Capital Financial Unsuitable Investment Lawyer - Page 11 of 12

113 search results found for “Capital Financial Unsuitable Investment Lawyer”

May 31, 2020

Did Hugh “Hobby” Barndollar of Land O’Lakes, Florida Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Hugh “Hobby” Barndollar is currently employed by Crown Capital Securities in Land O’Lakes, Florida. He has been registered with that broker dealer since March 2013. During the period April 2014 through the present he has also been employed by Barndollar Advisory Services Inc. During Mr. Barndollar’s securities industry career as a salesperson he has been the subject of three (3) customer complaints. We believe two (2) of the pending complaints filed while he was employed by Crown Capital Securities relate to 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 Hugh “Hobby” Barndollar during his employment with Crown Capital Securities; 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

May 30, 2020

Did Darrin Cohen of Wealth Enhancement and Preservation of Ga. and Triad Advisors LLC Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Darrin Cohen is currently employed by Wealth Enhancement and Preservation of Ga. and registered as a stockbroker with Triad Advisors, LLC in Alpharetta, Georgia. During Mr. Cohen’s securities industry career as a salesperson he has been the subject of two customer complaints which are pending. We believe that both of these complaints relate to Mr. Cohen’s private offer and sale of one or more of the following GPB Capital Holdings sponsored limited partnership interests: 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

Sep 30, 2019

The Law Offices of Robert Wayne Pearce, P.A. Wins $6 Million Plus Award Against UBS and UBS Puerto Rico

In an arbitration proceeding against UBS Financial Services, Inc. and UBS Financial Services, Inc. of Puerto Rico, the Law Offices of Robert Wayne Pearce, P.A. won $4.25 million in compensatory damages plus interest at 6.25% from February 28, 2014 and costs of $170,000 for one of the firm’s clients last month. This arbitration arose out of a series of unsuitable recommendations by a UBS-PR and UBS financial advisor that our clients purchase and then hold an excessive concentration of Puerto Rico Bonds and UBS-PR Closed-End Funds. As a result, our clients’ investment portfolios were not diversified from not only an asset allocation standpoint but also overly concentrated in securities from a single geographic area – Puerto Rico. The excessive concentration in Puerto Rico securities and leverage strategy implemented made the accounts highly speculative, which was inconsistent with not only our clients’ investment objectives but also the UBS-PR and UBS financial advisor’s representations. UBS and UBS-PR, through their representatives, disseminated false and misleading information to our clients about the nature, mechanics and risks of owning leveraged and concentrated positions in Puerto Rico Bonds and UBS-PR Closed-End Funds and the investment strategy employed in their accounts.

Oct 2, 2017

Former Meyers Associates Broker Named in FINRA Complaint for Allegations of Excessive Trading

Craig Gary Langweiler, a Philadelphia, Pennsylvania-based registered representative formerly employed with Meyers Associates, L.P., n/k/a Windsor Street Capital, was named a Respondent in a Financial Industry Regulatory Authority (FINRA) complaint alleging that he excessively traded the account of his customer, generating high commissions for himself and substantial losses for his customer. According to the FINRA complaint, Mr. Langweiler executed 257 trades in his customer’s account during the relevant period, which was a mere 193 days. FINRA alleges that Mr. Langweiler generated approximately $27,092 in commissions, whereas his customer incurred losses in excess of $33,000. FINRA found that Mr. Langweiler exercised control over the customer’s account through his use of discretion, for which he allegedly never sought, nor obtained, written authorization.

Feb 19, 2016

Winter Park, Florida Representative Suspended & Fined for Alleged Fraud

Anthony Grey of Winter Park, Florida submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly charging excessive mark-ups to his clients and engaging in other fraudulent activity. Mr. Grey entered the securities industry in the early 1980s and later became associated with Gardnyr Michael Capital, Inc. (GMCI) in 1994. During a routine FINRA member conduct examination in 2009, a FINRA examiner discovered a pattern of trades that revealed Mr. Grey artificially inflated prices of bonds for his retail customers. FINRA found that on ten occasions, Mr. Grey charged his customers unfair mark-ups ranging from 5.36% to 19.12%. In seven of the occasions FINRA further alleged that Mr. Grey charged fraudulently excessive mark-ups that he failed to disclose.

