Tag Archives: recover investment losses

Mitchell Yanow-Former Stifel Nicolaus Broker-Discharged Over Allegations of Misappropriation of Customer Funds-Boca Raton, FL

June 2018- Boca Raton, FL

The FINRA records of Mitchell T. Yanow  , a stock broker who is not currently registered  disclose  that he was recently discharged by Stifel, Nicolaus & Co. and the settlement of a 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 May 2018, Yanow was discharged by Stifel Nicolaus, who alleged that Yanow “took money from a client account for his personal use without authority”.

Yanow had been employed by Stifel Nicolaus since 4/2015. Prior to that he was employed by Oppenheimer & Co. 

In 9/2015 a customer of Yanow/Oppenheimer was paid $144,000 to resolve allegations that their account was charged excessive commissions and margin interest.

If you have questions about  an account handled by Mitchell Yanow, call for a no charge consultation 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

Regan A. Rohl-Wells Fargo Broker-Subject of Numerous Customer Suits-Fargo, N. Dakota

June 2018- Fargo, N. Dakota

The FINRA records of Regan A. Rohl  , a stock broker who is employed by Wells Fargo Advisors Financial Network , disclose  7 pending customer disputes and 5 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.

The  FINRA arbitrations that are currently pending include:

  • FINRA Case 18-562 in which a customer of Wells Fargo alleges that Rohl made unsuitable investments in direct investments and limited partnerships. The customer is seeking damages of $1.2 million.
  • FINRA Case 17-1013 in which a customer of Wells Fargo and his former employer Morgan Stanley alleges that Rohl misrepresented the risks associated with concentrated investments in energy stocks. The customer is seeking damages of $85,000.
  • FINRA Case 17-1914 in which a customer of Wells Fargo alleges that Rohl made unsuitable recommendations to invest in limited partnerships and direct investments and is seeking damages of $150,000.
  • FINRA Case 17-1577-a Wells Fargo customer alleges that between 4/2011 and 12/2016 Rohl made unsuitable recommendations to buy and concentrate their portfolio of four accounts into oil and gas sector master limited partnerships and closed end funds. They also allege that Rohl recommended they utilize a line of credit secured by their Wells Fargo account to refinance existing loands and that they paid exorbitant interest as a result. Damages of $1.5 million are being sought.
  • FINRA Case 17-782 in which a Wells Fargo client alleges that Rohl purchased unsuitable master limited partnership in their accounts between 2011-2015 and that they were moved into a discretionary trading account without authority. Damages of $250,000 are sought.

Regan Rohl   has been employed by Wells Fargo since 3/2011 and has a business affiliation with Rohl Arabians, a company that raises Arabian horses.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Regan Rohl, call for a no charge consultation 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

Jack Maloney-Former Edward Jones Broker-Subject of Customer Suits-Morristown/Johnson City, TN

June 2018- Morristown/Johnson City , Tennessee

The FINRA records of John J. Maloney III (Jack Maloney , a stock broker who is employed by Woodbury Financial Services , disclose  2 pending customer disputes, 3 prior 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.

Two FINRA arbitrations are currently pending:

  • Case 17-3464- A customer of Maloney’s prior employer Edward Jones seeks damages of $329,523 and alleges that recommendations to invest in FireEye since 2014 was not a suitable investment.
  • Case 17-3010-Another Edward Jones customer alleges that Maloney made misrepresentations, unsuitable recommendations, breached his fiduciary duty and other claims from 12/1998-5/2016. The customer seeks an unspecified amount of damages.

In 6/2017 a customer of Edward Jones was paid $132,500 to settle FINRA Case 16-1706 in which they alleged that Maloney made unsuitable recommendations to purchase individual equities that resulted in losses.

Jack Maloney  was employed by Edward Jones from 3/1981 until he was discharged in 5/2016. According to Edward Jones “Mr. Maloney did not adhere to the Firm’s policy regarding suitability of recommendations”.  Maloney has been employed by Woodbury Financial Services since 6/2016, and operates Crossbridge Wealth Management & Benefits Group in Johnson City, TN.

FireEye stock reached a high of $88 in February of 2014 and currently trades for about $17.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Jack Maloney, call for a no charge consultation 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

Jack W. Griffith Jr-Janney Montgomery Broker-Subject of $4.2M Customer Suit Over Energy Investments-Columbia, S. Carolina

June 2018- Columbia, South Carolina

The FINRA records of Jack Wendell Griffith, Jr.  , a stock broker who is employed by Janney Montgomery Scott , disclose  3 pending customer disputes, 2 prior customer disputes,  and an outstanding judgment 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.

Three FINRA arbitrations are currently pending:

  • Case 17-2080-A customer of Janney Montgomery Scott (Janney) seeks damages of $4.2 million and alleges that Griffith recommended unsuitable securities and caused the client’s accounts to be over concentrated in energy investments.
  • Case 18-081-A customer of Janney seeks damages of $200,000 and alleges the Griffith made questionable recommendations and exposed the the client to overconcentration.
  • Case 18-0083- Another customer of Janney seeks damages of $150,000 alleging that Griffith made unsuitable investments in their accounts.

Griffith  has been employed by Janney Montgomery Scott since 1/2014. His securities industry employment prior to that includes Ameriprise Financial and A.G. Edwards.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Jack W. Griffith, Jr. , call for a no charge consultation 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

Herbert Voss, Jr.-Former StockCross Broker-Discloses Numerous Customer Suits & Termination From Employment-Beverly Hills, CA

June 2018- Beverly Hills, CA

The FINRA records of Herbert Voss, Jr.  , a former stock broker who was last employed by StockCross Financial Services , disclose a regulatory event,  a pending customer dispute, 7 prior 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 2018 FINRA permanently barred Voss from the securities industry after he failed to appear before FINRA for on the record testimony concerning a customer complaint alleging that Voss had engaged in unauthorized trading in the customer’s account.

Prior settlements with customers include:

  • In 2/2017 a customer of StockCross Financial alleged that Voss made unsuitable investment recommendations. That case was settled for $900,000 in 12/2017.
  • In FINRA case 10-1389 a customer of his former employer UBS Financial alleged that Voss charged excessive commissions and made unauthorized trades. That case settled for $950,000.

In currently pending FINRA arbitration #17-03505 a customer of Stockcross Financial alleges poor performance, fiduciary breach and failure to supervise. The customer seeks damages of $550,000.

Voss  was employed by StockCross Financial   since 7/2009 until 5/2018 when he was discharged after a customer alleged unauthorized trading in options.

If you have questions about  an account handled by Herbert Voss, Jr. , 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