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Investors Sue Laidlaw Company For Churning

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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FINRA Suspends Garden State Broker In Investigation

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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Investors Sue Stockbroker For Investment Fraud

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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Legend Securities Compliance Officer Admits To Misconduct

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

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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FINRA Bars Windsor Street Stockbroker

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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National Securities Corp Sued For Investment Fraud

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 Bars International Assets Advisory Broker For Failure To Pay Customer Settlement

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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Global Arena Broker Finally Barred For Failure To Pay Award

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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FINRA Bars Stockbroker For Obstructing Boilerroom Investigation

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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FINRA Charges Aegis Capital Corp Broker With Fraud

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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Investors Sue Spartan Capital For Securities Fraud

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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Investors Sue Network 1 For Breach Of Fiduciary Duty

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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Dawson James Sued By Investors For Churning

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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Dawson James Broker Fired For Unregistered Activities

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

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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Alexander Capital Broker Barred In Boilerroom Investigation

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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FINRA Bars Spartan Capital Broker In Investigation

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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SEC Nails Newport Coast Director For Illegal Fees

February 19, 2019  |   Posted by :   |   Boilerroom, Misappropriation of Funds, Stockbroker Fraud News   |   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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Viewtrade Securities Fires Broker For Unsuitable Recommendations

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 Portfolio Advisors Alliance For Churning

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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FINRA Bars Craig Scott Capital Broker For Churning

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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Customers Sue Hennion Walsh For Bad Investments

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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Craig Scott Capital Broker Barred By FINRA

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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Meyers Associates Supervisor Barred For Failure To Supervise

February 05, 2019  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   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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FINRA Bars Rogue Broker In Investigation

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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FINRA Bars Joseph Stone Broker In Investigation

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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Investors Sue World Equity Group For Negligence

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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Spartan Capital Broker Barred For Lying To Regulators

January 19, 2019  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   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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Investors Sue Windsor Street For Fraudulent Sales Practices

January 06, 2019  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   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 Charges Morgan Stanley Brokers With Churning

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 Expels Sandlapper Securities For Fraud

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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FINRA Bars Network One Broker In Investigation

November 23, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   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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Investors Hit Joseph Stone For Churning

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 :   |   Boilerroom, Stockbroker Fraud News   |   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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FINRA Suspends Merrimac Officer For Failure To Pay Award

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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Investors Sue Woodstock Financial Group For Fraud

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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Liberty Partners Sued For Inappropriate ETF Trading

October 22, 2018  |   Posted by :   |   Boilerroom, Exchange Traded Funds, Stockbroker Fraud News   |   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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Dawson James Sued By Investor For Negligence

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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FINRA Fines Capitol Securities Broker For Settling Away

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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Investors Sue National Securities Corporation For Churning

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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The Investment Center Terminates Stockbroker For Fraud

Thomas Ohearn Eifler Sr. of Louisville Kentucky a stockbroker formerly registered with The Investment Center Inc. has been terminated from the firm on February 28, 2017 founded on accusations against Eifler of breach of contract and fraud as referenced in a civil action filed against Eifler. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that […]

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H Beck Accused By Investors of Bad Recommendations

Rodney Michael Dabbondanza of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on November 16, 2017 where the customer requested $15,000.00 in damages based upon accusations that Dabbondanza made recommendations for the customer to change variable annuity investments causing the customer to […]

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Investors Sue Windsor Street Capital For Unauthorized Trading

September 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Jovannie Aquino of New York New York a stockbroker formerly employed by Windsor Street Capital LP is referenced in a customer initiated investment related civil action where the customer requested $171,851.00 in damages supported by accusations of unlawful equity transactions having been executed in the customer’s investment account. Civil Action No. 58-CV-18-327 (July 18, 2018). […]

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Regulator Sanctions Meyers Broker For Unregistered Securities

September 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unregistered Securities   |   0 Comments

John Natale Cucinella of New York New York a stockbroker formerly registered with Meyers Associates, L.P. and advisor employed by Mackrow Asset Management Group is referenced in a Alabama Securities Commission Cease and Desist Order based upon the Commission’s findings that Cucinella made unwarranted statements to a customer about investment returns and engaged the customer […]

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SW Financial Sued By Investor For Churning

Joseph Lianzo of Melville New York a stockbroker currently registered with SW Financial is referenced in a customer initiated investment related arbitration claim where the customer requested $108,215.00 in damages supported by allegations that (1) contractual obligations to the customer were breached (2) unauthorized trades were executed in the customer’s account (3) the customer’s account […]

