Category Archives: J.P. Turner & Company

David A. Cusano-Former Sandlapper Securities Broker-Discloses Regulatory Matter and Customer Disputes-Sarasota, FL

February 2017-Sarasota, Florida

According to publicly available records David A. Cusano , (CRD# 1805308) ,  a   stockbroker who is not currently registered and who was last employed by Sandlapper Securities, discloses a pending regulatory matter, 3 prior customer disputes that have been settled  and two separations from employment after allegations.

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.

Cusano discloses the following FINRA arbitrations that have been settled:

  • 12-0594-a customer of his prior employer NEXT Financial Group alleged damages of $100,000 for unsuitable investments. That case was settled for $50,000
  • 12-2302-a customer of his prior employers NEXT Financial Group, High Mark Securities and SII Investments  alleged damages of $1,593,168 for losses on annuities. That case was settled for $95,000.
  • 11-3339-a customer of his prior employer NEXT Financial Group alleged damages of $945,030 for excessive trading in unsuitable products, misrepresenting fees and commissions that would be charged, failure to disclose material information and breach of fiduciary duty. That case was settled for $330,000.

According to his disclosures, in November 2016 the Florida Office of Financial Regulation filed a cease and desist action seeking sanctions, including a permanent bar from the industry for borrowing from customers, engaging in prohibited business practices and failing to observe high standards of commercial honor. FL Docket Case 58302-S. 

In 2002, Cusano voluntarily resigned from Walnut Street Securities on allegations that he  participated in selling an unregistered security away from the firm. In 2010 Cusano was permitted to resign from NEXT Financial for submitting variable annuity forms that contained inaccurate information.  

Cusano’s registrations include:

  • Sandlapper Securities– 6/2014-1/2015
  • Invest Financial Corp.-7/2011-6/2014
  • Sterling Enterprises– 1/2011-7/2011
  • J.P. Turner & Co.-7/2010-10/2010
  • NEXT Financial Group– 8/2007-6/2010

If you have losses  in an account handled by David A Cusano, 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 Guilfoyle-Former Legend Securities Broker-Discloses Settlement of Churning Complaint

New York

Publicly available records of Michael N. Guilfoyle, (CRD# 5119593) ,  a  stockbroker who is currently employed by Four Points Capital Partners disclose that in 2014 a customer of his prior employer Legend Securities filed FINRA arbitration #14-3134 alleging damages of $298,687 for churning, excessive trading, recommending unsuitable investments and engaging in unauthorized trading. That case was settled for $99,999.

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.

Guilfoyle  has been employed by Four Points Capital Partners since 9/2016. His prior employment includes IFS Securities, Legend Securities, Joseph Gunnar, America’s Choice Equities, J.P. Turner and Newbridge Securities. 

If you have questions about an account in an account handled by Michael Guilfoyle, contact us to discuss your legal 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

Robert F. Stefanelli-Alexander Capital Broker-Discloses Customer Dispute Alleging High Pressure Sales

January 2017- New York

According to publicly available records Robert F. Stefanelli , (CRD# 2566917) ,  a  stockbroker who is currently employed by Alexander Capital disclose 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 FINRA Case 16-3517, a customer alleges damages of $50,000 for high pressure sales and excessive margin use.

Stefanelli has been employed by Alexander Capital since 5/2012.  He was previously employed by Legend Securities and before that, J.P. Turner and Co. 

If you have questions about an account in an account handled by Robert F. Stefanelli , contact us to discuss your legal 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

John D. Slipek-Alexander Capital Broker-Discloses Customer Dispute

January 2017- New York

According to publicly available records John D. Slipek , (CRD# 4274243) ,  a  stockbroker who is currently employed by Alexander Capital disclose 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 FINRA Case 16-2665, a customer of Alexander Capital alleges damages of $38,084 for breach of fiduciary duty, unsuitable investments and unauthorized trades.

Slipek has been employed by Alexander Capital since 9/2012.  He was previously employed by J.P. Turner & Co from 1/2010-9/2012.

If you have questions about an account in an account handled by John O. Slipek, contact us to discuss your legal 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

Ty K. Bauer-Former J.P. Turner Broker-Discloses Customer Disputes

January 2017- Oxford, MS

According to publicly available records Ty Kevin Bauer , (CRD# 27150885) ,  a  stockbroker who is currently employed by Alexander Capital disclose 2 currently pending customer disputes.

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 16-1421, a customer of Bauer’s prior employer, J.P. Turner & Co., alleges damages of $200,000 from investment “CTX” a direct investment and LP interest.

In FINRA Case 16-243, a customer of Bauer’s prior employer, J.P. Turner & Co., alleges damages of $500,000 for unsuitable investments, misrepresentation, breach of fiduciary duty, churning, fraud, negligence and breach of contract for the period of time October 2011 to the present.

Bauer has been employed by Alexander Capital since 7/2016.  Bauer was previously employed by Coker & Palmer 1/2015-7/2016 and by J.P. Turner 11/2011-1/2015. Prior to that he was employed by Calton & Associates.

If you have questions about an account in an account handled by Ty K. Bauer, contact us to discuss your legal 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

Raymond T. Clark-Former Dynasty Capital Partners Broker-Discloses 6 Pending Customer Disputes

August 2016- Buffalo, New York

The FINRA records of  Raymond T. Clark,  a  former stock broker who FINRA has permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public, discloses 4 prior regulatory events, 6 pending customer disputes and 7 prior customer disputes. Clark was last employed in the securities industry by Dynasty Capital Partners.

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.

His prior settled customer disputes include:

  • FINRA Case#9-2811, a customer of Clark’s former employer J.P. Turner alleged damages of $1,000,000 for unauthorized trades, unauthorized use of margin, fraud and breach of fiduciary duty. That case was settled for $395,000.

Currently pending customer disputes include:

  • US DIstrict Court Case 15-CV-1387-DMS-JMA in which a customer of Dynasty Capital Partners alleges damages of $150,000 for misrepresentation, forgery of account documents leading to stock losses.
  • A customer dispute 11/14/2014 in which a customer of Dynasty Capital Partners alleges damages of $814,530 by a customer who made a loan to Clark and is claiming misrepresentation and forgery of securities.

Clark was registered with Dynasty Capital Partners from 8/2010-8/2014.

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

Anthony Mastroianni-Former Alexander Capital Broker-Discloses $2M Customer Churning Arbitration

August 2016-  New York

The FINRA records of  Anthony Mastroianni,  a  stock broker who is currently employed by Meyers Associates  disclose  2 currently pending customer disputes, 4 prior customer disputes and a currently outstanding judgement/lien.

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 currently pending FINRA Case 16-01776, a customer of Mastroianni’s prior employers, J.P. Turner & Co. and Alexander Capital, alleges damages of $2,000,000 for conversion of customer funds, churning, unsuitable investments, breach of fiduciary  duty and breach of contract.

In currently pending FINRA Case 15-01447, a customer of prior employer J.P. Turner & Co. alleges damages of $60,000 for churning and mishandling of the account.

Mastroianni   has been registered with Meyers Associates since 11/2013. He was registered with Alexander Capital from  5/2012-11/2013. Prior to that he was registered with J.P. Turner & Co. from 4/2009-2/2012.

If you have losses in an account handled by Anthony Mastroianni , you may be entitled to 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