Category Archives: Wilson-Davis & Co.

Ian C. Kass-Former WIlson-Davis Stockbroker- Charged with Securities Fraud-Ft. Lauderdale, FL

October 2016-Ft. Lauderdale, Florida

The FINRA records of  Ian C. Kass,  a  former stockbroker who  was last employed by  Wilson-Davis & Co.   discloses a recent employment separation after allegations.

In September 2016, the U.S. Attorney’s Office for the Southern District of Florida reported that Kass, 45, of Ft. Lauderdale had been charged with one count of conspiracy to commit securities fraud in connection with a scheme to fraudulently register shell companies with the SEC, issue shares in the companies with were secretly owned by the other conspirators and sell the shares to the public at a profit.

Sheldon R. Rose, 77, of Sarasota was also charged with conspiracy to commit securities fraud. The other co-conpirators who previously pled guilty for their role in the fraud are:

  • Daniel McKelvey, 49, Foster City, CA
  • Jeffrey L. Lamson, 51, El Dorado Hills, CA
  • Steven Sanders, 73, Lake Worth, FL
  • Alvin S. Mirman, 78, Sarasota, 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.

In July 2016, Kass was discharged by Wilson-Davis & Co. who made the following allegations on Kass’s FINRA record in connection with the discharge:” With the assistance of outside counsel, reviewed documents, public filings, representative’s performance and compliance history, interviewed representative and concluded to terminate representative based on the pending government investigations.”

Kass was employed by Wilson-Davis & Co. from 7/2012-7/2016. Prior to that he was employed by Delaney Equity Group 7/2011-7/2011 and before that Gordon & Co. 6/2011-6/2011.

If you have losses in an account handled by Ian C. Kass , contact us to discuss how you may be able to recover damages for those losses.

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

Christopher Cervino-Former Cor Clearing StockBroker-Convicted of Securities Fraud

UPDATE MARCH 2017Christopher Cervino, 44, of Franklin Lakes, New Jersey was convicted of one count of conspiracy to commit securities fraud in connection with his role in a securities fraud scheme involving a publicly traded over the counter company, He faces up to five years in prison, according to this press release from the United States Attorney’s Office.

UPDATE AUGUST 2016Cervino discloses that a customer of COR Clearing has filed FINRA arbitration 16-2100 alleging damages of $778,119 for recommending an investment in penny stocks that the customer claims to be worthless.

UPDATE JULY 2016Cervino was permanently barred by FINRA for failing to respond to FINRA request for information.

ORIGINAL POST January 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 recordsChristopher M. Cervino has been charged with securities fraud, money laundering and wire fraud in the US District Court for the Southern District of New York. Cervino is not currently registered with FINRA. He was registered with Primary Capital, LLC, from 10/2014-1/2016. Prior to that he was registered with Cor Clearing from 8/2013-10/2014, and before that with Wilson-Davis & Co. from 7/2012-8/2013. He was registered for a short time 9/2011-12/2011 with Delaney Equity Group of Palm Beach Gardens, FL.

FINRA records disclose that Cervino is currently named in a pending customer dispute. In FINRA case 15-2385, a customer alleges that while he was employed by Cor Clearing, Cervino failed to properly handle customer accounts with regard to the promotion of VGTEL stock. Damages are alleged to be $495,000.

If you have losses in an account handled by Christopher Cervino 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