Tag Archives: stockbroker malpractice

James D’Meo-Former Kenneth, Jerome & Co., Inc. Broker- Permanently Barred from FINRA

March 2020- Florham Park, NJ

According to publicly available records.  James D. D’Meo, (CRD#1444759), a  former stockbroker who last worked for Kenneth, Jerome & Co., Inc.,  discloses 2 regulatory events, 11 outstanding judgement/liens 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 12/2019  D’Meo was permanently barred from the securities industry after D’Meo failed timely to provide documents and information requested by FINRA and refused to appear one-the-record testimony as requested by FINRA, as part of an investigation into his financial disclosures.

In 12/2018, Kenneth, Jerome & Co., Inc., discharged D’Meo after allegations of failure to disclose reportable personal financial events as discovered by FINRA in a search of public records.

D’Meo discloses 11 outstanding judgement/liens.

D’Meo was employed by Kenneth, Jerome & Co., Inc. from June 2013 until December of 2018.     Prior to that time he was with Equity Services, Inc.

If you had an account with James D’Meo 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

Ramon Esparza-Former Mutual of Omaha Financial Advisor-Barred from Securities Industry-McAllen, TX

April  2020- McAllen, TX

The FINRA records of Ramon Esparza  , a broker previously employed  by  Mutual of Omaha Investor Services, Inc. disclose a regulatory event resulting in his bar from the securities industry 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 December 2019, Esparza was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that he failed to provide documents and information requested by FINRA in connection with an investigation into outside business activities.   Esparza’s member firm initiated an internal review relating to allegations that he received cash and transacted business in Bitcoin and concluded that he engaged in unapproved outside business activities involving Bitcoin transactions.

In August of  2019 Esparza voluntarily resigned from Mutual of Omaha Investor Services,  Inc.,  after allegations that he engaged in unapproved outside business activities involving Bitcoin transactions.

Esparza worked for Mutual of Omaha Investor Services, Inc.  from July of 2014 until August of 2019.   Before that time he had been employed with Pegasus Insurance Group and  Primerica Financial Services.  

If you have questions about an account  handled by Ramon Esparza  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Stock Market Losses? –How to Recover Investment Losses Resulting From the COVID 19 Pandemic

April 2020

Retirees and Those Anticipating Retirement In the Near Term

Financial advisors are charged with a duty to make “suitable recommendations” to their customers. For those anticipating retirement in the near future or those who are already retired, investment recommendations should be skewed toward the conservative end of the spectrum, so that in the event of a market adjustment such as the present situation caused by COVID 19, the downside is somewhat protected.

Accounts that have suffered losses that track the decline of the DOW would generally be considered unsuitable for retirees, and those anticipating retirement in the near future.

How to Recover Losses 

Recovery of losses from registered financial advisors and brokerage firms is pursued by filing an arbitration claim with FINRA (Financial Industry Regulatory Authority). This process is more expedient and less costly than court litigation. Most cases are resolved in about 12 months, sometimes less. We handle most cases on a contingent fee basis, meaning you only pay us if we obtain damages for you.

If you or one of your loved ones is concerned about their financial future as a result of having suffered significant losses in an investment account, please give us a call. We have been representing aggrieved investors for more than 30 years and we can help you.

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

 

 

Cecil Allen Ross-Former LPL Financial Broker-Discloses Regulatory Event and Customer Dispute-San Angelo, TX

April 2020-San Angelo, TX

According to publicly available records of Cecil Allen Ross (CRD#2391047) ,  a  former stockbroker who last worked for LPL Financial,  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 December of 2019, FINRA  suspended  Ross  from the securities industry for four months and fined him $5,000 after finding that he engaged in an unsuitable pattern of short-term trading  Unit Investment Trusts (UITs) in customers’ accounts while employed by Raymond James.    FINRA found that Ross recommended that most of his customers sell and roll over their positions after less than one year, notwithstanding the costs associated with short term trading.

In June of 2014,  a customer of Ross’s previous employer,  Raymond James Financial  , filed FINRA case 14-02745 alleging unsuitable investments and excessive trading.    A FINRA arbitration panel awarded the customer $100,000 in damages.

Ross  was employed by LPL Financial   from September of 2014 until December of 2019.      Prior to that time he was with Raymond James Financial Services, Inc., International Assets Advisory, Edward Jones, and Cecil A. Ross Investment & Insurance Group.    

If you had an account with Cecil  Allen Ross  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

Rodney D. Potratz-FSC Securities Corporation Broker-Discloses $6 Million Pending Customer Dispute-Clive.IA

February 2020 -Clive, IA

The FINRA records of Rodney David Potratz  , a stockbroker  who is currently registered with FSC Securities Corporation , disclose a $6 million pending 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  FINRA case #19-03409,  a customer of FSC Securities Corporation alleges that various alternative investments were inappropriately recommended and is seeking damages of $6 million.

Potratz  has been employed with FSC Securities Corporation since October of 2003.

Potratz discloses a business affiliation as an insurance agent with Stonebridge Financial Advisors.

If you have questions about an account handled by Rodney David Potratz  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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870