Category Archives: Fortune Financial Services

James F. Fosbre-Former United Planners Broker-Discloses Termination From Employment-Bayville, NJ

Bayville, New Jersey

According to FINRA records,  James F. Fosbre, IV  a stockbroker  who formerly worked for United Planners Financial Services ,  discloses a prior final customer dispute , a termination from employment and five pending 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.

James F. Fosbre discloses that in 2/2016 he was permitted to resign from United Planners Financial Services , who made the following allegation in connection with the termination: “failure to update U4 Financial Disclosure (bankruptcy) in a timely manner“.

Fosbre discloses that he was discharged from Chapter 7 bankruptcy in 8/2015.

Fosbre  was been employed by United Planners Financial Services  from 9/1999-2/2016. He has been employed by Fortune Financial Services since 2/2016.

If you have questions about an account handled  by James F. Fosbre, IV , 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

Summit Brokerage Services Broker Sanctioned for Borrowing from Customer

October 15, 2015 – Fredericksburg, VA

Jonathan D. Freeze  , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he borrowed $20,000 from a firm customer without providing notice and obtaining written pre-approval from his firm as required by FINRA rules.

AWC No. 2013036251001

Freeze was fined $5,000 and suspended for 10 business days.

According to FINRA records, Freeze  is currently registered with Fortune Financial Services. He was previously registered with Summit Brokerage Services  from 7/2013-7/2015. Prior to that he was registered with LPL Financial. 

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 Kupets, Former Fortune Financial Services Broker Barred by FINRA

June 2014-Hopwood, PA

The Financial Industry Regulatory  Authority (FINRA) barred William Thomas Kupets, Jr. from association with any FINRA member to resolve allegations that he failed to respond to requests for information and documents concerning potential disclosures on his form U4.  According to FINRA records, Kupets was registered with Fortune Financial Services from 07/2002-09/2013.

A form U4 is the Uniform Application for Securities Registration or Transfer. Stockbrokers must use this form to become registered and qualified to sell securities and must  update it from time to time as required by regulators. It contains information related to:

  • States where the broker is registered
  • Professional designations
  • Residential history
  • Employment history
  • Other businesses
  • Criminal disclosure
  • Regulatory action disclosure
  • Civil judgment disclosure
  • Customer complaints
  • FInancial disclosure, including bankruptcy

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