Articles Tagged with Thomas James Associates

AdobeStock_91053286-1-300x194If you or someone you know has lost money with James O’Keefe, you may be able to recover those losses by suing his former firm, Morgan Stanley, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Mr. O’Keefe was accused of recommending unsuitable stocks from 2001 until 2015. In 2014, he was accused of recommending unsuitable stock investments from October 2007 until September 2014. In a separate complaint, O’Keefe, while registered with Merrill Lynch, was accused of making unsuitable investments and churning accounts. Churning is an especially egregious violation of securities laws, in that it typically leads to large commissions for the broker when he trades in and out of securities, sometimes on a daily basis. It also typically leads to unnecessary fees for the client. Please call us today to speak to an attorney for free about your options of suing Morgan Stanley in the FINRA arbitration forum. The call is free with no obligation.
James W. O’Keefe was previously registered with Thomas James Associates from February 1988 until March 1988, Waddell & Reed from June 1988 until October 1988, Merrill Lynch in New York from January 1990 until August 2001, and Citigroup Global Markets in New York from August 2001 until June 2009. He is currently registered with Morgan Stanley in New York, and has been since June 2009. He has four customer disputes against him, alleging unsuitable stock purchases, churning, and other things. He has one criminal final disposition against him.

Stoltmann Law Offices is investigating Glenn Robert King, who was accused of engaging in misconduct while associated with Royal Alliance Associates, Inc. According to a recent Disciplinary Proceeding by the Financial Industry Regulatory Authority (FINRA), King fraudulently misrepresented and omitted material facts during securities sales to seven customers, engaged in unsuitable and excessive short-term trading of long-term investment products in the accounts of four customers and exercised discretion in the accounts of four customers without written consent and firm approval. For these transgressions, he was barred from the industry. Any customer who lost money with Glenn Robert King is urged to call our Chicago-based law offices to speak to an attorney about his options of suing King’s former firm, Royal Alliance. Royal Alliance had a duty to reasonably supervise him while he was employed there, and, because the firm did not, may be responsible for client losses. 312-332-4200. The call is free.

King was registered with Thomas James Associates, Dean Witter Reynolds, Citigroup Global Markets, Royal Alliance Associates in Lakewood, New Jersey from January 2005 until June 2011, Saxony Securities, Garden State Securities and Buckman, Buckman & Reid. He is not currently registered with any firm and has been permanently barred from the industry. He has 21 customer disputes against him, three of which are currently pending.

Stoltmann Law Offices is investigating Richard Marvin Muhlberg, a former registered representative with Sigma Financial Corporation, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Muhlberg is accused of borrowing $11,500 from a firm customer. This is against securities rules and regulations. For this, he was fined $10,000 and suspended from associating with any FINRA member firm in any and all capacities for three months.

Muhlberg was registered with Thomas James Associates in Rochester, New York from June 1992 until December 1992, Bryn Mawr Investment Group in Rosemont, Pennsylvania from November 1992 until September 1997 and Sigma Financial Corp in Cherry Hill, New Jersey from September 1997 until June 2015. He is not currently licensed within the industry. If you invested money with Richard Marvin Muhlberg, you may be able to sue his former firm, Sigma Financial, for investment losses. They had a duty to properly supervise him while he was registered with them. Please call our securities law firm in Chicago to speak with an attorney about your options. The call is free.

Stoltmann Law Offices is investigating Glenn Robert King, a former registered representative with Royal Alliance Associates. According to a Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding, King made fraudulent misrepresentations and omissions to seven Royal customers in connection with the sale of Unit Investment Trusts (UITs). King told the investors, all retirees, that he would use their investment funds to purchase no-risk bonds, and that he would not charge any fees or commissions on the transactions. In reality, King used the customers’ funds to purchase 44 UITs, resulting in $17,000 in realized losses to the customers, $43,000 in unrealized losses and $38,000 in commissions to King himself. This was against securities rules and regulations. From January 2013 through December 2014, he also allegedly exercised discretion in the accounts of four customers without their written authority. This was also against securities rules and regulations.

King was registered with Thomas James Associates in Rochester, New York from February 1992 until December 1992, Dean Witter Reynolds in Purchase, New York from October 1994 until November 1994, Citigroup Global Markets in New York, New York from October 1994 until December 2004, Royal Alliance Associates in Lakewood, New Jersey from January 2005 until June 2011, Saxony Securities in Lakewood from June 2006 until October 2011, Garden State Securities in Red Bank, New Jersey from October 2011 until November 2011 and Buckman Buckman & Reid in Shrewsbury, New Jersey from January 2012 until June 2015. According to his FINRA BrokerCheck report, he has 18 customer disputes against him, one of which is currently pending. He is not licensed within the industry.

If you or someone you know invested money with Glenn R. King, please consult our Chicago-based securities law firm at 312-332-4200 to speak to an attorney. The call is free with no obligation. His former firm, Royal Alliance Associates, may be responsible for your investment losses. We sue firms such as Royal Alliance in the FINRA arbitration forum.

Stoltmann Law Offices is investigating Khaled Eldaher, a former registered representative with ACAP Financial. The Securities and Exchange Commission (SEC) recently alleged that Eldaher sold customers over $300,000 of pre-IPO Facebook shares in 2012. He allegedly had an arrangement with another company that he would receive 50% of a markup on those sales. For this, he was suspended from the industry for six months and fined $15,000.

Eldaher was registered with the following firms: Thomas James Associates, AMR Securities, Bluebonnet Securities, Dallas Research & Trading, First Financial Investment Securities, Amerest Securities, Salomon Grey Financial, Shelman Securities, Barron Moore, PHD Capital and ACAP Financial in Salt Lake City, Utah from February 2011 until December 2013. He has one customer dispute against him and one criminal. He is not licensed within the industry. If you invested money with Khaled Eldaher, his former firm, ACAP Financial, may be responsible for your investment losses, because they had a duty to reasonably supervise him while he was employed there. Please call 312-332-4200 to speak to an attorney about your options of recovering money. The call is free and there is no obligation.

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