Category Archives: Broker Disclosing Outstanding Liens/Judgments

Berthel Fisher and Company, Broker Disclosing Outstanding Liens/Judgments, ETFs Exchange Traded Funds, Failure to Supervise, Options, Stockbroker Discharged, Stockbroker Malpractice, UIT (Unit Investment Trust), Unauthorized Trading, Unsuitable Investments

Mason W. Gann-Former Berthel Fisher Broker-Subject of Customer Dispute Over Account Losses-Dallas, TX

March 2018- Dallas, TX

The FINRA records of Mason W. Gann, a stockbroker who is not currently registered with any broker dealer and who was last employed by Berthel Fisher and Co. , disclose a currently pending customer dispute, a prior customer dispute 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 January 2018 a customer of Berthel Fisher filed a complaint seeking damages of $200,000 alleging concern about being able to support his future income requirements alleging that investments in his account are unsuitable for his risk level and alleging that Gann placed unauthorized trades in his account. The investments at issue are equities, options, unit investment trusts and ETFs.

Gann was employed with Berthel Fisher since 6/2012. In February 2018, Gann was discharged by Berthel Fisher who made the following allegation on Gann’s BrokerCheck report: “Terminated for possible violation of terms of heightened supervision”. 

Gann discloses an outstanding judgment/lien in favor of the Internal Revenue Service in the amount of $54,157.

If you have losses in an account handled by Mason Gann , 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

National Toll Free: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Broker Disclosing Outstanding Liens/Judgments, Churning, ETFs Exchange Traded Funds, Failure to Cooperate with Regulatory Investigation, Failure to Supervise, Finra Investigation of Stockbroker, Merrill Lynch, Newbridge Securities Corp., Next Financial Group, Stockbroker Discharged, Stockbroker Malpractice, Unsuitable Investments

Matt S. Neas Investigation-Former Newbridge Securities Broker Subject of Numerous Customer Suits-Austin, TX

April 2018-Austin, TX

According to publicly available records Matt S. Neas  , (CRD# 2863660) ,  a  former stockbroker who last worked for Newbridge Securities Corp. was recently permanently barred from the securities industry by FINRA.

The FINRA record of Matt Neas discloses two currently pending customer disputes, 8 prior customer disputes, a termination from employment and 4 outstanding judgment/liens. A recent press release indicates that an Austin couple has filed a FINRA arbitration claim against his employer Newbridge Securities alleging that a large part of their life savings has been lost as a result of a recommendation to invest  in risky exchange traded funds (ETFs).

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 2/2018 a customer of Newbridge Securities brought a claim against Newbridge alleging that Matt Neas made unsuitable investment recommendations and charged excessive commissions. In this currently pending dispute, the customers are seeking damages of $700,000.

FINRA arbitration 18-0542 was filed against Newbridge Securities in 2/2018. The customer alleges that Neas made unsuitable recommendations to invest in risky ETFs and breached his fiduciary duty and seeks damages of $180,000.

The prior customer disputes that have been settled include:

  • FINRA Case 11-0767-a customer of his prior employer Merrill Lynch was paid $75,000 to resolve allegations that Neas made unsuitable investment recommendations , traded the account without permission and made excessive trades.
  • FINRA Case 8-3095- a customer of his prior employers UBS Financial Services and Merrill Lynch was paid $180,000 to resolve allegations that Neas unsuitably invested and churned his account.

Neas was employed by Merrill Lynch from 11/2005-8/2008. He was discharged by Merrill Lynch 7/2008 after the firm concluded that he exercised discretion in client accounts without written authorization.

Neas was then employed by NEXT Financial Group from 9/2008-2/2011 and then with Newbridge Securities Corp. from 2/2011-3/2017. Neas discloses an affiliation with Neas Financial Group in Austin, TX.

Neas discloses currently outstanding liens/judgements to the IRS of $155,388 and to Merrill Lynch of $1,083,357.

If you have losses in an  investment account handled by Matt S. Neas , call 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

Broker Disclosing Outstanding Liens/Judgments, Elder Financial Abuse, Failure to Supervise, Lincoln Financial Advisors, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft

Jimmy Moscoso-Former Lincoln Financial Advisor Broker-Barred From Securities Industry-Boca Raton, FL

February 2018-Boca Raton, FL

According to publicly available records Jimmy Oswald Moscoso  , (CRD# 2912265) ,  a   former stockbroker who last worked for Lincoln Financial Advisors,  discloses that he was recently barred from the securities industry and  terminated 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 February 2018 FINRA permanently barred Moscoso. Without admitting or denying the findings Moscoso consented to the sanction and to the entry of findings that he converted customer funds. According to FINRA, an elderly customer agreed to invest in a real estate investment and gave Moscoso $20,000, payable to a business owned by Moscoso who then deposited the check and used the funds for personal expenses.

Moscoso was discharged by Lincoln Financial Advisors in 1/2018 after the firm learned that he had personally used customer funds for his own benefit.

Moscoso was employed by Lincoln Financial Advisors from 3/2015-1/2018.

If you have losses in an  investment account handled by Jimmy Moscoso  , call 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

Broker Disclosing Outstanding Liens/Judgments, Failure to Supervise, LPL Financial, Misrepresentation, Next Financial Group, Selling Away, Stockbroker Malpractice, Unregistered Securities, Unsuitable Investments

Erryn Barkett-Former LPL Financial Broker-Discloses Pending Customer Suits-The Woodlands, TX/Fincastle, VA

February 2018-The Woodlands, TX -Fincastle, VA

According to publicly available records Erryn Michael Barkett , (CRD# 4102279) ,  a  currently unregistered stockbroker who was last employed by LPL Financial, disclose a recent regulatory sanction, 2 pending customer disputes, 3 prior customer disputes and 6 financial disclosures.

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 2/2016, Barkett was sanctioned by the Virginia State Corporation Commission who alleged the sale of  unsuitable and unregistered securities and the omission of  material information in the sale of those securities causing investors to lose $330,000. Barkett was ordered to pay restitution of $15,000 by the Virginia regulators.

Public records disclose that  Barkett’s prior employer  NEXT Financial Group paid over $310,000 to settle the claims of four customers who alleged that Barkett sold them fraudulent unregistered products involving structured military pension investments in Voyager Financial Group.

In pending FINRA Case 17-0132  customers of NEXT Financial Group are seeking damages of $310,000 and allege that between 2009 and 2013 Barkett recommended that they invest in various fraudulent companies and recommended nearly $650,000 in illiquid and poor performing alternative investments, REITs and annuities.

In a case pending in Botetourt County Circuit Court in Fincastle, VA, a customer of NEXT Financial Group has filed an action seeking damages of $78,000 alleging that Barkett sold unregistered securities in a military pension product that were not suitable.

Barkett was employed by NEXT Financial Group 3/2008-1/2013 and with LPL Financial 1/2013-8/2017.

If you have questions about an account handled by Erryn Michael Barkett, contact us to learn how damages may be recoverable 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