Articles Tagged with Stoltmann Law Offices

Have you lost money with either Daniel Dettlaff or Christopher Wacker of Park Avenue Securities in Brookfield, Wisconsin? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about your options of recovering your investment losses. We are securities attorneys who sue firms such as Park Avenue Securities in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis to recover money for investors. Please call us today for a free consultation. We may be able to bring a claim against the firm on your behalf.

FINRA alleged that Wacker lied about speaking to a client who wanted to sell securities. He did not, in fact, speak to the client, he only spoke to an unlicensed administrative assistant regarding the fabricated orders. This same assistant was alleged to have stolen $255,000 from two Park Avenue Securities customers by making unauthorized transfers from their accounts. These customers were serviced by Daniel Dettlaff. The misconduct occurred between 2010 and 2013. Wacker agreed to settle the allegations by paying a $5,000 fine and taking a two-month suspension.

According to his online BrokerCheck report, Dettlaff was registered with Northwestern Mutual Investment Services in Milwaukee, Wisconsin from October 1990 until January 1994, Robert W. Baird & Co. in Milwaukee from July 1992 until January 1994 and Guardian Investor Services in New York, New York from January 1994 until May 1999. He is currently registered with Park Avenue Securities in Brookfield, Wisconsin and has been since May 1999. He has one investigation against him.

Former Puerto Rico-based TransAmerica Financial Investors broker Pedro G. Seijo recently resigned from the firm while being under “internal review.” There were allegations that he was involved with “unauthorized check withdrawals” from two clients’ variable annuity contracts and subsequent deposits into “an unauthorized account.” Another customer alleged that he executed “unauthorized withdrawals and subsequent check deposits” in relation to a variable annuity investment. Seijo was registered with Transamerica Financial Advisors in San Juan, Puerto Rico from December 1991 until May 2016. He has two customer disputes against him, both of which are currently pending. He is not licensed within the industry. The attorneys at Stoltmann Law Offices are interested in speaking with those investors who may have lost money with Seijo, as we may be able to help them recover their losses on a contingency fee basis. We bring arbitration claims against firms such as Transamerica in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Please call today.

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.

Stoltmann Law Offices is investigating Bridgeport Oaks Fund LLC. The Financial Industry Regulatory Authority (FINRA) is investigating William Candler, former President and Chief Compliance Officer of ARI, who allegedly failed to establish an adequate supervisory system to ensure the sales of a number of private placements. One of the private placements he sold was Bridgeport Oaks Fund LLC. Candler failed to conduct adequate due diligence on Bridgeport Oaks Fund LLC, which turned out to be a ponzi scheme, and seven ARI customers lost at least $560,000. Bridgeport Oaks was a purported tenant-in-common (TIC) investment issued by Michael Franks, LLC, doing business as Lanis Securities. In May 2011, the U.S. Attorney’s Office for the Northern District of Illinois charged Michael Morawski and Frank Constant with running a $16 million fraud. If you invested with William Candler, ARI or Bridgeport Oaks Fund, you may be able to recover your losses by calling Stoltmann Law Offices today and speaking to one of our attorneys for free. We can discuss your options with you.

Today’s Wall Street Journal profiles a $1.2 million FINRA arbitration claim filed by Stoltmann Law Offices against Merrill Lynch.  The article details the abuses engaged in by the firm in selling the Strategic Return Notes to retail investors and our efforts to recover these losses through claims for fraud, unsuitable investment recommendations and lying about the risks associated with these investments (the entire article can be viewed at the following link http://www.wsj.com/articles/sec-readies-case-against-merrill-over-notes-that-lost-95-1466544740).  The case centers around secretly recorded phone conversations, secured by Stoltmann Law Offices, of 13 conversations between the Merrill Lynch financial advisors and senior Merrill Lynch executives, including Brian Partridge, head of U.S. product sales for Merrill’s wealth-management division at the time.  As alleged in our FIRNA Statement of Claim, the Merrill Lynch advisers were told on the calls not to suggest to their clients the product was flawed. “What you’d love to do is avoid customer complaint,” Mark Ryan, a manager at the firm, told the brokers. “We can’t just tell everyone, ‘Hey this is a defective product.’”

Due to the allegations we made in the Statement of Claim and in working with two major regulators, we were able to get Merrill Lynch fined for these sales practices in the amount of $15 million.  Both the Securities and Exchange and FINRA Enforcement fined Merrill Lynch for these abusive practices associated with the structured products (please see here for the SEC Enforcement action https://www.sec.gov/news/pressrelease/2016-129.html and here for the FIRNA Enforcement action https://www.finra.org/newsroom/2016/finra-fines-merrill-lynch-5-million-related-return-notes-sales).

