Stockbroker Theft

Archive | Stockbroker Theft

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 been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide FINRA with a response to its request for information about Romer’s business activities. Case No. 2017053029101 […]

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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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LPL Financial Customer Sues Firm For Stealing

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

Edward Joseph Bosch Sr., of Florence, Kentucky, a former financial advisor with LPL Financial LLC, is the subject of a customer initiated investment related arbitration claim, which settled for $23,064.02 in damages on November 14, 2016, based upon allegations that he misappropriated funds from customers and furnished them with fake account statements to conceal his […]

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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 […]

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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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Aegis Capital Corp Stockbroker Barred For Conversion

February 11, 2017  |   Posted by :   |   Embezzlement, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Chaz Partosan, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp., 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 customer funds. Letter of Acceptance, Waiver and Consent, No. 2016052079401 (Jan. 25, 2017). According 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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