Tag Archives: SunTrust Investment Services problem

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

FINRA Sues Christopher S. Vaughn-Theft From Elderly Client

Leesburg, Florida–The Villages FLA

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.

AUGUST 2013
Christopher Shawn Vaughn (CRD #4956822, Registered Representative, Leesburg, Florida) was named a respondent in a FINRA complaint alleging that he engaged in a scheme
to convert securities an elderly customer owned. Without the customer’s knowledge or consent, Vaughn made his wife the primary beneficiary of the customer’s brokerage account. When the account was opened, Vaughn did not inform his immediate supervisor, or any other supervisor at his member firm, that his wife was the beneficiary. As part of his efforts to hide his misconduct, Vaughn provided a false mailing address for the customer on her application, which was for a post office box belonging to his wife’s grandfather, preventing the firm from delivering monthly account statements and trading confirmations to the customer at her actual residential address. By doing so, Vaughn caused his firm’s books and records to be inaccurate. The complaint alleges that after opening her account, Vaughn recommended and sold the customer a fixed annuity contract for $10,000.

The customer informed Vaughn that she wanted her neighbor to be named as the annuity’s beneficiary. In direct contravention of the customer’s instructions, Vaughn falsely recorded in the firm’s electronic system that his wife was the annuity’s primary and sole beneficiary.

The complaint also alleges that in connection with the annuity, Vaughn provided the same incorrect mailing address for the customer in the firm’s system, thereby preventing the firm or the company that issued the annuity from delivering information concerning the customer’s annuity to her actual residential address. After receiving an email communication from the company that issued the annuity inquiring about the accuracy of the customer’s mailing address, Vaughn falsely represented to the company that the customer’s address was correct, and that the customer had informed him that she had experienced delivery issues with the post office.

In addition, the complaint alleges that the customer received a packet of documents concerning her annuity, from which she learned for the first time that Vaughn’s wife was named as the beneficiary of the annuity. The customer did not know who Vaughn’s wife was. After being contacted by the customer’s neighbor questioning the inaccurate address and why his wife was named as the beneficiary, and indicating that the customer wanted her $10,000 investment returned, Vaughn told the customer and her neighbor that he had mistakenly identified his wife as the beneficiary of the annuity because a member of his wife’s family purchased a $10,000 annuity at the same time and named his wife as the beneficiary. At her request, the customer’s annuity contract was cancelled and the $10,000 was refunded to her.

Moreover, the complaint alleges that after the customer’s neighbor informed Vaughn of the customer’s death, he informed the neighbor that the customer contacted him to remove the neighbor as the beneficiary. Vaughn promised to provide the neighbor with documentation to that effect, but he never did. Following the customer’s death, Vaughn opened a brokerage account in his wife’s name for the express purpose of receiving the assets from the customer’s account. Vaughn’s wife then presented to his firm a death certificate that Vaughn obtained from the neighbor, and successfully caused the assets held in the customer’s account to be transferred to his wife’s brokerage account.

The customer’s account held mutual funds worth a combined $22,417.58. Furthermore, the complaint alleges that after learning that the customer’s assets had been transferred to Vaughn’s wife’s account, the neighbor and the customer’s attorney asked the firm to conduct an investigation into Vaughn’s conduct with respect to the customer’s account.

The firm did not find any documentation evidencing the customer requested Vaughn’s wife to be named as a beneficiary on either the account or annuity. The firm terminated Vaughn’s employment in connection with this matter. Vaughn and his wife executed a Mutual Release and Settlement Agreement with the firm, agreeing to transfer the assets held in the wife’s account back to the customer’s account or an account maintained in the name of the customer’s estate. Vaughn’s conduct resulted in the conversion of $22,417.58 in assets from the customer. (FINRA Case #2011028581201).

According to FINRA BrokerCheck Records Vaughn is not currently registered. He was previously registered at the following brokerage firms:

SunTrust Investment Services, Inc
Deltona, FL
8/2009-7/2011

Wells Fargo Advisors, LLC
The Villages, FL
1/2008-8/2009

A.G. Edwards & Sons, Inc.
The Villages, FL
6/2007-1/2008

If you have questions about investment
losses or the way your brokerage account has been handled, please
contact us to discuss your legal rights.

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