Churning

Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Charles Kenahan Terminated for Alleged Excessive Trading

Posted on Wednesday, July 24th, 2019 at 8:48 pm    

  Merrill Lynch, Pierce, Fenner & Smith Incorporated recently terminated broker Charles Kenahan (CRD# 1351974) regarding claims of unauthorized and excessive trading. Kenahan was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Boston, Massachusetts from 2007 to July 2019, when he was terminated regarding, “Customers’ allegations of unauthorized trading, unsuitable investment recommendations and […]

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Were You the Victim of Former UBS Financial Services Inc. Broker William Hobby?

Posted on Saturday, July 20th, 2019 at 11:55 am    

There are options for customers of former UBS Financial Services Inc. broker William Hobby (CRD# 2240076). Hobby was registered with UBS Financial Services Inc. in Atlanta, Georgia from 2012 to October 2018, when he was terminated regarding, “FA discharged after firm’s review found that he (i) exercised discretion in client account without written authorization, in […]

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Legend Securities, Inc. Settles Nearly $1 Million Claim for Investment Losses

Posted on Tuesday, July 9th, 2019 at 8:21 pm    

In June 2019, a former client of Legend Securities, Inc., its CEO Anthony Fusco (CRD# 2704753), and three defunct New York firm’s registered representatives won a $966,708 award in a FINRA arbitration. The three brokers involved in this case are Brian Decker (CRD# 4565524), Steven Meyer (CRD# 4798400) and Bernardo Misseri (CRD# 2713297). Frank Fusco […]

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Purshe Kaplan Sterling Investments Settles Claim for $9.5 Million for Alternative Products Losses with Michigan Native American Tribe

Posted on Tuesday, July 9th, 2019 at 2:49 pm    

Purshe Kaplan Sterling Investments settled a claim for $9.5 million related to the sale of alternative investments to a Native American tribe, Saginaw Chippewa Indian Tribe of Michigan, by former Purshe Kaplan Sterling Investments broker Gopi Vungarala (CRD# 4856193). It is alleged that Vungarala engaged in excessive trading of non-traded Real Estate Investment Trusts (REITs) […]

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Former Windsor Street Capital Broker Jovannie Aquino Barred by SEC for Excessive Trading

Posted on Wednesday, June 26th, 2019 at 3:40 pm    

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 New York, New York from 2017 to 2018, and previously with Windsor Street Capital, LP […]

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Former Money Concepts Capital Corp. Client Wins FINRA Arbitration for $970,000 for Investment Losses in Gold and Mineral Industries

Posted on Wednesday, May 29th, 2019 at 8:09 pm    

In March 2019, a former client of Money Concepts Capital Corp. won an award in a FINRA arbitration for compensatory damages for $698,979, plus 8% per annum until the award is paid in full, and $27,920 in costs and 244,642 in attorney fees. The investors were clients of financial advisor Craig Sutherland (CRD# 2001873). The […]

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Janney Montgomery Scott LLC Financial Advisor Barbara Kenerson Has $500,000 Pending Complaint for Unsuitable Investments

Posted on Tuesday, April 30th, 2019 at 8:20 pm    

Erez Law is currently investigating Janney Montgomery Scott LLC financial advisor Barbara Kenerson (CRD# 1060984) regarding unsuitable investment recommendations and excessive trading. Kenerson has been registered with Janney Montgomery Scott LLC in Providence, Rhode Island from 1999 to 2018. Kenerson has been the subject of three customer complaints between 2001 and 2019, one of which […]

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Capitol Securities Management, Inc. Financial Advisor Richard Ragold Investment Losses

Posted on Tuesday, April 30th, 2019 at 8:15 pm    

Did you lose money investing with Capitol Securities Management, Inc. financial advisor Richard Ragold (CRD# 1808168)? Ragold has been registered with Capitol Securities Management, Inc. in Florham Park, New Jersey since 2007. Ragold has been the subject of two customer complaints between 2001 and 2019, according to his CRD report: January 2019. “Client alleged that […]

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Former Craig Scott Capital, LLC Financial Advisor Edward Beyn Barred by FINRA

Posted on Tuesday, April 30th, 2019 at 8:11 pm    

Former Craig Scott Capital, LLC financial advisor Edward Beyn (CRD# 5406273) was barred by FINRA for churning and excessive trading in customer accounts. Beyn was registered with Rothschild Lieberman LLC in Syosset, New York from 2015 to 2016 and previously with Craig Scott Capital, LLC in Uniondale, New York from 2012 to 2015. In January […]

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Former First Standard Financial Company LLC Financial Advisor James Schwartz Barred by FINRA

Posted on Monday, April 29th, 2019 at 8:25 pm    

Former First Standard Financial Company LLC financial advisor James Schwartz (CRD# 3043085) was barred by FINRA. Schwartz was registered with Joseph Gunnar & Co. LLC in New York, New York from December 2016 to February 2017. Previously, Schwartz was registered with First Standard Financial Company LLC in Garden City, New York from June to December […]

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