Greer Jr. of Acton Massachusetts a stockbroker formerly employed by Liberty Tree Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Greer partook in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No. […]

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Transamerica Broker Barred In Investigation

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

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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NYLife Broker Charged With Outside Business Activities

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Partho Sarathi Ghosh of New York New York a stockbroker formerly registered with NYLife Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ghosh participated in an undisclosed outside business activity involving his marketing of finance solutions to prospective customers. Department of Enforcement v. Partho […]

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RBC Capital Markets Blamed By Investor For Bad Advice

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Harry Eades of Dallas Texas a stockbroker formerly registered with RBC Capital Markets LLC is the subject of a customer initiated investment related written complaint on March 29, 2018 in which the customer sought damages estimated to exceed $5,000.00 based upon allegations that (1) Eades over-concentrated the customer in energy sector master limited partnerships […]

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FINRA Bars Deutsche Bank Stockbroker For Obstruction

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jacob Daniel Bourne of New York New York a stockbroker formerly registered with Deutsche Bank Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he hindered a FINRA investigation into Bourne’s alleged mismarking of customer’s order tickets. Letter of Acceptance […]

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Cetera Sued By Investor For Annuity Fraud

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ira Gary Chernick of Woodbury New York a stockbroker currently employed by Cetera Advisors Networks LLC a is the subject of a customer initiated investment related complaint that was settled on December 8, 2017 to resolve allegations that Chernick placed the customer in an inappropriate variable annuity product and made misrepresentations about the product. Financial […]

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FINRA Suspends Wells Fargo Broker For Unauthorized Trading

October 04, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Jay Scherwa of Morris Plains New Jersey a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized trading in customer accounts. Letter of […]

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Investors Sue National Securities Corporation For Churning

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Kirt Samuel of New York New York a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $5,750,000.00 in damages supported by allegations that (1) unauthorized trades were executed in the customer’s account (2) the customer’s over-the-counter equities portfolio was churned […]

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Oppenheimer Sued By Investors For Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Howard Rosenmayer of Los Angeles California a stockbroker currently registered with Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations including (1) omissions and misrepresentation (2) violation of California Securities Act (3) elder abuse (4) negligence (5) breach of […]

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Ameriprise Financial Stockbroker Sanctioned By Regulator

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Vincent Leonard Petrangelo of Springfield Massachusetts a stockbroker employed by Ameriprise Financial Services Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering with Ameriprise in the state of Massachusetts based upon Petrangelo’s history of transgressions including his disclosure of five customer complaints alleging (1) […]

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Edward Jones Discharges Broker For Conduct Violations

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Curtis Lee Howard of Mobile Alabama a stockbroker formerly employed by Edward Jones has been discharged on August 10, 2017 supported by accusations that Howard failed to conform to the firm’s professional conduct standards. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Howard has been identified in two customer initiated investment related disputes pertaining […]

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AXA Accused By Investors Of Misrepresentation

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jon Saul Yasner of Edison New Jersey a current AXA Advisors LLC registered representative is the subject of a customer initiated investment related written complaint on July 30, 2018 in which the customer sought $8,069.85 in damages supported by accusations that misrepresentations had been made to the customer concerning a rollover of the customer’s fixed […]

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Janney Montgomery Accused Of Providing Bad Investment Advice

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Harry Applebaum of Marlton New Jersey a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related written complaint on July 30, 2018 in which the customer sought $15,000.00 in damages supported by accusations that the customer’s risk tolerance was not considered when Applebaum made over-the-counter equities recommendations […]

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Citigroup Censured By FINRA For Failure To Supervise

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Citigroup Global Markets Inc. a broker-dealer headquartered in New York New York has been censured and fined by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it took advantage of customers by overcharging them on mutual fund purchases. Letter of Acceptance Waiver and Consent No. 2016049977601 (Sept. 7, 2018). According […]

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Investors Sue Wells Fargo Advisors For Churning

