Excessive trading

Archive | Excessive trading

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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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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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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Morgan Stanley Stockbroker Sanctioned By FINRA For Providing Unsuitable Investment Advice

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

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Stifel Nicholas Sued By Investors For Churning

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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UBS Accused By Investors of Churning

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

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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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Transamerica Stockbroker Fined $1.5 Million For Unauthorized Trading

Tracy Neal Wengert of Mesa Arizona a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in an Order issued by the Arizona Corporation Commission which revoked Wengert’s securities registration and mandated Wengert pay a $25,000.00 fine and $1,522,400.00 in restitution based upon findings including Wengert’s trading of securities in customers’ accounts without written […]

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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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Merrill Lynch Accused Of Excessive Trading By Investors

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

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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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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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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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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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Investors Sue UBS Financial For Excessive Trading

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

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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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Investors Accuse Morgan Stanley Of Excessive Trading

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

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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 Merrill Lynch For Bad Investment Advice

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

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Morgan Stanley Fires Broker For Outside Business Activities

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

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Halifax America Fined By FINRA For Failure To Supervise

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

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ProEquities Caught Excessively Charging Customers

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

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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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Morgan Stanley Sued By Investors For Securities Fraud

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

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Wells Fargo Accused By Investors Of Churning

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

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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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Accelerated Capital Group Blasted For Churing Customer Accounts

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

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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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Investors Accuse Raymond James Of Churing

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

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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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Investors Accuse Wells Fargo Of Churning Customer Accounts

February 19, 2019  |   Posted by :   |   Excessive trading, Stockbroker Fraud News   |   0 Comments

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

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Wilmington Capital Broker Fined For Outside Business Activities

Thomas John Lisa Jr. of New York New York a stockbroker currently employed by Wilmington Capital Securities LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Lisa’s consent to findings that he engaged in an outside business activity without disclosing it to […]

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Lombard Terminates Broker For Unauthorized Churning Of Customer Accounts

Eric Alan Zakarin of Cranford New Jersey a stockbroker formerly registered with Lombard Securities Incorporated has been terminated by the firm on October 10, 2018 based upon allegations that (1) Zakarin generated excessive commissions from customers and (2) Zakarin executed trades in customer accounts that customers’ possibly had not authorized. This is not the first […]

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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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Investors Accuse Raymond James Of Churning

Ryan Davis Wold of Edina Minnesota a stockbroker formerly employed by Raymond James Associates Inc. is the subject of a customer initiated investment related written complaint which was settled for $27,000.00 on June 28, 2018 supported by accusations that between 2014 and 2017: (1) transactions were effected in the customer’s account that were not suitable […]

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Regulator Seeks Denial Of LPL Financial Broker Registration

David Philip Antypas of Brentwood Tennessee a stockbroker formerly registered with LPL Financial LLC is the subject of a Tennessee Department of Commerce and Insurance Securities Division disciplinary action where the regulator is seeking the denial of Antypas’ securities registration based upon accusations that (1) during the time Antypas was associated with LPL Financial LLC […]

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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 Sigma Financial Excessive Trading

Glenn Eugene Kendall of Tinley Park Illinois a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related written complaint on August 4, 2016 where the customer requested $40,000.00 in damages based upon allegations that between 2015 and 2016: (1) Kendall excessively traded over-the-counter equities and stocks in the […]

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FINRA Bars Caldwell Broker In Investigation

Alain J. Florestan of New York New York a stockbroker formerly registered with Caldwell International Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that (1) Florestan made unsuitable investment recommendations to customers and (2) Florestan failed to cooperate in […]

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FINRA Fines Securities America Broker For Excessive Trading

December 21, 2018  |   Posted by :   |   Churning, Excessive trading, Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Dennis Jackson of University Place Washington a stockbroker formerly registered with Securities America Inc. has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Jackson engaged in selling away (2) Jackson effected unauthorized trades in […]

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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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Stockbroker Misconduct Continues to Plague Investors

