Tag Archives: Cetera Advisor Networks LLC

Investors Capital Corp Sued By Investors For REIT Misconduct

Donnie Eugene Ingram of Winter Haven Florida a stockbroker associated with Cetera Advisors LLC and Investors Capital Corp. is referenced in a customer initiated investment related arbitration claim which was resolved for $23,000.00 in damages founded on accusations that Ingram executed unsuitable corporate debt and real estate investment trust trades in the customer’s account. Financial […]

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Regulators Sanctions Cetera Stockbroker For Selling Away

Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC is referenced in a Colorado Division of Securities Stipulation and Consent Order which revoked Balser’s sales representative licensure and investment adviser license based upon the Division’s findings that Balser sold investments to customers away from Cetera Advisors LLC. Case No. […]

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FINRA Bars Cetera Broker In Investigation

Kenneth Joseph Kolquist of Duluth Minnesota a stockbroker formerly employed by Cetera Advisor Networks LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Kolquist failed to provide FINRA with information that was requested of him. Case No. 2015047359901 (Aug. 1, 2016). According to […]

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Cetera Accused By Investor Of Annuity Misconduct

January 28, 2019  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News, Suitability   |   0 Comments

David Lane Gabay of Tarrytown New York a stockbroker currently employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on September 12, 2018 in which the customer sought $52,500.00 in damages based upon accusations that Gabay was placed into a variable annuity that was not suitable for the customer […]

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Cetera Sanctioned For Failure To Supervise

Cetera Advisor Networks LLC a brokerage firm headquartered in El Segundo California has been censured and fined $700,000.00 founded on allegations that the firm neglected to supervise a registered representative who made unsuitable trades and mutual fund switches in customer accounts. Letter of Acceptance Waiver and Consent No. 2014040951702 (Dec. 19, 2018). According to the […]

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Cetera Sued By Investor For Annuity Fraud

Ira Gary Chernick of Woodbury New York a stockbroker currently employed by Cetera Advisors Networks LLC a is the subject of a customer initiated investment related complaint that was settled on December 8, 2017 to resolve allegations that Chernick placed the customer in an inappropriate variable annuity product and made misrepresentations about the product. Financial […]

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Questar Blamed Sued For Bad Investment Advice

September 28, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Jerry P. Michna of Louisville Ohio a stockbroker formerly employed by Questar Capital Corporation is the subject of a customer initiated investment related written complaint on July 23, 2018 where the customer requested $250,000.00 in damages based upon accusations that energy-sector equity purchases were executed in the customer’s account that were not suitable for the […]

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Investors Accuse Cetera of Fraud And Misrepresentation

Mark Angelo Senofonte of Edison New Jersey a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related written complaint on June 12, 2018 where the customer requested $12,500.00 in damages supported by allegations that (1) unsuitable real estate security transactions were executed int the customer’s account (2) […]

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Customer Sues Cetera Advisors For Breach Of Contract

Steven Franklin Brandt of Alexandria Virginia a stockbroker formerly registered with Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages supported by allegations of (1) breach of contract (2) the customer having been placed in direct participation program or limited partnership interests that […]

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Cetera Sued By Customer For Misrepresentation

John Edward Massa of Staten Island New York a stockbroker currently registered with Cetera Investment Services LLC is the subject of a customer initiated investment related civil action in which the customer sought $22,562.01 in damages based upon accusations that misrepresentations had been made to the customer in reference to the terms and conditions of […]

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Cetera Broker Fired For Outside Business Activities

Gordon Tong Quan of Pasadena California a stockbroker formerly employed by Cetera Advisor Networks LLC has been discharged by the firm on May 15, 2018 founded on allegations that Quan engaged in outside business activities and unapproved customer loan arrangements; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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Cetera Advisors Accused Of Private Placement Fraud

Omar K. Henry of New York New York a stockbroker formerly employed by Cetera Advisors LLC is referenced in a customer initiated investment related written complaint on April 9, 2018 in which the customer sought $451,844.09 in damages based upon accusations that direct participation program transactions were placed in the customer’s account that were not […]

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Cetera Broker Sanctioned For Excessive Complaints