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sam Aziz of Dublin Ohio a stockbroker formerly employed by Wells Fargo Advisors Financial Network is the subject of a customer initiated investment related arbitration claim in which the customer requested $400,000.00 in damages founded on allegations that Aziz (1) churned the customer’s account (2) executed transactions that were not suitable for the customer and […]

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Brokers International Accused By Investors Of Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Charles Mortellite of Lynnfield Massachusetts a stockbroker formerly registered with Brokers International Financial Services LLC is referenced in a customer initiated investment related written complaint on July 5, 2018 where the customer sought $26,359.00 in damages based upon accusations that Mortellite failed to explain the terms and conditions of investing in variable annuity products. […]

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Morgan Stanley Terminates Broker For Outside Activities

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Raymond Keith Malicki of Easton Pennsylvania a stockbroker formerly employed by Morgan Stanley Wealth Management has been terminated from the firm on July 12, 2018 based upon allegations that Malicki executed transactions in a customer’s account held away from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Malicki is referenced in three […]

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HD Vest Broker Barred For Obstructing Investigation

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jerry Davis Raines of Kilgore Texas a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Raines failed to cooperate with FINRA in an investigation into allegations of his sales of notes pertaining to […]

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Wells Fargo Sued By Investors For Misrepresentation

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Von Reckers of Lakewood Colorado a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related civil action in which the customer sought more than $5,000.00 in damages supported by allegations that Reckers misrepresented the terms and conditions of loan products in addition to the investments […]

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CUSO Investors Complain About Variable Annuities

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jacqueline L. Hanson of Washington D.C., a stockbroker formerly employed by CUSO Financial Services L.P. is the subject of a customer initiated investment related written complaint on June 7, 2018 in which the customer sought $15,000.00 in damages based upon allegations that Hanson failed to inform the customer about the tax treatment and surrender penalties […]

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Investors Sue Joseph Stone Capital For Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sebastian Wyczawski of Holbrook New York a stockbroker currently employed by Joseph Stone Capital L.L.C. is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages supported by accusations including (1) breach of fiduciary duty (2) breach of the duty of good faith and fair dealing (3) misrepresentation (4) […]

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Edward Jones Discharges Broker For Unauthorized Trading

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Edward Alvarez Gonzales of Lakewood Washington a stockbroker formerly registered with Edward Jones has been discharged by the firm on July 10, 2018 based upon accusations that Gonzales violated the firm’s policies by failing to contact customers during the days that he entered trades in their investment accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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FINRA Bars Hazard Siegel Broker In Theft Investigation

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Howard Raymond Utz of Mars Pennsylvania a stockbroker formerly registered with Hazard Siegel Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into allegations of his conversion of a customer’s funds. Letter of Acceptance […]

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Foresters Financial Blamed For Bad Life Insurance Sale

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Hugo Enmanuel Espiritu of New York New York a stockbroker formerly registered with Foresters Financial Services Inc. is the subject of a customer initiated investment related written complaint which was settled on February 22, 2018 to resolve the customer’s accusations that Espiritu placed the customer in an inappropriate variable life insurance contract from September 18, […]

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Invest Financial Blamed For Omissions

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

James Gordon Durso of Waterloo New York a stockbroker formerly employed by Invest Financial Corporation is referenced in a customer initiated investment related written complaint on January 4, 2016 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that the customer was not made aware of the risks of volatility in her […]

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Wells Fargo Stockbroker Barred By FINRA For Obstruction

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Edward Oda Daniel of Fort Worth Texas a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations of his potential unsuitable investment recommendations to customers of Wells […]

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Investor Accuses Fidelity Of Failure To Follow Instructions

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Anthony Canade of Huntington Station New York a stockbroker currently employed by Fidelity Brokerage Services LLC is the subject of a customer initiated investment related written complaint on July 2, 2018 in which the customer requested $79,506.00 in damages founded on allegations that Canade caused the customer to incur unwarranted tax consequences resulting from […]

