Breach of Fiduciary Duty

Archive | Breach of Fiduciary Duty

Investors Sue National Planning Corp For Negligence

Timothy David Ballard (also known as Tim Ballard) of Danville California a stockbroker employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought more than $100,000.00 in damages supported by allegations that (1) the customer’s account was handled in a negligent manner (2) fiduciary obligations were […]

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Investors Sue Laidlaw Company For Churning

Joseph Michael Fedorko Jr. of Greenwich Connecticut a stockbroker currently registered with Laidlaw Company is the subject of a customer initiated investment related arbitration claim where the customer sought $342,000.00 in damages based upon accusations that between 2012 and 2017: (1) unauthorized common and preferred stock and over-the-counter equities trades were executed in the customer’s […]

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Investors Sue Worden Capital For Breach Of Fiduciary Duty

John Sebastian Cangialosi of New York 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 $37,399.00 in damages founded on accusations that (1) the customer’s account was administered negligently (2) false or misleading statements and omissions had […]

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Aegis Capital Sued By Investors For Failure To Execute

Robert Anthony Guidicipietro (also known as Robert A. Peters) of Holmdel New Jersey a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related written complaint which was resolved for $36,272.00 on September 6, 2018 founded on allegations that the customer’s stop loss order had been disregarded by Guidicipietro during […]

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Investors Sue Northland Securities For Fraud

Nicholas Harris Shermeta (also known as Nick Shermeta) of Minneapolis Minnesota a stockbroker formerly employed by Northland Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $409,949.79 in damages supported by allegations that (1) transactions had been effected by Shermeta in violation of Minnesota Securities Act […]

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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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GF Investment Services Sued By Investors Over ETF Sales

Richard William Lunn Martin of Penang a stockbroker formerly employed by G.F. Investment Services LLC is the subject of a customer initiated investment related arbitration claim which settled for $117,000.00 in damages founded on accusations that (1) fiduciary duties owed to the customer had been breached (2) due diligence was not properly executed on investments […]

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Garden State Securities Sued For Breach Of Fiduciary Duty

August 02, 2019  |   Posted by :   |   Bond Fraud, Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Ronald G. Richer of Red Bank New Jersey a stockbroker currently employed by Garden State Securities Inc. is referenced in a customer initiated investment related arbitration claim which settled for $16,300.00 in damages supported by allegations that (1) fiduciary obligations to the customer were violated and (2) Theravance Inc. put options and stocks executed in […]

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Investors Sue Madison Avenue Securities For Fraud

Noel Ray Vincent of Southfield Michigan a stockbroker formerly registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim where the customer sought between $100,000.00 and $500,000.00 in damages based upon allegations that (1) the customer’s assets were handled in a negligent manner (2) fiduciary duties were breached […]

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Investors Sue National Securities Corp For Bad Investment Advice

William Francis Gillis of Seattle Washington a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $514,600.00 in damages based upon accusations that Gillis gave the customer bad investment recommendations particularly concerning the common or preferred stocks held in the customer’s account while Gillis […]

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J.P. Morgan Sued By For Bad Investment Advice

Robert Owen Klein of Newport Beach California a stockbroker formerly employed by J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $1,500,000.00 in damages supported by accusations that inappropriate securities transactions were executed in the customer’s managed account while Klein was employed by J.P. Morgan Securities […]

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Beech Hill Sued By Investors For Breach Of Fiduciary Duty

Frank Hamrak of New York New York a stockbroker formerly registered with Beech Hill Securities Inc. and Beech Hill Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $195,271.67 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached (2) contract obligations […]

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Investors Accuse L.M. Kohn Of Unauthorized Trading

Charles John Ehnot of Dunmore Pennsylvania a stockbroker formerly registered with L.H. Kohn Company is the subject of a customer initiated investment related complaint that was settled for $20,000.00 in damages on April 5, 2017 based upon accusations that unauthorized real estate security transactions were effected in the customer’s account during the time that Ehnot […]

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Cetera Advisors Sued By Investors For Fraud

James Christopher Hayne of Mansfield Texas a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $325,000.00 in damages founded on allegations that Texas Securities Act and California Corporate Securities Law had been violated; contractual obligations to the customer were breached; the customer’s […]

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CV Brokerage Stockbroker Barred In Investigation

Brenda Ann Smith (also known as Brenda Smith Peterman) of West Conshohocken Pennsylvania a stockbroker and principal formerly registered with CV Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Smith neglected to cooperate with FINRA personnel during an investigation […]

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HD Vest Sued By Investors For Stockbroker Theft

Brian Lamont Royster of Ann Arbor Michigan a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related arbitration claim where the customer sought $295,936.76 in damages supported by allegations that (1) fraudulent misrepresentations had been made to the customer concerning the terms and fees relating to City Financial […]

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Investors Sue Moloney Securities For Investment Fraud

John Rothrock McKinstry Jr. of St. Louis Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by allegations that (1) fiduciary obligations to the customer were violated (2) false or misleading statements had been made […]

