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Worden Stockbroker Sanctioned For Unauthorized Transactions

August 16, 2019  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Yousuf Saljooki (also known as Joe Saljooki) of Melville New York a stockbroker employed by Worden Capital Management LLC has been fined $20,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that (1) Saljooki gave customers investment advice and sold […]

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SW Financial Stockbroker Sanctioned For Excessive Trading

August 16, 2019  |   Posted by :   |   Boilerroom, Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Richard James Coleman (also known as Rich Coleman and as Rick Coleman) a stockbroker registered with SW Financial has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Coleman traded in customer accounts in excessive amounts and (2) […]

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Paulson Stockbroker Sanctioned By FINRA For Unauthorized Trading

Matthew David Albers of Vienna Virginia a stockbroker formerly registered with Paulson Investment Company LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that trades were placed by Albers in customer accounts without authorization. Letter of Acceptance Waiver and Consent No. […]

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FINRA Bars Worden Capital Stockbroker In Investigation

Joseph Francis Valdini of Garden City 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 supported by accusations that Valdini failed to respond to a request FINRA made regarding Valdini’s activities which possibly related to his disclosures […]

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Legend Securities Sued By Investors For Fraud

Michael Salvatore Stanton of New York New York a former Director of Capital Markets for Legend Securities Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $15,000,000.00 in damages founded on allegations that (1) contractual obligations to the customer had been breached (2) the customer’s account was administered […]

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Regulator Bars Titus Rockefeller Stockbroker For Fraud

Andre Vincent LaBarbera of Dix Hills New York a stockbroker formerly registered with Titus Rockefeller LLC has been barred by Florida Office of Financial Regulation based upon findings that (1) LaBarbera churned customer accounts to generate commissions (2) LaBarbera effected trades that failed to be suitable for customers given their investment profiles (3) LaBarbera utilized […]

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Regulator Sanctions Spartan Capital Stockbroker For Misconduct

Dean John Kajouras of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a Consent Order issued by the State of Massachusetts Securities Division which required Kajouras to cease and desist from making unsuitable recommendations or engaging in other conduct violative of Massachusetts Securities Laws and required Kajouras […]

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Investors Sue Salomon Whitney For Churning

Ahmad Wares (also known as Kevin Wares) of Melville New York a stockbroker formerly registered with Salomon Whitney Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $195,132.00 in damages based upon allegations that (1) Wares breached his contractual obligations to the customer (2) Wares executed unauthorized […]

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Investors Sue Legend Securities For Securities Fraud

Bernardo Misseri of Staten Island New York a stockbroker formerly registered with Legend Securities Inc. has been ordered by a Financial Industry Regulatory Authority (FINRA) Arbitration Panel to pay a customer $110,622.95 in compensatory damages and $629,241.78 in punitive damages based upon the Panel finding that (1) Misseri negligently transacted in the customer’s account (2) […]

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Tutus Rockefeller Stockbroker Barred For Securities Fraud

Antonio Costanzo of Chesapeake Virginia a stockbroker formerly employed by Titus Rockefeller LLC (also known as TR Capital Group LLC) has been fined $10,000.00 and barred by Florida Office of Financial Regulation according to an Order founded on accusations that (1) Costanzo engaged in fraudulent investment transactions (2) Costanzo executed trades on margin without having […]

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American Capital Sued By Investors For Negligence

Timothy Vincent Longo of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $43,000.00 in damages founded on allegations that (1) Longo made unsuitable stock trades in the customer’s account (2) Longo breached his contractual obligations (3) […]

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Spartan Capital Securities Sued By Investors For Fraud

Jason M. Santini of Garden City New York a stockbroker formerly employed by Spartan Capital Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $655,000.00 in damages supported by accusations that (1) Santini violated his fiduciary duties to the customer (2) Santini effected transactions in the customer’s […]

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J.D. Nicholas Stockbroker Barred For Failure to Pay FINRA Arbitration Award

Matthew DiGregorio of Syosset New York a stockbroker formerly employed by J.D. Nicholas Associates Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of DiGregorio’s failure to comply with paying compensatory damages to a customer after DiGregorio was found liable by a FINRA Arbitrator […]

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Investors Continued to Accuse Alexander Capital Of Misconduct

Jason Vincent Mediate of Staten Island New York a stockbroker formerly registered with Alexander Capital L.P. is the subject of a customer initiated investment related complaint on November 15, 2017 in which the customer requested $38,800.00 in damages supported by accusations that the stock and over-the-counter equities transactions effected in the customer’s account during the […]

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K.C. Ward Stockbroker Barred For Failure To Cooperate in Regulatory Investigation

Carlos Nestor Evertsz-Seda of Ronkonkoma New York a stockbroker formerly registered with K.C. Ward Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Evertsz-Seda disregarded a FINRA inquiry possibly concerning Evertsz-Seda being subject of customer initiated investment related disputes. Case No. 2016052401401 (Mar. […]

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Woodstock Stockbroker Sanctioned For Churning

Joseph Louis Derrico of Staten Island New York a stockbroker formerly employed by Woodstock Financial Group has been fined $5,000.00 and required to pay $101,324.39 in restitution according to a State of Montana Securities Division Order based on accusations of (1) excessive and unauthorized equity trades being effected by Derrico in accounts of Woodstock Financial […]

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Garden State Securities Sued For Unauthorized Trading

Mary Ann Wise (also known as Mary Ann Bugliaro and as Mary Ann Ricker) of Hackensack New Jersey a stockbroker formerly registered with Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages founded on allegations that (1) unauthorized options and equities trades were […]

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FINRA Bars J.P. Morgan Stockbroker In Investigation