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LPL Financial Accused By Investors Of Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Salvatore Pico of Fort Lee New Jersey a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on July 3, 2018 in which the customer requested $21,843.55 in damages founded on allegations that omissions had been made to the customer concerning the terms of the variable […]

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FINRA Fines Securities America For Failure To Supervise

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Securities America Inc. a brokerage firm headquartered in La Vista, Nebraska, has been censured and fined $175,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise variable annuity recommendations made by the registered representatives of the firm. Letter of Acceptance Waiver and Consent No. 2016048243101 (Sept. […]

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Investors Accuse AXA Advisors Of Bad Insurance

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Arnold Mariampolski of Woodbury New York a stockbroker currently employed by AXA Advisors LLC is the subject of a customer initiated investment related written complaint on July 6, 2018 where the customer sought unspecified damages founded on accusations that the customer was placed in an insurance policy that failed to address her financial objectives. Financial […]

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TD Ameritrade Accused Of Providing Investor Bad Information

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Joseph Edward Sorok of Great Neck New York a stockbroker currently registered with TD Ameritrade Inc. is referenced in a customer initiated investment related written complaint on July 9, 2018 where the customer sought $182,728.00 in damages supported by accusations that the customer was poorly advised concerning investments in municipal debt products. Financial Industry Regulatory […]

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Questar Blamed Sued For Bad Investment Advice

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Jerry P. Michna of Louisville Ohio a stockbroker formerly employed by Questar Capital Corporation is the subject of a customer initiated investment related written complaint on July 23, 2018 where the customer requested $250,000.00 in damages based upon accusations that energy-sector equity purchases were executed in the customer’s account that were not suitable for the […]

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Bankrupt Broker Fired LPL Financial For Moonlighting

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on July 8, 2018 supported by allegations that Nalesnik engaged in outside business activities in violation of LPL Financial’s policy, and failed to be forthcoming to the firm when questioned about his activities. Financial Industry […]

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Investor Sues Nationwide For Annuity Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Sonnie Lee Lehman of Milford Pennsylvania a stockbroker currently registered with Nationwide Securities LLC is referenced in a customer initiated investment related civil action in which the customer sought $500,000.00 in damages founded on accusations that the customer’s fixed and variable annuity purchases were not suitable for the customer. Case No. 2200-2012-CIVIL (Aug. 6, 2015). […]

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Newbridge Sued By Investor For Breach Of Fiduciary Duty

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

William Sidney Friedman of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $10,000.00 in damages supported by accusations that Friedman (1) engaged in inappropriate equity trading in the customer’s account (2) breached his fiduciary duties to the customer (3) […]

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FINRA Fines NTB Stockbroker For Selling Away

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been fined $15,000.00 and suspended for eighteen months from associating with any FINRA member in any capacity based upon consenting to findings that he engaged in private securities transactions. Letter of Acceptance Waiver and Consent No. 2017056104701 (Sept. 10, […]

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Investors Accuse Merrill Lynch Of Annuity Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Charles Paul Buland of Tulsa Oklahoma a stockbroker currently employed by Merrill Lynch Pierce Fenner and Smith Inc. is referenced in a customer initiated investment related written complaint which was resolved for $18,000.00 on August 21, 2018 supported by accusations that misrepresentations had been made to the customer between June of 2008 and August of […]

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Capital One Accused Of Providing Bad Investment Advice

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Ion Valentin Cangea of New York New York a stockbroker formerly employed by Capital One Investing LLC is referenced in a customer initiated investment related written complaint on January 11, 2017 where the customer requested unspecified damages founded on allegations that the customer’s fixed annuity purchase was unsuitable given the customer’s age when the annuity […]

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FINRA Fines Brokerbank Securities For Due Diligence Failures

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Brokerbank Securities Inc. a FINRA member brokerage firm headquartered in Minnetonka Minnesota has been censured and fined by Financial Industry Regulatory Authority (FINRA) based on the firm’s consent to findings that it failed to conduct reasonable due diligence in a private placement. Letter of Acceptance Waiver and Consent No. 2015043584501 (Sept. 10, 2018). According to […]