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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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J.P. Morgan Discharges Stockbroker Over Account Distributions

Jesse Starr of San Diego California a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged by the firm on December 13, 2018 based upon allegations that Starr informed a customer of the firm that J.P. Morgan Securities LLC was liable to the customer for the failure of required distributions from being executed […]

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FINRA Sanctions Wedbush Stockbroker For Unauthorized Trading

William Mark Heiden of Newport Beach California a stockbroker formerly registered with Wedbush Securities Inc. has been fined $5,000.00 and suspended 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 Heiden executed unauthorized trades in accounts […]

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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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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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LPL Financial Pays Investors In Promissory Note Scheme

Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were […]

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Raymond James Stockbroker Admits To Unauthorized Trading

Clifford C. Vatter III of Louisville Kentucky a stockbroker formerly registered with Raymond James Associates Inc. is the subject of an Order issued by the Commissioner of the Commonwealth of Kentucky Department of Financial Institution in which Vatter’s application to employed by International Assets Management LLC was retracted and Vatter consented to not registering as […]

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Customer Claims Cause Raymond James Financial To Fire Stockbroker

Matthew Jordan Werthe (also known as Matt Werthe) of Murrieta California a stockbroker formerly registered with Raymond James Financial Services Inc. has been discharged on May 9, 2019 supported by accusations that Werthe violated the policies or procedures of the securities broker dealer by engaging in suspicious and unauthorized communications with customers of Raymond James […]

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Cetera Stockbroker Barred In Investigation

George Craig Merhoff Jr. of Klamath Falls Oregon a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Merhoff failed to cooperate with a FINRA investigation into accusations of (1) Merhoff disseminating consolidated reports to customers and […]

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Aegis Capital Sued By Investors For Churning

Shadi Taysir Barakat of New York New York a stockbroker formerly registered with Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim which had been settled for $150,000.00 in damages founded on accusations that between June 1, 2013 and June 1, 2016: (1) investment recommendations made to the customer by […]

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Girard Securities Sued By Investors For Fraud

Matthew Jon Lum of Santa Barbara California a stockbroker formerly registered with Girard Securities Inc. is the subject of a customer initiated investment related civil action in the Superior Court of California in which the customer requested $310,000.00 in damages supported by accusations that (1) the customer’s brokerage account was administered negligently (2) fiduciary obligations […]

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Western International Sued By Investors For Misrepresentation

Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that (1) false or misleading statements and omissions had been made by Sias […]

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Investors Sue Oppenheimer For Securities Fraud

David Albert Tufts Jr. of New York New York a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,170,500.00 in damages supported by allegations that between June 1, 2013 and October 1, 2016, Tufts was responsible for (1) breaching contractual […]

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Investors Sue Wunderlich Securities For Misrepresentation

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

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Investors Sue Trident Partners for Unsuitable Investment Recommendations

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

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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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Investors Sue Oppenheimer For Securities Fraud

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

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National Securities Corporation Sued For Negligence

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

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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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Moloney Securities Sued By Investors For Fraud

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

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Stifel Nicholas Sued By Investors For Churning

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

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Morgan Stanley Stockbroker Suspended For Failure To Pay Arbitration Award

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

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National Securities Corp Sued By Investor For Negligence

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

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FINRA 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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Morgan Stanley Sued By Investors For Churning

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

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FINRA Bars First Standard Stockbroker In Investigation

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

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TradingBlock Blamed By Investor For Losses

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

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America Northcoast Stockbroker Barred For Misconduct

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

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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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SEC Bars Stifel Nicolaus Stockbroker For Fraud

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

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H. Beck Sued By Investor For Bad Investment Advice

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

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Investors Sue Santander For Breach Of Fiduciary Duty

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

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Investor Sues Lantern Investments For Churning

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

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Investors Sue America Northcoast For Misconduct

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

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LPL Financial Stockbroker Fired For Forgery

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

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Investors Sue Santander Securities For Fraud

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

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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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Raymond James Sued By Investors For Negligence

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

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National Securities Corp Sued For Unauthorized Trading

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

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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 Wunderlich For Breach Of Fiduciary Duty

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

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Centaurus Financial Sued By Investors For REIT Misconduct

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

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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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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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CFD Investments Fires Broker For Churning Customer Accounts

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

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Raymond James Sued By Investors For Breach Of Fiduciary Duty

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

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Summit Brokerage Services Sued For Unauthorized Trading

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

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Raymond James Financial Services Sued By Investors For Fraud

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

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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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Park Avenue Broker Sued By Investor For Fraud

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

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NYLife Blamed By Investors For Breach Of Fiduciary Duty

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

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Investors Sue 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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Investment Center Stockbroker Criminally Charged With Fraud

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

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VSR Sued By Investors For Breach Of Fiduciary Duty

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

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J.P. Morgan Securities Broker Barred For Elder Abuse

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

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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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JJB Hillard WY Lyons Broker Admits to Unauthorized Trading

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

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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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Cambridge Investment Research Sued By Investors For Fraud

