FINRA rule 2010

Broker Nathan Gersteen Katz, Formerly with Triad Advisors LLC, BARRED by FINRA – Largo, FL

Published on: June 29, 2021 | by Iorio Altamirano

FINRA has barred former Triad Advisors LLC broker Nathan Gersteen Katz from the securities industry. Mr. Katz was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation into Mr. Katz’s alleged recommendations of short-term switching of mutual funds, forgery of customer signatures on switch letters, use of discretion without authorization, and failure to timely disclose certain judgments and liens.

If you have lost money with Nathan Gersteen Katz, or Triad Advisors LLC, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

FINRA Letter of Acceptance, Waiver, and Consent (“AWC”)

Broker Eric Burton, Formerly with LPL Financial LLC, Suspended by FINRA – Orland Park, IL

Published on: June 24, 2021 | by Iorio Altamirano

FINRA has suspended former LPL Financial LLC broker Eric Burton from the securities industry for 3 months for allegedly falsifying documents that he submitted to LPL in connection with twenty two variable annuity (“VA”) exchanges.

Burton was also fined $5,000.

If you have lost money with Eric Burton, or LPL Financial LLC, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Broker John Braddock, Formerly with Lakeridge Capital Inc., Suspended by FINRA – Salida, CO

Published on: June 19, 2021 | by Iorio Altamirano

FINRA has suspended former Lakeridge Capital Inc. broker John Braddock from the securities industry for 5 months for preparing and distributing a private placement memorandum that negligently misrepresented and omitted facts relevant to an investment in a private placement. The alleged misconduct is said to have taken place between September 2018 and April 2021.

If you have lost money with John Braddock, or Lakeridge Capital Inc., contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Lakeridge Capital Inc.

Popular Securities, LLC Broker Dennis Cummings Suspended by FINRA – Mayaguez, PR

Published on: June 19, 2021 | by Iorio Altamirano

FINRA has suspended Popular Securities, LLC broker Dennis Cummings from the securities industry for 45 business days for instructing his sales assistant to use pre-signed Letters of Authorization (LOA) to effect transfers between customers’ accounts. Cummings’ suspension is scheduled to start on July 19, 2021, and end on September 20, 2021. He was also fined $5,000.

If you have lost money with Dennis Cummings, or Popular Securities, LLC, contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Popular Securities, LLC.

Former Folger Nolan Fleming Douglas Incorporated Broker, Marc Lippman, Barred by FINRA – Washington, DC

Published on: June 18, 2021 | by Iorio Altamirano

The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker Marc Lippman from the securities industry. Mr. Lippman consented to the bar after FINRA alleged that he provided false information to FINRA during on-the-record testimony regarding whether he was aware that his customer was deceased at the time of entering a securities transaction in the customer’s account. Mr. Lippman was associated with Folger Nolan Fleming Douglas Incorporated in Washington, DC, from December 2009 until January 2021.

If you have suffered financial losses investing with Marc R. Lippman or Folger Nolan Fleming Douglas Incorporated, contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Folger Nolan Fleming Douglas Incorporated.

FINRA Files Complaint Against Former Allstate Financial Services, LLC Broker Elizabeth Ann Sollars – Terre Haute, IN

Published on: June 17, 2021 | by Iorio Altamirano

FINRA’s Department of Enforcement has filed a Complaint against former Allstate Financial Services, LLC broker Elizabeth Ann Sollars for failing to provide information and documents and for failing to appear and provide testimony to FINRA pursuant to FINRA Rule 8210.

FINRA requested the information in connection with its investigation into allegations that Sollars misappropriated insurance customer premium payments while registered with her firm.

The Complaint was filed on June 7, 2021.

Northwestern Mutual Investment Services, LLC Broker Scott Niekamp Suspended by FINRA – Chesterfield, MO

Published on: June 17, 2021 | by Iorio Altamirano

FINRA has suspended broker Scott Niekamp from the securities industry for three months for engaging in two outside business activities without providing prior written notice to his firm, Northwestern Mutual Investment Services, LLC. Additionally, Niekamp loaned money to a firm customer in violation of the firm’s written supervisory procedures and FINRA rules.

Niekamp’s suspension is scheduled to begin on July 7, 2021, and end on October 5, 2021. He was fined $10,000.

If you have lost money with Scott Niekamp, or Northwestern Mutual Investment Services, LLC, contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Broker Jason Howell Poff, Formerly with LPL Financial LLC, Suspended by FINRA – Houston, TX

Published on: June 15, 2021 | by Iorio Altamirano

FINRA has suspended former LPL Financial LLC broker Jason Howell Poff from the securities industry. According to an Office of Hearing Officers (“OHO”) order, Poff engaged in two outside business activities without his firm’s approval.

Poff’s suspension began on June 7, 2021, and is scheduled to end on September 6, 2021. He was also fined $5,000.

If you have lost money with Jason Howell Poff, or LPL Financial LLC, contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Broker Jimmie Darrel Summers, Formerly with Cetera Investment Services LLC, Suspended by FINRA – Tulsa, OK

Published on: June 15, 2021 | by Iorio Altamirano

FINRA has suspended former Cetera Investment Services LLC broker Jimmie Darrel Summers from the securities industry for 45 business days for circumventing Cetera’s procedures that prohibited registered representatives from being named as a trustee, successor trustee, or executor for a firm customer, or from having power of attorney for a firm customer, except when the customer was a member of the representative’s immediate family.

Summers’ suspension began on May 17, 2021, and is scheduled to end on June 30, 2021. He was also fined $5,000.

If you have lost money with Jimmie Darrel Summers or Cetera Investment Services LLC, contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Former Worden Capital Management Broker, Salvatore Pizzimenti, Barred by FINRA – New York, New York

Published on: June 14, 2021 | by Iorio Altamirano

The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker Salvatore Pizzimenti from the securities industry. Mr. Pizzimenti was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation related to improper trading in customer accounts while associated with Worden Capital Management LLC in New York.

According to a 2017 investigation by Reuters, Worden Capital Management hired more brokers with a history of significant disclosures than all but twenty-three other firms in the country. In 2021, Iorio Altamirano LLP set out to update that analysis.

The investigation revealed that fifty-four percent (54%) of Worden Capital Management’s brokers and supervisors have significant “red flag” public disclosures. Significant red flag disclosures include: