Negligence

Archive | Negligence

Ameriprise Blamed For Bad Investments

Julie Ann Smith of Durham North Carolina a stockbroker formerly registered with Ameriprise Financial Services Inc. is the subject of a customer initiated investment related complaint which was resolved on November 16, 2018 for $115,966.29 in damages supported by allegations that Smith utilized an unsuitable market-timing investment strategy involving non-traditional investments which included (1) derivatives […]

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BPU Investment Accused Of Customer Misconduct

William Richard Berkowitz of Pittsburg Pennsylvania a stockbroker currently registered with BPU Investment Management Inc. is the subject of a customer initiated investment related written complaint on January 9, 2017 where the customer sought $6,100.00 in damages based upon accusations that (1) Berkowitz executed the liquidation of the customer’s accounts without the customer’s permission and […]

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National Planning Corporation Accused Of Negligence

September 12, 2018  |   Posted by :   |   FINRA Securities Arbitration, Negligence, Stockbroker Fraud News   |   0 Comments

Christopher James Lubbers of Parsons Kansas a stockbroker formerly registered with National Planning Corporation is referenced in a customer initiated investment related written complaint on May 20, 2015 where the customer requested $70,000.00 in damages based upon allegations that (1) the customer was provided bad advice by Lubbers with regard to the customer’s insurance contract […]

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Investors Sue National Securities Corp For Negligence

July 12, 2018  |   Posted by :   |   Boilerroom, Negligence, Stockbroker Fraud News   |   0 Comments

James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related arbitration claim where the customer requested $432,020.69 in damages founded on allegations including (1) negligence (2) breach of fiduciary duty and (3) suitability relating to alternative investment transactions effected in the customer’s […]

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Investors Sue Stifel Nicolaus For Fraud

July 12, 2018  |   Posted by :   |   Negligence, Stockbroker Fraud News   |   0 Comments

John Hoff Russell of Clayton Missouri a stockbroker currently employed by Stifel Nicolaus Company is the subject of a customer initiated investment related civil action where the customer sought $25,000.00 in damages founded on accusations that (1) the customer’s investment account was administered in a negligent fashion (2) fiduciary duties that were owed to the […]

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GF Investment Services Sued In Arbitration For Negligence

May 29, 2018  |   Posted by :   |   Negligence, Stockbroker Fraud News   |   0 Comments

Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with G.F. Investment Services LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations of negligence and breach of fiduciary in reference to real estate security transactions executed in the customer’s investment […]

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Customer Sues National Securities Corp For Negligence

Mark Angelo Gassoso of Jersey City New Jersey a stockbroker currently registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages supported by allegations including (1) misrepresentation (2) negligence (3) breach of fiduciary duty and (4) suitability relating to the customer’s […]

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Western International Securities Sued For Negligence

May 01, 2018  |   Posted by :   |   Negligence, Stockbroker Fraud News   |   0 Comments

Shail Vithaldas Mehta of Westlake Village California a stockbroker currently registered with Western International Securities Inc. is the subject of a customer initiated investment related civil action which settled for $97,500.00 in damages founded on accusations that (1) false statements concerning securities were made to the customer (2) fiduciary duties were breached and (3) the […]

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Customer Sues Cetera Advisors For Negligence

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

Andrew John Costanzo Junior of Pittsburgh Pennsylvania is a stockbroker currently registered with Cetera Advisors LLC who is the subject of a customer initiated investment related arbitration claim where the customer requested $279,000.00 in damages based upon accusations that the customer’s investment accounts had been negligently established and administered. Financial Industry Regulatory Authority (FINRA) Arbitration […]

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National Securities Corporation Negligence Complaints

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

William Francis Gillis, of Seattle, Washington, a stockbroker formerly registered with National Securities Corporation, has been named in a customer initiated investment related written complaint, which settled on May 22, 2017, for $80,000.00 in damages based upon allegations that he breached his fiduciary duties to the customer and negligently handled the customer’s investment account. Financial […]

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Western International Securities Sued For Negligence

Jed Edward Turner, of Missoula, Montana, a stockbroker formerly registered with Western International Securities, Inc., has been named in a customer initiated investment related arbitration claim on August 10, 2016, in which the customer requested $181,668.00 in damages based upon allegations that Turner negligently handled the customer’s stock portfolio. Financial Industry Regulatory Authority (FINRA) Public […]

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Pacific West Securities Named In FINRA Securities Arbitration

January 26, 2017  |   Posted by :   |   FINRA Securities Arbitration, Negligence   |   0 Comments

Robert Alden Cannon, of Issaquah, Washington, a stockbroker formerly registered with Pacific West Securities, Inc., has been named in a customer initiated investment related arbitration claim on December 16, 2014, in which the customer requested $175,000.00 in damages based upon allegations that Cannon negligently handled the customer’s investment account, committed violations of FINRA Rule 2111 […]

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