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

Jaret Clinton Mutter of Roanoke Virginia a stockbroker currently employed by Cetera Advisor Networks LLC is the subject of a Special Supervision Order imposed by the Virginia State Corporation Commission based upon accusations of Mutter having been subject of several customer disputes. Case No. SEC-2018-00009 (Apr. 4, 2018). Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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FINRA Bars Cetera Stockbroker In Investigation

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

Truitt Scott Ficklin of Muncie Indiana a stockbroker formerly employed by Cetera Investment 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 provide FINRA with a response to the regulator’s request for Ficklin’s information. Case No. 2017055548901 […]

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Cetera Advisors Stockbroker Barred For Securities Fraud

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

Clark Smith Gardner of Orem Utah a stockbroker formerly employed by Cetera Advisors LLC has been barred by Securities and Exchange Commission (SEC) from associating with any brokerage firm or investment advisory according to an Order Instituting Administrative Proceedings in which Gardner consented to findings that he committed securities fraud. In the Matter of Clark […]

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Customer Sues Cetera Advisors For Negligence

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

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

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FINRA Fines Cetera Broker For Unauthorized Transactions

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

Choosri Lao of Tinley Park Illinois is a stockbroker formerly registered with Cetera Advisor Networks LLC who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Choosri made investment recommendations and facilitated customers’ alternative investment transactions despite […]

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Regulator Orders Cetera Broker To Pay Civil Penalty

March 07, 2018  |   Posted by :   |   Failure To Supervise, Stockbroker Fraud News   |   0 Comments

George Craig Merhoff Jr. of Klamath Falls Oregon is a stockbroker currently associated with Cetera Advisors LLC who has been ordered by the Division of Financial Regulation of the Oregon Department of Consumer and Business Services to pay a thirty-five thousand dollar civil penalty and cease and desist committing violations of Oregon Securities Law based […]

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FINRA Suspends Cetera Broker For Unauthorized Trading

Richard Philip Hohol of Roselle Illinois is a stockbroker formerly registered with Cetera Advisors Networks LLC who has been fined five thousand dollars and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he enabled one of the firm’s former registered representatives […]

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LPL Stockbroker Charged With Falsifying Documents

February 20, 2018  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

Brent Van Lott of Orem Utah is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Lott falsified documents relating to customers’ securities transactions. Department of Enforcement v. Brent Lott Disciplinary Proceeding No. 2013038124102 (Jan. 25 2018). According to the Complaint, […]

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Independent Financial Group Accused Of Suitability

February 20, 2018  |   Posted by :   |   Inverse Leveraged ETF Funds, Stockbroker Fraud News   |   0 Comments

Lyle J. Boudreaux of Houston Texas is a stockbroker currently registered with Independent Financial Group LLC who is subject of a customer initiated investment related written complaint on October 27 2017 in which the customer sought two hundred ten thousand dollars in damages founded on accusations that unsuitable leveraged exchange traded fund transactions were effected […]

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FINRA Suspends Cetera Stockbroker For Suitability

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

Richard Charles Foster, of Tulsa Oklahoma, a stockbroker formerly registered with Cetera Investment Services, LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, […]

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SEC Charges Cetera Stockbroker With Fraud

Daniel Benjamin Vazquez, Senior, of Irvine, California, a stockbroker formerly employed with Cetera Advisors LLC, and founder and chief executive officer of Hoplon Financial Group and New Economic Opportunities Fund I, LLC, has been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that he engaged in a fraudulent real estate offering. […]

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Regulator Sanctions Cetera Broker For Misrepresentation

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

Susan Lavon Welo of Mayville, North Dakota, a stockbroker formerly registered with Cetera Advisor Networks LLC, is subject of a Cease and Desist Order issued by the North Dakota Securities Department based upon findings that Welo sold insurance and securities to the public while not registered with a broker-dealer; advised the public while not registered […]

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Customer Sues Cetera Advisors For Securities Fraud

November 07, 2017  |   Posted by :   |   FINRA Securities Arbitration   |   0 Comments

Abraham Heimann, of Alpharetta, Georgia, a stockbroker formerly registered with Cetera Advisors LLC, has been identified in a customer initiated investment related arbitration claim, where the customer sought $364,000.00 in damages based upon allegations of unauthorized trading, misrepresentation, breach of contract, breach of fiduciary duty, and fraud in regard to energy sector investments, including oil […]

