Tag Archives: First Allied Securities Inc.

FINRA Bars First Allied Stockbroker For Ignoring Inquiry

Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly […]

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First Allied Securities Broker Fined For Misleading Statements

November 23, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Michael Eugene Health of Ladera Ranch California a stockbroker formerly employed by First Allied Securities has been fined $12,500.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon Health consenting to findings that he used unwarranted investment performance summaries when consulting with […]

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Investors Sue First Allied Securities For Misrepresentation

November 23, 2018  |   Posted by :   |   Direct Participation Programs, Stockbroker Fraud News   |   0 Comments

William Danny Chancellor of Ridgeland Mississippi a stockbroker formerly employed by First Allied Securities, Inc. is referenced in a customer initiated investment related arbitration claim which settled for $20,000.00 in damages based upon allegations that (1) misrepresentations and omissions had been made to the customer concerning the risks and fees of direct participation program or […]

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First Allied Blamed By Investors For Bad Tax Advice

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

Mark William Chamberlain of Chesterton Indiana a stockbroker currently employed by First Allied Securities Inc. is the subject of a customer initiated investment related complaint in which the customer requested $94,000.00 in damages founded on allegations that the customer was not provided information about the tax liability pertaining to the activation of a rider that […]

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First Allied Investors Seek $1 Million

July 16, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Ronald Reed McCook of Scottsdale Arizona a stockbroker currently employed by First Allied Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,000,000.00 in damages based upon accusations including (1) fraud (2) failure to supervise (3) omissions and misrepresentation (4) breach of fiduciary duty (5) breach of […]

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First Allied Stockbroker Barred In FINRA Investigation

June 21, 2018  |   Posted by :   |   FINRA Securities Arbitration, Stockbroker Fraud News   |   0 Comments

Sean Aaron Brady of Saint Louis Missouri a stockbroker formerly employed by First Allied Securities 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 documents and information to FINRA in an investigation into allegations of his sales practice […]

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First Allied Discharges Broker For Unauthorized Trading

Kevin James Palmer of Scottsdale Arizona a stockbroker formerly registered with First Allied Securities Inc. has been discharged by the firm on February 6, 2018 founded on accusations that Palmer violated the firm’s policies by placing trades in two customer accounts on a discretionary basis without first procuring written authorization from the customer and First […]

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First Allied Accused By Customer Of Misrepresentation

William Michael Robertson of Deer Park Texas a stockbroker formerly registered with First Allied Securities Inc. and advisor with First Allied Advisory Services has been referenced in a customer initiated investment related written complaint on January 5, 2018 where the customer sought $22,000,000.00 in damages founded on allegations that (1) investment recommendations had been made […]

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First Allied Fires Broker For Falsifying Signatures

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

Sean Aaron Brady of Saint Louis Missouri is a stockbroker formerly registered with First Allied Securities Inc. who has been fired on October 20 2017 supported by allegations that Brady violated the firm’s policies relating to the falsification of signatures on customer account documentation and improper use of consolidated account statements. Financial Industry Regulatory Authority […]

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First Allied Terminates Stockbroker For Selling Away

November 20, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Gregory Alan Levine, of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities, Inc., was fired on June 21, 2017, based upon accusations that he sold away from the firm, and failed to notify First Allied that he was subject of a customer initiated investment related complaint in which he was accused of effecting […]

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First Allied Securities Broker Barred By Regulator

October 05, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

John Kaleihiehie Kai, of Hilo, Hawaii, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not provide FINRA staff with information about Kai’s business activities. Case No. 2017053680001 (September 12, 2017). Kai was previously suspended on July 3, 2017, but did not […]

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Capital Investment Group Sued For Fraud

September 22, 2017  |   Posted by :   |   Breach of Fiduciary Duty, Stockbroker Fraud News   |   0 Comments

Kelly Gene Richards, of Phoenix, Arizona, a stockbroker formerly registered with Capital Investment Group, Inc., has been named in a customer initiated investment related arbitration claim on June 27, 2016, in which customers collectively requested $650,000.00 in damages based upon allegations that Richards breached his fiduciary duties to the customers, negligently managed the customers’ investment […]

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First Allied Securities Stockbroker Fired For Misconduct

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

Virgil John Threlkeld, of Alamo, California, a stockbroker registered with First Allied Securities, Inc., has been terminated from employment on March 15, 2015, based upon allegations that he committed violations of First Allied Securities’ policies by mishandling customer account documentation, advising customers to sign blank documents, and reusing customers’ signatures on the firm’s forms. Financial […]

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Philadelphia Stockbroker Suspended For Unauthorized Trading

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

Larry Westly Farmbry, of Philadelphia, Pennsylvania, a stockbroker formerly registered with First Allied Securities, Inc., 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 trades in customer accounts on a discretionary basis in violation of his firm’s […]

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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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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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Former First Allied Broker Fined for Outside Business Activities

April 21, 2012  |   Posted by :   |   Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Thomas R. Fortino, a former broker with First Allied Securities Inc., was fined and suspended by the Financial Industry Regulatory Authority (FINRA) after he engaged in business outside his firm, often called selling away, and misled his firm about these activities. Fortino submitted a Letter of Acceptance, Waiver and Consent (AWC) that resolved the FINRA […]

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