Tag Archives: national securities corp complaints

Mark Kolta-Former National Securities Corp Broker-Subject of Two Customer Suits Involving Real Estate Investments-New York

September 2018-New York

According to publicly available records Mark Sam Kolta ,  a   stockbroker who formerly worked for National Securities Corp.  and who  is currently registered with Worden Capital Management, disclose 2 currently pending customer disputes, 12 prior final 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 currently pending FINRA arbitration 18-2394 a customer of National Securities Corp. alleges that Kolta made misrepresentations and sold them an unsuitable real estate security. The customer seeks damages of #120,000.

In another currently pending FINRA arbitration (#18-2017) a customer of National Securities Corp. alleges that Kolta made an unsuitable recommendation to invest in a real estate security and made misrepresentations in connection with the sale. The customer seeks damages of $450,000.

In 2011 Kolta was discharged by a former employer, Chase Investment Services, who makes the following allegation on Kolta’s FINRA record: “Registered rep advised customers of another brokerage firm in the trading of options during his employment with the firm without the firms knowledge or permission.”

Mark Kolta was employed by National Securities Corp. from 9/2013-6/2017. He was with Aegis Capital Corp for a short time from 6/2017-2/2018 and has currently been employed by Worden Capital Management since 4/2018.

If you have questions about an account in an account handled by Mark Kolta , contact us for a no charge consultation to discuss 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

Matthew A. Siliato- Former Meyers Associates Broker-Discloses Pending Customer Disputes

April 2018-New York

The FINRA records of  Matthew Angelo Siliato,  a  stock broker who currently is employed by Spartan Capital Securities disclose 2 currently pending customer disputes, 5 prior final customer disputes, 1 prior financial event and 2 currently outstanding judgement/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 currently pending FINRA Case #17-884 a customer of Meyers Assoc., now known as Windsor Capital, alleges damages of $383,000 for churning, unsuitable trades and unauthorized trading for the period 2/2016-11/2016.

In currently pending FINRA Case #16-1526 a customer of Meyers Assoc., now known as Windsor Capital, alleges damages of $250,627 for unsuitable investment recommendations.

In prior FINRA Case#15-03036 a customer of former employer National Securities Corp alleged damages of $522,941 for unsuitable investment recommendations and breach of fiduciary duty. The case was settled for $250,000.

Siliato has been registered with  Spartan Capital Securities since 1/2017. He was employed by Meyers Associates (WIndsor Street Capital) from  3/2013-1/2017. Prior to that he was registered with National Securities Corp.  from 1/2010-2/2013.

If you have questions about how your account has been handled by Matthew A. Siliato, call for a no charge consultation 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

Jan E. Haynes-Centaurus Financial Broker-Discloses Customer Disputes

August 2016- La Jolla, CA

The FINRA records of  Jan E. Haynes,  a  stock broker who is currently employed by Centaurus Financial  disclose  a prior regulatory event and 11 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 arbitration 14-01882, a customer of Haynes former employer National Securities Corp., alleged damages of $50,000 for breach of fiduciary duty, misrepresentation, omissions, negligence and breach of contract. That case was settled for $17,500.

Haynes employment history includes:

  • Centaurus Financial                              since 9/2010
  • National Securities Corp.                    1/2007-9/2010

If you have losses in an account handled or supervised by Jan E. Haynes you may be able to recover damages from his former 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 J. Santariello-Arive Capital Markets Broker-Discloses Customer Complaint Alleging Speculative Trading

August 2016- Coram, NY

The FINRA records of John J. Santariello ,  a  stock broker who is currently  employed by Arive Capital Markets  disclose  a currently pending customer dispute and a prior financial event.

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 currently pending FINRA Case#14-02955 , a customer of his prior employer, K.C. Ward Financial, alleges damages of $100,000 for account losses from 2012 through May 2014 due to unsuitable and excessive trading of high-risk, speculative stocks.

Santariello has been employed by  Arive Capital Markets since 7/2016. His prior employment includes:

  • Cape Securities                                                 8/2015-6/2016
  • Joseph Gunnar                                                   7/2015-7/2015
  • Wilmington Capital Securities                 3/2014-5/2015
  • National Securities Corp                            8/2013-2/2014
  • K.C. Ward Financial                                      2/2010-5/2013

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