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Investors Capital Corp Sued By Customer For Suitability

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

James A. Franklin, of Dallas, Texas, a stockbroker formerly registered with Investors Capital Corp., is the subject of a customer initiated investment related complaint on March 15, 2017, in which the customer requested $50,000.00 in damages founded upon accusations that in March of 2015, Franklin placed real estate security transactions in the customer’s account that […]

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Commonwealth Financial Broker Fined For Unauthorized Loans

October 03, 2017  |   Posted by :   |   Customer Loans   |   0 Comments

Brant Andrew Ray, of Southhaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, 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 effected an unapproved loan transaction and lied about it when questioned by his firm and […]

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Customer Sues Cetera Advisors For Failure To Supervise

September 22, 2017  |   Posted by :   |   Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Bernard Andre Breton, of Denver, Colorado, a stockbroker formerly registered with Cetera Advisors LLC, is the subject of a customer initiated investment related arbitration claim filed on January 19, 2016, for $876,195.00 in damages based on allegations that Breton failed to supervise the equity trades effected another Cetera stockbroker Abraham Heimann. Breton was terminated by […]

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Brokerage Firms Censured For Overcharging Investors

August 26, 2017  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Summit Brokerage Services, Girard Securities, Inc., First Allied Securities, Inc., and Cetera Financial Specialists, were censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firms deprived their respective customers with discounts on mutual funds transactions and failed to supervise procedures to ensure that waivers of sales charges were applied for […]

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Raymond James Fires Real McCoy

July 29, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Donald Newton McCoy, of Saint Louis, Missouri, a stockbroker registered with Raymond James & Associates, Inc., has been fired from the company on August 12, 2016, based upon allegations that he engaged in outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that McCoy was also terminated from a prior employer, Merrill Lynch, […]

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Allegis Investment Advisors Stockbroker Charged With Fraud

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

Peter Gerhard Klaass, of Idaho Falls, Idaho, a stockbroker formerly registered with Allegis Investment Advisors, LLC, has been charged in a Complaint by the Securities Commissioner for the State of Colorado, seeking the revocation of Klaass’ securities registration based upon allegations that Klaass facilitated options transactions that customers that were, inter alia, unsuitable based upon […]

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Cetera Advisor Networks Stockbroker Barred In Investigation

July 28, 2017  |   Posted by :   |   Stockbroker Fraud News, Suitability   |   0 Comments

Mark Charles Koehler, of Chadds Ford, Pennsylvania, a stockbroker formerly registered with Cetera Advisor Networks LLC, 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 that he effected unsuitable investment transactions in customer accounts. Letter […]

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Cetera Advisors Customer Arbitration Alleges Negligence

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

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

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Cetera Advisors Stockbroker Sanctioned For Unit Investment Trusts

Christopher Robert Hickman, of Delray Beach, Florida, a stockbroker formerly registered with Cetera Advisors LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unsuitable unit investment trust trades in customer accounts. Letter of Acceptance, Waiver and […]

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Cetera Advisor Networks Censured For Failure To Supervise

Cetera Advisor Networks LLC, a brokerage firm headquartered in El Segundo, California, has been censured by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm charged customers with excessive fees in reference to mutual fund transactions, and inadequately supervised its business operations to make sure customers were not overcharged. Letter of […]

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Commonwealth Financial Network Stockbroker Charged By Regulators

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

Brant Andrew Ray, of Southaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ray engaged in an unauthorized borrowing arrangement with a customer of the firm. Department of Enforcement v. Brant Andrew Ray, No. 2015047096601 (May 1, […]

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FINRA Securities Arbitration Filed Against Cetera Advisor Network

April 25, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Daniel James Lauletta, of Valley View, Ohio, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been named in a customer initiated investment related civil action on February 18, 2015, in which the customer requested $455,000.00 in damages based upon allegations that Lauletta breached his contractual duties to the customer, and engaged in negligent […]

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Cetera Advisor Networks Sued By Customer