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Garden State Broker Fined For Unauthorized Trading

September 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Jonathan William Iraggi of Red Bank New Jersey a stockbroker formerly registered with Garden State 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 Iraggi traded in a customer’s account without authorization. Letter of Acceptance Waiver and […]

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SISK Chief Executive Officer Barred For Fraud

September 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Matthew Evan Eckstein of Syosset New York the chief executive officer of SISK Investment Services Inc. and former stockbroker registered with Gould Ambroson Associates LTD has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision issued by FINRA Office of Hearing Officers containing findings […]

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Rockwell Global Capital Sued By Investor For Fraud

September 12, 2018  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Carl Antaki of Melville New York a stockbroker formerly employed by Rockwell Global Capital LLC is the subject of a customer initiated investment related arbitration claim which settled for $8,750.00 in damages based upon allegations that (1) Antaki misrepresented the terms and conditions of over-the-counter equities investments (2) churned the customer’s investment account (3) charged […]

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PFS Fires Stockbroker For Sales Practice Violations

August 25, 2018  |   Posted by :   |   Boilerroom, Forgery, Stockbroker Fraud News   |   0 Comments

Arturo Alejandro Nunez of Miami Lakes Florida a stockbroker registered with PFS Investments Inc. has been discharged on October 20, 2017 founded on accusations of the ceasing of all contractual arrangements between Nunez and the firm and its affiliates. The firm contended that Nunez had unresolvable issues related to his sales practices. Nunez has previously […]

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Investors Sue Worden Capital For Typical Boilerroom Conduct

Richard Foerster Reynolds of Melville New York a stockbroker currently registered with Worden Capital Management LLC is referenced in a customer initiated investment related complaint which settled for $150,000.00 on May 10, 2018 supported by accusations that Reynolds (1) churned the customer’s account (2) charged the customer with excessive commissions (3) effected transactions in the […]

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Investors Sue Garden State Securities For Excessive Trading

August 17, 2018  |   Posted by :   |   Boilerroom, Excessive trading, Stockbroker Fraud News   |   0 Comments

Cristhian Javier Palacios of Hackensack New Jersey a stockbroker currently employed by Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $298,109.00 in damages founded on accusations that stock and over-the-counter equities trades were effected in the customer’s account on an unsuitable and excessive basis […]

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FINRA Investigates Vestech Broker For Misconduct

August 01, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Randy T. Carpen of Saint Louis, Missouri, a stockbroker formerly registered with Vestech Securities, Inc. is referenced in a Financial Regulatory Industry Authority (FINRA) investigation concerning Carpen’s possible unsuitable trading in a customer’s account. FINRA Examination No. 20170526986 (May 10, 2018). Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Carpen is referenced in six […]

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Investor Brings Arbitration Claim Against Spencer Winston For Negligence

July 31, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Vincent Michael Bruno of New York New York a stockbroker currently employed by Spencer Winston Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought damages estimated to exceed $5,000.00 based upon allegations of (1) negligence (2) breach of contract and (3) breach of fiduciary duty pertaining to […]

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Joseph Gunnar Broker Discharged For Unauthorized Trading

July 31, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Steve Baptist of New York New York a stockbroker formerly registered with Joseph Gunnar Co. LLC has been discharged by the firm on May 29, 2018 supported by accusations that Baptist placed unauthorized trades in a customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on February 19, 2014, a customer filed […]

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JP Turner Sued By Customer For Unauthorized Trading

John Alexander Ogrodnick of Farmington Hills Michigan a stockbroker formerly employed by J.P. Turner Company L.L.C. is referenced in a customer initiated investment related arbitration claim where the customer sought $70,000.00 in damages founded on accusations that (1) trades were placed in the customer’s account without the customer’s authorization (2) the customer’s account was handled […]

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Alexander Capital Officer Charged With Failure To Supervise

July 16, 2018  |   Posted by :   |   Boilerroom, Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Timothy John Stack of New York New York a former chief compliance officer registered with Alexander Capital LP is the subject of a Second Amended Notice of Proposed Agency Action and Opportunity for Hearing issued by the Office of the Montana State Auditor Commissioner of Securities and Insurance in which sanctions have been sought against […]

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Investors Sue National Securities Corp For Negligence

July 12, 2018  |   Posted by :   |   Boilerroom, Negligence, Stockbroker Fraud News   |   0 Comments

