Category Archives: Brookstone Securities

Steve J. Pabon-Joseph Stone/Rothschild Lieberman Broker-Discloses Pending Customer Disputes

August 2016- Syosset, New York

The FINRA records of  Steve J. Pabon,  a  stock broker who is currently employed by Joseph Stone Capital and Rothschild Lieberman,  disclose  3 currently pending customer disputes 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 15-0735, a customer of Pabon’s former employer Craig Scott Capital, alleges damages of $1,000,000 for trades that were highly speculative and unsuitable.

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                     since 9/2015
  • 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

Laurence M. Torres Discloses Customer Arbitrations-Alexander Capital/First Standard Financial Stockbroker

May 2016- Staten Island, 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.

According to FINRA records,  Laurence M. Torres discloses 3 pending customer disputes

 

  • A claim brought in March 2016 alleges damages of $99,999 for churning, unsuitability, breach of fiduciary duty and fraud.
  • FINRA Case 15-2541 alleges damages of $400,000 for unsuitability, breach of fiduciary duty, common law fraud and breach of contract.
  • FINRA case 15-2147 alleges damages of between $25,000 and $49,999 for failure to follow instructions, customer did not understand the use of margin borrowing and unsuitable investments.

According to FINRA records, Torres  has been registered with First Standard Financial  since 10/2014.  He was registered with Alexander Capital from 6/2012-10/2014 and prior to that with Brookstone Securities from  10/2009-6/2012.

If you have losses in an account handled by Laurence M. Torres contact us to learn how you may be able 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

Wayne Ford-Salomon Whitney Broker-Discloses Pending Customer Dispute & Liens

UPDATED August 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  disclose a currently  pending customer dispute,  5 prior final customer disputes, and 13 currently outstanding judgment/liens.

In currently pending 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.

Ford’s prior customer disputes include:

  • FINRA Case 14-02534- a customer of Salomon Whitney Financial  alleged unauthorized trading, churning, unsuitability and failure to supervise and damages of  $244,125. That case was settled for $125,000.

Ford’s disclosures regarding judgements and liens includes:

  • Internal Revenue Service tax lien in the amount of $68,010.
  • New York State Commissioner of Taxation and Finance tax lien in the amount of $15,945.

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

John Cangialosi Investigation-Legend Securities Broker

FINRA records report that John Cangialosi, who has been registered with Legend Securities since 8/2013, is named in a  currently pending arbitration:

  • FINRA Case 15-292. The customer alleges negligence, breach of fiduciary duty, negligent supervision, breach of contract and fraud and seeks damages of $250,000.

John Cangiolosi  was ‘permitted to resign’ from J.P. Turner in 2/2009 after a customer alleged that his account had been traded without authority. In 12/2013, Cangiolosi filed for Chapter 13 Bankruptcy protection, according to FINRA.

Prior to joining Legend Securities, Cangiolosi was registered as follows:

  • 6/2012-8/2013               Joseph Gunnar
  • 10/2009-6/2012            Brookstone Securities
  • 7/2006-2/2009                J P Turner and Company

We are investigating Legend Securities broker John Cangiolosi and would like to speak with any of his present or prior customers who may have information they believe to be helpful to this investigation.

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