Articles Tagged with Maryland

Stoltmann Law Offices is investigating Dennis H. Cambal, a former registered representative with JHS Capital. According to the Financial Industry Regulatory Authority (FINRA), Cambal has been accused of making excessive trades, failing to follow customer instructions, making unsuitable investment recommendations and effecting unauthorized trades while registered with several broker-dealers since 1983. Massachusetts regulators determined that Cambal should be supervised on a heightened basis while registered with NBC Securities Inc. NBC shall not permit Cambal to have any principal, supervisory or managerial duties while associated with NBC. NBC shall not permit Cambal to possess or exercise discretion in the handling of Massachusetts customer accounts, and NBC shall ensure that Cambal’s Massachusetts customers are satisfied with Cambal’s services.

Cambal was registered with Thomson McKinnon Securities in New York, New York from September 1983 until August 1989, Prudential Securities Inc. in New York from August 1989 until August 1995, Legg Mason Wood Walker in Baltimore, Maryland from August 1995 until August 2005, RBC Capital Markets in Osterville, Massachusetts from August 2005 until October 2011 and JHS Capital Advisors in Osterville from October 2011 until August 2015. He is currently registered with NBC Securities in Yarmouth, Massachusetts and has been since August 2015. He has nine customer disputes against him.

Stoltmann Law Offices is investigating John Charles Kautter, who recently had an Order Accepting Offer of Settlement by the Financial Industry Regulatory Authority (FINRA). According to the FINRA findings, an elderly customer was serviced by a representative, George Hoffman, at New England Securities. The client transferred $36,000 to Hoffman, which he then put into his personal bank account. This was against securities rules and regulations. Shortly after this occurred, Hoffman called John Charles Kautter and asked him to accept a wire of funds for the total amount. Kautter did not further question the transfer, and failed to make a reasonable inquiry into the specific facts concerning the transaction before it was facilitated. Kautter failed to obtain information about the reason behind the transfer of funds, and the source of the funds. After that, Kauffman, wired $35,975 back to Hoffman’s personal banking account.

According to his FINRA BrokerCheck report, Kautter was registered with Morgan Stanley in Purchase, New York from September 2002 until November 2005, Merrill Lynch in Baltimore, Maryland from November 2005 until February 2010 and New England Securities in Bethesda, Maryland from March 2010 until February 2013. He has one customer dispute against him. He is not licensed within the industry. If you or someone you know lost money with John Charles Kautter, please call our securities law firm in Chicago for a free consultation with an attorney. We may be able to help you recover your investment losses.

Stoltmann Law Offices is investigating Gilbert Kuta and his firm, Capitol Securities, in Timonium, Maryland. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Kuta allegedly recommended unsuitable investments in mutual funds and unit investment trusts, improperly used margin, generated high commissions, misrepresented material facts related to a municipal bond, and engaged in conduct inconsistent with just and equitable principles of good trade, among other transgressions.

Gilbert Kuta was registered with Merrill Lynch from December 1982 until July 1984, Laidlaw Ansbacher Inc. from July 1984 until February 1985, A.G. Edwards & Sons in St. Louis, Missouri from February 1985 until September 1989, Painewebber Inc. in Weehawken, New Jersey from September 1989 until December 1992, Lehman Brothers in New York, New York from December 1992 until July 1993, Smith Barney Shearson in New York, New York from July 1993 until January 1994, Ferris Baker Watts in Hunt Valley, Maryland from February 1994 until March 2009 and RBC Capital Markets Corp in Hunt Valley from March 2009 until September 2009. He is currently registered with Capitol Securities in Timonium, Maryland and has been since August 2009. He has seven customer disputes against him.

If you invested money with Gilbert A. Kuta, please call our securities law firm at 312-332-4200 to speak to an attorney about your options. You may be able to sue his firm, Capitol Securities, 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 Mindy Adelman, a former broker with Sterne Agee. Adelman entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Her AWC alleged that she impersonated more than a dozen customers in telephone calls with an insurance company, in order to obtain information about their accounts. Adelman did this by giving the insurance company pertinent and personal information about the clients and did it without the client’s consent or knowledge. For this she was suspended from the industry for one year and fined $7,500.

Adelman was registered with Hornor, Townsend & Kent in Hunt Valley, Maryland from July 2008 until November 2010 and Sterne Agee in Owings Mills, Maryland from October 2010 until September 2014. If you invested and lost money with Mindy Adelman, her former firm, Sterne Agee, can be held responsible for your losses. Please call our securities law offices at 312-332-4200 to speak to an attorney for a free consultation. There is no obligation and we take cases on a contingency fee basis. We sue firms such as Sterne Agee in the FINRA arbitration forum.

Stoltmann Law Offices is interested in speaking with investors who invested money with Joseph R. Butler, a former registered representative with Woodbury Financial. The Financial Industry Regulatory Authority (FINRA) barred Butler in all capacities for converting a customer’s funds and submitting a false annuity beneficiary change request. The customer was suffering from declining mental health, and Butler allegedly converted more than $170,000 and named himself the primary beneficiary and heir on the policy he sold her. Butler befriended the elderly widow and for years, wrote and cashed checks to himself out of the customer’s account, on top of opening the annuity and naming himself as the beneficiary. He also added himself to the customer’s bank accounts without her knowledge. These are against securities rules and regulations.

