Stockbroker Theft

Archive | Stockbroker Theft

FINRA Bars Former Ameriprise Stockbroker For Failure To Pay Arbitration Award

Li-Lin Hsu (also known as Yilin Hsu) of Los Angeles California a stockbroker formerly registered with Ameriprise Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Hsu failed to comply with paying a customer $675,000.00 in damages after being found liable […]

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NYLife Stockbroker Convicted Of Wire Fraud

Jonathan Spencer Williams of Timonium Maryland a stockbroker formerly employed by NYLife Securities pled guilty to one count of felony wire fraud (18. U.S.C. § 1343) as part of a scheme which caused customers of NYLife Securities to incur approximately $2,800,000.00 in losses. Criminal Action No. 1:18cr183 (D. Md. Apr. 29, 2019). Evidently, customers were […]

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Morgan Stanley Stockbroker Barred In Theft Investigation

Robert Frederico Montes of Palm Harbor Florida a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Montes failed to comply with FINRA’s investigation into allegations of him misappropriating funds belong to an elderly customer of Morgan Stanley. […]

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SagePoint Sued By Investors For Stockbroker Theft

Timothy Francis Dufresne of Bamberg South Carolina a stockbroker formerly employed by SagePoint Financial Inc. is referenced in a customer initiated investment related civil action brought in the Bamberg County South Carolina Court of Common Pleas in which the customer sought unspecified damages based upon accusations of the embezzlement of the customer’s funds by Dufresne […]

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R.M. Stark Stockbroker Barred In Investigation

Thomas John Marino of Delray Beach Florida a stockbroker formerly registered with R.M. Stark Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Marino neglected to cooperate with a FINRA investigation into allegations of his misappropriation of funds belonging to a customer […]

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Arvest Stockbroker Barred By Regulator For Customer Loan

Joe Don Treece of Bentonville Arkansas a stockbroker formerly employed by Arvest Wealth Management has been barred from being a stockbroker in the state of Oklahoma according to an Order issued by the Oklahoma Department of Securities containing accusations that (1) Treece borrowed funds from a customer in an unethical and dishonest fashion (2) Treece […]

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Wells Fargo Stockbroker Accused By Investors Of Misappropriation

July 22, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Philip Earl Brunson (also known as Phil Brunson) a stockbroker formerly employed by Wells Fargo Advisors is the subject of a customer initiated investment related complaint which was resolved for $28,929.99 in damages on August 24, 2018 based upon accusations that the customer’s funds had been misappropriated by Brunson during the time that he was […]

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LPL Stockbroker Barred By FINRA For Stealing $1 Million

James Thomas Booth of Norwalk Connecticut a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Booth converted funds belonging to customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062787101 […]

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New Jersey Nails National Securities Stockbroker For Stockbroker Theft and Elder Abuse

Michael Alan Siegel of Edison New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a Summary Penalty and Revocation Order in which Siegel has been fined $100,000.00 and his stockbroker registration in the State of New Jersey was revoked based upon the New Jersey Bureau of Securities Bureau Chief’s findings […]

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FINRA Sanctions Merrill Lynch Stockbroker For Customer Loans

Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $12,500.00 and suspended for ten months from associating with any FINRA member in any capacity based upon allegations that (1) Brown took possession of customers’ funds through an unapproved customer loan arrangement and (2) […]

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Principal Securities Accussed Of Fraud By Investors

David Lee Reynolds of Modesto California a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related written complaint on March 6, 2019 where the customer requested $100,000.00 in damages founded on accusations that (1) Reynolds committed elder abuse (2) Reynolds placed the customer in investments including private placements […]

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Investors Sues UBS Financial Services For Stockbroker Theft

Michael Roy Blueweiss of Melville New York a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that between 2014 and 2017: (1) the customer’s funds had been stolen or otherwise misappropriated by Blueweiss (2) […]

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Western International Accused Of Misconduct In Connection With Sale Of Alternative Investments

Clement Lancelot Chichester (also known as Clement Ignatius Chichester) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc is referenced in a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages founded on accusations that (1) misrepresentations and omissions were made to the customer concerning the terms […]

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FINRA Bars Benjamin Jerold Stockbroker For Obstruction

Rand Alan Heckler of Glen Cove New York a stockbroker formerly registered with Benjamin Jerold Brokerage I LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Heckler failed to cooperate with a FINRA investigation into allegations of (1) Heckler misappropriating funds […]

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Investors Blame Merrill Lynch For Alleged Stockbroker Misappropriation

Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which had been resolved for $55,000.00 on January 8, 2018 founded on allegations that the customer was solicited for purposes of a loan where the customer’s […]

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Raymond James Pays Investors For Stockbroker Theft

Claus Christoph Foerster of Greenville South Carolina a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was settled for $27,500.00 on May 18, 2017 supported by accusations that (1) the customer’s signature had been forged on documentation to effect investment transactions and (2) the […]

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Terminated LPL Stockbroker Accused of Stockbroker Theft

James “Jim” Booth of LPL Financial and Booth Financial in Norwalk Connecticut has been named in a customer initiated, investment related claims filed before the Financial Industry Regulatory Authority that Booth stole or misappropriated funds from his customers. According to FINRA Public Disclosure, Booth appears to have been terminated by LPL on June 26, 2019. […]

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Morgan Stanley Sued By Investors For Misappropriation

Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley Smith Barney is the subject of a customer initiated investment related arbitration claim in which the customer sought unspecified damages supported by accusations that the customer’s funds had been misappropriated through an investment held by the customer outside the firm’s auspices between 2013 […]

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Cambridge Investment Research Sued For Stockbroker Theft

Francesco Puccio of Pittsford New York a stockbroker formerly employed by Cambridge Investment Research Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages based upon allegations that (1) Puccio placed the customer in annuities and life insurance products that were not suitable for the customer […]

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Investors Sue Triad Advisors For Fraud

Liam Gerard O’Keeffe of Danbury Connecticut a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related arbitration claim which was settled for $65,000.00 in damages supported by accusations that between 2001 and 2016: (1) bad investment recommendations were made to the customer and (2) misrepresentations had been made concerning the […]

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Investors Sue LPL Financial For Unauthorized Trading

Charles Caleb Fackrell of Yadkinville North Carolina a stockbroker formerly employed by LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought compensatory damages founded on accusations that (1) penny stock and equities trades were placed in the customer’s account by Fackrell even though Fackrell lacked […]

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Global Strategic Investments Sued For Misrepresentation

Alejandro Ariel Torres of Miami Florida a stockbroker formerly registered with Global Strategic Investments LLC is the subject of a customer initiated investment related arbitration claim which was settled for $32,500.00 in damages founded on accusations that misrepresentations had been made to the customer by Torres in regard to the customer’s investments and (2) investments […]

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SEC Sanctions Alluvion Stockbroker For Stealing

John Sherman Jumper of Memphis Tennessee a stockbroker formerly registered with Alluvion Securities LLC is the subject of a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) and Investment Advisers Act Section 203(f) in which SEC is considering barring Jumper from being a securities broker […]

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Commonwealth Financial Stockbroker Barred In Investigation

