Category Archives: Private Placements

John T. Howard-Raymond James Broker-Discloses $1.13 Million Award & Pending Customer Dispute-Birmingham, AL

February 2020- Birmingham, AL

The FINRA records of John Troy Howard (CRD#2264121)  , a broker with Raymond James & Associates, Inc. discloses a prior arbitration award and 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 March 2008 a customer of  Morgan, Keegan & Company, Howard’s previous employer, filed FINRA case #08-00667 alleging breach of contract, breach of fiduciary duty, breach of common law duties of care, good faith and best execution, breach of common law duty of not to engage in unauthorized transactions and negligence.  Damages awarded were $1,134,601.

In 9/2019 a  Raymond James & Associates, Inc. customer  filed FINRA case #19-02833 , alleging breach of fiduciary duty, negligence, breach of contract, violations of the Alabama Securities, and violations of the Securities and Exchange Act by Howard.   The customer seeks damages of $160,000.

Howard  has worked for Raymond James & Associates, Inc.  since 2/2013.    Before that he was with Morgan, Keegan & Company and  AmSouth Investment Services.    

If you have questions about an account handled by John Troy Howard  call for a no charge consultation with an experienced securities attorney .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert Rotunno-Laidlaw/Tigress Financial Broker-Discloses $1 Million in Customer Suit Settlements-New York

MARCH 2020 – New York

According to publicly available records, former Laidlaw & Company financial advisor Robert N. Rotunno discloses 2 pending and 10 prior customer disputes most of which allege the sale of unsuitable private placement investments.

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 pending customer suits involving Rotunno include:

  • FINRA Case 19-614 in which a customer of National Securities Corp. seeks damages of $150,000 for unsuitable investments.
  • FINRA Case 18-3992 in which a customer of Laidlaw & Co. seeks damages of $558,624 for unsuitable investments and excessive  trading in private placements.
  • FINRA Case 18-2628 in which a customer of Laidlaw & Co. seeks damages of $228,128 for unsuitable recommendations and excessive trading  in private placements and equities.

In the prior  customer disputes over $1 million was paid to Rotunno’s customers to resolve allegations of unauthorized trading, unauthorized use of margin, unsuitable recommendations and account churning.

Robert Rotunno  was with Laidlaw & Company from 8/2004-2/2016 and with Tigress Financial Partners from 1/2019-12/2019. He is currently registered with Worden Capital Management. 

If you have losses on private placement investments or other unsuitable investments in an account handled by Robert Rotunno, 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

Kevin R. Wilson-Former Laidlaw & Co. Financial Advisor-Subject of Millions in Claims for Private Placement Losses-New York

May 2019 – New York

According to publicly available records, former Laidlaw & Company financial advisor Kevin R. Wilson discloses 6 pending customer disputes all of which allege the sale of unsuitable private placement investments.

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 pending customer suits involving Wilson include:

  • FINRA Case 19-1035 in which a customer of Laidlaw & Co. seeks damages of $300,000 for unsuitable investments in private placements.
  • FINRA Case 19-0842 in which a customer of Laidlaw & Co. seeks damages of $440,000 for unsuitable investments in private placements.
  • FINRA Case 18-3970 in which a customer of Laidlaw & Co. seeks damages of $500,000 for unsuitable recommendations to invest in private placements and equities.
  • FINRA Case 18-3062 in which Laidlaw & Co. customer seeks damages of $2 million for unsuitable private placement investments.

Kevin Wilson  was with Laidlaw & Company from 10/2010-9/2017. He is currently registered with National Securities Corporation.

If you have losses on private placement investments or other unsuitable investments, call to learn how you may be able to recover damages from Wilson’s employer 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 Maccoll Charged With Stealing Nearly $4 Million from UBS Customers-Birmingham, MI

August 2018-Birmingham, Michigan

The FINRA records of  John C. Maccoll,  a  stock broker who was last employed by UBS Financial Services ,  disclose that he was recently discharged by UBS after failing to cooperate with a FINRA investigation alleging that he misappropriated money from a client.

According to a complaint filed in Federal court by the Securities & Exchange Commission (SEC) , Maccoll defrauded at least 15 of his brokerage clients out of $4 million. Maccoll used high pressure tactics to convince his customers to invest, by telling them there was only a short window of opportunity.

According to the SEC complaint about $400,000 was used by Maccoll to make Ponzi-like payments to some of the customers to keep the scheme alive. The balance was used for Maccoll’s personal benefit.

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.

Maccoll’s FINRA record discloses 11 prior customer disputes that were resolved by cash payments. Some of these prior cases were for unsuitable investments, including annuities and private placements.

There are two pending customer arbitrations by UBS customers seeking damages in excess of $1 million related to annuities and private placements.

Maccoll was employed by UBS Financial from 1/2006-3/2018.

If you have losses in an account handled by John C. Maccoll call for a no charge consultation to discuss 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

Mark Trewitt-Former VFG Securities Broker-Subject of Numerous Customer Suits-Plano, TX

May 2018-Plano, TX

According to publicly available records Mark A. Trewitt , (CRD# 1364490) ,  a   stockbroker who formerly worked for VFG Securities discloses 3 pending and 10 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.

The three pending cases seek total damages of over $1 million in damages and relate to investments in oil and gas private placements.

The prior cases include:

FINRA Case 17-2010-a customer of VFG Securities sought damages of $150,000 for negligence and breach of fiduciary duty in connection with the recommendation to purchase private non publicly traded real estate investment trusts (REITs). That case settled for $77,952.

In March 2017 a customer of VFG Securities filed FINRA Case 17-0669 seeking damages of $300,000 alleging an over concentration of alternative investments, including limited partnerships, direct investments in equipment leasing, promissory notes and real estate investments. That case settled for $139,645.

In February 2017 a customer of Madison Avenue Securities and VFG Securities filed FINRA arbitration 17-0217 claiming damages of $400,000 and alleging that between 2007-2011 Trewitt sold the customer real estate investment trusts (REITs) and private placements that were misrepresented. The case settled for $48,413.

Trewitt worked for  VFG Securities from 11/2010-11/2017 and  Niagara International Securities from  4/2017-6/2017. Prior to that he was employed by Madison Avenue Securities in Plano, TX, from 9/2006- 11/2010.

Mark A. Trewitt discloses numerous other business activities with other entities, including:

  • Insurance Funding Solutions
  • Integrated Financial Solutions
  • First Financial Resources
  • Stop the Wealth Leakage, LLC
  • Exceptional Risk Advisors
  • First Life Funding & Succession Capital Alliance
  • SDC Energy (Sandview Development Corp.)
  • Kosmos Management, LLC 

If you have questions about an account handled by Mark A. Trewitt, contact us to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures.  These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

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