Richard Bernstein-Wells Fargo Broker-Dislcoses 2 Pending & 6 Final Customer Disputes-Incline Village, NV

March 2019 – Incline Village, NV

According to publicly available records  Richard Jay Bernstein  (CRD# 1113777) ,  a   registered stockbroker currently employed by Wells Fargo Clearing Services,  disclose 2 pending and 6 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 a prior customer dispute (case #95-03046) an arbitration panel awarded  a customer of Smith Barney Shearson $91,200 to resolve allegations of unauthorized trading, misrepresentation, suitability and breach of fiduciary duty.

The currently pending matters include:

January of 2019, a Morgan Stanley Smith Barney customer filed FINRA case #19-00013 alleging  unsuitability with respect to investment recommendations and is seeking damages of $175,500.

January of 2017,  a Morgan Stanley  customer filed FINRA case #17-00137 alleging  unauthorized trading that conflicted with the client’s stated investment goals and is seeking damages of $81,738.

Bernstein has been employed by Wells Fargo Clearing Services since November  2016.   He was previously employed with Morgan Stanley from April 2009 to July 2015.   He was with USB Financial Services prior to that time.

If you have losses in an account handled by Richard J. Bernstein, 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

Judith Johnston-Former NY Life Financial Advisor-Subject of Numerous Customer Complaints Over Annuities-Frisco, TX

March 2019- Frisco, Texas

We are currently investigating former NY Life Securities  financial advisor Judith Adele Johnston .

According to publicly available records , Judith Johnston ,  discloses a recent regulatory matter, a pending  customer dispute and 7 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 3/2019, FINRA permanently barred Judith Johnston from the securities industry after she refused to appear for FINRA on the record testimony in connection with an investigation into multiple customer complaints regarding the sale of annuities.

Six of the prior customer complaints have been resolved with cash settlements being paid to the customers. In one of the cases a customer of NY LIfe alleged that Johnston was complicit in helping her husband deceive the customer into believing her husband was associated with her firm and licensed to sell variable annuities. Due to Johnston’s complicity, the customer agreed to her husband’s recommendation that they take out a $1.4 million loan to purchase an annuity, resulting in losses. That case was recently resolved for $445,161.

In the currently pending matter, a customer of NY Life Securities alleges they were misled about fees associated with variable annuities and variable universal life policies purchased from Johnston and her husband, who they were led to believe was employed by NY Life.

Judith Johnston was employed by NY Life from 10/2009-10/2018. She discloses business affiliations with  Tom Sorrels Insurance Agency, Houston J2M LLC, Palo Pinto Agency, M&M Legacy Enterprises, Johnston Legacy LLC, Johnston & Mize LLC, Grande Agency, LLC, Wedgewood Insurance Agency, and Yancey Insurance Agency. 

If you have questions about annuities, variable life policies or other investments purchased from former NY Life Securities  broker Judith Johnston , contact us for a no charge consultation to learn how you may be able to recover damages for losses to your account 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

Jody Bowers-Former SagePoint Financial Broker-Subject of $6M Customer Suit Over ETF Investments-Abilene, TX

March 2019- Abilene, Texas

We are currently investigating former SagePoint Financial financial advisor Jody Bowers on behalf of an elderly widow living in North Texas.

According to publicly available records , Jody Bryant Bowers ,  a  stockbroker who was last employed with Lowell & Company, and who operates JB Capital, LLC in Abilene,TX, disclose a pending  customer dispute 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 1/2018 a customer of Bower’s prior employers Sagepoint Financial and First Heartland Capital filed FINRA Case#17-03223 alleging an overconcentration of unsuitable exchange traded funds (ETFs) and seeking damages of $6,000,000. This matter is currently pending.

Jody Bowers prior employment includes Lowell & Co. 4/2013-6/2018; SagePoint Financial 10/2012-4/2014 and First Heartland Capital 8/2007-9/2012. Bowers was discharged by First Heartland Capital who alleged that Bowers entered into a business transaction with a client with written approval from the Heartland.

