Yousuf Saljooki Named In $750K Customer Complaint Alleging High Pressure Sales Techniques

April 2016- Farmingdale, New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Yousuf Saljooki  disclose  2 final customer disputes and 1 pending customer disputes .

In  the pending case, FINRA Case 16-00405, a customer of Saljooki while he was previously employed by New Castle Financial Services ,now known as Brookville Capital Partners, and Legend Securities alleges that Saljooki used high pressure sales techniques, made unsuitable investments, churned the account and charged excessive and hidden commissions. Damages, which include punitive and exemplary damages exceed $750,000 are alleged.

Saljooki has been registered with Salomon Whitney Financial  since 8/2015.  He was previously registered with  Legend Securities 3/2015-8/2015, Tryco Securities 3/2015-3/2015  and Brookville Capital Partners 7/2009-3/2015

If you have losses in an account handled by Yousuf Saljooki  , and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael Oromaner Named In Customer Complaint Alleging High Pressure Sales

April 2016- Farmingdale, New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Michael L. Oromaner  disclose 1 regulatory matter that has been finalized, 9 final customer disputes, 2 pending customer disputes and 2 outstanding judgements or liens.

In one of the pending cases, FINRA Case 16-00405, a customer of Oromaner’s while he was previously employed by New Castle Financial Services ,now known as Brookville Capital Partners, and Legend Securities alleges that Oromaner used high pressure sales techniques, made unsuitable investments, churned the account and charged excessive and hidden commissions. Damages of $750,000 are alleged.

Oromaner has been registered with Salomon Whitney Financial  since 3/2016.  He was previously registered with Avenir Financial Group 1/2015-3/2016. Prior to that he was registered with Legend Securities 1/2014-1/2015 and Brookville Capital Partners 11/2009-1/2014.

If you have losses in an account handled by Michael L. Oromaner , and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jeffrey Offen-Salomon Whitney Broker-Discloses Outstanding Judgments on FINRA Records

April 2016- Farmingdale, New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Jeffrey L. Offen  disclose that he has 6 unsatisfied and outstanding judgments or liens against him, including 3 to the New York State Department of Taxation and Finance. Two setted customer disputes are reported.

Offen has been registered with Salomon Whitney Financial  since 12/2015.  He was previously registered with Network 1 Financial Securities from 5/2015-12/2015. Prior to that he was registered with Laidlaw & Company from 11/2012-5/2015 and before that he was registered with Obsidian Financial Group.

If you have losses in an account handled by Jeffrey L. Offen , and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Wayne Ford-Salomon Whitney Financial-Named in Pending Customer Disputes

April 2016- Farmingdale, New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Wayne F. Ford  report that he is currently named in  2 pending customer disputes:

  • FINRA Case 16-0687-a customer of Salomon Whitney Financial  alleges unsuitability, breach of contract, negligent supervision, breach of fiduciary duty and violations of the Louisiana Securities Act.  Damages are alleged to be $50,000.
  • FINRA Case 14-02534- a customer of Salomon Whitney Financial  alleges unauthorized trading, churning, unsuitability and failure to supervise. Damages are alleged to be $244,125.

Ford has been registered with Salomon Whitney Financial  since 11/2011.  He was previously registered with Rockwell Global Capital from 1/2011-12/2011. Prior to that he was registered with Brookstone Securities.

If you have losses in an account handled by Wayne F. Ford , and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert Hahn, Former Tyler Insurance Agent, Sentenced to 36 Months

April 2016-Tyler, Texas

Robert Hahn, a 64 year old former Tyler insurance agent was sentenced to serve 36 months in federal prison for wire fraud and money laundering , according to the U.S. Attorney’ s Office for the Eastern District of Texas. 

In November 2015, Hahn admitted to operating a Ponzi Scheme from January 2007 until February 2015. He collected over $5 million from the mostly doctor investors who believed they were earning an annual interest rate of 20% on their “investments”.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Claus Foerster Indicted for $2.8M Fraud-Spartanburg, S Carolina

March 2016

The US Attorney’s Office for District of South Carolina announced that Claus C. Foerster, age 55, of Spartanburg, South Carolina was charged in a 5 count indictment with wire fraud.  Maximum penalty is 20 years imprisonment and a fine of $250,000.

Foerster, touting a non existent company, SG Investments,  allegedly defrauded clients of $2.8 million while employed by Smith Barney, Morgan Keegan and Raymond James from 2000-2014.

