Category Archives: Revere Securities

Churning, Excessive use of margin borrowing, Failure to Supervise, International Assets Advisory, Revere Securities, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments, Westpark Capital

Michael Polyakov- Westpark Capital Broker-Discloses Customer Disputes – Boca Raton, FL

March 2018 – Boca Raton, FL

According to publicly available records Michael Polyakov, (CRD# 734810) ,  a  stockbroker who is currently employed by Westpark Capital ,  disclose 3 prior settled 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 Case 13-01037,  a customer of  one of Polyakov’s prior employers, International Assets Advisory,  alleged “wrongful conduct by making unsuitable investments, churning and excessive trading”.   The case was settled for  $72,500.

In NASD Case 3-0376, a customer of former employer Bear, Stearns alleged excessive trading and unsuitable recommendations as well as a failure to adequately explain the risks of trading on margin. That case was settled for $182,500.

Polyakov has been employed with WestPark Capital since January 2016. He was employed by International Assets Advisory from December 2010 to February 2012,  and with Revere Securities Corp. from February 2012 to October 2015 .

If you have questions about an account in an account handled by Michael Polyakov,  contact us for a no charge consultation to discuss your legal options for recovery.

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

Alexander Capital, Churning, Discretionary Trading, Failure to Supervise, J.H. Darbie & Co., Koyote Trading, Legend Securities, Newoak Capital Markets (formerly J Giordano Securities), Odeon Capital Group, Revere Securities, Stockbroker Discharged, Stockbroker Malpractice, Unauthorized Trading

Baris Dincer-Former Revere Securities Broker-Discloses Terminations-New York

June 2017- New York

According to publicly available records Baris Dincer  (CRD#5637472) ,  a  stockbroker who currently is not currently registered and who was previously employed by J.H. Darbie & Co. ,  discloses  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 3/2014, Dincer was permitted to resign from Forefront Capital Markets over issues of trust and confidence.

In 11/2012, Dincer was discharged by Alexander Capital who alleged “possible violations of industry standards regarding certain bond transactions. ” 

Baris Dincer  was employed by J.H. Darbie & Co. from 6/2017-3/2018.  He was briefly employed by Planner Securities 8-2018-12/2018. Prior employment includes Revere Securities, Koyote Trading, Odeon Capital Group, Forefront Capital Markets, Alexander Capital, Legend Securities and J Giordano Securities Group (now Newoak Capital Markets) . 

If you have questions about an account handled by Baris Dincer ,  contact us for a no charge consultation  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

Broker Discloses Criminal Event, Elder Financial Abuse, Failure to Supervise, FInancial Exploitation of the Elderly, Fraud, Maine Office of Securities, Revere Securities, Richfield Orion International, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft

Robert K Lindell-Former Revere Securities Broker-Sentenced to 10 Years for Defrauding Elderly Women & Tax Evasion-Bangor, ME

April 2019-Bangor, Maine

According to publicly available records Robert Kenneth Lindell,  ,  a  previously registered stockbroker and former Maine lawmaker, who was last employed by Richfield Orion International, disclose 5 prior regulatory events, a criminal conviction, 2 prior 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 7/2017 Lindell was permanently barred from the securities industry after he failed to respond to a FINRA request for information.

In the criminal matter, Case17-707, Penobscot County Superior Court, Lindell was charged with knowing or intentional securities violations and theft by unauthorized taking or transfer. According to News Center Maine, Lindell was convicted on 15 counts including theft, securities fraud  for defrauding 2 elderly women out of over $3 million and intentional evasion of and failure to pay Maine income tax and was sentenced to 10 years in prison.

One of the elderly lady victims was from Belfast, ME and the other was a resident of France.

In May 2013, Lindell was discharged by Revere Securities who alleged: “violations of the firms policies on service as a personal trustee, accepting a fee for financial planning which was not approved and discretionary trading of client accounts”.

Lindell worked for Revere Securities from 2010-2013, and then for Richfield Orion International from 2013-3/2017. He is not currently registered with any broker dealer. Lindell discloses a business affiliation with R.K. Lindell & Co., 1220 N. Dutton, Ste 101, Santa Rosa, CA.

If you have losses in an account handled by Robert K. Lindell, contact us 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

Failure to Supervise, Florida Office of Financial Regulation, Maine Office of Securities, REITs, Revere Securities

Revere Securities Sanctioned by Securities Regulators

March 2017-New York

According to publicly available records Revere Securities LLC , (CRD# 14178) ,  a  FINRA registered broker dealer headquartered in New York City, discloses a pending regulatory matter , 9 prior final regulatory events and 3 prior customer arbitrations.

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 pending regulatory matter, Massachusetts securities regulators allege that Revere Securities failed to reasonably supervise one of is agents and that the firm engaged in dishonest and unethical conduct in violation of the Massachusetts securities act in connection with the sale of non-traded real estate investment trusts (REITs). Case #2015-0178. Sanctions sought include restitution, cease and desist, censure and disgorgement.

Prior regulatory issues include:

  • Maine Office of Securities-In 2014 Revere Securities were fined $35,000 and subjected to other sanctions for engaging in unlicensed activities and other violations.
  • Florida Office of Financial Regulation– In 2012 Revere Securities was fined and sanctioned for failing to file annual financial statements.

If you have losses on REITs purchased from Revere Securities or other questions about recovery of damages , 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

Churning, Failure to Supervise, Oppenheimer, Revere Securities, UIT (Unit Investment Trust), Unsuitable Investments

Brett S. Murphy-Former Oppenheimer Broker-Discloses $2M Pending Customer Dispute-Boca Raton, FL

February 2017-Boca Raton, FL

According to publicly available records Brett S. Murphy , (CRD# 2434384) ,  a  stockbroker who is currently registered with Revere Securities, LLC  disclose a 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 FINRA Case 16-2362, a customer of Oppenheimer & Co. alleges damages of $2,000,000 and further alleges that his account was excessively traded in UITs which were unsuitable and that Mr. Murphy was not properly supervised from 7/2011 to the present.

Murphy has been employed by Revere Securities since 3/2015. Prior to that he was employed by Oppenheimer & Co. from 7/2011-3/2015. Prior to that he was employed by Raymond James Financial Services.

If you have questions about an account in an account handled by Brett Murphy, 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