Stockbroker Fraud

Eric Steven Smith of Troy Michigan the founder and Chief Executive Officer of Consulting Services Support Corporation (the parent company of CSSC Brokerage Services Inc.) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA National Adjudicatory Council Decision containing findings that misrepresentations had been made by Smith in securities offering documents provided to CSSC Brokerage Services customers. [ 319 more words ] https://stockbrokerfraud.com/eric-smith/

Gary Arthur Forrest of Flint Michigan a stockbroker formerly registered with American Portfolios Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages supported by accusations of negligence and the breach of fiduciary duty by the stockbroker with respect to his sales of real estate securities when he was employed by American Portfolios. [ 437 more words ] https://stockbrokerfraud.com/gary-forrest-2/

Neil James Buono of Woodstock Georgia a stockbroker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Buono refused to cooperate with FINRA staff who was investigating allegations of his forgery and violations of FINRA rules. Letter of Acceptance Waiver and Consent No. [ 169 more words ] https://stockbrokerfraud.com/neil-buono/

Luke Michael Johnson of Scottsdale Arizona a stockbroker formerly registered with Coastal Equities Inc. and investment adviser representative of Coastal Investment Advisers is identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages supported by accusations that the customer received unsuitable alternative investment recommendations from Johnson in 2016 in regard to direct participation programs and limited partnership interests during the time that Johnson was associated with Coastal Equities. [ 518 more words ] https://stockbrokerfraud.com/luke-johnson-2/

Tony A. Kassaei of Irvine California a stockbroker formerly registered with JP Turner Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kassaei took part in private securities transactions involving real estate securities during the time that he was employed by JP Turner. Letter of Acceptance Waiver and Consent No. [ 559 more words ] https://stockbrokerfraud.com/tony-kassaei/

Timothy Patrick Higgins (also known as Tim Higgins) of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages supported by accusations that unauthorized and excessive trades were effected in the customer's account when Higgins was employed by Spartan Capital Securities. [ 329 more words ] https://stockbrokerfraud.com/timothy-higgins/

William Michael Council (also known as Bill Council) of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. and DA Davidson Co. is referenced in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages supported by allegations that Council’s investment recommendations were not suitable for the DA Davidson customer as it pertained to mutual funds as well as over-the-counter equities and stocks. [ 245 more words ] https://stockbrokerfraud.com/william-council/

Xerxes Soli Mullan of New York New York a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Mullan took part in unapproved private securities transactions when he was registered with Purshe Kaplan. Letter of Acceptance Waiver and Consent No. [ 300 more words ] https://stockbrokerfraud.com/xerxes-mullan/

Dennis Patrick Thurman of Sioux Falls South Dakota a stockbroker registered with First Allied Securities and investment adviser representative of Arete Wealth Management LLC is identified in a customer initiated investment related complaint on March 15, 2019 in which the customer sought $11,997.97 in damages supported by accusations that a contract had been breached and that Thurman’s negligence associated with a real estate security transaction had resulted in the customer’s losses. [ 292 more words ] https://stockbrokerfraud.com/dennis-thurman/

Jeffrey Allan Broten of Morristown New Jersey a stockbroker formerly registered with First Standard Financial Co. LLC and National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations that over-the-counter equities transactions effected in the customer’s account by the stockbroker failed to be suitable for the customer. [ 549 more words ] https://stockbrokerfraud.com/jeffrey-broten/

Capital City Securities LLC a securities broker dealer headquartered in Powell Ohio has been censured by Financial Industry Regulatory Authority (FINRA) based upon findings that Capital City failed to supervise the suitability of trades that its stockbrokers effected in customer accounts. Letter of Acceptance Waiver and Consent No. Letter of Acceptance Waiver and Consent No. 2015048347902 (Sept. 23, 2020). According to the AWC, from August of 2015 to June of 2016, Capital City did not create or implement an adequate supervision system or set of written supervisory procedures with a view towards complying with FINRA’s rules as it related to suitability. [ 436 more words ] https://stockbrokerfraud.com/capital-city-securities-failu/

Christ Elias Baltas a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Baltas failed to comply with FINRA during its investigation into accusations of his failed supervision of a stockbroker who engaged in unsuitable trading in customer accounts. Letter of Acceptance Waiver and Consent No. [ 142 more words ] https://stockbrokerfraud.com/christ-baltas/

Shapour Reza Ejlal of Great Neck New York a stockbroker formerly registered with Aegis Capital Corp. is identified in a customer initiated investment related written complaint which was settled for $17,500.00 in damages on March 1, 2019 based upon accusations that unauthorized transactions were effected in the customer's account and that the customer was placed into unsuitable stocks during the period that Ejlal was associated with Aegis Capital Corp. [ 181 more words ] https://stockbrokerfraud.com/shapour-ejlal/