James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related arbitration claim where the customer requested $432,020.69 in damages founded on allegations including (1) negligence (2) breach of fiduciary duty and (3) suitability relating to alternative investment transactions effected in the customer’s […]

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Andrew Garrett Admits Overcharging Customers

July 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Andrew Garrett Inc. a FINRA broker-dealer located in New York New York has been fined $10,000.00 and censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that customers had been overcharged on equity transactions. Letter of Acceptance Waiver and Consent No. 2015043325601 (June 29, 2018). According to the AWC, between June 17, […]

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Investors Sues SW Financial For Churning

July 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

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

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Investors Sue SW Financial For Unauthorized Trading

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

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JH Darbie Broker Finally Barred For Failure To Respond

June 25, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he neglected to provide FINRA with information during an investigation into his activities. Case No. 2017055553001 (Nov. 24, 2017). […]

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Dawson James Securities Accused Of Unauthorized Trading

June 21, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Michael Victor Mortensen of Dawson James Securities Inc. is the subject of a customer initiated investment related written complaint on August 5, 2017 in which the customer requested $7,029.00 in damages supported by allegations that an unauthorized stock purchase was executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Mortensen […]

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First Standard Broker Suspended For Failure to Pay Award

Joseph Dominick Quinzi of Staten Island New York a stockbroker formerly registered with First Standard Financial Company LLC has been suspended on March 31, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to confirm with FINRA whether he complied with FINRA Arbitration No. […]

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Meyers Associates Stockbroker Suspended For Misconduct

June 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Nas Adel Allan of New York New York a stockbroker formerly registered with Meyers Associates L.P. (now known as Windsor Street Capital LP) has been fined $2,500.00 and suspended 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 […]

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FINRA Affirms Expulsion Of Newport Coast Securities

June 12, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Newport Coast Securities Inc. a former Financial Industry Regulatory Authority (FINRA) member brokerage firm headquartered in New York New York and stockbrokers Douglas Anthony Leone and Andre V. La Barbera are subject of a FINRA National Adjudicatory Council Decision which affirmed FINRA’s Extended Hearing Panel’s findings that (1) the firm and its stockbrokers churned customer […]

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FINRA Lawyers Sue Aegis Capital For Unauthorized Trading

Dominick Joseph Diorio Jr. of Melville New York a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related arbitration claim in which the customer sought $769,690.00 in damages founded on accusations that inappropriate investment recommendations had been made to the customer and unauthorized trades were effected in the customer’s […]

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Windsor Street Broker Suspended For Excessive Trading

May 29, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Gregory J. Anastos of New York New York a stockbroker currently registered with Windsor Street Capital LP (formerly Meyers Associates L.P.) has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that […]

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JD Nicholas Associates Sued For Breach Of Fiduciary Duty

May 17, 2018  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Andrew Owen Brown, of Syosset New York a stockbroker formerly registered with J.D. Nicholas Associates Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon accusations that (1) the customer’s account was churned (2) fiduciary duties owed to the customer had been breached (3) […]

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Blackbook Capital Broker Fined By FINRA For Suitability

May 17, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Suitability   |   0 Comments

Philip Orezio Fatta of New York New York a stockbroker formerly registered with Blackbook Capital LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he executed unsuitable trades in customer’s investment accounts. Letter of Acceptance, […]

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H Beck Sued For Sale of Unsuitable Investments

Phylyp Arthur Wagner of McLean Virginia a stockbroker employed by H. Beck, Inc., is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages based upon allegations that Wagner made unsuitable investment recommendations to the customer by advising an over-concentration of the customer’s funds in illiquid direct investment products. […]

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Customer Sues Laidlaw For Churning

Robert Ruvein Yasnis of Melville New York a stockbroker formerly registered with Laidlaw Company (UK) Ltd. Is the subject of a customer initiated investment related arbitration claim which settled for $20,000.00 in damages supported by accusations that (1) Yasnis effected excessive trades in the customer’s account (2) placed the customer in equities that were inappropriate […]

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SW Financial Fires Broker For Unauthorized Trading

April 27, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

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

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FINRA Bars Bad Buckman Buckman Broker

April 27, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Ron Jason Ison of Little Silver New Jersey a stockbroker formerly registered with Buckman Buckman and Reid Inc. was 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 of Ison effecting unsuitable and unauthorized trades in customer […]

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Customer Accuses Dawson James of Misconduct

April 18, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Marc S. Steinberg of Boca Raton Florida is a stockbroker formerly registered with Dawson James Securities, Inc. who is the subject of customer initiated investment related complaint in which the customer sought $16,833.18 in damages supported by accusations that unsuitable equity transactions had been effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Public […]

