Category Archives: RBC Capital Markets

Gerry Maisner-RBC Capital Markets Broker-Discloses Customer Dispute-Westport, CN

April 2018- Westport, CT

The FINRA records of  Irwin Gerald (Gerry) Maisner ,  a  stockbroker who is currently employed by RBC Capital Markets and who was previously  employed by  Janney Montgomery Scott , disclose 4 prior final customer disputes .

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 arbitration #16-2978, a customer of Janney Montgomery Scott and RBC Capital Markets alleged damages of $250,000 for an unsuitable recommendations in energy bonds. That case was settled for $22,500 in 12/2017.

Gerry Maisner  was employed by Janney Montgomery Scott from 2002-2014. Maisner has been employed by RBC Capital Markets since 12/2014.

If you have losses in an account in an account handled by Gerry Maisner  , contact us for a no charge consultation to discuss how you may be able to recover damages for those losses.

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

RBC Capital Ordered to Pay $723K For Sale of MLPs to Senior Citizen-Tampa, FL

November 2017-Tampa, FL

A FINRA arbitration panel comprised by an all public panel of three arbitrators, ordered RBC Capital Markets and broker Bruce Cameron of Norwell, Massachusetts,  to pay a former client, an elderly lady, $723,000 for losses suffered in an over concentration of oil and gas master limited partnerships (MLPs), which included:

  • Breitburn Energy Partners
  • Enable Midstream Partners
  • Enterprise Products
  • Ferrellgas Partners
  • Gramercy Property Trust, 
  • JP Energy Energy Partners
  • Mid Con Energy Partners
  • Southcross Energy Partners
  • Summit Midstream Partners
  • Tallgrass Energy Partners
  • CrossAmerica Partners
  • Enlink Midstream Partners

The panel found RBC and Cameron liable on the claims of negligence, negligent supervision and breach of fiduciary duty. FINRA Case #17-0305, Nourie, et al v RBC Capital Markets

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. When a customer seeks to recover damages for losses incurred in a stock brokerage account, cases are typically filed as arbitrations with FINRA dispute resolution. Arbitration is generally must quicker and more efficient than court litigation. Cases are often resolved in 12 months or so.

Brokers have a duty to make suitable recommendations to customers, taking into account their age, health, net worth and risk tolerance.

If you have losses in your account that you believe are the result of the negligence or improper advice of a broker, call to learn about how you may be able to recover damages through FINRA arbitration.

The Law Office of Robert H. Rex, P.C.  , 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

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Paul V Blum-Former RBC Capital Broker- Sued by Clients for Unsuitable Trading-W. Palm Beach, FL

October 2017-West Palm Beach, FL

The FINRA records of  Paul Vincent Blum ,  a  stockbroker who was previously employed by RBC Capital Markets disclose a prior regulatory event, 9 pending customer disputes and 14 prior customer disputes.

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 August 2017, Blum was permanently barred from the securities industry by FINRA for failing to appear for on the record testimony during the course of an investigation in connection with customer complaints alleging unsuitable trading.

In the pending arbitrations customers make various allegations of wrongdoing, mostly related to unsuitable investments in energy related investments,  including the following:

  • Blum recommended unsuitable and over-concentrated investments in the energy sector. Damages alleged, $886,070.
  • Three former customers allege that Blum was involved as an intermediary in making  unsuitable recommendations of energy sector corporate bond investments. Damages are alleged to be $525,000, $6,000,000  and $2,250,000.

Total dollar amount of the settlements already paid on  the prior customer disputes  is over $1.7 million.

If you have losses in an account handled by Paul Blum, call to discuss 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

 

John S. Simpson – Former RBC Capital Markets Broker-Discloses $11M Customer Suit- Hunt Valley, MD

June 2017- Hunt Valley, MD

According to publicly available records John Scott Simpson  (CRD#719367) ,  a  former stockbroker who was last employed by  RBC Capital Markets,   discloses one regulatory event, a currently pending customer dispute, five prior customer disputes and two 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 12/2016 to resolve allegations that Simpson refused to appear for on the record testimony in connection with FINRA’s investigation of the conduct giving rise to his discharge from RBC Capital Markets, Simpson was permanently barred from the securities industry.

In   2016 four customers of  RBC Capital Markets settled customer complaints against Simpson citing allegations of unsuitability, unauthorized trading, not monitoring accounts, over concentration in the oil sector,  and ignoring requests to reduce exposure to the oil and gas sector in portfolio. Those cases were settled for various cash amounts.

In currently pending FINRA case 16-02205 a customer of RBC Capital Markets alleges that his portfolio was concentrated in the energy and metals sectors and was unsuitable for people of that age and risk tolerance.   The alleged damages are $11,000,000.

In 1/2016, Simpson  was discharged from RBC Capital Markets who made the following allegation on his FINRA record: “violation of firm policy regarding use of discretion in clients accounts“.

In 2003 Simpson, employed by UBS PaineWebber,  was discharged after allegations of “unauthorized trading, violation of the firm’s solicitation policy and management’s loss of confidence“.

John Scott Simpson was employed by RBC Capital Markets from 3/2009 to2/2016, with Ferris, Baker, Watts 5/2003 – 3/2009 and PaineWebber 11/1980 until 5/2003.

If you have losses  in an account handled by John Simpson contact us to discuss your legal 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

Gerald Maisner-RBC Capital Markets Broker-Discloses Pending Customer Dispute Over Energy Bonds

April 2017- Westport, CT

The FINRA records of  Irwin Gerald Maisner ,  a  stockbroker who is currently employed by RBC Capital Markets and, until recently,  was  employed by  Janney Montgomery Scott  disclose 2 prior final customer disputes 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 pending FINRA arbitration #16-2978, a customer of Janney Montgomery Scott and RBC Capital Markets alleges damages of $250,000 for an unsuitable recommendations in energy bonds.

Gerald Maisner  was employed by Janney Montgomery Scott from 2002-2014. Maisner has been employed by RBC Capital Markets since 12/2014.

If you have losses in an account in an account handled by Gerald  Maisner  , contact us to discuss how you may be able to recover damages for those losses.

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