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Stifel Nicolaus Accused Of Unauthorized Trading

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Lee Sickler of Denver Colorado a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related written complaint on July 19, 2018 where the customer requested $45,084.00 in damages supported by accusations that (1) unauthorized trades were executed in the customer’s account and (2) the customer’s investment […]

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Investors Accuse MetLife Of Mutual Fund Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

John Vincent Blanchard of Marshfield Massachusetts a stockbroker formerly employed by MetLife Securities Inc. (now known as MSI Financial Services Inc.) is referenced in a customer initiated investment related written complaint on July 23, 2018 in which the customer sought damages estimated to exceed $5,000.00 supported by accusations that (1) misrepresentations had been made to […]

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FINRA Suspends LPL Broker For Outside Business Activities

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Matthew Krieger of New York New York a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without disclosing them to LPL Financial. Letter of […]

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Investors Sue LPL Financial For REITs Sales

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Bradley Clyde Fischer of Troy Michigan a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $450,000.00 in damages supported by allegations that unsuitable real estate investment trust transactions were effected in the customer’s investment account which caused the customer to […]

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Dempsey Lord Smith Terminates Broker For Customer Loans

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Dempsey Lord Smith LLC and representative of Palmetto Premier Advisors has been terminated from those firms between May 9, 2018 and July 3, 2018 founded on accusations that Lessard “borrowed funds” belonging to a customer in violation of the firm’s policy. This […]

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Investors Sue First Standard For Fraud

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Andre Pierre Davis of Red Bank New Jersey a stockbroker currently registered with First Standard Financial Company LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that unsuitable transactions were executed and the customer’s account was churned. Financial Industry Regulatory Authority (FINRA) […]

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ProEquities Fires Broker For Selling Away

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Rick Dean Holt (also known as Rickie Dean Rasmussen) a formerly ProEquities Inc. registered representative has been discharged by ProEquities on July 27, 2018 based upon accusations that Holt failed to inform the firm about his outside business activities concerning another broker dealer or investment advisory. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals […]

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Lincoln Financial Securities Broker Investigated For Lying

September 28, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Eugene Bentley of Mt. Sterling Kentucky a former Lincoln Financial Securities Corporation registered representative is the subject of a Kentucky Department of Financial Institutions investigation into accusations that Bentley made misstatements to the regulator in the course of being audited. Bentley had previously been fined $5,000.00 by The Kentucky Department of Financial Institutions according […]

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Investors Sue RP Capital For Bad Alternative Investments

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Antonio Ramirez of Aliso Viejo California a stockbroker formerly employed by RP Capital LLC is the subject of a customer initiated investment related civil action that settled for $5,795,000.00 in damages founded on allegations that (1) alternative investment transactions were executed in the customer’s account that were not suitable for the customer (2) misrepresentations had […]

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Lincoln Investment Planning Censured For Failure To Supervise

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Lincoln Investment Planning LLC a brokerage firm headquartered in Fort Washington Pennsylvania has been censured by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the firm’s mutual fund sales practices which caused customers to be excessively charged. Letter of Acceptance Waiver and Consent No. 2017053723701 (Sept. […]

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AXA Advisors Broker Barred Over FINRA Inquiry

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Oscar R. Galdamez of Los Angeles California a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he declined to honor FINRA’s requests for information concerning Galdamez’s sales practices. Case No. 2017054032101 (Dec. 11, 2017). Galdamez was […]

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Investors Accuse AXA Advisors Of Misrepresentation

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Henry Calvin McNeese of Alpharetta Georgia a former AXA Advisors LLC registered representative is referenced in a customer initiated investment related written complaint on September 13, 2017 where the customer sought unspecified damages founded on accusations that the customer’s variable universal life insurance policy had been misrepresented. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals […]

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Rhodes Securities Accused Of Breach Of Fiduciary Duty

