Negligence

Archive | Negligence

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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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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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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