Category Archives: Unauthorized Trading

David G. Menashe-Former Joseph Stone Capital Broker-Sanctioned by Securities Regulator for Excessive Trading-New York

July 2017-New York

The FINRA records of  David G. Menashe ,  a  stockbroker who is currently  employed by  Newbridge Securities Corp. , disclose a  prior regulatory event.

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.

In April 2017 Menashe was sanctioned by the Montana Office of the Commissioner of Securities and Insurance for excessive trading and unauthorized trading. The Notice of Proposed Agency Action and Opportunity for Hearing contains various conclusions of law, including the following:

  • Respondents Joseph Stone, Spadaro, Menashe, Maggio and Barrish violated 6.10401(1)(K) when they charged total commissions of $239,260.02 out of the $877,492.99 principal originally invested by Montana clients, or 28% of their total investment. 

Menashe entered into a Consent Agreement with the Montana regulator and agreed to pay restitution of $15,000.

Menashe was employed by Joseph Stone Capital from 2/2013-1/2017. Prior to that he was employed by First Midwest Securities.

If you have questions about an account handled by David G. Menashe, call to learn about 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

Todd D. Ryman -Suntrust Investment Services Broker-Discloses Customer Disputes-Atlanta, GA

June 2017 – Atlanta, GA

The FINRA records of Todd D. Ryman ,  a  stockbroker previously employed with  Raymond James & Associates, Inc.  disclose  a prior regulatory matter and 6 customer disputes.

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.

Prior customer disputes include:

May 2017-A customer of Deutsche Bank Securities alleged damages of $250,000 related to the sale of an unsuitable private equity fund. That case was settled for $205,193.

FINRA Case 14-02095- A customer of Merrill Lynch sought damages of $100,000 alleging that Ryman made unsuitable investment recommendations, made unauthorized trades and misrepresented material facts. That case settled for $47,500.

June 2009- A customer of Banc America Investment Services alleged unauthorized trading in auction rate securities. That case settled for $5 million.

 

Ryman is currently employed by  Suntrust Investment Services. His prior employment includes Raymond James & Associates, Inc.,Deutsche Bank Securities, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banc of America Investment Services.  

If you have losses in an account in an account handled by Todd D. Ryman  contact us to discuss how you may be able to recover damages for those losses.

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

Actualmente estamos investigando al corredor de bolsa Cesar Hurtado de Oppenheimer-Miami, FL

Junio de 2017 – Miami, Florida

Estamos investigando al corredor de bolsa Cesar Augusto Hurtado de Oppenheimer & Co., con sede en Miami. Los expedientes de FINRA indican que Hurtado ha estado empleado por Oppenheimer desde 2003. Antes de eso estuvo empleado por CIBC World Markets Corp.

Nuestro cliente es un extranjero residente de Centroamérica que alega daños por malversación de préstamos de margen e inversiones inapropiadas en fideicomisos extranjeros formados en base al asesoramiento de Hurtado.

Si usted tiene información que siente que podría ser útil para esta investigación, por favor comuníquese con nosotros llamando al 561 391 1900.

Rex Securities Law , con oficinas en Boca Raton, Florida, y Austin, Texas, proporciona representación a inversionistas a nivel internacional que están buscando la recuperación de pérdidas de inversiones debido a la negligencia o fraude de corredores de bolsa y agentes de corretaje. Si usted tiene preguntas sobre cómo se ha administrado su cuenta, llame para hablar con un abogado con experiencia en valores de inversión.

La mayoría de los casos son gestionados en base a honorarios de contingencia, lo que significa que usted no paga honorarios de representación jurídica a menos que logremos gestionar su caso con éxito.

Representación a Nivel Internacional

Rex Securities Law

Gratis: 877-224-3199

Florida-561 391 1900

Texas-512-329-2870

Para conversar en español – llame al licenciado José G. Rodríguez, Esq. 561-686-2800

Christopher D. Sinkula Investigation-Janney Montgomery Scott Broker-Stuart, FL

June 2017-Stuart, Florida

We are investigating Stuart-based Janney Montgomery Scott stockbroker Christopher D. Sinkula. FINRA records indicate that Sinkula has been employed by Janney Montgomery Scott since 8/2008.