Benjamin Frank Bourgeois Jr. (also known as Ben Bourgeois) of Metairie Louisiana a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Bourgeois failed to cooperate with a FINRA investigation into accusations that (1) Bourgeois converted funds […]

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J.P. Morgan Stockbroker Barred By SEC For Fraud

June 03, 2019  |   Posted by :   |   Ponzi Scheme, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Michael Jeffrey Oppenheim of New York New York a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisory firms according to an Order Instituting Administrative Proceedings pursuant to Securities Exchange […]

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FINRA Bars American Portfolios Stockbroker In Investigation

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of […]

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Investors Sue Voya Financial For Stockbroker Theft

Frederick Eugene Monroe Jr. (also known as Fred Monroe) of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. is referenced in a customer initiated investment related civil action brought in the Supreme Court of the State of New York where the customer sought $665,000.00 in damages founded on allegations that Monroe […]

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FINRA Bars M Holdings Stockbroker In Theft Investigation

Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Grant failed to cooperate with FINRA in an investigation concerning Grant’s conversion of funds from customers of the […]

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Regulators Investigate OneAmerica Stockbroker For Fraud

Zachary Scott Wagner of Gilbert Arizona a stockbroker formerly registered with OneAmerica Securities Inc. is referenced in a Arizona Securities Division investigation on March 26, 2019 founded on accusations that Wagner engaged in violations of the Arizona Investment Management Act and the Arizona Securities Act by (1) soliciting securities sales in the state without Wagner […]

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Allstate Stockbroker Investigated For Theft By FINRA

Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them […]

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FINRA Investigates J.D. Darbie Stockbroker For Conversion

Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. is the subject of a FINRA Investigation in which FINRA determined that disciplinary action should be taken by FINRA Department of Enforcement against Nunez founded on accusations of (1) Nunez taking a loan from a customer (2) Nunez falsifying […]

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Northwestern Mutual Stockbroker Barred In Theft Investigation

Sampson Pearson Jr. of Charlotte North Carolina a stockbroker formerly registered with Northwestern Mutual Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Pearson declined to cooperate with a FINRA information request. Case No. 2017054269301 (Sept. 22, 2017). According to FINRA Public […]

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SEC Bars Stifel Nicolaus Stockbroker For Fraud

Jon Brett Schmidhammer of Dublin Ohio a stockbroker formerly employed by Stifel Nicolaus Company Inc. has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisors according to an Order Instituting Administrative Proceedings Pursuant To Securities Exchange Act of […]

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Cambridge Stockbroker Barred By FINRA For Conversion

Anselmo Contreras Jr. of Angleton Texas a stockbroker formerly employed by Cambridge Investment Research has been barred from associating with any Financial industry Regulatory Authority (FINRA) member in any capacity based upon findings that Contreras converted a customer’s funds while he was associated with Cambridge Investment Research. Letter of Acceptance, Waiver and Consent No. 2018057254501 […]

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JP Morgan Stockbroker Barred In Investigation Involving Theft From Dead Customer

Joshua Alexander Stephens-Anselm of Valley Stream New York a stockbroker formerly registered with J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Stephens-Anselm declined to respond to FINRA’s request for information possibly relating to Stephens-Anselm being terminated by J.P. Morgan […]

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HD Vest Stockbroker Barred In Investigation

Erin Lynn Verespy of Trumbull Connecticut a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Verespy neglected to cooperate with a FINRA investigation into accusations that funds belonging to a customer had been […]

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Newbridge Stockbroker Barred By SEC For Fraud

May 02, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Brian Michael Berger of Boca Raton Florida a stockbroker formerly registered with Newbridge Securities Corporation has been barred from being a stockbroker or investment advisor or otherwise associating with securities broker dealers or investment advisors according to a Securities and Exchange Commission (SEC) Initial Decision of Default containing findings that Berger defrauded investors. In the […]

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Morgan Stanley Stockbroker Barred For Conversion

John William Cutshall of Frederick Maryland a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member according to an Order Accepting Offer of Settlement based on findings that (1) Cutshall converted a customer’s funds and (2) Cutshall improperly utilized a customer’s funds. Department of Enforcement […]

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Bonwick Capital Partners Owner Barred For Conversion

April 10, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Devin Lamarr Wicker of New York New York the majority owner, Chief Executive Officer and Chief Compliance Officer of Bonwick Capital Partners LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Wicker converted a customer’s funds. Department […]

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FINRA Bars Mutual Of Omaha Broker In Investigation

Edward Earl Matthes (also known as Ed Matthes) of Oconomowoc Wisconsin a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations […]

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Royal Alliance Broker Sentenced To Prison For Fraud

Kimberly Pine Kitts of Palmer Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. was sentenced by a federal district court judge to more than seven years in prison, three years of supervised release and required to pay restitution of $3,085,939.00 according to the United States Attorney’s Office based upon Kitts pleading guilty to […]

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FINRA Bars Cherry Hill Allstate Stockbroker In Theft Investigation

Ciro Joseph Santoro of Cherry Hill New Jersey a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santoro did not provide FINRA with information that had been requested of him during its inquiry into Santoro’s […]

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FINRA Bars State Farm Stockbroker In Investigation

Bradley Allen Latting of Lawton Oklahoma a stockbroker formerly registered with State Farm VP Management Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to comply with FINRA’s investigation into accusations of (1) Latting’s conversion of an elderly customer’s […]

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SEC Bars Morgan Stanley Stockbroker For Fraud

Cornelius Peterson of Boston Massachusetts an investment adviser representative and stockstockbroker formerly employed by Morgan Stanley has been barred by the Securities and Exchange Commission (SEC) from associating with any investment advisor or stockbrokerage firm according to an Order Instituting Administrative Proceedings According to Investment Advisers Act of 1940 Section 203(f) and Securities Exchange Act […]

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Investors Accuse Cantella Stockbroker Of Unauthorized Trading

Ricardo Eduardo Harmsen of Pittsboro North Carolina a stockstockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related complaint on February 11, 2019 in which the customer sought $200,000.00 in damages supported by allegations that a transfer of the customer’s assets had been effected without the customer’s permission while […]

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BBVA Stockbroker Barred In Investigation

Adrian Torres Ortega of Sun City West Arizona a stockbroker formerly employed by BBVA Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ortega failed to cooperate with a FINRA investigation into accusations of his unauthorized transfer of a customer’s investment funds. […]

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Investors Win Against Fintegra CEO In Promissory Note Scheme

Doreen Lea Weber (also known as Doreen L. Tyler Strand and as Doreen Lea Strand) the former Chief Executive Officer of Fintegra LLC. is named in a customer initiated investment related arbitration claim in which the customer was awarded $20,000.00 in compensatory damages based upon Weber being found liable on the customer’s claims of (1) […]

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FINRA Bars MML Stockbroker In Investigation

March 28, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly employed by MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Hearing Panel Decision containing findings that Woodward failed to give documentation to FINRA and provide recorded testimony before FINRA personnel […]

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Investacorp Fires Broker For Unauthorized Access To Customer Accounts

Andrew Joseph Fairchild of Parkland Florida a stockbroker formerly employed by Investacorp Inc. has been terminated from employment on December 6, 2018 based upon the firm’s allegations that Fairchild inappropriately contacted a third party to effect withdrawals from customers’ annuities accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer filed an […]