The Financial Industry Regulatory Authority released its 2018 Examination Report, showing the areas in which the regulator has taken  some form of enforcement action against brokerage firms to prevent them from taking advantage of their customers, and to “better protect investors and maintain the integrity of the markets.” The Recommendation of Unsuitable Investments First, on […]

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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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Investors Collect From Merrill Lynch For Excessive Trading

Joel Thomas Summerlin of Tampa Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint which was resolved for $75,000.00 on March 1, 2018 supported by allegations that between June of 2010 and April of 2017: (1) Summerlin made investment recommendations to the […]

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RBC Capital Markets Sued By Investors For Churning

Alan Walton Sharpe of Burlington Massachusetts a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim which settled for $225,000.00 in damages supported by allegations that (1) Sharpe made unsuitable oil and gas equities recommendations to the customer and (2) Sharpe churned the customer’s investment […]

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Cetera Broker Barred By FINRA In Investigation

November 12, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Bruce Michael Sabourin of Norwich Connecticut a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Sabourin failed to provide FINRA with information after it was requested of him. Case No. 2014041373601 (May 4, 2015). FINRA Public […]

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Investors Sue Oppenheimer’s Best For The Worse Trading

David Warg Best of Bethlehem Pennsylvania a stockbroker formerly employed by Oppenheimer & Co. Inc. is referenced in a customer initiated investment related complaint on August 18, 2017 where the customer sought $1,000,000.00 in damages supported by accusations that (1) unsuitable closed-end fund and stock transactions had been executed in the customer’s investment account (2) […]

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Morgan Stanley Sued By Investors For Excessive Trading

Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related arbitration claim in which the customer requested unspecified damages supported by accusations of excessive trading of the customer’s investments including (a) structured products (b) unit investment trusts and (c) mutual funds. Financial Industry […]

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FINRA Fines Maxim Group Broker For Misconduct

Eric Howard Kunis of Woodbury New York a stockbroker formerly registered with Maxim Group LLC has been fined $2,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kunis executed unsuitable trading in eleven Maxim Group LLC customer accounts. Letter of Acceptance […]

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Investors Sue Ameriprise For Breach Of Fiduciary Duty

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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FINRA Bars Financial West Group Broker For Churning

John Scott Simoncic of Reno Nevada a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Simoncic made exchange traded fund recommendations that were not suitable for customers (2) Simoncic effected excessive exchange traded […]

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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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Invest Financial Blamed For Omissions

September 28, 2018  |   Posted by :   |   Excessive trading, Stockbroker Fraud News   |   0 Comments

James Gordon Durso of Waterloo New York a stockbroker formerly employed by Invest Financial Corporation is referenced in a customer initiated investment related written complaint on January 4, 2016 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that the customer was not made aware of the risks of volatility in her […]

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Investors Sue First Standard For Fraud

Andre Pierre Davis of Red Bank New Jersey a stockbroker currently registered with First Standard Financial Company LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon allegations that unsuitable transactions were executed and the customer’s account was churned. Financial Industry Regulatory Authority (FINRA) […]

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Cadaret Grant Fined For Failure To Supervise

Cadaret Grant Co. Inc. is a FINRA member broker firm headquartered in Syracuse New York who has been censured and fined $800,000.00 by Financial Industry Regulatory Authority (FINRA) based on consenting to findings that it (1) failed to supervise its business practices with a view towards detecting and preventing bad investment recommendations (2) failed to […]

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LPL Financial Accused By Investors Of Excessive Trading

September 12, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Gary Needham of Manchester by the Sea Massachusetts a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related complaint where the customer sought $433,452.00 in damages on October 3, 2017 founded on accusations that (1) the customer suffered unwarranted poor performance on investments and (2) excessive stock trades were […]

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Investors Accuse National Planning Of Excessive Trading

Karl Thomas Crytser of Trenton New Jersey a stockbroker formerly registered with National Planning Corporation is referenced in a customer initiated investment related written complaint on August 25, 2015 in which the customer requested $27,000.00 in damages based upon allegations that (1) unsuitable mutual fund trades were effected in the customer’s account (2) transactions were […]

