Articles Tagged with Dawson James Securities

AdobeStock_198259345-300x200Stoltmann Law Offices is interested in speaking to those individuals who may have suffered investment losses with Westpark Capital broker Patrick Maddren. Maddren has been subject to two customer disputes that allege false representations, excessive trading, unauthorized trading, unsuitable recommendations, and breach of contract. A separate complaint alleges unauthorized trading in a customer’s account. Maddren has been subject to two tax liens, according to his online, BrokerCheck report with the Financial Industry Regulatory Authority (FINRA).
These are all against securities laws and internal firm rules and Patrick Maddren’s brokerage firm, Westpark Capital, may be liable for investment losses, because the firm has a duty to reasonably supervise its brokers so they do not violate securities laws. If the brokerage firm does not, and the broker is guilty of misconduct, the firm may be sued in the FINRA arbitration forum on a contingency fee basis.
Patrick Maddren was previously registered with Dawson James Securities in Boca Raton, Florida from August 2009 until August 2012 and Laidlaw & Company in Ft. Lauderdale, Florida from August 2012 until September 2017. He is currently registered with Westpark Capital in Ft. Lauderdale and has been since August 2017. He has two customer complaints against him and two judgments/liens.

 

AdobeStock_112181284-1-300x200Recently, Dawson James Securities in Boca Raton, Florida, was censured and fined $75,000 for alleged supervisory failures relating to research and private offerings and the supervisory failures led to rule violations in both areas. The Financial Industry Regulatory Authority (FINRA) stated that the firm did not adopt or implement written supervisory procedures designed to ensure that research analysts did not participate in efforts to solicit investment banking business. Their Written Supervisory Procedures (WSPs) were not reasonably designed to ensure compliance with the disclosure requirements of the research rules. These are all against securities rules and regulations. If you have experienced losses due to the actions or recommendations of Dawson James Securities or any of its brokers, please contact our securities attorneys at 312-332-4200 today to find out how you may be able to recover those losses on a contingency fee basis. The call to us is free with no obligation.

 

Stoltmann Law Offices is investigating Marc Kalter, a broker with Dawson James Securities in New York, New York. According to complaints made against him with the Financial Industry Regulatory Authority (FINRA), Kalter allegedly made unsuitable investments, participated in unauthorized trading, breach of fiduciary duty, fraud, negligence and churning, among other things. Churning, or excessive trading, is a tactic used by brokers to generate large commissions for themselves. It is against securities rules and regulations and often results in costing the investor large fees. Please call our Chicago-based securities law firm today at 312-332-4200 to speak to one of our attorneys if you suffered losses with Marc Kalter. We may be able to bring a claim against Dawson James Securities for not reasonably supervising him and allowing him to churn accounts. The call is free with no obligation. We take cases on a contingency fee basis only.

Kalter was registered with Smith Barney, Stratton Oakmont, Windsor Reynolds Securities, Biltmore Securities, Monitor Investment Group, Meyers Pollock Robbins and Woodstock Financial Group. He is currently registered with Dawson James Securities in New York, New York and has been since February 2016. He has six customer disputes against him, two of which are currently pending.

Did you lose money with Steven Colacurcio of Dawson James Securities in Boca Raton, Florida? If so, the attorneys at Stoltmann Law Offices may be able to help. Please call 312-332-4200 today for a free consultation with one of our attorneys. There is no obligation. We may be able to help you bring legal action against his firm Dawson James Securities in the arbitration forum. We take cases on a contingency fee basis so there is not payment for us if you don’t recover money.

Colacurcio was accused of misrepresenting material facts related to a variable annuity product, misleading and other securities rules violations. According to his records, he was registered with G.K. Scott in Plainview, New York, Great Western Financial Securities Corp in Northridge, California, WM Financial Services, Wahovia Securities in St. Louis, Missouri, Suntrust Investment Services in Boynton Beach, Florida and Raymond James in Boynton Beach. He is currently registered with Dawson James Securities in Boynton Beach. He has six customer disputes against him.

