Securities Arbitration Lawyers Blog

Silver Law Group is investigating former Las Vegas, Nevada-based Wells Fargo Advisors Financial Network, LLC (CRD# 11025) broker Donald S. Toomer (CRD# 2842723) after he was discharged by Wells Fargo and named in an SEC and criminal complaint over allegations that he sold microcap stocks to his customers in exchange…

The broker had been involved in several customer disputes Christopher Paul’s 14-year career as a broker is over. In November of 2016, the Financial Industry Regulatory Authority (FINRA) permanently banned him because he did not respond when the agency contacted him for information. Paul has had many customer complaints against…

The former Wells Fargo broker was banned after allegations of unsuitable trading for elderly client On February 9, 2017, Matthew Christopher Maczko was permanently barred by the Financial Industry Regulatory Authority (FINRA) after Maczko consented to the sanction and FINRA’s findings. FINRA found that between January 2009 and April 2016,…

An assortment of charges, firings, and settlements have followed the broker for the last decade Christopher Vincent Paul’s 14-year career has come to an end. After failing to give the Financial Industry Regulatory Authority (FINRA) information it was looking for, the agency permanently barred him from acting as a broker.…

FINRA allegations include billing elderly clients $70,000 in false fees to make up lost commissions Former Purshe Kaplan Sterling Investments and MML Investors Services, LLC adviser Stanley Clayton Niekras is under investigation by the Financial Industry Regulatory Authority (FINRA) for allegedly taking advantage of elderly clients. In its complaint, FINRA…

The broker was also fined and fired from Wells Fargo Broker Jeffrey Alan Hill has been suspended by the Financial Industry Regulatory Authority (FINRA) for all of 2017 and will not be allowed to sell securities again until March of 2018. He was also fined $50,000. FINRA’s investigation reported that…

Maczko is reported to have earned nearly $600K in commissions by excessively trading an elderly client’s account After almost 30 years in the securities industry, Matthew Maczko’s career is over. Earlier this month, the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker due to allegations…

FINRA says that the investment firm often reported essential data more than 4 years late This January, the Financial Industry Regulatory Authority (FINRA) fined investment bank and wealth management firm Oppenheimer & Co. $1.575 million for allegedly failing to report mandatory data, withholding documents in discovery for clients in arbitration,…

Discovery violations can severely impede the chance of a fair arbitration proceeding Between 2010 and 2013, investment management firm Oppenheimer & Co. is reported to have repeatedly failed to produce documents during the discovery process for a group of claimants who alleged that the firm had not properly supervised a…

The former Sarasota, FL broker has been permanently barred by FINRA for falsifying information, among other charges After only about four years in the securities industry, Winston Turner has been barred permanently by the Financial Industry Regulatory Authority (FINRA). In February of 2016, FINRA made the decision based on evidence…