Category Archives: Finra Investigation of Stockbroker

Cambridge Investment Research, Failure to Supervise, Finra Investigation of Stockbroker, Fraud, Misrepresentation, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft

Lynn Cawthorne-Cambridge Investment Research Broker- Charged With Wire Fraud-Shreveport, LA

October 2020- Shreveport, LA

Shreveport Times photo of Lynn Cawthorne

According to publicly available records, Lynn Dale Cawthorne, a former broker who last worked for Cambridge Investment Research  has been charged in the U.S. District Court for the Western District of Louisiana with conspiracy to commit wire fraud, a felony. Link to US Atty Office press release. 

FINRA suspended Cawthorne’s license to sell securities in 1/2020. In 8/2020 FINRA filed a complaint alleging that Cawthorne failed to comply with requests for information in connection with an investigation into his failure to disclose multiple felony charges.  In addition to the wire fraud charges it is alleged that Cawthorne misappropriated $536,000 from a government program that provided meals to children in low income areas.

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 9/2018 Cawthorne was discharged by Cambridge Investment Research where he had been employed since 4/2013. Cawthorne discloses affiliations with Advocare, Goodwill Industries, Christian Services and Cawthorne Financial Group, all located in Shreveport.

If you have losses in an account handled by Lynn Cawthorne, 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

Finra Investigation of Stockbroker, Stockbroker Malpractice, StockBroker Misconduct, Thrivent Investment Management, Unsuitable Investments

Thomas Studer- Thrivent Investment Managment Broker-Permanently Barred from FINRA- The Villages, TX

June 2020- The Villages, TX

According to publicly available records, former Thrivent Investment Management, Inc.,  financial advisor Thomas Struder,  has been barred from the securities industry by FINRA.

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 May 2019  in FINRA case 2018060478101 Studer was  permanently barred from the securities industry to resolve allegations that he failed to follow procedures regarding power of attorney documentation that resulted in the firm facilitating a transaction by an individual who was not an authorized representative on the account.

Studer  was employed by Thrivent Financial and Thrivent Investment Management, Inc.  from June of 2014 until 11/2018.

If you have losses in an account handled by Thomas Studer, 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

Finra Investigation of Stockbroker, Misrepresentation, Raymond James, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Unauthorized Trading, Unsuitable Investments

Stefan Pastor-Former Raymond James Broker-Barred From Securities Industry-Ft. Lauderdale, FL

October 2020- Hollywood, FL

According to publicly available records.  Stefan Anton Pastor, (CRD#5141819), a  former stockbroker who last worked for Raymond James Financial Services, Inc.,  discloses a regulatory event, 2 final customer disputes and 2 terminations 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 September 2019 Pastor was permanently barred from the securities industry after an investigation regarding unauthorized trades he executed in the account of one of his member firm’s customers and false trade confirmations that he provided to the customer.    Pastor consented to the sanction and to the entry of findings that he provided false information to FINRA.

In March 2018 a customer of Raymond James Financial Services, Inc.  alleged forgery in connection with unauthorized trades in her account.    The case settled for $60,000.

Pastor was duly registered with Provenance Wealth Advisors and with Raymond James Financial Services, Inc from August of 2013 until he was terminated from employment in April of 2018 by both companies after a client alleged unauthorized purchases in her account and that Pastor provided sale confirms that were determined to not be authentic.

Pastor was  he has been employed with Cathy Pareto and Associates  from June 2018 until November 2018 and with BlueKey Personal Wealth Planning from November 2018 until he was barred from FINRA in September 2019.

If you had an account with Stefan Pastor that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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

Failure to Supervise, Finra Investigation of Stockbroker, J. Alden Associates, Stockbroker Malpractice, StockBroker Misconduct

Thomas W. Molteni-Former J.Alden Assoc. Broker-Discloses Regulatory Event and Tax Liens-Jenkintown, PA

October 2020- Jenkintown, PA

According to publicly available records of Thomas W. Molteni  (CRD#1022911) ,  a  former stockbroker who last worked for J. Alden Associates, Inc.,  discloses  a regulatory event and  tax 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 December of 2019, FINRA  suspended  Molteni  from the securities industry for three months and fined him $5,000 for willfully failing to disclose two federal tax liens totaling approximately $250,300.

Molteni  was employed by J. Alden  Associates, Inc., from June 2008 until January of 2020.    Before that he had been with First Heartland Capital, Inc.  

If you had an account with Thomas Molteni  that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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

Failure to Supervise, Finra Investigation of Stockbroker, Fraud, Mutual of Omaha Investor Services, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft, Thrivent Investment Management

Edward Earl Matthes-Former Mutual of Omaha Investment Services, Inc. Broker-Barred from Securities Industry for Alleged Theft-Oconomowoc, WI

October 2020- Oconomowoc, WI

According to publicly available records, former Mutual of Omaha Investor Services, Inc.,   financial advisor Edward Earl Matthes ,  discloses 5 regulatory events, a civil event, 15 prior customer disputes, a pending FBI investigation regarding alleged misappropriations,  and 2 terminations 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 2020,  the United States Securities and Exchange Commission  permanently barred Matthes from the securities industry to resolve allegations that he defrauded 26 customers out of approximately $2.4 million by convincing his customers to invest in what he described as a safe investment that would earn a guaranteed minimum yield of 4% per year.   As alleged in the complaint, the purported investment did not exist and the representative stole approximately $1.4 million for his personal use.   Matthes allegedly stole an additional $1 million by making unauthorized  sales and withdrawals from his customers’ variable annuities.   To cover up his fraud, the representative allegedly created fake account statements and paid approximately $170,000 in Ponzi-like payments to customers.

In May of 2019, Wisconsin filed case #S-239626 with allegations that Matthes misappropriated over $1 million from his insurance clients, created fictitious investments and fictitious account summary forms.   His sanctions were to Cease and Desist and being Barred from the State of Wisconsin Department of Financial Institutions Division of Securities.

In March of 2019 the Federal Bureau of Investigation launched an investigation alleging misappropriation of funds by Matthes. 

From December of 2015  until April of 2019,  at least 12  customer brought cases alleging that Matthes misappropriated funds by diverting client’s assets for his personal use, provided fictitious account statements,  provided client documentation including copies of checks written directly to Matthes that were deposited directly into his personal account and unsuitability.   These cases were collectively settled for about $1.7 million.

Matthes was employed with Mutual of Omaha Investor Services, Inc., from March of 2012 until  March of 2019 when he was discharged after allegations of creating fictitious account statements and diverting customer funds for his own personal use.  Before that time he was employed with Thrivent Investment Management, Inc.

If you have losses in an account handled by Edward Earl Matthes, 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