Articles Tagged with Mony Securities Corp

Stoltmann Law Offices is investigating Bradley Friedmark, a former broker with ProEquities Inc. Mr. Freidmark allegedly held several lunch seminars where investors were sold real estate investment trusts (REITs) in Behringer Harvard and private placements such as Leaf Equipment. A REIT is a type of security that invests in real estate through mortgages or property and trades similar to a stock. REITs tend to be very risky and illiquid investments that are not suitable for all investors. Private placements are securities offerings exempt from registration with the SEC. Private placements are also risky investments. A client should only be sold a REIT or a private placement once a full background check of his age, net worth, investment sophistication and investment objectives are clearly stated and understood. If a broker sells a risky and unsuitable investment to a client, and that client loses money because of it, the broker’s investment firm may be responsible for investment losses because that firm was not reasonably supervising the broker.

Freidmark was registered with Mony Securities Corp in New York, New York from January 1998 until February 1999, The Lincoln National Life Insurance Company in Fort Wayne, Indiana from February 1999 until March 2000, and ProEquities Inc. in Otsego, Minnesota from March 2000 until August 2015. Please call our Chicago-based securities law firm today for a free consultation with one of our attorneys if you feel you may have a claim to bring against Freidmark and ProEquities. We may be able to take your case on a contingency fee basis to recover your investment losses.

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 Stephen Marc Biley, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). He is currently registered with Spencer Edwards. He was accused of participating in the sale of unregistered shares of four over-the-counter penny stocks on behalf of three customers between January and April 2011. He allegedly deposited and liquidated over 3.5 billion penny stock shares of four issuers, including Encounter Technologies, Strategic Management and Opportunity Corp, All-State Properties Holdings and Greene Concepts, receiving a total of over $1.6 million in proceeds. This is against securities rules and regulations. For this, Biley was fined $30,000 and suspended from associating with any FINRA member firm in any capacity for 30 days.

Biley was registered with John Hancock Mutual Life Insurance in Boston, Massachusetts from July 1993 until July 1995, John Hancock Distributors in Boston from July 1993 until July 1995, Mony Securities Corp in New York, New York from June 1995 until January 1996, Royce Investment Group in Woodbury, New York from February 1996 until October 1996, Corporate Securities Group in St. Louis, Missouri from September 1996 until November 1997 and Lumiere Securities Inc. in Denver, Colorado from November 1997 until December 1998. He is currently registered with Spencer Edwards in Centennial, Colorado and has been since January 1999.

If you invested money with Stephen Marc Biley, please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney. We take cases on a contingency fee basis only, which means we do not receive money unless you recover yours. The call is free with no obligation. We sue firms such as Spencer Edwards in the FINRA arbitration process for not properly supervising their brokers. They can be held liable for your investment losses because of this.

Stoltmann Law Offices is investigating Russell Grosjean, a registered representative with Hazard & Siegel in Cheektowaga, New York. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Grosjean was accused by customers of losing their investment principal. He was also accused of participating in “a scheme to manipulate the effective dates of his association with Wall Street Financial Group and Mid Atlantic Capital.”

Russell Grosjean was registered with H.C. Copeland and Associates Equities in Somerset, New Jersey from March 1984 until August 1991, Mony Securities Corp in New York, New York from August 1991 until January 1994, Diversified Investors Securities Corp in Harrison, New York from January 1994 until June 1995, Securities America in Cheektowaga, New York from May 1996 until October 2006, Wall Street Financial Group in Hamburg, New York from February 2007 until September 2011 and Mid Atlantic Capital Corporation in Buffalo, New York from September 2011 until August 2013. He is currently registered with Hazard & Siegel in Cheektowaga and has been since September 2013. He has three customer disputes against him, all of which are currently pending.

If you invested money with Russell Grosjean, please call our securities law office at 312-332-4200 to speak with an attorney. The call is free with no obligation. We may be able to help you bring a claim against Grosjean’s firm, Hazard & Siegel. They had a duty to reasonably supervise him, and, because they did not, can be liable for investment losses. Please call as soon as possible because time is of the essence.

Do you have a complaint against LPL Financial broker, Jamie Spencer Head? If so, please call Chicago-based Stoltmann Law Offices at 312-332-4200 for a free consultation with an attorney. We sue firms such as LPL in the Financial Industry Regulatory Authority (FINRA) arbitration forum to recover money for retail investors. LPL can be held liable for financial losses because of their inability to reasonably supervise brokers such as Jamie Spencer Head. Mr. Head has been accused of recommending unsuitable investments to customers between the years of 2006 and 2012. He also was accused of violating sales practices in 2011. He has one customer dispute against him. He was registered with Mony Securities Corp from June 1984 until March 1985, John Hancock Mutual Life Insurance Company in Boston, Massachusetts from May 1985 until May 1997 and Signator Investors, also in Boston, from May 1985 until June 1999. He is currently registered with LPL Financial in Oklahoma City, Oklahoma, and has been since May 1999.

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