The Financial Industry Regulatory Authority (FINRA) has barred former Comprehensive Asset Management broker Pamela Shuttleworth, from the securities industry. Ms. Shuttleworth had violated securities laws and internal firm rules. Ms. Shuttleworth failed to respond to a FINRA investigation against her, which resulted in her automatic bar. FINRA was investigating her regarding allegations that she was the supervisor responsible for monitoring the emails of a former representative of her brokerage firm, Comprehensive Asset Management. Pamela Shuttleworth was a registered representative of Comprehensive Asset Management and Servicing from December 2014 until June 2017. She worked in the Parsippany, New Jersey branch. Comprehensive may be liable for losses in the FINRA arbitration forum because the firm had a duty to reasonably supervise Shuttleworth while she was employed there. We take cases on a contingency fee basis only.
Did your broker recommend to you Behavioral Recognition Systems (BRS) investments? If so, the attorneys at Stoltmann Law Offices are interested in speaking to you about those losses. BRS was a software development company previously known as Giant Gray. BRS turned out to be an investment fraud scam. It raised tens of millions of dollars from investors, but its owner, Ray Davis, allegedly misappropriated a good portion of the funds. BRS was a software development company based in Houston, Texas that focused on technology that could analyze video content by imitating learning and memory processes of the human brain. The Securities and Exchange Commission (SEC) recently filed a complaint against BRS alleging that its financial statements for 2013 showed that the company was in bad financial condition. Yet, the firm solicited over $28 million from investors in seven equity security offerings between January 2013 and July 2015.
Brokers who recommended this investment may not have done their due diligence on it, which they are required to do before recommending or selling the investment. They do so to make sure it is suitable for every investor based on his age, net worth, investment sophistication and risk tolerance, among other factors. If they do not, their brokerage firms may be liable for investment losses. A broker with Comprehensive Asset Management and Servicing (CAMAS), Ms. Tamara Steele, was recently alleged to have sold unsuitable investments in BRS.
According to public records published by the Financial Industry Regulatory Authority (FINRA), former Comprehensive Asset Management broker Jeffrey Sica was accused of recommending unsuitable investments in oil and gas securities, exchange-traded funds and other products, breaching fiduciary duty. He allegedly provided misinformation connected to investments in the Refco S&P managed futures fund that were frozen due to a bankruptcy stemming from “massive fraud” by one of Refco’s principals, among other things. These are all against securities rules and regulations.
According to his online FINRA BrokerCheck report, Sica was registered with The Equitable Life Assurance Society in New York, New York from March 1994 until July 1994, Equico Securities in New York from March 1994 until July 1994, Ryan, Beck & Co. in Florham Park, New Jersey from July 1994 until April 1997, A.G. Edwards & Sons in Morristown, New Jersey from March 1997 until January 2008, Wells Fargo Advisors in Morristown from January 2008 until June 2010 and Comprehensive Asset Management in Parsippany, New Jersey from June 2010 until August 2010. He has 12 customer disputes against him.
Please call our law firm today at 312-332-4200 for a free consultation with one of our attorneys about how you may be able to recover your investment losses with Sica by bringing a claim against Comprehensive Asset Management in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.