Category Archives: Sterne Agee Financial Services (now SA Stone Wealth Management)

Richard Wesselt-Former O.N. Equity Sales/Sterne Agee Broker-Discloses Numerous Customer Disputes-Collegeville, PA

April 2019 – Collegeville, PA

According to publicly available records  Richard Wesselt  (CRD# 2195569) ,  a   registered stockbroker currently employed by Fortune Financial Services, Inc. disclose 5 pending customer disputes , 9 prior customer disputes 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 3/2019 a customer of Sterne Agee Financial Services filed FINRA Case 19-0728 alleging that Wesselt made unsuitable investments causing damages of $350,000.

In 2/2019 a customer of Sterne Agee Financial Services filed FINRA Case 19-0475 alleging that Wesselt made unsuitable investment recommendations and implemented an usuitable strategy causing damages of $220,000.

In December 2018, a customer of  O.N. Equity Sales Company, where Wesselt was previously employed,  alleged Mr Wesselt engaged in unsuitable sales practices relating to sale of insurance and annuities.    The alleged damages are $750,000 and the case is still pending.

In September 2018,  a Sterne Agee Financial Services customer, where Wesselt was previously employed,  filed FINRA case #18-03363 alleging unsuitable investment recommendations, deceptive and unfair trade practices in annuity variable insurance products.    The alleged damages are $300,000.

In June 2018, another Sterne Agee Financial Services customer filed FINRA case #18-02233 alleging unsuitable investment recommendations and misrepresentations and/or omissions of material information siting damages of $150,000.   This case is also pending.

Wesselt was employed by Sterne Agee Financial Services, Inc. from May 2002 until March 2014.   He was then employed with O.N. Equity Sales Company until September 2017.   He has been employed with Fortune Financial Services, Inc. since 9/2017.

Wesselt discloses a business affiliation with Wesselt Capital Group.

If you have losses in an account handled by Richard Wesselt, 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

Oppenheimer Ordered to Pay Customer $800,000 For Unauthorized and Unsuitable Trading

June 2018-Chicago, Illinois

A FINRA (Financial Industry Regulatory Authority)  arbitration panel ordered brokerage firm Oppenheimer & Co. to pay a customer $800,000 in compensatory damages.

The customer alleged that Oppenheimer brokers James Forsythe and Carter Worth executed unauthorized trades in his accounts and made unsuitable investments in IShares Russell 2000 Index puts and calls, Proshares Trust PSHS Short S&P 500 ETFs and the Global Chartist Fund, LLC. FINRA Case 16-3687, Dekas v. Oppenheimer & Co. 

According to his FINRA records, James Forsythe has been registered with Oppenheimer since 1/2003 and he has 5 other customer disputes.

The FINRA records of Carter Worth disclose that he was employed by Oppenheimer from 10/2004-2/2014, then with Sterne, Agee & Leach 2/2014-2/2015. He is currently employed by Cornerstone Macro in New York.

If you have losses in an account handled by Carter Worth, James Forsythe or other Oppenheimer broker, 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

Joseph C. Alexander-Sterne Agee Financial Broker-Discloses Customer Dispute

July 2016-Pell City, Alabama

The FINRA records of Joseph C. Alexander ,  a stock broker who is currently employed by Sterne Agee Financial Services, disclose  a currently pending customer dispute and a prior finalized 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 the currently pending matter, Case 01-CV-2016-900630.00 pending in the Circuit Court of Jefferson County, Alabama, a customer alleges that Alexander put them into risky and unsuitable investments and is seeking damages in excess of $5,000.

In an earlier matter customers alleged damages of $100,000 in connection with the purchase of mutual funds which the customers thought were back by the U.S. Government. That case settled in 10/2005 for $100,000 and a return of the funds.

Joseph C. Alexander has been employed by Sterne Agee Financial Services since 4/2002.

If you have questions about an account handled by Joseph C. Alexander call to learn how you may be entitled to collect 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

Thomas J. Dailey-Sterne Agee Financial Broker-Discloses $500K Customer Dispute

July 2016-Youngstown, Ohio

The FINRA records of Thomas J. Dailey ,  a stock broker who is currently employed by Sterne Agee Financial Services, disclose  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 the currently pending FINRA Case# 15-03065, a customer of WRP Investments alleges damages of $500,000 for misrepresentations made in connection with an investment in  Florida Capital Real Estate Partnerships.

Dailey has been employed by Sterne Agee Financial Services since 9/2014. He was previously employed by WRP Investments in Youngstown, OH, from 12/2003-9/2014.

If you have questions about an account handled by Thomas J. Dailey call to learn how you may be entitled to collect 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

William R. Pintaric-Former WRP Investments Broker-Discloses Customer Dispute-Youngstown, OH

March 2019-Cuyahoga County, Ohio

The FINRA records of William Richard Pintaric , (CRD 363876) a stock broker who is currently not registered and who previously worked for WRP Investments disclose  2 prior regulatory events, a currently pending customer dispute and a prior final 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 the currently pending matter, a customer of WRP Investments alleges damages of $153,000 for failing to supervise the activities of John Corsi, a broker with WRP Investments in relation to the sale of promissory notes.  Case CV 16 873171, Court of Common Pleas, Cuyahoga County, Ohio.

Pintaric has been employed by SA Stone Wealth Management since 9/2014. He was employed by WRP Investments in Youngstown, OH, from 3/1977-9/2014.

If you have questions about an account handled by William Richard Pintaric call to learn how you may be entitled to collect 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