July 02, 2019  |   Posted by :   |   Boilerroom, Excessive Markups, Stockbroker Fraud News   |   0 Comments

Daniel M. Soliman of New York New York a stockbroker formerly employed by J.P. Morgan Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Soliman failed to cooperate with a FINRA investigation into whether FINRA Rules and federal securities laws had been violated […]

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Investors Accuse Worden Capital Management Of Churning

Michael Anthony Valdini of Garden City New York a stockbroker currently registered with Worden Capital Management LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $2,115,095.00 in damages supported by accusations that (1) unauthorized transactions were effected in the customer’s account (2) transactions executed in the customer’s […]

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Investors Sue Meyers Associates For Churning

Matthew Angelo Siliato of New York New York a stockbroker formerly registered with Meyers Associates LP (a firm later known as Windsor Street Capital) is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages based upon accusations that while Siliato was employed by Meyers Associates LP, bad […]

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FINRA Bars Benjamin Jerold Stockbroker For Obstruction

Rand Alan Heckler of Glen Cove New York a stockbroker formerly registered with Benjamin Jerold Brokerage I LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Heckler failed to cooperate with a FINRA investigation into allegations of (1) Heckler misappropriating funds […]

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Woodstock Financial Sued By Investors For Fraud

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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COR Clearing Stockbroker Suspended For Failure To Pay Award

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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Meyers Stockbroker Barred By SEC For Fraud

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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Investors Sue Legend Securities For Churning

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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Investors Sue Woodstock Financial For Securities Fraud

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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Investors Sue Windsor Street For Unsuitable Investment Advice

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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FINRA Bars Global Arena Stockbroker For Failure To Pay Arbitration Award

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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Investor Sues Buckman Reid For Private Placement Fraud

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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Windsor Street Capital Expelled By FINRA For Fraud

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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Woodstock Financial Sued By Investors For Fraud

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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Laidlaw Company UK Ltd. Sued By Investors For Churning

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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Investors Sue J.D. Nicholas Associates For Churning

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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Salomon Whitney Sued For Breach Of Fiduciary Duty

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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TFS Stockbroker Suspended For Failure To Pay Arbitration Award

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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Buckman Buckman Reid Admits To Failure To Supervise Rogue Brokers

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 Sue Revere Securities For Breach Of Contract

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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Aegis Capital Stockbroker Barred By FINRA For Churning

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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Worden Capital Sued By Investors For Fraud

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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Investors Sue Network 1 For Private Placement Fraud

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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SEC Bars Meyers Associates Stockbroker For Fraud

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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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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Legend Securities Stockbroker Barred Defrauding Blind Woman

November 20, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Hank Mark Werner, of New York, a stockbroker formerly registered with Legend Securities, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Extended Hearing Panel Decision containing findings that Werner made unsuitable investment recommendations to a customer and engaged […]

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Customer Sues John Thomas Financial For Suitability

November 07, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Johnnie Melvin Jones, of New York, New York, a stockbroker formerly registered with John Thomas Financial, has been named in a customer initiated investment related arbitration claim wherein the customer requested $112,000.00 in damages based upon allegations of breach of fiduciary duty, suitability and misrepresentation regarding over-the-counter equities transactions executed in the customer’s investment portfolio. […]

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Charles Vista Sued By Customer For Suitability

November 01, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Joseph Varvara, of Staten Island, New York, a stockbroker formerly registered with Charles Vista, LLC, is the subject of a customer initiated investment related arbitration claim, where the customer requested $43,823.00 in damages based upon allegations that over-the-counter equities investment transactions were executed in the customer’s account that were not suitable for the customer. Financial […]

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Westminster Financial Sued For Botched Investments

November 01, 2017  |   Posted by :   |   Boilerroom, Churning, Unauthorized Trading   |   0 Comments

Louis Anthony Telerico of Dayton, Ohio, a stockbroker formerly registered with Westminster Financial Securities, Inc. has been named in a customer initiated investment related arbitration claim, in which the customer requested $426,000.00 in damages based upon allegations that Telerico executed art and land based transactions that led the customer to sustain losses. FINRA Arbitration No. 17-00988 […]

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Customer Sues Woodstock Financial For Fraud

November 01, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Blake H. Kiernan, of Garden City, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., has been named in a customer initiated investment related arbitration claim, in which the customer requested $200,000.00 in damages based upon allegations of breach of contract, unsuitability, breach of fiduciary duty, fraud, unauthorized trading, churning, and excessive trading […]

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Regulator Suspends Legend Securities Broker For Churning

November 01, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Marlin O. Cole, of New York, New York, a stockbroker registered with Legend Securities, Inc., has been fined $5,000.00 and suspended for sixteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he effected trades on an excessive and unsuitable basis in customer accounts. Letter […]

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Herbert J Sims Stockbroker Barred For Obstruction

November 01, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Robert Baldwin Del Guercio, a stockbroker formerly registered with Herbert J. Sims & Co. Inc., has been barred from associating with any FINRA member in any and all capacities based upon allegations that he failed to cooperate in a FINRA investigation into allegations of his improper conduct. Letter of Acceptance, Waiver and Consent, No. 2016051166301 […]

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Buckman Buckman Reid Sued For Fraud

September 15, 2017  |   Posted by :   |   Boilerroom, Private Placement Fraud   |   0 Comments

Christopher Joseph Marnelego, of New York, New York, a stockbroker formerly registered with Buckman, Buckman and Reid, Inc., is the subject of a customer initiated investment related arbitration claim, which settled on January 15, 2016, for $37,500.00 in damages resting on allegations that Marnelego made unsuitable investment recommendations to the customer as well as misrepresentations […]

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WestPark Capital Sued For High Pressure Sales Tactics

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

John Anthony Orlando, of Fort Lauderdale, Florida, a stockbroker currently registered with Westpark Capital, Inc., is the subject of a customer initiated investment related written complaint on March 28, 2017, where the customer sought $5,000.00 in damages based upon allegations that Orlando engaged in high pressure sales tactics regarding the liquidation of equity investments in […]

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Alexander Capital Stockbroker Barred For Fraud

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

Peyton Nelson Jackson, of New York, New York, a stockbroker formerly registered with Alexander Capital, L.P., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Hearing Officer’s Default Decision containing findings that Jackson made unsuitable investment recommendations and defrauded customers. Department of Enforcement v. Peyton […]

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Craig Scott Capital Executives Barred

August 31, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Craig Scott Taddonio, owner and president of Craig Scott Capital, LLC, as well as Brent Morgan Porges, owner and chief compliance officer, and Edward Beyn, the firm’s registered representative, were all barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Extended Hearing […]

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Regulator Suspends Salomon Whitney Stockbroker

August 26, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Gregory Flemming Jr., of Farmingdale, 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 that Flemming failed to demonstrate to FINRA staff that he complied with a customer initiated investment related settlement arrangement or arbitration […]

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Rockwell Global Capital Sued For Negligence

August 26, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

James Robert Pecoraro, of Melville, New York, a stockbroker formerly registered with Rockwell Global Capital LLC, is the subject of a customer initiated investment related arbitration claim, which settled on July 10, 2017, for $13,500.00 in damages based upon allegations that Pecoraro breached his contractual and fiduciary obligations to the customer, and negligently traded the […]

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Regulator Charges Windsor Street For Excessive Trading

August 26, 2017  |   Posted by :   |   Boilerroom, Churning   |   0 Comments

Windsor Street Capital (formerly Meyers Associates, L.P.), a brokerage firm headquartered in New York, New York, as well as its stockbrokers, Nas Adel Allan and Gregory J. Anastos, were charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging, inter alia, that customers’ investment accounts were traded on an excessive and […]

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Joseph Stone Capital Stockbroker Barred

August 17, 2017  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Christopher John Calandrino, of Holbrook, New York, a stockbroker formerly registered with Holbrook, New York, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information about his business activities. Letter No. 2016051602401 (Feb. 10, 2017). FINRA Public Disclosure […]

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Another Buckman Buckman Reid Stockbroker Suspended

August 17, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration   |   0 Comments

Dwarka Persaud, of Little Silver, New Jersey, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he violated a heightened supervision agreement imposed by New Jersey Bureau of Securities by effecting, inter alia, unauthorized trades in customer accounts. Letter of […]

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Laidlaw Sued By Customer For Misconduct

August 17, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration   |   0 Comments

George Lance Calhoun, of New York, New York, a stockbroker registered with Laidlaw & Company (UK) Ltd., is the subject of a customer initiated investment related arbitration claim on April 12, 2017, where the customer requested $114,199.00 in damages based upon allegations that Calhoun effected unsuitable and unauthorized equity trades in the customer’s account. Financial […]

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Regulator Suspends Joseph Stone Stockbroker

August 15, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Nicolas Esteban Arango, of Syosset, New York, a stockbroker formerly registered with Joseph Stone Capital L.L.C., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Arango failed to provide FINRA staff with information after it was requested of him. Case No. 2017053874801 (May 22, […]

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Regulator Bars Aegis Capital Corp Stockbroker

August 02, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Kenneth Lee Jones, of New York, New York, a stockbroker formerly registered with Aegis Capital 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 provide FINRA with information during FINRA’s investigation into allegations of Jones’ sales practice violations […]

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Aegis Capital Corp Party In Fraud Case

July 29, 2017  |   Posted by :   |   Boilerroom, Suitability   |   0 Comments

James Bradley Schwartz, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp., is the subject of a customer initiated investment related arbitration claim on April 28, 2017, in which the customer requested $269,131.00 in damages based upon allegations against Schwartz of breach of fiduciary duty, breach of contract, omissions and misrepresentations, […]

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Legend Securities Sued For Churning

July 05, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Brandon Joseph Vassallo, of Syosset, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim on May 18, 2016, where the customer sought $750,000.00 in damages based upon allegations that Vassallo charged excessive commissions, churned the customer’s investment portfolio, effected transactions in the that […]

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Rockwell Global Capital Sued For Fraud

July 03, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Douglas Joseph Guarino, of Melville, New York, a stockbroker formerly registered with Rockwell Global Capital LLC, has been named in a customer initiated investment related arbitration claim on June 25, 2015, in which the customer requested $205,000.00 in damages based upon allegations of the firm’s failure to supervise Guarino’s activities involving equity transactions effected in […]

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Worden Capital Management Stockbroker Sanctioned

June 19, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

John Sebastion Cangialosi, of New York, New York, a stockbroker registered with Worden Capital Management, has been sanctioned by The State of Michigan pursuant to a Stipulation and Order for Withdrawal, wherein Cangialosi agreed not to apply in the state for a securities agent or investment advisor designation due to his unethical and deceitful business […]

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Global Arena Capital Stockbroker Suspended

June 19, 2017  |   Posted by :   |   Boilerroom, Exchange Traded Notes, Stockbroker Fraud News   |   0 Comments

James Flower, of Melville, New York, a stockbroker formerly registered with Global Arena Capital Corp., has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable exchange traded notes recommendations to customers. Letter of Acceptance, Waiver and Consent, […]

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New York Broker Barred By FINRA For Defrauding Elderly Investor