If you’d like to learn how to sue Merrill Lynch for abusive structured product sales, please call our investment fraud firm in Chicago, Illinois.

Did you lose money with Steven H. Wine, formerly of UBS? If so, the attorneys at Stoltmann Law Offices in Chicago are interested in speaking to you. We represent investors who have lost money with brokerage firms in the Financial Industry Regulatory Authority (FINRA) arbitration process on a contingency fee basis. The call to us is free and attorneys are standing by to take your call.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Steven H. Wine was accused of signing client names to a total of twenty-three redemption request forms in order to effect, without their permission, his clients’ stated objective of redeeming their investments in certain funds that provided exposure to alternative investments classes. This is against securities rules and regulations, and UBS may be responsible for money losses during this time period (October 2013 until April 2014) because they failed to reasonably supervise Wine, allowing him to make these transgressions. For these, Wine was fined $5,000 and suspended from associating with any FINRA member firm for 45 calendar days.

Wine was registered with Terra Securities Corp from May 1986 until June 1986, Mesirow Investment Services from June 1986 until August 1989, and UBS in Chicago, Illinois from August 1989 until June 2014. He is currently registered with Stifel, Nicolaus & Company Inc. in Chicago and has been since June 2014.

Did you lose money with Frank J. Capuano of Royal Alliance Associates? If so, please call Stoltmann Law Offices in Chicago for a free consultation with an attorney. We may be able to help you recover those investment losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. We sue firms such as Royal Alliance Associates to help investors recover money. 312-332-4200.

Allegedly, Capuano sold $1.1 million worth of investments in Woodbridge Mortgage Investment Funds without authorization from his brokerage firm. He earned $34,000 in commissions from the sales of notes. For this, he was suspended from the industry for 12 months and fined $10,000. The Texas Securities Commission alleged that the sale of Woodbridge notes constituted the sale of unregistered securities in 2015. The Massachusetts Securities Division brought a similar claim against the firm in 2015, as well.

Frank J. Capuano was registered with CG Equity Sales Company from October 1977 until September 1981, Integrated Resources Equity Corp from April 1983 until November 1989, and Royal Alliance Associates in Holyoke, Massachusetts from November 1989 until July 2015. According to his online FINRA BrokerCheck report, he is not licensed within the industry.

Did you lose money with Apostolos Nicholas Papadea, formerly of Wells Fargo Advisors? If so, the attorneys at Stoltmann Law Offices may be able to help you recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum by calling 312-332-4200. The call is free to an attorney and there is no obligation. Please call today as time is of the essence with these cases, that we take on a contingency fee basis only. You may be able to sue his firm, Wells Fargo Advisors, for losses, as they may be responsible for them.

According to his Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Papadea was accused of exercising discretion in a customer’s account without written authorization from the customer. Allegedly, the misconduct took place between September 2015 and October 2015. Papadea effected 27 transactions in two customer accounts. For this, he was fined $5,000 and suspended from associating with any FINRA member firm for 20 business days in all capacities.

Papdea was registered with The Robinson-Humphrey Company in Atlanta, Georgia from June 1969 until November 2001 and Wells Fargo in Columbia, South Carolina from November 2001 until November 2015. He has three customer disputes against him.

Have you suffered losses in AEI Bloom Secondary I or II? If so, the securities attorneys of Stoltmann Law Offices may be able to help you recover your losses by filing an arbitration claim against the brokerage firm that sold you the investment. Claims are filed in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Compared to traditional investments such as stocks, bonds and mutual funds, alternative investments such as AEI Bloom are considerably more complex and involve a high degree of risk and liquidity. Many investors were not made aware of these risks by their brokers and brokerage firms in order for the brokers and firms to make large commissions off the sales. Please call our Chicago-based law firm for a free consultation with an attorney about your options of recovering your losses with Uniprop. We sue brokerage firms on behalf of clients on a contingency fee basis in the FINRA arbitration forum.

Have you suffered losses in KBS Real Estate Investment Trust Tender Offer (REIT)? If so, the securities attorneys of Stoltmann Law Offices may be able to help you recover your losses by filing an arbitration claim against the brokerage firm that sold you the investment. Claims are filed in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Compared to traditional investments such as stocks, bonds and mutual funds, REITs, such as KBS, are considerably more complex and involve a high degree of risk and liquidity. Many investors were not made aware of these risks by their brokers and brokerage firms in order for the brokers and firms to make large commissions off the sales. Please call our Chicago-based law firm for a free consultation with an attorney about your options of recovering your losses with Uniprop. We sue brokerage firms on behalf of clients on a contingency fee basis in the FINRA arbitration forum.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information