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Articles Tagged with Edwards Sons

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Stoltmann Law Offices is interested in speaking to those investors who may have invested money with Cheryle Anne Brady, a former broker with Ameriprise Financial in Hingham, Massachusetts. Ms. Brady was assessed a deferred fine of $7,500 and suspended by the Financial Industry Regulatory Authority (FINRA) for allegedly falsely stating to her member firm that she had contacted clients prior to trades being placed. She allegedly placed trades in her clients’ accounts without first obtaining the clients’ approvals. Allegedly, a member of her sales supervision team sent her an email containing a list of the trades and inquired if Brady had spoken with each client on that day. Brady responded that she had spoken to each of the clients, and, after each call, had instructed her sales assistant to place the trades. Later, she admitted she did not speak to the clients before the trades were placed. This is against securities laws and internal firm rules.

According to her online BrokerCheck report with FINRA, Ms. Brady was previously registered with Pioneer Funds Distributor in Boston, Massachusetts from January 1993 until May 1993, Linsco/Private Ledger in Boston from June 1993 until March 1994, A.G. Edwards & Sons in St. Louis, Missouri from January 1995 until May 1997, UBS Painewebber in Weehawken, New Jersey from June 1997 until March 2002, RBC Capital Markets in Norwell, Massachusetts from March 2002 until February 2012 and Ameriprise Financial Services in Hingham, Massachusetts from January 2012 until October 2016. She has three customer disputes against her. She is not currently registered as a broker and has been suspended from the industry.

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Stoltmann Law Offices is interested in speaking to those investors who may have invested with Aileen Eppig, a former broker with International Assets Advisory in Orlando, Florida. Ms. Eppig was accused of recommending unsuitable investments, executing excessive trades, exercising unlawful discretion and negligently misrepresenting material facts. These are all against securities laws. On a separate occasion, she “accepted loans from a customer totaling $103,000 and failed to disclose a 2013 judgment for $704,843.70,” which are also against securities laws. For these, she was barred from the industry.

According to her online BrokerCheck report with the Financial Industry Regulatory Authority (FINRA), Ms. Eppig was registered Prudential Securities Inc. in New York, New York from April 1978 until January 1995, A.G. Edwards & Sons in Smithtown, New York from January 1995 until January 2008, Wells Fargo in Smithtown from January 2008 until May 2009, Stifel, Nicolaus & Company in Hauppauge, New York from May 2009 until October 2015 and International Assets Advisory in Orlando, Florida from March 2016 until May 2016. She has two customer disputes against her and has been permanently barred from the industry. Please call our securities law firm in Chicago at 312-332-4200 today for a no-cost, no-obligation consultation.

 

 

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Stoltmann Law Offices is investigating Ciro Cavazos, a former Raymond James advisor. He was recently terminated from the firm. He allegedly borrowed money from a client without providing disclosure to Raymond James. Cavazos also allegedly misrepresented material facts related to an investment, and made unauthorized withdrawals that resulted in a tax liability. If you have lost money investing with Ciro Cavazos, also known as Nicholas Cavazos, please call our securities law firm at 312–332–4200 to speak to an attorney. The call is free. We may be able to help you bring a claim against his former firm, Raymond James. Cavazos was registered with Merrill Lynch in Chico, California from October 2007 until November 2007, A.G. Edwards & Sons in Paradise, California from October 2001 until January 2008, Wachovia Securities in Chico from January 2008 until November 2008, Edward Jones in Paradise from October 2008 until July 2011 and Raymond James in Chico from July 2011 until March 2016.