Dale Edward Wright of Henrico Virginia a stockbroker currently registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested $112,164.00 in damages supported by accusations that (1) trades executed in the customer’s account were not suitable for the customer (2) fiduciary duties were breached […]

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Ameritas Sued By Investors For Fraud

Marc Charles Harary of New York New York a stockbroker formerly employed by Ameritas Investment Corp. is referenced in a customer initiated investment related arbitration claim which was settled to resolve accusations that (1) contractual obligations to the customer had been breached (2) fiduciary duties were breached (3) account transactions were handled negligently (4) the […]

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Stifel Nicolaus Sued By Investors For Securities Fraud

Michael Joseph Dorsey of Honolulu Hawaii a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on accusations of (1) violation of New York Stock Exchange (NYSE) and FINRA Rules (2) violation of federal and state securities […]

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FINRA Bars Cetera Broker In Investigation

Kenneth Joseph Kolquist of Duluth Minnesota a stockbroker formerly employed by Cetera Advisor Networks LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kolquist failed to provide FINRA with information that was requested of him. Case No. 2015047359901 (Aug. 1, 2016). According to […]

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Ameriprise Financial Sued For Risky Investments

Jack Alan Quick of New Home Minnesota a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $214,180.00 in damages supported by accusations that (1) Quick made investment recommendations to the customer that were not suitable regarding variable annuities, variable life insurance, […]

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Portfolio Advisors Alliance Sued By Investors For Churning

Craig Landon Siegel of New York New York a stockbroker formerly registered with Portfolio Advisors Alliance LLC is the subject of a customer initiated investment related arbitration claim where the customer sought unspecified compensatory damages supported by accusations that between July of 2013 and August of 2017: (1) the customer’s account was churned (2) the […]

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FINRA Sanctions Ditto Trade CEO For Failure to Pay Arbitration Award

Yosef Yehuda Fox (also known as Joseph J. Fox) of Chicago Illinois the Chief Executive Officer and Chief Compliance Officer employed by Ditto Trade Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Fox failed to pay an Arbitration Award after having been […]

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Oppenheimer Sued By Investors For Misconduct

Christopher Matthew Keeler Sr. of Stamford Connecticut a stockbroker formerly employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $542,000.00 in damages based upon allegations that (1) unauthorized oil and gas, mutual fund and equity trades were effected in the customer’s account (2) […]

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SEC Bars Wells Fargo Advisors Broker For Fraud

Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and […]

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Investors Sue BMO Harris Over Handling Of Trust Accounts

Craig Robert Kowitt of Libertyville Illinois a stockbroker formerly registered with BMO Harris Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested as much as $70,000.00 in damages supported by allegations that Kowitt breached his contractual obligations to the customer and violated regulatory rules and securities […]

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David Lerner Associates Sued By Investor For Fraud

Scott Mass of Syosset New York a stockbroker currently employed by David Lerner Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages based upon accusations that (1) contractual obligations were breached (2) the customer’s account was handled negligently (3) fiduciary duties had been […]

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Investors Sue Rhodes Securities For Breach Of Fiduciary Duty

Marilyn Ruth Zehntner of Forth Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages founded on allegations that fiduciary duties owed to the customer had been breached; trades effected in the customer’s account were not […]

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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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Ameriprise Sued By Investor For Breach Of Fiduciary Duty

Scott Allen Edwards of Minneapolis Minnesota a stockbroker currently registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which customers were awarded $13,652.29 in compensatory damages based on Edwards having been found liable on the customers’ claims that (1) Edwards negligently transacted in the customers’ accounts […]

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Merrill Lynch Blamed For Failure To Follow Instructions

Gary Kahn Stern of New York New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on October 24, 2018 where the customer requested unspecified damages based upon accusations that between August 14, 2017 and October 24, 2018, the customer’s investment […]

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Investors Win Damages Against IBN Financial For Churning

Colin Anderson Archer of Liverpool New York a stockbroker currently registered with IBN Financial Services Inc. and representative of Meyers Associates L.P. has been ordered to pay a customer $17,940.28 in damages according to a FINRA arbitration in which Archer was found liable on the customer’s claims that Archer churned the customer’s account, breached his […]

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UBS Sued By Investors For Breach Of Fiduciary Duty

Brent Gordon Thompson of Franklin Tennessee a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $300,000.00 in damages founded on accusations that between 1995 and 2015: (1) the customer was subject to elder abuse (2) fiduciary duties owed to the customer […]

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Valmark Securities Sued By Investors For Breach Of Fiduciary Duty

November 30, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

William James Rossi III of Gainesville Florida a stockbroker currently employed by Valmark Securities Inc. and investment advisor representative of Koss Olinger Consulting is referenced in a customer initiated investment related civil action brought in the Eighth Judicial Circuit Court of Alachua Florida in which the customer sought $400,000.00 in damages supported by accusations of […]

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Lincoln Financial Advisors Sued By Investors For Fraud

