Articles Tagged with Independent Financial Securities

Did you or someone you know lose money with Ellen Vratoric, a former registered broker with Huntington Investment Company? If so, the attorneys at Stoltmann Law Offices are interested in hearing from you. Ms. Vratoric has failed to respond to an investigation against her by the Financial Industry Regulatory Authority (FINRA). She was terminated from Huntington in March 2016 after allegations surfaced that she had an increase in customer complaints, that she had signed but undated variable annuity forms, and that the document had been whited-out and re-used. These are all against securities laws and internal firm rules and regulations. A brokerage firm such as Huntington has a duty to reasonably supervise its registered brokers, and, if it does not, can be held liable for investment losses. This can be done in the FINRA arbitration forum on a contingency fee basis.

According to her online, public record with FINRA, Ms. Vratoric was previously registered with Spectrum Securities Corp in Mayfield Heights, Ohio from October 1993 until April 1997, Independent Financial Securities from May 1997 until August 1998, Liberty Securities Corp in Purchase, New York from August 1998 until January 1999, Natcity Insurance Services in Cleveland, Ohio from January 1999 until December 2001, LPL Financial in Monroeville, Pennsylvania from April 2007 until March 2008 and The Huntington Investment Company in Glassport, Pennsylvania from March 2008 until March 2016. She has one customer dispute against her alleging that she transferred $43,000 into a variable annuity without the client’s permission, did not disclose that it could lose value, did not inform the client about the need to take a required minimum distribution from the annuity, and did not disclose that selling back CDs before maturity would result in penalties. She is not currently registered as a broker.

Stoltmann Law Offices is investigating Barbara D. Fife, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). She is accused of converting the funds of a firm customer, while she was registered with LPL Financial. Subsequently, FINRA barred her from the industry for her misconduct. She was registered with the following firms: MML Investors Services, Essex National Securities, First Chicago NBD Investment Services, Independent Financial Securities, Natcity Investments, First Chicago NBD Investment Services, Banc One Securities, UBS Financial Services, Fifth Third Securities, City Securities and LPL Financial in Fishers, Indiana from September 2007 until June 2014. She is not currently registered with any member firm. She has five customer disputes against her, one of which is pending. She is not licensed in the industry, and FINRA permanently barred her from acting as a broker or associating with firms that sell securities to the public.

If you invested money with Barbara D. Fife, please call our securities law firm at 312-332-4200 to speak with an attorney about your options of suing her former firm, LPL Financial. They had a duty to reasonably supervise her while she was employed with them. The call is free with no obligation. We take cases on a contingency fee basis only.

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