Real estate investment company MacKenzie Realty Capital has made an unsolicited mini-tender offer to purchase as many as 2 million shares of the non-traded real estate investment trust (REIT) Phillips Edison & Company (PECO). Many independent broker-dealers sold Phillips Edison to retail investors promoting it as a solid investment paying substantial income.
MacKenzie’s offer is for $7.39 per share and it expires on May 3, 2019. Continue reading
Scott Silver, the managing partner of Silver Law Group, recently spoke to AutoNews.com for an article about GPB Capital’s ongoing legal troubles. GPB Capital investments were sold by SagePoint Financial, National Securities, and other brokerage firms.
According to the article, GPB Capital Holdings is the majority owner of Prime Automotive Group, which is the 11th-largest dealership group in the country. GPB is the subject of federal and state investigations, and investors are concerned. There is concern that it could collapse and leave Prime without its majority investor and cause people who’ve invested in GPB to lose their money. Continue reading
A stockholder in The Parking REIT has filed class action lawsuit against the company in Nevada federal court. The lawsuit is related to the proxy statements MVP REIT II filed with the SEC to get shareholder approval to merge with MVP REIT, which created The Parking REIT.
The company is non-traded, but has filed a prospectus with the SEC to raise up to $100 million in an initial public offering and list on the NASDAQ with the symbol PARK. Continue reading
According to FINRA Disciplinary actions for March 2019, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Barrera, Cynthia | Morgan Stanley Smith Barney |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Beyn, Edward | Rothchild Lieberman LLC |
| Craig Scott Capital | |
| Blanchard, Keith | Waddell & Reed |
| Block, Gabriel | First Standard Financial Co |
| National Securities Corp | |
| Brown, Danard | Joseph Stone Capital |
| First Standard Financial Co | |
| Eckstein, Matthew | Sisk Investment Services |
| Gould, Ambroson & Associates | |
| Green, Mark | US Bancorp Investments |
| Wells Fargo Advisors Financial Network | |
| Harris, Heath | Citigroup Global Markets |
| Wells Fargo Clearing Services | |
| Hudgins, Sandra | Ameriprise Financial Services |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Jones, Alexander | LPL Financial |
| Morgan Stanley | |
| Lanci, Sean | First Standard Financial Co |
| Rothschild Lieberman | |
| McNutt, Jared | PNC Investments |
| JP Morgan Securities | |
| Nunez, Michael | Morgan Stanley |
| JP Morgan Securities | |
| Posillico, Paul | Aegis Capital Corp |
| Obsidian Financial Group | |
| Powers, Dorothy | Ameriprise Financial Services |
| IDS Life Insurance Co | |
| Preston, Duncan | |
| Puricelli, Terrance | Wells Fargo Advisors |
| Morgan Keegan & Co | |
| Rota, Dominic | Meyers Associates |
| Rothschild Lieberman LLC | |
| Schreiner, Phillip | Morgan Stanley |
| Merrill Lynch, Pierce, Fenner & Smith |
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.
According to FINRA Disciplinary actions for March 2019, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Ferree, Stuart | LPL Financial LLC |
| Invest Financial Corporation | |
| Anderson, Andy | LPL Financial LLC |
| Invest Financial | |
| Andrzejewski, Bryan | Dean Bradley Osborne Partners LLC |
| Morgan Stanley & Co | |
| Detamore, Craig | Allstate Financial Services |
| Donato, Scott | Morgan Stanley |
| Gennity, William | First Standard Financial Company |
| Alexander Capital | |
| Jefferson, Vladimir | Wells Fargo Sevurities |
| Johnson, Anthony | |
| Trager, Robert | PFS Investments |
| Primerica Financial Services | |
| Tudor, Mark | Raymond James Financial Services |
| Morgan Keegan & Company | |
| Whiting, David | Alternative Asset Investment Mgmt Securities |
| HD Vest Investment Services |
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
According to FINRA Disciplinary actions for March 2019, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Alfaro, Jennifer | JP Morgan Securities |
| Austin, Aaron | LPL Financial LLC |
| M & T Securities, Inc | |
| Conner, Youn | |
| Das, Anukul | NYLife Securities |
| Nayeli, Rosalba | JP Morgan Securities LLC |
| Wells Fargo | |
| Ferraro, Andrew | State Farm VP Mgmt Group |
| Chris Ferraro Insurance Agency | |
| Fidelman, Peter | Bradley Woods & Co |
| Griffen Securities Inc | |
| Gaston, Frantz | State Farm VP Mgmt |
| Frantz Gaston Jr. Insurance Agency | |
| Guillory, Michael | Financial West Group |
| The Shemano Group, Inc | |
| Hamm, Brandon | Wells Fargo Clearing Services |
| Hartigan, John | Entrustpermal Securities LLC |
| Calyon Financial Inc | |
| Jones, Marques | Merrill Lynch, Pierce, Fenner & Smith Inc |
| Bank of America | |
| Merlo, Robert | Allstate Financial Services |
| Pruco Securities | |
| Norris, Timothy | BMO Harris Financial Advisors |
| HarrisDirect LLC | |
| Olsen, Eric | NYLIfe Securities LLC |
| Wellsfargo | |
| Perez, Paul | Investcorp, Inc |
| Fintegra LLC | |
| Sullivan, Daniel Erich | Wunderlich Securities |
| Chapdelaine & Co | |
| Uribe, Juan | Wells Fargo Clearing Services |
| JP Morgan Securities LLC | |
| Wilson, Vance | Wells Fargo Clearing Serices |
| Fidelity Brokerage Services | |
| Witt, Robert | Voya Financial Adisors |
| ING Financial Partners |
FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
The Financial Industry Regulatory Authority Inc. fined H. Beck $400,000 on November 20, 2018 for failing to maintain and enforce its own written supervisory procedures. Failing to maintain their procedures has resulted in the unsuitable sale of L-share variable annuities tied to long-term riders.
