Category Archives: Global Arena Capital Corp

Christopher A. Knutson-Aegis Capital Broker-Discloses Pending Customer Dispute

April 2017- Melville, NY

According to publicly available records Christopher A. Knutson , (CRD# 2997006) ,  a  stockbroker who is currently registered with Aegis Capital Corp.  discloses a currently 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 4/2016 a customer of Aegis Capital Corp. alleged damages of $175,000 for misrepresentation concerning an investment in a private placement made November 2014-April 2016.

Knutson has been employed by Aegis Capital since 8/2014. His prior employment includes Global Arena Capital, Prestige Financial Center and S. W. Bach & Company

If you have questions about an account handled by Christopher A. Knutson , 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

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

March 2017-New York

According to publicly available records Kris Bortnovsky (also known as Kris Bort)  , (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

Michael D. Teutonico Discloses Customer Arbitration-E.J. Sterling

May 2016- Lynbrook, 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.

According to FINRA recordsMichael D.Teutonico discloses a pending customer dispute. In FINRA Case 15-2792, a customer alleges that while Teutonico was registered with Global Arena Capital his account was traded excessively, over concentrated, over margined and unsuitable investments were made. Damages are alleged to be $206,000.

According to FINRA records, Teutonico  is currently registered with Network 1 Financial Securities.  He was previously registered with E.J. Sterling from 5/2014-10/2015. He was registered with Global Arena Capital from 5/2011-5/2014. FINRA expelled Global Arena Capital  in January 2016.

If you have losses in an account handled by Michael D.Teutonico 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

Mark A. Lisser Named in Customer Complaints-Former Global Arena Capital Broker

March 30, 2016

FINRA records report that former Global Arena Capital stockbroker Mark A. Lisser is currently named in two pending customer arbitrations :

  • FINRA Case 15-02008– customer alleges unsuitable investments, churning, excessive use of margin and seeks damages of $61,458.
  • FINRA Case 14-03824-customer alleges excessive trading, excess and improper use of margin and seeks damages of $109,000.

Lisser has been named in 4 other customer disputes that have been resolved, including:

FINRA Case 14-0080– customer alleged churning, unsuitability, breach of fiduciary duty and other claims while Lisser was employed by Global Arena Capital Corp. That case was settled for $160,000.

Lisser was employed by Global Arena Capital from 11/2010-12/2014. Global Arena Capital was expelled by FINRA 1/2016. Lisser is currently employed by Garden State Securities.

If you have questions about an account handled by Mark A. Lisser, 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

Hector Perez a/k/a Bruce Johnson Barred From Securities Industry

July 1, 2015

Hector Perez , a/k/a Bruce Johnson  entered into a settlement with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between December 2009 and February 2011, he and five other individuals fraudulently sold nearly $3 million worth of Senior Secured Zero Coupon Notes issued by Metals, Milling and Mining LLC in a private offering. The investors, who were promised a return of 100 percent in one year lost all their money.

FINRA alleged that Perez failed to conduct a reasonable investigation of the viability and legitimacy in the face of numerous red flags indicating that the offering was a fraud.

Disciplinary Proceeding No. 2010024522103

Perez  was  barred from the securities industry.

According to FINRA records, Perez was registered with HFP Capital Markets from 2/2009-10/2013. HFP was expelled by FINRA 6/2014. Perez was registered with Global Arena Capital from 10/2013-6/2015 and with Rockwell Global Capital from 6/2015-6/2015.

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

Global Arena Capital Brokers Sanctioned by Securities Regulators

September 15, 2015- Washington, D.C.

In a news release the Financial Industry Regulatory Authority (FINRA) announced finding numerous securities violations, including making  misleading sales pitches and  account churning at the brokerage firm Global Arena Capital Corp. Ten brokers were barred or will soon be barred from the securities industry as a result of the FINRA investigation .

Seven of the ten individuals had moved to Global Arena Capital from HFP Capital Markets, a firm that had lots of problems and was expelled from the industry by FINRA. According to FINRA the business model for both firms was targeting senior citizens who were cold called and encouraged to open accounts and make trades.

Those permanently barred are:

  • David Awad, a.k.a. “David Bennett”
  • James Torres
  • Peter Snetzko
  • Alex Wildermuth
  • Michael Tannen
  • Barbara Desiderio, former president of Global Arena Capital

Kevin Hagan and Richard Bohack were barred in a principal capacity.

Niaz Elmazi, a.k.a. Nick Morrisey and Andrew Marzed were sanctioned for failing to cooperate with the FINRA investigation.

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