If you have questions about an investment account handled by Jody Bowers, contact us for a no charge consultation to learn how you may be able to recover damages for losses to your account 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

James T. Flynn-Former VOYA Financial Broker-Subject of Numerous Customer Suits Involving REITs-Greenville, SC

March 2019-Greer , SC

Our law firm recently filed several FINRA arbitrations against former VOYA Financial Advisors broker James T. Flynn. The claims by his former customers allege that Flynn made unsuitable recommendations and over concentrated the customers’ accounts in real estate investment trusts and other alternative, non liquid investments.

Flynn’s FINRA records  currently disclose  a recent regulatory suspension, 7 pending customer dispute, 18 prior customer disputes, 2 terminations from employment, a chapter 13 bankruptcy filing in 2013 and 3 outstanding judgment/liens.

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 September  2018, Flynn was permanently barred from the industry by FINRA for failing to respond to FINRA’s request for information in connection with a FINRA investigation.

Settlements with Flynn customers include:

In 12/2018 a customer of VOYA Financial was paid $50,000 to resolve allegations that Flynn made unsuitable investment recommendations beginning in 2014.

In 11/2018 a customer of VOYA Financial was paid $90,000 to resolve allegations that Flynn transferred assets from a 401K account into illiquid and unsuitable investments in violation of securities statutes.

In June 2018 a Voya Financial customer was paid $75,000 to resolve allegations that Flynn recommended unsuitable  alternative investments for the clients IRA and joint account.

In February 2018 a customer of Voya Financial Advisors was paid $32,912 to resolve allegations that a real estate investment trust (REIT) purchased in June 2015 was not suitable and that the customer was not aware of the risks involved or that the REIT wasn’t actively traded.

In September 2017 a customer of Voya Financial Advisors sought damages of $115,000, alleging that he questioned the suitability of real estate investment trusts (REITs) purchased in 2014 and 2015 and the replacement of a variable annuity policy. Voya paid the customer $167,673 to resolve the case in 9/2017.

In another recently resolved matter,  a customer of Voya Financial and Brookstone Securities alleged damages in connection with a $575,000 investment in annuities and real estate investment trusts (REITs). The customer alleged that they should not have been allowed to invest all of their retirement funds in unsuitable investments. In 8/2017, Voya paid the customer $196,788 to resolve the matter.

In February 2017  Flynn was discharged from Voya Financial Advisors who made the following allegation in connection therewith: “The representative provided misleading information to the Firm during a complaint investigation” related to a variable annuity.

Most recently, in 2/2018, Flynn was discharged from IFS Securities. The firm made the following allegation in connection with Flynn’s discharge: “Client alleges trading ahead of authorization.”.

Flynn discloses outstanding Federal Tax Liens of $256,165 and $18,837 and a Chapter 11 bankruptcy filing in 2013.

Jim Flynn, who is not currently registered, was employed by  IFS Securities from 2/2017-2/2018. . He was registered with Voya Financial Advisors 5/2013-2/2017, Capital Investment Group in Greer, SC, 7/2011-6/2013 and Brookstone Securities 9/2006-7/2011. Flynn discloses a business affiliation with Flynn Insurance Group and Flynn Wealth Management in Greenville, South Carolina.

If you have losses or questions about an account  handled by James  (Jim) T. Flynn , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration. If you have information you believe would be helpful to our ongoing investigation of Jim Flynn, we would appreciate hearing from you.

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

Sebastian Wyczawski-Joseph Stone Capital Broker-Discloses $250,000 Customer Suit-Center Moriches, NY

March 2019- Center Moriches, NY

According to publicly available records , Sebastian Wyczawski (CRD #2835135),  a  stockbroker employed with Joseph Stone Capital, disclose one pending and one prior 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 June of 2018, a customer of Joseph Stone Capital filed FINRA case #18-02049  alleging common law fraud; breach of fiduciary duty; negligence; breach of contract; unsuitability; and over concentration.   The customer is seeking damages are $250,000 and the case is currently pending.

Sebastian Wyczawski  has worked with Joseph Stone Capital since July 2015.    He was with Cape Securities from August 2010 until June 2015.

If you have questions about an investment account handled by Sebastian Wyczawski, contact us for a no charge consultation to learn about 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

Nationwide representation of victims of stockbroker fraud and the malpractice of investment professionals.

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