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SEC Bars Thompson Davis Broker For Fraud

Victor M. Dandridge III of Richmond Virginia a stockbroker formerly employed by Thompson Davis Co. Inc. has been barred by Securities and Exchange Commission (SEC) from being an investment advisor or broker or otherwise associating with investment advisories or brokerage firms according to an Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 […]

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Investors Sue Insight Securities For Fraud

Carlos Javier Legaspy of Highland Park Illinois the President and Chief Executive Officer of Insight Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $2,765,000.00 in damages based upon accusations that while Legaspy was associated with Insight Securities Inc.: (1) customers were presented with fraudulent documents to effect […]

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CFWP Securities Broker Barred By FINRA In Investigation

Stephen Michael Hart of New York New York a stockbroker formerly employed by CFWP Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hart failed to cooperate with FINRA’s investigation into his possible conversion of funds. Letter of Acceptance Waiver and Consent […]

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TD Broker Barred In FINRA Theft Investigation

Leonardo S. Araujo of Coral Gables Florida a stockbroker formerly employed by TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to cooperate with FINRA’s request for his information. Case No. 2016049044601 (Aug. 28, 2017). According to FINRA Public […]

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Investment Center Stockbroker Criminally Charged With Fraud

Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and […]

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FINRA Bars Wells Fargo Broker In Theft Investigation

Somning Pheth (also known as Demo Pheth) a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Pheth failed to provide FINRA with information that had been formally requested of him through a FINRA inquiry. […]

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FINRA Charges Charles Schwab Broker With Stealing

February 20, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Andrew Manual Garcia of Indianapolis Indiana a stockbroker formerly registered with Charles Schwab Co. Inc. has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Garcia converted a customer’s funds. Department of Enforcement v. Andrew Manual Garcia, Disciplinary Action No. 2017054899801 (Feb. 4, 2019). According to the Complaint, […]

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Corinthian Partners Broker Caught Selling Promissory Notes

Thomas Anthony Gallo of New York New York a stockbroker formerly registered with Corinthian Partners LLC has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations concerning promissory notes that had been sold by […]

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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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State Farm Broker Fired For Misuse Of Investor Funds

Perry Davis Stalvey of Bloomington Illinois a stockbroker formerly registered with State Farm VP Management Corp. was discharged on February 6, 2018 based upon the firm’s allegations that Stalvey misused money that was provided to him by a customer of the firm pertaining to an investment transaction. FINRA Public Disclosure reveals that Stalvey is also […]

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FINRA Bars MetLife Stockbroker For Elder Abuse

Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that (1) Orlando made unsuitable investment recommendations to an elderly customer and […]

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FINRA Suspends Wells Fargo Broker For Dodging Inquiry

February 05, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Herbert H. Hafen of New York New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hafen failed to provide a response to FINRA after an inquiry was made into his activities possibly […]

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FINRA Bars Ameritas Broker In Theft Investigation

Kristian M. Gaudet of Cut Off Louisiana a stockbroker formerly registered with Ameritas Investment Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Gaudet failed to cooperate with a FINRA investigation into allegations of Gaudet’s misuse of customer funds during the […]

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Edward Jones Broker Barred In FINRA Theft Investigation

James Thomas Walters II of Macon Georgia a stockbroker formerly employed by Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Walters neglected to provide a response to FINRA’s information request possibly concerning his termination from Edward Jones. FINRA Case No. 2018058353701 […]

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Northwestern Broker Barred In Misappropriation Inquiry

James Christopher Ward of Fort Meyers Florida a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to honor FINRA’s requests for information. Case No. 2018058038201 (Sept. 4, 2018). FINRA reportedly lodged an […]

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FINRA Bars JP Morgan Broker In Theft Investigation

January 19, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Michael Patrick Nanto of Del Mar California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Nanto failed to comply with FINRA during an inquiry into Nanto’s activities. Case No. 2017054342001 (May 24, 2018). According […]

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LPL Financial Broker Barred For Elder Theft

Robert James Wodicker of Arnold Missouri a stockbroker formerly registered with LPL Financial LLC has been fined $80,000.00 and barred from registering as an investment adviser representative or broker-dealer agent in Missouri according to a Final Order to Cease and Desist and Order Awarding Civil Penalties Cost and Other Administrative Relief based on findings that […]

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FINRA Charges CP Capital Broker With Fraud

Jorge A. Reyes of Miami Florida a stockbroker formerly registered with CP Capital Securities has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that between May of 2013 and August of 2016, Reyes (1) utilized misleading materials to market private placements (2) advised a customer to purchase a private placement that […]

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IFS Securities Sued For Breach Of Fiduciary Duty

Steven Douglas Schisler of Grass Valley California a stockbroker currently registered with IFS Securities is referenced in a civil action brought in the Nevada County Superior Court of Nevada City California where the plaintiff sought restitution based upon allegations that while Schisler was associated with IFS Securities Inc. (1) fiduciary duties owed to the plaintiff […]

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Huntington Stockbroker Barred In Theft Investigation

January 03, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Frank Blaise Anthony Restifo Jr. of Willoughby Hills Ohio a stockbroker formerly employed by The Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Restifo failed to comply with FINRA’s request for information. Case No. 2017053647201 (Sept. 25, 2017). FINRA Public […]

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FINRA Bars Bastardo In Stockbroker Theft Investigation

January 03, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Roberto Omar Bastardo of Jupiter Florida a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Bastardo failed to respond to a FINRA inquiry which may have concerned Bastardo’s discharge from Wells Fargo Advisors LLC. FINRA […]

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Principal Securities Fires Broker For Misappropriation

December 21, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Christopher Thomas Hildebrandt of Cape May Court House New Jersey a stockbroker formerly registered with Principal Securities Inc. has been discharged by the firm on October 30, 2018 based upon accusations that (1) Hildebrandt effected unauthorized transactions in a customer’s account and (2) Hildebrandt misappropriated funds from a trust account. Financial Industry Regulatory Authority (FINRA) […]

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National Securities Corp Stockbroker Barred For Conversion

Kyle Patrick Harrington of San Diego California a stockbroker formerly employed by National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Extended Hearing Panel’s findings that (1) Harrington converted a customer’s funds (2) Harrington tried to hide that he stole funds […]

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Broker Barred For Stealing Money From His Mother

Robert Lee Basile of Corona California, a stockbroker formerly employed by Waddell Reed Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he stole the funds belonging to a Waddell Reed customer, whom just happened to be his own elderly mother, […]

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LPL Financial Broker Barred For Taking Dead Clients’ Money

Cheryl Ann Stallings of Amarillo Texas a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Stallings violated the firms supervisory procedures and systems (2) Stallings impermissibly utilized the funds of an LPL Financial […]

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RBC Capital Markets Sued By Investors For Misappropriation

John Robert McGinnis of Escondido California a stockbroker formerly employed by RBC Capital Markets is referenced in a customer initiated investment related arbitration claim which was resolved for $652,000.00 in damages supported by accusations that between 2009 and 2015: (1) McGinnis sold the customer private placement investments outside the auspices of RBC Capital Markets (2) […]

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Broker Ban Banned For Mishandling Customer Funds

