Business Develop Companies

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Lincoln Investment Accused Of Falsifying Information

Delores Jean Yezbak of Cleveland Ohio a stockbroker formerly registered with Lincoln Investment is referenced in a customer initiated investment related written complaint on June 15, 2017 in which the customer sought $70,000.00 in damages supported by allegations that (1) the customer’s account documentation contained false statements in regard to the customer’s income and net […]

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Kestra Accused By Investors Of Selling Bad Investments

Donald A. Lueke of Kansas City Missouri a stockbroker formerly employed by Kestra Investment Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $25,000.00 on May 15, 2018 founded on allegations that (1) the customer was placed into business development company group companies that were inappropriate for the […]

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Presidential Brokerage Sued For Bad Mutual Fund Sales

Gregory Jon Williams of Greenwood Village Colorado a stockbroker currently employed by Presidential Brokerage Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $151,337.00 in damages based upon allegations of misrepresentation and suitability pertaining to the customer’s investments in (1) mutual funds (2) corporate-debt products and (3) non-traded […]

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Madison Avenue Securities Blamed For Suitability

David Richard Geake of Northbrook, Illinois, a stockbroker associated with Madison Avenue Securities, LLC, is the subject of a customer initiated investment related written complaint on August 9, 2017, in which the customer requested $200,000.00 in damages based upon allegations that Geake effected fixed indexed annuities, equipment leasing products, business development companies and real estate […]

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Berthel Fisher Sued By Customer For Omissions

November 21, 2017  |   Posted by :   |   Business Develop Companies, Stockbroker Fraud News   |   0 Comments

Jonathan Todd Pyne of Minneapolis, Minnesota, a stockbroker currently registered with Berthel Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related written complaint on July 6, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Pyne misled the customer by inducing the customer’s […]

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Regulator Suspends Cambridge Stockbroker For Suitability

November 20, 2017  |   Posted by :   |   Business Develop Companies, FINRA Securities Arbitration   |   0 Comments

Brad C. Lawing of Springfield, Missouri, a stockbroker formerly registered with Cambridge Investment Research, Inc., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that Lawing, inter alia, effected unsuitable business development company transactions in customers’ investment accounts. Letter […]

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Lefavi Securities Fined For Failure To Supervise

November 20, 2017  |   Posted by :   |   Business Develop Companies, Non-traded REITs   |   0 Comments

Bruce A. Lefavi Securities, Inc., a brokerage firm headquartered in Salt Lake City, Utah, has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise customer transactions and violated FINRA’s content standards. Letter of Acceptance, Waiver and Consent, No. 2015043353301 (Nov. 10, 2017). […]

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Cetera Advisor Networks Sued By Customer

Susan Lavon Welo, of Mayville, North Dakota, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been named in a customer initiated investment related written complaint on February 24, 2017, in which the customer requested $45,000.00 in damages based upon allegations that Welo failed to abide by the customer’s instructions to invest in short […]

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Business Development Companies the Fraud De Jour

August 17, 2016  |   Posted by :   |   Business Develop Companies, Stockbroker Fraud News   |   0 Comments

The Guiliano Law Group, P.C. is investigating claims against securities broker-dealers in connection with the sale and recommendation of Business Development Companies or BDCs. Citing the “high commissions and fees,” the Financial Industry Regulatory Authority or FINRA claims that “many of the firms that distributed nontraded REITs are now turning to nontraded BDCs,”  BDCs arre frought […]

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J.P. Turner Fined and Censured For Failure to Supervise

J.P. Turner & Co, recently acquired by Cetera, has over 360 registered representatives and over 150 branch offices nationwide. J.P. Turner’s history with securities regulators is substantial. For example, in December 2013, J.P. Turner consented to a sanction consisting of a censure and restitution in the amount of almost $1 million for the failure to […]

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