Articles Tagged with Gunnallen Financial

AdobeStock_41845221-300x212Stoltmann Law Offices is investigating former Cetera Advisors broker Craig Blattner, who was recently fined and suspended by the Financial Industry Regulatory Authority (FINRA). Blattner was fined $5,000 and suspended from the industry for 15 business days. FINRA found that the value of a joint account of two clients served by Blattner allegedly declined by $75,000. One of his clients complained to him via email about his management of their account and the losses they suffered. Blattner did not disclose the client’s complaint to the firm, and it was never reported on his Form U4. Instead, Blattner wrote the client a $15,000 check from his personal checking account, which is against securities laws.
Previously, Craig Blattner was registered with The Stuart-James Company, National Securities Corp, First Montauk Securities Corp, Gunnallen Financial, Investors Captial Corp in Longwood, Florida from May 2006 until October 2016, and Cetera Advisors in Longwood, from September 2016 until February 2018. He has three customer disputes against him, and one regulatory matter. He is not currently registered as a broker within the industry, according to his online, FINRA BrokerCheck report.

You can recover your losses with Richard Cody by calling our Chicago-based law firm at 312-332-4200 and speaking to an attorney for free. We are securities attorneys who sue brokerage firms in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis for investors who have lost money. Stoltmann Law Offices continues to investigate Richard Cody, a former registered representative of Westminster Financial Services, Concorde Investment Services and IFS Securities. The Securities and Exchange Commission (SEC) recently brought a case against Cody, claiming he committed fraud by concealing that his customers suffered massive losses in their accounts. Cody’s assets were frozen on December 22, 2016, when the SEC obtained a preliminary injunction against him. Cody was accused of sending customers false tax forms and telling customers that they had more money in their accounts than they actually did by making material misstatements, while allegedly doing business at Boston Investment Partners. This is against securities laws, and Cody’s former firms may be responsible for not adequately supervising him while he was employed there. The firms may be liable for your investment losses.

Richard G. Cody was registered with Merrill Lynch in New York, New York from March 1997 until December 2000, Salomon Smith Barney in New York from September 2000 until November 2001, Leerink Swann & Co. in Boston, Massachusetts from December 2001 until May 2005, Gunnallen Financial in Boston from May 2005 until March 2010, Westminster Financial Securities in Providence, Rhode Island from March 2010 until March 2013, Concorde Investment Services in Spring Lake, New Jersey from March 2014 until August 2016 and IFS Securities in Spring Lake from August 2016 until September 2016. He has seven customer disputes against him, four of which are currently pending and one civil pending matter, according to his online FINRA BrokerCheck report. Please call today for your free consultation.

Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Richard Poston, a former H. Beck registered broker. Beck was being investigated by the Financial Industry Regulatory Authority (FINRA), alleging violations of FINRA rules including standards of commercial honor and equitable principles of trade, improper use of customers’ securities or funds, and the borrowing or lending money from or to any customer without written approval. Most recently, a complaint against him alleged that Poston, from October 2007 until September 2015 made unsuitable concentrated and illiquid investments in non-traded real estate investment trusts (REITs). This claim is currently pending. REITs typically are risky and illiquid investments that are not suitable for all customers. A broker must take into account a customer’s age, net worth, investment sophistication and investment objectives, and, if he does not, his brokerage firm can be held responsible for those losses.

According to his online FINRA BrokerCheck report, Poston was registered with IDS Life Insurance Company in Minneapolis, Minnesota from June 1995 until October 2001, American Express Financial Advisors in Minneapolis, from June 1995 until October 2002, LPL Financial in Plano, Texas from October 2002 until September 2009, Gunnallen Financial in Plano from September 2009 until March 2010 and H. Beck in Plano from March 2010 until December 2015. He is not currently registered with any firm and has four customer disputes against him.

Stoltmann Law Offices is investigating Patrick Teutonico, who was accused of churning, making unsuitable recommendations, negligent supervision, making excessive markups/markdowns, breach of fiduciary duty, unauthorized short trading and effecting unauthorized transactions as first trades in newly opened customer accounts, among other securities violations. Churning is excessive trading by a broker in a client’s account largely to generate commissions for himself. It often results in substantial losses in the client’s account, and may generate a tax liability for the client.