Our client is a single lady approaching retirement who alleges damages for  unsuitable investments which she alleges were purchased for her account by Sinkula.

Sinkula’s official broker records disclose that two of his customers brought actions that resulted in cash settlements:

  • In FINRA Case 12-01357 a customer of CItigroup Global Markets, his prior employer, sought damages of $879,680 alleging that Sinkula misrepresented the features of variable annuities that he recommended. That case was settled for $200,000.
  • In NASD Case 97-0761 a customer of A.G. Edwards, his prior employer, sought damages of $67,540 and alleged breach of contract, breach of fiduciary duty, account related negligence and failure to execute. That case was settled for $46,000.

If you have information you feel could be helpful to this investigation, please contact Nan Thompson at 561 391 1900.

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

Baris Dincer-Former Revere Securities Broker-Discloses $1.5M Customer Arbitration Alleging Churning-New York

June 2017- New York

According to publicly available records Baris Dincer  (CRD#5637472) ,  a  stockbroker who currently is employed by J.H. Darbie & Co.  discloses  2 pending customer disputes and 2 terminations from employment.

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.

In pending FINRA arbitration 13-03605, a customer of Alexander Capital seeks damages of $1.5 million and alleges churning, excessive trading and unsuitable investments.

In a claim filed in 6/2016, a customer of Revere Securities seeks damages of $45,000 and alleges unauthorized trading.

In 3/2014, Dincer was permitted to resign from Forefront Capital Markets over issues of trust and confidence.

In 11/2012, Dincer was discharged by Alexander Capital who alleged “possible violations of industry standards regarding certain bond transactions. ” 

Baris Dincer  has been employed by J.H. Darbie & Co. since 6/2017. His prior employment includes Revere Securities, Koyote Trading, Odeon Capital Group, Forefront Capital Markets, Alexander Capital, Legend Securities and J Giordano Securities Group (now Newoak Capital Markets) . 

If you have questions about an account handled by Baris Dincer  contact us 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

Joao-Miguel Calil-Former Merrill Lynch Broker-Discloses Termination from Employment-NY

June 2017- New York

According to publicly available records Joao-Miguel Calil  (CRD#4351530) ,  a  stockbroker who is not currently employed  discloses  a termination from employment with Merrill Lynch.

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.

In 3/2016 Calil was discharged by Merrill Lynch who made the following allegation in connection therewith on Calil’s FINRA record: “Conduct inconsistent with Firm standards related to exercising discretion in non-discretionary accounts and soliciting collateralized foreign exchange transactions while meeting with clients in a foreign jurisdiction.”

Joao-Miguel Calil  was employed by Merrill Lynch from 5/2006-4/2017.

If you have questions about an account handled by Joao-Miguel Calil  contact us 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

Cullen Kempson-Former Commonwealth Financial Network Broker-Discloses Regulatory Event & Discharge From Employment-Sparta, NJ

May 2017- Sparta, NJ

According to publicly available records V. Cullen Kempson III (CRD#1280887) ,  a  stockbroker currently registered with American Portfolios Financial Services, Inc discloses a prior regulatory event and a termination from employment.

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.

In May 2017 FINRA suspended Kempson for 30 days and fined him $5,000 to resolve allegations that he effected 40 unauthorized trades in a deceased customer’s accounts. While he had written authority to trade the account with discretion while the customer was alive, he did not have that authority follow the customers’ death.

In June 2016 Kempson was discharged by Commonwealth Financial Network who alleged: ” RR failed to provide notification to the firm of the death of two advisory clients in violation of firm policy and industry standards of conduct. “

Kempson has been with American Portfolios Financial Services since 6/2016. He was previously with Commonwealth Financial Network. He discloses a business affiliation with Kempson & Tschopp.

If you have questions about an account in an account handled by Cullen Kempson  contact us to discuss your legal 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