Articles Tagged with Vogel Securities

Stoltmann Law Offices is investigating David Braeger, a former advisor with Newport Coast Securities. Brager allegedly misappropriated or stole $30,000 from a couple. The couple gave the money to Braeger to invest in Rubicon Capital Appreciation Fund, a fund which he managed. Braeger then allegedly failed to deposit the money in the fund and deposited it elsewhere. He then allegedly told the couple until 2014 that Rubicon was still open, even though it closed in 2010. In December 2017, the Financial Industry Regulatory Authority (FINRA) found that Braeger made misappropriations about Rubicon. He was then barred from the industry for these violations. That is against securities laws and internal firm rules.

Mr. Braeger was previously registered with McLaughlin, Piven, Vogel Securities, Painewebber Inc., Bear, Stearns, Mesirow Financial Inc., Everen Securities, Raymond James, Sanders Morris Harris, Legg Mason Wood Walker, A.G. Edwards & Sons, Delta Equity Services, Brookstreet Securities, Newport Coast Securities in Irvine, California from October 2008 until January 2012, Accelerated Capital Group in Irvine from January 2012 until May 2012, Arque Capital in Gardena, California from May 2012 until February 2013 and Midtown Partners in New York, New York from January 2014 until July 2014. He has one regulatory action pending against him, and is not currently registered as a broker within the industry.

According to a recent Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA), Robert Tuffy, while a registered broker with Wells Fargo, executed six trades in two accounts of a customer, without receiving the customer’s authorization. For this, Tuffy was suspended from the industry for 20 business days and fined $5,000. According to his online FINRA BrokerCheck report, Tuffy was registered with McLaughlin, Piven, Vogel Securities, Americorp Securities, WJ Nolan & Co., Gruntal & Co., Ryan, Beck & Co., Janney Montgomery Scott and Wells Fargo Advisors in East Brunswick, New Jersey from September 2006 until November 2015. He has three customer disputes against him, one of which is currently pending. If you invested money with Robert Tuffy, please call our Chicago-based securities law firm today to speak to an attorney to discuss your options of bringing a claim against Wells Fargo for failing to properly supervise its registered representatives. We take cases on a contingency fee basis only.

Stoltmann Law Offices continues to investigate Bart J. Ellis, a former registered representative with Ameriprise Financial Services. Ellis was permanently barred from the industry after allegedly making unauthorized trades in customer accounts. One customer alleged that Ellis made unauthorized trades in her account routinely from June 2009 until August 2012. Ellis also allegedly created fake entries in a telephone log to cover up the trades, to make it seem as if he had received authorization from the customer to do so. The customer did not give written authorization to Ellis, nor did she authorize Ellis to exercise discretion in her account. Ellis also allegedly falsified documents in the same customer’s account in October 2010. An Ameriprise representative contacted the customer to inquire as to whether she authorized Ellis to make the trades. When the customer replied that she did not, Ellis then falsified telephone logs, making it seem as if the customer had authorized said trades.

Bart J. Ellis was registered with McLaughlin, Piven, Vogel Securities in Chicago, Illinois from February 2001 until May 2006, Morgan Stanley in Chicago from April 2006 until July 2007, and Ameriprise in Orland Park, Illinois and Chicago from November 2007 until October 2012. He has four customer disputes against him. He is no longer licensed in the industry, and the Financial Industry Regulatory Authority (FINRA) permanently barred him from the industry.

Amerprise Financial, Ellis’ former firm, can be sued in the FINRA arbitration process for failing to supervise him while he was employed there. At Stoltmann Law Offices, we sue brokerage firms such as Ameriprise to recover money for investors. Please call us at 312-332-4200 to speak to an attorney. The call is free.

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