H. Beck is an independent broker-dealer based in Maryland. It has been a member of FINRA since 1954. Continue reading
According to FINRA Disciplinary actions for February 2019, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Bishop, Tywan | Charles Schwab & Co., Inc |
| ETrade Securities | |
| Borja, Mauricio | Allstate Financial Services, LLC |
| Conrekas, Edward | J.W. Cole Financial, Inc. |
| Morgan Stanley | |
| Delaney, Glen | Newbridge Securities Corp |
| Craig Scott Capital, LLC | |
| Flaningan, Joel | NYLife Securities LLC |
| Synergy Investment Services, LLC | |
| Hovermale, Jeffrey | Sovereign Legacy Securities, Inc |
| Family Income Planning, Inc | |
| Marnelego, Christopher | First Standard Financial Company LLC |
| Merriman Capital, Inc | |
| Ness, Valerie | |
| O’Neal, Tristan | Northwestern Mutual Investment Services, LLC |
| Trotter, Aaron | JP Morgan Securities LLC |
| Capital One Bank | |
| Vrazel, Patsy | |
| Worthington, Bruce | Founders Financial Securities LLC |
| Commonwealth Financial Network |
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
According to FINRA Disciplinary actions for February 2019, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Arizmendi, Jose | Silber Bennett Financial, Inc |
| TCFG Wealth Management, LLC | |
| Barrick, Tabor | FBL Marketing Services, LLC |
| Allstate Financial Services, LLC | |
| Bogdan, David | Fidelity Brokerage |
| Conklin, Jeffrey | The Huntington Investment Company |
| Huntington National Bank | |
| Cottone, Anthony | Landolt Securities, Inc |
| Legion Capital | |
| Crocker, Sierra | Voya Financial Partners |
| Suntrust Bank | |
| Gaston, Frantz | State Farm VP Management Corp |
| Frantz Gaston Jr. Insurance Agency | |
| Peter Gomez | NYLife Securities LLC |
| New York Life Insurance Co | |
| Harris, Dionna | Vanguard Marketing Corporation |
| Henry, Omar | Cetera Advisors LLC |
| JP Morgan Securities LLC | |
| King, Erin | Wells Fargo Clearing Services, LLC |
| Wells Fargo Bank | |
| Lin, Linda | |
| Lossing, Christopher | LPL Financial LLC |
| Edward Jones | |
| McNeill, Randolph | Buckman, Buckman & Reid, Inc |
| Garden State Securities | |
| Minichino, Richard | Next Financial Group, Inc |
| Wunderlich Securities, Inc | |
| Nicholl, Timothy | |
| Onu, Isaac | NYLife Securities LLC |
| Wells Fargo Advisors, LLC | |
| Peskar, Denise | Pruco Securities, LLC |
| The Prudential Insurance Co of America | |
| Schwede, Jaime | |
| Simon, Justin | NYLife Securities LLC |
| Country Capital Management Co | |
| Sredich, Kimberly | |
| Stephens, Dudley | Coastal Equities, Inc |
| Prospera Financial Services, Inc | |
| Strawn, Brandon | |
| Tinsley, Sean | Park Avenue Securities LLC |
| AXA Advisors, LLC | |
| Trussell, Derrick | PFS Investments Inc |
| Vailiancourt Jr., Peter | Fidelity Brokerage Services LLC |
| Wood, Daniel | LPL Financial LLC |
| Morgan Stanley Smith Barney | |
| Wright, Bryan | Pruco Securities, LLC |
| The Prudential Insurance Company of America |
FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
According to FINRA Disciplinary actions for February 2019, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:
|
NAME |
FORMER EMPLOYERS |
| Grossman, Robert | David Lerner Associates, Inc |
| National Planning Corporation | |
| Jacobowitz, Oded | Securities America, Inc |
| JP Morgan Securities LLC | |
| James, Garland | Garden State Securities, Inc |
| Global Arena Capital Corp | |
| Konz, Rachel | Morgan Stanley |
| Wells Fargo Advisors, LLC | |
| Moltz, Brian | MML Investors Services, LLC |
| Merrill Lynch, Pierce, Fenner & Smith Inc | |
| Park, Thomas | Wells Fargo Clearing Services, LLC |
| Merrill Lynch, Pierce, Fenner & Smith Inc | |
| Royster, Brian | HD Investment Services |
| LPL Financial LLC | |
| Staff, Phillip | Ameriprise Financial Services, Inc |
| Wells Fargo Advisors, LLC |
Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any 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.
Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.
Securities Arbitration Lawyers Blog