Articles Tagged with PFS Investments

AdobeStock_35532974-1-300x200According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jermaine Joseph violated securities laws and PFS Investments firm policies. Allegedly, from June 2015 until March 2016, Mr. Joseph comingled more than $30,000 worth of customer funds with his own funds by depositing a check from the customer into an account he controlled. In April 2016, he also allegedly made false statements to PFS in connection with the firm’s investigation into him. In January 2014, he submitted a false compliance attestation to PFS in which he attested that he had no outside securities accounts. For this, he was barred from the industry. According to his FINRA BrokerCheck report, Mr. Joseph was registered with PFS Investments in Hialeah Gardens, Florida from April 2013 until February 2015, and PFS Investments in Hialeah Gardens from June 2015 until May 2016, and is not currently registered as a broker.

AdobeStock_82110313-1-300x125Stoltmann Law Offices continues to investigate Mike Lundy, also known as Mike Lundy Jr. or Barkley JW Lundy Jr., who was sentenced to five years in federal prison for allegedly taking $4.2 million of client money from 80 investors. He pleaded guilty to wire fraud in March 2017 and making and filing a false tax return. He allegedly put money into a fake investment company from 2000 until 2014, and then deposited that money into his own account, which he then used to pay for home remodeling, vacations and a new car. He was previously a broker with PFS Investments in Rapid City, South Dakota, and a judge ordered him to pay back $1.3 million to his victims and the money he never paid to the IRS. He has been barred from acting as a broker by the Financial Industry Regulatory Authority (FINRA). Lundy was registered with PFS Investments in Rapid City from September 1992 until August 2014, and has six customer disputes against him, one of which is currently pending. He has been barred from the industry. Please call us today if you suffered losses with Mr. Lundy. His former firm, PFS Investments, may be held liable for losses on a contingency fee basis, which means we only get paid if you recover your money. The call to us is free, so please call today. Attorneys are standing by.

AdobeStock_78306447-1-300x199You may be able to recover your losses with Mike Lundy, a former investment advisor with PFS Investments. Lundy previously worked from the Rapid City, South Dakota branch and was convicted of wire fraud and making and subscribing a false tax return. On May 9, 2017, he was sentenced to five years in prison, followed by three years of supervised release, and ordered to pay $1,368,671.96 in restitution to his victims, $257,399.00 in restitution to the IRS and a $200.00 assessment to the Federal Crime Victims Fund. Allegedly, Mr. Lundy encouraged his clients to invest in Associates Investments, which was a company he claimed offered investment opportunities in municipal bonds and other types of securities. It was not an investment firm in reality, and Lundy took the money from the investors and deposited it into a checking account that was controlled only by him. Many of the newer investors were paid out by money that came from the original investors. Lundy also allegedly used some of these funds for his own personal use and incorrectly reported his income to the Internal Revenue Service (IRS).
Mr. Lundy was registered with PFS Investments in Rapid City, South Dakota from September 1992 until August 2014. He has six customer disputes against him, one of which is currently pending. He has been permanently barred from the industry. Please call our Chicago-based law offices today if you suffered losses with Mr. Lundy. You may be able to recover your investment losses by filing a claim in the FINRA arbitration forum on a contingency fee basis. The call to us is free with no obligation.

AdobeStock_33766885-1-300x200Stoltmann Law Offices is investigating allegations made by the Financial Industry Regulatory Authority (FINRA) against Ronald Siemon, a former advisor registered with LPL in Albuquerque, New Mexico. Siemon was recently barred by FINRA after failing to respond to an investigation and arbitration claim filed against him. Siemon was the subject of two customer complaints, and his former firm, LPL, can be sued in the FINRA arbitration forum if you suffered any losses with Ronald Siemon. The firm had a duty to reasonably supervise him and it failed to do so. Siemon was previously registered with PFS Investments in Albquerque from April 1986 until December 2007 and LPL Financial in Albuquerque from November 2007 until December 2016. He has two customer disputes against him, is not registered with any firm currently, and has been permanently barred. Please call us today to find out how you can bring a claim against LPL Financial on a contingency fee basis. Attorneys are standing by for your no-cost consultation. There is no obligation.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Daniel Staudacher allegedly executed eight unauthorized transactions in two different customer accounts. He also engaged in unapproved securities-related communications with the same customers. These are against securities rules and regulations. Staudacher engaged in these practices from August 2015 until September 2015. According to his online FINRA BrokerCheck report, Staudacher is registered with PFS Investments Inc. in Dallas, Texas and has been since May 1997. He has one customer dispute against him. If you suffered losses with Daniel Staudacher, please call our securities law firm in Chicago at 312-332-4200 to speak to an attorney for free. We may be able to help you bring a legal claim against PFS Investments for not properly supervising him. We take cases on a contingency fee basis.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Kevin Paul Hudak violated securities laws. Hudak allegedly used non-authentic signatures on at least 25 forms required by his firm. He also allegedly provided false and misleading testimony regarding the forms. These are both against securities rules and regulations. Hudak had the customers sign blank forms, which he then photocopied and reused for future low-priced securities transactions. For this, he was barred from the securities industry.