Tony Ban of New York New York a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on May 12, 2017 supported by allegations that Ban (1) procured cash from several of the firm’s customers (2) failed to appropriately document the transactions (3) mishandled the customer’s funds and (4) inappropriately used […]

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FINRA Charges MML Broker With Hindering Investigation

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly registered with MML Investors Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in Complaint alleging that Woodward failed to cooperate in a FINRA investigation into allegations that he converted a customer’s funds. Department of Enforcement v. Tyler J. Woodward […]

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Wells Fargo Stockbroker Barred By FINRA For Conversion

Thomas A. Davis of Hilton Head Island South Carolina a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Davis converted funds from customers and failed to cooperate with FINRA’s investigation into […]

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FINRA Bars Farmers Financial Broker For Failure To Respond

October 22, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Christopher John Tiernan of Marshall Town Iowa a former Farmers Financial Solutions LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s request for information about his possible misconduct. Case No. 2016050691901 (July 27, 2017). FINRA […]

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FINRA Bars Wells Fargo Broker In Theft Investigation

Wilfred Rodriguez Jr. of Boca Raton Florida a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s requests in an investigation into Rodriguez’s purported conversion of customer […]

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Investor Sues CoreCap Investments For Conversion

Raymond Max Pett of Southfield Michigan a stockbroker currently registered with CoreCap Investments, Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $170,000.00 in damages based upon allegations that Pett was liable for a registered representative having stolen the customer’s assets. FINRA Arbitration No. 18-01283 (August 9, 2018). […]

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Oppenheimer Broker Suspended For Investor Loans

Patrick McGrath III of Miami Florida a stockbroker formerly employed by Oppenheimer Co. Inc. 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 borrowed funds from a customer without permission. Letter of Acceptance Waiver and Consent No. 201303723890 […]

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Moors Cabot Broker Barred By FINRA In Theft Investigation

Robert Todd Clark of Boston Massachusetts a stockbroker formerly employed by Moors Cabot Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with a FINRA investigation into allegations of Clark’s unauthorized use of customer funds. Letter of […]

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FINRA Bars Hazard Siegel Broker In Theft Investigation

Howard Raymond Utz of Mars Pennsylvania a stockbroker formerly registered with Hazard Siegel Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into allegations of his conversion of a customer’s funds. Letter of Acceptance […]

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FINRA Bars United Planners Broker For Conversion

September 27, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Eugene Donald Anderson (also known as Gene Anderson) a stockbroker formerly registered with United Planners’ Financial Services of America has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted customers’ funds. Letter of Acceptance Waiver and Consent No. 2016051376401 (Feb. 10, […]

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SEC Bars PFS Investments Stockbroker For Stealing

September 27, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Barkley JW Lundy Jr. (also known as Mike Lundy Jr.) of Rapid City South Dakota a stockbroker formerly registered with PFS Investments Inc. has been barred by Securities and Exchange Commission (SEC) from having any association with any broker or investment adviser according to an Order containing findings that Lundy committed fraud. In the Matter […]

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FINRA Charges NYLife Broker With Conversion

Marc Anthony Last of Berwyn Pennsylvania a stockbroker formerly registered with NYLife Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he converted a customer’s funds from the customer’s variable annuity. Department of Enforcement v. Marc Anthony Last Disciplinary Proceeding No. 2016052434001 (Sept. 17, 2018). According to the […]

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FINRA Bars Ameriprise Broker In Theft Investigation

September 27, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jeffrey Joseph Kelly of Getzville New York a stockbroker formerly registered with Ameriprise Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide information and documentation to FINRA concerning his possible misappropriation or conversion of customer […]

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BBVA Broker Barred For Failure To Reply To Regulator

Stephen Robert Adams of Birmingham Alabama a stockbroker formerly employed by BBVA Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Adams failed to provide FINRA’s staff information that had been requested of him in an investigation into his activities. Case No. […]

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PFS Investments Broker Barred By FINRA For Stealing

September 12, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Daniel Noah Winger of Federal Way Washington a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds belonging to a customer of the firm. Letter of Acceptance Waiver and Consent No. 2018059559101 […]

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Lincoln Financial Advisors Broker Accused Of Theft

September 12, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Steven Harvey Serot of Saint Louis Missouri a former Lincoln Financial Advisors Corporation registered representative is referenced in a customer initiated investment related written complaint on March 30, 2017 where the customer sought more than $5,000.00 in damages supported by allegations that the customer’s funds had been misappropriated from the customer’s variable annuity. Financial Industry […]

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FINRA Bars Morgan Stanley Broker For Theft

Justin Travis Mair of Glens Falls New York a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2016051547601 (June 13, 2018). According to […]

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Morgan Stanley Stockbroker Charged With Stealing

August 25, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

John William Cutshall of Frederick Maryland a stockbroker formerly employed by Morgan Stanley has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Cutshall (1) converted a customer’s funds (2) improperly utilized customer funds (3) failed to abide by standards of commercial honor and principles of trade and (4) made misrepresentations […]

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Investors Sue Gould Ambroson For Failure To Detect Theft

Jay Allan Ambroson of Garden City New York the president and chief compliance officer of Gould Ambroson Associates Ltd. is referenced in a customer initiated investment related arbitration claim where the customer requested $970,000.00 in damages supported by allegations that Ambroson was liable for negligent supervision and conversion of the customer’s funds relating to the […]

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Securities America Named In $3.4 Million Ponzi Scheme

August 17, 2018  |   Posted by :   |   Ponzi Scheme, Stockbroker Theft   |   0 Comments

Hector May of New City, New York, a registered representative of Securities America was named in a customer initiated, investment related claim that May stole more than $3.4 million from at least nine of his public customers by misappropriating their assets in a Ponzi-style scheme. May operated a “franchise” branch office of Securities America conducting […]

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UBS Broker Steals $4 Million in Ponzi Scheme

August 17, 2018  |   Posted by :   |   Misappropriation of Funds, Ponzi Scheme, Stockbroker Theft   |   0 Comments

John C. Maccoll a stockbroker registered with UBS Financial Services in Birmingham, Michigan was charged by the United States Securities & Exchange Commision with the theft of over 4 million from his clients. Maccoll purportedly solicited his brokerage customers to invest in a purported private, alternative, hedge-type fund that Maccoll claimed was highly-profitable. The purported fund […]

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Stockbroker Theft Costs Ameriprise $4.5 million

August 17, 2018  |   Posted by :   |   Failure To Supervise, Stockbroker Theft   |   0 Comments

My stockbroker stole my money. Ameriprise Financial Services Inc. will pay $4.5 million to the United States Securities & Exchange Commission to settle charges that it failed to safeguard retail investor assets from theft by its representatives. Ameriprise Financial Services provides brokerage services to customers and advisory clients through a national network of approximately 9,700 […]

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Wells Fargo Fires Broker For Unauthorized Stealing

Derrick Tyrone Robinson of Washington District of Columbia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been discharged by the firm on December 6, 2017 founded on accusations that Robinson “took possession of a customer’s savings bonds and property without ever obtaining the customer’s permission.” Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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Hazard Siegel Discharges Stockbroker For Selling Away

