Articles Tagged with Georgia

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Robert M. Lyons, a former registered broker with Cambridge Investment Research, was accused of executing 14 unsuitable mutual fund switches in three customer accounts. Allegedly from January 2011 until December 2013, Lyons made the mutual fund switches in three customer accounts, switching customer assets from shares in one fund family to shares in a different fund family. He recommended that his customers purchase Class A shares that were only advantageous if the customers held them on a long-term basis. These are typically held for several years or longer. Lyons held the shares for less than 12 months, and did not have a reasonable basis to recommend the shares, nor to liquidate him. The customers were made to pay fees for these transactions and Lyons made commissions because of the transactions. For this, Lyons was fined $5,000 and suspended for 15 business days. A broker must have a reasonable basis to recommend and/or sell a security to a customer, and must take into account a customer’s age, net worth, investment savvy and investment objectives. If he does not, his firm may be responsible for investment losses.

Robert Lyons, according to his FINRA online BrokerCheck profile, was registered with The Robinson-Humphrey Company, Walnut Street Securities, Buckhead Financial Corp., Capital Research Corp., Allen C. Ewing & Co. and Cambridge Investment Research in Augusta, Georgia from December 2001 until October 2014. He is not currently registered with any member firm. Please call us today to speak to an attorney about your options of suing Cambridge for your investment losses on a contingency fee basis in the FINRA arbitration forum.

According to publicly available records published by the Financial Industry Regulatory Authority (FINRA), Evan Fishman has received one regulatory sanction and two customer complaints. In 2013, a customer alleged that Fishman, while employed at Merrill Lynch, misrepresented material facts. In 2004, the Chicago Board Options Exchange sanctioned Fishman following allegations, among other, that he completed a customer’s order form after the customer had already signed it, and it included inaccurate information. He was censured and issued a fine of $7,500. In 2001, while Fishman was employed at Merrill Lynch, a customer alleged that he made an unsuitable recommendation and exercised unauthorized discretion. These are all against securities rules and regulations. Fishman was registered with Merrill Lynch in Alpharetta, Georgia from November 1992 until June 2006 and is currently registered with UBS in Atlanta, Georgia and has been since June 2006. He has two customer disputes against him. Please call our securities law firm located in Chicago, Illinois if you believe you have a case against UBS. The firm could be responsible for investment losses because they failed to properly supervise Evan Fishman and allowed him to violated securities laws. We sue firms such as UBS in the FINRA arbitration forum for investors on a contingency fee basis which means we do not make money unless your recover yours. 312-332-4200.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Cyrus Lamont Hancock was accused of converting two checks totaling $11,000 from two customers in violation of securities laws. According to the AWC, in April 2014, a customer wrote Hancock a $5,500 check and gave it to him to purchase mutual funds in an IRA account held directly with a mutual fund sponsor. In August 2014, another customer wrote a $5,500 check and gave it to Hancock in order to be made payable to a 2013 IRA contribution. Hancock then deposited the checks into his personal account and used the funds to pay his own personal expenses. For this he was barred from the industry by FINRA.

Hancock was registered with Waddell & Reed, Equity Services, Investors Capital Corp in Atlanta, Georgia from October 2006 until March 2007, JW Cole Financial Inc., Dempsey Lord Smith, Investors Capital Corp in Atlanta, Georgia from January 2013 until May 2015 and Ele Wealth Advisors. He has one criminal final disposition against him, is not licensed and has been barred from the industry. If you lost money with Cyrus Hancock, and would like to find out how to sue Investor Capital Corp, please call our securities law firm in Chicago to speak to an attorney. The call is free.

Recently, the Securities and Exchange Commission (SEC) barred Chen from the securities industry, alleging that she participated in a pyramid scheme. The scheme was called CKB186 and it targeted the Asian American community between May 2012 and August 2013. She told the investors that their investments were in an internet-based company that sold children’s books. Chen pled guilty to a related criminal matter in March 2016. Ms. Chen was a former registered representative of TransAmerica Financial Advisors Inc., working out of a branch office in Alhambra, California during the time. She no longer is registered with any firm. Firms such as TransAmerica have a duty to reasonably supervise advisors like Toni Chen while they are registered there. If they do not, they could be liable for losses that investors suffer. Please call our law firm to speak to an attorney for free to determine whether or not you may have a claim to bring against TransAmerica for Ms. Chen’s transgressions.

According to her online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Ms. Chen was registered with WMA Securities in Duluth, Georgia from December 1996 until April 2002, World Group Securities in Duluth from April 2002 until January 2012 and TransAmerica Financial Advisors in St. Petersburg, Florida from January 2012 until August 2012. She has three customer disputes against her. She is not licensed and both FINRA and the SEC have permanently barred her from the industry.