Craig David Dima of Ronkonkoma, New York settled his regulatory enforcement action with FINRA by agreeing to a permanent bar from the securities industry. The bar is based on Dima’s conduct relating to an account for a 73 year-old retiree which included unauthorized trades, misrepresentations and excessive fees and commissions charged to the elderly client. […]

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Legend Securities Sued For Churning

June 13, 2017  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Scott Jason Hechler, of New York, New York, has been named in a customer initiated investment related arbitration claim, which settled on July 5, 2016, for $24,999.00 in damages based upon allegations that he made misrepresented investment products, churned the customer’s account, and deceived the customer in reference to stock transactions effected in the customer’s […]

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Blackbook Capital Stockbroker Barred By Regulator

June 13, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Andrey V. Tkatchenko, of New York, New York, a stockbroker formerly registered with Blackbook Capital LLC, has been stripped of his securities licensure with Financial Industry Regulatory Authority (FINRA) based upon allegations that Tkatchenko neglected to pay costs and fines assessed to him by FINRA for committing sales practice violations. Case No. 2011028647101 (Dec. 4, […]

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Dewaay Financial Network Broker Suspended By Regulator

June 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Donald Gene Dewaay Jr., of Clive, Iowa, a stockbroker formerly registered with Deeway Financial Network, LLC, has suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to correspond with FINRA staff regarding his compliance with a customer initiated investment related settlement or arbitration concerning […]

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Newbridge Securities Broker Suspended By Regulator

Steven Michael Wisniewski, of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Wisniewski never corresponded with FINRA regarding his compliance with the terms of a customer initiated investment related dispute settlement or […]

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Alexander Capital Stockbroker Charged With Securities Fraud

June 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

William Christian Gennity, of New York, New York, a stockbroker formerly registered with Alexander Capital, L.P., has been identified in a Securities and Exchange Commission (SEC) Complaint on February 2, 2017, in which the SEC has pursued sanctions against Gennity based upon allegations that he committed fraudulent stock transactions; conduct violative of Securities Act of […]

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Legend Securities Named In Customer Arbitration

June 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Marlon O. Cole, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, in which a customer was awarded $80,600.00 on June 16, 2016, based upon allegations that Cole failed to execute the customer’s instructions to sell equity positions after ten […]

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Legend Securities Broker Sanctioned For Churning

May 30, 2017  |   Posted by :   |   Boilerroom, Churning   |   0 Comments

Steven John Meyer, of Staten Island, New York, a stockbroker formerly registered with Legend Securities, Inc., was fined $100,000.00 and suspended from acting as a broker-dealer in any capacity in The State of New Hampshire pursuant to a New Hampshire Bureau of Securities Regulation Order founded upon allegations against Meyer including, inter alia: the failure […]

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Allied Beacon Partners Broker Bad Recommendations

May 25, 2017  |   Posted by :   |   Boilerroom, Elder Abuse, Stockbroker Fraud News   |   0 Comments

Jeffrey D. Noard, of Milwaukee, Wisconsin, a stockbroker formerly registered with Allied Beacon Partners, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to a National Adjudicatory Council Decision containing findings that he made unsuitable investment recommendations to customers. In the Matter of Department […]

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Aegis Capital Corp Named In Customer Arbitration

Joshua Lawrence Feldman, of New York, New York, a stockbroker currently registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim on February 3, 2017, in which the customer requested $110,000.00 in damages based upon allegations that he made omissions and misrepresentations, as well as unsuitable investment recommendations to […]

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Legend Equities Stockbroker Charged With Unsuitable Recommendations

May 05, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Walter Marino, of Bohemia, New York, a stockbroker formerly registered with Legend Equities Corporation, was charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he made unsuitable investment recommendations to customers and misrepresented the source of customer funds used to purchase investments. Department of Enforcement v. Walter Marino, No. 2015046537501 (Apr. 24, […]

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Alexander Capital Stockbroker Charged With Obstructing

May 05, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Peyton Nelson Jackson, of New York, New York, a stockbroker formerly registered with Alexander Capital, L.P., and Legend Securities, Inc., has been charged by Financial Industry Regulatory Authority in a Complaint which alleges that Jackson failed to cooperate in a FINRA investigation into allegations that he effected fraudulent transactions in customer accounts. Department of Enforcement […]

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FINRA Securities Arbitrations Gather Against Woodstock Financial Group

John Columbia, of Garden City, New York, a stockbroker formerly registered with Woodstock Financial Group, has been named in a customer initiated investment related arbitration claim, which settled on August 30, 2016, for $60,500.00 in damages based upon allegations that Columbia made misrepresentations to the customer, breached his contractual obligations, negligently handled the customer’s portfolio, […]

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Regulators Descend Upon Legend Securities

Michael Salvatore Stanton, a former branch office manager and director of capital markets for Legend Securities, Inc., has been charged in a Complaint by Financial Industry Regulatory Authority (FINRA) Department of Enforcement containing allegations that Stanton failed to supervise a registered representative who defrauded a disabled, blind and elderly investor. Department of Enforcement v. Michael […]

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FINRA Securities Arbitration Filed Against Spartan Capital Securities

Sherman Thomas Felix, of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, LLC, has been named in a customer initiated investment related arbitration claim on November 12, 2015, in which the customer requested $31,711.00 in damages based upon allegations that Felix made unsuitable recommendations to the customer concerning stock investments, where […]

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National Securities Corporation Stockbroker Barred By Regulator

April 20, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Michael Alan Siegel, of Edison, New Jersey, a stockbroker formerly registered with National Securities Corporation, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon his failure to provide a response to FINRA staff’s information request. Letter No. 2016050346301 (Oct. 28, 2016). FINRA Public Disclosure reveals […]

