Articles Tagged with Brookstone Securities

AdobeStock_66548440-1-300x169Did you lose money with Christopher Lippus, a former broker with Arive Capital Markets? If so, please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney about your options of bringing a claim against Arive Capital Markets for those losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. We do not get paid unless you recover your losses. The call to us is free with no obligation. We sue firms such as Arive Capital Markets for not properly supervising their investment professionals. There is a statute of limitations on most of these cases, so please call today.
Mr. Lippus was barred from the industry after he refused to cooperate with a FINRA investigation against him. Before being registered with Arive, he was registered with Brookstone Securities in Garden City, New York from April 2011 until April 2012, and Chelsea Financial Services in East Meadow, New York from March 2014 until October 2015. He was registered with Arive in Farmingdale, New York from October 2015 until July 2016. He has been permanently barred from the industry, according to his online, FINRA BrokerCheck report. Please call our securities law firm today at 312-332-4200 for a no-cost, no-obligation consultation with one of our attorneys in order to find out how to sue Arive Capital Markets for Christopher Lippus losses. The call to us is free with no obligation. We take cases on a contingency fee basis only, so we only get paid if you recover your losses.

Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Matthew Lilleberg, a registered representative with Moloney Securities in Minnesota. Lilleberg has been accused of executing unauthorized trades, executing an unauthorized purchase of a stock, and recommending unsuitable investments. These are all against securities rules and regulations. Lilleberg was registered with Wells Fargo Investments in Aspen, Colorado from March 2004 until October 2008, Brookstone Securities in Willmar, Minnesota from September 2010 until June 2012 and Minnesota Valley Investments in Willmar from August 2012 until March 2014. He is currently registered with Moloney Securities in Willmar and Spicer, Minnesota and has been since April 2014. He has eight customer disputes against him. If you or someone you know has invested money with Matthew Lilleberg, please call our securities law firm in Chicago to speak to one of our attorneys about your options of suing Moloney Securities in the FINRA arbitration forum on a contingency fee basis. We help investors recover financial losses.

Did you or someone you know invest money with Edward Beyn, a former broker with New York-based Rothschild Lieberman? If so, you may be entitled to recover your losses. We may be able to help you bring a claim against Rothschild Lieberman for investment losses. The firm may be responsible for losses incurred with Edward Beyn, and we sue firms on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA) arbitration process. Please call today. The call is free with no obligation. 312-332-4200.

Beyn was alleged to have “excessively traded and churned customer accounts, without regard to the suitability of his recommended trading.” He also, while employed at Craig Scott Capital, allegedly executed excessive and unauthorized trades and misrepresented material facts. He also was accused of breaching fiduciary duty and executing highly speculative trades. Some of these complaints are currently pending.

According to his FINRA online BrokerCheck report, Beyn was registered with Pointe Capital in Bethpage, New York from May 2008 until October 2008, Clark Dodge & Co. in Garden City, New York from October 2006 until March 2009, JHS Capital Advisors in Bethpage from May 2009 until May 2010, Brookstone Securities in Uniondale, New York from May 2010 until February 2012, Craig Scott Capital in Uniondale from February 2012 until September 2015, and Rothschild Lieberman in Syosset, New York from September 2015 until March 2016. He has seven customer disputes against him, two of which are currently pending. He is not licensed within the industry.

Did you invest money with Richard L. Brown? If so, you may be able to recover your losses by suing his former firm, Brookstone Securities, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. The call to us is free and there is no obligation. We have represented thousands of investors in this process. Richard L. Brown has one pending and one final criminal charge, according to his FINRA online, public BrokerCheck page. He has one pending civil event and one pending customer dispute. He has been accused of Conspiracy to Commit Securities Fraud, Securities Fraud, Money Laundering Conspiracy and Conspiracy to commit wire fraud. A customer of Brown’s is alleging damages of $72,133 for churning and suitability, stemming from when Brown was registered at Brookstone Securities. Four prior complaints alleged damages of $120,000 for excessive trading and unsuitable recommendations.

Richard L. Brown was registered with H.D. Vest Investment Securities in Irving, Texas from July 1990 until April 1993, Walnut Street Securities in El Segundo, California from April 1993 until October 2005 and Mutual Service Corp in Richardson, Texas from September 2005 until September 2009. He is currently registered with LPL Financial in Richardson and has been since September 2009.

According to a Financial Industry Regulatory Authority (FINRA) complaint, Edward Beyn was accused of excessively trading and churning six customer accounts while he was registered as a representative with Craig Scott Capital (CSC). This is a tactic used by brokers to garner large commissions for themselves, even if it is not in the best interest of the client. Beyn allegedly used a short-term trading strategy in the customers’ accounts as a means to turn over the accounts quickly and generate outside commissions for himself. He relied heavily on buying and selling equities of companies releasing their earnings reports as a catalyst for excessively trading accounts. Each of these carried a markup. A broker must take into account a customer’s age, net worth, trading strategy and investment objectives when recommending and selling securities. If he does not, his firm can be held responsible for investment losses. This allegedly took place between March 2012 and August 2013. He executed 115 transactions in this time period, and generated approximately $188,704 in commissions and fees for himself. Many of his victims were over the age of 60.

