Category Archives: Brookstone Securities

Nicholas Toadvine – Former Investors Capital Corp. Broker- Discloses 12 Prior Final Customer Disputes – Lakeland, FL

May 2017- Lakeland, FL

According to publicly available records Nicholas S. Toadvine, (CRD#3260858) ,  a  stockbroker who  was previously registered with Investors Capital Corp. discloses 12  prior final  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.

Eleven of the customer disputes were brought by customers of Toadvine’s prior employer Investors Capital Corp. and alleged unsuitable investments.  Those cases include:

  • FINRA case #14-01270- a customer of Investors Capital Corp. alleged damages of  $350,000  in connection with Oil and Gas & Real Estate Securities.   The case was settled for $132,000.
  • FINRA case #14-01392, a customer of Investors Capital Corp. alleged damages of $499,999  in connection with Oil & Gas and Real Estate Securities.    The case was settled for $140,000.
  • FINRA case #12-04257, a customer of Investors Capital Corp. alleged damages of $825,000 in connection with direct investments in limited partnerships and real estate securities.    The case was settled for $230,478.

Nicholas Toadvine was employed with Investors Capital from 6/2002 until 2/ 2012. He is currently employed by Calton & Associates, Inc. His prior employment includes Brookstone Securities, Inc. and Cabot Lodge Securities.  

If you have questions about an account in an account handled by Nicholas Toadvine,  contact us to discuss your legal options.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

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

Joseph L. Derrico-Woodstock FInancial Group Broker-Discloses Customer Disputes-Staten Island, NY

May 2017-Staten Island, NY

The FINRA records of  Joseph L. Derrico  ,  a  stockbroker who is currently  registered with Woodstock Financial Group  disclose a pending regulatory matter, a pending customer dispute and a prior customer dispute .

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 the pending matter received in 1/2017 a customer of Woodstock Financial Group alleges damages of $63,000 for losses due to unauthorized trading and failure to follow instructions.

Joseph L. Derrico has been employed by Woodstock Financial Group since 7/2015. He was employed by Alexander Capital  from 10/2014-7/2015 , International Assets Advisory. from 6/2012-11/2014 and Brookstone Securities 11/2009-6/2012.

If you have questions about an account  handled by Joseph L. Derrico , 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

James T. Flynn-Former Voya Financial Advisors Broker-Discloses Customer Disputes / Outstanding Liens-Greenville, SC

MAY 2017-Greenville, SC

The FINRA records of  James Travis Flynn ,  a  former Voya Financial Advisors stockbroker  disclose 2 pending customer disputes, 4 prior final customer disputes, a termination from employment and 3 outstanding judgment/liens.

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 a recent dispute a customer of Voya Financial Advisors seeks damages of $115,000 and alleges that he questioned the suitability of REIT investments and the replacement of a variable annuity policy.

In another currently pending matter,  a customer of Voya Financial and Brookstone Securities alleges damages in connection with a $575,000 investment in annuities and real estate investment trust (REITs) which they allege were unsuitable.

In February 2017  Flynn was discharged from Voya Financial Advisors who made the following allegation in connection therewith: “The representative provided misleading information to the Firm during a complaint investigation” related to a variable annuity.

Flynn discloses Federal Tax Liens of $256,165 and $18,837.

Jim Flynn is currently registered with IFS Securities. He was registered with Voya Financial Advisors 5/2013-2/2017, Capital Investment Group in Greer, SC, 7/2011-6/2013 and Brookstone Securities 9/2006-7/2011. He discloses a business affiliation with Flynn Insurance Group and Flynn Wealth Management.

If you have questions about an account  handled by James  (Jim) T. Flynn  , contact us to discuss 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

Steve J. Pabon-Joseph Stone Broker-Discloses Pending Customer Dispute-Syosset,NY

July 2017- Syosset, New York

The FINRA records of  Steve J. Pabon,  a  stock broker who is currently employed by Joseph Stone Capital ,  disclose  a currently pending customer dispute and a prior 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 a currently pending matter, a customer of Pabon’s former employer Craig Scott Capital, seeks unspecified damages and contends there was misrepesentation with regard to the commissons and or markup/downs charged, alleging that the representative agreed to no more than $99 on all trades.

In 1/2012, Pabon was discharged by Brookstone Securities who made the following statement on Pabon’s FINRA record: “1.Violated telemarketing rules by making cold-call to an individual whose phone number was listed on the FTC’s national do not call list. 2.Violated industry rules by using exaggerated and promissory language to induce a prospective customer to engage in a securities transaction. 3.Violated suitability rules by recommending securities to a prospective customer without first obtaining the customer suitability information.”

Pabon’s employment history includes:

  • Joseph Stone Capital                   since 8/2016
  • Rothschild Lieberman                9/2015-8/2016
  • Craig Scott Capital                       2/2012-12/2015

He also worked for Brookstone Securities , a firms that was expelled by FINRA in 10/2012.

If you have losses in an account handled or supervised by Steve J. Pabon you may be able to recover damages from his former employer 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

William K. Bradley-Former Newbridge Securities Broker-Discloses Customer Dispute & Termination

August 2016- New York

The FINRA records of  William K. Bradley,  a  stock broker who is currently employed by Meyers Associates,  disclose  a currently pending customer dispute and a prior 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 currently pending FINRA arbitration 16-0441, a customer of Bradley’s former employer HFP Capital Markets, alleges damages of $30,236 for unsuitable investments.

In 12/2011, Bradley was discharged by HFP Capital Markets who made the following statement on Bradley’s FINRA record: “William Bradley was discharged due to the fact that he, by his own admission, was caught selling proprietary assets of the firm without authorization. When Mr. Bradley was approached  by the branch office manager and a second broker he admitted to selling leads to a person outside the firm.”

 

Bradley’s prior employment history includes:

  • Meyers Associates                       since 3/2016
  • Newbridge Securities                  11/2015-3/2016
  • Craig Scott Capital                       2/2012-12/2015

He also worked for Brookstone Securities and HFP Capital Markets. Both firms have been expelled by FINRA.

If you have losses in an account handled or supervised by William K. Bradley you may be able to recover damages from his former employer 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

Nicholas F. Milano-Former Aegis Capital Broker-Disclosed Customer Arbitrations

August  2016-Melville, New York

The FINRA records of Nicholas F. Milano ,  a  stock broker who is not currently registered but was last employed  by Aegis Capital Corp. , disclose a pending customer dispute and a prior FINRA award in favor of a customer.

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 the pending dispute , a customer of his prior employer, Aegis Capital, alleges damages in excess of $5,000 for failing to follow instructions.

In July 2016, in FINRA Case #15-0376, an arbitration panel found Milano jointly and severally liable for damages of $252,194 to a customer of his former employer Craig Scott Capital. That customer had filed an arbitration seeking damages of$493,521 alleging negligence, unsuitability, churning, unauthorized trading, breach of fiduciary duty, breach of contract and other claims.

Milano was by Aegis Capital from 6/2014-12/2015 . He was with Craig Scott Capital from 2/2012-7/2014. Prior to that he was employed by Brookstone Securities. Brookstone was expelled by FINRA in 10/2012.

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