Category Archives: Selling Away

American Portfolio Financial Services, Finra Investigation of Stockbroker, Kestra Investment Services (formerly NFP), Outside Business Activities, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct

Jeffrey Alan Blutstein-Former Kestra Broker-Permanently Barred From FINRA-Holbrook, NY

December  2020- Holbrook, NY

According to publicly available records  Jeffrey Alan Blutstein (CRD#1398688), a  former stockbroker who last worked for American Portfolios Financial Services,  discloses a regulatory event 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 July of 2019,  Blutstein was permanently barred after FINRA case #2018057785901 alleged that he refused to provide documents and information requested by FINRA in connection with an investigation into whether he potentially violated FINRA rules by engaging in undisclosed outside business activities wile associated with a member firm.

In March 2018,  Blutstein was discharged by his employer, Kestra Investment Services after allegations of failure to follow firm policy.

Blutstein worked with American Portfolios Financial Services from April 2018 until July 2019.   Before that he was with Kestra Investment Services, 1717  and Capital Management Company.

If you had an account with Jeffrey Blutstein 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

Allstate Financial Services, Outside Business Activities, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct

Charles Burchard-Former Allstate Financial Broker-Barred from Securities Industry-Spring, TX

December 2020-Spring, TX

According to publicly available records, former Allstate Financial Services, Inc.  financial advisor Charles Don Burchard has been barred from the securities industry.

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 of 2020, in case # 201906282501, FINRA alleged that Burchard refused to produce information and documents requested by FINRA during the course of its investigation into his termination from his member firm.   The findings stated that the firm filed a Form U5 reporting that Burchard was terminated because it’s parent insurance company terminated him in light of allegations that he had engaged in undisclosed outside business activity and had disclosed confidential customer information to an unaffiliated third party.    Burchard was permanently barred from FINRA in all capacities.

Burchard was employed with Allstate Financial Services, Inc. from August of 2011 until May of 2019 when he was discharged after termination by parent property and casualty insurance company following allegations that he was engaging in undisclosed outside business activity and disclosure of confidential customer information to unaffiliated third party in violation of firm policies.

If you have losses in an account handled by Charles Burchard, 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

Failure to Supervise, Forgery, Misrepresentation, Outside Business Activities, Parkland Securities (Sammons), Ponzi Schemes, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft, Unsuitable Investments

Keith Ashley-Parkland Securities Broker/ Allen Brewery Owner-Charged with Murder of Client-Carrollton, TX

November 2020- Dallas, TX 

ASHLEY ACCUSED OF MURDERING CLIENT AND STAGING COVERUP TO LOOK LIKE SUICIDE

According to  Fox4 KDFW news, Nine Band Brewing owner and former Parkland Securities financial advisor Keith Ashley has been charged with staging the murder of a client to look like suicide in order to gain control of the client’s finances.

The murder of 62 year old Jim Seegan happened in Carrollton in February. His wife discovered him upon returning home with a gunshot to his head and a typed suicide note.

According to the arrest affidavit, things did not look right from the outset.  The gun was in Seegan’s left hand, however he is right handed and was not a gun owner.  During the investigation over the past 9 months, detectives found evidence that Ashley had drugged Seegan and then murdered him in order to gain control over his money.

Investigators report that Ashley was captured by a doorbell camera entering and leaving Seegan’s house on the day of his death. In addition the camera recorded a unknown loud noise while Ashley was in the house. Forensics have determined the noise was gunfire.

In addition to owning the brewery in Allen, Ashley owns North Texas Money Management. He is also a registered nurse with access to and training on how to use the drug located in Seegan’s system.

According to investigators Seegan had several million in life insurance coverage and 3 weeks before the murder the beneficiary was changed from Seegan’s wife to Ashley.

Investigators believe Ashley was operating a Ponzi Scheme and that there are more victims.

According to his FINRA record  Keith Todd Ashley has been a stockbroker employed with Parkland Securities in Allen, TX, since 2002. He was discharged by Parkland Securities  in 10/2020 when they discovered he was engaged in undisclosed and unapproved outside business activities.

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.

If you had an account with Keith Ashley that suffered losses, or if you are a victim of his Ponzi Scheme,  you may be entitled to collect damages from his prior employer. Call for a no charge consultation with an experienced securities attorney.

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, PFS Investments, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Irene Engard- Former PFS Investments Broker-Barred From FINRA- Federal Way, WA

November 2020- Federal Way, WA

According to publicly available records, former PFS Investments, Inc,  financial advisor Irene Engard,  has been barred from the securities industry.

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 of 2020  in FINRA case 2019064765701 Engard was  permanently barred from the securities industry to resolve allegations that she refused to provide documents and information requested by FINRA in connection with its investigation of an outside business activity.  Engard was permanently barred from FINRA in all capacities.

 Engard was employed by PFS Investments, Inc. from October of 1992 until November 2019 when she was discharged after allegations that she refused to produce documents and information requested by FINRA in connection with its investigation of her outside business activity.

If you have losses in an account handled by Irene Engard, 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

LPL Financial, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct

Michael Mountjoy-Former LPL Financial Broker- Discloses Regulatory Event and Termination-Louisville, KY

November 2020- Louisville, KY

According to publicly available records Michael Mountjoy (CRD#4421573), an unregistered broker who last worked for LPL Financial,  discloses a regulatory event 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 May 2020, FINRA  case #2018060881501 alleged the Mountjoy participated in private securities transactions without providing prior written notice to his member firm.   The findings stated that he solicited investors consisting of friends and business associates to invest in a minor league professional soccer team based in Louisville, KY.    He solicited a total of $378,000 in investments from four individuals.    Sanctions imposed were a six month suspension and a $10,000 fine.

In November 2018,  Mountjoy was discharged from employment from LPL Financial after allegations that he violated the Firm’s outside business activity and private securities transaction policy.

Mountjoy worked for LPL FInanical from 7/2010-12/2018 when he was discharged for engaging in outside business transactions not authorized by his firm. He also discloses a business affiliation with  MWM Advisory Services and Meritrust Wealth Management .

If you had an account with Michael Mountjoy 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