Category Archives: Broker Disclosing Outstanding Liens/Judgments

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

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

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

JUNE 2018-Houston, Texas

According to publicly available records Noel Ray Vincent, (CRD# 1370987) ,  a  stockbroker who is currently registered with ELE Wealth Advisors and who is managing director of Senior Partners Private Wealth Management  disclose a prior final regulatory matter, 5 pending customer disputes , 9 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.
  • 17-02194-a customer of Madison Avenue Securities alleges that a REIT purchased in 2013 is unsuitable and seeks damages of $50,000.
  • 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. 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.

Investors Capital Corp., a part of the Cetera Group, wound down its operations during 2016, transferring many of its brokers and customers to Summit Brokerage Services. In November 2016, Investors Capital Corp. withdrew its FINRA registration and closed operations.

INVESTORS CAPITAL CORP. SUBJECT OF 21 REGULATORY MATTERS–CEASES OPERATIONS FALL 2016

Investors Capital Corp. withdrew its registration with FINRA in fall 2016. Investors Capital has been named in 21 regulatory matters and a number of customer arbitrations. For more information on Investors Capital Corp, follow this link. 

If you have suffered losses on REITs (real estate investment trusts) or other investments  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

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

April 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 recent regulatory event resulting in suspension, a currently pending customer dispute, a prior customer dispute , a termination from employment and an outstanding tax 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.

In April 2018, FINRA suspended Mason Gann for 20 business days and fined him $5,000 to resolve allegations that he exercised discretion in six customers’ accounts without obtaining written approval from the customers or his firm.

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

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