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

J. Gordon Rhodes of Fort Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages founded on accusations including (1) failure to supervise the customer’s investment activities (2) breach of fiduciary duty (3) and unsuitable over-the-counter […]

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FINRA Bars United Planners Broker For Conversion

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Eugene Donald Anderson (also known as Gene Anderson) a stockbroker formerly registered with United Planners’ Financial Services of America has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted customers’ funds. Letter of Acceptance Waiver and Consent No. 2016051376401 (Feb. 10, […]

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Investor Accuses SunTrust With Annuity Fraud

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Leonardo Max Garcia of Coral Cables Florida a stockbroker formerly employed by SunTrust Investment Services Inc. is referenced in a customer initiated investment related complaint that was settled on August 28, 2018 for $17,875.00 in damages supported by accusations that (1) the customers were not provided information concerning the features and fees of variable annuity […]

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Stifel Nicolaus Accused By Investor Of Churning

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Efram Sukoneck of Florham Park New Jersey a stockbroker formerly employed by Stifel Nicolaus Company is the subject of a customer initiated investment related written complaint on September 22, 2017 where the customer sought $32,500.00 in damages founded on accusations that Sukoneck (1) placed the customers in equities that were not appropriate for them […]

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Edward Jones Discharges Broker For Unauthorized Trading

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas S. Martin of Santa Fe New Mexico a stockbroker formerly registered with Edward Jones has been discharged from the firm on July 28, 2017 based upon accusations that he exercised discretion in customer accounts in violation of Edward Jones’ policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Martin has been identified in […]

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Thrivent Accused By Investor Of Annuity Misrepresentation

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Nathan Walter Wangerin of Denver Colorado a stockbroker currently employed by Thrivent Investment Management Inc. is referenced in a customer initiated investment related written complaint on September 8, 2017 in which the customer sought $23,119.95 in damages founded on allegations that Wangerin misrepresented the rider selected by the customer in connection with the purchase of […]

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Wells Fargo Advisors Stockbroker Barred By FINRA

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Mathew D. Webster of Syracuse New York a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to honor FINRA’s request for his information. Case No. 2016051007901 (Sept. 11, 2017). FINRA Public Disclosure confirms […]

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Investor Sues Hennion Walsh For Bad Bond Recommendations

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Patrick Timothy Walsh of Parsippany New Jersey a stockbroker currently registered with Hennion Walsh Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages founded on accusations that municipal-debt transactions executed in the customer’s account were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) […]

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Regulator Sanctions NBC Securities Broker

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Geoffrey Scott Cambal of West Yarmouth Massachusetts a stockbroker registered with NBC Securities Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering with the firm based upon findings that Cambal has been subject of six complaints that alleged sales practice violations including (1) unauthorized […]

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TriPoint Global Sued For Bad Private Placements

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Robert Scott Nathan of New York New York a stockbroker registered with TriPoint Global Equities LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $150,000.00 in damages founded on accusations that misrepresentations and unsuitable investment recommendations were made in reference to the customer’s private placement investment in Advance Entertainment […]

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SEC Bars PFS Investments Stockbroker For Stealing

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Barkley JW Lundy Jr. (also known as Mike Lundy Jr.) of Rapid City South Dakota a stockbroker formerly registered with PFS Investments Inc. has been barred by Securities and Exchange Commission (SEC) from having any association with any broker or investment adviser according to an Order containing findings that Lundy committed fraud. In the Matter […]

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State Farm Broker Barred By FINRA For Failure To Respond

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Benjamin Philip Brown of Bloomington Illinois a former State Farm VP Management Corp registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to cooperate with FINRA’s request for his information. Case No. 2017054972901 (Dec. 22, 2017). FINRA Public Disclosure confirms […]

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US Bancorp Sued By Investors For Unauthorized Trading

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Steven Wayne Below of Naperville Illinois a stockbroker currently employed by U.S. Bancorp Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $1,020,005.18 in damages supported by accusations that stocks had been sold from the customer’s investment account without the customer’s consent. Financial Industry Regulatory Authority (FINRA) […]

