Articles Tagged with Citigroup Global Markets

According to a recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), John Bocchino and Rafael Jacinto were accused of engaging in a scheme to circumvent Morgan Stanley’s policies restricting trade in Venezuelan bonds. To do so, the men used fictitious nominee accounts that appropriated trades in the accounts and falsified firm documents. As a result of this, both men were able to trade approximately $190 million in Venezuelan bonds. Both men were registered representatives of Morgan Stanley in the New York City office. Both men were terminated from the firm as this was against securities rules and regulations.

John Bocchino was registered with JP Morgan Securities in New York from July 1998 until October 2000, Citigroup Global Markets in New York from February 2001 until June 2009 and Morgan Stanley in New York from June 2009 until March 2012. He is currently registered with UBS in New York and has been since April 2012. He has one customer dispute against him. Jacinto was registered with The Golden, Lender Financial Group in New York from April 1999 until July 1999, TD Waterhouse Investor Services in Omaha, Nebraska from July 1999 until November 2002, Citigroup Global Markets in New York from February 2004 until June 2009 and Morgan Stanley in New York from June 2009 until March 2012. He is currently registered with UBS in New York and has been since April 2012.

If you lost money with John Bocchino or Rafael Jacinto, please call our law offices in Chicago, Illinois today to speak to an attorney for free. We may be able to help you bring a case against Morgan Stanley in the FINRA arbitration forum to recover your investment losses. Morgan Stanley may be responsible for losses on a contingency fee basis. Call today. The call is free with no obligation.

Stoltmann Law Offices is investigating Joanne Astle, a broker with California-based Commonwealth Financial Network in San Diego. According to her online, public Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Astle was alleged to have executed unauthorized trades, engaged in excessive trading involving closed-end funds and misrepresented and omitted material facts related to an investment. These are all against securities rules and regulations. Astle was registered with Dean Witter Reynolds, Smith Barney, Harris Upham, Drexel Burnham Lambert Inc., Sutro & Co., Prudential Securities Inc., Citigroup Global Markets, Merrill Lynch and Raymond James. She is currently registered with Commonwealth Financial Network in San Diego, and has been since August 2015. She has four customer disputes against her. Please call our Chicago-based securities law firm today to speak to an attorney for a free consultation about your options of suing Commonwealth in the FINRA arbitration forum. The call to us is free with no obligation. 312-332-4200.

The Financial Industry Regulatory Authority (FINRA) public records state that Joseph Zenker, registered representative with Raymond James, has received settled or pending customer complaints. Customers have alleged that Zenker breached his fiduciary duty, acted negligently, breached contract, made unsuitable investment recommendations, misrepresented and omitted material facts, committed fraud and violated Louisiana Blue Sky Law, among other transgressions. These are all against securities laws and regulations. Zenker was registered with NYLife Securities in New York, New York from February 1996 until November 1999, The Equitable Life Assurance Socirty of the United States in New York from November 1999 until January 2000, AXA Advisors in New York from November 1999 until August 2001 and Citigroup Global Markets in Nashville, Tennessee from August 2001 until April 2009. He is currently registered with Raymond James in Nashville and has been since March 2009. He has four customer disputes, one of which is currently pending.

Stoltmann Law Offices is investigating Cary Kievman, a broker with Ameriprise Financial Services. Kievman allegedly put a significant portion of a retired client’s portfolio into short positions in ETNs, leveraged inverse exchange traded products and concentrated positions in individual stocks and individual sectors. These positions were not suitable for the client. Kievman invested her money in a reckless fashion, and put her money into complex financial instruments, unsuitable for retail investors who plan to hold them for longer than one trading session. This was especially true in the highly volatile market. The client told Kievman that she would soon be retiring with a modest fixed income, and could not afford high risk investments. A broker must take into account a customer’s age, net worth, investment sophistication and portfolio before making investments on their behalf. If he does not, his brokerage firm may be liable for losses.

Kievman was registered with UBS Financial Services in Weehawken, New Jersey from January 1999 until September 2005, Citigroup Global Markets in Woodland Hills, California from September 2005 until February 2011 and Morgan Stanley in Woodland Hills from February 2011 until January 2012. He is currently registered with Ameriprise in Westlake Village, California and has been since January 2012. He has four customer disputes against him, one of which is currently pending. Please call our law offices today if you invested money with Cary Kievman.

According to publicly available records by the Financial Industry Regulatory Authority (FINRA) it is indicated that Citigroup Global Markets registered broker Owen Watstein, recommended unsuitable holdings and “collected fees on an ‘account that was not even monitored,’” was responsible for a “high risk” account breakdown and mishandled accounts, among other violations of securities laws. According to his online publicly available FINRA BrokerCheck report, Watstein was registered with Lehman Brothers in New York, New York from March 1993 until July 1993, Painewebber Inc. in Weehawken, New Jersey from August 1993 until June 1996, Schonfeld Securities in Jericho, New York from July 1996 until August 1997 and Citicorp Investment Services in New York from March 1998 until May 2007. He is currently registered with Citigroup Global Markets in New York and has been since May 2007. He has three customer disputes against him, one of which is currently pending. If you would like to bring a claim against Owen Watstein for investment losses, please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney for free. You may be able to sue Citigroup Global in the FINRA arbitration forum on a contingency fee basis, which means we do not make money unless you recover yours. Please call today as time is of the essence.

