Securities Arbitration Lawyers Blog

Other allegations include unsuitable investments and unauthorized trading. In the securities industry for 28 years, New York broker David J. Sullivan is the subject of yet another customer complaint against his behavior as a securities broker. This most recent complaint alleges that on or about September 2011 through approximately December…

Broker William Slone’s most recent complaint alleges unauthorized securities trading. Acting as a securities investment broker since 1969, William Slone faces yet another customer complaint regarding his activities. In November 2015, Slone consented to the sanctions and the entry of the findings that he effected discretionary transactions in the account…

As of August 18, 2015, Veale has been suspended by FINRA With numerous complaints filed against him, several judgments, a felony charge and various other allegations after a lengthy career in the industry, Christopher Veale remains in hot water with FINRA. The trouble for Veale began as early as August…

This New York broker is permanently barred from the securities industry. In November 2015, New York broker Joshua Gladtke consented to the sanction and entry of findings in a FINRA investigation. As a result, Gladtke is now permanently barred from the securities industry. With 13 years in the securities industry,…

Florida stockbroker suspended from securities activity for 6 months due to misconduct Walter P. Priebe, from Pompano Beach, FL, is accused of engaging in outside business activities without telling his registered firm, Investacorp. Priebe worked for Investacorp between March 1989 and July 2014, when his position in that company was…

The Financial Industry Regulatory Authority Inc. (“FINRA”) charged a broker for lying to a Native American tribe about $11 million in commissions he accumulated when he sold the tribe $190 million in nontraded real estate investment trusts and business development companies. According to the complaint, Gopi Krishna Vungarala (CRD# 4856193),…

Broker James Michael Johnson faces a two-year suspension and $50,000 fine for negligent misrepresentations and omissions. In November 2015, James Michael Johnson agreed to FINRA sanctions and the entry of findings that he made negligent misrepresentations and omissions regarding securities investments to customers of his member firm without the firm’s…

Nevada financial broker permanently barred from all FINRA activity after taking advantage of elderly clients Henderson, NV broker Glenn Moffitt was permanently barred from all FINRA activity for allegedly misappropriating funds from elderly clients between 2011-2014.  According to his FINRA report, Moffitt is accused of misappropriating at least $370,000 and…

Silver Law Group is investigating allegations made by the Financial Industry Regulatory Authority (“FINRA”) against former Hollywood, Florida broker Daniel G. Kasbar (CRD# 5869994). FINRA barred Kasbar from the securities industry for failing to respond to FINRA’s requests for documents and information. FINRA was investigating Kasbar for allegedly engaging in…

Silver Law Group is investigating claims related to West Palm Beach, Florida broker Paul V. Blum (CRD # 735003). We have recently been retained to pursue a securities arbitration claim against RBC Capital Markets, LLC (“RBC”), Blum’s former brokerage firm, alleging, amongst other issues, that RBC and Blum engaged in…