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Andrew Corbman has been the subject of at least two customer complaints over allegations of securities law violations that include unsuitable investment recommendations, overconcentration of investments and violations of industry rules among other claims. Some of the securities in question include leveraged and non-traditional exchange traded funds (ETFs). The Financial Industry Regulatory Authority (FINRA) also found that Corbman distributed a sales brochure for an alternative mutual fund to his customers that contained information that was misleading and failed to provide a sound basis for evaluating the alternative mutual fund. In February 2016, FINRA settled a regulatory action against Corbman alleging that he made recommendations that were unsuitable and over-concentrated and exposed customers to a risk loss that exceeded each customer’s risk tolerance and investment objectives. As a result, FINRA suspended Corbman for one month.

Corbman was registered with RAF Financial Corp, A.G. Edwards & Sons, Morgan Stanley, ING Financial Partners, FSC Securities, Kovack Securities and Newbridge Securities in Lansdowne, Virginia from November 2015 until March 2016. He has nine customer disputes against him, two of which are currently pending. He is not licensed within the industry and not registered with any firm.

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Stoltmann Law Offices is investigating David Newman, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Newman was accused of participating in undisclosed private securities transactions by introducing a married couple and two other individuals to an outside investment between the fall of 2012 and the spring of 2015. During this time, Newman was registered with First Western Securities during this time period, from April 1, 2008 until January 5, 2016, which is when he was terminated.

The couple Newman convinced, invested a total of more than $895,000 in the outside investment, and Newman received 10% in commissions from that investment. The investment turned out to be part of a fraudulent scheme perpetrated by another individual. The couple was retired. For this, Newman was suspended from the industry for 15 months and fined $15,000. He was also ordered to disgorge the financial benefits received to be paid to FINRA in the amount of $89,500 plus interest.

David Newman was registered with A.G. Edwards & Sons in St. Louis, Missouri from September 1985 until April 1992, Raymond James in Duncan, Oklahoma from April 1992 until April 2008 and First Western Securities in Duncan from April 2008 until January 2016. He has one customer dispute against him and is not licensed within the industry, according to his online FINRA BrokerCheck report. If you invested money with David Newman, you may be able to sue his former firm, First Western Securities. Please call us for a free consultation with an attorney today. 312-332-4200.

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Stoltmann Law Offices is investigating Gary Allen Graham, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Mr. Graham was accused of borrowing $15,00 from a firm customer when he was registered with Wedbush Securities, and this is against securities rules and regulations. For this he was suspended from the industry for 45 calendar days and fined $5,000. According to his FINRA online BrokerCheck report, Graham was registered with First Investors Corp, Waddell & Reed, Dean Witter Reynolds, Merrill Lynch, A.G. Edwards & Sons, Prudential Securities Inc., Wachovia Securities, Crowell, Weedon & Co. and Wedbush Securities in Ontario, California from August 2011 until May 2015. He is currently registered with Calton & Associates in Huntington Beach, California and has been since July 2015. He has one customer dispute against him. You may be able to sue his former firm, Wedbush Securities, in the FINRA arbitration claims process on a contingency fee basis if you call our Chicago-based securities law firm today to speak to an attorney for free.

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Stoltmann Law Offices is investigating Ronald W. Nichter, a former investment advisor from Pendleton, Indiana, who was sentenced to one year in federal prison for his role in a scheme that defrauded investors out of $160,000. He was convicted on eight counts of mail fraud. Nichter allegedly withdrew client funds from their accounts for his personal use. Beginning in October 2009, Nichter allegedly created false documents with forged client signatures requesting that the funds be withdrawn from their investment accounts. The checks were then sent to Nichter and he deposited them into his own bank account.

According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, he was registered with Edward Jones in St. Louis, Missouri from December 1998 until November 2004, A.G. Edwards & Sons in St. Louis from November 2004 until February 2006 and Cantella & Co. in Pendleton, Indiana from February 2006 until April 2013. He is not currently registered with any member firm and he has two customer disputes against him. He is not licensed within the industry and FINRA has permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

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Stoltmann Law Offices is investigating Andrew Scott Corbman, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Corbman is accused of allegedly making unsuitable investment recommendations that were inconsistent with the customers’ investment objectives and risk tolerances and resulted in over-concentration of their liquid net worth in these investments from April 2009 through June 2009. Corbman also allegedly recommended to customers who were a married couple to purchase unsuitable highly risky leveraged, inverse Exchange-Traded Funds (Non-Traditional ETFs). And in March 2010, Crobman recommended to an elderly customer with a conservative risk tolerance to purchase an unsuitable and risky alternative mutual fund with no operational history. He also allegedly distributed a sales brochure for an alternative mutual fund to at least 10 of his customers that contained information that was misleading. These are all against securities rules and regulations.

