Tag Archives: stockbroker malpractice

Thomas Eades-RBC Capital Broker-Has Two Pending Customer Disputes-Dallas, TX

May 2018-Dallas, Texas

The FINRA records of  Thomas H. Eades ,  a  stockbroker who works for RBC Capital Markets disclose 2 recently filed and pending customer disputes seeking damages for the mismanagement of their accounts.

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.

  • FINRA Case 18-0466-A customer of RBC alleges that accounts were left ‘uninvested” in a minimal interest case account inconsistent with investment objectives during 2015-2017. Damages of $180,000 are sought.
  • Customer complaint received March 2018 from an RBC customer alleges that their accounts are concentrated in energy sector master limited partnerships (MLPs) and that Eades recommended that they continue to hold the  positions after dividend payments had been reduced resulting in losses. Time frame is 3/2004-1/2018. Damage amount is not specified.

Eades has been employed by RBC Capital Markets since 3/1998.

If you have questions about the way your account has been handled by Thomas Eades , call for a no charge consultation 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

Wayne I. Miller-Former Accelerated Capital Group Broker-Discloses Numerous Customer Suits-Scottsdale, AZ

May 2018-Scottsdale, AZ

The FINRA records of  Wayne I. Miller ,  a  stockbroker who formerly worked for Accelerated Capital Group disclose a pending regulatory suspension, a pending customer dispute and 2 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 January 2018, Miller was suspended by FINRA  from acting in a principal capacity for six months (1/02/2018-7/1/2018) and fined $10,000 to resolve allegations that he failed to reasonably supervise the chief compliance officer of his former firm, Accelerated Capital Group. As a result of his failed oversight a broker excessively traded mutual funds and made unauthorized trades.

In FINRA case 16-1433, Miller was named as a control person. The customer of Accelerated Capital Group alleged breach of finduciary duty, violation of California securities laws and other claims and sought damages of $130,000. The case was settled for $110,000.

In FINRA Case 15-3471, Miller was named as a control person of Accelerated Capital Group. The customer alleged unauthorized trading and excessive trading (churning) and sought damages of $200,000. The case was settled for $165,000.

In pending FINRA Case 17-01178 a customer of Accelerated Capital Group alleges over concentration, misrepresentation, failure to supervise and other claims and seeks damages of $340,000.

Wayne Miller was employed by Accelerated Capital Group from 4/2010-2/2018. He is currently employed by AEON Capital in Scottsdale.

If you have losses in an account in an account handled by Wayne Miller , call for a no charge consultation with an experienced securities attorney to learn how you may be able to recover damages.

Accelerated Capital Group Regulatory Issue

Accelerated Capital Group is headquartered in Costa Mesa, CA. The firm has been a FINRA member since March 1997 and has about 35 brokers in 6 branch offices, the largest of which are located in Irvine, CA, and Scottsdale, AZ.

In a currently pending FINRA regulatory matter, regulators allege that Accelerated Capital Group failed to properly monitor, through their written supervisory procedures (WSPs) and supervisory system, mutual fund switches and exchanges and failed to respond to red flags of broker misconduct.

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

Bradley Tennison-Discharged by Geneos Wealth Mgmt. After Customer Files Complaint-Mesa, AZ

May 2018-Mesa, AZ

The FINRA records of  Bradley J. Tennison ,  a  stockbroker who is not currently registered and who last was employed by  Geneos Wealth Management disclose a pending customer dispute , 2 prior customer disputes and 2  terminations 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 the pending dispute in 4/2018,  a customer of Geneos Wealth Management alleges that in 2016 Tennison recommended that she wire $300,000 to an investment called “The Joseph Project“, which she understood to be a 12 month investment with a 5% enhancement. The customer alleges that she has not received statements or the return of any principal.

In the same month the customer complaint was received, 4/2018, Geneos Wealth Management discharged Mr. Tennison. Geneos states that they have been unable to locate any record of said investment and that Tennison has been “minimally responsive” to requests for information. Tennison had worked for Geneos since 8/2005.

In 8/2005 Tennison was discharged by his prior employer, Oberlin Financial Corp. for violations of firm procedure related to annuity switching.

If you have losses in an account in an account handled by Bradley Tennison , call for a no charge consultation with an experienced securities attorney 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

Dennis Farrah-Former TCM Securities Broker-Barred From Securities Industry Over Madyson Capital Mgmt. Sales-Aurora, CO

May 2018-Aurora, Colorado

The FINRA records of  Dennis M. Farrah ,  a  stockbroker who is not currently registered and who last was employed by  Taylor Capital Management (now known as TCM Securities)  disclose a prior regulatory event, 3 prior customer disputes , 4 pending 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 1/2018, Colorado securities regulators permanently barred Farrah from the securities industry to resolve allegations that he sold Madyson Capital Management, a real estate development company, without the knowledge of written approval of TCM Securities, his employer at the time.

There are currently 4 pending FINRA arbitrations by customers of TCM seeking total damages of about $800,000 for misrepresentations related to the sale of Madyson REIT shares.

Prior to his employment with TCM Securities, Farrah was registered with Sicor Securities, a broker dealer that was expelled by FINRA in 1/2014.

Farrah was employed by TCM Securities from 10/2013 until 12/2017 when he resigned just prior to the imposition of sanctions by the Colorado Division of Securities.

If you have losses in an account in an account handled by Dennis Farrah , call for a no charge consultation with an experienced securities attorney 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

Mark Trewitt-Former VFG Securities Broker-Subject of Numerous Customer Suits-Plano, TX

May 2018-Plano, TX

According to publicly available records Mark A. Trewitt , (CRD# 1364490) ,  a   stockbroker who formerly worked for VFG Securities discloses 3 pending and 10 final 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 three pending cases seek total damages of over $1 million in damages and relate to investments in oil and gas private placements.

The prior cases include:

FINRA Case 17-2010-a customer of VFG Securities sought damages of $150,000 for negligence and breach of fiduciary duty in connection with the recommendation to purchase private non publicly traded real estate investment trusts (REITs). That case settled for $77,952.

In March 2017 a customer of VFG Securities filed FINRA Case 17-0669 seeking damages of $300,000 alleging an over concentration of alternative investments, including limited partnerships, direct investments in equipment leasing, promissory notes and real estate investments. That case settled for $139,645.

In February 2017 a customer of Madison Avenue Securities and VFG Securities filed FINRA arbitration 17-0217 claiming damages of $400,000 and alleging that between 2007-2011 Trewitt sold the customer real estate investment trusts (REITs) and private placements that were misrepresented. The case settled for $48,413.

Trewitt worked for  VFG Securities from 11/2010-11/2017 and  Niagara International Securities from  4/2017-6/2017. Prior to that he was employed by Madison Avenue Securities in Plano, TX, from 9/2006- 11/2010.

Mark A. Trewitt discloses numerous other business activities with other entities, including:

  • Insurance Funding Solutions
  • Integrated Financial Solutions
  • First Financial Resources
  • Stop the Wealth Leakage, LLC
  • Exceptional Risk Advisors
  • First Life Funding & Succession Capital Alliance
  • SDC Energy (Sandview Development Corp.)
  • Kosmos Management, LLC 

If you have questions about an account handled by Mark A. Trewitt, contact us to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures.  These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

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