Category Archives: WRP Investments

Thomas J. Dailey-Sterne Agee Financial Broker-Discloses $500K Customer Dispute

July 2016-Youngstown, Ohio

The FINRA records of Thomas J. Dailey ,  a stock broker who is currently employed by Sterne Agee Financial Services, disclose  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 the currently pending FINRA Case# 15-03065, a customer of WRP Investments alleges damages of $500,000 for misrepresentations made in connection with an investment in  Florida Capital Real Estate Partnerships.

Dailey has been employed by Sterne Agee Financial Services since 9/2014. He was previously employed by WRP Investments in Youngstown, OH, from 12/2003-9/2014.

If you have questions about an account handled by Thomas J. Dailey 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

William R. Pintaric-Former WRP Investments Broker-Discloses Customer Disputes

July 2016-Cuyahoga County, Ohio

The FINRA records of William Richard Pintaric , (CRD 363876) a stock broker who is currently employed by SA Stone Wealth Management (formerly Sterne Agee Financial Services), disclose  2 prior regulatory events, a currently pending customer dispute and a prior final 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 the currently pending matter, a customer of WRP Investments alleges damages of $153,000 for failing to supervise the activities of John Corsi, a broker with WRP Investments in relation to the sale of promissory notes.  Case CV 16 873171, Court of Common Pleas, Cuyahoga County, Ohio.

Pintaric has been employed by SA Stone Wealth Management since 9/2014. He was employed by WRP Investments in Youngstown, OH, from 3/1977-9/2014.

If you have questions about an account handled by William Richard Pintaric 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

Matthew T. Flynn-L.M. Kohn Broker-Discloses Customer Dispute Over REIT Investment

July 2016- Troy, Michigan

The FINRA records of Matthew T. Flynn  , a stock broker employed by L.M. Kohn & Company, disclose  a pending customer arbitration, a prior final financial disclosure and a prior 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 FINRA Case 13-003391 , a customer while Flynn was employed by WRP Investments alleges damages of $275,000 for the sale of non publicly traded real estate investments trusts (REIT) that were not suitable.

In 9/2014 Flynn was discharged from Fifth Third Securities who made the following allegation on Flynn’s FINRA record: “The firm terminated the registered representative as a result of an examination which found the registered representative violated firm policies and procedure, including but not limited to, the alteration of a client document.”

Flynn made the following statement in response: “I effectuated the urgent request of a very elderly client who expressed a need to quickly settle his affairs for a surviving spouse. I completed a signature line that the client inadvertently overlooked among dozens of other signatures the client had signed the same forms multiple times to open multiple accounts and overlooked a signature line. I have not previously completed the signature for a client in over 22 years working in the securities industry and only did so because of the unique urgency expressed by the this client.”

Flynn reports discharge from Chapter 7 bankruptcy proceedings in the Eastern District of Michigan in 12/2011.

Osborn has been employed by L.M. Kohn since 10/2014. Prior to that he was employed by FIfth Third Securities from 10/2012-10/2014. Before that he was employed by Morgan Stanley and WRP Investments.

If you have losses in an account handled by Matthew T. Flynn, you may be able to collect damages from his former employer.

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

Former WRP Investments/Waddell & Reed Broker Jeffrey Brian Meyer Barred From Securities Industry

February 11, 2015

The Financial Industry Regulatory Authority (FINRA) entered a default decision against Jeffrey Brian Meyer,  for engaging in securities transactions outside the scope of his employment and then failing to respond to a  complaint filed by FINRA in August of 2014.

According to the Decision, while associated with Waddell & Reed in 2008-2009, Meyer participated in the sales corporate guarantees issued by United Private Capital  to 20 investors, raising $1 million. It further alleges that during 2010-2012, while associated with WRP Investments, Inc. , Meyer engaged in private securities transactions by participating in the sales of promissory notes issued by Strategic Lending Solutions LLC, to 13 investors raising $300,000. In 2010 and 2011, the complaint alleges Meyer sold promissory notes issued by K&M Oil Company that were private securities transactions.

FINRA alleged that Meyer violated NASD Rules 3040 and 2010 and FINRA Rule 2010 by not providing prior written notice to his then member firm. Meyer failed to respond to the complaint and FINRA moved for default.

Meyer was barred from associating with any FINRA member in any capacity.

If you lost money in an account handled by Meyer you may be entitled to recover damages from his employer. Contact us for more details.

 

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

FINRA Sues Former Waddell & Reed Broker Jeffrey B. Meyer-Private Securities Transactions

In August 2014, the Financial Industry Regulatory Authority (FINRA) filed a complaint against Jeffrey Meyer for participating in 37 private securities transactions, totaling over $1.5 million in violation of firm procedures and policies as well as NASD and FINRA Rules.

While registered with Waddell & Reed, Inc. FINRA alleges that Meyer participated in private securities transactions involving this company:

  • United Private Capital 

While registered with WRP Investments, Inc.  FINRA alleges that Meyer participated in private securities transactions involving these companies:

  • Strategic Lending Solution
  • K&M Oil Company

If you suffered losses in an account handled by Jeffrey Meyer, contact us to discuss your legal options.

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

Investigation Of Former Stockbroker Kyle Back

We are investigating former stockbroker Kyle Thomas Back of Blacklick, Ohio, who recently was suspended by the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he engaged in a pattern of unsuitable short-term trading of mutual funds and front-loaded unit investment trust (UIT) transactions.

FINRA findings state that in connection with 14 accounts, Back purchased and sold within a year mutual funds and UITs. Both of these products are intended to be held long term because they are front loaded. Customer losses exceeded $122,000 while paying commissions of over $46,000 to Back.

FINRA records indicate that Back previously was registered with Ameriprise Financial, Lantern Investments and WRP Investments. If you had an account with Back that suffered losses, you may be able to recover damages through FINRA arbitration.

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