investor protection

Merrill Lynch Fined $1.5 million by FINRA – New York, NY

Published on: October 6, 2021 | by Iorio Altamirano

FINRA has fined Merrill Lynch $1.5 million over its alleged breach of supervisory and disclosure-related rules involving short positions in municipal securities. The firm was censured, fined, and required to certify that its supervisory systems and written procedures are reasonably designed to achieve compliance with Municipal Securities Rulemaking Board (MSRB) Rules G-17 and G-27 and Rule 15C3-3(D)(4) of the Securities Exchange Act of 1934 (Exchange Act). The firm was also required to certify that its revised written supervisory procedures have been distributed to all firm personnel with responsibilities for compliance with MSRB Rules G-17 and G-27 and Exchange Act Rule 15C3-3(D)(4).

If you have suffered investment losses with Merrill Lynch, contact New York securities 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 Merrill Lynch.

Lee Victor Nordstrom, Formerly with Vorpahl Wing Securities, BARRED by FINRA – Spokane, WA

Published on: October 6, 2021 | by Iorio Altamirano

FINRA has barred former Vorpahl Wing Securities broker Lee Nordstrom from the securities industry. Nordstrom consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA during the course of an investigation into whether he engaged in potential unsuitable and excessive trading in several customer accounts.

If you have suffered investment losses with Lee Nordstrom, or Vorpahl Wing Securities, contact New York securities 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.

PFS Investments Broker Jeffrey Dampf BARRED by FINRA – Totowa, NJ

Published on: October 5, 2021 | by Iorio Altamirano

FINRA has barred former PFS Investments Inc. broker Jeffrey Dampf from the securities industry. Dampf consented to the sanction and to the entry of findings that he refused to provide on-the-record testimony or to produce the documents and information requested by FINRA in connection with its investigation into allegations that he misappropriated funds from elderly individuals.

If you have suffered investment losses with Jeffrey Dampf, or PFS Investments Inc., contact New York securities 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.

Courtney Michelle Kaplan, Formerly with Wells Fargo, BARRED by FINRA – Tampa, FL

Published on: October 5, 2021 | by Iorio Altamirano

FINRA has barred former Wells Fargo broker Courtney Michelle Kaplan from the securities industry. Kaplan consented to the sanction and to the entry of findings that she refused to provide documents and information requested by FINRA during an investigation into allegations made in a Form U5 amendment filed by Wells Fargo. Kaplan was registered with the firm between June 2017 and March 2019.

The FINRA findings stated that Wells Fargo commenced an internal review after a former client’s daughter alleged that Kaplan borrowed money from her father and that Kaplan and her husband were beneficiaries under her father’s will.

If you have suffered investment losses with Courtney Michelle Kaplan, or Wells Fargo, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Deborah Herrmann, Formerly with Transamerica Financial Advisors, BARRED by FINRA – Wheaton, IL

Published on: October 5, 2021 | by Iorio Altamirano

FINRA has barred former Transamerica Financial Advisors broker Deborah Herrmann from the securities industry. Herrmann consented to the sanction and to the entry of findings that she failed to provide documents requested by FINRA during an investigation initiated after receiving a tip. The FINRA findings stated that Herrmann made a partial production but did not provide a complete response to FINRA’s requests.

If you have suffered investment losses with Deborah Herrmann, or Transamerica Financial Advisors, contact New York securities 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.

Purshe Kaplan Sterling Broker Lee Taylor BARRED by FINRA – Skippack, PA

Published on: September 30, 2021 | by Iorio Altamirano

FINRA has barred Purshe Kaplan Sterling Investments (PKS) broker Lee Taylor from the securities industry. Mr. Taylor consented to the sanctions and to the entry of findings that he refused to produce documents and information requested by FINRA in connection with its investigation into his potential undisclosed private securities transactions with PKS customers, including participating in trading for them for compensation in brokerage accounts outside of the firm.

If you have suffered investment losses with Lee Taylor, or Purshe Kaplan Sterling Investments, contact New York securities 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.

FINRA Files Enforcement Action Against Former Edward Jones Broker Alan Price – Frankfort, IN

Published on: September 30, 2021 | by Iorio Altamirano

FINRA’s Department of Enforcement has filed a disciplinary proceeding complaint against financial advisor Alan Price for borrowing $150,000 from a 72-year-old Edward Jones customer in violation of firm policies.

If you have suffered investment losses with Alan Price or Edward Jones, contact New York securities 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.

Robert Joseph Boyer III, Formerly with MML Investors Services, LLC, BARRED by FINRA – Holyoke, MA

Published on: September 29, 2021 | by Iorio Altamirano

FINRA has barred former MML Investors Services, LLC broker Robert Joseph Boyer III from the securities industry. Mr. Boyer consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA related to a matter that originated from a Form U4 amendment filed by MML Investors Services.

The amendment disclosed a customer complaint alleging that Mr. Boyer established multiple accounts that the complainant wasn’t in a financial position to purchase and that the complainant never reviewed nor signed some of the applications for these products, which were later found to contain false information.

If you have suffered investment losses with Robert Joseph Boyer III, or MML Investors Services, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

David Wells, Formerly with Fifth Third Securities, Inc., BARRED by FINRA – Chicago, IL

Published on: September 29, 2021 | by Iorio Altamirano

FINRA has barred former Fifth Third Securities, Inc. broker David Wells from the securities industry. Mr. Wells consented to the sanction and to the entry of findings that he failed to appear for on-the-record testimony or to produce documents requested by FINRA in connection with its investigation into his potential misconduct while at Fifth Third Securities.

Mr. Wells “voluntarily resigned” from Fifth Third Securities after he admitted to misappropriating funds from three clients.

If you have suffered investment losses with David Wells, or Fifth Third Securities, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Jerry Rice, Formerly with Raymond James, Suspended by FINRA – Tinton Falls, NJ

Published on: September 29, 2021 | by Iorio Altamirano

FINRA has suspended former Raymond James broker Jerry Rice from the securities industry for six months. Mr. Rice consented to the sanctions and to the entry of findings that he circumvented Raymond James’ procedures prohibiting, without the firm’s approval, representatives from receiving gifts from customers and being named as a beneficiary in a customer’s will.

Mr. Rice’s suspension began on September 20, 2021, and is scheduled to end on March 19, 2022. He was also fined $10,000.

If you have suffered investment losses with Jerry Rice, or Raymond James, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.