Articles Tagged with Acceptance

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Kevin Blaney was accused of making misrepresentations to customers in connection with the purchase, offer or sale of fixed income securities. Blaney was the Managing Director and salesman on Jeffries’ Mortgage-Backed Securities Desk from January 2009 until December 2011. Allegedly, in connection with six transactions, Blaney either made a false statement to a customer or failed to correct a statement made to a customer by another employee that Blaney knew was false. In five instances, Blaney misrepresented to Jeffries customers either the price at which the firm acquired, or was able to acquire, bonds that the customers were interested in purchasing, or that the firm was working with a seller of bonds when the firm already owned the bonds in inventory. This is against securities rules and regulations. For this, Blaney was fined $30,000 and suspended for three months.

According to his online FINRA BrokerCheck report, Blaney was registered with Citicorp Securities in New York, New York from December 1991 until September 1994, Banc of America Securities in New York from September 1994 until March 2001, JP Morgan Securities in New York from April 2001 until April 2003, RBS Greenwich Capital in Greenwich, Connecticut from April 2003 until April 2008 and Jeffries LLC in Stamford, Connecticut from May 2008 until September 2014. He is not currently registered with any member firm and is not licensed within the industry. Please call 312-332-4200 today to speak to an attorney about your options of suing Jeffries LLC for Blaney’s transgressions. The firm may be responsible for investment losses. The call is free with no obligation.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Robert M. Lyons, a former registered broker with Cambridge Investment Research, was accused of executing 14 unsuitable mutual fund switches in three customer accounts. Allegedly from January 2011 until December 2013, Lyons made the mutual fund switches in three customer accounts, switching customer assets from shares in one fund family to shares in a different fund family. He recommended that his customers purchase Class A shares that were only advantageous if the customers held them on a long-term basis. These are typically held for several years or longer. Lyons held the shares for less than 12 months, and did not have a reasonable basis to recommend the shares, nor to liquidate him. The customers were made to pay fees for these transactions and Lyons made commissions because of the transactions. For this, Lyons was fined $5,000 and suspended for 15 business days. A broker must have a reasonable basis to recommend and/or sell a security to a customer, and must take into account a customer’s age, net worth, investment savvy and investment objectives. If he does not, his firm may be responsible for investment losses.

Robert Lyons, according to his FINRA online BrokerCheck profile, was registered with The Robinson-Humphrey Company, Walnut Street Securities, Buckhead Financial Corp., Capital Research Corp., Allen C. Ewing & Co. and Cambridge Investment Research in Augusta, Georgia from December 2001 until October 2014. He is not currently registered with any member firm. Please call us today to speak to an attorney about your options of suing Cambridge for your investment losses on a contingency fee basis in the FINRA arbitration forum.

Timothy Payne, a former registered broker with Wilbanks Securities, recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Payne was accused of engaging in dishonest and unethical practices in the securities, investment and/or insurance business by the State of Missouri. He was ordered to pay $17,750 in restitution ($10,000 of which is suspended provided he complies with the terms of the Consent Order and the Missouri Securities Act) and a $20,000 civil penalty, which was also suspended. For this, Payne was barred from the industry. Payne was registered with MML Investors Services, Wilbanks Securities in Oklahoma City, Oklahoma from August 1999 until March 2008, Sagepoint Financial, Wilbanks Securities in Oklahoma City from June 2009 until February 2014, Investors Capital and Adirondack Trading Group. He is not currently registered with any member firm and has one customer dispute against him. He is not licensed within the industry. Please call our law offices today to speak to an attorney about your options of suing Wilbanks Securities in the FINRA arbitration forum. The firm may be responsible for investment losses because it did not properly supervise Payne and allowed him to make transgressions. The call to us is free. 312-332-4200.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Adam Canote was accused of altering 11 documents and submitted them with applications for insurance to his employer. Canote altered the documents in order to obtain more clients. This is against securities rules and regulations. For this, Canote was fined $5,000 and suspended for three months. Canote was registered with State Farm in Booneville, Missouri from July 2014 until November 2015. He is not currently registered with any FINRA member firm and is not licensed within the industry. If you invested money with Adam Canote, please call our securities law firm in Chicago, Illinois to speak to an attorney to find out how you may be able to sue State Farm for Canote’s transgressions. The firm had a duty to supervise him, and, because it did not, may be liable for financial losses. We sue firms such as State Farm in the FINRA arbitration forum for investors on a contingency fee basis which means we don’t make money unless you recover yours. The call to us is free so please call today.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Thomas Thesier was accused of violating securities laws. Allegedly, between August 2012 and June 2015, while registered with Allstate Financial Services, Thesier signed the names of at least 22 customers to insurance applications and other insurance-related forms. He allegedly did so without the customer’s knowledge or authorization. He also created email addresses for at least 15 of his customers to make it appear as though they had their own email addresses because the insurance affiliate discounted certain insurance policies sold to a customer in the amount of 15% provided the customer had his or her own email address, as well as multiple policies with the carrier. For these violations he was suspended for six months in any and all capacities and fined $7,500. Thesier was registered with Allstate in Eaton Rapids, Michigan from August 2012 until June 2015. He is not licensed within the industry. If you wish to bring a claim against Thesier in the FINRA arbitration process, please call our law offices today to speak to an attorney for free. We may be able to help you recover your losses by suing Allstate Financial Services for failing to properly supervise Mr. Thesier. 312-332-4200.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jonathan Casiano was accused of misappropriating funds totaling at least $14,400 from three affiliated bank customers which is in violation of FINRA rules. Allegedly, in June 2016, Casiano issued debit cards linked to the accounts of five bank customers. Between June 2, 2016 and June 28, 2016, Casiano directed family members and a friend to use the debit cards to make withdrawals of funds from three of the bank customers’ accounts totaling $14,400. He then used the funds to make personal purchases. For this, he was barred from the industry. According to his online FINRA BrokerCheck report, Jonathan Casiano was registered with JP Morgan Securities in Arlington, Texas from March 2016 until July 2016. He is not currently registered with any firm, he is not licensed and has been barred from the industry. If you feel that you may have a claim and would like to sue his former firm, JP Morgan Securities, in the FINRA arbitration forum, please call us today. Attorneys are standing by to take your call for free and there is no obligation. JP Morgan may be responsible for investment losses and we sue firms on a contingency fee basis. 312-332-4200.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Daniel John Myers, a Morgan Stanley broker, was fined $10,000 and suspended from association with any FINRA member in any and all capacities for one year. Myers was accused of executing 26 unauthorized transactions in the account of a customer between January 2013 and March 2013. After the customer allegedly complained about the transactions, Myers settled the complaint away from the firm. From November 2012 until April 2013, Myers used an unapproved personal email account to conduct securities business, which is against securities rules and regulations.

