Category Archives: StockBroker Misconduct

Garden State Securities, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Jason Zwibel-Garden State Securities Financial Advisor-Discloses Customer Disputes-Wellington, FL

January 2020 – Wellington, FL

The FINRA records of Jason Eric Zwibel, a stockbroker who is currently  employed by  Garden State Securities, disclose a pending customer dispute,  4 prior customer disputes and a termination from employment.

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 currently pending  FINRA Case 19-2086 a customer of Garden State Securities seeks unspecified damages and alleges unsuitable investments and breach of fiduciary duty.

In 11/2018 a customer of Garden State Securities was paid $110,000 to settle allegations that Zwibel made unsuitable investments. FINRA Case 17-2864

Zwibel   has been employed by Garden State Securities since 1/2010.

If you have questions about an account  handled by Jason E. Zwibel  call for a no charge consultation to learn more 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Peachcap (Peachtree Capital Corp), Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

David H. Miller-Broker with Peachcap Securities- Discloses Multiple Customer Disputes- Atlanta, GA

January 2020 – Atlanta, GA

The FINRA records of of David Harrison Miller , a stockbroker with Peachcap Securities, discloses 5 prior customer disputes and 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 June of 2019, a customer of PeachCap Securities Inc., and PeachCap Tax & Advisory customer was unhappy with the performance of his investment .   The alleged damages were $150,000.   That case settled for $50,000.

In April of 2019, a PeachCap Securities, Inc. and PeachCap Tax & Advisory customer was unhappy with the performance of their investment with an affiliated firm.   The alleged damages were $315,000.   The case settled for $315,000.

In February of 2019, another PeachCap Securities Inc., and PeachCap Tax & Advisory customer was unhappy with the performance of his investment and an affiliated firm.  This case settled for $100,000.

In October of 2019, a PeachCap Securities Inc., and PeachCap Tax & Advisory customer filed FINRA case #19-03001 alleging sales practice violations related to mismanagement of her accounts from October 2015 until October 2016 with alleged damages of $43,541.   This case is still pending.

In August of 2019, a PeachCap Securities Inc., and PeachCap Tax & Advisory customer filed FINRA case #19-02045 alleging damages of $1,200,000 on direct investments and LPs.   This case is still pending.

Miller has been  employed with Peachcap Securities since 10/2015.    He also discloses business affiliations with Miller Wealth Financial since August of 2008.

If you have problems in an account  handled by David Harrison Miller call for a no charge consultation with an experienced securities attorney .

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

Broker borrowing Money from customer, Raymond James, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct

Lance R. Armstrong- Former Raymond James Broker- Discloses Regulatory Event and Termination- Columbia, NJ

January 2020 – Columbia, NJ

The FINRA records of Lance Roman Armstrong  , a former stockbroker who was last employed by Raymond James Financial Services, Inc. , disclose  a regulatory event resulting in his bar from the securities industry and a termination from employment.

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 November 2019, FINRA  permanently barred Armstrong as a result of his member firm filing a Form U5, disclosing that it had discharged hi after he solicited and accepted multiple loans from customers in connection with an undisclosed business activity.

Armstrong worked for Raymond James Financial Services  from April 2007 until February 2019 when he was discharged by them  as a result of allegations that “he solicited and accepted multiple loans from customers in connection with an undisclosed outside business activity.” 

 Armstrong discloses business affiliations with First Hope Bank of Columbia, NJ and Coopcade Capital an accounting firm in Lafayette, NJ.

If you have questions about an account handled by Lance Roman Armstrong,  call for a no charge consultation with an experienced securities attorney .

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, Independent Financial Group, Stockbroker Malpractice, StockBroker Misconduct, Theft

Kendall J. Groom- Former Independent Financial Group Broker- Barred From Securities Industry- Fresno, CA

January 2020- Fresno, CA

The FINRA records of Kendall J. Groom  , a broker previously employed  by  Independent Financial Group , disclose  a regulatory event resulting in his bar from the securities industry.

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 August 2019, Groom was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that as trustee he diverted approximately $460,000 of the trusts’ assets to brokerage, advisory, and bank accounts that he owned or controlled.

In addition to the bar from the industry, he was ordered to disgorge over $262,000 and pay penalties and interest in excess of $200,000.

Groom worked for Independent Financial Group from December of 2016 to August of 2019.   From November of 1999-December of 2016, he worked for Cetera Financial . Groom discloses a business affiliation with Groom, McCormick LLP, an accounting firm.

If you have problems in an account  handled by Kendall J. Groom  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

Merrill Lynch, Puerto Rico Bonds, Stockbroker Malpractice, StockBroker Misconduct

Jose Casellas-Merrill Lynch Broker- Subject of $3 Million Customer Dispute- Guaynabo, Puerto Rico

January 2020- Guaynabo, Puerto Rico/Miami, FL

According to publicly available records Jose Alberto Casellas (CRD# 2638747) ,  a  stockbroker who is employed by Merrill Lynch, Pierce, Fenner & Smith  disclose a 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 19-1218, a customer of Merrill Lynch alleges that Casellas made unsuitable recommendations and traded without authority. Damages of $3 million are sought.

Casellas  has been registered with Merrill Lynch, Pierce, Fenner & Smith since September 2010.

If you have questions about an account in an account handled by Jose Alberto Casellas , contact us for a no charge consultation 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