Category Archives: First Midwest Securities

Kris Bortnovsky-Former Joseph Stone Capital Broker-Discloses Customer Disputes

March 2017-New York

According to publicly available records Kris Bortnovsky , (CRD# 5320266) ,  a   stockbroker who is not currently registered with any broker dealer discloses a currently pending customer dispute, a prior customer dispute that was settled and two prior regulatory events.

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 arbitration 11-628, a customer of one of Bortnovsky’s prior employers, Regal Securities, alleged damages of $950,000 for excessive and unauthorized trading. That matter was settled for $535,000.

In the currently pending customer dispute, a customer of Global Arena Capital alleges damages of $300,000 for unauthorized trading and failure to disclose that an investment was volatile and risky.

Bortnovsky was employed by Joseph Stone Capital 4/2015-3/2016, Global Arena Capital 11/2012-5/2015 , First Midwest Securities 7/2009-2012 and Regal Securities 10/2007-8/2009.

If you have losses  in an account handled by Kris Bortnovsky, 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

Joshua L. Feldman-Aegis Capital Broker-Discloses Customer Dispute Over Penny Stocks

August  2016-New York

The FINRA records of Joshua L. Feldman ,  a  stock broker who is currently  employed  by Aegis Capital Corp.  , disclose a 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 the pending dispute, FINRA Case #16-0916, a customer of Aegis Capital alleges damages of $300,000 for  unsuitability in penny stocks and option transactions for the period from January 2011 through December 2015.

Feldman has been employed by Aegis Capital Corp. since 12/2011. Prior to that he was employed by First Midwest Securities from 1/2009-12/2011.

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

Neil D. Pecker of Longwood, Florida, Ordered to Pay Millions in Fines/Restitution

UPDATE MARCH 2017-Longwood, FL

Public records disclose that on March 8, 2017, in an action filed by the U.S. Commodity Futures Trading Commission in the U.S. District Court for the Southern District of Florida, a consent order was entered against Neil D. Pecker and his company Viseon Financial Planners , who were charged with fraudulent solicitation and misappropriation in connection with off-exchange binary options. Restitution of $2.7 million and a civil monetary penalty of $3..7 million were ordered. Case# 16-cv-60297. 

Pecker was permanently barred from the securities industry by FINRA in 12/2016.

ORIGINAL POST-July 2016-Longwood, Florida

The FINRA records of Neil D. Pecker  , a stockbroker who was last  employed by  Coastal Equities  disclose a pending civil event 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 February 2016 the U.S. Commodity Futures Trading Commission filed a civil action against Pecker and his company Vision Financial Partners, of Deerfield, FL,  charging them with fraud in connection with off-exchange binary options and registration violations. Pecker and his company are alleged to have diverted $2 million of client funds to bank accounts for their own use.

Pecker was employed by a number of broker dealers over the recent years, including Coastal Equities, Westpark Capital, Newport Coast Securities and First Midwest Securities.

Investors who suffered losses in an account handled by Neil D. Pecker may be entitled 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

Enver Alijaj-Investigation Update-Former Legend Securities Broker

April 13, 2016

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 Enver R. Alijaj , report that he is currently named in 9 pending customer disputes, 2 pending criminal matters and has an outstanding lien in the amount of $37,438 in favor of American Express Centurian Bank.

In 2014, one of Alijaj’s former customers at  JHS Capital Securities, won a $1 million award against Alijaj. JHS Capital Securities had made a confidential settlement prior to the arbitration hearing. See this for details. 

In the currently pending cases the customers make allegations that Alijaj made unsuitable investments, churned and made excessive trades in the accounts, over concentrated the accounts and was grossly negligent. Total alleged damages in the pending cases exceed $3 million. See FINRA record for details.

FINRA records report Alijaj was employed in the securities most recently as follows:

  • 4/2013-8/2013             Avenir Financial Group
  • 12/2010-4/2013           Legend Securities Inc. 
  • 4/2010-12/2010           First Midwest Securities 
  • 6/2009-4/2010               JHS Capital Securities

Alijaj was “permitted to resign” from Legend Securities in March 2013 with the following allegation from his former employer:

“During FINRA mandated suspension from 1/22/2013-3/21/2013, Mr. Alijaj was prohibited from entering Legend’s offices. However, the firm has learned that Mr. Alijaj violated this prohibition by coming into Legend’s office after hours. In addition Mr. Alijaj failed to respond to compliance inquiries in response to firm oversight.”

If you have losses in an account handled by Enver Alijaj, you may be able to recover 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

Shawn Burns Named in Customer Arbitrations Alleging High Pressure Stock Sales

April 11, 2016-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 Shawn E. Burns, a stock broker who works for Salomon Whitney Financial, report that he is currently named in 4 pending arbitrations and has resolved 10 other arbitrations. The pending arbitrations include:

FINRA Case 15-00107– customer alleges that Burns used high pressure tactics to purchase securities and/or equities from February 2012-August 2012. Damages are alleged to be $75,000.

FINRA Case 14-02953- customer alleges that Burns practiced high pressure sales , churned his account and recommended unsuitable trades. Damages of $130,000 are alleged.

Burns has previously been employed by Cape Securities , First Midwest Securities and Murphy & Durieu. He was discharged from Murphy & Durieu in 2002 for alleged unauthorized trading in a customer account.

FINRA records report that Burns filed for Chapter 7 bankruptcy in February 2016.

If you have losses in an account handled by Shawn E. Burns you may be able to recover damages from his 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