Selling Away

Former Cuso Financial Services Financial Advisor Eric Shanks Accused of Selling Unapproved Investments

Posted on Tuesday, April 23rd, 2019 at 3:53 pm    

Erez Law is currently investigating former Cuso Financial Services financial advisor Eric Shanks (CRD# 2724083) regarding selling unapproved investments. Shanks was registered with Cuso Financial Services, LP in Richardson, Texas from 2004 to 2014, when he was terminated regarding, “representative failed to disclose surrender of a fixed annuity to fund a variable annuity purchase.” According […]

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Erez Law Files FINRA Claim Against Colorado Financial Service Corp. and Former Financial Advisor Tracy Turner

Posted on Tuesday, April 9th, 2019 at 12:30 pm    

Erez Law recently filed a FINRA arbitration against Colorado Financial Service Corp. on behalf of a retired California couple. Their customer alleges that Tracy Turner (CRD #1385745), who was a registered representative of Colorado Financial Service Corp., in Carlsbad, California from 2012 to 2014, solicited the couple to invest in an unapproved investment. The clients […]

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Erez Law Investigates Former Foresters Equity Services, Inc. Financial Advisor Michael Rappa

Posted on Saturday, March 30th, 2019 at 10:45 am    

Did you lose money investing with former Foresters Equity Services, Inc. financial advisor Michael Rappa (CRD# 4799159)? Rappa was registered with Foresters Equity Services, Inc. in San Diego, California from 2010 to 2017. In February 2019, FINRA barred Rappa after he consented to the sanction and to the entry of findings that he engaged in […]

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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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