Articles Tagged with Signator Investors

AdobeStock_199789587-300x200Stoltmann Law Offices has learned that Dee Dee Brooks, a former Signator Investors registered investment advisor has resigned from the firm because of her alleged involvement with the sale of unregistered securities. Brooks was one of Woodbridge Group of Companies’s agents, and Woodbridge operated a billion dollar ponzi scheme that defrauded over 8,000 investors. Dee Dee Brooks also operated an insurance company called Surf City Insurance Services which may have been used to conceal investments. Signator Investors may have failed in its duty to reasonably supervise Ms. Brooks, and, because it did, may be liable for investment losses on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA) arbitration forum.
Ms. Brooks was previously registered with Lincoln Financial Securities Corp in Huntington Beach, California from August 2003 until April 2009, Signator Investors in Irvine, California from July 2015 until July 2015, SCF Securities in Huntington Beach from April 2009 until July 2015, and Signator Investors in Huntington Beach from July 2015 until June 2018. She is not currently registered as a broker, according to her online, FINRA BrokerCheck report.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), James Kolf was accused of making material misrepresentations and omissions in the sale of at least $588,000 in purported securities of FSN Financial Network to twelve firm customers. The securities were not real and Kolf used the funds to pay his business and personal expenses. Between October 2013 and July 2014, Kolf recommended and sold at least $588,000 in securities of FSN Financial Network to twelve firm customers at the interest rate of six percent. These securities did not exist. For this he was barred from the industry.
According to his FINRA online BrokerCheck report, Kolf was registered with John Hancock Mutual Life Insurance Company in Boston, Massachusetts from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015 , MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison from May 2016 until August 2016. He is not licensed and FINRA has permanently barred him from the industry. Please call our securities law firm at 312–332–4200 for a free consultation with an attorney to discuss your options of suing New England Securities for investment losses on a contingency fee basis.

Stoltmann Law Offices is investigating Kyle Murphy, who was recently terminated from ClearView Financial following allegations he accepted a personal loan from a client. While registered with NYLife Securities, Murphy allegedly misrepresented the surrender charges associated with an annuity product, which is also against securities laws. Murphy was registered with NYLife Securities in Glen Allen, Virginia from September 2000 until February 2016 and Signator Investors in Henrico, Virginia and has been since October 2016. He has two customer disputes against him, one of which is currently pending. If you suffered losses with Kyle Murphy, you may be able to bring a legal claim against his former firm, Signator Investors in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Please call 312-332-4200 today to speak to an attorney for free. There is no obligation. Attorneys are standing by to take your call.

AdobeStock_50775754-2-300x200James P. Kolf, a former registered broker in Sauk City, Wisconsin, was recently accused of setting up a phony investment venture that used hundreds of thousands of dollars to pay his personal bills. Kolf set himself up as sole proprietor of SFN Financial Network, which was a fictitious company. Allegedly, between 2011 and 2016, he defrauded 14 investors out of $905,000 in amounts from $9,000 to $150,000, promising to invest the funds in energy companies and returns of six to eight percent annually. At least eight of his customers liquidated accounts to move the money to Kolf’s fake investment. Kolf allegedly paid $47,572 in phony investment payments to convince early investors they were making money and mailed false account statements to investors reflecting re-investments of their interest, according to a consent order. He used the rest of the money to make car payments, pay legal bills and to pay federal tax bills and to make home improvements. These are all against securities laws.

Kolf was registered with John Hancock in Boston, Massachusetts from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015, MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison, Wisconsin from May 2016 until August 2016. He has five customer disputes against him, four of which are currently pending. Please call our law firm today to speak to an attorney if you suffered losses with Mr. Kolf. We may be able to sue his former firm, New England Securities, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis.

AdobeStock_49363801-1-300x200Did you lose money with Brian Murphy and his firm, Murphy Financial Advisors? If so, please call our Chicago-based law firm at 312-332-4200 to speak to an attorney about your options of recovering your losses. Mr. Murphy was arrested after being accused of stealing nearly $900,000 from a client. Allegedly, the client gave money to Murphy in March 2011 to be invested in mutual funds, but, instead, Murphy spent the money on personal expenses, private school tuition, a car dealer and an attorney. He then allegedly tried to get the client to sign a document stating that the money was given to him as a loan. This is against securities laws.

According to his online FINRA BrokerCheck report, Mr. Murphy was registered with Metropolitan Life Insurance Company in Mount Laurel, New Jersey from December 2006 until July 2007, AXA Advisors in Marlton, New Jersey from January 2008 until February 2008, MetLife Securities in Moorestown, New Jersey from December 2006 until December 2014 and Signator Investors in Yardley, Pennsylvania from July 2015 until July 2016. He has two customer disputes against him, one of which is currently pending.

