Articles Tagged with John Thomas Financial

According to a Financial Industry Regulatory Authority (FINRA) Decision, Miguel Ortiz concealed losses in an account. He also allegedly made materially false statements and omitted material facts concerning the composition, value and performance of an investment account and concealed the losses incurred in that account. He did this by allegedly sending false account statements that he created to his customers. For this, he was barred from the industry and fined more than $5,000. He was also charged appeal costs totaling more than $1,000. Ortiz formed Brickstone Securities in New York City, and then became registered with John Thomas Financial in 2010. In 2012, Brickstone and Ortiz became members of First Liberties Financial. Please call our securities law firm today if you have suffered losses with Miguel Ortiz. We may be able to help you recover your losses on a contingency fee basis.

Did you lose money with John Kakonikos, a former broker with Southeast Investments? If so, please call our Chicago-based securities law firm today to speak to an attorney. Kakonikos was accused of acting negligently, churning accounts, breaching fiduciary duty, breaching contract, and executing excessive trades, among other transgressions. He was registered with JP Turner & Company, Hunter Scott Financial, Caldwell International Securities, John Thomas Financial, and Southeast Investments in East Meadow, New York and was registered there from February 2014 until February 2016. He is not currently registered with any member firm. He has five customer disputes against him.

Ray Gordos, a New York-based National Securities broker, received one regulatory sanction, six customer complaints and one pending customer complaint. In 2013, Gordos was sanctioned by the State of Massachusetts following allegations he was the subject of six customer complaints, including allegations of excessive trading, unauthorized trading, unsuitable recommendations and negligence. He was placed on conditional registration. He was also accused of other transgressions.

Gordos was registered with Ehrenkrantz King Nussbaum in Melville, New York from July 2003 until September 2003, Joseph Stevens & Company in Brooklyn, New York from September 2003 until June 2004, SW Bach in New York, New York from June 2004 until December 2005, First Republic Group in New York from January 2006 until May 2007 and John Thomas Financial in New York from May 2007 until January 2013. He is currently registered with National Securities Corp in New York and has been since December 2012. He has ten customer disputes against him, one of which is currently pending.

The Financial Industry Regulatory Authority (FINRA) recently barred Marat Zeltser, who allegedly violated a number of securities laws, including he invested money in triple leveraged ETFs over long periods of time among other claims. FINRA opened their investigation against him in January 2015, before which he was discharged from Pointe Capital Inc. for violating the firm’s advertising policy and the use of unapproved communications. Brokers have a responsibility to treat investors fairly, which includes obligations such as making only suitable investments for the client. There must be a reasonable basis for the recommendation of the product or security and due diligence on the broker’s part.

Zeltser was registered with Meyers Associates, Pointe Capital, Liberty Partners Financial Services, John Thomas Financial, Mercer Capital Ltd., Buckman, Buckman & Reid, Charles Vista LLC, Caldwell International Securities and Meyers Associates in Brookly, New York from October 2014 until April 2015. According to his FINRA online BrokerCheck report, he has one customer dispute against him and it is currently pending. Please call our securities law firm if you would like to bring a claim against Marat Zeltser for investment losses.

Stoltmann Law Offices is investigating Michael Egan, a registered broker with Brittanica Capital Partners in New York, New York since September 2015. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Egan is the subject of two judgments or liens. Egan was registered with Royce Investment Group, Waterhouse Securities, Wall Street Access, First Union Brokerage Services, DB Alex Brown, Deutsche Bank Securities, JP Morgan Securities, Chase Investment Services, Citigroup Global Markets, Abax Brokerage Services, Stock USA Execution Services, Four Points Capital Partners, John Thomas Financial, Blackbook Capital and Newport Coast Securities. He is currently registered with Brittanica Capital Partners in New York, New York and has been since September 2015. If you invested money with Michael Egan, you may be able to recover your investment losses by calling our securities law firm in Chicago. The call is free with no obligation. We take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating Michael Molinaro, a registered broker with Network 1 Financial Services in Syosset, New York. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Molinaro was accused of failing to supervise a representative, and failing to enforce a reasonable supervisory system with respect to private placements at Charles Vista LLC, where he served as President and Chief Compliance Officer. These are against securities rules and regulations.

Molinaro was registered with the following firms: GKN Securities Corp in New York, New York from April 1996 until December 1998, Ladenburg Capital Management in Bethpage, New York from December 1998 until November 2002, S.W. Bach & Co. in Port Washington, New York from December 2003 until August 2004, Maxim Group in Woodbury, New York from August 2004 until November 2006, Charles Vista in Staten Island, New York from February 2009 until February 2009, John Thomas Financial in New York, New York from December 2006 until March 2009, Charles Vista in New York from March 2009 until September 2012, E.J. Stering in New York, New York from September 2012 until June 2013 and Columbus Advisory Group in New York, New York from October 2013 until February 2014. He is currently registered with Network 1 Financial Securities in Great Neck, New York. He has two customer disputes against him.

If you invested money with Michael Molinaro, please call our securities law firm at 312-332-4200 to speak to an attorney. You may be able to bring a claim against his firm, Network 1 for failing to properly supervise him. The call is free with no obligation. We take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating Anthony Scarso, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Scarso is accused of effecting unauthorized trades in the accounts of customers, failing to disclose two New York State tax liens and compromise with a creditor on his Form U4. On March 17, 2010, the New York State Department of Taxaion and Finance filed a $26,393.77 tax warrant against him, resulting in a lien. Scarso then did not disclose the liens on his Form U4 within 30 days. For this, he was fined $5,000 by FINRA and suspended from associating with any FINRA member firm for 30 days.

Mr. Scarso was registered with the following firms: JW Barclay, Shamrock Partners, LCP Capital Corp, Republic Equities of America, LCP Capital Corp, Salomon Grey Financial Corp, Great Eastern Securities, Meyers Associates, John Thomas Financial, Clark Dodge & Co, and Alexander Capital L.P. He is currently registered with PHX Financial in New York, New York since October 2014. He has 9 customer disputes against him, one of which is currently pending. If you would like to bring a claim against Anthony Scarso, you may be able to in the FINRA arbitration process by calling our securities law firm at 312-332-4200 and speaking to an attorney. The call is free.

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