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Woodstock Financial Group Stockbroker Suspended

April 11, 2017  |   Posted by :   |   Boilerroom, Stockbroker Theft   |   0 Comments

Olori Dennis Hamilton, of New York, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hamilton did not provide FINRA personnel with information concerning his compliance with a settlement or arbitration award pertaining […]

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FINRA Arbitration Claim Against First Standard Financial For Unauthorized Trading

April 11, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Kenneth Leopold Williams, of Staten Island, New York, a stockbroker formerly registered with First Standard Financial Company LLC, has been named in a customer initiated investment related written complaint on January 5, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Williams utilized the customer’s margin without consent, and effected unauthorized […]

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Customer Arbitration Against EJ Sterling For Fraud

Arismendy Abreu, of New York, New York, a stockbroker formerly registered with E.J. Sterling, LLC, has been named in a customer initiated investment related arbitration claim on December 20, 2015, in which the customer requested $50,000.00 in damages based upon allegations that Abreu made misrepresentations to the customer, effected unsuitable stock and mutual fund transactions, […]

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Joseph Gunnar Sued For Misrepresentation

April 10, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Peter N. Girgis, of Staten Island, New York, a stockbroker formerly registered with Joseph Gunnar & Co., LLC, has been named in a customer initiated investment related arbitration claim on May 5, 2016, in which the customer requested $687,000.00 in damages based upon allegations that Girgis misappropriated funds from the customer, effected unauthorized and unsuitable […]

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Joseph Stone Stockbroker Charged With Fraud

March 31, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Frank Anthony Spadaro, of Mineola, New York, a stockbroker currently registered with Joseph Stone Capital L.L.C., has been named in a Notice of Proposed Agency Action and Opportunity for Hearing by the Office of the Commissioner of Securities and Insurance, Montana State Auditor, in which Spadaro was alleged to have utilized customers’ margin accounts in […]

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Another Global Arena Capital Broker Barred By Regulators

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

Niaz Elmazi, of New York, New York, a stockbroker formerly registered with Global Arena Capital Corp, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he did not provide FINRA personnel with a response regarding his compliance with a customer initiated […]

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National Securities Corp Sued For Fraud

Kevin Keane, of Chicago, Illinois, a stockbroker currently registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim, which settled on June 26, 2014, for $11,800.00 in damages based upon allegations that Keane negligently handled the customer’s investment account, breached his fiduciary duties, made misrepresentations to the customer, effected […]

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EKN Financial Sued by Customer For Churning

Ahmad Wares, a stockbroker formerly registered with EKN Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on January 23, 2016, in which the customer requested $288,340.00 in damages based upon allegations that Wares breached his fiduciary duties, effected over-the-counter equity trades in the customer’s account on an excessive basis, […]

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Charles Vista Sued for Failure To Supervise

Michael Robert Molinaro, of Long Beach, New York, a chief compliance officer of Charles Vista, LLC, has been named in a customer initiated investment related arbitration claim on August 26, 2015, in which the customer requested $130,628.37 in damages based upon allegations that Molinaro failed to supervise the activities of a registered representative concerning over-the-counter […]

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Spartan Capital Securities Sued for Misrepresentation

Joseph Kelly, of New York, New York, a stockbroker currently registered with Spartan Capital Securiites, LLC, has been named in a customer initiated investment related arbitration claim on April 4, 2016, in which the customer requested $450,000.00 in damages based upon allegations that Kelly made misrepresentations to the customer concerning equity investments, and excessively traded […]

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Garden State Securities Stockbroker Barred

March 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Garland Sean James, of New York, New York, a stockbroker formerly registered with Garden State Securities, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide information to FINRA personnel as requested. Letter No. 2015047471301 (Sept. 13, […]

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Woodstock Financial Group Stockbroker Under Investigation

March 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Ryan Michael Murnane, of Staten Island, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., was named in an investigation by the State of Montana Securities Department on February 1, 2017, in which Muranne’s conduct is under review for allegedly contacting a customer numerous times to solicit investment related business despite Murnane not […]

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Blackbook Capital Sued For Fraud

Philip Orezio Fatta, of Holtsville, New York, a stockbroker formerly registered with Blackbook Capital, LLC, has been named in a customer initiated investment related arbitration claim on June 15, 2016, in which the customer requested $381,195.16 in damages based upon allegations that Fatta breached his fiduciary and contractual duties, churned the customer’s account, effected unsuitable […]

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KC Ward Financial Stockbroker Barred For Fraud

March 08, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Craig David Dima, of Ronkonkoma, New York, a stockbroker formerly registered with K.C. Ward Financial, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Dima effected unauthorized trades in a customer’s […]

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Wunderlich Securities Sued for Securities Fraud

February 13, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration   |   0 Comments

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

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JD Nicholas & Associates Named In FINRA Securities Arbitration

February 13, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Keith Lawton James Connolly, of Syosset, New York, a stockbroker currently registered with J.D. Nicholas & Associates, Inc., has been named in a customer initiated investment related arbitration claim, which settled on July 20, 2016, for $43,976.90 in damages based upon allegations that Connolly effected unsuitable equity transactions in the customer’s account, overconcentrated the customer’s […]

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Laidlaw & Company Named In FINRA Securities Arbitration

February 13, 2017  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Matthew Ian Turner, of Fort Lauderdale, Florida, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., has been named in a customer initiated investment related arbitration claim, which settled on August 8, 2014, for $23,115.00 in damages based upon allegations that Turner effected unsuitable equity transactions in the customer’s account. Financial Industry Regulatory Authority […]

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Meyers Associates Stockbroker Barred In Investigation

