Category Archives: Discretionary Trading

Lennie Freiman-Former Caldwell International Securities Broker-Discloses Regulatory Investigation

San Antonio, Texas

According to FINRA records,  Lennie S. Freiman  a stockbroker who most recently worked for Caldwell International Securities, but who is not currently registered with any firm discloses  a pending regulatory investigation and a prior final regulatory 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 FINRA Case 2014039091903, FINRA alleges that Freiman failed to establish and maintain a system to supervise the activities of Caldwell International Securities that was reasonably designed to achieve compliance with applicable securities laws and regulations as well as NASD/FINRA rules.

The complaint alleges that Freiman failed to monitor for, detect and, when detected, investigate multiple instances of potential misconduct th the firm’s brokers involving unsuitable active trading investment strategies, unsuitable ETFs, discretionary trading without written authorization and excessive trading/churning in multiple customer accounts across multiple branches of the firm. This matter is currently pending.

Freiman was employed by Caldwell International Securities from 3/2001-3/2016.

If you have questions about an account handled  by Lennie Freiman or your account at Caldwell International Securities, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Maria Fan-Former Wilmington Capital Broker-Discloses Customer Dispute

New York

According to FINRA records,  Maria Fan  a stockbroker who most recently worked for Wilmington Capital Securities, but is not currently registered with any firm,   discloses  a currently pending customer dispute and 2 prior customer disputes that are final.

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 the currently pending matter, a customer while Maria Fan was employed by Aegis Capital Corp. alleges damages of $80,000 as a result of transactions that were executed in her account without her knowledge or consent.

Maria Fan’s prior employment includes Aegis Capital, HSBC Securities, Merrill Lynch and Caldwell International Securities.

If you have questions about an account handled  Maria Fan, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Dion R. Padilla-NEXT Financial Group Stockbroker-Investigation Update

February 2017 UPDATE- Dion Padilla/ AT&T Retirement Account investigation. See this for details.  

JUNE 2016 UPDATE-Padilla named in FINRA complaint for unauthorized purchase of variable annuity. See this link for more information.

San Antonio, Texas

According to FINRA records, Dion R. Padilla  a stock broker who has worked for NEXT Financial Group since 2/2006  discloses that a customer has filed an arbitration seeking damages of $347,000. Padilla also operates Padilla Wealth Management.

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 customer alleges that in April 2007 Padilla failed to include a principal protection for life rider in connection with a recommended variable annuity investment.

Padilla discloses that in 2014 a customer alleged that he executed an unauthorized trade involving a variable annuity. That matter was settled for $69,400.

In September 2015 FINRA initiated an investigation of Padilla for a potential violation of FINRA Rule 2010 for making an unauthorized purchase of a variable annuity and other violations related to misrepresentations and omissions. That matter is currently pending.

If you have questions about an account handled by Dion Padilla, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Joseph I. Yanofsky-former Merrill Lynch Broker-Discloses Termination and $400k Customer Claim

 

APRIL 2018 UPDATESee this link. 

May 2016-Greenwood Village, Colorado

According to FINRA records, Joseph I. Yanofsky a broker who has been  registered  with FIrst Financial Equity Corp, since  6/2015 , discloses a pending customer dispute, a termination and 7 prior customer disputes that are final.

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.

Prior to joining First Financial Equity Corp. , Yanofsky was registered with Merrill Lynch from 2/1990-5/2015. In connection with his discharge  from Merrill Lynch in 5/2015, Merrill made the following allegations:

“allegations relating to exercising discretion in non-discretionary accounts, providing inaccurate responses to related internal compliance questionnaires, directing an employee to enter trades utilizing another employee’s user identification and password and failing to report a customer complaint on a timely basis”

In pending FINRA Case 15-2143, a Merrill Lynch customer alleges unsuitable recommendations and misrepresentations from 2012 to 2015 and seeks damages of $400,000.

If you have losses in an account handled by Joseph I. Yanofsky   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