Category Archives: Primex

Matthew J. Westfall-Former Securities America Broker-Discloses Pending Customer Dispute

February 2017-Grand Isle, NE

According to publicly available records Matthew J. Westfall , (CRD# 1112977) ,  a   stockbroker who is not currently registered, discloses a pending customer dispute, a discharge from employment and a final regulatory matter.

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.

Westfall discloses that in March 2016, a customer of Securities America filed FINRA arbitration 16-0771 alleging damages of $336,813 for unsuitable recommendations, fraudulent misrepresentation and violations of federal and Nebraska securities laws in connection with an investment in real estate securities. That matter is currently pending.

Westfall discloses that in 12/2012 he was discharged from National Planning Corporation who alleged that he solicited an investment and accepted funds in connection with an investment that was not offered by the firm.

Westfall discloses that in January 2014, he was fined $25,000 and suspended for two years to resolve allegations that he solicited and accepted funds from firm customers to purchase Iraqi Dinar currency as an investment and other allegations.

Westfall’s prior employment includes Primex, National Planning Corporation, Securities America, Sunamerica Securities and VSR Financial Services. 

If you have questions about an account in an account handled by Matthew J. Westfall , 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

William F. White-Primex Broker-Discloses FINRA Investigation and Settlement of Customer Dispute

February 2017-New York

According to publicly available records William F. White  , (CRD# 2168943) ,  a   stockbroker who is employed by Primex, discloses a  pending FINRA investigation and the settlement of a 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.

FINRA is investigating White for not properly updating Form U4 to disclose the filing of a bankruptcy petition, civil lawsuits and liens , potentially violating various FINRA and NASD bylaws and rules.

White discloses that in 6/2015 he settled an arbitration filed by a customer of his former employer, K-One Investment Company, alleging sales practice violations, for $51,250.

William F. White has been employed by Primex  since 10/2009. Prior to that he was employed by K-One Investment Company from 11/2004-7/2009.

If you have questions about an account in an account handled by William F. White , 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

Chazon Stein-Former Primex Stock Broker-Discloses Permanent Bar from Securities Industry-Boca Raton, FL

July 2016-Boca Raton, Florida

The FINRA records of Chazon Stein (also known as Chaz Stein, Chazoni Stein & Zoni Stein) , a  currently unlicensed stockbroker who last worked for  Primex disclose a prior regulatory event and 2 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.

In July 2015 the Florida Office of Financial Regulation found that Chazon Stein offered and sold unregistered securities, engaged in securities  business in Florida without being registered and obtained money by means of fraud and permanently barred Stein from affiliating or seeking future registration as a dealer, investment adviser, or associated person under the Florida Securities and Investor Protection Act, Chapter 517, F.S. In addition Stein was assessed a $40,000 administrative fine.

Chazon Stein was employed by Primex  from 10/2013-1/2014. Prior to that he was employed by Sterne Agee Financial Services and Emmett A. Larkin Company.  

In July 2015, the  FBI announced today the indictment of eight individuals, including Chazon Stein, 36, of Miami Beach, for participating in securities fraud involving Thought Development Inc., a Miami Beach based company claiming invention of a green line on the football field visible, and Virgin Gaming, a fee based service facilitating on line gaming and fantasy sports leagues.

Investors who have questions about how their brokerage account has been handled by Chazon Stein should call to learn how you may be entitled to collect 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

Primex Broker Jeffrey S. Cederberg Discloses Sanction -San Luis Obispo, CA

San Luis Obispo, CA

UPDATE JULY 2017-In April 2017, Jeffrey Cederberg was fined $5,000 and suspended for four months by FINRA to resolve allegations that he failed to timely amend his Form U4 to disclose a federal tax lien and two state tax liens totaling approximately $70,000 that were filed against him.

ORIGINAL POST -July 2016

The FINRA records of Jeffrey S. Cederberg , a stockbroker currently employed by Primex ( aka Primex Prime Electronic Execution, Inc.)  , disclose 1 pending regulatory matter, 1  employment separation , a prior personal bankruptcy and 7 pending 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.

Cederberg disclosed in February 2016 that he is the subject of a currently pending FINRA investigation for potential violations of FINRA Rules 2010, 1122 and 8210.

FINRA Rule 2010 states: “A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”

FINRA Rule 1122 states that No member or person associated with a member shall file with FINRA information with respect to membership or registration which is incomplete or inaccurate so as to be misleading, or which could in any way tend to mislead, or fail to correct such filing after notice thereof.”

FINRA Rule 8210, which can be accessed in its entirety here, is entitled “Provision of Information and Testimony and Inspection and Copying of Books. ”

In 2005 Cederberg voluntarily resigned from United Securities Alliance, Inc. who made the following allegation on his FINRA record: “maintaining unapproved website in violation of NASD rules and firm policies and procedures”. A $10,000 fine was imposed in connection with internal review of unapproved website.

Cederberg discloses  that in 12/2012 he was discharged from Chapter 7 bankruptcy court in the District of Oregon.

Included in the 7 unsatisfied and outstanding judgments and liens against Cederberg are:

  • a $1.7 million judgment in favor of Karen Templeton Cederberg in the San Luis Obispo Superior Court of California. Cederberg disputes this amount of this filing.
  • a number of tax liens in various amounts in favor of the Oregon Department of Revenue, the IRS and the state of California Franchise Tax Board.

Cederberg has been employed by Primex since 5/2008.

If you have questions about an account handled by Jeffrey S. Cederberg, 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