James M. Honaker of Amherst New York a stockbroker formerly registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $11,316.00 in compensatory damages based upon Honaker having been found liable on the customer’s claims that (1) Honaker executed transactions in the […]

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National Planning Corporation Accused Of Negligence

Patricia Ann Lloyd of Phoenix Arizona a former National Planning Corporation stockbroker and investment adviser representative is referenced in a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages supported by accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account was transacted upon in a […]

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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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Investors Sue Ameriprise For Breach Of Fiduciary Duty

Kevin Scott Kellogg of San Diego California a stockbroker currently employed by Ameriprise Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $247,112.52 in damages founded on accusations that (1) fiduciary duties owed to the customer were not abided by (2) unauthorized transactions were placed in […]

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Investors Sue Stifel Nicolaus For Securities Fraud

John Basile Manikas of Chicago Illinois a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which settled for $342,500.00 in damages founded on allegations that (1) the customer had been defrauded (2) contractual obligations had been breached (3) the customer’s account was handled negligently […]

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Oriental Financial Sued For Breach Of Contract

November 03, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News, Suitability   |   0 Comments

Jeffrey J. Lapetina Mafuz of San Juan Puerto Rico a stockbroker formerly registered with Oriental Financial Securities Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $115,000.00 in damages based upon accusations that (1) omissions and misrepresentations had been made to the customer (2) contractual obligations and […]

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Investors Sue Hightower For Breach Of Fiduciary Duty

John Michael Shields of Palm Desert California a stockbroker currently employed by Hightower Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages supported by allegations that in reference to the customer’s investment advisory account and variable annuity investments: (1) the customer’s account was handled […]

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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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Feltl Company Sued For Breach Of Fiduciary Duty

Timothy Luke Wynne of Minnetonka Minnesota a stockbroker currently employed by Feltl Company is referenced in a customer initiated investment related arbitration claim where the customer sought $441,306.00 in damages based upon accusations that between February of 2014 and June of 2016: (1) fiduciary duties owed to the customer had been breached (2) unauthorized stock […]

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Investor Sues Independent Financial Group For Fraud

William Aubrey Morrow of San Diego California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon accusations that (1) unregistered tenant in common investments had been sold to the customer (2) the customer’s account transactions lacked […]

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Oppenheimer Sued by Investor For Fraud

Steven David Schultz of Palm Beach Gardens Florida a stockbroker currently employed by Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $750,000.00 in damages based upon allegations of (1) the failure to supervise securities transactions placed in the customer’s account (2) misrepresentation (3) breach of […]

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Geneos Sued By Investor For Breach Of Fiduciary Duty

Richard Mark Braverman of Lancaster Pennsylvania a stockbroker currently registered with Geneos Wealth Management Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages based upon accusations that (1) omissions had been made regarding the risks of investing in direct investments and real estate investments (2) fiduciary duties […]

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Ameriprise Financial Stockbroker Sanctioned By Regulator

Vincent Leonard Petrangelo of Springfield Massachusetts a stockbroker employed by Ameriprise Financial Services Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering with Ameriprise in the state of Massachusetts based upon Petrangelo’s history of transgressions including his disclosure of five customer complaints alleging (1) […]

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Investors Sue Joseph Stone Capital For Fraud

Sebastian Wyczawski of Holbrook New York a stockbroker currently employed by Joseph Stone Capital L.L.C. is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages supported by accusations including (1) breach of fiduciary duty (2) breach of the duty of good faith and fair dealing (3) misrepresentation (4) […]

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Newbridge Sued By Investor For Breach Of Fiduciary Duty

William Sidney Friedman of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $10,000.00 in damages supported by accusations that Friedman (1) engaged in inappropriate equity trading in the customer’s account (2) breached his fiduciary duties to the customer (3) […]

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Rhodes Securities Accused Of Breach Of Fiduciary Duty

September 27, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

J. Gordon Rhodes of Fort Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages founded on accusations including (1) failure to supervise the customer’s investment activities (2) breach of fiduciary duty (3) and unsuitable over-the-counter […]

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Santander Sued By Investor For Fraud

William K. Tress (also known as William K. Tress Garcia) of Dorchester Massachusetts a stockbroker formerly employed by Santander Securities is the subject of a customer initiated investment related arbitration claim where the customer requested $111,522.41 in damages based upon accusations including (1) gross negligence (2) breach of contract (3) failure to supervise (4) breach […]

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Investor Sues Centaurus Financial For Fraud

James Orth Davis of San Francisco California a stockbroker currently employed by Centaurus Financial, Inc. is referenced in a customer initiated investment related civil action in which the customer sought unspecified damages based upon accusations including (1) negligent misrepresentation (2) omissions of information (3) fraud (4) breach of fiduciary duty and (5) violation of California […]

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Investor Sues LPL Financial For Breach Of Fiduciary Duty

Kodi Robert Hermann of Tualatin Oregon a stockbroker formerly registered with LPL Financial LLC has been named in a customer initiated investment related arbitration claim in which the customer was awarded $9,064.03 in compensatory damages and $1,500.00 in attorneys’ fees founded on accusations of (1) breach of contract (2) negligence (3) violation of FINRA Rules […]

