New York Financial Adviser Has Multiple Customer Disputes on Record The Financial Industry Regulatory Authority (FINRA) has suspended ex-MML Investors Services LLC broker Adam Gerard Belardino. The suspension runs from February 2021 until Belardino either provides the information that the self-regulatory organization (SRO) has requested or the suspension becomes a…
Articles Posted in Broker Fraud
Triad Advisors Broker Darrin Cohen Under Scrutiny Over Possible GPB Private Placement Sales
Wealth Enhancement & Preservation CEO Named in Two Pending Investor Claims Triad Advisors stockbroker, Darrin Stuart Cohen, is currently the subject of two pending Financial Industry Regulatory Authority (FINRA) arbitration claims from customers collectively seeking $600K in damages. The allegations involve the unsuitability of investments, including alternative investments, that were…
Ex-MML Investors Services Broker Gary Hammond Accused of Making $1.6M In Unauthorized Transactions
FINRA Bars Former Charlotte, North Carolina Financial Advisor The Financial Industry Regulatory Authority (FINRA) arbitration has permanently barred Gary Wayne Hammond, an ex-North Carolina broker, following allegations that he took part in more than $1.6M in private securities transactions without having given written notice to his then-firm. The transactions appear…
Customers Seeking $1.8M Over Investments Recommended By Western International Securities’ David Bibo
California Stockbroker Accused Of Unsuitability & Misrepresentations David Omori Bibo, a Western International Securities, Inc. registered representative is named in two pending customer disputes collectively seeking $1.8M in damages. The San Jose broker has been part of the industry for 25 years. He has seven disclosures on his BrokerCheck record.…
Crown Capital Securities Broker Lanny Howarter Is Named in $600K Unsuitability Claim
Crown Capital Securities Broker Has Four Customer Disputes On Record Lanny Ray Howarter, a Crown Capital Securities registered representative, is named in a more than $624K Financial Industry Regulatory Authority (FINRA) arbitration claim accusing him of unsuitability, negligence, breach of fiduciary duty, omissions, and negligence involving alternative investment products. This…
David Lerner Associates Broker Rafael Klein May Have Unsuitably Recommended Energy 11 To Investors
Pending Customer Disputes Involving David Lerner Associates Broker Rafael Klein Seek $300K in Damages Rafael Scott Klein, a David Lerner Associates broker and Spirit of America Management Corp. investment advisor, may have unsuitably sold investments in Energy 11, LP to customers. Energy 11 is a non-traded limited partnership set up…
FINRA Orders Worden Capital Management to Pay Over $1.5M For Brokers’ Churning
Worden Capital Management’s Settlement Includes $1.2M in Customer Restitution In December 2020, Worden Capital Management, a New York-based broker-dealer, arrived at an over $1.5M settlement with the Financial Industry Regulatory Authority (FINRA) over excessive trades made by the firm’s registered representatives. The self-regulatory organization (SRO) contends that from January 2015…
SunTrust Brokers May Have Unsuitably Recommended Northstar Financial Services (Bermuda) to Investors
Customers Claim That Northstar Financial Services Products Were Touted As Low Risk & Safe If you are an investor who suffered losses while investing in Northstar Financial Services products that were recommended to you by a SunTrust Investment Services stockbroker, please contact Shepherd Smith Edwards and Kantas (SSEK Law Firm…
Utah Retirees Files $500K Investor Fraud Claim Over GPB & REIT Losses After Working With Triad Advisors & Broker Michael Payne
Triad Advisors and its Ex-Florida-Based Broker Placed Claimants Funds In Too Risky GPB Capital & REIT Investments Two Utah retirees have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Triad Advisors, Inc. over losses they suffered from investing in GPB private placements and privately traded real estate investment…
Ex-Merrill Lynch Broker Gets Eight Years in Prison For Investor Fraud
Former Kentucky-Based Merrill Lynch Broker Gets Eight Years in Prison Christopher Lee Hibbard, a former stockbroker for Merrill Lynch and Pierce, Fenner & Smith is sentenced to eight years in prison. The ex-Kentucky stockbroker pleaded guilty to investment fraud and multiple counts of wire fraud earlier this year. Hibbard, who…