Articles Tagged with Legend Securities

AdobeStock_112181284-1-300x200You can by calling 312-332-4200 and speaking to one of our attorneys about your options. We are securities attorneys based in Chicago, Illinois who sue firms like Legend Securities in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis, which means we only get paid if our clients recover their losses. The call to us is free with no obligation. Attorneys are standing by. Please do not delay, as there is a statute of limitations on most cases.
According to a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Mr. Cole allegedly “engaged in dishonest or unethical practices,” including unauthorized trading and excessive and qualitatively unsuitable trading in a customer account from April 2013 until October 2014. Specifically, Cole was accused of engaging in excessive trading in eight accounts of six senior citizens. This is sometimes referred to as “churning,” and is a particularly egregious form of broker misconduct. Churning typically generates large commissions for the brokers and results in unnecessary fees for the customer. It is against securities laws. For this, Cole was fined $5,000 and suspended from the industry for 16 months.
He was previously registered with PHD Capital, Meyers Associates, Prestige Financial Center, Global Arena Capital Corp, Liberty Partners Financial Services, Legend Securities in New York, New York from April 2013 until October 2014, E.J. Sterling, Blackbook Capital, Avenir Financial Group, Spartan Capital Securities and Fordham Financial Management. He has five customer disputes against him and one criminal final disposition. He is currently not registered within the industry.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Michael Guilfoyle, a registered representative with Legend Securities, allegedly violated securities laws. Between October 2014 through April 2016, Guilfoyle allegedly engaged in unsuitable, excessive trading. Specifically, in the accounts of two customers, one of whom was elderly. This is against securities laws, and internal firm rules. For this misconduct, he was fined $10,000 and suspended for 10 months.

According to his online, FINRA BrokerCheck report, Mr. Guilfoyle was previously registered with JP Turner & Co., Gunnallen Financial, Mercer Capital, Brookstone Securities, Newbridge Securities Corp, Global Arena Capital Corp, America’s Choice Equities, Joseph Gunnar, Legend Securities in New York, New York from August 2013 until May 2016, IFS Securities and Four Points Capital Partners in New York from September 2016 until March 2017. He has two customer disputes against him, and one criminal pending charge. He is not currently registered as a broker.

AdobeStock_90383187-1-300x194According to recent customer complaints with the Financial Industry Regulatory Authority (FINRA), Yousuf Saljooki allegedly highly leveraged accounts, executed frequent trades and made unsuitable recommendations while employed at Salomon Whitney. He also allegedly used high-pressure sales tactics, recommended unsuitable investments, churned accounts and charged excessive and hidden commissions while employed at New Castle Financial Services, Brookville Capital Partners and Legend Securities. He also allegedly breached fiduciary duty and charged excessive commissions while employed at Whitaker Securities. Charging excessive and hidden commissions is a particularly egregious violation of securities laws. These are all against securities rules and these firms can be sued in the FINRA arbitration forum if you lost money because of Saljooki’s misconduct. Please call our law offices at 312-332-4200 to find out how. We sue firms on a contingency fee basis. The call to us is free with no obligation.
Saljooki was previously registered with Benson York Group, Newbridge Securities in Ft. Lauderdale, Florida from February 2006 until April 2007, VFinance Investments, Whitaker Securities in Uniondale, New York from February 2008 until July 2009, Brookville Capital Partners in Melville, New York from July 2009 until March 2015, Tryco Securities and Legend Securities in Melville from March 2015 until August 2015. He is currently registered with SW Financial in Melville and has been since August 2015. He has four customer disputes against him, one of which is pending, according to his online FINRA BrokerCheck report.

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According to a recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), Peyton Nelson Jackson was accused of breaching fiduciary duty, breaching contract, negligent misrepresentation, unsuitable sales and fraud. These are all against securities rules and regulations. A broker who is employed by a brokerage firm has an ironclad obligation to take into account many factors before recommending or selling a security to a client. These include, but are not limited to, age, net worth, investment objectives and investment sophistication. If the broker does not, the brokerage firm may be liable for losses. Please call our Chicago-based law offices today at 312-332-4200 to find out how to bring a claim against Raymond James, Jackson’s former firm, for investment losses. The call is free with no obligation. We take cases on a contingency fee basis only.

According to his FINRA BrokerCheck report, Jackson was previously registered with JW Grant & Associates, Tamaron Investments Inc., AG Edwards & Sons, Morgan Stanley, McKim Capital, Dawson James Securities, Legend Securities and Alexander Capital in New York, New York from December 2012 until April 2015. He has 13 customer disputes against him, eight of which are pending. He is not currently registered within the industry.

AdobeStock_1800313-1-300x204Stoltmann Law Offices is investigating Anthony Mediate, a former registered broker with Legend Securities in New York, New York. Mr. Mediate was accused of executing excessive trades, exercising unauthorized discretion, misrepresenting material facts and churning investments. Churning is when a broker excessively trades in an account, in order to receive large commissions for himself. It is against securities laws, as are all of the above named transgressions. If you suffered any losses with Mr. Mediate, you may call our securities law firm free of obligation in order to speak to an attorney about your options. Legend Securities may be liable for your losses and we sue firms in the arbitration forum on a contingency fee basis.

Mediate was previously registered with National Securities Corp, JP Turner and Legend Securities in Staten Island, New York, and others. He has five customer disputes against him, two of which are pending. He is currently not registered within the industry.