Foerster was barred from the securities industry in June 2014.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael T. Clements Investigation-Avenir Financial/Intercoastal Capital Markets

April 2016- Orangeburg, NY/Boca Raton, FL

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Michael T. Clements  report that he is currently named in  a FINRA regulatory Expedited Complaint, No. 2015044960501, which alleges that he violated Section 10(b) of SEC Act of 1934 in connection with fund raising for self-offerings, including .  The FINRA complaint alleges that “most of the sales were to elderly customers of the Firm”. 

Clement’s FINRA record discloses 2 pending customer disputes:

  • FINRA Case 15-02744-a customer of Avenir Financial Group  alleges unauthorized trading and states that the clearing firm never sent him confirmations or monthly statements.  Damages are alleged to be $225,000.
  • FINRA Case 16-0035- a customer of Avenir Financial Group alleges unauthorized trading, churning, excessive commissions and suitability. Damages are alleged to be $110,000.

Clements has been registered with Avenir Financial Group( New York & Wellington, FL) since 3/2012.  He is also registered with Intercoastal Capital Markets of Boca Raton, FL.  He was previously registered with Union Financial from 7/2009-3/2010.

If you have losses in an account handled by Michael T. Clements , and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Richard Gomez Investigation Update-Avenir Financial-Legend Securities

April 2016- New York

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Richard Gomez  report that he is currently named in  a FINRA regulatory Complaint, No. 2011030293503, which alleges that while employed by Legend Securities, Inc., he defrauded investors of at least $499,000 through his participation in two separate schemes involving private securities transactions away from his firm, Praetorian Global Fund and U.S. Coal Corporation.

Gomez’s FINRA record discloses 2 pending customer disputes:

    • FINRA Case 16-0035 filed by a Florida resident against Gomez while he was employed by Avenir Financial Group alleges unauthorized trading, excessive commissions, churning and suitability. The customer alleges damages of $110,000.
    • FINRA Case 15-01041  filed against Gomez while he was employed by Legend Securities, alleges violation of NY Consumer Protection Act and NY Business Law 349, breach of contract, fraud and other claims and seeks damages of $110,000.

Gomez has been registered with 17 different brokerage firms since 2006, some for as short a period as 2 or 3 months. See his FINRA record for complete details.

If you have losses in an account handled by Richard Gomez, and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Karim Ibrahim (Chris Allen) Investigation-Avenir Financial/Legend Securities

April 2016- Orangeburg, NY

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Karim A. Ibrahim (also known as  Chris Allen)  report that he is currently named in  a FINRA regulatory Expedited Complaint, No. 2015044960501, which alleges that he violated Section 10(b) of SEC Act of 1934 in connection with fund raising for self-offerings, including Bull Run Capital Holdings.  The FINRA complaint alleges that “most of the sales were to elderly customers of the Firm”. 

Ibrahim’s FINRA record discloses 2 pending customer disputes:

  • FINRA Case 15-01143-a customer from Ibrahim’s former firm Legend Securities, Inc.,  alleges unauthorized trading, churning, negligence, breach of contract and misrepresentation. Damages are alleged to be $536,180.
  • FINRA Case 15-00155- a customer of Avenir Financial Group alleges various causes of action including excessive commissions, breach of fiduciary responsibility, common law fraud & churning. Damages are alleged to be $1,000,000.

Ibrahim also discloses a pending tax lien of $17,910 owed to NY State.

Ibrahim was registered with Avenir Financial Group from 4/2013-12/2015. He was registered with Legend Securities from 10/2011-4/2013.

If you have losses in an account handled by Karim A. Ibrahim (also known as Chris Allen), and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

David A. Allen Discharged by Avenir Financial-Discloses Three Pending Customer Disputes

April 2016- Bethel, VT

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of David A. Allen report that he was discharged from Avenir Financial Group 1/28/2016, with the following allegations made by Avenir Financial Group:
“After seeing continued reckless and improper supervisory behavior an investigation into Mr. Allen’s activities under his various firm roles and responsibilities was commenced. Upon the theft of company funds, his (sic) was immediately terminated”.

 

Allen’s FINRA record discloses 3 pending customer disputes:

  • FINRA Case 15-02744-customer alleges unauthorized trading and non receipt of any trade confirms and statements. Damages alleged are $225,000.
  • FINRA Case 16-00035- customer alleges unauthorized trades, churning, excessive commissions, suitability. Damages alleged are $110,000.
  • FINRA Case 15-00155-customer alleges various causes of action including excessive commissions, breach of fiduciary responsibility, common law fraud & churning. Damages are alleged to be $1,000,000.

Allen was registered with Avenir Financial Group from 3/2012-1/2016.

If you have losses in an account handled by David A. Allen, and believe that your account was mishandled, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Current information for investors seeking information on recovery of investment losses due to the negligence or fraud of stockbrokers and brokerage firms. Nationwide representation.