A broker has a duty to recommend suitable investments for his clients, based on the client’s age, net worth and investment objective, among other factors. If he does not, his brokerage firm can be held liable for investment losses because it is responsible for supervising him. If you lost money with Andrew Scott Corbman, please call our securities law firm in Chicago to speak to an attorney about your losses. The call is free. We may be able to help you sue his firm, Newbridge Securities, in the Financial Industry Regulatory Authority (FINRA) arbitration forum.

According to Corbman’s online FINRA BrokerCheck report, he was registered with RAF Financial Corporation in Denver, Colorado from July 1994 until October 1997, A.G. Edwards & Sons in St. Louis, Missouri from October 1997 until May 2000, Morgan Stanley in Purchase, New York from May 2000 until December 2002, ING Financial Partners in Des Moines, Iowa from December 2002 until June 2004, ING Financial Partners in Ashburn, Virginia from July 2004 until March 2008, FSC Securities Corp in Ashburn from February 2008 until January 2011 and Kovack Securities in Lansdowne, Virginia from January 2011 until November 2015. He is currently registered with Newbridge Securities in Landsdowne and has been since November 2015. He has seven customer disputes against him, one of which is currently pending.

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Stoltmann Law Offices is investigating Jacob T. Turner, a former registered representative with Securities America. Turner is no longer registered or associated with a Financial Industry Regulatory Authority (FINRA) member firm. He recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA. According to his AWC, Turner allegedly recommended and effected 39 short-term Unit Investment Trust (UIT) transactions. UITs are typically intended for longer-term investments, but Turner only held them for 143 days. Because of the transactions, his customers incurred additional sales charges and suffered losses of $10,635.78. For this, Turner was fined $5,000, suspended from the industry for three months and was ordered to pay restitution to the customers in the amount of $10,635.78, plus interest.

According to his online BrokerCheck report, Turner was registered with A.G. Edwards & Sons in St. Louis, Missouri, from March 2004 until April 2005, Merrill Lynch in Charlottesville, Virginia from April 2005 until October 2007, Wells Fargo Advisors in Charlottesville from September 2007 until June 2010, Cambridge Investment Research in Charlottesville from June 2010 until April 2013, Securities America in Charlottesville from March 2013 until April 2013 and International Assets Advisory in Orlando, Florida from May 2013 until June 2014. He has two customer disputes against him and he is not licensed within the industry.

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Kevin Wanner, a former broker with Questar Capital Corp in Bismarck, North Dakota, was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA) for failing to respond to an investigation. The investigation was regarding allegations that he misappropriated or stole money from his clients. This is against securities rules and regulations, and his former firm, Questar Capital, can be sued in the FINRA arbitration process for not supervising Wanner while he worked there. The firm may be responsible for investment losses because it can be held liable for broker’s actions and transgressions. Please call our law firm at 312-332-4200 to speak to an attorney about your options. The call is free. We take cases on a contingency fee basis only.

According to Wanner’s online FINRA BrokerCheck report, he was registered with Amev Investors, F&G Securities, John G. Kinnard and Company, Edward D. Jones, A.G. Edwards & Sons, Anchor National Financial Services, SunAmerica Securities, Merrill Lynch, LM Financial Partners, Raymond James, USAllianz Securities, Questar Capital in Bismarck, North Dakota from May 2004 until December 2006, and Woodbury Financial Services. 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.

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