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

Howard Raymond Utz of Mars Pennsylvania a stockbroker formerly employed by Hazard Siegel Inc. has been discharged by the firm on June 1, 2018 founded on accusations that Utz (1) converted funds belonging to customers (2) engaged in unapproved private securities transactions and (3) failed to notify the firm about his outside business activities. FINRA […]

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Stifel Stockbroker Barred For Stealing

July 16, 2018  |   Posted by :   |   Elder Abuse, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Mitchell Toby Yanow of Boca Raton Florida a stockbroker formerly registered with Stifel Nicolaus Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a Stifel customer’s funds. Letter of Acceptance Waiver and Consent No. 2018058538001 (July 11, 2018). According […]

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Investors File Lawsuits In Selling Away Scheme

July 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Theft   |   0 Comments

Investor suits are piling up against Gould, Ambroson & Associates for an investment scheme perpetrated by one of its principals Matthew Evan Eckstein. Between December 2014 and December 2015 while associated with Gould, Ambroson & Associates Eckstein illegally sold over $1.3 million of investments in Conmac Funding Corp. to his customers, including elderly, conservative investors. […]

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Wells Fargo Broker Suspended In Theft Investigation

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

Ramon Arturo Herrera of Jersey City New Jersey a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he declined to provide FINRA information that was requested of him by the regulator. Case No. 2018057425101 […]

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Merrill Lynch Broker Barred In Theft Investigation

Shakela Yashica Carter of Fort Lauderdale Florida a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that Carter obstructed a FINRA investigation into accusations that she […]

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Capitol Securities Stockbroker Caught Stealing

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

Troy Christopher Baldridge of Richmond Virginia a stockbroker formerly employed by Capitol Securities Management Inc. has been barred by Securities and Exchange Commission (SEC) from associating with any investment adviser or broker in any capacity according to an Order Instituting Administrative Proceedings containing findings that Baldridge misappropriated customer funds. In the Matter of Troy C. […]

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CoreCap Investments Sued For Stockbroker Theft

June 30, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Holly Marie Maurer of Southfield Michigan a stockbroker formerly registered with CoreCap Investments Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $222,000.00 in damages founded on accusations that Maurer participated in a scheme involving the theft of the customer’s funds. Financial Industry Regulatory Authority (FINRA) Arbitration […]

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Morgan Stanley Fined $3.6 Million In Stockbroker Theft Case

June 29, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Barry F. Connell a Morgan Stanley stockbroker from Ridgewood, New Jersey “allegedly” stole or misappropriated approximately $7 million from several his clients in more than 110 transactions. Connell was charged by the SEC in February 2017, has been criminally charged by the U.S. Attorney’s Office for the Southern District of New York. These charges remain […]

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FINRA Bars Broker In Theft Investigation

June 25, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Christopher Guocthai Nguyen of Fort Worth Texas a stockbroker formerly registered with TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide information to FINRA concerning his activities. Case No. 2017055956001 (Apr. 12, 2018). FINRA Public Disclosure reveals […]

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HSBC Broker Accused Of Stealing

June 21, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Brian A. Hazan of New York New York a stockbroker formerly employed by HSBC Securities (USA) Inc. is referenced in a customer initiated investment related written complaint on February 11, 2018 where the customer alleged that the customer’s investment funds had been misappropriated. FINRA Public Disclosure additionally confirms that on May 22, 2008, a customer […]

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LPL Stockbroker Barred For Stealing

June 21, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Bradley Everett Gardner of Fort Bragg California a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2017055975701 (June 4, 2018). According to […]

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FINRA Bars US Bancorp Stockbroker For Stealing

John Douglas Wade of Fullerton California a stockbroker formerly registered with U.S. Bancorp Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a U.S. Bancorp customers’ funds. Letter of Acceptance Waiver and Consent No. 2018058354101 (June 4, 2018). […]

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Merrill Lynch Sued For Stockbroker Theft

June 21, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Archibald Adam Walker of Great Neck New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages founded on accusations that Walker converted a customer’s funds in the course of effecting a real estate transaction. […]

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Wells Fargo Broker Barred In Theft Investigation

Marcus Duane Parker of Santa Fe New Mexico a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into allegations that he misappropriated funds […]

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JP Morgan Broker Barred In Theft Investigation

June 12, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Leona Lynn Parsons of Imperial Beach California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA personnel in an investigation into Parsons’ alleged unauthorized withdrawals from a […]

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FINRA Investigates Lombard Stockbroker For Conversion

May 31, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

John William Cutshall of Baltimore Maryland a stockbroker currently registered with Lombard Securities Incorporated is subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA recommended that a disciplinary action be brought against Cutshall for (1) converting a customer’s funds (2) failing to make required disclosures to Cutshall’s employing firms in reference to […]

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Pruco Stockbroker Barred By FINRA For Conversion

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

Vaughn Lee Andrews-McKay of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on consenting to findings that Andrews-McKay converted a customer’s funds. Letter of Acceptance Waiver and Consent No. 2018058343001 (May 8, 2018). According to the […]

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Oppenheimer Sued By Customer For Theft

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

Gavin Thomas Natelli of Florham Park New Jersey stockbroker currently employed by Oppenheimer Co. Inc. has been named in a customer initiated investment related civil action on March 26, 2018 where the customer sought $238,468.99 in damages founded on accusations that the customer’s investment funds had been converted. Civil Action No. MRS-L-548-18 (Mar. 26, 2018). […]

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FINRA Bars Voya Stockbroker For Obstructing Investigation

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

James Edward Knee of Concord New Hampshire a stockbroker formerly registered with Voya Financial Advisors, Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of his misappropriation of customer funds. Letter of Acceptance, Waiver […]

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Signator Stockbroker Barred By FINRA

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

Brian Patrick Murphy of Yardley Pennsylvania a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to respond to a request from FINRA concerning Murphy’s business activities. Case No. 2016050677201 (Jan. 30, 2017). Murphy was […]

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FINRA Bars Rothschild Lieberman Broker For Conversion

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

James Luis Fonseca of Rothschild Lieberman LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s funds and then failed to cooperate with FINRA in an investigation into his activities. Letter of Acceptance Waiver and Consent No. 2015048041101 […]

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Securities America Stockbroker Terminated For Misappropriation

Hector Anthony May of New City New York a stockbroker formerly registered with Securities America Inc. has been terminated on March 9, 2018 based upon allegations that May misappropriated assets belonging to one of the firm’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure further confirms that on March 8, 2018, May became subject of […]

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OneAmerica Stockbroker Barred By FINRA For Conversion

Domingo Gonzalez of Chesapeake Virginia is a stockbroker formerly registered with OneAmerica Securities Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted a customer’s investment funds. Letter of Acceptance Waiver and Consent No. 2017056563301 (Apr. 9, 2018). According […]

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FINRA Bars LPL Stockbroker For Conversion

Laura Ortega Shean of Medford Oregon is a stockbroker formerly registered with LPL Financial LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she converted a customer’s funds. Letter of Acceptance Waiver and Consent, No. 2017056236901 (Apr. 3, 2018). According to […]

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JP Morgan Broker Barred By FINRA For Failure To Respond