Joseph R. Butler was registered with Woodbury Financial Services in Clinton, Maryland from June 1997 until August 2012. He is currently registered with Innovation Partners in Charlotte, North Carolina and has been since October 2012. He has two customer disputes against him, one of which is currently pending. If you invested money with Butler, please call our securities law offices at 312-332-4200 to speak to an attorney about your options. We may be able to help you recover your money in the Financial Industry Regulatory Authority (FINRA) arbitration process. The call is free with no obligation. We sue firms such as Woodbury Financial for not properly supervising representatives such as Butler. They can be held liable for money losses.

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Stoltmann Law Offices is investigating Dawn Bennett and her company, Bennett Group Financial Services in Washington, D.C. The Securities and Exchange Commission (SEC) alleged that she and her company misrepresented the amount of investments her company had under its management by over $1.5 billion. Bennett had her own radio show called “Financial Myth Busting with Dawn Bennett.” Bennett was registered with Wheat, First Securities Inc. in Charlotte, North Carolina from March 1987 until August 1996, Legg Mason Wood Walker in Baltimore, Maryland from August 1996 until February 2006, Citigroup Global Markets in New York, New York from February 2008 until February 2006 and Royal Alliance Associates in Washington, D.C. from February 2006 until October 2009. She is currently registered with Western International Securities in Washington, D.C. and has been since October 2009. She has six customer disputes against her, three of which are pending. If you invested money with Dawn Bennett and Western International Securities, please call our securities law firm in Chicago at 312-332-4200 to speak to an attorney. The call is free with no obligation. We help investors recover money by suing firms such as Western International.

Norma M. Skeete, a former registered representative with PFS Investments, allegedly made negligent misrepresentations to a customer of PFS’s, in connection with a loan that the customer made to a real estate venture. For this, she was fined $2,500 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) firm for 20 business days. Skeete was registered with First American National Securities Inc. from August 1983 until February 1984 and PFS Investments in Camp Springs, Maryland from May 1984 until October 2011. She is not currently licensed or registered with any FINRA member firm. Her former firm, PFS Investments has a duty to reasonably supervise its registered representatives, and, if they do not, can be sued in the FINRA arbitration forum for investment losses. Please call Stoltmann Law Offices at 312-332-4200 to speak to an attorney about your investment recovery options. We take cases on a contingency fee basis only.

The Securities and Exchange Commission (SEC) has barred James R. Glover, a former Maryland investment advisor, for allegedly raising more than $13 million in a real estate investment scam. Glover raised $13.5 million from 125 investors who he solicited to invest in Colonial Tidewater Realty Income Partners LLC. Glover was a managing member of Colonial Tidewater, and he told the investors that it was a Signator sanctioned investment, when, in fact, it was not. Glover also failed to mention that he was personally involved with Colonial Tidewater. This is commonly referred to as “selling away” and is when a broker solicits an investment that is not offered by his investment firm. It is against securities rules and regulations. Signator Investors can be sued for failing to properly supervise Mr. Glover. They had a duty to do so while he was employed there, and because they did not, can be held liable for investment losses. Please call Stoltmann Law Offices at 312-332-4200 to speak with an attorney. The call is free with no obligation. We are securities attorneys who take cases on a contingency fee basis, so we don’t receive compensation unless you do.

James R. Glover was registered with G.R. Phelps & Co. from September 1984 until March 1996, MML Investors Services in Springfield, Massachusetts from March 1996 until December 1997, New England Securities in New York, New York from November 1991 until May 1998 and Signator Investors in Towson, Maryland from May 1998 until May 2012. He has 79 customer disputes against him, two of which are currently pending. He is not currently licensed within the industry and the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker or investment advisor.

Stoltmann Law Offices is investigating Cory D. Williams, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Williams is accused of allegedly participating in at least 125 private securities transactions without providing written notice to his firm, Signator Investors. During the period of May 2004 and Januarey 2012, Williams sold securities in Colonial Tidewater Realty Income Partners, garnering $94,000 in commissions. This is against securities rules and regulations. He is accused of allegedly authorizing wire transfers of funds from customer accounts at the firm to Colonial and manually adding outside holdings to consolidated statements that were sent to the customers.

Williams was registered with New England Securities in New York, New York from November 1997 until December 1998, Signator Investors in Towson, Maryland from May 1998 until March 2013 and NBC Securities in Hunt Valley, Maryland from April 2013 until September 2013. He has three customer disputes against him. He is not currently licensed within the industry, nor is he registered with any FINRA member firm.

If you lost money with Cory D. Williams, his former firm, Signator Investors, may be liable for investment losses. Please call our securities law firm in Chicago at 312-332-4200 to speak with an attorney about your options of suing Signator for financial losses. The call is free with no obligation. We take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating Michael Highfill, a former Merrill Lynch broker in Ridgeland, Mississippi. The Financial Industry Regulatory Authority (FINRA) barred him from the securities industry after he failed to disclose an outside business activity to his firm. Highfill was also the subject of a $286,000 civil judgment in 2014. He was registered with J.C. Bradford & Co. in New York, New York, Trustmark Financial Services in Jackson, Mississippi, Legg Mason Wood Walker Inc. in Baltimore, Maryland, Morgan Stanley in Ridgeland, Mississippi and Merrill Lynch in Ridgeland from July 2008 until May 2015. He is not licensed and FINRA permanently barred him from the industry. If you lost money with Michael Highfill, his former firm, Merrill Lynch, may be responsible for your monetary losses. Please call Stoltmann Law Offices at 312-332-4200 to speak with an attorney about your options. The call is free with no obligation.

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