Category Archives: vFinance Investments

Stockbroker James G. Collard-Boerne, Texas-Discloses Regulatory Proceeding

Boerne, Texas

According to FINRA records James G. Collard ,   a stockbroker who currently works for VFinance Investments   discloses  a currently pending regulatory action.

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 pending FINRA Disciplinary Proceeding 201220342425-01, FINRA alleges that Collard and his prior employer Further Lane Securities charged excessive markups in 55 corporate bond transactions from February 2012 through June 2012. Further Lane Securities terminated its registration with FINRA in May 2014. The FINRA action seeks sanctions and disgorgement of ill gotten gains.

Collard has been employed by VFinance Investments since 11/2013.

If you have questions about an account handled  G. Collard, 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

Douglas J. Williams-VFinance Investments,Boca Raton-Discloses $2.5M Customer Dispute

Boca Raton, Florida

According to FINRA records Douglas J. Williams ,   a stockbroker who currently works for VFinance Investments   discloses  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 pending FINRA Case 15-0049 a customer alleges damages of $2,500,000 for poor recommendations and poor advice in connection with the purchase of asset-backed security.

 

Wirth has been employed by Cambridge Investment Research since July 2007.

If you have questions about an account handled by Douglas J. Williams, 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

Alan R. Pacella-ViewTrade Securities Broker-Discloses Pending Investigation

Boca Raton, Florida

According to FINRA records, Alan R. Pacella  a stock broker who works for ViewTrade Securities  discloses a regulatory matter that has been finalized , a customer dispute that has been finalized and a pending regulatory investigation.

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.

Pacella’s FINRA record discloses that FINRA instituted an investigation in September 2015 for potential violations of Section 5 of the Securities Act of 1933 and FINRA Rule 2010. Examination #20140404879.

Section 5 of the Securities Act of 1933 regulates the timeline and distribution process for issuers who offer securities for sale. FINRA Rule 2010 is entitled Standards of Commercial Honor and Principles of Trade and states that “A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”

Pacella’s  previous employment includes Mediterranean Securities Group, VFinance Investments and SMH Capital.

If you have questions about an account handled by Alan R. Pacella, 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

Daren Dorval Investigation-Legend Securities Broker

FINRA records report that Daren Dorval, who has been registered with Legend Securities since 9/2009, is named in a 3 currently pending arbitrations:

  • FINRA Case 15-802 filed by a Florida resident, alleges that Dorval was not licensed to sell securities in Florida, made false statements of material fact, engaged in unauthorized transactions, failed to follow instructions, engaged in churning and stock manipulation and improperly used margin borrowing in the account. The customer alleges damages of $150,000.
  • FINRA Case 15-1904. The customer alleges that Dorval executed unauthorized transactions in the account and seeks damages of $260,000.
  • FINRA Case 13-2638-FINRA also lists this case as 13-2630. The client claims excessive trading for the purpose of generating commissions, that Dorval ignored the client’s wishes to trade conservatively and continued to manage the account in an extremely aggressive manner and that Dorval refused to make good on an executed settlement agreement. The customer alleges damages of $500,000.

Daren Dorval has been named in a customer dispute in which a customer alleged unauthorized trading and failure to follow instructions. That case was settled in 8/2010 for $30,000.

Prior to joining Legend Securities, Decker was registered with VFinance Investments 

We are investigating Legend Securities broker Daren Dorval and would like to speak with any of his present or prior customers who may have information they believe to be helpful to this investigation.

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

Brian K. Decker Investigation-Legend Securities Broker

FINRA records report that Brian K. Decker, who has been registered with Legend Securities since 9/2009, is named in a 2 currently pending arbitrations:

  • FINRA Case 15-889 by a customer who alleges that Decker engaged in fraud, negligent misrepresentation, breach of fiduciary duty and churning and is seeking damages of $150,000.
  • FINRA Case 15-802 filed by a Florida resident, alleges that Decker was not licensed to sell securities in Florida, made false statements of material fact, engaged in unauthorized transactions, failed to follow instructions, engaged in churning and stock manipulation and improperly used margin borrowing in the account. The customer alleges damages of $150,000.

Brian Decker has been named in nine other customer disputes that have been resolved, including:

  • A July 2015 settlement of $35,000 to a customer alleging failure to supervise and unsuitable investments.
  • FINRA Case 14-2734 alleging violation of Colorado securities and consumer protection laws, negligence and common law fraud, settled for $14,999.
  • FINRA Case 12-1033 alleging breach of fiduciary duty, negligence, churning and fraud settled for $32,500.

Prior to joining Legend Securities, Decker was registered with VFinance Investments 

We are investigating Legend Securities broker Brian Decker and would like to speak with any of his present or prior customers who may have information they believe to be helpful to this investigation.

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

Kuhns Brothers Securities Broker Sanctioned by FINRA

July 15, 2015-

Jeffrey Howard Auerbach  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he violated NASD Rule 3040 and FINRA Rule 2010 by participating in three private securities transactions without first seeking and receiving written approval from his FINRA member firm.

AWC NO. 2014039856801

Auerbach  was  fined $15,000 and suspended for 90 days.

According to FINRA records, Auerbach has been registered with Kuhns Brothers Securities Corp. since April 2013. Prior to that he was registered with Westor Capital Group, National Securities Corp. and Finance Investments, Inc. 

Kuhns Brothers Securities has been registered since 1999 and is headquartered in Lakeville, CT.

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

VFinance (Boca Raton, FL) Censured/Fined by FINRA

The Financial Industry Regulatory Authority (FINRA) fined VFinance Investments, Inc. $27,500 and required the firm to revise its written supervisory procedures to resolve allegations that it failed to publish immediately a bid or offer that reflected the price and the full size of customer limit orders for over the counter (OTC) equity securities held by VFinance that were at a price that would have improved the bid or offer of the firm in such securities.

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