April 05, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Samuel David Campos of Dallas Texas is a stockbroker formerly registered with J.P. Morgan Securities LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Campos neglected to respond to FINRA personnel’s request for Campos’ information. FINRA Case No. 2016050778401 (Aug. 25, 2016). […]

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FINRA Bars Wells Fargo Broker For Conversion

March 22, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

David Jeremy Welty of Norristown Pennsylvania is a former Wells Fargo Clearing Services LLC stockbroker who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted customer funds. Letter of Acceptance Waiver and Consent No. 2016052638401 (Jan. 19, 2017). According to […]

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Wells Fargo Stockbroker Fired For Cause

March 12, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Paul Mark Zoch of Fort Lauderdale Florida is a stockbroker formerly registered with Wells Fargo Advisors who was fired on August 29 2017 based upon allegations that Zoch engaged in improper activities affecting a customer account relationship which ultimately caused the firm to no longer maintain confidence in Zoch’s abilities to comply with the firm’s […]

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FINRA Charges Wells Fargo Broker With Obstruction

March 11, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Dallas York of Scottsdale Arizona is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that York failed to cooperate in a FINRA investigation into allegations of York’s “unauthorized withdrawals” from a customer’s account. Department of Enforcement […]

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Regulator Accuses LPL Stockbroker Of Misappropriation

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Laura Ortega Shean of Medford Oregon is a stockbroker formerly associated with LPL Financial LLC who is the subject of an Oregon Division of Financial Regulation Notice Order stating that sanctions have been sought against her by the Division based upon accusations that she misappropriated customer funds and effected transactions that were not authorized. Case […]

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Lincoln Financial Broker Barred By FINRA For Conversion

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jimmy Moscoso of Boca Raton Florida is a stockbroker formerly employed with Lincoln Financial Advisors Corporation who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted the funds of a customer. Letter of Acceptance Waiver and Consent No. 2018057246701 (Feb. […]

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Morgan Stanley Accused Of Unauthorized Trading

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Eugene Nathan Gordon of Palo Alto California is a stockbroker currently associated with Morgan Stanley who is the subject of a customer initiated investment related written complaint on October 27 2017 in which the customer sought one million nine hundred thirty-eight thousand one hundred eighty-eight dollars in damages based upon accusations that Gordon placed trades […]

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Merrill Lynch Fires Stockbroker For Alleged Theft

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Christopher Lee Hibbard of Louisville Kentucky is a stockbroker formerly registered with Merrill Lynch Pierce Fenner and Smith Incorporated who has been fired on January 8 2018 supported by accusations that Hibbard engaged in conduct pertaining to the theft of funds and executed unauthorized transactions regarding money market and variable annuities. Financial Industry Regulatory Authority […]

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AXA Advisors Sued By Customer For Misappropriation

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Joel D. Kettler of Woodland Hills California is a stockbroker formerly registered with AXA Advisors LLC who is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California which settled for three hundred seventy-five thousand dollars in damages founded on accusations that the customer’s banking […]

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FINRA Bars Wells Fargo Stockbroker For Conversion

March 07, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jeffrey Howard Palish of Paramus New Jersey is a stockbroker formerly registered with Wells Fargo Clearing Services who has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted funds from a customer of the firm. Letter of Acceptance Waiver and […]

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FINRA Bars IFS Stockbroker For Fraudulent Omissions

February 20, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Francis Joseph Gendlek of East Brunswick New Jersey is a stockbroker formerly registered with IFS Securities who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made fraudulent omissions and misrepresentations relating to his private securities transactions. Letter of Acceptance Waiver and […]

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Investors Capital Stockbroker Barred For Fraud

January 26, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Patricia S. Miller, of McMurray, Pennsylvania, a stockbroker formerly employed with Investors Capital Corp., has been barred from associating with an investment advisory or brokerage firm in any capacity according to a Securities and Exchange Commission (SEC) Order containing findings that Miller committed securities fraud. In the Matter of Patricia S. Miller, Administrative Proceeding File […]

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Wells Fargo Stockbroker Barred For Conversion

January 26, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jeffrey E. Krupnick, of Sarasota, Florida, a stockbroker formerly employed with Wells Fargo, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Krupnick converted a customer’s funds. Department of Enforcement v. Jeffrey E. Krupnick, Disciplinary Proceeding No. 2014043869901 […]

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SEC Bars Oppenheimer Broker For Fraud

January 10, 2018  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

William D. Bucci of King of Prussia, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been barred from the securities industry by the Securities and Exchange Commission (SEC) according to an Initial Decision Making Findings and Imposing Sanction by Default containing findings that Bucci, inter alia, had been convicted of securities fraud in violation […]

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NYLife Broker Suspended For Obstructing Investigation

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

Tyrone Pang of San Jose, California, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into accusations of his improper customer account transactions. Letter of Acceptance, Waiver and […]

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Newport Coast Stockbroker Barred For Conversion

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

David Oscar Braeger, of New York, New York, a stockbroker registered with Newport Coast Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Office of Hearing Officers Extended Hearing Panel Decision containing findings that he made misrepresentations to customers concerning the status and value […]

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FINRA Bars Allstate Stockbroker For Obstruction

David Lee Reynolds, of Modesto, California, a stockbroker formerly employed with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in an investigation into allegations that he misappropriated customer funds. Letter of Acceptance, Waiver and Consent, […]

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Corecap Investments Stockbroker Barred By FINRA

November 21, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Ernest Julius Romer III, of Sterling Heights, Michigan, a stockbroker formerly registered with Corecap Investments, has now been charged by the United States Securities & Exchange Commission with the theft of approximately $2.7 million from his customers.  In the Matter of ERNEST J. ROMER, III, ADMINISTRATIVE PROCEEDING File No. 3-19006 (Feb. 22, 2019) According to […]

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FINRA Bars Hornor Townsend Broker For Stealing

November 01, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Sam Peter Paolini, of New York, New York, a stockbroker formerly registered with Hornor, Townsend, & Kent, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he converted a prospective customer’s funds. Letter of Acceptance, Waiver and Consent, No. 2017055696501 (Oct. 13, […]

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New Jersey Revokes Marlton Stockbroker’s Registration

November 01, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Theft   |   0 Comments

Leonard V. Fox, Jr., of Marlton, New Jersey, a stockbroker formerly associated with FSC Securities Corporation, is the subject of a Summary Revocation Order issued by the State of New Jersey Bureau of Securities, which has revoked Fox’s investment advisor representative registration and securities agent registration supported by findings that he was expelled by Financial […]

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SII Investments Stockbroker Charged With Fraud

September 22, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Scott Newsholme, of Farmingdale, New Jersey, a stockbroker formerly registered with SII Investments, Inc. who also worked as a tax preparer and investment adviser for MVP Financial LLC, was charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that Newsholme, inter alia, misappropriated funds from investment advisory customers and made misrepresentations to […]

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HSBC Stockbroker Barred For Stealing From Blind

September 15, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jaime R. Rodriguez, of Bronx, New York, a stockbroker formerly registered with HSBC Securities (USA) Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he stole $200,000.00 from a blind and elderly investor. Letter of Acceptance, Waiver and Consent, No. 2016051772601 […]

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Investment Center Broker Alleged To Have Stolen Millions From Elderly

