Tag Archives: SunTrust Investment Services complaint

Phillip Johnson- Former SunTrust Investments Services Broker- Discloses 4 Regulatory Events, 2 Customer Disputes and a Termination- Kingwood, TX

April  2019 – Kingwood, TX

According to publicly available records  Phillip Andrew Johnson (CRD# 501352) ,  a  former stockbroker who was last  employed by D.H. Hills Securities,  disclose 4 regulatory events, 2 prior customer disputes 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 9/2018 Johnson was permanently barred from the securities industry by FINRA for failing to respond to a FINRA request for information in connection with an investigation into an alleged loan of over $500,000 Johnson made from a customer of SunTrust Investment Services.  According to FINRA Johnson made an inaccurate statement on the firm compliance questionnaire related to borrowing from a firm customer.

Johnson had previously been sanctioned for borrowing from a firm customer without the approval of his firm in 2015.

In 5/2017, a customer of Suntrust Investment Services, Inc., was paid a settlement of $525,000 to resolve allegations that Johnson induced her to liquidate a $540,000 annuity and invest in real estate with him and to make him a personal loan.

Johnson was employed with Suntrust Investment Services, Inc. from February 2003 until May 2015 when he was allowed to resign after the firm learned that Johnson had borrowed from a customer.

Johnson was  employed with D.H. Hill Securities from April 2016 until December 2017.

If you have losses in an account handled by Phillip Andrew Johnson, contact us for a no charge consultation to learn how you may be entitled 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

Jeffrey Eglow-Former Wells Fargo Broker-Discloses Customer Disputes-Delray Beach, FL

January 2018-Delray Beach, Florida

Jeffrey L. Eglow, a stockbroker currently employed by Newbridge Securities discloses 4 prior customer disputes on his publicly available FINRA record.

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 June 2017 a customer of his former employer SunTrust Investment Services settled a claim for trades that were allegedly overcharged for $48,758.

In FINRA case 16-1962 a customer of SunTrust Investment Services and Wells Fargo Advisors alleged that unsuitable investments were made in his accounts and was paid $25,000 to resolve the claim.

Eglow was with Wells Fargo from 1/2012-3/2015 and then with SunTrust Investment Services from 3/2015-9/2017 and then joined Newbridge Securities.

If you have losses in an account handled by Jeffrey L. Eglow, contact us 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

Suntrust Investment Services Broker Pleads Guilty to Wire Fraud, Sentenced to 41 Months

Staunton, Virginia

Kirsten Flynn Hawkins, 45, pled guilty to wire fraud in January 2015, and in May 2015, was sentenced to 41 months in prison and ordered to pay restitution of $472,000 .

Hawkins was charged with stealing nearly half a million dollars from a long time customer of Sun Trust Investment Services who had allowed Hawkins to take control of several bank and investment accounts.

FINRA records indicate that Hawkins was registered with Suntrust Investment Services from 1/2003-12/2014.

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

Kirsten Hawkins of Staunton, VA, Pleads Guilty to Wire Fraud

January 16, 2015-Lynchberg, Virginia

The US Attorney’s Office for the Western District of Virginia announced that Kirsten Flynn Hawkins, 45, of Staunton, VA, pled guilty to three counts of wire fraud in connection with wrongfully taking money from a customer while working as a financial advisor at “Bank One”.

According to FINRA records Hawkins was most recently registered with Suntrust Investment Services  from    1/2003-12/2014.

If you have losses in an account handled by Hawkins, contact us to find out 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

Former Suntrust Investment Services Broker Kenneth Mauchin Barred by FINRA-Misappropraition of Customer Funds

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry.

See the FINRA website for current and historical disciplinary actions.

July 2013
Kenneth Andrew Mauchin (CRD #2366345, Registered Principal, Sanford, Florida) was barred from association with any FINRA member in any capacity. FINRA’s Enforcement Department did not seek restitution because the member firm reimbursed the customers. The sanction was based on findings that Mauchin withdrew $23,750 from customer accounts and used the funds to purchase cashier’s checks that he deposited into an account that he controlled. Mauchin falsely listed his work address as the mailing address for customer accounts, which prevented the customers from detecting Mauchin’s misappropriation of funds. The findings stated that as a result, Mauchin caused his firm to have false books and records. The findings also stated that Mauchin failed to appear for FINRA on the record testimony.

(FINRA Case #2011028452701)

According to FINRA records, Mauchin is not currently registered. He was previously registered with the following firms:

SunTrust Investment Services
6/2007-7/2011

Fifth Third Securities
2/2006-6/2007

Colonial Brokerage
10/2004-2/2006

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900