Articles Tagged with First Republic Group

Ray Gordos, a New York-based National Securities broker, received one regulatory sanction, six customer complaints and one pending customer complaint. In 2013, Gordos was sanctioned by the State of Massachusetts following allegations he was the subject of six customer complaints, including allegations of excessive trading, unauthorized trading, unsuitable recommendations and negligence. He was placed on conditional registration. He was also accused of other transgressions.

Gordos was registered with Ehrenkrantz King Nussbaum in Melville, New York from July 2003 until September 2003, Joseph Stevens & Company in Brooklyn, New York from September 2003 until June 2004, SW Bach in New York, New York from June 2004 until December 2005, First Republic Group in New York from January 2006 until May 2007 and John Thomas Financial in New York from May 2007 until January 2013. He is currently registered with National Securities Corp in New York and has been since December 2012. He has ten customer disputes against him, one of which is currently pending.

The Financial Industry Regulatory Authority (FINRA) barred former broker John Joseph Vaughan from the industry. In a disciplinary hearing against him, Vaughan was accused of failing to review the reasonableness of mark ups and mark downs charged on corporate bond transactions while he was employed at HFP Capital Markets. Vaughan also failed to appear for his on-the-record testimony before FINRA, therefore failing to provide sworn testimony related to the violations. HFP was accused of failing to adequately supervise its registered brokers. Because of this, HFP can be sued in the FINRA arbitration process, if you invested money with John Joseph Vaughan. Please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney. We can help you recover your financial losses.

Vaughan was registered with the following firms since 1986: Anchor National Financial Services, Inc., Vaughan and Company Securities, Inc., West America Securities Corp, Glenn Michael Financial Inc., Joseph Gunnar & Co., First Republic Group, The Concord Equity Group, ICICI Securities Inc., Charles Morgan Securities, and HFP Capital Markets in New York, New York until April 2013. He is not licensed within the industry.

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.

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