Susan Lavon Welo, of Mayville, North Dakota, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been named in a customer initiated investment related written complaint on February 24, 2017, in which the customer requested $45,000.00 in damages based upon allegations that Welo failed to abide by the customer’s instructions to invest in short […]

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Cetera Advisor Networks Annuity Complaints

April 11, 2017  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

Matthew Park Best, of Shippenville, Pennsylvania, a stockbroker currently registered with Ameriprise Financial Services, Inc., has been named in a customer initiated investment related written complaint on February 16, 2017, in which the customer requested $32,546.00 in damages based upon allegations that Best made faulty assurances to the customer concerning payments that the customer would […]

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Cetera Investment Services Sued For Misrepresentation

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

Joseph Hsioh-Tsuei Lee, of Irvine, California, a stockbroker formerly registered with Cetera Investment Services LLC, has been named in a customer initiated investment related written complaint on February 8, 2017, in which the customer requested $40,000.00 in damages based upon allegations that Lee made misrepresentations and omissions to the customer regarding the fees pertaining to […]

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Investors Capital Corp Sued by Customer For Unsuitability

April 10, 2017  |   Posted by :   |   Non-traded REITs, Stockbroker Fraud News, Suitability   |   0 Comments

Nina Sue Jessee, of Abingdon, Virginia, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration claim on February 3, 2017, based upon allegations that Jessee effected unsuitable transactions in the customer’s account regarding investments in real estate, insurance, and equipment leasing products. Financial Industry Regulatory Authority […]

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Cetera Advisors Named In FINRA Securities Arbitration Alleging Unsuitability

Daniel George McPherson, of Idaho Falls, Idaho, a stockbroker currently registered with Cetera Advisors LLC, has been named in a customer initiated investment related written complaint on March 7, 2016, in which the customer requested $40,151.00 in damages based upon allegations that McPherson effected unsuitable fixed annuity transactions in the customer’s account. Financial Industry Regulatory […]

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Cetera Advisors Named In Securities Fraud Arbitration Claim

February 01, 2017  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

James Christopher Hayne, a stockbroker formerly registered with Cetera Advisors LLC, has been named in a customer initiated investment related arbitration claim on December 13, 2016, in which the customer requested $500,000.00 in damages based upon allegations that Hayne Hayne breached his fiduciary duties, effected stock trades on an excessive basis, failed to diversify the […]

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Cetera Advisors FINRA Securities Arbitration Alleging Fraud

George Craig Merhoff Jr., a stockbroker currently registered with Cetera Advisors LLC, has been named in a customer initiated investment related arbitration claim on July 14, 2016, which is based upon allegations that Merhoff committed violations of securities laws in the State of Oregon, breached his fiduciary and contractual duties to the customer, effected unsuitable […]

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Cetera Advisors’ Tagge Tagged In FINRA Securities Arbitration

January 26, 2017  |   Posted by :   |   Promissory Notes, Stockbroker Fraud News   |   0 Comments

Gerald Tagge, of Omaha, Nebraska, a stockbroker currently registered with Cetera Advisors LLC, has been named or tagged in a customer initiated investment related written complaint on September 30, 2015, in which the customer requested $125,000.00 in damages based upon allegations that Tagge solicited and ultimately accepted promissory notes from the customer outside the auspices […]

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Cetera Advisors Stockbroker Barred In Investigation

January 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kenneth Alan Balser, of Colorado Springs, Colorado, a stockbroker formerly registered with Cetera Advisors, has been permanently 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 of Balser’s participation in private securities transactions or […]

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First Allied Securities Fined For Failure To Supervise Structured Products Sales

First Allied Securities, Inc., a broker-dealer headquartered in San Diego, California, was censured and fined $950,000.00 by Financial Industry Regulatory Authority (FINRA) after the firm consented to findings of misconduct that included, inter alia, the firm’s failure to appropriately supervise the sales of structured products. Letter of Acceptance, Waiver and Consent, No. 2015045234401 (Nov. 2, […]

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Cetera Firms Fined For Failure To Supervise Variable Annuity Sales