Stoltmann Law Offices is investigating Paul DiPietro, a broker with Dawson James Securities in Boca Raton, Florida. DiPietro has been accused of using margin in an account without authorization, and recommending unsuitable trades. These are against securities rules and regulations. Using margin without authorization in a customer account is particularly egregious, because that can lead to excessive commissions generated for the customer, and these are against securities rules and regulations. DiPietro was registered with Global Capital Markets, Global Capital Securities Corp, Harrison Securities, KSH Investment Group, Brockington Securities, Shelman Securities Corp, Gunnallen Financial Inc., Chicago Investment Group and Investors Capital Corp. He is currently registered with Dawson James Securities in Boca Raton, Florida and has been since January 2012. He has seven customer disputes against him. Please call our securities law firm today to speak to an attorney about your losses and how to recover them in the Financial Industry Regulatory Authority (FINRA) arbitration process. We may be able to help you reclaim your investment losses on a contingency fee basis.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Steven Paul Calcurcio was accused of exercising discretionary power in a customer’s account, without obtaining prior written authorization from the customer and without having the account accepted as a discretionary account by his employing member firm, Dawson James Securities. This is against securities rules and regulations. For this, he was suspended for 15 business days and fined $5,000. If you or someone you know has suffered losses with Steven Paul Calcurcio, please call our Chicago-based securities law firm today to speak to an attorney about how you may be able to sue his firm, Dawson James Securities in the FINRA arbitration forum. They may be liable for investor losses because of their failure to reasonably supervise their brokers, such as Calcurcio. We take cases on a contingency fee basis only.

The Financial Industry Regulatory Authority (FINRA) banned Lighthouse Point, Florida resident, Edmond Harris from the securities industry. He was accused of improperly using discretionary trading authority in customer accounts when he was associated with Miami-based Ladenburg Thalman & Co.

Aldo Comuzzi, a Boca Raton, Florida resident, was also banned from the industry by FINRA after allegedly engaging in excessive trading and using improper discretion without written approval in trading when he was registered with Dawson James Securities.

Alejandro Marin Aigster agreed to a ban from the securities industry after an investigation into whether he had an involvement in an unapproved loan when he was registered with Mercantil Commercebank Investment Services in Coral Gables, Florida.

Stoltmann Law Offices is investigating Jonah Engler, a former registered representative with HFP Capital Markets in New York, New York from February 2009 until October 2013. Engler is alleged to have sold $3 million worth of Senior Secured Zero Coupon Notes issued by Metals, Milling and Mining LLC in a private placement offering to 59 customers. A private placement a security sold to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. The placement does not have to be registered with the Securities and Exchange Commission (SEC). In many cases, detailed financial information is not disclosed, and, many times, the average investor is only made aware of the placement after it has occurred. The sale of private placements is commonly referred to as “selling away,” which is when a broker sells a security that is not approved for sale by his member firm. Selling away is against Financial Industry Regulatory Authority (FINRA) rule.

Mr. Engler, along with four other representatives, Brett Ian Friedberg, Jonathan Michael Sheklow (a/k/a John James Carter), Joshua William Turney and Hector Perez (a/k/a A. Bruce Johnson) fraudulently sold the notes and misrepresented material facts about the offering. They promised investors returns of up to 100% in one year. The investors involved lost all of their money, save for three, who were paid with funds garnered by new investors. None of the brokers conducted an investigation into the validity and legitimacy of the notes, when they were duly obligated to do so. The notes were misrepresented because the company did not own collateral that they claimed to own. Ore concentrate used that was supposed to serve as collateral was almost worthless. The brokers also failed to do their due diligence in the company, and investing in the company, thereby not being able to relay this information to possible and actual investors. In addition, Mr. Engler allegedly was paid $272,000 from the proceeds of the sale of the private placement. This was a loan paid on a promissory note and was for the financial gain of Mr. Engler himself and not for the business plan of the sale.

Jonah Engler was registered with Gunnallen Fianancial, Inc., Spencer Clarke LLC, First Republic Group, Dawson James Securities, HFP Capital Markets and Global Arena Capital Corp. He has 15 customer disputes against him, one of which is currently pending. He is not licensed within the industry and FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

Stoltmann Law Offices is investigating Niaz Elmazi, a former broker-dealer with HFP Capital in Arkansas. Elmazi was recently sued by the Arkansas Securities Commissioner for allegedly contacting an Arkansas resident on a cold call recommending the purchase of certain corporate bonds issued by Verso Paper Corp. Elmazi pitched the bonds as a short-term investment and represented that a takeover of the company by its competitor was imminent. He suggested that it would allow Verso bondholders to make a 70% profit on the investment in the next six weeks. Verso bonds were rated as highly speculative. Broker-dealers such as Niaz Elmazi are required to perform due diligence on any investment they recommend and must ensure that all recommendations are suitable for the investor. If they fail to do so, they may be liable for investment losses. Please call us at 312-332-4200 to speak to an attorney to find out how to sue Niaz Elmazi.

Elmazi was registered with Morgan Wilshire Securities, U.S. Securities & Futures, First Republic Group, Raymond James, Murjen Financial, First Montauk Securities, Dawson James Securities, HFP Capital Markets and Global Arena Capital Corp. He has one customer dispute against him. He is not currently registered with any member firm and not licensed within the industry.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information