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DH Hill Sued By Investor For Breach Of Fiduciary Duty

Danny Harold Hill of Kingwood Texas the limited partner and chief compliance officer of D.H. Hill Securities LLP is the subject of a customer initiated investment related civil action where the customer sought $700,000.00 in damages founded on accusations that (1) the customer’s investment account was over-concentrated in real estate investment trust products (2) fiduciary […]

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Investors Sue Oppenheimer For Breach Of Fiduciary Duty

Jeffrey Sy Rubenstein of New York New York a stockbroker currently employed by Oppenheimer Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon accusations that between 2012 and 2017, contractual and fiduciary obligations to the customer had been breached and the […]

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Customer Sues Cetera Advisors For Breach Of Contract

Steven Franklin Brandt of Alexandria Virginia a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages supported by allegations of (1) breach of contract (2) the customer having been placed in direct participation program or limited partnership interests that […]

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Investors Bring Arbitration Against Synovus For Breach Of Fiduciary Duty

July 31, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Jonathan Wayne Duke of Birmingham Alabama a stockbroker currently employed by Synovus Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $200,000.00 in damages based upon allegations that fiduciary duties had been breached with regard to the customer’s certificate of deposit investment. Financial Industry Regulatory Authority […]

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Customer Sues Raymond James For Securities Fraud

July 31, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

George Edward Mathis of The Villages, Florida, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim in which the customer requested $65,000.00 in damages based upon allegations of fraud, misrepresentation, breach of contract, negligence, and breach of fiduciary duty pertaining to investment transactions […]

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Cambridge Investment Research Accused Of Fraud

Richard Allen Yantis of Cedar Falls Iowa a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related written complaint on April 19, 2018 in which the customer sought $142,000.00 in damages supported by allegations that Yantis (1) employed deceptive and manipulative tactics to induce the customer’s alternative […]

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Investors Sue Raymond James For Securities Fraud

Joseph Eldon Johnson of North Riverside Illinois a stockbroker currently registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations of sales practice violations relating to exchange traded funds including (1) negligence (2) breach of fiduciary duty (3) […]

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American Portfolios Sued For Breach Of Fiduciary Duty

July 16, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Jimmy William Kuhn of Smithtown New York a stockbroker currently registered with American Portfolios Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $70,000.00 in damages supported by allegations that (1) unsuitable equity investment recommendations had been made to the customer (2) activities in the customer’s portfolio […]

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Oppenheimer Customer Claims Breach Of Fiduciary Duty

June 30, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Richard Mark Strauss of Boca Raton Florida a stockbroker formerly registered with Oppenheimer & Co. Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages founded on allegations that (1) unsuitable recommendations had been made to the customer (2) the customer’s account was handled in […]

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Raymond James Sued For Stockbroker Misconduct

John Charles Wyshak of Los Angeles California a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $1,023,460.00 in damages based upon accusations of (1) fraudulent concealment (2) breach of contract (3) conversion (4) omission of material facts (5) churning (6) breach […]

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FINRA’s Wrath Against Khan

June 25, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Atiq Urrehman Khan of Covina California a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to make an appearance for FINRA personnel during an investigation into Khan’s apparent improper solicitation of securities. Department of Enforcement v. Atiq U. Khan […]

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Illinois Mogul Accused Of Breach Of Fiduciary Duty

June 21, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Steven Harman Mogul of Northbrook Illinois a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on March 30, 2018 where the customer sought $36,923.25 in damages founded on accusations that between March 21, 2014 and February 27, 2018, Mogul (1) breached his fiduciary obligation […]

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National Planning Corp Sued For Breach Of Fiduciary Duty

Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by National Planning Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $94,352.90 in damages founded on accusations including (1) breach of fiduciary (2) negligence (3) suitability (4) violation of Texas Securities Act and (5) violation of FINRA rules […]

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Customer Sues Portfolio Advisors For Fraud

May 17, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Vincent Thomas Hoban III of Portfolio Advisors Alliance LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $85,000.00 in damages supported by accusations including (1) breach of contract (2) fraud (3) violation of federal securities law (3) breach of fiduciary duty and (5) suitability in reference to the customer’s […]

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Customer Sues Ameriprise For Breach Of Fiduciary Duty

Richard Scott Ewing of Richmond Virginia a stockbroker currently registered with Ameriprise Financial Services Inc. is named in a customer initiated investment related arbitration claim which settled for $52,500.00 in damages based upon accusations including (1) breach of fiduciary duty (2) excessive fees (3) misrepresentation (4) suitability and (5) violation of state and federal securities […]

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Customer Sues McNally Financial For Fraud

April 27, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Marshall Royal Cassedy Jr. of Tallahassee Florida a stockbroker currently registered with McNally Financial Services Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $845,000.00 in damages founded on allegations of (1) breach of fiduciary duty (2) misrepresentation (3) negligence (4) breach of contract and (5) fraud in […]

