Tag Archives: Legend Securities investigation

Michael Guilfoyle-Former Legend Securities Broker-Discloses Settlement of Churning Complaint

New York

UPDATE JUNE 2017Michael Guilfoyle is not currently registered He left employment at Four Points Capital Partners in 3/2017.

ORIGINAL POST 2/2017

Publicly available records of Michael N. Guilfoyle, (CRD# 5119593) ,  a  stockbroker who is currently employed by Four Points Capital Partners disclose that in 2014 a customer of his prior employer Legend Securities filed FINRA arbitration #14-3134 alleging damages of $298,687 for churning, excessive trading, recommending unsuitable investments and engaging in unauthorized trading. That case was settled for $99,999.

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.

Guilfoyle  has been employed by Four Points Capital Partners since 9/2016. His prior employment includes IFS Securities, Legend Securities, Joseph Gunnar, America’s Choice Equities, J.P. Turner and Newbridge Securities. 

If you have questions about an account in an account handled by Michael Guilfoyle, 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

Jason H. Klabal-Former Legend Securities Broker-Discloses Customer Disputes

January 2017- New York

According to publicly available records Jason H. Klabal , (CRD# 2910714) ,  a  stockbroker who is currently employed by Alexander Capital disclose 2 currently pending 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 FINRA Case 16-3549, a customer of Klabal’s former employer, Legend Securities,  alleges damages of $200,000 for churning, misrepresentation, breach of fiduciary duty, negligence and breach of contract.

In FINRA Case 16-3029, a customer of Klabal’s former employer, Legend Securities, alleges damages of $150,000 for fraud, churning, excessive margin, over concentration, breach of fiduciary duty, breach of contract and negligence.

Klabal has been employed by Alexander Capital since 6/2016.  He was previously employed by Legend Securities and before that, Buckman Buckman and Reid. 

If you have questions about an account in an account handled by Jason H. Klabal, 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

Joseph M. Thurnherr-Former First Standard Financial Broker-Discloses Pending Customer Disputes

August 2016- New York

The FINRA records of  Joseph M. Thurnherr,  a  stock broker who is currently employed by Meyers Associates  disclose  two pending customer disputes and three prior final 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 FINRA Case#16-01460, a customer of Thurnherr’s prior employer First Standard Financial Company alleges damages of $93,624 alleging that his account was unsuitably invested and over concentrated.

In FINRA Case#1-01143, a customer of Thurnherr’s prior employer Legend Securities alleges damages of $536,180 alleging churning, excessive trading, suitability, unauthorized trading, negligence, breach of fiduciary duty and misrepresentation.

 

Thurnherr has been registered with Meyers Associates since 11/2015.  He was registered with First Standard Financial Company from 10/2014-10/2015, National Securities Corp from 11//2012-10/2014 and with Legend Securities from 1/2011-1/2012.

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

Hank Werner-Former Legend Securities Broker-Discloses Investigation for Churning Account of Blind & Disabled Widow

August  2016-New York

The FINRA records of Hank M. Werner ,  a  currently unlicensed stock broker who was most recently employed by Legend Securities Inc.  , discloses a pending FINRA investigation in which he was charged with excessive trading and commissions which cost a 77 year old widow, who is blind,  $184,000 over a three year period.

In addition Werner’s FINRA record discloses a prior final customer dispute, 2 terminations from employment and six outstanding 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.

In recently filed FINRA regulatory case 2015048048801, FINRA makes the following allegations:

  • Werner enriched himself at the expense of an elderly, blind and physically disabled customer by engaging in a manipulative, deceptive and fraudulent scheme pursuant to which he churned three accounts of the widow.
  • The victim, blind since birth, had recently lost her husband of 40 years, who was also blind.
  • Werner place over 700 trades in the accounts, generating nearly $250,000 in commissions resulting in losses of $184,000.

In FINRA case 98-0692, a customer of one of Werner’s prior employers, American Investment Services, (firm expelled by FINRA in 2/2003) , alleged damages of $412,636 for unsuitable investments, churning, misrepresentation and fraud. That case was settled for $190,000.

Werner was discharged for cause by two prior firms.

Werner discloses six outstanding tax liens, including amounts to the Internal Revenue Service totaling over $500,000.

 

Werner was employed by Legend Securities from 12/2012-3/2016. Prior to that he was employed by Liberty Partners Financial Services.

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 DiGregorio-Former J.D. Nicholas Broker-Permanently Barred from Securities Industry-Melville, NY

Melville, NY

UPDATE JULY 2017-In 11/2016 Matthew DiGregorio was permanently barred from the securities industry by FINRA for failing to pay an award as ordered by a FINRA arbitration panel to heis for partners at a FINRA member firm. The FINRA panel also found that DiGregorio made false representations to the panel regarding his child’s accident to procure continuances of the hearing sessions.

ORIGINAL POST-July 2016

The FINRA records of Matthew DiGregorio  , a stock broker who formerly worked for Aegis Capital and J.D. Nicholas & Associates , disclose  a currently pending regulatory matter, a prior final regulatory event, 5 prior final customer disputes  and 3 outstanding judgement/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.

In a currently pending FINRA Case # 2015045909501, FINRA alleges that DiGregorio failed to pay an award as ordered by a FINRA arbitration panel to his former partners at a FINRA member firm and during the investigation told FINRA he does not intend to honor the award. The complaint alleges that DiGregorio refused to produce any documents responsive to the arbitration panel’s orders, specifically in relation to his claims that his child was involved in an accident that resulted in an adjournment or the panel hearings.

In prior regulatory matter 13-0570 DiGregorio was suspended in 8/2015 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information.

DIgregorio discloses the following judgements:

  • a judgement in favor of Volvo Car in the amount of $3,858.74
  • a judgement related to the dispute with his former partners in the amount of $3,452.93
  • a judgment in favor of Stacey DiGregario in the amount of $11,617.57

DiGregorio  was employed by Aegis Capital from 6/2015-8/2015, with J.D. Nicholas & Assoc. from 1/2013-7/2015 and before that with Legend Securities from 6/2012-1/2013. He was with Chelsea Financial Services from 9/2010-7/2012.

If you have losses in an account handled by Matthew DiGregorio , contact us 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

Michael A. Castillero-Alexander Capital Broker-Discloses Multiple Customer Disputes

New York

MAY 2017 UPDATE-FINRA records disclose that in 11/2016 a customer of Alexander Capital who had alleged damages of $190,000 for unsuitable investments, negligence, unauthorized trading and other claims was paid a settlement of $100,000. Castillero contributed $25,000 toward that settlement.

ORIGINAL POST 7/5/2016

According to FINRA records Michael A. Castillero ,   a stockbroker who currently is employed by Alexander Capital LP.   discloses  three pending 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.

Castillero’s FINRA record discloses three previously resolved disputes and three pending customer disputes including:

  • FINRA Case 16-1702- a customer of Alexander Capital LP alleges damages of $56,000 for unsuitable investments, negligence and unauthorized trading.

Brokers have a duty to make investment recommendations that are suitable for the customer, taking into account the age, health, investment objective and risk tolerance of the investor.

Castillero’s previous employment includes Legend Securities and J.P. Turner & Co.

If you have questions about an account handled by Michael A. Castillero, 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