Category Archives: StockBroker Misconduct

LPL Financial, Stockbroker Malpractice, Unsuitable Investments

Yvonne L. Silguero-LPL Financial Broker-Subject of $500K Customer Suit-McAllen, TX

October 2019-McAllen & Brownsville,  TX 

According to publicly available records Yvonne L. Silguero (CRD#4895654) ,  a  stockbroker  who works for LPL FInancial discloses 2 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 8/2019 a customer of LPL Financial filed FINRA case 19-2204 alleging negligence, misrepresentation, breach of fiduciary duty and failure to supervise for the period of time 7/2014-10/2018. The customer is seeking damages of $500,000.

In pending FINRA Case 17-0904 a customer of LPL Financial alleges that Silguero and LPL sold him unsuitable products for which he was not eligible and is seeking unspecified damages.

Silguero has been employed by LPL FInancial since 3/2008.

If you had an account with Yvonne Silguero that suffered losses, you may be entitled to collect damages from his prior employer. 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

JJB Hilliard WLL Lyons, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

John Dunn Gordinier – Broker With J.J.B. Hilliard, W.L. Lyons – Discloses $100K Settlement of Customer Suit- Louisville, KY

October 2019- Louisville, KY

According to publicly available records John Dunn Gordinier (CRD#2363965) ,  a  stockbroker  currently registered with J.J.B. Hilliard, W.L. Lyons  discloses a  recently settled customer dispute involving energy investments.

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 January of 2018  a J.J.B. Hilliard, W.L. Lyons customer filed FINRA case #18-035 that alleged negligence, breach of fiduciary duty, negligent supervision and breach of contract in relation to the suitability of certain energy investments during the 2014-2017 time period.  The case was settled in 12/2018 for $100,000.

Gordinier has been employed with J.J.B. Hilliard, W.L. Lyons since May of 1993.

If you have questions about an investment account handled by John Dunn Gordinier contact us for a no charge consultation to learn about 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

Churning, Finra Investigation of Stockbroker, First Midwest Securities, Global Arena Capital Corp, Joseph Stone Capital, Stockbroker Malpractice, StockBroker Misconduct

Erik Pica-Joseph Stone Capital Broker-Discloses Customer Disputes & FINRA Investigation- New York, NY

October 2019 – New York, New York

The FINRA records of Erik Patrick Pica  , a  stockbroker who is employed by Joseph Stone Capital , disclose 3 pending customer dispute, 4 prior customer disputes and a currently pending FINRA 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.

In May of 2018,  a customer Global Arena Capital Corp. was paid $30,000 to resolve allegations of negligent supervision, over-concentration and suitability in  FINRA Case 18-01555.

In December of 2011, a customer of First Midwest Securities, Inc.  was paid $4,999 to resolve allegations that Pica owned the ETF he was recommending the customer to purchase.

In pending FINRA case 18-01506 a customer of Joseph Stone Capital alleges that Pica made unauthorized trades in the account with alleged damages of $7,600.

In pending customer dispute filed by a Joseph Stone Capital customer, alleges unsuitable securities, highly speculative recommendations, churning and negligent supervision and seeks damages of $500,000.

Pending FINRA case 17-01681, filed by a Joseph Stone Capital customer, alleges failure to treat claimant in a a just and equitable manner; breach of fiduciary duty; breach of contract; negligence and negligent misrepresentation and seeks damages of $120,000.

In July 2019, FINRA initiated Investigation Matter #20190619475 alleging that Pica made various violations of FINRA rules, including wrongfully taking customer funds and providing false and misleading information to his firm as well as FINRA staff. The matter is currently pending.

Pica is currently employed with Joseph Stone Capital.   From January of 2012 until April of 2015, he was employed by Global Arena Capital Corp.,  before that he was employed with First Midwest Securities, Inc., Chicago Investment Group and Eastbrook Capital Group, all in New York City.

If you have problems in an account  handled by Erik Patrick Pica  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Birkelbach Investment Securities, Broker Discloses Personal Bankruptcy, Churning, Failure to Supervise, FINRA, Forest Securities, StockBroker Misconduct, Unauthorized Trading, Unsuitable Investments

Jack D. Stone-Former Forest Securities Broker-Discloses Customer Disputes & Regulatory Issues-Hillside, IL

September 2019 – Hillside, IL

The FINRA records of Jack David Stone  , a former stockbroker who was last employed by  Forest Securities, Inc. , disclose 4 regulatory events, 1 pending customer dispute, 2 prior customer disputes, a termination from employment and a bankruptcy.

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 9/2019, FINRA  without admitting or denying the findings,  Stone consented to the sanction and to the entry of findings that he refused to appear for  FINRA on-the-record testimony in connection with an investigation into his securities activities while at his member firm, including possible misrepresentations to customers, use of discretion and unauthorized transactions.  Stone was permanently barred from the securities industry by FINRA.

In 1/2013 a customer of his prior employer Birkelbach Investment Securities was paid $100,000 to resolve allegations that Stone made unsuitable investments and churned the customer’s account. FINRA Case 11-822,

In pending FINRA case 17-2211 a customer of Forest Securities alleges that Stone churned the account, committed fraud and made unauthorized trades in the account. Damages are not specified.

In 5/2000 Stone was permitted to resign from Schwab Capital Markets following being barred from New York Stock Exchange membership for three years.

Stone discloses a pending Chapter 7 bankruptcy in the Bankruptcy Court for the Northern District of Illinois.

Stone was employed by Forest Securities from 4/2012-8/2019.

If you have problems in an account  handled by Jack D. Stone  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Cetera Advisors, Cetera Financial Group, Stockbroker Malpractice, StockBroker Misconduct, Walnut Street Securities

Scott Shoup-Cetera Advisor Networks Broker-Discloses Customer Disputes-Sewickley, PA 

September 2019- Sewickley, PA

According to publicly available records Scott Eugene Shoup (CRD#1874559) , a  stockbroker who is currently registered Cetera Advisor Networks,  disclose 1 pending and 4 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.

From 6/ 2004 to 5/2005,  4 clients of Financial Investment Analysts filed customer disputes with allegations including: breach of contract, negligence, breach of fiduciary duty, misrepresentation, non-disclosures, unauthorized trading, omission of facts, suitability and fraud.  Total settlements paid on these cases was about $147,000.

In October of 2015, a Cetera Advisor Networks customer filed a claim in the Court of Common Pleas in Westmoreland County, PA, alleging forgery of securities and misrepresentation or misleading information.    The claim alleges that Shoup had the client’s name removed from monthly distributions from a joint annuity and that her husband was forging her name on the checks.   The client is seeking $500,000 in damages in this pending matter .

Shoup has been employed by Cetera Advisor Networks since 9/2013.    He was registered with Walnut Street Securities from 2004 until 2013.     Shoup discloses a business affiliation with Vicus Capital, Inc.,  and Pennsylvania Financial Group (PFG) in State College, PA. 

If you have questions about an investment account handled by Scott Eugene Shoup contact us for a no charge consultation to learn about 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