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Customer Accuses VSR Financial Services Of Negligence

April 27, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Robert Edward Wamhoff of Saint Charles Missouri a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 12, 2017 where the customer sought $55,000.00 in damages supported by accusations of breach of fiduciary duty and negligence relating to real estate security transactions executed […]

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Customer Sues Euro Pacific Capital For Fraud

April 08, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Hemant Kathuria of Manhattan Beach California is a stockbroker and securities principal currently registered with Euro Pacific Capital Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer sought $791,607.53 in damages founded on allegations including (1) breach of contract (2) violation of Financial Industry Regulatory Authority (FINRA) […]

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Customer Sues Stifel Nicolaus For Negligence

April 05, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Audie Gean Rea of Ridgeland Missouri is a stockbroker currently registered with Stifel Nicolaus and Company who is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $90,000.00 in damages founded on Rea having been found liable for breaching his fiduciary duties, effecting unsuitable transactions, churning the customer’s […]

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Raymond James Sued By Customer For Negligence

March 22, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Eric Anthony Dupre of San Antonio Texas is a stockbroker currently registered with Raymond James and Associates Inc. who is the subject of a customer initiated investment related arbitration claim which settled for $90,000.00 in damages supported by allegations of (1) breach of fiduciary duty (2) negligence and (3) suitability pertaining to over-the-counter equities transactions […]

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Oppenheimer Sued By Customer For Failure To Supervise

February 20, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Churning, Stockbroker Fraud News   |   0 Comments

Leslie Brian Flaum of Melville New York is a stockbroker formerly registered with Oppenheimer who is the subject of a customer initiated investment related arbitration claim in which the customer sought over one million one-hundred eight thousand dollars in damages based upon accusations that Flaum failed to supervise a registered representative who breached his fiduciary […]

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Customer Sues Ameritas For Fraud

January 26, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Michael James Blake, of Ameritas Investment Corp., a stockbroker formerly employed with Ameritas Investment Corp., is the subject of a customer initiated investment related arbitration claim, in which the customer sought $50,000.00 in damages supported by accusations of breach of contract, breach of fiduciary duty, suitability, fraudulent concealment, misrepresentation, and violation of the Securities Act […]

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Customer Sues National Securities Corp For Suitability

January 10, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Kevin A. Bostory of Edison, New Jersey, a stockbroker formerly registered with National Securities Corp., is the subject of a customer initiated investment related arbitration claim, where the customer requested $36,509.00 in damages based upon accusations that Bostory breached his fiduciary duties to the customer and effected unsuitable equity transactions in the customer’s account. Financial […]

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Raymond James Sued For Breach Of Fiduciary Duty

January 10, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Alan Robert Rosenberg of Garden City, New York, a stockbroker currently registered with Raymond James & Associates, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer sought $150,000.00 in damages founded on accusations of suitability, negligence, and breach of fiduciary duty with respect to sector-specific stock transactions effected in the […]

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Kovack Securities Sued By Customer For Fraud

January 10, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Michael Corbett Milne of Ocala, Florida, a stockbroker formerly registered with Kovack Securities, is the subject of a customer initiated investment related arbitration claim, which settled for $13,000.00 in damages supported by accusations that Milne breached his fiduciary duties, negligently handled the customer’s investment account, breached his contractual duties, made misrepresentations, effected unauthorized options and […]

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Customer Sues DH Hill For Breach Of Contract

January 09, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Charles Thomas Stevens of Saint Augustine, Florida, a stockbroker currently associated with D.H. Hill Securities, LLLP, is the subject of a customer initiated investment related arbitration claim, where the customer alleged breach of contract, negligence, breach of fiduciary duty, and unsuitable investment recommendations of business development companies, real estate investment trusts and a variable annuity. […]

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Customer Sues Raymond James For Securities Fraud

November 01, 2017  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration   |   0 Comments

Scott Allen Sibley of Fort Lauderdale, Florida, a stockbroker formerly employed with Raymond James & Associates, is identified in a customer initiated investment related arbitration claim, wherein the customer sought $250,000.00 in damages based upon allegations of breach of contract, breach of fiduciary duty, negligence, fraud, and the violation of Florida’ Securities and Investor Protection Act […]

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Capital Investment Group Sued For Fraud

September 22, 2017  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Kelly Gene Richards, of Phoenix, Arizona, a stockbroker formerly registered with Capital Investment Group, Inc., has been named in a customer initiated investment related arbitration claim on June 27, 2016, in which customers collectively requested $650,000.00 in damages based upon allegations that Richards breached his fiduciary duties to the customers, negligently managed the customers’ investment […]

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National Securities Corp Sued For Misrepresentation

September 14, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Tuan Phan, of New York, New York, a stockbroker registered with National Securities Corp, is the subject of a customer initiated investment related arbitration claim, which settled on June 30, 2016, for $19,000.00 in damages supported by allegations of negligence in the handling of the customer’s investment account as well as misrepresentation and the breach […]

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Raymond James Sued For Breach of Fiduciary Duty

