Unauthorized Trades

Did you suffer investment losses due to recommendations by Wells Fargo Clearing Services, LLC broker Richard Bernstein (CRD# 1113777)? Bernstein has been registered with Wells Fargo Clearing Services, LLC in Incline Village, Nevada since 2015. Bernstein has been the subject of eight customer complaints between 1992 and 2019, one of which was denied and one […]

Erez Law is currently investigating former Laidlaw & Company (Uk) Ltd. broker Steven Woods (CRD# 5715598) regarding unauthorized and unsuitable trades. Woods has been registered with Worden Capital Management LLC in New York, New York since July 2017. Previously, Woods was registered with Laidlaw & Company (Uk) Ltd. in New York New York from 2013 […]

Former Raymond James & Associates, Inc. broker James Edward Lyons (Eddie Lyons) (CRD# 1020397) is accused of unauthorized trading and unsuitable investments in high risk Master Limited Partnerships (MLPs). Lyons was registered with Raymond James & Associates, Inc. in Shreveport, Louisiana from 2013 to May 2017, when he was terminated regarding, “Financial Advisor was terminated […]

There are options for customers of former Laidlaw & Company broker Kevin Wilson (CRD# 3262701) who suffered investment losses. Wilson has been registered with National Securities Corporation in New York, New York since August 2017. Previously, Wilson was registered with Laidlaw & Company (UK) Ltd. in New York, New York from 2010 to 2017. Wilson […]

Erez Law is currently investigating former Spartan Capital Securities, LLC broker Gregory Washington (CRD# 5420613) for alleged unsuitable and unauthorized trades. Washington has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Washington, DC since July 2018. Previously, Washington was registered with Aegis Capital Corp. in New York, New York from 2016 to […]

There are options for customers of former Nylife Securities LLC broker George Shadie (CRD# 2513286) regarding investment losses. Shadie was registered with Nylife Securities LLC in Wilkes Barre, Pennsylvania from 1995 to 2019, when he was terminated regarding, “Mr. Shadie was terminated after the company’s review of his business practices raised a number of concerns […]

In June 2019, a former client of PFS Investments Inc. won an award in a FINRA arbitration for compensatory damages for $850,630 for losses sustained from unauthorized and unapproved transactions. The investors were clients of financial advisors Perry De Leeuw (CRD# 4792703) and Nancy De Leeuw. The causes of action included breach of contract, indemnification, […]

Erez Law is currently investigating First Standard Financial Company LLC broker Joseph Orlando Jr. (CRD# 2882204) regarding investment losses due to unauthorized trading. Orlando has been registered with First Standard Financial Company LLC in Red Bank, New Jersey since 2016. Orlando has been the subject of two customer complaints in 2019, according to his CRD […]

  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 […]

Former Morgan Stanley broker David Strnad (CRD# 1982721) was suspended by FINRA for 18 months regarding unauthorized trades in an elderly customer’s accounts. Strnad was registered with Wells Fargo Clearing Services, LLC in Nashville, Tennessee from 2016 to 2018, and previously with Morgan Stanley in Franklin, Tennessee from 2009 to 2016. In June 2019, FINRA […]