Hudak was registered with PFS Investments in Duluth, Georgia from November 2001 until September 2005, Cetera Advisor Networks in Albuquerque, New Mexico from February 2006 until June 2014 and Foothill Securities in Albuquerque from June 2014 until October 2015. He is not licensed and has been permanently barred from the industry, according to his online FINRA BrokerCheck report.

Please call our law offices today if you suffered losses with Mr. Hudak. We may be able to recover those losses for you in the FINRA arbitration forum on a contingency fee basis. The call to us is free with no obligation. 312-332-4200.

According to the Financial Industry Regulatory Authority (FINRA), Norman D’Silva was accused of making unsuitable recommendations and guaranteed his variable annuity investment principal against market loan events. These are against securities rules and regulations. Please call our securities law offices today if you suffered losses with Norman D’Silva and wish to sue PFS Investments in the FINRA arbitration forum. The call is free with no obligation and attorneys are standing by. Norman D’Silva is registered with PFS Investments in Franklin, New Hampshire and has been since January 1994. He has three customer disputes against him. If you have suffered losses with Norman D’Silva, please call our Chicago-based securities law offices to speak to an attorney about your options of bringing a claim against PFS Investments in the FINRA arbitration forum on a contingency fee basis. We sue firms such as PFS Investments to recover financial losses for investors. 312-332-4200.

Stoltmann Law Offices is investigating Gerald Cipolla, a former registered adviser with PFS Investments in Rego Park, New York. Cipolla was barred by the Financial Industry Regulatory Authority (FINRA) after failing to respond to an investigation. FINRA was investigating him regarding allegations of potential conversion of 4,000 shares of stock in an IPO using funds from co-workers; complaints from customers making allegations of unsuitable investment recommendations and his potential failure to disclose certain financial events to his broker-dealer. These are against securities rules and regulations.

Cipolla was registered with PFS Investments in Rego Park, New York from May 1993 until August 2015. He has two customer disputes against him and seven judgments/liens. He is not licensed within the industry and has been permanently barred. Please call our securities law firm in Chicago to speak to an attorney about your options of suing Gerald Cipolla in the FINRA arbitration process to recover your losses. The call to us is free with no obligation. We take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating Marco Antonio Daniel, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Daniel is accused of borrowing $19,015 from a firm customer, and between August 2009 and June 2010, allegedly engaging in outside business activities. These are both against securities rules and regulations. For this, he was suspended from the industry for four months. According to his online BrokerCheck report, Daniel has been registered with PFS Investments since October 2005. He has one customer dispute against him. If you invested money with Marco Daniel, you may be able to bring a claim against him to recover your losses. Please call our Chicago-based securities law firm to speak to an attorney. The call is free and there is no obligation.

Stoltmann Law Offices is investigating Brian Pebley, a financial advisor in Johnstown, Colorado, who previously worked for Rainmaker Securities. Pebley is accused of soliciting at least one investor to invest with Ten X Holdings, in 2010, according to an Illinois Securities Department complaint. He may have solicited three other investors to do the same. In the past five years, notes for Ten X Holdings have stopped paying interest and investors have suffered financial losses. Pebley was registered with PFS Investments in Duluth, Georgia from July 2004 until November 2009, Brewer Financial Services in Chicago, Illinois from October 2009 until January 2010, Rainmaker Securities in Lakewood, Colorado from January 2010 until July 2010 and Packerland Brokerage Services in Loveland from January 2011 until August 2011. He is not currently licensed within the industry, according to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report.

If you invested money with Brian Pebley, his former firm, Rainmaker Securities, can be held liable for investment losses. They had a duty to reasonably supervise him while he was employed there. If they did not do so, they can be sued in the FINRA arbitration forum. Please call 312-332-4200 for a free consultation with one of our attorneys. We takes cases on a contingency fee basis only. Please call as soon as possible, as time is of the essence.

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