August 31, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Jerry Wayne Devins, of Louisville, Kentucky, a stockbroker formerly registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer was awarded $500,000.00 in damages on March 30, 2017, based upon allegations that Devins breached his fiduciary duties to the customer. Financial Industry Regulatory […]

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Customer Sues Newbridge Securities For Suitability

July 29, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Glen Derek Delaney, of New York, New York, a stockbroker formerly registered with Newbridge Securities Corporation, is the subject of a customer initiated investment related written complaint on March 6, 2017, in which the customer requested $46,634.00 in damages based upon allegations that Delaney breached his fiduciary duties, over-concentrated the customer’s assets in stock, effected […]

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Spartan Capital Arbitration Claim For Unauthorized Trading

July 28, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Jason M. Santini, of Garden City, New York, a stockbroker formerly registered with Spartan Capital Securities, LLC, is the subject of a customer initiated investment related arbitration claim on November 21, 2016, where the customer sought $27,376.99 in damages based upon allegations that Santini breached his fiduciary duties, negligently managed the customer’s investment portfolio, utilized […]

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Arbitration Claim Filed Against America Northcoast Securities

Richard Anthony Barone, of Cleveland, Ohio, a stockbroker currently registered with America Northcoast Securities, Inc., has been named in a customer initiated investment related arbitration claim on May 17, 2017, in which the customer requested $250,000.00 in damages based upon allegations against Barone including failure to supervise, unauthorized trading, unsuitability, breach of fiduciary duty and […]

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Customer Sues Obsidian Financial Group for Supervisory Failures

Philip A. Dina, of Woodbury, New York, a stockbroker formerly registered with Obsidian Financial Group, LLC, has been named in a customer initiated investment related arbitration claim on April 24, 2017, where the customer requested $50,000.00 in damages based upon allegations that he failed to supervise one of the firm’s registered representatives who placed faulty […]

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Girard Securities Customer Alleges Fraud

Cary Edward Scheer, of Southlake, Texas, a stockbroker formerly registered with Girard Securities, Inc., has been named in a customer initiated investment related arbitration claim on April 24, 2017, in which the customer requested $150,000.00 in damages based upon allegations that Scheer breached his contractual and fiduciary duties to the customer, made investment misrepresentations and […]

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Ameriprise Financial Services Broker Sanctioned

Geraldine Gordon, of Lexington, Kentucky, a stockbroker currently registered with Ameriprise Financial Services, has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she made unsuitable investment recommendations to a firm customer. Letter of Acceptance, Waiver and Consent, No. 2016049353501 […]

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Ameritas Sued By Customer For Misrepresentation

Robert Michael Gianchiglia, of Worcester, Massachusetts, a stockbroker formerly registered with Ameritas Investment Corp., has been named in a customer initiated investment related arbitration claim on March 28, 2017, wherein the customer requested $225,000.00 in damages based upon allegations that Gianchiglia effected unauthorized trades in the customer’s account, made misrepresentations to the customer, breached his […]

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Raymond James Sued In Arbitration For Fraud

Gabriel Yanez Jr., of Newport Beach, California, a stockbroker formerly registered with Raymond James And Associates, Inc., has been named in a customer initiated investment related arbitration claim on April 12, 2017, in which the customer requested $700,000.00 in damages based upon allegations that Yanez engaged in deceptive trade practices, negligently handled the customer’s investment […]

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IFS Securities Named In Civil Action

June 08, 2017  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Robert Henderson Jr., of Miami Lakes, Florida, a stockbroker currently registered with IFS Securities, has been named in a customer initiated investment related civil action on April 15, 2017, based upon allegations that Henderson breached his fiduciary and trust obligations to the customer, and additionally failed to fulfill his duties concerning the accounting of a […]

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The ON Equity Sales Complaint Alleges Fraud

June 08, 2017  |   Posted by :   |   Annuity Schemes, Breach of Fiduciary Duty   |   0 Comments

Ronald Clagget Knowles, of Lake Charles, Louisiana, a stockbroker formerly registered with The O.N. Equity Sales Company, has been named in a customer initiated investment related written complaint on April 13, 2017, in which the customer requested $17,000.00 in damages based upon allegations that Knowles made misrepresentations to the customer concerning annuity products, effected transactions […]

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Customer Brings Arbitratoin Against Raymond James For Fraud

Peter Chris Marketos, of Paramus, New Jersey, a stockbroker formerly registered with Raymond James & Associates, Inc., has been named in a customer initiated investment related written complaint on March 2, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Marketos, from October of 2014 to February of 2016, […]

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BB&T Securities Sued in Arbitration For Fraud

Dean Adam Myerow, of Hasbrouck Heights, New Jersey, a stockbroker formerly registered with BB&T Securities, LLC, has been identified in a customer initiated investment related arbitration claim on April 26, 2017, in which the customer requested $125,000.00 in damages based upon allegations that included violation of MSRB and FINRA rules, failure to supervise, breach of […]

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Customers Bring More Claims Against Aegis Capital Corp