February 02, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Honetta C. Kao, of Brooklyn, New York, a stockbroker formerly registered with Meyers Associates, L.P., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Kao failed to respond to FINRA’s request for Kao’s information. Case No. 2014039091901 (Nov. 9, 2015). Prior to Kao’s […]

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Aegis Capital Corp Named Customer Churning Claim

Indra Ramsahai, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp, has been named in a customer initiated investment related arbitration claim, which settled on July 18, 2016, for $90,000.00 in damages based upon allegations that Ramsahai churned the customer’s investment account and effected unsuitable leveraged exchange traded fund transactions. Financial […]

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National Securities Named In FINRA Securities Arbitration

February 01, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Allan P. Montalbano, of Garden City, New York, a stockbroker formerly registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim on June 20, 2016, in which the customer requested $350,000.00 in damages based upon allegations that Montalbano breached his contractual and fiduciary duties, negligently handled the customer’s investment […]

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LPL Financial Group Stockbroker Barred In Investigation

February 01, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Ronald Edward Siemon, of Albuquerque, New Mexico, a stockbroker formerly registered with LPL Financial LLC, was permanently 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 allegations of Siemon’s misconduct asserted via a customer […]

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Legend Securities Named In Customer Securities Arbitration

February 01, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Bernardo Misseri, of Staten Island, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, in which the customer was awarded $50,000.00 in damages on August 12, 2016, based upon allegations that Misseri breached his fiduciary duties, negligently handled the customer’s portfolio, failed to […]

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Caldwell International Securities Stockbroker Barred In investigation

February 01, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

James Coleman Starks, of New York, New York, a stockbroker formerly registered with Caldwell International Securities, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Starks did not respond to a letter from FINRA which requested information from Starks. Case No. 2015043464601 (Oct. […]

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EJ Sterling Stockbroker Suspended For Churning and Unauthorized Trading

January 26, 2017  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Matthew Meehan, a stockbroker formerly registered with E.J. Sterling, LLC, has been fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected unsuitable trades in customer accounts. Letter of Acceptance, Waiver and Consent, No. 2016050114901 (Jan. 11, 2017). According […]

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Woodstock Financial Group Sued by Customer For Fraud

John Columbia, of Garden City, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., has been named in a customer initiated investment related arbitration claim, which settled on April 15, 2015, for $167,383.05 in damages based upon allegations that Columbia made misrepresentations to the customer, breached his contractual duties, negligently handled the customer’s […]

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Laidlaw & Company Named In Securities Arbitration Alleging Unsuitability

January 26, 2017  |   Posted by :   |   Boilerroom   |   0 Comments

Joel Anthony Benanti, of Farmingdale, New York, a stockbroker formerly registered with Laidlaw and Company (UK) Ltd., has been named in a customer initiated investment related arbitration claim on July 19, 2016, in which the customer requested $22,269.00 in damages based upon allegations that between 2012 and 2013, Benanti effected unsuitable equity transactions in the […]

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JP Turner & Company Named In FINRA Securities Arbitration

Daniel Cleophas Alcide, of Red Bank, New Jersey, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been named in a customer initiated investment related written complaint on December 3, 2015, in which the customer requested $150,000.00 in damages based upon allegations that Alcide engaged in high pressure sales tactics, made misrepresentations concerning […]

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Laidlaw & Company Named In Securities Fraud Arbitration

January 25, 2017  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration   |   0 Comments

James William Flower, of Melville, New York, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., has been named in a customer initiated investment related written complaint, which settled on November 12, 2015 for $45,000.00 in damages based upon allegations that Flower effected unsuitable equity transactions and churned the customer’s investment account. Financial Industry […]

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JD Nicholas Brokers Charged with Fraud

January 19, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Donald J. Fowler, of Massapequa, New York, and Gregory T. Dean, of Seaford, New York, both of whom are stockbrokers formerly registered with J.D. Nicholas & Associates, Inc., have been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that Fowler and Dean excessively traded and fraudulently churned customer accounts, and effected […]

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PHX Financial Named In Customer Arbitration Alleging Sales Practice Violations

January 19, 2017  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

Salomon David Krispeal, of Hauppauge, New York, a stockbroker formerly registered with John Thomas Financial, has been named in a customer initiated investment related arbitration claim, which settled on December 11, 2015. The claim was based upon allegations that Krispeal engaged in sales practice violations in the accounts of two customers. Krispeal was fined $2,500.00 […]

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JD Nicholas Named In FINRA Securities Arbitration

Nicholas George Tsikitas, a stockbroker formerly registered with J.D. Nicholas & Associates, Inc., has been named in a customer initiated investment related arbitration claim, which settled on July 20, 2016 for $181,108.00 in damages. The claim was based upon allegations that Tsikitas overconcentrated the customers’ assets, churned the customer’s accounts, negligently managed the customers’ investments, […]

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ACAP Financial Expelled For Selling Unregistered Securities

December 17, 2016  |   Posted by :   |   Boilerroom, Microcap Fraud, Stockbroker Fraud News   |   0 Comments

ACAP Financial Inc., a broker-dealer headquartered in Salt Lake City, Utah, has been expelled from Financial Industry Regulatory Authority (FINRA) membership per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that ACAP Financial, inter alia, facilitated unregistered securities sales. Department of Enforcement v. ACAP Financial, et al., No. 2012030459101 (Dec. 6, […]

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Alexander Capital Stockbroker Barred In FINRA Investigation

December 17, 2016  |   Posted by :   |   Boilerroom   |   0 Comments

Anthony Mastroianni, Jr., of New York, New York, a stockbroker formerly associated with Alexander Capital, L.P., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Mastroianni churned or excessively traded a customer’s account. Letter […]