AdobeStock_99700100-2-300x200Stoltmann Law Offices is investigating David Page, a New York-based PHX Financial broker. Page was accused of breaching contract, leading an unsuitable strategy, acted negligently, breached fiduciary duty, executed unauthorized transactions and misrepresented material facts. These are all against securities rules and regulations. Page was registered with Ladenburg Capital Management, Joseph Gunnar, Investors Capital Corp, John Thomas Financial, Brookville Capital Partners, Tryco Securities, Legend Securities and PHX Financial in New York, New York from August 2016 until February 2017. He has three customer disputes against him and is currently not registered. Please call our securities law firm today if you suffered losses with Mr. Page. You may have a claim against PHX Financial for your losses. The call is free with no obligation.

AdobeStock_112181284-1-300x200According to a recent Settlement Order with the Financial Industry Regulatory Authority (FINRA), Bernardo Misseri failed to disclose private securities transactions and an outside business activity to his former firm, Legend Securities. He was suspended for two years and fined $15,000 for this misconduct. This is against securities rules and regulations. Misseri’s former firm, Legend Securities, can be held liable for investment losses. Please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney about your losses. We may be able to help you bring a claim against Legend Securities in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.

Misseri was registered with LCP Capital Corp, R.D. White & Co., Benson York Group, JP Turner & Co., McGinn Smith & Co., and Legend Securities in Staten Island, New York from December 2009 until December 2016. He has eight customer disputes against him, three of which are currently pending. He is not currently registered within the industry, according to his online FINRA BrokerCheck report.

Stoltmann Law Offices is investigating John Cangialosi, a former registered broker with Legend Securities. Cangialosi was accused of unsuitable investments, fraudulent and negligent acts, breach of contractual requirements, churning and negligent misrepresentation, among other claims. He also allegedly failed to timely disclose judgments or liens against him. For this, he was fined $5,000 by the Financial Industry Regulatory Authority (FINRA) and suspended for three months. In January 2016, the state of Michigan denied Cangialosi’s application to engage in securities business in the state on the grounds that he engaged in dishonest and unethical practices within the last 10 years supporting the denial of his registration application.

According to his online FINRA BrokerCheck report, Cangialosi was registered with Joseph Stevens & Company in Brooklyn, New York from December 2001 until June 2004, Gunnallen Financial in Staten Island, New York from June 2004 until August 2006, JP Turner & Company in Staten Island from August 2006 until February 2009, Broostone Securities in Staten Island from October 2009 until June 2012, Joseph Gunnar & Co. in Staten Island from June 2012 until August 2013 and Legend Securities in New York, New York from August 2013 until November 2016. He is currently registered with Worden Capital Management in New York and has been since November 2016. He has five customer disputes against him and one judgment/lien.

Please call us today if you invested money with John Cangialosi. We may be able to bring a claim against his former firm, Legend Securities, for not reasonably supervising him while he was registered there. We take cases on a contingency fee basis only so please call today. The call is free with no obligation. Attorneys are standing by. 312-332-4200.

According to a Disciplinary Proceeding by the Financial Industry Regulatory Authority (FINRA) on June 10th, Richard Gomez made unsuitable recommendations and sold investments away from his firm. For this, Gomez was permanently barred from associating in any capacity with any FINRA member firm. Allegedly, Gomez sold nearly half a million dollars of two worthless securities away from his firm, Legend Securities. He sold the securities to seven customers by misrepresenting and omitting material facts about both investments. The first security was Praetorian Global Fund, a fraudulent private investment headed by John Mattera. Mattera, a former chiropractor with a criminal record, (including theft convictions for securities-related crimes), had a penny stock bar against him as well as multiple judgments and liens. Praetorian claimed that it owned hundreds of millions of dollars in pre-initial public offering (IPO) stock of companies such as Facebook, Groupon and Zynga Inc. $394,000 of the bogus stocks were sold to investors.

Another stock, US Coal Corporation (US Coal) was a small, private company in Appalachia that was supposed to go public in the “near future.” Gomez was recruited to sell the stock by a “fund manager” who told him he had acquired the shares from retirees who needed cash quickly and could not wait for the IPO. The fund manager was actually one of the founders of the company. A total of $105,000 was invested, and the company filed for bankruptcy in 2014.

According to Gomez’s FINRA BrokerCheck report, he was registered with the following firms: Hunter Scott Financial, Hallmark Investments, Garden State Securities, Brookstreet Securites, Meyers Associates, World Equity Group, Clark Dodge & Co., Brill Securities, Vision, U.S. Financial Investments, Legend Securities in New York, New York from June 2011 until December 2011, Caldwell International Securities, PHD Capital, Rockwell Global Capital, Woodstock Financial Group and Avenir Financial Group. He has two customer disputes against him, one of which is currently pending and two judgment/liens. He is not currently licensed within the industry and has been permanently barred.

According to a Letter of Acceptance, Waiver and Consent (AWC) by the Financial Industry Regulatory Authority (FINRA), Stephen J. Sullivan, a former registered representative with First Midwest Securities, allegedly exercised discretion in the accounts of two customers between January 2011 and July 2012. This is against securities rules and regulations and he was fined $5,000 and suspended for 10 business days. According to his online FINRA BrokerCheck report, Sullivan was registered with Ladenburg Capital Management, Ladenburg, Thalmann & Co., Granite Associates, Whitaker Securities, Newbridge Securities, JP Turner & Co., First Midwest Securities in Garden City, New York from March 2010 until August 2012, Brookville Capital Partners, Wilmington Capital Securities and Tryco Securities. He is currently registered with Legend Securities in Miller Place, New York and has been since March 2015. He has one customer dispute against him. If you would like to find out your options of suing Sullivan’s former firm, First Midwest Securities in the FINRA arbitration process on a contingency fee basis, please call our securities law firm based in Chicago to speak to an attorney for free.

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