Tag Archives: John Thomas Financial

Nicholas Parisi-Former Aegis Capital Broker-Discloses Customer Dispute & Outstanding Liens

April 2019-New York

The FINRA records of Nicholas Parisi ,  a  stock broker who is currently  unlicensed and who was most recently employed  by Aegis Capital Corp.  , disclose a settled customer dispute and 2 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  FINRA Case #16-0031, a customer of Aegis Capital alleged damages of $135,000 for the mishandling of his account for the period from February 2012 through May 2012. That case was settled for $37,500.

Parisi discloses 2 outstanding tax liens; one to the Internal Revenue Service in the amount of $33,792 and one to the NY State Department of Taxation and Finance in the amount of $10,718.

Parisi was employed by Aegis Capital Corp. from 7/2010 – 5/2016. Prior to that he was employed by John Thomas Financial, a firm expelled by FINRA in 10/2013.

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 B. Schwartz-Former Aegis Capital Broker-Barred for Churning Customer Accounts-New York

April 2019-Garden City, New York

The FINRA records of James B. Schwartz ,  a  former stock broker  who worked for Aegis Capital from 8/2013-6/2016 and was last employed  by Joseph Gunnar & Co.  , disclose  that he was recently barred from the securities industry, 2 pending customer disputes, 7  prior final customer disputes and a currently outstanding judgement/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.

In 4/2019 Schwartz was permanently barred from the securities industry by FINRA. FINRA alleged that Schwartz churned and excessively traded the accounts of his customers causing combined losses of $660,000 while generating commissions for Schwartz and his employer of over $194,000. According to FINRA Schwartz made unauthorized trades of $10 million, including unauthorized trades in a customers account after the customer had died. FINRA Disciplinary Proceeding 2016051704302. 

The currently pending disputes include:

  • A customer of Aegis Capital who resides in Maine filed FINRA case 18-03717 alleging that from 2013-2016 Schwartz was negligent and made unsuitable recommendations and is seeking damages of over $32,000.
  • In 1/2018 a customer of Aegis Capital residing in New York file FINRA case 18-0408 alleging that Schwartz made unauthorized and unsuitable trades and is seeking damages of $1.8 million.

The previously resolved customer disputes include:

  • FINRA Case 17-1932 -a customer of Paulson Investment Company alleged excessive trading and unauthorized trading was paid a settlement of $800,000.
  • In June 2016 a customer of Schwartz’s prior employer, Aegis Capital Corp. alleged damages of $2,000,000 for unsuitable recommendations and mishandling their account from June 2013-January 2016. This case was settled for $782,000.
  • In pending FINRA Case #15-3428, another Aegis Capital customer alleged damages in excess of $287,000 for excessive trading, negligence, breach of fiduciary duty and unsuitable recommendations. That case was settled for $180,000.
  • In pending FINRA Case #15-2901, another Aegis Capital customer alleged damages of $289,163 for for unauthorized trading, negligence, breach of fiduciary duty and misrepresentation. This case was settled for $95,000.

Schwartz discloses a tax lien to  New York State  in the amount of $15,667.

Schwartz most recent employment was with Joseph Gunnar from 12/2016-2/2017. Before that he was  employed by First Standard Financial Co. from 6/2016-12/2016 .  Prior to that he was employed by Aegis Capital Corp from 6/2013-6/2016 and before that John Thomas Financial (expelled by FINRA 10/2013.

If you have losses in an account handled by James Schwartz, call for a no charge consultation to learn how you may be able to recover 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

Johnathan W. McHale-Former PHX Financial Broker-Makes Numersous Diclosures On FINRA Record

New York

According to FINRA records,  Johnathan W. McHale   a stock broker  formerly employed by PHX Financial , discloses seven final customer disputes, a termination and 7 pending 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 FINRA Case 11-3515, a customer while McHale was employed by John Thomas Financial alleged damages of $859,000 for mishandling the account for the sole purpose of generating commissions. That case was settled for $285,000.

McHale discloses seven judgments/liens, including a lien for $585,399.29 to the Internal Revenue Service.

McHale was been employed by PHX Financial from 2/2014-3/2016. Prior to that his employment includes National Securities Corporation and John Thomas Financial.

If you have questions about an account handled  by Johnathan W. McHale, call for a no charge consultation.

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

Christopher Veale–Former Legend Securities Broker Sanctioned by Regulator

UPDATE March 28, 2016- Christopher Veale‘s FINRA record reports 11 prior customer complaints that have been resolved and one pending dispute. See this for more. 

August18, 2015,

Christopher Frederic Veale , entered into an Order Accepting Offer of Settlement (Order)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he did not timely comply with FINRA requests that he provide information and testimony in connection with a FINRA investigation that he did not timely report outstanding tax liens and judgments of over $700,000.

Disciplinary Proceeding No. 2015044099801

Veale was suspended for 12 months and assessed a fine of $5,000. According to FINRA records, Veale has been registered with 17 different firms since 1994, including the following:

Legend Securities                                        5/2013-2/2015

John Thomas Financial                            4/2013-5/2013

Meyers Associates                                     11/2012-3/2013

If you suffered damages in an account handled by Christopher Veale you may be able to recover damages from his employing firm. Call us 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