Toni-Chen-SEC-AWC

Stoltmann Law Offices is investigating Winston Wade Turner, a former broker with Pruco Securities. Turner was barred from the industry permanently by the Financial Industry Regulatory Authority (FINRA). Turner may have engaged in wrongful conduct while registered with the firm. He also allegedly made an unsuitable variable annuity recommendation and provided inaccurate information to the company concerning the transaction. He allegedly falsified firm books and records and made fraudulent misrepresentations and omissions to three customers regarding their variable annuity investments. Turner was registered with MetLife Securities in Atlanta, Georgia from December 2011 until July 2013 and Pruco Securities in Sarasota, Florida from July 2013 until August 2015. He has 16 customer disputes against him, five of which are currently pending. He has one criminal disposition against him. He is not licensed within the industry and has been permanently barred. Please call our securities law offices today to speak to an attorney for free. You may be able to bring a claim against Pruco Securities for failing to properly supervise Turner.

Stoltmann Law Offices is interested in speaking to investors who may have invested money with Darrell Smith, formerly of Multi-Financial Securities Corporation. He was accused of selling fraudulent securities, forgery, conversion of funds and for violating Iowa’s Uniform Securities Act. Smith was registered with Mony Securities Corp in New York, New York from July 1987 until October 1990, Travelers Equities Sales in El Segundo, California from July 1992 until August 1994, Advantage Capital Corp in Atlanta, Georgia from August 1994 until December 1999, Next Financial Group in Houston, Texas from January 2000 until February 2001 and Multi-Financial Securities Corp in Mason City, Iowa from February 2001 until March 2012. He has 12 customer disputes against him. He is not licensed within the industry and the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public. Please call our Chicago-based law firm today to speak to an attorney about your options of suing Smith’s former firm, Multi-Financial Securities Corp in the FINRA arbitration process. We help investors recover their financial losses on a contingency fee basis.

Did you lose money with Apostolos Nicholas Papadea, formerly of Wells Fargo Advisors? If so, the attorneys at Stoltmann Law Offices may be able to help you recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum by calling 312-332-4200. The call is free to an attorney and there is no obligation. Please call today as time is of the essence with these cases, that we take on a contingency fee basis only. You may be able to sue his firm, Wells Fargo Advisors, for losses, as they may be responsible for them.

According to his Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Papadea was accused of exercising discretion in a customer’s account without written authorization from the customer. Allegedly, the misconduct took place between September 2015 and October 2015. Papadea effected 27 transactions in two customer accounts. For this, he was fined $5,000 and suspended from associating with any FINRA member firm for 20 business days in all capacities.

Papdea was registered with The Robinson-Humphrey Company in Atlanta, Georgia from June 1969 until November 2001 and Wells Fargo in Columbia, South Carolina from November 2001 until November 2015. He has three customer disputes against him.

Stoltmann Law Offices is investigating Tye Williams of Next Financial Group in Frisco, Texas. Williams allegedly mismanaged client finances by exceeding the scope of his authority and recommended unsuitable investments like Smashburger from 2004 until 2015. Damages are alleged to be in excess of $1,000,000. According to his online Financial Industry Regulatory Authority (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 Corporation in Houston, Texas from August 1996 until June 2006 and First Heartland Capital Inc. in Houston from June 2006 until November 2008. He is currently registered with Next Financial Group in Frisco, Texas and has been since November 2008. He has one customer dispute against him, which is currently pending.

Stoltmann Law Offices is investigating Marsha Lou Samuels, a former broker with LPL Financial. According to her Financial Industry Regulatory Authority (FINRA) Letter of Acceptance, Waiver and Consent (AWC) Samuels was accused of alleged misconduct relating to borrowing money from clients and undisclosed outside business activity. Allegedly, from September 2008 until April 2009, Samuels accepted four personal loans totaling $121,000 from a firm customer. For this, she was suspended for four months and fined $5,000.

Samuels was registered with WMA Securities in Duluth, Georgia from July 1994 until June 1998, IFG Network Securities in Atlanta, Georgia from May 1998 until June 1999, Associated Securities Corp in Redwood City, Georgia from June 1999 until September 2009 and LPL in Redwood City from September 2009 until November 2013. She has one customer dispute against her.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Justin L. Ferguson, formerly a registered representative with Country Capital Management, was being investigated for allegedly misappropriating funds from the account of a customer at an affiliate bank of the firm. This is against securities rules and regulations. He also failed to respond to a FINRA investigation. For this, he was barred from the industry by FINRA. According to his online BrokerCheck report, he was registered with Country Capital Management in Columbus, Georgia from February 2014 until January 2016. He is not currently licensed with any FINRA member firm and he is not licensed within the industry. FINRA permanently barred him from the industry. If you or someone you know invested money with Justin L. Ferguson, please call our securities law offices in Chicago to speak to an attorney for free. We may be able to help you bring a claim against his former firm, Country Capital Management, for failing to properly supervise him while he was employed there. We sue firms in the FINRA arbitration forum on a contingency fee basis, which means we don’t get paid unless you recover money. Please call today as there is a statute of limitation on most cases.

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