Articles Tagged with Wayne Hummer Investments

Stoltmann Law Offices is investigating Arnold Steven Janickas, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Janickas was fined $5,000 and suspended from the industry for two years and ordered to pay deferred restitution of $360,117.83, plus interest, to a customer. He allegedly accepted unsecured personal loans totaling $805,000 from a customer of his firm without the firm’s knowledge or approval. This is against securities rules and regulations. Janickas allegedly used $550,000 of the loans to purchase a house and used the remaining $255,000 for renovations on the house. He then sold the property.

According to his online, FINRA BrokerCheck report, Janickas was registered with Painewebber in Weehawken, New Jersey from November 1997 until March 2000, Morgan Stanley in Purchase, New York from March 2000 until April 2003, Citigroup Global Markets in Deerfield, Illinois from April 2003 until February 2006, Zacks & Company in Chicago, Illinois from February 2006 until October 2006, ETrade Securities in Chicago from November 2006 until March 2009 and Wayne Hummer Investments in Chicago from March 2009 until August 2013. He has eight customer disputes against him and is not licensed within the industry. Please call our securities law firm today to speak to an attorney for free if you feel we can help you bring legal action against Wayne Hummer Investments for failing to supervise Mr. Janickas. The call to us is free with no obligation. 312-332-4200.

Stoltmann Law Offices is investigating Luigi Mancusi, a broker with Oppenheimer & Company in Lake Forest, Illinois. A customer alleged that Mr. Mancusi executed unauthorized transactions. Also, while employed at Wayne Hummer Investments, Mancusi was accused of breaching his fiduciary duty, acting negligently, failing to supervise his representatives, misrepresenting material facts and recommending investments that were suitable and reckless. All of these are against securities rules and regulations.

Mancusi was registered with Investment Network in Franklin Park, Illinois from May 1992 until May 1994, Marketing One Securities in Portland, Oregon from May 1994 until October 1994, Forth Financial Securities in Richmond, Virginia from October 1994 until November 1995, Investment Network in Franklin Park, Illinois from December 1995 until January 2000, Charter One Securities in Cleveland, Ohio from January 2000 until April 2000, Invest Financial Corporation in Tampa, Florida from May 2000 until October 2000, Northern Trust Securities in Chicago, Illinois from April 2000 until November 2002, Vision Investment Services in Rosemont, Illinois from October 2000 until November 2002, and Wayne Hummer Investments in Lake Forest, Illinois from November 2002 until October 2012. He is currently registered with Oppenheimer & Co. in Lake Forest, Illinois and has been since September 2012. He has four customer disputes against him, one of which is currently pending.

If you invested money with Luigi Mancusi, please call our securities law firm in Chicago, Illinois at 312-332-4200 to speak with an attorney. The call is free with no obligation. His firm, Oppenheimer & Co. may be liable for investment losses because they failed to reasonably supervise him. We take cases on a contingency fee basis only, so we only get paid if you recover money.

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