According to an Order Accepting Offer of Settlement with the Financial Industry Regulatory Authority (FINRA), John Joseph Arnold, a former broker with Merrill Lynch, was accused of securities law violations. Arnold was terminated from Merrill Lynch on June 17, 2016. Allegedly, in August 2013, a customer of the firm requested that two wire transfers totaling $127,200 be sent to third-party bank accounts. Arnold instructed a sales assistant to process the wire requests, telling her that the transaction had been verbally confirmed with the customer. It had not, and Arnold had not spoken with the client about it. Arnold then allegedly entered additional fictitious information in the firm’s books concerning the purpose of the wire request. Arnold also split up the wire requests so as not to have to obtain specific documentation regarding it, as is required by Merrill Lynch with transfers totaling over $50,000. For this, he was fined $15,000 and suspended from the industry for 60 days.

John Joseph Arnold was a registered broker with Montgomery Securities in San Francisco, California from May 1997 until October 1997, Banc of America Securities in New York, New York from October 1997 until December 2001, Citigroup Global Markets in Irvine, California from December 2001 until July 2008, Merrill Lynch in Newport Beach, California from June 2008 until September 2013 and Raymond James in Newport Beach from November 2013 until June 2016. He is not currently registered with any firm and not licensed. Call us today at 312-332-4200 if you would like to speak to an attorney for free about your options of recovering your financials with John Joseph Arnold and his former firm, Merrill Lynch. Merrill Lynch can be sued in the FINRA arbitration process on a contingency fee basis.

Stoltmann Law Offices is investigating Glenn Robert King, who was accused of engaging in misconduct while associated with Royal Alliance Associates, Inc. According to a recent Disciplinary Proceeding by the Financial Industry Regulatory Authority (FINRA), King fraudulently misrepresented and omitted material facts during securities sales to seven customers, engaged in unsuitable and excessive short-term trading of long-term investment products in the accounts of four customers and exercised discretion in the accounts of four customers without written consent and firm approval. For these transgressions, he was barred from the industry. Any customer who lost money with Glenn Robert King is urged to call our Chicago-based law offices to speak to an attorney about his options of suing King’s former firm, Royal Alliance. Royal Alliance had a duty to reasonably supervise him while he was employed there, and, because the firm did not, may be responsible for client losses. 312-332-4200. The call is free.

King was registered with Thomas James Associates, Dean Witter Reynolds, Citigroup Global Markets, Royal Alliance Associates in Lakewood, New Jersey from January 2005 until June 2011, Saxony Securities, Garden State Securities and Buckman, Buckman & Reid. He is not currently registered with any firm and has been permanently barred from the industry. He has 21 customer disputes against him, three of which are currently pending.

Stoltmann Law Offices is interested in speaking to investors who may have invested money with Charles Frieda, a broker with Wells Fargo Advisors in Irvine, California. We are launching an investigation into whether Frieda made unsuitable concentrations in small cap energy sector securities. He currently has one or more complaints concerning this on his record. According to this record, Frieda was registered with Citigroup Global Markets in Brea, California from May 2008 until June 2009, and Morgan Stanley in Brea from June 2009 until October 2012. He is currently registered with Wells Fargo in Irvine, and has been since October 2012. He has 18 customer disputes against him, seven of which are currently pending. Please call our Chicago-based securities law offices if you wish to sue Wells Fargo for Frieda’s alleged misconduct in the arbitration process. We take cases on a contingency fee basis, so we only make money if you recover yours.

Did you invest money with Noyeg Arkoian and US Bancorp Investments? If so, the securities attorneys at Stoltmann Law Offices are interested in speaking to you. You may be able to bring a claim against US Bancorp Investments for failing to reasonably supervise their registered representatives such as Noyeg Arkoian, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) for allegedly accepting three separate loans from two firm customers, collectively totaling $17,750. This is against securities rules and regulations. In February 2014, Arkoian accepted a loan of $15,000 from one of her customers at the firm. In October 2014 and May 2015, she allegedly accepted loans of $2,000 and $750, respectively, from another customer. For this, she was suspended from the industry for three months and fined $5,000.

According to her online FINRA BrokerCheck report, Arkoian was registered with Cal Fed Investments, WM Financial Services, Citicorp Investment Services, Citigroup Global Markets, Wells Fargo Investments, Western International Securities, UnionBanc Investment Services and U.S. Bancorp Investments in Las Vegas, Nevada from June 2012 until July 2015. She has two customer disputes against her. Please call our securities law offices today in order to speak to an attorney for free about your options of suing US Bancorp in the FINRA arbitration process on a contingency fee basis.

Stoltmann Law Offices is investigating Brian Lewis Pittman, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Pittman was accused of participating in private securities transactions, which were not approved by his then FINRA member firm. This is commonly referred to as “selling away” and is when a broker recommends or sells a security that is not held or offered by his member firm. It is used as a tactic to generate large commissions for the broker. It is against securities rules and regulations. Allegedly, on June 1, 2013, Pittman participated in a private securities transaction by referring a customer of an affiliated firm, to invest $100,000 in a promissory note by a petroleum company. He received compensation from the company of approximately $4,000. For this, he was fined $10,000 and suspended for six months from the industry.

According to his online BrokerCheck report, Pittman was registered with Robert W. Baird in Milwaukee, Wisconsin from December 1997 until November 2001, Citigroup Global Markets in New York, New York from November 2003 until February 2006, Suntrust Investment Services in Sarasota, Florida from March 2006 until July 2007, Pinnacle Brokerage Service in Charlotte, North Carolina from July 2007 until August 2007, JVB Financial Group in Boca Raton, Florida from August 2007 until October 2007, Bonds.Com in Naples, Florida from October 2007 until February 2010, Westport Resources Investment Services in Naples from February 2010 until October 2012 and Sabadell Securities in Miami, Florida from October 2012 until February 2014. He is not licensed within the industry and has one customer dispute against him.

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