The Cetera Firms, which include Cetera Advisor Networks LLC, (headquartered in El Segundo, California), Cetera Financial Specialists LLC (headquartered in Schaumburg, Illinois), First Allied Securities, Inc. (headquartered in San Diego, California), Summit Brokerage Services, Inc. (headquartered in Boca Raton, Florida), and VSR Financial Services, Inc. (headquartered in Overland Park, Kansas), were censured and fined by […]

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Further Lane Securities Charged With Excessive Markups

Further Lane Securities, L.P., stockbroker James Gabriel Collard, and Chief Executive Officer Joseph Michal Araiz, all of Boerne, Texas, were named in a Complaint containing allegations of excessive markups pertaining to corporate bond transactions and related supervisory failures. Department of Enforcement v. Collard et al., No. 20120342425-01-01- (Mar. 11, 2016). Further. according to the Complaint, […]

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NFP Financial Broker Suspended For Outside Business Activities

February 24, 2016  |   Posted by :   |   Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Karen Hajek, of Saint Petersburg, Florida, a stockbroker with Cetera Financial Specialists, LLC, was recently fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after Hajek consented to findings that she engaged in multiple undisclosed outside business activities. Letter of Acceptance, Waiver and Consent, […]

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Another Cetera Financial Stockbroker Suspended for Selling Away

Michael William Hajeck III of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $35,000 and suspended for eighteen months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and […]

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Cetera Financial Stockbroker Suspended for Selling Away

February 12, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jason Daniel Sayles of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $15,000 and suspended for ten months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and private […]

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Cetera Advisors Individual Barred In Investigation

January 05, 2016  |   Posted by :   |   Bank robbery, Stockbroker Fraud News   |   0 Comments

Ellen Tracy King, a Stockbroker with Cetera Advisors LLC was barred from associating with association with any Financial Industry Regulatory AuthoritLLCy (FINRA) member in any capacity after consenting to findings that she failed to respond fully to a request for information and documentation by FINRA staff investigating allegations that King robbed bank. Letter of Acceptance, Waiver […]

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Five Major Brokerage Fined for Failure to Supervise Mutual Fund Fraud

November 15, 2015  |   Posted by :   |   Mutual Fund Fraud, Stockbroker Fraud News   |   0 Comments

Ameritas Investment Corp., Cetera Advisors LLC, Comerica Securities, Inc., Fifth Third Securities, Inc., First Allied Securities, Inc., Park Avenue Securities, LLC, Securities America, Inc., Huntington Investment Company, Cetera Advisor Networks LLC, Commonwealth Financial Network, MetLife, and Infinex Investment, Inc., were all recently censured and fined by Financial Industry Regulatory Authority (FINRA) for failing to apply […]

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Cetera Financial Stockbroker Suspended for Outside Business Activities

John Thomas Oates, Jr., a Stockbroker with Cetera Financial Specialists LLC, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for six months and fined $10,000 after consenting to findings that Oates engaged in outside business activities in violation of his firm’s policies. Letter of Acceptance, Waiver, […]

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Cetera Financial Specialists Broker Barred In Misappropriation Investigation

Terri Lynn Anderson, a registered representative with Cetera Financial Specialists, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that Anderson had failed to provide information and documentation in connection with an investigation into allegations that Anderson played a part in misusing customer […]

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Cetera Financial Services Broker Barred for Stealing

Alex P. Anderson, a registered representative with Cetera Financial Services, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he misused at least $75,000 from one of his firm customer’s retail bank accounts for his own benefit. Letter of Acceptance, Waiver, and […]

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JHS Capital Advisors broker Barred for Obstructing Investigation

Mark Douglas Weindling, a former JHS Capital Advisors, LLC registered representative, was permanently barred from associating with any FINRA member in any capacity after consenting to FINRA findings that he failed to provide information and documents pursuant to a FINRA investigation into allegations of unauthorized transactions. FINRA Acceptance, Waiver, and Consent No. 2014041259001 (Apr. 22, […]

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J.P. Turner Fined and Censured For Failure to Supervise

J.P. Turner & Co, recently acquired by Cetera, has over 360 registered representatives and over 150 branch offices nationwide. J.P. Turner’s history with securities regulators is substantial. For example, in December 2013, J.P. Turner consented to a sanction consisting of a censure and restitution in the amount of almost $1 million for the failure to […]

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