Beyn was registered with Pointe Capital in Bethpage, New York from May 2008 until October 2008, Clark Dodge & Co. in Garden City, New York from October 2008 until March 2009, JHS Capital Advisors in Bethpage from May 2009 until may 2010, Brookstone Securities in Uniondale, New York from May 2010 until February 2012 and Craig Scott Capital in Uniondale, New York from February 2012 until September 2015. He is currently registered with Rothschild Lieberman in Syosset, New York and has been since September 2015. He has seven customer disputes against him, five of which are currently pending.

Stoltmann Law Offices is investigating Craig Scott Capital (CSC) and two of its owners Craig Scott Taddonio and Brent Morgan Porges. The firm and the two men recently had a Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding against them. According to the proceeding, CSC, Taddonio and Porges “fostered a culture of aggressive, excessive trading of customer accounts by encouraging the firm’s registered representatives to use upcoming earnings announcements as a catalyst for recommending hundreds, and in some cases, thousands, of short term trades in customer accounts.” CSC and its owners and brokers earned more than $5 million in commissions while customers suffered more than $9 million in losses in accounts where the annualized turnover rates were has high as over 200 and the annualized cost-to-equity ratios were has high as over 800%. Both men and brokers actively traded customer accounts so aggressively, that it resulted in fraudulent churning and quantitatively unsuitable trading. They also failed to establish a reasonable supervisory system, including a written supervisory system wherein they failed to detect the fraudulent churning activities. These are against securities rules and regulations.

Craig Scott Taddonio was registered with Gunnallen Financial in New York, New York from March 2004 until December 2005, JHS Capital Advisors in Bethpage, New York from December 2005 until May 2010 and Brookstone Securities in Uniondale, New York from May 2010 until February 2012. He is currently registered with Craig Scott Capital in Uniondale, New York and has been since February 2012. He has three customer disputes against him, one of which is currently pending.

Porges was registered with On-Site Trading, Andover Brokerage, First Montauk Securities, Gunnallen Financial, Benson York Group, Great Eastern Securities, Joseph Gunnar & Co., Pointe Capital Inc., New Castle Financial Services, Brookstone Securities, Prestige Financial Center, Rockwell Global Capital, Craig Scott Capital and Newbridge Securities Corp. He is currently registered with Newbridge Securities Corp in New York, New York and has been since November 2015. He has four customer disputes against him, one of which is currently pending.

Stoltmann Law Offices is investigating Zachary Bader, who was permanently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Bader was the subject of two regulatory sanctions and five pending customer complaints. According to the customer complaints, Bader executed excessive trades with “reckless disregard” for his clients’ interests, recommended unsuitable investments, failed to conduct adequate due diligence, breached fiduciary duty, and churned accounts, among other transgressions. Churning is a violation of securities laws and is used to generate large commissions for the broker. Bader was registered with Brookstone Securities in Uniondale, New York from March 2011 until February 2012, Craig Scott Capital in Uniondale from February 2012 until August 2013 and National Securities Corporation in Melville, New York from August 2013 until August 2014. He has five customer disputes against him. He is not licensed and has been permanently barred from the industry. If you invested money with Zachary Bader, his former firm, National Securities Corp, can be sued in the FINRA arbitration forum to recover your investment losses. The call is free with no obligation. We take cases on a contingency fee basis only.

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Stoltmann Law Offices is investigating Osi “Pete” Isaac and his former firm, Brookstone Securities in New York. Isaacs has been accused of making unauthorized trades and margin use and was permanently barred from the securities industry. Isaacs was registered with VTR Capital, First Liberty Investment Group, S.W. Bach & Co., JP Turner & Co, New York Global Securities, Gunnallen Financial, Investors Capital Corp, Andrew Garrett, Granta Capital Group, The Rockwell Financial Group, Reid & Rudiger and Brookstone Securities. He is not currently registered with any member firm. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, he has four customer disputes against him, one of which is currently pending. He is not licensed within the industry and FINRA has permanently barred him from the industry. If you invested money with Osi “Pete” Isaacs, please contact our securities law firm in Chicago to speak to an attorney. The call is free with no obligation.

Did you lose money with financial advisor Peter Girgis, formerly of Legend Securities? If so, you may be able to sue Legend Securities in the Financial Industry Regulatory Authority (FINRA) arbitration forum. They may be liable for your financial losses because of their inability to properly supervise him. Please call 312-332-4200 to speak to an attorney about your options. We are securities attorneys who sue firms such as Legend Securities to recover money for retail investors.

Peter Girgis has complaints filed against him by customers for violating securities laws such as: making unsuitable investment recommendations, fraud, churning, breach of fiduciary duty and unauthorized trading. Girgis was registered with Joseph Stevens & Co. in Brooklyn, New York from July 2002 until June 2004, Gunnallen Financial in Staten Island, New York from June 2004 until August 2006, J.P. Turner & Co. in Staten Island from August 2006 until November 2009, Brookstone Securities in Staten Island from October 2009 until June 2012 and Joseph Gunnar & Co. in Staten Island from June 2012 until June 2013. He is currently registered with Legend Securities in New York, New York and has been since August 2013. He has three customer disputes against him.

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