Category Archives: Finra Investigation of Stockbroker

IMS Securities Broker Kevin McNeese FIned/Suspended by Securities Regulators-DeSoto, Texas

DeSoto, Texas

Kevin Dwayne McNeese was assessed a deferred fine of $5,000 and suspended for six months by FINRA to resolve allegations that he willfully failed to timely amend his Form U4 to disclose an unsatisfied judgment and two bankruptcy filings.

According to FINRA records, McNeese was registered with IMS Securities from 6/2005-7/2012.

If you have losses in an account handled by Kevin Dewayne McNeese, contact us to learn how you may be entitled to recover damages through FINRA arbitration.

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

Arhonda Guinn-Former Stifely,Nicolaus Broker-Discloses Discharge & Regulatory Bar

Vero Beach, Florida

According to FINRA records,  Arhonda Guinn  a stockbroker who formerly worked for Stifel, Nicolaus & Co.  discloses  a regulatory event and a termination.

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.

 Guinn was discharged by Stifel, Nicolaus & Company on May 5, 2014. The company made the following allegations:
“Employee transferred money without authorization from a client account to a third party for employee’s benefit.”
Without admitting or denying FINRA findings that she transferred customer funds to her landlord without the customer’s knowledge or consent, Guinn agreed to a permanent bar from the securities industry.
Guinn was also known by the following names:
  • Arhonda T’Lene Ward
  • Arhonda T. Guinn
FINRA records report the following registration history:
  • March 2009-May 2014 Stifel Nicolaus
  • Jan. 2009-March 2009 Stanford Group
  • Jan 2008-Jan 2009 Wachovia Securities
If you have suffered losses in an account handled by Arhonda Guinn, call to discuss with an experienced securities attorney how you can pursue recovery of losses through FINRA arbitration.

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

Pembroke Pines Broker Ariel Hernandez Barred from Industry

In March 2014 the Financial Industry Regulatory Authority barred Pembroke Pines, FL, broker Ariel Luis Hernandez from the industry

FINRA findings state that Hernandez wired money from a client’s fee based brokerage account  to a bank without the client’s permission or knowledge and disclosed a pending customer dispute concerning the same allegations, indicating the alleged compensatory damages of $158,000
According to FINRA records Hernandez is not currently registered. His previous registration history includes:
8/2010-11/2013 Liberty Partners Financial Services
9/2009-8/2010 Summit Brokerage Services 
12/2008-9/2009 J.B. Hanauer

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

Update on NEXT Financial – Heidi Wivolin Litigation-Suit Filed vs. NEXT Financial Group/Wivolin

By Robert H. Rex, Esq. 

 
On February 19. 2014, Mrachek, Fitzgerald, Rose, Konopka Thomas & Weiss of West Palm Beach, FL, and Dickenson Murphy Rex & Sloan of Boca Raton, FL, filed a complaint against FINRA registered broker-dealer NEXT Financial Services and local resident Heidi Wivolin,  a registered broker with NEXT. 
 
The case , PASI MARTIN; CITY-RAKENNUS MARTIN OY, a foreign entity; CITY-AIR OY, a foreign entity; GPW INTERNATIONAL, INC. , a foreign entity; JALKARNNAN KAUPPAKESKUS OY, a foreign entity; and OCTOPUS GROUP INTERNATIONAL, INC. , a Florida corporation vs. NEXT FINANCIAL GROUP, INC. , a Texas corporation, and HEIDI WIVOLIN, Case # 2014a002961XXXXMBAD, was filed in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. 


The case seeks damages in excess of $15,000 on behalf of Pasi Martin, a Finnish citizen, another Finnish citizen and several other Finnish and Florida entities. The complaint alleges that since 2009, Martin and his co-plaintiffs entrusted millions of dollars to NEXT Financial, through their broker/agent Wivolin, which operated an office in Manalapan, FL. The Plaintiffs were told the funds were invested in municipal bonds. 

Recently Wivolin and Shawn O’Sullivan, who operated FirsTrust Investments from the same location as the NEXT Financial office, admitted to Martin that the purported municipal bond portfolio was actually a fiction and that all the monies had been lost in a number of unauthorized investments.

The complaint further alleges that Wivolin, who is fluent in Finnish and a well known member of the Lake Worth Finnish community, capitalized on that fact to mislead Mr. Martin, who does not speak English. 

It is anticipated that other defendants may be named in the near future. 
 
Nationwide representation.


561-391-1900