September 01, 2017  |   Posted by :   |   Ponzi Scheme, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Leon Vaccarelli, a registered representative associated with The Investment Center, Inc. was charged by the United States Securities & Exchange Commission with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 21F-17(a). According to the Complaint, Vaccarelli, doing business as Lux […]

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LPL Financial Stockbroker Comarco Assets Frozen By SEC

August 25, 2017  |   Posted by :   |   Stockbroker Theft   |   0 Comments

On August 23, 2017, the United States Securities and Exchange Commission obtained an emergency court order against Sonya D. Camarco prevening her from further dissipating stolen client assets of approximately $2.3 million from almost a dozen of her brokerage customers. Sonya D. Camarco was associated with LPL Financial in Colorado Springs, Colorado from February 2004 […]

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Regulator Bars Edward Jones Stockbroker

August 15, 2017  |   Posted by :   |   Stockbroker Theft   |   0 Comments

James Vincent Marino, of Pompano Beach, Florida, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA investigation into allegations that Marino inappropriately utilized a customer’s funds. Letter of Acceptance, […]

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SEC Bars Skypeck Stockbroker For Theft

August 02, 2017  |   Posted by :   |   Stockbroker Theft   |   0 Comments

Thomas Edward Skypeck, of Saco, Maine, a stockbroker formerly registered with Broker International Financial Services, was permanently barred from associating with any broker or adviser or becoming a broker or adviser to the public regarding investments pursuant to a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 […]

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Regulator Bars Blackwall Capital Markets Stockbroker

August 02, 2017  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   0 Comments

Paul Eric Taboada, of New York, New York, a stockbroker formerly registered with Blackwall Capital Markets, Inc., is the subject of a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirmed Extended Hearing Panel sanctions imposed upon Taboada consisting, in part, of a permanent bar from associating with any FINRA member for misleading […]

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JP Morgan Stockbroker Charged With Conversion

July 29, 2017  |   Posted by :   |   Stockbroker Theft   |   0 Comments

Vladimir Tingue, of Manhattan, New York, a stockbroker formerly registered with J.P. Morgan LLC, has become the subject of a Financial Industry Regulatory Authority (FINRA) Complaint alleging that Tingue converted a customer’s funds. Department of Enforcement v. Vladimir Tingue, No. 2015045951303 (July 12, 2017). According to the Complaint, Tingue had access to a customer’s banking […]

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VSR Financial Services Named In Theft Claim

July 29, 2017  |   Posted by :   |   Selling Away, Stockbroker Theft   |   0 Comments

Paul Cragg Larsen, of Naples, Florida, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim on June 3, 2016, in which the customer requested $4,000,000.00 in damages based upon allegations that Larsen converted the customer’s monies that were intended for investments in real estate […]

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Customer Sues Ameriprise Financial Services For Theft

July 29, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Susan Elizabeth Walker, of Wayzata, Minnesota, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been identified in a customer initiated investment related written complaint on May 3, 2017, in which the customer requested $19,008.93 in damages based upon allegations that Walker walked off with the customer’s funds. Financial Industry Regulatory Authority (FINRA) Public […]

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Capital One Fires Stockbroker For Allegedly Stealing

July 29, 2017  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   0 Comments

Arturo Diego Montenora, of Jersey City, New Jersey, a financial advisor formerly registered with Capital One Investing, LLC, was terminated from employment on May 3, 2017, based upon the firm’s allegations that an elderly customer’s monies were potentially misappropriated. The firm apparently detected an account transfer involving funds of the customer into the financial advisor’s […]

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Merrill Lynch Stockbroker Sanctioned For Fraud

July 05, 2017  |   Posted by :   |   Bond Fraud, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jesse Joseph Holovacko, of South Amboy, New Jersey, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been sanctioned by the State of New Jersey Bureau of Securities via a $75,000.00 fine accompanied by the revocation of his securities registration pursuant to a Summary Revocation and Penalty Order containing findings that […]

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National Securities Stockbroker Charged With Theft

Kyle P. Harrington, of San Diego, California, a stockbroker formerly registered with National Securities Corporation, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that he converted a customer’s funds, sold away from his firm, and falsified documentation to FINRA in regard to his activities. Department of Enforcement […]

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NYLife Securities Broker Fired For Misappropriation

Lawrence James Rizer, of Columbiana, Ohio, a stockbroker formerly registered with NYLife Securities, LLC, has been terminated from employment on April 6, 2017, based upon allegations that he misappropriated funds belonging to the National Association of Insurance and Financial Advisors. Rizer purportedly took the funds for personal gain during the time he was the local […]

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LPL Financial Stockbroker Going to Prison

Robert Neil Tricarico, of Westport, Connecticut, a stockbroker formerly registered with LPL Financial, LLC, has been permanently barred by the Securities and Exchange Commission (SEC) from working as an investment adviser or stockbroker, or associating with any investment adviser or brokerage firm according to an Order Instituting Administrative Proceedings pursuant to Securities Exchange Act of […]

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JP Morgan Securities Stockbroker Barred In Theft Investigation

May 30, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Michael A. Mahabir, of Monrovia, California, a stockbroker formerly registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he converted customer funds. Letter of Acceptance, […]

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Mid Atlantic Capital Stockbroker Barred In Obstructing Investigation

David Wesley Wells, of Hanover, Pennsylvania, a stockbroker currently registered with Mid Atlantic Capital Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations against him of misappropriation. Letter of Acceptance, Waiver […]

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Summit Brokerage Customer Complains About Love

May 25, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Kim Kerry Love, of Boca Raton, Florida, a stockbroker currently registered with Summit Brokerage Services, Inc., has been named in a customer initiated investment related written complaint on April 4, 2017, in which the customer requested $499,000.00 in damages based upon allegations that Love effected the “unauthorized transfer” of assets from the customer’s trust account. […]

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Wilmington Capital Stockbroker Barred In Investigation

May 25, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Eugene A. Riggio, of Hawthorne, New York, a stockbroker formerly registered with Wilmington Capital Securities, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that Riggio obstructed a FINRA investigation into allegations that he misappropriated funds. Letter of Acceptance, Waiver and Consent, No. […]

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Wells Fargo Stockbroker Barred In Investigation

May 25, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Scott Sherwin Polish, of Mentor, Ohio, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations that Polish converted customer funds. Letter of Acceptance, Waiver and Consent, […]

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UBS Financial Services Stockbroker Barred In Investigation

May 18, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Ronald D. Broadstone, of New Albany, Ohio, a stockbroker formerly registered with UBS Financial Services, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with a FINRA investigation request concerning allegations of Broadstone misappropriating customer funds. Letter […]

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Merrill Lynch Stockbroker Suspended By Regulator

May 18, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jeffrey Timothy Kluge, of Saint Paul, Minnesota, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA staff with information concerning his activities. Letter No. 2016052377201 (Apr. 10, […]

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JP Morgan Securities Stockbroker Barred In Investigation

May 05, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Angelina Ozlem Todurge, of Palm Beach, Florida, a stockbroker formerly registered with J.P. Morgan Securities LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she obstructed a FINRA investigation into allegations that she converted funds. Letter of Acceptance, Waiver and […]