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National Securities Corporation Sued For Negligence

Daniel Gerard Derepentigny of Rocklin, California is a former stockbroker with National Securities Corporation who is the subject of a customer initiated investment related arbitration claim where the customer requested $1,000,000.00 in damages based upon accusations of (1) suitability (2) breach of fiduciary duty (3) negligence and (4) misrepresentation pertaining to over-the-counter equities transactions effected […]

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FINRA Bars Legend Securities Stockbroker For Fraud

April 08, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Richard Gomez of New York New York is a former Legend Securities Inc. stockbroker who is subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which contained findings that Gomez (1) made fraudulent misrepresentations to customers (2) recommended securities that were not suitable for customers and (3) sold investments away from Legend […]

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Westpark Broker Barred For Obstructing Investigation

Lawrence John Fawcett Jr. of Los Angeles California is a stockbroker formerly registered with Westpark Capital Inc. 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 of Fawcett’s unapproved outside business activities. Letter of Acceptance […]

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Global Arena Broker Sanctioned For Failure To Comply

April 05, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Niaz Elmazi of New York New York is a stockbroker formerly registered with Global Arena Capital Corp who has been sanctioned on May 5, 2017 by Financial Industry Regulatory Authority (FINRA) based upon allegations that Elmazi failed to confirm with FINRA whether he complied with FINRA Arbitration No. 16-00350 (Feb. 24, 2017) in which he […]

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Paulson Broker Barred For Failure To Respond To FINRA

March 22, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Minish Joe Hede of New York New York is a stockbroker formerly registered with Paulson Investment Company LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide a response to FINRA’s request for information pertaining to Hede’s activities. FINRA […]

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PHX Financial Broker Barred For Hindering Investigation

March 22, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Stephen John Woods of Hauppauge New York is a stockbroker formerly registered with PHX Financial Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations of his trading in customer accounts. Letter of Acceptance Waiver […]

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Investors Capital Corp Broker Fined For Settling Away

March 22, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Craig Dean Blattner of Longwood Florida is a stockbroker formerly registered with Investors Capital Corp who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he settled an Investors Capital Corp customer’s complaint away from the firm. Letter of Acceptance […]

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Paulson Stockbroker Fired For Unsuitable Recommendation

March 16, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Christopher Charles Degroat of Portland Oregon is a stockbroker formerly registered with Paulson Investment Company LLC who has been fired on July 26, 2017 founded on accusations that he made an investment recommendation that was not suitable for the customer and furnished fake subscription documentation to Paulson Investment Company to effect transactions. Financial Industry Regulatory […]

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Legend Securities Accused Of Excessive Commissions

March 11, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

John N. Girgis of New York New York is a stockbroker formerly registered with Legend Securities Inc. who is the subject of a customer initiated investment related written complaint which settled for nearly ten thousand dollars in damages founded on allegations that the customer was charged excessive commissions for over-the-counter equities transactions executed in the […]

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Avenir Broker Barred By FINRA For Failure To Pay Award

March 07, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Vladimir Belyaev of New York New York is a stockbroker formerly registered with Avenir Financial Group who 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 confirm with FINRA whether he complied with his obligations pertaining to FINRA Arbitration […]

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National Security Broker Fined For Failure To Supervise

February 20, 2018  |   Posted by :   |   Boilerroom, Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Michael Ciro Colletti of Melville New York is a stockbroker formerly registered with National Securities Corporation who has been fined seven thousand five-hundred dollars and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement containing findings that Colletti failed […]

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FINRA Fines Aegis Stockbroker For Unauthorized Trading

February 20, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Cory D. Bataan of Melville New York is a stockbroker currently registered with Aegis Capital Corp. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he executed trades in customer investment accounts without authorization. Letter of Acceptance […]

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Regulator Accuses Woodstock Broker Of Fraud

February 19, 2018  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Ryan Michael Murnane of Staten Island New York is a stockbroker formerly registered with Woodstock Financial Group who is subject of a Notice of Proposed Agency Action and Opportunity for Hearing brought by the Office of the Commissioner of Securities and Insurance Montana State Auditor which alleged that Murnane committed securities fraud. In the Matter […]

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Customer Sues Laidlaw For Stock Trading Suitability

