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

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 Disputes

July 2016-Cuyahoga County, Ohio

The FINRA records of William Richard Pintaric , (CRD 363876) a stock broker who is currently employed by SA Stone Wealth Management (formerly Sterne Agee Financial Services), 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

Chazon Stein-Former Primex Stock Broker-Discloses Permanent Bar from Securities Industry-Boca Raton, FL

July 2016-Boca Raton, Florida

The FINRA records of Chazon Stein (also known as Chaz Stein, Chazoni Stein & Zoni Stein) , a  currently unlicensed stockbroker who last worked for  Primex disclose a prior regulatory event and 2 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 July 2015 the Florida Office of Financial Regulation found that Chazon Stein offered and sold unregistered securities, engaged in securities  business in Florida without being registered and obtained money by means of fraud and permanently barred Stein from affiliating or seeking future registration as a dealer, investment adviser, or associated person under the Florida Securities and Investor Protection Act, Chapter 517, F.S. In addition Stein was assessed a $40,000 administrative fine.

Chazon Stein was employed by Primex  from 10/2013-1/2014. Prior to that he was employed by Sterne Agee Financial Services and Emmett A. Larkin Company.  

In July 2015, the  FBI announced today the indictment of eight individuals, including Chazon Stein, 36, of Miami Beach, for participating in securities fraud involving Thought Development Inc., a Miami Beach based company claiming invention of a green line on the football field visible, and Virgin Gaming, a fee based service facilitating on line gaming and fantasy sports leagues.

Investors who have questions about how their brokerage account has been handled by Chazon Stein should 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