According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Teutonico was registered with W.J. Nolan & Co., Ryan, Beck & Co., Gruntal & Co., National Securities Corporation, Gunnallen Financial, First Midwest Securities, A&F Financial Securities, QA3 Financial Corp and Obsidian Financial Group. He is currently registered with Network 1 Financial Securities in Lynbrook, New York and has been since December 2012. He has nine customer disputes against him, six of which are currently pending. He has one criminal disposition against him. If you lost money with Patrick Teutonico, please call our securities law firm in Chicago to find out how you can sue his firm, Network 1 Financial for losses. The call is free and attorneys are standing by.

Stoltmann Law Offices is investigating Kenley Brisard, Philip Brisard and Leigh Garber of Ridgeway & Conger, a registered broker-dealer out of New Woodstock, New York. According to a complaint filed with the Financial Industry Regulatory Authority (FINRA), Brisard, Brisard and Garber sold an unregistered security that consisted of interest-only strips from loans issued by the United States Small Business Association to five individual retail investors at undisclosed markups of 14-33% using general solicitation emails that fraudulently misrepresented the product and their involvement with the product. The brokers allegedly sent more emails that were fraudulent and contained misrepresentations and omissions to 115 additional customers and prospects between June and August 2010. Ms. Garber gave her written approval for the sale of the unregistered securities to the five customers even though the sales were against securities rules and regulations. Ms. Garber was the designated supervisor for the sale of private placements. She is also currently the President and Chief Executive Officer of Ridgeway & Conger. Both Brisard’s are registered representatives at the firm.

It is against securities rules and regulations for a firm to fail to establish and maintain a proper supervisory system and procedures. It is also against securities rules and regulations for a firm to use fraudulent emails and to misrepresent and omit material facts in those emails or other marketing materials. It is because of these transgressions that the firm can be sued in the FINRA arbitration process. If you or someone you know lost money with Kenley or Philip Brisard, or Leigh Garber and/or Ridgeway & Conger, please call our securities law firm in Chicago for a free consultation with an attorney. The firm has a responsibility to oversee all of its employees actions and if it does not, can be held liable for investment losses. We take cases on a contingency fee basis only so we only make money if you recover yours.

Kenley Brisard and Philip Brisard were registered with HGI, Ash & Co., IAR Securities Corp, National Securities Corp, Raymond James and Gunnallen Financial. Both are currently registered with Ridgeway & Conger in New Woodstock, New York and have been since March 2009. Kenley Brisard has one customer dispute against her and Philip Brisard has four against him. He also has one criminal disposition.

Stoltmann Law Offices is investigating Patrick Teutonico, who is accused of churning, unsuitable options trading, among other securities violations. Our office has filed a case against Network 1 Financial, which is the brokerage firm that Agent Teutonico has been registered with since December 2012. It is alleged that the Firm’s lack of supervision over Agent Teutonico facilitated this trading.

Agent Teutonico allegedly churned securities in the account of an elderly customer engaging in aggressive options trading on margin. The Statement of Claim alleges he over concentrated the Claimant’s account in small-cap technology stocks and invested a substantial portion of the account in the 3D printer market. Churning is excessive trading by a broker in a client’s account to generate commissions for himself and his broker/dealer. It often results in substantial losses in the client’s account.

According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Teutonico was registered with W.J. Nolan & Co., Ryan, Beck & Co., Gruntal & Co., National Securities Corporation, Gunnallen Financial, First Midwest Securities, A&F Financial Securities, QA3 Financial Corp and Obsidian Financial Group. He is currently registered with Network 1 Financial Securities in Lynbrook, New York and has been since December 2012. He has nine customer disputes against him, six of which are currently pending. He has one criminal disposition against him. If you lost money with Patrick Teutonico, please call our securities law firm in Chicago for a free consultation with a securities attorney to review your claims against Network 1 Financial and Mr. Teutonico.

Stoltmann Law Offices is investigating Craig Scott Capital (CSC) and two of its owners Craig Scott Taddonio and Brent Morgan Porges. The firm and the two men recently had a Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding against them. According to the proceeding, CSC, Taddonio and Porges “fostered a culture of aggressive, excessive trading of customer accounts by encouraging the firm’s registered representatives to use upcoming earnings announcements as a catalyst for recommending hundreds, and in some cases, thousands, of short term trades in customer accounts.” CSC and its owners and brokers earned more than $5 million in commissions while customers suffered more than $9 million in losses in accounts where the annualized turnover rates were has high as over 200 and the annualized cost-to-equity ratios were has high as over 800%. Both men and brokers actively traded customer accounts so aggressively, that it resulted in fraudulent churning and quantitatively unsuitable trading. They also failed to establish a reasonable supervisory system, including a written supervisory system wherein they failed to detect the fraudulent churning activities. These are against securities rules and regulations.

