Category Archives: Securities

Dominick J. Diorio, Jr.-Aegis Capital Broker-Discloses Settlement of Customer Suit-Melville, NY

June 2018-Melville, New York

The FINRA records of Aegis Capital Corp. broker Dominick J. Diorio, Jr. disclose a pending customer dispute and two 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 FINRA Case 17-2321 a customer of Aegis Capital residing in Florida alleged that from 12/2012-7/2017 Diorio engaged in unsuitable investment strategy involving real estate securities and alternative investments. The case was settled in 5/2018 for $837,500.

In currently pending FINRA Case 18-408 a customer of Aegis Capital alleges that Diorio made unsuitable investment recommendations and traded the account without authority. The customer is seeking damages of $769,690.

Dominick has been employed by Aegis Capital since 7/2011.

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

Peter Klaass and Heath Bowen-Former Allegis Investment Advisors-Sued Over Option Trading-Idaho Falls, ID

June 2018-Idaho Falls, ID 

The FINRA records of two former Allegis Investment Advisors stockbrokers , Peter Gerhard Klaass and Heath Shayne Bowen   disclose that the Colorado Division of Securities alleged that both Klaass and Bowen placed their advisory clients in high risk and complex options trades that their clients did not understand.

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 2/2018, the Colorado Division of Securities issued a cease and desist and revoked Klaass‘ investment adviser representative license in Colorado. Bowen was sanctioned with a cease and desist.

Klaass has settled three customer suits over option investments and discloses a pending FINRA arbitration by a customer of Allegis seeking over $450,000 in damages related to option investments. Klaass was employed by Allegis Investment Services from 5/2014-3/2017 and thereafter with Cetera Advisor Network. He voluntarily resigned from Cetera in 4/2018 following the cease and desist order issued by Colorado securities regulators.

In 12/2017 Bowen was ordered to pay a customer $575,000 in FINRA Case 17-3131. There are currently three pending arbitrations by customers which relate to option investment and seek cumulative damages of over $600,000.

If you have questions about an account handled by Peter Klaass and/or Heath S. Bowen, contact us for a no charge consultation. 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

Regan A. Rohl-Wells Fargo Broker-Subject of Numerous Customer Suits-Fargo, N. Dakota

June 2018- Fargo, N. Dakota

The FINRA records of Regan A. Rohl  , a stock broker who is employed by Wells Fargo Advisors Financial Network , disclose  7 pending customer disputes and 5 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.

The  FINRA arbitrations that are currently pending include:

  • FINRA Case 18-562 in which a customer of Wells Fargo alleges that Rohl made unsuitable investments in direct investments and limited partnerships. The customer is seeking damages of $1.2 million.
  • FINRA Case 17-1013 in which a customer of Wells Fargo and his former employer Morgan Stanley alleges that Rohl misrepresented the risks associated with concentrated investments in energy stocks. The customer is seeking damages of $85,000.
  • FINRA Case 17-1914 in which a customer of Wells Fargo alleges that Rohl made unsuitable recommendations to invest in limited partnerships and direct investments and is seeking damages of $150,000.
  • FINRA Case 17-1577-a Wells Fargo customer alleges that between 4/2011 and 12/2016 Rohl made unsuitable recommendations to buy and concentrate their portfolio of four accounts into oil and gas sector master limited partnerships and closed end funds. They also allege that Rohl recommended they utilize a line of credit secured by their Wells Fargo account to refinance existing loands and that they paid exorbitant interest as a result. Damages of $1.5 million are being sought.
  • FINRA Case 17-782 in which a Wells Fargo client alleges that Rohl purchased unsuitable master limited partnership in their accounts between 2011-2015 and that they were moved into a discretionary trading account without authority. Damages of $250,000 are sought.

Regan Rohl   has been employed by Wells Fargo since 3/2011 and has a business affiliation with Rohl Arabians, a company that raises Arabian horses.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Regan Rohl, call for a no charge consultation 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

Jack W. Griffith Jr-Janney Montgomery Broker-Subject of $4.2M Customer Suit Over Energy Investments-Columbia, S. Carolina

June 2018- Columbia, South Carolina

The FINRA records of Jack Wendell Griffith, Jr.  , a stock broker who is employed by Janney Montgomery Scott , disclose  3 pending customer disputes, 2 prior customer disputes,  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.

Three FINRA arbitrations are currently pending:

  • Case 17-2080-A customer of Janney Montgomery Scott (Janney) seeks damages of $4.2 million and alleges that Griffith recommended unsuitable securities and caused the client’s accounts to be over concentrated in energy investments.
  • Case 18-081-A customer of Janney seeks damages of $200,000 and alleges the Griffith made questionable recommendations and exposed the the client to overconcentration.
  • Case 18-0083- Another customer of Janney seeks damages of $150,000 alleging that Griffith made unsuitable investments in their accounts.

Griffith  has been employed by Janney Montgomery Scott since 1/2014. His securities industry employment prior to that includes Ameriprise Financial and A.G. Edwards.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Jack W. Griffith, Jr. , call for a no charge consultation 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

Adam Goodman-Former H.J. Sims Broker-Has Several Customer Complaints-Boca Raton, FL

May 2018- Boca Raton, FL

The FINRA records of  Adam C. Goodman ,  a  registered stock broker who recently left Herbert J. Sims to join Stoever, Glass & Co.  disclose  a pending customer dispute and two 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 12/2017 a customer of Herbert J. Sims was paid #21,000 to resolve allegations that Goodman recommended unsuitable corporate debt investments that resulted in losses.

In 3/2018 a customer of Herbert J. Sims was paid $50,000 to resolve allegations that Goodman made misrepresentations in connetion with an investment in junk bonds and that he traded the account without authorization.

In currently pending FINRA Case 18-01064, a customer of Herbert J. Sims alleges high pressure sales tactics, unsuitable investments, fraud and negligence and is seeking damages of $25,000.

Goodman was employed by Herbert J. Sims   from 8/2010-1/2018  when he left and joined Stoever Glass & Co. 

If you have losses in an account handled by Adam Goodman, call for a no charge consultation to learn about your options for recovery of 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