Category Archives: Fifth Third Securities

Matthew T. Flynn-L.M. Kohn Broker-Discloses Customer Dispute Over REIT Investment

July 2016- Troy, Michigan

The FINRA records of Matthew T. Flynn  , a stock broker employed by L.M. Kohn & Company, disclose  a pending customer arbitration, a prior final financial disclosure and a prior 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.

In FINRA Case 13-003391 , a customer while Flynn was employed by WRP Investments alleges damages of $275,000 for the sale of non publicly traded real estate investments trusts (REIT) that were not suitable.

In 9/2014 Flynn was discharged from Fifth Third Securities who made the following allegation on Flynn’s FINRA record: “The firm terminated the registered representative as a result of an examination which found the registered representative violated firm policies and procedure, including but not limited to, the alteration of a client document.”

Flynn made the following statement in response: “I effectuated the urgent request of a very elderly client who expressed a need to quickly settle his affairs for a surviving spouse. I completed a signature line that the client inadvertently overlooked among dozens of other signatures the client had signed the same forms multiple times to open multiple accounts and overlooked a signature line. I have not previously completed the signature for a client in over 22 years working in the securities industry and only did so because of the unique urgency expressed by the this client.”

Flynn reports discharge from Chapter 7 bankruptcy proceedings in the Eastern District of Michigan in 12/2011.

Osborn has been employed by L.M. Kohn since 10/2014. Prior to that he was employed by FIfth Third Securities from 10/2012-10/2014. Before that he was employed by Morgan Stanley and WRP Investments.

If you have losses in an account handled by Matthew T. Flynn, 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

Matthew Roger Quinn-Fifth Third Securities Broker Barred from Industry by Regulator

March 20, 2015-Cincinnati, OH

Matthew Roger Quinn   entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that  he failed to provide on-the-record testimony pursuant to FINRA rules in response to an investigation that Quinn withdrew funds from the accounts of three elderly bank customers, ages 76, 86 and 89.

Quinn was barred from the securities industry.

FINRA Case # 20130388350

According to FINRA records, Quinn was registered with Fifth Third Securities from 5/2013-11/2013, when he was discharged .Prior to that he was registered with LPL Financial LLC. 

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

Fifth Third Securities Ordered to Pay Elderly Client $85,000 in FINRA Arbitration

January 16, 2015- Columbus, Ohio

A FINRA arbitration panel in Columbus , Ohio , ordered Fifth Third Securities and broker Vasumati K. Amin  to pay a customer over $85,000 in compensatory damages, plus interest and costs. The customer alleged that the respondents took advantage of an elderly client in order to collect excessive and unwarranted fees. The customer also alleged that she understood the tax consequences of the transaction or the early withdrawal penalty, she would not have entered into it. Ann Molleson v Fifth Third Securities, et al FINRA Case # 13-1510.

If you have questions about losses in your brokerage account, call to speak with an experienced securities attorney.

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

Fifth Third Securities Ordered to Pay Elderly Customer For Losses on Unsuitable Investments

January 16, 2015- Columbus, Ohio

A FINRA arbitration panel has ordered Fifth Third Securities and broker Vasumati Amin to pay an elderly client $85,000, plus interest and costs after a  hearing to resolve claims that Fifth Third and Amin took advantage of the client in order to collect excessive and unwarranted  fees. Molleson v. Fifth Third, et al FINRA Case# 13-1510.

If you have questions about your account at Fifth Third Securities, contact us to speak with an experienced securities attorney.

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

PNC Investments Broker Barry Millinovich Sanctioned by Securities Regulators

Loveland, Ohio

Barry John Millinovich was barred by FINRA from the securities industry to resolve allegations that he made unauthorized withdrawals of $10,100 from the savings account of a customer and used the funds for personal expenses.

FINRA records indicate that Millinovich was registered with PNC Investments from 5/2011-10/2013. Prior to that he was registered with Fifth Third Securities. If you had losses in an account handled by Millinovich, you may be able to recover damages for those losses.

Rex Securities Law provides nationwide representation to investors 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

Fifth Third Securities Broker Mark Talley Barred by FINRA

By Robert H. Rex, Esq. 


 Mark Raymond Talley (CRD #4969783, Registered Representative, Ft. Mitchell, Kentucky) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Talley consented to the described sanction and to the entry of findings that he recommended that his customer replace an existing variable annuity with a new variable annuity. The findings stated that Talley misrepresented orally and in writing that the existing variable annuity was out of the surrender period and could be sold without incurring a surrender fee when in fact, the annuity was still in the surrender period and the customer would incur a $15,000 surrender fee if it was sold. As a result of Talley’s representation, the customer sold the annuity and purchased a new one. On a switch form related to the transaction, Talley falsely stated that he verified that the customer’s existing annuity was out of the surrender period and claimed he had obtained this information by speaking to an individual he claimed was an employee of the insurance company that underwrote and issued the annuity. Talley did not, in fact, contact the insurance company. Therefore, the information he placed on the switch form was false. The customer signed the switch form and Talley submitted it to his member firm. The firm filed a Uniform Termination Notice for Securities Industry Registration (Form U5) in which it disclosed that Talley was permitted to resign after the firm determined that he had provided inaccurate information on a client disclosure document. The findings also stated that in connection with FINRA’s investigation into that disclosure, Talley provided false answers to FINRA in response to a request for information. Talley provided partial testimony in a FINRA on-the-record interview, but failed to appear to complete the testimony. ( FINRA Case #2012032650301)

According to FINRA records, Talley was recently registered as follows: 

Fifth Third Securities, Inc.  9/2009-5/2012

Chase Investment Services 1/2008-3/2009

If you have questions about the way your brokerage account has been handled, call to speak with an experienced securities attorney. 

Nationwide representation


561 391 1900

Former Suntrust Investment Services Broker Kenneth Mauchin Barred by FINRA-Misappropraition of Customer Funds

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry.

See the FINRA website for current and historical disciplinary actions.

July 2013
Kenneth Andrew Mauchin (CRD #2366345, Registered Principal, Sanford, Florida) was barred from association with any FINRA member in any capacity. FINRA’s Enforcement Department did not seek restitution because the member firm reimbursed the customers. The sanction was based on findings that Mauchin withdrew $23,750 from customer accounts and used the funds to purchase cashier’s checks that he deposited into an account that he controlled. Mauchin falsely listed his work address as the mailing address for customer accounts, which prevented the customers from detecting Mauchin’s misappropriation of funds. The findings stated that as a result, Mauchin caused his firm to have false books and records. The findings also stated that Mauchin failed to appear for FINRA on the record testimony.

(FINRA Case #2011028452701)

According to FINRA records, Mauchin is not currently registered. He was previously registered with the following firms:

SunTrust Investment Services
6/2007-7/2011

Fifth Third Securities
2/2006-6/2007

Colonial Brokerage
10/2004-2/2006

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