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Customer Arbitration Filed Against Wells Fargo Advisors For Misappropriation

David Jay Homan, of Bay City, Michigan, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim, which settled on April 6, 2016, for $206,500.00 in damages based upon allegations that Homan misappropriated funds during the period in which he was trustee of the customer’s […]

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Waddell Reed Stockbroker Barred By Regulator

May 05, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Raul Enrique Jacobs, of Orland Park, Illinois, a stockbroker formerly registered with Waddell & Reed, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after failing to provide FINRA with information concerning his activities. Letter No. 2016050202901 (Feb. 14, 2017). FINRA later sanctioned Jacobs for failing to […]

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Concorde Investment Services Stockbroker Suspended In Investigation

April 25, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Richard G. Cody, of Spring Lake, New Jersey, a stockbroker formerly registered Concorde Investment Services, LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that he obstructed a FINRA investigation into allegations of his business activities which occurred while his FINRA securities registration was suspended. Department of Enforcement […]

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More Raymond James Financial Services Customer Complaints

Scott Kevin Erickson, of Athens, Georgia, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been named in a customer initiated investment related written complaint on March 24, 2017, in which the customer requested $8,000.00 in damages based upon allegations that Erickson, in his capacity as the customer’s financial advisor, effected unauthorized mutual […]

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Woodstock Financial Group Stockbroker Suspended

April 11, 2017  |   Posted by :   |   Boilerroom, Stockbroker Theft   |   0 Comments

Olori Dennis Hamilton, of New York, New York, a stockbroker formerly registered with Woodstock Financial Group, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hamilton did not provide FINRA personnel with information concerning his compliance with a settlement or arbitration award pertaining […]

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Wells Fargo Advisors Stockbroker Barred By SEC

March 21, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Ane S. Plate, of Orlando, Florida, was barred by the Securities and Exchange (SEC) Commission from working as an investment advisor or broker, or associating with firms selling securities or providing investment advice based upon an Order Instituting Administrative Proceedings containing findings that Plate pled guilty to embezzlement, theft, or misapplication in violation of 18 […]

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Morgan Stanley Stockbroker Steals $7 Million From Customers

Barry F. Connell, of Chester, New Jersey, an investment adviser representative and stockbroker formerly registered with Morgan Stanley, has been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that he misappropriated firm customers’ funds. Securities and Exchange Commission v. Barry F. Connell, No. 1:17-cv-00831 (S.D.N.Y. filed Feb. 3, 2017). According to […]

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GLS Stockbroker Barred For Fraud

March 08, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Keith Michael Rogers, of Hamilton, Alabama, a stockbroker formerly registered with G.L.S. & Associates, Inc., has been permanently barred by the Securities and Exchange Commission (SEC) from working as an investment adviser or broker, or otherwise associating with any firm which provides investment advice or sells securities to the public, according to an Order Instituting […]

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US Bancorp Investments Stockbroker Barred

March 07, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Shannon Kathleen Daniels, of Bloomfield, Missouri, a stockbroker formerly registered with U.S. Bancorp Investments, Inc., has been has permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she did not provide a response to FINRA’s information request. Letter No. 2016050764201 (Nov. 18, 2016). […]

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Edward Jones Stockbroker Charged With Stealing

March 07, 2017  |   Posted by :   |   Elder Abuse, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Austin Wayne Morton of Sallisaw, Oklahoma, a stockbroker formerly registered with Edward Jones, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint which alleged that Morton converted a senior customer’s funds. Department of Enforcement v. Austin Wayne Morton, No. 2016052347901 (Feb. 24, 2017). According to the Complaint, in September of 2016, $20,000.00 […]

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LPL Financial Sued for Stockbroker Theft

March 07, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Joshua Daniel Mosshart, of Westlake Village, California, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on February 2, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Mosshart solicited the customer to invest in products were not approved by LPL […]

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Thrivent Investment Management Stockbroker Barred

March 07, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jean Ann Walsh-Josephson, of Oshkosh, Wisconsin, a stockbroker formerly registered with Thrivent Investment Management Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to provide a response to FINRA’s information request. Letter No. 2015046529801 (Jan. 26, 2016). FINRA […]

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Thrivent Investment Mangagement Stockbroker Barred For Stealing

February 27, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Eugene D. Anderson, of Apache Junction, Arizona, a stockbroker formerly registered with Thrivent Investment Management, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that Anderson converted customer funds. Letter of Acceptance, Waiver […]

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BBVA Securities Stockbroker Barred In Investigation

February 27, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Eric S. Darty, of Birmingham, Alabama, a stockbroker formerly registered with BBVA Securities Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed an investigation into allegations that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. […]

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Ameriprise Financial Services Sued By Customer

February 27, 2017  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jeffrey Scott Davis, of Virginia Beach, Virginia, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related written complaint on January 4, 2017, in which the customer requested $20,415.28 in damages based upon allegations that Davis omitted information concerning the fees and surrender penalties on two variable […]

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Westminster Financial Services Named Stockbroker Theft Complaint

February 27, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Richard Grant Cody, of Spring Lake, New Jersey, a stockbroker formerly registered with Westminster Financial Securities, Inc., has been named in a customer initiated investment related written complaint on January 18, 2017, based upon allegations that Cody misappropriated funds belonging to the customer in connection with over-the-counter equity transactions. Financial Industry Regulatory Authority (FINRA) Public […]

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Westminster Financial Services Sued by Customer for Theft

Jill M. Cody, of Spring Lake, New Jersey, a stockbroker formerly registered with Westminster Financial Securities, Inc., has been named in a customer initiated investment related written complaint on January 18, 2017, based upon allegations that Cody misappropriated the customer’s funds. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Cody has been identified in […]

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Alluvion Chief Executive Officer Barred In Investigation

February 14, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

John Sherman Jumper, of Memphis, Tennessee, a former chief executive officer, chief compliance officer, and chief financial officer of Alluvion Securities, LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that Jumper misappropriated […]

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Comprehensive Wealth Management Sued by Customer For Suitability

Gary Marlin Arford, of Lynwood, Washington, a stockbroker formerly registered with Comprehensive Wealth Management, LLC, was named in a customer initiated investment related arbitration claim on September 12, 2016, wherein the customer requested $140,760.00 in damages based upon allegations that Arford made unsuitable investment recommendations and effected unsuitable transactions in the customer’s account pertaining to […]

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Stifel Nicolaus & Company Sued For Stockbroker Theft

February 13, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Jon Brett Schmidhammer, of Dublin, Ohio, a stockbroker formerly registered with Stifel, Nicolaus & Company, Incorporated, has been named in a customer initiated investment related arbitration claim on October 14, 2016, in which the customer requested $500,000.00 in damages based upon allegations that Schmidhammer converted the customer’s funds, breached his fiduciary and contractual duties to […]

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Moorestown Stockbroker Arrested For Theft

January 19, 2017  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Brian Patrick Murphy a registered representative associated with Signator Investors from July 2015 through July 2016, and with MetLife Securities, Inc. from December 2006 through December 2014, conducting business under the name “Murphy Financial Advisors” in Moorestown, New Jersey, was arrested January 13, 2017 and was charged with stealing $890,000 from a customer thought he […]

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