Stoltmann Law Offices is investigating Scott Muirhead, who was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Allegedly, Muirhead engaged in unapproved private securities transactions, also known as “selling away.” This is when a broker offers and sells a security that is not held by his brokerage firm. It is typically to gain commissions that do not need to be shared with his firm. It is against securities rules and regulations. If you invested money with Scott Muirhead, you may be able to recover your losses in the FINRA arbitration forum on a contingency fee basis. To talk about your possible claim with one of our securities attorneys, please call our Chicago-based offices at 312-332-4200 today. The call is free with no obligation. We sue firms such as Merrill Lynch to recover money lost.

Muirhead was registered with Lincoln Financial Advisors Corp in Dallas, Texas from June 2006 until April 2008, Princor Financial Services Corp in Sachse, Texas from April 2008 until September 2010, Bright Trading in Las Vegas, Nevada from September 2010 until March 2011, Signator Investors in Dallas, Texas from June 2011 until June 2012, Multi-Finance Securities in Sachse from June 2012 until November 2012 and Merrill Lynch in Jacksonville, Florida from March 2014 until December 2014. He has one criminal disposition against him. He is not licensed and has been barred from the industry, according to his FINRA online BrokerCheck report.

According to a recent Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA), Thomas A. Vigil was accused of impersonating a customer on a call to an insurance company in order to obtain an annuity surrender form, falsifying the same customer’s rollover request form, and forging a second customer’s signature on a change of broker-dealer form. This is against securities rules and regulations. In October 2012, Vigil allegedly called another insurance company and falsely identified himself as a customer to obtain an annuity surrender form. In January 2014, Vigil falsified a rollover form for a customer by whiting out the date on an earlier, validly signed form and writing in the current date. This is also against securities rules and regulations. For this he was fined $7,500 and suspended from the industry for six months.

According to his FINRA online BrokerCheck report, Vigil was registered with Robert W. Baird & Co., Northwestern Mutual Investment Services, Fidelity Investments Institutional Services Co., Metropolitan Life Insurance Co., MetLife Securities in Westboro, Massachusetts from December 2002 until January 2014, Signator Investors in Warwick, Rhode Island from December 2013 until July 2014 and Investors Capital Corp in Saunderstown, Rhode Island from September 2014 until October 2014. He is currently registered with Infinity Financial Services in Saunderstown and has been since October 2014. He has three customer disputes against him.

Did you lose money with David Ross, formerly of Woodbury Financial Services? If so, the attorneys of Stoltmann Law Offices may be able to help you recover your financial losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. We help clients sue firms such as Woodbury because the firm allows misconduct of their brokers. Please call 312-332-4200 today. The call is free with no obligation. Attorneys are standing by to take your call.

David Ross was discharged from Woodbury Financial in April 2016 after allegations that he failed to disclose an outside business activity to his firm. This is against securities rules and regulations. He was also accused of executing unauthorized trades while employed at Signator Investors. He has multiple tax liens against him and one customer dispute. He was registered with Pruco Securities in Newark, New Jersey from March 1998 until June 1999, Hornor, Townsend & Kent in Horsham, Pennsylvania from June 1999 until December 2000, Signator Investors in Murfreesboro, Tennessee from December 2000 until May 2010 and Woodbury Financial Services in Murfreesboro from May 2010 until April 2016. He is not licensed within the industry.

Alfred Chan, a former NI Advisors broker in Oakland, California has been sanctioned by the Financial Industry Regulatory Authority (FINRA). In March 2016, he allegedly sold index annuities valued at approximately $2.5 million through an outside business activity. He was discharged from Signator Investors, another former firm, following allegations he failed to follow firm policy regarding unapproved advertising materials, unapproved seminar activity and the sale of unapproved indexed annuities. He was registered with WMA Securities, Metropolitan Life Insurance Company, MetLife Securities, Pension Planners Securities, Financial Network Investment Corp, Associated Securities Corp, LPL Financial Corp, Signator Investors, and NI Advisors in Oakland, California from December 2013 until January 2016. He is not currently registered with any member firm. He has two customer disputes against him, one of which is currently pending. Please call our law offices today if you would like to speak to an attorney about your options of suing Alfred Chan in the FINRA arbitration claims forum on a contingency fee basis. The call is free.

Stoltmann Law Offices is investigating Morissa Rivo, a former registered representative with Signator Investors in Boca Raton, Florida, who was recently barred from the securities industry by the Financial Industry Regulatory Authority (FINRA). FINRA investigated Rivo after she was terminated from Signator Investors. At the time, she was also under investigation by the Florida Department of Financial Services in 2015. Brokerage firms such as Signator Investors have a duty to adequately supervise all representatives registered with their firm. The firm must also ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If it does not, the firm may be liable for investment losses sustained by customers of the firm. Please call our securities law firm in Chicago to speak to one of our attorneys about your options. The call is free with no obligation and we take cases on a contingency fee basis only, which means we do not make money unless you recover it.

Rivo was registered with Metropolitan Life Insurance Co in Staten Island, New York from June 2006 until July 2007, MetLife Securities in Staten Island from June 2006 until November 2013 and Signator Investors in Boca Raton, Florida from February 2014 until May 2015. She has three customer disputes against her, one of which is currently pending. She is not licensed within the industry and has been permanently barred.

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