Tag Archives: Woodstock Financial Group

Raymond Clark – Woodstock Financial Group Broker- Discloses Customer Disputes-Staten Island, NY

January 2019-Staten Island, NY According to publicly available records  Raymond William Clark , a  stockbroker who is currently registered with Woodstock Financial Group,  disclose 8 prior 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 10/2014 a customer of  Clark’s prior employer, JP Turner and Company, was paid $700,000 to resolve allegations that Clark mismanaged the account and breached his fiduciary duty. 

In 4/2011 another customer of J.P. Turner was paid $70,000 to resolve allegations that Clark churned their account and made misrepresentations. 

Clark has been with Woodstock Financial Group  since May of 2013.  . His prior employment includes Chelsea Financial Services  and JP Turner and Company. Clark discloses business affiliations with Biondolillo Financial Group (BFG) and Reascence Capital LLC

If you have losses in an account in an account handled by Raymond William Clark, Jr.  , contact us for a no charge consultation to learn how you may be able 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

William Bruckner-Former Woodstock Financial Broker-Has Regulatory Disclosures-West Palm Beach, FL

February 2018-West Palm Beach, FL

The FINRA records of  William Bruckner ,  a  stockbroker who is not currently registered with any broker dealer and who was last employed by Woodstock Financial Group disclose a regulatory event 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 3/2017 Bruckner was fined $5,000 and suspended for 15 days by FINRA to resolve allegations that while employed by Merrill Lynch, he mismarked 20 order tickets as unsolicited when, in fact, he had solicited the underlying trades to his customers. FINRA Case 2016050195201

In 5/2016 Bruckner was discharged from Merrill Lynch who made the following allegation on his FINRA record: “Conduct including solicitation of no opinion securities, mismarking trades as unsolicited and failure to be forthcoming in discussions with the Firm”.

Bruckner was employed by Woodstock Financial Group from 5/2016-2/2018 and Merrill Lynch from 7/2012-6/2016. Prior to that he was employed by Sanford C. Bernstein 2/2010-7/2012. He discloses a business affiliation with Banyan Private Wealth in West Palm Beach, FL.

If you have questions about an account handled by William Bruckner , call to speak with an experienced securities attorney to discuss your options.

Solicited vs Unsolicited Trade

A solicited trade is a transaction where the broker contacts the customer to commence the transaction, generally meaning that it is the idea of the broker to buy or sell a particular investment. An unsolicited trade is one in which the customer initiates the trade; ie, the customer tells the broker he would like to buy or sell a particular investment.

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

Zachary Berkey-Former Four Points Capital Broker-Named in SEC Complaint-Melville, NY

February 2019-Melville, New York / Texas

Zachary S. Berkey , a currently unregistered stockbroker who last worked for Four Points Capital Partners, a Texas LLC, (Four Points) was named in a complaint filed by the Securities and Exchange Commission in December 2017, which alleges that Berkey and another Four Points broker, Daniel T. Fischer, recommended a high cost, in and out trading strategy without reasonable basis to believe it was suitable for the customers.

The SEC alleged that Berkey and Fischer:

  •  were reckless in making such a recommendation which was not suitable given the customers’ financial needs, investment objectives and circumstances.
  • made material misrepresentations and omissions to customers
  • the ten customers accounts involved suffered losses of $573,867 while Berkey earned $106,000 and Fischer earned $175,000 in commissions.

In 10/2018, Zach Berkey was permanently barred from the securities industry.

According to FINRA records Berkey was employed by Four Points Capital Partners from 4/2013-1/2015. Prior to that he was employed by National Securities Corp. and before that Woodstock Financial Group.

Berkey discloses a currently pending customer dispute and 4 prior customer disputes which include a case settled in 2005 for $231,000 in which a customer alleged misrepresentation and churning.

In the currently pending matter, a customer of Four Points seeks damages of of $146,000 for violations of state and federal securities laws.

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.

If you have questions about  an account handled by Zachary S. Berkey or if you have an account with Four Points Capital Partners that you think has been mishandled, 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