Category Archives: Capital Investment Group

Pamela Jo Lizanich (Kramer)-Former VOYA Financial Advisor-Discloses Customer Disputes Over LP’s & Direct Investments-Greenville, S. Carolina

October 2020-Greenville, S. Carolina

According to publicly available records Pamela Jo Lizanich (Pamela Jo Kramer)  ,  a  stockbroker who is currently registered with NY Life Securities,  disclose 4 currently pending customer disputes and one prior customer dispute.

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 pending customer claims involving Mr. Woodard include:

  • FINRA case 20-2111- a customer of VOYA seeks damages of $5 million and alleges that they were sold unsuitable securities, including real estate securities and Unit Investment Trusts.
  • In 11/2019 a customer of her prior employers VOYA Financial and Capital Investment Group filed FINRA case 19-03304 alleting that Lizanich made unsuitable recommendations in alternative investments, including REITs and Oil and Gas partnerships. The customer seeks damages of between $100,000-$500,000.

In 10/2019 a customer of VOYA Financial and Capital Investment Group filed FINRA case 19-02999 alleging that Lizanich caused damages in excess of $100,000 as a result of recommending unsuitable investments in real estate securities. That case was recently settled for $300,000.

Pamela Jo Lizanich (Kramer) has been registered with NY Life Securities since 7/2018. Prior to that she was registered with IFS Securities (3/2017-3/2018) and VOYA Financial Services (6/2013-2/2017).Prior to that she worked for Capital Investment Group.

James T Flynn & Ashley Woodard

Lizanich worked with former VOYA Financial brokers James T. Flynn and Ashley Woodard in the Greenville metropolitan area. Our firm is currently pursuing a number of cases on behalf of former customers of Flynn and Woodward who suffered losses on limited partnerships and other direct investments. See this for more information. 

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

Ashley Woodard-Former VOYA Financial Broker-Subject of Customer Suits Over Illiquid Investments-Greenville, South Carolina

October 2020 – Greenville, South Carolina

According to publicly available records  Ashley Charles Woodard  ,  a  stockbroker previously employed by VOYA Financial,  discloses 4 pending customer disputes, six prior customer dispute and an outstanding judgment 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 pending customer claims involving Mr. Woodard include:

  • FINRA case 20-2111- a customer of VOYA seeks damages of $5 million and alleges that they were sold unsuitable securities, including real estate securities and Unit Investment Trusts.
  • FINRA case 20-2101 in which a customer of VOYA seeks $50,000 and alleges they were placed in speculative private placements.
  • FINRA  case 20-2110 in which a VOYA client seeks $5 million and alleges they were recommended unsuitable and illiquid alternative investments.

Prior cases involving Woodard which have been resolved include:

  • FINRA case 19-3304-filed in 11/2019 by a customer of VOYA Financial and Capital Investment Group alleging unsuitable recommendations in illiquid alternative investments. The customer was paid $300,000 to resolve the case.
  • FINRA case 19-931, the customer was paid $750,000 to resolve allegations that Woodard made unsuitable recommendations.
  • FINRA Case 19-01031-  Customer of VOYA and IFS Securities was paid  $107,500 for losses related to unsuitable recommendation to invest in illiquid real estate security.

Woodard also discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $53,676, for tax years 2014, 2015, and 2016. The lien is recorded in the Recorder Office of Greenville County, South Carolina.

Woodard is currently employed by NY Life Securities. His prior employment history includes: IFS Securities 2/2017-11/2017, Voya Financial Advisors 6/2013-2/2017 and Capital Investment Group 7/2011-6/2013.

Woodard discloses business affiliations with West End Financial Strategies and Eagle Strategies.

If you have losses in an account handled by Ashley C. Woodard, contact us for a no charge consultation to learn how you may be entitled 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

Kelly G. Richards-First Allied Securities Broker-Discloses Prior Termination-Phoenix, AZ

August  2018-

The FINRA records of  Kelly Gene Richards , (CRD 4918409),   a  stockbroker who is currently  employed by  First Allied Securities, disclose a prior 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 8/2010 Richards was discharged from JPM Chase Bank who made the following allegation on his FINRA record: “Terminated by affiliate bank. Non securities related. Overall job performance including violating bank related procedures”. 

Richards has been registered with First Allied Securities since 4/2015. His prior employment includes Raymond JamesCapital Investment Group and Chase Investment Services. Richards discloses a business affiliation with RG Capital of Phoenix, AZ .

If you have questions about an account handled by Kelly G. Richards, call to learn about 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 

 

Robert S. Graham-Former Capital Investment Group Broker-Subject of Customer Arbitration-Scottsdale, AZ

March 2019-Scottsdale, AZ

The FINRA records of  Robert S. Graham ,  a  stockbroker who is currently unregistered and who last was employed by  First Allied Securities, disclose a  regulatory event and a currently pending customer dispute.

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 8/2018 Massachusetts Securities regulators permanently barred Graham from the securities industry to resolve allegations that he engaged in unapproved outside business activities which caused harm to a Massachusetts investor.

In FINRA case #16-01743 a customer of Capital Investment Group alleges damages of $650,000 for breach of fiduciary duty, fraud and misrepresentation in connection with membership units in certain investments promoted by Graham.

Graham was registered with First Allied Securities from 6/2014-1/2015. His prior employment includes Capital Investment Group and Sagepoint Financial. Graham discloses a business affiliation with RG Capital Investment Advisory Services.

If you have questions about an account handled by Robert S. Graham, call to learn about 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

Randy Burke Investigation- Former Stockbroker Calton & Associates-Hickory, N. Carolina

1/25/2016-Hickory, North Carolina

Rex Securities Law is investigating former Calton & Associates broker Randy W. Burke.

According to his FINRA brokercheck report, Burke was  barred from the securities industry October 2015, to resolve FINRA allegations that  between February 2008 and May 2011, while registered with Synergy Investment Group and Capital Investment Group (CIG) , he participated in private securities transactions without first providing notice to his member firm.

In addition, FINRA alleged that between February 2008 and June 2013, Burke, while registered with Synergy, Capital Investment Group  and Calton & Associates, made material misrepresentations and omissions in connection with the sale of private securities in violation of SEC and FINRA rules.

Burke provided false answers in response to annual certifications from his member firms regarding his outside business activities in violation of FINRA rules, the regulator alleged.

A former customer filed a complaint against Burke alleging that he had made misrepresentations to them in recommending an unsuitable real estate investment. That matter was resolved for over $264,000. Currently there is a customer dispute pending alleging a fraudulent investment in an entity called Lodge Alaska, LLC. That customer alleges that Burke utilized the invested funds for personal use.

Burke’s FINRA records reveal that he filed for Chapter 11 bankruptcy in January 2015.

We would like to speak with former customers of this broker who may have information helpful to this investigation. If you had losses in an account handled by Randy Burke, contact us to find out how you may be able to recover damages.

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