Crystal Bay Securities, Inc. is a defunct broker-dealer out of Delray Beach, Florida. FINRA cancelled the firm’s license in February 2019 for failure to pay arbitration fees. In November 2020, an arbitration panel ordered Crystal Bay Securities, Inc. to pay $1.3 million in damages to a 91-year-old Claimant over her…
Emerson Equity LLC is a broker-dealer headquartered in San Mateo, California. According to publicly available records filed with the SEC, Emerson Equity LLC likely received sales compensation for selling the GPB funds to retail investors. Firm broker Robert Scott is named in customer disputes involving GPB funds, including the GPB…
Arkadios Capital is a boutique broker-dealer headquartered in Atlanta, Georgia. The firm was formed in 2015. According to publicly available records filed with the SEC, Arkadios Capital likely received sales compensation for selling the GPB funds to retail investors. Firm broker Mike Sievert is named in customer disputes involving GPB.…
Avere Financial Group, LLC (n.k.a Parsonex Capital Markets, LLC) is a broker-dealer based in Colorado. According to publicly available records filed with the SEC, Avere Financial Group, LLC likely received sales compensation for selling the GPB funds to retail investors. In 2015, Parsonex acquired Avere Financial Group, LLC, a private…
Nevada-based broker-dealer Financial West Group was expelled from the securities industry in February 2020. Publicly available records filed with the SEC show that Financial West Group likely received sales compensation for selling the GPB funds to retail investors. Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who…
Ausdal Financial Partners, Inc. is a broker-dealer based in Davenport, Iowa. According to publicly available records filed with the SEC, Ausdal Financial Partners, Inc. likely received sales compensation for selling the GPB funds to retail investors. Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims…
IBN Financial Services, Inc. is a broker-dealer based in Liverpool, New York. According to publicly available records filed with the SEC, IBN Financial Services, Inc. likely received sales compensation for selling the GPB funds to retail investors. Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were…
BCG Securities, Inc. is a broker-dealer headquartered in Cherry Hill, New Jersey. According to publicly available records filed with the SEC, BCG Securities, Inc. likely received sales compensation for selling the GPB funds to retail investors. Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who were victims…
Lion Street Financial, LLC is a financial services company headquartered in Austin, Texas. According to publicly available records filed with the SEC, Lion Street Financial, LLC likely received sales compensation for selling the GPB funds to retail investors. Iorio Altamirano LLP is investigating claims on behalf of defrauded investors who…
The Financial Industry Regulatory Authority (“FINRA”) has suspended stockbroker Frederick Rock from the securities industry for five months and ordered him to pay a $5,000 fine. FINRA sanctioned Mr. Rock because he solicited clients to purchase $409,200 worth of securities that were not approved by his firm, Pruco Securities LLC.…