Failure to Diversify

Archive | Failure to Diversify

Edward Jones Brokers Terminated For Misconduct

February 05, 2019  |   Posted by :   |   Failure to Diversify, Forgery, Stockbroker Fraud News, Suitability   |   0 Comments

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that registered representatives of Edward Jones including Bruce Stanley Jakiel, Derek Strubel, John Burton Enoch Cestia II, Leslie Greenman and Tahnee Allman have been terminated by the firm founded on Edward Jones’ allegations of their violative conduct while they were employed by the firm. Bruce Stanley Jakiel […]

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Waddell Reed Accused Of Failure To Diversify Investments

Sean Lewis Dobranich of Las Nevada a stockbroker currently employed by Waddell Reed is referenced in a customer initiated investment related written complaint on April 28, 2017 in which the customer requested $25,000.00 in damages founded on allegations that (1) Dobranich over-concentrated the customer’s managed account in inappropriate securities (2) Dobranich neglected to sell the […]

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Investors Sue Wells Fargo For Bad Investments

November 23, 2018  |   Posted by :   |   Annuity Schemes, Failure to Diversify, Stockbroker Fraud News   |   0 Comments

Jerry Duane Holdsworth of Lincoln Nebraska a stockbroker currently registered with Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on accusations that (1) Holdsworth effected stock trades in the customer’s account that were not suitable for the customer and […]

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RBC Accused Of Failure To Diversify Investment Portfolio

James Danielly Finley Jr. of Red Bank New Jersey a stockbroker currently registered with RBC Capital Markets LLC is referenced in a customer initiated investment related written complaint on April 4, 2018 in which the customer sought $50,000.00 in damages founded on accusations that Finley neglected to diversify the customer’s investment portfolio between February of […]

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Customer Accuses L&M Financial Of Suitability

January 10, 2018  |   Posted by :   |   Failure to Diversify, Stockbroker Fraud News   |   0 Comments

Lauren Anne Ferrante, of Parma, Ohio, a stockbroker formerly registered with L&M Financial Services, is the subject of a customer initiated investment related written complaint on May 9, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Ferrante effected unsuitable equity transactions in the customer’s account and failed to diversify the […]

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Cetera Advisors Customer Arbitration Alleges Negligence

July 01, 2017  |   Posted by :   |   Failure to Diversify   |   0 Comments

Abraham Heimann, of Alpharetta, Georgia, a stockbroker currently registered with Cetera Advisors LLC, has been named in a customer initiated investment related arbitration claim on April 20, 2017, in which the customer requested $30,000.00 in damages based upon allegations that Heimann did not diversify the customer’s equity portfolio adequately, negligently managed the customer’s investments, and […]

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Capital Financial Services Sued for Unsuitability

Steven Roland Knuttila, of Perham, Minnesota, a stockbroker currently registered with Capital Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on February 20, 2017, in which the customer requested $139,722.14 in damages based upon allegations that Knuttila made unsuitable investment recommendations to the customer concerning investments in real estate, […]

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AXA Advisors Sued for Unsuitability

April 10, 2017  |   Posted by :   |   Failure to Diversify, Stockbroker Fraud News   |   0 Comments

Brent Spicuzza, of Chesterfield, Missouri, a stockbroker formerly registered with AXA Advisors, LLC, has been named in a customer initiated investment related written complaint on March 21, 2016, based upon allegations that Spicuzza made unsuitable investment recommendations to the customer concerning the purchase of energy sector mutual funds. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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Berthel Fisher Customer Alleges Unsuitability

March 30, 2017  |   Posted by :   |   Failure to Diversify, Stockbroker Fraud News   |   0 Comments

John Shaw Notman, of Stockton, California, a stockbroker currently registered with Berthel, Fisher & Company Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on May 2, 2016, in which the customer requested $650,000.00 in damages based upon allegations that Notman made misrepresentations to the customers and effected unsuitable transactions […]

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Customers Sue VSR Financial Services Stockbroker For Fraud

Steven L. Stahler, of Baton Rouge, Louisiana, is subject to a pending customer dispute from July 20, 2015, in which the customer requested $793,101.00 in damages in connection with allegations against Stahler of failing to diversify the customer’s investments that had been recommended by Stahler to the customer. According to FINRA Public Disclosure, Stahler has […]

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