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Investors Sue Investment Architects For Excessive Trading

Glen David Haddock of Petaluma California the President of Investment Architects Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,250,000.00 in compensatory damages and $2,500,000.00 in punitive damages supported by allegations that the firm failed to prevent excessive trading in the customer’s account between 2004 and […]

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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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Investors Sue Laidlaw Company For Churning

Ryan Seth Wiener of Fort Lauderdale Florida a stockbroker formerly employed by Laidlaw Company (UK) Ltd. is the subject of a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on allegations that (1) unauthorized stock and over-the-counter equities transactions had been effected in the customer’s account and (2) the […]

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SCF Fires Stockbroker For Churning Customer Accounts

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

Cletus Enyinia Emeziem is a stockbroker formerly registered with SCF Securities Inc. who has been discharged by the firm on  based upon allegations that Emeziem engaged in a pattern of trading in customer accounts on an excessive basis. This is not the first time that Emeziem has been discharged by a FINRA member firm for […]

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FINRA Bars Chelsea Stockbroker In Investigation

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

Charles Lewis Bloom of Royal Palm Beach Florida a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he refused to comply with FINRA’s requests for his testimony in the course of a FINRA investigation […]

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Investors Sue Maxim Group For Excessive Trading

July 16, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Michael Gary Solomon of New York New York a stockbroker currently registered with Maxim Group LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $246,928.64 in damages founded on allegations that between January 1, 2015 and December 31, 2015, Solomon placed over-the-counter equities and stock transactions in the customer’s […]

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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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Suspended LPL Broker Unsuspended

Shane Jason Kelly of Port Saint Lucie Florida a stockbroker formerly registered with LPL Financial LLC had been suspended with associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kelly failed to provide FINRA with a response to its request for his information. Case No. 2017054666601 (Jan. 29, […]

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Customer Accuses Wells Fargo Of Churing

June 25, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

John Andrew Nelson of Cliffside Park New Jersey a stockbroker currently employed by Wells Fargo Advisors is referenced in a customer initiated investment related written complaint which was resolved on March 16, 2018 for $105,000.00 supported by accusations that unauthorized trades and excessive mutual fund trades had been effected in the customer’s account between April […]

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Blackbook Capital Owner Fined For Failure To Supervise

Franklin Ihendu Ogele of New York New York a former owner of Blackbook Capital LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to supervise a stockbroker of the firm who placed unsuitable trades in a […]

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Customer Sues Merrill Lynch For Excessive Trading

May 29, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Charles Ernest Kenahan of Boston Massachusetts a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages based upon accusations that stock trades were effected in the customer’s account on an excessive basis and unsuitable equity […]

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Spartan Capital Sued By Customer For Churning

May 29, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Joseph Paul Todaro of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $184,241.00 in damages supported by allegations that (1) excessive commissions had been charged to the customer for trades effected in the customer’s account […]

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Independent Financial Group Sued For Churning

Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages based upon accusations including (1) churning of the customer’s investment portfolio (2) violation of California Corporations Code (3) breach of […]

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Customer Accuses Morgan Stanley Of Excessive Trading

Barry Lee Garapedian of Westlake Village California a stockbroker currently registered with Morgan Stanley is referenced in a customer initiated investment related written complaint on April 1, 2018 in which the customer requested $713,000.00 in damages founded on allegations that (1) the customer’s assets were overconcentrated in speculative investments (2) closed end fund and exchange […]

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Principal Terminates Broker After Excessive Trading Probe

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

Robert Holmes Gunning of Fresno California a stockbroker formerly employed by Principal Securities Inc. has been terminated from employment on February 8, 2018 following the firm’s investigation into Gunning’s activities for possible excessive trading in customer accounts. FINRA Public Disclosure confirms that Gunning has been identified in two more customer initiated investment related disputes pertaining […]

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Wells Fargo Sued By Customer For Excessive Trading

