In May 2019, a group of former clients of Raymond James & Associates, Inc. won an award in a FINRA arbitration for $1,790,003.17, which included $1.019 in compensatory damages, $200,000 in punitive damages, $422,000 in attorney’s fees, $14,000 in costs, … Continue reading
Former New York broker Michael Bastardi (CRD# 6015424) was barred by FINRA related to unsuitable margin trading, fraud and forgery. Bastardi was registered with the following firms throughout his short career: Chelsea Financial Services in Staten Island, New York (01/19/2018 … Continue reading
Former Windsor Street Capital, LP broker Jovannie Aquino (CRD# 4876661) was barred by the Securities and Exchange Commission (SEC) for fraud involving excessive trading in the accounts of his retail customers. Aquino was registered with Spartan Capital Securities, LLC in … Continue reading
In June 2019, FINRA censured Citigroup Global Markets, fined the firm $225,000 and ordered them to pay $152,488.59 in restitution plus interest for supervisory failures in connection with the sale of Unit Investment Trusts (UITs). According to FINRA, between 2011 … Continue reading
Erez Law recently filed a FINRA arbitration against former Cetera Advisors LLC and its broker George Merhoff (CRD# 2918171). The Erez Law client alleges the following in the newly filed FINRA claim: The client informed Merhoff that he was approaching … Continue reading
Former First Standard Financial Company LLC broker William Gennity (CRD# 4913490) was barred by FINRA and the Securities and Exchange Commission (SEC) for churning customer accounts and making unsuitable investment recommendations. Gennity was registered with First Standard Financial Company LLC … Continue reading
In April 2019, a former client won a FINRA arbitration against J.P. Turner & Company, L.L.C., Summit Brokerage Services, Inc., LPL Financial LLC, Purshe Kaplan Sterling Investments, Inc. and CS Planning Corp. and financial advisor Christopher Burtraw (CRD# 4670431) for … Continue reading
Former American Portfolios Financial Services, Inc. broker Mark Hopkins (CRD# 2653473) was barred by FINRA for accepting customer funds for an investment not on the books. Hopkins was registered with American Portfolios Financial Services, Inc. in Grand Blanc, Michigan from … Continue reading
Were you the victim of former National Securities Corporation financial advisor James Eichner Jr. (CRD# 3221851)? Eichner was registered with Allied Millennial Partners, LLC in Garden CIty, New York from 2018 to 2019, when he was terminated regarding, “Representative’s registration … Continue reading
Former Mutual of Omaha Investor Services, Inc. broker Edward Matthes (CRD# 2788055), who was barred by FINRA regarding unsuitable variety annuity investment recommendations, recently pled guilty to wire fraud. Matthes was registered with Mutual of Omaha Investor Services, Inc. in … Continue reading