Category Archives: Broker Disclosing Outstanding Liens/Judgments

Broker Discloses Personal Bankruptcy, Broker Disclosing Outstanding Liens/Judgments, Dakota Securities International, Failure to Supervise, Finra Investigation of Stockbroker, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Bruce Zipper-Former Dakota Securities Broker-Discloses Customer Suit/Regulatory Issues-Miami, FL

August 2018- Miami, FL

Bruce M. Zipper, a stockbroker who is not currently registered and was last employed in the securities industry by Dakota Securities International discloses  6 prior regulatory events, a prior customer dispute, a pending investigation, a termination from employment and 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.

Zipper was suspended for three months by FINRA for failing to update regulatory records relating to unsatisfied liens and judgments.

In FINRA Case 14-3006 a customer of Dakota Securities alleged that Zipper recommended unsuitable securities. The case was settled for $50,000.

Bruce Zipper worked for Dakota Securities from 2/2005 until 10/2017 when Dakota permitted him to resign.

If you have questions about an account handled by Bruce Zipper,  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

Broker Disclosing Outstanding Liens/Judgments, InvestaCorp Inc, Newbridge Securities Corp., SII Investments Inc.

Edward A. Klug-Concierge Wealth Management-Discloses Numerous Tax Liens-Appleton, WI

August 2018-Appleton, WI

The FINRA records of  Edward A. Klug,  a  former stock broker who was last employed by Newbridge Securities ,  disclose 4 prior customer disputes, and 5 currently 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.

Klug discloses the following outstanding tax liens:

  • Wisconsin Department of Revenue-$141,711
  • IRS-$482,714
  • IRS-$44,229
  • IRS-$6,695
  • IRS-$44,636

Klug was employed by Newbridge Securities from 5/2016-5/2018. Prior employments include Investacorp and SII Investments. He does business as Concierge Wealth Management in Appleton, WI.

If you have losses in an account handled by Edward Klug call for a no charge consultation to discuss your legal options for recovery.

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

Broker Disclosing Outstanding Liens/Judgments, Business Development Company (BDC), D.H. Hill Securities, Failure to Supervise, REITs, Stockbroker Malpractice, Unsuitable Investments

Charles  Stevens-D.H. Hill Securities Broker-Discloses Pending Customer Suits-St. Augustine, FL

July 2018-Clearwater, Florida

The FINRA records of  Charles T. Stevens,  a  stock broker who is currently employed by D,H. Hill Securities ,  disclose 2 currently pending customer disputes and 5 outstanding IRS 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 FINRA Case 17-3348 a customer of D.H. Hill Securities seeks damages of $150,000 and alleges unsuitable recommendations to invest in real estate investment trusts (REITs) and business development companies (BDCs). The claim alleges that D.H. Hill failed to supervise Stevens.

In FINRA Case 17-2154  a customer of D.H. Hill alleges unsuitable recommendations, negligence and breach of fiduciary in connection with investments in REITs and BDCs. Damages are not specified.

Stevens discloses five currently outstanding liens, which total over $500,000, in favor of the Internal Revenue Service. The liens are filed in the St. Johns County Clerk’s office.

Stevens has been employed with D.H. Hill Securities since 6/2006 and operates St. John’s Financial Planning.

If you have losses in an account handled or supervised by Charles  Stevens call for a no charge consultation to discuss your legal options for recovery.

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

Broker Disclosing Outstanding Liens/Judgments, ELE Wealth Advisors, Investor's Capital Corp., Madison Avenue Securities, Stockbroker Malpractice, Unsuitable Investments

Noel Vincent-Former Madison Ave. Securities Broker-Subject of Numerous Customer Suits-Houston, TX

OCTOBER 2018-Houston, Texas

According to publicly available records Noel Ray Vincent, (CRD# 1370987) ,  a  stockbroker who is not currently registered , who formerly worked for Madison Avenue Securities and who is managing director of Senior Partners Private Wealth Management ,  disclose a prior final regulatory matter, 3 pending customer disputes , 11 prior final customer disputes and a currently outstanding judgement/lien.

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.

The currently pending arbitrations include:

  • FINRA case #18-0701-a customer of Investors Capital Corp and Madison Avenue Securities alleges that the alternative investments, including REITs,  recommended were unsuitable and seeks damages of $295,000.
  • 17-03104- a customer of Madison Avenue Securities alleges misrepresentation and unsuitable investments and seeks damages of $100,000.
  • FINRA arbitration 17-0029 a customer of Investors Capital Corp. is seeking damages of $500,000 for misrepresentations, breach of fiduciary duty and other claims related to the purchase of alternative investments during the period 2005-2008.

In  FINRA arbitration 17-0818  a customer of Madison Avenue Securities sought damages of $75,000 , alleging that United Development III and UDF IV were sold to him without Vincent performing adequate due diligence and that it was negligently misrepresented. That case was settled in 1/2018 for $19,000.

In FINRA arbitration 15-0037,  a customer of one of Vincent’s prior employers,  Investors Capital Corp. , sought damages of $413,000  for unsuitable investments in oil & gas investments and real estate securities made between 2006 and 2009. That matter was settled for $125,000.

Vincent discloses an outstanding tax  lien in favor of the Internal Revenue Service in the amount of $170,000, filed in Harris County, Houston.

Vincent was employed by Madison Avenue Securities from 11/2009-4/2018. For a short period of time he was employed by Ele Wealth Advisors (6/2018-8/2018). He was employed by Investors Capital Corp. from 9/2001-11/2009. Vincent discloses a business affiliation with Senior Partners Tax & Accounting Service in Houston.

If you have suffered losses   in an account handled by Noel Ray Vincent, contact us for a no charge consultation 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