Robert Anthony Guidicipietro, of Holmdel, New Jersey, a stockbroker currently registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim on March 1, 2017, where the customer requested $250,000.00 in damages based upon allegations that Guidicipietro breached his fiduciary duties, made unsuitable investment recommendations and misrepresentations to the customers, […]

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Merrimac Corporate Securities Named In FiNRA Arbitration

April 20, 2017  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration   |   0 Comments

Ronald Arthur Christopher Jr., of Altamonte Springs, Florida, a stockbroker formerly registered with Merrimac Corporate Securities, Inc., has been named in a customer initiated investment related arbitration claim on October 13, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Christopher breached his fiduciary obligations to the customer, negligently handled the […]

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Worden Capital Management Sued In Arbitration For Negligence

March 16, 2017  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Joseph Francis Valdini, of Garden City, New York, a stockbroker formerly registered with Worden Capital Management LLC, has been named in a customer initiated investment related arbitration claim, which settled on March 21, 2016, for $79,000.00 in damages based upon allegations that Valdini breached his fiduciary and contractual duties to the customer, violated New Jersey […]

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Credit Suisse Securities Sued for Churning

Albert Dishner, of New York, New York, a stockbroker formerly registered with Credit Suisse Securities (USA) LLC, has been named in a customer initiated investment related arbitration claim, which settled on December 30, 2016, for $205,000.00 in damages based upon allegations that include churning, excessive trading, violation of state and federal securities laws, violation of […]

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Alexander Capital Stockbroker Sued for Unauthorized Trading

Andrew Patrick Murino, a stockbroker currently registered with Alexander Capital, L.P., has been named in a customer initiated investment related arbitration claim on December 1, 2016, in which the customer requested $38,084.00 in damages based upon allegations that Murino effected unauthorized and unsuitable over-the-counter equity trades in the customer’s account, and breached his fiduciary duty […]

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Stifel Nicolaus Named In FINRA Securities Arbitration Alleging Unsuitability

Charles John Obryant III, of Raleigh, North Carolina, a stockbroker formerly registered with Stifel, Nicolaus & Company, has been named in a customer initiated investment related arbitration claim on October 2, 2015, which settled for $632,298.00 in damages based upon allegations that Obryant negligently handled the customer’s investment account, breached his fiduciary duty, and effected […]

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Oppenheimer Named In Customer Arbitration Claim

Gabriel Block, of Red Bank, New Jersey, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been named in a customer initiated investment related arbitration claim on July 6, 2015, which settled for $90,000.00 in damages based upon allegations that Block breached his fiduciary and contractual duties to the customer, negligently handled the customer’s […]

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Wells Fargo Advisors Named In Customer Unsuitability Claim

Thomas G. Gresham, of Overland Park, Kansas, a stockbroker formerly associated with Wells Fargo Advisors, LLC, has been subject to five customer initiated arbitration claims on July 10, 2015, which were settled for a total of $655,000.00 in damages based upon allegations against Gresham including unsuitable investment recommendations, breach of fiduciary duties, unjust enrichment, and […]

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World Equity Group Named In Customer Negligence Claim

Barry Link, of Fort Meyers, Florida, a stockbroker currently registered with World Equity Group, Inc., has been subject to a customer initiated investment related arbitration claim on February 10, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Link breached his fiduciary duty to the customer and committed negligence in handling […]

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Legend Securities Stockbroker Named in Customer Complaints

Mario Gogliormella, of New York, New York, a stockbroker with Legend Securities, Inc., has been named in a pending customer initiated investment related arbitration claim from January 13, 2016, in which the customer requested $73,454.00 in damages based upon allegation that Gogliormella breached his fiduciary obligations to the customer, and effected unsuitable investment transactions. FINRA […]

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National Securities Sued by Customer for Misrepresentation

Nathaniel R. Clay, of New York, New York, a stockbroker formerly with National Securities Corporation, is the subject of a pending customer dispute in which a customer seeks $513,218.40 in damages based upon the allegation that  Clay committed negligence, breached his fiduciary obligations, and made misrepresentations to the customer. FINRA BrokerCheck reveals that Clay has been […]

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Meyers Associates Stockbroker Mastroianni Named in Suitability Claim

September 16, 2016  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Anthony Mastroianni, Jr., of New York, New York, a stockbroker with Meyers Associates, L.P., was named in a pending customer dispute, in which the customer has requested $2,000,000.00 in damages amid allegations against Mastroianni of breach of fiduciary duty, unsuitable investment recommendations, breach of contract, and churning of the customer’s account. Mastroianni is also subject […]

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Army Murder Suspect Is A Former FINRA Stockbroker Ripped Off The Elderly

Robert Bales, the US Army staff sergeant accused of massacring 16 Afghan civilians, was a former stockbroker, who enlisted in the U.S. Army to apparently avoid paying an elderly Ohio couple of their life savings in a stock fraud. According to FINRA records, from 1996 through 2000, Bales was associated with at least seven brokerage […]

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