Tag Archives: recover investment losses

Narinder Singh (aka Dutt)-Former Farmers Financial Solutions Broker- Discloses Customer Disputes-Sacrament, CA

May 2020-Sacramento, CA

According to publicly available records of Narinder K. Singh (aka Narinder Dutt)  (CRD#3100308) ,  a  former stockbroker who last worked for Farmers Financial Solutions, discloses a final customer dispute and a 2 pending 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 September of 2019, FINRA Case #19-02711, alleged Singh invested their funds into a fraudulent investment that appears to have actually gone to a business controlled by Singh.     The case recently settled for $250,000.

In December 2019, a customer of Singh’s previous employer, Transamerica Financial Advisors, Inc.,  alleged that Singh solicited him to invest $50,000 in an investment contract that guaranteed him 5% interest for 6 months.   Claimant alleges he wrote check to a company controlled by Singh.    Alleged damages are $16,500 and the case is pending.

In September 2019, a customer of Transamerica Financial Advisors and ProEquities, Inc., alleged Singh induced them to invest $412,500 into an investment contracts with a company Singh controlled.  Alleged damages are $1,237,500.   The case is still pending.

Singh discloses a currently outstanding lien to the IRS in the amount of $35,109, filed in Sacramento County, CA.

Singh was employed by Farmers Financial Solutions from January 2018 until November 2019.   Before that he was Proequities, Inc., Transamerica Financial Advisors, Inc. and OneAmerica Securities, Inc.  

If you had an account with Narinder Kaur Singh (aka Dutt) 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

Patrick Phillips-Allstate Financial Services Broker-Discloses Regulatory Event and a Customer Dispute-Amarillo, TX

May 2020-Amarillo, TX

According to publicly available records of Patrick H. Phillips, Jr.  (CRD#1021928) ,  a  stockbroker with Allstate Financial Services  discloses  a regulatory event and 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 November 2003 Phillips was fined $5,000 after violating the Texas Securities Act by rendering services as an investment advisor representative in Texas at a time when he was not registered with the Securities Commissioner, as required by Section 12 of the Texas Securities Act.

In April 2017, an Allstate Financial Services customer filed FINRA case #17-00974 alleging material omissions and misleading statements and for recommending unsuitable securities.    The case settled for $80,000 with a $500 contribution from Phillips personally.

Phillips has been employed with Allstate Financial Services since March 2007 and discloses an affiliation with Lighthouse Wealth Management of Amarillo, TX.

If you have questions about an account with Patrick Phillips  call to speak with an experienced securities attorney.

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

Jason Hudson-Edward Jones Broker-Discloses Customer Dispute-Amarillo, TX

May 2020-Amarillo, TX

According to publicly available records Jason D. Hudson (CRD#6411443) a stockbroker with Edward Jones discloses a customer dispute which alleges undue influence.

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, FINRA Case 18-02943 was filed by an executor for an estate alleging that the decedent mistakenly transferred funds from a joint account maintained with his wife to a joint account maintained by his wife and stepdaughter as a result of alleged undue influence by the stepdaughter and Hudson, the registered representative.    The case was settled for $30,000.

Hudson has been employed with Edward Jones since November of 2014.

Jason Hudson 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

Michael Kamperman-Former HD Vest Broker-Discloses Regulatory Event, Customer Disputes and a Tax Lien-Waco, TX

May 2020-Waco, TX

According to publicly available records of Michael Kamperman (CRD#2002603) ,  a  former stockbroker who last worked for HD Vest Investment Services  discloses  a regulatory event, customer disputes and a tax 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 FINRA Case 2016050400401, alleged Kamperman was suspended for 18 months and fined $20,000 to resolve allegations that he  made  investment recommendations in the 401(k) and IRA retirement accounts of customers  that were unsuitable based on the customer’s financial situation and needs, risk tolerance, investment experience and investment objectives.    The customers suffered over $407,000 in trading losses as a result.

In June of 2016, in FIRNA case 16-01641, a Prospera Financial Services customer alleged that their accounts decreased in value, their investments were not suitable, were over concentrated and that they were not informed of the risk associated with their investments.   Breach of fiduciary duties and contract were also alleged.    The case was settled for $320,000.

In February 2016, the IRS filed an $81,000 tax lien in McLennan County, Texas against Kamperman.

Kamperman was employed with HD Vest Investment Services  from December 2014 until June of 2017.   Before that he was Prospera Financial Services, Inc. and UBS Financial Services, Inc.

If you had an account with Michael Kamperman   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

Anthony Vaccaro, Jr.- Former Raymond James Broker-Discloses Regulatory Event & Termination-Dallas, TX

April 2020-Dallas, TX

According to publicly available records of Anthony F. Vaccaro, Jr. (CRD#3139011) ,  a  former stockbroker who last worked for Raymond James & Associates, Inc.   discloses  a regulatory event and a termination.

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 17-1028, Vaccaro was sued by his former employer Raymond James for failure to repay loans made to him. An arbitration panel found that Vaccaro liable for payment of principal and interest of about $1.75 million. In August of 2019, FINRA  suspended  Vaccaro from the securities industry indefinitely  after finding that he failed to comply with that arbitration.

Vaccaro was employed with Raymond James  from October 2013 until 6/2016 when he was discharged for violating the firm’s gift, client entertainment, third party expense reimbursement and charitable contributions policy by failing to disclose benefits received from an insurance company.       Prior to that he was with Southwest Securities, Inc., and Oppenheimer & Co., Inc.    

If you had an account with Anthony Vaccaro, Jr.   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