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Legend Securities Named in Customer Arbitrations Alleging Fraud

November 30, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

John S. Cangialosi, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been subject to a customer initiated investment related arbitration claim from November 20, 2015, which was settled for $9,999.00 in damages based upon allegations that Cangialosi made misrepresentations to the customer concerning investments, effected unsuitable investments in the […]

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Buckman Buckman & Reid Named in Another Arbitration Claim

November 30, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Dwarka Persaud, of Little Silver, New Jersey, a stockbroker formerly registered with Buckman, Buckman & Reid, Inc., is subject to a customer initiated investment related arbitration claim from October 10, 2016, in which the customer requested $40,000.00 in damages based upon allegations that Persaud effected an investment strategy that was unsuitable, and charged the customer […]

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Meyers Associates President Named In Customer Arbitration

November 29, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Bruce Meyers, of New York, New York, a stockbroker and former president of Meyers Associates, L.P., was named in a customer initiated investment related arbitration claim on April 7, 2016, in which the customer requested $545,000.00 in damages based upon allegations that Meyers effected unsuitable trades in the customer’s account. FINRA Public Disclosure reveals that […]

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Woodstock Financial Group Named In Customer Arbitration Alleging Unsuitability

November 29, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud News   |   0 Comments

David R. Wolk, of Garden City, New York, a stockbroker formerly associated with Woodstock Financial Group, Inc., has been named in a customer initiated investment related arbitration claim on January 21, 2016, in which the customer requested $50,000.00 in damages based upon allegations that Wolk breached his fiduciary duty to the customer and effected unsuitable […]

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Salomon Whitney Financial Named Customer Fraud Arbitration

November 29, 2016  |   Posted by :   |   Boilerroom   |   0 Comments

Shawn E. Burns, of Farmingdale, New York, a stockbroker formerly associated with Salomon Whitney Financial, has been named in a customer initiated investment related arbitration claim on August 26, 2016, in which the customer requested $177,000.00 in damages based upon allegations against Burns including negligence, fraud, breach of fiduciary duty, churning, and unauthorized trading. FINRA […]

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National Securities Corporation Named In Customer Arbitration Claims

November 18, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Levert Caldwell, of Red Bank, New Jersey, a stockbroker formerly registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim on September 30, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Caldwell breached his fiduciary duty to the customer, churned the customer’s account, and […]

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Customer Awarded Damages In Arbitration Claim Against Aegis Capital

Matthew Digregorio, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., was subject to a customer initiated investment related arbitration claim on April 28, 2016, in which the customer was awarded $50,000.00 in damages based upon allegations against Digregorio of churning the customer’s account, effecting unsuitable transactions, and breaching his fiduciary duty. FINRA […]

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Coastal Equities Stockbroker Suspended For Obstructing Investigation

November 03, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Neil D. Pecker, of Longwood, Florida, a stockbroker formerly registered with Coastal Equities, Inc., was suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after FINRA found that Pecker did not cooperate with FINRA’s request to provide information or documentation. Docket No. 2016050013101 (Sept. 26, 2016). FINRA Public Disclosure reveals […]

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Aegis Capital Corp Named by Customers In Arbitration For Misconduct

November 02, 2016  |   Posted by :   |   Boilerroom, Penny Stock Fraud, Stockbroker Fraud News   |   0 Comments

Joshua L. Feldman, of New York, New York, a stockbroker currently registered with Aegis Capital Corporation, has been named in a pending customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages based upon allegations against Feldman of effecting unsuitable transactions in penny stocks and options between January of 2011 and […]

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Another Newport Coast Securities Stockbroker Barred For Defrauding Customers

Donald Bartelt, of West Palm Beach, Florida, a stockbroker formerly registered with Newport Coast Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Default Decision containing findings that Bartelt effected unsuitable trades and churned customer accounts. Department of Enforcement […]

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Newport Coast Securities Stockbroker Barred For Defrauding Customers

November 02, 2016  |   Posted by :   |   Boilerroom, Churning   |   0 Comments

Antonio Costanzo, of West Palm Beach, Florida, a stockbroker formerly registered with Newport Coast Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon a Default Decision containing findings that Costanzo made unsuitable investment recommendations to customers, effected unsuitable trades, churned customer accounts, and failed […]

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Newport Coast Securities Stockbroker Barred For Churning

November 02, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

David M. Levy, of West Palm Beach, Florida, a stockbroker formerly registered with Newport Coast Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Default Decision containing findings that Levy effected unsuitable trades and churned customer accounts, made recommendations […]

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Worden Capital Management Stockbroker Barred In Investigation

November 02, 2016  |   Posted by :   |   Boilerroom, FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Christos A. Kalatoudis, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on April 19, 2016, based upon allegations that Kalatoudis did not provide information to FINRA upon request. Previously, Kalatoudis was suspended by […]

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Caldwell International Securities Stockbroker Suspended For Unsuitability

November 02, 2016  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud News   |   0 Comments

Alex Etter, of Englewood Cliffs, New Jersey, a stockbroker formerly registered with Caldwell International Securities, was fined $10,000.00, and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per a FINRA Order Accepting Offer of Settlement containing findings that Etter effected unsuitable investment recommendations to customers. Department of Enforcement v. […]

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Alexander Capital Stockbroker Charged With Churning

Barry T. Eisenberg, of New York, New York, a stockbroker registered with Alexander Capital, L.P., has been named in a Complaint initiated by The Office of Montana State Auditor, Commissioner of Securities and Insurance, which alleged that Eisenberg failed to supervise the sales practices of two registered registered representatives, Joseph Connolly and William Gennity, who […]

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Caldwell International Securities Stockbroker Suspended For Unsuitable Recommendations

