Category Archives: JHS Capital Advisors

Marcello Lattuca-Former JHS Capital Broker-Discloses Pending Customer Arbitration

August 2016- Massapequa, NY

The FINRA records of Marcello Lattuca ,  a  stock broker who is currently  employed by NBC Securities  disclose a currently pending customer dispute 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 currently pending FINRA Case#16-0573, a customer of Lattuca’s prior employer JHS Capital Advisors, alleges net out of pocket damages of $109,078 and trading loss damages of $145,056 stating that the risks of recommended securities were not fully disclosed, and that investments were unsuitable for the claimant’s objectives & risk profile.

Lattuca has been employed by  NBC Securities  since 7/2015. Prior to that he was employed by JHS Capital Advisors from 3/2010-7/2015.

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

Dennis H. Cambal-Former JHS Capital Broker-Discloses Regulatory Action & Customer Disputes

August 2016- Yarmouth, MA

The FINRA records of Dennis H. Cambal ,  a  stock broker who is currently  employed by NBC Securities  disclose a prior regulatory event and 9 prior 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.

Massachusetts Regulators Place Cambal on Heightened Supervision.

In 9/2015, upon reviewing Cambal’s  request for registration (Case# R-2015-114), Massachusetts securities regulators noted that Cambal has been the subject of at least 9 customer complaints alleging inter alia:

  • making excessive trades
  • failing to follow customer instructions
  • making unsuitable investment recommendations
  • effecting unauthorized trades while registered with several broker-dealers since 1983

Massachusetts regulators determined that it is in the public interest to allow Cambal’s applications for registration as a broker-dealer agent of NBC Securities, Inc. in Massachusetts upon certain conditions, which shall be effective for five years. Those conditions include:

  • Cambal shall be supervised, on a heightened basis by NBC
  • NBC shall not permit Cambal to have any principal, supervisory, or managerial duties while associated with NBC
  • NBC shall not permit Cambal to possess or exercise discretion in the handling of Massachusetts customer accounts
  • NBC shall ensure that Cambal’s Massachusetts customer are satisfied with Cambal’s services

Cambal has been employed by  NBC Securities  since 8/2015. Prior to that he was employed by JHS Capital Advisors from 10/2011-8/2015 and prior to that with RBC Capital Markets 8/2005-10/2011.

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

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

JHS Capital Advisors Broker Thomas Oliphant Sanctioned by FINRA

To resolve allegations that he failed to respond to a FINRA regulatory investigation related to borrowing money from customers, Thomas A. Oliphant of Waxahachie, TX, was assessed a deferred fina of $5,000 and suspended for 30 days.

According to the Letter of Acceptance Waiver and Consent filed in the matter Oliphant was discharged by JHS Capital Advisors in March 2014 reporting that Oliphant was discharged for “violating company policy regarding taking loans from customers.”

If Mr. Oliphant handled your account and you suffered losses contact us to discuss your legal options.

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

Enver Alijaj- JHS Capital Securities Broker Hit with $1 Million Arbitration Award for Churning

UPDATE ON ENVER ALIJAJ INVESTIGATION-See this for details on currently pending customer disputes and other disclosure items on Enver Alijaj. 

 

A Financial Industry Regulatory Authority arbitration panel in Albuquerque, New Mexico ordered former JHS Capital Advisors, LLC broker Enver Rahman Alijaj to pay  $1 million to a former client who alleged that his account had been churned, and that he breached his fiduciary duty and was negligent and other claims.

The claims related to common stocks including Sigma Designs, Local.com Corp, Silicon Motion Technology Corp., Delta Petroleum Corp. and Yingli Green Energy Holding Company, Ltd. 

In addition, Alijaj was ordered to pay interest 8.75% from September 2008, $100,000 in attorney fees and about $18,000 in costs. The former client Jerry Camilli sought $1.3 million and had previously settled his case against JHS for a confidential amount.

According to the Wall Street Journal, Camilli has another claim pending against Alijaj for $2.7 million in losses which were suffered in his account while Alijaj was working for another firm, Meyers Associates, LP. 

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

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