Articles Tagged with Colorado

Stoltmann Law Offices is investigating Scott Cody, a Securities America broker in Denver, Colorado. Mr. Cody allegedly sold an unsuitable variable annuity product for the purpose of increasing his commissions. He also failed to follow instructions to liquidate an account before a wire transfer. These are against securities laws, and internal firm rules. Mr. Cody, according to the Financial Industry Regulatory Authority (FINRA), was previously registered with New England Securities in New York, New York from September 1997 until May 2004 and Hornor, Townsend & Kent in Denver, Colorado from May 2004 until August 2008. He is currently registered with Securities America in Denver, and has been since July 2008. He has two customer disputes against him.

Stoltmann Law Offices is investigating Kevin Dunnigan, a broker with Investment Centers of America. Dunnigan has been accused of making unsuitable investment recommendations, misrepresenting material facts related to a mutual fund investments, failed to disclose risks and commissions, acted negligently, omitted material facts and was censured and fined for his actions. These are all against securities rules and regulations. Mr. Dunnigan was registered with Integrated Resources Equity Corp from May 1984 until November 1989 and Royal Alliance Associates in New York, New York from November 1989 until December 1990. He is currently registered with Investment Centers of America in Loveland, Colorado and has been since December 1986. He has six customer disputes against him. Please call our securities law firm for a free consultation with an attorney if you lost money with Kevin Dunnigan. There is no obligation and we may be able to help you bring a claim against his firm, Investment Centers of America.

Stoltmann Law Offices is investigating Craig Hayward, a broker with Mid Atlantic Capital Corp in Lafayette, Colorado. Hayward allegedly made unsuitable investment recommendations and misrepresentations among other claims. Many of the claims involve direct participation products (DPPs) and private placements in oil and gas partnerships and non-traded real estate investment trusts, (REITs) and other alternative investments. These investments tend to be risky and illiquid investments that are not suitable for every customer. A broker must take into account a customer’s net worth, age, investment objectives and sophistication, among other factors, before recommending or selling these investments. If he does not do his due diligence, his brokerage firm may be responsible for investment losses because of its failure to properly supervise the broker. Call us today at 312-332-4200 to discuss your options of suing Mid Atlantic Capital Corp in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Hayward was registered with London Pacific Securities in Sacramento, California from June 1994 until May 2004 and is currently registered with Mid Atlantic Capital Corp in Lafayette, Colorado since May 2004. He has six customer disputes against him, two of which are currently pending.

Did you lose money with Kevin Dunnigan of Investment Centers of America in Loveland, Colorado? If so, the attorneys of Stoltmann Law Offices would like to speak with you about your investment losses. Dunnigan’s firm, Investment Centers of America, may be responsible for financial losses because of the firm’s inability to supervise him. We may be able to help you bring an arbitration claim against Investment Centers of America in the FINRA arbitration forum on a contingency fee basis. Dunnigan was accused of providing false and misleading information, making unsuitable investment recommendations and failing to conduct due diligence. He was also accused of misrepresenting material facts related to a mutual fund investment and failed to disclose risks and commissions. All of these are against securities rules and regulations. Dunnigan was registered with Integrated Resources Equity Corp from May 1984 until November 1989 and Royal Alliance Associates in New York, New York from November 1989 until December 1990. He is currently registered with Investment Centers of America in Loveland, Colorado and has been since December 1986. He has six customer disputes against him.

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.

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.

Robert Rotunno, a former registered representative with National Securities, has received five customer complaints and one pending customer complaint. He has been accused of engaging in churning, making unsuitable investment recommendations, breaching fiduciary duty, breaching contract, misrepresenting material facts, using margin without authorization, acting negligently, churning accounts and engaging in misconduct involving commission, among other things that are against securities rules and regulations.

Rotunno was registered with American Investment Services in Oklahoma City, Oklahoma from October 1999 until May 2000, Murphy & Durieu in New York, New York from May 2000 until December 2000, Global Capital Securities Corp in Englewood, Colorado from January 2001 until March 2002, Sands Brothers & Co. in New York from April 2002 until August 2004 and Laidlaw & Co in New York from August 2004 until February 2016. He is currently registered with National Securities in New York and has been since January of this year. Please call our Chicago-based securities law firm at 312-332-4200 to speak to one of our attorneys about your options of suing National Securities in the FINRA arbitration forum to recover your losses. The firm may be responsible for them.

Stoltmann Law Offices is investigating Linda Dowd, a former broker with WFG Investments. Dowd was accused by the Financial Industry Regulatory Authority (FINRA) of having a customer in New Mexico sign blank account distribution forms to effectuate verbal requests to make withdrawals. This was against securities rules and regulations. Dowd also falsely stated that the customer received the distribution requests by email, when, in fact, she did not. For this, FINRA fined her $5,000 and suspended her for one year.

Dowd was previously registered with Hanifen, Imhoff, Investors Center, The Stuart-James Company, Jesup, Josephthal Securities, DE Frey & Co., WFG Investments in Boulder, Colorado from September 1995 until February 2015, Securities Service Network from February 2015 until March 2015 and Royal Alliance Associates in Lakewood, Colorado from March 2015 until December 2015. She has one customer dispute against her.

John J. Avey, a former broker with BOSC Inc., was terminated recently from the firm. According to a Financial Industry Regulatory Authority (FINRA) disclosure, Avey, “when asked, admitted to knowingly submitting forms for processing with a signature for (name of client redacted) which were not in fact signed by (name of client redacted.)” This was the reason he was discharged from BOSC. Avey was registered with Merrill Lynch from May 1983 until March 1985, Dean Witter in Purchase, New York from February 1985 until May 1993, U.S. Clearing Corp in Dallas Texas from September 1993 until January 1994, CSB Investments Co. in Denver, Colorado from March 1994 until October 2004 and BOSC in Denver from May 2004 until January 2016. He is currently registered with First Financial Equity Corp in Greenwood Village, Colorado and has been since January 2016. He has two customer disputes against him. Please call our Chicago-based law offices today to speak to an attorney about your options of suing BOSC for investment losses sustained with John J. Avey. We may be able to help you bring a claim against the firm on a contingency fee basis.

According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Gregory Paul is not currently licensed to act as a broker or investment adviser. He has nine customer complaints against him, five of which are currently pending. The complaints allege that Paul made unsuitable investment recommendations, failed to conduct proper due diligence, failed to supervise, breached fiduciary guty, breached contract, misrepresented material facts and violated securities laws, among other things. These are all against securities laws and regulations.

Gregory Paul was registered with Consolidated Capital Securities from November 1984 until April 1986, Partnership Exchange Securities Company from May 1986 until June 1993, Churchill Securities in Suffern, New York from January 1994 until February 1994, First Associated Securities Group in Chico, California from May 1994 until October 1997, Gemisys Securities Corp in Centennial, Colorado from October 1997 until October 1999, Waddell & Reed in Overland Park, Kansas from December 2000 until January 2001, Omni Brokerage Inc. in South Jordan, Utah from December 2002 until April 2011 and Orchard Securities in Lehi, Utah from September 2006 until October 2015. He is not currently licensed and not associated with any member firm.

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