November 02, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud News, Strategic Return Notes   |   0 Comments

Richard Lee, of Englewood Cliffs, New Jersey, a stockbroker formerly registered with Caldwell International Securities Group, was suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Lee made unsuitable investment recommendations. Department of Enforcement v. Richard Lee, […]

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Pin Financial LLC Stockbroker Barred In Investigation

November 02, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Tobin J. Senefeld, of Carmel, Indiana, a stockbroker with Pin Financial, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that Senefeld engaged in a Ponzi scheme. Letter of Acceptance, Waiver and Consent, No. 2015045728801 (Oct. […]

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Oppenheimer Stockbroker Named in Customer Fraud Claim

November 02, 2016  |   Posted by :   |   Boilerroom, Churning, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Jeremy D. Hare, of Philadelphia, Pennsylvania, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a pending customer initiated investment related arbitration claim on September 14, 2016, in which the customer requested $1,000,000.00 in damages based upon allegations that Hare charged the customer with excessive commissions, committed negligence, breached his fiduciary […]

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Former Global Arena Capital Stockbroker Named In Customer Arbitration Claim

November 02, 2016  |   Posted by :   |   Boilerroom, Bond Fraud, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Mark A. Lisser, of New York, New York, a stockbroker formerly associated with Global Arena Capital Corp, has been named in a customer initiated investment related arbitration claim on October 26, 2015, in which the customer has requested $61,458.00 in damages based upon allegations against Lisser of churning the customer’s account, using margin in the […]

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IMS Securities Fined For Failure To Supervise Variable Annuities

IMS Securities, Inc., of Houston, Texas, was censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to supervise aspects of its variable annuity business. Letter of Acceptance, Waiver and Consent, No. 2014039417401 (Sept. 30, 2016). According to the AWC, between July 15, 2013 and May 8, 2014, […]

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Churn Them and Burn Them Salomon Whitney’s Ford Arbitrations Abound

October 15, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Wayne Fitzgerald Ford of Farmingdale, New York, a stockbroker formerly with Salomon Whitney Financial, but now out of the business is the subject of a pending customer dispute from March 14, 2016, in which the customer requested $50,000.00 in damages based upong the allegations that Ford breached his contractual and fiduciary obligations and effecting unsuitable transactions […]

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Customer Arbitration Claims Against Salomon Whitney Financial Continue

Michael L. Oromaner of Farmingdale, New York, a stockbroker formerly with Salomon Whitney Financial, and now associated with Cova Capital Partners is subject to a pending customer dispute from March 23, 2016, where a customer requested $750,000.00 in damages in connection with allegations against Oromaner of utilizing high pressure sales techniques, effecting unsuitable investment transactions, churning […]

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Customers Continue to Sue Saljooki for Fraud

October 15, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Yousuf Saljooki, also known as Joe Saljooki, of Farmingdale, New York, a stockbroker with Salomon Whitney Financial, is subject to a pending customer dispute from March 23, 2016, in which several customers requested $300,000.00 in damages in connection with allegations against Saljooki of effecting investment transactions which were unsuitable, churning the customers’ investment accounts, charging […]

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Regulators Sanction Caldwell International Broker for Unsuitable Recommendations

October 15, 2016  |   Posted by :   |   Boilerroom, Excessive trading, Stockbroker Fraud News   |   0 Comments

Lucas Lichtman, of Englewood Cliffs, New Jersey, a stockbroker for Caldwell International Securities Group, was fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Lichtman engaged in unsuitable investment recommendations. Department of Enforcement v. […]

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Ripping Off the Elderly Never Gets Old

September 27, 2016  |   Posted by :   |   Boilerroom, Elder Abuse   |   0 Comments

Avenir Financial Group, of New York, New York as well as its chief executive officer, Michael Todd Clements and stockbroker Karim Ahmed Ibrahim, were all censured by Financial Industry Regulatory Authority (FINRA) in connection with a FINRA Office of Hearing Officers’ Extended Hearing Panel Decision which contained findings that the firm, Clements, and Ibrahim engaged […]

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FINRA Charges Broker with Eighteen Complaints with Making Unsuitable Recommendations

September 27, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Glen J. Rauch, of Syosset, New York, a stockbroker with Avenir Financial Group, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Rauch engaged in significant sales practice violations, including the effecting of unauthorized and unsuitable transactions in customer accounts. Department of Enforcement v. Glen Rauch, No. […]

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Customer Arbitration Claims Against Aegis Capital Corporation

September 16, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Nick Son, of New York, New York, a stockbroker with Aegis Capital Corp., was named in a pending customer dispute on April 19, 2016. Specifically, the customer requested $65,984.66 in damages after alleging that Son utilized high pressure sales tactics with the customer, and made misrepresentations and other misleading statements to the customer in connection […]

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KC Ward Financial Stockbroker Charged With Fraud

September 09, 2016  |   Posted by :   |   Boilerroom, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Craig D. Dima, of Ronkonkoma, New York, a stockbroker registered with K.C. Ward Financial, was charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Dima made unauthorized trades in a customer’s account and fraudulent representations in connection with such. Department of Enforcement v. Craig David Dima, No. 2015046440701 (Aug. 18, 2016). According […]

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Rockwell Global Capital Stockbroker Suspended For Unauthorized Trading

August 25, 2016  |   Posted by :   |   Boilerroom, House Stock Pump and Dump, Unauthorized Trading   |   0 Comments

Patrick William Lofaro, of Melville, New York, a stockbroker with Rockwell Global Capital LLC, was fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in the unauthorized discretionary trading in a customer account. Letter of Acceptance, Waiver and Consent, No. […]

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