Feb 10, 2016

Barclays Fined $1 Million for Publishing Inaccurate Index Returns

Barclays Capital Inc. (Barclays) of New York submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly knowingly publishing inaccurate index returns for approximately eight months. Barclays, a large full service broker dealer and bank stationed in New York, faced similar allegations in 2011 for allegedly posting inaccurate delinquency rates. FINRA found that Barclays, from November 2010 through February 20, 2014, published “material inaccurate coupon return information” in connection to the firm’s Pan Euro ABS Floating Rate Index (Index). FINRA found that the false publications began in November 2010 after Barclays changed its method of calculating coupon rates and adopted a new coupon return data provider. Thereafter, FINRA alleged Barclay’s information technology group of London changed the proprietary pricing and valuation system in an effort to improve analytics.

Dec 25, 2015

Roswell, Georgia Representative Suspended and Fined for Excessive Trading

Denny Darmodihardjo of Roswell, Georgia submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority for allegedly recommending and making unstable investments on behalf of a client. Mr. Darmodihardjo first became associated with FINRA through a member firm in 1995. From 2006 through 2015, Mr. Darmodihardjo was a General Securities Representative (GSR) through Rockwell Global Capital LLC (Rockwell). FINRA found that between 2009 and 2011, Mr. Darmodihardjo engaged in excessive trading in three of a client’s accounts. FINRA further alleged that Mr. Darmodihardjo recommended unsuitable short selling and margin use to his customers’ in violation of FINRA and NASD conduct rules. At the time of these investments, Mr. Darmodihardjo had limited experience in margin trading and was recommending investments that did not comply with his clients risk tolerance and objectives. In October 2010, Mr. Darmodihardjo executed thirteen short sales accounting for $897,057 traded on margin. This excessive trading resulted in four margin calls in that month alone, and further losses in the account.

Oct 30, 2015

Louis Tinoco Permanently Barred by FINRA for Falsifying Account Summaries to Hide Losses

Louis Anthony Tinoco Jr., a former Registered Representative with Miami, Florida-based Barclay’s Capital Inc. (Barclay’s), submitted a Letter of Acceptance, Waiver and Consent in which he consented to, but did not admit to or deny, the Financial Industry Regulatory Authority’s (FINRA) sanctions and findings that he provided a false account summary to his customer in order to conceal the losses incurred due to his trading activity. According to FINRA, Louis Tinoco provided his customer with a chart that supposedly reflected the monthly value of the customer’s Barclay’s account. The chart, prepared by Mr. Tinoco, overstated the actual value of the customer’s account by more than $200,000. Additionally, Mr. Tinoco failed to respond to FINRA’s request to appear and provide testimony in connection with their investigation, which is a violation of FINRA Rule 8210. Louis Tinoco, of Miami Beach, Florida, was permanently barred from association with any FINRA member in any capacity.

Sep 25, 2015

Hollywood, Florida Wells Fargo Representative Barred for Converting Client Funds

Alejandro Torres of Hollywood, Florida submitted a Letter of Acceptance Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority for allegedly converting client funds, engaging in unapproved outside business activities and submitting material false information on a questionnaire to his broker dealer. Torres entered the securities industry in 2009 and has been associated with several FINRA-regulated broker-dealers since. In January 2013, Torres became associated with FINRA-regulated broker-dealer Wells Fargo Advisors, LLC (Wells Fargo) as a registered representative. On January 17, 2014 Torres was terminated as Wells Fargo filed a Uniform Termination notice for Securities Industry Registration (Form U5).

May 27, 2014

Timothy Moran Barred by FINRA for Selling Away Hedge Fund

Timothy Damien Moran, a former Paradise Valley, Arizona-based broker employed by Atlanta, Georgia-based FSC Securities Corporation, has been barred by the Financial Industry Regulatory Authority (FINRA) based on findings that Mr. Moran engaged in private securities transactions without providing his firm with prior written notice. FINRA’s findings stated that Mr. Moran introduced firm customers to a Thomas Hampton to discuss possible investment in Mr. Hamptons’ hedge fund, Hampton Capital Management (HCM). Mr. Moran recommended that the customers invest, or consider investing, in HCM. Some of the customers who Mr. Moran introduced to the individual invested approximately $1.69 million. Mr. Moran also invested a total of $150,000 in HCM.

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113 search results found for “Capital Financial Unsuitable Investment Lawyer”