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

Richard Dell Dunagan of Austin Texas a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $261,521.05 in damages founded on allegations that trades were executed in the customer’s account on an excessive and unsuitable basis from 2007 to 2016. Financial Industry […]

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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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Customer Sues Aegis Capital For Excessive Trading

David Leonard Sheppard of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon allegations that unauthorized and excessive trades were effected in the customer’s account and investment recommendations were not suitable for […]

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Customer Accuses Morgan Stanley Of Excessive Trading

Richard Robert Fulton of Palm Beach Gardens Florida a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related complaint which settled on October 24, 2016 for $18,822.00 in damages based upon allegations that mutual fund trades were effected in the customer’s managed account on an excessive basis between January […]

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Liberty Partners Executive Fined For Failure To Supervise

Jeffrey Allen Fanning of West Palm Beach Florida is a former owner and chief executive officer of Liberty Partners Financial Services LLC who has been fined $20,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer […]

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Worden Capital Accused of Churning

April 18, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

John Michael Lopinto of New York New York is a stockbroker currently registered with Worden Capital Management LLC who is the subject of a customer initiated investment related written complaint on December 18, 2017 where the customer sought $8,878.00 in damages founded on allegations that the customer’s equity investment account was churned. Financial Industry Regulatory […]

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FINRA Bars Vanderbilt Securities Broker For Churning

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

Mark Kaplan of Woodbury New York is a stockbroker formerly employed by Vanderbilt Securities, LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he churned and excessively traded customers’ investment portfolios. Letter of Acceptance Waiver and Consent No. 2015045984001 (Mar. […]

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National Securities Corp Accused Of Suitability

March 07, 2018  |   Posted by :   |   Excessive trading, Stockbroker Fraud News, Suitability   |   0 Comments

Anthony Mediate of Red Bank New Jersey is a stockbroker formerly registered with National Securities Corporation who is the subject of a customer initiated investment related written complaint on August 4 2015 in which the customer alleged that over-the-counter equities transactions were effected in the customer’s account on an unsuitable and excessive basis. Financial Industry […]

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Raymond James Sued By Customer For Churning

Matthew Jordan Werthe of San Diego California is a stockbroker currently employed with Raymond James Financial Services who is the subject of a customer initiated investment related arbitration claim in which the customer sought three hundred sixty-two thousand dollars in damages based upon allegations of (1) failure to supervise (2) unjust enrichment (3) negligence (4) […]

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Hilltop Securities Sued By Customer For Churning

January 26, 2018  |   Posted by :   |   Excessive Markups, Excessive trading, Stockbroker Fraud News   |   0 Comments

Walter Roland Valenzuela, of Del Mar, California, a stockbroker currently registered with Hilltop Securities, Inc., is the subject of a customer initiated investment related arbitration claim, where the customer requested $9,500,000.00 in damages supported by allegations of elder abuse, misrepresentation, excessive trading, breach of fiduciary duty, excessive mark-downs and mark-ups, inappropriate margin use, suitability, and […]

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Merrill Lynch Broker Fined For Discretionary Trading

January 10, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News, Suitability   |   0 Comments

Todd Kimm of Syracuse, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he exercised discretion in customer accounts without authority, and placed […]

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Morgan Stanley Sued For Excessive Trading

January 10, 2018  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Neil Stanley Kaplan of Bethesda, Maryland, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related civil action brought in the Circuit Court of Montgomery County, Maryland on December 29, 2016, in which the customer sought $435,000.00 in damages founded on accusations that in 2015, stock trades were executed in […]

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Customer Accuses Morgan Stanley Of Excessive Trading

January 09, 2018  |   Posted by :   |   Excessive trading, Stockbroker Fraud News   |   0 Comments

James Morgan Levitt of New York, New York, a stockbroker associated with Morgan Stanley, is the subject of a customer initiated investment related written complaint, which settled on June 19, 2017 for $9,000.00 in damages supported by allegations that between March 1, 2014 and December 31, 2014, Levitt executed excessive trades relating to closed-end funds, exchange […]

