Unauthorized Trades

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 […]

There are options for customers of former Prospera Financial Services, Inc. broker Dudley Stephens (CRD# 4119268) who suffered investment losses. Stephens was registered with the following brokerage firms: Coastal Equities, Inc. in New York, New York (11/22/2016 – 07/23/2018) Prospera Financial Services, Inc. in New York, New York (04/16/2014 – 10/27/2016) Wells Fargo Advisors, Llc […]

Former Transamerica Financial Advisors, Inc. broker Pedro L. Gonzalez-Seijo (CRD# 2182912) was barred by FINRA after it was found that he took $583,161.25 from his clients. Gonzalez-Seijo was president and owner of PGS Insurance, Inc. Gonzalez-Seijo was registered with Transamerica Financial Advisors, Inc. in San Juan, Puerto Rico from 2009 to May 2016, when he […]

Did you suffer losses due to investments with former Wedbush Securities Inc. broker William Heiden (CRD# 2885156)? Heiden was registered with Wedbush Securities Inc. in Newport Beach, California from 2013 to 2018. In January 2018, FINRA named Heiden as a respondent in a complaint alleging that he “engaged in unauthorized trading in the accounts of […]

Erez Law is currently investigating former PFS Investments Inc. broker Derrick Trussell (CRD# 5197550) regarding unauthorized trades. Trussell was registered with PFS Investments Inc. in San Antonio, Texas from 2006 to 2017, when he was terminated regarding, “PFSI received allegation that the representative engaged in an unapproved outside business activity and/or an undisclosed private securities […]