Broker Misconduct - Law Offices of Robert Wayne Pearce

Jun 19, 2020

LPL Financial Stockbroker Brian Lawrence Stephan Suspended for Misconduct

Brian Lawrence Stephan submitted an Offer of Settlement to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for allegedly recommending unsuitable investments and provided false information on his firm’s mutual fund exchange forms in violation of FINRA Rules 4511, 2111 and 2010, and NASD Ruled 2310. From November 2003 through August 27, 2014, Brian Lawrence Stephan was registered with LPL Financial LLC as a General Securities Representative. According to the FINRA findings, from May 2012 through May 2014, Stephan recommended and caused the execution of unsuitable investments in 20 different mutual fund families for an elderly customer. The findings stated the recommendations were unsuitable because the customer could have received a discount in sales charges by approximately $30,000 if she were to invest in larger amounts across fewer fund families. Based on the FINRA findings, Stephan lacked any reasonable basis, caused the customer to incur excessive sales and received $60,000 in commissions for the transactions. In addition to the findings, Stephan allegedly mismarked the transactions as unsolicited and provided false information on his firm’s mutual fund exchange forms.

Jun 19, 2020

Did Daryl Serizawa of Woodbury Financial Services Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Daryl Serizawa is currently employed by Woodbury Financial Services in Irvine, California. During the period 2012 through 2017 he was registered with Independent Financial Group in the same city. During Mr. Serizawa’s securities industry career as a salesperson he has been the subject of three customer complaints. One of those arbitrations was settled, one was denied and the third involving Mr. Serizawa and Woodbury Financial Services is still pending. We believe the pending complaint relates to Mr. Serizawa’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Serizawa during his employment with Woodbury Financial Services and the Independent Financial Group; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 18, 2020

Did Sean Kelly formerly employed by Center Street and Capital Financial Sell You Any GPB Fund Investments?

Let Us Help You Recover Your GPB Investment Losses Sean Joseph Kelly was formerly employed by Center Street Securities, Inc, and before that at Capital Financial Services, Inc. and other brokerages. During Mr. Kelly’s securities industry career as a salesperson he has been criminally convicted and imprisoned for securities fraud, permanently enjoined and barred by the SEC from the securities industry, and the subject of six customer complaints. We believe two of these complaints relate to Mr. Kelly’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Kelly during his employment with Center Street Securities and Capital Financial Services; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 16, 2020

Did Mark Lee Robare employed by Triad Advisors LLC Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Mark Lee Robare is currently employed by Triad Advisors LLC in Houston, Texas. During Mr. Robare’s securities industry career as a salesperson he has been the subject of one (1) customer complaint. We believe the complaint relates to a private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mark Lee Robare during his employment with Triad Advisors LLC; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 15, 2020

Did Jingbo Pan formerly employed by Coastal Equities, Inc. Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Jingbo Pan is currently not registered as a stockbroker. During the period November 2018 through May 2019 he was registered with Axiom Capital Management, Inc. and prior thereto from April 2014 through August 2018 he was registered with International Assets Advisory, LLC. During Mr. Pan’s securities industry career as a salesperson he has been the subject of three (3) customer complaints. We believe one of the complaints while he was employed by International Assets Advisory, LLC relates to private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Jingbo Pan during his employment with International Assets Advisory, LLC ; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 15, 2020

Former Cape Securities Stockbroker Kevin Kimball Meadows Suspended for Excessive and Unsuitable Trading

Kevin Kimball Meadows of Columbus, Georgia submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for allegedly engaging in excessive and unsuitable transactions in violation of FINRA Rules 2111 and 2010. In June 2013, Kevin Kimball Meadows joined Cape Securities as a general securities representative. According to the FINRA findings, Meadows excessively and unsuitably traded three accounts of a customer. FINRA found that during the relevant period, one account had a turnover rate as high as 10.10 and a cost-to-equity ratio as high as 53 percent, the second account had a turnover rate as high as 7.93 and a cost-to-equity ratio as high as 44 percent and the third account had a turnover rate as high as 6.93 and a cost-to-equity as high as 37 percent resulting in a total loss of approximately $39,671. In addition to the FINRA findings, the customer represented to FINRA that his risk tolerance was never aggressive, although his documents with Cape reflected that his investment objective was capital appreciation/growth with an aggressive risk tolerance.

Jun 14, 2020

Did Christopher Michael Ortiz employed by National Securities Corporation Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Christopher Michael Ortiz is currently employed by National Securities Corporation in New York, New York. During Mr. Ortiz’s securities industry career as a salesperson he has been the subject of one (1) customer complaint. We believe the complaint relates to private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Christopher Michael Ortiz during his employment with National Securities Corporation; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 13, 2020

Did Darren Wayne Oglesby employed by Money Concepts Capital Corp. Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Darren Wayne Oglesby is currently employed by Money Concepts Capital Corp. in Monroe, Louisiana. During Mr. Oglesby’s securities industry career as a salesperson he has been the subject of three (3) customer complaints. We believe one of the complaints relates to a private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Darren Wayne Oglesby during his employment with Money Concepts Capital Corp.; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 12, 2020

Did Frank Mastrosimone formerly employed by Royal Alliance Associates, Inc. Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Frank Mastrosimone is currently employed by Pruco Securities, LLC. During the period January 2004 through January 2020 he was registered with Royal Alliance Associates, Inc. in West Orange, New Jersey. During Mr. Mastrosimone’s securities industry career as a salesperson he has been the subject of four (4) customer complaints. We believe one of the complaints while he was employed by Royal Alliance Associates, Inc. relates to a private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Frank Mastrosimone during his employment with Royal Alliance Associates, Inc.; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jun 12, 2020

Former First Western Securities Representative Kerry Dean Wills Suspended for Violating Procedures

Kerry Dean Wills of Monrovia, California submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for borrowing money from a customer in violation of his employer member firm’s procedures and FINRA Rules 3240 and 2010. In November 2009, Kerry Dean Wills joined First Western Securities (First Western) as General Securities Representative. According to the FINRA findings, First Western’s written supervisory procedures strictly prohibited registered representatives from borrowing money from a customer and provided no exceptions. The FINRA findings stated that Wills provided personal care to a customer and borrowed $150,000 from her to cover expenses incurred in litigation without seeking exemption from his firms procedures. In addition, FINRA stated that Wills accepted gifts of approximately $19,500 in travel expenses from a customer and failed to disclose the trips to the Firm or report the trips on the firm’s Gifts and Gratuities log.