Articles Tagged with Iowa

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.

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 interested in speaking to investors who have complaints regarding Financial Services Corp. The independent broker-dealer firm is based out of Des Moines, Iowa. The company also goes under the following names: Bankers Financial Services Corp, BDF Investments, BDFSC, Broker Dealer Financial & Insurance Services Corp, Capital Financial Partners, IBA Securities and TS Sports Management. The firm currently has two arbitration awards entered against it. If you or someone you know has lost money with Financial Services Corp, our securities attorneys may be able to help you. We sue firms such as Financial Services Corp in the Financial Industry Regulatory Authority (FINRA) arbitration forum to recover money for investors. The call to us is free and attorneys are standing by to take your call.

Stoltmann Law Offices is investigating David Weinbach, a former registered representative with Robert W. Baird. According to his Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Weinbach was fined $12,500 and was censured. He allegedly exercised discretion in executing transactions in customer accounts without obtaining his client’s written authorization and without putting it in writing to Robert W. Baird. These are both against securities rules and regulations.

David Weinbach was associated with Century Investors of America from May 1993 until October 1993, CUNA Brokerage Services in Waverly, Iowa from October 1993 until April 1999 and Robert W. Baird in Madison, Wisconsin from March 1999 until November 2013. He has one customer dispute against him. If you invested money with David Weinbach, please call our securities law firm in Chicago at 312-332-4200 for a free consultation with one of our attorneys. We sue firms such as Robert W. Baird in the FINRA arbitration forum to recover losses for investors. We take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating George Jones Lincoln for the following allegations from his Financial Industry Regulatory Authority (FINRA) BrokerCheck report: “Lincoln omitted or altered material information in his books and records in a way that suggested his clients were more aggressive investors than their circumstances and stated risk tolerances actually demonstrated. Lincoln recommended sector funds to customers in concentration levels that were unsuitable based on his customers’ circumstances and investment profiles as reflected in the fact finders, thereby raising the customers’ risk profile beyond the customers’ state risk tolerance.” For these, FINRA fined him $70,000 and suspended him from the industry for 10 months. Jones’ former firm, CCO Investment Services Corp., was fined $120,000 based on their inability to supervise Lincoln.

Lincoln was registered with Century Investors of America from January 1991 until Janiuary 1991, CUNA Brokerage Services in Waverly, Iowa from January 1991 until September 2005, and CCO Investment Services Corp in Rutland, Vermont from November 2005 until Janauary 2014. He has three customer disputes against him, one of which is currently pending. He is not licensed within the industry. If you would like to sue CCO Investment Services Corp for failure to supervise George Jones Lincoln, please call our Chicago-based securities law firm at 312-332-4200 to speak to one of our attorneys.

The Financial Industry Regulatory Authority (FINRA) barred Paul Leon White from the securities industry in 2010 for allegedly recommending unsuitable real estate investment trust (REIT) investments to his customers. One of them was a non-profit animal shelter tenant-in-common (TIC) interest in undeveloped rural land that Mr. White had an interest in. He also recommended the shelter invest in non-traded REITs. He also had a complaint against him that alleged he recommended unsuitable investments to a customer from 2004 to 2009. He was terminated from his former firm, Equity Services, Inc. in 2003 for using unauthorized sales literature.

Mr. White was registered with Equity Services in Montpelier, Vermont, Berthel, Fisher & Co Financial Services in Marion, Iowa, Alternative Wealth Strategies in Melville, New York, Heritage Financial Systems in Melville and Halcyon Capital Markets in Meredith, New Hampshire. He has five customer disputes against him. He is not licensed as a broker and he was permanently barred from the industry. If you would like to find out how to sue Paul Leon White, and his former firm, for failing to supervise him, you may call us at 312-332-4200 to speak with one of our securities attorneys.

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