Articles Tagged with Greenwood Village

Stoltmann Law Offices is investigating David Gray, a former investment adviser with Cambridge Investment Research. Gray was accused of stealing money from an elderly customer, and he recently pled guilty to theft from an at-risk victim (which means either an elderly or disabled victim.) After he was investigated by the Securities and Exchange Commission (SEC) Gray was sentenced to eight years in prison and ordered to pay restitution of $263,418. If you or someone you know lost money with David Gray, please call our securities law offices in Chicago to speak to an attorney about your options. You may be able to sue Cambridge in the Financial Industry Regulatory Authority (FINRA) forum for not reasonably supervising Gray and allowing him to make transgressions against his customers. We sue firms such as Cambridge on a contingency fee basis in order to recover losses. Please call today. The call is free with no obligation. 312-332-4200.

Gray was registered with The Stuart-James Company, Inernational Securities Group, Sprung and Wise Securities, R A F Financial Corp, Dean Witter Reynolds, Hanifen, Imhoff Securities Corp, Jesup & Lamont, BC Christopher Securities, Neidiger, Tucker, Bruner Inc., Barringer Ryan Vance, Equity Services, BMA Financial, Nathan & Lewis Securities, Cambridge Investment Research in Greenwood Village, Colorado from September 1999 until August 2013 and Ridgeway & Conger. He is not currently registered with any firm. He has one customer dispute against him and one criminal disposition. He is not licensed within the industry and the SEC barred him from acting as a broker and investment adviser, or otherwise associating with firms that sell securities or provide investment advice to the public.

John J. Avey, a former broker with BOSC Inc., was terminated recently from the firm. According to a Financial Industry Regulatory Authority (FINRA) disclosure, Avey, “when asked, admitted to knowingly submitting forms for processing with a signature for (name of client redacted) which were not in fact signed by (name of client redacted.)” This was the reason he was discharged from BOSC. Avey was registered with Merrill Lynch from May 1983 until March 1985, Dean Witter in Purchase, New York from February 1985 until May 1993, U.S. Clearing Corp in Dallas Texas from September 1993 until January 1994, CSB Investments Co. in Denver, Colorado from March 1994 until October 2004 and BOSC in Denver from May 2004 until January 2016. He is currently registered with First Financial Equity Corp in Greenwood Village, Colorado and has been since January 2016. He has two customer disputes against him. Please call our Chicago-based law offices today to speak to an attorney about your options of suing BOSC for investment losses sustained with John J. Avey. We may be able to help you bring a claim against the firm on a contingency fee basis.

Stoltmann Law Offices is investigating Michael McDonald, a broker with Aegis Capital in Maitland, Florida. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, he has been the subject of at least five customer complaints that included churning and excessive trading, unsuitable investment recommendations, unauthorized trading, breach of fiduciary duty and fraud, among other things. He was accused of recommending a private placement called Xyience Inc. to a customer which caused the customer $450,000 in damages. This is commonly referred to as “selling away” and is when a broker recommends a security that is not held or offered by his brokerage firm. Selling away is against securities rules and regulations.

McDonald was registered with Chatfield Dean & Co. in Greenwood Village, Colorado from February 1993 until May 1993, Ole Discount Corp in Detroit, Michigan from May 1993 until November 1995, Empire Financial Group in Longwood, Florida from December 1995 until February 1996, Southern Financial Group in Columbia, South Carolina from March 1996 until March 2002, Advest Inc. in Hartford, Connecticut from March 2002 until December 2005 and JHS Capital Advisors in Tampa, Florida from November 2005 until February 2011. He is currently registered with Aegis Capital in Maitland, Florida and has been since February 2011.

Stoltmann Law Offices is investigating Gordon Dihle, who allegedly liquidated 4 billion shares of six penny stocks in seven customer accounts while registered with Spencer Edwards. The shares were not registered with the Securities and Exchange Commission (SEC) nor were the transactions exempt from registration. This is against securities rules and regulations. During this time, Gordon Dihle was the firm’s President, Chief Compliance Officer and AML Compliance Officer. He and the firm failed to conduct and ensure that registered representatives conducted reasonable and meaningful inquiries of the circumstances surrounding the illicit sales of six penny stocks, despite obvious indications that the sales were or could be illicit distributions of unregistered stocks. The firm also failed to have in place anti-money laundering regulations.

Dihle was registered with Variable Asset Strategies in Greenwood Village, Colorado from September 1999 until September 2006 and Spencer Edwards in Centennial, Colorado from January 2003 until November 2013. He has two customer disputes against him and is not currently registered with any firm or licensed within the industry.

Dihle and Spencer Edwards have a duty to have regulatory measures in place, and, because they did not, can be held liable for investment losses. If you invested money with Spencer Edwards, you may be able to recover those losses by calling our securities law firm at 312-332-4200. We are securities attorneys in Chicago, Illinois and sue firms such as Spencer Edwards on a contingency fee basis to recover money for investors.

Stoltmann Law Offices is investigating Duane Ariel Smith, a broker with Stifel, Nicolaus & Co. He has two customer complaints against him, according to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report. One complaint alleged that Smith made unsuitable investment recommendations to a customer, and engaged in fraudulent and deceitful conduct. The other complaint alleged Smith breached his fiduciary duty to a customer and mishandled their accounts from 2008 until 2014. Duane Ariel Smith was registered with Merrill Lynch in Englewood, Colorado from June 1995 until September 2008 and Stifel, Nicolaus & Co. in Greenwood Village, Colorado from August 2008 until March 2014. He is currently registered with Neideger, Tucker, Bruner Inc. in Englewood, and has been since March 2014.

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