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Network 1 Financial Sued For Excessive Trading

November 28, 2017  |   Posted by :   |   Churning, Excessive trading   |   0 Comments

Patrick Nicholas Teutonico of Lynbrook, New York, a stockbroker registered with Network 1 Financial Securities, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $73,650.00 in damages based upon accusations that Teutonico effected excessive trading in over-the-counter equities in the customer’s investment account. Financial Industry Regulatory Authority (FINRA) […]

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Joseph Stone Stockbroker Sanctioned By Regulator

October 05, 2017  |   Posted by :   |   Excessive trading, Stockbroker Fraud News   |   0 Comments

David Gene Menashe of Mineola, New York, a stockbroker formerly registered with Joseph Stone Capital, L.L.C., is the subject of an Order issued by the State of Montana Commissioner of Securities & Insurance obligating $15,000.00 in restitution to a customer based on allegations that Menashe effected unauthorized trades in the customer’s account, and effected trades on […]

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Customer Sues H Beck For Excessive Fees

September 22, 2017  |   Posted by :   |   Excessive trading, Over Concentration   |   0 Comments

Dan Edward Droeg, of Mesa, Arizona, a stockbroker currently registered with H. Beck, Inc., is the subject of an investment related complaint filed by a customer on November 18, 2016, where the customer sought $250,067.09 in damages supported by allegations that Droeg charged the customer excessive fees, misstated the value of the customer’s securities holdings, […]

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Regulator Suspends Morgan Stanley Stockbroker

September 15, 2017  |   Posted by :   |   Excessive trading   |   0 Comments

Lewis H. Robinson, of Aventura, Florida, a stockbroker formerly registered with Morgan Stanley, 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 attempted to settle a customer’s dispute away from his firm pertaining to accusations against him of […]

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Lampert Capital Markets Sued Unsuitable Investments

July 29, 2017  |   Posted by :   |   Churning, Excessive trading   |   0 Comments

Thomas Daniel Sullivan, of New York, New York, a stockbroker formerly registered with Lampert Capital Markets Inc., is the subject of a customer initiated investment related arbitration claim on June 16, 2017, in which the customer requested $11,069.00 in damages based upon allegations that Sullivan effected equities transactions on an excessive and unsuitable basis. Financial […]

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Voya Financial Advisors Sued For Churning

July 03, 2017  |   Posted by :   |   Churning, Excessive trading, FINRA Securities Arbitration   |   0 Comments

Rodger James Burskey, of Commerce Township, Michigan, a former stockbroker associated with Voya Financial Advisors, Inc., has been named in a customer initiated investment related arbitration claim, which settled on May 25, 2017, for $19,700.00 in damages based upon allegations that Burskey effected equities transactions in the customer’s account despite the transactions not having been […]

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International Assets Advisory Sued For Churning

June 19, 2017  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Gregory William Melendez, of Melville, New York, a stockbroker formerly registered with International Assets Advisory, has been named in a customer initiated investment related arbitration claim on February 16, 2017, in which the customer requested $41,376.00 in damages based upon allegations that he effected unsuitable and unauthorized over-the-counter equity transactions in the customer’s account, and […]

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Columbus Advisory Group Stockbroker Sanctioned

Harvey Britton Vaughn Jr., of Austin, Texas, a stockbroker formerly registered with Columbus Advisory Group, Ltd., has been sanctioned by Financial Industry Regulatory Authority (FINRA) via the revocation of his securities licensure based upon allegations that Vaughn failed to pay a $10,000.00 fine assessed to him by FINRA for having failed to make required disclosures; […]

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Meyers Associates Stockbroker Excessive Trading

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

William David Nelson, of New York, New York, a stockbroker formerly registered with Meyers Associates, L.P., has been fined $5,000.00 by the Commissioner of Securities and Insurance, Montana State Auditor, pursuant to a Consent Agreement and Final Order containing findings that Nelson traded excessively in the accounts of three residents of Montana. In the Matter […]

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Aegis Capital Sued By Customer In Arbitration