January 26, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Lawrence Marc Lowe, of New York, New York, a stockbroker formerly employed with Laidlaw & Company (UK) Ltd., is the subject of a customer initiated investment related arbitration claim, which settled for $7,500.00 in damages supported by accusations that between 2015 and 2017, unsuitable stock and over-the-counter equities transactions were executed in the customer’s investment […]

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Worden Broker Sanctioned For Failure To Pay Fine

January 10, 2018  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Abed William Lulu, of Melville, New York, a stockbroker formerly registered with Worden Capital Management, was subject of the revocation of Lulu’s securities registration by Financial Industry Regulatory Authority (FINRA) based upon his failure to pay FINRA a $5,000.00 fine relating to a FINRA enforcement action in which Lulu was sanctioned for failing to make […]

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Four Points Stockbrokers Charged By SEC With Churning

December 15, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Zachary S. Berkey and Daniel T. Fischer, of Melville, New York, stockbrokers registered with Four Points Capital Partners LLC, were subject of a Complaint brought by the Securities and Exchange Commission containing accusations that Berkey and Fischer made unsuitable investment recommendations to customers, misrepresentations, and churned customers’ accounts. Securities and Exchange Commission v. Zachary S. […]

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Joseph Gunnar Fined For Failure To Supervise Trading

December 15, 2017  |   Posted by :   |   Boilerroom, Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Joseph Gunnar & Co. LLC, a FINRA brokerage firm headquartered in New York, New York, has been censured and fined $60,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that the firm failed to develop supervisory procedures to identify and stop unsuitable trades from being executed in customers’ investment accounts. Letter of Acceptance, Waiver […]

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Obsidian Financial Group Sued For Failure To Supervise

December 15, 2017  |   Posted by :   |   Boilerroom, Failure To Supervise   |   0 Comments

Michael Anthony Regina, of Lynbrook, New York, a stockbroker formerly registered with Obsidian Financial Group, LLC, is the subject of a customer initiated investment related arbitration claim, which settled for $14,000.00 in damages based upon allegations that Regina failed to create and maintain adequate supervision systems to detect and prevent violation of securities laws relating […]

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Brookville Capital Broker Suspended For Unauthorized Trades

December 15, 2017  |   Posted by :   |   Boilerroom, Unauthorized Trading   |   0 Comments

Michael Lawrence Oromaner, of Uniondale, New York, a stockbroker formerly registered with Brookville Capital Partners, has been fined $25,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected unauthorized trades in a customer’s investment account. Letter of Acceptance, Waiver […]

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FINRA Fines Joseph Gunnar Stockbroker For Suitability

December 15, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Anthony Sica, of New York, New York, a stockbroker currently registered with Joseph Gunnar & Co. LLC, has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to the customer and placed unauthorized […]

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National Securities Corp Accused Of Misrepresentation

November 28, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with National Securities Corp., is the subject of a customer initiated investment related written complaint on May 15, 2017, in which the customer requested $23,000.00 in damages based upon allegations of misrepresentation and suitability concerning alternative investments effected in the customer’s account. Financial Industry Regulatory […]

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Alexander Capital Stockbroker Barred By SEC For Fraud

November 21, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Laurence M. Torres of West Mifflin, Pennsylvania, a stockbroker formerly registered with Alexander Capital, L.P., has been barred from working as a broker or investment advisor or affiliating with brokerage firms or investment advisories based on a Securities and Exchange Commission Order containing findings that Torres committed securities fraud by effecting unsuitable and misrepresented transactions, […]

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Alexander Capital Stockbrokers Charged With Fraud

November 21, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

William C. Gennity, of Staten Island, New York, and Rocco Roveccio, of Freehold, New Jersey, stockbrokers employed with Alexander Capital, have been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that they made fraudulent investment recommendations to customers, misrepresentations, churned customer investment portfolios, and traded without authorization from 2012 to 2014. Securities […]

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FINRA Investigates Meyers Associates Broker For Fraud

November 20, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Bruce Meyers, of New York, New York, a stockbroker formerly registered with Meyers Associates, L.P., is the subject of a Wells Notice issued by Financial Industry Regulatory Authority (FINRA), wherein enforcement action is pending against Meyers based upon allegations that he willfully violated NASD Rules 3010, 2440, IM-2440, 1031, IM-1000-3, 1021; FINRA Rules 4511, 4530, […]

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Salomon Whitney Stockbroker Suspended By FINRA

November 20, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Christopher Anthony Fernan, of Melville, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of his failure to provide FINRA with a response to a request for information about Fernan’s business activities. Case No. 2017053314901 […]

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