Category Archives: Concorde Investment Services

Jill Cody (Tramontano)-Former Concorde Investment Services Broker-Barred From Securities Industry-Spring Lake, NJ

According to publicly available records Jill M. Cody , (CRD# 4333419) ,  a  former stockbroker who last worked for Concorde Investment Services  , has numerous disclosures: 

  • 1 prior regulatory events
  • 7 currently pending customer disputes
  • 1 currently pending regulatory investigation

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 2/2017 Jill Cody (aka Jill Tramontano)  was permanently barred from the securities industry by FINRA to resolve allegations that she permitted Richard Cody, to whom she was then married, and who had been suspended by FINRA to engage in the securities business while suspended.

Currently pending customer disputes include:

  • 3/2017-A customer of Westminster Financial Securities & Concorde Investments  seeks damages in an unstated amount and alleges that funds were taken by Cody.
  • 3/2017-A customer of Merrill Lynch, Park Avenue Securities, Columbia Management, Westminster Financial Securities and Concorde Investment Services seeks damages in an unstated amount and alleges that Cody misappropriated funds and forged documents.

For information on Jill Cody’s former husband, Richard Cody, follow this link. Cody discloses a business affiliation with Boston Investment Partners.

We are interested in speaking with former customers of Jill Cody (aka Jill Tramontano ) and Richard G. Cody. 

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

Scott D. Offerman-Former Concorde Investment Services Broker-Discloses Termination from Employment/ Liens-New York

June 2017- New York

According to publicly available records Scott David Offerman  (CRD#4619093) ,  a  stockbroker who currently is employed by Sandlapper Securities  discloses a termination from employment and 9 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 4/2017 Scott Offerman was permitted to resign from Concorde Investment Services for “failure to disclose Form U4 reportable liens in a timely manner”.

Offerman discloses tax liens to the Recorder of Deeds in Trenton, NJ, New York, NY and  Albany, NY. He also discloses a tax lien in the amount of $12,649 to the New York Department of Taxation and Finance.

Offerman was employed by Concorde Investment Services 1/2013-4/2017. Prior to that he was employed by Park Avenue Securities.

 

If you have questions about an account handled by Scott D. Offerman , 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

RIchard G. Cody-Former Concorde Investment Services Broker-Charged With Fraud by SEC-Spring Lake, NJ

UPDATED JUNE 2017- Spring Lake, New Jersey

According to publicly available records Richard G. Cody , (CRD# 2794558) ,  a  currently unregistered stockbroker who last worked for IFS Securities  , has numerous disclosures: 

  • 2 pending and 1 prior regulatory events
  • 1 civil lawsuit
  • 13 currently pending customer disputes
  • 3 prior customer disputes
  • 2 currently pending regulatory investigations
  • 1 termination from employment
  • 1 outstanding judgment/lien

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 December 2016 the SEC instituted litigation charging Cody with defrauding his retired clients by concealing the fact that their retirement accounts had suffered extensive losses and that the monthly payments they were receiving were exhausting their retirement savings. The SEC alleges that Cody concealed their substantial losses by making materially misleading statements, leading the clients to believe that their investments were maintaining steady value and that their monthly withdrawals were being financed by investment gains.

Currently pending customer disputes include:

  • 4/2017-A customer of Westminster Financial Securities seeks damages of $164,358 and alleges that Cody misrepresented account balances.
  • 3/2017-A customer of Concorde Investment Services seeks damages of $150,000 and alleges that Cody misappropriated funds and forged documents.
  • 3/2017-A customer of Concorde Investment Services seeks damages of $25,000 and alleges that Cody misappropriated funds and forged documents.

Richard G. Cody‘s employment in the securities industry includes IFS Securities, Concorde Investment Services and Westminster Financial Securities.

In September 2016 Cody was discharged by IFS Securities who alleged that Cody was “selling away” from the firm and had forged documents.

For information on Richard Cody’s ex-wife Jill Cody (Tramontano) who has been barred from the securities industry and who faces a number of customer suits, follow this link.

We are interested in speaking with former customers of Richard G. Cody and Jill Cody (Tramontano). 

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

Gary L. Glover-Former Ameriprise Broker-Disputes Customer Dispute Over Tenant in Common Investment

July 2016- John Creek, Georgia

The FINRA records of Gary L. Glover  , a stock broker currently employed by Concorde Investment Services, disclose  a prior final customer dispute,  2 pending customer disputes, a prior final financial event and a currently outstanding judgment/lien.