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

Kishan Parikh, 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 May 11, 2017, in which the customer requested $350,000.00 in damages based upon allegations that Parikh made unsuitable investment recommendations to the customer and effected trades in the […]

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McClintock Former Employer Named in Securities Arbitration

Caeron Arlington McClintock, of New York, New York, a broker formerly registered with EJ Sterling, has been named in a customer initiated investment related arbitration claim on November 22, 2016, in which the customer has requested $135,593.00 in damages based upon allegations that McClintock breached his fiduciary and contractual duties to the customer, churned the […]

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Du Pasquier Stockbroker Charged With Fraud

November 30, 2016  |   Posted by :   |   Excessive trading, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

James Larkin Powers of Atlanta, Georgia, a stockbroker formerly registered with du Pasquier & Co., Inc., has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging, inter alia, that Powers converted customer funds. Department of Enforcement v. Powers, No. 2014041985401 (Nov. 15, 2016). According to the Complaint, Power was provided […]

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Andrew Garrett Named In Customer Churning Claim

Wayne M. Raymond, of New York, New York, a former stockbroker with Andrew Garrett Inc., has been subject to a customer initiated investment related arbitration claim on February 12, 2015, which was settled for $8,600.00 in damages based upon the customer’s allegations that Raymond effected excessive and unauthorized trades in the customer’s investment account. FINRA […]

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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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Customers Sue Dawson James Securities Stockbroker For $1 Million Fraud

September 28, 2016  |   Posted by :   |   Churning, Excessive trading, Suitability   |   0 Comments

Sean W. Mollard, of Boca Raton, Florida, a stockbroker for Dawson James Securities, Inc., became subject to a pending customer dispute from March 31, 2016, in which a customer requested $1,000,000.00 in damages after alleging that Mollard made material misrepresentations regarding investments, charged excessive commissions to the customer, engaged in excessive trading, failed to abide […]

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Customers Sue Newport Coast Securities For Unsuitability

September 17, 2016  |   Posted by :   |   Excessive trading, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Donald A. Bartelt, of Cave Creek, Arizona, is currently subject to a pending customer dispute from May 28, 2013, in which the customer requested $113,000.00 in damages in connection with allegations against Bartelt of engaging in misconduct over several years in the customer’s investment account. Public Disclosure records reveal that Bartelt has previously settled a […]

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Another Aegis Capital Corp Stockbroker Accused of Churning

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

Bruce Stark, of Melville, New York, a stockbroker with Aegis Capital Corp., is currently subject to two pending customer disputes. Particularly, on August 21, 2015, a customer requested $534,150.00 in damages after alleging that Stark churned and excessively traded in the customer’s account, engaged in unauthorized trades, and made unsuitable investment recommendations. According to FINRA […]

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KC Ward Financial Stockbroker Named in Excessive Trading Claim

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

Joseph F. Comiskey, Jr., of Ronkonkoma, New York, a stockbroker with K.C. Ward Financial, became subject to a pending customer dispute on July 20, 2016, in which the customer requested $450,000.00 in damages after alleging that Comiskey engaged in the speculative trading in the customer’s account. Public disclosure records also reveal that Joseph Comiskey, Jr. […]

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Another Newport Coast Securities Stockbroker Barred For Fraud

Leonard Allen Goldberg, of Palm Springs, California, a stockbroker with Newport Coast Securities, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Goldberg engaged in unsuitable and fraudulent trading of funds in customer accounts. Department of Enforcement […]

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Mount Laurel Morgan Stanley Stockbroker Barred

Lance E. Slater, of Mt. Laurel, New Jersey, a stockbroker with Morgan Stanley, was 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 of unauthorized borrowing of funds from a firm customer. Letter of Acceptance, Waiver and Consent, […]

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Accelerated Capital Group Stockbroker Barred For Fraud

Bahram Mirhashemi, of Irvine, California, a stockbroker registered with Accelerated Capital Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in unauthorized and excessive trading, churning, and unsuitable recommendations. Letter of Acceptance, Waiver and Consent, No. 2012033566201 (Feb. […]

