Tag Archives: finra arbitration attorney

Aegis Capital Corp, Failure to Supervise, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Johnny Guan-Aegis Capital Broker-Discloses Customer Disputes-Red Bank, NJ

November 2020- Red Bank, NJ

According to publicly available records Johnny Guan  (CRD#5711977), a stockbroker employed with Aegis Capital discloses two settled 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 2016 and 2019, customers of Aegis Capital and Guan’s previous employer, National Securities Corp., alleged among other things, unsuitability, over concentration, unauthorized, transactions, breach of fiduciary duty, material misrepresentations, negligence, failure to supervise and violation of FINRA rules.   The cases were settled for $13,199.

Guan has been employed with Aegis Capital Corp.  since November of 2012.    Before that he was employed by National Securities Corporation and Obsidian Financial Group.

If you had an account with Johnny Guan that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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

Failure to Supervise, Finra Investigation of Stockbroker, PFS Investments, Selling Away, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Irene Engard- Former PFS Investments Broker-Barred From FINRA- Federal Way, WA

November 2020- Federal Way, WA

According to publicly available records, former PFS Investments, Inc,  financial advisor Irene Engard,  has been barred from the securities industry.

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 May of 2020  in FINRA case 2019064765701 Engard was  permanently barred from the securities industry to resolve allegations that she refused to provide documents and information requested by FINRA in connection with its investigation of an outside business activity.  Engard was permanently barred from FINRA in all capacities.

 Engard was employed by PFS Investments, Inc. from October of 1992 until November 2019 when she was discharged after allegations that she refused to produce documents and information requested by FINRA in connection with its investigation of her outside business activity.

If you have losses in an account handled by Irene Engard, 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

Finra Investigation of Stockbroker, Merrill Lynch, Private Client Services, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Jeffrey Slothower-Former Private Client Services Broker-Discloses Regulatory Event and a Settled Customer Dispute-New York, NY

November 2020- New York, NY

According to publicly available records, former Private Client Services financial advisor Jeffrey Slothower,  was suspended  from the securities industry by FINRA.

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 November 2017, FINRA case #2016049080901  was filed against Slothower. Without admitting or denying the findings, Slothower consented to sanctions and to the entry of findings  that a customer of his former member firm lost money from options trading in his brokerage account while Slothower was his broker of record.   The findings stated that while associated with his next member firm, Slothower wired $355,000 to the customer’s bank account to offset the customer’s trading losses.     At the time of the wire, the customer was not a customer of Slothower.    He did not obtain prior written authorization from the prior firm, his firm or the customer.    Nor had Slothower or his employing member firms financially contributed to the customer’s brokerage account prior to the wire.   Thus, Slothower improperly shared in the customer’s losses.    Sanctions ordered were a 15 day suspension beginning 11/20/2017 and a $5,000 fine.

In  FINRA case #18-02341 a Merrill Lynch, Pierce, Fenner & Smith customer alleged unauthorized trading, theft, forgery, unsuitable investment recommendations and misrepresentation from August 2012 until December 2015.   That  case settled for $35,000.

Slothower was been employed by Private Client Services since 1/2016-6/2016.  He is not currently registered with any broker dealer.  Earlier in his career he was with Merrill Lynch, Pierce, Fenner & Smith, Northwester Mutual Investment Services, Assent,  and Goldman Sachs.  

If you have losses in an account handled by Jeffrey Slothower, 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

Cetera Advisors, Cetera Financial Group, Citizens Securities, LPL Financial, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct

Keith Thomas Lohm, Sr.-Previous Citizens Securities, Inc. Broker-Discloses Termination- Pittsburg, PA

November  2020- Pittsburg, PA

According to publicly available records  Keith Thomas Lohm, Sr. (CRD#1516728), a  former stockbroker who last worked for Citizens Securities, Inc.,  discloses 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 October 2019,  Lohm was discharged by his employer, Citizens Securities, Inc. after allegations of violations of bank policy when he reused a client’s signature instead of getting the client to actually sign the document.

Lohm worked with Citizens Securities, Inc. from April 2018 until November of 2019.   Before that he was with LPL Financial, Cetera Investment Services, OBS Brokerage Services, Inc., Nationwide Securities, and World Capital Brokerage.   

If you had an account with Keith Lohm that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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

American Capital Partners, Failure to Supervise, Finra Investigation of Stockbroker, Janney Montgomery Scott, Rockwell Global Capital, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Worden Capital Management

Richard Reynolds-Worden Capital Broker-Discloses 3 regulatory events, 11 customer disputes and a termination-Garden City, NY

November 2020- Garden City, NY

According to publicly available records Richard Foerster Reynolds (CRD#2162706), a stockbroker who works for Worden Capital Management  discloses three regulatory events, 11 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 May of 2016, the State of Illinois ordered sanctions that Reynolds would lose his registration as a salesperson in the state of Illinois for a period of two years when he could re-apply. The cost of investigation was also sanctioned in the amount of $150. Sanctions were ordered to satisfy allegations that Reynolds had been barred from the NYSE for five months after violating various New York Stock Exchange rules.

In October of of 2013, the State of Michigan denied Reynolds registration alleging that he had engaged in dishonest or unethical practices in the securities and investment business within the previous 10 years and that he was the subject of an order issued by the NYSE.

In December of 2007 the NYSE Division of Enforcement sought sanctions alleging that Reynolds 1) violated the NYSE rule of engaging in an outside business without consent 2) engaged in conduct inconsistent with just and equitable principles of trade by soliciting firm customers and others to invest in private securities transactions away from the firm and making misstatements to customers 3) sending correspondence to customers without supervisory review or approval. Sanctions were censure and a five month bar from NYSE.

From May of 2008 until April 2019, nine customer disputes were filed by customers firms that employed Reynolds -Janney Montgomery Scott, American Capital Partners and Worden Capital alleging among other things churning, over-concentration, unauthorized trading, unsuitability, misrepresentations, unsuitability, statutory and common law fraud, breach of contract, breach of fiduciary duty, negligence and negligent supervision. The cases were cumulatively settled for more than  $650,000. 

In April of 2010, American Capital Partners terminated Reynolds after allegations of insubordination and violation of firm policy.

Reynolds has been employed with Worden Capital Management since December of 2015. Before that he worked with Rockwell Global Capital, American Capital Partners, and Janney Montgomery Scott.

If you had an account with Richard Reynolds that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investorsnationwide 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