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 one of the pending FINRA Cases, #15-02046, a customer while Glover was employed by Ameriprise Financial Services alleges damages of $800,000 for alleged unsuitable investments in two tenant in common investments:

  • The Enclave at Deep River Plantation Apartments
  • 116 Defense Highway, Annapolis Maryland

Glover has been employed by Concorde Investment Services since 1/2016. He was employed by Sterne Agee Financial Services from 11/2011-1/2016.

If you have losses in an account handled by Gary L. Glover , you may be able to collect damages from his former employer.

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

 

Barry W. Lemay-Former VSR Financial Broker-Discloses Customer Dispute Over Alternative Investments

Campbell, CA

According to FINRA records,  Barry W. Lemay  a stockbroker  who  formerly worked for VSR Financial Services discloses  9 final customer disputes and  one pending 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 currently pending FINRA Case 15-01649,  a customer while Lemay was employed by VSR Financial  Services alleges damages of $2,822,797 and alleges Lemay was negligent, breached his fiduciary duty and made unsuitable recommendations in tenant in common investments from 2003-2008.

Four of the prior customer disputes have resulted in monetary settlements, including:

  • FINRA Case 15-0044 in which a VSR Financial Services customer alleged damages of $1 million for unsuitable investments in limited partnerships, oil & gas investments and real estate securiteis. That case was settled for $255,000.
  • FINRA Case 10-3130 in which a VSR Financial Services customer alleged damages of $737,200 for breach of fiduciary duty, negligence and misrepresentation. That case was settled for $299,000.

Lemay is currently employed by Concorde Investment Services. 

In July 2013, FINRA fined VSR Financial $550,000 for over concentrating  alternative investments in customer accounts. See this for more information.

We have represented a number of people with claims against VSR Financial Services over during the past several years. Follow this link for more information on our investigation into the sales practices of VSR Financial Services.

If you have questions about an account handled  by Barry W. Lemay, call for a no charge consultation.

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

Larry S. Werbel Discloses Customer Dispute Over Investment in VGTL and QLTS

UPDATE August 2016-Disclosure that another customer dispute has been filed. In July 2016 a customer of LPL Financial alleged damages of $19,995 for unsuitable penny stock trading and failure to disclose high risk strategy.

June 2016-Chagrin Falls, Ohio

According to FINRA records,  Larry S. Werbel   a stockbroker  who  was most recently  employed by Concorde Investment Services. He discloses  3 prior final regulatory events,  one pending criminal matter, 2 pending customer disputes and 4 terminations from employment in the securities industry.

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.

As of June 6, 2016, Werbel was suspended from associating with any FINRA member firm in any capacity for failing to respond to a FINRA request for information in connection with an investigation. If Werbel does not respond within 3 months he will be permanently barred.

Werbel was indicted in January 2016 for defrauding investors and charged with securities fraud, conspiracy to commit wire fraud and other charges in the US District Court for the Southern District of New York in Manhattan.

In currently pending FINRA Case 16-1232, a customer while Werbel was employed by LPL Financial   alleges damages of $74,518 for losses on unsuitable investments.

In another currently pending matter,   a customer while Werbel  was employed by LPL Financial and Summit Brokerage Services,  alleges damages of $661,800 for negligence and unsuitability in recommendation of penny stocks VGTL and QLTS, between 2010-August 2013.

Werbel was discharged from Concorde Investment Services in January 2016. The firm made the following allegation:
“Discharged after internal review initiated upon learning Rep was indicted for defrauding investors prior to association with the firm.”

If you have questions about an account handled  by Larry S. Werbel, call for a no charge consultation.

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

Rocco Cortese Discloses Tenant in Common (TIC) Customer Dispute

May 2016- San Francisco

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 recordsRocco A. Cortese discloses a pending customer dispute. In FINRA Case 15-0447, a customer alleges that while Cortese was registered withSigma Financial Corporation he made misrepresentations , committed fraud and was negligent in connection with the sale of a tenant in common (TIC) investment. Damages are alleged to be $861,000.

According to FINRA records, Cortese is not currently registered. He was registered with Concorde Investment Services from 12/2011-12/2015. Prior to that he was registered with Orchard Securities from 5/2011-10/2011 and before that with Omni Brokerage from 4/2005-4/2011.

If you have losses in an account handled by Rocco A. Cortese 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