Ramon “Cholo” Almonte has thirty-four pending customer complaints on his CRD, including four customer complaints filed in 2020, totaling over $2 million in claimed losses. The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in…
Mr. Eboli has ten pending customer complaints on his CRD, including one customer complaint filed in August 2020 for $500,000 in claimed losses. The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities.…
FINRA has barred financial advisor Michael Edward Magill (CRD #2024663) from the securities industry. Michael Magill was a stockbroker at Foreside Fund Services, LLC, in Portland, Maine, from August 2017 until January 2019. If you have lost money with Michael Magill, contact New York securities arbitration lawyers Iorio Altamirano LLP…
In June 2020, FINRA permanently barred financial advisor Dee Dee Brooks (CRD #2559233) from the securities industry. Ms. Brooks was a financial advisor at Signator Investors, Inc. in Huntington Beach, California. FINRA’s disciplinary action arose from Ms. Brook’s solicitation of two private securities transactions, Woodbridge Group of Companies LLC (“Woodbridge”)…
FINRA has suspended financial advisor Timothy David O’Brien from the securities industry for a 45-day period. He was also fined $10,000. O’Brien was registered with Feltl & Company in Inver Grove Heights, MN, from May 2012 until August 2020. He is currently not registered. If you have lost money with…
FINRA has suspended financial advisor Kurt Jason Gunter (CRD No. 2747789) from the securities industry for three months and fined him $10,000. FINRA alleged that between July 2013 through December 2016, Kurt Gunter engaged in an unsuitable pattern of short-term trading of Unit Investment Trusts in customer accounts. FINRA also…
In October 2020, FINRA suspended financial advisor Neemit M. Shah (CRD #4812480) for six months from the securities industry and ordered him to pay a $5,000 fine. These sanctions arose from Mr. Shah’s solicitation of Future Income Payments, LLC. This blog has previously written about Future Income Payments, LLC. FINRA…
In June 2020, FINRA suspended financial advisor Micha W. Patterson (CRD #5562392) for one month from the securities industry and ordered him to pay a $5,000 fine. These sanctions arose from Mr. Patterson’s solicitation of Future Income Payments, LLC. This blog has previously written about Future Income Payments, LLC. FINRA…
FINRA has barred financial advisor Matthew Jennings (CRD# 6762685) from the securities industry for refusing to cooperate with a FINRA investigation. Mr. Jennings was fired by Edward Jones in August 2019 due to concerns that he introduced clients to investments not offered through the firm. This type of conduct is…
A recently filed FINRA customer complaint against Insigneo Securities alleges account mismanagement and short trading by broker Felipe Henao. The claim appears to arise at least in part from a February 28, 2020 short trade placed by Henao for 20,000 shares in the Barclays Bk VIX Short-Term Futures ETN in…