Articles Tagged with Banc One Securities

AdobeStock_78306447-1-300x199Ameriprise can be held liable for investment losses with former broker Nicholas Hoetmer in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Nicholas Hoetmer was previously registered with JP Morgan in Indianapolis, Indiana from 2012 until 2016, Chase Investment Services in Indianapolis from 2005 until 2012 and Banc One Securities Corp in Chicago, Illinois from 1999 until 2005. In May 2018, FINRA sanctioned Hoetmer following allegations that he failed to amend his Form U4. He was terminated from JP Morgan following allegations he failed to disclose a reportable event on his Form U4, and, while registered with Chase Investment Services Corp, recommended an unsuitable investment and misrepresented material facts related to an investment in auction rate securities. These are all against securities laws and internal firm rules. Nicholas Hoetmer, according to online records, has two customer disputes against him, one regulatory matter, one financial and two criminal dispositions. He is not currently registered as a broker and has been suspended from the industry.

AdobeStock_90383187-1-300x194Former Liberty Partners Financial Services broker Jeffery Fanning was recently suspended from the securities industry for six months by the Financial Industry Regulatory Authority (FINRA). Fanning allegedly failed to reasonably supervise potential excessive trading by other representatives at the firm. Fanning agreed to pay a fine of $20,000 and was suspended for six months in all capacities by FINRA because of this misconduct. Churning, or excessive trading is a particularly egregious form of broker misconduct, because the broker trades in and out of securities, sometimes within the same day. This can lead to large commissions for the broker, but unnecessary fees for the client. It is against securities laws and internal firm rules.
Jeffery Alan Fanning, according to FINRA records online, was previously registered with Kennedy, Cabot & Co., Rowland, Simon & Co., Stifel, Nicolaus & Company, Inc., Wilshire Discount Securities, Thomas F. White, Midwest Discount Brokers, Emmett A Larkin Company, Andrew Garrett Inc., Banc One Securities and Liberty Partners in West Palm Beach, Florida from May 2004 until March 2017. He has three customer disputes against him, one of which is pending. They allege mismanagement, and failure to detect/supervise actions of a representative, among other things. He has four regulatory matters against him. He is not currently registered as a broker, and has been suspended from the industry.

Stoltmann Law Offices is investigating Barbara D. Fife, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). She is accused of converting the funds of a firm customer, while she was registered with LPL Financial. Subsequently, FINRA barred her from the industry for her misconduct. She was registered with the following firms: MML Investors Services, Essex National Securities, First Chicago NBD Investment Services, Independent Financial Securities, Natcity Investments, First Chicago NBD Investment Services, Banc One Securities, UBS Financial Services, Fifth Third Securities, City Securities and LPL Financial in Fishers, Indiana from September 2007 until June 2014. She is not currently registered with any member firm. She has five customer disputes against her, one of which is pending. She is not licensed in the industry, and FINRA permanently barred her from acting as a broker or associating with firms that sell securities to the public.

If you invested money with Barbara D. Fife, please call our securities law firm at 312-332-4200 to speak with an attorney about your options of suing her former firm, LPL Financial. They had a duty to reasonably supervise her while she was employed with them. The call is free with no obligation. We take cases on a contingency fee basis only.

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