Category Archives: GIlford Securities

Casey J. Alexander,Former Gilford Securities Broker-Named in Customer Arbitration

New York

According to FINRA records, Casey J. Alexander, a broker who formerly worked for Gilford Securities , discloses 3 customer disputes, 2 of which have been finalized and one of which is pending.

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 matter, FINRA Case 14-2418, a customer alleges damages of $875,000 based upon control person liability for the alleged wrongful acts of one of the firm’s brokers.

Alexander was registered with Gilford Securities from 3/1996-10/2015. He is is currently registered with Ladenburg Thalmann & Co.

If you have losses in an account handled by Casey J. Alexander , 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

Samuel D. Wyman, Jr-Former Gilford Securities Broker-Named in Customer Dispute

Westhampton Beach, New York

According to FINRA records, Samuel D. Wyman, Jr., a broker who formerly worked for Gilford Securities , discloses 3 customer disputes, 2 of which have been finalized and one of which is pending. Wyman has been the subject of one regulatory event and one 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 the pending matter, FINRA Case 16-0834 , a customer alleges damages of $175,000 on investments that were unsuitable.

Wyman was registered with Gilford Securities from 1/2003-10/2015. He is currently registered with Ladenburg Thalmann & Co..

If you have losses in an account handled by Samuel D. Wyman, Jr , 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

Ralph “Brud” Worthington-Formerly with Gilford Securities- Named in Customer Arbitration

New York

According to FINRA records, Ralph  (Brud) Worthington IV, a broker who formerly worked for Gilford Securities , discloses 7 customer disputes, 6 of which have been finalized and one of which is pending. Worthington has been the subject of three 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.

The prior customer disputes include:

  • NASD Case 94-1769 in which a customer alleged reckless and callous disregard, failed to perform supervision of accounts. Damages were alleged to be $431,000. The arbitration panel found Worthington and GIlford Securities jointly and severally liable to the customer for $175,000.
  • NASD Case 96-2212 in which a customer alleged damages of $3.8 million for misrepresentation, negligence, breach of fiduciary duty. The case was settled for $950,000.

In the pending matter, FINRA Case 14-2418, a customer alleges damages of $875,000 based upon control person liability for the alleged wrongful acts of one of the firm’s brokers.

Worthington was registered with Gilford Securities from 1/1980-11/2015. He is not currently registered.

If you have losses in an account handled by Ralph  (Brud) Worthington IV , 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

Otis Bradley-Former Gilford Securities Broker Barred From Securities Industry

UPDATE-In October 2015, Otis Bradley was permanently barred from the securities industry by FINRA.

Original Post–April 27, 2015

Otis T. Bradley, was named in a complaint filed by FINRA alleging that he authorized research reports containing false, misleading and unwarranted statements concerning  a publicly traded pharmaceutical company.

The complaint alleges that in the research reports, Bradley falsely claimed that a prominent medical research university was conducting clinical trials on humans to study the effects of one of the company’s dietary supplements on thyroid disorders.

The complaint also alleges that Bradley failed to appear for on the record testimony requested by FINRA in connection with the investigation.

According to FINRA records, Bradley is not currently registered. He was previously registered with Gilford Securities from 2/2012-10/2014. Prior to that he was registered with ICM Capital Markets.

Disciplinary Proceeding 2013035928002

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

Jeremy Hare-17 Customer Complaints-Barred by FINRA

UPDATE on Jeremy D. Hare – March 2017-Philadelhia, PA

According to FINRA records, Jeremy Hare has been named in 17 prior and final customer disputes and two pending customer disputes .  He has been named in two regulatory complaints and is not currently registered with any broker dealer.

In the customer disputes that have been settled, the customers alleged various claims, including:

  • undisclosed commissions
  • trading account without authority
  • churning and unsuitable transactions
  • inappropriate investments
  • provided misleading information to customer
  • invested in unsuitable and risky closed end funds

Payments on the settled cases ranged from $8,000 to $115,000.

In the currently pending case 16-2638, which occurred when Hare was employed by Oppenheimer & Co., the customer alleges unsuitable trades, churning of account and charging commissions in lieu of managed account fee and alleges damages of $1,000,000.

In currently pending FINRA arbitration 16-2602 a customer of Oppenheimer alleges damages of $300,000 for unsuitable investments, negligent supervision, churning and charging exorbitant commissions.

Original Post—July 2013
Jeremy David Hare (CRD #2593809, Registered Representative, Narberth, Pennsylvania) was barred from association with any FINRA member in any capacity. The NAC dismissed the appeal Hare filed regarding the Hearing Panel decision, and the Hearing Panel decision shall constitute FINRA’s final disciplinary action with respect to the matter. The NAC asked Hare to submit a written statement explaining why his appeal in the matter should not be dismissed as abandoned, and he failed to file the required statement. The sanction was based on findings that Hare provided false and misleading information to FINRA in connection with its investigation into a customer’s complaint alleging unauthorized trading and other sales practice violations. The findings stated that the Hearing Panel dismissed the allegation that Hare exercised discretion in a customer’s account without written authorization.

(FINRA Case #2008014015901)

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

Gilford Securities Incorporated

8/2011-8/2012

Oppenheimer & Co.
4/2008-8/2011

Wachovia Securities, LLC
10/1999-4/2008

If you have losses in an account handled by Jeremy D. Hare, call to discuss your options for recovery of damages.

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