Category Archives: Ladenburg Thalmann Financial

Daniel J. O’Neill-Aegis Capital Broker-Discloses Pending Customer Dispute and Outstanding Liens

July 2016-Melville, New York

The FINRA records of Daniel J. O’Neill ,  a  stock broker currently employed  by Aegis Capital Corp. , disclose a pending customer dispute, a prior final financial event and 3 outstanding 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.

In the currently pending matter received by the company in February  2016, a customer of Aegis Capital  alleges unspecified damages for unauthorized trades and misuse of margin from May 2013-June 2015.

O’Neill discloses a discharge from Chapter 7 bankruptcy in 10/2009.

O’Neill discloses the following outstanding judgment/liens:

  • $30,000 in favor of Ladenburg Thalmann & Co. filed in Supreme Court of New York, Suffolk County.
  • $56,151 in favor of the Internal Revenue Service filed in Suffolk County, NY.
  • $7,414  tax lien in  favor of the State of New York filed in Suffolk County.

O’Neill has been employed by Aegis Capital since 4/2013. He was with Ladenburg Thalmann from 3/2011-5/2013 and Maxim Group from  8/2007-4/2011.

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

Robert L. Rosenstein-Moody Capital Solutions Broker-Discloses Judgements/Liens

Dawsonville, Georgia

According to FINRA records,  Robert L. Rosenstein   a stock broker  formerly employed by Ladenburg, Thalmann & Co. , discloses the discharge from a Chapter 7 bankruptcy in 2012  and 5 pending judgment/liens. He is currently employed by Moody Capital Solutions

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.

Rosenstein discloses five judgments/liens, including a lien for $307,666.11 filed in the Superior Court of Fulton County, GA in favor of the Internal Revenue Service.

Rosenstein was employed by Ladenburg Thalmanfrom 3/2010-7/2011. Prior to that his employment includes Midsouth Capital and Cardinal Securities.

If you have questions about an account handled  by Robert L. Rosenstein, 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

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

Losses on Cushing Royalty & Income Fund ??

June 15,2015,

Cushing & Royalty Income Fund (SRF) which traded at $25 in February 2012 currently trades at less than $5. It is a leveraged fund which invests in oil and gas royalty trusts that was sold in some cases to elderly and conservative retirees who did not understand the risky nature of this investment.

Cushing & Royalty Income Fund was underwritten by these broker-dealers:

  • Stifel, Nicolaus & Company
  • RBC Capital Markets
  • Oppenheimer & Co.
  • Robert W. Baird & Co.
  • BB&T Capital Markets, a division of Scott & Stringfellow
  • Ladenburg Thalmann & Co.
  • Wunderlich Securities
  • Maxim Group

Aside from the risky nature of this investment, the fees and commissions associated with its sale exceeded 6% in some instances.

If you were sold the Cushing Royalty and Income Fund by your stockbroker, call to speak with an experienced securities attorney and 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

Securities Service Network Acquires The Horizon Group

June 9, 2015

The Investment News reports that Knoxville, Tennessee-based broker dealer Securities Service Network (SSN) has acquired The Horizons Group, a firm previously affiliated with Cadaret, Grant & Co.

The Horizon Group manages over $400 million and is located in Rochester, New York, where it grew by focusing on providing retirement counseling and advice to large local employers including Kodak and Xerox Corp.

SSN, which has about 450 advisers and manages $13 billion, was recently acquired by Ladenburg Thalmann.

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

KMS Financial Services Placed on Probation By Florida Securities Regulators

On July 24, 2014, KMS Financial Services entered into a consent order with the State of Florida-Department of Financial Services in which the State of Florida agreed to license KMS Financial Services and KMS Financial Services agreed to be placed on probation and pay $8,000 in administrative costs. Docket Case #150989-14-AG

As a condition of the probation, KMS was ordered to submit a plan to avoid all future violations of securities laws, regulations, and SRO rules in connection with the sale of private placements. The period of probation is two years.

KMS Financial Securities, headquartered in Seattle, WA,  has been a FINRA member since 1969.  They are a subsidiary of Ladenburg Thalmann Financial Services, Inc. They have about 435 registered representatives in over 300 branch offices

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