Articles Tagged with United States

The Financial Industry Regulatory Authority (FINRA) public records state that Joseph Zenker, registered representative with Raymond James, has received settled or pending customer complaints. Customers have alleged that Zenker breached his fiduciary duty, acted negligently, breached contract, made unsuitable investment recommendations, misrepresented and omitted material facts, committed fraud and violated Louisiana Blue Sky Law, among other transgressions. These are all against securities laws and regulations. Zenker was registered with NYLife Securities in New York, New York from February 1996 until November 1999, The Equitable Life Assurance Socirty of the United States in New York from November 1999 until January 2000, AXA Advisors in New York from November 1999 until August 2001 and Citigroup Global Markets in Nashville, Tennessee from August 2001 until April 2009. He is currently registered with Raymond James in Nashville and has been since March 2009. He has four customer disputes, one of which is currently pending.

Stoltmann Law Offices is investigating Darrin B. Farrow, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Allegedly, between 2012 and 2015, while registered with Royal Alliance, Farrow participated in two undisclosed outside business activities. He also participated in six undisclosed private securities transactions with firm customers involving the sale of $1 million of membership interests in one of his outside business activities. Farrow founded MAD Farmaceuticals (MAD Farma) in June 2012. In February 2015, Farrow formed MAD Oregon LLC as a Delaware limited-liability company. It grows cannabis and supplies it to dispensaries throughout Oregon. In early 2015, he solicited six Royal Alliance customers to invest in MAD Oregon. These six investors paid a total of $1 million to purchase membership interests in MAD Oregon. These six paid a total of $1 million to purchase membership interests in MAD Oregon. This is against securities rules and regulations. For this he was suspended for 12 months and fined $25,000.

Farrow was registered with The Equitable Life Assurance Society of the United States, Equico Securities, Vestax Securities Corp, Linsco/Private Ledger Corp, Waterstone Financial Group, Triad Advisors, Royal Alliance Associates and Triad Advisors in Rocky River, Ohio from June 2015 until May 2016. He has one customer dispute against him. He is not licensed within the industry, according to his FINRA BrokerCheck report. Please call our law firm at 312-332-4200 to speak to an attorney about your options of recovering money you may have lost with Farrow. The call is free.

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Stoltmann Law Offices is investigating Anthony Gary Epps, a former broker with NYLife Securities in White Plains, New York. Epps recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) in which he was suspended from associating with any member firm for one year. According to his AWC, FINRA found that Epps allegedly participated in an undisclosed private securities transaction by investing his personal funds in a privately-held startup company, NHJ. He also allegedly referred at least four potential investors to invest in the NHJ and provided information to them regarding the company over the telephone. FINRA also alleged that Epps participated in meetings between NHJ managers and customers. These are against securities rules and regulations.

Epps was registered with The Equitable Life Assurance Society of the United States from May 1982 until September 1985, Equico Securities from May 1982 until September 1985, Life Planning Inc. from August 1985 until July 1987, NYLife Securities in Rye, New York from July 1987 until June 2009, NYLife Distributors in Sleepy Hollow, New York from September 2009 until March 2012 and NYLife Securities in White Plains, New York from June 2012 until June 2013. He has four customer disputes against him, according to his FINRA BrokerCheck report.

If you lost money with Anthony Gary Epps, please call our securities law firm at 312-332-4200 to speak to an attorney. We sue firms such as NYLife Securities to recover money for investors. They may be liable for investment losses. The call is free with no obligation and we take cases on a contingency fee basis only.

Stoltmann Law Offices is investigating Phillip Andrew Johnson, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to his AWC, Johnson borrowed $322,000 from a firm customer, but did not notify SunTrust of his activities. This is against securities rules and regulations. FINRA fined him $5,000 and suspended him from the industry for three months. In 1980, the state of Tennessee ordered Johnson to cease and desist from selling securities in the state, revoked his registration and suspended him for 30 days.

Johnson was registered with Tanley and Oakley Investment Co. from March 1976 until March 1982, The Equitable Life Assurance Society of the United States in New York, New York from August 1981 until January 2000, AXA Advisors in New York from August 1981 until February 2003 and SunTrust Investment Services in Nashville, Tennessee from February 2003 until May 2015. He has one customer dispute against him. He is not licensed within the industry. If you invested and lost money with Phillip Andrew Johnson, you may be able to bring a claim against his former firm, SunTrust, for investment losses. They had a duty to reasonably supervise him while he was employed there. Please call 312-332-4200 for a free consultation with an attorney. There is no obligation and we take cases on a contingency fee basis.

Stoltmann Law Offices is investigating Ronald Benevento, a former American Portfolios Financial Services registered representative. The Financial Industry Regulatory Authority (FINRA) alleged that between September 2011 and April 2013, Benevento engaged in unsuitable mutual fund switching in three customer accounts. FINRA also alleged that he mismarked 15 order tickets as “unsolicited.” Benevento allegedly recommended 29 mutual fund switch transactions in three customer accounts without having reasonable grounds for believing that the transactions were suitable for the customers due to the frequency of the transactions and the fees incurred. Benevento recommended the customers sell Class A mutual fund shares within two to three months after purchasing them. Typically, Class A shares are meant to be held for a longer period of time than two to three months because of their high up-front fees.

Benevento was registered with The Equitable Life Assurance Society of the United States in New York, New York from February 1997 until January 2000, AXA Advisors in Melville, New York from February 1997 until February 2010 and American Portfolios Financial Services in Holbrook, New York from March 2010 until March 2015. He has two customer disputes against him. He is not currently licensed within the industry. Because American Portfolios allowed Benevento to make unsuitable mutual fund switches because they did not supervise him adequately, the firm may be responsible for your investment losses with Benevento. If you lost money with him, please call our securities law firm in Chicago at 312-332-4200 to speak with one of our attorneys. We can help you bring a claim against American Portfolios to help you recover your financial losses. The call is free. We are based in Chicago, Illinois.

The Financial Industry Regulatory Authority (FINRA) recently barred former Securities America broker Judith Woodhouse for allegations that she violated firm policies related to the borrowing of funds. She is also accused of selling private placements and for being involved in private securities transactions that totaled over $500,000. For this, she was fined $10,000 and suspended for three months.

Judith Woodhouse was registered with The Equitable Life Assurance Society of the United States from June 1998 until January 2000, AXA Advisors in New York, New York from June 1998, United Planners’ Financial Services of America from January 2003 until May 2004, Centaurus Financial in Anaheim, California from May 2004 until February 2005, EPlanning Securities from February 2005 until December 2008, and Securities America in Irvine, California from July 2013 until September until 2014. She has one customer dispute against her. She is no longer licensed within the industry and FINRA permanently barred her from associating with any firm.

Firms such as Securities America have a duty to reasonably supervise their brokers, and, if they do not, can be held liable for investment losses. If you lost money with Judith Woodhouse, Securities America can be sued in the FINRA arbitration forum on a contingency fee basis. Please call our securities law firm at 312-332-4200 to speak to an attorney about your options. The call is free with no obligation.

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