Myers was registered with UBS Financial Services in New Haven, Connecticut fro November 2006 until March 2008, Morgan Stanley in New Haven from March 2008 until September 2014 and Wells Fargo Advisors in New Haven from September 2014 until August 2016. He has one customer dispute against him and one criminal disposition. He is not licensed within the industry.

Firms such as Morgan Stanley can be sued in the FINRA arbitration forum on a contingency fee basis to recover investment losses for individuals. We sue firms such as Morgan Stanley for failing to properly supervise their representatives. Please call our securities law firm in Chicago at 312-332-4200 to speak to an attorney about your options. The call to us is free with no obligation. Please call today as there is a statute of limitations on these sorts of cases.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Robert Heath, a former AXA Advisors broker was accused of borrowing money from a customer in violation of FINRA rules. He was suspended from the industry for three months and fined $5,000. He was also ordered to pay the customer $7,500 in interest. Allegedly, on July 20, 2012, Heath borrowed $7,500 from his customer. The loan was undocumented and Heath was to make monthly payments to the customer equaling six percent simple interest until the loan was repaid. There was no fixed maturity date for the loan. Heath has not repaid any principal to the customer since taking the loan.

According to his online public FINRA BrokerCheck page, Heath was registered with The Variable Annuity Marketing Company in Houston, Texas from September 1990 until December 2001, AIG Retirement Advisors in Lakewood, Colorado from March 1998 until December 2008, AXA Advisors in Highlands Ranch, Colorado from December 2008 until December 2012 and Presidential Brokerage in Colorado Springs, Colorado from December 2012 until September 2015. He has two criminal dispositions against him and one customer dispute. He is not currently licensed within the industry.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Thomas J. Brenner was engaged in two separate private placements which violated securities laws, including inadequate due diligence, a failure to have a reasonable basis to recommend the private placements to customers and investor offering documents which contained misleading and unwarranted statements, omitting material information and made material misrepresentations. For these transgressions he was fined $30,000, disgorged commissions of $189,000 and suspended for 16 months from associating with any FINRA registered firm in any capacity. If you or someone you know invested money with Thomas J. Brenner, please call our securities law firm to speak to an attorney about your options of suing his firm, First American Securities, in the FINRA arbitration forum on a contingency fee basis. The firm may be reliable for investment losses because of failing to reasonably supervise Brenner.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Paul George Liebezeit, a former registered representative with LPL Financial, was accused of participating in a private securities transaction. Allegedly, he recommended to a married couple, an investment in a fund of hedge funds away from his member firm. In December 2013, Liebezeit’s RIA customers, the married couple, consulted with him about certain investment opportunities recommended to them by others. Lievezeit then recommended that the investors invest in a similar security, a fund of hedge funds, away from the firm. This investment was not approved for sale through LPL. The investors invested $1,000,000. This is commonly referred to as “selling away,” and is when a broker recommends a security that is not offered or sold through his member firm, and is a tactic used by brokers to generate large commissions for themselves, which they do not have to share with their firms. It is against securities rules and regulations.

We sue firms such as LPL in the FINRA arbitration forum to recover money for investors who have lost funds because of brokers like Paul George Liebezeit. LPL had a duty to reasonably supervise Liebezeit, and, because the firm did not, may be liable for investment losses. We take cases on a contingency fee basis, so we do not make money unless you recover yours. Call our Chicago-based law offices today at 312-332-4200 to speak to an attorney about your options.

Paul George Liebezeit was registered with First Investors Corp, Morgan Stanley, NRP Financial and LPL Financial in Plymouth Meeting, Pennsylvania from December 2010 until October 2014. He is currently registered with Purshe Kaplan Sterling Investments in Plymouth Meeting and has been since November 2014.

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