Craig Scott Taddonio was registered with Gunnallen Financial in New York, New York from March 2004 until December 2005, JHS Capital Advisors in Bethpage, New York from December 2005 until May 2010 and Brookstone Securities in Uniondale, New York from May 2010 until February 2012. He is currently registered with Craig Scott Capital in Uniondale, New York and has been since February 2012. He has three customer disputes against him, one of which is currently pending.

Porges was registered with On-Site Trading, Andover Brokerage, First Montauk Securities, Gunnallen Financial, Benson York Group, Great Eastern Securities, Joseph Gunnar & Co., Pointe Capital Inc., New Castle Financial Services, Brookstone Securities, Prestige Financial Center, Rockwell Global Capital, Craig Scott Capital and Newbridge Securities Corp. He is currently registered with Newbridge Securities Corp in New York, New York and has been since November 2015. He has four customer disputes against him, one of which is currently pending.

Stoltmann Law Offices is investigating Osi “Pete” Isaac and his former firm, Brookstone Securities in New York. Isaacs has been accused of making unauthorized trades and margin use and was permanently barred from the securities industry. Isaacs was registered with VTR Capital, First Liberty Investment Group, S.W. Bach & Co., JP Turner & Co, New York Global Securities, Gunnallen Financial, Investors Capital Corp, Andrew Garrett, Granta Capital Group, The Rockwell Financial Group, Reid & Rudiger and Brookstone Securities. He is not currently registered with any member firm. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, he has four customer disputes against him, one of which is currently pending. He is not licensed within the industry and FINRA has permanently barred him from the industry. If you invested money with Osi “Pete” Isaacs, please contact our securities law firm in Chicago to speak to an attorney. The call is free with no obligation.

Stoltmann Law Offices is investigating Robert Marks, a broker with Cape Securities in New York. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Marks has been the subject of two customer complaints, alleging that he violated securities laws such as making unsuitable investment recommendations, unauthorized trading and churning and excessive trading. One complaint claimed he speculatively traded in penny stocks in the customer’s account. Churning and excessive trading are against securities rules and regulations and are done only to generate large commissions for the broker.

Robert M. Marks was associated with Seaboard Securities in Florham Park, New Jersey from June 2000 until May 2001, Milestone Financial Services in Rocky Point, New York from April 2001 until August 2008, Gunnallen Financial in Rocky Point from August 2008 until October 2009 and Synergy Investment Group in Rocky Point from October 2009 until October 2011. He is currently registered with Cape Securities in Coram, New York and has been since September 2011.

If you would like to sue Robert Marks for investment losses, please call us at 312-332-4200 to speak to an attorney. We are securities attorneys who sue firms such as Cape Securities in the FINRA arbitration process, as the firm may be liable for investment losses. The call is free with no obligation and we take cases on a contingency fee basis only.

Did you lose money with financial advisor Peter Girgis, formerly of Legend Securities? If so, you may be able to sue Legend Securities in the Financial Industry Regulatory Authority (FINRA) arbitration forum. They may be liable for your financial losses because of their inability to properly supervise him. Please call 312-332-4200 to speak to an attorney about your options. We are securities attorneys who sue firms such as Legend Securities to recover money for retail investors.

Peter Girgis has complaints filed against him by customers for violating securities laws such as: making unsuitable investment recommendations, fraud, churning, breach of fiduciary duty and unauthorized trading. Girgis was registered with Joseph Stevens & Co. in Brooklyn, New York from July 2002 until June 2004, Gunnallen Financial in Staten Island, New York from June 2004 until August 2006, J.P. Turner & Co. in Staten Island from August 2006 until November 2009, Brookstone Securities in Staten Island from October 2009 until June 2012 and Joseph Gunnar & Co. in Staten Island from June 2012 until June 2013. He is currently registered with Legend Securities in New York, New York and has been since August 2013. He has three customer disputes against him.

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