Articles Tagged with First Heartland Capital

Stoltmann Law Offices continues to investigate Tye C. Williams, a former broker with Next Financial Group in Frisco, Texas. Williams consented to a sanction with the Financial Industry Regulatory Authority (FINRA) and entered into a Letter of Acceptance, Waiver and Consent (AWC). Williams was accused of converting more than $1,000,000 from customer’s accounts, made unsuitable investment recommendations and engaged in unauthorized transactions and mismanaged assets. He also failed to produce documents and information after FINRA repeatedly requested him to do so regarding a customer complaint. These are all against securities rules and regulations.

According to his online FINRA BrokerCheck report, Williams was registered with Advantage Capital Corp in Atlanta, Georgia, from April 1986 until January 1993, Washington Square Securities in Des Moines, Iowa from January 1993 until December 1997, Mutual Service Corp in Houston, Texas from August 1996 until June 2006, First Heartland Capital in Houston from June 2006 until November 2008 and Next Financial Group in Frisco, Texas from November 2008 until August 2016. He has two customer disputes against him which are currently pending and has been permanently barred from the industry.

Please call our Chicago-based securities law firm today at 312-332-4200 if you suffered losses with Tye C. Williams. His former firm, Next Financial, may be responsible for losses and can be sued in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.

Did you lose money with Nick Morgan, formerly of First Heartland Capital? Stoltmann Law Offices is investigating Mr. Morgan for securities violations. Allegedly, he had customers sign blank forms on at least 26 occasions and kept them in files, which is in violation of securities laws. For this, he was fined $5,000 and suspended from the industry for five months by the Financial Industry Regulatory Authority (FINRA). Brokerage firms have the responsibility to adequately supervise all representatives who are registered through their firm. They also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as firm policies. If the firm does not, it can be liable for investment losses. Please call us today to speak to an attorney if you lost money with Nick Morgan. We may be able to help you recover your losses by bringing legal action against First Heartland Capital on a contingency fee basis.

Nick Morgan was registered with Signator Investors in Ridgeland, Mississippi from April 2000 until February 2015 and Kovack Securities in Ridgeland from February 2015 until June 2015. He is currently registered with First Heartland Capital in Jackson, Mississippi and has been since September 2015. He has one customer dispute against him.

Stoltmann Law Offices is investigating Jerome Krause, a former registered representative with First Heartland Capital in Menomonee Falls, Wisconsin. Allegedly, Mr. Krause borrowed funds without authorization, executed unauthorized trades and “used his position of trust and the Claimants’ vulnerability as older adults to siphon money from them under the guise of ‘loans’ as part of a false and fraudulent scheme.” He also allegedly “borrowed a total of $51,000 from two customers” in violation of firm policy. For this, he was fined $15,000 and suspended for two months. He also mismanaged an account. These are all against securities rules and regulations. Mr. Krause was registered with Thrivent Investment Management in Minneapolis, Minnesota from June 1987 until September 2005 and First Heartland Capital in Menomonee Falls, Wisconsin from August 2005 until February 2012. He is not currently registered with any Financial Industry Regulatory Authority (FINRA) firm and is not licensed within the industry. Please call us today for a free consultation as to whether you may be able to bring a claim against Krause’s former firm, First Heartland Capital, for investment losses. 312-332-4200.

Stoltmann Law Offices is investigating Jerome Krause, a former broker with First Heartland Capital. Krause has been ordered by the Financial Industry Regulatory Authority (FINRA) to pay $600,000 in damages to an elderly couple after he allegedly took money from them. Both of his clients were in their 80s and claimed Krause used his position of trust and their vulnerability as elderly, to take more than $150,000 from them, saying the money would be loans. Allegedly, Krause ended up borrowing more than $150,000 from 2010 until 2014, liquidating some of their investments so he could finance the loans. This was done without the couple’s knowledge or consent. It was also alleged that First Heartland Capital, Krause’s broker-dealer, failed to supervise him, allowing him to steal the money. Krause was also accused of borrowing from another client by liquidating a variable annuity. Krause was terminated from the firm in 2012 after this accusation. It is for these reasons that First Heartland Capital may be responsible for any money losses you may have suffered because of Mr. Krause. Please call our securities law firm in Chicago today to speak to one of our attorneys about your options of recovering your money in the FINRA arbitration forum. We take all cases on a contingency fee basis and the call to us is free. We may be able to help you bring legal recourse against First Heartland Capital.

According to his online FINRA BrokerCheck report, Mr. Krause was registered with Thrivent Investment Management in Minneapolis, Minnesota from June 1987 until September 2005 and First Heartland Capital in Memomonee Falls, Wisconsin from August 2005 until February 2012. He has two customer disputes against him and is not licensed within the industry. 312-332-4200. Please call today as there is a statute of limitations on most of these cases.

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