Selling Away

Former Concorde Investment Services, LLC Financial Advisor Richard Cody Sentenced to Two Years in Prison for Defrauding Clients

Posted on Saturday, March 16th, 2019 at 10:36 am    

Former Concorde Investment Services, LLC financial advisor Richard Cody (CRD# 2794558) barred by FINRA and sentenced to two years in prison for defrauding retired clients. Cody was registered with IFS Securities in Spring Lake, New Jersey from August to September 2016, when he was terminated regarding, “Selling away, forgery.” Previously, Cody was registered with Concorde […]

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Former PNC Investments Financial Advisor Robert Jamison Accused of Selling Away

Posted on Tuesday, February 12th, 2019 at 2:49 pm    

Erez Law is currently investigating former PNC Investments financial advisor Robert Jamison (CRD# 5793591) regarding selling unapproved products (also known as selling away). Jamison has been registered with the following brokerage firms during the past few years: PNC Investments in Atlanta, Georgia (06/16/2017 – 01/26/2018) Independent Financial Group, LLC in Salinas, California (09/08/2016 – 05/30/2017) […]

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Former Next Financial Group Inc. Client Wins FINRA Arbitration for $2 Million for INvestment Losses

Posted on Tuesday, February 12th, 2019 at 11:47 am    

In December 2018, a former client Next Financial Group Inc. won an award in a FINRA arbitration for compensatory damages for $2,004,423 plus $6,200 as reimbursement for the initial filing fee and hearing session fees for losses sustained from investment losses related to Simanski engaging in outside business activities (selling away from his member firm). […]

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Investigation of Former UBS Financial Services Inc. Financial Advisor Paul Murans

Posted on Thursday, January 31st, 2019 at 9:06 pm    

Former UBS Financial Services Inc. financial advisor Paul Murans (CRD# 3266607) has three pending customer complaints for investment losses. Murans has been registered with Thurston Springer Financial in Indianapolis, Indiana since October 2017. Previously, he was registered with UBS Financial Services Inc. in Indianapolis, Indiana from 2011 to 2017, when he was terminated regarding, “FA […]

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Investor Alert: Investors Capital Corp. Financial Advisor Nina Jessee

Posted on Monday, November 26th, 2018 at 9:54 am    

Have you experienced investment losses due to recommendations by Investors Capital Corp. financial advisor Nina Jessee (CRD# 1484808)? Jessee was registered with Cetera Advisors LLC in Abingdon, Virginia from October 2016 to November 2017, when she was terminated regarding, “Violated firm policy for not disclosing outside business activity (oba) prior to engaging.” Previously, Jessee was […]

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Barred Broker: Former UBS Financial Services Inc. Financial Advisor Alex Herrera

Posted on Thursday, November 1st, 2018 at 10:23 am    

Former UBS Financial Services Inc. financial advisor Alex Herrera (CRD# 3204779) barred by FINRA regarding unreported outside business activities and private securities transactions. Herrera was registered with UBS Financial Services Inc. in Coral Gables, Florida from 2012 to 2018. In August 2018, FINRA barred Herrera after he consented to the sanction and to the entry […]

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Have You Suffered Investment Losses with Former Merrill Lynch, Pierce, Fenner & Smith Financial Advisor Frank Zito?

Posted on Thursday, October 25th, 2018 at 10:49 am    

Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith financial advisor Frank Zito (CRD# 2766336) regarding selling away, which is selling investments outside of the firm’s supervision. Zito has been registered with Coker & Palmer in Jackson, Mississippi since August 2018. Previously, he was registered with Merrill Lynch, Pierce, Fenner & Smith […]

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Barred Broker Ernest Romer II Charged by SEC with Defrauding Customer out of $2.7 Million

Posted on Thursday, October 18th, 2018 at 8:25 am    

Former Corecap Investments, Inc. financial advisor Ernest Romer II (CRD# 2311741) is alleged to defraud at least 30 customers out of $2.7 million. Romer was registered with Corecap Investments, Inc. in Sterling Heights, Michigan from October 2012 to January 2017 when he was terminated regarding, “Failure to report outside business activity and violations of firm […]

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Former Madison Avenue Securities, LLC Financial Advisor David Barber Barred by FINRA

Posted on Saturday, September 22nd, 2018 at 9:41 am    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Madison Avenue Securities, LLC financial advisor David Barber (CRD# 1165082). Barber was registered with Madison Avenue Securities, LLC in San Diego, California from March 2015 to January 2018. Previously, he was registered with First Midwest Securities, Inc. […]

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Were You the Victim of Losses Due to Investments with Aaron Parthemer?

Posted on Monday, August 27th, 2018 at 1:48 pm    

Barred former Wells Fargo financial adviser Aaron Parthemer (CRD# 2546369) accused of participating in outside business activities related to investments in a Miami nightclub. This is also referred to as selling away or selling investments outside of the firm’s supervision. The Florida broker is known to socialize with celebrity clients in the National Football League […]

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