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NYLife Broker Barred By FINRA For Failure To Cooperate

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Daniel Patrick Mullan of Melville New York a stockbroker formerly employed by NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to furnish information to FINRA concerning his sales practices. Case No. 2016048799901 (Sept. 18, 2017). FINRA Public Disclosure […]

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FINRA Investigates Wilson Davis Broker For Fraud

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Craig Stanton Norton of Centennial Colorado a stockbroker currently registered with Wilson Davis Co. Inc. has been named in a Financial Industry Regulatory Authority (FINRA) investigation concerning allegations of Norton potentially defrauding investors. Case No. 20160488374 (July 12, 2018). FINRA has apparently concluded that it should bring a disciplinary action against Norton for allegedly engaging […]

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HD Vest Broker Barred For Obstructing Investigation

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donna Lynn Barnard of Kilgore Texas a stockbroker formerly registered with HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she obstructed a FINRA investigation into accusations of her sales practice violations relating to her Woodbridge promissory notes […]

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TriPoint Charged With Unlawful Penny Stocks

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

TriPoint Global Equities LLC a FINRA member brokerage firm headquartered in New York New York has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that it effected unlawful sales of penny stocks. Department of Enforcement v. TriPoint Global Equities LLC et. al. Disciplinary Proceeding No. 2015048172801 (Sept. 7, 2018). According to […]

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Sanders Morris Sued For Bad Investments

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Donald Anthony Sanders of Houston Texas a stockbroker formerly employed by Sanders Morris Harris LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $18,000.00 in damages supported by accusations that Sanders executed an investment strategy involving stock trading that failed to conform to the customer’s objectives for investing. Financial […]

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FINRA Charges Spencer Edwards Broker With Fraud

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Timothy Tilton Ayre of New York New York a stockbroker formerly employed by Spencer Edwards Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Ayre defrauded customers in reference to their investments in Rocky Mountain Ayre Inc. Department of Enforcement v. Timothy Tilton Ayre Disciplinary Proceeding No. 2016049307801 (Sept. […]

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Berthel Fisher Sued For Bad Investments

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Steve Jeffrey Cummings of Fort Deposit Alabama a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $300,000.00 in damages founded on accusations that (1) Cummings misled the customer concerning direct investment products (2) Cummings placed the customer in inappropriate […]

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Cadaret Grant Fined For Failure To Supervise

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Cadaret Grant Co. Inc. is a FINRA member broker firm headquartered in Syracuse New York who has been censured and fined $800,000.00 by Financial Industry Regulatory Authority (FINRA) based on consenting to findings that it (1) failed to supervise its business practices with a view towards detecting and preventing bad investment recommendations (2) failed to […]

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SunTrust Sued For Bad Investments

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Todd Joseph Thompson of Atlanta Georgia a stockbroker formerly registered with SunTrust Investment Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages supported by allegations that (1) Thompson executed transactions in the customer’s account that were not suitable for the customer and (2) SunTrust Investment […]

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American Independent Securities Broker Barred For Obstruction

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Thomas Joseph Logue Jr. of Hinsdale Illinois a stockbroker formerly employed by American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide recorded testimony for FINRA in the course of an investigation into Logue’s […]

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FINRA Charges NYLife Broker With Conversion

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Marc Anthony Last of Berwyn Pennsylvania a stockbroker formerly registered with NYLife Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he converted a customer’s funds from the customer’s variable annuity. Department of Enforcement v. Marc Anthony Last Disciplinary Proceeding No. 2016052434001 (Sept. 17, 2018). According to the […]

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Securities America Accused Of Misrepresentation

September 27, 2018  |   Posted by :   |   Uncategorized   |   0 Comments

Harry Paez of Russellville Arizona a stockbroker formerly registered with Securities America Inc. is the subject of a customer initiated investment related written complaint on March 1, 2016 w