Category Archives: Laidlaw & Company

Jeffrey L. Offen-Craft Capital Management Broker-Discloses Customer Disputes & Judgements-Garden City, NY

April 2017- Garden City, NY

According to publicly available records Jeffrey L. Offen  , (CRD# 2893980) ,  a  stockbroker who is currently registered with Craft Capital Management  discloses:

  • a prior regulatory event
  • 2 prior customer disputes
  • 12 currently outstanding liens/judgments

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 December 2016 Offen was fined $5,000 and suspended for 60 days by FINRA for failing to timely disclose reportable information. FINRA Case 2016048415301.

In FINRA Case 9-5377 a customer of New Castle Financial Services alleged damages of $98,000 for breach of fiduciary duty, fraud and negligence. That case was settled for $60,000 in 1/2011.

The 12 outstanding judgment/liens against Offen include:

  • $4,970 to Sharton T. McLaughlin, MD
  • $17,049 to Daimler Chrysler
  • $58,970 to the Internal Revenue Service
  • $35,621 to the Family Court of the State of New York
  • $6,117 to Salvatore Albanese & Co.

Offen has been employed by Craft Capital Management since 10/2016. His prior employment includes Salomon Whitney Financial, Network 1 Financial Securities, Laidlaw & Company and Obsidian Financial Group. 

If you have questions about an account handled by Jeffrey L. Offen, 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

Marc A. Reda-Former PHX Financial Broker-Fined & Suspended-NY

SEPTEMBER 2017 UPDATE-In June 2017, without admitting or denying the findings, Marc Reda consented to a fine of $5,000 and a three month suspension. FINRA found that he exercised discretion in customer accounts without written authorization from the customers and that he failed to timely disclose on FINRA Form U4 a federal tax lien filed against him in the amount of $575,101.

ORIGINAL POST--May 2016- Garden City, NY

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 records,  Marc A. Reda discloses 6 final and one pending customer dispute. In March 2016  a customer of Reda while he was registered with PHX Financial (Phoenix Financial Services) sent an email to the compliance department alleging that beginning in November 2015 there was a failure of Reda to follow instructions, there were unauthorized trades, poor communication and overconcentration of investments. No specific monetary damages are alleged. That matter is presently pending.

In 2/2016 a customer of Reda contacted Phoenix Financial Services and stated that certain transactions executed shortly after opening the account were unauthorized and had resulted in damages. That matter was settled for $120,000.

FINRA records disclose a currently pending FINRA investigation which is reviewing both current and former clients of Mr. Reda and the respective activity in the accounts to see if there were any rule violations.

According to FINRA records, Reda  has been registered with Spartan Capital Securities  since 5/2016. Reda was registered with First Standard Financial from 2/2016-5/2016. Prior to that he was registered with PHX Financial from 10/2014-1/2016 and with Laidlaw & Company from 11/2013-10/2014.

FINRA records disclose an Internal Revenue Service lien filed in the Supreme Court of Richmond County against Reda in the amount of $575,101.40.

If you have losses in an account handled by Marc A. Reda 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

Nathaniel R. Clay-Former National Securities Corp Broker-Named in Customer Arbitration

May 2016-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 recordsNathaniel Royce Clay has been registered with Laidlaw & Company since 11/2015. Prior to that he was registered with National Securities Corporation from 7/2008-11/2015. FINRA records reveal he was ‘permitted to resign’ from National Securities Corp in 11/ 2015 after an internal review determined that Clay misappropriated non-public customer information.

FINRA records disclose that   FINRA Case 15-03001 is  currently pending. The customer alleges that while Clay was registered with National Securities Corp.  he made unauthorized trades, breached his fiduciary duty and he was negligent. The customer alleges damages of $513,218.

If you have losses in an account handled by Nathaniel Royce Clay 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

Patrick H. Maddren-Former Dawson James Broker-Discloses Settlment of $1M Customer Dispute

UPDATE FEBRUARY 2017-FINRA records disclose that arbitration 16-00849, discussed below, was settled for a payment $295,000 by Dawson James Securities.

ORIGINAL POST-May 2016-Ft. Lauderdale, FL

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 recordsPatrick H. Maddren has been registered with Laidlaw & Company since 8/2012. Prior to that he was registered with Dawson James Securities from 8/2009-8/2012.

Patrick H. Maddren discloses on his FINRA records disclose that   FINRA Case 16-0849 is currently pending. The customer alleges that while Maddren was registered with Dawson James Securities he failed to follow instructions, made material misrepresentations and omissions, traded the account excessively, charged excessive commissions, traded without authority and made unsuitable recommendations. Damages are alleged to be $1,000,000.

If you have losses in an account handled by Patrick H. Maddren 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

Joseph M. Fedorko-Laidlaw & Company Broker-Named in Customer Disputes

May 2016-Stamford , CT

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 recordsJoseph M. Fedorko, Jr. has been registered with Laidlaw & Company since 6/2009.

FINRA records disclose that Joseph M. Fedorko, Jr. has been named in 16 customer disputes, 15 of which have been finalized and one of which is pending. The cases that have been resolved include:

  • FINRA Case 14-0801- a client alleged unsuitable investments. That case was settled for $120,000.
  • FINRA Case 12-3931- a customer alleged negligence, breach of fiduciary duty and breach of contract. That case was settled for $120,000.
  • FINRA Case 11-01077- a customer alleged excessive and unsuitable trading. That case was settled for $490,000.

FINRA Case 13-0139 is currently pending. The customer in that case alleges unsuitable and unauthorized use of margin borrowing and claims damages of $90,000.

If you have losses in an account handled by Joseph M. Fedorko, Jr.  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

Bryan Mazliach-Laidlaw & Company Broker-Named in Customer Arbitrations

May 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.

According to FINRA records,  Bryan G. Mazliach has been registered with Laidlaw & Company since 1/2015. Prior to that he was registered with Rockwell Global Capital from 12/2010-1/2015.

FINRA records disclose that there are currently two customer disputes pending against Bryan G. Mazliach:

  • FINRA Case 16-00291-a customer of Mazliach, while he was employed by Laidlaw & Company, alleges excessive trading and commissions resulting in damages of $200,000.
  • FINRA Case 14-2981- a customer of Mazliach, while he was employed by Rockwell Global Capital, alleges churning, suitability and unauthorized trading resulting in damages of $201,095.

If you have losses in an account handled by Bryan G. Mazliach 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

Luis Marquez-Former Dawson James Broker-Named In Customer Arbitration-Ft. Lauderdale

May 2016- Ft. Lauderdale, FL

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 Luis Marquez  disclose that he has a pending customer dispute. In FINRA Case 15-02669 a customer alleges that while Marquez was employed by Dawson James Securities he invested the account in unsuitable investments and caused losses of $340,000. The investments involved are common and preferred stocks and private placements.

Luis Marquez has been registered with Laidlaw & Company  since 1/2013..  He was previously registered with Dawson James  Securities from 9/2006-2/2013.

If you have losses in an account handled by Luis Marquez , and believe that your account was mishandled, 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