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Dynasty Capital Partners President Suspended for Failure to Supervise

February 12, 2016  |   Posted by :   |   Excessive trading, Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Steve Hinkle of Englewood, Colorado, was fined $10,000 and suspended for twenty days from association with any Financial Industry Regulatory Authority (FINRA) member in all principal capacities after consenting to findings that he failed to supervise procedures associated with detecting and preventing excessive and unsuitable trading. Letter of Acceptance, Waiver and Consent, No. 2014038969301 (Jan. […]

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WFG Investments, Inc. Stockbroker Suspended for Unsuitable Trading

Larry Michael Crabtree of Edmond, Oklahoma, a stockbroker with WFG Investments, Inc., was suspended for six-months in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that Crabtree engaged in unsuitable trading and improperly exercised discretion in the account of a customer; sent inappropriate and unapproved communications […]

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Craig Scott Capital Principals Charged with Fraud

Craig Scott Capital, LLC, headquartered in Uniondale, New York, along with owners Craig Scott Taddonio and Brent Morgan Porges, were charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that the firm and its owners had engaged in excessive and unsuitable trading, fraudulent churning, and other supervisory failures. Department of […]

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Garden State Securities Stockbroker Suspended For Unsuitable Recommendations

Adam R. Tau of New York, New York, a registered representative with Garden State Securities, Inc., was fined $7,500 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for two months after consenting to findings that Tau had made unsuitable recommendations and engaged in discretionary trading. Letter […]

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J.P. Turner & Company Fined for Overcharging Customers

J.P. Turner & Company, based in Atlanta, Goeorgia, was censured and fined $140,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm had not charged customers prices that were fair and reasonable in the purchase/sale of securities. Letter of Acceptance, Waiver and Consent, No. 20130358778 (Nov. 25, 2015). According to the […]

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Newport Coast Securities Broker Suspended for Churning

Marc A. Arena of Westbury, New York, a stockbroker with Newport Coast Securities, Inc., was suspended for twenty-three months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in a principal capacity, while being suspended for ten business days from association with any FINRA member firm in any capacity per an Order Accepting […]

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Global Arena Capital Principal Barred for Supervisory Failures

Kevin Edward Hagan, a trading and operations principal with Global Arena Capital Corp, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and fined $15,000 in connection with findings that Hagan had failed to appropriately discharge his responsibilities as supervisor for his branch, including failures as designated […]

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WFG Principal Barred for Failure to Supervise

Willard L. Golightly, a principal with WFG Investments, Inc., was permanently barred from association with a Financial Industry Regulatory Authority (FINRA) member firm in all principal capacities and barred from associating with a FINRA firm in all capacities for three months after consenting to findings that Golightly had failed to properly supervise sales practices of […]

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Dynasty Capital PartnersPrincipal Barred for Obstructing Investigation

Raymond Clark, a principal with Dynasty Capital Partners, Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities in accordance with an Order Accepting Offer of Settlement containing findings that Clark failed to provide on-the-record testimony in connection with an investigation into allegations that he had executed unauthorized and […]

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Cape Securities Fined for Supervisory Failures

Cape Securities, Inc., a FINRA member since 1976 headquartered in McDonough, GA, offers brokerage services via 118 registered reps via its 20 branch offices and 79 non-registered offices. The Firm was censured and fined $125,000 after consenting to FINRA findings that the firm failed to establish and enforce adequate supervisory systems to detect/prevent fraudulent wires […]

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New York Securities Principal Barred for Excessive Trading

August 17, 2015  |   Posted by :   |   Churning, Excessive trading, Stockbroker Fraud News   |   0 Comments

Rasheed Adams of New York, a prior representative for Caldwell International Securities, was barred from association with any FINRA-registered firm in all capacities after failing to provide FINRA with requested documentation in connection with allegations that Adams engaged in excessive and unsuitable churning and trading in customer accounts, while also failing to disclose a total […]

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